B.- 18.

Statement of Interest Account for the Year ended 31st March, 1925. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. .. 251 011 By Interest on bills of sale .. .. 132 18 9 Less accrued at 31st March, 1924 .. 82 18 5 Less overdue and accrued at 31st 168 2 0 March, 1924 .. .. .. 103 15 5 Interest on loans accrued but not due .. .. 77 11 11 29 3 4 Interest on bank balances .. .. .. 5 0 0 Interest on temporary advances to Settlers Branch 92 13 8 Interest on bills o{ sale— Overdue at 31st March, 1925 .. 67 10 9 Accrued but not due at 31st March, 1925 .. .. .. 34 5 0 101 15 9 Balance transferred to Profit and Loss Account . . 17 1 8 £245 14 5 i £245 14 5 Statement of Management Expenses Account for the Year ended 31st March, 1925. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 15 0 0 By Balance transferred to Profit and Loss Account .. 16 18 0 Survey fees .. .. .. .. 1 18 0 £16 18 0 £16 18 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. —6. P. C. Campbell, Controller and Auditor-General.

Approximate Coat of Paper.—Preparation, not given ; printing (1,075 copies), £22.

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