B.—l ITt. IVI.

5

COLD-STORAGE ADVANCES ACCOUNT— continued. (STATE ADVANCES OFFICE.) Balance-sheet as at 31st March, 1923. Liabilities. £ a. d. Assets, £ s. d. Sundry loans .. .. .. .. 82,750 0 0 Investment Account—Principal owing by mortSundry creditors .. .. .. .. 451 3 3 gagors .. .. .. .. .. 7.1,219 SII Interest on loans, accrued bill not duo .. 293 18 5 Sinking Fund investments .. .. .. *027 18 2 Bad debts reserve .. .. .. .. 7,720 15 2 Interest on mortgages —] £ s. d. Overdue .. .. .. 761 0 0 Accrued .. .. .. 885 2 3 1,646 2 3 Sundry debtors .. .. .. .. 1,880 3 2 Profit and Loss Account .. .. .. 8,860 10 3 Cash in hand and in bank at 31st March, 1923 6,984 I I I £91,218 16 10 £91,218 16 10 * This amount represents capital paid Into the sinking funds under tlic provisions vi the Public Debt Extinction Act, 1910. Profit and Loss Account for the Five Months ended 31st March, 1923. Dr. £ s. d. : Or. £ s. d. To Management Expenses Account .. .. 52 0 0 By Interest Account —Gross profits .. .. 3 0 7 Balance —Loss for the five months .. .. 48 13 5 i l £52 0 0 ! £52 0 0 £ s. d. £ s. d. To Balance as at 31st October, 1922 .. .. 9,275 II 0 By Transfer from Sinking Fund Reserve Account Loss for the five months .. .. .. 48 13 5 Adjusting sinking funds debited to Profit and Loss Account .. .. .. .. 463 14 2 Balance .. .. .. .. .. 8,800 10 3 ' £9,324 4 5 £9,324 4 5 Interest Account for the Five Monihs ended 31st March, 1923. Or. £ s. d. Or. £ s. d. £ a. d. To Interest on loans .. .. .. 1,111 2 1 By Interest on mortgages .. 1,012 12 5 Interest on loans, accrued but not due .. 293 18 5 Interest on mortgages, overBalance—Cross profits transferred to Profit and due at 31st Miircb, 1923.. 761 0 0 Loss Account .. .. .. .. 3 6 7 Interest on mortgages, accrued but not due at 31st March, 1923 .. .. .. 885 2 3 2,688 14 8 Loss overdue and accrued at 31st October, 1922 .. 1,281 5 I — 1,407 9 7 Interest on bank balances.. .. .. 0 17 6 £1,408 7 1 £1,408 7 I Management Expenses Account for the Five Months ended 31st March, 1923. Or. £ s. d. Or. £ s. d. To Administration expenses .. .. .. 42 0 0 By Balance transferred to Profit and Loss Account 52 0 0 Audit services .. .. .. 10 0 0 £52 0 0 • £52 0 0 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.