8.—13.

FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1932. Liabilities. £ s. d. £ s. d. I Assets. £ s. d. Sundry loans .. .. .. 67,858 14 3 ! Investment Account—Principal owing by mortLess loan liability redeemed and j gagors .... . . . . .. 29,894 18 4 discharged from Consolidated ! Properties acquired ■■ ■ • 4,2:12 8 6 p un( j 6,008 14 3 Temporary advances to Settlers Branch .. .. 2b,600 0 0 Sinking Fund investments held by Public Debt 61,850 0 0 I Redemption Fund .. .. .. .. *814 16 10 Less loan liability redeemed by j Interest on mortgages— £ s. d Public Debt Repayment Ac- Overdue .. .. .. t count .. . •• 5,000 0 0 Accrued .. .. .. 217 12 7 56,850 0 0 : 2,401 7 9 Liability to Consolidated Fund in terms of Section Sundry debtors .. .. .. .. 123 2 4 9.9 TVinnpp Act, 1926 .. .. •• 5,000 0 0 Profit and Loss Account .. .. .. 4,009 11 0 Suspense Account' . ■ • • • • l s ® 510 Cash in hand and in bank at 31st March, 1932 .. 76 17 2 Income-tax Suspense Account .. .. • ■ 10' 611 Interest on loans — £ s. d. Overdue .. •• 1,137 0 0 Accrued .. .• •• I>l3o1 >130 15 4 2,267 15 4 Rent accrued .. •• •• 35 0 0 Reserve for bad debts •• ■■ •• 3,515 13 10 Sinking Fund .. .. • • • • 202 0 0 £68,133 1 11 £68,133 1 11 » This amount includes the sum of £612 16s. lOd. capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1010. Profit and Loss Account for the Year ended 31st March, 1932. j) r £ s. d. Gr. £ s. d. To Management Expenses Account .. .. 100 0 0 By Interest Account—Gross profits .. .. 508 4 2 Expenses on realization of assets . . • • 41 3 3 Income-tax .. •. ■ • • • 107 6 11 Balance—Net profits for the year .. .. 259 14 0 £508 4 2 £508 4 2 £ s. d. £ a. d. To Balance as at 31st March, 1931 .. •• 4,269 5 0 By Net profits for the year 259 14 0 Balance .. .. .. .. .. 4,009 11 0 £4,269 5 0 £4,269 5 0 Interest Account for the Year ended 31st March, 1932. Br. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on loans .. .. 2,274 0 0 By Interest on mortgages .. ..1,000 8 11 Less accrued at 31st March, 1931 1,130 15 4 Interest on mortgages— „ I£JO 1E „ 1,143 4 8 Overdue at 31st March, 1932 .. 2,183 15 2 Interest on loans accrued but not due .. 1,130 15 4 Accrued at 31st March, 1932 .. 217 12 7 Balance—Gross profits transferred to Profit and ~ Loss Account .. .. •• 308 4 2 3,401 Less interest overdue and accrued at 31st March, 1931 .. 1,895 4 2 1,506 12 6 Interest on bank balances .. .. . . 2 5 0 Interest on temporary advances to Settlers Branch .. .. .. .• .. 1,273 6 8 £2,782 4 2 £2,782 4 2 Management Expenses Account for the Year ended 31st March, 1932. j) r . £ s. d. Gr. £ d. To Administration expenses .. .. .. 95 0 0 By Balance transferred to Profit and Loss Account .. 100 0 0 Audit Office services .. .. •. • ■ 5 0 0 £100 0 0 £100 0 0 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. —- J. H. Fowler, Deputy Controller and Auditor-General.

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