8.—13.

STATE ADVANCES OFFICE. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st Maech, 1934. Liabilities. £ s. d. Assets. Sundry loans .. .. •• 20,311,415 8 5 Investment Account: Principal owing by £ s. d. Temporary advances from— £ s. d. mortgagors .. .. .. .. 16,926,605 0 6 Local Authorities Branch 270,000 0 0 Advances on current account .. .. 2,110 9 5 Public Debt Sinking Funds Temporary investments .. .. .. 625,000 0 0 Branch .. ■ • 60,000 0 0 Temporary advances to — £ s. d. Advances Office Sinking Workers Branch ..3,100,000 0 0 Aooount .. 1,009,000 0 0 Rural Advances Branch .. 746,000 0 0 Miscellaneous Busi n e s s ~~ 3,846,000 0 0 Branch .. .. 327,360 0 0 Sinking Fund Investments held by Advances 1,666,360 0 0 Office Sinking Fund Account .. .. 1,993,106 7 3 Amount held for investment on behalf of the Interest on mortgages— £ s. d. Housing Insurance Fund.. .. .. 7,542 12 11 Overdue .. .. .. 757,03/ 17 2 Advances Suspense Account .. .. 2,645 18 1 Accrued .. .. .. 209,571 15 8 Fire Loss Suspense Account .. .. 9,659 18 3 - - ® Sundrv creditors .. .. •• •• 2,716 16 9 Interest on temporary investments accrued .. 1,175 7 ō Weekly rental and instalment collections held Office furniture and equipment .. .. 7,183 5 6 tending allocation .. .. •• 74,977 10 9 Motor-vehicles .. .. .. .. 813 10 10 Interest on loans— £ s. d. Sundry debtors .. .. .. .. 10,065 17 5 Deferred .. .. 198,295 9 2 Securities Protection Suspense Account .. 7,352 0 8 Overdue .. .. 11,872 17 1 Lodgment Transit Account.. .. .. 9,298 4 2 Accrued but not due .. 157,148 5 1 Realization Suspense Account .. .. 132,135 12 1 367,316 11 4 Loan Charges Account .. .. .. 179,056 0 5 Reserve for bad debts .. .. •• 265,068 7 6 Cash in hand and in bank at 31st March, 1934 .. 19,298 2 9 Sinking fund .. .. •• 1,993,106 7 3 Reserve Fund .. . • ■ ■ • • 25,000 0 0 £24,725,809 11 3 £24,725,809 11 3 Profit and Loss Account foe the Yeae ended 31st March, 1934. />. £ s. d. Or. £ S. d. To Management Expenses Account .. .. 38,359 19 2 By Interest Account: Gross profits .. .. 127,765 19 3 Loss on realization of securities, and doubtful securities written down .. .. •• 66,303 17 10 Depreciation on— £ s. d. Furniture and equipment .. 378 1 4 Motor-vehicles .. • • 215 13 8 593 15 0 Income-tax .. •• 1,516 2 4 Loan-flotation charges written down .. 20,992 411 £127,765 19 3 £127,765 19 3 Interest Account for the Year ended 31st March, 1934. Dr £ s. d. £ s. d. Or. £ s. d. £ s. To Interest on loans .. .. 839,927 711 By Interest on mortgages .. 738,508 14 2 Less accrued at 31st March, Interest on mortgages— 1933 169,864 15 4 Overdue at 31st March, 670,062 12 7 1934 .. .. 757,037 17 2 Interest on loans accrued but not due .. 157,148 5 1 Accrued but not due at Interest on amounts temporarily transferred 31st March, 1934 .. 209,571 15 8 from other branches .. .. 64,052 0 0 - - — Balance —Gross profits transferred to Profit 1,705,118 7 0 and Loss Account .. .. ..127,765 19 3 Less overdue and accrued at 31st March, 1933 .. .. 845,727 17 4 — 859,390 9 8 Interest on temporary investments .. .. 32,468 15 0 Less accrued at 31st March, 1933 .. 9,021 11 0 23,447 4 0 Interest on outstanding payments.. .. 419 6 Interest on bank balances .. .. 998 4 2 Interest on temporary advances to other branches .. .. .. 133,976 22 Interest on temporary investments (accrued) 1,175 7 5 £1,019,028 16 11 £1,019,028 16 11

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