B.—l [PT. IY, SUP.] ,

STATE ADVANCES OFFlCE—continued. ADVANCES TO LOCAL AUTHORITIES BRANCH—continued. Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. Tn Balance —Interest Account .. .. 9,646 8 7 By Balance—Loss for the year .. .. 10,848 2 7 Management Expenses Account .. .. 1,201 14 0 £10,848 2 7 £10,848 2 7 £ s. d. £ s. d. To Balance as at 31st March, 1926 .. .. 110,589 10 5 By Balance .. .. .. .. 122,238 13 0 Loan-flotation charges written down . . 801 0 0 Loss for the y ear .. .. .. 10,848 2 7 £122,238 13 0 £122,238 13 0 Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. Cr. £ g. d. £ s. d. To Interest on loans .. 103,772 611 By Interest on debentures .. 118,260 910 Less accrued at 31st Less overdue and accrued March, 1926 .. 36,554 6 6 at 31st March, 1926 .. 33,248 12 2 67,218 0 5 85,011 17 8 Interest on amounts temporarily transferred Interest on bank balances .. .. 45 0 0 from Settlers Branch .. .. .. 22,229 3 4 Interest on debentures— Interest on loans accrued but not due .. 36,554 6 6 Overdue at 31st March, 1927 6,341 2 0 Accrued but not due at 31st March, 1927 .. 24,957 2 0 31,298 4 0 Balance transferred to Profit and Loss Account 9,646 8 7 £126,001 10 3 £126,001 10 3 Management Expenses Account for the Year ended 3Lst March, 1927. Dr. ■■■£■■• S. d. I Cr. £ s , a. To Audit Office services .. .. .. 50 0 0 By Balance transferred to Profit and Loss Account 1,201 14 0 Cleaning, lighting, heating, and messenger services .. .. .. .. .. 30 (I II Management charges, New Zealand stock and bonds .. .. .. .. .. 151 14 0 Post Office services .. .. .. 25 0 0 Postages and telegrams .. .. .. 25 0 0 j Printing and stationery .. .. .. 125 0 0 Public Service Superannuation Fund contribution .. .. .. .. .. 17 0 0 Rent .. .. .. .. .. 100 0 0 Salaries .. .. .. .. .. 678 0 0 £1,201 14 0 £1,201 14 0 A. A. Pricjtard, 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.- ,1. H. Fowler, Deputy Controller and Auditor-General. PUBLIC DEBT SINKING FUNDS BRANCH. Statement of Ltathltttes and Assets as at 31st March, 1927. Liabilities. Assets. Sinking Fund created under the provisions of £ s. d. Investment Account—Principal owing on loans the Public Debt Extinction Act, 1910 .. 3,258,955 19 4 to— £ s , c j. £ a f ] Advances Suspense Account .. .. 2,175 0 0 Settlers .. .. 1,009,435 2 2 Fire Loss Suspense Account.. .. .. 1,002 0 0 Workers .. .. 70,426 13 7 Suspense Account .. .. .. 233 19 4 Local bodies .. .. 2, 1 1 Sundry creditors —Interest due to Consolidated 3 232 342 10 Fund in accordance with section 12 (a) of the Temporary advances to Settlers Branch . . 40 000 0 0 Repayment of the Public Debt Act, 1925 .. 10,122 10 11 Sundry debtors .. .. .. .. '15 9 6 Interest due to Treasury, overdue and accrued 44,047 17 0 Interest overdue on loans to— £ s. d. Settlers .. .. 4,421 18 1 Workers .. ~ 237 2 4 Local bodies .. .. 4,434 3 6 9,093 3 11 Interest accrued on loans to — Settlers .. .. 12,546 12 1 Workers .. .. 847 16 2 Local bodies .. .. 21,560 4 10 34,954 13 1 Cash in hand and in bank at 31st March, 1927. . 131 3 3 £3,316,537 6 7 £3,316,537 6 7

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