BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1923-24.

Appendix to the Journals of the House of Representatives, 1924 Session I, B-01-part06

B.—l [Pt. IY, Supplement B].

1924. NEW ZEALAND.

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1923-24.

AUDITED ACCOUNTS.

CONTENTS. Pago . p age Audit Department .. .. .. .-.3 Loans to Employers for Workers' Dwellings Aooount 5.'! Bank of Now Zealand Shares .. .. ..5 Main Highways .. .. .. ..5 Cheviot Estate Account .. .. ..5 Marine Department .. .. .. ..32 Cold-storage Advances Account .. .. ..50 Mines Department .. .. .. ..91 Cook Islands Department .. .. .. (i7 Mining Companies, Advances to .. .. ..93 Crown Law Office .. .. .. .. 66 National Endowment Trust Account .. .. 5 Customs Department .. .. .. .. 4 National Provident Fund .. .. .. 35 Defence Department .. .. .. ..81 National Provident Fund and Friendly Societies Discharged. Soldiers Settlement Aooount .. .. (i Department .. .. .. ..34 Discharged Soldiers Settlement Depreciation Fund Native Department .. .. ~ ..30 Account .. .. .. .. .. 80 Native Trust Officio .. .. .. .. 37 Education Endowment Deposit Account (Primary).. 68 Naval Defence.. .. .. .. ..38 Education Endowment Deposit Account (Secondary) 69 New Zealand Consols .. .. .. ..76 Electoral Department .. .. . . 70 Printing and Stationery Department .. .. 39 Electric Supply Account .. .. ..9 Publio Service Commissioner's Office .. ..40 Ellesmere and Forsyth Reclamation and Akaroa Publio Trust Office .. .. .. ..41 Railway Trust Account .. .. ..23 Railways .. .. .. .. ..77 External Affairs Department .. .. ..71 Rangitaiki Land Drainage Account .. ..43 Fishing Industry Promotion Account .. .. 51 Repatriation Department .. .. ..94 Fruit-preserving Industry Account .. 49 Reserve Fund .. .. ~ .. 95 German Dyes .. .. .. .. ..27 State Advances Office .. .. .. ..44 Government Accident Insurance Department .. 25 State Coal-mines . . .. .. .. 54 Government Fire Insurance Fund .. 72 State Fire Insurance Office .. .. 26 Government Life Insurance Department .. '.. 24 Superannuation Funds — Housing Account .. .. .. ..52 Public Service .. .. .. ..59 Hunter Soldiers'Assistance Trust Account .. 24 Railways .. .. .. .. .. 60 Industries and Commerce Department .. ..28 Teachers .. .. .. .. ..61 Internal Affairs Department .. .. 85 Tongariro National Park .. .. .. 62 Justice Department .. .. .. .. 30 Treasury Department .. .. .. .. 62 Kauri-gum Industry Account .. .. .. 31 Valuation Department .. .. .. .. 63 Labour Department .. .. .. 73 Wostport Harbour Account -.. .. .. 96 Land and Income Tax Department .. ..74 Wheat Control.. .. .. .. ..64

1 —B. 1 [Pt. IV, Sup. B].

B.—l [P T . IV, Sup. B].

2

UNDER AUDIT. Education Department. Nauru and Ocean Islands Account. General Purposes Relief. Pensions Department. Hauraki Plains Settlement Account. Police Department. Health, Department of. Post and Telegraph Department. Immigration Department. Stamp Duties Department. Land and Deeds Department. State Forest Service. Land for Settlements Account (Discharged Soldiers Swamp Land Drainage Account. Settlement Account). Tourist and Health Resorts Department. Lands and Survey Department. Waihou and Ohinemuri Rivers Improvement Account, National Endowment Account. War Expenses Account. OUTSTANDING. Agriculture, Department of. Mental Hospitals Department. Irrigation Works. Native Land Settlement Account. Land for Settlements Account, Prisons Department. Land for Settlements Account (opening up Crown Public Works Department. Lands for Settlement). Scenery Preservation Account. Legislative Department.

3

B. —1 [Pt. IV, Sup. Bj.

AUDIT DEPAETMBNT. Inoome and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. 32,999 14 U By Audit fees .. .. .. f8,966 18 7 Advertising, books, and publications.. 34 12 3 Penalties under the Public Contracts Allowances to Audit officers, London 117 9 10 and Local Bodies Contractors Act, Allowances for performing higher duties 53 8 7 1908 .. .. .. .. 130 0 0 Law-costs .. .. .. 6 17 9 Excess of expenditure over income .. 21,384 14 1 Office fittings and requisites 42 19 10 Overtime and meal-allowance .. 140 3 3 Postage, telegrams, and rent of boxes 197 3 5 Printing and stationery .. .. 315 5 I Rent .. .. ' .. .. 1,138 13 3 Telephone services .. .. 116 16 3 Temporary assistance .. .. 1,054 .10 1 Transfer and removal expenses .. 448 17 7 Travelling-expenses .. .. 3,660 2 6 Depreciation .. .. .. 147 5 4 Furniture and fittings broken and lostWritten off to Suspense .. .. 7 12 9 £40,481 12 8 £40,481 12 8 £ s. d. £ s. d. To Balance carried down .. .. 21,384 14 1 By Excess of expenditure over inoome Interest on capital .. .. 92 3 11 after charging interest on capital .. 21,476 18 0 £21,476 18 0 £21,476 18 0 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. Capital .. .. .. .. 2,039 5 0 £ s. d. £ s. d. Treasury Adjustment Account.. .. 22,361 211 Furniture and fittings .. 1,376 11 3 Sundry creditors .. .. .. 301 7 2 Add additions .. .. 22 7 9 Depreciation reserve .. .. .. 433 5 0 1,398 19 0 Writing off Suspense Account .. .. 712 9 Books .. .. .. 444 16 3 Add additions .. .. 50 17 6 495 13 9 Mechanical appliances .. 217 17 6 Add additions .. .. 18 0 0 235 17 6 Sundry debtors .. .. .. 1,446 12 10 Stamps .. .. .. .. 24 2 1 Stationery .. .. .. 54 3 5 Expenses paid in advance .. .. 10 6 3 Excess of expenditure over income .. 21,476 18 0 £25,142 12 10 £25,142 12 10 G. E. C. Campbell, Controller and Auditor-General. J. H. Eowler, Chief Clerk. 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, except that the accounts include charges against the Department for assessed rent and interest for which the Department possesses no parliamentary appropriation. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [FT. IV, Sup. B],

CUSTOMS DEPARTMENT. Revenue Account for Year ended 31st March, 1.924.- -/>, £ s. d. £ s. d. Or. £ s. d. To Administrative charges— By Customs and excise duties .. 7,360,550 2 (i Salaries .. ..79,580 17 9 Beer duty .. .. .. 632,031 10 7 Allowances, overtime, Warehouse license fees .. .. 6,493 4 3 and rewards .. 3,687 0 7 Customs Agents'license fees .. 309 0 0 Expenses of Official Brewery supervision fees .. .. 1.327 li) 8 Representative, Hop-beer license fees .. .. Ill'ls 0 London .. 476 8 0 Customs fines .. .. .. 201 0 0 Expenses of Official Distillation Act license fees .. 141 10 0 Repre s e ntativc, Tobacco Act license fees .. .. 83 0 0 New York .. 1,254 3 10 Sale and disposal of seizures .. 30 8 3 Payments to other Immigration Restriction Act— Departments for Chinese poll-tax .. .. 10,000 0 0 services of officers 4,873 910 Miscellaneous revenue .. .. 32 18 3 Postage, telegrams, and rent of boxes.. 830 13 8 Printing and stationery .. .. 1,853 17 5 Telephone services .. 646 10 1 Temporary assistance 656 0 5 Transfer and removal expenses .. 1,940 17 11 Travelling expenses and allowances .. 568 11 2 Rent .. .. 5,093 10 7 Maintenance and repairs .. .. 385 0 9 Miscellaneous expenses of Head Office and local offices .. 2,301 17 5 : 104,148 19 5 Depreciation .. .. .. 641 6 1 Grant to Cook and Niuo Islands Governments .. .. .. 2,259 3 1 Main Highways Account .. 113,681 19 8 Balance carried down .. .. 7,790,581 0 3 £8,011,312 8 6 £8,011,312 8 0 £ s. d. £ a. d. To Interest on capital .. .. 1,163 13 3 By Balanco brought down ~ 7,790,581 0 3 Excess of revenue over expenditure 7,789,417 7 0 £7,790,581 0 3 £7,790,581 0 3 Percentage cost of collection : 1 -3 = £1 6s. Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. Capital .. .. .. .. 25,859 3 9 £ s. d. £ s. d. Sundry creditors— £ s. d. Office furniture, and fittings 6,142 6 3 Outstanding expenses .. 1,763 5 7 Additions during year .. 318 1 9 Fees received in advance 6,470 5 0 > 6,460 8 0 Main Highways Account 5, 247 3 7 Mechanical office appli13,480 14 2 ancos .. .. 584 3 4 Deposits Accounts— Additions during year .. 45 7 3 Customs duties ..89,030 9 7 629 10 7 Immigration Restriction Buildings .. ..11,080 14 2 Act .. .. 300 0 0 Additions during year . . 1,467 10 7 89,330 9 7 12,548 10 9 Depreciation Reserve . . .. 1, 733 4 1. Reserves .. .. .. 8,052 0 Excess of revenue over expenditure .. 7,789,417 7 0 Sundry debtors— Post and Telegraph Department — Customs and beer duty on hand, 31st March, i924 .. 26,640 7 0 Fees paid in advance.. 46 17 6 26,687 4 6 Deposits Accounts— Receiver-General ..81,495 0 0 Collectors of Customs .. 7,535 9 7 89,030 9 7 Treasury Adjustment Account .. 7,776,412 15 2 £7,919,820 18 7 £7,919,820 18 7 GEO. CRAIG, Comptroller of Customs. I hereby certify that the. Revenue 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, except that the accounts include, charges for rent, interest, and the construction and maintenance, of buildings for which the Department possesses no parliamentary appropriation, and also charges for services rendered to other Departments for which those Departments possess no parliamentary appropriation. —G. F. C. Campbell, Controller and Auditor-General.

4

5

8.--1 [PT. IV, Sup. B],

BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account for Period 28th November, 1895, to 31st March, 1924. Expenditure. £ s. d. Income. * £ s. d. To Interest on consolidated stock .. 614,673 6 4 By Dividends received and declared to Management charges on consolidated 31st March, 1924, credited Consolistock.. .. .. .. 6,431 10 0 dated Fund .. .. .. 1,502,836 7 5 Charges and expenses of raising loans 15,100 0 0 Excess of income over expenditure.. 866,631 11 1 £1,502836 7 5 £1,502,836 7 5 Balance-sheet as at 31st March, 1924. Liabilities. A ssets. Capital Account — £ s. d. Bank of Now Zealand shares— . £ s. d. New Zealand consolidated 500,000 preference "A " shares stock-- £ (nominal value).. .. .. 500,000 0 0 3 J per cent. .. ..515,100 1,000,000 preference "B" shares 4 per cent. .. .. 375,000 (nominal value).. .. .. 1,000,000 0 0 . Dividends declared to 31st March, 1924, 890,100 but not paid .. .. .. 62,435 13 9 Ordinary Revenue Account— Treasury Adjustment Account .. 826,178 14 4 Investment Account .. 375,000 1,265,100 0 0 Capital Reserve Account—■ Bonus shares (375,000 pre-ference-*'B " shares) .. 375,000 Less premium on 37,500 "B " preference shares purchased in 1914 .. 125,000 250,000 0 0 Accrued interest on consolidated stock.. 6,882 17 0 Excess of income over expenditure .. 866,631 11 1 £2,388,614 8 1 £2,388,614 S I J. J. Esson, Secretary to the Treasury. 1 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. G. F. C. Campbell, Controller and Auditor-General. CHEVIOT ESTATE ACCOUNT. Revenue Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Remissions of rent .. .. .. 18 9 By Accrued rent .. .. .. 19,362 16 3 Rents written off Suspense .. .. 186 4 0 Interest on investments .. .. 7,959 4 2 Rebates granted .. .. .. 1,705 16 9 Profit on sale of British War Loan stock 519 4 1 Management expenses of inscribed stock .. . . .. .. 75 1 3 Administration expenses .. .. 1,088 17 5 Interest on inscribed stock .. .. 8,890 8 I Balance carried down .. .. 15,893 8 3 £27,841 4 6 £27,841 4 6 £ s. d. £ s. d. To Sinking Fund Reserve .. .. 461 10 8 By Balance brought down .. .. 15,893 8 3 Balance ~ .. .. .. 229,691 16 4 Balance from previous years .. 214,259 18 9 £230,153 7 0 £230,153 7 0 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ , s. d. Inscribed stock under Now Zealand Loans Land .. .. .. .. 392,300 0 0 Act, 1908 .. .. .. .. 253,318 0 0 Unpaid purchase price (not yet payable) Interest due on inscribed stock .. 2,186 3 2 of buildings .. .. .. 219 0 Appreciation of Assets Reserve .. 120,162 0 0 Sundry debtors for rents .. .. 2,128 18 6 Sinking Fund Reserve .. .. 1,778 16 2 Rents written off Suspense .. .. 563 19 0 Rents paid in advance .. .. 74 12 6 Sundry debtors for interest on investments 2,582 13 7 Rents written off Suspense .. .. 563 19 0 Sinking fund .. .. .. 1,778 16 2 Balance of Revenue Account .. .. 229,691 16 4 £ s. d. Cash in Public Account 5,778 0 11 Investment Account .. 202,640 0 0 208,41.8 0 11 £607,775 7 2 £607,775 7 2 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Chief Accountant. I hereby certify that the Revenue Account and balance-sheet have been duly examined and compared with the copies of journal entries of the District Lands Office, Christchurch, submitted for audit, and correctly state the position as disclosed thereby. The Revenue Account includes rents due for the period Ist July, 1923, to 30th June, 1924.—G. F. C. Campbell, Controller and AuditorGeneral.

B.—l [Pt. IV, Sup. B].

6

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1924. Receipts. £ s. d. Payments. Cash in hand, Ist April, 1923 .. .. 355,781 18 1 Advances on mortgage— £ s. d. £ s. d. £ s. d. Current Account .. 583,633 7 5 Debentures issued .. 37,500 0 0 Section 2, farms .. 41,727 3 0 Debentures issued—Trans- Section 2, dwellings ..571,161 6 7 fer from Loan Stamp 1,196,521 17 0 Duty Suspense Account 144 0 2 Miscellaneous advances .. .. .. 2,310 10 8 ■ 37,644 0 2 Plant Account—Purchase of motor-cars .. 1,670 6 0 Repayment of advances— Office requisites .. .. .. 0 12 6 Current Account .. 406,039 13 4 Purchase of and charges on live and dead Section 2, farms, &c. .. 66,016 13 1 stock .. .. .. .. 1,929 14 4 Section 2, dwellings, &c. 322,051 17 0 Sundry Estates Account —Purchases of Miscellaneous advances.. 1,732 11 8 live and dead stock and working expenses 3,759 18 2 795,840 15 1 Working-expenses of farms acquired under Property Account .. .. .. 12,637 10 7 exercise of power of sale .. .. 3,814 12 11 Realization Account .. .. .. 28,884 1 5 Property Account, Freehold and Leasohold Sales of live and dead stock .. .. 11,835 1 2 —Capital expenditure .. .. 5,135 9 4 Sale of farm-produce .. .. .. 7,181 9 6 Instalments on State Advances mortgages 870 4 9 Sundry Estates Account —Sales of live and Realization Account—Expenses incidental deadstock .. .. .. .. 7,400 0 3 to acquisition by Crown and purchase Sale of plant .. .. • .. .. 219 14 9 of stock, &c. .. .. .. 13,457 15 11 Hire of plant and buildings—Swanson .. 249 19 3 Sundry Creditors Account—Accounts not Interest on advances— £ s. d. cleared in Treasury books in previous Current Account .. 112,071 1 6 years .. .. .. .. 22,196 5 0 Section 2, farms .. 1.98,763 3 2 Sinking Fund Account —Section 4, Finance Section 2, dwellings ..317,086 16 11 Act, 1919 .. .. .. .. 11,910 9 2 627,921 1 7 Interest on debentures .. .. .. 343,219 15 8 Interest on investments .. .. 9,948 17 0 Charges and expenses of raising loans .. 78 13 11 Rents and grazing fees .. .. 7,359 0 9 Stamp duty on loans raised .. .. 144 0 2 Valuation foes.. .. .. .. 927 0 6 Loans Redemption Account — £ s. d. Recovery from merged interests—■ Loans redeemed .. 2,600 0 0 Section 20, Discharged Sol- Amortization of debt . .. 500 0 0 diers Settlement Amendment 3,100 0 0 Act, 1923 — £ s. d. Vote, " Expenses of ManagePrinoipal .. .. .. 22 7 7 ment"— Interest .. .. .. 50 7 2 Supervision, management £ s. d. 72 14 9 of securities .. .. 39,251 5 6 Suspense Account .. .. .. 2,821 19 9 Inquiry Board expenses .. 5,719 0 10 Fire Loss Suspenso Account .. .. 9,954 17 0 Revaluation Committees' Production and transfor foes .. .. 684 4 0 oxpensos .. .. 12,419 14 2 Sundries .. .. .. .. 1,052 6 0 57,390 0 6 Travelling-expenses of Supervisors and Inspectors .. .. .. .. 2,806 13 2 Maintenance and upkeep of plant .. 828 14 5 Rent of Supervisor's office .. .. 37 17 10 Printing and stationery.. .. .. 460 lSjjfcl Valuation expenses .. .. .. 4,806 12 5 Suspense Account .. .. .. 1,809 14 11 Fire Loss Suspense Account .. .. 3,698 7 8 Miscellaneous expenses in connection with properties acquired through exercise of power of sale, &c. .. .. .. 3,870 4 1 Sundries .. .. .. .. 26 13 11 Balance (vide Treasury Ac- £ s. d. counts) 31st March, 1924 237,974 8 11 Less accounts paid by imprestoes but not cleared in Treasury books at 31st March, 1924 .. .. 5,413 16 10 232,560 12 1 £1,918,416 11 7 £1,918,416 11 7 Revenue Account for the Year ended 31st March, 1924. Debits. £ s. d. Credits. Interest on capital .. .. .. 874,473 5 9 Interest on advances — £ s. d. £ s. d. Charges and expenses raising loans —Propor- Current Account .. 160,735 5 7 tion written off .. .. .. 10,078 13 11 Farms, orchards, &o. ..384,48116 5 Stamp duty on loans raised .. .. 144 0 2 Dwellings, business preSinking Fund reserve .. .. .. 11,910 9 2 mises, &c. .. ..349,682 10 10 Expenses of management .. .. 38,968 19 7 894,899 12 10 Inquiry Board expenses .. .. 5,527 16 7 Interest on surplus funds temporarily inPrinting and stationery.. .. .. 460 7 0 vested .. .. .. .. 6,541 1 4 Depreciation reserve on plant .. .. 705 17 4 Interest on sundry sales .. .. 36 12 0 Maintenance and upkeep of plant .. 828 4 6 Interest on purchase prico of stock, Matai-Travelling-expenses of Supervisors and In- kona Settlement .. .. .. 551 0 2 spectors .. .. .. .. 2,802 II 1 Rent of properties .. .. .. 9,573 18 11 Rent of Supervisor's office .. .. 37 17 10 Hire of buildings and plant, Swanson Block 250 0 3 Valuation expenses .. .. .. 4,996 19 0 Profit on sale of properties .. .. 1,590 17 4 Refund of rent .. .. .. 310 6 Profit on sale of live and dead stock .. 144 13 0 Rebate of interest .. .. .. 38,651 9 4 Sale of farm-produce, &o. .. .. 7,350 8 10 Remission of interest .. .. .. 3,075 2 5 Valuation fees received.. .. .. 924 8 6 Loss on realization of securities —■ Writings Production and transfer feos .. .. 752 9 8 off in Suspense .. .. .. 31,582 6 6 Sundries .. .. .. .. 109 12 6 Interest written off —Postponements under Net loss for year ... .. .. 110,142 13 3 section 16 of Disoharged Soldiers Settlement Act, 1921 .. .. .. 921 16 11 Working-expenses of farms acquired by Crown 3,896 9 8 Sundries .. .. .. .. 3,801 11 4 £1,032,867 8 7 £1,032,867 8 7 £ s. d. £ s. d. Net loss for year carried down .. .. 110,142 1.3 3 Balance—Not loss to 31st March, 1924 .. 270,908 14 11 Loss forward from previous year.. .. 160,766 1 8 £270,908 14 II £270,908 14 11

7

B.—l [Pt. IV, Sup. B].

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT— continued. Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. Capital Account — £ s. d. Advanoes on mortgages— £ s. d. £ s. d. Securities issued .. 6,569,065 16 8 Current Account .. 3,202,084 9 8 Transferred from Con- Farms, orchards, &o. 7,549,760 17 0 solidatedFund .. 13,500,000 0 0 Dwellings, business — 20,069,065 16 8 premises, &c. ..7,054,118 0 10 Interest on loans accrued to 31st March, ■ 17,805,963 7 6 1924, but not payable on that date .. 102,323 911 Instalments of principal Sundry creditors —Interest on seourities .. 2,106 18 2 outstanding— Consolidated Fund — £ s. d. Farms, orchards, &c. .. 117,122 17 9 For loans redeemed .. 2,500 0 0 Dwellings, business preFor interest unpaid ..540,000 0 0 mises, &c. .. .. 19,549 13 11 542,500 0 0 136,672 11 8 Sundry creditors —Payments in advance.. 2,893 16 5 Unpaid purchase price (not yet payable) Land for Settlements Account —Accrued of buildings .. .. .. 1,677 18 2 interest on purchase-money, Mataikona Sundry debtors, for instalments of principal Settlement.. .. .. .. 12,954 0 0 on buildings .. .. .. 7 17 7 Sundry creditors for — Instalment of principal postponed .. 5,544 17 7 Miscellaneous services .. .. 62 8 0 Interest outstanding— £ s. d. Advances from State Advances on pro- Current Account .. 161,455 17 6 perties acquired by Crown .. .. 9,562 9 3 Farms, orchards, &o. .. 429,312 19 7 Property Account —Deposits on sales nn- Dwellings, business procompleted .. .. .. .. 2,374 13 2 mises, &c. .. .. 24,112 17 0 Suspense Account .. .. .. 525 .11 2 614,881 14 1 Realization Suspense Aooount .. .. 543 11 II Sundry debtors for interest on buildings .. 14 14 10 Writings off in Suspense .. .. 89,741 4 5 Interest accrued but not duo .. .. 143,756 2 2 Fire Loss Suspense Account .. .. 5,770 16 4 Interest postponed .. .. .. 25,005 16 1 Depreciation Reserve .. .. .. 705 17 4 Interest accrued and unpaid on surplus Sinking Fund Reserve Account.. .. 44,396 7 7 funds temporarily invested .. .. 1,133 6 4 Sundry debtors for sale of stock .. 1,622 15 7 Sundry debtors for interest on sales of stock 15 4 5 Sundry debtors for rent of properties .. 2,521 4 4 Bills receivable .. .. .. 781 7 10 Sundry debtors for miscellaneous advances 932 5 10 Sundry debtors for other accounts — Land for Settlements Ac- £ s. d. count .. .. 601 7 6 Land for Settlements 'Account (Discharged Soldiers Settlement Account) 1,546 5 11 Lands and Survey vote .. 86 18 3 2,234 11 8 Machinery and plant .. .. .. 3,219 11 5 Sundry debtors for sales of plant .. 10 0 0 Property Account —Properties acquired by Crown .. .. .. .. 751,458 8 6 Crown land under section 20, Discharged Soldiers Settlement Amendment Act, 1923 .. .. .. .. 4,890 16 7 Realization Account—Properties in course of realization .. .. .. 479,443 12 9 Losses in Suspense .. .. .. 89,741 4 5 Live stock on hand .. .. .. 35,688 10 3 Dead stock on hand .. .. .. 1,577 1 10 Chattels on hand .. .. .. 3,975 18 6 Sundry Estate Accounts —Live and dead stock .. .. .. .. 15,194 1 11 Office requisites .. .. .. 12 9 7 Interest paid in advance .. .. 7,245 14 5 Sinking fund.. .. .. .. 44,396 7 7 Charges and expenses, raising loans .. 175,000 0 0 Cash in Loan Stamp Duty Deposit Account 116 19 7 Expenses of Dominion Re- £ s. d. valuation Board .. 2,025 2 9 Expenses of Revaluation Committees .. .. 9,950 310 Reductions in mortgage value by Dominion Revaluation Board .. 13,506 2 11 Interest losses through reduction by Dominion Revaluation Board .. 1,839 10 10 27,321 0 4 Revenue Account—Net loss .. .. 270,908 14 11 Cash in hand—Balance as £ s. d. per Treasury Account .. 237,974 8 11 Less accounts paid by imprestees but not cleared in Treasury .. .. 5,413 16 10 232,560 12 1 £20,885,527 0 4 £20,885,527 0 4 J. 15. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Chief Accountant.

B—l [Pt. IV, Sup. B].

8

DISCHARGED SOLDIERS SETTLEMENT ADVANCE ACCOUNT. MATATKONA SETTLEMENT. Proptt and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Depreciation .. .. .. 48 19 1 By Station stock, Profit and Loss Account 2,805 711 Station stores .. .. .. 96 13 9 Wool, hides, &c. .. .. . . 2,532 7 7 Buildings—Repairs.. .. .. 11 2 4 Household stores .. .. .. 86 11 10 Interest on land and stock .. .. 3,789 10 2 Balance to Profit and Loss Account Rates and insurance .. .. 41 111 appropriation .. .. .. 300 5 8 Working-expenses .. .. .. 97 13 11 Wages ... .. .. .. 1,051 14 10 Poisoning .. .. .. 272 16 10 Grubbing .. .. .. .. 315 0 2 £5,724 13 0 £5,724 13 0 £ s. d. £ s. d. To Balance carried forward, Ist April, 1923 244 4 8 By Balance .. .. .. .. 544 10 4 Balance brought down .. .. 300 5 8 £544 10 4 £544 10 4 ■ Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Discharged Soldiers Settlement Account .. 854 14 11 Sheep .. .. .. .. 9,519 15 0 Accrued interest on land to 31st March, Cattle .. .. .. .. 2,581 0 0 1924 .. .. .. .. 12,954 0 0 Horses .. .. .. .. 96 10 0 Furniture .. .... .. 48 18 0 Implements and tools .. .. .. 238 13 4 Building-material . . .. .. 10 14 6 Fencing .. .. .. .. 210 5 3 Station stores .. .. .. 70 2 9 Household stores .. .. .. 488 5 9 Profit and Loss appropriation .. .. 544 10 4 £13,808 14 11 £13,808 14 11 J. B. Thompson, Under-Secretary for Lands. J. 11. O'Donnell, Chief Accountant. I hereby certify that the statements of receipts and payments, Revenue Accounts, and balance-sheets have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, except— (I) The accounts have been compiled from copies of journal entries of the District Land Offices and audited statements from Otago, Marlborough, and Taranaki Districts ; (2) the only assets verified are cash in Public Account, imprests outstanding, and sinking fund, and liabilities for loans and accrued interest thereon, and sinking fund reserve, except in the Otago and Marlborough and Taranaki Districts ; (3) part of interest on capital and sinking-fund instalments have been paid out of loan-moneys.—G. F. C. Campbell, Controller and Auditor-General.

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B.—1 [PT. IV, Sup. B]

ELECTRIC SUPPLY ACCOUNT. General Balance-sheet at 31st March, 1924, compared with Position at 31st March, 1923.

2—B. 1 [PT. IV, Sup. B],

1922-23. Liabilities. 1923-24. 1922-23. ,4«sefe. 1923-24. ' \ (I £ 8. d. Aid to Water-power Works and Electric £ s. d. £ s. d. £ s. d. Lake Coleridge scheme— £ s. d. £ s. d. Supply Accounts— 906,921 12 2 Assets as per separate balance-sheet .. 954,529 8 10 Debentures issued — Profit and Loss Account —Accumulated 350,000 0 0 At 4 per cent, interest .. . 125,000 0 0 23,875 16 11 loss to date .. .. .. 23,172 9 7 119,000 0 0 At 4 J per cent, interest .. .. 344,000 0 0 977,701 18 5 4,000 0 0 At of per cent, interest .. .. 4,000 0 0 930,797 9 1 56,150 0 0 At 5 per cent, interest .. .. 65,750 0 0 Lake Waikaremoana scheme — N.Z. inscribed stock — 76,650 17 8 Assets as per separate balance-sheet .. 77,147 19 0 1,331.360 0 0 At 5 per cent, interest (due 1930) .. 800,360 0 0 390 5 0 Profit and Loss Account— Loss to date .. 3,864 4 0 N.Z. consolidated stock — 81 012 3 0 10 469 13 9 At 5 per cent (due 1935-45) .. 510,991 13 4 77,041 2 8 ' 1,076,938 9 3 At 6 per cent, interest (due 1936-51) .. 1,076,638 9 3 Waikato River schemes— 807,703 17 0 At 6 per cent, interest (due 1936-51) .. 807,703 17 0 Horahora — 3,724,743 19 7 436,755 0 4 Assets as per separate balance-sheet .. 512,201 19 0 3,755,622 0 0 Arapuni — £ s. d. Land and fencing .. 176 0 0 Waihi Gold-mining Company (Limited)— .. Roads and bridges .. 10.598 13 3 Purchase of Horahora works —Deed of Electric lines and 212,500 0 0 security at 5 per cent, interest .. .. 212,500 0 0 .. telephone service .. 822 18 4 56 11 9 Houses .. .. 4.715 15 8 3,968,122 0 0 50,000-volt lines — 4,267 0 6 Horahora - Arapuni 4,832 13 1 Arapuni-Ngongotaha 155 9 5 110,000-volt lines — Consolidated Fund— 625 5 3 Ruakura - Penrose 10,743 1 3 Interest accrued on loans to 31st March, 148 6 0 Arapuni-Te Kuiti . 148 6 0 41,363 12 5 192.3 .. .. .. .. .. 42,036 14 11 110,000 - volt sub70 15 11 Sundry creditors for interest unolaimed .. .. .. station — 500 0 0 Penrose .. .. 515 7 2 f Headworks and surveys .. .. 9,421 1 0 Engineering, office and 17 is in J general expenses on Amount set aside as reserve to cover differ- | ' j preliminary surveys ence between interest payable on loans and investigations at raised and interest earned from their Arapuni and during 36,433 1 1 temporary investment pending use .. .. 29,452 4 11 (_ construction .? 16,333 8 9 Motor-vehicles .. 198 16 11 Loose tools, plant, and equipment .. 2,814 19 4 Stocks of material on 49,158 1 8 hand .. .. 62,510 16 6 Lake Coleridge scheme— Interest during con61,275 8 7 : Depreciation reserve .. .. .. 72,593 19 8 6,508 2 9 struetion .. 12,548 13 9 1 2,741 7 11 Sundry creditors .. .. .. 5,392 12 1 1 — 77,986 11 9 78,829 6 9 136.536 0 5 64,016 16 6 9 14 2 Sundry debtors .. 707 10 10 — ' 137,243 11 3 ' 78,839 0 11 1 649,445 10 3 4,110,006 5 11 Carried forward .. .. 4,086,719 11 2 1,523,432 13 0 Carried forward .. .. .. sT

B.—l [Pp. IV, Sup. B].

ELECTRIC SUPPLY ACCOUNT— continued. General Balance-sheet at 31st March, 1924, compared with Position at 31st March, 1923— continued.

10

6 il 999'tSO'S " " " paramo f f 889'991's B 8 G90'S9I'f •• 1 " pjBMjoj paiiiBQ g 6 zZf'ffl'f i SI oss'8 i 91 OZZ'S — 8 9 9if '" " • ' • -e-iMvyf 8 e gif 0 61 II •" " jaAiy JaddQ 0 61 II e o st9 • • • • • • -laiia i°! A8 i 9 o sts 0 1 II ' • • • ' • -raAiy vqoivox o I LI 1 21 619 •' •' •• jaAiyiqido i El 619 0 I 96 •' '• '• areuieo-ii-reraij. 0 I 96 2 8 6fi " • • • S 8 6K 0 0 9 ' * "" ' ' I.ioiub}{ anu-x 0 0 9 6 I £08 ' ' •" ' ' IaA !H 6 I 808 —puBjsj qcjnog f il 0i0'9 f il 9i0'9 8 9 986 • • • • " I8A ra biuibm 8 g ggg 8 91 618 " laAiy mnfiuswraqtiBi 8 91 6i8 f f 998 'I " " '• p f se g' [ 0 6 88 ' ' •' "" J0A !H xiri5[B W 0 6 88 8 il 9fi*2 " (<nre msp Suipniora) whh 8 it 09i'S 9 6 Sff • • (*>*!» 9 6 88f II 81 9i8 " •' (JaAiy OJB5JIEAV) II 81 9iS - puBiej — g 9i 8 2f'I 'Oij> "s^8ajus'saniaqos c 81 896*289 8 9 OS " " " iCiptmg \ \ 9 9fi'^ Z 81 601'iI8' I " j* " 0 II 80f'l ** QAjasaj uoxq. , Bioajdf i (j 8 61 98i 'Z " " " s.inj(|,tp Ajpung 8 SI 106 —amaqos mrooma.restreA'V II 81 SiS'flS'l 6 9 S90'S89 8 II i68'96 "• gounp g 61 000 'St 6 9 182' IS •• •• •• A.ipung ot 8 6 80'rr 1 61 iSf'8 •' '• P' re M uo s>po}s uaajuuQ •• _ 8ma q 0 s otnreSmmr 0 81 698'OfI •" puBq no iBua;Tjra U II 183*801 f 8 606 69 '• " •o.f 'SuuaamSua 'aXuAjng g 6 989 '88 f i 8iS'S8 •• •• nopjupomuiooon g 6 880*08 i 6 896 's •• ■■ •• sjojrpajo A'jpung 9 9I 60 z 9 I 998'IOS "■ '• •' sanT[-uoissimsu«,ix lit 212 '82 - -aniaqas nmduiy 11 8 961 '66 " -a??'SJOOJ ';mjid g fl 9f{- '16 8 i 8S6'6II •' " iiamqaBoi puB =(UB[d jaMO,j 1 0 896'SI 8 il its;98 •• II OSO'81 9 81 iSI 06 •• •• •• sSurpjmg II il fli'89 8 f ili'6f 6 0 889 '28 •• " •' -02j?'sami-adij 1 01 0If'9S 8 61 86f'S " •• •• oj !)gojd . 0 8 988 8 i 821'if " " " -asy'sniBj^ 'speoa 8 9 9i8'lt 6 01 8i9'8 " " " ijputig g e x 8 S0'l 1 8 I9f'862 "• -02?'8[amiin 'etnBp f 01 998'W 0 0 8li'Sl " " " punj guniuig " •• 8 81 989 'SI '• •* " puB puBi 0 11 122*21 8 ft I88'fS " •• ajjasaj 01 L 009 '9 1 —araaqos JaAig OBquSuBjj —amaqos BioqBJojj 8 II 69l'80i'l •' " P-ibauoj iqSnojg 0 81 28f'8SS'l S 11 6li'980'f *• . " •• pjBAUOj iqSnojg TT 5 900'0ll'f •p -s 3 "P -s 5 -p -b J p -s 5 -p -9 5 -p -B •fZ-SS6l -»V>SSV TS-SS6I 'fg-8S6I -mimyqviq '8S-SS6I

ELECTRIC SUPPLY ACCOUNT— continued. General Balance-sheet at 31st March, 1924, compared with Position at 31st March, 1923— continued.

B.—l [Pt. IV, Sup. B]

J. J. Gibson, Accountant, Public Works Department. I hereby certify that the balance-sheet has been duly examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby. G. P. C. Campbell, Controller and Auditor-General.

11

1922-23. Liabilities. 1923-24. 1922-23. Assets. 1923-24. £ s. d. 4,144,422 9 5 Brought forward t * i • £ s d. £ s. d £ s. d. £ s. d. 4,162,065 8 5 2,165,688 4 4 Brought forward .. .. .. 3,034,566 17 9 General expenditure not chargeable to any 4,413 10 11 individual scheme .. .. .. .. 4,427 16 10 Balance in Electric Supply Account at the end of the vear — 98,702 4 1 Cash in Public Account .. .. 23,413 2 11 . In hands of Government officers in New 732 18 9 Zealand .. In hands of Government officers in 49,726 3 7 London .. .. .. .. 29,752 10 10 — 53,165 13 9 149,160 6 5 , Investment Account (funds invested until 1,803,758 6 10 actually required for use) .. .. .. 1,053,008 6 3 Stamp Duty Deposit Account .. .. .. 233 19 3 4,123,020 8 6 4,145,402 13 10 Interest accrued on investments to 31st 21,402 0 11 March, 1924 .. .. .. 16,653 14 7 Sundry debtors for interest due but unpaid 9 0 0 4,144,422 9 5 16,662 14 7 £4,162,065 8 5 4,144,422 9 5 Total .. .. .. .. .. !f4,162,065 8 5 Total ..

B.—l [Pt. IV, Sup. B].

ELECTRIC SUPPLY ACCOUNT— continued. WAIKAREMOANA ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1924.

12

1922-23. 1923-24. 1922-23. 1923-24. £ s. d. 915 5 0 To Interest on capital Depreciation on plant (2 per cent, on value of assets in operation) £ s. d. 4,165 8 0 £ s. d. 5?5 0 0 By Rental of plant leased to Wairoa Power Board Loss for year. . £ s. d. 2,100 0 0 3,473 19 0 1,408 11 0 525 0 0 5,573 19 0 915 5 0 5,573 19 0 Loss for year, as above Loss carried forward at 1st April, 1923 3,473 19 0 390 5 0 .... . I Accumulated loss to date carried to balance-sheet 3,864 4 0 I ~ £3,864 4 0 £3,864 4 0 Depreciation Reserve. £ s. d. 1,408 11 0 By Amount set aside as per Profit and Loss Account . £1,408 11 0 £ s. d. 1,408 11 0 Balance carried to balance-sheet £1,408 11 0 Balance-sheet at 31st March, 1924. 1922-23. Liabilities. 1923-24. 1922-23. Assets. I 1923-24. £ s. d. 72,894 15 9 4,146 6 11 Balance carried to general balance-sheet Sundry creditors .. Depreciation reserve £ s. d. I £ s. d. 79,583 6 9 11,920 11 4 20 5 3 18.550 17 3 1,408 11 0 27,564 5 10 j 6,334 10 7 I 227 0 6 1,714 16 10 335 10 0 1,000 0 0 2,780 10 11 5,697 14 5 £ s. d. Access roads and bridges .. .. .. .. .. 11,431 10 10 Pipe-lines .. .. .. .. 18,474 8 0 Power-house building and machinery .. .. .. 25,443 0 0 Compensation for land .. .. .. .. 6,625 1 11 Headworks .. . . . . .. .. .. 278 17 3 Staff cottages .. .. .. .. .. .. 2,950 15 9 Workmen's huts.. .. .. .. .. ..- 1,260 1 5 Workshop .. .. .. .. .. .. 407 18 5 Loose plant Telephone-line to Wairoa .. .. .. 1,000 0 0 Survey, engineering, and office expenses .. .. .. 3,053 11 0 Interest during construction .. .. .. .. 5,697 14 5 76,622 19 0 Sundry debtors .. .. .. .. .. .. 525 0 0 Balance from Profit and Loss Account: Accumulated loss to date.. .. .. .. .. .. .. 3,864 4 0 76,125 17 8 525 0 0 390 5 0 £77,041 2 8 £81,012 3 0 £77,041 2 8 £81,012 3 0

13

B.—l [Pt. IV, Sup. B],

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME. Profit and Loss Account for Year ended 31st March, 1924, compared with Year ended 31st March, 1923. Gross Revenue Account.

