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B.—l [Pt. IV, Supplement B.J

1926. NEW ZEALAND.

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1925-26.

AUDITED ACCOUNTS.

CON T HINTS. PAGE PAGE Audit Department .. .. .. 2 Public Trust Office .. .. .. .. 42 Bank of New Zealand Shares Account .. .. 3 Public Service Superannuation Fund .. 44 Cook Islands Department .. .. 4 Railways Superannuation Fund .. .. 40 Crown Law Office .. .. .. 5 Reserve Fund Account .. .. 48 Customs Department .. . . .. 6 Samoan Loan Sinking Fund Account .. .. 48 Discharged Soldiers' Settlement Depreciation Fund 7 Samoan Loan Suspense Account .. .. 48 External Affairs Department .. .. 8 Stamp Duties Department .. .. 49 Government Fire Insurance Fund .. .. 9 State Advances Office — Government Life Insurance Department .. 10 Settlers .. . . .. .. 50 Justice Department .. . . .. 12 Workers .. .. .. .. .. 51 Land and Deeds Department .. .. ..14 Local Authorities .. .. .. ..53 Main Highways Account .. .. ..15 Public Debt Sinking Fund .. .. ..54 Maori Land Boards .. .. .. 18 Advances Office Sinking Fund .. 55 Marine Department .. .. .. .. 24 Housing .. .. .. .. .. 56 Mines Department .. .. .. .. 27 Loans to Employers for Workers' Dwellings .. 57 National Provident Fund .. .. 28 Fruit-preserving Industry Advances .. 58 Native Trust Office .. .. .. .. 29 Cold Storage Advances .. .. .. 59 Nauru and Ocean Islands Account .. ..30 Fishing Industry Promotion.. .. .. 00 Naval Defence .. .. .. ..31 State Fire Insurance Office .. .. ..01 New Zealand Consols Account.. .. ..32 Teachers' Superannuation Fund .. ..62 New Zealand State Coal-mines .. .. 33 Treasury Department .. .. .. 64 Printing and Stationery Department .. . . 39 I Westport Harbour Account .. .. .. 05 Public Service Commissioner's Office .. .. 41

I—B. 1 [PT. IV, Sup. B].

B.—l [PT. IV, Sup. B

AUDIT DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 39,300 12 8 By Audit fees .. .. .. .. 20,177 8 2 Allowances to Audit Officers, London .. 151 7 8 Excess of expenditure over income .. .. 26,701 5 1 Pay of non-permanents .. .. .. 1,126 8 5 Advertising books and publications .. .. 71 0 3 Office fittings and requisites .. .. 78 16 8 Overtime and meal allowance .. .. 166 4 6 Postages, telegrams, and rent of boxes .. 220 3 10 Printing and stationery .. .. .. 367 17 7 Rent (a).. .. .. .. .. 1,580 9 1 Telephone services .. .. .. 13 J 14 3 Transfer and removal expenses .. .. 119 16 2 Travelling allowances and expenses .. 3,397 12 7 Removal of furniture .. .. .. 0 10 0 Contingencies .. .. .. .. 0 2 6 Depreciation .. .. .. .. 164 14 8 Furniture and fittings broken (written off) .. 12 5 £46,878 13 3 £46,878 13 3 £ s. d. £ s. d. To Balance carried down .. .. .. 26,701 5 1 By Excess of expenditure over income after Interest on capital (b) .. .. .. 104 6 0 charging interest on capital .. .. 26,805 11 1 £26,805 11 1 £26,805 11 1 Note.—The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value as assessed by Public Works Department; (b) interest at 4J per cent, on capital as at Ist April, 1925. Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 2,317 14 9 Furniture and fittings .. .. .. 1,623 7 6 Treasury Adjustment Account .. .. 27,898 15 7 Books .. .. .. .. .. 631 17 1 Sundry creditors .. .. .. .. 381 0 3 Mechanical appliances .. .. .. 268 16 9 Fees paid in advance .. .. .. 52 10 6 Sundry debtors .. .. .. .. 1,880 2 3 Depreciation Reserve .. .. .. 727 6 7 Stamps .. .. .. .. .. 41 2 2 Writings off Suspense Account .. . . 12 5 Stationery .. .. .. .. .. 121 12 6 Expenses paid in advance .. .. .. 6 0 9 Excess of expenditure over income .. 26,805 11 1 £31,378 10 1 £31,378 10 1 J. H. Fowler, 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, subject to the above departmental note. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, SOP. 81.

BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ s. d. To Interest on consolidated stock .. .. 32,500 00 By Dividends received and declared for the year 212,464 0 9 Management charges on consolidated stock . . 262 10 0 Balance .. .. .. .. 179,701 10 9 £212,464 0 9 £212,464 0 9 Balance-sheet as at 31st March, 1926. Liabilities. Assets. Capital Account— £s. d. Bank of New Zealand shares — £ s. d. New Zealand consolidated stock — £ 500,000 preference A shares (nominal value).. 500,000 0 0 3f per cent., 1940 .. .. 500,000 1,375,000 preference B shares (nominal value) 1,375,000 0 0 4 per cent., 1943-63 .. .. 375,000 Dividends declared but not paid .. .. 120,809 7 2 !— Treasury Adjustment Account .. .. 65,542 17 4 875,000 Ordinary Revenue Account— Investment Account .. .•• 750,000 1,625,000 0 0 Capital Reserve Account .. .. .. 250,000 0 0 Accrued interest on consolidated stock .. 6,650 13 9 Balance of Income and Expenditure Account .. 179,701 10 9 £2,061,352 4 6 £2,061,352 4 6 Accumulated profits to 31st March, 1926, £1,202,876 12s. 4d., credited to Consolidated Fund. 2nd August, 1926. A. D. Park, 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.—J. H. Fowler, Deputy Controller and Auditor-General.

