8.—13

Statement of Interest Account for the Year ended 31st March, 1923. Dr. £ s. d. Cr. £ s. d. £ s. d. To Interest on investments transferred to Sinking By Interest on loans to— Fund Account .. .. .. 103,142 10 7 Settlers .. .. 12,662 5 6 Workers .. .. 343 7 10 Local bodies .. .. 68,128 2 4 81,133 15 8 Less overdue and accrued at 31st March, 1922 .. 22,704 6 4 58,429 9 4 Interest on bank balances .. .. .. 9 5 0 Interest on moneys temporarily transferred to other branches .. .. .. .. 13,454 4 11 Interest overdue at 31st March, 1923, on loans to— £ s. d. Settlers .. .. 1,726 010 Workers .. .. 49 9 6 Local bodies .. .. 4,911 13 1 6,687 3 5 Interest aocrued at 31st Maroh, 1923, on loans to-— Settlers .. .. 4,773 9 10 Workers .. .. 730 13 8 Looal bodies .. .. 19,058 4 5 — — 24,562 711 £103,142 10 7 £103,142 10 7 Wm. Waddel, Superintendent. State Advances Office, Wellington, sth June, 1923. R. Robertson, Accountant. The Audit Office having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. —G. F. C. Campbell, Controller and Auditor-General.

ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1923. Liabilities. £ s. d. £ 8. d. Assets. £ s. d. £ s. d. Principal received as at 31st Investment Account: Principal March, 1922, with aceu- owing on loans to — mulated interest from Settlers .. .. .. 805,089 19 2 the— Workers .. .. .. 74,856 1 1 Advances to Settlers Branch 1,019,250 1 9 Local bodies .. .. 325,413 9 5 Advances to Workers Branch 242,645 19 9 1,205,359 9 8 Advances to Local Authori- Temporary advanoes to Settlers Branch .. 445,500 0 0 ties Branch .. .. 222,559 13 10 Insurance Premium Account .. .. 55 16 9 Interest overdue on loans to— 1,484,455 15 4 Settlers .. .. .. 4,338 12 6 Interest earned for the year Workers .. .. .. 190 18 10 ended 31st March, 1923— Local bodies .. .. 1,626 12 8 Advances to Settlers Branch 57,693 19 3 . 6,156 4 0 Advances to Workers Branch 3,126 1 8 Interest accrued on loans to— Advances to Local Authori- Settlers .. .. .. 8,448 12 6 ties Branch .. .. 12,045 18 1 Workers .. .. .. 810 11 4 Local bodies .. .. 2,531 10 4 1,557,321 14 4 11,790 14 2 Sinking Fund repaid by Public Realization Account .. .. .. .. 177 16 2 Trustee— Cash in hand and in bank at 31st March, 1923.. 68,706 16 3 Advances to Settlers Branch 302,904 13 9 Advances to Workers Branch 2,715 17 9 Advances to Local Authorities Branch .. .. 48,461 0 5 1,911,403 6 3 Transferred from Reserve FundAdvances to Settlers Branch 27,378 13 5 Balance net profits transferred from Advances to Settlers . Branch .. .. 24,891 18 6 1,963,673 18 2 Less redemption of loans — Advances to Settlers Branch, £45,000; advances to Workers Branch, £187,000 232.000 0 0 1,731,673 18 2 : Advances Suspense Account . . .. 5,275 0 0 Fire Loss Suspense Account .. .. 583 4 0 Suspense Account .. .. .. .. 214 14 10 £1,737,746 17 0 £1.737,746 17 0

2—B. 13

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