1922-23. 1923-24. 1922-23. 1923-24. £ s. d. 2,478 3 3 127 7 4 324 19 11 141 19 3 To Generating expenses, headworks, and powerhouse — Salaries Wages Supphes Transport Maintenance and repairs — Headworks and buildings Power-house machinery Staff village Erection of temporary weir £ s. d. 2,711 19 2 102 0 7 132 10 10 72 18 1 £ s. d. £ s. d. 40,467 15 8 86 5 0 By Sales of electrical energy to wholesale consumers Less discounts and rebates £ s. d. 58,630 16 5 86 11 11 £ s. d. 58,544 4 6 40,381 10 8 305 12 10 375 0 2 106 5 8 810 19 8 671 10 6 143 19 3 937 6 7 37 14 6 461 4 1 506 17 5 14 16 9 Hire of plant Rent of lines Miscellaneous rents Discounts forfeited 5 10 0 579 17 0 607 2 2 1,192 9 2 • 3,859 8 5 Main transmission-lines (50,000-volt) — Horahora to Waikino — W T ages Repairs and supplies Transport 5,583 4 8 ■ 1,020 12 9 Testing, oil-drying, and repairs for consumers Fees for inspection of lines and testing of instruments, etc. 628 16 0 331 18 2 137 15,10 1,098 10 0 531 1 5 1,013 4 11 181 9 9 1,725 16 1 368 3 2 165 1 8 48 6 0 22 1 0 123 18 9 120 8 9 46 2 7 Horahora to Hamilton— - Wages Repairs and supplies .. Transport 133 5 7 25 11 3 58 6 0 217 2 10 290 10 1 60 18 2 8 3 5 21 9 0 Mystery Creek to Te Awamutu — Wages Repairs and supplies Transport . . .. 86 9 10 15 10 9 19 7 3 . I I 90 10 7 Wairongomai to Waihou — Wages Repairs and supplies 121 7 10 18 16 9 8 17 2 Main substations (50,000-volt) — ■ Waikino —• Operating wages (half) Repairs to buildings, machinery, &c. 27 13 11 503 13 3 132 6 1 590 3 10 92 10 11 635 19 4 151 11 9 33 3 1 89 16 4 45 1 0 Hamilton — Operating wages Repairs and supphes to buildings, machinery, &c. Maintenance yards, workshops, &c. Repairs, tools, and instruments .. 178 19 5 27 4 6 35 1 7 19 13 2 319 12 2 6,294 10 7 Carried forward 59,923 16 4 8,618 18 9 41,818 12 7 Carried forward

B.—l [Pt. IV, Sup. B].

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME— continued. Profit and Loss Account for Year ended 31st March, 1924, compared with Year ended 31st March, 1923— continued. Gross Revenue Account — continued.

14

1922-23. 1923-24. 1922-23. 1923-24. £ s. d. 6,294 10 7 £ s. d. £ s. d. 8,618 18 9 £ s. d. 41,818 12 7 Brought forward .. £ s. d. 59,923 16 4 58 9 3 Brought forward Main substations (50,000 volt) — contd,. — Te Awamutu — Operating wages Repairs and supplies to building and machinery 258 17 6 I 1 13 11 15 5 5 274 2 11 Waihou — Operating wages Repairs and supplies to buildings and machinery 148 18 0 35 19 4 184 17 4 60 3 2 Distribution substations (11,000 volt) — Wages, repairs, and supplies 33 13 11 37 18 11 109 16 1 61 9 0 34 18 11 5 11 10 211 15 10 Distribution lines, (11,000 volt)— Horahora-Hamilton-Frankton — Wages Repairs and supplies Transport Waikino- Waihi 132 16 10 31 1 8 60 12 3 2 0 0 I I Transmission and distribution general in Horahora-Hamilton area — Salaries Expenses Transport 687 10 6 2 0 0 115 6 10 i 1,497 19 0 Management and general — Salaries, wages, and audit fees Accident insurance, sick and holiday 960 2 1 339 8 6 430 1 8 103 12 1 26 5 6 1 11 6 74 5 7 179 9 0 56 7 11 15 5 5 pay Travelling-expenses and motor-cars .. Postages, telegrams, and telephones .. Fire insurance Legal expenses Printing, stationery, and advertising.. Office rent, cleaning, and lighting Experimental testing Miscellaneous expenses Fire damage, Hamilton office 220 15 8 305 12 9 149 1 0 28 7 6 10 10 0 112 3 10 233 14 0 53 16 11 23 14 5 29 10 3 I •• 2,724 6 2 ,127 8 5 9,324 9 8 Carried forward 59,923 16 4 12,274 14 5 41,818 12 7

B.—l [Pt. IV, Sup. B].

ELECTRIC SUPPLY ACCOUNT—continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME— continued. Profit and Loss Account for Year ended 31st March, 1924, compared with Year ended 31st March, 1923— continued. Gross Revenue Account—continued.

15

1922-23. 1923-24. 1922-23. 1923-24. £ s. d. 9,324 9 8 Brought forward Management and general — continued. Purchase of current Testing, oil-drying, repairs, &c, for consumers £ s. d. 12,274 14 5 £ s. d. 41,818 12 7 Brought forward £ s. d. 59,923 16 4 90 4 2 306 13 11 88 6 8 111 0 5 12,474 1 6 47,449 14 10 | £59,923 16 4 9,721 7 9 32,097 4 10 Balance to Net Revenue Account £41,818 12 7 £59,923 16 4 j £41,818 12 7 Net Revenue Account. £ s. d. 19.208 7 8 6,236 9 3 To Interest on purchase-money for plant purchased from Waihi Gold-mining Company, and on advances from Treasury .. Depreciation on completed works (2 per cent.) and on stocks Special depreciation provision to cover cost of replacing temporary work Balance to Profit and Loss Appropriation Account £ s. d. 21.230 14 7 10,393 9 0 £ s. d. 32,097 4 10 By Balance from Gross Revenue Account .. £ s. d. 47,449 14 10 383 4 2 6,269 3 9 .. 15,825 11 3 £32.097 4 10 £32,097 4 10 . £47,449 14 10 47,449 14 10 __________________ Profit and Loss Appropriation Account. £ s. d. 5,882 15 9 £ s. d. £ s. d. 6,269 3 9 £ s. d. 386 8 0 15,825 11 3 386 8 0 To Balance from previous year Sinking Fund contributions to date, as required by section 12 of the State Supply of Electrical Energy Act, 1917 Balance to balance-sheet •• . 12,718 0 0 3,493 19 3 By Balance from previous year Balance from Net Revenue Account £6,269 3 9 £6,269 3 9 £16,211 19 3 £16,211 19 3 _=__== Depreciation Reserve Account. £ s. d. 633 4 2 £ s. d. £ s. d. 10,210 10 7 By Balance at close of previous year 408 8 0 ' Interest for year .. 6,619 13 5 Amount set aside as per Net Revenue Account £17,238 12 0 £ s. d. 16,605 7 10 664 4 0 10,393 9 0 16,605 7 10 To Amount written off for temporary works Amount written off for depreciation of stocks Balance to balance-sheet 2,831 6 2 24,831 14 8 £17,238 12 0 27,663 0 10 i £27,663 0 10

B.—l [Ft. IV, Sup. B].

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME— continued. Sinking Fund Account.

16

£ SI £09'OSS " •• piBAijoj paujBQ II 91 SOS'tCZ 0 61 IOSSIfi ■ • pjujiioj p9ijj«o f o 99l'9£t 6 81 I0i'6i 0 S II6'£i t 9 it £00' I " " s9cwnoo 9 £1 i£8 5 6[ 8£I " ' • '' g 61 8£I 9 9 I9S'f '' '■ f L fZG'f 6 6 999' L " • -i[aaj;) aj»;saj\; 0 0 58? 'i 01 01 061 'ZZ " '• " no^nue||-e.ioi[cio j-[ 0 9 ZZl'ZZ £ I 09? ' 8£ " " •" 6 £1 £19' 11 —(s!jioa OOO'OS) sauq-uoissuusuuix Z 81 TOS'fil £ 01 369 '9fZ g 61 £6?'£ • •• •• •• ?gojd 0 8 98£ £ £1 fi06 " '" '' iuaxxidinbo pun sioox S 9 18 —-junoooy 9 9 YfZ'ZS '' AiamqOBra puB Surpjmq jauuojsu'BJX L £1 ?68'0£ sso r l puB luoj} aau«[T!{| £ 01 £8?'?9 " " " uoi;ins-8ui;BjouaQ 0 6 ?l?'l? I 0 i6i'?8I " " " •• [ £ 999 '88 0 0 811 ' SI " " •• " pimj guptuig Z it ££0' II '' treunpaa. pnB g®js joj uoiiupommoooy i g 0S£'0I 8 f [ I£8'?o " " " " aijasai uoryBioajdaa 01 i £09 '91 £ £1 6£0'l " " "• Supuaj puB puB'j 6 ft 9£6 6 01 8i9'8 " " ' ** siojtpaia iipnng g ex sso'l 6 £ 891 'Z " *' eaSpuq puB spBOy; 6 £ 891 'Z ? ?l ?S?'S9? " -)aaqg-aanB[Bq psjanaa paiuBa aouB[Bg I 6 ?£i'8I? ! "P ' s J "P -s 5 —BioqBjojj '-oiy p "S J *p -s j p -s 3 —-junoaay p -s 3 'fZSZGl spssy '82-2261 I '?2"£S6I '8S-S26I I 11 'fZ&l 'isx8 hohvj\[ xy xaaHS-aoNTiyg 0 0 8U'2I3 | 0 0 flL'Z 13 0 0 8IA'SI •' " " '■ lunoaay ssci puB iyoj<| jad se aptsB }as junomy -Hi 0 0 8IA'SI " *' " 0} 90tre]Bg ox 'P *8 3? -p -s j -p "S3 'p 's 5 '?2"S26l . '82-2261 *?2-826I ?2-826I

B.—l [Pt. IV, Sup. B].

G. F. C. Campbell. Controller and Auditor-General.

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME— continued. Balance-sheet at 31st March, 1924— continued.

3 —b. 1 [Pt. IV, Sep. B].

17

pnodsauoo o\ punoj pne ptn? 'siaqonoA stioiiBA qifM paiedmoo Apip uaaq seq jaaqs-9om3|Bq aqj, 0 6T I05'5IG3F f 0 GGI'98f;F 0 61 I05'5IG3 j If 0 99t'98f3 f 0 G9A'98f IT 8 811*01 9 5 8I8'5f n II 915 ' • " oouBApi; u; 01 CI 81 I f 96G'SI •" iTJuaaBtn jo sapsg pun JOtf X 8 680'0I —sio^.q9(j II fl U9'fS •• •• '• P nB 1 UO I«1J3}BIU JO snoops [BJ9U80 I f 059' T8 01 II I50'G68 L I 118'fit . e 91 198 '19 8 6 189 ' 99 5 6 fZZ'fZ " •• uoi|Dru;suoo ouunp f <JI 105 '15 6 II OH '01 •' ■" " uorpruEjs 9 g[ If6'8 -uoo no puB sAsajus uo sjaoijfo jo saixexBg f Z 868 ' 9 " ' '' uo puB sVOAjny X f ggg ' 9 uo sosuoilxa [i?jouoS puis 'aoiyo 'guuaauiSng 9 5 f6f • • ■■ aotgo I 9 Off 0 9 f69'f '■ '' sapAo pue 'sj-bo'saijjoi 9 II ITS'f 0 91 85I'S " " (juamdmba paB Sjooj asooi 6 61 0fG'8 ( G 15G ' £ Banana 'saouapisai X 9 159 '8 Z I 998'! '■ '■ " "• z I 99S'I puB s§ui}}ij puB s3uip[mq sajojg ' 6 II 916 '8 •' Biii>(Biiy %v, pnuq t ; xi 9I6'8 8 91 8If'i " (;IOA-000'II) Z IT f68'I I GT 095 ' 88 9 IT 880 'Of ! 0 0 000 '9 "" "" " PtPSAY-oupiyeM II IT fOi auq iCuBd taoQ uoipunf pu-ejg iqiB/M XX XI fOi 1 61 888 '88 •• 8 8 999 '58 j —(*IOA-000'IT) sauij-uopnqjj'xsiri j IT Z 681 'Of ; 9 8 821 'if ; 8 91 OSS' I •• •• •• •• notn®Ai 01 01 959 '9 Z 91 8Gf'G '• •' '• iijmnBAiy ax f fl G9f'9 G Z 958 'I " '• " " uoqxuiBH I Z fGl'l 8 81 5I9'05 •' " oiPIP'AY z GI 598'05 —(qoA-000'09) snoTV®|sqns urepj 8 91 809 '058 " '• PIBJUOJ pxSnojg XI 91 805'fG5 j 0 61 105'519 " " " Pibauoj ;qSnojg . f 0 99i'98f i •p -s J -p -9 5 p -3 3f | -p -S 3F I -p -s 3 ■f5-826I -s-pssy -85-5561 f5-£?6I mm "85-5561 I [I ; I I j

B.—l [Pt. IV, Sup. B

18

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1924, compared with Year ended 31st March, 1923. Gross Revenue Account.

1922-23. ! 1923-24. 1922-23. 1923-24. To Generating expenses, headworks, and power- £ s. d. £ s. d. £ s. d. By Sale of energy — £ s. d. £ s. d. £ s. d. house— 64,893 19 8 Wholesale .. .. 74.524 11 11 2,437 18 5 Salaries .. .. .. .. 2,601 6 6 2,100 11 1 Retail .. .. .. .. 2,271 0 10 851 16 0 Wages .. .. .. .. 884 1 7 76,795 12 9 142 10 3 Supplies.. .. .. .. 74 2 8 66,994 10 9 614 8 3 Transport of stores, &c. .. .. | 350 14 8 Maintenance and repairs — 568 6 1 Maintenance. Harper diversion .. 682 17 1 16 19 7 Discounts forfeited .. .. .. 18 IT 7 159 10 9 Headworks .. .. .. 244 3 2 69 12 6 Power-housebuilding .. .. 124 14 3 S31 2 7 Power-house machinery . . 894 0 0 Rents — 454 16 4 Roads and fences .. .. 164 2 5 777 0 10 Land and buildings .. .. 750 18 6 234 5 2 Staff residences, &c. .. .. 437 9 6 281 2 1 Electric lines .. .. 245 3 8 6,457 11 10 41 16 11 „ plant .. .. . . 102 17 0 0,364 6 4 -' i 1,098 19 2 1,099 19 10 | Transmission-lines — 484 19 9 Salaries .. .. .. .. 468 4 6 Transport, including upkeep of horses, 357 12 1 traps, cars, and cycles .. . . 284 6 1 400 12 7 Repairs to power-lines .. .. 770 13 8 Fees for testing and repairing electrical ap1,523 4 3 726 15 II pliances 7 .... .. .. 393 19 4 1.243 4 5 Substation, Addington — . Stand-by provision : Fees from wholesale 1,127 18 2 Salaries .. .. .. .. 1,121 17 9 80 0 0 consumers .. .. .. .. .. 80 0 0 519 17 9 Wages .. .. .. .. 523 17 11 106 0 0 Supplies .. .. .. .. 74 17 7 9 6 7 Interest from local bodies in respect of .. 7 9 4 Maintenance and repairs — reticulations sold on deferred pavment 335 15 8 Buildings and vards .. .. 249 6 7 224 17 li Earnings motor-vehicles ..' .. .. 113 12 10 74 9 3 Machinerv .". .. .. 135 19 4 2,105 19 2 2.164 0 10 Distribution — 211 2 3 Salaries .. .. .. .. 208 3 3 Transport, including upkeep of motor 147 19 1 lorry and car .. 154 6 6 Maintenance of feeder cables, trans1,807 1 5 former stations, and tools .. 2,437 9 1 1.252 7 6 Maintenance of secondary distribution 1,612 3 0 205 9 9 Maintenance of and testing meters .. 367 6 10 138 5 6 Earth-testing .. .. .. 98 12 7 ' 4,878 1 3 3,762 5 6 13,533 17 1 Carried forward .. .. .. .. 14,964 16 6 69,152 10 2 Carried forward .. .. .. .. 78,508 5 0 I I

B.—l [Pt. IV, Sup. Bj.

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY— continued. Profit and Loss Account for Year ended 31st March, 1924, compared with Year ended 31st March, 1923— continued. Gross Revenue Account — continued.

19

1922-23. 1923-24. 1922-23. 1923-24. £ s. d. 1,350 0 0 Brought forward To Stand-by provision — Payment to Christchurch Tramway Board for rental Payment to Christchurch Tramway Board, for energy supplied £ 8. d. 1,350 0 0 £ s. d. 14,964 16 6 £ s. d. 69,152 10 2 Brought forward £ £ s. d. s. d. I £ 78,5 £ s. d. 78,508 5 0 £ s. < 508 5 d. 0 I : : I 17 5 0 70 18 10 1,367 5 0 Management and general expenses — Salaries Sick and holiday pay to workmen Travelling-expenses Office-rent Rent of other buildings Postages and telegrams Telephone subscriptions Printing and stationery Advertising Accident pay Fire insurance Audit fees Meter-reading and line-inspection Commission on collection of accounts Electrical testing Miscellaneous trade expenses 1 i-.rt.U IO 1U 1,889 13 1 167 11 2 171 3 7 200 0 0 65 10 0 191 14 2 92 10 3 144 1 2 51 6 3 206 6 10 89 12 2 66 0 0 338 1 0 74 2 1 615 14 5 6 10 4 1,846 11 8 308 16 7 114 14 3 379 0 0 65 10 0 159 1 0 121 8 6 137 8 1 32 14 0 383 7 8 93 9 1 112 0 0 248 9 8 ■ 101 13 11 283 18 0 3 10 5 • I I 4,369 16 6 4,391 12 10 ; 20,777 8 2 19,270 18 7 49,881 11 7 57,730 16 10 I Balance to Net Revenue Account 78,508 5 0 £69,152 10 2 £78,508 5 0 69,152 10 2 Net Revenue Account. I £ s. d. £ s. d. £ s. d. 9,307 0 0 To Depreciation at 2 per cent, per annum on completed work .. 12,584 0 0 49,881 11 7 35,274 19 1 Interest for year ended 31st March .. .. .. 44,443 9 6 : 5,299 12 6 Balance to Profit and Loss Appropriation Account . . 703 7 4 £49,881 11 7 £57,730 iC 10 £49,881 11 7 By Balance from Gross Revenue Account £ s. d. 57,730 16 10 £57,730 16 10 :_________________| - — =

B. -1 |Pt. IV, Sup. B].

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY— continued. Profit and Loss Appropriation Account.

20

1923-24. I 1922-23. 1923-24. 1922-23. I £ s. d. 29,175 9 5 To Balance from previous year's statement .. j £ s. d. 23,875 16 11 £ s. d. 5,299 12 6 23,875 16 11 By Balance from Net Revenue Account Balance to balance-sheet —Accumulated loss £ s. d. 703 7 4 23,172 9 7 £29,175 9 5 — — i |j j £23,875 16 11 £29,175 9 5 £23,875 16 11 i £29,175 9 5 £23,875 16 11 Depreciation Reserve Account. £ s. d. i To amounts written off— Motor vehicles and tools 4,750 0 0 Transmission-line reconstruction Powerhouse turbines (renewals) Feeder mains (renewals) 61,275 8 7 Balance to balance-sheet . .. £ s. d. £ s. d. 54,536 19 0 2,409 8 11 \ 2,181 9 7 9,307 0 0 307 0 0 1,000 0 0 ! 72.593 19 8 By Balance from previous year's statement Interest at 4 per cent, per annum Amount set aside as per Net Revenue Account £ s. d. 61,275 8 7 2,451 0 0 12,584 0 0 £66,025 8 7 £76,310 8 7 £66,025 8 7 £76,310 8 7 £66,025 8 7 £76,310 8 7 Note. The State Supply of Electrical Energ}' Act, 1917, provides for the establishment of a sinking fund of 1 per cent, per annum when profits are available for the purpose, and for the pavment of arrears of sinking-fund contributions out of any future profits. The arrears of sinking fund (at 4 per cent, interest) since commencement of operations in 1915 total £47,756.

B.—l [Pt. IV, Sup. Bj.

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY— continued. Balance-sheet at 31st March, 1924.

21

1922-23. Liabilities. 1923-24. 1922-23. Assets. 1923-24. I _ £ s. d. 61,275 8 7 Depreciation Reserve Account Sundry creditors — 1,526 2 4 On open accounts 906 9 11 On contracts 308 15 8 Payment for current in advance 2,741 7 11 £ s. d. £ s. d. £ s. d. Works at Lake Coleridge — £ s. d. £ s. d. 72,593 19 8 4,229 16 4 Land, including fencing and planting .. 4,343 8 7 5,317 4 6 Coalgate Gorge Road .. .. 5,317 4 6 7,566 3 8 Service roads .. .. .. 7,566 3 8 279 12 8 Service telephones .. .. .. 310 8 5 — —— —— —— 17,537 5 2 17,392 17 2 1,659 14 0 3,424 11 5 808 6 8 Balance carried to general balance-sheet — 930,797 9 1 Total assets as per contra 64,016 16 6 Less total liabilities as above .. ■ Headworks — ■ 5,392 12 1 j! 79,868 7 1 First tunnel, including inlet and outlet works .. .. .. 80,148 6 6 Second tunnel .. .. .. 10,333 5 8 68,842 4 6 Pipe-lines .. .. .. 68,871 1 1 1,996 16 2 Tram-line .. .. .. 1,996 16 2 199,715 6 8 3,357 0 5 Weir at lake-outlet, gauges, and fencing 3,469 15 5 21,413 8 11 Harper River diversion works .. 21,431 18 11 79,868 7 1 6S.842 4 6 1,996 16 2 3,357 0 5 21,413 8 11 977,701 18 5 77,986 11 9 866,780 12 7 I 899,715 6 8 I— — — — 186,251 3 9 ■ 175,477 17 1 ; H 175,477 17 1 — ■ ■ ■— ■ Power-house —- 25,215 17 1 Buildings, &c. .. .. .. 25,446 16 2 100,149 5 9 Machinery, &c .. .. .. 95,297 4 4 231 2 1 Office furniture, fittings, &c. .. 231 2 1 I — — _____ — _ J 120,975 2 7 125,596 4 11 I — ■ Accommodation for staff and workmen— 14,560 5 5 Buildings, fencing, &e. .. .. .. 14,708 15 1 Transmission-lines — 4,051 11 8 Land .. .. .. .. 4,599 8 2 176,264 2 1 Power-lines to Christchurch .. .. 177,552 5 11 55,299 3 1 Power-lines to South Canterburv .. 56,280 19 3 2,403 18 2 Telephone-system .. .. .. 2,408 19 8 Linemen's cottages, depots, tools, and 3,165 5 5 equipment .. .. .. 3,244 17 3 6,588 12 4 Alterations to public telegraph-lines .. 6,588 12 4 4,017 7 10 Point Swithcing Station .. .. 9,018 7 3 ■ ■ 259,693 9 10 251,790 0 7 — ■—' ■— ■— ■— ■ Addington Substation — ■ s. __a_ j__ 3,483 0 5 Land, including cottages .. .. 3,483 0 5 3,875 6 0 Substation buildin.s .. .. .. 3,935 17 1 28,190 10 2 Machinery, &c .. .. .. 31,365 7 10 5,856 4 3 Store buildings and workshops .. 5,856 4 3 — —— — ______________ 44,640 9 7 I 41,405 9 10 \ 930,797 9 1 j Carried forward 977,701 18 5 i )77,701 18 5 j 626,222 15 0 ' Carried forward .. .. .. 643,806 6 0 ;

B.—l [Pt. IV, Sup. B

22

G. F. C. Campbell, Controller and Auditor-General.

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY—continued. Balance-sheet at 31st March, 1924— continued.

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B.—l [Pt. IV, Sup. B].

23

ELLESMERE AXD FORSYTH RECLAMATION ANT) AKAROA RAILWAY TRUST AOOOUNT. (public works fund.) Income and Expenditure Account prom 1876 (Inception of Fund) to the 31st March, 1924. For Year ended Total to For Yciar ciulcil Tot.nl to Expenditure. 31/8/24. 81/8/24. I Income. 81/8/24. 81/8/24. £ s. d. £ s, d. ■ £ s. d. £ 8. d. 1004-5— 1877— To Expenditure under Ellesmere By Net prooeeds of sale and ilisand Forsyth Reclamation posal of Crown lands under and Akaroa Railway Trust Land Fund Aooount .. .. 60,616 :i 0 Aooount (reclamation ex- 1889-93 — penses keeping lake-outlet By Rents from Crown lands under open) .. .. .. .. f>44 18 0 Ellesmere Lake Lands Ant, 1908-12— ' 1888 .. ' .. .. .. 12,871 4 3 To Expenditure under section 119, 1893-1924— Land Act, 1908 (oost of re- By Rents from Crown lands under olamation works) .. .. 2.600 0 0 Ellesmere and Forsyth Re--1901-23 — olamation and Akaroa RailTo Expenditure under seotion 6, way Trust .. .. 1,762 1 4 62,473 10 4 Ellesmere Land Drainage. 1923-24— Act, 1905 (interest on loans By Rents from Crown lands under raised by Board) .. .. 5,091 0 11 Ellesmere and Forsyth Re--1923-24— olamation and Akaroa RailTo Expenditure under seetion 6, way Trust in arrear .. 44 16 11 44 16 11 Ellesmere Land Drainage Act, 1905 (interest due but unpaid) .. .. 439 5 0 439 5 0 Rebates and remission of rent 15] I 3 151 1. 3 Expenditure on construction and maintenance of LincolnLittle River Railway ... 476 510 109,601 510 31/3/1924— To Balance .. .. .. 740 6 2 7,518 3 0 £1,806 18 3 £126,005 14 6 £1,806 18 3 £126,005 14 6 » . r _ , _ Balance-sheet as at 31st March, L924, Liabilities. A ssets. £ s. d. £ s. d. Sundry oreditors for interest under seotion 6, Elles- Sundry debtors for rents .. .. .. 44 16 II mere Land Drainage Act, 1905 .'. .. 439 5 0 Treasury Adjustment Aooount .. .. .. 7,912 II 7 Ellesniere and Forsyth Reclamation and Akaroa Railway Trust Aooount (accumulated funds) .. 7,518 3 6 £7.957 8 6 £7,957 8 6 .1. .1. Gibson, Accountant, Public Works Department. 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 slate the position as disclosed I hereby. —G. F. 0. Campbell, Controller and Auditor-General.

B. —1 [PT. IV, Sup. B].

24

HUNTER SOLDIERS' ASSISTANCE TRUST ACCOUNT. Revenue Account for the Year ended 31st March, 1924. Expenditure. S s. d. Revenue. £ s. d. To Administration expenses .. .. 44 2 1 By Accrued rents .. .. .. 800 17 1 Rebates granted .. .. .. 0 18 0 "Thirds," "fourths," and "halves" .. 123 7 7 Remissions of rents .. .. .. 110 14 0 Balance of revenue .. .. .. 527 15 5 £806 17 1 £806 17 1 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. . Assets. £ s. d. Capital .. .. .. .. 19,837 3 5 I Land endowed by Sir George Hunter .. 17,800 o o Balance of revenue .. .. .. 527 15 5 Sundry debtors for rents .. .. 416 010 Postponed rent .. .. .. 03 0 0 Cash in Public Account .. .. 2,085 12 0 £20,364 18 10 I £20,364 18 10 J. R. THOMPSON, Under-Secretary. ,1. 11. O'DoNNELL, Chief Accountant. I hereby certify that the Revenue Account and balance-sheet have been duly examined and compared with, the copies of journal entries of the, District Office, Napier, submitted for audit, and correctly state the position as disclosed thereby. The Revenue Account includes rents due for the period Ist duly, 1923, to 30th June, 1924.—G. P. 0. CAMPBELL, Controller and Auditor-General. GOVERNMENT LIFE INSURANCE DEPARTMENT. Revenue Account op the Government Life Insurance Department for the Year ended 31st December, 1923. £ s. d. £ s. d. Amount of Funds at Ist January, 1923 5,922,824 13 4 Death claims under assurance policies, Renewal premiums — Assurance, An- including bonus additions .. 166,657 7 0 nuity, and Endowment .. .. 444,539 7 3 Endowment Assurances matured, inNew premiums (including instalments eluding bonus additions .. .. 229,865 15 0 of first year's premiums falling due Endowments matured .. .. 5,542 15 0 in the year) .. .. .. 42,854 14 I Premiums returned on endowments .. 139 8 3 Single premiums—Assurance and En- Bonuses surrendered for cash .. 2,416 12 5 dowment .. .. .. 1,777 2 4 Annuities .. .. .. 20,630 3 7 Consideration for Annuities .. 10,042 8 9 Surrenders .. .. .. 30,899 14 1 Interest and Kent .. £326,901 5 9 Loans released by surrender .. 43,589 12 9 Less land and income Commission, new* .. £30,501 8 10 tax, £8,098 15s. 4d.; „ renewal 3,148 18 9 property oxpenses, 33,650 7 7 &c, £3,377 10s. 6d. 11,476 5 10 Expenses of management — 315,424 19 11 Salaries— £ s. d. Transfer from Investment Fluctuation Head Office .. 23,05S 12 9 Reserve Account .. .. 75,788 0 0 Branch offices and agents . . 12,499 1 8 Extra clerical assistance .. .. 629 0 8 Medical fees and expenses . . . . 6,225 15 8 Travelling-expenses 562 5 7 Advertising .. 484 0 S Printing and stationery 1,904 13 11 Rent .. ..' 5,236 18 10 Postage and telegrams 1,892 3 I Exchange .. 43 17 8 General expenses .. 3,600 8 4 Triennial expenses .. 1,207 18 2 57,374 17 0 Amount of funds, 31st December, 1923 6,222,484 13 0 £6,813,251 5 8 £6,813,251 5 8 * Including agents' allowances.

8.-l [Pt. IV, Sup. B].

25

GOVERNMENT LIFR INSURANCE DEPARTMENT— continued-. Ralance-sheet of the Government Life Insurance Department on 31st December, 1923. Liabilities. A ssets. £ s. d. £ s. d. £ s d. Total Assurance, Annuity, and En- Loans on policies .. .. 874,656 18 1 dowment Funds (as per Revenue Government securiAccount) .. .. .. 6,222,484 13 0 tiesClaims admitted, proofs not yet com- Consolidated stock 625,900 0 0 pleted .. ..' .. 45,212 3 0 Debentures issued Annuities . . .. .. 548 12 0 undor the auCommission .. .. .. 2,200 16 5 thorityofthe.FiMedieal fees .. .. .. 490 7 0 nance Act, 1915 40,000 0 0 Premium and other deposits .. 6,924 11 9 New Zealand InSundry creditors .. .. .. 3,782 8 8 scribed Stock — Officers'Fidelity Fund .. .. 1.200 0 0 War Loans .. 1,204,370 0 0 Investment Fluctuation Reserve .. 207,024 (i 0 New Zealand Inscribed Stock— FinanceAct,l9l9 50,000 0 0 New Zealand Inscribed Stock —• Discharged Soldiers Settlement Loan .. 110,000 0 0 New Zealand Inscribed Stock issued under the Aid to Public Works and Land Settlement Act, 1921 .. 150,000 0 0 2,180,270 0 0 Municipal Corporation debentures .. 149,256 4 4 County securities .. .. 17,31218 8 Harbour Board debentures .. 33,100 0 0 Town Board debentures .. .. 29,186 4 8 Road Board debentures .. .. 21,800 0 0 Drainage Board debentures .. 1,945 10 0 Landed and house property .. 134,089 11 10 Landed and house property (leasehold) 1,579 4 0 Mortgages on property .. .. 2,674,830 14 8 Properties acquired by foreclosure .. 6,462 10 8 Overdue premiums on £ s. d. policies in force .. 7,496 17 7 Outstanding premiums due but not overdue 43,625 4 2 51,122 1 9 Overdue interest .. 8,067 5 5 Outstanding interest due but not overdue 7,634 13 6 Interest accrued but not due .. .. 79,870 5 8 95,572. 4 7 Agents' balances .. .. .. 10,198 18 11 Sundry debtors .. .. .. 3,343 3 6 Cash in hand and on current account (held against definite commitments) 205,141 12 2 £6,489,867 17 10 £6,489,867 17 10 A. T. Traversi, F.1.A., Commissioner. G. A. Kennedy, Secretary. The Audit Office, having examined the Revenue Account and balance-sheet, and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. -G. F. C. Campbell, Controller and Auditor-General. Revenue Account of the Accident Branch of the Government Insurance Department for the Year ended 31st December, 1923. £ s. d. £ s. d. Amount of Accident Funds, Ist January, Claims .. .. .. .. 22,401 14 7 1923 .. .. .. .. 21,068 15 5 Commission .. .. .. 4,548 7 6 Premiums .. .. £35,559 11 10 Salaries .. .. .. 3,940 0 0 Less reinsurance pre- Expenses of management .. .. 1,689 911 miums .. .. 291 19 3 Further appropriation to Reserve for un35,267 12 7 earned premiums .. .. .. 876 0 0 Interest .. .> 7,718 11 9 Amount of Accident Funds, 31st DecemLees land and income ber, 1923 .. .. .. .. 29,088 14 5 tax .. .. 1,510 13 4 6,207 18 5 £62,544 6 5 £62,544 6 5

4 —R. 1 [Pt. IV, Sur. B],

B— 1 [Pt. IV, Sup. B].

GOVERNMENT LTFE INSURANCE DEPARTMENT— continued. Balance-sheet of the Accident Branch of the Government Insurance Department on 31st December, 1923. Liabilities. £ s. d. Assets. £ s. d. Acoidont Funds, as per Revenue Account 29,088 .14 5 Debentures issued under authority of the Claims admitted (proofs not yet com Finance Act, 1915 .. .. 10,000 0 0 pleted) .. .. .. 12,000 0 0 New Zealand Inscribed Stock — War Commission .. .. .. 417 10 0 Loans .. .. .. .. 100,500 0 0 Premium and other deposits .. .. 443 14 6 New Zealand Inscribed Stock .. 3,000 0 0 Sundry creditors .. .. .. 1,713 18 2 Mortgages on property .. .. 38,805 0 0 Officers' Fidelity Fund .. .. 400 0 0 Overdue interest .. . . Nil. Reserve for unearned premiums .. 15,805 0 0 Outstanding interest due £ s. d. Investment Fluctuation Reserve .. 3,000 0 0 but not overdue .. 105 16 3 Reserve Fund constituted under sec- Interest accrued but not duo 1,620 0 3 tion 20 of the Government Accident 1,725 16 6 Insurance Act, 1908 .. .. 115,019 19 11 Agents' balances .. .. .. 697 8 7 Cash in hand and on current account .. 23,160 11 11 £177,888 17 0 £177,888 17 0 A. T. Traversi, F.1.A., F.C.A.S., Commissioner. G. A. Kennedy, Secretary. The Audit Office, having examined the Revenue Account and balance-sheet, and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith.—G. F, C. Campbell, Controller and Auditor-General. STATE FIRE INSURANCE OFFICE. Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1923. £ s. d. Bonus rebate to policyholders (five £ s. d. Premiums after deduction of reinsurances 154,164 12 0 months) .. .. .. .. 10,996 19 4 Other receipts : Interest, commission, Losses by fire (after deduction of reinsurand rent .. .. .. .. 15,084 10 5 ances) ' .. .. .. .. 46,178 3 0 Appropriated to reserve for unearned premiums (in addition to £57,036 14s. Bd. already reserved) .. .. .. 4,629 2 1 Governmmt taxes .. .. .. 16,922 12 2 Commission.. .. .. .. 8,711 0 1 Salaries .. .. .. .. 18,551 12 5 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. 3,620 4 0 Expenses of management—•• £ s. d. Travelling-expenses .. 1,618 17 7 Printing, stationery, and advertising .. .. 1,429 17 7 Rent .. .. .. 1,870 17 7 Exchange .. .. 31 5 4 Postages, telegrams, cablegrams, and sundry charges .. .. 2,368 12 5 7,319 10 6 Office equipment .. .. .. 1,578 14 2 Office premises : Depreciation .. .. 2,863 13 7 121,371 11 10 Reinsurance Reserve Fund .. .. 5,000 0 0 Office premises : Written off .. .. 4,000 0 0 Amount of fire-insurance funds at end of year .. .. .. .. 38,877 10 7 £169,249 2 5 fU^IiTT^o

26

B—l [Pt. IV, BtJ_. B].

27

STATE EIRE INSURANCE OFFlCE— continued. Balance-sheet of the State Fire Insurance Office on the 31st December, 1923, Liabilities. Assets. £ s. d. £ s. d. £ «. d. Government war-loan securities .. .138,324 12 0 Capital authorized by the Other Government securities .. .. 55,550 0 0 State Fire Insurance Local .authority securities .. .. 4,300 0 0 Act, 1908 .. .. 100,000 0 0 Fixed deposits and at short call .. 20,000 0 0 Less not raised .. 100,000 0 0 Mortgages on property .. .. 136 10 0 Nil. £ s. d. Reserve Fund .. .. .. 342,969 13 4 Land and buildings .. 193,054 14 5 Investments Fluctuation Reserve Fund.. 10,000 0 0 Less unpaid purchase - Beserve for unearned premiums .. 61,665 16 9 money .. .. 25,000 0 0 Reinsurance Reserve Fund .. .. 5,000 0 0 108,054 14 5 Premiums and other deposits .. .. 981 19 2 Outstanding premiums .. .. 7,634 9 9 Outstanding fire losses .. .. 5,130 0 0 interest accrued but not due .. .. 2,i81 3 7 Government taxes .. .. .. 16,922 12 2 Rent accrued or due .. .. .. 808 11 5 Interest accrued but not due on unpaid Cash in Bank of New Zeapurchasc money .. .. .. 316 8 9 land at Wellington, or in £ s. d. Other amounts owing by the Office— transit to Wellington .. 96,372 17 5 Reinsurance premiums £ s. d. Imprest Account due .. .. 9,798 5 4 balances— £ s. d. Commission .. .. 1,604 19 9 Head Office 7 4 2 Rent.. .. .. 15 13 5 Auckland .. 34 10 3 Printing, stationery, and Hamilton .. 51 18 10 advertising .. .. 50 8 0 New Ply. Postages and sundry mouth .. 12 16 4 charges . . . . 598 12 2 Pa I merston 12,097 18 8 North .. 145 2 I Fire-insurance funds, as per Revenue Ac- Christchurch 10 16 3 count .. .. .'. .. 38,877 10 7 Dunedin .. 95 16 5 Invercargill 40 16 6 399 0 10 90,771 18 3 £493,961 19 5 £493,961 II) 5 4th April, 1921. J. H. Jerram, General Manager. T hereby certify that the Revenue 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.—G. F. C. Campbell, Controller and Auditor-General. DEPARTMENT OF INDUSTRIES AND COMMERCE. Tradinc and Profit and Loss Account with regard to Sale of Reparation German Dyes for Period Ist January, 1921, to 31st March, 1924. Dr. £ s. d. Or. £ s. d. £ s. d. To Adjusted invoice price, as finally charged By Sales in New Zealand and by British Board of Trade .. .. 1,912 11 2 Australia, and claims Freight on dyes from Germany to Lon- paid by shipping eomdon, and commission paid to Central panics for short deliveries 12,100 I 4 Importing Agency, London .. 501 1 3 Less credits allowed fur Primage (N.Z. Customs Department), overcharges and damaged 1 per cent, on £2,104 .. .. 21 010 goods .. .. 613 18 8 Sundry expenses as under: Charges on 11,486 2 8 dyes in England ; freight to New Zealand, insurance, cartage, repacking, postages, cablegrams, storage : — £ s. d. Paid for financial year ending 31st March, 1922 .. .. 517 15 3 Paid for financial year ending 31st March, 1923 .. .. 15 19 1 533 14 4 Less insurance premium recovered .. 3 12 II 530 1 5 Administrative expenses (charge to cover approximate cost of selling agency and administration thereof), 2. 1 , per cent, on gross sales .. .. .. 302 10 0 Net profit carried down .. .. 8,218 18 0 £11,-18(1 2 8 £11,486 2 8 £ s. d. To Ex gratia payments to British nationals By net profit brought down .. . . 8,218 IS 0 domicilod in New Zealand who sus- £ s. d. lained losses through enemy action . . 7,320 0 2 Balance .. 898 11 10 £8,218 18 0 £8,218 18 0 J. W. Collins, Secretary, Department of Industries and Commerce. I hereby certify that Trading and Profit and Loss Account has been duly examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby.—G. F. 0. Campbell, Controller and Auditor-General.

