8.—13

6

Statbmhnt of Management Expenses Account for the Year ended 31st March, 1915. Dr. £ s. d. [ Ob. £ s. d. To Audit Office servioes .. .. .. 300 00! By Consent feeß .. .. .. 21 6 0 Commission on money collected .. 1 17 11 Court costs .. .. .. 2 8 0 Overtime, payment for .. .. 128 9 3 j Inspection fees .: . .. .. 8 5 6 Petty general expenses .. .. 156 14 0 Production fees .. .. .. 571 18 6 Postages and telegrams .. .. 515 9 6 1 Release fees .. .. .. 334 13 7 Post Office services .. .. .. 569 3 0 Sundries .. .. .. .. 5 6 6 Printing and stationery .. .. 881 0 0 Balanoe transferred to Profit and Loss Salaries .. .. .. .. 8,275 7 1 Account .. .. .. .. 10,62115 11 Solicitor's costs .. .. .. 10 12 6 Telephones .. .. .. .. 33 9 5 Travelling-expenses .. .. .. 188 11 4 Valuation Department—agoncy work .. 500 0 0 £11,560 14 0 | £11,560 14 0 —— —— —_ . G. F. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 24th June, 1915. Examined and found correct.—Bobert J. Collins, Controller and Auditor-General. ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1915. Liabilities. Assets. £ s. d. £ s. d. Investment Account, less total repay- £ s. d. Sundry loans .. 2,490,657 12 7 ments .. .. .. '.. 2,396,845 12 7 Temporary loan from 1 "Plus mortgage instalments overdue Settlers Branch .. 50,000 0 0 . —principal .. .. .. 5,913 2 6 2,540,657 12 7 ! Interest payable on loans, accrued but Total principal owing by mortgagors not due .. .. .. .. 25,391 3 8 at 31st March, 1915 .. .. 2,402,758 15 1 Advances Suspense Aooouut .. .. 11,210 0 0 'Mortgage instalments overdue—interest 12,686 4 7 Fire Loss Suspense Aocount .. .. 480 0 0 Interest on mortgagos, accruod but not Suspense Aocount .. .. .. 124 9 10 due .. .. .. .. 30,524 13 8 Reserve Fund, being net profits trans- Loan Charges Account .. .. 52,000 0 0 ferred .. .. .. .. 14,365 11 11 Insuranoe Premiums Account .. 198 1 1 Sinking Funds— £ s. d. Public Trustee .. 2,715 17 9 Advances Office Sinking Fund Account 47,747 2 8 Public Debt Extinction Fund Branch .. 568 10 0 51,031 10 5 Cash in hand and in bank at 31st March, 1915 .. .. .. 43,029 13 2 £2,592,228 18 0 £2,502,228 18 0 * Of the mortgage instalments overdue, a largo percentage had been received by Postmasters at 31st March, 191(3, and was in course of transit to this office.

Statement of Profit and Loss Account for the Year ended 31st March, 1915. Dk. £ s. d. Cr. £ s. d. To Management Expenses Aocount .. 2,957 8 1i By Interest Account—gross profits .. 12,562 1 10 Doubtful securities written down .. 254 7 3 Losses on realization of securities .. 103 18 8 Balanoe—net profits for the year , .. 9,246 12 10 i £12,562 1 10 £12,562 1 10 £ s. d. £ s. d. Loan charges written down .. .. 8,74112 6 Net profits for the year .. .. 9,246 12 10 Balance—net profits transferred to Reserve Fund .. .. .... 505 0 4 £9,246 12 10 £9,246 12 10