5

8.—13

Statement of Management Expenses Account for the Year ended 31st March, 1919. Dr. £ s. d. I Cr. £ a. d. To Audit Offioe servioes .. .. .. 300 0 0| By Consent fees .. .. .. 15 5 0 Offioe maintenance .. .. .. 3 9 2; Production fees .. .. .. 787 17 9 Petty general expenses .. .. 154 17 0 Release fees .. .. .. 258 3 10 Postages and telegrams .. .. 399 2 2 Sundries .. .. .. .. 16 3 1 Post Office services .. .. .. 540 4 10 Balance transferred to Profit and Loss Printing and stationery .. .. 257 3 10 Acoount .. .. .. .. 9,725 3 7 Salaries .. .. .. .. 7,726 14 3 Telephones .. .. .. .. 39 19 11 Travelling-expenses .. .. .. 193 16 8 Valuation Department—agency work .. 500 0 0 War bonus .. .. .. .. 687 7 5 £10,802 13 3 £10,802 13 3 G. F. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 10th July, 1919. Examined and found correct.—Robert J. Collins, Controller and Auditor-General.

ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1919. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 2,419,346 14 1 Investment Account, less total repayTemporary loans from Settlers Branch 250,000 0 0 ments .. .. .. .. 2,566,949 0 3 Interest payable on loans, accrued but Plus mortgage instalments overdue — not due .. .. .. .. 24,922 11 8 principal.. .. .. .. 9,629 11 9 Advances Suspense Aocount .. .. 1,984 12 6 Fire Loss Suspense Account .. .. 722 16 7 Total principal owing by mortgagors ■Suspense Account .. .. .. 120 0 8 at 31st March, 1919 .. ..2,576,578 12 0 Reserve Fund .. .. .. 20,838 7 0 Mortgage instalments overdue—interest 12,944 16 5 Interest on mortgages, accrued but not due .. .. .. .. 29,981 15 11 Loan Charges Account .. .. 22,000 0 0 lnsuranoe Premiums Aooount .. 330 4 7 Sinking Funds— £ s. d. Publio Trustee .. 2,715 17 9 Advances Offioe Sinking Fund Account.. 43,658 8 10 Public Debt Sinking Fund Branch .. 2,882 410 ■ 49,256 11 5 Cash in bank at 31st March, 1919 .. 26,843 2 2 £2,717,935 2 6 £2,717,935 2 6 Statement of Profit and Loss Account for the Year ended 31st March, 1919. Dr. £ s. d. Cr. £ s. d. To Management Expenses Aocount .. 2,967 0 7 By Interest Aocount—gross profits .. 13,386 12 0 Losses on realization of securities, and doubtful securities written down .. 274 6 10 Balance—net profits for the year .. 10,145 4 7 £13,386 12 0 £13,386 12 0 £ s. d. £ s. d. Loan-flotation charges written down .. 8,000 0 0 Net profits for the year .. .. 10,145 4 7 Balance —net profits transferred to Reserve Fund .. .. .. 2,145 4 7 £10,145 4 7 £10,145 4 7