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LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT. Statement of Liabilities and Assets as at 31st Mabch, 1931. Liabilities. £ a. d Assets. £ s. d. Sundry loans .. .. .. .. 3,975 0 0 Investment Account —Principal owing by mortgagors 2,378 0 2 Income-tax Suspense Account .. .. .. 4 9 1 Temporary advances to Settlers Branch .. 1,450 0 0 Interest on Loans — £ s. d. Sinking Fund investments held by Public Debt Overdue .. .. .. 118 16 7 . Redemption Fund .. .. .. .. 43 7 0 Accrued .. .. .. 38 15 5 Interest on mortgages — £ s. d. 157 12 0 Overdue .. .. .. 308 5 6 Sinking Fund .. .. .. .. 43 7 0 Accrued .. . . .. 0 6 3 Profit and Loss Account .. .. .. 34 14 9 308 11 9 Cash in hand and in bank at 31st March, 1931 .. 35 311 £4,215 2 10 £4,215, 2 10 Profit and Loss Account for the Year ended 31st March, 1931. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. 10 0 0 By Interest Account —Gross profits .. 28 8 7 Income-tax .. .. .. .. ..491 Balance —Net profits for the year .. 13 19 6 £28 8 7 , £28 8 7 £ s. d. £ s. d. To Balance—Net profits carried forward .. .. 34 14 9 By Balance as at 31st March, 1930 .. .. 20 15 3 Net profits for the year .. .. 13 19 6 £34 14 9 £34 14 9 Interest Account tor the Year ended 31st March, 1931. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on loans .. .. 159 0 0 By Interest on mortgages .. 103 8 3 Less accrued at 31st March, 1930 38 15 5 Interest on mortgages— 120 4 7 Overdue at 31st March, 1931 308 5 6 Interest on loans accrued but not due .. .. 38 15 5 Accrued at 31st March, 1931 0 6 3 Balance —Gross profits transferred to Profit and Loss Account .. .. .. .. 28 8 7 412 0 0 Less overdue and accrued at 31st March, 1930 .. 291 18 11 120 1 1 Interest on bank balances .. .. .. 0 17 6 Interest on temporary advances to Settlers Branch 66 10 0 £187 8 7 . £187 8 7 Management Expenses Account for the Year ended 31st March, 1931. 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 I £10 0 0 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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