B.—l [Pt. IV, Sop. B].

DEPARTMENT OF INDUSTRIES AND COMMERCE. Income and Expenditure Account for the Year ending 31st March, 1924. Administrative Services. Expenditure. Income. £ s. d. To Salaries, overtime, and meal £ s. d. £ s. d. By Interim profit on Government sugar allowances .. .. 5,181 18 4 contract .. .. .. 20,000 0 0 Less recoveries .. 7 10 6 5,174 7 10 Advertising, periodicals, newspapers, &c. .. .. - 76 9 6 Freight, cartage .. 7 0 7 Less recoveries .. 2 13 1 .4 7 6 Fuel, light, and office, cleaning .. .. ... 64 3 3 Less recoveries .. 4 17 8 _____ sij 5 7 Expenses of participation in industrial exhibitions 109 5 10 Less recoveries .. 8 11 0 — 100 14 4 Office requisites, printing, r stationery: departmental publications and typewriter repairs.. .. 113 14 5 Less recoveries .. 013 0 113 1 5 Postages, telegrams, and rent of boxes, registration of code addresses and telephone services .. 285 11 1 Loss recoveries and stamps on hand, 31st March, 1924 .. 75 0 5 ■ 210 10 8 Travelling expenses and allowances, removal expenses of officers transferred .. .. 496 9 4 Less recoveries .. 28 12 8 467 16 8 Rent and rates .. .. 260 7 3 Depreciation .. .. .. 270 8 5 Balance carried down .. .. 13,262 10 10 £20,000 0 0 £20,000 0 0 Non-administrative Services. Expenditure. Income,. £ s. d. To Subsidies to steamer services— By Balance brought down .. .. 13,262 10 10 £ 's. d. £ s. d. Balance carried, down (excess of exNew Zealand - Van- penditure over inoome) .. .. 9,605 9 o couver ... .. 10,000 0 0 New Zealand - San Francisco .. .. 12,500 0 0 New Zealand - Chatham Islands .. .. 62 10 0 22,562 10 0 Interest on capital outlay .. 305 9 10 £22,867 19 10 £22,867 19 10 To Balance brought down (excess of expenditure over income) .. .. £9,605 9 0

28

29

B.—l [Pt. IV, Sup. B].

DEPARTMENT OF INDUSTRIES AND COMMERCE— continued. Balance-sheet as at 31st March, 1924. Liabilities. Assets. £ s. d. Office furniture and fittings — Capital Account .. .. .. 6,788 11 10 Head Office— £ s. d. £ s d. Sundry creditors .. .. 17,036 11 9 Balance from 31st March, Depreciation Reserve Account ~ 376 1 9 1923 .. .. 1,235 I 10 Treasury Adjustment Account .. 30,394-15 9 Additions, 1923-24 .. 18 0 0 1,253 1 10 Less transferred and disposed of .. .. 600 12 0 652 9 4 Auckland Office — Balance from 31st March, 1923 221 0 7 Less transferred, &o. .. 37 12 0 183 8 7 Christchurch Office— Balance from 31st March, 1923 .. .. .. 179 4 5 Additions, 1923-24 .. 12 6 ISO 0 11 Less transferred to other accounts, &c. . . 30 S 6 149 IS 6 Office of New Zealand Trade ' Commissioner, Melbourne .. 7 4 0 Mechanical office appliances— Wellington Office .. 198 10 0 * Auckland Officio .. .. 35 4 0 Christchurch Office .. 28 13 6 262 7 6 Library, Head Office— Balance brought forward from 31st March, 1924 .. SO 0 2 Additions, 1923-24 .. 13 IS 8 93 IS 10 Half - share in refrigerating plant, High Commissioner's Office, London .. . . .. 270 13 8 Standardized boots and other samples.. .. . . .. 100 10 8 Official stamps, stock in hand, 31st March, 1924 .. .. 9 19 11 Expenditure in advance .. .. 31 14 7 British Empire Exhibition— Expenditure to date— Balance as at 31st March, 1923 .. .. .. 240 14 7 Expenditure, 1923-24 . . 43,083 17 2 43,324 If 9 Less recoveries .. 102 14 2 43,221 17 7 Income and Expenditure Account— Excess of expenditure over income for 1923-24 .. .. .. 9,605 9 0 £54,596 1 1 £54,596 1 1 J. W. Collins, Secretary, Department of Industries and Commerce. 1 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, except that the accounts include charges against the. Department for interest on capital for which the Department possesses no parliamentary appropriation, and. credits to the account for the value of land and buildings and furniture, transferred to other Departments for which no payment has been made. The transactions of the Sugar Account have been taken as certified to by the Advisory Accountant of the Department. —G. F. 0. Campbell, Controller and Auditor-General.

K--1 tfcr. IV, Sup. ti\.

30

DEPARTMENT OE J USTICE. Income and Expenditure Account for the Year ended .'3lst March, 1924, Expenditure. Income. To Salaries— £ s. d. £ s. d. £ s. d. Judges .. .. .. 19,377 15 7 By Supreme Court revenue 51,117 9 4 Magistrates .. .. .. 23,536 9 10 Magistrates' Court Staff .. .. .. .. 03,126 .15 7 rcvcnuo .. .. 118,755 11 11. Grants in lieu of leave .. .. 755 0 0 Warden's oou r t s Subsidy, Chatham Islands steamer revenue .. .. 169 10 6 service .. .. .. 62 10 0 Bankruptcy revenue 7,884 10 8 Travelling-expenses .. .. 9,343 2 1.1 Licensing revenue .. 2,452 12 7 Advertising .. .. .. 416 16 0 Patents revenue .. 11,670 17 10 Cost administering licensing laws in districts where Counties Act not in 192,050 12 10 operation .. .. .. 59 16 5 Less refund of fees, Fuel, light, water, &c. .. .. 3,329 17 1 fines, &c. .. 8,235 0 2 Postage .. .. .. .. 3,392 3 4 183,815 12 8 Printing and stationery .. .. 5,993 8 7 Land Agents' license fees .. .. 1,154 2 0 Bent .. .. .. .. 476 II 1 License fees re King's Counsel .. 11 11 0 Telephones .. .. .. 1,402 6 1 Estreated recognizances .. .. 92 0 0 Typewriter repairs .. .. 164 18 (i Fee re Shorthand Reporters Act .. 2 2 0 Bankruptcy Commission .. .. 5,312 2 2 Pee re searchers, Warden's Courts .. 519 6 Courthouse cleaning .. .. 1,962 14 4 Native reserve, Urcwera district .. 010 0 Criminal prosecutions .. ... 16,086 17 11 Police penalty .. .. .. 2 0 0 Cost of inquests .. .. .. 6,066 11 8 Expenses under Juries Act .. 1,516 11 2 Commission on money-orders .. 246 16 9 Contingencies .. .. .. 301 4 9 Expenses Circuit Courts .. .. 1,396 11 8 Expenses reformatory institutions .. 4,059 17 6 Office requisites .. .. .. 6 2 3 Special grants .. .. .. 318 6 0 Law-costs .. .. .. 65 7 2 Depreciation .. .. .. 7,707 10 5 Repairs and maintenance .. .. 4,321 1.4 3 Balance . . .. .. .. 4,277 18 2 £185,083 17 2 £185,083 17 2 I £ s. d. ' £ s. d. To Interest on capital .. .. 21,325 10 0 By Excess income over expenditure, before charging interest .. .. 4,277 18 2 Salary, Clerk, Chalmers Licensing Committee, Ist April, 1915, to 31st March, 1923, recovered from Port Chalmers Borough Council .. .. 160 0 0 Excess expenditure over income .. 16,887 17 10 £21,325 16 0 £21,325 10 0 Balance-sheet as at 31st Marco, 1924. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Capital .. .. .. .. 473,906 14 5 Buildings and sites .. 432,422 0 S Sundry creditors .. .. .. 6,872 17 7 Additional .. .. 2,975 8 9 Suspense Account .. »-.. .. 231 1 9 435,397 9 5 Depreciation reserve .. .. .. 22,734 10 4 Patent Office library .. .. 5,000 0 0 Office furniture and fittings 34,219 II 3 Additional .. .. 806 II 9 35,026 3 0 Mechanical appliances .. 2,265 2 6 Additional .. .. 358 11 0 2,023 13 0 Railway season tickets paid in advance 532 5 6 Motor-vehicles .. .. .. 217 9 8 Sundry debtors .. .. .. 428 2 7 Treasury Adjustment Account .. 7,032 2 7 Excess expenditure over income .. 10,887 17 10 £503,745 4 1 £503,745 4 1 0. E. MATTHEWS, Under-Secretary. 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, except that the accounts include charges against the Department for rent, interest, repairs and additions to buildings, for which the Department possesses no parliamentary appropriation, and also a credit for rent from the Native and Prisons Departments for which those Departments possess no parliamentary appropriation.- -C. E. C. Campbell, Controller and Auditor-General.

8.~-1 [Pt. IV, Sup, B]

31

KAURI-GUM INDUSTRY ACCOUNT. Trading Account for the Year ended 31st March, 1924. £ s. d. £ s. d. To Gum on hand, Ist April, 1923 .. 00,753 9 9 By Gum on hand, 31st March, 1924 .. 53,003 14 10 Purchases of gum .. .. 6,344 410 ' Sales of gum .. .. .. 22,091 12 10 Wages .. .. .. .. 2,509 10 11 Freights inward .. .. .. 788 10 7 Balance, being gross profit, to Profit and Loss Account .. .. 5,359 11 7 £75,755 7 8 . £75,755 7 8 Profit and Loss Account for the Year ended 31st March, 1924. £ s. d. £ s. d. To Freights outward .. .. .. 1,919 7 0 By Trading Account .. .. .. 5,359 11 7 General expenses .. .. .. 134 1. 11 Profit from sale of plant, stores, comCables, &c. .. .. .. 08 6 9 mission, &c. .. .. .. 487 14 5 Sacks, gum-cases, and consumable stores .. .. .. .. 596 6 0 Fire insurance .. .. .. 205 0 10 Printing and stationery .. .. 39 18 4 Depreciation .. .. .. 61 12 0 Rent .. .. . .. 300 0 0 Salaries .. .. .. .. 534 (i 0 Balance carried down .. .. 1,988 (i 8 £5,847 6 0 £5,847 6 0 £ s. d. £ s. d. To Balance on Ist April, 1923 .. .. 5,170 19 11 By Balance brought down .. .. 1,988 6 8 Interest on debentures .. .. 3,287 5 0 Balance as per balance-sheet .. 6,475 18 3 £8,464 4 11 £8,464 4 11 Balance-sheet as at 31 st March, 1924. Liabilities. Assets. £ s. d. Loan Account —Debentures £ s. d. £ s. d. j Land at face-works and elsewhere, with issued under Kauri-gum buildings, fences, and improvements .. 5,100 2 0 Industry Act, 1914 .. 75,000 0 0 j Vacuum-tank, fittings and plant, and Less sinking fund in hands royalties, short-workings .. .. 2,900 010 of Treasury .. .. 484 011 Plant and store fittings .. .. 256 (i S 74,515 19 1 Live and dead stock .. .. .. 47 9 3 Crown Land Account .. .. .. 500 0 0 Furniture and office fittings .. .. 99 4 5 Sundry creditors, for supplies .. .. 85 S 9 Sacks, gum-cases, and consumable stores 275 2 6 Sundry creditors, for gum purchases . . 275 5 3 Charges paid in advance . . . . 92 4 8 Interest on debentures.. .. .. 1,354 17 3 Gum on hand .. .. .. 53,603 14 10 Gum on consignment .. .. .. 782 17 2 Sundry debtors .. .. .. 04 2 8 Cash on hand .. .. .. 0,968 0 7 ; Profit and Loss Account .. ... 0,475 18 3 £76,731 10 4 £76,731 10 4 H. J. Lowe, Kauri-gum Superintendent. I hereby certify that the balance-sheet and supporting statements have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as thereby disclosed ; also that thejvalue of the stocks on hand has been accepted on the certificate of the Kauri-gum Superintendent,—G. E. 0. Campbell, Controller and Auditor-General.

B — 1 [Pt. TV, Sup. B].

MARINE DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. Income. To Stock on hand as at Ist April, £ s. d. £ s. d. By Shipping and Seamen Aot — £ s. d. £ s. d 1923— Engagement and discharge Marine stores .. .. 13,957 13 1 of seamen .. .. 4,026 15 5 Charts, saleable books, and Surveys of ships .. .. 4,785 2 ti forms .. .. 2,588 5 0 Measurement of ships .. 22 10 0 16.5-15 IS 1 Examinations of masters, Head Office— mates, &o. . . .. 309 12 0 Salaries and allowances .. 0,793 13 0 Light dues .. .. 76,867 15 6 Office expenses .. .. 1,780 10 2 Kines and forfeitures .. 1,105 4 7 8,574 3 2 Miscellaneous receipts .. 207 15 2 Harbours— — 87.384 15 2 Salaries, wages, and allow- Harbours Act— ances .. .. .. 2,472 1 2 Pilotage and port charges .. 768 13 1 General maintenance .. 1,267 10 3 Foreshore revenue, &c. .. 2,909 0 4 — 3,739 17 5 ■ 3,677 13 5 Lighthouses Fisheries Act — Salaries, wages, and allow- Profit on oysters, as per sepaances .. .. 18,271 9 5 rate Profit and Loss AcGeneral maintenance .. 0,370 12 II count attached .. 2,310 19 9 Maintenance of automatic Miscellaneous receipts .. 927 4 1 lights.. .. .. 660 17 0 3,238 3 10 25,302 19 4 Inspection of Machinery Act— Meteorological Branch.— Inspection of boilers and Salaries, wages, and allow- machinery .. .. 10,123 14 S ances .. .. .. 1,704 2 3 Examinations of engineOffice and general expenses.. 3,868 3 11 drivers .. .. 634 18 0 5,572 6 2 Miscellaneous receipts .. 1 16 6 Mercantile Marine— 16,760 9 2 Salaries and allowances ~ 11,098 7 8 Tramways Act— Office and general expenses 5,487 7 5 Examinations of elcctric- — 16,585 15 1 tram drivers .. .. .. 104 0 0 Inspection of Machinery — Miscellaneous revenue— Salaries and allowances .. 17,870 4 9 Sales of obsolete stores .. 196 16 8 Travelling-expenses .. 4,731 0 0 Sales of charts, books, and Office and general expenses.. 3,200 16 5 forms .. .. 584 16 8 —— 25,802 1 2 Sales of " New Zealand NauFisheries— tical Almanac " .. 135 18 2 Salaries, wages, and allow- Sales of fishing-gear .. 742 18 3 ances.. .. .. 2,129 9 10 Sale of wreck .. .. 53 18 3 Office and general expenses. . 1,014 1 10 Rents of buildings and rc--3.743 11 8 serves .. .. 154 2 8 Working - expenses of Govern- Ross Sea Dependency .. 200 0 0 ment steamers .. .. .. 20,031 7 1 Miscellaneous receipts .. 35 11 11 Miscellaneous services— 2,104 2 7 Charts, saleable books, and Stock as at 31st March, 1924— forms .. .. 1,949 10 0 Marine stores .. .. 1.1,787 4 9 Checking passenger traffic .. 353 19 5 Charts, saleable books, and Maintenance of castaway de- forms .. .. 3,833 8 3 pots .. ...'.. 16 2 6 15,620 13 0 "New Zealand Nautical Excess expenditure over inoome .. 9,759 8 1 Almanac" . . .. 623 6 8 Preparation of tide-tables .. 550 0 0 War medals and ribandsfor mercantile marine .. 27 9 9 Relief of distressed seamen. . 65 18 2 Miscellaneous expenses .. 21 17 5 Ross Sea Dependency .. 331 3 6 3,939 7 5 Grants .. .. .. .. .. 900 0 0 Depreciation .. .. .. .. 7,911 18 S £138,049 5 3 £138,649 5 3 £ s. d. To Balance brought down .. .. .. 9,759 8 1 By Excess expenditure over income after charging £ s. d. Interest on capital .. .. .. 17,471 10 8 interest on capital ~ ~ .. 27,231 4 9 £27,231 4 9 £27,231 4 9

32

B.—l [Pt. IV, Sup. B].

33

MARINE DEPARTMENT— continued,. Sale of Oysters, 1923 Season. Production Account. Dr. £ s. d. Or. £ s. d. To Wages of overseers and pickers .. 2,775 7 6 By Balance transferred to Trading Account 2,775 7 6 £2,775 7 6 £2,775 7 6 Trading Account. Dr. £ s. d. CY. £ s. d. To Balance transferred from Production By Sales .. .. .. .. 7,355 17 0 Account .. .. .. 2,775 7 6 Wages of storemen and labourers .. 283 15 5 Freight and cartage .. ... 324 18 3 Sacks and stores .. .. .. 237 12 9 Wharfage .. .. .. 53 6 0 Maintenance of ketch and launches .. 701 7 11 Depreciation on ketch and launches .. 159 7 8 Gross profit transferred to Profit and Loss Account .. .. .. 2,820 2 0 £7,355 17 6 £7,355 17 6 Profit and Loss Account. Dr. £ s. d. Or. £ s. d. To Salaries .. .. .. .. 332 610 By Gross profit transferred from Profit Rent and electric light .. .. 54 1 2 and Loss Account .. .. 2,820 2 0 Travelling-expenses .. .. 107 14 0 Printing and stationery .. .. 9 2 0 Advertising .. .. .. 015 9 Telephone rental .. .. .. 5 2 6 Not profit transferred to Income and Expenditure Account .. .. 2,310 19 9 £2,820 2 0 £2.820 2 0 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. 539,725 410 Land and buildings .. .. .. 36,497 910 Sundry creditors .. .. .. 5,748 10 0 Lighthouses (including land, towers, buildDepreciation Reserve Account .. .. 29,718 18 9 ings, furniture, apparatus, and equipTreasurv Adjustment Account .. .. 10.616 9 4 ment) .. .. .. .. 260,934 8 11 Automatic lights .. .. .. 29,167 2 3 Fog-signals .. . . .. .. 250 0 0 Buoys, beacons, and moorings .. .. 7,706 2 3 Government steamers .. .. 25,698 1 1 Wharves .. .. .. .. 2,354 0 0 Harbour equipment (including boats, flagstaffs, signalling-apparatus, tools, &c.) 2,079 4 0 Oyster-beds .. .. .. 122,173 13 2 Oyster ketch and launches .. .. 0,065 17 7 Fish-hatcheries and equipment .. 2,180 5 5 Fisheries Development Account .. 32,311 13 5 Motor-vehicles .. .. .. 200 17 S Horses .. .. . . .. 050 10 0 Meteorological instruments and apparatus 2,190 5 2 Automatic flashing lamps .. .. 343 12 10 Test-pumps and pressure-gauges .. 277 15 0 Office furniture and fittings .. .. 4,483 0 5 Mechanical office appliances .. .. 701 15 0 Library .. .. .. .. 1,397 19 0 Marine stores .. .. .. 11,787 4 9 Charts, saleable books, and forms .. 3,833 S 3 Sundry debtors .. .. .. 5,281 12 2 Excess expenditure over income .. 27,231 4 9 £585,809 2 11 £585,809 2 11 J. E. Engel, Accountant. G. 0, Godfrey, Secretary. T 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, except that the accounts include charges against the Department for rent, interest, services of Customs Department, and the construction and maintenance ol' lighthouses, for which the Department possesses no parliamentary appropriation, and also charges for services rendered to the Customs Department for which that Department possesses no parliamentary appropriation. —G. E. C. Campbell, Controller and Auditor-General,

s—B.5 —B. 1 [Pt. IV, Sue. B].

B.—l [Pt. TV, Sup. B].

34

NATIONAL PROVIDENT AND FRIENDLY SOCIETIES DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. Income. £ s. d. To Administration charges-- £ s. d. £ s. d. By Sundry fees .. .. .. 217 0 Salaries .. ..11,014 11 7 Balance carried down .. .. 21,105 7 0 Audit .. .. 50 0 0 Meal allowances and overtime .. .. 81 11 11 Rent .. . . 1,345 4 1 Commission allowances, &c .. .. 4,960 13 5 Postages, telegrams, &c. 611 18 9 Telephone services .. 101 1 2 Post and Telegraph Department charges .. 610 16 0 Payment to Government Insurance for services of charwomen, &c. .. 31 12 0 Transfer and removal expenses of officers .. 195 511 Travelling-allowances, &c. 387 11 6 Printing and stationery 539 I(i 2 Office maintenance .. 124 14 10 Fuel, light, power, and water .. .. 51 18 5 Legal expenses .. 3 3 0 Medical examinations .. 2 2 0 20,112 0 9 Other items— Payments for statistical returns of sickness and mortality .. .. 885 4 0 Depreciation .. .. .. 158 9 0 Loss on realization of property .. 12 9 9 £21,168 4 0 £21,168 4 6 £ s. d. £ s. d. To Balance brought down .. .. 21,165 7 6 By excess of expenditure over income after Interest on capital .. .. .. 87 0 9 charging interest .. .. .. 21,252 8 3 £21,2 2 8 3 £21,252 8 3 Balance-sheet as at 31st March, 1924. Liabilities. Assets. £ s. d. £ s. d. £ 8. d. Capital Account .. .. .. 1,934 4 2 Furniture and liftings .. 1,389 17 8 Sundry creditors .. .. .. 1,547 2 9 Add additions .. .. 72 16 2 Depreciation Reserve Account . . .. 551 18 8 ■ — Writing off Suspense Account .. .. 12 9 9 1,462 13 10 Treasury Adjustment Account .. .. 19,800 9 9 Less disposals .. .. 38 13 0 1,424 0 10 Mechanical appliances .. .. 544 6 0 Stationery .. . . .. .. 592 4 4 Sundry debtors .. .. .. 33 5 2 I Excess of expenditure over income .. 21,252 8 3 £23,840 5 1 £23,846 5 I A. T. Traversi, Superintendent. J 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, except that the accounts include a charge for interest for which the Department possesses no parliamentary appropriation, 0. E. 0. Campbell. Controller and Auditor-General.

B.—i [Pt. Vf, Sup. BJ

NATIONAL PROVIDENT FUND. Revenue Account for the Year ended 31st December, 192.3. £ s. d. £ s. d. Amount of fund at beginning of year .. 793,143 17 10 Maternity claims (section 18) .. 6,960 0 0 Contributions .. .. .. 142,931 17 3 Maternity claims (approvod friendly Interest .. .. .. .. 46,922 11 3 societies).. .. .. .. 33,228 0 0 Fines .. .. .. .. 818 18 2 Refund of contributions on lapse, reducGovernment contribution under Act .. 36,434 12 2 tion, and withdrawal (sections 10, 11, Refund of maternity claims by the State 40,188 0 0 12, and 13) .. .. .. 37,180 19 0 Contributions overpaid on exit .. 26 14 10 Incapacity allowances (sections 16 and Benefits refunded on exit .. .. 5,886 1 7 17), including contributions waived on Miscellaneous roceipts .. .. 33 14 5 incapacity (£271 6s. 6d.) .. .. 2,196 1 6 Death: Refund of contributions (sections 14 (5) and 15) .. .. 4,010 5 10 Death : Allowances on account of widows and children (section 14) .. .. 5,569 15 7 Retirement: Allowances (section 12) .. 7,268 19 5 Refund of contributions overpaid on exit .. .. .. .. 26 14 10 Amount of fund at end of year .. 969,945 11 4 £1,066,386 7 6 £1,066,38.5 7 6 * Balance-shuet as at 31st December, 1923. Liabilities. £ s. d. Assets. Fund as per Revenue Account .. 969,945 11 4 In hands of Public Trustee— £ s. d. Claims due and in course of payment— Invested.. .. .. .. 919,540 3 8 Maternity .. .. .. 5,019 210 Uninvested .. .. .. 12,361 13 3 Death (section 15) .. .. 468 9 1 Balance with Post Office .. .. 4,439 0 0 Death: Allowances (section 14) .. 199 7 4 Balances in transit .. .. .. 6,658 5 3 Allowances (section 12) .. .. 302 18 9 Contributions outstanding or in course Allowances (section 16) .. .. 21 16 6 of transmission*— Refunds in suspense.. .. .. 24,456 12 3 (a) Contributions due but not overdue 11,535 1 9 Deposits on incomplete applications to (b) Contributions overdue .. .. 3,348 17 10 join fund .. .. .. 0 5 0 Government subsidy due under Act* .. 36,434 12 2 Suspense Account .. .. .. 423 10 5 Refund due in respect of maternity One-half contributions of members of claims* .. .. .. .. 5,420 0 0 Expeditionary Forces overpaid by Fines due* .. .. .. .. 418 12 2 State .. .. .. .. 46 10 5 Interest due * .. .. .. 3,140 9 6 Contributions prepaid .. .. 4,632 15 8 Interest accrued, but not duo* .. 13,553 9 6 Investment Fluctuation Reserve (by transfer from refunds unclaimed) .. 11,333 5 6 £1,016,850 5 1 £1,016,850 5 1 * included in He venue Account. A. T. Traveksi, Superintendent. I hereby certify that the balance-sheet and Revenue Account have been duly examined and compared with the relative books and documents submitted for "audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

35

B.—l [Pt. IV, Sup. B].

36

NATIVE DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. Income. To Administration charges— £ s. d. £ a. d. By Fees — £ s. d. £ s. d. Salaries .. .. 21,623 13 2 Native Land Court .. 6,365 311 Travelling expenses and Maori Land Board .. 2,323 8 6 allowances.. .. 2,938 13 11 Translations .. .. 115 14 0 Special allowances .. 58 6 8 Native Interpreters' Supervisor's fees .. 38 17 0 license .. .. 10 10 0 Freight and cartage .. 198 3 2 ——-— 8,814 16 5 Fuel, light, and cleaning, Contributions fro m &c. .. .. 83116 Maori Land Boards .. .. 8,833 0 0 Postages and telegrams 730 13 11 Balance carried down .. .. 25,981 14 1 Printing and stationery 822 5 1 Rent .. ..1,432 7 10 Refund to Chief Judge 23 17 0 Transfer and removal expenses .. .. 42 19 5 Miscellaneous.. .. 31 13 8 28,025 2 4 Civil List, Native purposes— Pensions .. .. 221 10 0 Food and clothing .. 1,864 14 0 Health .Department .. 3,600 0 0 Native hostelries .. 77 17 11 Maori Ethnological Fund 300 0 0 Maori welfare .. 88 3 11 Miscellaneous.. .. 26 16 0 6,179 1 10 Other items— Depreciation .. .. 183 12 0 Destruction of rabbits on Native lands .. 6,085 19 1 Ohihemuri water-supply 50 0 0 Public ation of Kahiti £1,582 4 6 Less reve- * nue receipts .. 22 11 3 • — — 1,559 13 3 Clearance of noxious weeds on Native lands 8 2 0 Part cost of partition survey,Waitara Survey District .. .. 92 0 0 Cost of litigation by Arawas .. .. 500 0 0 Costs re South Island Maori claims .. 946 0 0 • 9,425 6 4 £43,629 10 6 £43,629 10 6 £ s. d. £ s. d. To Balance brought down .. .. 25,981 14 1 By Excess of expenditure over income .. 26,337 15 9 Interest on capital at 4£ per cent. .. 356 1 8 £26,337 15 9 £26,337 15 9 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital—Liability to Treasury at Ist April, Crown land .. .. .. 5,265 0 0 1923 .. .. .. .. 7,912 15 10 Furniture and fittings .. 2,447 15 10 Treasury Adjustment Account .. .. 25,386 3 0 Additions .. .. 53 17 0 Depreciation Reserve .. .. 540 3 8 2,501 13 4 Sundry creditors .. .. ... '1,389 5 3 Stationery .. .. .. 200 0 0 Sundery debtors .. .. .. 774 2 9 Expenditure paid in advance .. 149 15 11 Excess of expenditure over income .. 26,337 15 9 £35,228 7 9 £35,228 7 9 11. N. Jones, Under-Secretary. I hereby certify that the Income and Expenditure Account and balance-sheet have been duJy examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, except that the accounts include charges against the Department for rent and interest for which the Department possesses no parliamentary appropriation.—G. P. C. Campbell, Controller and Auditor-General.

37

B.—l [Pt. IV, Sup. B].

NATIVE TRUST OFFICE. Revenue Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. £ s. d. Or. £ s. d. To Salaries— By Commission, fees, and charges 4,995 18 5 Permanent ..4,851 9 5 Net interest on investments .. 11,428 I 0 Liability, 31st Mar. 29 19 5 4,881 8 10 Temporary .. .. 505 10 2 Additions, improve- 5,386 19 0 ments, repairs, m ai n tenance, and insurance of plant, &c.— Office furniture .. .. 30 13 2 Office instruments and machinery 12 8 li Office insurance .. .. 211 8 45 13 4 Audit fees for inspection of accounts .. .. 50 0 0 Maori Ethnological Research Fund, contribution towards . . .. .. .. 250 0 0 Overtime and meal allowances .. .. 27 4 4 Postages, telegrams, freight, cartage, and rent of boxes .. .. .. .. .. 134 14 8 Post and Telegraph Department— Payment for services .. 44 3 0 Liability, 31st March .. 20 11 0 04 14 0 Printing and stationery .. 240 1 7 Liability, 31st March .. 10 3 3 250 4 10 Rent .. . . .. .. .. 250 0 0 Stores for cleaning, lighting, firing, &c. .. 4 0 S Telephone charges .. .. .. .. 74 2 1 Travelling-expenses— Removal, &c, of .officers .. 0 0 4 Officers on duty .. . . 421 13 2 421 19 0 Contingencies .. .. .. .. 21 0 7 Depreciation of office furniture, fittings, instruments, and machinery .. .. .. 107 10 3 Net proiit to Appropriation Account .. .. 9,275 10 2 £10,423 19 5 £16,423 19 5 Appropriation Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s, d. To Reserve and Assurance Fund .. 8,348 10 2; By Net profit for year ended. 31st March, Investment Fluctuation Fund .. 927 0 0 ' 1924, transferred .. .. .. 9,275 10 2 £9,275 10 2 j £9,275 10 2 Balance-sheet as at 31st March, 1924. Amounts held under— £ s. d. Sundry assets — £ s. d. £ s. d. £ s. d. West Coast Settlement I.lc- Office furniture .. 255 12 10 serves Act, 1892 .. 92,305 15 3 Less depreciation (10 Native Reserves Act, 1882 percent.) 31 1 0 (as per statement at- 224 11 10 tached) .. .. 40,859 8 5 Office fittings .. 440 18 7 Native Land Act, 1.909 Less depreciation (20 (PartX) .. .. 187,34.1 710 percent..) .. 89 6 6 Miscellaneous funds (including 351 12 1 Maori Land Boards'accounts) 491,137 3 9 Office instruments and Sundry creditors .. .. 60 13 8 machinery .. 233 2 0 Reserve and Assurance Fund 34,149 18 1 Less depreciation (15 Investment Fluctuation Fund 3,714 13 1 percent.) .. 47 2 9 . 185 19 9 Stationery .. .. .. 132 12 5 894 10 I Stocks, bonds, and debentures— Government securities .. .. 1.15,000 0 0 Local bodies'securities .. 195,290 0 0 310,290 0 0 Mortgages (including special investments) .. .. .. .. 485,099 15 5 Interest due anrl accrued .. .. 12,908 11 10 Cash on deposit .. .. 30,000 0 0 Cash on hand and in bank, and Agent's balances .. .. 15,775 10 9 45,775 16 9 £855,569 0 1 £855,569 0 I. W. E. Rawson, Native Trustee. R. Sinel, Accountant. The Audit Office, having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith.—G. F. C. Campbell, Controller and Auditor-General.

8.--1 [Pt. IV, Sup. B].

38

NAVAL DEFENCE. Statement of Receipts and Payments for the Year ended 31st March, 1924. Receipts. £ s. d. Payments. £ s. d. Imprests outstanding, 31st March, 1923. . 42,376 15 6 Full pay, wages, &e.— Recoveries from the Imperial Government Pay, Administrative Staff .. .. 2,917 19 5 and ratings— Pay, officers and ships'companies .. 130,561 II 0 Pay, clothing, victualling, and rent Charges for and incidental to— (ledgers) .. .. .. 1,649 6 2 Administration expenses of allotments 332 18 4 Pay, &c. (cash accounts) .. .. 395 14 5 Moneys due to Admiralty, remittances, Coal to sloops .. .. .. 9,343 3 7 &0. .. .. .. .. 14,627 12 3 Receipts from New Zealand ratings and Clothing, Implement, and Victualling Acother sources— counts— Pay, Administrative Staff .. .. 3 0 0 Clothing purchases .. .. 1.192 13 5 Pay, officers and ships' companies .. 2,555 7 9 Rebate of duty to officers .. .. 10 3 2 Moneys due to Admiralty, &c.— Purchase of mess traps .. .. 029 15 7 Remittances .. .. .. 5,220 3 5 Victualling of personnel .. .. 21.410 411 Postal orders .. .. .. 209 10 0 Leave allowance .. .. .. 4,059 10 10 Unpaid postage .. .. .. 3 3 7 Kit-upkeep allowance .. .. 7,115 14 11 Clothing purchases .. .. 4,178 811 Medical services— Purchase of mess traps .. .. 27 3 2 Stores, provisions, &o. .. .. 384 4 0 Victualling of personnel .. .. 3,665 12 11 Dental treatment ashore .. .. 325 Is 0 Leave allowance .. .. .. 014 0 Medical examination of recruits .. 130 IS 0 Medical stores .. .. .. 0 2 0 Medical treatment ashore .. .. 668 18 0 Coal. Auckland and Suva .. .. 838 10 0 Repairs, alterations, and dooking (Jas, Devonport and Navv Office .. 5 15 7 H.M.B. " Chatham" .. .. 191 16 1 Stores, naval .. .. .. 206 16 11 H.M. 8. " Philomel" .. .. 608 17 6 Advertsiing, &.c. .. .. .. 10 0 Supply of steam sterilizer to" Philomel" 125 0 o Freight, insurance. &c. .. .. 94 18 3 Purohase of acetone-welding plant .. 70 9 0 Printing and stationery .. .. 412 I Contribution to Auckland Harbour Passages, travelling, &'c. .. .. 231 13 10 Board .. .. .. .. 5,000 0 0 Postages, &c. .. .. .. 48 18 4 Fuel and righting — Telephone services . . .. .. 411 II 11.M.5. " Chatham " .. .. 22,251 II 2 Deferred pay .. .. .. 897 12 6 H.M.S. " Philomel" .. .. 2.035 10 o Rebate of income-tax .. .. 314 10 Coal. Auckland and Suva .. .. 8,853 S 2 Sale of old stores, and miscellaneous Supply of electricity to ships, etc. .. 52 10 II credit .. ... .. .. 11 3 10 Gas, Devonport and Navy Office .. 70 3 7 Contingencies— i Stores, naval, engineers, &C. .. .. 28,030 2 10 Cash transferred from " Chatham ".. 350 0 0 [ Works Purchase of discharge .. .. 50 00 j Emergenoy sick-quarters .. .. 210 4 9 Loss of baggage .. .. .. 28 14 11 Maintenance of dockyard plant, &c. .. 204 3 6 Refund unexpended balance" lonic's" Building of clothing-store .. '.. 145 12 I draft .. .. .. 0 () 5 Removal of inflammable store .. 80 15 0 Issues from the Treasury .. .. 254,237 7 5 Upkeep and improvement of recreation - ground .. .. . . .. 60 8 7 Reserves — Pay, Travelling - expenses, medical examination, and retainers .. 738 2 5 Miscellaneous effective services— Advertising, books, &c. .. .. 253 17 II Allowances in lieu of quarters ~ 343 (i 3 Bonuses to recruiters . . . . 25 0 0 Cleaning Navy Office .. .. 47 11 3 Compensation to P. 0. Roberts . . 120 (i 0 Compensation to M. C. Chubb .. 447 1 8 Compensation for injuries, disease. &c. 430 17 I Freight, insurance, &c. .. .. 2,827 0 II Gunnery and Torpedo Efficiency Fund 98 I 2 [nterments .. .. ' .. 32 o 10 Office fittings .. .. .. 54 10 1 Printing and stationery .. .. 320 19 4 Passages, travelling-expenses, &c. 23.423 13 2 Playing harmonium at Divine Service.. 5 15 o Postages, &c. .. .. .. 554 12 2 Rent of Navy Offloe and storerooms .. 513 0 s Telephone services . . . . . . 57 It 2 Training Service Fund .. .. 159 0 10 Typewriter repairs .. .. .. 12 12 0 Miscellaneous non-effective servicesDeferred pay, including pensions contributions to Admiralty .. 25,799 8 S Rebate of income-tax .. .. 1.211 Hi 5 Coal and oil, '■'Chatham," voyage out. . 1,907 0 O Panama Canal tolls and Consul's commission .. .. .. 868 10 0 Repairs to " Philomel "at Bombay .. 251 5 0 Contingencies— Sums recoverable expended on behalf of Admiralty . . . . . . I ,477 10 0 dish from " Chatham "to " Philomel " 250 0 O Cash to Accountant Officer, " lonic's" draft .. .. .. 100 0 0 Exchange paid .. .. .. 54 210 Compensation for loss of baggage .. 28 14 11 Stores missing on quarantine of "Chatham" .. .. .. 14 17 5 Stores from Accountant-General (par ticulars not given) • .. .. 0 19 S Stores from Accountant-General (particulars not given) .. .. 2 5 0 Bank charges in England .. .. 2 0 0 Adjustment " lonic's " Cash Account.. 0 0 6 Imprests outstanding, 31st March, 1924. . 10,891 0 11 £326,643 16 3 £320,643 16 3 Reginald Butcher, Naval Secretary. I hereby certify that the statement of receipts and payments has been duly examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

39

B.—l [Pt. IV, Sup. B].

