8.—13

HOUSING ACCOUNT—continued. Statement of Assets and Liabilities as at 31st March, 1941. Liabilities. £ Assets. £ £ Loan liability .. .. .. .. .. 16,918,945 Principal owing under agreement for Interest on loan liability overdue and accrued .. 103,748 sale and purchase .. .. 113,075 Liability to Consolidated Fund in terms of section 22, Advances under— Finance Act, 1926 .. .. .. .. 100 Part 111, Housing Act, 1919 (loans to Sundry creditors— £ employers) .. .. .. 8,617 Deposits on contracts. . .. .. 38,149 Part V, Housing Act, 1919 (local Tenancy deposits .. .. .. 10,312 authorities: Urban housing) .. 423,342 Rent paid in advance.. .. .. 5,097 Rural Housing Act, 1939 .. 50,122 Departmental .. .. .. 5,710 .—i Miscellaneous .. .. .. 8,882 595,156 ——— 68,150 Instalments of principal overdue .. 6,263 Insurance Fund .. .. .. .. 60,925 Interest ReceivableSinking Fund Reserve .. .. .. .. 2,350 Overdue .. .. .. 2,477 Reserves on dwellings completed under new housing Accrued .. .. .. 1,555 scheme (rates, maintenance, bad debts and vacant Insurance premiums receivable overdue 81 tenancies) .. .. .. .. 257,556 Recoverable expenditure .. .. 82 605,614 Less amount in hand unallocated .. 2,139 603,475 Rented properties (old) .. .. 520,122 Less depreciation reserve .. .. 40,569 479,553 Rented properties (new) .. .. 13,752,015 Less depreciation reserve .. .. 153,636 13,598,379 Dwellings in course of construction under new housing scheme .. .. .. 1,359,155 Freehold land .. .. .. .. 886,651 Factories and Plant Capital Account .. .. 39,539 Plant, tools, and machinery .. .. .. 3,960 Stores .. .. .. .. .. 81 Motor-vehicles .. .. .. .. 2,429 Furniture and equipment .. .. .. 8,174 Construction Branch preliminary expenses in respect of dwellings in course of construction .. .. .. .. 128,950* Rent receivable — Overdue .. .. .. 14,351 Postponed .. .. .. 920 Accrued.. .. .. .. 6,040 — 21,311 Sinking Fund investment held by Public Debt Redemption Fund .. .. .. 5,705'f Insurance Fund Investment (Government Stock) and accrued interest .. .. 9,859 Sundry Debtors— Departmental .. .. .. 53,552 Miscellaneous .. .. .. 8,045 61,597 Realization Suspense .. .. .. 2,239 Profit and Loss Account .. .. .. 118,031 Cash in bank .. .. .. .. 82,686 £17,411,774 £17,411,774 * See analysed statement above. t This amount includes the sum of £3,355 paid into the Sinking Fund In accordance with the Public Debt Extinction Act, 1910. R. Robertson, Chief Accountant. A. D. Park, F.1.A.N.Z., F.R.A.N.Z.\ Joint Ma • Directors. T. N. Smallwood J 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. — Cyril G. Collins, Controller and Auditor-General.

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