B.—l [PT. IV].

STATE ADVANCES OFFICE. ADVANCES TO SETTLERS BRANCH. Statement op Liabilities and Assets as at 31st March, 1933. Liabilities. £ s. d. Assets. Sundry loans .. .. .. .."20,255,970 8 5 Investment Account —Principal owing by mort- £ s. d. Temporary advances from— £ s. d. gagors .. .. .. .. 17,435,211 16 6 Local Authorities Branch 199,000 0 0 Temporary investments .. .. .. 425,000 0 0 Public Debt Sinking Funds Temporary advances to— £ s. d. Branch .. ... 220,000 0 0 Workers Branch ..2,642,000 0 0 Advances Office Sinking Rural Advances Branch .. 757,000 0 0 Fund Account .. 853,000 0 0 — 3,399,000 0 0 Miscellaneous Business Sinking Fund Investments held by Advances Branch .. .. 332,410 0 0 Office Sinking Fund Account .. .. 1,910,946 8 2 1,604,410 0 0 Interest on mortgages— £ s. d. Amount held for investment on behalf of the Overdue .. .. 629,168 12 0 Housing Insurance Fund .. .. 6,755 14 9 Accrued .. .. 216,559 5 4 Advances Suspense Account .. .. 4,171 14 1 845,727 17 4 Fire Loss Suspense Account .. .. 10,888 14 5 Interest on temporary investments accrued .. 9,021 11 0 Sundry creditors .. .. .. .. 2,373 16 9 Office furniture and equipment .. .. 7,201 8 3 Weekly rental and instalment collections held Motor-vehicles .. .. .. .. 915 2 6 pending allocation .. .. .. 23,068 13 11 Sundry debtors .. .. .. .. 737 0 6 Interest on loans — £ s. d. Securities Protection Suspense Account .. 8,413 1.0 11 Deferred .. .. 118,977 5 6 Lodgment Transit Account .. .. 5,792 11 6 Overdue .. .. 11,872 17 1 Realization Suspense Account .. .. 106,887 10 1 Accrued but not due .. 169,864 15 4 Loan Charges Account .. .. .. 136,008 1 9 ■ 300,714 17 11 Cash in hand and in bank at 31st March, 1933 77,73115 3 Reserve for bad debts .. .. .. 224,294 5 4 Sinking Fund .. .. .. .. 1,910,946 8 2 Reserve Fund .. .. .. .. 25,000 0 0 £24,368,594 13 9 £24,368,594 13 9 Peofit and Loss Account for the Year ended 31st March, 1933. Dr. £ s. d. Or, £ s. d. To Management Expenses Account .. .. 33,545 911 By Interest Account—Gross profits .. .. 38,049 8 0 Loss on realization of securities, and doubtful Balance —Loss for the year .. .. 101,781 0 0 securities written down .. .. .. 92,743 13 0 Depreciation on — £ s. d. Furniture and equipment .. 379 0 5 Motor-vehicles .. .. 154 4 8 533 5 1 Loan-flotation charges written down .. 13,008 0 0 £139,830 8 0 £139,830 8 0 £ s. d. £ S. d. To Loss for the year.. .. .. .. 1.01,781 0 0 By Recoupment from Treasury—Reduction of interest under the National Expenditure Adjustment Act, 1932 .. .. .. 101,781 0 0 £101,781 0 0 £101,781 0 0 Interest Account for the Year ended 31st March, 1933. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 975,788 3 0 By Interest on mortgages .. 749,238 111 Less accrued at 31st March, Less overdue and accrued 1932 .. .. 170,114 18 2 at 31st March, 1932 700,178 13 9 805,673 4 10 49,059 8 2 Interest on loans accrued but not due .. 169,864 15 4 Interest on temporary investments .. 11,031 10 6 Interest on amounts temporarily transferred Interest on outstanding payments.. .. 72 17 2 from other branches .. .. .. 71,402 0 8 Interest on bank balances .. .. 906 13 0 Balance—Gross profits transferred to Profit Interest on temporary advances to other and Loss Account .. .. .. 38,049 8 0 branches .. .. .. .. 169,169 11 8 Interest on temporary investments (accrued) 9,021 11 0 Interest on mortgages — Overdue at 31st March, £ s. d. 1933 .. .. 629,168 12 0 Accrued but not due at 31st March, 1933 .. 216,559 5 4 845,727 17 4 £1,084,989 8 10 £1,084,989 8 10

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