PRINTING AND STATIONERY DEPARTMENT. Trading Account for the Year ended 31st March, 1924. Dr. Per Cent. C'r. Per Cent. To Paper and materials- £ s. d. ■&*!*£ £ S. d. By Sales- £ s. d. £ a -' ] - Stock at beginning 29,127 6 0 ' Manufacturing .. 101,529 14 0 Add purchases .. 32,015 18 5 Stationery and publications .. 27,532 15 5 61,143 4 5 Typewriters .. 2,241 7 4 Less stock on hand, 98-04 191,303 16 9 31st March, 1924 24,499 12 0 Discounts received . . .. 0-06 120 0 I 18-78 30,043 12 5 Stationery — Stock at beginning.. 11,395 2 9 Add purchases .. 17,486 4 9 28,881 7 6 Less stock on hand, 31st March, 1924 8,864 10 3 10-20 20,010 11 3 Typewriters — Purchases .. 3,539 S 10 Less stock on hand, 31st March, 1924 1,447 15 I 1-08 2,091 13 9 Wages (productive) .. 78,402 19 0 40-18 Wages (establishment) 22,499 10 11 .11-53 Wages (Stationery Office) .. .. 3,999 5 4 2-05 Freight (inwards) .. 5,373 19 6 2-75 Lighting (proportion) 360 4 0 0-18 Power .. .. 1,114 13 9 057 Fuel .. .. 1,057 17 1 0-54 Water .. .. 121 4 0 0-06 112,930 0 7 Balance to Profit and Loss .. .. 10-12 19,74118 10 981 £191.423 16 10 981 £191,423 16 10 Profit and Loss Account for the Year ended 31st March, 1924. Per (.'cut. Per Cent. _ of Total • „ of Total Dr. Revenue. £ s. d. Or. Revenue. i- s- d. To Office salaries .. .. .. 2-si 4,333 8 8 By Balance from Trading Account .. 1012 19,74118 10 Repair and alterations to buildings Storing and handling stationery for and plant .. .. .. 0-47 913 3 5 other Government Departments .. 0-32 613 9 2 Postages and telegrams .. .. 0-50 1,093 5 11 Commission on sales of publications, &o. 1-40 2,844 14 9 Freight (outward) .. .. .. 0-54 1,05111 1 Rent receivable .. .. .. 0-12 236 0 0 Insurance .. .. .. 0-05 94 .17 9 Exchange .. .. .. 0-01 11 9 0 Discounts allowed .. .. .. 0-05 89 11 10 Telephones (rentals and alterations) .. 0-02 44 7 2 Medical services .. .. .. 0-08 162 7 0 Lighting (proportion) .. ~ 0-02 40 0 0 Proportion rent, Sigh Commissioner's Office .. .. .. .. 0-08 150 0 0 Office expenses .. .. .. 0-21 406 12 3 Audit fee.. .. .. .. 0-05 100 0 0 Wages, charwomen and watchmen .. 1-24 2,417 8 1 Compassionate allowance, Mrs. H. Hussey .. .. .. 0-05 100 0 0 Constructing tennis-court .. .. 0-04 80 5 1.1 Fire-brigade expenses .. .. 0-01 22 11 6 Grants in lieu of leave .. .008 161 9 0 Depreciation on buildings and plant .. 1-44 2,802 14 10 Interest on capital. . .. .. 4-35 8,477 19 6 Balance carried down .. . . 0-45 876 18 10 12-02 £23,430 2 9 12-02 £23,436 2 9 • By balance brought down .. .. .. £876 18 10

B.—l [Pt. IV, Sup. B].

40

PRINTING AND STATIONERY DEPARTMENT— continued. Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. Capital Account .. .. .. 188,399 8 8 £ s. d. £ s. d. Sundry creditors .. .. .. 12,443 17 11 Buildings .. ..44,178 8 0 Wages accrued due .. .. .. 663 9 1 Less depreciation .. BS3 11 4 Bad debts reserve .. .. .. 215 15 2 43,294 10 8 Treasury Adjustment Account .. 14,000 5.10 Land .. .. .. .. 00,(i00 0 0 Writing-off Suspense Account .. 78 13 3 I Plant and machinery— Balance Profit and Loss Account .. 876 18 10 ', Printing plant .. 17,519 0 4 Binding plant .. .. 5,377 0 5 Litho and photo plant .. 2,300 12 6 Engine-room plant .. 197 10 10 Monotype plant .. 2,057 0 4 27,512 2 5 Add purchases.. .. 4,069 10 5 31,581 12 10 Less sales .. .. 240 0 0 31,341 12 10 Less depreciation .. 1,404 4 8 29,877 S 2 Motor-van .. .. 738 7 6 Less depreciation .. 73 16 9 664 10 9 Type .. .. .. 6,708 3 3 Add purchases.. .. 565 1 10 7,273 5 1 Less depreciation .. 363 13 4 6,909 11 9 Furniture .. .. 348 16 9 Less depreciation .. 17 8 9 331 8 0 Payments in advance .. . . 215 14 0 Sundry debtors .. .. .. 26,487 14 9 Work in progress .. .. 13,431 16 10 Stocks on hand .. .. .. 34,812 3 4 Stock Suspense Account . . .. 53 4 6 £216,678 8 9 £216,678 8 9 H. M. C. Robertson, Accountant. I hereby certify that the Trading Account, Profit and Loss Account, and balance-sheet have been duly examined and compared with relative books and documents submitted for audit, and correctly state the position disclosed thereby, except that the accounts include charges for repairs to buildings and interest on capital for which the Department possesses no parliamentary appropriation. —G. F. C. Campbell, Controller and Auditor-General. PUBLIC SERVICE COMMISSIONER'S OFFICE. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Permanent charges.. .. .. 1,843 14 4 By Examinations .. .. .. 584 15 11 Appropriations — £ s. d. Balance .. .. .. .. 8,353 2 9 Salaries .. ..5,155 16 4 Advertising .. .. 245 18 (i Appeal Board .. 344 11 9 Office fittings and requisites .. .. 28 2 S Postages and telegrams 129 19 11 Printing and stationery 278 8 4 Telephone services .. 84 16 6 Travelling-expenses .. 288 19 8 Contingencies .. 76 0 8 6,632 14 4 Rent .. .. .. .. 390 0 0 Depreciation . . . . . . 71 10 0 £8,937 18 8 £8,937 18 8 £ s. d. £ s. d. To Balance brought down .. .. 8,363 2 9 By Excess of expenditure over income ..8,422 13 3 Interest on capital .. .. .. 09 10 0 ' £8,422 13 3 £8,422 13 3

41

B.—l [Pt. IV, Sup. B"].

PUBLIC SERVICE COMMISSIONER'S OmnCE—continued. Balance-sheet as at 31st March, .1924. Liabilities. £ s. d. [ Assets. £ s. d. £ s. d. £ s. d. Capital Account .. .. 1,545 1 0 Office furniture .. .. 1,545 1 0 Treasury Adjustment Account 7,957 15 8 Additions during year .. 17 8 3 Sundry creditors .. .. 184 14 8 1,562 9 3 Depreciation Reserve Account 228 10 0 Less sales .. .. 10 0 0 Less transfers to other Departments .. .. 114 17 6 124 17 6 1,437 11 9 Stationery on hand .. .. .. .. 50 10 0 Official stamps on hand .. .. .. .. 5 6 4 Excess of expenditure over income .. .. .. 8,422 13 3 £9,916 1 4 £9,916 I 4 i - ■ ,1 i i A. C. Turnbull, Secretary, Public Service Commissioner. 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, except that the accounts include charges for assessed rent and interest for which the Department possesses no parliamentary appropriation, and that assets have been transferred to other Departments for which no payment has been received. —G. F. C. Campbell, Controller and. Auditor-General. PUBLIC TRUST OFFICE. Profit and Loss Account for the Year ended 31st March, 1924. £ s. d. £ s. d. £ s. d. To Salaries .. .. .. .. 139,193 S 0 By Commission, charges, surplus interest, and rent 267,623 0 2 Overtime .. .'. .. .-. 207 0 7 Service charges— Agents'commission .. 4,581 13 5 Services of High Commissioner .. .. 1,050 0 0 Services of General Post Office .. .. .. 434 3 0 6,066 10 5 Audit of books and accounts .. .. 700 0 0 Maintenance of premises and plant— lie pairs, insurances, &c. — Offices .. .. .. 1,401 4 3 Motor cars and cycles .. 1,799 12 0 Office appliances- .. 287 4 11 Furniture, &c. .'. .. 314 0 8 Insurance premiums on office premises .. 23 10 4 3,885 18 8 Rent .. .. .. .. 2,721 18 4 Genera] charges— Advertising .. .. 3,317 9 0 Cleaning, lighting, heating, and power .. .. 2,753 4 9 Legal expenses .. .. 153 18 8 Miscellaneous payments .. 780 5 2 Postages and freight .. 2,640 0 0 Stamp duty on receipts and cheques .. .. 551 8 9 Telephone subscriptions .. 1,130 13 4 Printing, stationery, and requisites .. .. 4,484 10 1 Travelling-expenses .. 4,313 9 9 Rangers' expenses in excess of fees charged .. 1,686 2 1 Extension of business .. 1,345 3 3 Wages of custodian and staff 4,700 SlO 27,809 0 2 Amounts written off under section 43, Public Trust Office Amendment Act, 1913 .. 42414 1 Depreciation on office premises, furniture, plant, &c. .. .. .. .. 9,733 9 4 Reserve for loss on securities acquired .. 1,280 0 0 Balance, being net profit for year transferred to Appropriation Account .. .. 05,542 0 7 £257,623 6 2 £257,623 6 2 Profit and Loss Appropriation Account for the Year ended 31st March, 1924. £ s. d. £ s. d. To Reserve for income-tax, .1924-25 .. .. .13,300 0 0 By Profit and Loss Account : Balance transferred 05,542 0 7 General Legal Expenses Account .. .. 3,000 0 0 Profit on sale of office-site at Hamilton .. 190 14 0 Balance transferred to Investment Fluctuation Account .. .. .. .. 49,432 15 1 65,732 15 1 £65,732 15 1

6—B. 1 [Pt. IV, Sup. B]

B.—l [Pt. IV, Sup. B].

42

PUBLIC TRUST OFFlCE— continued. Balance-sheet as at 31st March, 1924. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Amounts held in Common Freehold and leasehold preFund for sundry estates mises and sites .. .. 338,830 10 4 and funds .. .. 10,201,782 12 3 Furniture and plant— Amounts held for special Furniture and library, &e. 17,954 9 5 investment on behalf of Mechanical appliances .. 4,709 7 2 certain funds, but not yet Motor cars and cycles .. 3,734 10 0 invested .. .. 49,251 1 II 26,458 12 7 Amount specially invested Stationery, stores, &c. .. .. 5,548 13 9 on behalf of certain . Stocks, bonds, and debenestates and funds .. 2,229,482 5 1 lures — 18,480,515 19 3 Government securities .. 999,453 19 0 Sundry creditors .. .. 134,838 13 0 Land Settlement Finance Reserve for income-tax .. 18,725 9 7 Act debentures .. 50,192 0 0 Reserve in respect of enemy- . Local bodies'debentures 4,549,570 S 7 property moneys '.. 00,624 8 4 5,599,222 S I Special reserve for securities 15,000 0 0 Mortgages, &c. — General Legal Expenses Mortgages ... .. 9,667,079 9 8 Account .. .. 0,903 4 0 Advances for protection Investment Fluctuation Ac- of securities in possession 2,783 0 0 count .. .. 95,142 19 10 9,669,862 9 8 196,396 2 3 Properties acquired .. 72,289 13 10 Assurance and Reserve Less reserve .. .. 20,790 0 0 Fund .. .. .. 103,037 7 10 51,499 13 10 Advances (on overdraft) to estates and accounts, &c. .. 315,203 9 4 Interest and rent accrued due and overdue— Interest accrued up to 31st March, 1924, but not yet due, and interest overdue .. .. 271,215 10 2 Rent due or accrued .. 209 12 3 271,485 2 5 Sundry debtors .. .. ..- 13,363 12 11 ('ash and deposits— Cash in hand and on current accounts in New Zealand* .. .. 665,528 13 7 Cash in hand and on current account in London 21,834 14 4 Cash on deposit in London 7,001 16 5 694,425 4 4 Special investments held on behalf of certain estates and funds— Government securities .. 114,738 18 8 Local bodies'debentures 446,553 10 0 Private shares and debentures .. .. 4,942 1 0 Mortgages .. .. 1,056,008 I 10 Overdue interest on investments .. .. 7,239 13 1 2,229,482 5 1 £19,215,388 2 4 £19,215,388 2 4 —; m in * Includes an amount of £612,104 received on 31st March, 1924. J. W. Macdonald, Public Trustee. W. Barr, Chief Accountant. I hereby certify that the balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— G. F. C. Campbell, Controller and Auditor-General.

43

B.—l [Pt. IV, Sup. Bj.

RANGITAIKI LAND DRAINAGE ACCOUNT. Receipts and Payments Account for Year ended 31st March, 1924. Receipts. £ s. d. Payments. £ s. d. Cash in Public Account, Ist April, 1923.. 4,891 10 7 Drainage - works, stop - banks, clearing Debentures issued under— £ s. d. channels, and other expenditure inciRangitaiki Land Drain- dental to drainage operations .. 30,089 13 10 age Amendment Act, Management expenses .. .. 1,440 II 8 1913, and Finance Act, Travelling-expenses .. .. .. 139 17 3 1921-22, section 23.. 29,100 0 0 Legal expenses .. .. .. 314 7 I Rangitaiki Land Drain- Plant and machinery .. .. 260 17 11 age Amendment Act, Loose tools .. .. .. .. 8118 3 19.1.3, and Finance Act, Live-stock .. .. .. .. 12 0 0 1923, section 5 .. 22,900 0 0 Material and stores .. .. .. 4,401 13 0 52,000 0 0 Fuel .. .. .. .. 3,935 I 11 Rents .. .. .. .. 97 16 4 Purchase-money for land taken .. 200 2 0 " Thirds " .. .. .. .. 6 10 10 Refund of rates .. .. .. 2 2 0 Rates— Interest on debentures .. .. 18,577 3 2 1917-18 .. .. 20 14 11 Cash in Public Account, 31st March, 1924 1,148 7 2 1918-19 .. .. 10 10 3 1919-20 .. .. 114 2 4 1920-21 .. .. 325 9 2 1921-22 .. .. 815 9 10 1922-23 .. .. 1,982 15 2 1923-24 .. .. 159 4 1 In advance .. .. 0 0 6 3.440 6 3 Sundries .. .. .. .. 767 11 3 £61,203 15 3 £01,203 15 3 Revknue Account for Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. Interest on debentures .. .. 19,121 410 Accrued interest, being portion of rates Hea.d Office administration expenses .. 50 0 0 levied for payment of interest and sinkRates written off .. .. .. 1,838 3 6 ingfund .." .. .. .. 18,813 19 11. Rents .. .. .. .. 114 4 4 " Thirds " .. .. .. .. 6 10 10 Balance transferred to Drainage Works Account .. .. .. .. 2,074 13 3 £21,009 8 4 £21,009 8 4 Palanoe-SHEET as at 31st March, 1921. Liabilities. £ s. d. Assets. £ s. d. Loan Account .. .. .. 472,900 0 0 Drainage - works —Expenditure in conLoan Redemption Account .. .. 22,461 12 3 nection therewith, including wages, Unpaid purchase-money, sundry Natives 210 1 1 supplies, administration and engineerSuspense Account .. .. .. 09 3 9 ing expenses, and depreciation of plant 413,364 4 1 Sundry creditors . .. .. 3,343 9 5 Plant and machinery, .. .. 30,300 12 3 Rates paid in advance .. -. 0 0 6 Loose tools.. .. .. .. 629 3 0 Interest on debentures unpaid . 4,625 6 6 Live-stock .. .. .. .. 118 5 0 Buildings .. .. .. .. 1,678 14 6 Material and stores .. .. .. 654 9 8 Fuel .. . . .. .. 176 13 9 Investments—Public Trust Office Sinking Fund .. .. .. .. 904 5 4 Land for Settlements Account .. 20 0 i Sundry debtors, for rates .. .. 54,585 19 6 Sundry debtors, for rents .. .. 8 2 0 Sundry debtors, miscellaneous .. 20 17 3 Cash in Public Account, as at 31st March, 1924 .. .. .. .. 1,148 7 2 £503,609 13 6 ; £503,609 13 6 J. B. Thompson, Under-Secretary. J. H. O'Donnell, Chief Accountant. I hereby certify that the Revenue 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, except that the amount shown as Loan Redemption Account should be specifically invested. Certain Audit requirements as regards future balance-sheets have been communicated to the Lands Department.—G. F. C. Campbell, Controller and Auditor-General.

B.—l [Pt. IV, Sup. B].

44

STATE ADVANCES OFFICE. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 10,540,004 13 3 Investment Account—Principal owing by mortTemporary advances from Advances Office g a gors .. .. .. .. .. 9,501,194 5 3 Sinking Fund Account .. .. .. 160,500 0 0 Temporary advances to Workers Branch .. 775,000 0 0 Temporary advances from Public Debt Sinking Temporary advances to Local Authorities Branch 256,500 0 0 Fund Branch .. .. .. .. 304,000 0 0 Temporary advances to Miscellaneous Business Advances Suspense Account .. .. 67,420 0 0 Branch'.. .. .. .. .. 52,700 0 0 Fire Loss Suspense Account .. .. 3,870 3 3 Sinking Fund investments Suspense Account .. .. .. .. 1.0,314 7 10 held by— Income-tax Suspense Account .. .. 8,292 10 9 Advances Office Sinking £ s. d. Sundry creditors .. .. .. .. '2,813 18 2 Fund Account .. 1,474,789 14 8 Interest on loans accrued but not due .. 104,243 17 4 Public Debt Sinking Fund Sinking Fund .. .. .. .. 1,054,415 0 10 Branch .. .. 18,290 8 1 Reserve Fund .. .. .. .. 25,000 0 0 *1,493,080 2 9 Interest on mortgages— Overdue .. .. 45,861 8 3 Accrued .. .. 100,007 19 4 151,929 7 7 Interest on temporary investments accrued .. 6,829 2 4 Office furniture and equipment .. .. 3,122 1 11 Insurance Premium Account .. .. 502 3 3 Sundry debtors .. .. .. .. 45 8 5 Loan Charges Account .. .. .. 3,903 17 5 Realization Account .. .. .. 3,241 16 9 Cash in hand and in bank at 31st March, 1924 3,426 5 9 £12,281,474 11 5 £12,281,474 11 5 * This amount includes £438,005 Is. lid. capital paid into the sinking funds under the provisions of the State Advances Act. Statement of Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. (I. To Management Expenses Aooount .. .. 21,934 S 0 By Interest Account —Cross profits .. .. 01,305 14 7 Loses on realization of securities and doubtful securities written down .. .. .. 2,451 7 3 Office Furniture and Equipment Account written down .. .. .. .. 164 0 5 Balance —Net profits for the year .. .. 36,755 12 11 £61,305 14 7 £61,305 14 7 £ s. d. £ s. d. To Loan-flotation charges written down .. 205 0 0 By Net profits for the year .. .. .. 30,755 12 11 Sinking fund invested in Public Debt Branch 1,515 14 11 Income-tax .. .. .. .. 7,210 18 0 Balance —Net profits invested in Advances Office Sinking Fund Account .. .. 27,824 0 0 £36,755 12 11 £36,755 12 II Statement of Interest Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 358,941 3 9 By Interest on mortgages .. 338,032 5 10 Less accrued at 31st March, Less overdue and accrued at 1923 .. .. 75,055 9 3 3J.st March, 1923 .. 117,540 18 3 283,885 14 6 221,091 7 7 Interest on loans accrued but not due .. 104,243 17 4 i Interest on outstanding payments .. .. I 12 3 Interest on amounts temporarily transferred Interest on bank balances .. .. ... 401 1 3 from other branches .. .. .. 19,208 10 9 Interest on temporary advances to other Balance —Gross profits transferred to Profit branches .. .. .. .. 03,897 8 9 and Loss Account .. .. .. 61,305 14 7 Interest on temporary investments .. .. 42,967 5 8 Less accrued at 31st March, 1923 .. .. 18,413 8 3 24,553 17 5 Interest on temporary investments accrued at 31st March, 1924 .. .. .. 6,829 2 4 Interest on mortgages — Overdue at 31st March, 1924 45,861 8 3 Accrued but not due at 81st March, 1924 .. .. 106,067 19 4 151,929 7 7 £468,703 17 2 £468,703 17 2 *

B.—l [Pt. IV, Sup. B].

45

STATE ADVANCES OFFlCE— continued. ADVANCES TO SETTLERS BRANCH— continued. Statement of Management Expenses Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Advertising, newspapers, &c. .. .. 28 6 4 By Consent fees .. .. .. .. 22 5 0 Allowances in respect of increased work .. 239 18 4 Cost of preparation of mortgages .. . . 8 3 0 Audit Office services .. .. .. 250 0 0 Production fees .. .. .. .. 565 18 9 Cleaning, lighting, heating, and messenger Release fees .. .. .. .. 406 4 5 services .. .. .. .. 296 10 5 Balance transferred to Profit and Loss Account 21,934 8 0 Contingencies .. .. .. .. 13 4 Fees paid for special services in respect of securities .. .. .. .. 81 10 1 Meal allowances and overtime .. .. 1,311 11 8 Office maintenance . . .. .. 265 15 7 Postages and telegrams .. . . . . 960 7 5 Post Office services .. .. .. 1,420 2 4 Printing and stationery .. .. .. 896 6 4 Rent .. .. .. .. .. 1,011 7 1 Salaries .. .. .. .. .. 14,999 18 11 Solicitors' costs and Court costs .. .. 415 7 Telephones .. .. .. .. 48 0 9 Travelling-expenses . . .. .. 397 1 8 Typewriters and adding-maohines—Repairs . . 73 17 10 Valuation Department—Agency work .. 650 0 0 £22,936 19 8 £22,936 19 8 Wm. Waddel, Superintendent. R. Robertson, Accountant. The Audit Office, having examined the balanco-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith.—G. F. C. Campbell, Controller and Auditor-General. ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 3,784,387 17 10 Investment Account—Principal owing by mortTemporary advances from Settlers Branch .. 775,000 0 0 gagors .. .. .. .. .. 4,591,489 10 2 Interest on loans accrued but not due .. 29,338 0 7 Sinking fund in vestments held by— Advances Suspense Account .. .. 162,470 0 0 Advances Office Sinking Fund £ s. d. Fire Loss Suspense Account .. .. 251 10 7 Account .. .. 64,224 1.3 I Suspense Account .. .. ~ .. 290 19 S Public Debt Sinking Fund Income-tax Suspense Account .. .. 1,041 7 0 Branch .. .. 7,315 13 8 Sundry creditors '.. .. .. .. 1,000 4 4 *71,540 6 9 Sinking Fund .. .. .. .. 53,315 11 0 Interest on mortgages — Reserve Fund .. .. .. .. 7,532 9 11. Overdue .. .. 13,728 7 3 Accrued .. .. 48,477 11 3 62,205 18 6 Insurance Premium Account .. .. 1.69 15 9 Loan Charges Account .. .. .. 83,689 3 9 Realization Account .. .. .. 90 19 8 Cash in hand and in bank at 31st March, 1924 .. 5,442 12 4 £4,8.14,628 0 11. £4,814,628 6 11 * This amount Includes £18,224 15s. OJ. capital paid into the sinking funds under the provisions of tlio State Advances Act. Statement of Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Management Expenses Account .. .. 4,336 1 7 By Interest Account—Gross profits .. .. 8,980 13 9 Loss on realization of securities and tloubtful securities written down .. .. .. 62 3 9 Balance—Net profits for the year .. .. 4,582 8 5 £8,980 13 9 £8,980 13 9 £ s. d. . £ s. d. To Income-tax .. .. .. '.. 890 7 1 By Net profits for the year .. .. .. 4,582 8 5 Loan-flotation charges written down .. 4,352 0 0 Balance from Reserve Fluid .. .. -1,222 8 7 Sinking fund invested in Public Debt Branch .. 562 9 11 £5,804 17 0 £5,804 17 0

B.—l [Pt. IV, Sup. B].

46

STATE ADVANCES OFFlCE— continued. ADVANCES TO WORKERS BRANCH— continued. Statement of Interest Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 97,724 15 4 By Interest on mortgages .. 151,439 9 4 Less interest accrued at 31st Less interest overdue and acMarch, 1923.. .. 25,074 17 5 crued at 31st March, 1923 47,744 3 1 72,649 17 11 103,095 6 3 Interest on amounts temporarily transferred Interest on bank balances .. .. .. 50 2 0 from Settlers Branch .. .. .. 54,982 14 6 Interest on mortgages— Interest on loans accrued but not duo .. 29,338 0 7 Overdue at 31st March, 1924 13,728 7 3 Balance-Gross profits transferred to Profit and Accrued but not duo at 31st Loss Account .. .. .. .. 8,980 13 9 March, 1924 .. .. 48,477 11 3 62,205 18 6 £165,951 6 "9 £165,951 6 9 Statement of Management Expenses Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Audit Office services .. . . .. 150 0 0 By Consent fees .. .. .. .. 010 0 Cleaning, lighting, heating, and messenger ser- Cost of preparation of mortgages .. .. 108 5 0 vices .. .. .. .. .. 95 0 0 Production fees .. .. .. .. 272 8 6 Management charges on New Zealand stock and Release fees .. .. .. .. 137 5 0 bonds .. .. .. .. .. 357 10 5 Sundry fees .. . . .. .. 0 4 6 Post Office services . . .. .. 500 0 0 Balance transferred to Profit and Loss Account 4,336 1 7 Postages and telegrams .. .. .. 145 19 4 Printing and stationery . . .. .. 300 0 0 Rent .. .. .. .. .. 406 13 4 Salaries .. .. .. .. 2,549 0 0 Solicitors'costs and Court costs .. .. 0 11 6 Valuation Department—Agency work .. 350 0 0 £4,854 14 7 £4,854 14 7 Wm. Waddel, Superintendent. R. Robertson, Accountant. The Audit Office, having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith.—G. F. C. Campbell, Controller and Auditor-General. ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 2,775,529 9 5 Investment Account—Principal owing by local Loan-moneys —Unexpended balances under sec- bodies .. .. .. .. .. 2,070,138 15 9 tion 72, Local Bodies' Loans Act, 1.91.3 .. 3,987 12 10 Sinking Fund investments held Temporary advances from Settlers Branch .. 250,500 0 0 by— Suspense Account .. .. .. .. 300 0 0 Advances Office Sinking Fund £ s. d. Sundry creditors .. .. .. .. 308 10 4 Account .. ..295,665 11 0 Interest on loans accrued but not due .. 36,385 16 7 Public Debt Sinking Fund Sinking Fund .. .. .. .. 85,462 13 5 Branch .. .. 16,728 11 1 Interest on debentures— — *312,394 2 1 Overdue .. .. .. 3,947 10 5 Accrued .. .. .. 22,329 9 2 26,276 19 7 Loan Charges Account .. .. .. 30,470 14 5 Profit and Loss Account .. .. .. 91,912 610 Cash in hand and in bank at 31st March, 1924 27,281 3 11 £3,158,474 2 7 £3,158,474 2 7 • Thl» amount includes the sum of £226,931 Bs. Bd. capital paid into the sinking funds under the provisions of the State Advances Act.

B.—l [Pt. IV, Sup. B].

STATE ADVANCES OFFlCE— continued. ADVANCES TO LOCAL AUTHORITIES BRANCH— continued. Statement of Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Balance —Interest Account .. .. 7,749 1 0 By Balance—Loss for the year .. .. 8,919 0 7 Management Expenses Account .. .. 1,169 19 7 £8,919 0 7 £8,9.19 0 7 £ s. d. £ s. d. To Balance as at 3.lst March, 1923 .. .. 82,192 6 3 By Balance .. ... .. .. 91,912 610 Loan-flotation charges written down . . 801 0 0 Loss for the year .. ;... .. 8,919 0 7 £91,912 6 10 £91,912 6 10 Statement of Interest Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 103,195 12 8 By Interest on debentures .. 103,847 211 Less accrued at 31st March, Less overdue and accrued at 1923 .. .. 36,385 16 7 31st March, 1923 .. 26,436 18 11 66,809 16 1 - 77,410 4 0 Interest on amounts temporarily transferred Interest on bank balances .. .. 10 2 6 from Settlers Branch .. .. .. 8,250 14 5 Interest on debentures— Interest on loans accrued but not due .. 36,385 16 7 Overdue at 31st March, 1924 3,947 10 5 Accrued but not due at 31st March, 1924 .. .. 22,329 9 2 26,276 19 7 Balance transferred to Profit and Loss Account 7,749 1 0 £11.1,446 7 1 £111,446 7 1 Statement of Manauement Expenses Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Audit Office services .. .. .. 50 0 0 By Balance transferred to Profit and Loss Account 1,169 19 7 Cleaning, lighting, heating, and messenger services .. .. .. .. .. 15 0 0 Management charges, New Zealand stock and bonds .. .. .. .. 308 10 4 Post Office services .. .. .. 25 0 0 Postages and telegrams .. .. .. 24 15 1.1 Printing and stationery .. .. .. 125 0 0 Bent .. .. .. .. .. 71.18 4 Salaries .. .. .. .. .. 550 0 0 £1,169 19 7 £1,169 19 7 Wm. Waddel, Superintendent. R. Robertson, Accountant. The Audit Office, having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. —G. F. C. Campbell, Controller and Auditor-General. PUBLIC DEBT SINKING FUND BRANCH. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. Assets. Sinking fund created under the provisions of the £ s. d. Investment Account—Principal £ s. d. £ s. d. Public Debt Extinction Act, 1910— owing on loans to— Total fund as at 31st March, £ s. d. Settlers .. .. 473,068 12 8 1923.. .. ..2,633,385 18 6 Workers .. .. 69,166 18 1 Principal received from Local bodies .. .. 2,074,786 9 9 Treasury during the year 210,405 0 0 2,617,022 0 0 Interest earned for the year Temporary Advances to Settlers Branch .. 304,000 0 0 ended 31st March, 1924 117,497 10 2 Insurance Premium. Account .. .. 3 11 5 2,961,288 14 8 Interest overdue on loans to— £ s. d. Advances Suspense Account .. .. 665 0 0 Settlers .. .. 1,788 1.9 11 Fire Loss Suspense Account .. .. 520 10 II Workers .. .. 73 10 7 Local bodies .. .. 3,828 16 9 5,691 7 3 Interest accrued on loans to — Settlers .. .. 5,215 0 7 Workers .. .. 757 15 4 Looal bodies .. .. 20,787 13 11 26,760 9 10 Cash in hand andin bank at 31st March, 1924.. 8,996 16 7 £2,962,474 5 7 £2,962,474 5 7

47

B.—l [Pt. IV, Sup. B].

48

STATE ADVANCES OFFlCE— continued. PUBLIC DEBT SINKING FUND BRANCH— continued. Statement of Interest Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Interest on investments transferred to the By Interest on loans to — £ s. d. Sinking Fund Account . . .. .. 117,497 16 2 Settlers.. .. .. 20,915 14 10 Workers.. .. .. 2,909 7 0 Local bodies .. .. 87,806 16 6 111,691 18 10 Less overdue and accrued at 31st March, 1923 .. .. 31,249 11 4 80,442 7 0 Interest on bank balances .. .. .. 4 0 0 Interest on temporary advances to Settlers Branch .. .. .. .. 4,599 2 1 Interest overdue at 31st March, 1924, on loans to — Settlers .. .. .. 1,788 19 11 Workers.. .. .. 73 10 7 Local bodies .. .. 3,828 10 9 5,091 7 3 Interest accrued at 31st March, 1924, on loans to— Settlers .. .. .. 5,215 0 7 Workers.. .. .. 757 15 4 Local bodies .. .. 20,787 13 11 26,760 9 10 £117,497 16 2 £117,497 16 2 Wm. Waddel, Superintendent. R. Robertson, Accountant. The Audit Office, having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith, —G. F. C. Campbell, Controller and Auditor-General. ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Principal received as at 31st Investment Account: PrinciMarch, 1923, with acou- pal owing on loans to— £ s. d. mulated interest from Settlers .. .. 1,177,784 2 8 the— £ s. d. Workers .. .. 80,541 1 3 Advances to Settlers Branch 1,432,119 0 8 Local bodies .. .. 378,286 111 Advances to Workers Branch 248,487 19 2 1,636,611 5 10 Advances to Local Authori- Temporary advances to Settlers Branch .. 100,500 0 0 ties Branch .. .. 283,000 12 4 Insurance Premium Account ... .. 55 17 2 Interest overdue on loans to — 1,963,673 18 2 Settlors .. .. 4,882 13 7 Interest earned for the year Workers .. .. 291 19 11 ended 31st March, 1924— Local bodies .. .. 1,231 I 8 Advances to Settlers Branch 01,546 8 0 6,405 15 2 Advances to Workers Branch 2,730 13 11 Interest accrued on loans to — Advances to Local Authori- Settlers .. .. 13,130 5 3 ties Branch .. .. 12,598 18 8 Workers .. .. 857 9 0 Local bodies .. .. 3,059 4 11 2,040,555 18 9 17,052 19 8 Balance —Net profits trans- Realization Account .. .. .. 179 17 11 ferred from Advances to Cash in hand and in bank at 31st March, 1924.. 30,340 9 7 Settlers Branch .. .. 27,824 0 0 2,068,379 18 9 Less redemption of loans —Advances to Settlers Branch, £46,700 ; Advances to Workers Branch, £187,000 233,700 0 0 1,834,079 18 9 Advances Suspense Account .. .. 14,865 0 0 Fire Loss Suspense Account .. . . 1,200 0 0 Suspense Account .. ~ .. ' .. 401 6 7 £1,851,146 5 4 £1,851,140 5 4

B.—l [Pt. IV, Sup. B].

49

STATE ADVANCES OFFlCE— continued. ADVANCES OFFICE SINKING FUND ACCOUNT— continued. Statement of Interest Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. £ s. d. To Loss on realization of securities .. .. 177 10 2 By Interest on loans to — Interest on investments transferred to the Settlers .. .. .. 39,651 17 10 Sinking Fund Account .. .. .. 76,882 0 7 Workers .. .. .. 3,342 8 11 Local bodies ~ ..15,502 10 6 58,496 17 2 Less overdue and accrued at 31st March, 1923 .. .. 17,946 18 2 . 40,549 19 0 Interest on bank balances .. .. 4 7 0 Interest on temporary advances to Settlers Branch .. .. .. .. 13,046 15 5 Interest overdue at 31st March, 1924, on loans to — Settlers .. .. .. 4,882 13 7 Workers .. .. .. 291 19 11 Local bodies .. .. 1,231 1 8 6,405 15 2 Interest accrued at 31st March, 1924, on loans to — Settlers .. .. .. 13,136 5 3 Workers .. .. . . 857 9 6 Local bodies .. .. 3,059 4 11 17,052 19 8 £77,059 16 9 £77,059 10 9 Wm. Waddel, Superintendent. R. Robertson, Accountant. The Audit Office, having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. —G. F. C. Campbell, Controller and Auditor-General. MISCELLANEOUS BUSINESS BRANCH. FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans— £ s. d. Investment Account —Principal owing by mortDebentures .. .. .. 69,610 0 0 gagors .. .. .. .. .. 52,197 19 11 Advances from Consolidated Fund 1,589 710 Properties acquired .. .. .. .. 0,804 1 7 71,199 710 Temporary advances to Settlers Branch .. 5,500 0 0 Sundry creditors .. .. .. .. 116 110 Sinking Fund investments held by Public. Debt Interest on loans accrued but not due .. .. 1,403 10 9 Sinking Fund Branch .. .. .. *511 411 Rent accrued but not due .. .. .. 28 0 0 Interest on mortgages— £ s. d. Sinking Fund .. .. .. .. 22 8 10 Overdue .. .. .. 1,308 11 3 Reserve for losses on realization and bad debts .. 9.340 0 0 Accrued .. .. .. 438 6 0 1,746 17 3 Insurance Premium Account . . .. .. 78 15 0 Sundry debtors .. .. .. .. 97 15 6 Realization Account .. .. .. .. 4,494 6 2 Profit and Loss Account .. .. .. 10,004 14 7 Cash in hand and in bank at 31st March, 1924 . . 673 14 4 £82,109 9 3 £82,109 9 3 * This amount includes the sum of £488 16s. Id. capital paid into the sinking fund in accordance with the Public Debt Extinction Act, IUIO. Statement of Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Balance—lnterest Account .. .. .. 15 19 5 By Balance—Loss for the year .. .. 290 0 6 Management Expenses Account .. . . 100 0 0 Expenses of realization of assets . . .. 174 7 1 £290 6 6 £290 6 6 £ s. d. £ s. d. To Balance as at 31st March, 1923 .. .. 9,714 8 1 By Balance .. .. .. .. .. 10,004 14 7 Loss for the year .. .. .. .. 290 6 6 £10,004 14 7 £10,004 14 7

7 B 1 [Pt. IV, Sup. B],

B.—l [Pt. IV, Sup. B]

50

STATE ADVANCES OFFlCE— continued. MISCELLANEOUS BUSINESS BRANCH— continued. FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT— continued. Statement of Interest Account fob the Yfar ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ B. d. £ s. d. To Interest on loans .; .. 3,190 2 1 By Interest on mortgages.. .. 2,292 13 3 Less accrued at 31st March, Less overdue and accrued at 1923 .. .. ... 1,469 5 0 31st March, 1923 .. 1,102 18 7 1— 1,720 17 1 1.189 14 8 Interest on loans accrued but not due .. 1,403 10 9 Interest on bank balances .. .. .. 3 14 6 Interest on temporary advances to Settlers Branch.. .. ' 168 2 0 Interest on mortgages— Overdue at 31st March, 1924.. 1,308 11 3 Accrued but not due at 31st March, 1924 .. .. 438 6 0 1,746 17 3 Balance transferred to Profit, and Lnss Account 15 19 5 I £3,124 7 10 | £3,124 7 10 Statement of Management Expknses Account for the Year ended 31st March, 1924. Dr. £ s. d. I Or. £ 8. d. To Administration expenses .. .. .. 100 0 0 By Balance transferred to Profit and Loss Account .. 100 0 0 £100 0 0 £100 0 0 Wm. Waddel, Superintendent. R. Robertson, Accountant. The Audit Office, having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. —G. P. C. Campbf.ll, Controller and Auditor-General. COLD-STORAGE ADVANCES ACCOUNT. Statement of Liabilities and Assists as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 82,750 0 0 Investment Account—Principal owing by mortIntcrcst on loans accrued but not due .. .. 301 0 7 gagors .. .. .. .. .. 48,837 17 8 Sinking Fluid .. .. .. .. 38 17 11 Temporary advances to Settlers Branch .. 22,850 0 0 Reserve for losses on realization and bad debts .. 7,720 15 2 Sinking Fund investments held by Public Debt Sinking Fund Branch .. .. .. *817 II 0 Interest im mortgages -- £ s. d. Overdue .. .. .. 701 18 (I Accrued .. . .• .. 777 4 1 1,479 2 1 Sundry debtors .. .. .. .. 12 17 0 Realization Account .. .. .. .. 7,720 15 2 Profit and Less Account .. .. .. 8,919 8 0 (ash in hand and in bank at 31st March, 1924 .. 173 8 3 £90,810 19 8 £90,810 19 8 * This amount includes the sum of £778 13s. 7d. capital paid into the sinking fund in accordance with the Public Debt Extinction Act, 1910. Statement of Peofet ami Loss Account for the Yf.au ended 31st March, 1.924. Dr. £ s. d. I Or. £ s. d. To Management Expenses Account .. .. 115 10 0 By Interest Aooount —Gross profits .. .. 56 12 9 Balance Less fur the year .. .. .. 58 17 9 £115 10 6 £115 10 0 £ s. d. £ s. d. To Balance as at 31st March. 1923 .. .. 8,800 10 3 By Balance .. .. .. .. .. 8,919 8 0 Loss for the year . . .. .. .. 58 17 9 £8,919 8 0 £8,919 8 0 Statement of Interest Account for the Year ended 31st March, 1921. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 3,570 5 0 By Interest on mortgages .. 3,193 12 (i Less accrued at 31st March, 1923 293 18 5 Less overdue and accrued at 3,282 0 7 31st March, 1923 .. 1,040 2 3 Interest on loans accrued but not due .. 301 (i 7 1,547 10 3 Balance—Gross profits transferred to Profit and Interest on bank balances .. .. .. 3 12 0 Loss Account .. .. .. .. 50 12 9 Interest on temporary advances to Settlers Branch .. .. .. .. 010 1 I Interest on mortgages— Overdue at 31st March, 1924 701 IS 0 Accrued but not due at 31st March, 1924 .. .. 777 4 1 1,479 2 1 £3,640 5 11 £3,010 5 11

B.—l [Pt. IV, Sup. B].

