8.—13.

Statement of Interest Account for, the Year ended 31st March, 1925. Dr. £ s. d. Cr. £ s. d. £ s. d. To Interest on investments—Transferred to the By Interest on loans to— Sinking Fund Account .. .. .. 133,539 18 11 Settlers .. .. 23,285 7 9 Workers .. .. 3,010 5 7 Local bodies .. .. 93,394 1 6 119,689 14 10 Less interest overdue and accrued at 31st March, 1924 .. 32,451 17 1 87,237 17 9 Interest on bank balances .. .. .. 9 15 0 Interest on temporary advances to Settlers Branch .. .. .. .. 10,052 5 2 Interest overdue at 31st March, 1925, on loans to— Settlers .. .. 2,283 2 4 Workers .. .. 186 6 6 Local bodies .. .. 3,939 15 9 6,409 4 7 Interest accrued at 31st March, 1925, on loans to— Settlers .. .. 7,211 0 11 Workers .. .. 739 17 1 Local bodies .. .. 21,879 18 5 29,830 16 5 £133,539 18 11 £133,539 18 11 Wm. Waddel, Superintendent. State Advances Office, Wellington, 11th June, 1925. 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. STATE ADVANCES OFFICE. ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st Marh, 1925. Liabilities. £ s. d. Assets. £ s. d. Principal received as at 31st Investment Account: PrinciMarch, 1924, with accu- pal owing on loans to — £ s. d. mulated interest from Settlers .. .. 1,139,212 14 4 the— £ s. d. Workers .. .. 76,986 5 7 Advances to Settlers Branch 1,521,489 14 8 Local bodies .. .. 419,067 14 10 Advances to Workers Branch 251,224 13 1 1,635,266 14 9 Advances to Local Authori- Temporary advances to Settlers Branch .. 249,500 0 0 ties Branch .. .. 295,665 11 0 Sundry debtors .. .. .. .. 220 8 2 Interest overdue on loans to — 2,068,379 18 9 Settlers .. .. 5,616 4 2 Interest earned for the year Workers .. .. 296 3 11 ended 31st March, 1925 — Local bodies .. .. 2,245 13 6 Advances to Settlers Branch 66,412 11 1 8,158 1 7 Advances to Workers Branch 2,892 3 3 Interest accrued on loans to— Advances to Local Authori- Settlers .. .. 12,664 11 11 ties Branch .. .. 13,314 7 8 Workers .. .. 833 14 2 — Local bodies .. .. 3,491 2 11 2,150,999 0 9 16,989 9 0 Balance —ftet profits trans- Cash in hand and in bank at 31st March, 1925.. 24,461 19 11 ferred from Advances to Settlers Branch .. .. 13,884 11 7 2,164,883 12 4 Less redemption of loans —Ad - vances to Settlers Branch, £46,700; Advances to Workers Branch, £187,000 233,700 0 0 Total fund at 31st March, 1925 .. . . 1,931,183 12 4 Advances Suspense Account .. .. 2,390 0 0 Fire Loss Suspense Account .. . . 625 0 0 Suspense Account .. .. . ■ • • 398 I 1 £1,934,596 13 5 £1,934,596 13 5

2—B. 13.

9