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ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement or Liabilities and Assets as at 31st March, 1931. Liabilities, £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 2,778,690 15 7 Investment Account —Principal owing by local Loan-moneys —Unexpended balances under bodies .. .. .. .. .. 2,595,277 1 0 section 72, Local Bodies' Loans Act, 1913 .. 3,987 12 10 Temporary advances to Settlers Branch .. 30,000 0 0 Income-tax Suspense Account .. .. 691 10 8 Sinking Fund investments held by Advances Interest on loans accrued but not due .. 32,340 111 Office Sinking Fund Account .. .. 167,651 17 8 Sinking Fund .. .. .. .. 167,651 17 8 Interest on debentures— £ s. d. Overdue .. .. .. 6,929 18 7 Accrued .. .. .. 22,940 7 9 29,870 6 4 Sundry debtors .. ~ .. .. 22 10 1 Loan Charges Account .. .. .. 28,518 9 5 Profit and Loss Account .. .. .. 129,104 18 1 Cash in hand and in bank at 31st March, 1931 2,916 16 1 £2,983,361 18 8 £2,983,361 18 8 Profit and Loss Account for the Year ended 31st March, 1931. Dr. £ s. d. Or. £ •s. d. To Management Expenses Account .. .. 1,501 5 5 By Interest Account —Gross profits .. .. 4,892 13 9 Loan-flotation charges written down .. 1,081 4 10 Income-tax .. .. .. .. 735 3 1 Balance —Net profits lor the year .. .. 1,575 0 5 £4,892 13 9 £4,892 13 9 £ s. d. £ s. d. To Balance as at 31st March, 1930 .. .. 130,679 18 6 By Net profits for the year .. .. .. 1,575 0 5 Balance .. .. .. .. 129,104 18 1 £130,679 18 6 £130,679 18 6 Interest Account for the Year ended 31st March, 1931.' Dr. £ s. d. £ s. d. I Or. £ s. d. £ s. d. To Interest on loans .. .. 103,355 14 0 By Interest on debentures .. 105,579 1 9 Less accrued at 31st March, Less overdue and accrued at 1930 .. .. .. 32,360 12 11 31st March, 1930 .. 26,270 17 5 70,995 1 1 79,308 4 4 Interest on amounts temporarily transferred Interest on bank balances .. .. 57 12 9 from Settlers Branch .. .. .. 1,008 6 8 Interest on debentures — £ s. d. Interest on loans accrued but not due .. 32,340 111 Overdue at 31st March, 1931 6,929 18 7 Balance —Gross profits transferred to Profit Accrued but not due at 31st and Loss Account .. .. .. 4,892 13 9 March, 1931 .. .. 22,940 7 9 29,870 6 4 £109,236 3 5 £109,236 3 5 Management Expenses Account fob the Year ended 31st March, 1931. I Or. £ s. d. Dr. £ s. d. By Balance transferred to Profit and Loss Account 1,501 5 5 To Audit Office services .. .. .. 50 0. 0 Cleaning, lighting, heating, and messenger services 30 0 0 Management charges—New Zealand stock and bonds .. .. .. .. 299 5 5 Postages and telegrams .. .. .. 40 0 0 Post Office services .. .. .. .. 50 0 0 Printing and stationery .. .. .. 100 0 0 Public Service Superannuation Fund contribution 50 0 0 Rent .. .. .. .. 100 0 0 Salaries .. .. .. .. 782 0 0 £1,501 5 5 £1,501 5 5 E. 0. Hales, Superintendent. State Advances Office, Wellington, 13th June, 1931. 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.

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