B.—l [PT. IV, Sup. B

COOK ISLANDS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1926. Expenditure. £ s. d. j Income. £ s. d. To Salaries .. .. .. .. .. 11,844 47 By Balance carried down .. .. .. 22,989 11 11 Advertising .. .. .. .. 161(311 Gook and other Islands Administration expenses 1,199 710 Freight .. .. .. .. .. 2 14 9 Grants— Additions to Hospital, Rarotonga .. 500 0 0 Bureau of Tropical Diseases .. .. 50 0 0 Education —Niue Island .. .. 500 0 0 Education—Northern Cook Islands .. 500 0 0 Erection of cargo and fruit packing shed, &c., Niue .. .. .. .. 2,100 0 0 Erection of fruit-packing shed, Rarotonga .. 500 0 0 Erection of new freezer, Rarotonga .. 500 0 0 Superannuation subsidy .. .. 550 0 0 To officers on retirement .. .. 696 5 0 Medical services, Niue .. ... .. 250 0 0 Wireless services, Cook Islands .. .. 555 17 0 Motor-truck, Niue .. .. .. 162 0 0 Postages, telegrams, and rent of boxes .. 147 4 10 Printing and stationery .. .. .. 39 18 7 Subsidy, steamer service to Niue .. .. 300 0 0 Telephone services .. .. .. 72 0 0 Travelling allowances and expenses .. 88 4 7 Tropical allowances .. .. .. 1,922 1 4 Transfer of Niue lepers .. .. .. 360 0 0 Fuel, light, water, and attendance ... .. 49 0 0 Rent .. .. .. .. .. 80 0 0 Depreciation .. .. .. .. 3 16 6 £22,989 11 11 £22,989 11 11 £ s. d. £ s. d. To Balance brought down .. .. .. 22,989 11 11 By Balance carried down .. .. .. 30,777 11 1 Balance " Hinemoa " Revenue Account .. 7,787 19 2 £30,777 11 1 £30,777 11 1 £ s. d. £ s. d. To Balance brought down .. .. .. 30,777 11 IBy Excess of expenditure over income .. .. 30,779 12 6 Interest on capital .. .. .. 2 15 £30,779 12 6 £30,779 12 6 Note.—The following charges for which the Department possesses no parliamentary appropriation are included : (a) Rental value as assessed by Public Works Department; (b) interest at 4£ per cent, on capital as at Ist April, 1925. NEW ZEALAND GOVERNMENT STEAMER "HINEMOA." Revenue Account for the Year ended 31st March, 1926. Dr. £ s. d. Cr. £ s. d. To Salaries and wages.. .. .. .. 4,342 2 10 j By Freights, passage-money, and miscellaneous Overtime .. .. '.. .. 852 17 1 receipts .. .. .. .. 12,672 1 1 Refitting and repairs .. .. .. 5,011 14 5 : Excess of expenditure over income .. .. 7,787 19 2 Victualling .. .. .. 1,671 16 6 StoresCabin .. .. .. .. .. 46 18 4 Deck .. .. .. .. .. 262 19 3 Engine-room .. .. .. .. 238 110 Coal .. .. .. .. .. 4,037 310 Water .. .. .. .. .. 17 17 11 Painting .. .. .. . . .. 419 8 3 Medical expenses .. .. .. . . 30 8 8 Miscellaneous .. .. .. .. 3,189 14 1 Reserve for losses .. .. .. .. 122 19 6 Depreciation on steamer . . . . .. 215 17 9 £20,460 0 3 £20,460 0 3 Note. —The above account includes cost of reconditioning and refitting vessel, £6,972 18s. 9d. Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. Capital at Ist April, 1925 .. .. .. 46 0 0 £ s. d. £s. d. Sundry creditors .. .. .. .. 3,248 14 11 New Zealand Government Steamer Depreciation Reserve .. .. .. 228 9 3 "Hinemoa" .. .. 4,317 14 10 Treasury Adjustment Account .. .. 36,279 17 6 Additions .. .. .. 931 12 6 , —. 5,249 7 4 Office fittings and requisites .. .. 46 0 0 Stores on hand .. .. .. 1,638 17 1 Less writings-off in Suspense .. 122 19 6 1,515 17 7 Advances to other Governments Accounts (balances) —■ Cook Islands Administration .. .. 1,976 7 6 Niue Administration .. .. .. 235 16 9 Excess of expenditure over income .. .. 30,779 12 6 £39,803 I 8 £39,803 1 8 16th July, 1926. J. D. Gray, 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, subject to the above departmental note.—G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IY, SUP. B

CROWN LAW OFFICE. Income and Expenditure Account for the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. 4,951 10 3 By Law-costs .. .. .. .. 387 2 7 Law-costs .. .. .. .. 122 710 Sales of " Index to Laws of New £ s. d. Annual certificates.. .. .. .. 26 5 0 Zealand" .. .. .. 445 13 6 Office fittings and requisites .. .. 20 17 6 Less commission on sales (c) .. 11l 8 5 Postages .. . . .. .. 20 10 0 334 5 1 Printing and stationery .. .. .. 147 14 10 Balance carried down .. .. .. 5,397 9 2 Telephone services.. .. .. .. 79 7 6 Sundry expenses . . .. .. . . 56 3 3 Printing " Index to Laws of New Zealand " . . 300 0 0 Rent (a) .. .. .. .. .. 236 0 0 Depreciation Reserve .. .. .. 158 0 8 £6,118 16 10 £6,118 16 10 £ s. d. £ s. d. To Balance brought down .. .. .. 5,397 9 2 By Excess of expenditure over income .. .. 5,531 19 9 Interest on capital (b) .. .. . . 134 10 7 £5,531 19 9 £5,531 19 9 Notes. —The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value as assessed by Public Works Department; (b) interest at 4f per cent, on capital as at Ist April, 1925 ; (c) commission on sales of " Index to Laws of New Zealand." Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. ..2,989 115 Office furniture .. .. .. .. 28789 Sundry creditors .. . . .. .. 19 10 4 Mechanical appliances .. .. .. 30 0 0 Depreciation Reserve .. .. .. .. 988 19 3 Library— £ s. d. Treasury Adjustment Account .. .. .. 4,702 7 3 Ist April, 1925 .. .. 2,677 7 7 Additions .. .. .. 123 13 0 ——— 2,801 0 7 Sundry debtors .. .. .. .. 15 1 10 Expenses paid in advance .. .. .. 34 17 4 Excess of expenditure over income .. .. 5,531 19 9 £8,700 8 3 £8,700 8 3 22nd July, 1926. Arthur Fair, Solicitor-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, subject to the above departmental notes.—G. F. C. Campbell, Controller and Auditor-General.

B.—l [Pi. IV, SUP. B

CUSTOMS DEPARTMENT. Revenue Account for the Year ended 31st March, 1926. jOr. £ s. d. £ s. d. Cr. £ s. d. To Administrative charges— By Customs and excise duties .. .. 8,573,485 5 6 Salaries .. .. 85,353 7 5 Beer duty .. .. .. .. 630,376 12 2 Pay of non-permanents .. 860 15 8 Warehouse license fees .. .. .. 6,558 14 8 Allowances, overtime, and Customs Agents' license fees .. .. 347 0 0 rewards .. .. 2,392 610 Brewery supervision fees .. .. 1,198 17 8 Expenses of official repre- Hop-beer license fees . . .. .. 124 10 0 sentative, London .. 346 18 11 Customs fines .. .. .. .. 1,176 3 9 Expenses of official repre- Distillation Act license fees .. .. 131 0 0 sentative, New York .. 1,486 11 1 Tobacco Act license fees.. .. .. 394 10 0 Payments to other Depart- Sale and disposal of seizures . . .. 60 17 3 ments for services of Immigration Restriction Act —Chinese pollofficers .. .. 4,961 12 3 tax .. .. .. .. 7,500 0 0 Postage and telegrams and Miscellaneous revenue .. .. .. 1 19 3 rent of boxes.. .. 839 18 3 Printing and stationery .. 1,892 2 6 Telephone services .. 731 7 3 Transfer and removal expenses .. .. 944 5 11 Travelling allowances and expenses .. .. 920 13 3 Rent .. .. .. 4,611 4 10 Maintenance and repairs. . 208 11 7 Miscellaneous expenses of Head Office and local offices .. .. 3,043 211 108,592 18 8 Grant to Cook and Niue Islands Governments .. .. .. .. 1,973 3 10 Depreciation .. . . .. .. 926 17 5 Main Highways Account .. .. 223,699 5 9 Balance carried down .. .. .. 8,886,163 4 7 £9,221,355 10 3 *—==== £9,221,355 10 3 £ s. d. — 1 — To Interest on capital .. .. .. 1,344 4 9 £ s. d. Excess of revenue over expenditure .. 8,884,818 19 10 By Balance brought down .. .. .. 8,886,163 4 7 £8,886,163 4 7 £8,886,163 4 7 Percentage cost of collection = I-18 (£1 3s. 7d.). Note. —The Revenue Account includes charges for rent, interest, 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. Balance-sheet as at 31st March, 1926. Liabilities. Assets. £ s. d. £ s. d. | £ s. d. £ s. d. Capital .. .. .. .. 29,871 18 6 ! Office furniture and fittings .. 7,011 2 2 Sundry creditors — ! Additions during the year . . 98 13 10 Outstanding expenses .. 2,719 10 9 7,109 16 0 Eees received in advance .. 6,757 15 0 Mechanical office appliances .. 650 5 7 Main Highways Account .. 9,917 5 7 Additions during the year .. 130 1 4 19,394 II 4 780 6 11 Deposits Accounts — Buildings .. .. .. .. 13,358 10 9 Customs duties .. .. 87,5321410 Reserves .. .. .. .. 8,852 0 0 Immigration Restriction Act .. 3,090 0 0 Sundry debtors .. .. .. 9,473 6 5 — 90,622 14 10 Deposits Account — Depreciation Reserve .. .. .. 3,527 7 6 Receiver-General .. .. 76,890 0 0 Excess of revenue over expenditure .. ..8,884,818 19 10 Collectors of Customs .. 10,642 14 10 87,532 14 10 Treasury Adjustment Account .. .. 8,901,128 17 1 £9,028,235 12 0 £9,028,235 12 0 11th August, 1926. 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 subject to the above departmental notes. —J. H. Fowler, Deputy Controller and Auditor-General.

