B.—l [PT. IY, SUP. B],

STATE ADVANCES OFFlCE—continued. Statement of Interest Account "for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 259,549 16 2 By Interest on mortgages .. 262,652 12 1 Less accrued at 31st March, Less interest overdue and 1925 .. .. .. 53,165 16 2 accrued at 31st March, 1925 79,836 11 0 206,384 0 0 182,816 1 1 Interest on amounts temporarily transferred Interest on bank balances .. .. .. 274 8 9 from Settlers Branch .. .. .. 24,430 13 8 Interest on outstanding payments .. .. 115 9 Interest on loans accrued but not due .. 59,450 3 3 Interest on temporary invest- £ s. d. ments .. .. 9,586 16 4 Less accrued at 31st March, 1925 .. .. .. 8,085 13 3 1,501 3 1 Interest on temporary investments accrued at 31st March, 1926 .. .. .. 1,924 18 7 Interest on mortgages — £ s. d. Overdue at 31st March, 1926 25,457 5 8 Accrued but not due at 31st March, 1926 .. .. 78,118 210 103,575 8 6 Balance transferred to Profit and Loss Account 171 1 2 £290,264 16 11 £290,264 16 11 Statement of Management Expenses Account for the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d. To Audit Office services .. .. .. 150 0 0 By Consent fees .. .. .. .. 110 6 Cleaning, lighting, heating, and messenger Cost of preparation of mortgages .. .. 123 14 6 services .. .. .. .. 150 0 0 Production fees .. .. .. .. 446 8 6 Court costs .. .. .. .. 5 12 0 Belease fees .. .. .. .. 123 19 6 Management charges on New Zealand stock and Sundry fees .. .. .. .. 9 7 0 bonds .. .. .. .. .. 463 3 11 Balance transferred to Profit and Loss Account 5,317 12 1 Post Office services .. .. .. 500 0 0 Postages and telegrams .. .. .. 194 16 2 Printing and stationery .. .. .. 300 0 0 Public Service Superannuation Fund contribution .. .. .. .. .. 75 0 0 Rent .. .. .. .. .. 600 0 0 Salaries .. .. .. .. .. 3,234 0 0 Valuation Department—Agency work .. 350 0 0 £6,022 12 1 £6,022 12 1 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24th June, 1926. R. Robertson, 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 Audi tor-General.

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