7

8.—13

Statement of Profit and Loss Account for the Year ended 31st March, 1921. Dr. £ s. d. Gr. £ s. d. To Management Expensos Acoount .. 791 16 0 By Interest Acoount—Gross profits .. 7,639 12 11 Balance—Net profits for the year .. 6,847 16 11 — — £7,639 12 11 £7,639 12 11 i Accumulated profits as at March, 1920, £ s. d. £ s. d. on amounts paid to Advances Offioe Balance as at 31st Maroh, 1920 .. 60,896 10 3 Sinking Fund Aooount .. .. 34,086 18 5 Loan flotation charges written down ~ 6,240 0 0 Accumulated profits as at March, 1920, on amounts paid to Publio Debt Sinking Fund Branoh .. .. 883 2 1 Net profits for the year .. .. 6,847 16 11 Balance .. .. .. .. 25,318 12 10 £67,136 10 3 £67,136 10 3 Statement of Interest Account for the Year ended 31st March, 1921. Dr. £ a. d. & s. d. Gr. £ s. d. £ s. .d. To interest paid on loans .. 103,195 12 6 ! By interest on debentures — Less accrued interest at Local bodies .. 78,330 17 10 31st Maroh, 1920 .. 36,385 6 7 Section 70 .. .. 1,853 1 7 66,810 5 11 Interest paid on temporary advances .. 11,327 10 5 80,183 19 5 Interest payable on loans, accrued but Less interest overdue and not due at 31st Maroh, 1921 ..36,385 6 7 accrued at 31st March, Balanoe transferred to Profit and Loss 1920 .. .. 26,996 12 4 Aooount .. .. .. .. 7,639 12 11 ■ 53,187 7 1 Interest on amounts in Advances Offioe Sinking Fund Aocount .. .. 10,376 10 5 Interest on bank balances .. .. 4 15 0 Interest on amounts in Publio Debt Binking Fund Branoh .. .. 367 2 10 Interest on temporary in- £ s. d. vestments .. .. 27,512 19 2 Less interest accrued at 31st Maroh, 1920 .. 9,351 3 5 18,161 15 9 Interest on temporary investments, acorued but not due at 31st Maroh, 1921 9,351 3 5 Interest on debentures — Overdue at 31st March, £ s. d. 1921 .. .. 13,431 12 10 Accrued but not due at 31st March, 1921.. 17,282 8 6 30,714 1 4 £122,162 15 10 | £122,162 15 10 Statement of Management Expenses Account for the Year ended 31st March, 1921. Dr. £ s. d. Gr. £ s. d. To Audit Office servioes .. .. .. 50 0 0 By balance transferred to Profit and Loss Post Office services .. .. .. 100 0 0 Aooount .. .. .. 791 16 0 Postages and telegrams .. .. 146 16 0 Printing and stationery .. .. 125 0 0 Salaries .. .. .. 370 0 0 £791 16 0 £791 16 0 G. F. C. Campbell Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 27th June, 1921. Examined and found correct. —Robert J. Collins, Controller and Auditor-General.