B.—l [PT. IV, Sup. B|.

DISCHARGED SOLDIERS SETTLEMENT LOANS ACT 1920 DEPRECIATION FUND ACCOUNT. (Established under section 7, 'Discharged Soldiers Settlement Loans Act, 1920.) Income and Expenditure Account for the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ s. d. To Commission, costs, and expenses .. .. 193 10 0 By Interest on investments .. .. .. 12,510 16 7 Excess of income over expenditure .. .. 12,317 6 7 £12,510 16 7 ' £12,510 16 7 Balance-sheet as at 31st March, 1926. Liabilities. Assets. £ s. d. Accumulated Fund— £ s. d. £ s. d. Investments .. .. .. .. 276,850 0 0 Balance at 31st March, 1925 .. 274,856 8 9 Accrued interest on investments .. .. 3,756 5 5 Add — 1 Cash in Public Account .. .. .. 18,196 12 5 Transferred from Consolidated Fund .. .. .. 50,000 0 0 Excess of income over expenditure for year ended 31st, March, 1926 .. 12,317 6 7 337,173 15 4 Less— Redemptions in terms of section 7, Discharged Soldiers Settlement Loans Act, 1920 38,370 17 6 298,802 17 10 £298,802 17 10 | £298,802 17 10 17th July, 1926. A. D. Park, 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.—l [PT IY, Sup. B].

EXTERNAL AFFAIRS DEPARTMENT. Income and Expenditure Account foe the Yeak ended 31st March, 1926. Expenditure. £s. d. Income. ■ £s. d. To Salaries .. .. .. .. 2,313 13 IBy Balance carried down .. .. .. 26,880 9 1 Advertising; .. .. .. .. 48 11 4 Freight .. .. .. .. .. 0 10 0 Fuel, light, water, &c. .. .. .. 49 0 0 Grants to— Bureau of Tropical Diseases .. .. 100 0 0 Samoan Administration, for educational, medical, and wireless services .. .. 8,000 0 0 Samoan Administration, to cover deficit, 1924-25 .. .. .. .. 2,000 0 0 Samoan Administration, for expenses of upkeep of Apia Observatory .. .. 1,518 011 League of Nations .. .. .. 11,696 17 4 Office fittings (repairs, &c.) .. .. 19 5 10 Postages, &c. .. .. .. .. 317 13 0 Printing and stationery .. .. .. 473 0 6 Telephones, &c. .. .. .. .. 26 13 3 Travelling allowances and expenses .. .. 38 15 4 Depreciation .. .. .. .. 207 8 6 Rent .. .. .. .. .. 80 0 0 £26,889 9 1 £26,889 9 1 £s. d. £ s. d. To Balance brought down .. .. .. 26,889 91 By Excess of expenditure over income.. .. 27,035 19 4 Interest on capital .. .. .. 146 10 3 £27,035 19 4 £27,035 19 4 Note.—The following charges for which the Department possesses no parliamentary appropriation are included: (a) Rental value as assessed by Public Works Department; (b) interest at 4J per cent, on capital as at Ist April, 1925. Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. dCapital .. .. .. .. .. 3,255 18 1 S.s. " Lady Roberts" .. .. .. 2,650 16 0 Sundry creditors .. .. .. .. 2,573 19 9 £ s. d. Depreciation Reserve .. .. .. 433 5 8 Office fittings .. .. 307 4 7 Treasury Adjustment Account .. .. 24,096 8 1 Additions .. .. 50 17 8 358 2 3 Less writings-off in Suspense 2 2 6 — 355 19 9 Photographic film .. .. .. .. 300 0 0 Sundry debtors .. .. .. .. 0118 Official stamps .. .. .. .. 16 410 Excess of expenditure over income .. .. 27,035 19 4 £30,359 11 7 £30,359 11 7 J. D. Gray, 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, subject to the above departmental note. — G. F. C. Campbell, Controller and Auditor-General.

B. —1 [PT. IV, Sup. B].

GOVERNMENT FIRE INSURANCE FUND. (Established under section 5, Public Revenues Amendment Act, 1912.) Revenue Account fob, the Year ended 31st March, 1926. Dr. £ s. d. Cr. £ s. d.. To Accumulated fund as at Ist April, 1925 .. 20,390 17 0 By Claims paid — Contributions— Police Department— Section 5, Public Revenues Amendment Act, Murchison Police-station .. .. 5 0 0 1912 .. . . . . .. 10,000 0 0 Health Department— Education Department .. .. .. 10,000 0 0 St. Helens Hospital, Gisborne .. .. 157 0 0 Public Trust Office—lnterest at 4f per cent, on Post and Telegraph Departbalanceatcred.it .. .. .. 1,573 10 10 ment — £ s. d. Claims due but not paid, 31st £ s. d. Post-office, Rongotea .. 38 10 0 March, 1925 .. .. 4,759 6 4 Post-office, Invercargill .. 35 10 0 Less claims due but not paid, Telegraph stores, Christ31st March, 1926 .. .. 3,969 12 6 church .. .. 20 0 0 789 13 10 — 94 0 0 Education Department— Schools— Epsom .. .. 849 0 0 Waikino .. .. 350 0 0 Waimate .. . . 969 5 2 Wanganui Central . . 12 8 2 Martinborough .. .. 478 1 10 Scarborough . . . . 917 2 0 Woodbank .. .. 15 18 5 Puketapu . . . . 1 19 6 Waipukurau .. . . 41 1 9 Kapuika . . . . 110 0 Tokomaru Bay (Native).. 465 5 0 Whangarata .. . . 350 0 0 Clyde Quay .. .. 500 0 0 Te Horo ' . . .. 149 17 3 Clinton .. . . 500 0 0 Luggate .. .. 20 1 10 5,631 0 11 Less overpayments, 192425 — £ s. d. Reefton .. 12 16 10 Firnside .. 66 11 0 Luggate .. 49 0 0 Whakawhitira 64 14 3 Tokomaru Bay (Native) .. 500 0 0 693 2 1 4,937 18 10 Accumulated fund as at 31st March, 1926 .. 37,560 2 10 £42,754 1 8 £42,754 I 8 Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Accumulated fund as at 31st March, 1926 .. 37,560 210 Amount invested in the Common Fund of the Public Claims due but not paid .. .. .. 3,969 12 6 Trust Office .. .. .. .. 41,225 15 4 Sundry debtors .. .. .. .. 304 0 0 £41,529 15 4 £41,529 15 4 3rd August, 1926. A. D. Park, Accountant to the Treasury, 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.

'2 —B. 1 [PT. IY, SUP. B].

B.—l [PT. IV, SUP. B].

GOVERNMENT LIFE INSURANCE. Revenue Account of the Government Life Insurance Department for the Year ended 31st December, 1925. Dr. £ s. d. Cr. £ s. d. Amount of Funds at Ist January, 1925 6,448,658 5 7 Death claims under assurance policies, Renewal premiums—Assurance, An- including bonus additions .. 182,058 1 0 nuity, and Endowment .. .. 478,583 12 9 Endowment Assurances matured, inNew premiums (including instalments eluding bonus additions .. .. 245,151 18 0 of first year's premiums falling due Endowments matured .. .. 6,628 18 0 in the year) .. .. .. 54,873 0 0 Premiums returned on endowments .. 72 14 8 Single premiums—Assurance and En- Bonuses surrendered for cash .. 4,141 6 9 dowment .. .. .. 4,116 18 3 Annuities .. .. .. 21,451 710 Consideration for Annuities .. 9 22.,791 9 0 Surrenders .. .. .. 30,746 7 1 Interest and Rent.. £364,702 16 7 Loans released by surrender .. 36,582 9 7 Less land and income Commissions, new* .. £36,745 7 9 tax, £10,870 3s. lid; „ renewal 3,645 4 8 property expenses, 40,390 12 5 £4,049 ss. .. 14,919 811 Contribution to Superannuation Fund 1,156 11 0 349,783 7 8 Expenses of management — Salaries £ s. d. Head Office .. 23,706 17 9 Branch offices and agents .. 11,384 4 8 Extra clerical assistance .. .. 1,961 6 9 Medical fees and expenses .. .. 6,562 1 4 Travelling-expenses 902 10 11 Advertising .. 337 9 9 Printing and stationery 1,831 17 4 Rent .. .. 5,748 1 0 Postage and telegrams 1,529 6 3 Exchange .. 34 2 8 General expenses .. 4,810 9 8 Triennial expenses .. 500 0 0 59,308 8 1 Amount of funds, 31et December, 1925 6,731,117 18 10 £7,358,806 13 3 £7,358,806 13 3 * Including agents' allowances.

