B.—l [PT. IY, SUP.] .

STATE ADVANCES OFFlCE—continued. FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT—continual. Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. £ s. d. £ s. d To Interest on loans .. .. 2,601 3 0 Cr. Less accrued at 31st March, 1926 1,295 1 4 By Interest on mortgages .. 1,945 13 2 1,306 I 8 Less overdue and accrued at Interest on loans accrued but not due .. 1,271 6 8 31st March, 1926 .. 1,934 4 8 Balance—Gross profits transferred to Profit and 11 8 6 Loss Account .. .. .. .. 39 16 4 Interest on bank balances .. .. 15 0 0 Interest on temporary advances to Settlers Branch .. .. 566 10 10 Interest on mortgages— Overdue at 31st March, 1927 1,666 6 9 Accrued but not due at 31st March, 1927 .. .. 357 18 7 2,024 5 4 £2,617 4 8 : £2,617 4 8 Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s . rl. To Administration expenses .. .. .. 95 0 0 By Balance transferred to Profit and Loss Account .. 100 0 0 Audit Office services .. .. .. .. 5 0 0 £100 0 0 £100 0 0 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. Note.—ln 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. The Profit and Loss Account set out above reveals a loss for the year of £110 Is. lid., hence no provision by the account could be made for redemption of loan liability.—A. A. Prichard, Deputy Superintendent. COLD-STORAGE ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. £ s. d. Assets. £ s . d. Sundry loans .. .. .. 82,750 0 0 Investment Account —Principal owing by mortLess loan liability redeemed and gagors .. .. .. ~ .. 41,760 5 0 discharged from Consolidated Temporary advances to Settlers Branch .. .. 30,920 0 0 Fund .. .. .. 7,500 0 0 Interest on mortgages— £ s. d. Overdue .. .. .. 863 19 5 75,250 0 0 Accrued . . .. .. 742 7 4 Less loan liability redeemed by 1,606 6 9 Public Debt Repayment Ac- Sundry debtors .. .. ~ .. 547 io 0 count .. .. .. 980 0 0 Profit and Loss Account .. .. .. 698 12 9 74,270 0 0 Cash in hand and in bank at 31st March, 1927 .. 317 4 Liability to Consolidated Fund in terms of section 22, Finance Act, 1926 .. .. .. 980 0 0 Less Sinking Fund recouped to Consolidated Fund .. .. 926 2 8 53 17 4 Interest on loans— Overdue .. .. .. 417 16 6 Accrued .. .. .. 247 8 0 665 4 6 Reserve for losses on realization and bad debts.. 547 10 0 £75,536 11 10 £75,536 11 10 Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s . f i. To Management Expenses Account .. .. 115 0 0 By Interest Account—Gross profits .. .. 607 17 6 Losses on realization of securities .. .. 547 10 0 Balance—Loss for the year .. .. .. 54 12 6 £662 10 0 £662 10 0 £ s. d. £ s . a. To Balance as at 31st, March, 1926 .. .. 1,020 5 3 By Sinking Fund invested in Public Debt RedempLoss for the year .. .. .. .. 54 12 6 tion Fund (refunded) .. .. . . 376 5 0 Balance .. .. .. .. .. 698 12 9 £1.074 17 9 £1,074 17 9

127