8.—13

10

ADVANCES TO | LOCAL AUTHORITIES BRANCH. Statement op Liabilities and Assets as at 31st March, 1930. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 2,778,690 15 7 Investment Account—Principal owing by local Loan-moneys—Unexpended balances under sec- bodies .. .. .. .. .. 2,668,527 4 0 tion 72, Local Bodies' Loans. Act, 1913 .. 3,987 12 10 Sinking Fund investments held £ s. d. Temporary from Settlers Branch .. 43,000 0 0 by Advances Office Sinking Income-tax Suspense Account .. .. 436 4 0 Fund Account .. .. 171,718 12 9 Interest on loans accrued but not due .. 32,360 12 11 Less redemption of loan- £ s. d. moneys during the year .. 11,602 16 1 Sinking Fund .. .. 171,718 12 9 " 160,115 16 8 Less amount of loan-moneys Interest on debentures— redeemed from Adva.nces Overdue .. .. .. 2,702 2 7 Office Sinking Fund Ac- Accrued .. .. .. 23,568 14 10 count during the year .. 11,602 16 1 26,270 17 5 160,115 16 8 Sundry debtors .. .. .. .. 22 10 1 Loan Charges Account .. .. .. 29,58822 Profit and Loss Account .. .. .. 130,679 18 6 Cash in hand and in bank at 31st March, 1930 3,386 13 2 £3,018,591 2 0 £3,018,591 2 0 Profit and Loss Account for the Year ended 31st March, 1930. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 1,401 6 9 By Interest account—Gross profits .. .. 3,566 17 10 Loan-flotation charges written down .. 1,081 4 10 Income-tax .. .. .. .. 436 4 0 Balance—Net profits for the year .. .. 648 2 3 £3,566 17 10 £3,566 17 10 Dr. £ s. d. Or. £ s. d. To Balance as at 31st March, 1929 .. .. 142,930 16 10 By Net profits for the year .. .. .. 648 2 3 Sinking Funds set free to redeem loan-moneys— Amount transferred from Sinking Fund .. 11,602 16 1 Balance .. .. .. .. 130,679 18 6 £142,930 16 10 £142,930 16 10 Interest Account for the Year ended 31st March, 1930. Dr. £ s. d. £ s. d. "Cr. £ s. d. £ s. d. To Interest on loans .. .. 107,158 16 6 By Interest on debentures .. 113,345 6 7 Less accrued at 31st March, Less overdue and accrued at 1929 .. .. .. 35,893 18 8 31st March, 1929 .. 27,822 1 7 71,264 17 10 85,523 5 0 Interest on amounts temporarily transferred Interest on bank balances .. .. 31 12 10 from Settlers Branch .. .. .. 4,633 6 8 Interest on debentures — Interest on loans accrued but not due .. 32,360 12 11 Overdue at 31st March, 1930 2,702 2 7 Balance—Gross profits transferred to Profit Accrued but not due at 31st and Loss Account .. .. .. 3,566 17 10 March, .1930 .. .. 23,568 14 10 26,270 17 5 £111,825 15 3 £111,825 15 3 Management Expenses Account for the Year ended 31st March, 1930. Dr. £ s. d. I Cr. £ s. d. To Audit Office services .. .. .. 50 0 0 By Balance transferred to Profit and Loss Account 1,401 6 9 Cleaning, lighting, heating, and messenger services .. .. .. .. .. 30 0 0 j Management charges—New Zealand stock and bonds .. .. .. .. .. 454 6 9 Postages and telegrams .. .. .. 40 0 0 Post Office services .. .. .. 50 0 0 Printing and stationery .. .. .. 50 0 0 Public Service Superannuation Fund contribution 20 0 0 Rent .. .. .. .. .. 100 0 0 Salaries .. .. .. .. .. 607 0 0 £1,401 6 9 | £1,401 6 9 — — i 1 1 rWm. Waddel, Superintendent. State Advances Office, Wellington, 23rd June, 1930. 11. 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. P. C. Campbell, Controller and Auditor-General.