B.—l [PT. IV, SUP. B].

GOVERNMENT LIFE INSURANCE—continued. Balance-sheet of the Government Life Insurance Department on 31st December, 1925. Liabilities. Assets. £ 3. d. £ s. d. £ s. d. Total Assurance, Annuity, and En- Loans on policies .. .. .. 915,231 1 0 dowment Funds (as per Revenue Government securiAccount) .. .. .. 6,731,117 18 10 tiesClaims admitted, proofs not yet com- Consolidated stock 625,900 0 0 pleted .. .. .. 46,194 6 8 Debentures issued Annuities .. .. .. 458 14 0 under the auCommission .. .. .. 1,504 5 5 thority of the FiMedical fees .. .. .. 520 16 0 nance Act, 1915 40,000 0 0 Premium and other deposits .. 4,619 10 2 New Zealand InSundry creditors .. .. .. 3,450 16 3 scribed Stock— Accident and Fidelity Fund .. 2,040 0 0 War Loans .. 1,200,570 0 0 Investment Fluctuation Reserve .. 204,322 12 7 New Zealand Inscribed Stock — Finance Act, 1919 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 2,176,470 0 0 Municipal Corporation debentures .. 217,460 13 7 County securities .. .. .. 53,973 19 11 Harbour Board debentures .. 31,300 0 0 Town Board debentures .. .. 38,024 0 7 Road Board debentures .. .. 21,800 0 0 Drainage Board debentures .. 1,898 14 11 Power Board debentures .. .. 692,389 1 7 Landed and house property .. 130,868 4 2 Landed and house property (leasehold) 1,505 15 3 Mortgages on property .. .. 2,520,340 0 9 Properties acquired by foreclosure .. 11,800 15 9 Overdue premiums on £ s. d. policies in force .. 8,106 7 4 Outstanding premiums due but not overdue 48,901 13 6 57,008 0 10 Overdue interest .. 4,298 11 9 Outstanding interest due but not overdue 7,295 8 6 Interest accrued but not due .. 88,126 2 4 99,720 2 7 Agents'balances .. .. .. 4,279 16 3 Sundry debtors .. .. 1,974 0 10 Cash in hand and on current account 18,184 11 11 £6.994,228 19 11 £6,994,228 19 11 A. T. Traversi, F.1.A., F.C.A.S., Commissioner. C. Gostelow, F.1.A., Actuary and Secretary. Government Life Insurance Department, 22nd April, 1926. 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.

B.—l [PT. IV, Sup. B].

JUSTICE DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1926. Courts and General. Expenditure. £ s. d. Income. £ s. d. To Salaries— By Supreme Court revenue .. .. .. 48,288 17 0 Judges .. .. .. .. 18,250 0 0 Magistrates'and Wardens' Courts revenue .. 118,505 8 5 Magistrates .. .. .. .. 23,847 11 9 Licensing revenue .. .. .. 2,003 15 0 Staff .. .. .. .. .. 65,836 16 9 Land agents'license fees .. .. .. 1,037 4 3 Travelling allowances and expenses .. .. 10,868 9 11 License fees re King's Counsel .. .. 6 6 0 Transfer and removal expenses .. .. 2,101 311 Estreated recognizances .. .. .. 271 0 0 Advertising .. .. .. .. 131 910 Fees re Shorthand Reporters Act .. .. 35 14 0 Fuel, light, &c. .. .. .. .. 3,537 0 8 Fees re searches, Wardens' Courts .. .. 4 6 0 Printing and stationery .. .. .. 4,642 17 9 Assessed rent, Patent Office and Bankruptcy.. 761 0 0 Postage.. .. .. .. .. 2,696 15 11 Balance, being excess expenditure over income Rents .. .. .. .. .. 1,059 18 10 before charging interest .. .. .. 4,470 11 6 Typewriter repairs .. .. .. 180 9 9 Telephones .. .. .. .. 1,737 19 8 Cleaning Courthouses .. .. .. 2,022 9 3 Commission on money-orders .. .. 309 3 9 Contingencies .. .. .. .. 33 9 5 Cost of inquests .. ... .. .. 5,806 3 6 Criminal, prosecutions .. .. 13,285 7 9 Expenses, Circuit Courts .. .. .. 570 6 8 Expenses under Juries Act .. .. 1,203 13 5 Expenses under Reformatory Institutions Act 3,199 210 Expenses under Shorthand Reporters Act .. 60 11 8 Misappropriations by ex-officer .. .. 162 16 10 Special grants .. .. .. .. 1,865 0 0 Subsidy, Chatham Island steamer service .. 125 0 0 Fees irrecoverable .. .. .. 3 18 0 Depreciation .. .. .. .. 7,533 17 10 Repairs and maintenance .. .. .. 4,312 6 6 £175,384 2 2 £175,384 2 2 £ s. d. £ s. d. To Balance brought down .. .. .. 4,470 11 6 By Balance, being excess expenditure over income 25,899 13 9 Interest on capital .. .. .. 21,429 2 3 . £25,899 13 9 £25,899 13 9 Patent Of/ice. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 3,666 14 2 By Revenue .. .. .. .. 12,932 13 3 Proportion, Head Office administration .. 459 10 0 Advertising .. .. .. .. 21 17 6 Fuel, light, &c. .. .. .. 44 14 9 Printing and stationery .. .. .. 1,875 18 11 Postage .. .. .. .. .. 87 18 5 Typewriter repairs .. .. .. 3 2 1 Contingencies .. .. .. .. 2 12 6 Assessed rent .. .. .. .. 650 0 0 Grant on retirement .. .. .. 332 10 0 Depreciation .. .. .. .. 54 4 0 Interest .. .. .. .. 269 1 9 Balance, being excess income over expenditure 5,464 9 2 £12,932 13 3 £12,932 13 3 Bankruptcy. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 4,698 19 1 By Revenue .. .. .. 11,920 13 10 Proportion, Head Office administration .. 459 10 0 Advertising .. .. .. .. 296 0 5 Commission to Deputy Assignees .. .. 4,625 2 7 Fuel, light, &c. .. .. .. .. 23 11 7 Law-costs .. .. .. .. 46 11 4 Postage .. .. .. .. .. 345 13 11 Printing and stationery .. .. .. 236111 Rents .. .. .. .. .. 610 0 0 Transfer and removal expenses .. .. 149 10 9 Travelling allowance and expenses .. .. 97 8 11 Fidelity-guarantee premiums .. .. 52 10 0 Contingencies .. .. .. .. 1 10 0 Depreciation .. .. .. .. 39 13 2 Interest .. .. .. .. 33 0 7 Balance, being excess income over expenditure 205 9 7 £11,920 13 10 £11,920 13 10 Note.- The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value as assessed by Public Works Department; (6) interest at 4J per cent, on capital as at Ist April, 1925 ; (c) repairs and maintenance.

B.—l [PT. IY, Sup. £].

