B. 1 [PT. IV, SUP. B

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STATE ADVANCES OFFICE —continued. MISCELLANEOUS BUSINESS BRANCH. HOUSING ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1926. Liabilities. Assets. Sundry loans— £ s. d. £ s. d. Investment Account — Principal £ s. d. £ s. d. Debentures .. .. .. 395,650 0 0 owing on— Expenditure from Public Works Dwellings purchased .. .. 530,782 8 2 Fund .. .. .. 319,918 1 7 Sections purchased .. .. 5,601 0 4 715,568 1 7 Advances .. .. .. 444 10 4 Sundry creditors .. .. .. .. 1,035 7 1 Loans on mortgage .. .. 498 2 4 Suspense Account .. .. .. .. 3,639 2 3 537,326 1 2 Interest on loans accrued but not due .. .. 4,030 8 3 Temporary advances to Settlers Insurance Fund .. .. .. .. 3,984 1 0 Branch .. .. .. .. 51,650 0 0 Sinking Fund .. .. .. .. 394 19 2 Completed dwellings .. .. .. 9,651 8 8 Reserve for losses on realization and bad debts .. 9,602 2 5 Dwellings let .. .. .. .. 27,575 14 5 Uncompleted contracts.. .. .. 1,697 0 0 Freehold land .. .. .. 51,443 8 3 Properties acquired .. .. .. 2,673 6 0 Sinking Fund investments held byPublic Debt Sinking Fund Branch .. .. .. 3,585 14 10 Public Debt Redemption Fund 164 4 2 *3,749 19 0 Insurance Fund investment held by Settlers Branch .. .. .. 3,984 1 0 Sundry debtors . . .. .. 170 13 11 Interest on dwellings and land — Overdue .. .. .. 6,428 10 4 Accrued .. .. .. 107 11 6 6,536 1 10 Rent overdue .. .. .. .. 1,817 8 8 Insurance premiums— Overdue .. .. .. 503 8 0 Paid in advance .. .. 608 2 11 1,111 10 11 Profit and Loss Account .. .. 37,871 14 0 Cash in hand and in bank at 31st March, 1926 .. .. .. 995 13 11 £738,254 1 9 £738,254 1 9 * This amount includes the sum of £3,354 19s. 10d., capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Statement oe Profit and Loss Account for the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d. To Management Expenses Account .. .. 2,571 9 0 By Interest Account—Gross profits .. .. 1,161 6 4 Dwellings maintenance .. .. .. 843 2 10 Sale of land and dwellings .. .. .. 1,754 3 0 Expenses on realization of assets .. .. 4 16 2 Balance—Loss for the year .. .. .. 1,197 18 11 Losses on realization of securities, and doubtful securities written down .. .. .. 694 0 3 £4,113 8 3 £4,113 8 3 £ s. d. £ s. d. To Balance as at 31st March, 1925 .. .. 41,302 13 10 By Interest earned on land and dwellings prior to Loss for the year .. .. .. .. 1,197 18 11 31st October, 1922 (refunded) .. .. 4,628 18 9 Balance .. .. .. .. .. 37,871 14 0 £42,500 12 9 £42,500 12 9 Statement of Interest Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on loans .. .. 29,648 18 3 By Interest on dwellings and land.. 27,987 17 3 Less accrued at 31st March, 1925 4,201 0 5 Less overdue and accrued at 25,447 17 10 31st March, 1925 .. .. 5,221 0 5 Interest on loans accrued but not due .. 4,030 8 3 22,766 16 10 Balance —GroBS profits transferred to Profit and Interest on amounts temporarily transferred Loss Account .. .. .. 1,161 6 4 to Settlers Branch .. .. .. 1,284 17 9 Interest on bank balances .. .. .. 51 16 0 Interest on dwellings and land— £ s. d. Overdue at 31st March, 1926.. 6,428 10 4 Accrued but not due at 31st March, 1926 .. .. 107 11 6 6,536 1 10 £30,639 12 5 £30,639 12 5