8.—13

Interest Account foe the Yeae ended 31st Maech, 1927. Dr. Or. 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 March, 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. Peichaed, Deputy Superintendent. iState Advances Office, Wellington, 30tli June, 1927. R. Robeetson, 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 Fowlee, Deputy Controller and Auditor-General.

MISCELLANEOUS BUSINESS BRANCH. HOUSING ACCOUNT. Statement of Liabilities and Assets as at 31st Maech, 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 11 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 .. .. .. .. 751 1 7 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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