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STATE ADVANCES OFFICE. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1932. Liabilities. £ s. d. Assets. Sundry loans .. .. .. .. 20,794,870 8 5 Investment Account — Principal owing by £ s. d. Temporary advances from— £ s. d. mortgagors .. .. .. .. 17,875,668 17 0 Local Authorities Branch.. 121,000 0 0 Temporary advances to — £ s. d. Public Debt Sinking Funds Workers Branch .. 2,607,000 0 0 Branch .. .. 144,000 0 0 Rural Advances Branch .. 935,000 0 0 Advances Office Sinking 3,542,000 0 0 Fund Account .. 708,000 0 0 Sinking Fund Investments held by Advances Miscellaneous Business Office Sinking Fund Account .. .. 1,822,687 16 7 Branch .. .. 391,510 0 0 Interest on mortgages— £ s. d. 1,364,510 0 0 Overdue .. .. 456,317 010 Amount held for investment on behalf of the Accrued .. .. 243,861 12 11 Housing Insurance Fund .. .. 6,434 0 9 > 700,178 13 9 Advances Suspense Account .. .. 8,701 3 7 Office furniture and equipment .. .. 6,926 10 8 Fire Loss Suspense Account .. .. 13,280 12 6 Motor-vehicle .. .. .. .. 194 1 9 Income-tax Suspense Account .. .. 6,279 10 6 Sundry debtors .. .. .. .. 6,325 13 7 Sundry creditors .. .. .. .. 1,741 7 2 Realization Suspense Account .. .. 96,265 5 9 Interest on loans — £ s. d. Loan Charges Account .. .. .. 148,427 16 7 Deferred .. .. 39,659 1 10 Cash in hand and in bank at 31st March, 1932 228,869 9 7 Accrued but not due .. 170,114 18 2 209,774 0 0 Reserve for bad debts .. .. .. 174,265 5 9 Sinking Fund .. .. .. .. 1,822,687 16 7 Reserve Fund .. . < .. .. 25,000 0 0 £24,427,544 5 3 £24,427,544 5 3 Profit and Loss Account for the Year ended 31st March, 1932. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 29,245 5 8 By Interest Account —Gross profits .. .. 167,393 10 0 Loss on realization of securities, and doubtful securities written down.. .. .. 114,383 7 2 Office furniture and equipment written down 379 17 4 Loan-flotation charges written down .. 13,166 10 4 Income-tax .. .. .. .. 7,940 5 9 Balance—Net profits for the year .. .. 2,278 3 9 £167,393 10 0 £167,393 10 0 To Amount invested in Advances Office Sinking £ s. d. £ s. d. Fund Account .. .. .. • • 2,278 3 9 By Net profits .. .. .. .. 2,278 3 9 £2,278 3 9 £2,278 3 9 Interest Account for the Year ended 31st March, 1932. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 952,752 12 4 By Interest on mortgages .. 789,764 13 2 Less accrued at 31st March, Less overdue and accrued 1931 .. .. 173,835 15 3 at 31st March, 1931 .. 480,809 1 7 778,916 17 1 308,955 11 7 Interest on loans accrued but not due .. 170,114 18 2 Interest on outstanding payments .. 2 12 8 Interest on amounts temporarily transferred Interest on bank balances .. .. 1,483 18 2 from other branches .. .. .. 56,501 8 8 Interest on temporary advances to other Balance—Gross profits transferred to Profit branches .. .. .. .. 155,179 10 5 and Loss Account .. .. .. 167,393 10 0 Interest on temporary investments .. 7,126 7 4 Interest on mortgages — Overdue at 31st March, £ s. d. 1932 .. .. 456,317 0 10 Accrued but not due at 31st March, 1932 .. 243,861 12 11 — 700,178 13 9 £1,172,926 13 11 £1,172,926 13 11

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