B.—l [FT. IV, SUP. B].

STATE ADVANCES OFFlCE—continued. ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 2,785,529 9 5 Investment Account —Principal owing by local Loan-moneys—Unexpended balances under sec- bodies .. .. .. .. .. 2,864,919 1 7 tion 72, Local Bodies' Loans Act, 1913 .. 3,987 12 10 Sinking Fund investments held by Advances Temporary advances from Settlers Branch .. 441,500 0 0 Office Sinking Fund Account .. .. *342,261 15 2 Suspense Account .. .. .. .. 1,431 13 10 Interest on debentures — £ s. d. Interest on loans accrued but not due .. 36,554 6 6 Overdue .. .. .. 8,330 10 0 Sinking Fund .. .. .. .. 114,051 17 7 Accrued .. .. .. 24,918 2 2 33,248 12 2 Loan Charges Account .. .. .. 28,868 14 5 Profit and Loss Account .. .. .. 110,589 10 5 Cash in hand and in bank as at 31st March, 1926 3,167 6 5 £3,383,055 0 2 £3,383,055 0 2 * This amount includes the sum of £228,209 17s. 7d., 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. Cr. £ s. d. To Balance—lnterest Account .. .. 6,772 7 1 By Balance —Loss for the year .. .. 7,954 2 7 Management Expenses Account .. .. 1,181 15 6 £7,954 2 7 £7,954 2 7 £ s. d. £ s. d. To Balance as at 31st March, 1925 .. .. 101,834 710 By Balance .. .. .. .. 110,589 10 5 Loan-flotation charges written down .. 801 0 0 Loss for the year .. .. .. 7,954 2 7 £110,589 10 5 £110,589 10 5 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 .. .. 103,451 17 8 By Interest on debentures .. 111,275 14 10 Less accrued at 31st March, Less overdue and accrued 1925.. .. .. 36,385 16 7 at 31st March, 1925 .. 29,384 0 6 67,066 1 1 81,891 14 4 Interest on amounts temporarily transferred Interest on bank balances .. .. 47 1 0 from Settlers Branch .. .. .. 18,339 7 0 Interest on debentures— Interest on loans accrued but not due .. 36,554 6 6 Overdue at 31st March, 1926 8,330 10 0 Accrued but not due at 31st March, 1926 .. .. 24,918 2 2 33,248 12 2 Balance transferred to Profit and Loss Account 6,772 7 1 £121,959 14 7 £121,959 14 7 Statement of Management Expenses Account for the Year ended 31st March, 1926. Dr. £ s. d. Cr. £ a. d. To Audit Office services .. .. .. 50 0 0 By Balance transferred to Profit and Loss Account 1,181 15 6 Cleaning, lighting, heating, and messenger services .. .. .. .. .. 30 0 0 Management charges, New Zealand stock and bonds .. .. .. .. .. 151 15 6 Post Office services .. .. .. 25 0 0 Postages and telegrams .. .. .. 25 0 0 Printing and stationery .. .. .. 125 0 0 Public Service Superannuation Fund contribution .. .. .. .. .. 20 0 0 Rent 100 0 0 Salaries .. .. .. .. •. 655 0 0 £1,181 15 6 £1,181 15 6 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 Auditor-General.

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