51

STATE ADVANCES OFFlCE— continued. COLD-STORAGE ADVANCES ACCOUNT— continued. Statement of Management Expenses Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. .. 115 10 0 By Balance transferred to Prolitand Loss Account . . 115 10 6 £115 10 0 £115 10 6 Wm. Waddel, Superintendent. R. .Robertson, Accountant. The Audit Office, having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith.—G. F. C. Campbell, Controller and Auditor-General. PISHING INDUSTRY PROMOTION ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 5,575 0 0 Investment Account—Principal owing on bills of Suspense Account .. .. .. .. 40 5 11 sale .. .. .. .. .. 2,824 10 5 Interest on loans accrued but not due .. .. 82 18 5 Temporary advances to Settlers Branch .. .. 1,950 0 0 Sinking Fund .. . . .. . . 115 Sinking Fund investments held by Public Debt Sinking Fund Branch .. .. . . *32 0 2 Interest on bills of sale— £ s. d. Overdue .. .. .. .. 69 13 11 Accrued . . .. .. .. 34 I 0 103 15 5 Insurance Premium Account .. .. .. 55 7 9 Realization Account .. .. . . . . 184 14 0 Profit and Loss Account .. .. .. 455 11 8 Cash in hand and in bank at 31st March, 1924 .. 93 0 4 £5,699 5 9 £5,699 5 9 * This amount includes the sum of £31 4s. Oil. capital paid into the sinking fund in accordance with the Public Debt Extinction Act, 1910. Statement of Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. ! Or. £ s. d. To Balance—lnterest Account .. .. .. 32 16 I) By Balance—Loss for the year .. .. .. 238 8 4 Management Expenses Account .. .. 30 16 8 Loss on realization of securities .. .. 174 14 11 ] £238 8 4 £238 8 4 £ s. d. 'By Transfer from Sinking Fund Reserve Account— £ s. d. To Balance as at 31st March, 1923 .. . . 220 I 0 Adjusting sinking funds debited to Profit and Loss for the year .. .. .. .. 238 8 4 boss Account .. .. .. .. 217 8 Balance .. .. .. .. .. 455 11 8 £458 9 4 £458 9 4 Statement of Interest Account for the Year knded 31st March, 1.924. Dr. £ s. d. £ s. d. i Or. £ s. d. £ s. d. To Interest on loans .. .. .. 252 4 0 By interest on bills of sale .. .. 139 9 II Less accrued at 31st March, 1923 .. 82 18 5 Less overdue and accrued at 31st 109 6 1 March, 1923 .. .. . . 90 7 7 Interest on loans accrued but not due .. 82 18 5 43 2 4 Interest on bank balances . . .. . . 2 15 0 Interest on temporary advances to Settlers Branch 09 15 0 Interest on bills of safe — Overdue at 31st March, 1924 .. 09 13 11 Accrued but not due at 31st March, 1924.. .. .. .. 34 1 0 103 15 5 Balance transferred to Prolit and Loss Account.. 32 16 9 £252 4 6 . £252 4 6 Statement of Management Expenses Account for the Year ended 31st March, 1.924. J>, £ s. d. Or. £ s. d. To Administration expenses . . .. .. 18 5 8 By Release fees .. . . ... .. ..050 Survey fees .. .. • • • • ... 12 16 0 Balance transferred to Profit and Loss Account ..30 16 8 £31 18 £31 1 8 Wm. Waddel, Superintendent. R. Robertson, Accountant. The Audit Office, having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. —G. F. C. Campbkll, Controller and Auditor-General.

B.—l [Pt. IV, Sup. B].

52

STATE ADVANCES OFFlCE— continued. HOUSING ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans— £ s. d. Investment Account—Principal Debentures .. .. 412,400 0 0 owing on— £ s. d. Expenditure from Public Works Dwellings purchased .. 082,714 13 8 Fund .. .. .. 319,918 1 7 Sections purchased .. .. 5,635 911 732,318 I 7 Advances.. .. .. 812 19 7 Temporary advances from Settlers Branch .. 115,000 0 0 689,163 3 2 Suspense Account .. .. .. .. 4,364 3 2 Completed dwellings .. .. .. .. 16,076 510 Sundry creditors .. .. .. .. 2,410 3 9 Dwellings let.. .. .. .. ..34,590 17 11 Interest on loans accrued but not due .. .. 4,525 2 0 Uncompleted contracts .. .. .. 1,860 12 0 Insurance Fund .. .. .. .. 2,000 0 0 Freehold land .. .. .. .. 53,287 16 8 Sinking Fund .. .. .'. .. 107 14 7 Properties acquired .. .. .. .. 4,294 6 0 Reserve for losses on realization and bad debts.. 26,094 7 5 Sinking Fund investments held by Public Debt Sinking Fund Branch .. .. .. *2,727 17 3 insurance Fund investment .. .. .. 2,000 0 0 Sundry debtors .. .. .. .. 298 7 2 Interest on dwellings and land— Overdue .. .. .. 4,238 15 4 Accrued .. .. .. 134 4 2 4,372 19 6 Rent overdue .. .. .. 042 8 0 Insurance premiums— Overdue .. .. .. 369 14 4 Paid in advance .. .. 723 7 6 1,093 1 10 Realization Account .. .. .. .. 16,786 16 10 Profit and Loss Account .. .. .. 52,818 14 1 Cash in hand and in bank at 31st March, 1924 .. 6,81.2 6 3 £886,825 12 0 £880,825 12 6 * This amount includes the sum of £2,620 2s. Bd. capital paid into the sinking fund in accordance with the Public Debt Extinction Act, 1910. Statement of Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Management Expenses Account .. .. 3,024 7 2 By Interest Account—Gross profits .. .. 3,386 12 3 Dwellings maintenance .. .. .. 1,146 0 8 Sale of land and dwellings .. .. 1,762 12 4 Expenses of realization of assets .. .. 1,347 18 5 Balance—loss for the year .. .. 369 1 8 £5,518 6 3 £5,518 6 3 £ s. d. £ s. d. To Balance as at 31st March, 1923 .. .. 52,195 10 11 By Balance .. .. .. .. 62,818 14 1 Income-tax .. .. ~ .. 254 1 6 Loss for the year .. .. .. 369 1 8 £52,818 14 I £52,818 14 1 Statement of Interest Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. .. 26,847 210 By Interest on dwellings and land 33,213 13 10 Interest on tomporarv advances from Settlers Less overdue and accrued at Branch .. " .. .. .. 663 19 10 31st March, 1924 .. 2,170 1 5 Interest on loans accrued but not due .. 4,525 2 0 31,043 12 5 Balance —Gross profits transferred to Profit Interest on bank balances .. .. .. 0 5 0 and Loss Account .. .. .. 3,386 12 3 Interest on dwellings and land— Overdue at 31st March, 1924 4,238 15 4 Accrued but not due at 31st March, 1924 .. .. 134 4 2 4,372 19 6 £35,422 16 11 £35,422 10 11 I

53

B.—l [Pt. IV, Sup. B].

STATE ADVANCES OFFlCE—continued. HOUSING ACCOUNT—continued. Statement of Management Expenses Account fob the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Advertising .. .. .. .. 27 I I 4 By Administration expenses .. .. .. 727 6 4 Audit Office services .. .. .. 250 0 0 Transfer fees .. .. . . .. 102 0 0 Cartage .. .. .. .. .. 58 16 9 Balance transferred to Profit and Loss Account 3,024 7 2 Cleaning, lighting, heating, and messenger services .. .. .. .. .. 15 0 0 Contingencies .. .. .. .. 20 17 3 Fees paid for special services in respect of securities .. .. .. .. 307 17 4 Labour Department services .. .. 583 6 8 Postages and telegrams . . .. .. 24 15 11 Post Officc services .. .. .. 25 18 6 Printing and stationery .. .. .. 250 0 0 Rent .. .. .. .. .. 51 13 4 Salaries and wages.. .. .. .. 2,212 1 5 Solicitors' costs .. .. .. .. 17 9 6 Travelling-expenses .i! .. .. 8 5 6 £3,853 13 6 £3,853 13 6 Wm. Waddel, Superintendent. R. Robertson, Accountant. The Audit Office, having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. —G. F. 0. Campbell, Controller and Auditor-General. LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 3,975 0 0 Investment Account—Principal owing by mortluterest on loans accrued but not due .. .. 43 12 3 gagors .. .. .. .. .. 3,453 7 7 Sinking Fund .. .. .. .. 12 3 Sinking Fund investments held by Public Debt Sinking Fund Branch .. . . .. *27 8 6 Interest on mortgages— £ s. d. Overdue .. .. ..11337 Accrued .. .. .. 4 12 5 — 117 16 0 Sundry debtors .. .. .. .. 90 14 1 Profit and Loss Account . . .. .. 7 12 0 Cash in hand and in bank at 31st March, 1924 .. 322 16 4 £4,019 14 6 £4,019 14 6 * This amount includes the sum of £26 6s. 3d. capital paid into the sinking fund in accordance with the Public Debt Extinction Act, 1910. Statement of Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. Cr. £ s. d. To Balance Interest Account .. .. 316 9 By Balance—Loss for the year .. .. 316 9 £3 16 9 £3 16 9 £ s. d. £ s. d. To Balancc as at 31st March, 1923 .. .. .. 315 3 By Balancc .. .. .. .. .. 712 0 Loss for the year .. .. .. ..3169 £7 12 0 £7 12 0 Statement of Interest Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 178 17 6 By Interest on mortgages .. .. 89 17 0 Less accrued at 31st March, 1923.. 43 12 3 Less interest overdue and accrued at 135 5 3 31st March, 1923 .. .. 32 12 3 Interest on loans accrued but not due .. 43 12 3 57 4 9 Interest on mortgages — Overdue at 31st March, 1924 . . 113 3 7 Accrued but not due at 31st March, 1924 .. .. .. 4 12 5 117 16 0 Balance transferred to Profit and Loss Account .. .. .. .. 3 16 9 £178 17 6 £178 17 6 Wm. Waddel, Superintendent. R. Robertson, Accountant. The Audit Office, having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith.—G. F. C. Campbell, Controller and Auditor-General.

B.—l [Pt. IV, Sup. B].

54

NEW ZEALAND STATE COAL-MINES. Balance-sheet. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ a. d. £ s. d. Assets. £ a. d. £ a. d. £ s. d. Loan under Coal-mines Liverpool Colliery and DevelopAct, 1908 .. .. 130,000 0 0 ment Property Account— Loan under Coal-mines Balanoo at 31st Marcli, Act, 1908, and Appro- 1923 .. .. .. 78,949 19 5 priation Act, 1912 .. 25,000 0 0 Additions during the year .. 13,243 10 11 Now Zealand Consolidated Inscribed Stock 52,001 0 7 92,193 16 4 227,001 0 7 Depreciation .. .. 9,219 7 8 Sinking fund .. .. 35,400 10 0 82,974 8 8 Accrued interest .. .. 3,886 1 9 Machinery, plant, ropes, and Sundry creditors —■ rolling-stock— Liverpool Colliery .. 14,089 18 6 Balance at 31st March, James Colliery .. 2,734 16 7 1923 .. .. 38,104 13 2 Wellington Depot .. 054 3 I Additions during the year 3,661 11 1 Christchurch Depot .. 1,638 2 10 Wanganui Depot .. 501 7 2 41,766 4 3 19,618 8 2 Depreciation .. .. 4,176 12 5 Reserves — 37,589 11 10 General Reserve .. 75,853 2 2 Buildings at mine— Bad-debts Reserve .. 538 8 3 Balance at 31st March, 76,391 10 5 1923 .. .. 3,961 2 11 Contracts Deposit Ac- ' Additions during the year 101 .10 0 count .. .. . • 890 0 0 Stocks, &c., written off 4,062 12 11 Suspense Account .. .. 2,1.13 13 10 Depreciation .. .. 406 5 4 General Profit and Loss 3,650 7 7 Account — Cottages at mine— Net profit for year .. .. 15,742 3 10 Balance at 31st March, 1923 .. .. 6,716 2 5 Additions .. .. 102 13 2 6,818 15 7 Depreciation .. . . 681 17 7 6,136 18 0 Coal (cargo afloat) .. 1,329 6 9 Coal (stock on hand at mine and wharf) .. .. 2,754 14 10 Stores (stock on hand) .. 8,501 18 8 12,586 0 3 Stocks, &c., Suspense Account .. 466 6 11 Sundry debtors .. .. 4,064 1 0 147,473 14 3 James Colliery and Development Property Account— Cost at 31st March, 1923 .. 35,137 10 1 Additions during the year .. 879 19 2 36,017 9 3 Depreciation .. .. 3,001 14 11 32,415 14 4 Machinery, plant, ropes, and rolling-stock— Cost at 31st March, 1923.. 10,973 711 Additions during the year 1,380 3 0 12,359 10 11 Depreciation.. .. 1,235 19 1 11,123 11 10 Buildings at mine— Cost at 31st March, 1923.. 477 3 7 Additions during the year 657 12 3 1,134 15 10 Depreciation.. .. 113 9 7 — 1,021 6 3 Preliminary Expenses Account . . .. .. ~ 1,103 8 0 Coal (stock on hand at mine and wharf) .. .. 1,079 4 7 Stocks Suspense Account .. 96 9 0 1,175 13 7 Sundry debtors .. .. .. 8 210 — 46,847 17 4 Carried forward .. . 381,649 15 1 194,321 11 7

B—l [Pt. IV, Sup. B].

55

NEW ZEALAND STATE COAL-MlNES—continued. Balance-sheet—continued. Liabilities—continued. £ s. d. Assets—continued. £ g. d. £ s. d. £ s. d. Brought forward .. .. 381,049 15 1 Brought forward .. .. .. .. 194,321 11 7 Mac Donald Colliery and Development Property Account— Cost at 31st March, 1923 .. 05,664 4 1 Additions during the year .. 2,550 5 7 08,214 9 8 Machinery, plant, and rol-ling-stock— Cost at 31st March, 1923.. 4,839 8 1 Less sales during the year 755 19 4 4,083 8 9 Buildings at mine— Cost at 31st March, 1924.. .. 479 17 3 Cottages at mine— Cost at 31st March, 1923.. 2,265 1 3 Less recoveries during the year .. .. 65 15 9 2,199 5 6 Plantation at mine— Cost at 31st March, 1923.. 541 15 8 Expended during the year 5 15 0 547 10 8 — 75,524 11 10 Wellington Depot Property countBalance at 31st March, 1923 1,932 15 5 Additions during the year .. 1,211 1 8 3,143 17 1 Depreciation .. .. 689 7 4 2,454 9 9 Stocks on hand .. .. 3,965 4 3 Stocks, &c., Suspense Account 410 6 11 — 4,375 II 2 Sundry debtors .. .. .. 13,233 3 0 20,063 4 5 Christchurch Depot Property Account — Balance at 31st March, 1923 3,077 1 0 Additions during the year .. 171 1 7 3,248 3 1 Depreciation .. .. 179 1 11 3,009 1 2 Stocks on hand .. .. 1,406 15 2 Stocks Suspense Account .. 822 2 6 2,288 17 8 Sundry debtors .. .. .. 6,488 2 6 11,846 1 4 Wanganui Depot Property Account— Balance at 31st March, 1923 1,120 11 9 Additions during the year .. 425 11 3 1,540 3 0 Depreciation .. .. 146 17 8 1.399 5 4 Stocks on hand .. .. 1,210 4 0 Stocks, &0., Suspense Account 318 8 6 - 1,528 12 6 Sundry debtors .. .. .. 3,806 13 0 6,794 10 10 Sinking Fund Investment Account .. .. .. 35,400 10 6 Investment Account (ordinary) .. .. .. 20,000 0 0 Interest on investments accrued .. .. .. 303 11 2 Cash in hand and in Public Account at 3lst March, 1924 17,389 7 5 £381,049 15 1 £381,649 15 1 G. Jas. Anderson, P. 6. Pearce, Accountant. Minister of Mines. I hereby certify that the attached Working and Profit and Loss Accounts of Depots and Collieries, General Profit and Loss Account, Statement of Receipts and Payments, 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.—G. F. C. Campbell, Controller and Auditor-General.

B—l [Pt. IV, Sup. B].

56

NEW ZEALAND STATE COAL-MlNES— continued. Statement of General Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Liverpool Colliery Trade Ex- By Liverpool Colliery Working penses Account .. .. 115,541 310 Account —Gross profit .. 127,566 11 9 Wellington Depot Trade Ex- Wellington Depot Trading Acpenses Account .. .. 9,901 0 4 count —Gross profit .. 13,007 13 2 Christchurch Depot Trade Ex- Christchurch Depot Trading penses Account .. .. 7,055 4 1 Account—Gross profit .. 7,940 5 5 Wanganui Depot Trade Ex- Wanganui Depot Trading Acpcnses Account .. .. 2,171 17 10 count —Gross profit .. 3,359 0 0 Wellington Depot--Bad debts 5 5 0 Seddonville Colliery—Recoveries 138 13 1 Deposit, &c, written off 6 4 4 Point Elizabeth Colliery—Re134,080 15 11 coveries .. .. 1,351 4 4 Balance—Prolit for year carried down .. 20,294 3 10 Liverpool Colliery—Rents .. 825 7 I 154,195 0 10 Interest on investments .. .. 779 18 11 £154,974 19 9 £154,974 19 9 Sinking Fund Account for redemption of loan £ a. d. £ s. d. capital .. .. .. .. 4,552 0 0 Balance—Profit for year 1923-24 .. 20,294 310 Balance—Net profit for year .. .. 15,742 310 £20,294 3 10 £20,294 3 10 Statement of Liverpool Colliery Working Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Stock on hand at 31st March, By Sales of coal .. ..204,283 1 3 1923 .. .. .. .. 3,572 4 8 Sales of stores and hire of plant 7,194 18 5 Coal-winning— 211,477 19 8 Wages .. .. .. 05,104 18 1 Stock of coal on hand at 31st Stores and materials used .. 8,178 7 3 March, 1924, at mine and Railway tickets .. .. 648 10 0 wharf .. .. .. 2,754 14 10 Special trains .. .. 2,502 5 0 Cargo afloat .. .. 1,329 (i 9 Stores and plant sales (at cost) 5,853 13 5 4,084 1 7 Coal purchased .. .. 091 1 0 Special rate .. .. 1,384 9 7 84,423 4 10 Balance —Gross profit .. .. 127,506 11 9 £215,562 1 3 £215,562 1 3 Statement of Liverpool Colliery Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ s. d. To Management and office salaries 3,182 3 2 By Gross profit at mine .. .. .. 127,566 11 9 Interest .. .. .. 4,770 II 8 Rents .. .. .. .. .. 825 7 1 Travelling-expenses.. .. 138 7 5 Printing and stationery .. 216 13 I Repairs and maintenance .. 4,504 3 0 Telegrams and postages .. 130 11 0 Railway haulage .. .. 18,048 18 4 Insurances.. .. .. 374 13 5 Compensation for accidents .. 1,725 1.3 11 Sick and Accident Fund .. 206 13 1 General, expenses .. .. 289 4 3 Marine freights .. .. 63,174 14 1 Audit fees .. .. .. 75 5 4 Wharfage .. .. .. 4,153 8 7 Depreciation—Mine, buildings, plant, and machinery .. 14,484 3 0 115,541 3 10 Balance—Net prolit.. .. .. 12,850 15 0 £128,391 18 10 £128,391 18 10 Statement of James Colltery Working Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ a. d. To Stock on hand at 31st March, By Sales coal .. .. .. .. 36,004 10 4 1.923 .. .. .. .. 55 0 11 Stock on hand at 31st March, 1924, at mine Coal-winning— and wharf .. .. .. .. 1,079 4 7 Wages .. .. .. 14,668 2 2 Stores and materials used .. 1,078 811 Subsidized bus-fares, &o. .. 73 2 0 Coal purchased .. .. 57 8 1 Special rate .. .. 225 10 6 Royalty.. .. . . 514 II 3 16,617 9 5 Balance—Gross profit .. .. 21,011 4 7 £37,684 0 11 £37,084 0 11

B.—l [Pt. IV, Sup. B].

57

NEW ZEALAND STATE COAL-MlNES— continued. Statement of James Colliery Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s . d. Or. £ a. d. To Management and office salaries .. .. 569 14 1 By Gross profit at mine .. .. .. 21,011 4 7 Rents .. .. .. .. .. 15 12 6 Balance —Net loss carried to Preliminary ExInterest .. .. .. .. .. 1,655 12 6 penses Account .. .. .. 1,103 8 6 Travelling-expenses .. .. .. 18 13 10 Printing and stationery .. .. .. 48 14 4 Repairs and maintenance .. .. .. 314 15 1 Telegrams and postages .. .. .. 26 14 3 Railway haulage .. .. .. .. 2,866 1 6 Insurance .. .. .. .. 00 3 3 Compensation .. .. .. .. 179 3 6 Sick and Accident Fund .. .. .. 32 7 II General expenses . . .. .. .. 07 6 1 Marine freights .. ' ... .. .. 10,020 13 2 Audit fees .. .. .. .. 10 8 0 Wharfage . . .. .. .. 677 9 6 Depreciation .. .. .. .. 4,951 3 7 £22,114 13 1 £22,114 13 1 Wellington Depot Trading Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Stocks on hand at 31st March, By Sales of coal .. .. 151,553 9 8 1923 .. .. .. .. 2,720 0 7 Sales of firewood, coke, &o. .. 4,899 811 Purchases of coal .. .. 137,387 4 0 150,452 18 7 Purchases of firewood, coke, &o. 4,048 14 0 Stocks on hand at 31st March, 141,435 18 0 1924— Wharfage .. .. .. .. 1,593 10 9 Coal .. .. .. 2,686 3 8 Cartage to depot .. .. .. 1,424 7 5 Firewood, coke, &c. .. 1,042 8 2 Balance—dross prolit .. .. 13,007 13 2 — 3,728 1110 £100,181 10 5 £160,181 10 5 Wellington Depot Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ s. d. To Wages .. .. .. 1,976 10 7 By Balance of Trading Account .. .. 13,007 13 2 Salaries .. .. .. 1,472 11 1 Rents .. .. .. 856 0 0 Rates .. .. .. 291 17 8 Interest .. .. .. 103 2 3 Travelling expenses and allowances .. .. .. 46 810 Repairs and maintenance .. 243 10 10 Telegrams and postages .. 79 15 1 Printing and stationery .. 82 910 Insurances...... I 9 0 Cartage .. .. .. 3,047 0 3 Sacks .. .. .. 127 1 1 Freights, &o. .. .. 130 7 1 General expenses .. .. 132 0 1 Audit fees .. .. 15 3 4 Bad debt .. .. .. 5 5 0 Depreciation .. .. 689 7 4 9,900 5 10 Balance—Net profit.. .. . .. 3,101 7 4 £13,007 13 2 £13,007 13 2 Christchurch Depot Trading Account for the Year ended 31 sr March, 1924. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d To Stocks on hand at 31st March, By Sales of coal .. .. 50,004 12 1 1923 .. .. .. .. 1,927 19 8 Sales of firewood, coke, &c. .. 1,319 7 0 Purchases of coal .. .. 38,133 4 4 51,923 19 7 Purchases of firewood, coke, &c. 1,197 11 10 Stocks on hand at 31st March, — 39,330 10 2 1924— Haulage to depot .. .. .. 4,083 16 3 Coal .. .. .. 81118 11 Gross profit .. .. .. 7,946 5 5 Firewood, coke, &c. .. 552 19 0 —— 1,364 17 11 £53,288 17 6 £53,288 17 6 Christchurch Depot Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d £ s. d. Or. £ s. d. To Wages .. .. .. 1,645 18 II By Balance of Trading Account .. .. 7,946 5 5 Salaries .. .. .. 803 3 0 Rents .. .. .. 136 17 4 Interest .. .. .. 110 16 0 Travelling-expenses.. .. 38 14 2 Repairs and maintenance .. 220 3 5 Telegrams and postages .. 30 15 1 Printing and stationery .. 02 4 3 Insurances.. .. .. 9 0 7 Cartage .. .. .. 1,025 12 7 Sacks .. .. .. 103 8 5 Freights .. .. .. 1,830 9 7 General expenses .. .. 74 10 1 Audit fees .. .. 30 6 8 Compensation .. .. 87 10 1 Depreciation .. .. 179 I 11 7,055 4 1 Net profit .. .. .. 891 1 4 £7,940 5 5 £7,940 5 5

B—B.8 —B. 1 [Pt. IV, Sup. B].

B.—l [Pt. IV, Sup. B].

58

NEW ZEALAND STATE COAL-MlNES— continued. Wanganui Depot Trading Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Stocks on hand at 31st March, By Sales of coal .. .. 37,104 9 10 1923 .. .. .. .. 1,052 0 3 Sales of firewood, coke, &c. .. 1,244 12 11 Purchases of coal .. .. 33,702 1.9 2 38,349 2 9 Purchases of firewood, coke, &c. 775 9 9 Stocks on hand at 31st March, 34,538 8 11 1924— Haulage to depot .. .. .. 505 I 5 Coal .. .. .. 997 4 0 Gross profit .. .. .. 3,359 0 0 Firewood, coke, &c. .. 168 15 4 1,105 19 10 £39,515 2 7 £39,515 2 7 Wanganui Depot Profit and Loss Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. | Or. £ s. d. To Wages .. .. .. 532 0 I By Balance of Trading Account .. .. 3,359 0 0 Salaries .. .. .. 454 18 7 Rents .. .. .. 217 4 3 Interest .. .. .. 49 5 3 Travelling-expenses.. . . 15 4 1 Repairs and maintenance .. 38 I 9 Telegrams and postages .. 37 3 2 Printing and stationery .. 28 10 2 Insurance .. .. .. 5 111 Cartage .. .. .. 488 15 0 Sacks .. .. .. 16 13 0 Freights, &c. .. .. 60 11 11 General expenses .. .. 02 2 0 Audit fees .. .. .. 18 13 4 Depreciation .. .. 140 17 8 2,171 17 10 Net profit .. .. .. ' 1,187 8 2 £3,359 6 0 £3,359 0 0 Statement of Receipts and Payments for the Year ended 31st March, 1924. Receipts. Expenditure. £ s. d. £ s. d. By James Colliery— £ s. d. £ s. d. To Cash in hand and in Property and development.. .. 2,490 14 3 Public Account at Machinery, plant, and rolling-stock .. 346 19 9 31st March, 1923 .. .. 19,580 0 9 Buildings' .. .. .. 402 0 2 Proceeds of sale of coal 280,594 17 0 Cottages.. .. .. .. 0 10 0 Recoveries, refunds.&c. 20,543 17 5 Wages .. .. .. .. 10,275 19 6 301,138 14 11 Special rate .. .. .. 221 14 0 Contracts—Deposits 1,040 0 0 Coal purchased .. .. .. 20 17 8 „ Refunds 70 0 0 Subsidized bus-fares .. .. 04 8 0 1,110 0 0 19,823 3 10 Investments—Realized 5,000 0 '0 Liverpool Colliery— „ Interest 607 17 11 Property and development.. .. 10,352 17 3 5,007 17 11 Machinery, plant, and rolling-stock .. 159 II 3 Buildings' .. .. .. 35 19 1 Cottages.. .. .. .. 33 0 4 Stores and materials .. .. 23,207 15 10 Wages .. .. .. .. 00,955 12 4 Special rate .. .. .. 1,400 10 3 Railwav tickets .. .. .. 1,811 3 9 Special* trains .. .. .. 2,455 0 0 Coal purchased .. .. .. 546 1.1 11 106,964 8 0 MacDonald Colliery— Property and development.. .. 115 14 11 Machinery, plant, and rolling-stock .. 5 7 0 Cottages' .. .. .. 117 3 Plantation .. .. .. 5 15 0 128 14 2 Seddonville Colliery Account .. .. .. 55 15 9 Wellington Depot Account .. .. 24,503 8 1.1 Christchurch Depot Account .. .. 12,287 17 5 Wanganui Depot Account .. .. 0,280 11 0 Coal purchased on account of depots (Suspense Account) .. .. 283 11 7 43,415 9 5 Management and office salaries .. 3,753 5 3 Interest .. .. .. .. 9,251 19 2 Travelling-expenses .. .. .. 158 13 0 Printing and stationery .. .. 269 4 8 Repairs and maintenance .. .. 3,211 311 Wharfage .. .. .. .. 4,884 12 9 Railway haulage .. .. .. 20,321 8 0 Marine freights .. .. .. 69,790 12 10 , Postages and telegrams .. .. 162 2 9 Insurances .. .. .. 434 16 8 Rents .. .. .. .. 176 11 3 Compensation .. .. .. 2,234 3 7 Sick and Accident Fund .. .. 219 10 2 General expenses .. .. .. 007 11 0 Investments—General .. .. 15,000 0 0 „ Sinking fund .. .. 9,104 0 0 Contracts—Deposits .. .. 50 0 0 Refunds .. .. 30 0 0 139,059 15 0 Cash in hand and in Public Account at 31st March, 1924 .. ~ .. .. 17,389 7 5 £327,436 13 7 £327,436 13 7 r vtiTißiT-ts—r«TTCirr —— -~ i»sa-irngF7-.-.^T--Tsrf)rsai.ii>

B.—i [Pt. IV, Sup. B]

59

PUBLIC SERVICE SUPERANNUATION FUND. Revenue Account fob the Year ending 31st March, 1924. £ s. d. £ s. d. Amount, of fund at beginning of year 1, 127 l(i 4 Retiring-allowances— Members'contributions under section To members .. .. .. 225,376 3 4 2!) (ordinary) .. .. .. 219,525 5 3 To widows and children .. .. 15,204 210 Transfers from other superannuation Contributions returned— funds .. .. .. .. 93 1 1 Under section 46 (an) (left service).. 44,644 3 9 Government subsidy .. 86,000 Under section 42 (death) .. 6,546 1.1 2 Government subsidy (addi- Under section 32 (ee) .. . . 322 510 tional) .. .. 50,000 Under section 32 (/) .. .. 596 I 11 — 136,000 0 0 Under section 38 (retirement) .. 1,125 17 0 Interest .. .. .. .. 113,607 15 4 Interest, section 2, Amendment Act.. 108 18 1 Fines, &c. .. .. .. 970 15 9 Contributions to other superannuation funds, section 48 .. .. 68 0 6 Expenses— Salaries .. . . .. 2,622 19 5 Office expenses .. .. .. 277 12 6 Public Trustee's charges .. .. 2,840 4 5 Modical fees .. . . .. 61 19 0 Audit foes .. .. .. 50 0 0 Post Office charges .. .. 50 0 0 Heating and lighting .. .. 28 14 9 Cleaning .. .. .. 100 17 4 Rent .. .. .. .. 120 0 0 Messenger service . . . . 75 0 0 Board members' election expenses 2 2 0 Balance as at 31st March, 1924 .. 2,039,042 19 11 £2,339,324 13 9 £2,339,324 13 9 Balance-sheet am at 31st March, 1924. Liabilities. £ s. d. Asset*. £ s. d. Superannuation Fund Account— Amount invested by the Board .. 2,007,706 10 4 Balance from Revenue Account .. 2,0)9,012 19 II Contributions due, in course of transRetiring and other allowances due, in mission . . .. . . 15,387 0 3 course of payment— Interest due and accrued .. .. 34,040 12 0 To members .. .. .. 2,507 16 0 Cost-of-living bonus recoverable (ConTo widows and children .. .. 154 19 5 solidated Fund).. .. .. 15 3 4 Refunds of contributions due, in course Bank Account .. .. .. 42,401 5 7 of payment— Balance in hand of Public Trustee .. 15,761 4 7 Under seotion 46 (act) (left service).. 1,230 311 Rates and taxes paid on account of Under soctions 42 and 43 (death) .. 834 II 8 mortgagors (recoverable) .. 51 18 6 Undor section 32 (ee) .. .. 016 4 Retiring-allowances recoverable (Marine Expenses duo, in course of payment— Department) .. .. .. 85 12 2 Office expenses . . .. .. 15 18 I Public Trustee's charges .. .. 860 0 4 Heating and lighting .. .. 10 8 Rent .. .. .. .. 30 0 0 Contributions paid in advance or in error .. .. .. .. 4,563 13 0 Valuation fees due to Valuation Department .. .. .. 4 110 Unclaimed Account (contributions, &c.) 1,090 12 4 Post Office Account .. .. 1,200 6 7 Balance, Government subsidy* .. 01,500 0 0 £2,110,109 12 9 £2,116,109 12 9 * The Government subsidy is paid in January of oieli year. Owing to the change in the date of the financial year, to «how the true position of the fund it is necessary to state this item as a liability. Subsidiary Account. Cost-of-living Bonus paid to Annuitants of the Public Service Superannuation Fund on behalf of the Treasury. £ s. d. | £ s. d. To Amount disbursed for period Ist | By Amount received from Treasury .. 16,391 9 4 April, 1923, to 31st March, 1924 10,100 12 8 . Balance due .. .. 15 3 4 £16,400 12 8 ! £16,400 12 8 William M. Wright, Secretary, R. S. Wogan, Accountant, Public Service Superannuation Board. I hereby certify that the Revenue 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.—G. F. C. Campbell, Controller and Auditor-General.

B.—l [Pt. IV^Bup.^BJ.

60

GOVERNMENT RAILWAYS SUPERANNUATION FUND. Statement of Accounts in accordance with Section 90, Government Railways Act, 1908 Revenue Account for Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Retiring-ailowanccs to members .. 157,238 18 6 By Members'contributions .. .. 129,555 1 9 Allowances to widows and children .. 14,425 18 0 Members' contributions on account of Refunds of total contributions .. 27,053 0 5 casual .service .. .. .. 3,593 0 5 Refunds of contributions in excess of Fines .. .. .. . . 431 5 0 allowances drawn by deceased bene- Subsidies .. .. .. 125,000 0 0 ficiaries .. .. .. 674 15 2 Donations .. .. .. 5 0 0 Travelling-expenses of Board members 02 610 interest .. .. .. .. 28,565 11 0 Public Trust Office charges. . .. 219 0 Audit fees .. .. .. 50 0 0 Transfers to other funds .. .. 33 15 1 Balance carried down, being excess of income over expenditure for year . . 87,008 4 2 £287,150 4 2 £287,150 4 2 By Accumulated funds brought forward To Balance, accumulated funds at 31st on Ist April, 1923 .. .. 584,219 2 4 ' March, 1924 .. .. .. 671,827 6 6 Balance brought down .. .. 87,608 4 2 £671,827 6 6 £671,827 0 0 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Accumulated funds as per Revenue In hands of Public Trustee .. .. 654,546 10 II Account .. .. .. .. 071,827 0 0 Contributions and lines in transit .. 10,734 0 5 Retiring and other allowances duo, not Contributions outstanding .. .. 601 11 3 paid—■ Contributions duo by members in respect Members .. .. .. 529 10 5 of casual service .. .. .. 0,101 10 0 Widows and children .1 .. 154 19 1 Allowances recoverable .. .. 70 0 0 Refunds of contributions .. .. 900 010 Treasury, cost-of-living bonus .. .. 1,473 12 7 Refunds of contributions in excess of allowances drawn by deceased beneficiaries .. .."' .. .. 116 11 5 Transfers to other funds .. .. 4 11 5 £073,593 11 8 £073,593 11 8 COST-OF-LIVING BONUS ACCOUNT. Disbursements and Recoveries durimj the Year ended 31 si March, 1924. £ s. d. £ s. d. To Balance due by Treasury, 31st March, By Cash received from Treasury .. 18,708 0 7 1923 .. .. •• •• 1,481 6 2 Balance duo by Treasury, 31st March, Disbursements to annuitants .. 18,700 7 0 1924 .. .. .. .. 1,473 12 7 £20,181 13 2 £20,181 13 2 J, G. COATES, Chairman of the Government Railways Superannuation Fund Board. L. Hamann, Chief Accountant, New Zealand Railways. I hereby certify that the statement of receipts and payments, Revenue Account, and balancesheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

61

13. I [V'v. IV, Sup. B].

TEACHERS' SUPERANNUATION FUND. Revenue Account for the Year ended 31st January-, 1924. £ s. d. £ s. d. To Balance, 31st January, 1923 .. 779,035 5 0 By Retiring and .other allowances .. 112,801 511 Contributions of members .. .. 101,510 8 3 Contribution refunded — Additional contribution from Fiji Co- On voluntary retire- £ s. d. vernment .. .. .. 37 18 4 mcnt .. .. 14,700 0 2 Contributions transferred from other On death of member 3,127 3 0 funds .. .. .. .. 83 10 2 On lapse of memberGovernment subsidy— £ s. d. ship .. .. 1,291 14 4 Under the Act .. 43,000 0 0 19,179 4 0 Additional grant (g Contributions transferred to other funds 9 13 2 of £25,000 voted Administration expenses-- £ s. d. for year to 31st Commission, G.P.O. 313 11 0 March, 1924) .. 20,833 0 S Commission, Public 03,833, 0 8 Trustee.. .. 1,557 17 4 interest— Office expenses .. 82 12 11 On investments .. 48,524 16 11 Postage and telcOn arrears of con- grams . . .. 84 4 2 tributious .. 200 I 0 Travelling - expenses - 48,724 18 5 ol Board members 103 5 0 Clerical assistance. .. 900 0 0 Medical fees .. 22 1 0 Audit fees .. 50 0 0 3,113 11 5 Balance, 31st January .. .. 858,661 18 10 £993,825 13 4 £993,825 13 4 Cost-of-living Bonus Account for the Ykar ended 31st January, 1924. £ s. d. I £ s. d« To Balance due to Consolidated Fund, 31st I By Payment of bonus .. .. .. 4,820 10 2 January, 1923 .. .. .. 5 7 10 Refund from Consolidated Fund, 31st January, 1923 .. .. .. 3,554 4 0 Balance due from Consolidated fund, 31st January, 1924 .. .. 1,200 17 10 £4,820 10 2 £4,820 10 2 Balance-sheet as at 31st January, 1924. Liabilities. £ s. d. Assets. £ s. d. Fund as per Revenue Account.. .. 858,001 18 10 Amount hold by Public Retiring and other allowances due and Trustee — £ s. d. unpaid .. .. .. .. 1,730 4 1 Invested .. .. 813,337 110 Refund of contributions due and unpaid 2,515 6 11 Uninvested .. .. 50,385 19 4 Administration expenses unpaid — 803,723 1 2 Commission, Post and Tele- £ s. d. Contributions of members— graph Department .. 110 17 0 In transit .. .. 4,972 4 3 Reserve for commission pay- Due and outstanding .. 3,253 10 11 able to Publio Trustee '.. 366 14 t) 8,225 15 2 Clerical assistance .. 900 o 0 Interest on investments — Postage and telegrams .. 84 4 2 Due and outstanding .. 2,512 17 8 Office expenses, printing and Accrued, but not due.. 12,155 18 8 stationery .. .. 31 14 0 14,068 10 4 Medical fees .'. .. 0 0 1) Interest on arrears of contributions due Audit fee .. .. 50 0 0 and outstanding .. .. .. 136 11 4 — 1,549 15 2 Consolidated Fund, on account cost-of-Unclaimcd contributions .. .. 1,052 12 4 living bonus .. .. .. 1,260 17 10 Amounts held pending legislation .. 327 5 5 Amounts overpaid — Amounts overpaid or paid into fund in Refund of contributions .. .. 3 0 0 error .. .. .. .. 5 12 Government subsidy —Statutory grant paid in advance to 31st Decern- £ s. d. ber, 1924 .. .. 39,410 13 4 Less portion of additional subsidy (£25,000) voted for year to 31st March, 1924, not yet paid .. 20,833 0 8 ■ 18,583 0 8 Vouchers issued but unpaid at 31st January, 1924 .. 7,822 3 1 Less cash in hands of Post Office .. .. 4,829 11 10 2,992 11 3 £888,018 1 10 £888.018 1 10 C E. Chawkord, Secretary, Teachers' Superannuation Board. I hereby certify tltat the Revenue 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.—C. F. C. Campbell, Controller and Auditor-General.

ft.—l [Pt. IV, Sup. Bj.

