B.—l [Pt. IV].

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. Or. £ 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

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