JUSTICE DEPARTMENT—continued. Balance-sheet as at 31st Mabch, 1926. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital .. .. .. .. 482,916 4 6 Building and sites .. .. .. 439,627 7 5 Sundry creditors .. .. .. 8,505 14 3 Additional .. .. .. .. 7,477 7 7 Suspense Account .. .. .. 318 0 447,104 15 0 Depreciation Reserve.. .. .. 37,713 610 Patent Office library .. .. .. .. 5,000 0 0 Office furniture and fittings .. .. 35,580 111 Additional .. .. .. .. 846 4 11 36,426 6 10 Mechanical appliances .. .. .. 3,002 17 7 Additional .. .. .. .. 447 8 9 3,450 6 4 Motor-vehicles .. .. .. .. 244 14 1 Sundry debtors .. .. .. .. 1,903 16 1 Expenses paid in advance .. .. .. 562 9 9 Treasury Adjustment Account .. .. .. 14,217 0 6 Excess expenditure over income— Courts and general .. .. .. 25,899 13 9 Less excess income over expenditure— £ s. d. Patent Office .. 5,4:64 9 2 Bankruptcy .. 205 9 7 5,669 18 9 — 20,229 15 0 £529,139 3 7 £529,139 3 7 21st July, 1926. R. P. Ward, 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, subject to the above departmental note. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IY, Sup. B].

LAND AND DEEDS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ s. d. To Advertising .. .. .. .. 705 9 0 By General fees .. .. .. .. 106,468 4 4 Draughtsmen's work .. .. .. 14,159 13 2 Compulsory title fees .. .. .. 3,145 15 0 Office equipment .. .. .. .. 2,582 311 Registration of land-and income-tax charges.. 861 811 Travelling-expenses .. .. .. 376 1 8 Land Assurance Fund .. .. .. 10,000 0 0 Office expenses .. .. .. .. 10 2 4 Binding .. .. .. .. 465 8 6 Salaries.. .. .. .. .. 41,412 3 5 Postage and telephones .. .. .. 785 111 Fuel and light .. .. .. .. 437 8 5 Freight and cartage .. .. .. 7 8 6 Rent .. .. .. .. .. 7,956 12 0 Relieving-allowances .. .. .. 35 12 6 Solicitors' admission fees .. .. .. 154 5 0 Alterations to steel shelving and fireproof fittings 45 14 7 Depreciation .. .. .. .. 875 0 9 Balance carried down .. .. .. 50,467 2 7 £120,475 8 3 £120,475 8 3 £ s. d. £ s. d. To Interest on capital .. .. .. 522 12 1 By Balance brought down .. .. .. 50,467 2 7 Excess of income over expenditure after charging interest on capital .. .. .. 49,944 10 6 £50,467 2 7 £50,467 2 7 Note.—The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value as assessed by Public Works Department; (b) interest at 4J per cent, on capital as at Ist April, 1925. Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. £ s. d Capital .. .. .. .. .. 11,613 9 6 Furniture and fittings .. .. 9,586 9 3 Sundry creditors .. .. .. .. 1,430 18 4 Additions .. .. .. 1,744 11 1 Depreciation Reserve .. .. .. 4,499 9 1 11,331 0 4 Writing off Suspense Account .. .. 262 15 1 Mechanical appliances .. .. 1,560 11 3 Additions .. .. .. 447 0 5 2,007 11 8 Library .. .. .. .. 466 9 0 Sundry debtors .. .. .. 1,794 15 0 Excess of income over expenditure .. .. 49,944 10 6 Treasury Adjustment Account .. .. 52,151 6 6 £67,751 2 6 £67,751 2 6 19th July, 1926. C. E. Nalder, Secretary for Land and Deeds. 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, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, Sup. B].

MAIN HIGHWAYS ACCOUNT. CONSTRUCTION FUND. Income and Expenditure on Capital Account for the Year ended 31st March, 1926.

TT-STPTfTTOTTTTTfT? Government Ordinary Main T . , Twrnwc Government Ordinary Main T t ) EXPENDITURE. | Roads> Highways. Total - * INCOME. Roads _ Highways. , 1 otai - To Net expenditure on construction and improve- £ s. d. £ s. d. £ s. d. By Recoveries on account of expenditure of £ s. d. £ s. d. £ s. d. ment of main highways, including cost of previous years — administration by Public Works Depart- Highway District No. 2 .. .. 600 .. 600 ment and accident compensation — „ 4 .. .. 0194 .. 0194 Highway District No. 1 .. .. 19,652 18 5 46,335 19 10 65,988 18 3 2 .. 15,259 2 0 31,880 8 2 47,139 10 2 6 19 4 6 19 4 „ 3 .. 4,752 17 6 6,554 3 8 11,307 1 2 Receipts under section 15 (2), Finance Act, 4 .. 47,374 12 1 25,773 4 6 73,147 16 7 1923, from Public Works Fund, General Pur5 .. 1,733 6 11 13,961 16 4 15,695 3 3 poses Account (amount due)* .. .. .. .. 200,000 0 0 „ 6 .. 19,460 1 3 4,512 17 1 23,972 18 4 Loan raised under Main Highways Act, 1922, 7 .. 49,431 6 8 16,586 4 6 66,017 11 2 (New Zealand Consolidated Stock, 1945) .. .. 542,007 14 0 8 .. 4,511 12 10 9,298 14 8 13,810 7 6 Less cost of raising loan .. .. .. .. 42,007 14 0 9 .. 13,625 4 0 12,809 15 4 '26,434 19 4 500,000 0 0 10 .. ... 160 10 3 7,660 7 1 7,820 17 4 11 .. 1,653 16 10 2,108 1 6 3,761 18 4 12 .. j 38,152 16 3 190 0 8 38,342 16 11 13 .. | 5,001 5 7 14,965X2 6 19,966 18 1 14 .. .. .. 277 4 9 277 4 9 15 .. .. 2,392 11 5 2,392 11 5 16 .. .. ! .. 21,958 19 6 21,958 19 6 17 .. | 1,242 15 7 27 2 5 1,269 18 0 18 .. .. 2,201 10 5 2,201 10 5 # i222,012 6 2 219,494 14 4 441,507 0 6 Balance, being excess of capital income over capital expenditure for year, transferred to Main Highways Construction Fund Account .. .. .. .. .. .. 258,499 18 10 700,006 19 4 700,006 19 4 * Interest on this amount is paid from Consolidated Fund.

B. — 1 [Pt. IV, Snr. B

MAIN HIGHWAYS ACCOUNT— continued. REVENUE FUND. Income and Expenditure Account for the Year ended 31st March, 1926.

