B. I [PT. IV].

STATE ADVANCES OFFICE —continued. REPATRIATION. Statement of Liabilities and Assets as at 31st March, 1932. Liabilities. Assets. Liability to Redemption Aecount as at Ist April, £ s. d. Investment Account—Principal £ s. d. £ s. d. 1925 .. .. .. .. 1,290,182 2 I 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 r — 211,999 5 7 1,115,652 6 9 Interest on bills of sale, overdue .. .. 5,010 5 1 Less expenditure irrecoverable £ s. d. Casli 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 ended3lst 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. Dr. £ 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 1932 .. .. .. .. .. 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 I 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. Dr £ s. d. Or. £ s. dTo Audit Office services 60 0 0 By Sundry fees .. .. .. ■■ 0 9 3 Cleaning and messenger services . . .. 45 0 0 Balance recouped an 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. 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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