B.—l [PT. IV].

STATE ADVANCES OFFlCE—continued. ADVANCES TO SETTLERS BRANCH.—continued. Interest Account foe the Year ended 31st March, 1932. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 952,752 12 4 By Interest on mortgages .. 789,764 13 2 Less accrued at 31st March, Less overdue and accrued 1931.. .. ..173,835 15 3 at 31st March, 1931 ..480,809 1 7 778,916 17 1 308,955 11 7 Interest on loans accrued but not due .. 170,114 18 2 Interest on outstanding payments .. 212 8 Interest on amounts temporarily transferred Interest on bank balances .. .. 1,483 18 2 from other branches .. .. .. 56,501 8 8 Interest on temporary advances to other Balance —Gross profits transferred to Profit branches .. .. .. .. 155,179 10 5 and Loss Account .. .. .. 167,393 10 0 Interest on temporary investments .. 7,126 7 4 Interest on mortgages — Overdue at 31st March, £ s. d. 1932 .. .. 456,317 0 10 Accrued but not due at 31st March, 1932 .. 243,861 12 11 700,178 13 9 £1,172,926 13 11 £1,172,926 13 11 Management Expenses Account for the Year ended 31st March, 1932. Dr. £ s. d. Cr. £ s. d. To Advertising, newspapers, &c. .. .. 20 2 4 By Consent fees .. .. .. .. 44 2 0 Audit Office services .. .. .. 340 0 0 Cost of preparation of mortgages .. .. 195 6 6 Cleaning, lighting, heating, and messenger ser- Production fees .. .. .. .. 550 2 6 vices .. .. .. .. .. 338 14 2 Release fees .. .. .. .. 245 7 4 Inspection fees .. .. .. .. 20 12 9 Sundries .. .. .. .. 0 2 8 Management charges on New Zealand stock Balance transferred to Profit and Loss Account 29,245 5 8 and bonds .. .. .. 2,531 15 8 Meal allowances and overtime .. . . 548 18 4 Motor maintenance .. . . .. 57 11 6 Office maintenance .. .. . . 88 8 6 Postages and telegrams .. .. .. 1,572 13 0 Post Office services . . .. . . 1,509 10 6 Printing and stationery .. .. 163 18 11 Public Service Superannuation Fund contribution .. .. .. . . .. 288 14 2 Rent .. .. .. .. .. 2,190 4 0 Salaries.. .. .. .. 18,637 2 9 Solicitors'costs and Court costs .. .. 128 14 6 Telephones .. .. .. .. 77 3 3 Travelling-expenses .. .. .. 93 10 6 Typewriters and adding-machines —Repairs .. 75 13 4 Valuation Department— Agency work .. .. .. .. 650 0 0 Contributory fees .. .. .. 946 18 6 £30,280 6 8 £30,280 6 8 E. 0. Hales, Superintendent. 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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