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B.—l [Pt. IV] •

FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. (DEPARTMENT OF AGRICULTURE.) Revenue Account for Period Ist April, 1914, to 31st March, 1922. Dr. £ s. d. Cr. £ s. d. To Interest on debentures .. .. 13,095 5 9 By Interest on advances .. .. 14,703 8 3 Interest on advances from Consoli- Interest and rent on realization of dated Fund .. .. . . 281 14 4 assets .. .. .. .. 377 0 3 Realization of Assets Expenses Account — Balance—Loss .. .. .. 8,199 0 0 £ s. d. Evaporators Company.. 58 14 2 Nelson District Fruitpackers .. .. 859 15 11 918 10 1 General Expenses Account .. .. 4 119 Administration charges .. .. 734 17 0 Sinking Fund Reserve Account .. 134 10 1 Reserve for bad and doubtful debts .. 2,994 17 4 Reserve for loss on realization .. 5,115 2 8 £23,279 15 0 £23,279 15 0 Balance-sheet as at 31st March, 1922. Liabilities. £ s. d. Assets. Debentures .. .. .. .. 69,610 0 0 £ s. d. £ s. d. Advances from Consolidated Fund .. 1,589 7 10 Advances under the Act . . 73,850 0 0 Interest accrued —■ £ s. d. Less repayments .. 13,432 3 4 On debentures .. 1,442 9 II ■ On advances from Con- 60,417 10 8 solidated Fund .. 281 14 4 Less reserve for bad and 1,724 4 3 doubtful debts .. 2,994 17 4 Sundry creditors .. .. .. 831 11 4 57,422 19 4 Sinking Fund Reserve Account .. 134 16 1 Realization Account— Land and buildings .. 9,069 13 7 Joint-and-several guarantee .. .. 1,000 0 0 10,069 13 7 Less reserve for loss on realization .. .. 5,115 2 8 4,954 10 11 Interest accrued on advances .. 463 13 6 Sundry debtors— Interest .. .. 934 13 7 Sundries .. .. 551 11 4 1,486 4 11 Treasury Account Sinking Fund .. 134 16 1 Cash in Public Account .. .. 1,228 14 3 Balance from Revenue Account .. 8,199 0 0 £73,889 19 6 £73,889 19 6 A. R. Stone, For Director-General, Department of Agriculture. I hereby certify that the Revenue Account and balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. In the opinion of the Audit Office, however, the asset " Joint-and-several guarantee, £1,000.' appears to be of no value, and the reserve should be increased accordingly. — G. F. C. Campbell, Controller and Auditor-General.