B. —1 [PT. IV, SUP.] .

STATE ADVANCES OFFlCE—continued. ADVANCES TO WORKERS BRANCH —continued. Interest Account for the Year ended 31st March, 1927. . Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 328,499 7 0 By Interest on mortgages .. 350,329 10 3 Less accrued at 31st March, Less interest overdue and 1926 .. .. .. 59,450 3 3 accrued at 31st March, 1926 103,575 8 6 269,049 3 9 246,754 1 9 Interest on amounts temporarily transferred Interest on bank balances . .. .. 370 0 0 from other branches .. .. 66,937 6 8 Interest on outstanding payments .. .. 3 19 2 Interest on loans accrued but not due .. 69,833 7 8 Interest on temporary invest- £ s. d. Balance—Gross profits transferred to Profit and ments .. .. 21,911 11 7 Loss Account .. .. .. .. 14,413 9 6 Less accrued at 31st March, 1926 1,924 18 7 19,986 13 0 Interest on temporary investments accrued at 31st March, 1927 ' .. .. .. 1,416 0 6 Interest on mortgages - £ s. d. Overdue at 31st March, 1927 42,159 2 6 Accrued but not due at 31st March. 1927 .. ..109,543 10 9 151,702 13 2 £420,233 7 7 £420,233 7 7 Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To Audit Office services .. .. .. 150 0 0 By Consent fees .. .. .. .. 011 0 Cleaning, lighting, heating, and messenger Cost of preparation of mortgages .. .. 136 12 0 services .. .. .. .. 150 0 0 Inspection fees .. .. .. .. 712 6 Contingencies .. .. .. .. 0 14 Production fees .. .. .. .. 384 9 6 Court costs and solicitor's costs .. .. 7 6 6 Release fees . . .. .. . . 100 9 8 Management charges on New Zealand stock and Balance transferred to Profit and Loss Account 5,449 14 5 bonds .. . . .. .. .. 519 11 10 Post Office services .. .. .. 500 0 0 Postages and telegrams .. .. .. 192 9 5 Printing and stationery .. .. . . 300 0 0 Public Service Superannuation Fund contribution .. .. .. .. .. 40 0 0 Rent .. .. .. .. .. 600 0 0 Salaries .. .. .. .. .. 3,270 0 0 Valuation Department—Agency work .. 350 0 0 £6,079 9 1 £6,079 9 1 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 LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. Assets. Sundry loans .. .. .. .. 2,790,293 11 8 Investment Account —Principal owing by local £ s. d. Loan-moneys —Unexpended balances under sec- bodies .. .. .. •• 2,849,519 6 3 tion 72, Local Bodies' Loans Act, 1913 .. 3,987 12 10 Sinking Fund investments held by Advances Temporary advances from Settlers Branch .. 433,500 0 0 Office Sinking Fund Account .. .. *358,187 13 2 Interest on loans accrued but not due .. 36,554 6 6 Interest on debentures— £ s. d. Sinking Fund .. .. .. .. 129,977 15 7 Overdue.. .. .. 6,341 2 0 Accrued .. .. 24,957 2 0 31,298 4 0 Loan Charges Account .. .. .. 32,831 16 8 Profit and Loss Account .. .. .. 122,238 13 0 Cash in hand and in bank as at 3.lst March, 1927 237 13 6 £3,394,313 6 7 £3,394,313 6 7 » This amount includes the sum of £228,209 17s. 74. capital paid into the Advances Office Sinking Fund under the provisions of the State Advances Act, 1913, section (3) (<•).

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