57

B.—l [PT. IY, SUP. B

STATE ADVANCES OFFlCE—continued. HOUSING ACCOUNT —cantinued. Statement of Management Expenses Account for the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s . d. To Advertising .. .. .. .. 10 oßy Administration expenses .. .. .. 157 19 0 Audit Office services .. .. .. 225 0 0 Transfer fees .. .. .. .. 28 0 0 Cleaning, lighting, heating, and messenger Sundry fees .. .. .. .. 0190 services .. .. .. .. 30 0 0 Balance transferred to Profit and Loss Account 2,571 9 0 Fees paid for special services in respect of securities .. .. .. .. .. 284 5 11 Postages and telegrams .. .. .. 24 15 11 Post Office services .. .. .. 225 0 0 Printing and stationery .. .. .. 100 10 6 Public Service Superannuation Fund contribution .. .. .. .. .. 37 0 0 Rates .. .. .. .. .. 10 16 11 Rent .. .. .. .. ... 100 0 0 Salaries .. .. .. .. .. 1,404 0 0 Solicitors' costs .. .. .. .. 18 16 0 Survey fees .. .. .. .. 45 17 6 Travelling-expenses .. .. .. 14 3 Valuation Department—Agency work .. 250 0 0 £2,758 7 0 £2,758 7 0 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. LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1926. Liabilities. £s. d. Assets. £ s. d. Sundry loans .. .. .. .. .. 3,975 0 0 Investment Account—Principal owing by mortInterest on loans accrued but not due .. .. 43 12 3 gagors .. .. .. .. .. 3 225 16 2 Sinking Fund .. ... .. .. 3196 Temporary advances to Settlers Branch .. 465 0 0 Sinking Fund investments held by— £ s. d. Public Debt Sinking Fund Branch.. 35 14 6 Public Debt Redemption Fund .. 112 11 *37 7 5 Interest on mortgages— Overdue .. .; .. 227 1 6 Accrued .. .. .. 3 7 9 230 9 3 Profit and Loss Account .. .. .. 9 0 6 Cash in hand and in bank at 31st March, 1926.. 54 18 5 £4,022 11 9 £4,022 11 9 * This amount includes the sum of 433 7s. lid., capital paid into the Sink jig Fund in accordance with the Public Debt Extinction Act, 1910. Statement of Profit and Loss Account for the Year ended 31st March, 1926. Dr. £ s. d. Or. £ g. d. To Administration expenses .. .. .. 10 00 By Interest Account—Gross profits .. .. 64 6 Balance loss for the year .. .. .. 315 6 £10 0 0 £10 0 0 £ s. d. £ s . d. Xo Balance as at 31st March, 1925.. .. .. 5 5 0 By Balance .. .. .. .. .. 906 Loss for the year .. .. .. . . 315 6 £9 0 6 £9 0 6 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 .. .. .. 178 17 6 By Interest on mortgages .. 89 6 0 Less accrued at 31st March, 1925 .. 43 12 3 Interest on mortgages— 135 5 3 Overdue at 31st March, 1926 .. 227 1 6 Interest on loans accrued but not due .. 43 12 3 Accrued at 31st March, 1926 .. 3 7 9 Balance—Gross profits, transferred to Profit and Loss Account .. .. .. .. 6 4 6 319 15 3 Less interest overdue and accrued at 31st March, 1925 .. .. 157 13 3 162 2 0 Interest on temporary advances to Settlers Branch 23 0 0 £185 2 0 £185 2 0 Statement of Management Expenses Account for the Year ended 31st March, 1926. Dr. £s. d Cr. £ S; d. To Administration expenses .. .. 10 00 By Balance transferred to Profit and Loss Account.. 10 0 0 £10 0 0 £10 0 0 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. B—B.8 —B. 1 [PT. IY, SUP. B].