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ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1932. Liabilities. Assets. Principal received as at 31st March, 1931, with Investment Account—Princiaccumulated interest from— £ g. d. pal owing on loans to— £ s. d. £ s. d Settlers Branch .. .. .. 2,221,965 14 0 Settlers .. .. 910,316 910 Workers Branch .. .. .. 286,663 6 4 Workers .. .. 52,255 2 4 Local Authorities Branch .. .. 407,464 11 4 Local bodies .. .. 378,330 8 0 : , 1,340,902 0 2 2,916,083 II 8 Temporary advances to Settlers Branch .. 708.000 0 0 Interest earned for the year ended 31st March, Sundry debtors .. .. .. .. 215 22 1932— £ s. d. Interest overdue on loans to— £ s. d. Settlers Branch .. 83,809 0 9 Settlers .. .. 11,948 9 0 Workers Branch .. 3,792 17 11 Workers .. .. 806 11 7 Local Authorities Branch 8,088 2 8 Local bodies .. .. 2,31711 1 95,690 I 4 : 15,072 11 8 Interest accrued on loans to— 3,011,773 13 0 Settlers .. .. 10,618 11 4 Net profits transferred from— Workers .. .. 585 13 0 Settlers Branch .. .. .. 2,278 3 9 Local bodies .. .. 3,175 5 6 14,379 9 10 3,014,051 16 9 Cash in hand and in bank at 31st March, 1932.. 2,682 0 3 Less redemption of loans— £ s. d. Settlers Branch . . 485,365 111 Workers Branch .. 208,091 711 Local Authorities Br'ch 239,812 13 8 933,269 3 6 Total funds as at 31st March, 1932 .. .. 2.080,782 13 3 Advances Suspense Account . . .. 460 0 0 Fire Loss Suspense Account .. .. 8 10 10 £2,081,251 4 1 £2,081,251 4 1 Interest Account for the Year ended 31st March, 1932. Dr. £ s. d. Cr. To Interest on investments — Transferred to By Interest on loans to— £ s. d. £ s. d. Sinking Fund Account .. .. .. 95,690 1 4 ' Settlers .. .. .. 39,361 1 5 Workers .. .. .. 2,314 1 9 Local bodies .. 16,270 4 11 57,945 8 1 Less overdue and accrued at 31st March, 1931 .. 22,840 15 3 35,104 12 10 Interest on bank balances .. .. .. 75 0 4 Interest on temporary advances to Settlers Branch.. .. .. .. .. 31,058 6 8 Interest overdue at 31st March, 1932, on loans to— £ s. d. Settlers .. .. ..11,948 9 0 Workers .. .. .. 806 11 7 Local bodies .. .. 2,317 11 1 15,072 11 8 Interest accrued at 31st March, 1932, on loans to— Settlers .. .. .. 10,618 11 4 Workers .. .. .. 585 13 0 Local bodies .. .. 3,175 5 6 14,379 9 10 £95,690 I 4 £95,690 1 4 E. 0. Hales, Superintendent. State Advances Office, Wellington, 23rd June, 1932. 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. <T. H. Fowler, Deputy Controller and Auditor-General.

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