B—l [PT. IV], SUP. TO 1938.

MINING ADVANCES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1938. Expenditure. £ s. d. Income. £ s, d. Interest on capital .. .. ~ .. 1,419 11 6 Interest on advances .. .. .. 745 10 0 Reserve for losses .. .. .. .. 745 10 0 Balance, loss .. .. .. .. .. 1,419 11 6 £2,165 1 6 , £2,165 I 6 Balance-sheet as at 31st March, 1938. Liabilities. j4.sscts £ s d Capital Account — £ s. d. £ s. d. Advances .. .. .. .. .. 14,910 0 0 Loans at 3 per cent. .. .. 2,510 0 0 Sundry debtors .. .. .. 5,904 19 0 Loans at 3£ per cent. .. .. 23,545 0 0 Treasury Adjustment Account .. .. .. 21,969 8 6 Loans at 4 per cent. .. .. 13,005 0 0 Excess of expenditure over income .. .. 1,419 11 6 39,060 0 0 Reserve for losses .. .. .. 5,143 19 0 £44,203 19 0 £44,203 19 0 A. Tyndall, Under-Secretary. C. H. Benney, Accountant. 1 hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with the departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].—J. H. Fowler, Controller and Auditor-General.

MISCELLANEOUS ADVANCES FROM CONSOLIDATED FUND. Income and Expenditure Account foe the Year ended 31st March, 1938. Expenditure. £ s. d. Income. £ s. d. Excess of Income over Expenditure .. .. 12,886 8 4 Interest on advances .. .. .. 12,825 19 9 Surplus from Waitangi Land - settlement Association .. .. .. .. .. 60 8; 7 £12,886 8 4 £12,886 8 4 Balance-sheet as at 31st March, 1938. Liabilities. £ s. d. Assets. Advances from Consolidated Fund .. .. 671,773 13 2 Advances to— £ s . d. £ s. d. Writings-off in Suspense .. .. .. 347 010 State Forest Account .. 87,405 3 4 Treasury Adjustment Account .. .. 17,772 8 5 Electric Supply Account .. 12,000 0 0 Excess of income over expenditure .. .. 12,886 8 4 Rural Intermediate Credit Board .. .. .. 400,850 0 0 Land-settlement associations 167,958 0 1 Agricultural associations .. 2,370 10 5 Sundry .. .. .. 1,189 19 4 671,773 13 2 Interest due and unpaid and accrued .. 30,658 16 9 Assets in Suspense Account .. .. 347 010 £702,779 10 9 £702,779 10 9 ~ = Not 3£. Some loss of interest and principal is anticipated in respect of advances to Land-settlement Finance Associations. A. R. F. Mackay, M.Com., Ph.D., Assistant Accountant to the Treasury. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the departmental note enfaced thereon. —J. H. Fowler, Controller and Auditor-General.

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