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Statement of Interest Account for the Year ended 31st March, 1916. Da. £ s. d. £ s. d. I Ob. £ s. d. £ s. d. To Interest paid on loans .. 97,891 15 11 By Interest on mortgages ..112,148 14 11 Loss interest aoorued at Less interest overdue and 31st Maroh, 1915 .. 25,391 3 8 aoorued at 31st Maroh, ■ 72,500 12 3 1915 .. .. 43,210 18 3 Interest payable on loans, acorued but 68,937 16 8 not due .. .. .. .. 20,292 8 4 Interest on bank balanoes .. 80 0 0 Interest on amounts temporarily trans- Interest on mortgages— ferred from Settlers Branoh .. 3,278 7 1 Overdue at 31st Balanoe — gross profits transferred to Maroh, 1916 .. 1.1,786 5 8 Profit and Loss Account .. .. 15,437 14 1 Aoorued but not due at 31st March, 1916 .. 30,704 19 5 42,491 5 1 £111,509 1 9 £111,509 1 9

Statement of Management Expenses Account for the Year ended 31st March, 1916. De. £ s. d. Cb. £ s. d. To Audit Offioe services .. .. .. 150 0 0 By Inspection fees .. .. 1 17 7 Commission on money oolleoted .. 4 6 0 Production fees .. .. 2 15 0 Court oosts .. .. .. .. 0 15 0 Release fees .. .. .. 27 5 0 Postages and telegrams .. .. 148 0 6 Sundries .. .. .. .. 4 6 9 Post Office services .. .. .. 400 0 0 Balance transferred to Profit and Loss Printing and stationery .. .. 200 0 0 Account .. .. .. .. 3,141 5 4 Salaries .. .. .. .. 1,994 0 0 Solicitors' oosts .. .. .. 30 8 2 Valuation Department—agency work .. 250 0 0 £3,177 9 8 £3,177 9 8 G. F. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 17th May, 1916. Examined and found correct.—Robert J. Collins, Controller and Auditor-General.

PUBLIC DEBT EXTINCTION FUNDS BRANCH. Statement of Liabilities and Assets as at 31st March, 1916. Liabilities. £ s. d. Atsett. £ s. d. Amount reoeived from Treasury .. 777,074 0 0 Investment Aooount, less £ s. d. Suspense Account .. .. .. 2.36 4 2 total repayments .. 175,238 5 1 Profit and Loss Acoount .. .. 65,554 0 8 Plus mortgage instalments overdue —prinoipal .. 194 16 2 Total prinoipal owing on mortgages advanoed to " Settlers " 175,433 1 3 Investment Account, less total repayments .. 357,088 8 6 Plus mortgage instalments overdue—prinoipal .. 11l 17 10 Total prinoipal owing on mortgages advanced to " Looal Authorities" .. —357,200 6 4 Mortgage instalments overdue —interest 1,033 13 8 Interest on mortgages, aoorued but not due 6,301 4 2 Temporary advances to Settlers Branch .. 291,000 0 0 Insurance Premiums Account .. .. 4 12 6 Cash in hand and in bank at 31st March, 1916 .. .. .. .. 11,891 6 11 i £842,864 4 10 | . £842,864 4 10