EXPENDITURE. Government Boads. ° Highways"' 7 ' Total. INCOME. To Net expenditure on maintenance of main highways — £ s. d. £ s. d. £ s. d. By Income from— £ s. d. Highway District No. 1 .. .. 5,397 14 3 13,376 3 8 18,773 17 11 Tire-tax (sections 13 and 14, Main Highways Act, 1922) .. .. .. 223,699 5 9 ,, 2 .. 60 19 5 21,638 7 10 21,699 7 3 Motor-registration licenses, fees, and fines (section 24, Motor-vehicles Act, 1924) 78,038 0 4 „ 3 .. 10,812 17 3 4,195 8 9 15,008 6 0 Bent of and tolls from ferries .. .. .. .. .. .. 630 11 4 „ 4 .. .. 7,132 6 5 4,775 3 2 11,907 9 7 Interest from investments of— £ s. d. 5 .. 6,715 14 7 23,574 15 10 30,290 10 5 Bevenue Fund .. .. .. .. .. 24,630 3 8 „ 6 .. .. 10,891 4 4 5,100 8 9 15,991 13 1 Construction Fund.. .. .. .. 8,288 9 7 ** ,, 7 .. 5,206 18 11 12,632 13 8 17,839 12 7 32,918 13 3 „ 8 .. .. 13,933 7 5 13,933 7 5 Interest from local bodies on plant purchased on their behalf .. .. 120 IS 2 „ 9 .. 4,117 13 2 15,699 11 8 19,817 4 10 Amount transferred from Consolidated Fund (section 14, Main Highways Act, 10 .. .. 1,277 12 2 15,830 7 10 17,108 0 0 1922) .. .. .. .. .. .. .. .. 35,000 0 0 11 .. .. 6,046 3 0 5,885 19 8 11,932 2 8 12 .. .. 29,594 19 11 265 0 0 29,859 19 11 13 .. .. 3,295 12 5 5,568 11 11 8,864 4 4 14 .. .. .. 8,531 13 5 8,531 13 5 15 .. .. .. 16,445 14 10 16,445 14 10 16 .. .. .. 3,290 5 9 3,290 5 9 17 .. . . " .. 6,111 10 3 6,111 10 3 18 .. .. .. 11,999 12 2 11,999 12 2 90,549 15 10 188,854 16 7 279,404 12 5 Fees and travelling-expenses of members of the Main Highways Board, other than Government members .. .. .. 1,245 17 0 Administration and supervision expenses, including salaries and travellingexpenses of Public Works officers, printing, stationery, postages, and miscellaneous expenses .. .. .. .. .. .. 13,835 12 10 Commission on collection of motor-registration fees by Postal Department .. 2,690 6 6 Depreciation of furniture and fittings .. .. .. .. .. 26 12 3 Recoupment to Consolidated Fund of interest on loans (section 4, Finance Act, 1919) .. .. .. .. .. .. .. 16,504 13 6 Abolition of toll-gates (section 20, Finance Act, 1925) .. .. .. 6,730 14 7 Miscellaneous expenses — £ s. d. •' Accident compensation .. .. .. .. .. 161 17 2 Engineering survey .. .. .. .. .. 220 12 11 Exhibit at Dunedin Exhibition .. .. .. .. 73 18 8 Maps, advertising, &c. .. .. .. .. .. 85 7 6 Traffic tallies .. .. .. .. 36 7 1 578 3 4 Balance, being excess of income over expenditure for year, transferred to accumulated Revenue Fund Account .. .. .. .. 49,390 16 5 £370,407 8 10 £370,407 8 10

B.—l [PT. IV, Sup. B]

MAIN HIGHWAYS ACCOUNT— continued. General Balance-sheet as at 31st March, 1926.

3 —B. 1 [PT. IY, Sup. B]

LIABILITIES. Revenue Fund. Co^™ tion Total. | ASSETS. Revenue Fund. ; Con j?™[ Uon Total. £ s. d. £ s. d. £ s. d. Gash in Treasury — £ s. d. £ s. d. £ s. d. Accumulated Fund .. .. .. 045,285 14 5 251,210 17 2 898,496 11 7 At call .. .. .. .. .. 2,608 14 11 30,104 1 6 32,712 16 5 Sundry creditors .. .. .. 80,849 1 4 90,724 19 10 171,574 1 2 Temporarily invested until required . . .. 652,000 0 0 90,000 0 0 742,000 0 0 Interest accrued on loan .. .. 2,004 13 6 .. 2,004 13 6 Sundry debtors .. .. .. .. 4,250 8 0 2,076 13 6 6,327 1 6 Writings ofi in Suspense .. .. .. 29 18 0 257 17 3 287 15 3 Amount due from Public Works Fund .. .. .. 200,000 0 0 200,000 0 0 Motor-registration fees in hands of Postal Department .. .. .. .. 2,030 9 0 .. 2,030 9 0 Tire-tax in hands of Customs Department .. 9,917 5 7 .. 9,917 5 7 Interest due and accrued .. .. .. 10,838 94 .. 10,838 94 Stocks of material, tools, &c. .. .. .. 4,103 19 10 16,796 7 0 20,900 6 10 Stocks Deficits Suspense Account .. .. 29 18 0 257 17 3 287 15 3 Roadmen's cottages, buts, and road buildings generally .. .. .. 1,513 0 0 2,958 15 0 4,471 15 0 Furniture and fittings — £ s., d. Expenditure to 31/3/26 .. 356 6 9 Depreciation to 31/3/26 .. 45 8 4 ! 310 18 5 .. 310 18 5 Plant and equipment — For Main Highways Board— £ s. d. ! Expenditure to 31/3/26 .. 17,604 0 6 i Less depreciation charged to works .. .. 479 12 6 17,124 8 0 .. 17,124 8 0 Purchased for local bodies — £ s. d. Expenditure to 31/3/26 .. 25,160 0 6 Less instalments of principal — £ s. d. Paid .. 270 9 0 Due .. 1,447 15 4 1,718 4 4 23,441 16 2 .. 23,441 16 2 728,169 7 3 342,193 14 3 1,070,363 1 6 728,169 7 3 342,193 14 3 1,070.363 1 6 I __ J. J. Gibson, Accountant, Public Works Department. 24th July, 1926. C. J. McKenzie, Chairman, Main Highways Board 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 no payment has yet been made into the account as provided by section 16 (d) of the Main Highways Act, 1922. — G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IY, Sup. B].

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS. Combined and Separate Receipts and Payments Statements for the Year ended 31st March, 1926. Receipts.

Totals. Tokerau. Waniopoto i Waiariki. j Tairawhiti. Aotea. \ Ikaroa. South Island. Cash balances at 1st April, 1925 — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. In hand and in bank ' .. .. .. .. 37,847 6 6 3,142 0 6 7,120 14 10 4,783 16 3 5,058 13 11 9,948 0 3 6,194 16 7 1,599 4 2 Remittances in transit .. .. .. ..4, 534 114 .. .. 4,534 11 4 Imprests at Post Office .. .. .. .. 15,414 9 9 1,800 0 0 5,000 0 0 847 15 7 401 2 3 1,101 10 1 3,216 0 10 3,048 1 0 57,796 7 7 4,942 0 6 12,120 14 10 10,166 3 2 5,459 16 2 11,049 10 4 9,410 17 5 4,647 5 2 Withdrawals of principal from amounts on deposit with 135,600 0 0 19,000 0 0 45,250 0 0 18,500 0 0 11,000 0 0 36,100 0 0 5,000 0 0 750 0 0 Native Trust Office 5 193,396 7 7 23,942 0 6 57,370 14 10 28,666 3 2 16,459 16 2 47,149 10 4 14,410 17 5 5,397 5 2 Rents, &c. .. .. .. .. .. 77,783 3 2 4,524 12 10 12,151 9 5 14,907 10 10 26,293 13 3 14,625 9 7 4,732 6 9 548 0 6 Royalties .. .. .. .. .. 20,412 3 5 654 9 4 2,834 0 3 15 8 0 1,896 3 11 7,220 18 0 .. 7,791 3 11 Purchase-money .. .. .. .. .. 131,747 13 2,185 1 2 22,494 15 3 12,977 16 7 46,821 12 7 30,333 11 0 11,024 17 11 5,909 6 9 Compensation for land taken .. .. .. 2,954 10 8 70 0 0 130 0 0 110 6 8 1,389 7 8 1,229 6 6 25 9 10 Tolls .. .. .. .. .. .. 75 6 0 .. .. 75 6 0 Mortgage repayments .. .. .. .. 27,473 1 9 8,264 14 9 1 7,876 4 6 171 7 4 .. 6,300 0 0 4,860 15 2 Other investments matured .. .. .. 2,400 0 0 2,400 0 0; 262,845 6 3 18,098 18 1 45,486 9 5 28,257 15 5 76,400 17 5 59,709 5 1 20,643 9 8 14,248 11 2 Interest received on — Purchase-money .. .. .. .. 2,000 18 10 16 16 5 420 13 2 1,563 9 3 Mortgages .. .. .. .. .. 5,376 0 8 780 16 4 4,367 11 5 227 12 11 Native Trust deposits .. .. .. .. 19,712 12 3 2,964 17 4 7,470 9 3 4,011 9 0 2,161 I 10 1,632 0 1 807 8 11 665 5 10 New Zealand Government war-loans .. .. 67 10 0 .. .. .. .. .. 67 10 0 New Zealand Government debentures under Native 1,318 0 0 108 0 0 .. .. 1,210 0 0 Land Amendment Act, 1913, see. 113 (7) Investments under sec. 92, Native Land Amendment 3,248 6 1 .. .. .. .. 1,846 19 8 1,320 1 5 81 5 0 Act, 1913 31,723 7 10 3,870 10 1 12,258 13 10 5,802 11 2 3,371 1 10 3,478 19 9 2,195 0 4 746 10 10 Commissions (not including transfer from blocks) .. .. 4,020 14 11 363 16 4 1,087 4 10 751 12 4 876 1 1 632 14 5 144 17 11 164 8 0 Receipts in reduction of advances and overdrafts .. 672 5 8 .. .. .. 672 5 8 Advances to other Boards repaid .. .. .. 2,072 11 4 500 6 6 1,572 4 10 Proceeds of sales and other credits from Morikau Farm.. 10,484 11 5 .. .. .. .. 10,484 11 5 13,229 8 5 500 6 6 1,572 4 10 .. 672 5 8 10,484 11 5 Instalments of Treasury loans, Native Land Act, 1909, 69 16 0 69 16 0 sec. 274, recovered Miscellaneous receipts (including sundry deposits for 9,766 5 8 672 19 1 422 15 10 532 3 5 5,293 5 7 2,807 13 9 31 8 6 5 19 6 repayment, refund, and recoveries) 9,836 1 8 Total receipts .. .. .. .. 515,051 6 8 47,518 6 7 118,198 3 7 64,010 5 6 103,073 7 9 124,262 14 9 37,425 13 10 20,562 14 8 Net receipts (not including Native Trust withdrawals and .. 321,654 19 1 23,576 6 1 60,827 8 9 35,344 2 4 86,613 11 7 77,113 4 5 23,014 16 5 15,165 9 6 opening balances)

