8.—13

FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1931. Liabilities. £ s. d. £ s. d. j Assets. £ s. d. Sundry loans .. .. .. 67,858 14 3 Investment Account—Principal owing by mortLess loan liability redeemed and gagors .. .. .. .. .. 30,953 11 6 discharged from Consolidated Properties acquired .. .. .. .. 4,212 8 6 Fund .. .. .. 6,008 14 3 Temporary advances to Settlers Branch .. .. 25,500 0 0 Sinking Fund investments held by Public Debt 61,850 0 0 Redemption Fund .. .. .. .. *790 6 5 Less loan liability redeemed by Interest on mortgages — £ s. d. Public Debt Repayment Ac- Overdue .. .. .. 1,656 2 4 count .. ... .. 5,000 0 0 Accrued .. .. .. 239 1 10 56,850 0 0 1,895 4 2 Liability to Consolidated Fund in terms of section Sundry debtors .. .. .. .. 113 0 2 22, Finance Act, 1926 .. .. .. 5,000 0 0 Profit and Loss Account .. .. .. 4,269 5 0 Suspense Account .. .. .. .. 165 9 0 Cash in hand and in bank at 31st March, 1931 .. 310 2 6 Income-tax Suspense Account .. .. 30 8 10 Interest on loans— £ s. d. Overdue .. .. .. 1,137 0 0 Accrued .. .. .. 1,130 15 4 2,267 15 4 Rent accrued .. .. .. .. 37 1 8 Reserve for losses on realization and bad debts .. 3,515 13 10 Sinking Fund .. .. .. .. 177 9 7 £68,043 18 3 £68,043 18 3 • This amount includes the sum of £612 16s. 10d. capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Profit and Loss Account for the Year ended 31st March, 1931. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 100 0 0 By Interest Account—Gross profits .. .. 315 7 1 Expenses on realization of assets .. .. 92 5 7 Income-tax .. .. .. .. 30 8 10 Balance —Net profits for the year .. .. 92 12 8 £315 7 1 '.'."'.". £315 7 1 £ s. d. £ s. d. To Balance as at 31st March, 1930 .. .. 4,361 17 8 By Net profits for the year .. .. .. 92 12 8 Balance .. .. .. .. .. 4,269 5 0 £4,361 17 8 £4,361 17 8 Interest Account for the Year ended 31st March, 1931. Dr. £ s. d. £ s. d. | Cr. £ s. d. £ s. d. To Interest on loans .. .. 2,308 16 0 j By Interest on mortgages .. .. 1,339 13 3 Less accrued at 31st March, 1930 1,162 3 4 Interest on mortgages — 1,146 12 8 : Overdue at 31st March, 1931 .. 1,656 2 4 Interest on loans accrued but not due .. 1,130 15 4 j Accrued at 31st March, 1931 .. 239 110 Balance —Gross profits transferred to Profit and Loss Account .. .. ■•"•.. .. 315 7 1 3,234 17 5 Less interest overdue and accrued at 31st March, 1930 ..1,848 4 2 1,386 13 3 ) Interest on bank balances .. .. .. 1 10 2 • Interest on temporary advances to Settlers Branch .. .. .. .. .. 1,204 11 8 £2,592 15 1 £2,592 15 1 Management Expenses Account for the Year ended 31st March, 1931. l>. .... £ s. d. Or. £ s. d. To Administration expenses .. .. .. 95 0 0 By Balance transferred to Profit and Loss Account .. 100 0 0 Audit Office services .. .. .. ..500 £100 0 0 £100 0 0 E. 0. 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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