13.—1 [PT. IV, SUP.].

GENERAL PURPOSES RELIEF ACCOUNT. Income and Expenditure Account foe the Year ended 31st March, 1928. Expenditure. Income. To Losses written off — £ s. d. £ s. d. By Interest on advances — £ s. d. £ s. d. Waimarino bush-fire relief — Fire relief .. .. .. 1,016 16 4 Principal .. .. .. 949 12 5 Flood relief .. .. .. 284 15 0 Interest .. .. . . 253 18 4 In aid of works of production — 1,203 10 9 Orchardists .. .. .. 45 10 2 Flood relief— Nelson Farmers' Union Lime Co., Principal .. .. . . 360 8 2 Ltd. .. .. .. 192 10 0 Interest .. .. .. 26 510 Cider-manufacturing .. .. 156 10 11. 386 14 0 Mortgage reductions under the De- 1,696 2 5 teriorated Lands Act, 1925—Fire Less Ferngrove Sawmilling Co. 9 9 8 relief.. .. .. .. 450 0 0 1,686 12 9 Remissions of interest under the De- Interest on investments .. .. .. 1,280 11 I teriorated Lands Act, 1925 —Fire Interest on sinking funds .. .. .. 4 010 relief .. .. .. .. 112 10 0 Balance carried down .. .. .. 1,888 7 6 562 .10 0 Interest on loans .. .. .. .. 2,706 17 5 £4,859 12 2 £4,859 12 2 £ s. d. £ s. d. To Balance at 31st March, 1927 .. .. . . 135 5 6 By Unclaimed remittance—Fire relief .. .. 10 0 Balance brought down .. .. .. 1,888 7 6 Interest on sinking funds to 31st March, 1927 .. 101 0 3 Balance .. .. .. .. .. 231 2 0 Transfer of capital losses charged to revenue j Ju1,760 0 7 Transfer of interest written off, to Bad DebtsReserve .. .. .. .. 392 14 2 £2,254 15 0 £2,254 15 0 Balance-sheet as at 31st March, 1928. Liabilities. Assets. Capital— £ s. d. Advances under Appropriation Act, Loan under Appropriation Act, 1918, section 33 1918, section 33, and Public (Waimarino bush-fire relief) .. .. 70,000 0 0 Revenues Act, 1926, section Less— £ s. d. 136 — £ s. d. £ s. d. Written off Appropriation Acts 5,429 11 5 Fire relief .. .. .. 21,145 18 1 Provisionally written off and re- Flood relief .. .. .. 6,659 6 3 ductions under Deteriorated In aid of works of production— Lands Act, 1925 .. .. 1,653 5 1 Orchardists .. .. 716 5 4 7,082 16 6 Murchison Lime Co., Ltd. .. 499 19 9 Nelson Farmers' Union Lime Co. 3,500 0 0 62,917 3 6 Cider-manufacturing .. 4,368 19 10 Interest accrued on debentures .. .. .. 230 2 9 Liability to Consolidated Fund for interest .. 4,100 5 11 36,890 9 3 Reserve for bad debts.. .. .. 1,489 7 6 Less provisionally written off and Realization Suspense Account — Cider-manufac- reductions under the Deterioturing .. .. .. .. .. 1100 rated Lands Act, 1925 .. 1,653 5 I Suspense Account .. .. .. .. 82 16 0 35,237 4 2 Treasury Adjustment Account .. .. .. 4,987 3 3 Sundry debtors for interest— Income and Expenditure Account .. .. 231 2 0 Fire relief .. .. .. 1,607 12 3 Flood relief .. .. .. 352 11 10 In aid of works of production .. 1,120 12 9 j 3,080 16 10 Less provisionally written off and remissions under the Deteriorated Lands Act, 1925 .. 340 1 6 ■ 2,740 15 4 j Interest accrued on advances—Fire relief .. .. .. 195 14 7 Flood relief .. .. . . 58 10 5 In aid of works of production .. 99 0 4 353 5 4 Sundry debtors for rent .. .. .. 8 0 0 Interest accrued on investments .. .. 314 7 9 Investment in Public Debt Redemption Fund .. .. .. .. 105 1 1 Property Account—Cider-manufac-turing .. .. .. .. 4,987 5 2 Cash in State Advances .. .. 765 14 11 Cash in Public Account .. .. 4,537 7 2 5,303 2 I Investment Account .. .. .. 25,000 0 0 £74,049 0 11 ' £74,049 0 11 r A. D. Park, E.1.A.N.Z., Accountant to the Treasury. 24th August, 1928. I hereby certify that the Income and Expenditre Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. The following comment is appended : Interest on the amount held in the Public Debt Redemption Fund has been compounded, whereas there is no statutory provision therefor.—J. H. Fowler, Deputy Controller and Auditor-General.

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