B.—l !PT. IV

REPATRIATION. Interest Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest paid to Treasury .. 5,269 16 0 By Interest on bills of sale .. 5,363 2 6 Interest due to Treasury over- Interest on bills of sale overdue at 31st March, 1926 .. 10.535 1 0 due at 31st March, 1926 .. 10,535 1 0 15,804 17 0 15,898 3 6 Less interest due to Treasury Less overdue at 31st March, overdue at 31st March, 1925 11,321 5 10 1925 .. .. 11,321 5 10 4,483 11 2 —— 4,576 17 8 Less realizations (interest) 238 8 8 4,338 9 0 Interest on temporary investments .. .. 136 2 2 Interest on bank balances .. .. . . 9 0 0 £4,483 11 2 £4,483 11 2 Management Expenses Account for the Year ended 31st March, 1926. Dr. £ s. d. Gr. £ s. d. To Audit Office services .. .. .. 175 0 0 By Sundry fees .. .. .. .. 118 11 Cleaning and messenger services .. .. 65 0 0 Balance recouped in accordance with section 13 Commission .. .. .. .. 1496 (3) of the State Advances Amendment Act, Postages and telegrams .. .. .. 501 19 11 1922 .. .. .. .. .. 5,641 410 Post Office services .. .. .. 650 0 0 Printing and stationery .. .. .. 400 1 6 Rent .. .. .. .. .. 250 0 0 Salaries .. .. .. .. .. 3,500 0 0 Solicitor's costs and Court costs . . .. 65 12 10 Training subsidy .. .. .. .. 2100 £5,643 3 9 £5,643 3 9 Statement of Liabilities and Assets as at 31st March, 1926. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Liability to Loans Redemption Account as at Investment Account — 31st March, 1925 .. .. .. 1,302,483 11 10 Principal owing by mortgagors 418,337 11 1 Plus amount written off as irrecoverable Less reserve for bad debts 11,175 17 4 subsequently recovered .. .. .. 1,625 0 0 407,161 13 9 1,304,108 11 10 Less Suspense adjustments 146 1 6 Less overdue and accrued at 407,015 12 3 31st March, 1925 — Buildings and farm assets .. .. .. 7,773 1 7 £ s. d. Losses in Suspense .. .. .. .. 13,609 6 0 Interest .. .. 12,354 5 3 Interest on mortgages overdue .. .. 10,535 1 0 Principal .. .. 4,495 19 11 Cash in hand and in bank at 31st March, 1926 .. 6,622 0 10 16,850 5 2 Liability as at Ist April, 1925 .. .. 1,287,258 6 8 Less repayments during year ended 31st March, 1926 .. .. .. .. 53,754 0 5 1,233,504 6 3 Less expenditure irrecoverable to 31st March, 1925 815,634 7 7 Management expenses for the year ended 31st March, 1926 .. .. 5,641 4 10 819,275 12 5 414,228 13 10 Treasury— Principal .. .. 5,605 11 3 Interest .. .. 915 13 3 6,521 4 6 Suspense Account .. .. .. 100 16 4 Depreciation reserve for buildings .. .. 560 0 0 Writings off Suspense .. .. .. 13,609 6 0 Interest on advances from War Expenses Account, overdue .. .. .. 10,535 1 0 £445,555 1 8 £445,555 1 8 State Advances Office, Wellington, Bth February, 1927. Robt. 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.— G. F. C. Campbell, Controller and Auditor-General.

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