8.—13

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PUBLIC DEBT SINKING FUND BRANCH. Statement of Liabilities and Assets as at 31st March, 1921. Liabilities. Assets. Sinking Fund Account, Investment Acoount— £ s. d. created in accord- Total principal owing on mortgages ance with the Pub- advanced to settlers .. .. 243,317 8 0 lie Debt Extinction Total principal owing by looal authoAot, 1910— £ s. d. £ a. d. rities .. .. .. .. 993,907 610 Treasury, in respect Interest on mortgages— of sundry loans 1,517,33118 6 Settlers— In respect of loanß Overdue at 31st Maroh, £ s. d. raised under the ■ 1921 .. .. 600 12 0 State Advances Accrued but not due at Act, 1913— 31st Maroh, 1921 .. 2,500 7 3 Advances to Settlers 3,100 19 3 Branch .. 9,289 9 6 Interest on debenturesInterest to date .. 1,236 1 1 Local Authorities— Advances to Workers Overdue at 31st Maroh, Branch .. 3,805 5 2 1921 .. .. 4,585 2 8 Interost to date .. 560 11 9 Acorued,but not ducat Advances to Looal 31st Maroh, 1921 .. 10,207 2 9 Authorities Branch 8,658 6 10 14,792 5 5 Interest to date .. 1,250 411 Temporary advances to Looal Authorities 1,542,131 17 9 Branoh .. .. .. .. 155,038 0 0 Advances Suspenso Acoount .. .. 3,665 0 0 Temporary advances to Settlers Branoh 459,962 0 0 Suspense Account .. .. .. 141 2 8 Insurance Premiums Account .. .. 13 5 Profit and Loss Acoount, profits on Cash in hand and in bank at 31st March, Treasury payments .. .. 329,073 8 4 1921 .. .. .. .. 4,892 510 £1,875,011 8 9 £1,875,011 8 9

Statement of Profit and Loss Account for the Year ended 31st March, 1921. Dr. ■ £ s. d. Gr. £ s. d. To Balance—net profits for the year .. 70,247 15 11 By Interest Account .. .. .. 70,247 15 11 £70,247 15 11 £70,247 15 11 £ s. d. £ s. d. Profits as at 31st March, 1920, on Balanoe as at 31st Maroh, 1920 .. 260,957 7 1 amounts paid in by— Net profits for the year .. .. 70,247 15 11 Settlers Branoh, transferred .. 850 5 1 Workers Branch, transferred .. 398 7 6 Looal Authorities Branch, transferred 883 2 1 Balanoe—Net profits oarried forward 329,073 8 4 £331,205 3 0 £331,205 3 0

Statement of Inteeest Account for the Year ended 31st March, 1921. Dr. £ s. d. Cr. £ s. d. £ s. d. Interest on amounts paid in by—- By Interest on mortgages— Settlers Branch, transferred .. 385 16 0 Settlers .. .. 6,693 6 10 Workers Branch, transferred .. 162 4 3 Less interest overdue and Looal Authorities Branch, transferred 367 2 10 accrued at 31st March, Balance transferred to Profit and Loss 192 C .. .. 1,863 14 8 Account ... .. .. .. 70,247 15 11 4,829 12 2 Interest on debentures— Looal Authorities .. 36,197 19- 0 Less interest overdue and aoorued at 31st Maroh, 1921 .. .. 11,083 9 2 25,114 9 10 Interest on bank balances .. .. 5 10 Interest on amounts temporarily transferred to other branohes .. .. 23,320 11 4 Interest on mortgages— Settlers— Overdue at 31st £ s. d. Maroh, 1921 .. 600 12 0 Aoorued but not due at 31st Maroh, 1921 2,500 7 3 3,100 19 3 Interest on debentures— Looal Authorities— Overdue at 31st March, 1921 .. 4,585 2 8 Aoorued but not due at 31st March, 1921 10,207 2 9 14,792 5 5 £71,162 19 0 £71,162 19 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.