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MISCELLANEOUS BUSINESS BRANCH. -HOUSING ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1936. Liabilities. Assets. £ s. d. £ s. d. Investment Account : Advances £ s. d. £ s. d. Sundry loans .. .. .. 412,388 9 4 not due — Less loan liability redeemed and Dwellings purchased .. .. 243,352 9 6 discharged from Consolidated Sections purchased .. .. 1,353 15 11 Fund .. .. .. 19,468 9 4 Advances .. .. .. 120 1 8 244,826 7 1 392,920 0 0 Instalments of principal overdue — Less loan liability redeemed by Dwellings purchased .. .. 7,901 6 5 Public Debt Repayment Ac- Sections purchased .. . , 151 12 3 count .. .. .. 100 0 0 Advances .. .. .. 36 18 1 392,820 0 0 8,089 16 9 Liability to Consolidated Fund in terms of section 22, Finance Act, 1926 .. .. 100 0 0 Principal owing by mortgagors.. .. .. 252,916 3 10 Sundry creditors .. .. .. .. 201 15 1 Dwellings let .. .. .. .. 31,175 8 11 Suspense Account .. .. .. .. 19 2 7 Freehold land .. .. .. .. 23,934 7 2 Insurance Fund .. .. .. .. 9,614 10 3 Sinking Fund investment held by Public Debt Interest on loans — £ s. d. Redemption Fund .. . . .. .. *5,027 15 9 Overdue .. .. .. 6,883 8 9 Insurance Fund investment held by Settlers Branch 8,079 13 11 Accrued .. .. .. 5,129 11 6 Sundry debtors .. .. .. .. 90 4 5 12,013 0 3 Interest on dwellings and land— £ s. d. Reserve for bad debts .. .. .. 18,787 16 2 Overdue .. .. .. 7,333 15 1 Sinking Fund .. .. .. .. 1,672 15 11 Accrued .. .. .. 73 17 2 7,407 12 3 Rent overdue .. .. .. .. 2,223 4 8 Insurance premiums— £ s. d. Overdue .. .. .. 398 6 5 Paid in advance .. .. 202 2 5 600 8 10 Realization Suspense Account .. .. .. 8,980 11 9 Profit and Loss Account .. .. .. 82,463 18 8 Cash in hand and in bank at 31st March, 1936 .. 12,329 10 1 £435,229 0 3 £435,229 0 3 * This amount includes the sum of £3,354 19s. lOd. capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Profit and Loss Account for the Year ended 31st March, 1936. Dr. £ s. d. Or. £ s. d. Management Expenses Account .. .. 1,484 8 1 Profit from sale of land .. .. .. 183 19 0 Dwellings maintenance .. .. .. 542 0 8 Balance: Loss for the year .. .. .. 2,912 11 3 Interest Account: Loss .. .. .. 1,070 1 6 £3,096 10 3 £3,096 10 3 £ s. d. £ s. d. Balance as at 31st March, 1935 .. .. 79,551 7 5 Balance .. .. .. .. .. 82,463 18 8 Loss for the year .. .. .. .. 2,912 11 3 £82,463 18 8 £82,463 18 8 Interest Account for the Year ended 31st March, 1936. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. Interest on loans .. .. 13,766 17 6 Interest on land and dwellings .. 13,064 13 10 Less accrued at 31st March, Less overdue and accrued at 1935 .. .. .. 5,129 11 6 31st March, 1935 .. .. 7,806 6 6 8,637 6 0 5,258 7 4 Interest on loans accrued but not due .. .. 5,129 11 6 Interest on temporary investments .. .. 30 16 5 Interest on dwellings and land— £ s. d. Overdue at 31st March, 1936 .. 7,333 15 1 Accrued but not due at 31st March, 1936 .. .. 73 17 2 7,407 12 3 Balance : Gross loss transferred to Profit and Loss Account .. .. .. .. .. 1,070 1 6 £13,766 17 6 £13,766 17 6 Management Expenses Account for the Year ended 31st March, 1936. Dr. £ s. d. Cr. £ s . d. Audit services .. .. .. .. 90 0 0 Tranfer fees .. .. .. .. .. 400 Cleaning, lighting, heating, and messenger services 25 0 0 Balance transferred to Profit and Loss Account .. 1,484 8 1 Commission .. .. .. .. .. 457 14 7 Postages and telegrams .. .. .. 35 14 0 Post Office services .. .. .. .. 40 0 0 Printing and stationery .. .. .. 22 11 6 Public Service Superannuation Fund contribution 15 0 0 Rent .. .. .. .. .. 30 0 0 Salaries .. .. .. .. .. 745 0 0 Solicitors' costs .. .. .. .. 9 10 Sundry fees .. .. .. .. .. 200 Valuation Department : Agency work .. .. 16 7 0 £1,488 8 1 £1,488 8 1 Geo. 6. Rose, Superintendent. F. R. Jamieson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

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