B.—l [Pt. IV, Sup. j

STATE ADVANCES OFFlCE—continued. LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT—continued. Profit and Loss Account fob the Yeah ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. 10 0 0 By Interest Account —Gross profits .. 32 1 2 Balance —Net profits for the year .. 22 1 2 £32 1 2 £32 1 2 £ s. d. £ s. d. To Balance as at 31st March, 1926.. .. .. 9 0 6 By Net profits for the year .. .. .. 22 I 2 Balance —Net profits carried forward .. .. 13 0 8 £22 1 2 £22 1 2 Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 76 1 6 By Interest on mortgages .. .. 120 10 0 Less accrued at 31st March, 1920 .. 43 12 3 Interest on mortgages — 32 9 3 Overdue .. .. .. 260 18 0 Interest on loans — Accrued .. .. .. 2 15 7 Overdue .. .. 82 18 6 Accrued .. .. 38 15 4 384 3 7 121 13 10 Less interest overdue and accrued Balance—Gross profits transferred to Profit and at 31st March, 1926 .. .. 230 9 3 Loss Account .. .. .. .. 32 1 2 153 14 4 Interest on temporary loans to Settlers Branch .. 32 911 £186 4 3 £186 4 3 Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. | Or. £ s. d. To Administration expenses .. .. 10 0 0 By Balance transferred to Profit and Loss Account .. 10 0 0 £10 0 0 £10 0 0 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30tli June, 1927. li. 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. Note. —In the absence of statutory authority no provision has been made during the year by this account for redemption of loan liability. —J. H. Fowler, Deputy Controller and Auditor-General. FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 69,598 14 3 Investment Account—Principal owing by mortLcss loan liability redeemed and gagors .. .. .. .. .. 44,613 3 4 discharged from Consolidated Properties acquired .. .. .. .. 4,212 8 6 Fund .. .. .. 6,008 14 3 Temporary advances to Settlers Branch .. 12,790 0 0 Interest on, mortgages— £ s. d. 63,590 0 0 Overdue .. .. .. 1,666 6 9 Less loan liability redeemed by Accrued .. .. .. 357 18 7 Public Debt Repayment Ac- 2,024 5 4 count .. .. .. 5,000 0 0 Sundry debtors .. .: .. .. 60 19 3 58,590 0 0 Profit and Loss Account .. .. .. 4,398 16 7 Liability to Consolidated Fund in Cash in hand and in bank at 31st March, 1927 . . 1,036 9 2 terms of section 22, Finance Act, 1926.. .. .. 5,000 0 0 Less Sinking Fund recouped to Consolidated Fund.. .. 612 16 10 4,387 3 2 Suspense Account ...... 35 17 10 Interest on loans — Overdue .. .. .. 1,298 19 0 Accrued .. .. .. 1,271 6 8 2,570 5 8 Rent accrued .. .. .. .. 37 1 8 Reserve for losses on realization and bad debts .. .. .. 3,515 13 10 £69,136 2 2 £69,136 2 2 Profit and Loss Account foe the Year ended 3.lst March, 1927. Dr. £ s. d. Or. £ s. d. To Management Expenses Account .. .. 100 0 0 By Interest Account—Gross profits .. .. 39 16 4 Expenses of realization of assets A .. 49 18 3 Balance—Loss for the year .. .. .. 110 111 £149 18 3 £149 18 3 £ d. £ g . (1. To Balance as at 31st March, 1926 .. .. 5,803 2 9 By Principal moneys written off —Freed from liability 1,514 8 1 Loss for the year .. .. .. .. 110 1 11 Balance .. .. .. .. .. 4,398 16 7 £5,913 4 8 £5,913 4 S

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