5

8.—13

Statkmknt of Management Expknsks Account for tho Year ended 31st March, 1921. Dr. £ s. d. Gr. £ s. d. To Advertising, newspapers, &a. .. .. 7 3 0 By Consent fees .. .. .. 17 12 1 Audit Office services .. .. .. 300 0 0 Production fees .. .. .. 795 1 8 Inspection fees .. .. .. 64 2 9 Release fees .. .. .. 679 7 6 Petty genoral expenses .. .. 60 7 11 Balance transferred to Profit and Loss Post Office services .. .. .. 771 0 9 Account .. .. .. .. 17,194 18 5 Postages and telegrams .. .. 995 10 6 Printing and stationery (including office fittings) .. .. .. .. 1,379 18 11 Salaries .. .. .. .. 14,044 7 0 Telephones .. .. .. .. 51 18 7 Travelling-expenses .. .. .. 319 6 5 Typewriters and adding - machines— Repairs .. .. .. .. 43 3 10 Valuation Department—Agency work .. 650 0 0 £18,686 19 8 £18,686 19 8 (1. F. C. Campbell, Superintendent. W. N. llinchliffe, Accountant. State Advances Office, Wellington, 27th June, 1921. Examined and found correct. —Robert J. Collins, Controller and Auditor-General. ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1921. Liabilities. £ ' s. d. Assets. £ s. d. Sundry loans .. .. .. 2,419,346 14 1 Investment Account (total principal Temporary advances from Settlers owing by mortgagors at 31st March, Branch .. .. .. .. 330,000 0 0 1921) .. .. .. .. 2,705,357 4 7 Interest payable on loans, accrued but Mortgage instalments overdue—lnterest 8,797 4 0 not due .. .. .. .. 24,963 13 7 Interest on mortgages, accruod but not Advances Suspense Aooount .. .. 20,730 15 6 due .. .. .. .. 30,572 1 3 Fire Loss Suspense Account .. .. 8 0 0 Loan Charges Aocount .. .. 12,000 0 0 Suspense Acoount .. .. .. 1,893 9 5 Insuranoe Premiums Aocount .. 133 14 6 Reserve Fund .. .. .. 41,520 14 4 Realization Account.. .. .. 724 18 10 Sinking Funds — £ s. d. Publio Trustee .. 2,715 17 9 Advances Office Sinking Fund Account.. 64,663 15 5 Public Debt Sinking Fund Branch .. 4,365 16 11 71,745 10 1 Cash in hand and in bank at 31st March, 1921 .. .. .. 9,132 13 8 £2,838,463 6 11 £2,838,463 6 11 Statement of Profit and Loss Account for the Year ended 31st March, 1921. Dr. £ s. d. Cr. £ 8 . a. To Management Expenses Account .. 3,322 2 11 By Interest Aocount—Gross profits .. 16,299 2 8 Amount lost in transit .. .. .. 5 0 0 Balance—Net profits for the year .. 12,97119 9 £16,299 2 8 £16,299 2 8 £ b. d. £ s . d. Loan-flotation charges written down .. 5,000 0 0 Aooumulated profits as at March, 1920, Balance—Net profits transferred to on amounts paid to Advanoes Offioe Reserve Fund .. .. .. 18,480 15 3 Sinking Fund Aooount .. .. 10,110 8 0 Accumulated profits as at March, 1920, on amounts paid to Publio Debt Sinking Fund Branch .. .. 398 7 6 Net profits for the year .. .. 12,971 19 9 £23,480 15 3 £23,480 15 3