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RURAL ADVANCES BRANCH. Statement of Liabilities and Assets as at 31st March, 1931. Liabilities. . £ s. d. Assets. £ s. d. Bonds issued .. .. .. .. 3,978,950 0 0 Investment Account —Principal owing by mortTemporary advances from Settlers Branch .. 740,000 0 0 gagors .. .. .. .. 4,404,337 1 8 Advances Suspense Account .. ... 12,490 0 0 Temporary investments .. .. .. 39,831 15 0 Fire Loss Suspense Account ... .. 2,260 0 0 Interest on mortgages — £ s.. d. Suspense Account .. .. .. 89 12 11 Overdue .. .. 52,970 10 0 Income-tax Suspense Account .. .. 5,781 7 5 Accrued .. .... 63,801 12 8 Interest on loans accrued but not due .. 8,508 19 9 : 116,772 2 8 Profit and Loss Account .. .. .. 16,859 8 7 Sundry debtors .. .. .. ' .. 44 111 Loan Charges Account .. ... .. 202,585 1 7 Cash in hand and in bank at 31st March, 1931 1,369 5 10 £4,764,939 8 8 £4,764,939 8 8 Profit and Loss Account for the Year ended 31st March, 1931. . Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 3,629 15 0 By Interest Account —Gross profits .. .. 31,983 1 1 Loan-flotation charges written down .. 12,661 11 4 Income-tax .. .. .. .. 6,144 17 1 Balance—Net profits for the year .. .. 9,546 17 8 £31,983 1 1 £31,983 1 1 £ s. d. : £ s. d. To Balance—Net profits carried forward .. 16.859 8 7 By Balance as at 31st March. 1930 .. .. 7,312 10 11 Net profits for the year .. .. ' .. 9,546 17 8 £16,859 8 7 '...,, £16,859 8 7 Interest Account for the Yf,ar ended 31st March, 1931. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on bonds .. .. 162,501 1 0 By Interest on mortgages .. 182,446 11 5 Less accrued at 31st March, Less overdue and accrued at 1930 .. .. 5,650 9 231 st March, 1930 .. 59,209 16 1 156,850 11 10 123,236 15 4 Interest on bonds accrued but not due .. 8,508 19 9 Interest on temporary investments .. 328 13 8 Interest on amounts temporarily transferred Interest on bank balances .. .. 68 3 6 from Settlers Branch .. .. .. 43,063 2 6 Interest on mortgages — £ s. d. Balance —Gross profits transferred to Profit Overdue at 31st March, 1931 52,970 10 0 and Loss Account .. .. .. 31,983 1 1 Accrued but not due at 31st March, 1931 .. .. 63,801 12 8 116,772 2 8 £240,405 15 2 £240,405 15 2 Management Expenses Account for the Year ended 31st March, 1931. Dr. £ s. d. : Gr. £ s. d. To Audit Office services .. .. .. 105 0 0 By Consent fees .. .. .. .. 015 0 Cleaning, lighting, heating, and messenger services 55 0 0 Production fees .. .. .. .. 64 0 0 Postages and telegrams .. .. .. 171 4 6 Release fees .. .. .. .. 7 0 0 Post Office services .. .. .. 200 0 0 Balance transferred to Profit and Loss Account 3,629 15 0 Printing and stationery .. .. .. 150 0 0 Public Service Superannuation Fund contribution 53 0 0 Rent .. .. .. .. . . 270 0 0 Salaries .. .. .. .. .. 2,645 0 0 Solicitors' costs .. .. .. .. 2 5 6 Travelling-expenses .. .. .. 50 0 0 £3,701 10 0 £3,701 10 0 E. 0. Hales, Superintendent. R. Robertson, Accountant. State Advances Office, Wellington, 13th June, 1931. 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.

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