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LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT; Statement of Liabilities and Assets as at 31st Marcs, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 3,975 0 0 Investment Account—Principal owing by mortInterest on loans accrued but not due .. .. 43 12 3 gagors .. .. .. .. .. 3,453 7 7 Sinking Fund .. .. .. .. 12 3 Sinking Fund investments held by Public Debt Sinking Fund Branch .. .. .. *27 8 6 Interest on mortgages— £ s. d. Overdue .. .. .. 113 3 7 Accrued .. .. .. 412 5 . 117 10 0 Sundry debtors .. .. .. .. 90 14 1 Profit and Loss Account . . .. .. 7 .1.2 0 Cash in. hand and in bank at 31st March, 1924 .. 322 16 4 £4,019 14 6 £4,019 14 0 * This amount Includes the sum of £26 6s. 3d. 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 .. .. 310 9 By Balance—Loss for the year .. .. 316 9 £3 10 9 £3 10 9 £ s. d. £ s. d. To Balance as at 31st March, 1923 .. .. .. 315 3 By Balance .. .. .. .. . . 712 0 Loss for the year .. .. .. 3 16 9 £7 12 0 £7 12 0 Statement of Interest Account for the Year ended 31st March, 1921. Dr. £ s. (I. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 178 17 6 By Interest on mortgages .. .. 89 17 0 Less accrued at 31st March, 1923 . . 43 12 3 Less interest overdue and accrued at 135 5 3 31st Miarch, 1923 .. .. 32 12 3 Interest on loans accrued but not due .. 43 12 3 57 4 9 Interest on mortgages— Overdue at 31st March, 1924 .. 113 3 7 Accrued but not due at 31st M.arch, 1924 .. .. .. 4 1.2 5 . 117 16 0 Balance transferred to Profit and Loss Account .. .. .. . . 316 9 £178 17 6 £178 17 6 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.

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