51

B.—l TPT. IV, SUP. B

STATE ADVANCES OFFICE —continued. Statement of Management Expenses Account foe the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d. To Advertising, newspapers, &c. .. .. 17 7 4 By Consent fees .. .. .. .. 36 17 0 Audit Office services .. .. .. 300 0 0 Production fees .. .. .. .. 704 6 7 Gleaning, lighting, heating, and messenger Release fees .. .. .. .. 372 1 3 services .. .. .. .. 249 4 0 Balance transferred to Profit and Loss Account 28,527 5 6 Contingencies .. .. .. . . 1 2 10 Pees paid for special services in respect of securities .. .. .. .. 77 14 0 Management charges on New Zealand stock and bonds .. .. .. .. 942 11 10 Meal allowances and overtime .. .. 780 16 0 Office maintenance .. .. .. 191 17 5 Postages and telegrams .. .. .. 605 0 1 Post Office services .. .. .. 1,285 7 0 Printing and stationery .. .. .. 1,325 110 Public Service Superannuation Fund contribution .. .. .. .. 499 19 11 Rent .. .. .. .. .. 2,474 810 Salaries .. .. .. .. .. 19,244 11 10 Solicitor's costs and Court costs .. .. 17 18 2 Telephones .. .. .. .. 97 4 2 Travelling-expenses .. .. .. 094 4 7 Typewriters and adding-machines —Repairs .. 186 0 6 Valuation Department—Agency work .. 650 0 0 £29,640 10 4 £29,640 10 4 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24th June, 1926. R. Kobertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General. ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 6,975,707 5 1 Investment Account—Principal owing by mortTemporary advances from Settlers Branch .. 680,000 0 0 j gagors .. .. .. 7,344,396 10 9 Interest on loans accrued but not due .. 59,450 3 3 Temporary investments .. .. .. 134,628 13 10 Advances Suspense Account .. .. 185,832 0 4 Sinking Fund investments held by Advances Fire Loss Suspense Account .. .. 6 0 0: Office Sinking Fund Account .. .. *80,983 3 5 Suspense Account .. .. .. 230 11 11 Interest on mortgages — £ s. d. Sundry creditors .. .. .. .. 631 14 0 Overdue .. .. .. 25,457 5 8 Reserve for bad debts .. .. .. 87 6 0 Accrued .. .. .. 78,118 2 10 Sinking Fund .. .. .. .. 59,891 15 6 103,575 8 6 Interest on temporary investments accrued .. 1,924 18 7 Sundry debtors .. .. .. .. 332 17 1 Loan Charges Account .. .. .. 254,040 1 1 Profit and Loss Account .. .. . . 25,969 1 5 Cash in hand and in bank at 31st March, 1926 15,986 1 5 £7,961,836 16 1 : £7,961,836 16 1 — I —- * This amount includes the sum of £21,091 7s. lid., capital paid into the Sinking Fund under the provisions of the State Advances Act. Statement of Profit and Loss Account for the Year ended 31st March, 1926. Dr. £ s. d. (Jr. £ s. d. To Balance —Interest Account .. .. .. 171 1 2 By Balance —Loss for the year .. .. .. 5,575 19 3 Management Expenses Account .. .. 5,317 12 1 Losses on realization of securities .. .. 87 6 0 £5,575 19 3 £5,575 19 3 £ s. d. £ s. d. To Balance as at 31st March, 1925 .. .. 6,507 0 9 By Balance .. .. .. .. .. 25,969 1 5 Loan-flotation charges written down .. .. 13,886 1 5 Loss for the year .. .. .. .. 5,575 19 3 £25,969 1 5 £25,969 1 5