40-year Loan of £5,000 in 1913-14 at 24 per cent. Capitalized to date.

40-year Loan of £1,500 in 1916 at 43 per cent. Capitalized to date.

20-year Loan advanced 1925 at 5 per cent.

30-year Loan advanced 1913 -16 free of Interest. Repayable by
equal Annual Instalments.

Loan free of Interest advanced 1914-18.
Annual Instalments expiring 1966-67.

in arrear.

Repayable by equal
Repayments 5 years

£4,166 138. 4d. advanced 1912 free of Interest. Principal to be repaid in 30 equal Annual Instalments to 1947. Repayments 3 years in arrear.

£4,695 30-year Loan advanced 1922. Interest 6 per cent. Principal and Interest 3 years in arrear.

£44,755 38. 8d. 30-year Loan advanced 1916-25. Interest 5 per cent. Part principal and interest 4 years in arrear.

Advanced 1912-17. £12,500. Interest 3 per cent. if profits are sufficient. No Interest or principal received. £2,500 issued 1917. Capitalized to 1 April 1924 Repayable by Annuity expiring 1964. Interest 3 per cent.

10-year Loan advanced 1914-16 free of Interest.

Original Loan of £40,000 advanced 1910-16. Interest at 3 per cent. Capitalized to 1 April 1924. Aunuities to repay Principal and Interest, 1 year in arrear, expire 1959-60.

Balance of Loan advanced 1914 17. Interest 3 per cent. and 4 per cent. Repayable by Annual Instalments up to 1930. Part instalment for 1925 in arrear.

Advanced 1923 and 1924. Interest per cent. Interest half year in arrear.

Advanced 1923 and 1924. Interest per cent.

30-year Loan advanced 1923.
ized for first four years.
Interest expires 1953.
Loan advanced 1923 free of
5 per cent. Agreed to
£ basis of Donations.

Interest 5 per cent. to be capital-
Annuity to repay Principal and

Interest to 30 September 1924, then convert into Grant on a £ for

0. E. Neimeyer,

Accounting Officer.

explanations that I have required, and I certify, as the result of my audit, that in

Malcolm G. Ramsay,
Comptroller and Auditor Gene

REPORT OF THE COMPTROLLER AND
AUDITOR GENERAL.

Advances to Departments.

1. The expenditure out of these Advances is examined under my directions, and particulars of this expenditure and of the balances of these advances remaining with the Departments at 31 March 1926 are appended to the relative Appropriation Accounts.

Advances to other Bodies.

2. The amounts advanced in 1925-26 were duly authorized, and an inspection of the documents furnished to my Department, supplemented by a test in detail of certain expenditures, showed that the conditions laid down by the Development Commissioners and the Treasury for each advance had been fulfilled.

Exchequer and Audit Department. 8 February 1927.

Malcolm G. Ramsay, Comptroller and Auditor General.

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