62

TONGARIRO NATIONAL PARK BOARD. Statement of Receipts and Payments poh Pebiod Ist Apkil, 1923, to 31st March, 1924. Receipts. £ s. d. Payments. £ s. d. To Balance, Ist April, 1923 .. .. 1,010 9 0 By Park equipment .. .. .. 54 13 1 Park fees.. .. .. .. 235 19 0 ' Park buildings .. .. .. 204 6 0 Contribution by Ohakunc residents for Ohakune track improvement . . 08 15 0 improvement of Ohakune track .. 100 0 0 Park photographs .. .. .. 10 18 0 Government subsidy .. .. 250 0 0 Advertising .. .. .. 32 15 0 Donation by R. C. Bruce Estate Trustees 150 0 0 Maintenance of park tracks, drains, See. 4 3 3 Timber royalties .. .. .. 378 13 8 Maintenance of park buildings .. 510 3 Interest on Post Office Savings-bank Horse feed and shoeing .. .. 18 14 8 deposit 19 5 0 Travelling-expenses .. .. 49 010 Printing and stationery • .. .. 12 3 9 Postages, telegrams, &e. .. .. 4 7 (i Refund of caretaker's salary to Consolidated Fund .. . . .. 243 5 7 Commission on hut fees collected during caretaker's absence .. .. 717 9 Balance—• £ s. d. Bank of New Zealand .. 506 17 3 Lossun presented cheques 15 12 9 491 4 0 Post Office Savings-bank.. 919 5 0 Cash in transit at 31st March, 1924 .. 1.1 5 0 1,421 15 0 £2,144 0 8 £2,144 6 8 J. B. Thompson, Chairman, Tongariro National Park Board. J. H. O'Donnell, Hon. Treasurer, Tongariro National Park Board. I hereby certify that the statement of receipts and payments has been duly examined and compared with the relative books and documents submitted, for audit and correctly states the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General. TREASURY DEPARTMENT. Income and Expenditure Account foe the Yeah ended 31st March, L924. Expenditure. Income. To Administrative charges— £ s. d. £ s. d. £ s. d. Salaries .. .. 21,800 13 9 By Inscribed stock, fees, &c. .. .. 1,104 17 0 Allowances, overtime, Exchange and commission .. .. 9,980 17 2 &c. .. .. 192 13 10 Balance carried down .. .. 20,557 3 5 Office expenses .. 718 3 Postages, &c. .. 2,305 4 11 Printing and stationery 3,072 2 10 Office requisites, repairs, &c. .. 213 1 10 Travelling-expenses .. 368 II 4 Telegrams beyond Dominion .. .. 1,842 3 1 Annual rental value of offices .. .. 1.284 0 0 31,140 9 10 Refunds of unclaimed money .. 20 11 0 Interest coupons lost in transit .. 29 15 0 Compassionate allowance .. .. 300 0 0 Depredation .. .. .. 140 1 9 £31,648 18 1 £31,648 18 1 £ s. d. £ s. d. To Balance brought down .. .. 20,557 3 5 By Excess of expenditure over income. .. 20,035 3 7 Interest on capital at 41 per cent. .. 78 0 2 £20,635 3 7 £20,635 3 7 Balance-sheet as at 31st March, 1924. Liabilities. Assets. £ s. d. £ s. d. Capital as at Ist April, 1923 .. .. 2,240 16 1 Office furniture, fittings, and equipment.. 1,183 15 4 Sundry creditors for outstanding expenses 1,220 12 5 Mechanical appliances .. .. .. 902 10 0 Depreciation Reserve .. .. .. 459 10 9 Library .. .. .. .. 00 2 1 Treasury Adjustment Account .. .. 19,918 011 Stock of stationery .. .. .. 740 4 4 Sundry debtors .. .. .. 241 12 7 Expenses paid in advance .. .. 9 0 3 Excess of expenditure over income .. 20,035 3 7 £23,839 0 2 £23,839 0 2 J. .1. Esson, Secretary fo the Treasury. R. E. Hayes, Accountant to the Treasury. 1. hereby certify that tile 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, except that the accounts include charges against the Department for rent and interest for which the Department possesses no parliamentary appropriation.— G. F. C. Campbell, Controller and Auditor-General.

63

B.—l [Pt. IV, Sup. B],

VALUATION DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Advertising, books, newspapers, and By Fees charged for valuers' reports, &c. 50,164 9 2 other publications .. .. 82 7 8 Local bodies'contributions accrued .. 2,620 8 0 Amount misappropriated in Auckland Land-tax-contribution accrued .. 2,626 8 0 Office .. .. .. .. 210 5 0 State Advances contribution .. 1,000 0 0 Assessment Court expenses .. 591 14 7 Balance, excess of expenditure over Fees to valuers .. .. .. 17,120 10 2 income .. .. .. 6,897 14 9 Freight, cartage, and transport charges 1 10 0 Fuel, light, power, and water .. 38 8 I Law-costs .. .. .. 4 4 0 Maps, tracings, and schedules of land transactions .. .. .. 230 2 0 Office-cleaning .. .. ~ 24 13 0 Office expenses .. .. .. 230 3 8 Overtime and meal allowances .. 35 8 0 Payment to Post and Telegraph Department .. .. .. 100 0 0 Postage, telegrams, £ s. d. and rent of boxes .. 883 15 4 Less amount prepaid, carried forward .. 23 1 3 800 14 1 Printing and stationery .. .. 914 3 9 Rent .. .. .. .. 2,564 2 10 Revision of districts .. .. 45 0 0 Salaries .. .. .. .. 31,140 3 0 Telephone sorvices .. 334 13 10 Less amount carried forward .. 8 13 320 12 7 Tem porary assistance .. .. 2,437 5 2 Transfer and removal .. ... 29 0 5 Travelling allowances and expenses .. £0,193 0 (i Less unexpired season tickets .. 136 2 6 6,056 18 0 Typewriters—Repairs .. .. 9 19 9 Depreciation of office furniture, fittings, and equipment .. .. .. 261 0 8 £63,314 19 11 £63,314 19 11 ■ i-M.-.-i-r--1 r -"Tirr ■ it n—Tin.- -£ s. d. £ s. d. To Balance brought down (exclusive of in- By Balance after charging interest .. 7,692 0 0 terest) .. .. .. 6,897 14 9 Interest .. .. .. .. 794 5 3 £7,692 0 0 £7,692 0 0 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. Capital Account, Ist April, 1923 .. 17,053 10 1 Office, furniture, fittings, £ s. d. £ s. d. Sundry creditors .. .. .. 4,872 17 6 and equipment .. 2,322 9 I Depreciation reserve .. .. .. 901 16 9 Add additions .. 43 411 Treasury Adjustment Account .. 11,471 5 10 2,365 14 0 Mechanical appliances .. 875 0 6 Less removals .. .. 4 0 0 871 0 0 Office maps .. .. 14,456 0 6 Add additions .. 920 9 10 — 15,376 10 4 Stationery .. .. .. 822 4 8 Sundry debtors — Local bodies' contributions .. .. 3,008 18 0 Land-tax contributions 2,626 8 0 Fees outstanding .. 1,332 12 9 Motor-cars (on open account) .. .. 836 16 11 7,804 15 8 Less bad and doubtful debts reserve .. 200 0 0 7,604 15 8 Telephone subscriptions prepaid .. 8 I 3 Unexpired season tickets .. .. 136 2 6 Post Office boxes prepaid .. .. 23 1 3 Excess of expenditure over income .. 7,692 0 0 £34,899 10 2 £34,899 10 2 F. W. Flanaoan, Valuer-General. 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, except that the accounts include charges against the Department for rent and interest for which the Department possesses no parliamentary appropriation,— G. F. C. Campbell, Controller and Auditor-General.

B.—l [Pt. IV, Sup. B].

64

NEW ZEALAND GOVERNMENT WHEAT CONTROL OFFICE. PURCHASE OF WHEAT. New Zealand Mixling-wheat Trading Account, Ist January, 1922, to 31st January, 1924. £ s. d. i £ s. d. To Purchases (6,406,007 bushels), including By Sales (less brokers'commission) .. .. 2,108,106 11 9 brokers'commission .. .. .. 1,894,079 8 9 ' Balance, 1921 Account .. .. .. 0 110 Bonus commission to brokers (}d. per bushel) 6,674 12 5 Balance, to Profit and Loss Account .. 207,352 12 5 £2,108,106 13 7 £2,108,106 13 7 Niow Zealand Seed-wheat Trading Account, Ist January, 1922, to 31st January, 1921. £ s. d. j £ s. d. To Purchases (65,135 bushels).. .. .. 19,007 15 3! By Sales .. .. .. .. .. 21,075 12 0 Balance, to Profit and Loss Account .. 2,007 17 3 £21,675 12 6 £21,075 12 0 Export'Wheat Trading Account, Ist January, 1922, to 31st January, 1921. £ s. d. £ s. d. | £ s. d. £ s. d. To Purchases (1,197,431 bushels), I By Sales (net proceeds)— including brokers'commission 358,404 11 2 Imported .. .. 289,197 15 (i Less unexpended f.o.b. charges Local .. .. .. 7,228 7 0 (paid into Public Account).. 3,370 13 3 290,420 2 0 355,087 17 11 Balance to Profit and Loss Account.. .. 79,88112 10 Charges .. .. .. .. .. 21,219 17 5 £376,307 15 4 £370,307 15 4 Surplus Milling-wheat Trading Account, Ist January, 1922, to 31st January, 1924. £ s. d. £ s. d. £ s. d. To Purchases (185,928 bushels), in- By Sales .. .. .. .. .. 52,953 410 eluding brokers'commission 60,353 8 9 Balance to Profit and Loss Account.. .. 8,717 18 6 Less unexpended f.o.b. oharges (paid into Public Account).. 1,092 2 0 — 59,261 6 9 Charges .. .. 2,409 16 7 £61,671 3 4 £61,671 3 4 Profit and Loss Account, Ist January, 1922, to 31st January, 1924. £ s. d. £ s. d. £ s. d. To Balance, Export Wheat Trading By Balance, New Zealand Milling-wheat Trading Account.. .. .. 79,881 12 10 Account .. .. .. .. 207,352 12 5 Balance, Surplus Milling-wheat Balance, New Zealand Seed-wheat Trading Trading Account .. .. 8,717 18 6 Account .. .. .. - .. 2,607 17 3 88,599 11 4 Depreciation, office furniture and equipment .. 72 0 0 Salaries and expenses .. .. .. 4,663 9 2 Balance (profit), to Appropriation Account .. 116,625 8 8 £209,960 9 8 £209,960 9 8 Appropriation Account. £ s. d. £ s. dTo Balance, Rebate (Subsidy to Flourmillers) By Balance, Ist January, 1922 .. .. 157,606 7 8 Account, being subsidy of £2 7s. 6d. per ton Balance from. Profit and Loss Account .. 116,625 8 8 on flour sold and delivered, 30/10/22 to 28/2/23 .. .. .. .. 112,166 1 1 Balance .. .. .. .. 162,005 15 3 £274,231 16 4 £274,231 16 4 1924, Fobruarv 1— By Balance' .. .. .. .. £102,065 15 *3 Balance-sheet as at 3l,st January, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry creditors .. .. .. .. 80 7 1 Treasury Adjustment Account .. .. 161,071 19 4 Profits .. .. .. .. .. 162,005 15 3 Office furniture and equipment .. .. 416 14 6 Sundry debtors .. .. .. .. 541 16 8 £ s. d. Cash in bank (Imprest Account) 112 11 10 Cash on[hand .. .. 3 0 0 115 11 10 £162,146 2 4 £162,146 2 4 I). Colquhoun, Accountant. I hereby certify that the balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— G. F. C. Campbell, Controller and Auditor-General,

B.—l [Pt. TV, $vv. B],

65

NEW ZEALAND GOVERNMENT WHEAT CONTROL OFFlCE— continued. PURCHASE OF WHEAT- continued. Profit and Loss Account, Ist February to 31st March, 1924. £ s. d. £ s. d. To Salaries and working-expenses .. .. 200 4 0 By Balance to Appropriation Account .. .. 209 14 8 Adjustments, 1922 surplus milling-wheat .. 8 10 2 £209 14 8 £209 14 8 Appropriation Account. £ s. d. £ s. d. To Balance, Profit and Loss Account .. .. 209 14 8 Bv Balance, 1 February, 1924 .. '.. 162,065 15 3 Balance .. .. .. .. 161,850 0 7 £162,065 15 3 £162,065 15 3 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Profits .. .. .. .. .. 161,856 0 7 Sundry debtors .. .. .. .. 528 16 8 Treasury (Wheat) Account .. .. .. 160,910 9 5 Office furniture .. .. .. .. 416 14 6 £101.850 0 7 £101,850 0 7 D. Colquhoun, Accountant. I hereby certify that the balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— G. F. C. Campbell, Controller and Auditor-General. Note. —The profits have been applied towards meeting the cost to the Consolidated Fund on account of flour subsidies.—l). Colquhoun, Accountant. AUSTRALIAN WHEAT. Interim Trading Account, Australian Wheat, for the Year ended 31st March, 1924. £ s. d. £ s. d. To Australian Wheat Purchases Account .. 43,059 10 1 By Australian Wheat Sales Account .. .. 12,299 15 5 Sampling .. .. .. .. 14 11 6 Stock on hand .. .. .. .. 33,906 011 Buying commission .. .. .. 10 19 7 Insurance .. .. .. .. 35 3 7 Sea freight .. .. .. .. 1,353 19 10 Balance (gross profit), transferred to Prolit and Loss Account .. .. .. .. 1,131 11 9 £46,206 2 4 £46,206 2 4 Interim Profit and Loss Account, Australian Wheat, for the Year ended 31st March, 1924. £ s. d. | £ s. d. To Salaries . . .. .. .. .. 50 10 8 By Balance (gross profit), transferred from Trading Office expenses .. .. .. .. 24 11 8 "Account .. .. .. .. 1,131 11 9 General expenses .. .. .. .. 830 18 Travelling expenses and allowances .. .. 46 18 10 Wharfage. . .. .. .. .. 87 4 8 Storage .. .. .. .. .. 10 0 Balance (net profit) .. . . .. 90 18 3 £1,131 11 9 £1,131 11 9 [nterim Balance-sheet, Australian Wheat, as at 31st March, 1924. Liabilities. £ s. d. I Assets. £ s. d. Sundry creditors (Australian) . . .. .. 38,319 9 2 I Treasury Adjustment Account .. .. 4,505 610 Sundry creditors (New Zealand) .. .. 10 4 Stock on h-ind .. .. .. .. 38,906 611 Profit and Loss Account .. .. .. 90 18 3 £38,411 13 9 £38,411 13 9 D. Colquhoun, Accountant. 1 hereby certify that the balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted tot audit, and correctly state the position as disclosed thereby.— G. F. C. Campbell, Controller and Auditor-General,

9 —B. 1 [Pt. IV, Sup. B].

B.—l [Pt. IV, Sup. 81,

66

CROWN LAW OFFICE. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. 4,565 15 9 By Law-costs .. .. .. 263 1 6 Annual certificates .. .. 21 0 0 Sales of Index .. .. .. 463 0 5 Postages .. .. .. .. 29 14 2 Sale of obsolete stores . . . . 3 13 2 Printing and stationery .. .. 94 17 1 Balance carried down .. .. 4,720 4 11 Telephone services . . .. . . 66 210 Sundry expenses .. .. .. 40 4 6 Drafting expenses .. .. .. 21 0 0 Printing " Index to Laws of New Zealand " .. .. .. .. 300 0 0 Depreciation Reserve — £ s. d. Library .. .. 125 19 2 Furniture .. .. 21 12 0 147 11 8 Rent .. .. .. 170 0 0 £5,450 0 0 £5,450 0 0 £ s. d. £ s. d. To Balance brought down .. .. 4,720 411 By Excess of expenditure over income .. 4,852 11 8 Interest on capital .. .. .. 120 6 9 £4,852 11 8 £4,852 11 8 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. 2,807 10 0 Office furniture .. .. .. 310 2 1 Sundry creditors .. .. .. 20 0 2 Library .. .. .. .. 2,593 15 8 Depreciation Reserve .. .. .. 677 16 (i Sundry debtors .. .. .. 158 0 3 Treasury Adjustment Account . 4,429 2 9 Expenses paid in advance .. .. 19 13 9 Excess of expenditure over income .. 4,852 11 8 £7,940 9 5 £7,940 9 5 Arthur Fair, Principal Law Officer. 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, except that the accounts include charges against the Department for rent and interest on capital for which the Department possesses no parliamentary appropriation.—G. F. C. Campbell, Controller and Auditor-General.

67

B.—l [Pt. IV, Sup. B]

COOK ISLANDS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1921. Expenditure. Income. Dr. £ s. d. Or. £ s. d. To Salaries .. .. .. .. 10,912 510 By Balance carried down .. .. 18,121 5 1 Advertising .. .. .. 60 0 0 Cook and other Islands Administration expenses .. .. .. 798 911 Grant to Bureau Tropical Diseases . . 50 0 0 ({rant to ethnological research, Cook Islands ... . . .. 100 0 0 Installation wireless, Aitutaki .. 1,502 011 Medical service, Niue .. .. 250 0 0 Office expenses .. .. .. 21 13 3 Postages, telegrams, &c. .. .. 106 17 0 Printing and stationery .. .. 10 0 5 Rarotonga wireless —Adjustment of accounts .. .. .. 1,000 0 0 Subsidy, service Niue .. .. 1,107 10 0 Telephone services .. .. 07 0 0 Travelling allowances and expenses .. 103 12 4 Tropical allowances .. .. 1,592 15 11 Compassionate allowance, Mrs. L. E. Duncan .. .. .. 300 0 0 Fuel, light, water, &c. .. .. 49 0 0 Rent .. .. .. .. 80 0 0 Depreciation .. .. .. 3 7 0 £18,121 5 I £18,121 5 1 £ s. d. £ s. d. To Balance brought down .. .. 18,121 5 1 By Excess of expenditure over income .. 18,123 1 I Interest on capital .. .. 1 10 0 £18,123 1 1 £18,123 1 1 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Capital—Liability to Treasury. . .. 40 0 0 Sundry debtors .. .. .. 2 3 1 Sundry creditors .. .. .. 1,320 7 2 Office fittings and requisites .. .. 40 0 0 Depreciation Reserve. . .. .. 5 7 0 Excess of expenditure over income .. 18,123 1 1 Treasury Adjustment Account.. .. 16,793 9 6 £18,165 4 2 ■ £18,165 4 2 ,1. D. Gray, Secretary. R. M. Porteous, Accountant. I hereby certify that the Inoome 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', except that the accounts include charges against the Department for light and fuel, rent, and interest on capital for which the Department possesses no parliamentary appropriation. —G. F. C. Campbell, Controller and Auditor-General.

B.—i [Pt. IV, Sup. Bj.

68

EDUCATION ENDOWMENT DEPOSIT ACCOUNT. -PR]MAPY. Revenue Account for the Year ended 31st March, 1924. £ s. d. £ s. d. To Loan repayments (principal and in- By Accrued rent, &c. .. .. .. 111,879 13 1 terest), section 63, Land Laws Accrued royalties .. .. .. 883 5 3 Amendment Act, 1913 .. .. 158 12 4 Interest on cash and investments held Administration expenses .. .. 5,806 10 5 j by Public Trustee .. .. 1,184 12 3 Irrecoverable rents .. .. 323 14 1 Balance carried down .. .. 721 2 5 Reserve for irreooverablc ronts , , 100 0 0 Costs of surveys .. ~ ~ 617 4 Remissions of rent , . ~ 201 9 5 Payments for primary-education purposes .. .. .. ~ 108,071 9 5 £114,008 13 0 £114,668 13 0 £ s. d. £ s. d. To Balance brought down .. .. 721 2 5 By Balance from previous years .. 24,614 5 3 Balance .. .. .. .. 23.958 17 0 Adjustment on account of previous years . . . . . . . . 05 14 8 £24,079 19 11 ' £24,679 19 11 Statement of Receipts and Payments for, the Year ended 31st March, 1924. Receipts. Payments. To Balance in Public Account, Ist April, £ s. d. By Payments for primary-education pur- £ s. d. 1923 .. .. .. .. 4,ltd 8 5 poses .. .. .. .. 108,071 9 5 Amounts received under Bduoation Administration expenses .. .. 6,896 7 1 Reserves Amendment Act, 1914 — Refunds of revenue .. .. 36 9 11 Rents, &o. .. .. .. 115,004 0 5 Balance in Public Account, 31st March. Sales .. .. .. .. 10 0 0 1924 .. .. .. .. 4,111 811 £119,115 15 4 £119,115 15 4 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Capital, including loading for roads, &o. 2,294,312 14 5 Land .. .. .. .. 2,207,277 14 8 Sundry creditors—Miscellaneous .. 732 18 0 Unpaid purchase price (not yet payable) Rents paid in advance .. .. 426 4 1 on buildings .. .. .. 1,503 0 7 Royalties paid in advance .. .. 10 .'! 3 £ s. d. Rents written off Suspense .. .. 407 17 7 Sundry debtors, for rents 20,895 (i 8 Revenue Account—Balance.. .. 23,958 17 0 Less reserve for irrecoverable rents .. .. 100 0 0 20,795 0 8 Sundry debtors, for royalties .. 470 15 7 Sundry debtors, for principal instalment on buildings . . , . . . 42 15 11 Sundry debtors —Miscellaneous .. 1,167 10 5 Sundry debtors, for interest on cash and investments .. .. .. 23 I 0 Postponed rent .. .. .. 1,010 4 8 Rents written off Suspense .. .. 407 17 7 Interest accrued, due on investments .. 49 I ti Investments held by Public Trustee .. 5,902 0 0 Cash held by Public Trustee. . .. 10,90110 10 Cash in Public Account. .. .. 4,111 8 11 £2,319,908 14 10 £2,319,908 14 10 J. B. Thompson, Under-Secretary for Lands. J. 11. O'Donnell, Chief Accountant. I hereby certify that the Receipts and Payments Statement, Revenue Account, and balancesheet have been duly examined and compared with the copies of journal entries of the District Land Boards, anil correctly state the position as disclosed, thereby, except that the Revenue Account includes rents due for the period Ist July, 1923, to 30th June, 1924, and that Capital Account is overstated by the total amount the land was loaded for roading, &c, and in the opinion of the Audit Office instalments of principal included in loan repayments should not be a charge against the Revenue Account.- —G. F. C. Campbell, Controller and Auditor-General.

B.—l [Pt. IV, Sup. B].

69

EDUCATION ENDOWMENT DEPOSIT ACCOUNT.-SECONDARY. Revenue Account for the Year ended 31st March, 1924. £ s. d. £ s. d. To Loan repayments (principal and interest) By Accrued rents, &o. .. .. .. 9,314 19 9 section 63, Land Laws Amendment Interest on cash held by Public Trustee 43 14 1 Act, 1913 .. .. .. 22 17 9 Balanoe carried down .. .. 72 6 7 Administration expenses .. .. 480 11 9 Rotorua College and Grammar School 640 8 8 Payments to secondary schools .. 8,287 2 3 £9,431 0 5 £9,431 0 5 £ s. d. £ s. d. To Balanoe brought down .. .. 72 0 7 By Balance from previous years .. 4,529 410 Adjustment on account of previous years 290 16 9 Balance .. .. .. .. 4,100 I (i £4,529 4 10 £4,529 4 10 Statement op Receipts and Payments for the Year ended 31st March, 1924. Receipts. £ s. d. : Payments. £ s. d. To Balance in Public Account, Ist April, ; By Payments to secondary schools .. 8,287 2 3 1923 .. .. .. .. 3,014 010 I Rotorua College and Grammar School 040 8 8 Rents, &c, received under Education Administration expenses .. .. 661 4 4 Reserves Amendment Act, 1914 .. 9,504 10 1 i Refunds of revenue .. .. 2 0 0 Balance in Public Account, 31st March, 1924 .. .. .. .. 3,588 7 8 £13,179 2 11 £13,179 2 11 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Capital, including loading for roads, &c. 199,114 13 3 Land .. .. .. .. 199,370 510 Sundry creditors— £ s. d. Miscellaneous .. .. .. 1,452 911 Sundry debtors for rents .. 817 0 7 Rents paid in advance .. .. 610 0 Less reserve for irrecoverRoyaltios pajd in advance .. .. 0 16 able rents .. 15 15 11 Rents written off Suspense . . .. 54 18 2 801 10 8 Rotorua College and Grammar School .. 5,763 12 0 Miscellaneous —Sundry debtors .. 112 4 Revenue Account—Balance .. .. 4,166 1 6 Rents written off Suspense .. .. 54 18 2 Overpayments to secondary schools .. 5,763 12 0 Cash held by Public Trustee .. .. 971 19 8 Cash in Public Account .. .. 3,588 7 8 £210,558 6 4 £210,558 0 4 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Chief Accountant. I hereby certify that the Receipts and Payments Statement, Revenue Account, and balancesheet have been duly examined and compared with the copies of journal entries of the District Land Boards, and correctly state the position as disclosed thereby, except that the Revenue Account includes rents due for the period Ist July, 1923, to 30th June, 1924, and that Capital Account is overstated by the total amount the land was loaded for roading, &c, and in the opinion of the Audit Office instalments of principal included in loan repayments should not be a charge against Revenue Account. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [Pt. IV, Sup. B].

70

ELECTORAL DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. 3,644 14 5 By Sundry revenue .. .. .. 112 0 General election— Balance carried down .. .. 6,517 13 11 Expenses of taking .. .. 460 17 10 Preparation of rolls .. .. 393 3 11 Licensing poll .. .. .. 82 7 2 Postage .. .. .. .. 596 4 9 Printing and stationery .. .. 121 10 3 Rent .. ..'•.. .. 447 19 8 Sundries .. .. .. 772 7 11 £6,519 5 11 £6,519 5 11 £ s. d. £ s. d. To Balance brought down .. .. 0,517 13 11 By excess of expenditure over income .. 7,807 19 5 Depreciation .. .. .. 815 2 0 Interest on capital .. .. 475 3 0 £7,807 19 5 £7,807 19 5 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Capital as at Ist April, 1923 .. .. 10,834 1 4 Furniture and fittings .. .. 10,537 19 11 Sundry creditors .. .. .. 57 14 3 Mechanical appliances .. .. 264 19 11 Depreciation Reserve .. .. 2,563 18 4 Saleable rolls .. .. .. 1,257 16 0 Treasury Adjustment Account.. .. 6,413 14 j Excess of expenditure over income .. 7,807 19 5 £19,868 15 3 £19,868 15 3 J. LTislop, Chief Electoral Officer. A. W. Pyne, Accountant. 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, except that the accounts include charges against the Department for rent, interest on capital, furniture, and services rendered by the Internal Affairs Department for which the Department possesses no parliamentary appropriation.—G. F. C. Campbell, Controller and Auditor-General.

B.— l [Pt. IV, Sup. B].

71

EXTERNAL AFFAIRS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. Income. Dr. £ s. d. Or. £ s. d. To Salaries .. .. .. .. 2,137 10 9 By Balance carried down .. .. 22,435 13 0 Advertising . . .. .. 40 0 9 Expenses upkeep Apia Observatorv ■ • 129 3 8 Freight .. .. .. .. 6 17 11 Grant, Bureau Tropical Diseases .. 100 0 0 Grant, ethnological research, Western Samoa.. .. .. .. 250 0 0 Grant, SamoaD Administration, for educational, medical, and wireless services .. .. .. 16,000 0 0 Grant, Samoan Administration, to cover deficit, 1921-22 .. .. 2,000 0 0 Office expenses .. .. .. 17 310 Photographic film . . .. 719 5 Postages, telegrams, &c. . . . . 247 16 8 Printing and stationery .. .. 87 0 3 Purchase power plant, Apia Wireless Station .. .. .. 1,100 19 4 Telephone services .. .. 27 1 9 Travelling allowances and expenses .. 73 13 10 Fuel, light, water, &c. .. .. 49 0 0 Rent .. .. .. .. 80 0 0 Depreciation .. .. .. 81 5 4 £22,435 13 0 £22,435 13 6 £ s. d. £ s. d. To Balance brought down .. .. 22,435 13 6 By Excess of expenditure over income .. 22,461 4 1 Interest on capital .. .. 25 10 7 £22,461 4 1 £22,461 4 1 15alance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Capital—Liability to Treasury .. .. 567 0 5 Official stamps .. .. .. 910 9 Sundry creditors .. .. .. 46 11 3 Sundry debtors .. .. .. 95 11 3 Depreciation Reserve .. .. 104 10 4 Advance, Samoan Administration .. 0,000 0 0 Treasury Adjustment Aooount .. 28,420 3 0 £ s. d. Office fittings and requisites 267 0 5 Additions . . . . 11 4 ti 278 10 11 Photographic film .. . . .. 300 0 0 Excess of expenditure over income .. 22,401 4 1 £29,144 17 0 £29,144 17 0 J. D. Gray. Secretary. R. M. Portkous, Accountant. 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, except that the. accounts include charges against the Department for light and fuel, rent, and interest on capital for which the Department possesses no parliamentary appropriation.—G. F. C, CAMPBELL, Controller and Auditor-General.

B—l [Pt. IV, Sup. B].

72

GOVERNMENT FIRE INSURANCE FUND. (Established under section 5, Public Revenues Amendment Act, 1912.) Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. Income. To Claims paid— £ s. d. By Contribution in termß of section 5, £ s. d. Pongaroa Post-office .. .. 950 0 0 Public Revenues Amendment Act, Rimu Police-station.. .. .. 150 0 0 1912 .. .. .. .. 10,000 0 0 Land and Deeds Office .. .. 204 2 0 Public Trust Office—lnterest at ComPapakura Post-office .. .. 15 0 0 mon Fund rate on balance at credit 2,502 13 10 Woodville Post-office .. .. 58 8 4 Balance, excess of expenditure over Mercer Police-station .. .. 150 0 0 income.. .. .. .. 3,152 5 2 Dargavillc School .. .. .. 198 17 4 Dargaville School—Rent .. .. 17 10 3 Onehunga School . . . . . . 245 0 2 Taumarunui School .. .. 290 10 0 Crofton School .. .. .. 33 0 8 Kaitoke School .. .. .. 180 0 0 Main South Road School .. .. 34 14 0 Marton Junction School . . . . 442 13 6 Paki Paki School .. .. .. 202 10 3 Waipukurau School .. .. 1,750 0 0 Te Horo School .. .. .. 1,040 0 0 Tua Marina School .. .. .. 1,531 0 0 Waimea West School .. .. 10 0 0 Awatuna School .. .. .. 167 10 0 Awatuna School—Rent .. .. 12 0 0 Kanieri School .. .. .. 11l 15 1 Mangamaumu School .. .. 15 0 0 Mayficld School .. .. .. 400 0 0 Orari School .. .. .. 500 0 0 Orari School—Rent .. .. 20 0 0 Akatoro School .. .. :. 310 0 0 Fernhills School .. .. .. 09 2 2 Gore School .. .. .. 309 17 10 Mataura School .. .. .. 4,500 0 0 Tokomaru Bay School .. .. 91 10 10 Horoera Native School .. .. 10 0 14,017 14 5 Claims due but not paid £ s. d. 31st March, 1924 .. 27,004 14 7 Less claims due but not paid 31st March, 1923 25,367 10 0 1,637 4 7 £15,054 19 0 £15,05-4 19 0 Balance-sheet as at 31st March, 1924. Liabilities. A ssets. Accumulated fund as at 31st £ s. d. £ s. d. Amount invested in the Common Fund of £ s. d. March, 1923 .. .. 21.457 19 9 the Public Trustee (earning interest at Deduct excess of expenditure 4| per cent.) ~ ~ .. 45,310 9 2 over income, 1923-24 .. 3,152 5 2 Accumulated fund as at 31 st March, 1924 .. .. 18,305 14 7 Claims due but not paid .. .. 27,004 14 7 £45,310 9 2 £45,310 9 2 R. E. Hayes, 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, except that payments on account of losses of furniture and equipment have been charged to the fund contrary to law. —G. F. C, Campbell, Controllor and Auditor-General.

73

B.—l [Pt. IV, Sup. B].

LABOUR DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. 28,708 5 1 By Penalties imposed by the Court in Travelling allowances and expenses .. 5,003 14 4 actions brought for breaches of the Overtime and tea-money .. .. 16 1 0 Industrial Conciliation and ArbitraPrinting and stationery .. .. 2,077 17 11 tion Act and Labour Disputes InTelephone services .. .. 375 8 0 vestigation Act .. .. 865 15 0 Postage, telegrams, and rent of letter- Sale of publications .. .. 306 10 0 boxes .. .. .. 1,254 9 2 Factory registration foes .. .. 3,684 5 0 Repairs to and rates on dwelling-house 94 17 10 Rent of house .. .. .. 70 17 7 Rent of office accommodation .. 3,121 011 Servants' Registry Office registration Depreciation (amount added to re- fees .. .. .. .. 42 0 0 serves) .. .. .. 806 13 1 Weights and measures verification fees 2,755 12 9 Fees to assessors on Conciliation Coun- Sales of scales, &c, seized under the oils .. .. .. .. 916 16 5 Weights and Measures Act .. 16 18 0 Freight, cartage, and transport charges 50 4 7 Excess of expenditure over income Law-costs .. .. .. 177 4 5 before charging interest carried Sundry office expenses .. .. 61 8 1 down .. .. .. .. 37,047 11 4 Fuel and lighting services .. .. 180 4 2 Cost of special typewritten reports under the Industrial Conciliation and Arbitration Act .. .. 12 9 0 Advertising .. .. .. 388 8 2 Allowances to police and other officers acting as departmental agents .. 930 19 6 Typewriter repairs . . .. 34 8 5 Motor-car, motor-cycle, and bicycle maintenance and repairs .. 373 10 10 Commission on sale of publications .. 63 10 10 Miscellaneous expenses .. .. 20 3 5 Audit of accounts of industrial unions under section 3 (2) of the Industrial Conciliation and Arbitration Act, 1922 .. .. .. .. 115 14 0 £44,795 9 8 £44,795 9 8 £ s. d. £ s. d. To Excess of expenditure over income By Excess of expenditure over income before charging interest brought after charging interest .. .. 37,507 1 1 down .. .. .. .. 37,047 11 4 Interest on capital .. .. 459 9 9 £37,507 1 1 £37,507 1 1 Balance-sheet as at 31st March, 1924. Liabilities. Assets. Capital funds—Liability to Treasury on £ s. d. Cash — £ s. d. £ s. d. Capital Account .. .. .. 10,210 16 8 In hand .. .. 19 6 11 Sundry creditors — Deposit Accounts .. 135 0 3 Factory registration fees re- £ s. d. 154 7 2 ceived in advance .. 1,908 7 0 Official stamps .. .. .. 135 10 6 Sundry unpaid accounts .. 1,302 1 7 Sundry debtors .. .. .. 1,172 10 4 Unclaimed wages, &c. .. 310 7 7 Office furniture, fittings, and — 3,520 10 2 typewriters .. ..4,991 5 10 Deposits— Purchased .. .. 239 0 2 Arrears of wages .. 132 2 3 Factory registration fees .. 0 15 0 5,230 12 0 Miscellaneous .. .. 2 3 0 Sold .. .. .. 9 17 135 0 3 5,221 10 5 Reserves for bad and doubtful debts .. 891 19 11 Motor-cycles, cars, and bicycles 820 7 0 Depreciation Reserve .. .. .. 2,229 19 8 Purchased .. .. 1,127 13 2 Treasury Adjustment Account .. .. 34,217 10 0 1,948 0 8 Sold .. .. .. 308 0 0 1,640 0 8 Departmental libraries .. 1,120 0 1 Additions .. .. 30 12 9 1,150 12 10 Freehold premises. . .. .. 900 0 0 Standard weights and measures .. .. 2,379 3 3 Purchased ... .. 245 9 0 2,024 12 3 Printed forms, stationery and stores on hand 422 13 9 Subscriptions and other payments made in advance .. .. .. .. 277 9 8 Excess of expenditure over income .. 37,507 1 1 £51,200 8 8 ; £51,206 8 8 F. W. Rowley, Secretary of Labour. 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, except that the accounts include charges against the Department for rent and interest for which the Department possesses no parliamentary appropriation.— G. F. C. Campbell, Controller and Auditor-General.

10 —B. 1 [Pt. IV, Sup. B].

B.—l [Pt. IV, Sup. BJ.

74

LAND AND INCOME TAX DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Advertising, books, &c. .. .. 502 5 3 By Land-tax .. .. ..1,401,785 19 11 Contingencies .. .. .. 39 9 2 Income-tax .. .. .. 3,851,058 11 5 Hire of machines .. .. 1 7 11 Conscience-money .. .. 80 18 0 Law-costs .. .. .. 2,037 2 11 Interest and dividends .. .. 395 11 9 Office requisites (including printing and stationery) .. .. 2,477 7 5 Payment to Customs Department for services of officers .. ' .. 200 0 0 Payment to Post and Telegraph Department for services of officers.. 1,769 18 10 Postages and telegrams .. '.. 2,238 0 5 Repairs and renewals to office equipment .. .. .. 177 1 3 Rent .. .. .. .. 1,702 0 0 Salaries .. .. .. 31,004 15 4 Telephone services .. .. 45 6 6 Temporary assistance .. .. 610 2 2 Travelling allowances and expenses 1,848 8 8 Contribution to Valuation Department .. .. .. 2,626 8 0 Credits to Consolidated Fund— Re D. Finlayson and others .. 50 2 8 Re W. J. and A. W. Entwistle .. 191 12 10 Interest allowed to taxpayers in pursuance of section 184, Land and Income Tax Act, 1923 .. 2,407 1 4 Depreciation on office furniture, fittings, mechanical appliances, and library .. .. .. 444 5 2 Balance carried down .. ..5,202,828 5 3 £5,253,321 1 1 £5,253,321 1 1 £ s d. £ s. d. To Interest on capital .. .. 213 0 0 By Balance brought down .. ..5,202,828 5 3 Excess of revenue over expenditure 5,202,614 19 3 £5,202,828 5 3 £5,202,828 5 3 Percentage cost of collection of revonue, 0-901. Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital—Liability to Treasury, Ist April, Office furniture and fittings 3,260 12 8 1923 .. .. .. .. 4,739 19 2 Add additions during Sundry creditors— £ s. d. year .. .. 142 12 6 Outstanding expenses .. 4,214 1 5 Land-tax* .. .. 0,990 13 2 3,403 5 2 Income-tax* .. .. 17,341 1 3 Less transferred to In--28,551 15 10 ternal Affairs .. 68 3 6 Depreciation reserve.. .. .. 1,238 5 0 3,335 1 8 Suspense Account for default assess- Library .. .. 181 7 0 ments, &c. .. .. .. 150,000 0 0 Additions during year 10 15 6 Excess of revenue over expenditure 5,202,014 19 3 192 3 0 Office appliances .. 1,297 19 0 Additions during year 315 17 0 1,613 16 0 5,141 1 2 Forms and stationery . . .. 984 5 9 Official stamps .. .. 33 10 11 Sundry debtors— Land-tax .. .. 337,921 12 8 Income-tax .. .. 398,001 12 9 730,523 5 5 Treasury Adjustment Account .. 4,031,801 5 7 Cash in hands of Postoffice, 31st March, 1924— Land-tax .. .. 8,507 10 2 Income-tax .. . . 4,093 14 3 12,601 10 5 £5,387,144 19 3 £5,387,144 19 3 * Includes amounts paid in advance and overpayments, subject to adjustment. Contingent liability in respect of bills discounted by Bank of Now Zealand, £32,318 lis. 9d. D. G. Clark, Commissioner of Taxes. 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, except that the accounts include charges against the Department for rent and interest for which the Department possesses no parliamentary authority.- -G. F. C. Campbell, Controller and Auditor-General.

