B.—l [Pt. IV].

31

FRUIT-PRESERVING INDUSTRIES ADVANCES ACCOUNT— continued. (STATE ADVANCES OFFICE.) Balance-sheet as at 31st March, 1923. Sundry loans— £ s. d. £ s. d. Investment Account—Principal owing by mort- £ s. d. Debentures .. .. .. 09,010 0 0 gagors .. .. .. ..' .. 54,528 10 8 Advances from Consolidated Fund 1,589 710 Realization of Assets Account.. .. .. 13,371 17 8 71,199 710 Sinking Fund investments .. .. .. *361 19 7 Sundry creditors .. .. .. 2,528 6 5 Interest on mortgages— £ s. d. Suspense Account .. .. .. 150 0 0 Overdue .. .. 701 13 0 Interest accrued but not dve — Accrued .. .. 401 5 7 On debentures .. .. 1,469 5 0 1,102 18 7 On advances from Consolidated Sundry debtors .. .. .. .. 232 0 0 Fund .. .. .. 353 0 4 Rent accrued .. .. .. .. 28 6 5 1,822 5 4 Profit and Loss Account .. .. .. 9,714 8 1 Reserve for losses on realization and bad debts .. 9,340 0 0 Cash in hand and in bank at 31st March, 1923 .. 5,099 12 7 £85,039 19 7 £85,039 19 7 • This amount represents capital paid into the sinking funds under the provisions of the Publio Debt Extinction Act, 1910. Profit and Loss Account for the Five Months ended 31st March, 1923. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 65 0 0 By Balance —-Loss for the five months .. .. 270 10 0 Balance —Interest Account .. .. .. 187 14 0 Expenses of realization of assets .. .. 17 16 0 £270 10 0 £270 10 0 £ s. d. £ s. d. To Balance as at 31st October, 1922 .. .. 7,711 4 6 By Transfer from Sinking Fund Reserve Account — Loss for the five months .. .. .. 270 10 0 Adjusting sinking funds debited to Profit and Loss Account .. . . .. 267 0 5 Balance .. .. .. .. .. 9,714 8 I '£9,981 14 6 £9,981 14 6 Interest Account for the Five Months ended 31st March, 1923. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans accrued but not By Interest on mortgages .. .. 750 0 0 due .. .. .. 1,469 5 0 Interest on mortgages overdue Less accrued at 31st October, 243 10 5 31st March, 1923 .. 701 13 0 1922 1,225 14 7 Interst on mortgages accrued but Interest on advances from Consolidated Fund not due 31st March, 1923 *.. 401 5 7 accrued .. .. .. .. 29 11 7 1,852 18 7 Less interest overdue and accrued at 31st October, 1922 .. 786 7 5 1,066 11 2 Interest on bank balances .. .. 110 Balance transferred to Profit and Loss Account 187 14 0 £1,255 6 2 £1,255 6 2 Management Expenses Account for the Five Months ended 31st March, 1923. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. 35 0 0 By Balanco transferred to Profit and Loss Account .. 65 0 0 Audit services .. .. .. .. 30 0 0 £65 0 0 £65 0 0 Wm. Waddel, Superintendent. 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.