8.—13

Management Expenses Account fob the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Advertising, newspapers, &c. .. .. 7 5 8 By Consent fees .. .. .. .. 28 5 0 Audit Office services .. .. .. 390 0 0 Production fees .. . . .. .. 649 1 6 Cleaning, lighting, heating, and messenger Release fees .. . . .. .. 241 16 3 services .. .. .. .. 528 17. 9 Sundry fees .. . . . . .. 7 10 7 Compassionate allowance to Mrs. Wilson .. 83 15 0 Balance transferred to Profit and Loss Account 35,099 11 2 Management charges on New Zealand stock and bonds .. .. .. .. 5,185 7 5 Meal allowances and overtime .. .. 559 16 0 Office maintenance .. .. .. 880 7 7 Postages and telegrams .. .. .. 785 11 5 Post Office services .. .. .. 1,513 14 6 Printing and stationery .. . . .. 231 18 11 Public Service Superannuation Fund contribution .. .. .. .. .. 326 10 11 Rent .. .. .. .. .. 2,424 810 Salaries.. .. .. .. .. 21,375 0 8 Solicitors' oosts and Court costs .. .. 44 5 0 Telephones .. .. .. .. 110 11 9 Travelling-expenses .. .. •. 729 0 0 Typewriters and adding-machines—Repairs .. 199 13 1 Valuation Department—Agency work .. 650 0 0 £36,026 4 6 £36,026 4 6 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. 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. —G. F. C. Campbell, Controller and Auditor-General. RURAL ADVANCES BRANCH. Statement op Liabilities and Assets as at 31st March, 1928. Liabilities. £ s. d. Asset*. £ s. d. Sundry loans .. .. .. .. 543,300 0 0 Investment Account —Principal owing by mortTemporary advances from Settlers Branch .. 270,500 0 0 gagors .. .. .. .. .. 750,946 9 11 Advances Suspense Account .. .. .. 9,260 0 0 Temporary investment .. .. .. 283 10 0 Fire Loss Suspense Account .. .. .. 200 0 0 Interest on mortgages — £ s. d. Suspense Account .. .. .. .. 95 19 3 Overdue .. .. .. 2,030 0 2 Sundry creditors .. .. .. .. 1,206 17 2 Accrued .. .. .. 9,282 2 0 Interest on loans accrued but not due .. 564 18 3 11,312 2 2 Profit and Loss Account .. .. .. 86 10 5 Loan Charges Account .. .. .. 33,899 16 6 Cash in hand and in bank at 31st March, 1928 . . 28,772 6 6 £825,214 5 1 1 £825,214 5 1 ■ - ■ I ===— Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. (1. Cr. £ s. d. To Management Expenses Account .. .. 744 0 0 By Interest Account —Gross profits . . . . 830 10 5 Balance—Net profits for the year .. 86 10 5 £830 10 5 £830 10 5 Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ 3 . d. To Interest on loans .. .. .. 1,206 17 2 By Interest on mortgages .. .. .. 7,472 17 4 Interest on loans accrued but not due . . 564 18 3 Interest on temporary investments .. 24 14 4 Interest on amounts temporarily transferred Interest on bank balances . . .. 37 2 0 from Settlers Branch .. .. .. 16,244 10 0 Interest on mortgages— £ s. d. Balance—Gross profits transferred to Profit Overdue at 31st March, 1928 2,030 0 2 and Loss Account . . .. .. 830 10 5 Accrued but not due at 31st March, 1928 .. .. 9,282 2 0 11,312 2 2 £18,846 15 10 £18,846 15 10 Management Expenses Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s . d. To Audit Office services .. .. .. .. 10 0 0 By Balance transferred to Profit and Loss Account,.. 744 0 0 Cleaning and messenger services .. .. 15 0 0 Postages and telegrams .. .. .. 16 12 6 Post Office services .. .. .. .. 15 0 0 Printing and stationery .. .. .. 125 0 0 Rent .. .. .. .. 85 0 0 Salaries .. .. .. .. .. 275 0 0 Travelling-expenses .. .. .. .. 202 7 6 £744 0 0 £744 o 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. 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. —G. E. C. Campbell, Controller and Auditor-General.

6