8.—13.

FISHING-INDUSTRY PROMOTION ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1932. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 5,571 19 2 Investment Account—Principal owing on bills of sale 532 15 9 Less loan liability redeemed and Temporary advances to Settlers Branch .. ..3,750 0 0 discharged from Consolidated Fund 1,036 19 2 Sinking Fund investments held by Public Debt Redemption Fund .. . . .. .. *54 2 8 4,535 0 0 Interest on bills of sale— £ s. d. Less loan liability redeemed by Overdue .. .. .. 10 11 8 Public Debt Repayment Account 1,060 0 0 Accrued .. .. .. 917 6 3,475 0 0 — 20 9 2 Liability to Consolidated Fund in terms of section Sundry Debtors .. . . .. .. 16 14 6 22, Finance Act, 1926 .. .. .. 1,060 0 0 Profit and Loss Account .. .. .. 273 17 5 Income-tax Suspense Account .. .. . . 10 10 7 Cash in hand and in bank at 31st March, 1932 .. 49 10 11 Interest on loans— £ s. d. Overdue .. .. . . 88 0 8 Accrued .. .. . . 50 19 11 139 0 7 Sinking Fund .......... 12 19 3 £4,697 10 5 £4,697 10 5 I * This amount includes the sum of £41 3s. sd. capital paid into the Sinking Fund in accordance with the Public Deht Extinction Act, 1910. Profit and Loss Account for the Year ended 31st March, 1932. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 15 0 0 By Interest Account—Gross profits .. .. 51 1 4 Income-tax . . .. . . .. 10 10 7 Balance—Net profits for the year .. .. 25 10 9 £51 1 4 £51 1 4 £ s. d. £ s. d. To Balance at 31st March, 1931 . . . . .. 299 8 2 By Net profits for the year .. . . .. 25 10 9 Balance .. .. .. .. . . 273 17 5 £299 8 2 £299 8 2 Interest Account for the Year ended 31st March, 1932. Dr. £ s. d. £ s. d. ; Cr. £ s. d. £ s. d. To Interest on loans .. .. 155 2 6 ! By Interest on bills of sale .. 29 1 5 Less accrued at 31st March, 1931 50 19 11 Less overdue and accrued at 31st 104 2 7 March, 1931 .. .. 24 7 3 Interest on loans accrued but not due .. .. 50 19 11 414 2 Balance —Gross profits transferred to Profit and Interest on bank balances .. .. . . 10 6 Loss Account .. .. .. 51 1 4 Interest on temporary advances to Settlers Branch 180 0 0 Interest on bills of sale — £ s. d. Overdue at 31st March, 1932.. 10 11 8 Accrued at 31st March, 1932 .. 9 17 6 20 9 2 £206 3 10 . £206 3 10 Management Expenses Account for the Year ended 31st March, 1932. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. 10 0 0 By Balance transferred to Profit and Loss Account .. 15 0 0 Audit Office services .. .. .. .. 5 0 0 £15 0 0 | £15 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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