8.—13

6

Statement of Interest Account for the Year ended 31st March, 1919. Dr. £ s. d. £ s. d. i Cr. £ s. d. £ 8. d. To Interest paid on loans .. 94,829 7 6 By Interest on mortgages ..120,418 10 8 Less interest acorued at Less interest overdue and 31st March, 1918 .. 24,922 11 8 aoorued at 31st Maroh, 69,906 15 10 1918 .. .. 44,585 12 9 Interest paid on amounts temporarily 75,833 3 11 transferred from Settlers Branoh .. 10,543 16 9' Interest on mortgages— Interest payable on loans, acorued but Overdue at 31st not due .. .. .. .. 24,922 11 8 March, 1919 .. 12,944 16 5 Balance — gros-i profits transferred to Acorued but not due at Profit and Loss Account .. .. 13,386 12 0 31st March, 1919 .. 29,981 15 11 42,926 12 4 £118,759 16 3 £118,759 16 3 Statement of Management Expenses Account for the Year ended 31st March, 1919. Dr. £ s. d. Cr. £ s. d. To Audit Offioe services .. .. .. 150 0 0 By Consent fees.. .. .. .. 0 5 0 Commission fees .. ' ... . 0 15 0 Production fees .. .. .. 115 Court costs .. .. .. .. 15 0 Release fees .. .. .. .. 54 10 0 Post Offioe services .. .. .. 400 0 0 Sundries .. .. .. .. 1 19 11 Postages and telegrams .. .. 149 11 11 Balance transferred to Profit and Loss Printing and stationery .. .. 200 0 0 Account .. .. .. .. 2,967 0 7 Salaries .. .. .. .. 1,870 0 0 Solicitor's costs .. .. .. 3 5 0 Valuation Department—agency work .. 250 0 0 £3,024 16 11 £3,024 16 11 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 LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1919. Liabilities. £ s. d. Assets. Sundry loans.. ... .. .. 2,775,529 0 0 Investment Account, less £ s. d. £ s. d. Money received from Treasury in accord- total repayments — ance with section 72, Local Bodies' Local bodies .. 2,062,410 16 9 Loans Act, 1913 .. 3,987 12 10 Section 70, Looal Temporary loan from Public Debt Sink- Bodies' Loans Act, ing Fund Branch .. .. .. 155,038 0 0 1913 .. .. 44,233 19 1 Suspense Acoount .. .. .. 89 6 8 2,106,644 15 10 Interest on loan-moneys, accrued but not Plus mortgage instaldue .. .. .. .. 36,385 6 7 ments overdueprincipal— Looal bodies .. 2,863 5 5 Seotiou7o.. .. 133 11 6 2,996 16 11 Total balanoe of principal owing on . , . mortgages .. .. .. 2,109,641 12 9 Interest on mortgages— Looal bodiesOverdue at 31st £ s. d. Maroh, 1919 .. 6,302 18 7 Aoorued but not due at 31st Maroh, 1919 17,849 15 7 Section 70— Overdue at 31st March, 1919 .. 338 2 6 Aoorued but not due at 31st March, 1919 387 17 11 24,878 14 7 Loan Charges Account .. .. 39,113 5 0 Temporary investments .. .. 545,226 12 3 Interest accrued but not due on temporary investments .. .. 9,351 3 5 Sinking Funds— £ s. d. Publio Trustee .. 48,461 0 5 Advances Office Sinking Fund Account .. 125,422 3 0 Public Debt Sinking Fund Branch .. 6,513 6 7 180,396 10 0 Profit and Loss Acoount .. .. 58,836 17 7 Cash in bank at 31st Maroh, 1919 .. 3,584 10 6 £2,971,029 6 1 £2,971,029 6 1