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FISHING-INDUSTRY PROMOTION ACCOUNT. Statement op Liabilities and Assets as at 31st Maech, 1931. Liabilities. £ s. d. £ s. d. 1 Assets. £ a. d. Sundry loans .. .. .. 5,571 19 2 ! Investment Account—Principal owing on bills of sale 679 4 2 Less loan liability redeemed and . j Temporary advances to Settlers Branch .. .. 3,600 0 0 discharged from Consolidated Fund 1,036 19 2 Sinking Fund investments held by Public Debt ——- Redemption Fund .. .. .. .. *52 9 10 4,535 0 0 Interest on bill| of sale— £ s. d. Less loan liability redeemed by Overdue .. .. .. 12 19 9 Public Debt Repayment Account 1,060 0 0 Accrued .. .. .. 11 7 6 3,475 0 0 24 7 3 Liability to Consolidated Fund in terms of section | Sundry debtors .. .. .. .. 10 1 0 22, Finance Act, 1926 .. .. .. 1,060 0 0 I Profit and Loss Account .. .. .. 299 8 2 Income-tax Suspense Account . . . . .. 8 3 3 j Cash in hand and in bank at 31st March, 1931 .. 26 1 0 Interest on loans — £ s. d. Overdue .. .. .. 86 1 10 Accrued .. .. .. 50 19 11 137 1 9 Sinking Fund .. .. .. .. 11 6 5 £4,691 11 5 ,-. £4,691 11 5 * This amount includes the sum of £41 3s. sa. 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. Or. £ s. d. To Management Expenses Account .. .. 17 2 0 By Interest Account—Gross profits .. .. 50 6 8 Income-tax .. .. .. .. 833 Balance —Net profits for the year .. ..' 25 1 5 £50 6 8 £50 6 8 £ s. d. £ s. d. To Balance at 31st March, 1930 .. .. 324 9 7 By Net profits for the year .. .. .. 25 1 5 Balance .. .. .. .. .. 299 8 2 £324 9 7 £324 9 7 Interest Account for the Year ended 31st March, 1931. Dr. £ s. d. £ s. d. I Or. £ s. d. £ s. d. To Interest on loans .. .. .. 155 2 6 \By Interest on bills of sale .. .. 42 5 1 Less accrued at 31st March, 1930 .. 50 19 11 Less overdue and accrued at 31st 104 2 7 March, 1930 .. .. 33 2 5 Interest on loans accrued but not due .. 50 19 11 9 2 8 Balance —Gross profits transferred to Profit and - Interest on bank balances .. .. .. 016 9 Loss Account .. .. .. 50 6 8 Interest on temporary advances to Settlers Branch 171 2 6 Interest on bills of sale— £ s. d. Overdue at 31st March, 1931 .. 12 19 9 Accrued at 31st March, 1931 .. 11 7 6 24 7 3 £205 9 2 £205 9 2 — I - ~, Management Expenses Account foe the Year ended 31st March, 1931. Dr. . , . £ s. d. ; Gr. £ a. d. To Administration expenses . . .. 10 0 0 By Balance transferred to Profit and Loss Account . . 17 2 0 Audit Office services .. .. .. ..500 Survey fees .. .. .. ..220 £17 2 0 £17 2 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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