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Statement of Interest Account for the Year ended 31st March, 1925. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d To Interest on loans .. .. *$,478 17 1 By Interest on mortgages .. 2,459 1.1 2 Less accrued at 31st March, 1924 301 0 7 Less overdue and accrued at 3,177 10 0 31st March, 1924 .. .. 1,479 2 1 Interest on loans accrued but not due . . 269 5 7 980 9 i Balance—Gross profits transferred to Profit and Interest on bank balances .. .. ~ 4 15 0 Loss Account .. .. .. .. 321 10 8 Interest on temporary advances to Settlers Branch .. .. .. 1,288 14 8 Interest, on mortgages— Overdue at 31st March, 1925 757 14 1 Accrued but not due at 31st March, 1925 .. .. 736 13 11 — 1,494 8 0 £3,768 6 9 £3,768 6 9 Statement of Management Expenses Account for the Year ended 31st March, 1925. /V. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 115 0 0 By Balance transferred to Profit and Loss Account .115 0 0 £115 0 0 £115 0 0 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. FISHING INDUSTRY PROMOTION ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1925. Liabilities. £ s. d. £ s. d. Assets. £ s . d. Sundry loans .. .. .. 5,571 8 11 Investment Account —Principal owing on bills of Less loan-moneys written off .. 359 8 11 sale .. .. .. .. 2,635 8 10 5,215 0 0 Temporary advances to Settlers Branch .. 2,165 0 0 Suspense Account .. .. .. .. 36 1 0 Sinking Fund investments held by Public Debt Interest on loans accrued but not due .. .. 77 11 11 Sinking Fund Branch .. .. .. 43 13 8* Sinking Fund . . .. .. .. 210 3 Interest on bills of sale--. £s. d. Overdue .. .. .. 67 10 9 Accrued .. .. 34 5 0 101 15 9 Sundry debtors .. .. .. .. 32 0 6 Realization Account .. .. .. .. 047 Profit and Loss Account .. .. .. 314 |(; 5 Cash in hand and in bank at 31st March, 1925 .. 38 3 5 £5,331 3 2 £5,331 3 2 * This amount includes the sum of £41 3s. sd. 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. Cr. £ s. d. To Balance —Interest Account .. . . 17 1 8 By Balance—Loss for the year ~ .. .. 218 13 8 Management Expenses Account . . .. 16 18 0 Loss on realization of securities .. . . 184 14 0 £218 13 8 £218 13 8 £ s - d. £ g. d. To Balaftce as at 31st March, 1924 .. .. 455 II 8 By Principal moneys written off —Freed from liability 359 811 Loss for the year .. .. .. .. 2fB 13 8 Balance .. .. .. .. .. 314 16 g £674 5 4 £674 5 4

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