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Interest Account for the Year ended 31st March, 1927. Dr. Gr. To Interest on investments due to Consolidated By Interest on loans to — £ s. d. £ s. d. Fund in accordance with section 12 (a) of the Settlers .. .. 42,803 2 10 Repayment of the Public Debt Act, 1925— £ s. d. Workers .. .. 2,914 3 5 Paid to Treasury .. .. .. .. 138,370 9 1 Local bodies .. .. 97,035 7 7 In hand, 31st March, 1927.. .. .. 10,122 10 11 Overdue and accrued at 31st March, 1927 .. 44,047 17 0 142,752 13 10 Less interest overdue and 192,540 17 0 accrued at 31st March, 1926 41,975 13 1 Less overdue and accrued at 31st March, 1926 41,975 13 1 100,777 0 9 Interest on expenses incurred in protection of 150,565 3 11 securities .. .. .. .. 9311 Interest on bank balances .. .. .. 75 0 0 Interest on temporary advances to Settlers Branch .. .. .. .. 5,656 2 3 Interest overdue at 31st March, 1927, 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 at 31st March, 1927, on loans to— Settlers .. .. 12,546 12 1 Workers _. . .. 847 16 2 Local bodies .. .. 21,560 410 34,954 13 1 £150,565 3 11 £150,565 3 11 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. 11. 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.— •T. H. Fowler, Deputy Controller and Auditor-General.

ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. Assets. Principal received as at 31st Investment Account : PrinciMarch, 1926, with accu- pal owing on loans to— £ s. d. £ s. d. mulated interest from— £ s. d. £ s. d. Settlers .. .. 1,138,089 8 1 Settlers Branch .. .. 1,720,803 13 4 Workers .. .. 71,962 7 7 Workers Branch.. .. 267,983 3 5 Local bodies .. .. 418,611 1 2 Local Authorities Branch .. 342,261 15 2 i 1,628,662 16 10 Temporary advances to Settlers Branch 430,500 0 0 2,331,048 11 11 Sundry debtors .. .. .. 216 10 2 Interest earned for the year Interest overdue on loans to— £ s. d. ended 31st March, 1927 — Settlers .. .. 6,600 7 5 Settlers Branch .. .. 74,175 16 2 Workers .. .. 410 12 7 Workers Branch.. .. 3,768 5 3 Local bodies .. .. 3,093 13 9 Local Authorities Branch.. 15,925 18 0 ]0 104 13 9 Interest accrued on loans to — 2,424,918 11 4 Settlers .. .. 12,765 15 0 Balance—Net profits trans- Workers .. .. 781 16 2 ferred from Settlers Branch 28,837 12 4 Local bodies .. .. 3,508 2 0 —— 17,055 13 2 2,453,756 3 8 Cash in hand and in bank at 31st March, 1927 57,306 9 9 Less redemption of loans— Settlers Branch £126,700 Workers Branch £187,000 313,700 0 0 Total fund as at 31st March, 1927 .. .. 2,140,056 3 8 Advances Suspense Account .. .. 3,790 0 0 £2,143,846 3 8 £2,143,846 3 8

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