8.—13

8

Statement of Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Cr. £ S. d. To Balance—lnterest Account .. .. 7,749 1 0 By Balance—Loss for the year .. .. 8,919 0 7 Management Expenses Account .. .. 1,169 19 7 £8,919 0 7 £8,919 0 7 £ s. d. £ s. d. To Balance as at 31st March, 1923 .. .. 82,192 6 3 By Balance .. .. .. . . 91,912 610 Loan-flotation obarges written down .. 801 0 0 Loss for the year .. .. .. 8,919 0 7 £91,912 6 10 £91,912 0 10 Statement of Interest Account por the Year endud 31st March, 1924. Dr. £ s,. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans . . .. 103,195 12 8 By Interest on debentures .. 103,847 211 Less accrued at 31st March, Less overdue and accrued at 1923 .. .. 36,385 16 7 31st March, 1923 .. 26,436 18 11 06,809 16 I 77,410 1 0 Interest on amounts temporarily transferred Interest on bank balances .. .. 10 2 6 from Settlers Branch .. .. .. 8,250 14 5 Interest on debentures — Interest on loans accrued but not due .. 30,385 10 7 Overdue at 31st March, 1924 3,947 10 5 Accrued but not due at 31st March, 1924 .. .. 22,329 9 2 26,276 19 7 ' Balance transferred to Profit and Loss Account 7,749 1 0 £111,446 7 1 £111,446 7 1 Statement of Management Expenses Account for the Year ended 31st March, 1924. Dr. £ s. d. Cr. £ s. d. To Audit Office services .. .. .. 50 0 0. By Balance transferred to Profit and Loss Account 1,169 19 7 Cleaning, lighting, heating, and messenger services .. . . .. . . .. 15 0 0 Management charges, New Zealand stock and bonds .. .. .. .. 308 10 4 Post Office services .. .. .. 25 0* 0 Postages and telegrams .. .. . . 24 15 11 Printing and stationery .. .. .. 125 0 0 Rent .. .. .. .. .. 71. 13 4 Salaries .. .. .. .. . . 550 0 0 £1,169 19 7 £1,169 19 7 Wm. Waddel, Superintendent. State Advances Office, Wellington, ll.th June, 1924. It. Robertson, Accountant. The Audit Office, having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. —G. K. C. Campbell, Controller and Auditor-General. PUBLIC DEBT SINKING FUND BLANCH. Statement op Liabilities and Assets as at 31st March, 1924. Liabilities. Assets. Sinking fund created under tile provisions of the £ s. d. Investment Account—Principal £ s. d. £ s. d. Public Debt Extinction Act, 1910— owing on loans to— Total fund as at 31st March, £ s. d. Settlers .. .. 473,008 12 8 1923.. .. .. 2,633.385 18 li Workers .. 69,166 18 1 Principal received from Loenl bodies .. .. 2,074,780 9 9 Treasury during the year 210,405 0 o — 2,017,022 0 6 Interest .earned for file year , Temporary Advances to Settlers Branch .. 304,000 0 0 ended 31st March, 1924 117,497 16 2 Insurance' Premium Account .. .. 3 11 5 2,961,288 .14 8 Interest overdue on loans to — £ s. d. Advances Suspense Account ~ .. 665 0 0 Settlers .. .. 1,788 19 11 Fire Loss Suspense Account .. .. 520 10 11 Workers .. .. 73 10 7 Local bodies .. .. 3,828 16 9 5,691 7 3 Interest accrued on loans to — Settlers .. . . 5,215 0 7 Workers .. ..757 15 -1 Local bodies .. .. 20,787 13 II 26,760 9 10 Cash in hand and in bank at 31st March, 1924.. 8,996 16 7 £2,962.474 5 7 £2,962,474 5 7