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STATE ADVANCES OFFICE. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1931. Liabilities. £ s. d. Assets. Sundry loans .. .. .. .. 20,794,870 8 5 Investment Account — Principal owing by £ s. d. Temporary advances from— £ s. d. mortgagors .. .. .. .. 18 104 104 3 4 Local Authorities Branch 30,000 0 0 Temporary advances to— £ s. d'. Public Debt Sinking Funds Workers Branch ..2,340,000 0 0 Branch .. .. 65,000 0 0 Rural Advances Branch .. 740,000 0 0 Advances Office Sinking 3,080,000 0 0 Fund Account .. 565,000 0 0 Sinking Fund Investments held by Advances Miscellaneous Business Office Sinking Fund Account .. .. 1,736,600 12 1 Branch .. .. 361,250 0 0 Interest on mortgages— £ s. d. 1,021,250 0 0 Overdue .. .. 238,084 511 Amount held for investment on behalf of the Accrued .. .. 242 724 15 8 Housing Insurance Fund .. .. 5,631 12 1 ! 480,809 1 7 Advances Suspense Account .. .. 19,578 9 7 Office furniture and equipment .. .. 6'962 2 6 Fire Loss Suspense Account .. .. 7,360 3 0 Motor-vehicle .. .. .. .. 204 6 0 Income-tax Suspense Account .. .. 7,352 711 Sundry debtors .. .. .. .. 4,229 16 5 Sundry creditors ~ .. .. .. 4,649 3 6 Realization Suspense Account .. .. 611 Interest on loans accrued but not due .. 173,835 15 3 Loan Charges Account .. .. .. 159,687 17 2 Reserve for bad debts .. .. .. 124,852 611 Cash in hand and in bank at 31st March, 1931 223 530 12 9 Sinking Fund .. .. .. .. 1,736,600 12 1 Reserve Fund .. .. .. .. 25,000 0 0 £23,920,980 18 9 £23,920,980 18 9 Profit and Loss Account foe the Year ended 31st March, 1931. Dr. £ s. d. Or. £ g. d. To Management Expenses Account .. .. 32,854 610 By Interest Account—Gross profits .. .. 172,079 17 2 Loss on realization of securities and doubtful securities written down.. .. .. 102,104 3 6 Office furniture and equipment written down 366 8 6 Loan-flotation charges written down .. 12,930 12 3 Income-tax .. .. .. .. 8,510 15 11 Balance —Net profits for the year .. .. 15,31310 2 £172,079 17 2 £172,079 17 2 To Amount invested in Advances Office Sinking £ s. d. £ s. d. Fund Account ... .. .. 15,313 10 2 By Net profits for the year .. .. .. 15,313 10 2 £15,313 10 2 £15,313 10 2 Interest Account for the Year ended 31st March, 1931. Dr- £ s. d. £ s. d. Cr. £ B . d. £ s. d. To Interest on loans .. 942,022 6 7 By Interest on mortgages .. 901,789 11 6 Less accrued at 31st March, Less overdue and accrued 1930 .. .. 174,584 0 7 at 31st March, 1930 .. 389,519 16 11 767,438 6 0 512,269 14 7 Interest on loans accrued but not due .. 173,835 15 3 Interest on outstanding payments .. 239 13 7 Interest on amounts temporarily transferred Interest on bank balances .. ... 741 15 0 from other branches .. .. .. 43,920 7 2 Interest on temporary advances to other Interest on temporary investments refunded 4,545 11 11 branches .. .. .. .. 165,254 15 10 Balance —Gross profits transferred to Profit £ s. d. and Loss Account .. .. .. 172,079 17 2 Interest on temporary investments .. .. 2,567 17 2 Less accrued at 31st March, 1930 .. .. 63 0 3 2,504 16 11 Interest on mortgages— Overdue at 31st March, 1931 .. .. 238,084 5 11 Accrued but not due at 31st March, 1931 .. 242,724 15 8 — 480,809 1 7 £1,161,819 17 6 £1,161,819 17 6

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