8.—13.

REPATRIATION. Statement of Liabilities and Assets as at 31st March, 1932. Liabilities. Assets. Liability to Redemption Account as at Ist April, £ s. d. Investment Account—Principal £ s. d. £ s. d. 1925 .. .. .. .. 1,290,182 2 1 owing on bills of sale .. 212,151 17 11 Less repayments to 31st March, 1932 .. 174,529 15 4 Less Suspense adjustments .. 152 12 4 211,999 5 7 1,115,652 6 9 Interest on bills of sale, overdue .. .. 5,010 5 1 Less expenditure irrecoverable £ s. d. Cash in hand and in bank at 31st March, 1932 .. 351 3 5 to 31st March, 1931 ..894,634 13 7 Losses on realization for the year ended 31st March, 1932 7,371 4 4 Management expenses Account for the year ended 31st March, 1932 .. 1,647 3 3 903,653 1 2 Liability to Redemption Account as at 31st March, 1932 .. .. .. .. 211,999 5 7 Sundry creditors, Treasury—• £ s. d. Interest .. .. 208 9 5 Principal .. .. 95 17 7 304 7 0 Suspense Account .. .. .. .. 46 16 5 Interest on advances from War Expenses Account .. .. .. .. 5,010 5 1 £217,360 14 1 £217,360 14 1 Interest Account for the Year ended 31st March, 1932. D r £ s. d. Or. £ s. d. £ s. d. To Interest paid to Treasury .. .. .. 854 16 1 By Interest on bills of sale .. .. 1,328 6 9 Interest in hand due to Treasury at 31st March, Interest on bills of sale overdue at X 932 .. .. .. .. .. 208 9 5 31st March, 1932 .. .. 5,010 5 1 Interest due to Treasury overdue at 31st March, 1932 .. .. .. •• •• 5,010 5 1 6,338 11 10 Less overdue at 31st March, 1931 5,258 0 1 6,073 10 7 —■ Less interest due to Treasury overdue at 1,080 11 9 31st March 1931 .. .. .. 5,258 0 1 Less realizations —Interest .. 297 3 10 783 7 11 Interest on bank balances .. .. 32 2 7 £815 10 6 £815 10 6 Management Expenses Account for the Year ended 31st March, 1932. Or, £ s. d. Or. £ s. d. To Audit Office services .. .. • ■ 60 0 0 By Sundry fees .. .. - • • • 09 3 Cleaning and messenger services .. .. 45 0 0 Balance recouped in accordance with section Commission .. .. •• 6 10 6 13 (3), State Advances Amendment Act, 1922 1,647 3 3 Postages and telegrams .. .. .. 200 0 0 Post Office services .. .. .. ■ ■ 190 0 0 Printing and stationery .. .. • • 25 0 0 Rent .. . ■ • ■ ■ • ■ ■ 150 0 0 Salaries .. .. .. • • ■ • 915 0 0 Solicitors' costs .. .. .. ■ • 27 12 0 Training-expenses .. .. .. • • 8 10 0 Travelling-expenses .. • • ■ • 20 0 0 £1,647 12 6 £1,647 12 6 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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