B.—l [PT. IV, SUP.] .

STATE ADVANCES OFFICE —continued. ADVANCES TO SETTLERS BRANCH —continued. Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Advertising, newspapers, &c. .. .. 16 18 2 By Consent fees .. .. .. .. 25 10 0 Audit Office services .. .. .. 300 0 0 Production fees .. .. .. .. 856 13 9 Cleaning, lighting, heating, and messenger Release fees .. .. .. .. 307 8 6 services .. .. .. .. 460 0 9 Sundry fees .. .. .. .. 8 18 6 Compassionate allowance to Mrs. Foote .. 190 0 0 Balance transferred to Profit and Loss Account 30,426 4 11 Fees paid for special service in respect of securities .. .. .. .. .. 63 18 6 Management charges on New Zealand stock and bonds .. .. .. .. 999 0 9 Meal allowances and overtime .. .. 562 1 0 Office maintenance .. .. .. 137 13 6 Postages and telegrams .. .. .. 906 17 2 Post Office services .. .. .. 1,586 8 6 Printing and stationery .. .. .. 1,729 16 11 Public Service Superannuation Fund contribution .. .. .. .. 298 5 7 Rent .. .. .. .. .. 2,474 8 9 Salaries.. .. .. .. .. 20,273 4 3 Solicitors' costs and Court costs .. .. 23 15 5 Telephones .. .. .. . . 154 1 6 Travelling-expenses .. .. .. 722 5 0 ; Typewriters and adding-machines—Repairs .. 75 19 11 Valuation Department—Agency work .. 650 0 0 £31,624 15 8 £31,624 15 8 - - - A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. 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. —J. H. Fowler, Deputy Controller and Auditor-General. ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. Assets. Sundry loans .. .. .. .. 8,058,022 19 11 Investment Account —Principal owing by mort- £ s. d. Temporary advances from Settlers Branch .. 1,585,000 0 0 gagors .. .. .. .. 9,454,207 15 7 Interest on loans accrued but not due .. 69,833 7 8 Sinking Fund investments held by Advances Advances Suspense Account .. .. 189,496 12 1 Office Sinking Fund Account .. .. *84,751 8 8 Fire Loss Suspense Account .. .. 1,355 0 0 Interest on mortgages— £ s. d. Suspense Account .. .. .. 4,416 10 7 Overdue.. .. .. 42,159 2 5 Income-tax Suspense Account .. .. 1,529 1 6 Accrued.. .. .. 109,543 10 9 Sundry creditors .. .. .. .. 976 5 6 151,702 13 2 Reserve for bad debts .. .. .. 188 9 9 Interest on temporary investments accrued .. 1,416 0 6 Sinking Fund .. .. .. .. 63,660 0 9 Sundry debtors .. .. 513 0 4 Loan Charges Account .. .. .. 246,834 11 3 Profit and Loss Account .. .. .. 32,975 0 9 Cash in hand and in bank at 31st March, 1927 2,077 17 6 £9,974,478 7 9 £9,974,478 7 9 * Tlus amount includes the sum of £21,091 7s. lid. capital paid into the Advances Office Sinking Fund under the provisions of the State Advances Act, 1913, section (3) (c). Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 5,449 14 5 By Interest Account —Gross profits .. .. 14,413 9 6 Losses on realization of securities .. .. 188 9 9 Balance —Net profits for the year .. .. 8,775 5 4 £14,413 9 6 ! £14,413 9 6 £ s. d. £ s. d. To Balance as at 31st March, 1926 .. .. 25,969 1 5 By Net profits for the year .. .. .. 8,775 5 4 Loan-flotation charges written down .. 14,252 3 2 Balance .. .. .. .. 32,975 0 9 Income-tax .. .. .. .. 1,529 1 6 £41,750 6 1 £41,750 6 1

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