15

8.—:13

FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement op Liabilities and Assets as at 31st March, 1930. Liabilities. £ s. d. £ s. d. Jssefa. £ s. d. Sundry loans .. .. .. 69,598 14 3 Investment Account—Principal owing by mortLess loan liability redeemed and gagors .. .. .. .. .. 33,479 7 9 discharged from Consolidated Properties acquired .. .. .. .. 4,776 611 Fund .. .. .. 6,008 14 3 Temporary advances to Settlers.Branch .. 24,850 0 0 Sinking Fund investments held by Public Debt 63,590 0 0 Redemption Fund .. .. .. .. *765 16 0 Less loan liability redeemed by Interest on mortgages— £ s. d. Public Debt Repayment Ac- Overdue .. .. .. 1,609 4 8 count .. .. .. 5,000 0 0 Accrued .. .. .. 238 19 6 58,590 0 0 —— 1,848 4 2 Liability to Consolidated Fund in terms of sec- Sundry debtors .. .. .. .. 96 6 8 tion 22, Finance Act, 1926 .. .. .. 5,000 0 0 Profit and Loss Account .. .. .. 4,361 17 8 Suspense Account .. .. .. . . 142 6 3 Cash in hand and in bank at 31st March, 1930 .. 299 9 2 Interest on loans — £ s. d. Overdue .. .. .. 1,313 5 8 Accrued . . .. 1,162 3 4 2,475 9 0 Rent accrued .. .. .. .. 37 1 8 Reserve for losses on realization and bad debts .. 4,079 12 3 Sinking Fund .. .. .. . . 152 19 2 £70,477 8 4 £70,477 8 4 * This amount includes the sura of £612 16s. 10(1. 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 .. .. 100 0 0 By Interest Account —Gross profits .. .. 439 4 1 Expenses of realization of assets .. .. 23 10 3 Balance —Loss for the year .. .. .. 248 4 7 Loss on realization of securities .. .. 563 18 5 £687 8 8 £687 8 8 £ s. d. £ s. d. To Balance as at 31st March, 1929 .. .. 4,113 13 1 By Balance .. .. .. .. .. 4,361 17 8 Loss for the year .. .. .. .. 248 4 7 £4,361 17 8 £4,361 17 8 Interest Account for the Year ended 31st March, 1930. D r £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 2,346 17 0 By Interest on mortgages .. .. 1,693 2 5 Less accrued at 31st March, 1929 1,162 3 4 Interest on mortgages — 1,184 13 8 Overdue at 31st March, 1930 .. 1,609 4 8 Interest on loans accrued but not due .. 1,162 3 4 Accrued at 31st March, 1930 .. 238 19 6 Balance —Gross profits transferred to Profit and Loss Account .. .. .. 439 4 1 3,541 6 7 Less interest overdue and accrued at 31st March, 1929 .. 1,855 11 6 1,685 15 1 Interest on bank balances .. .. 3 0 2 Interest on temporary advances to Settlers Branch .. .. .. .. .. 1,097 5 10 £2,786 1 1 ' £2,786 1 1 Management Expenses Account for the Year ended 31st March, 1930. Dr. £ s. d. ! Cr. £ s. d' To Administration expenses . . .. .. 95 0 0 By Balance transferred to Profit and Loss Account .. 100 0 0 Audit Office services .. .. .. .. 5 0 0 £100 0 0 £100 0 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd June, 1930. 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.