B.—l [Pt. IV, Sup. B].

44

STATE ADVANCES OFFICE. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 10,540,004 13 3 Investment Account—Principal owing by mortTemporary advances from Advances Office g a gors .. .. .. .. .. 9,501,194 5 3 Sinking Fund Account .. .. .. 160,500 0 0 Temporary advances to Workers Branch .. 775,000 0 0 Temporary advances from Public Debt Sinking Temporary advances to Local Authorities Branch 256,500 0 0 Fund Branch .. .. .. .. 304,000 0 0 Temporary advances to Miscellaneous Business Advances Suspense Account .. .. 67,420 0 0 Branch'.. .. .. .. .. 52,700 0 0 Fire Loss Suspense Account .. .. 3,870 3 3 Sinking Fund investments Suspense Account .. .. .. .. 1.0,314 7 10 held by— Income-tax Suspense Account .. .. 8,292 10 9 Advances Office Sinking £ s. d. Sundry creditors .. .. .. .. '2,813 18 2 Fund Account .. 1,474,789 14 8 Interest on loans accrued but not due .. 104,243 17 4 Public Debt Sinking Fund Sinking Fund .. .. .. .. 1,054,415 0 10 Branch .. .. 18,290 8 1 Reserve Fund .. .. .. .. 25,000 0 0 *1,493,080 2 9 Interest on mortgages— Overdue .. .. 45,861 8 3 Accrued .. .. 100,007 19 4 151,929 7 7 Interest on temporary investments accrued .. 6,829 2 4 Office furniture and equipment .. .. 3,122 1 11 Insurance Premium Account .. .. 502 3 3 Sundry debtors .. .. .. .. 45 8 5 Loan Charges Account .. .. .. 3,903 17 5 Realization Account .. .. .. 3,241 16 9 Cash in hand and in bank at 31st March, 1924 3,426 5 9 £12,281,474 11 5 £12,281,474 11 5 * This amount includes £438,005 Is. lid. capital paid into the sinking funds under the provisions of the State Advances Act. Statement of Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. (I. To Management Expenses Aooount .. .. 21,934 S 0 By Interest Account —Cross profits .. .. 01,305 14 7 Loses on realization of securities and doubtful securities written down .. .. .. 2,451 7 3 Office Furniture and Equipment Account written down .. .. .. .. 164 0 5 Balance —Net profits for the year .. .. 36,755 12 11 £61,305 14 7 £61,305 14 7 £ s. d. £ s. d. To Loan-flotation charges written down .. 205 0 0 By Net profits for the year .. .. .. 30,755 12 11 Sinking fund invested in Public Debt Branch 1,515 14 11 Income-tax .. .. .. .. 7,210 18 0 Balance —Net profits invested in Advances Office Sinking Fund Account .. .. 27,824 0 0 £36,755 12 11 £36,755 12 II Statement of Interest Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 358,941 3 9 By Interest on mortgages .. 338,032 5 10 Less accrued at 31st March, Less overdue and accrued at 1923 .. .. 75,055 9 3 3J.st March, 1923 .. 117,540 18 3 283,885 14 6 221,091 7 7 Interest on loans accrued but not due .. 104,243 17 4 i Interest on outstanding payments .. .. I 12 3 Interest on amounts temporarily transferred Interest on bank balances .. .. ... 401 1 3 from other branches .. .. .. 19,208 10 9 Interest on temporary advances to other Balance —Gross profits transferred to Profit branches .. .. .. .. 03,897 8 9 and Loss Account .. .. .. 61,305 14 7 Interest on temporary investments .. .. 42,967 5 8 Less accrued at 31st March, 1923 .. .. 18,413 8 3 24,553 17 5 Interest on temporary investments accrued at 31st March, 1924 .. .. .. 6,829 2 4 Interest on mortgages — Overdue at 31st March, 1924 45,861 8 3 Accrued but not due at 81st March, 1924 .. .. 106,067 19 4 151,929 7 7 £468,703 17 2 £468,703 17 2 *