15

B.—l [Pt. Ill] .

STATE ADVANCES OFFICE. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1921. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 9,283,193 1 10 Investment Account — Temporary advances from Public Debt Total principal owing by mortgagors Sinking Fund Branch .. .. 459,962 0 0 at 31st March, 1921 .. .. 6,918,274 3 3 Temporary advances from Advances Mortgage instalments overdue—lnterest 28,801 17 8 Office Sinking Fund Account .. 445,000 0 0 Interest on mortgages, accrued but not Advances Suspense Account .. .. 29,134 9 6 due .. .. .. .. 75,257 10 6 Fire Loss Suspense Account .. .. 3,189 6 8 Temporary advances to Local AuthoSuspense Account .. .. .. 6,133 3 6 rities Branch .. .. .. 225,000 0 0 Reserve Fund .. .. .. 50,000 0 0 Temporary advances to Workers Branch 330,000 0 0 Interest payable on loans, accrued but Temporary investments .. .. 2,139,773 7 9 not due .. .. .. .. 75,114 12 1 Interest on temporary investments, Profit and Loss Account .. .. 791,099 11 4 accrued but not due .. .. 34,302 1111 Insurance Premiums Account .. 392 11 4 Office Furniture and Equipment Account 1,566 16 8 Realization Account.. .. .. 639 2 8 Sinking Funds— £ s. d. Public Trustee .. 302,904 13 9 Advances Office Sinking Fund Account 963,034 811 Public Debt Sinking Fund Branch .. 10,525 10 7 1,276,464 13 3 Cash in hand and in bank at 31st March, 1921 .. 112,353 9 11 £11,142,826 4 11 £11,142,826 4 11 Statement of Profit and Loss Account for the Year ended 31st March, 1921. Dr. £ s. d. Gr. £ s. d. To Management Expenses Account .. 17,194 18 5 By Interest Account—Gross profits .. 110,086 15 8 Balance —Net profits for the year ended 31st March, 1921 .. .. .. 92,89117 3 £110,086 15 8 £110,066 15 8 £ s. d. £ s. d. To Office Furniture and Equipment Ac- By Balance as at 31st March, 1920 .. 522,028 1 It count written down .. .. 174 1 10 Accumulated profits as at 31st March, Balance—Net profits carried forward 791,099 11 4 1920, on amounts paid to Advances Office Sinking Fund Account .. 175,043 13 5 Accumulated profits as at 31st March, 1920, on amounts paid to Public Debt Sinking Fund Branch .. 850 5 1 Loss on realization, subsequently recovered .. .. .. 459 15 6 Net profits for the year .. .. 92,891 17 3 £791,273 13 2 £791,273 13 2 Statement of Interest Account for the Year ended 31st March, 1921. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest paid on loans.. 345,702 5 4 By Interest received on Less accrued interest at mortgages .. 313,941 12 10 31st March, 1920 .. 74,943 14 3 Less overdue and . 270,758 11 1 accrued at 31st Interest payable on loans, accrued but March, 1920 .. 105,941 11 2 not due at 31st March, 1921 .. 75,114 12 1 208,000 1 8 Interest paid on amounts temporarily Interest on bank balances .. .. 87 11 3 transferred from other branches .. 30,282 6 4 Interest on amount in Advances Office Balance—Gross profits transferred to Sinking Fund Account .. .. 48,804 11 11 Profit and Loss Acoount .. .. 110,086 15 8 Interest on temporary advances to other branches .. .. 11,157 14 8 Interest on amount in Public Debt Sinking Fund Branch .. .. 385 16 0 Interest on temporary £ s. d. investments .. 112,668 19 1 Less accrued interest at 31st March, 1920 33,224 9 6 79,444 9 7 Interest on temporary investments aoorued at 31st March, 1921 .. 34,302 1111 Interest on mortgages— Overdue at 31st £ s. d. March, 1921 .. 28,801 17 8 Accrued but not due at 31st March, 1921 .. .. 75,257 10 6 104,059 8 2 £486,242 5 2 £486,242 5 2