133

B.—l IPT. IVI.

STATE ADVANCES OFFICE —continued. LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1930. Liabilities. £ s. d. Assets. Sundry loans .. .. .. .. 3,975 0 0 Investment Account—Principal owing by mort- £ s. d. Income-tax Suspense Account .. .. .. 3 7 6 gagors .. .. .. .. .. 2,503 8 8 Interest on loans— £ s. d. Temporary advances to Settlers Branch .. 1,350 0 0 Overdue.. .. .. .. 118 1 8 Sinking Fund investments held by Public Debt Accrued .. .. .. 38 15 5 Redemption Fund .. .. .. .. 42 0 7 15G 17 1 Interest on mortgages— £ s. d. Sinking Fund .. .. .. .. 42 0 7 Overdue.. .. .. .. 291 0 6 Profit and Loss Account .. . . .. 20 15 3 Accrued .. .. .. 0 18 5 291 18 11 Cash in hand and in bank at 31st March, 1930 .. 10 12 3 £4,198 0 5 £4,198 0 5 Profit and Loss Account foe the Yeak ended 31st March, 1930. Dr. £ s. d. Gr. £ s. d. To Administration expenses .. .. 10 0 0 By Interest Account—Gross profits .. .. 25 210 Income-tax .. .. .. .. ..376 Balance—Net profits for the year .. .. 11 15 4 £25 2 10 £25 2 10 £ s. d. £ s. d. To Balance —Net profits carried forward .. 20 15 3 By Balance as at 31st March, 1929 .. .. 819 11 Net profits for the year .. 11 15 4 £20 15 3 £20 15 3 Interest Account for the Year ended 31st March, 1930. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. .. 159 0 0 By Interest on mortgages .. .. 146 10 6 Less accrued at 31st March, 1929 38 15 5 Interest on mortgages— > 120 4 7 Overdue at 31st March, 1930 .. 291 0 6 Interest on loans accrued but not due .. .. 38 15 5 Accrued at 31st March, 1930 .. 0 18 5 Balance—Gross profits transferred to Profit and Loss Account .. .. .. .. 25 2 10 438 9 5 Less overdue and accrued at 31st March, 1929 .. .. 310 7 5 128 2 0 Interest on temporary advances to Settlers Branch 56 010 £184 2 10 £184 2 10 Management Expenses Account for the Year ended 31st March, 1930. Dr. £ s. d. Gr. £ s . d. To Administration expenses .. .. 10 0 0 By Balance transferred to Profit and Loss Account .. 10 0 0 £10 0 0 £10 0 0 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.