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STATE ADVANCES OFFICE.—ADVANCES TO SETTLERS BRANCH— continued. Statement of Management Expenses Account for the Year ended 31st March, 1921. Dr. £ s. d. Gr. £ s. dTo Advertising, newspapers, &o. .. .. 7 3 0 By Consent fees .. .. .. 17 12 1 Audit Office services .. .. .. 300 0 0 Production fees .. .. .. 795 1 8 Inspection fees .. .. .. 64 2 9 Release fees .. .. .. 679 7 6 Petty general expenses .. .. 60 7 11 Balance transferred to Profit and Loss Post Office services .. .. .. 771 0 9 Account .. .. .. .. 17,194 18 5 Postages and telegrams .. .. 995 10 6 Printing and stationery (including office fittings) .. .. .. .. 1,379 18 11 Salaries .. .. .. .. 14,044 7 0 Telephones .. .. .. .. 51 18 7 Travelling-expenses .. .. .. 319 6 5 Typewriters and adding - machines— Repairs .. .. .. .. 43 3 10 Valuation Department—Agency work .. 650 0 0 £18,686 19 8 £18,686 19 8 G. F. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 27th June, 1921. Examined and found correct.—Robert J. Collins, Controller and Auditor-General. ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1921. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 2,419,346 14 1 Investment Account (total principal Temporary advances from Settlers owing by mortgagors at 31st March, Branch .. .. .. .. 330,000 0 0 1921) .. .. .. .. 2,705,357 4 7 Interest payable on loans, accrued but Mortgage instalments overdue—lnterest 8,797 4 0 not due .. .. .. .. 24,963 13 7 Interest on mortgages, accrued but not Advances Suspense Account .. .. 20,730 15 6 due .. .. .. .. 30,572 1 3 Fire Loss Suspense Account .. .. 8 0 0 Loan Charges Account .. .. 12,000 0 0 Suspense Account .. .. .. 1,893 9 5 Insurance Premiums Aocount .. 133 14 6 Reserve Fund .. .. .. 41,520 14 4 Realization Account .. .. .. 724 18 10 Sinking Funds — £ s. d. Publio Trustee .. 2,715 17 9 Advances Office Sinking Fund Account .. 64,663 15 5 Public Debt Sinking Fund Branch .. 4,365 16 11 71,745 10 1 Cash in hand and in bank at 31st March, 1921 .. .. .. 9,132 13 8 £2,838,463 6 11 £2,838,463 6 11 Statement of Profit and Loss Account for the Year ended 31st March, 1.921. Dr. £ s. d. Gr. £ s. d. To Management Expenses Account .. 3,322 2 11 By Interest Account—Gross profits .. 16,299 2 8 Amount lost in transit .. .. 5 0 0 Balance —Net profits for the year .. 12,971 19 9 £16,299 2 8 £16,299 2 8 £ s. d. £ s. d. To Loan-flotation charges written down .. 5,000 0 0 By Accumulated profits as at March, 1920, Balance —Net profits transferred to on amounts paid to Advances Office Reserve Fund .. .. .. 18,480 15 3 Sinking Fund Account .. .. 10,110 8 0 Accumulated profits as at March, 1920, on amounts paid to Public Debt Sinking Fund Branch .. .. 398 7 6 Net profits for the year .. .. 12,97119 9 £23,480 15 3 £23,480 15 3 Statement of Interest Account for the Year ended 31st March, 1921. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest paid on loans .. 95,916 17 6 By Interest on mortgages ..112,65119 7 Less interest accrued at Less interest overdue and 31st March, 1920 .. 24,922 11 8 accrued at 31st March, 70,994 5 10 1920 .. .. 37,585 16 9 Interest paid on amounts temporarily 75,066 2 10 transferred from Settlers Branch .. 6,03114 8 Interest on amount in Advances Offioe ■ Interest payable on loans, accrued but Sinking Fund Acoount .. .. 3,682 12 5 not due .. .. .. .. 24,963 13 7 Interest on bank balances .. .. 812 0 Balance — Gross profits transferred to Interest on amount in Publio Debt Profit and Loss Account .. .. 16,299 2 8 Sinking Fund Branch .. .. 162 4 3 Interest on mortgages— Overdue at 31st March, 1921 .. 8,797 4 0 Accrued but not due at 31st March, 1921 .. 30,572 1 3 39,369 5 3 £118,288 16 9 £118,288 16 9