B—l3

Dr- £ Gr. £ Interest on stock and debentures .. .. ..1,839,546 Interest on mortgages and current accounts .. .. 2,045,908 Interest on General Reserve Fund investments— Interest concessions on rehabilitation advances : Paid from Payable on State's contribution .. .. .. 104,437 War Expenses Account .. .. .. .. 366,390 Credited to General .. .. .. 69,290 Interest on Government and local- body securities .. .. 171,767 Gross profit transferred to Profit and Loss Account .. 570,792 £2,584,065 £2,584,065 Profit and Loss Account Dr - £ Gr. £ £ Management expenses .. .. .. .. .. 308,318 Gross profit transferred from Interest Account .. .. 570,792 Administration of rehabilitation advances from War Expenses Rentals: Properties acquired .. .. .. 1,112 Account (business, tools of trade, furniture, and miscellaneous Less miscellaneous expenses thereon .. . 512 loans) .. .. .. .. .. .. 87,735 600 Earthquake-damage insurance .. .. .. .. 9,986 Net profit, transferred to Appropriation Account .. .. 165,353 £571,392 . £571,392 Profit and Loss Appropriation Account Dr - £ Gr. £ Provision for taxation .. .. .. .. .. 95,000 Net profit, transferred from Profit and Loss Account .. 165,353 General Reserve Fund (on account of taxation on Reserve Fund accretions) .. .. .. .. .. .. 34,381 Reserve for Losses— New Business .. .. .. 20,038 Balance: Profits payable to Treasury .. .. 15,934 £165,353 £165,353

Kevenue Accounts for the Yeah ended 31st march, 1948 Interest Account

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