8.—1.3

Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 3,010 0 0 By Interest on mortgages .. .. 2,301 14 6 Less accrued at 31st March, 1926 247 4 II Less overdue and accrued at 31st 2,762 15 1 March, 1926 .. .. 1,832 4 0 Interest on loans accrued but not due.. .. 247 8 0 469 10 6 Balance —Gross profits transferred to Profit and Interest on bank balances .. .. .. 15 0 0 Loss Account .. .. .. 607 17 6 Interest on temporary advances to Settlers Branch.. .. .. .. .. 1,527 3 4 Interest on mortgages — £ s. d. Overdue at 31st March, 1927 .. 863 19 5 Accrued but not due at 31st March, 1927 .. .. 742 7 4 1,606 6 9 £3,618 0 7 £3,618 0 7 Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. | Cr. £ s. d. To Administration expenses .. .. .. 110 0 0 i By Balance transferred to Profit and Loss Account .. 115 0 0 Audit Office services .. .. .. .. 5 0 0 £115 0 0 £115 0 0 - I # 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 £54 12s. 6d., hence no provision by the account could be made for the redemption of loan liability.—A. A. Prichard, Deputy Superintendent. FISHING INDUSTRY PROMOTION ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 5,571 19 2 Investment Account —Principal owing on bills of Less loan liability redeemed and sale .. .. .. .. .. 1,229 6 10 discharged from Consolidated Temporary advances to Settlers Branch .. 2,840 0 0 Fund .. .. .. 1,036 19 2 Interest on bills of sale— £ s. d. Overdue .. .. . . 16 8 10 4,535 0 0 Accrued .. .. 15 10 6 Less loan liability redeemed by 31 19 4 Public Debt Repayment Ac- Sundry debtors .. . . .. . . 17 3 2 count .. .. .. 1,060 0 0 Profit and Loss Account .. .. .. 397 9 0 3,475 0 0 Cash in hand and in bank at 31st March, 1927 .. .197 6 1 Liability to Consolidated Fund in terms of section 22, Finance Act, 1926 .. .. .. 1,060 0 0 Less Sinking Fund recouped to Consolidated Fund .. .. 41 3 5 1,018 16 7 Interest on loans — Overdue .. .. .. 152 14 3 Accrued . . .. .. 66 13 7 219 7 10 £4,713 4 5 £4,713 4 5 Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 13 13 4 By Interest Account —Gross profits .. .. 19 1 Balance —Loss for the year .. . . 12 4 3 £13 13 4 £13 13 4 £ s. d. £ s. d. To Balance as at 31st March, 1926 .. .. 1,062 15 0 By Principal moneys written off —Freed from liability 677 10 3 Loss for the year .. .. .. 12 4 3 Balance .. .. . . .. 397 9 0 £1,074 19 3 £1,074 19 3 Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. .. 226 13 6 By Interest on bills of sale .. .. 87 8 0 Less accrued at 31st March, 1926 .. 76 14 9 Less overdue and accrued at 149 18 9 31st March, 1926 .. .. 50 12 7 Interest on loans accrued but not due .. .. 66 13 7 36 15 5 Balance —Gross profits transferred to Profit and Interest on bank balances .. .. 20 0 0 Loss Account .. .. .. .. 19 1 Interest on temporary advances to Settlers Branch 129 6 8 Interest on bills of sale — £ s. d. Overdue at 31st March, 1927 .. 16 8 10 Accrued but not due at 31st March, 1927 .. .. .. 15 10 6 31 19 4 £218 I 5 j £218 1 5

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