8.—13

12

Statement of Management Expenses Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. .. 115 10 6 By Balance transferred to Profit and Loss Account .. 115 10 6 £1.15 10 0 £115 10 6 Wm. Waddel, Superintendent. State Advances Office, Wellington, 11th 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 bo in accordance therewith.—G. F. C. Campbell. Controller and Auditor-General. PISHING INDUSTRY PROMOTION ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1924. .Liabilities. £ s. d. „ Assets. £ s. d. Sundry loans .. .. .. .. 5,575 0 0 Investment Account—Principal owing on bills of Suspense Account .. .. .. .. 40 5 11 sale .. .. .. .. .. 2,824 10 5 Interest on loans accrued but not due .. .. 82 18 5 Temporary advances to Settlers Branch .. .. 1,950 0 0 Sinking Fund .. .. .. .. 115 Sinking Fund investments held by Public Debt Sinking Fund Branch .. .. .. *32 0 2 Interest on bills of sale — £ s. d. Overdue .. .. .. .. 69 13 11 Accrued .. .. .. . . 34 1 (i 103 15 5 Insurance Premium Account . . . . . . 55 7 9 Realization Account .. .. .. .. 184 14 0 Profit and Loss Account .. .. .. 455 11 8 Cash in hand and in bank at 31st March, 1924 . . 93 0 + £5,099 5 9 £5,099 5 9 * This amount includes the sum of £31 4s. 9d. 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, 1924. Dr. £ s. d. Or. £ s. d. To Balance —Interest Account .. .. .. 32 10 9 By Balance —Loss for the year .. .. .. 238 8 4 Management Expenses Account .. .. 30 10 8 Loss on realization of securities .. .. 174 14 11 £238 8 4 £238 8 4 £.s. d. By Transfer from Sinking Fund Reserve Account— £s. d. To Balance as at 31st March, 1923 .. .. 220 1 0 Adjusting sinking funds debited to Profit and Loss for the year .. .. .. .. 238 8 4 Loss Account .. .. . . .. 217 8 Balance .. .. .. .. .. 455 11 8 £458 9 4 £458 9 4 Statement op Interest Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. dTo Interest on loans .. .. . . 252 4 0 By Interest on bills of sale .. .. f39 9 11 Less accrued at 31st March, 1923 . . 82 18 5 Loss overdue and accrued at 31st 169 6 1 March, 1923 .. .. .. 96 7 7 Interest on loans accrued but not due .. 82 18 5 43 2 4 Interest on bank balances . . . . . . 2 15 0 Interest on temporary advances to Settlers Branch 69 15 0 Interest on bills of saleOverdue at 31st March, 1924 .. 69 13 11 Accrued but not due at 31st March, 1924.. .. .. .. 34 1 6 103 15 5 Balance transferred to Profit and Loss Account. . 32 16 9 £252 4 0 £252 4 6 Statement of Management Expenses Account for the Year ended 31st March, 1924. Dr. £ s. d. i Cr. , £ s. d. To Administration expenses .. .. 18 5 8j By Release fees .. .. .. .. ..050 Survey fees .. .. .. .. 12 16 0 Balance transferred to Profit and Loss Account .. 30 16' 8 . £31 18 £31 1 8 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.