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Statement of Profit and Loss Account foe the Year ended 31st March, 1925. Dr. £ s. d. Gr. £ s. d. To Balance —Interest Account .. .. 8,129 10 5 By Balance—Loss for the year .. .. 9,121 1 0 Management Expenses Account .. .. 991 10 7 £9,121 1 0 £9,121 1 0 £ s. d. £ s. d. To Balance as at 31st March, 1924 .. .. 91,912 610 By Balance .. .. .. .. 101,834 710 Loan-flotation charges written down .. 801 0 0 Loss for the year .. .. .. 9,121 1 0 £101,834 7 10 £101,834 7 10 Statement of Interest Account for the Year ended 31st March, 1925. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 103,195 12 8 By Interest on debentures .. 105,409 2 2 Less accrued at 31st March, Less overdue and accrued 1924 .. .. 36,385 16 7 at 31st March, ]924 .. 26,276 19 7 66,809 16 1 79,132 2 7 Interest on amounts temporarily transferred Interest on bank balances .. .. .. 23 10 3 from. Settlers Branch .. .. .. 13,473 11 1 Interest on debentures — Interest on loans accrued but not due .. 36,385 16 7 Overdue at 31st March, 1925 5,554 9 1 Accrued but not due at 31st March,l92s.. .. 23,829 11 5 29,384 0 6 Balance transferred to Profit and Loss Account 8,129 10 5 £116,669 3 9 £116,669 3 9 Statement of Management Expenses Account for the Year ended 31st March, 1925. Dr. £ s. d. Or. £ s. d. To Audit Office services .. . ■ .... 50 0 0 By Balance transferred to Profit and Loss Account .. 991 10 7 Cleaning, lighting, heating, and messenger services 30 0 0 Management charges, New Zealand stock and bonds 12 411 Post Office services .. .. •. ■ ■ 25 0 0 Postages and telegrams .. .. .. 24 5 8 Printing and stationery .. .. .. 125 0 0 Public Service Superannuation Fund contribution 13 0 0 Rent .. .. .. •• •• 100 0 0 Salaries .. .. ■. . • •. 612 0 0 £991 10 7 £991 10 7 Wm. Waddel, Superintendent. State Advances Office, Wellington, 11th June, 1925. 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. 0. Campbell, Controller and Auditor-General. STATE ADVANCES OFFICE. PUBLIC DEBT SINKING FUNDS BRANCH. Statement of Liabilities and Assets as at 31st March, 1925. Liabilities. Assets. Sinking Fund created under the provisions of the £ s. d. Investment Account: Principal £ s. d. £ s. d. Public Debt Extinction Act, 1910 — owing on loans to — Total fund as at 31st March, £ s. d. Settlers .. .. 666,191 10 2 1924 .. .. 2,961,288 14 8 Workers .. .. 67,691 5 2 Principal received from Local bodies .. .. 2,170,756 13 8 Treasury during the year 216,315 0 0 2,904,639 9 0 Interest earned for the year Temporary advances to Settlers Branch .. 349,000 0 0 ended 31st March, 1925 133,539 18 11 Sundry debtors .. .. .. .. 711 5 3,311,143 13 7 Interest overdue on loans to— £ s. d. Advances Suspense Account .. .. 4,145 0 0 Settlers .. .. 2,283 2 4 Fire Loss Suspense Account .. .. 1,623 0 0 Workers .. .. 186 6 6 Suspense Account .. .. .. .. 1,424 2 3 Local bodies .. .. 3,939 15 9 6,409 4 7 Interest accrued on loans to — Settlers .. .. 7,211 0 11 Workers .. .. 739 17 1 Local bodies .. .. 21,879 18 5 29,830 16 5 Cash in hand and in bank at 31st March, 1925 28,448 14 5 £3,318,335 15 10 £3,318,335 15 10

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