B.—l [PT. IY, Sup. B]

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS— continued. Combined and Separate Receipts and Payments Statements for the Year ended 31st March, 1926— continued. Payments.

| Totals. Tokerau. Maniopoto Waiariki. Tairawhiti. j Aotea. | Ikaroa. South Island. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Payment to beneficiaries, direct and through Post Office.. 243,635 2 4 13,885 4 9 45,899 4 11 35,370 11 5 56,578 15 6 70,396 2 2 14,303 5 10 7,201 17 9 Miscellaneous payments on behalf of beneficiaries and 32,526 17 11 3,409 4 8 3,131 18 1 3,159 7 1 7,338 8 6 7,432 7 5 663 4 4 7,392 7 10 Boards (including payments of deposits, refunds, &c.) Instalments of principal and interest on Treasury loans 1,210 9 8 925 1 5 .. .. .. 285 8 3 under Native Land Act, 1909, sec. 274 Advances from other Boards repaid .. .. .. 514 16 10 514 16 10 Contributions to Maori Purposes Fund, sec. 3 (3) of Native 90,000 0 0 12,000 0 0 30,250 0 0 14,500 0 0 11,000 0 0 18,400 0 0 3,000 0 0 850 0 0 Land Amendment Act, 1924 367,887 6 9 Administration expenses .. .. .. .. .. 9,809 19 10 1,082 0 10 2,369 6 0 1,500 8 10 1,786 1 9 1,794 13 0 971 6 1 306 3 4 Advances and overdrafts to blocks — Morikau Farm overdraft .. .. .. .. 8,323 13 7 .. .. .. .. 8,323 13 7 Roading expenditure overdraft .. .. .. 1,207 10 6 .. 1,207 10 6 Public Works Department (amount repayable) .. 396 3 8 .. .. .. 396 3 8 Disbursements on behalf of East Coast Commission .. 3,664 1 11 .. .. .. 3,664 1 11 Advances to other Boards .. .. .. .. 516 10 2 .. 516 10 2 14,107 19 10 .. 1,724 0 8 .. 4,060 5 7 8,323 13 7 Investments — : Surplus funds deposited with Native Trustee .. 30,300 0 0 7,000 0 0 10,000 0 0 3,000 0 0 2,700 0 0 7,000 0 0 400 0 0 200 0 0 Interest on Native Trust deposits capitalized .. 15,684 13 4 2,170 9 3 7,470 9 3 2,066 0 7 1,106 14 0 2,200 0 0 300 0 0 371 0 3 Mortgages .. .. .. .. .. 25,020 1 2 2,298 12 0 .. 2,900 0 0 2,786 9 2 3,900 0 0 12,635 0 0 500 0 0 Purchase of land, buildings, office furniture and fittings 3,532 3 0 1,082 4 8 3 10 0 482 17 11 1,793 16 5 169 14 0 74,536 17 6 12,551 5 11 17,473 19 3 8,448 18 6 8,386 19 7 13,269 14 0 13,335 0 0 1,071 0 3 ~ Total payments .. .. .. .. 466,342 3 11 44,367 14 5 100,848 8 11 62,979 5 10 89,150 10 11 119,901 18 5 32,272 16 3 16,821 9 2 Cash balances, 31st March, 1926 — ! In hand and in bank .. .. .. .. 37,250 11 3 1,350 12 2 12,349 14 8 910 14 2 11,410 18 9 3,314 16 10 4,611 8 0 3,302 6 8 Post Office imprests .. .. .. .. 9,046 13 5 1,800 0 0 5,000 0 0 120 5 6 100 0 0 1,045 19 6 541 9 7 438 18 10 Remittances in transit .. .. .. .. 2,411 18 1 .. .. .. 2,411 18 1 48,709 2 9 3,150 12 2 17,349 14 8 1,030 19 8 13,922 16 10 4,360 16 4 5,152 17 7 3,741 5 6 515,051 6 8 47,518 6 7 118,198 3 7 64,010 5 6 103,073 7 9 124, 14 9 37,425 13 10 20,562 14 8

B.—l [Pt. IY, Sup. Bj

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS— continued. Income and Expenditure Account for the Year ended 31st March, 1926.

j Total. | Tokerau. : Manfopoto WaiariM. J Tairawhlti. Aotea. Tkaroa. i South Island. Income. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Net interest oil investments .. .. .. .. .. 16,546 16 9 1,361 1 1 3,944 15 4 3,582 5 0 2,683 8 10 4.141 16 8 491 6 11 342 2 11 Board commissions .. .. .. .. .. .. 5,517 4 4 363 16 4 1,087 4 10 797 18 5 1,490 11 4 1,267 4 0 307 5 9 203 3 8 Sundry credits (registration fees, lease fees, &c.) .. .. .. 191 12 11 14 17 2 97 12 9 5 0 0 42 1 0 29 5 0 2 17 0 Balance (being losses for year) transferred to Appropriation Account .. 460 6 5 .. .. .. .. .. 460 6 5 22,716 0 5 1,739 14 7 5,129 12 11 4,385 3 5 4,216 1 2 5,438 5 8 1,261 16 1 545 6 7 Expenditure. Expenses of management — Contribution towards expenses of Native Department .. .. 8,833 0 0 1,000 0 0 2,245 0 0 1,101 0 0 1,495 0 0 1,476 0 0 1,136 0 0 380 0 0 Audit fees .. .. .. .. .. .. .. 398 13 4 43 6 8 64 0 0 80 0 0 70 0 0 80 0 0 43 13 4 17 13 4 Miscellaneous office and other management expenses .. .. 1,301 15 9 82 0 10 124 6 0 399 8 10 294 15 0 308 12 4 82 2 9 10 10 0 Depreciation on building and furniture .. .. .. .. 321 10 11 7 6 5 6 2 1 68 18 6 .. 239 3 11 Balance (being surplus for year) transferred to Appropriation Account .. 11,861 0 5 607 0 8 2,690 4 10 2,735 16 1 2,356 6 2 3,334 9 5 .. 137 3 3 22,716 0 5 1,739 14 7 5,129 12 11 4,385 3 5 4,216 1 2 5,438 5 8 1,261 16 1 545 6 7

B.—l [PT. IY, Sup. B].

