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MISCELLANEOUS BUSINESS BRANCH.—HOUSING ACCOUNT. Statement op Liabilities and Assets as at 31st Maboh, 1931. <* Liabilities. Assets. Sundry loans — . £ s. d. £ s. d. Investment Account — Principal £ s. d. £ s. d. Debentures.. .. .. 412,388 9 4 owing on— Expenditure from Public Works Dwellings purchased .. 325,199 14 7 Fund .. .. .. 319,918 1 7 Sections purchased .. .. 2,630 13 5 Advances .. .. .. 315 5 10 732,306 10 11 328,145 13 10 Less loan liability redeemed Temporary advances to Settlers Branch .. 289,000 0 0 and discharged from Con- Completed dwellings .. .. .. 17,176 12 7 solidated Fund .. .. 19,468 9 4 Dwellings let .. .. .. .. 15,132 9 9 Freehold land .. .. .. .. 29,158 2 0 712,838 1 7 Sinking Fund investments held by Public Debt Less loan liability redeemed Redemption Fund.. .. .. .. *4,306 16 8 by Public Debt Repayment Insurance Fund investment held by Settlers , ■ . Account .. .. 100 0 0 Branch .. .. .. .. .. 5,631 12 1 712,738 1 7 Sundry debtors .. .. .. ... 796 10 5 Liability to Consolidated Fund in terms of section Interest on dwellings and land — £ s. d. 22, Finance Act, 1926 .. .. .. 100 0 0 Overdue .. .. .. 6,354 8 6 Sundry creditors .. .. .. .. 1,313 13 11 Accrued .. .. .. 40 5 6. •■ .- Suspense Account .. .. .. .. 1,010 2 1 ,— .... .6,394. .14 0 Insurance Fund .. .. .. .. 7,148 14 2 Rent overdue .. .. .. .. 999 10 6 Interest on loans — £ s. d. Insurance premiums— £ s. d. Overdue .. .. .. 17,177 16 5 Overdue .. .. .. 437 8 11 Accrued .. .. .. 3,844 3 4 Paid in advance .. .. 303 0 0 21,021 19 9 740 8 11 Sinking Fund .. .. .. .. 951 16 10 Realization Suspense Account .. .. 2,249 17 6 Reserve for losses on realization and bad debts .. 8,386 15 8 Profit and Loss Account .. .. .. 51,913 16 1 Cash in hand and in bank at 31st March, 1931 .. 1,024 19 8 £752,671 4 0 £752,671 4 0 * This amount includes the sum of £3,354 19s. 10d. capital paid into the Sinking B'und in accordance with the Public Debt Extinction Act, 1910. ~ Profit and Loss Account fob the Yeab ended 31st Mabch, 1931. •■ ■'' Dr. £ s. d. (Jr. £ B . d. To Management Expenses Account .. .. 2,272 11 2 By Interest Account —Gross profits .. .. 512 15 7 Dwellings maintenance .. .. .. 1,861 11 3 Sale of land and dwellings .. .. 124 710 Losses on realization of securities and doubtful Balance —Loss for the year .. .. 6,512 19 0 securities written down .. .. 3,016 0 0 £7,150 2 5 £7,150 2 5 £ s. d. £ s. d. To Balance as at 31st March, 1930 .. .. 45,400 17 1 By Balance .. .. .. .. 51,913 16 1 Loss for the year .. .. .. 6,512 19 0 £51,913 16 1 £51,913 16 1 Interest Account for the Year ended 31st March, 1931. ■ ',■,.,, ■ Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 28,585 2 3 By Interest on land and dwellings 15,431 11 5 Less accrued at 31st March, Less overdue and accrued at 1930 .. .. .. 3,889 12 5 31st March, 1930 .. 6,509 5 7 : 24,695 9 10 i ' 8,922 5 10 Interest on loans accrued but not due .. 3,844 3 4 Interest on amounts temporarily transferred to Balance —Gross profits transferred to Profit Settlers Branch .. .. .. 13,695 16 8 and Loss Account .. .. .. 512 15 7 Interest on bank balances .. .. 39 12 3 Interest on dwellings and land— £ s. d. Overdue at 31st March, 1931 6,354 86 Accrued but not due at 31st March, 1931 .. .. 40 5 6 6,394 14 0 £29,052 8 9 £29,052 8 9 Management Expenses Account foe the Year ended 31st March, 1931. Dr. £ s. d. Or. £ s . d. To Audit Office services .. .. .. 95 0 0 By Sundry fees .. .. .. ..... |4,. 5; 0 Cleaning, lighting, heating, and messenger Balance transferred to Profit and Loss Account 2,272* 11 2 services .. • • .. ' • • 25 0 0 Fees paid for special services in respect of securities .. . . • ■ • • 89 3 7 Postages and telegrams .. .. .. 35 0 0 Post Office services .. .. 200 0 0 Printing and stationery .. .. .. 75 0 0 Public Service Superannuation Fund contribution 60 0 0 ■!..:: Rent .. ■■ 85 0 0 Salaries 1,349 0 0 ~.< ;, ,:< ;.:; Solicitors' costs .. .. .. .. 23 12 7 Valuation Department—Agency work .. 250 0 0 £2,286 16 2 £2,286 16 2 E. O. Hales, Superintendent. State Advances Office, Wellington, 13th June, 1931. E. 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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