8.—13

6

Statement of Interest Account for the Year ended 31st March, 1921. Dr. £ s. d. £ 8. d. Cr. £ s. d. £ s. d. To Interest paid on loans .. 95,916 17 0 By Interest on mortgages ..112,651 19 7 Less interest aoorued at Less interest overdue and 31st March, 1920 .. 24,922 11 8 acorued at 31st Maroh, 70,994 5 10 1920 .. .. 37,585 16 9 Interest paid on amounts temporarily 75,066 2 10 transferred from Settlers Branoh .. 6,031 14 8 Interest on amount in Advances Office Interest payable on loans, acorued but Sinking Fund Aocount .'. .. 3,682 12 5 not due .. .. .. .. 24,963 13 7 Interest on bank balancos .. .. 812 0 Balance — Grosa profits transferred to Interest on amount in Publio Debt Profit and Loss Aocount .. .. 16,299 2 8 Sinking Fund Branoh .. .. 162 4 3 Interest on mortgages— Overdue at 31st Maroh, 1921 ..' 8,797 4 0 Acorued but not due at 31st March, 1921 .. 30,572 1 3 39,369 5 3 £118,288 16 9 £118,288 16 9 Statement of Management Expenses Account for the Year ended 31st March, 1921. Dr. £ s. d. Cr. £ s. d. To Audit Office services .. .. ... 150 0 0 By Production fees .. .. .. 329 11 6 Post Office servioes .. .. .. 400 0 0 Releaso fees .. .. ' .. .. 265 5 0 Postages and telegrams .. .. 145 2 0 Balanoe transferred to Profit and Loß^ Printing and stationery .. .. 200 0 0 Acoount .. .. .. .. 3,322 211 Salaries .. .. .. .. 2,670 0 0 Sundries .. .. .. .. 1 17 5 Valuation Department—Agency work .. 350 0 0 £3,916 19 5 £3,916 19 5 G. F. C. Campbell, Superintendent. W. N. Hinchlifee, Accountant. State Advances Office, Wellington, 27th June, 1921. Examined and found correct.—Robert J. Collins, Controller and Auditor-General.

ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1921. Liabilities. £ s. d. Assets. Sundry loans .. .. .. 2,775,529 0 0 Investment Account, less £ s. d. £ s. d. Money received in accordance with sec- total repayments— tion 72, Local Bodies' Loans Aot, 1913 3,987 12 10 Local bodies ..2,206,904 10 4 Temporary advances from Settlers Branoh 225,000 0 0 Section 70, Looal Tomporary advances from Public Debt Bodies' Loans Aot, Sinking Fund Branch .. .. 155,038 0 0 1913 .. .. 43,255 8 0 Suspense Acoount .. .. .. 73 17 6 Interest on loan-moneys, aoorued but not Total balanoe of principal owing on due .. .. .. .. 36,385 6 7 debentures .. .. .. 2,250,159 18 4 Interest on debentures— Looal bodies — Overdue at 31st £ s. d. March, 1921 .. 12,571 15 8 Aoorued but not due at 31st March, 1921 16,988 9 1 Section 70 — Overdue at 31st March, 1921 .. 859 17 2 Aoorued but not due at 31st Maroh, 1921 293 19 5 30,714 1 4 Loan Charges Account .. .. 32,873 5 0 Temporary investments .. .. 545,226 12 3 Interest aocrued but not due on temporary investments .. .. 9,351 3 5 Sinking Funds — £ s. d. Publio Trustee .. 48,461 0 5 Advances Office Sinking Fund Aooount .. 211,046 19 0 Public Debt Sinking Fund Branoh .. 9,908 11 9 269,416 11 2 Profit and Loss Acoount .. .. 25,318 12 10 Cash in hand and in bank at 31st March, 1921 .. .. .. .. 32,953 12 7 £3,196,013 16 11 ■ £3,196,013 16 11