B.—l [Pt. IV, Sup. B].

75

MAIN HIGHWAYS ACCOUNT.—REVENUE FUND. Income and Expenditure Account from Ist January, 1922, to 31st March, 1924. Expenditure. £ s. d. £ s. d. . Income. £ s. d. To Cost of preliminary investi- By Receipts from tire-tax under sections gations and administration 13 and 14 of the Main Highways of the fund— Act, 1922 .. .. .. 249,907 3 3 Fees and travelling-expenses Interest on investments .. .. 8,335 18 9 of members of the Board 525 11 11 Salaries of Government officers .. .. .. 768 12 7 Travelling-expenses of Government officers .. 147 19 4 Printing, postages, and miscellaneous expenses .. 9 3 10 1,451 7 8 Balance .. .. .. 256,791 14 4 £258,243 2 0 £258,243 2 0 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. Excess income over expenditure .. 256,791 14 4 Cash in Treasury— £ s. d. £ s. d. Sundry creditors .. .. .. 420 12 11 At call .. .. 12,081 7 3 Temporarily invested until required .. 237,000 0 0 249,081 7 3 Tire-tax receipts collected but not transferred to Main Highways Account at 31st March, 1924 .. .. .. 5,247 3 7 Interest accrued on investments at 31st March, 1924 .. .. .. 2,214 18 8 Value of furniture at cost .. .. 08 17 9 £257,212 7 3 £257,212 7 3 J. J. Gibson, Accountant, Public Works Department. P. S. Waldie, for Chairman, Main Highways Board. 1 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. —G. F. C. Campbell, Controller and Audi tor-General. NATIONAL ENDOWMENT TRUST ACCOUNT. Statement of Receipts and Payments for the Year ended 31st March, 1924. Receipts. £ s. d. Payments. £ s. d, To Balance in Public Account at Ist By Miscellaneous sundry creditors .. 18 13 April, 1.923 .. .. .. 1,399 15 6 Balance at 31st March, Receipts from sales of land .. 8,025 2 6 1924— £ s. d. Cash in Public Account .. .. 3,000 16 9 Investment Account 7,000 0 0 10,006 16 9 £10,024 18 0 £10,024 18 0 Interest on Sales (under Section 11, Land Laws Amendment Act, 1920) Account. £ s. d. £ s. d. To Balance to accumulated funds .. 419 17 6 By Interest on sales .. .. .. 419 17 0 £419 17 0 £419 17 6 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets, £ s. d. Accumulated funds .. .. .. 19,633 17 5 ' Unpaid purchase-money (not yet payable) 9,619 18 0 Sundry creditors — ! Sundry debtors for deferred payments Interest paid in advance .. .. 26 16 9 instalment (section 11, sales) .. 9 8 7 Miscellaneous .. .. • • 110 4 Miscellaneous sundry debtors .. .. 20 0 8 Investment Account .. .. .. 7,000 0 0 Cash in Public Account .. .. 3,000 10 9 £19,662 4 6 £19,662 4 6 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Chief Accountant. I hereby certify that the Interest Account, Statement of Receipts and Payments, and balancesheet have been duly examined and compared with the copies of journal entries of the District Land Boards submitted for audit, and correctly state the position as disclosed thereby. The Interest Account includes interest due for the period Ist January, 1923, to 31st December, 1923. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [Pt. IV, Sup. B].

76

NEW ZEALAND CONSOLS ACCOUNT. Receipts and Payments Account to 31st March, 1924. Receipts. £ s. d. Payments. £ s. d. To Deposits inscribed .. .. 554,621 1 1 By Investment Account '.. .. 475,985 0 0 Fees received .. .. .. 13 8 0 Redemptions .. .. .. 78,629 7 1 Interest on credit balances .. 497 19 7 Interest on loans .. .. 482,411 19 4 Interest on investments.. .. 476,949 8 9 Charges and expenses .. .. 794 2 6 Treasury Adjustment Account .. 5,745 5 6 Cash in Deposit Account .. 6 14 0 £1,037,827 2 11 £1,037,827 2 11 £ s. d. To Balance .. .. ~ 6 14 0 Income and Expenditure Account to 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Interest on loans.. .. .. 482,411 19 4 By Fees received .. .. .. 13 8 0 Charges and expenses .. .. 794 2 6 Interest on credit balances .. 497 19 7 Interest accrued on loans .. .. 3,072 2 0 Interest on investments .. .. 476,949 8 9 Interest due and unpaid .. .. 34 8 9 Interest accrued on investments .. 3,488 7 9 Balance—Net loss .. .. 5,363 8 6 £486,312 12 7 £486,312 12 7 £ s. d. To Balance .. .. .. 5,363 8 6 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Deposits inscribed— Investment Account .. .. 475,985 0 0 New Zealand Consols Act, 1908, 3£ per Cash in Deposit Account .. .. 614 0 cent. .. .. .. .. 6,845 0 0 Interest accrued on investments .. 3,488 7 9 New Zealand Consols Act, 1908, 4 per Income and Expenditure Account —Net cent. .. .. .. .. 469,146 14 0 excess of expenditure over income Interest accrued on loans .. .. 3,07220 since inception of New Zealand Consols Interest due and unpaid .. .. 34 8 9 Account .. .. .. .. 5, 303 8 6 Treasury Adjustment Account .. 5,745 5 0 £484,843 10 3 £484,843 10 3 R. E. Hayes, 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.—G. F. C. Campbell, Controller and Auditor-General.

NEW ZEALAND GOVERNMENT RAILWAYS. Capital Account as at 31st March, 1924.

B.—l [Pt. IV, Sup. B].

General Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. Capital Account—Balance at credit thereof .. .. .. .. 159,075 7 0 Construction— £s.d.£ s. d. Sundry creditors (including unpaid wages) .. .. .. .. .. 263,254 1 4 Stores and materials on hand .. .. .. 102,305 8 0 Collections for refunds to Harbour Boards, shipping companies, and other carriers 31,999 18 3 ' Sawmills and equipment .. .. .. .. 56,769 19 0 Treasury Adjustment Account .. .. . .. .. .. .. 1,554,757 19 6 159,075 7 0 Surplus cash at stations .. .. .. .. ' .. .. .. 69 0 1 Working Railways— Sawmills, Stocks of timber, &c. .. .. .. 249,646 2 8 2,009,156 6 2 Less Reserve Account .. .. .. .. 24,681 2 3 Balance of Net Revenue. Account . .. .. .. 31,802 1 5 224,965 0 5 Stores and material on hand .. .. .. 590,700 17 8 815,665 18 1 Sundry debtors .. .. .. .. .. .. .. 88,310 2 0 Railways Improvement Authorization Act 1914 Account—■ Cash in Public Account .. .. .. .. 25,475 9 1 Investments .. .. .. .. .. 806,000 0 0 831,475 9 1 Outstandings at stations— Cash in hand .. .. .. .. .. 13,248 11 6 Freights, &c. .. .. .. .. 133,182 19 11 146,431 11 5 £2,040,958 7 7 £2,040,958 7 7 L. Hamann, Chief Accountant.

77

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B.—l [Pt. IV, Sup. B].

78

NEW ZEALAND GOVERNMENT RAlLWAYS— continued. Working-expenses and Revenue Account for the Year ended 31st March, 1924. To Working-expenses— By Revenue — £ s. d. Maintenance of way, works, and £ s. d. Passengers, ordinary .. .. 2,133,268 5 1 buildings .. .. .. 1,143,281 10 7 Season tickets .. .. '212,380 2 4 Signal and electrical works .. 70,911 11 5 Parcels, luggage, and mails .. 405,657 11 4 Locomotive power .. .. 1,893,155 18 5 Goods .. .. .. 3,949,586 17 10 Carriages and wagons—Repairs and Miscellaneous .. .. .. 136,945 16 3 renewals .. .. .. 550,902 5 11 Refreshment-room services .. 5,000 0 0 Traffic expenses .. .. 1,530,651 15 1 Rents and commission .. .. 125,065 17 2 Head Office .. .. .. 58,997 16 2 Advertising at stations .. .. 7,433 16 10 Departmental offices .. .. 145,409 110 Lake Wakatipu steamers .. 8,872 5 0 Lake Wakatipu steamers .. 10,455 13 0 Total working-expenses .. 5,403,765 12 5 Balance .. .. .. 1,580,444 19 5 £6,984,210 11 10 £6,984,210 11 10 Net Revenue Account for the Year ended 31st March, 1924. To Interest for the year 1923-24 on By Net earnings for the year after £ s. d. cost proportionately to the time payment of working-expenses .. 1,580,444 19 5 during which lines taken over within the year were revenueearning— £ s. d. 3| per cent, on £41,297,144 .. 1,548,642 18 0 Surplus for the year .. 31,802 1 5 £1,580,444 19 5 £1,580,444 19 5 Working-expenses and Revenue Account (Advertising Branch), Year ended 31st March, 1924. Working-expenses. £ s. d. £ s. d. Revenue. £ s. d. To Office—Salaries, wages, al- By Advertising, signs, printing,J&c. .. 23,675 6 9 lowances, stores, station- Sale of poster stamps .. .. 48 15 0 ery, and other charges.. 3,237 9 0 Advertisements in special time-tables 349 10 4 Linemen — Wages, allowances, and stores .. 2,055 2 10 Working-expenses of studio —Wages, material, &c... 6,490 0 9 Canvassers—Salaries, commission, and allowances 2,996 19 1 Making and repairing advertisements .. .. 856 19 5 Repairs to building and plant .. .. 205 7 5 15,841 18 6 Railway revenue— Rent .. .. 196 0 0 Commission on collections 601 16 9 797 16 9 Total working-expenses .. .. 16,639 15 3 Balance carried to General Revenue Account 7,433 16 10 £24,073 12 1 £24,073 12 1 Working-expenses and Revenue Account (Refreshment-room Services), Ybar ended 31st March, 1924. Working-expenses. £ s. d. Revenue. £ s. d. To Salaries and wages .. .. .. 28,027 5 9 By Balance brought forward, Ist April, Provisions consumed .. ..42,140 2 8 1923 .. .. .. .. 5,580 1 9 Renewals to replace crockery broken Total receipts from sale of provisions, and lost.. .. .. .. 2,613 7 2 &c, in refreshment-rooms.. .. 96,341 13 8 Rail freights .. .. .. 2,736 13 2 Lighting, fuel, and water .. .. 1,857 5 5 Rents .. .. .. .. 5,586 14 3 Repairs and maintenance of refreshmentrooms including expenditure on buildings, furniture, and plant .. .. 11,851 0 9 Depreciation .. ' .. .. 808 9 0 Miscellaneous .. .. .. 1,300 17 3 Total working-expenses .. .. 96,921 15 5 Balance carried to General Revenue Account 5,000 0 0 £101,921 15 5 £101,921 15 5

B.—l [Pt. IV, Sup. B].

79

NEW ZEALAND GOVERNMENT RAlLWAYS—continued. Working-expenses and Revenue Account (Lake Wakatipu Steamer Service), Year ended 31st March, 1924. Working-expenses. £ a. d. Revenue. £ s. d. To Wages and services .. .. 7,361 0 10 By Ordinary passengers .. .. 3,730 3 9 Stores and material.. .. .. 2,965 6 3 Season tickets .. .. .. 220 17 0 Miscellaneous .. .. .. 129 5 11 Parcels, luggage, and mails .. .. 1,174 8 6 Goods .. .. .. .. 3,626 5 0 Miscellaneous .. .. .. 22 2 5 Rents and commission .. .. 98 710 Total revenue .. ... .. 8,872 5 0 Balance .. .. .. .. 1,583 8 0 £10,455 13 0 £10,455 13 0 Railway Sawmills and Bush Accounts. —Trading, and Profit and Loss Account for Year ended 3 Ist March, 1924. To Stock of timber, firewood, and logs £ s. d. By Sales, issues, and £ s. d. £ s. d. on hand at Ist April, 1923 .. 126,940 15 7 transfersPurchases-— £ s. d. Timber .. 1.29,246 5 1 Timber .. 80,332 2 0 Firewood .. 5,649 2 2 Eirewood .. 4,299 11 6 Logs.. .. 7,477 2 3 Logs.. .. 14,776 2 6 142,372 9 6 ■ 99,407 16 0 Stocks on hand at Royalty payments .. .. 8,699 17 9 31st March, 1924— Wages .. .. .. .. 27,345 16 0 Timber .. 130,645 13 0 Salaries and miscellaneous expenses 13,495 11 6 Firewood .. 281 2 0 Balance to Reserve Account .. 3,558 11 9 Logs .. .. 5,329 15 5 136,256 10 5 Rents .. .. .. .. 819 8 8 £279,448 8 7 £279,448 8 7 L. Hamann, Chief Accountant. I hereby certify that the balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly set out the position as disclosed thereby. The Audit Office is of opinion that —(I) The rate of interest provided in the Net Revenue Account, 3f per cent., is insufficient; (2) provision for Depreciation and Renewal Reserve Funds should be made ; (3) credit should be taken for all services which are at present wholly or partially provided gratuitously for other Government Departments ; (4) no charge is included for interest on capital provided out of revenue for sawmills; (5) £163,871 expended by Public Works Department on Kaikohe-Okaihau Section is not included in the Capital Account owing to the fact that the amount was omitted from the statement supplied by Public Works Department, and correct particulars were not furnished until after Railway returns had been gazetted ; (6) the provisions of section 11, subsection (2), of Finance Act, 1922, regarding the writing-off of stores by Parliament have not been fully complied with. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, Sup. B].

80

DISCHARGED SOLDIERS SETTLEMENT DEPRECIATION FUND ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1924. Receipts. £ s. d. Payments. £ s. d. To Balance (cash in Public Account) .. .. 5,939 6 8 By Investment Account '.. .. .. 63,000 0 0 Transfer from Consolidated Fund .. .. 50,000 0 0 Balance (cash in Public Account) .. .. 1,393 14 1 Interest on investments .. .. .. 6,613 10 2 Sale of investments (cost £1,750) .. .. 1,840 17 3 £64,393 14 1 £64,393 14 1 To Balance (cash in Public Account) .. ..£1,393 14 1 Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. • Income. £ s. d. To Excess of income over expenditure .. .. 7,198 2 1 By Interest on investments .. .. .. 4,955 9 2 Accrued interest on investments .. .. 2,242 12 11 £7,198 2 1 £7,198 2 1 Balance-sheet as at 31st March, 1924. Liabilities. Assets. £ s. d. Capital Account— £ s. d. £ s. d. Investments .. .. .. .. 211,250 0 0 Transfers from Consolidated Fund 200,000 0 0 Accrued interest on investments .. .. 2,242 12 11 Profit on sale of investments .. 90 17 3 Cash in Public Account .. .. .. 1,393 14 1 200,090 17 3 Income and Expenditure Account— 31st March, 1923 .. .. 7,597 7 8 31st March, 1924 .. .. 7,198 2 I 14,795 9 9 £214,886 7 0 £214,886 7 0 R. E. Hayes, 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.—G. F. C. Campbell, Controller and Auditor-General.

81

B.—l [Pt. IV, Sup. B].

DEFENCE DEPARTMENT. Headquarters General Activities Revenue Account for the Year ended 31st March, 1924. Dr. £ s. d, Or. £ s. d. To Pay, military and civil .. .. .. .. 46,816 510 By Rent of houses, quarters, drill-halls and Grants for rifle meeting and purchase and engraving of offices, and interest on mortgage .. 4,307 15 5 medals .. .. ~ ~ . . 671 1.7 0 Departmental rental value of buildings Medical examination, attendance, and hospital charges. . 186 7 8 occupied .. .. .. 36,132 2 9 Advertising, printing, stationery, postages, repairs, and Grazing-rights on rifle ranges .. 1,182 13 10 washing .. .. .. .. 4,707 15 4 Sale of canteen rights .. .. 7 0 0 Maintenance, repairs and hire of drill-halls, offices and Receipts for electric current .. 454 3 6 buildings, grounds boat-sheds and launches (including Fines, Territorials and Cadets .. 65 14 8 departmental rental value of buildings occupied) .. 26,607 11 1 Excess of expenditure over income Compensation and special allowances, guards of honour, (carried down) .. .. .. 87,475 I) (i and funeral expenses .. .. .. .. 40 6 9 Cost and upkeep of targets and rifle ranges .. .. 295 7 10 Rations, fuel, light, and water .. .. .. 2,220 0 2 Courts of inquiry, and rewards to the Police Force .. 9 15 4 Travelling-expenses, railway and steamer fares, freights and cartage .. .. .. .. .. 8,782 4 9 Horse-hire, and maintenance of horses .. .. 307 13 7 Clothing, stores, and ammunition .. .. .. 5,755 10 7 Use of vessels for Defence purposes .. .. .. 452 10 0 Pay, passages, and expenses of officers and Cadets abroad on duty .. .. .. .. ~ 6,473 9 7 Expenses in connection with wireless sets .. .. 84 13 2 Refunds of Customs duty .. .. .. .. 126 1 10 Reward for proficiency in languages (Hindustani) .. 13 10 0 National Rifle Association. Pay (military) of Staff on loan for annual meeting .. 50 0 6 Small-arms ammunition supplied .. .. .. 660 17 2 Contribution towards railway fares .. .. .. 326 II 7 Repairs and upkeep of targets and rifle ranges .. 149 7 3 Departmental rental value of buildings occupied and electric light supplied .. .. .. .. 30 3 0 Miscellaneous charges .. .. .. .. 45 1 9 Itijle Clubs. Share of pay of military staffs .. .. .. 750 0 0 Railway fares .. .. .. .. .. 286 6 7 Small-arms ammunition issued at less than cost price .. 5,129 18 4 Cost and upkeep of targets and maintenance of rifle ranges .. .. .. .. .. .. 44 2 11 Bent of departmental buildings .. .. .. 281 16 I Miscellaneous charges .. .. .. .. 102 1 3 Non-effective Services. Pay of officers, non-commissioned officers, and men on retirement .. .. .. .. .. 7,787 5 9 Compassionate allowance to the widow of the late Captain E. C. Dovey .. .. .. .. 200 0 0 Grant to Miss Hester MacLean . . .. .. 250 0 0 Compensation Miss M. D. McKay .. .. .. 126 2 6 Grant towards pageant .. . . .. .. 200 0 (I Payment to Lieut.-Colonel H. E. Avery for special work 58 12 7 Salary, H. L. Jenkins, leave, on retirement .. .. 418 4 Depreciation on— £ s. d. Buildings .. .. .. 9.061 14 4 Libraries .. .. .. 30 6 0 Wireless sets .. .. .. 123 1 2 Furniture .. .. .. 375 12 3 9,590 13 9 £129,624 19 8 £129,624 19 8 £ s. d. £ s. d. To Balance brought down .. .. .. .. 87,475 9 6 By Excess of expenditure over income Loss of values in repricing Ordnance stocks in accordance after charging interest on capital .. 221,993 16 6 with War Office rates .. .. .. .. 40,000 0 0 Loss on realization of buildings sold in the Southern Command .. .. .. .. .. 2,804 0 I Interest on capital, one year, on £ s. d. £2,756,245 Bs. 3d. at 4J per oent. 124,031 o 10 Less amount transferred to — Aviation Revenue £ s. d. Aooount .. 518 II o " Lady Roberts " Revenue Account 135 0 0 " Janie Scddon " Revenue Account 168 6 3 Ordnance Revenue Account .. 31,494 16 8 32,316 13 II 91,714 6 11 £221,993 16 6 • £221,993 16 6

11—B. I [Pt. IV, Sup. B].

B.—l [Pt. TV, Sup. B].

82

DEFENCE DEPARTMENT—continued. Territorial Revenue Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Pay, military, civil, and Territorials .. .. .. 50,828 15 4 By Hire of drill-halls .. .. .. 601 911 Clothing, stores, and ammunition .. .. .. 85,960 10 3 Grazing-rights on rifle ranges .. 375 7 4 Medical examination, attendance arid hospital charges .. 735 13 1 Exoesß of expenditure over income ..170,574 19 10 Grants for rifle shooting .. .. . . .. 600 7 5 Advertising, printing, stationery, postages, repairs, and washing .. .. . . .. .. 959 16 8 Maintenance, repairs, and hire of drill-halls, offices and buildings, grounds, boat-sheds and launches, including departmental rental value of buildings occupied .. 12,673 13 11 Compensation and special allowances, guards of honour, &c. 135 510 Cost and upkeep of targets and rifle ranges .. .. 373 0 1 Rations, fuel, light, and water .. .. .. 6,890 9 7 Regimental and bands fund grants .. .. .. 2,385 17 4 Courts of inquiry and rewards to the Police Force . . 96 17 1 Travelling-expenses, railway and steamer fares, freights and cartage .. '.. .. .. .. 9,033 10 2 Horse-hire and maintenance of horses .. .. 517 7 9 Hire of vessel towing targets and transporting troops .. 160 9 8 Maintenance of wireless sets .. .. .. 18 5 4 Depreciation on— £ s. d. Furniture . . .. .. .. 140 9 6 Wireless sets .. .. .. 41 8 I 181 17 7 £171,551 17 1 £171,551 17 1 Cadets Revenue Account for the Year ended 31 st March, 1.924. Dr. £ s. d. Or. £ s. d. To Pay, military and civil .. .. .. .. 34,802 12 11 By Hire of drill-halls, &c. .. .. 660 1 2 Clothing, stores, and ammunition .. .. .. 27,352 17 9 Grazing rights on rifle ranges .. 480 18 0 Grants for rifle shooting .. .. .. .. 841 6 1 Excess of expenditure over income .. 80,064 13 11 Medical examination, attendance, and hospital charges 115 15 2 Advertising, printing, stationery, postages, repairs, and washing .. .. .. .. .. 1,264 13 1 Maintenance, repairs, and hire of drill-halls, offices and buildings, grounds, boat-sheds and launches, including departmental rental value of buildings occupied . . 7,483 17 II Compensation and special allowances, guards of honour, &C. ~ .. .. .. .. . . 8 0 0 Cost and upkeep of targets and rifle ranges . . .. 456 2 8 Rations, fuel, light, and water .. .. .. 2,305 19 0 Regimental and bands fund grants . . .. .. 1,166 2 10 Courts of inquiry and rewards to the Police Force .. 147 6 7 Travelling-expenses, railway and steamer fares, freights and cartage .. .. .. . . .. 4,964 1 5 Horse-hire and maintenance of horses .. .. 25 7 0 Depreciation on furniture .. .. .. .. 271 10 8 £81,205 13 1 £81,205 13 1 Army Ordnance Stores Revenue Account for the Year ended 31st March, 1924. £ s. d. £ s. d To Pay, military .. .. .. .. .. 32,005 4 0 By Hire of stores, See. .. .. 233 19 3 Medical examination, attendance, and hospital charges 30 12 I Excess of expenditure over income Advertising, printing, stationery, postages, repairs, and (carried down) .. .. .. 41,673 2 5 washing .. .. .. .. .. 1,395 13 5 Maintenance, repairs and hire of offices and buildings, and departmental rental value of buildings occupied.. 3,432 0 11 Courts of inquiry .. .. .. .. 0 5 0 Rations, fuel, light, and water . . .. .. 623 211 Travelling-expenses, railway and steamer fares, freights, and cartage .. .'. .. .. .. 3,859 13 7 Cost and upkeep of targets and rifle ranges .. .. 3 19 4 Maintenance of horses .. .. .. .. 24 8 11 Clothing and stores consumed .. .. .. 297 3 5 Depreciation on furniture .. .. .. .. 234 18 1 £41,907 1 8 £41,907 I. 8 £ s. d. £ s. d. To Balance brought down ... .. .. .. 41,673 2 5 By Excess of expenditure over income Interest on capital, one year on £699,885 ss. Id. at 4| after charging interest on capital .. 73,167 19 1 percent, ~ ~ ~ .. •• 31,494 16 8 £73,167 19 1 £73,167 19 1

83

B.—l [Pt. IV, Hup. B].

DEFENCE I>E PARTMENT— continued. Aviation Revenue Account for the Year ended 31st March, 1924. Dr. £ g , d. Or. £ s. d. To Pay, military, flying, and casual-duty flights. . .. 2,202 2 9 By License fees for pilots .. .. 0 5 0 Advertising, printing, stationery, and postages . . 30 111 ' Receipts from passenger flights .. 273 10 0 Travelling-expenses, railway and steamer fares, freights Excess of expenditure over income and cartage .. .. .. .. ' .. 240 5 8 (carried down) .. .. .. 12,320 19 10 Expenses and upkeep-of Government maohines .. 2,462 .10 8 Subsidies to aviation companies .. .. .. 1,362 16 8 Pay, travelling, and other expenses of refresher course for pilots . . . . .. .. .. 1,162 5 8 Departmental rental value of grounds and buildings occupied .. .. ~ .. .. 2,080 10 5 Misccllaneous charges .. ... .. .. 292 14 9 Depreciation on— £ s. d. Aircraft machines and spares .. 2,614 12 3 Armament .. .. . . 140 2 6 Furniture .. .. .. 6 2 5 2,760 17 2 £12,594 14 10 £12,594 14 10 £ s. d. £ s. d. To Balance brought down .. .. .. .. 12,320 19 10 By Excess of expenditure over income Interest on capital, one year on £11,523 7s. 2d. at after charging interest on capital .. 12,839 10 10 4t! percent. .. .. .. ..' .. 518 11 0 £12,839 10 10 £12,839 10 10 " Janie Seddon " Launch Revenue Account for the Year ended 31st March, 1921. Dr. £ s. d. I Or, £ s. d. To Pay, military and overtime .. .. .. 1,595 11 1 By Hire of vessel .. .. .. 1,472 3 6 Paint, oil, and stores .. .. .. .. 106 7 5 Transport of troops, lightering and Fuel and water .. .. .. .. .. 334 0 I I towing targets .. . . . . 283 9 8 Maintenance, repairs, dues, &c. .. .. .. 147 0 10 Excess of expenditure over income Depreciation on vessel .. .. .. .. 223 9 6 (carried down) .. .. .. 651 2 7 £2,406 15 9 £2,406 15 9 £ s. d. £ s. d. To Balance brought down .. .. .. .. 651 2 7 By Excess of expenditure over income Interest on capital, one vear on £3,740 Os. Id. at 4.1 per after charging interest on capital .. 819 810 cent. .. .. .. .. .. 168 6 3 £819 8 10 £819 8 10 "Lady Roberts "* Launch Revenue Account for the Year ended 31st Marco, 1.924. Dr. £ s. d. Or. £ s. d. To Pay, military, and overtime .. .. .. 191 15 11 By Hire of vessel .. .. .. 132 2 1 Paint, oil, stores, &c. .. .. .. .. 23 4 10 Transport of troops and towing targets 88 15 0 Fuel .. .. • • •. • • 43 13 0 Excess of expenditure over income Maintenance, repairs, &c. .. .. .. .. 2 Hi 6 (carried down) .. .. .. 40 13 2 £261 10 3 £261 10 3 £ s. d. £ s. d. To Balance brought down .. .. .. .. 40 13 2 By Excess of expenditure over income Interest on capital, one year on £3,000 at per cent. 135 0 0 after charging interest on capital .. 175 13 2 £175 13 2 £175 13 2 * As from Ist July, 1923, the " Lady Roberts " is mi loau to the Samoau Administration.

B.—l [Pt. IV, Sup. B].

84

DEFEN( !E DEPARTMENT—conimMd. Balance-sheet as at 31st March, 1924. Liabilities. Assets. £ s. d. £ s. d. Capital funds— £ s. d. £ s. d. Public Works Fund — Liability to Treasury Land and buildings .. .. 601,243 4 5 Ist April, 1923 .. 2,708,567 17 11 Additions .. .. .. 109,589 Hi 4 Value of gifts from Imperial Govern- 710,833 0 9 ment .. .. 47,677 10 4 Less Buildings Suspense Account .. 2,804 0 I 2,756,245 8 3 708,029 0 8 Treasury Adjustment Account .. 1,470,079 12 5 Mortgage on building— . Depreciation Reserve Account .. 31,741 19 9 Invercargiil .. .. .. 400 0 0 Stores Depreciation Reserve Account .. 381,441 4 0 Less repayment .. .. 200 0 0 Nelson Province Rifle Prize Fund .. 1,134 0 0 ! 200 0 0 Rents received in advance .. .. 282 9 9 Advance to the New Zealand Flying Sundry creditors .. .. .. 23,190 610 School .. .. .. .. 4,850 0 0 Consolidated Fund— Armament and small-arms ammunition .. .. .. .. .. 738,025 6 3 » Ordnance stocks at vocabulary figures 2,237,842 0 7 Less Stock Suspense Account .. 419 16 6 2,237,422 4 1 Less Stock Adjustment Account .. 40,000 0 0 2,197,422 4 1 A.S.C. supplies .. .. .. .. 165 14 4 Unit equipment and stocks .. 466,401 1 4 Less Stock Suspense Account .. 2,464 3 3 463,936 18 1 Less depreciation and stocks consumed .. .. .. 104,012 5 5 359,924 12 8 Stationery and publications .. .. 620 6 0 Libraries .. .. .. 540 14 9 Additions .. .. .. 184 12 0 725 6 9 Defence vessels and stores .. .. 6,740 6 1 Aerial machines and spares .. 43,920 5 0 Additions .. .. .. 12,245 5 7 56,165 10 7 Less depreciation and spares consumed .. .. .. 4,453 6 6 51,712 I I Oil and spirits (aircraft) .. .. .. 2,595 13 9 Wireless sets .. .. .. .. 1,693 2 10 Furniture .. .. .. .. 22,351 1 7 Live-stock—Horses at valuation .. .. 279 16 7 Nelson Province Rifle Prize Fund Investment Account .. .. 1,000 0 0 Deposits Account .. .. 134 0 0 1,134 0 0 Sundry debtors .. .. .. 5,1.48 14 7 Rents accrued .. .. .. 221 1 4 5,369 15 II Value unexpired portion railway passes. &c. .. 1,753 2 5 Stamps .. .. .. .. .. 293 4 10 Recoverable items of expenditure .. .. 600 0 0 Excess of expenditure over income— Aviation Revenue Account .. 12,839 10 10 Headquarters General Activities Revenue Account .. .. 221,993 Hi 6 Territorial Revenue Account .. 170,574 19 10 Cadet Revenue Account .. 80,064 13 11 Army Ordnance Stores Revenue Account .. .. .. 73,167 19 1 " Janie Seddon " Revenue Account 819 8 10 " Lady Roberts " Revenue Account 175 13 2 559,636 2 2 £4,664,121 1 0 £4,664,121 1 0 H. M. Griffen, Lieut.-Oolonel, Director of Financial Services. Guy C. Pelton, Captain, Accountant. I hereby certify that the Revenue Accounts 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, except that —(I) The accounts include charges against the Department for rent, interest on capital, and £935,048, the value of assets taken over from War Expenses Account, for which there is no appropriation of Parliament, and also credits for rents for which the Departments concerned possess no parliamentary appropriation ; (2) the reduction of £40,000 in value of equipment stocks is as estimated by the Chief Ordnance Officer. —G. F. C. Campbell, Controller, and Auditor- General.

B.—l [Pt. IV, Sup. B

85

DEPARTMENT OF INTERNAL AFFAIRS. (INCLUDING SUBDIVISIONS 1 TO 10 AND SPECIAL ACTS.) Combined Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. Income. Departmental Administrative Charges. By Revenue— To Salaries— £ s. d. £ s. d. Head Office— Head Office .. .. 26,684 8 3 Censorship of einernato- £ s. d. £ s. d. Registrar-General .. .. 9,446 2 3 graph-films .. .. 1,322 16 2 Census and Statistics .. 13,633 13 0 Passport fees .. .. 1,907 15 2 High Commissioner .. 18,016 15 8 Aliens Act .. .. 442 0 0 Museum .. .. .. 3,006 16 1 By-laws Act .. .. 72 9 0 Dominion Laboratory— Land agents' license fees .. 10,384 12 0 Head Offico .. .. 4,342 11 7 Interest on public moneys .. 35 3 6 Explosives Branch .. 2,233 15 0 Fish-sales.. .. .. 614 7 6 77,364 1 10 Totalizator inspection .. 773 17 6 Commission of Inquiry .. .. .. 691 18 0 Opossum royalty .. .. 6,969 6 10 Fuel .. .. ... .. .. 58 10 1 Sales, miscellaneous .. .150 3 3 Light, power, and water .. .. .. 170 610 . Revenue, miscellaneous .. 86 11 7 Printing and stationery— £ s. d. 22,759 2 6 Head Office .. .. 1,305 17 6 Registrar-General— Registrar-General .. .. 909 9 3 Registration and other fees— Census and Statistics .. 1,314 4 3 Registration of births, 3,529 11 0 deaths, and marriages .. 16,695 3 7 Publications •■ •• ■• •• 031 I 1 Friendly Societies Act .. 57 5 0 Renovation of graves .. .. .. 1,358 7 1 Dentists Act .. .. 39 1 0 Telephones .. .. .. .. 424 2 3 Medical Practitioners Act.. 278 10 0 Travelling-expenses of officers .. .. 1,297 5 1 — 17,069 19 7 Cleaning offices .. .. .. .. 128 8 7 Census and Statistics — Uniforms and overcoats .. .. .. 30 .17 6 Sale of publications.. .. 768 18 3 Totalizators .. .. .. .. 956 15 9 Revenue, miscellaneous .. 4 0 0 Turnbull Library .. .. .. .. 915 10 2 Sales, miscellaneous .. 20 0 0 Animals Protection Act and opossums .. 6,648 1.2 7 792 18 3 Postage— £ s. d. High Commissioner — Registrar-General .. .. 716 15 7 Shipping charges .. .. 210 8 6 (letisus and Statistics .. 824 910 Sales, miscellaneous .. 201 111 High Commissioner .. 1,381 14 1 411 10 5 2,922 19 6 MuseumPayment to Post and 'telegraph Department Sale of publications .. 579 17 3 for services of Postmasters as Registrars of Revenue, miscellaneous .. 34 14 7 Births, &c. .. .. .. .. 2,133 13 0 614 1110 Registration of births, deaths, and marriages .. 1,248 13 8 Dominion Laboratory— Rent of offices — £ s. d. Head Office— Registrar-General .. .. 1,130 5 6 Revenue, miscellaneous .. .. 117 4 0 Census and Statistics .. 500 0 0 Explosives Branch — High Commissioner .. 4,777 8-2 Explosives license fees .. 2,752 0 0 6,407 13 8 Explosives storage fees .. 1,639 13 11 Census .. .. .. .. .. 645 2 6 Magazine revenue .. 1,447 1 6 Collection of statistics .. .. .. 5,390 8 11 5,838 15 5 Printing statistical publications .. .. 4,703 16 0 By Balance carried down .. .. .. 86,019 13 5 Advertising .. .. .. .. 1,520 11 11 Office requisites .. .. .. .. 279 18 0 Refund of income-tax .. .. .. 434 0 0 Expenses of War Section of Museum.. .. 58 18 0 Sundries — £ s. d. Head Office .. .. 2,868 13 5 Registrar-General .. .. 597 18 5 Census and statistics .. 546 9 4 High Commissioner .. 4,247 9 5 Museum .. .. .. 1,854 18 11 Dominion Laboratory— Head Office .. .. 1,458 16 5 Explosives Branch .. 2,098 6 6 13,672 12 5 £133,623 15 5 £133,623 15 5 £ s. d. £ s. d,' To Balance brought down .. .. .. 86,019 13 5 By Balance carried down .. .. ..306,373 2 2 General Public Service Administrative Charges. £ s. d. To Teachers' Superannuation F'und 25,000 0 0 Salaries .. .. .. 65,841 7 9 Fuel for Government offices .. 1,537 10 9 Light, power, and water .. 3,418 16 3 Cleaning offices .. .. 2,039 15 8 Uniforms and overcoats .. 603 2 11 Printing and stationery for Minister's offices .. .. 935 8 9 Travelling allowances and expenses of Ministers .. 4,533 3 2 Travelling allowances and expenses of Private Secretaries to Ministers *.. .. 3,072 16 2 Advertising New Zealand .. 3,797 12 0 Cost of entertaining visitors to New Zealand .. .. 2,830 19 9 New Zealand Gazelle .. .. 3,755 15 8 Railway Superannuation Fund .. .. .. 100,000 0 0 Imperial Conference .. .. 2,327 0 6 Sundries .. .. .. 659 19 5 220,353 8 9 £306,373 2 2 £306,373 2 2

B.—l [Pt. IV, Sup. B].

86

DEPARTMENT OF INTERNAL AFFAlRS—continued. (INCLUDING SUBDIVISIONS 1 TO 10 AND SPECIAL ACTS) —continued. Combined Income and Expenditure Account fob the Year ended 31st March, .1924—continued. Special Acts. £ s. d. £ s. d. £ s. d. To Balance brought down .. .. 306,373 2 2 By Balance carried down .. .. .. 331,749 1 0 To Salaries .. .. .. 22,291 13 3 New Zealand Institute Act .. ] ,000 0 0 Eire Brigades Act .. 2,084 5 7 ■ 25,375 18 10 £331,749 I 0 £331,749 1 0 £ s. d. To Balance brought down .. .. 331,749 I 0 Other Charges. £ s. d. To Eire Brigades Conference .. 1,145 9 3 Cost-of-living bonus to annuitants .. .. .. 37,850 19 5 Compassionate allowances .. 1,750 0 0 Grants .. .. .. 2,784 10 0 Subsidies .. .. .. 4,550 0 0 Relief of sufferers, Japanese earthquake .. .. 25,000 0 0 Sundries .. .. .. 830 3 7 73,911 2 3 £405,660 3 3 - £405,660 3 3 £ s. d. £ s. d. To Balance brought down .. .. 405,660 3 3 By Excess of expenditure over income .. ..414,269 12 0 Rent— £ s. d. Head Office .. .. 1,741 3 0 Museum .. .. .. 298 10 0 Dominion Laboratory — Head Office .. .. 430 0 0 Dominion Laboratory — Explosives Branch .. .. 86 0 0 2,555 13 0 Interest on capital - Head Office . . .. 979 18 0 Registrar-General . . . . 77 3 3 Census and Statistics .. 352 4 1 I High Commissioner . . 480 19 5 Museum . . .. . . 99 7 5 Dominion Laboratory— Head Office .. • . 96 12 8 Explosives Branch . . 370 18 8 2,457 4 4 v Depreciation— Head Office .. • ■ 1,304 9 5 Registrar-General .. .. 133 4 II Census and Statistics .. 766 16 10 High Commissioner .. 833 16 3 Museum .. . . .. 142 0 2 Dominion Laboratory— Head Office .. .. 11112 I. Explosives Branch . . 304 12 3 3,596 11 11 £414,269 12 6 £414,269 12 6

B.—l [Pt. IV, Sup. B].

