B.—l [Pt. IV, Sup. B].

STATE ADVANCES OFFlCE— continued. ADVANCES TO LOCAL AUTHORITIES BRANCH— continued. Statement of Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Balance —Interest Account .. .. 7,749 1 0 By Balance—Loss for the year .. .. 8,919 0 7 Management Expenses Account .. .. 1,169 19 7 £8,919 0 7 £8,9.19 0 7 £ s. d. £ s. d. To Balance as at 3.lst March, 1923 .. .. 82,192 6 3 By Balance .. ... .. .. 91,912 610 Loan-flotation charges written down . . 801 0 0 Loss for the year .. ;... .. 8,919 0 7 £91,912 6 10 £91,912 6 10 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 .. .. 103,195 12 8 By Interest on debentures .. 103,847 211 Less accrued at 31st March, Less overdue and accrued at 1923 .. .. 36,385 16 7 31st March, 1923 .. 26,436 18 11 66,809 16 1 - 77,410 4 0 Interest on amounts temporarily transferred Interest on bank balances .. .. 10 2 6 from Settlers Branch .. .. .. 8,250 14 5 Interest on debentures— Interest on loans accrued but not due .. 36,385 16 7 Overdue at 31st March, 1924 3,947 10 5 Accrued but not due at 31st March, 1924 .. .. 22,329 9 2 26,276 19 7 Balance transferred to Profit and Loss Account 7,749 1 0 £11.1,446 7 1 £111,446 7 1 Statement of Manauement Expenses Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Audit Office services .. .. .. 50 0 0 By Balance transferred to Profit and Loss Account 1,169 19 7 Cleaning, lighting, heating, and messenger services .. .. .. .. .. 15 0 0 Management charges, New Zealand stock and bonds .. .. .. .. 308 10 4 Post Office services .. .. .. 25 0 0 Postages and telegrams .. .. .. 24 15 1.1 Printing and stationery .. .. .. 125 0 0 Bent .. .. .. .. .. 71.18 4 Salaries .. .. .. .. .. 550 0 0 £1,169 19 7 £1,169 19 7 Wm. Waddel, Superintendent. 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. PUBLIC DEBT SINKING FUND BRANCH. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. Assets. Sinking fund created under the provisions of the £ s. d. Investment Account—Principal £ s. d. £ s. d. Public Debt Extinction Act, 1910— owing on loans to— Total fund as at 31st March, £ s. d. Settlers .. .. 473,068 12 8 1923.. .. ..2,633,385 18 6 Workers .. .. 69,166 18 1 Principal received from Local bodies .. .. 2,074,786 9 9 Treasury during the year 210,405 0 0 2,617,022 0 0 Interest earned for the year Temporary Advances to Settlers Branch .. 304,000 0 0 ended 31st March, 1924 117,497 10 2 Insurance Premium. Account .. .. 3 11 5 2,961,288 14 8 Interest overdue on loans to— £ s. d. Advances Suspense Account .. .. 665 0 0 Settlers .. .. 1,788 1.9 11 Fire Loss Suspense Account .. .. 520 10 II Workers .. .. 73 10 7 Local bodies .. .. 3,828 16 9 5,691 7 3 Interest accrued on loans to — Settlers .. .. 5,215 0 7 Workers .. .. 757 15 4 Looal bodies .. .. 20,787 13 11 26,760 9 10 Cash in hand andin bank at 31st March, 1924.. 8,996 16 7 £2,962,474 5 7 £2,962,474 5 7

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