17

B.—l [Pt. lIIJ.

STATE ADVANCES OFFICE—ADVANCES TO WORKERS BRANCH.—continued. Statement of Management Expenses Account for the Year ended 31st March, 1921. Dr. £ s. d. Gr. £ s. d. To Audit Office services .. .. .. 150 0 0 By Production fees .. .. .. 329 11 6 Post Office services .. .. .. 400 0 0 Release fees .. .. .. 265 5 0 Postages and telegrams .. .. 145 2 0 Balanoe transferred to Profit and Loss Printing and stationery .. .. 200 0 0 Aeoount .. .. .. .. 3,322 211 Salaries .. .. .. .. 2,670 0 0 Sundries .. .. .. .. 1 17 5 Valuation Department—Agency work .. 350 0 0 £3,916 19 5 £3,916 19 5 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 LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1921. Liabilities. £ s. d. Assets. Sundry loans .. .. .. 2,775,529 0 0 Investment Account, less £ s. d. £ s. d. Money reoeived in accordance with sec- total repayments— tion 72, Local Bodies' Loans Act, 1913 3,987 12 10 Local bodies .. 2,206,904 10 4 Temporary advances from Settlers Branch 225,000 0 0 Section 70, Looal Temporary advances from Public Debt Bodies' Loans Act, Sinking Fund Branch .. .. 155,038 0 0 1913 .. .. 43,255 8 0 Suspense Account .. .. .. ' 73 17 6 Interest on loan-moneys, accrued but not Total balanoe of principal owing on due .. .. .. .. 36,385 6 7 debentures .. ' .. .. 2,250,159 18 4 Interest on debentures — Looal bodiesOverdue at 31st £ s. d. March, 1921 .. 12,571 15 8 Aoorued but not due at 31st March, 1921 16,988 9 1 Section 70— Overdue at 31st March, 1921 .. 859 17 2 Accrued but not due at 31st Maroh, 1921 293 19 5 30,714 1 4 Loan Charges Account .. .. 32,873 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 .. 211,046 19 0 Public Debt Sinking Fund Branch .. 9,908 11 9 • 269,416 11 2 Profit and Loss Account .. .. 25,318 12 10 Cash in hand and in bank at 31st March, 1921 '.. .. .. .. 32,953 12 7 3,196,013 16 11 £3,196,013 16 11 Statement of Profit and Loss, Account for the Year ended 31st March, 1921. Dr. £ s. d. Cr. £ s. dTo Management Expenses Account .. 791 16 0 By Interest Account—Gross profits .. 7,639 12 11 Balance —Net profits for the year .. 6,847 16 11 £7,639 12 11 £7,639 12 11 £ s. d. £ s. d. To Balance as at 31st Maroh, 1920 .. 60,896 10 3 By Accumulated profits as at March, 1920, Loan-flotation chargis written down .. 6,240 0 0 on amounts paid to Advances Office Sinking Fund Account .. .. 34,086 18 5 Accumulated profits as at March, 1920, on amounts paid to Public Debt Sinking Fund Branch .. .. 883 2 1 Net profits for the year .. .. 6,847 16 11 Balance .. .. .. .. 25,318 12 10 £67,136 10 3 £67,136 10 3 3—B. 1 [Pt. Ill] .