129

B.—1 IPT. IV

TATE ADVANCES OFFlCE—continued. ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement of 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-monevs —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 advances from Settlers Branch .. 43,000 0 0 by Advances Office Sinking Income-tax Suspense Account .. .. 430 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 Advances 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 « 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. Cr. £ 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 transf' rred 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. 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 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 Wm. Waddel, Superintendent. 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.

9—B. 1 [PT. IV],