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COLD-STORAGE ADVANCES ACCOUNT. Statement op Liabilities and Assets as at 31st March, 1931. Liabilities. Assets. £ s. d. £ s. d. £ a, d. Sundry loans .. .. .. 82,750 0 0 Investment Account—Principal owing by mortLess loan liability redeemed and gagors .. .. .. .. .. 20,090 10 0 discharged from Consolidated Temporary advances to Settlers Branch .. 41,700 0 0 Fund .. .. .. 7,500 0 0 Sinking Fund investments held by Public Debt Redemption Fund .. .. .. *1,198 5 1 75,250 0 0 Interest on mortgages — £ s. d. Less Joan liability redeemed by Overdue .. .. ■ ' 1 103 9 5 Public Debt Repayment Ac- Accrued .. .. .. 397 4 0 count .. .. .. 1,530 0 0 1,500 13 5 73 > 720 0 0 Sundry debtors .. .. .. .. 23 2 0 Liability to Consolidated Fund in terms of sec- Realization Suspense Account .. .. 10,068 16 1 tion 22, Finance Act, 1926 .. .. 1,530 0 0 Profit and Loss Account .. .. .. 13,753 10 6 Interest on loans— £ s. d. Cash in hand and in bank at 31st March, 1931 .. 108 4 5 Overdue .. .. .. 2,270 8 0 Accrued .. .. .. 244 3 5 2,514 11 5 Reserve for bad debts .. .. .. 10,068 16 1 Sinking Fund .. .. .. ... 609 14 0 £88,443 1 6 £88,443 1 6 ♦ This amount includes the sum of £588 11s. Id. 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. I Or. £ s . d. To Management Expenses Account .. .. 115 0 0 By Interest Account—Gross profits .. .. 159 11 8 Loss on realization of securities .. .. 10,068 16 1 Balance —Loss for the year .. 10,024 4 5 £10,183 16 1 £10,183 16 1 £ s. d. £ s . d. To Balance as at 31st March, 1930 .. .. 3,729 6 1 By Balance .. .. .. .. 13,753 10 6 Loss for the year .. .. .. 10,024 4 5 £13,753 10 6 £13,753 10 6 Interest Account for the Year ended 31st March, 1931. Dr. £ s. d. £ s. d. , Or. £ s. d. £ s. d. To Interest on loans .. .. 2,948 16 0 By Interest on mortgages .. 3,539 5 3 Less accrued at 31st March, 1930 244 3 5 Interest on mortgages— 2,704 12 7 I Overdue at 31st March, 1931.. 1,103 9 5 Interest on loans accrued but not due .. 244 3 5 j Accrued at 31st March, 1931.. 397 4 0 Balance —Gross profits transferred to Profit and Loss Account .. .. ~ 159 11 8 5,039 18 8 Less overdue and accrued at 31st March, 1930 .. 3,818 11 6 1,221 7 2 Interest on bank balances .. .. .. 2 0 6 Interest on temporary advances to Settlers Branch.. .. .. .. .. 1,885 0 0 £3,108 7 8 £3,108 7 8 Management Expenses Account for the Year ended 31st March, 1931. Dr. £ s. d. Or. £ s d To Administration expenses .. .. .. 110 0 0 By Balance transferred to Profit and Loss Account.. 115 0 0 Audit Office services ...... 5 0 0 £115 0 0 £115 0 0 E. O. 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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