8.—13

9

Statement op Interest Account .for the Year ended 31st March, 1924. Dr. £ s. d. Cr. £ s. d. To Interest on investments transferred to the By Interest on loans to— £ s. d. Sinking Fund Account .. .. .. 117,497 16 2 Settlers.. .. .. 20,915 14 10 Workers.. .. .. 2,909 7 0 Local bodies .. .. 87,866 16 (i 111,691 18 10 Less overdue and accrued, at 31st March. 1923 .. .. 31,249 11 4 80,442 7 6 Interest on bank balances .. . . .. 4 9 0 Interest on temporary advances to Settlers Branch .. .. .. .. 4,599 2 1 Interest overdue at 31st March, 1924, on loans to — Settlers .. .. .. 1,788 19 11 Workers.. .. .. 73 10 7 Local bodies .. .. 3,828 10 9 5,691 7 3 Interest accrued at 31st March, 1924, on loans to— Settlers .. .. .. 5,215 0 7 Workers.. .. .. 757 15 4 Local bodies .. .. 20,787 13 11 26,760 9 10 £117,497 10 2 £117,497 16 2 Wm. Waddel, Superintendent. State Advances Office, Wellington, 11th June, 1924. R. 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. F. C. Campbell, Controller and Auditor-General. ADVANCES OFFICE SINKING FUND ACCOUNT. Statement op Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Principal received as at 31st Investment Account: PrinciMarch, 1923, with accu- pal owing on loans to— £ s. d. inulated interest from Settlers .. ..1,177,784 2 8 the— £ s. d. Workers .. .. 80,541 I 3 Advances to Settlers Branch 1,432,119 0 8 Local bodies .. .. 378,280 111 Advances to Workers Branch 248,487 19 2 1,636,611 5 10 Advances to Local Authori- Temporary advances to Settlers Branch .. 160,500 0 0 ties Branch .. .. 283,000 12 4 Insurance Premium Account .. .. 55 17 2 Interest overdue on loans to — 1,963,673 18 2 Settlers .. .. 4,882 13 7 Interest earned for the year Workers .. ... 291 19 11 ended 31st March, 1924— Local bodies .. .. 1,231 1 8 Advances to Settlers Branch 01,540 8 0 6,405 15 2 Advances to Workers Branch 2,736 13 11 Interest accrued on loans to — Advances to Local Authori- Settlers .. .. 13,130 5 3 ties Branch .. .. 12,598 18 8 • Workers .. .. 857 9 6 Local bodies .. :. 3,059 4 11 2,040,555 18." 9 17,052 19 8 Balance—Net profits trans- Realization Account . . .. . . 179 17 11 ferred from Advances to Cash in hand and in bank at 31st March, 1924.. 30,340 9 7 Settlers Branch .. .. 27,824 0 0 2,008,379 18 9 Less redemption of loans —Advances to Settlors Branch, £40,700 ; Advances to Workers Branch, £187,000 233,700 0 0 1,834,079 18 9 Advances Suspense Account .. .. 14,865 0 0 Fire Loss Suspense Account .. .. 1,200 0 0 Suspense Account .. .. .. •. 401 0 7 £1,851,140 5 4 £1,851,146 5 4

2—B. 13.