B.—l [PT. IV], SUP. TO 1932.

GENERAL PURPOSES RELIEF ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1932, Expenditure,. Income. To Losses written off —■ By Interest on advances — £ 8. d. Fire and flood relief— £ s. d. Fire relief .. .. .. .. 638 18 5 Principal .. .. .. .. 1,427 5 11 Flood relief .. .. .. .. 124 8 11 Interest .. .. .. .. 238 10 2 Frost relief .. .. .. 153 1 0 Cider-manufacturing— Hailstorm relief .. .. .. .. 44 14 9 Principal .. .. .. .. 4,030 4 5 In aid of works of production .. .. 585 17 8 Interest .. .. .. .. 103 2 4 Receipts in respect of property taken over: Interest on loans.. .. .. .. 2,800 0 0 Cider-manufacturing —Interest on advance on mortgage .. .. .. .. 14 14 0 Interest on investments .. .. .. 824 8 9 Interest on sinking fund .. .. .. 4 14 6 Balance carried down .. .. 6,208 4 10 £8,599 2 10 £8,599 2 10 £ s. d. £ s. d. To Balance brought down .. .. .. 6,208 410 By Transfer of balance of Bad Debts Reserve .. 514 310 Balance, Ist April, 1931 .. .. .. 527 19 0 Interest due to Consolidated Fund used for Losses in previous years shown in Capital reduction of losses .. .. .. 8,000 0 0 Reduction Suspense Account .. .. 19,939 13 II Redemption under Repayment of Public Debt Act, 1925, used for reduction of losses .. 4,339 14 1 Balance, excess of expenditure over income .. 13,821 19 10 £26,675 17 9 £26,675 17 9 Balance-sheet as at 31st March, 1932. Liabilities. Assets. . Capital — £ s. d. Advances under Appropriation Act, 1918, secLoan under Appropriation Act, 1918, section 33 tion 33, and Public Revenues Act, 1926, sec(Waimarino bush-fire relief) .. .. 70,000 0 0 tion 136— £ s. d. £ s. d. Contribution from Waimarino Bush-fire Relief Fire relief .. .. .. 12,718 7 8 Association .. .. .. .. 5,200 0 0 Flood relief .. .. .. 2,770 15 3 Interest accrued on debentures .. .. 230 2 9 Frost relief .. .. .. 3,604 19 7 Liability to Consolidated Fund for interest .. 214 5 5 Hailstorm relief .. .. 751 18 11 Writings-off in Suspense (as per contra) .. .. 1,665 16 1 Productive works .. .. 12,502 16 5 — 32,348 17 10 Sundry debtors for interest — Fire relief .. .. .. 1,565 9 8 Flood relief .. .. .. 255 3 3 Frost relief .. .. .. 159 17 8 Hailstorm relief .. .. 58 4 7 Productive works .. .. 1,322 18 7 — 3,361 13 9 Interest accrued on advances— Fire relief .. .. .. 144 7 8 Flood relief .. .. .. 20 4 3 Frost relief .. .. .. 45 9 1 Hailstorm relief .. .. 6 18 Productive works .. .. 163 8 11 379 II 7 Debtors, sundry .. .. .. .. 207 14 4 Postponed interest .. .. .. .. 232 2 7 Property Account: Cider-manufacture—Advance secured on portion of property disposed of .. 259 14 9 Interest accrued thereon .. .. .. 3 114 Losses in Suspense .. .. .. .. 1,665 16 1 Interest on investments —- Accrued .. .. .. .. .. 34 1111 Overdue .. .. .. .. .. 0 18 7 OasJi Public Account .. .. .. .. 14,621 10 8 State Advances .. .. .. .. 1,122 1 0 Investments.. .. .. .. .. 9,250 0 0 Income and Expenditure Account .. .. 13,821 19 10 £77,310 4 3 £77,310 4 3

% Note. —Interest on overdue instalments has not been brought into account.

G. C. Rodda, F.R.A.N.Z., Accountant to the Treasury. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental note. The following comment is appended : In the opinion of the Audit Office the transfer to the credit of Income and Expenditure Account of interest due to Consolidated Fund, £8,000, should be appropriated by Parliament. —G. F. C. Campbell, Controller and Auditor-General.

28