B.—l [Pt. IV, Sup. B].

49

STATE ADVANCES OFFlCE— continued. ADVANCES OFFICE SINKING FUND ACCOUNT— continued. Statement of Interest Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. £ s. d. To Loss on realization of securities .. .. 177 10 2 By Interest on loans to — Interest on investments transferred to the Settlers .. .. .. 39,651 17 10 Sinking Fund Account .. .. .. 76,882 0 7 Workers .. .. .. 3,342 8 11 Local bodies ~ ..15,502 10 6 58,496 17 2 Less overdue and accrued at 31st March, 1923 .. .. 17,946 18 2 . 40,549 19 0 Interest on bank balances .. .. 4 7 0 Interest on temporary advances to Settlers Branch .. .. .. .. 13,046 15 5 Interest overdue at 31st March, 1924, on loans to — Settlers .. .. .. 4,882 13 7 Workers .. .. .. 291 19 11 Local bodies .. .. 1,231 1 8 6,405 15 2 Interest accrued at 31st March, 1924, on loans to — Settlers .. .. .. 13,136 5 3 Workers .. .. . . 857 9 6 Local bodies .. .. 3,059 4 11 17,052 19 8 £77,059 16 9 £77,059 10 9 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. MISCELLANEOUS BUSINESS BRANCH. FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans— £ s. d. Investment Account —Principal owing by mortDebentures .. .. .. 69,610 0 0 gagors .. .. .. .. .. 52,197 19 11 Advances from Consolidated Fund 1,589 710 Properties acquired .. .. .. .. 0,804 1 7 71,199 710 Temporary advances to Settlers Branch .. 5,500 0 0 Sundry creditors .. .. .. .. 116 110 Sinking Fund investments held by Public. Debt Interest on loans accrued but not due .. .. 1,403 10 9 Sinking Fund Branch .. .. .. *511 411 Rent accrued but not due .. .. .. 28 0 0 Interest on mortgages— £ s. d. Sinking Fund .. .. .. .. 22 8 10 Overdue .. .. .. 1,308 11 3 Reserve for losses on realization and bad debts .. 9.340 0 0 Accrued .. .. .. 438 6 0 1,746 17 3 Insurance Premium Account . . .. .. 78 15 0 Sundry debtors .. .. .. .. 97 15 6 Realization Account .. .. .. .. 4,494 6 2 Profit and Loss Account .. .. .. 10,004 14 7 Cash in hand and in bank at 31st March, 1924 . . 673 14 4 £82,109 9 3 £82,109 9 3 * This amount includes the sum of £488 16s. Id. capital paid into the sinking fund in accordance with the Public Debt Extinction Act, IUIO. Statement of Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Balance—lnterest Account .. .. .. 15 19 5 By Balance—Loss for the year .. .. 290 0 6 Management Expenses Account .. . . 100 0 0 Expenses of realization of assets . . .. 174 7 1 £290 6 6 £290 6 6 £ s. d. £ s. d. To Balance as at 31st March, 1923 .. .. 9,714 8 1 By Balance .. .. .. .. .. 10,004 14 7 Loss for the year .. .. .. .. 290 6 6 £10,004 14 7 £10,004 14 7

7 B 1 [Pt. IV, Sup. B],