B.—l [PT. IY, Sup. B].

STATE ADVANCES OFFlCE—continued. COLD-STORAGE ADVANCES ACCOUNT. Statement or Liabilities and Assets as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 75,250 0 0 Investment Account—Principal owing by mortInterest on loans accrued but not due .. .. 247 411 gagors .. .. .. .. .. 42,547 2 9 Sundry creditors .. .. .. .. 376 5 0 Temporary advances to Settlers Branch .. 29,480 0 0 Sinking Eund .. .. .. .. 497 18 4 Sinking Fund investments held by— £ s. d. Public Debt Sinking Fund Branch 1,001 18 4 Public Debt Redemption Eund .. 422 2 8 1,424 1 0* Interest on mortgages— Overdue .. .. .. 1,076 13 5 Accrued .. .. .. 755 10 7 1,832 4 0 Profit and Loss Account .. '.. .. 1,020 5 3 Cash in hand and in bank at 31st March, 1926.. 67 15 3 £76,371 8 3 £76,371 8 3 * This amount includes the sum of £926 2s. Bd. paid into the Sinking 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. Gr. £ s. d. To Management Expenses Account .. .. 115 0 0 By Interest Account—Gross profits .. .. 683 17 1 Balance—Net profits for the year .. .. 568 17 1 £683 17 1 £683 17 1 £ s. d. £ s. d. To Balance as at 31st March, 1925 .. .. 1,212 17 4 By Net profits for the year .. .. .. 568 17 1 Sinking fund invested in Public Debt Redemp- Balance .. .. .. .. .. 1,020 5 3 tion Fund . . . . .. .. 376 5 0 £1,589 2 4 £1,589 2 4 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 .. .. 3,103 8 5 By Interest on mortgages.. .. 2,109 15 0 Less accrued at 31st March, Less overdue and accrued at 1925 .. .. .. 269 5 7 31st March, 1925 .. .. 1,494 8 0 2,834 2 10 615 7 0 Interest on loans accrued but not due .. .. 247 4 11 Interest on bank balances .. .. .. 6 0 0 Balance — Gross profits transferred to Profit Interest on temporary advances to Settlers and Loss Account .. .. .. 683 17 1 Branch.. .. .. .. .. 1,311 13 10 Interest on mortgages— £ s. d. Overdue at 31st March, 1926.. 1,076 13 5 Accrued but not due at 31st March, 1926 .. .. 755 10 7 1,832 4 0 £3,765 4 10 £3,765 4 10 Statement of Management Expenses Account for the Year ended 31st March, 1926. Dr. £ s. d. Gr. £ s. d. To Administration expenses .. .. .. 110 0 0 By Balance transferred to Profit and Loss Account.. 115 0 0 Audit Office services .. .. .. 5 0 0 £115 0 0 £115 0 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24tii June, 1926. E. Robertson, Accountant. I hereby certify tliat 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.

59