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Statement of Profit and Loss Account for the Year ended 31st March, 1925. Dr. £ s. d. Cr. £ s. d. To Balance —Net profits for the year .. ..2 7 0 By Interest Account—Gross profits .. ..270 £2 7 0 £2 7 0 £ s. d. £ s. d. To Balance as at 31st March, 1924 .. .. 712 0 By Net profits for the year .. .. ..270 Balance .. .. .. .. ..550 £7 12 0 £7 12 0 Statement of Interest Account for the Year ended 31st March, 1925. Dr. £ s. d. £ s. d. I Cr. £ s. d. £ s. d. To Interest on loans .. .. 178 17 6 IBy Interest on mortgages . j .. 126 15 7 Less accrued at 31st March, 1924 43 12 3 j Less interest overdue and accrued at 135 5 3 31st March, 1924 .. .. 117 16 0 Interest on loans accrued but not due .. .. 43 12 3 — 8 19 7 Balance—Gross profits transferred to Profit and Interest on bank balances .. .. .. 0 3 0 Loss Account .. .. .. .. 2 7 0 Interest on temporary advances to Settlers Branch 14 8 8 Interest on mortgages — Overdue at 31st March, 1925 .. 153 13 0 Accrued but not due at 31st March, 1925 .. .. .. 4 0 3 157 13 3 £181 4 6 £181 4 6 I • 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.

FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1925. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 09,604 6 2 Investment Account—Principal owing by mortLess loan-moneys written off .. 4,494 6 2 gagors .. .. .. .. .. 49,931 10 3 65,110 0 0 Properties acquired .. .. .. .. 5,212 8 6 Suspense Account .. .. .. .. 402 13 0 Temporary advances to Settlers Branch .. 8,400 0 0 Interest on loans accrued but not due .. .. 1,387 2 11 Sinking Fund investments held by Public Debt Rent accrued but not due .. .. .. 24 11 4 Sinking Fund Branch .. .. .. 658 6 6* Sinking Fund .. .. . . .. 45 9 8 Interest on mortgages— £ s. d. Reserve for losses on realization and bad debts .. 4,845 13 10 Overdue .. .. .. 1,782 19 5 Accrued .. .. .. 428 18 9 — 2,211 18 2 Sundry debtors .. .. .. .. 110 15 2 Profit and Loss Account .. .. .. 5,128 5 7 Cash in hand and in bank at 31st March, 1925 .. 162 6 7 £71,815 10 9 £71,815 10 9 * This amount includes the sum of £612 lt>s lOd. capital paid into the sinking fund in accordance with the Public Debt Extinction Act, 1910. Statement of Profit and Loss Account for the Year ended 31st March, 1925. Dr. £ s. d. Or. £ s. d. To Management Expenses Account .. .. 86 16 9 By Interest Account—Gross profits .. .. 67 0 8 Expenses of realization of assets .. .. 22 11 11 Balance —Loss for the year .. .. .. 42 8 0 £109 8 8 £109 8 8 £ s. d. £ y, {I. To Balance as at 31st March, 1924 .. .. 10,004 14 7 By Interest paid on loan-moneys prior to 31st Loss for the year .. .. .. .. 42 8 0 March, 1923 —Refunded .. .. .. 424 10 10 Principal moneys written off—Freed from liability .. .. .. .. .. 4,494 6 2 Balance .. .. .. .. .. 5,128 5 7 £10,047 2 7 £10,047 2 7

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