8.—13.

HOUSING ACCOUNT—continued.. Statement op Assets and Liabilities as at 31st March, 1940. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ a. d. Loan liability .. .. .. 11,558,945 0 0 Principal owing under agreeInterest overdue and unpaid 98,866 4 2 ment for sale and purchase 119,008 7 8 to Treasury Advances to local authorities 426,710 1 5 Add interest accrued .. 7,762 13 4 Advances under Part 111, Housing Act, 1919 .. 9,049 0 6 106,628 17 6 Less interest on Treasury 554,767 9 7 bills paid in advance .. 21,101 7 8 Instalments of principal over85,527 9 10 due .. 6,368 15 3 Liability to Consolidated Interest receivable— Fund in terms of section Overdue .. .. 4,464 17 7 22, Finance Act, 1926 .. .. 100 0 0 Accrued .. .. 1,228 16 9 Sundry creditors— Insurance premiums receivable Deposits on contracts .. 39,1T>1 8 3 overdue .. .. 189 4 3 Tenancy deposits .. 6,333 8 8 Departmental .. .. 6,176 14 1 567,019 3 5 Miscellaneous .. .. 4,658 14 10 Less amount in hand nn56,330 5 10 allocated .. .. 282 9 4 Insurance Fund .. .. .. .. 33,632 16 1 566,736 14 1 Sinking Fund Reserve .. .. .. 2,214 17 7 Dwellings let (old) .. .. .. 472,218 1 10 Reserves on dwellings com- Dwellings in course of conpleted under new housing struction or completed under scheme .. .. .. .. 181,207 511 new housing scheme .. .. 8,562,617 12 1 Freehold land .. .. .. 1,655,698 13 7 Factories and Plant Capital Account .. .. 41,901 10 3 Plant, tools, and machinery .. .. 626 19 8 Motor-vehicles .. .. .. 3,339 11 3 Furniture and equipment .. .. 7,250 14 8 Construction Branch preliminary expenses .. .. .. 328,720 13 4* Rent receivable— £ s. d. Overdue .. .. 10,514 4 0 Postponed .. .. 1,208 9 9 Accrued .. .. 5,918 17 2 17,641 10 11 Less rent in advance .. 2,453 1 8 15,188 9 3 Sinking Fund investment held by Public Debt Redemption Fund .. .. .. .. 5,569 17 5f Insurance Fund Investment (Government stock) and accrued interest .. .. .. 9,859 9 9 Sundry Debtors— .. £ s. d. Departmental .. .. 34,223 13 11 Miscellaneous .. .. 11,153 15 5 ■ 45,377 9 4 Realization Suspense .. .. 075 17 3 Profit and Loss Account .. .. 116,099 6 9 Cash in bank .. .. .. 86!076 14 9 £11,917,957 15 3 £11,917,957 15 3 R. Robertson, Chief Accountant. A. D. Park, F.1.A.N.Z., F.R.A.N.Z.I T. N. Smallwood Joint Managing Directors. I hereby certify that the Balancc-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.— Cyril G. Collins, Controller and Auditor-General.

* See analysed statement above. f This amount includes the sum of £3,354 10s. lOd. paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1010.

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