B.—l [PT. IV], Sup. TO 1938.

TREASURY DEPARTMENT. INVESTMENT IN STATE ADVANCES CORPORATION ACCOUNT. Statement oe Liabilities and Assets as at 31st March, 1938. Liabilities. £ s. d. Assets. £ s d Sundry loans .. .. .. .. 37,580,709 18 1 State Advances Corporation stock issued in Sinking Fund created under the provisions of accordance with section 38 (1) of the State the Public Debt Extinction Act, 1910 .. 3.250,000 0 0 Advances Corporation Act, 1934—35 30 390 750 0 0 Reserve Fund .. .. .. .. 4,060,943 11 0 Contingent liability of State Advances CorInterest on loans £ s. d. poration under section 38 (2) of the State Unrecouped to Consolidated Advances Corporation Act, 1934-35 .. 11,422,295 16 8 Fund .. .. .. 557,054 10 2 State Advances Corporation Reserve ContriAccrued .. .. .. 304,981 17 2 bution Account (section 33 (2) (a), State 862,036 7 4 Advances Corporation Act, 1934-35) .. 2,750,443 5 5 Interest due to Consolidated Advances Account .. .. .. 1 540 17 g Fund in accordance with Properties acquired .. .. .. 2'455 19 6 section 12 (a), Repayment Sundry debtors .. .. .. .. '120 1 1 of Public Debt Act, 1925 Profits of State Advances Corporation for the Due 31st March, 1938 .. 51,450 0 9 year ended 31st March, 1938, payable in Accrued 31st March, 1938 .. 48,357 6 6 accordance with section 42 of the State 99,807 7 3 Advances Corporation Act, 1934-35 .. 411 050 16 3 Writing-off in Suspense .. .. .. 3,825 5 5 Interest due by State Advances Corporation on reserve contribution pursuant to section 35 of the State Advances Corporation Act, 1934-35, but not paid at 31st March, 1938 111,316 1] 8 Cash in Loans Redemption Account .. 539,192 6 8 Realization Suspense .. .. .. 22,427 19 6 Interest on State Advances Corporation stock accrued but not due at 31st March, 1938 .. 201,867 17 2 Interest accrued on advances .. .. 29 12 3 Losses in Suspense .. . . .. 3,825 5 5 £45,857,322 9 1 £45,857,322 9 1 A. R. F. Mackay, M.Com. (N.Z.), Ph.D. (Lond.), Accountant to the Treasury. I hereby certify that the Statement of Liabilities and Assets has been duly examined and compared with the relative books and documents submitted for audit and correctly states the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].—J. H. Fowler, Controller and Auditor-General.

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