B.—l [PT. IY, Sup.] .

STATE ADVANCES OFFICE —continued. ADVANCES OFFICE SINKING FUND ACCOUNT—continued. Interest Account foe the Year ended 31st March, 1927. Dr. Cr. To Interest on investments — Transferred to £ s. d. By Interest on loans to — £ s. d. £ s. d. Sinking Fund Account .. .. .. 93,869 19 5 Settlers .. .. .. 48,482 13 8 Workers .. .. .. 3,199 19 6 Local bodies .. .. 18,433 5 3 70,115 18 5 Less overdue and accrued at 31st March, 1926 .. ..24,932 19 3 45,182 19 2 Interest on bank balances .. .. 110 0 0 Interest on temporary advances to Settlers Branch 21,416 13 4 Interest overdue at 31st March, 1927, on loans to — £ s. d. Settlers .. .. 6,600 7 5 Workers .. .. .. 410 12 7 Local bodies .. .. 3,093 13 9 10,104 13 9 Interest accrued at 31st tylarch, 1927, on loans to — Settlers .. .. .. 12,765 15 0 Workers .. .. .. 781 16 2 Local bodies .. 3,508 2 0 17,055 13 2 £93,869 19 5 £93,869 19 5 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. MISCELLANEOUS BUSINESS BRANCH. HOUSING ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. Assets. Sundry loans —• £ s. d. £ s. d. Investment Account: Principal Debentures .. .. .. 412,388 9 4 owing on— £ s. d. £ s. d. Expenditure from Public Works Dwellings purchased .. 464,201 111 Fund .. .. .. 319,918 1 7 Sections purchased .. 4,213 10 11 Advances.. .. .. 408 10 4 732,306 10 1J Loans on mortgage .. 386 17 8 Less loan-moneys redeemed 469,210 0 10 and discharged from Con- Temporary advances to Settlers Branch .. 64,100 0 0 solidated Fund .. .. 19,468 9 4 Advances to Railway Department for erection of 712,838 1 7 Hutt Valley dwellings .. .. .. 80,507 0 0 Sundry creditors .. .. .. 1,131 15 1 Completed dwellings .. .. .. .. 10,774 4 4 Suspense Account .. .. .. 4,92830 Dwellings let .. .. .. .. 24,354 5 6 Interest on loans— Freehold land .. . . .. .. 46,433 0 8 Overdue .. .. .. 17,357 4 7 Sinking Fund recouped to Consolidated Fund Accrued .. .. .. 4,000 9 2 (from capital) .. .. .. .. 3,354 19 10 21,357 13 9 Insurance Fund investment held by Settlers Insurance Fund .. .. .. 4,183 5 0 Branch .. .. .. .. .. 4,183 5 0 Reserve for losses on realization and bad debts .. 6,716 14 11 Sundry debtors .. .. .. .. 75117 Interest on dwellings and land— £ s. d. Overdue .. .. .. 7,085 17 3 Accrued .. .. .. 81 5 9 7,167 3 0 Rent overdue .. .. .. .. 1,630 0 11 Insurance premiums^— Overdue .. .. .. 535 8 4 Paid in advance .. .. 439 7 0 974 15 4 Profit and Loss Account .. .. .. 37,143 16 2 Cash in hand and in bank at 31st March, 1927 .. 572 0 2 £751,155 13 4 £751,155 13 4

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