8.—13.

PUBLIC DEBT SINKING FUNDS BRANCH. Statement of Liabilities and Assets as at 31st Maech, 1935. Liabilities. \ Assets. Sinking Fund created under the provisions of £ s. d. Investment Account — £ s. d. £ s. d. the Public Debt Extinction Act, 1910 .. 3,258,955 19 4 Advances not dueWeekly rental and instalment collections held Settlers .. .. 1,000,306 10 10 pending allocation .. .. .. 4,620 10 10 Workers .. .. 50,749 5 2 Suspense Account .. .. .. 1,119 2 8 Local bodies .. 1,266,257 2 3 Interest due to Consolidated Fund in accordance 2,317,312 18 3 with section 12 (a), Repayment of Public Instalments of principal Debt Act, 1925 — £ s. d. overdue — In hand at 31st March, 1935 38,026 0 9 Settlers 20,189 22 Overdue.. .. .. 42,035 17 2 Workers .. .. 1,280 10 7 Accrued .. .. .. 25,353 9 5 Local bodies .. 5,210 8 2 105,415 7 4 26,680 0 11 Principal owing by mortgagors and local bodies .. .. 2,343,992 19 2 Temporary advances to Settlers Branch .. 150,000 0 0 Sundry debtors .. .. .. .. 105 16 4 Half-yearly instalments postponed— £ s. d. Interest .. .. .. 560 13 4 Principal .. .. 234 12 0 795 5 4 Interest overdue on loans to— Settlers .. .. .. 32,670 7 6 Workers .. .. .. 822 1 1 Local bodies .. .. 8,543 8 7 42,035 17 2 Interest accrued on loans to— Settlers 12,729 15 7 Workers .. .. .. 645 10 7 Local bodies .. .. 11,978 3 3 25,353 9 5 Realization Suspense Account .. .. 1,136 18 11 Cash in hand and in bank at 31st March, 1935.. 806,690 13 10 £3,370,111 0 2 £3,370,111 0 2 Interest Account fob the Year ended 31st March. 1935. Dr. Or. To Interest on investments due to Consolidated £ s. d. By Interest on loans to— £ s. d. £ s. d. Fund in accordance with section 12 (a), Settlers .. .. 51,666 9 6 Repayment of the Public Debt Act, 1925— Workers .. .. 2,724 4 2 Paid to Treasury .. .. .. 94,590 10 11 Local bodies .. .. 70,988 3 5 In hand at 31st March, 1935 .. .. 38,026 0 9 ■ Overdue at 31st March, 1935 ..■• .. 42,035 17 2 125,378 17 1 Accrued at 31st March, 1935 .. .. 25,353 9 5 Less overdue and accrued at 31st March, 1934 .. 76,016 16 4 200,005 18 3 49,362 0 9 Less overdue and accrued at 31st March, Interest on bank balances .. .. .. 34 5 8 1934 .. .. .. .. 76,016 16 4 Interest on temporary advances to Settlers Branch .. .. .. .. 4,576 13 4 Interest on temporary investments .. 2,316 15 9 Conversion premiums (local bodies) .. 303 16 2 Interest on outstanding payments .. .. 6 3 8 Interest overdue at 31st March, 1935, on loans to— £ s. d. Settlers .. .. 32,670 7 6 Workers .. .. 822 1 1 Local bodies .. .. 8,543 8 7 42,035 17 2 Interest accrued at 31st March, 1935, on loans to — Settlers .. .. 12,729 15 7 Workers .. .. 645 10 7 Local bodies .. .. 11,978 3 3 25,353 9 5 £123,989 1 11 £123,989 1 11 G. E. Miller, Superintendent. State Advances Office, Wellington, 17th June, 1935. E. 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.

4—B. 13.

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