B.—l [FT. IV],

STATE ADVANCES OFFlCE— continued. LOCAL AUTHORITIES BRANCH— continued. Profit and Loss Account foe the Year ended 31st March, 1933. Or. £ s. d. Gr. £ s. d. To Management Expenses Account .. .. 1,699 1 2 By Interest Account —Gross profits .. .. 6,213 12 8 Loan-flotation charges written down .. 1,081 410 Balance —Net profits for the year .. .. 3,433 6 8 £6,213 12 8 £6,213 12 8 £ s. d. £ s. d. To Balance as at 31st March, 1932 .. ..127,105 9 5 By Net profits for the year .. .. .. 3,433 6 8 Balance .. .. .. .. 123,672 2 9 £127,105 9 5 ] £127,105 9 5 Interest Account for the Year ended 31st March, 1933. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on loans .. .. 103,324 9 0 By Interest on debentures .. 102,815 1 9 Less accrued at 31st March, Less overdue and accrued 1932 .. .. .. 36,343 111 at 31st March, 1932 .. 30,668 12 3 66,981 7 1 72,146 9 6 Interest on loans accrued but not due .. 36,343 1 11 Interest on bank balances .. .. 62 9 7 Balance—Gross profits transferred to Profit and Interest on temporary advances to Settlers Loss Account .. .. .. • 6,213 12 8 Branch.. .. .. .. .. 6,812 10 0 Interest on debentures— £ s. d. Overdue at 31st March, 1933 8,900 15 8 Accrued but not due at 31st March, 1933 .. .. 21,615 16 11 30,516 12 7 £109,538 1 8 £109,538 1 8 Management Expenses Account for the Year ended 31st March, 1933. Or. £ s. d. Gr. £ s. d. To Audit Office services .. .. .. 50 0 0 By Balance transferred to Profit and Loss Account 1,699 1 2 Cleaning, lighting, heating, and messenger services 30 0 0 Management charges — New Zealand stock and bonds 299 1 2 Postages and telegrams .. .. .. 50 0 0 Post Office services .. .. .. 75 0 0 Printing and stationery .. .. .. 100 0 0 Public Service Superannuation Fund Contribution 50 0 0 Rent 100 0 0 Salaries .. .. •• ■■ .. 945 0 0 £1,699 1 2 £1,699 1 2 E. 0. Hales, Superintendent. State Advances Office, Wellington, 30th. June, 1933. 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, except that the amount of exchange paid in respect of the interest which has been paid in London on the loans of this account has not been charged to the account, but has been borne by the Consolidated Fund.— G. F. 0. Campbell, Controller and Auditor-General. PUBLIC DEBT SINKING FUNDS BRANCH. Statement of Liabilities and Assets as at 31st March, 1933. Liabilities. Assets. Sinkinf Fund created under the provisions of £ s. d. Investment Account—Princi- £ s. d. £ s. d. the Public Debt Extinction Act, 1910 .. 3,258,955 19 4 pal owing on loans to — Weekly rental and instalment collections held Settlers .. .. 1,103, 248 1 3 pending allocation 2,051 4 9 Workers .. .. 59,773 14 0 Sundry creditors .. .. •• •• 15 18 6 Local bodies .. .. 1,919,722 10 6 Interest due to Consolidated Fund in accord- 3,082,744 5 9 ance with section 12 (a), Repayment of Temporary Advances to Settlers Branch .. 220,000 0 0 Public Debt Act, 1925— £ s. d. Sundry debtors .. .. .. .. 336 18 9 In hand at 31st March, 1933 48,305 15 8 Interest overdue on loans to — £ s. d. Overdue .. •• 37,508 19 2 Settlers .. .. 27,374 14 8 Accrued .. .. 33,803 2 10 Workers .. .. 958 15 9 119,617 17 8 Local bodies .. .. 9,175 8 9 37,508 19 2 Interest accrued on loans to Settlers .. .. 13,707 12 6 Workers .. .. 740 17 0 Local bodies .. .. 19,354 13 4 33,803 2 10 Cash in hand and in bank at 31st March, 1933 6,247 13 9 £3,380,641 0 3 £3,380,641 0 3

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