8.—13

13

MISCELLANEOUS BUSINESS BRANCH—HOUSING ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1930". Liabilities. Assets. Sundry loans— £ s. d. £ s. d. Investment Account—Principal £ s. d. £ s. d. Debentures .. .. 412,388 9 4 owing on— Expenditure from Public Works Dwellings purchased .. 349,411 1 6 Fund .. .. .. 319,918 1 7 Sections purchased .. .. 3,273 111 I Advances .. .. .. 374 18 8 732,306 10 11 j Loans on mortgage .. .. 13 6 3 Less loan liability redeemed 353,072 8 4 and discharged from Con- Temporary advances to Settlers Branch .. 274,000 0 0 solidated Fund .. .. 19,468 9 4 Hutt Housing Suspense Account .. .. 1,526 0 0 Completed dwellings .. .. .. 15,051 15 4 712,838 1 7 Dwellings let .. .. .. .. 17,257 7 0 Less loan liability redeemed Freehold land .. .. .. .. 24,325 6 5 by Public Debt Repayment Sinking Fund investments held by Public Debt Account .. .. 100 0 0 Redemption Fund .. " .. .. *4,172 12 8 —— 712,738 1 7 Insurance Fund investment held by Settlers Liability to Consolidated Fund in terms of sec- Branch .. .. .. .. .. 5,363 9 1 tion 22, Finance Act, 1926 .. .. .. 100 0 0 Sundry debtors .. .. .. .. 53 2 2 Sundry creditors .. .. .. .. 2,026 1 4 Interest on dwellings and land— £ s. d. Suspense Account .. .. .. .. 664 4 3 Overdue .. ... .. 6,462 9 9 Insurance Fund .. .. .. .. 6,637 12 11 Accrued .. .. .. 46 15 10 Interest on loans— £ s. d. 6,509 5 7 Overdue .. .. .. 16,858 3 4 Rent overdue .. .. .. .. 1,895 6 3 Accrued .. .. .. 3,889 12 5 Insurance premiums— 20,747 15 9 Overdue .. .. .. 432 15 6 Sinking Fund .. .. .. .. 817 12 10 Paid in advance .. .. 321 18 5 Reserve for losses on realization and bad debts .. 9,436 14 5 754 13 11 Realization Suspense Account .. .. 3,299 16 3 Profit and Loss Account .. .. .. 45,400 17 1 Cash in hand and in bank at 31st March, 1930 .. 486 3 0 £753,168 3 1 £753,168 3 1 * This amount includes the sum of £3,354 19s. lOd. capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Profit and Loss Account for the Year ended 31st March, 1930. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 2,241 1 2 By Interest Account —Gross profits .. .. 828 17 6 Dwellings maintenance .. .. .. 2,882 13 1 Balance—Loss for the year .. .. 7,461 17 6 Losses on realization of securities and doubtful securities written down .. .. .. 3,167 0 9 £8,290 15 0 £8,290 15 0 £ s. d. £ s. d. To Balance as at 31st March, 1929 .. .. 37,938 19 7 By Balance .. .. .. .. 45,400 17 1 Loss for the year .. .. .. 7,461 17 6 £45,400 17 1 £45,400 17 1 Interest Account for the Year ended 31st March, 1930. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 28,775 17 10 By Interest on land and dwellings 17,682 810 Less accrued at 31st March, Less overdue and accrued at 1929 .. .. .. 3,890 14 5 31st March, 1929 .. 7,066 1] 3 24,885 3 5 — 10,615 17 7 Interest on loans accrued but not due .. 3,889 12 5 Interest on amounts temporarily transferred Balance —Gross profits transferred to Profit to Settlers Branch .. .. .. 12,444 8 4 and Loss Account .. .. .. 828 17 6 Interest on bank balances .. .. .. 34 1 10 Interest on dwellings and land — £ s. d. Overdue at 31st March, 1930 6,462 9 9 Accrued but not due at 31st March, 1930 .. .. 46 15 10 6,509 5 7 £29,603 13 4 £29,603 13 4 Management Expenses Account for the Year ended 31st March, 1930. Dr. £ s. d. Cr. £ s d. To Audit Office services .. .. .. 115 0 0 By Sundry fees .. .. .. .. 10 12 6 Cleaning, lighting, heating, and messenger Balance transferred to Profit and Loss Account 2,241 1 2 services .. .. .. . . 35 0 0 Fees paid for special services in respect of securities .. .. .. .. 114 3 6 Postages and telegrams .. .. .. 35 0 0 Post Office services .. .. .. 220 0 0 Printing and stationery .. .. .. 25 0 0 Public Service Superannuation Fund contribution .. .. .. .. .. 30 0 0 Rates .. .. .. .. .. 8 18 0 Rent .. .. .. .. .. 100 0 0 Salaries .. .. .. .. 1,297 0 0 Solicitors' costs .. .. .. .. 21122 Valuation Department—Agency work .. 250 0 0 £2,251 13 8 £2,251 13 8 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd June, 1930. R. Robertson, Accountant. I hereby certify that the Balance-sheet and the 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.