B—l3

Revenue Accounts for the Year Ended 31st March, 1950 Interest Account Dr. .£ j Cr. £ Interest on stock and debentures .. .. .. 2,208,455 ! Interest on mortgages and current accounts .. .• 2,414,327 Interest on General Reserve -Fund investments— 1 Interest concessions on rehabilitation advances : Paid from Payable on State's contribution .. .. .. 96,359 j War Expenses Account .. . ■ •• •• 541,897 Credited to General Reserve Fund .. .. .. 83,926 Interest on Government and local-body securities .. .. 180,560 Gross profit transferred to Profit and Loss Account .. 748,044 &U36/784 £3,136,784 Profit and Loss Account Dr. £ Gr. £ £ Management expenses . . .. .. • • • ■ 323,139 Gross profit transferred from Interest Account .. .. 748,044 Administration of rehabilitation advances from War Expenses Rentals : Properties acquired .. . . .. 805 Account (business, tools of trade, furniture, and miscellaneous Less miscellaneous expenses thereon .. .. 407 loans) .. .. .. .. .. •• 102,964 398 Earthquake- damage insurance .. .. .. .. 15,894 Dividends .. .. .. .. •• •• 275 Net profit, transferred to Appropriation Account .. .. 306,720 £748/717 £748,717 Profit and Loss Appropriation Account Dr. £ Gr. £ Provision for taxation .. .. .. .. .. 236,300 Net profit, transferred from Profit and Loss Account .. 306,720 Reserve for Losses: New business .. .. . 20,000 Balance: Profits payable to Treasury .. .. .. 50,420 £306,720 £306,720

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