87

DEPARTMENT OF INTERNAL AFFAlRS— continued. (INCLUDING SUBDIVISIONS 1 TO 10 AND SPECIAL ACTS.) Combined Balance-sheet as at 31st March, 1924. Liabilities. Assets. Fixed capital as at Ist April, 1923— £ s. d. £ s. d. Land— £ s. d. £ s. d. Head Office .. .. .. 75,873 3 II Head Office .. .. .. 50 0 0 Registrar-General .. .. 2,193 12 4 Dominion Laboratory, ExploCensus and Statistics .. .. 7,827 14 0 sivcs Branch '.. .. 2,484 411 High Commissioner .. .. 10,688 3 7 2,534 4 11 Museum .. .. .. 55,358 8 11 Buildings Dominion Laboratory— Bead Office .. .. .. 1,354 Hi 7 Head Office .. .. 2,147 7 5 Dominion Laboratory. ExploExplosives Branch .. .. 8,243 0 (i sivcs Branch '. . .. 5,540 17 S , 162,331 10 8 6,895 14 3 Sundry creditors— Turnbull Library building .. .. 9,292 4 5 Head Office . . .. .. 5,982 10 8 Office furniture and fittings— Registrar-General .. .. 930 9 7 Head Office .. '.. .. 5,191 14 7 Census and Statistics .. .. 714 6 6 Registrar-General .. .. 1,685 0 6 High Commissioner .. .. 417 5 5 Census and Statistics .. .. 580 II 9 Museum .. .. .. 128 12 0 High Commissioner .. .. 6,885 Hi 0 Dominion Laboratory— Museum .. .. .. 621 4 7 Head Office . . .. 208 010 Dominion Laboratory— Explosives Branch . . .. 432 19 2 Head Office ' .. .. 141 11 I ; 8,814 4 2 Explosives Branch .. .. 246 14 4 Depreciation Reserve— 15,352 12 10 Head Office .. .. .. 4,474 2 I Mechanical appliances— Registrar-General .. .. 424 6 7 Head Office .. .. .. 2,738 9 7 Census and Statistics'.. .. 1,668 9 O Registrar-General .. .. 206 911 High Commissioner .. .. 2,111 16 0 Census and Statistics .. .. 7,372 5 0 Museum .. .. .. 501 Hi 2 High Commissioner .. .. 1,892 5 3 Dominion Laboratory— Museum .. . . . . 242 14 3 Head Office . . .. 419 10 0 Dominion Laboratory— Explosives Branch . . .. 693 5 9 Head Office .. .. 13 17 9 10.293 5 7 Explosives Branch .. .. 22 4 6 Loans repaid in advance.. .. .. 19 0 0 12,488 0 3 Treasury Adjustment Account — Photographic apparatus — Head Office .. .. .. 348,350 3 6 Head Office .. .. .. 744 14 4 Census and Statistics .. .. 27,61113 11 Museum .. .. .. 365 10 10 High Commissioner .. .. 30,363 ,3 11 1,110 5 2 Museum .. .. .. 8.180 3 2 LibraryDo mini on Laboratory—Head Head Office .. .. .. 364 5 3 Office .. .. .. 6,179 10 5 Census and Statistics .. .. 55 10 5 ■ — High Commissioner .. .. 1,837 10 0 420,684 14 II Museum .. .. .. 1.001 11 0 L ess Regi s t rar-Ge ne r al, Dominion Laboratory, Head £2,325 Is. lOd. ; Dominion Office .. . . ' .. 521 5 1 Laboratory, Exp 1 o s ives 3,780 I 9 Branch, £1,221 13s. Id. .. 3,546 14 11 Tools.. .. .. .. .. 359 17 10 417,138 0 0 Launches .. .. .. .. 227 19 8 Traps and horses .. .. .. 61 6 8 Motor-vehicles — Head Office .. .. .. 1,897 14 II High Commissioner 1,000 0 0 2,897 14 11 Saleable ] m bl ications— Census and Statistics .. .. 1,802 5 9 Museum .. .. .. 3,530 17 6 5,333 3 3 Motor accessories .. .. .. 3 15 2 Turnbull Library .. .. .. 54,821 2 5 Museum exhibit's .. .. .. 53,558 13 '4 Distillation plant .. .. .. 171 8 10 Laboratory appliances .. .. .. 1,783 17 2 , Explosives appliances . . .. .. 188 0 9 Loan on mortgage (Y.M.C.A.) .. .. 9,149 1 11 Loan on mortgage (W. J. Mather) . . 738 16 11 Imprests outstanding .. .. .. 300 0 0 Sundry debtors — Head Office .. .. .. 2,329 3 2 Registrar-General .. .. 8 10 0 Census and Statistics .. . . 12732 High Commissioner .. .. 400- 0 0 Museum . . . . . . 2 10 0 Dominion Laboratory, Explosives Branch '. . .. 410 13 2 3,277 19 6 Excess of expenditure over income— Head Office .. .. .. 345,077 1111 Census and Statistics .. .. 27,884 7 4 High Commissioner .. .. 31,56] 2 6 Museum . . . . . . 4,845 IS 9 Dominion Laboratory, Head Office .. .. .. 6,322 8 9 415,691 9 3 Less Registrar-General, £676 13s. 9d; Dominion Laboratory, Explosives Branch, £745 3s: .. .. .. 1 .421 16 9 v 414,269 12 6 £598,596 0 5 £598,596 0 5 ,1. Hislop, Under-Secretary. A. W. Pyne, Accountant. I bereby 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, except that the accounts include charges against the Department for rent, interest on capital, furniture, and expenditure on buildings for which the Department possesses no parliamentary appropriation, and a charge for services rendered to the Electoral Department for which that Department possesses no parliamentary appropriation,— Gr. P, C, Campbell, Controller and Auditor-General.

B.—l [Pt. TV, Sup. B].

88

DEPARTMENT OF INTERNAL AFFAlRS—continued. HEAD OFFICE (INCLUDING SUBDIVISIONS 1, 2, 3, 4, 10, AND SPECIAL ACTS). Income and Expenditure Account foe the Year ended 31st March, 1924. Expenditure. Income. Departmental Administrative By Revenue— k i £ s. d. Charges. £ s. d. £ s. d. Cinematograph films, Censorship of .. 1,322 16 2 To Salaries .. .. .. 26,684 8 3 Passport fees .. .. .. .. 1,907 15 2 Commissions of Inquiry .. 691 18 0 Aliens Act .. .. .. .. 442 0 0 Fuel .. . . .. 58 10 I By-laws Act .. .. .. .. 72 9 0 Light, power, and water .. 170 6 10 Land Agents license fees .. .. .. 10,384 12 0 Printing and stationery .. 1,305 17 6 Interest on public moneys .. .. 35 3 (i Publications .. .. 631 1 I Fish sales .. .. .. .. 614 7 6 Renovation of graves .. .. 1,358 7. I Totalizator inspection .. .. .. 773 17 6 Telephones .. .. .. 424 2 3 - Opossum royalty .. .. .. 6,969 6 10 Travelling-expenses of officers .. 1,297 5 1 Sales, miscellaneous .. .. .. 150 3 3 Cleaning offices .. .. 128 8 7 Revenue, miscellaneous .. .. .. 86 11 7 Uniforms and overcoats .. 30 17 6 Totalizators .. .. .. 956 15 9 Turnbull Library .. .. 915 10 2 Animals Protection ActOpossums .. .. 6,648 12 7 Sundries .. .. .. 2,868 13 5 — 44,170 14 2 General Public Service Administrative Charges. To Salaries .. .. .. 65,841 7 9 Fuel for Government offices .. 1,537 10 9 Light, power, and water .. 3,418 16 3 Cleaning offices .. .. 2,039 15 8 Uniforms and overcoats .. 603 2 11 Printing and stationery for Ministers' offices .. .. 935 8 9 Travelling allowances and expenses of Ministers .. .. 4,533 3 2 Travelling allowances and expenses of Private Secretaries to Ministers .. .. .. 3,072 16 2 Advertising New Zealand .. 3,797 12 0 Cost of entertaining visitors to New Zealand .. .. 2,830 19 9 New Zealand Gazelle .. .. 3,755 15 8 Railway Superannuation Fund 100,000 0 0 Teachers' Superannuation Fund 25,000 0 0 Imperial Conference .. .. 2,327 0 6 Sundries .. .. .. 659 19 5 220,353 8 9 Special Acts. To Salaries .. .. .. 22,291 13 3 New Zealand Institute Act .. 1,000 0 0 Fire Brigades Act .. .. 2,084 5 7 — 25,375 18 10 Other Charges. To Firo Brigades Conference .. 1,145 9 3 Cost-of-living bonus to annuitants 37,850 19 5 Compassionate allowances .. 1,750 0 0 Grants . .. .. 2,784 10 0 Subsidies . .. .. 4,550 0 0 Relief of sufferers, Japanese earthquake .. .. 25,000 0 0 Sundries .. .. .. 830 3 7 73,911 2 3 Balance carried down ..341,052 1 6 £363,811 4 0 £363,811 4 0 £ s. d. £ s. d. To Balance brought down .. .. .. 341,052 I 6 By Excess expenditure over income .. .. 345,077 II II Rent .. .. .. .. .. 1,741 3 0 Interest on capital.. .. .. .. 979 18 0 Depreciation .. .. .. 1,304 9 5 £345,077 11 II £345,077 11 11 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Fixed capital as at Ist April, 1923 .. .. 75,873 311 Land .. .. .. .. .. 50 0 0 Sundry creditors .. .. .. .. 5,982 10 8 Buildings .. .. .. .. .. 1,354 16 7 Depreciation Resorve .. .. .. .. 4,474 2 1 Turnbull Library building .. .. .. 9,292 4 5 Loans repaid in advance ~ .. .. 19 0 0 Turnbull Library .. .. .. .. 54,821 2 5 Treasury Adjustment Account .. .. ..348,350 3 (i Office furniture and fittings .. .. .. 5,191 14 7 Mechanical appliances .. .. .. 2,738 9 7 Photographic apparatus .. .. .. 744 14 4 Library .. .. .. .. . . 364 5 3 Tools .. .. .. .. .. 359 17 10 Launches .. .. .. .. . . 227 19 8 Traps and horses .. .. .. .. 61 6 8 Motor-vehicles .. .. .. .. 1,897 14 11 Loan on mortgage to Y.M.C.A... .. .. 9,149 111 Loan on mortgage to W. J. Mather .. .. 738 16 .11 Imprests outstanding .. .. .. .. 300 0 0 Sundry debtors .. .. .. . . 2,329 3 2 Excess of expenditure over income .. ..345,077 11 11 £434,699 0 2 j £434,699 0 2

89

B.—l [PT. IV, Sup. B"|.

DEPARTMENT OF INTERNAL AFFATRS— continued. SUBDIVISION S.—REGISTRAR-GENERAL. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. ! Income. £ s. d. To Salaries .. .. .. 9,446 2 3! By Registration and other fees, registration of Postage.. .. .. .. .. 716 15 7 births, deaths, and marriages .. .. 16,695 3 7 Printing and. stationery . . .. .. 909 9 3 Friendly Societies Act .. .. .. 57 5 0 Payment to Post and Telegraph Department Dentists Act .. . . .. .. 39 1 0 for services of officers as Registrars .. 2,133 13 0 Medical Practitioners Act .. .. 278 10 0 Registration of births, deaths, and marriages 1,248 13 8 Rent .. .. .. .. .. 1,130 5 6 Sundries .. .. .. .. 597 18 5 Balance carried down .. .. .. 887 1 11 £17,069 19 7 £17,069 19 7 £ s. d. , £ s. d. To Interest on capital .. .. .. 77 3 3 By Balance brought down .. .. .. 887 111 Depreciation .. .. .. .. 133 4 11 Excess of income over expenditure . . .. 676 13 9 £887 1 11 £887 1 11 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Capital as at Ist April, 1923 .. .. .. 2,193 12 4 Office furniture and fittings .. .. .. 1,685 0 0 Sundry creditors .. .. .. .. 930 9 7 Mechanical appliances .. .. .. 206 911 Depreciation Reserve .. .. .. 424 6 7 Sundry debtors .. .. .. .. 810 0 Excess of income over expenditure .. .. 676 13 9 Treasury Adjustment Account .. .. 2,325 110 £4,225 2 3 £4,225 2 3 SUBDIVISION 6.—CENSUS AND STATISTICS. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Salaries.. .. .. .. .. 13,633 13 0 By Sale of publications .. .. .. 768 18 3 Census .. .. .. .. .. 645 2 6 Sundry revenue .. .. .. .. 4 0 0 Collection of statistics .. .. .. 5,390 811 Miscellaneous sales .. .. .. 20 0 0 Postage.. .. .. .. .. 824 9 10 Balance carried down .. .. .. 20,765 5 7 Printing publications .. .. .. 4,703 16 0 Printing and stationery .. .. .. 1,31.4 4 3 Rent .. .. .. .. .. 500 0 0 Sundries .. .. .. .. 546 9 4 £27,558 3 10 £27,558 3 10 £ s. (1. £ s. d. To Balance brought down .. .. .. 26,765 5 7 By Excess of expenditure over income .. .. 27,884 7 4 Interest on capital .. .. .. 352 411 Depreciation .. .. .. .. 766 16 10 £27,884 7 4 £27,884 7 4 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Fixed capital as at Ist April, 1923 .. .. 7,827 14 0 Office furniture and fittings .. .. .. 580 11 9 Sundry creditors .. .. .. .. 714 6 6 Mechanical appliances .. .. .. 7,372 5 0 Depreciation Reserve .. .. .. 1,668 9 0 Library .. .. .. .. .. 55 10 5 Treasury Adjustment Account .. .. 27,611 13 11 Saleable publications .. .. .. 1,802 5 9 Sundry debtors .. .. .. .. 127 3 2 Excess of expenditure over income .. .. 27,884 7 4 £37,822 3 5 £37,822 3 5 SUBDIVISION 7.—HIGH COMMISSIONER'S OFFICE. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ e. d. Income. £ s. d. To Salaries .. .. .. .. .. 18,016 15 8 By Shipping oharges .. .. .. .. 210 8 6 Advertising .. .. .. .. 1,520 11 11 Miscellaneous sales .. .. .. 201 111 Office requisites .. .. .. .. 279 18 0 Balance carried down .. .. .. 30,246 6 10 Hostage .. .. .. .. .. 1,381 14 1 Rent .. .. .. .. .. 4,777 8 2 Refund of income-tax .. .. .. 434 0 0 Sundries .. .. .. .. 4,247 9 5 £30,657 17 3 £30,657 17 3 £ s. d. £ s. d. To Balance brought down .. .. .. 30,246 610 By Excess of expenditure over income .. .. 31,561 2 6 Depreciation .. .. ■.. .. 833 16 3 Interest on capital .. .. .. 480 19 5 £31,561 2 6 £31,561 2 6 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Fixed capital as at Ist April, 1923 .. .. 10,688 3 7 Furniture and fittings .. .. .. 6,885 16 0 Sundry creditors .. .. .. .. 417 5 5 Meohanioal applianoes .. .. .. 1,892 5 3 Depreciation Reserve .. .. .. 2,111 16 0 Mo tor-vehicles .. .. .. .. 1,000 0 0 Treasury Adjustment Account .. .. 30,363 311 Motor accessories .. .. .. .. 315 2 Library .. .. .. .. .. 1,837 10 0 Sundry debtors .. .. .. .. 400 0 0 Excess of expenditure over income. .. .. 31,561 2 6 £43,580 8 11 £43,580 8 11

12 —B. 1 [Pt. IV, Sup. B].

B.—l [Pt. TV, Sup. B].

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DEPARTMENT OF INTERNAL AFFAlRS— continued. SUBDIVISION B.—MUSEUM. Income and Expenditure Account for the Year endkd 31st March, 1924. Expenditure. £ s. d. j Income. £ s. d. To Salaries .. .. .. .. .. 3,006 16 1j By sale of publications .. .. .. 579 17 3 Expenses of War Section .. .. .. 58 18 0 Sundry revenue .. .. .. .. 34 14 7 Sundries .. .. .. .. .. 1,854 18 11 Balance, carried down .. .. .. 4,306 1 2 £4,920 13 0 £4,920 13 0 £ s. d. £ s. d. To Balance brought down .. .. .. 4,306 1 2 By Excess of expenditure over income .. .. 4,845 18 9 Rent .. .. .. .. .. 298 10 0 Interest on capital.. .. . . .. 99 7 5 Depreciation .. . , ~ . . 142 0 2 £4,845 18 9 £4,845 18 9 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d, Fixed capital as at Ist April, 1923 .. .. 55,358 811 Office furniture and fittings .. .. .. 621 4 7 Sundry creditors .. .. .. .. 128 12 0 Mechanical appliances .. .. .. 242 14 3 Depreciation Reserve .. .. .. 501 Hi 2 Museum exhibits .. .. .. .. 53,558 13 4 Treasury Adjustment Account .. .. 8,180 3 2 Photographic apparatus .. .. .. 365 10 10 Unsold publications .. .. .. .. 3,530 17 6 Library .. .. .. .. .. 1,001 11 0 Sundry debtors .. .. . . ... 210 0 Excess of expenditure over income .. .. 4,845 18 9 £64,169 0 3 £64,169 0 3 SUBDIVISION 9.—DOMINION LABORATORY—HEAD OFFICE. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 4,342 11 7 By Sundry revenue .. .. .. .. 117 4 0 Sundries .. .. .. .. .. 1,458 16 5 Balance carried down .. .. .. 5,084 4 0 £5,801 8 0 £5,801 8 0 £ s. d. £ s. d. To Balance brought down .. .. .. 5,684 4 0 By Ex*bess of expenditure over income .. .. 6,322 8 9 Rent .. .. .. .. .. 430 0 0 Depreciation .. .. .. .. 111121 Interest on capital.. .. .. .. 96 12 8 £6,322 8 9 £6,322 8 9 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Fixed capital as at Ist April, 1923 .. .. 2,147 7 5 Furniture and fittings. . .. .. .. Ml 11 1 Sundry creditors .. . . .. .. 208 (I 10 Library .. .. .. .. .. 521 5 1 Depreciation Reserve . . .. .. .. 419 10 0 Mechanical appliances. . .. .. .. 13 17 9 Treasury Adjustment Account .. .. ~ 6,179 10 5 Distillation plant .. .. .. .. 171 810 Laboratory appliances .. .. .. 1,783 17 2 Excess of expenditure over income .. .. 6,322 8 9 £8,954 8 8 £8,954 8 8 SUBDIVISION 9.—DOMINION LABORATORY—EXPLOSIVES BRANCH. Income and Expenditure Account for the Year ended 3.lst March, 1924. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. ..2,233 15 0 By Explosives license fees .. .. . . 2,752 0 0 Sundries .. .. .. .. .. 2,098 6 6 Explosives storage fees .. .. .. 1,639 13 II Balance carried down .. .. -.. 1,506 13 11 Magazine revenue .. .. .. .. 1,447 1 (i £5,838 15 5 £5,838 15 5 £ s. d. £ s. d. To Rent .. .. .. .. .. 86 0 0 By Balance brought down .. .. ~ 1,506.13 11 Depreciation . . . . . . .. 304 12 3 Interest on capital. . .. .. .. 370 18 8 Excess of income over expenditure . . .. 745 3 0 £1,506 13 11 £1,506 13 11 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Fixed capital as at Ist April, 1923 .. .. 8,243 0 6 Buildings .. .. .. .. .. 5,540 17 8 Sundry creditors .. .. .. .. 432 19 2 Furniture and fittings .. .. . . 246 14 4 Depreciation Reserve .. .. .. 693 5 9 Mechanical appliances . . .. .. 22 4 6 Excess of income over expenditure . . .. 745 3 0 Explosives appliances . . . . .. 188 0 9 Land .. .. .. .. .. 2,484 4 11 Sundry debtors .. .. .. .. 410 13 2 Treasury Adjustment Account .. .. 1,221 13 1 £10,114 8 5 £10,114 8 5 J. Hislop, Under-Secretary. A. W. Pyne, Accountant,

91

B.—l [Pt. IV, Sup. Bj.

MINES DEPARTMENT. Income and Expenditure Account for the Year endkd 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Advertising .. .. .. 67 17 3 By Interest .. .. .. .. 187 18 0 Assistance to prospecting, &o. .. 12,389 10 11 Registration and other fees .. 291 17 6 Depreciation .. .. .. 1,557 13 8 Sales of water .. .. .. 1,276 9 2 Drills, maintenance of .. .. 146 17 4 Timber royalties .. .. .. 429 11 3 Examinations .. .. .. 92 8 11 Goldfields revenue .. ■.. 19,126 8 11 Freight and cartage .. .. 13 15 0 Balance .. .. .. .. 36,039 17 4 .Fuel, light, and water .. . . 19 13 0 Instruments, repairs of .. .. 3 11 2 Law-costs.. .. .. .. 342 1 5 Offloe requisites .. .. .. 38 17 3 Outfit allowances and field expenses . . 232 18 11 Hostages and telegrams .. .. 288 5 5 Printing and stationery .. .. 392 7 11 Rents .. .. .. .. 567 7 4 Salaries .. .. .. .. 10,676 14 0 Schools of Mines .. .. .. 3,113 8 6 Telephones .. .. .. 160 7 2 Travelling-expenses . . . . 2,068 16 0 Wages and other assistance .. .. 261 0 0 Water-races, maintenance, of . . 224 1 7 Experiments re inflammability of coaldust .. .. .. .. 422 12 11 Sundries . . .. 14 12 7 Losses, sums irrecoverable, etc. .. 5,130 15 0 Goldfields revenue due to local bodies 19,126 811 £57,352 2 2 • £57,352 2 2 £ S. d. £ s , d. To Balance .. .. .. .. 36,039 17 4 By Balance .. .. .. .. 38,521 611 Interest on capital .. .. .. 2,481 9 7 £38,521 6 11 £38,521 6 11 To Balance .. .. .. ..£38,521 6 11 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. ! Assets. £ s. d. £ s. d. Capital—Liability to Treasury, 31st March, J Land .. .. .. .. 4,349 0 0 1923 .. .. .. .. 70,846 510 Buildings .. .. .. 379 19 6 Treasury Adjustment Account .. .. 29,861 17 6 Furniture and fittings .. 1,333 16 11 Depreciation reserve .. .. .. 8,609 10 10 I Less written off to Suspense 0 7 0 Sundry creditors .. .. .. 10,934 14 3 \ 1,333 9 II Deposits on coal-leases, &b. .. .. 2,310 15 2 | Mechanical appliances .. .. 315 6 (i Receipts, being proportion of consideration j Instruments .. .. .. 564 6I I paid on assignment of coal-leases . . 50 0 0 I Plant and machinery .. 239 11 3 Less written off to Suspense 14 6 10 225 4 5 Library maps, &c. .. 5,918 6 2 Less written off to Suspense 500 3 9 5,418 2 5 Mineral collections .. .. 9,640 2 6 Motor-cars .. .. 834 9 4 Less written off to Suspense 26 9 11 807 19 5 Drills and equipment . . 15,339 8 10 Less written off to Suspense 425 12 7 14,913 16 3 Water-races .. .. .. 14,700 0 0 Loans to oil-boring companies and others .. .. 17,791 2 10 Less provision for losses of principal and interest .. 5,000 0 0 12,791 2 10 Sundry debtors .. .. 7,523 3 0 Less written off to Suspense 338 18 0 7,184 5 0 Interest accrued but not duo .. 53 16 8 Stores and stocks on hand .. .. 125 6 8 Plant, &c, from Firewood Depot .. .1 1,350 9 9 Less written off to Suspense 765 511 585 3 10 Cash in hands of receivers .. .. 9,717 (i 10 Excess of expenditure over income— Mines Department ..38,521 6 11 Geological Survey Branch 6,777 2 3 45,298 9 2 Less Coal-minos Act, 1908 .. .. 5,789 15 3 39,508 13 11 £122,613 3 7 £122,613 3 7 G. Jas. Anderson, Minister of Mines. P. G. Pearce, Accountant. I hereby certify that the Revenue Account, 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, except that the accounts include, charges against the Department for furniture for which no payment has been made, and interest on capital for which the Department possesses no parliamentary appropriation, and assets transferred to other Departments for which no payment has been received. The Revenue Account includes rents for the period Ist July, 1923, to 30th .June, 1924, and royalties for the period Ist January to 31st December, 1923. — G. F. (.'. Campbell, Controller and Auditor-General.

B.—l [Ft. IV, Sup. B].

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MINES DEPARTMENT —continued. GEOLOGICAL SURVEY BRANCH. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Advertising, &c. .. .. .. 38 18 5 By sale of bulletins and maps .. 32 18 3 Depreciation .. .. .. 456 9 1 Balance .. .. .. .. 6,070 10 3 Freight and cartage .. .. 22 19 7 Fuel, light, and water .. .. 29 10 11 Instruments, repairs of . . . . 0 2 0 Office requisites .. .. .. 10 19 7 Outfit allowances and field expenses .. 373 12 7 Postages and telegrams .. .. 40 10 1 Printing and stationery .. .. 50 11 5 Rents and rates .. .. .. 247 19 10 Salaries . .. .. .. 3,430 11 3 Telephones .. .. .. 18 1 3 Travelling-expenses .. .. 175 12 3 Wages of field hands .. .. 686 6 8 Sundry expenses .. .. .. 10 1 6 Publications distributed free to libraries 500 3 9 Losses on worn-out articles, &c. .. 10 18 4 £6,103 8 6 £6,103 8 6 £ s. d. £ s. d. To Balance .. .. .. .. 6,070 10 3 By Balance .. .. .. .. 6,777 2 3 Interest on capital .. .. .. 706 12 0 £6,777 2 3 £6,777 2 3 To Balance .. .. .. .. £6,777 2 3 COAL-MINES ACT, 1908. Revenue Account for the Year ended 31st March, 1924. Dr. Cr. To Allocation of revenue— £ s. d. By Rents and royalties from licenses £ s. d. National Endowment .. .. 594 13 6 granted under Coal-mines Act, 1908 21,770 3 4 State Forest Service .. .. 163 13 1 Grey mouth Harbour Board.. .. 1,331 13 9 Westport Harbour Board .. .. 12,859 3 6 Primary-education reserves .. .. 843 8 4 Land for Settlements Account . . 82 7 8 New Plymouth Harbour Board .. 2 13 Whangarei High School .. .. 24 9 0 15,901 10 1 Rents and royalties not recoveralUe .. 78 18 0 Balance due to Consolidated Fund, Territorial Revenue .. .. .. 5,789 15 3 £21,770 3 4 £21,770 3 4 By Balance .. .. .. .. £5,789 15 3

B.—l [PT. IV, Sup. B].

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ADVANCES TO MINING COMPANIES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Interest on loan capital .. .. 2,636 12 7 By Interest on advances to companies .. 1,654 8 7 Losses and provision for losses on reali- Balance—Net loss for year .. .. 15,048 4 5 zation of securities .. .. 14,066 0 5 £16,702 13 0 £16,702 13 0 £ s. d. £ s. d. To Balance .. .. .. .. 15,048 4 5 By Balance—Deficiency for year .. 15,149 14 1 Contribution, Public Debt Sinking Fund 101 9 8 £15,149 14 1 £15,149 14 1 Balance-sheet as at 31st March, 1924. Liabilities. Assets. £ s. d. To Capital— £ s. d. £ s. d. Advances to mining companies .. .. 40,636 5 9 Loans under various Sundry debtors .. .. .. 9,515 2 8 Acts .. .. 55,700 0 0 Interest receivable, accrued, but not duo.. 208 15 5 Loan from Public Sinking Fund Investment Account . . 944 14 8 Works Fund .. 7,000 0 0 Cash .. .. .. .. 12,890 19 11 62,700 0 0 £ s. d. Sinking Fund .. .. .. 944 14 8 Losses brought forward .. 2,398 18 8 Sundry creditors -— Interest due to Deficiency for year .. 15,149 14 1 Treasury, &c. .. .. .. 3,119 7 5 17,548 12 9 Interest payable, accrued but not due 929 19 3 Written off Suspense Account .. 9,056 9 10 Provision for losses of principal and interest .. .. .. 5,000 0 0 £81,750 11 2 £81,750 11 2 G. J as. Anderson, Minister of Mines. P. G. Pearce, Accountant. Note.—lncluded in the Suspense Account and losses on realization of securities is an amount of £9,066 os. 5d., representing the total loss of the principal and interest in connection with the loan to the Muddy Terrace Sluicing Company, which was advanced by the Colonial Treasurer during the years 1908-10. 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.-—G. F. C. Campbell, Controller and Auditor-General.

B.—l [Pt'. IV, Sup. B].

REPATRIATION DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. Income. £ s. d. £ s. d. £ s. d. By Rent of buildings sublet .. .. .. 375 13 9 To Training .. .. .. 1,774 16 11 Excess of expenditure over income for year Legal expenses .. .. 71 13 0 carried down .. .. .. .. 58,669 2 9 Postage and telegrams .. 110 (i 9 Printing and stationery .. 12 14 1 Salaries .. '.. .. 3,865 17 6 Travelling-expenses .. .. 7 17 2 General expenses .. .. 223 5 3 Furnishings .. .. .. 14 3 9 Advertising .. .. .. 5 7 0 Rent of offices .. . . 502 18 7 Audit fees .. .. .. 307 9 3 Miscellaneous administration expenses .. .. .. 8 6 6 6,904 15 9 Administration expenses of State Advances Department .. .. .. .. 6,759 15 7 Depreciation on buildings .. .. . . 430 0 0 Losses on realization of office furniture and fittings .. .. .. .. 729 I 5 Interest Account —Net loss transferred .. 44,221 3 9 £59,011 10 0 £59,044 16 6 £ s. d. To Balance forward from previous year.. .. 701,292 7 7 By Revenue on account of previous Balance for year brought down .. .. 58,669 2 9 year— £ s. d. £ s. d. Interest on loan to Moa Seed-farm Association . . .. .. 125 0 0 Loans Investment Account .. 10 12 7 Sales of farm-produce . . .. 230 1 4 Recovery under fidelity insurance policy . . .. .. 103 12 6 Loss on realization of equipment overstated .. . . .. 250 0 0 719 6 5 Total excess of expenditure over income .. .. .. .. 759,242 311 £759,961 10 4 £759,961 10 4 Interest Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s . ( \. To Interest charged on capital, 4-J per cent, on By Interest charged on loans .. .. .. 9,074 17 0 £1,196,192 4s. lid. .. .. .. 53,828 12 9 Interest on temporary,investments .. .. 407 12 0 Interest on loan to Moa Seed-farm Association 125 0 0 Net loss to Income and Expenditure Account. . 44,221 3 9 £53,828 12 9 £53,828 12 9 Balance-sheet as at 31st March, 1924. Liabilities. A ssets. Capital Account — £ s. d. £ s. d. Loans Investment Account— £ s. d. £ s. d. Advances from War Ex- I'rincipal outstanding .. 579,742 15 3 penses Account outstanding Loans approved—not advanced 169 12 0 at 31st March, 1923 .. 1,306,956 4 2 579,912 7 3 Less net repayments, 1923-24 110,763 19 3 Less reserve for bad debts .. 29,971 7 3 1,196,192 I II Less Suspense adjustments .. 362 11 4 Treasury Adjustment Account .. .. 140,188 18 6 30,333 18 7 Sundry creditors .. .. .. .. 202 6 3 Depreciation reserve for buildings .. .. 1,279 2 7 549,578 8 8 Receipts by State Advances not allocated .. 597 II 4 Sundry debtors —Interest on loans .. .. 9,572 15 (i Writings-otf in suspense — Sundry debtors —Miscellaneous .. .. 075 4 1 Assets as per contra .. 27,254 17 8 Loan Account —Sale of Moa assets .. .. 2,500 0 0 Loan defalcations not yet Office furniture and fittings .. 313 8 0 transferred from Loans In- Equipment, Ruakura .. . . 250 0 0 vestment Account .. 1,190 2 5 Buildings, Ruakura, .. .. 7,268 5 4 28,445 0 1 Buildings, Avonhead .. .. 3,202 17 (i 11,034 10 10 Cash in hands of State Advances Department .. 7,047 3 0 Assets Accounts in Suspense (representing losses on realization of assets req uired to be written off)— Technical equipment.. .. 5,805 14 6 Weraroa buildings . . .. 468 11 5 Avonhead eq uipment .. 772 8 7 Moa buildings and equipment . . 5,048 5 2 Tauherenikau equipment .. 7,219 12 3 Loans and interest .. .. 5,766 16 4 Office furniture and fittings .. 2,1.73 9 5 27,254 17 8 Excess of expenditure over income— Balances as at Ist April, 1923 .. 701,292 7 7 Net expenditure for 1923-24 .. 57,949 16 4 759,242 3 11 £1,366,905 3 8 £1,366,905 3 8 J. R. Samson, Director. I hereby certify that the Interest Account, 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, except that the accounts include charges against the Department for interest for which the Department possesses no parliamentary appropriation, and that the Department has been wrongly charged with the cost of collection of interest on advances. — G. F. C. Campbell, Controller and Auditor-General.

94

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95

RESERVE FUND ACCOUNT. Receipts and Payments Account to 31st March, 1924. Receipts. £ s. d. Payments. £ s. d. To Debentures issued .. .. .. 800,000 0 0 By Investment Account (securities purchased; 2,739,302 3 8 Transfer from Consolidated Fund (Finance Interest on loans .. .. .. 452,855 13 6 Act, 1919, section 3(2); Finance Act, Debentures redeemed .. .. .. 800,000 0 0 1920, section 32) .. .. .. 1,200,000 0 0 Treasury Adjustment Account .. .. 161,046 14 0 Transfer from Consolidated Fund for redemption of debentures .. .. 800,000 0 0 Interest on investments .. .. 014,502 7 6 Sales of securities .. .. .. 739,302 3 8 £4,153,804 11 2 £4,153,804 11 2 ( Income and Expenditure Account from Ist April, 1907, to 31st March, 1921. Expenditure,. Income. To Losses on sales— £ s. d. By Profit on sales— £ s. d. Irish Land 2f-per-eent. stock .. .. 70,145 910 Local loans, 3-per-cent. stock .. .. 3,90(5 1 0 Bank of England stock .. .. .. 8,384 (i 9 2i-per-cent. Annuities stock .. .. 2,327 8 0 London County 3|-per-cent. stock .. .. 329 17 1 Metropolitan Water Board 3-per-cent. stock 1,280 11 0 Metropolitan Police 3-per-cent. stock .. 1,701 12 6 War Loan 2J-per-cent. stock .. .. 1,149 2 0 Interest on loans .. .. .. 452,855 13 6 Interest on investments .. .. .. 014,502 7 0 Balance —Net profit .. .. .. 119,137 17 5 Interest accrued on investments .. .. 28,444 6 7 Interest due and unpaid .. .. .. 885 0 0 £052,554 17 1 ■ £052,554 17 ] Balance-sheet 31st March, 1924. Liabilities. £ s. d. Assets. Capital Account .. .. 2,000,000 0 0 Investment Account — Income and Expenditure Account— Nominal Value. Cost Prico. Net excess of income over ex- £ s. d. £ s. d. £ s. d. penditure to date.. .. 119,137 17 5 Transvaal 3-per-cent. 230,000 0 0 stock .. .. 212,005 9 0 Egypt guaranteed 3-per--59,000 0 0 cent, bonds .. 50,362 15 0 153,010 6 1 India 3J-per-cent. stock 147,547 8 6 357,766 5 7 India 3-per-cent. stock 201,500 3 4 65,340 8 4 India 2|-per-cent. stock 31,746 1 0 British War Loan 5-per--1,283,157 17 11 cent, stock .. 1,219,000 0 0 2,148,274 17 11 1,928,161 16 10 Interest accrued on investments. . .. 28,444 6 7 Interest due and unpaid .. . . 885 0 0 29,329 6 7 Treasury Adjustment Account .. .. .. .. 161,646 14 0 £2,119,137 17 5 £2,119,137 17 5 R. E. Hayes, 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.—G. F. C.'Campbell, . Controller and Auditor-General.

B— 1 [Pt. IV, Sup. B].

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"WESTPORT HARBOUR ACCOUNT. Revenue Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Stock as at Ist April, 1923 .. .. 8,70117 2 By Endowment revenue .. .. .. 15,724 5 4 Salaries.. .. .. .. .. 4,960 13 7 Special wharfage on coal .. .. .. 14,176 17 3 Dredging .. .. .. .. 8,430 4 7 Port charges .. .. .. .. 3,941 8 1 Harbour maintenance .. .. .. 2,014 18 9 Special coal rate .. .. .. .. 5,087 11 2 Working-expenses of tug .. .. . . 364 1 5 Rent .. .. .. .. .. 147 10 0 Compensation for accidents .. .. 7 0 8 Sale of surplus stores .. .. .. 2,337 12 4 Retiring-allowances .. .. .. 342 8 8 Workshops jobs .. .. .. .. 172 3 3 Office expenses .. .. .. .. 296 3 7 \ Miscellaneous receipts .. .. .. 97 19 I I Grants .. .. .. .. .. 50 0 0 Stock as at 31st March, 1924 .. .. 9,296 3 1 Depreciation .. .. .. .. 3,015 010 Interest on loans .. .. .. .. 22,677 4 6 Balance carried down .. . . .. 721 16 8 £51,581 10 5 £51,581 10 5 £ s. d. ■ £ s. d. To Transfer to sinking fund .. .. .. 5,055 II 3 By Balance brought down .. .. .. 721 16 8 Balance (Excess expenditure over income for year 1923-24) carried down .. .. 4,333 14 7 £5,055 11 3 £5,055 11 3 £ s. d. £ s. d. To Balance brought down .. .. .. 4,333 14 7 By Special Coal Rate Account adjustment .. 10,600 0 9 Balance brought forward from previous year.. 43,687 12 3 Balance .. .. .. .. 37.355 0 I £48,021 6 10 £48,021 6 10 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Loan capital .. .. .. .. 530,495 0 0 Eastern Breakwater .. .. .. 202,142 0 0 Sinking fund .. .. .. .. 178,525 11 3 Western Breakwater .. .. .. 163,515 0 0 Depreciation Reserve Account .. .. 9,045 2 4 Training-walls .. .. .. .. 102,998 0 0 Sundry creditors— £ s. d. Limestone-quarry .. .. .. ~ 128 0 0 Accrued interest .. .. 4,024 12 2 Orowaiti protective works and Buller relief channel 7,141 0 0 On open account .. .. 573 2 7 Floating basin .. .. .. .. 73,575 0 0 4,597 14 9 Gridiron .. .. .. .. .. 2,190 0 0 Treasury Advance Account .. .. .. 140,185 510 Dredge wharf .. .. .. .. 2,790 0 0 Martin's Island .. . . .. .. 700 0 0 Harbour buildings .. .. .. .. 4,619 0 0 Dredges, tug " Mana," &c. .. .. .. 25,361 0 0 Stock and stores .. .. .. .. 9.290 3 1 Sundry debtors— £ s. d. For interest, &o. .. .. 32,436 7 9 On open account .. .. 632 0 0 33,068 8 3 Sinking fund investments .. .. .. 178,525 11 3 Cash in Public Account .. .. .. 19,408 5 0 Revenue Account —Balance . . . . . . 37,355 (i I £802,848 14 2 £862,848 I I 2 J. E. Engel, Accountant. G. C. Godfrey Secretary. 1 hereby certify that the Revenue. Account anil 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, except that the terms of section 7, Westport Harbour Act, 1920, require the whole charge lor interest and sinking fund to be included in the accounts. —G. F. C. Campbell, Controller and Auditor-General.

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