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ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1921. Liabilities. Assets. £ s. d. £ s. d. Investment Aooount— £ s. d. Amount paid in as at Total principal owing on mortgages 31st Maroh, 1921, advanced to settlers .. .. 508,635 19 10 with profits added 1,413,745 3 4 Total prinoipal owing on mortgages Less redemption of advanced to local authorities .. 256,513 5 2 loans .. .. 175,000 0 0 Temporary advances to Sottlers Branoh 445,000 0 0 1,238,745 3 4 Insurance Premiums Acoount .. 16 7 11 Advanoes Suspense Aooount .. .. 475 0 0 Interest on mortgagesSuspense Aocount .. .. .. 178 13 7 SettlersOverdue at 31st March, £ s. d. 1921 .. .. 2,229 8 2 Accrued but not due at 31st Maroh, 1921 .. 5,208 14 4 7,438 2 6 Interest on debentures — Overdue at 31st March, 1921 .. .. 1,783 11 1 Accrued but not due at 31st March, 1921 .. 2,097 6 0 3,880 17 1 Cash in hand and in bank at 31st March, 1921 • .. .. .. .. 17,914 4 5 £1,239,398 16 11 £1,239,398 16 11

Statement of Profit and Loss Account for the Year ended 31st March, 1921. Dr. £ s. d. Or. £ s. d. To Profits as at 31st March, 1920, on By Balance aa at 31st Maroh, 1920 .. 219,240 19 10 amounts paid in by— Settlers Branoh, transferred .. 175,043 13 5 Workers Branch, transferred .. 10,110 8 0 , Local Authorities Branoh, transferred 34,086 18 5 £219,240 19 10 £219,240 19 10 Statement of Interest Account for the Year ended 31st March, 1921. Dr. £ s. d. Gr. £ s. d. £ s. d. To Interest on amounts paid in by— By Interest on mortgagos— Settlers Branch, transferred .. 48,804 1111 Settlers .. 23,352 0 6 Workers Branoh, transferred .. 3,682 12 5 Less interest overdue and Looal Authorities Branoh, transferred 10,376 10 5 acorued at 31st Maroh, 1920 .. .. 7,398 9 9 15,953 10 9 Interest on debentures— Local authorities .. 6,705 15 10 Less interest overdue arid accrued at 31st Maroh, 1920 .. .. 1,632 15 5 5,073 0 5 Interest on bank balances .. .. 4 19 0 Interest on amounts temporarily transferred to Settlers Branch .. .. 13,163 5 5 Interest on sinking funds held by Publio Trustee .. .. .. 17,349 19 7 Interest on mortgages— Settlers Overdue at 31st £ s. d. Maroh, 1921 .. 2,229 8 2 Accrued but not due at 31st Maroh, 1921 .. .. 5,208 14 4 7,438 2 6 Interest on debentures— Looal authorities - - Overdue at 31st March, 1921 .. 1,783 11 1 Acorued but not due at 31st Maroh, 1921 .. .. 2,097 6 0 3,880 17 1 £62,863 14 9 £62,863 14 9 G. F. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant.

Statement of Interest Account for the Year ended 31st March, 1921. Dr. £ s. d. Gr. £ s. d. £ s. d. To Interest on amounts paid in by— By Interest on mortgagos— Settlers Branch, transferred .. 48,804 1111 Settlers .. 23,352 0 6 Workers Branoh, transferred .. 3,682 12 5 Less interest overdue and Looal Authorities Branoh, transferred 10,376 10 5 accrued at 31st March, 1920 .. .. 7,398 9 9 15,953 10 9 Interest on debentures — Local authorities .. 6,705 15 10 Less interest overdue arid accrued at 31st Maroh, 1920 .. .. 1,632 15 5 5,073 0 5 Interest on bank balances .. .. 4 19 0 Interest on amounts temporarily transferred to Settlers Branch .. .. 13,163 5 5 Interest on sinking funds held by Public Trustee .. .. .. 17,349 19 7 Interest on mortgages — Settlors Overdue at 31st £ s. d. Maroh, 1921 .. 2,229 8 2 Accrued but not due at 31st March, 1921 .. .. 5,208 14 4 7,438 2 6 Interest on debentures — Local authorities - - Overdue at 31st March, 1921 .. 1,783 11 1 Acorued but not due at 31st Maroh, 1921 .. .. 2,097 6 0 3,880 17 1 £62,803 14 9 £62,863 14 9 Or. 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. Approximat,: Cost of Paper. —Preparation, not given ; printing (,"i5» copies), £18 10s. By Authority: Marcus F. Marks. Government Printer, Wellington.—l92l. Price Gd. 1 ,

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