127

B. —1 [PT. IV].

STATE ADVANCES OFFICE —continued. RURAL ADVANCES BRANCH. Statement of Liabilities and Assets as at 31st March, 1930. Liabilities. £ s. d. Assets. £ s. d. Bonds issued .. .. .. .. 2,771,200 0 0 Investment Account —Principal owing by mortTemporarv advances from Settlers Branch .. 734,000 0 0 gagors .. .. .. .. 3,230,148 16 5 Advances Suspense Account .. .. 17,093 0 0 Temporary investments .. .. .. 100,085 10 0 Fire Loss Suspense Account .. .. 4,455 0 0 Interest on mortgages — £ s. d. Suspense Account .. .. .. 2,384 11 7 Overdue .. .. 15,324 16 II Income-tax Suspense Account .. .. 3,634 17 0 Accrued .. .. 43,884 19 2 Interest on loans accrued but not due .. 5,650 9 2 59,209 16 1 Profit and Loss Account .. .. .. 7,312 10 11 Sundry debtors .. .. .. .. 24 12 4 Loan Charges Account .. .. .. 148,663 17 5 Cash in hand and in bank at 31st March, 1930 7,599 16 5 £3,545,732 8 8 £3,545,732 8 8 Profit and Loss Account for the Year ended 31st March, 1930. Dr. £ s. d. Gr. £ s. d. To Management Expenses Account .. .. 2,742 0 4 By Interest Account —Gross profits .. .. 20,790 12 7 Loan-flotation charges written down .. 8,744 18 8 Income-tax .. .. .. .. 3,634 17 0 Balance—Net profits for the year .. .. 5,668 16 7 £20,790 12 7 £20,790 12 7 £ s. d. £ s. d. To Balance —Net profits carried forward .. 7,312 10 11 By Balance as at 31st March, 1929 .. .. 1,643 14 4 Net profits for the year .. .. .. 5,668 16 7 £7.312 10 11 £7,312 10 11 Interest Account for the Year ended 31st March, 1930. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on bonds .. .. 97,597 10 4 By Interest on mortgages .. 125,870 4 7 Less accrued at 31st March, Less overdue and accrued at 1929 .. .. .. 3,479 5 5 31st March, 1929 .. 32,163 15 2 94,118 4 11 93,706 9 5 Interest on bonds accrued but not due .. 5,650 9 2 Interest on temporary investments .. 257 510 Interest on amounts temporarily transferred Interest on bank balances .. .. .. 58 5 4 from Settlers Branch .. .. .. 32,672 10 0 Interest on mortgages— £ s. d. Balance —Gross profits transferred to Profit Overdue at 31st March, 1930 15,324 16 11 and Loss Account .. .. .. 20,790 12 7 Accrued but not due at 31st March, 1930 .. .. 43,884 19 2 59,209 16 1 £153,231 16 8 £153,231 16 8 Management Expenses Account for the Year ended 31st March, 1930. Dr. £ s. d. | Gr. £ s. d. To Audit Office services .. .. .. 75 0 0 By Balance transferred to Profit and Loss Account 2,742 0 4 Cleaning, lighting, heating, and messenger services 50 0 0 Postages and telegrams .. .. .. 96 18 10 Post Offices services .. .. .. .. 105 0 0 Printing and stationery .. .. .. 75 0 0 Rent .. .. .. .. .. 205 0 0 Salaries .. .. .. .. .. 2,108 0 0 Solicitors' costs .. .. .. .. 2 16 Travelling-expenses .. .. .. .. 25 0 0 £2,742 0 4 £2,742 0 4 Wm. Waddel, Superintendent. E. Robertson, Accountant. I Jiereby 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.