18

B.—l [Pt. Ill].

STATE ADVANCES OFFICE.—ADVANCES TO LOCAL AUTHORITIES BRANCH—continued. 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 .. 103,195 12 6 : By Interest on debentures— Less accrued interest at Local bodies .. 78,330 17 10 31st March, 1920 .. 36,385 6 7 Section 70 .. .. 1,853 1 7 — 66,810 5 11 | Interest paid on temporary advances .. 11,327 10 5 1 80,183 19 5 Interest payable on loans, accrued but Less interest overdue and not due at 31st March, 1921 ..36,385 6 7 accrued at 31st March, Balanoe transferred to Profit and Loss 1920 .. .. 26,996 12 4 Account .. .. .. .. 7,639 12 11 53,187 7 1 Interest on amounts in Advances Office Sinking Fund Account .. .. 10,376 10 5 Interest on bank balances .. .. 4 15 0 Interest on amounts in Public Debt Sinking Fund Branch .. .. 367 2 10 Interest on temporary in- £ s. d. vestments .. .. 27,512 19 2 Less interest acorued at 31st March, 1920 .. 9,351 3 5 18,161 15 9 Interest on temporary investments, aoorued but not due at 31st March, 1921 9,351 3 5 Interest on debentures— Overdue at 31st March, £ s. d. 1921 .. .. 13,431 12 10 Accrued but not due at 31st March, 1921.. 17,282 8 6 30,714 1 4 £122,162 15 10 £122,162 15 10 Statement of Management Expenses Account for the Year ended 31st March, 1921. Dr. £ s. d. Cr. £ s. dTo Audit Office services .. .. .. 50 0 0 By Balance transferred to Profit and Loss Post Office services .. .. .. 100 0 0 Account .. .. .. 791 16 0 Postages and telegrams .. .. 146 16 0 Printing and stationery .. .. 125 0 0 Salaries ........ 370 0 0 £791 16 0 £791 16 0 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. PUBLIC DEBT SINKING FUND BRANCH. Statement of Liabilities and Assets as at 31st March, 1921. Liabilities. Assets, inking Fund Account, Investment Acoount— £ s. d. created in accord- Total principal owing on mortgages ance with the Pub- advanced to settlers .. .. 243,317 8 0 lie Debt Extinction Total principal owing by local authoAct, 1910— £ s. d. £ s. d. rities .. .. .. .. 993,907 610 Treasury, in respect Interest on mortgages— of sundry loans 1,517,33118 6 Settlers— In respect of loans Overdue at 31st Maroh, £ s. d. raised under the 1921 .. .. 600 12 0 State Advances Aooruedbut not due at Act, 1913— 31st March, 1921 .. 2,500 7 3 Advances to Settlers 3,100 19 3 Branch .. 9,289 9 6 Interest on debentures— Interest to date .. 1,236 1 1 Local Authorities— Advances to Workers Overdue at 31st Maroh, Branch .. 3,805 5 2 1921 .. .. 4,585 2 8 Interest to date .. 560 11 9 Accrued but not due at Advances to Local 31st Maroh, 1921 .. 10,207 2 9 Authorities Branch 8,658 6 10 14,792 5 5 Interest to date .. 1,250 411 Temporary advances to Looal Authorities 1,542,131 17 9 Branoh .. .. .. .. 155,038 0 0 Advances Suspense Account .. .. 3,665 0 0 Temporary advances to Settlers Branch 459,962 0 0 Suspense Account .. .. .. 141 2 8 Insurance Premiums Account .. .. 13 5 Profit and Loss Account —Profits on Cash in hand and in bank at 31st March, Treasury payments .. .. 329,073 8 4 1921 .. .. .. .. 4,892 510 £1,875,011 8 9 £1,875,011 8 9