13

8.—13

HOUSING ACCOUNT. Statement ok Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ 8. d. Sundry loans— £ s. d. Investment Account—Principal Debentures .. .. 412,400 0 0 owing on— £ s. d. Expenditure from Public Works Dwellings purchased .. 082,714 13 8 Fund .. .. .. 319,918 1 7 Sections purchased .. .. 5,635 911 732,318 1 7 Advances.. .. .. 812 19 7 Temporary advances from Settlers Branoh .. 115,000 0 0 689, .163 3 2 Suspense Account .. .I 1 ' .." .. 4,364 3 2 Completed dwellings .. .. .. .. 16,076 510 Sundry creditors .. .. .."' .. 2,410 3 9 Dwellings let. . .. .. .. .. 34,590 17 II Interest on loans accrued but not due .. .. 4,525 2 0 Uncompleted contracts .. .. .. 1,860 12 O Insurance Fund .. .. .. .. 2,000 0 0 Freehold land .. .. .. .. 53,287 16 8 Sinking Fund .. .. .. .. 107 14 7 Properties aoquired .. .. .. .. 4,294 (i 0 Reserve for losses on realization and bad debts.. 20,094 7 5 Sinking Fund investments held by Public Debt Sinking Fund Branch .. .. .. *2.727 17 3 Insurance Fund investment .. .. .. 2.000 0 0 Sundry debtors . . . . .. .. 298 7 2 Interest on dwellings and land— Overdue .. .. .. 4,238 15 4 Accrued .. .. .. 134 4 2 . 4,372 19 li Rent overdue .. . . .. 642 8 0 Insurance premiums— Overdue .. .. .. 369 11 I Paid in advance .. .. 723 7 6 - 1,093 I 10 Realization Account .. .. .. .. 16,780 16 IO Profit and Loss Account .. .. .. 52,818 14 I Cash in hand and in bank at 31st March, 1924 .. 6,812 6 3 £886,825 12 6 £886,825 12 6 * This amount includes the sum of £2,620 2s. Btl. capital paid into the sinking fund in accordance with the Public Debt Extinction Act, 1010. Statement op Profit and Loss Account por the Year ended 31st March, 1921. Dr. £ s. d. i Cr. £ s. d. To Management Fxpenses Account .. .. 3,021 7 2 By Interest Account—Cross profits .. .. 3,386 12 3 Dwellings maintenance .. .. .. 1,146 0 8'• Sale of land and dwellings .. .. 1.702 12 4 Expenses of realization of assets .. .. 1,347 18 5 Balance —loss for the year .. .. 369 1 8 £5,518 6 3 £5,518 0 3 £ s. d. £ s. d. To Balance as at 31st March, 1923 .. .. 52,195 10 11 By Balance .. .. .. .. 52,818 14 I Income-tax .. .. .. .. 254 I (i Loss for the year . . .. . . 309 I 8 £52,818 14 1 £52,818 14 1 Statement of Interest Account por the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. .. 26,847 210 By Interest on dwellings anil land 33,213 13 10 Interest on temporary advances from Settlers Less overdue and accrued at Branch .. .. .. .. 063 19 10 31st March, 1924 .. 2,170 1 5 Interest on loans accrued but not due .. 4,525 2 0 31,043 12 5 Balance —Gross profits transferred to Profit Interest on bank balances . . .. .. 6 5 0 and Loss Account .■". .. .. 3,386 12 3 Interest on dwellings and land— Overdue at 31st March, 1924 4,238 15 4 Accrued but not due at 31st March, 1924 .. .. 134 4 2 4,372 19 0 £35,422 10 11 £35,422 16 II Statement oe: Management Expenses Account por the Year ended 31st March, 1921. Dr. £ s. d. | Cr. £ s.Vd. To Advertising .. .. .. .. 27 11 4I By Administration expenses .. .. .. 727 6 4 Audit Office services .. .. .. 250 00 ' Transfer fees .. .'. .. .. 102 0 0 Cartage .. .. .. .. .. 58 16 9 Balance transferred to Profit and Loss Account 3,024 7 2 Cleaning, lighting, heating, and messenger ser- . vices .. .. .. .. .. 15 0 0 Contingencies .. .. ... .. 20 17 3 Fees paid for special services in respect of securities .. .. .. .. 307 17 4 Labour Department services . . . . 583 0 8 Postages and telegrams .. .. .. 24 15 11 Post Office services .. .. .. 25 18 6 | Printing and stationery .. .. ... 250 0 0 Rent .. .. .. •■ •• 51 13 4 Salaries and wages.. .. .. .. 2,212 I 5 Solicitors'costs .. .. .. .. 17 9 0 Travelling-expenses .. . . . . 8 5 0 £3,853 13 0 £3,853 13 6 Wm. Waddel, Superintendent. State x\dvances Office, Wellington, I.lth 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.