B.—l [PT. IY, SUP. B]

54

STATE ADVANCES OFFlCE—continued. PUBLIC DEBT SINKING FUNDS BRANCH. Statement of Liabilities and Assets as at 31st March, 1926. Liabilities. £ s. d Assets. Sinking Fund created under the provisions of the • 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 .. .. .. 920,728 0 10 1925 .. .. 3,311,143 13 7 Workers.. .. .. 65,394 19 9 Less amount transferred Local bodies .. .. 2,173,859 11 10 under the provisions of 3,159,982 12 5 section 9, Repayment of Temporary advances to Settlers Branch .. 205,000 0 0 the Public Debt Act, 1925 52,187 14 3 Sundry debtors .. .. .. .. 14 13 3 3,258,955 19 4 Interest overdue on loans to — £ s. d. Advances Suspense Account .. .. 1,110 0 0 Settlers .. .. .. 3,469 4 6 Suspense Account .. .. .. .. 699 15 7 Workers.. .. .. 209 4 5 Sundry creditors—lnterest due to Treasury in Local bodies .. .. 4,748 14 8 accordance with section 12 (a) of Repayment 8,427 3 7 of the Public Debt Act, 1925 .. .. 107,320 311 Interest accrued on loans to— Interest due to Treasury, overdue and accrued 41,975 13 1 Settlers .. .. .. 10,289 011 Workers.. .. .. 1,292 10 10 Local bodies .. 21,966 17 9 — 33,548 9 6 Cash in hand and in bank at 31st March, 1926.. 3,088 13 2 £3,410,061 11 11 £3,410,061 11 11 Statement of Interest Account for the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d. £ s. d. To Interest on Sinking Funds transferred under By Interest on loans to — the provisions of section 9of Repayment of Settlers .. .. 35,597 9 6 Public Debt Act, 1925 .. .. .. 1,621 7 3 Workers.. .. .. 3,080 15 10 Interest on investments due to Local bodies .. .. 97,320 15 4 Treasury— £ s. d. In hand, 31st March, 1926.. 107,320 3 11 135,999 0 8 Overdue and accrued at 31st Less interest overdue and aeMarch, 1926 .. .. 41,975 13 1 crued at 31st March, 1925.. 36,240 1 0 149,295 17 0 99,758 19 8 Interest on bank balances .. .. .. 46 14 3 Interest on temporary advances to Settlers Branch .. .. .. .. 9,135 17 3 Interest overdue at 31st March, 1926, on loans to— £ s. d. Settlers .. .. .. 3,469 4 6 Workers.. .. .. 209 4 5 Local bodies .. .. 4,748 14 8 • 8,427 3 7 Interest accrued at 31st March, 1926, on loans to— Settlers .. .. .. 10,289 0 11 Workers.. .. .. 1,292 10 10 Local bodies .. .. 21,966 17 9 33,548 9 6 £150,917 4 3 £150,917 4 3 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.