11

8.—13

Statement op Interest Account for the Year ended 31st March, 1924:. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. (I. To Interest on loans .. .. 3,190 2 1. By Interest on mortgages.. .. 2,292 13 3 Less accrued at 31st March, Less overdue and accrued at 1923 .. .. .. 1,409 5 0 31st March, 1923 .. 1,102 18 7 1,720 17 1 . 1,189 14 8 Interest on loans aocruod but not due .. 1,403 10 9 I interest on bank balances .. .. .. 3 14 6 Interest on temporary advances to Settlers Branch.. .. .. .. .. 168 2 0 Interest on mortgages— Overdue at 31st March, 1924.. 1,308 11 3 Accrued but not due at 31st March, 1924 .. .. 438 (i 0 1,740 17 3 Balance transferred to Profit and Loss Account 15 19 5 £3,124 7 10 £3,124 7 10 Statement op Management Expenses Account for the Year ended 31st March, 1924. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. ..100 0 0 By Balance transferred to Profit and Loss Account .. 100 0 0 £100 0 0 £100 0 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, J Ith 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. F. 0. Campbell, Controller and Auditor-General. COLD-STORAGE ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. i Assets, £ s. d. Sundry loans .. .. .. .. 82,750 0 0 Investment Account—Principal owing by mortInterest on loans accrued but not duo .. .. 301 6 7 ! gagors .. .. .. .. .. 48,837 17 8 Sinking Fund .. .. .. .. 38 17 II Temporary advances to Settlers Branch .. 22,850 0 0 Reserve for losses on realization and bad debts .. 7,720 15 2 I Sinking Fund investments held by Public Debt Sinking Fund Branch .. .. .. *817 11 6 Interest on mortgages — £ s. d. Overdue .. .. .. 701 18 0 Accrued . . .. .. 777 4 1 1,479 2 1 Sundry debtors .. .. .. .. 12 17 0 Realization Account .. .. .. .. 7,720 15 2 Profit and Loss Account .. .. .. 8,919 8 0 Cash in hand and in bank at 31st March, 1924 .. 173 8 3 £90,810 19 8 £90,810 19 8 * This amount Includes the sum of £778 13s. 7d. capital paid into the sinking fund in accordance with the Public Debt Extinction Act, 1910. Statement of Profit and Loss Account for the Year ended 31st March, 1.924. Dr. £ s. d. I Cr. £ s. d. To Management Expenses Account .. .. 1 15 10 0 By Interest Account —Gross profits .. .. 56 12 9 Balance —Loss for the year .. .. .. 58 17 9 £115 10 6 £115 10 6 £ s. d. £ s. d. To Balance as at 31st March, 1923 .. .. 8,860 10 3 By Balance .. .. .. .. .. 8,919 8 0 Loss for the year .. .. .. .. 58 17 9 £8,919 8 0 £8,919 8 0 Statement op Interest Account por the Year ended 31st March, 1924. Dr. • £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 3,576 5 0 By Interest on mortgages .. 3,193 12 6 Loss accrued at 31st March, 1923 293 18 5 Less overdue and accrued at 3,282 0 7 31st March, 1923 .. 1,646 2 3 Interest on loans accrued but not due , ~.'"' 301 0 7 1,547 10 3 Balance—Gross profits transferred to Profit and Interest on bank balances .. .. .. 3 12 0 Loss Account .. .. .. ■ ■ 50 12 9 Interest on temporary advances to Settlers Branch .. .. .. .. 610 I 1 Interest on mortgages — :•'.■ ..... V ..::.,. .: Overdue at 31st March, 1924 701 18 I) Accrued but not .due at 31st. • March, 1924 .. .. 777 4 I .1,179 2 I. £3,640 5 11 j • £3,640 5 II

3—B. 13.