B.—l [PT. IV], SUP. TO 1932.

RURAL INTERMEDIATE CREDIT BOARD. Profit and Loss Account foe the Year ended 30th June, 1932. Dr. £ s. d. Cr. £ a. d. To Interest .. .. .. .. .. 13,240 11 11 By Interest on temporary investments .. .. 2,147 10 0 Services of Public Trust Office .. .. 8,500 0 0 Interest on advances to associations .. .. 18,900 13 2 Printing, stationery, and requisites .. .. 236 8 5 Interest on advances to farmers .. .. 9,460 9 9 Legal expenses .. .. .. .. 10 10 0 Discount on bills discounted.. .. .. 1,381 6 5 Advertising .. .. .. .. 10 9 0 Travelling-expenses of officers .. .. 93 4 7 Travelling-expenses of Board members .. 241 5 9 Board members' fees .. .. .. 609 15 10 General expenses .. .. .. .. 241 0 2 Audit fees .. .. .. .. ]28 2 6 Depreciation .. .. .. .. 9 13 0 Proportion of cost of issue of debentures .. 90 15 9 Reserve for Loss on Advances .. .. 1,304 0 0 Balance transferred to Appropriation Account .. 7,174 2 5 £31,889 19 4 £31,889 19 4 Profit and Loss Appropriation Account for the Year ended 30th June, 1932. Dr. £ s. d. Cr. £ s. d. To Rural Intermediate Credit Redemption Fund 3,587 1 3 By Profit and Loss Account —Balance transferred 7,174 2 5 Rural Intermediate Credit Reserve .. .. 3,587 1 2 £7,174 2 5 £7,174 2 5 Balance-sheet as at 30th June, 1932. Liabilities. Assets. Establishment grant from Con- £ s. d. £ s. d. Investments of Rural Intermediate Credit Redemp- £ s. d. solidated Fund .. .. 10,000 0 0 tion Fund: Government securities and interest Less expenditure to date .. 7,606 310 accrued .. .. .. .. .. 161,675 5 2 2,393 16 2 Temporary investments : Government securities .. 106,080 0 0 Advances from Consolidated Fund for preliminary Advances to associations for preliminary expenses.. 801 4 5 expenses of associations .. .. .. 850 0 0 Advances to associations under £ s. d. Advances from Consolidated Fund under Part II .. .. .. 294,682 19 9 section 16 of the Rural Intermediate Credit Act, Less Reserve .. .. 1,040 0 0 1927, including £133,333 6s. Bd., which, under 293,642 19 9 section 17 of the said Act, forms part of the Advances to farmers under Part 111 123,654 19 7 Rural Intermediate Credit Redemption Fund .. 400,000 0 0 Less reserve .. .. .. 1,149 0 0 Rural Intermediate Credit Redemption Fund 122,505 19 7 accumulated interest on investments and share Bills discounted .. .. .. .. 11,169 11 10 of profits.. .. .. .. .. 31,936 16 3 Bills discounted (fertilizer) .. .. .. 4,238 12 11 Rural Intermediate Credit Reserve .. .. 10,125 18 3 Overdue interest and interest accrued on investBonds and debentures .. .. .. 249,300 0 0 ments .. .. .. .. .. 7,903 7 7 Accrued interest on bonds and debentures .. 5,027 9 2 Office appliances, furniture, and fittings, £ s. d. Sundry creditors .. .. .. ■■ 9,140 18 10 &e. .. .. .. 86 12 0 Post Office Account, including vouchers passed for Less depreciation .. .. .. 9 13 0 payment but not yet paid .. .. .. 1,549 12 10 76 19 0 Expenses re issue of debentures ..311 4 6 Less amount written off .. 90 15 9 220 8 9 Stationery and stores .. .. .. 374 16 11 Sundry debtors .. .. .. .. 388 11 6 Cash at bank or in transit .. .. .. 1,246 14 1 £710,324 11 6 £710,324 11 6 J. W. Macdonald, Commissioner. F. Menneer, A.R.A.N.Z.. Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— G. F. C. Campbell, Controller and Auditor-General. 15 —B. 1 [PT. IV], SUP. TO 1932.

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