NOTE. This Account includes sums of, approximately, £722 in respect of The following payments by way of extra remuneration have been than the Development Fund :—

6011. Os. 9d. from the Vote for Ministry of Agriculture and Fisheries Adviser to that Department and the Development 801. from the Vote for Temporary Commissions, to a clerk on ment Grants Committee

Loans outstanding on 1 April 1921
Loans advanced in 1921-22

Interest capitalized in 1921-22

II. LOANS

£ s. d. 375,442 15 8 124,527 2 11

10,156 14 6

£510,126 13

1

FUND-continued.

the Development Fund in the Year ended 31 March 1922-cont.

salaries, &c., of staff temporarily lent to other Departments. made to members of the Development Commission Staff from Public Funds other

Fisheries, to the late Fisheries Adviser to the Commission who acted as Technical Commission conjointly.

the staff of the Development Commission, for services while lent to the Unemploy

Investments at 1 April 1921, at cost

III.-INVESTMENTS

Cash invested in purchase of £1,580,000 Treasury Bills
Profit realised on £1,230,000 Treasury Bills paid off
Profit realised on £554,600 5 per cent. Exchequer Bonds, 1921
paid off

ACCOUNT.

Cash proceeds of £1,230,000 Treasury Bills paid off.

Cash proceeds of £554,600 5 per cent. Exchequer Bonds, 1921, paid off

1922,

Investments at 31 March 1922, at cost

I have examined the above Accounts. I have obtained all the information and explanations that I