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS— continued. Appropriation Account for the Year ended 31st March, 1926— continued.

Total. I Tokerau. Statopoto Waiariki. I Tairawhiti. Aotea. Ikaroa. South Island. ~ || ' | _ i | ! ' [ Dr. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Unappropriated balances at 1st April, 1925.. .. .. .. 51,553 1 9 3,413 9 6 14,747 8 10 12,007 17 5 6,167 13 11 14,074 2 7 759 8 6 383 1 0 Contribution received from Tokerau Board towards acquisition of office- 1,070 8 8 site, &c. .. 1,070 8 8 Surplus for the year ended 31st March, 1926, from Income and Expendi- 11,861 0 5 607 0 8 2,690 4 10 2,735 16 1 2,356 6 2 3,334 9 5 .. 137 3 3 ture Account 64,484 10 10 4,020 10 2 18,508 2 4 14,743 13 6 8,524 0 1 17,408 12 0 759 8 6 520 4 3 Or. Losses for year ended 31st March, 1925, from Income and Expenditure 460 6 5 .. .. • • • • • • 460 6 5 Accounts Appropriations during year — Sundry expenditure .. .. .. .. .. .. 263 5 6 .. .. .. 139 15 6 123 10 0 Purchase of land, building, office furniture and fittings, &c... .. 3,526 4 0 1,082 4 8 3 10 0 482 17 11 1,787 17 5 169 14 0 4,249 15 11 1,082 4 8 3 10 0 482 17 11 1,927 12 11 293 4 0 460 6 5 Unappropriated balances at 31st March, 1926 .. .. .. 60,234 14 11 2,938 5 6 18,504 12 4 14,260 15 7 6,596 7 2 17,115 8 0 299 2 1 520 4 3 64,484 10 10 4,020 10 2 18,508 2 4 14,743 13 6 8,524 0 1 17,408 12 0 759 8 6 520 4 3

B.—l [PT. IV, Sup. B].

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS— continued. Combined and Separate Balance-sheets as at 31st March, 1926. Liabilities.

—- Totals. Tokerau. JlSiopoto Waiariki. Tairawhiti. | Aotea. Ikaroa. South Island. Liability to Native beneficiaries — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ g. d. £ s. d. Amounts held under Native Land Amendment Act, 1913, sec. 92— Specially invested .. .. .. .. 117,397 8 5 1,903 2 9 43,137 0 0 1,521 18 10 .. 32,367 0 0 36,968 6 10 1,500 0 0 Not specially invested .. .. .. .. 51,538 8 7 955 16 5 4.658 6 2 115 4 4 12,957 9 8 27,844 14 10 3,929 5 1 1,077 12 1 168,935 17 0 Other amounts held — Specially invested .. .. .. .. 23,352 7 7 2,819 12 3 9,608 17 0 2,537 0 10 .. 8,386 17 6 Not specially invested .. .. .. .. 382,869 2 5 43,802 2 7 94.926 19 9 74,016 13 4 73,627 10 4 66,814 17 5 18,631 6 0 11,049 13 0 406,221 10 0 575,157 7 0 49,480 14 0 152,331 2 11 78,190 17 4 86,585 0 0 135,413 9 9 59,528 17 11 13,627 5 1 Sundry amounts held on deposit and in Suspense .. .. 139 89 120 38 19 76116 .. .. 550 18 86 Sundry creditors .. .. .. .. .. .. 460 19 4 10 2 3 48 15 6 4 18 6 . . 18 3 1 284 0 0 95 0 0 Trust receipts receivable (as per contra) .. .. .. 49,588 1 4 1,793 10 7 17,538 13 4 3,284 7 8 2,579 14 11 23,384 17 11 941 3 4 65 13 7 Commissions receivable (not yet earned) .. .. .. 571 17 1 30 7 11 128 16 9 187 6 7 .. 200 16 7 21 8 9 3 0 6 Treasury loans under Native Land Act, 1909, sec. 274 .. .. 15,522 15 0 14,044 12 0 .. .. .. 1,478 3 0 Loan liability on blocks .. .. .. .. .. 33,266 114 .. •• .. 33,266114 Property reserve (amounts appropriated for acquisition .. 23,759 14 2 1,160 2 2 1,137 2 2 2,246 18 4 7,407 17 5 11,807 14 1 of office premises and furniture) Depreciation reserve .. .. .. •• 1,122 15 6 19 0 1 17 15 9 173 8 9 .. 912 10 11 Audit fees reserve .. .. .. .. .. .. 434 18 8 43 6 8 64 0 0 80 0 0 70 0 0 155 12 0 15 0 0 7 0 0 Appropriation Account .. .. .. .. .. 60,234 14 11 2,938 5 6 18,504 12 4 14,260 15 7 6,596 7 2 17,115 8 0 299 2 1 520 4 3 Total liabilities .. .. .. .. 760,259 3 1 69,521 3 2 189,809 0 6 98,505 4 3 103,238 19 6 223,753 6 8 61,094 17 1 14,336 11 11

B.—l [PT. IY, Sup. B].

2nd August, 1926. R. N. Jones, Under-Secretary. I hereby certify that the Statements of Receipts and Payments, Income and Expenditure, and Appropriation Accounts and Balance-sheet have been duly compared with the unaudited accounts and balance-sheets of the respective Maori Land Boards submitted for audit, and correctly state the position as disclosed thereby.— G. F. C. Campbell, Controller and Auditor-General.

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS— continued. Combined and Separate Balance-sheets as at 31st March, 1926— continued. Assets.

—— Totals. | Tokerau. Mairiopoto I Waiariki. Tairawliiti. ! Aotea. Ikaroa. South Island. Cash balance — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. In hand and in bank .. .. .. .. 37,250 11 3 1,350 12 2: 12,349 14 8 910 14 2 11,410 18 9 3,314 16 10 4,611 8 0 3,302 6 8 Post Office imprests .. .. .. .. 9,046 13 5 1,800 0 0 5,000 0 0 120 5 6 100 0 0 1,045 19 6 541 9 7 438 18 10 46,297 4 8 Remittances to Native Trustee in transit .. .. 2,411 18 1 , .. 2,411 18 1 48,709 2 9 3,150 12 2 1 17,349 14 8 1,030 19 8 13,922 16 10 4,360 16 4 5,152 17 7 3,741 5 6 Investments — Trust mortgages (on special investment) .. .. 130,503 18 10 4, 722 15 0 52,745 17 0 4,000 0 0 .. 30,567 0 0 36,968 6 10 1,500 0 0 Other investments — New Zealand Government inscribed stock.. .. 26,300 0 0 .. .. .. 25,000 0 0 1,300 0 0 New Zealand Government war-loan debentures .. 2,000 0 0 ..... .. .. 500 0 0 1,500 0 0 On deposit with Native Trustee .. .. .. 391,241 16 11 37,167 11 4 89,451 8 7 87,066 0 7 50,173 3 6 102,100 0 0 16,298 8 9 8,985 4 2 Company debenture under Native Land Amendment 3,054 13 7 .. .. .. .. 3,054 13 7 Act, 1920, sec. 29 • Board mortgage .. .. .. .. 17,076 16 10 2,647 1 3 , 8,245 0 0 491 8 0 3,543 7 7 2,150 0 0 -570,177 6 2 44,537 7 7 150,442 5 7 91,557 8 7 j 78,716 11 1 139,671 13 7 54,766 15 7 10.485 4 2 Advances on overdraft to blocks .. .. .. 16,622 18 10 4,754 7 9 3,211 5 6 130 12 4 163 17 1 8,117 6 2 204 1 10 4-1 8 2 Morikau Farm Account .. .. .. .. 32,000 0 0 .. .. .. .. 32,000 0 0 Accrued interest on investments .. .. .. 205 17 9 .. .. 62 5 3 .. 143 12 6 Charges on sundry blocks for roading improvements ..1, 266 114 .. .. .. .. 1,266 114 Sundry debtors — Trust receipts (as per contra) — Rents .. .. .. .. .. 19,421 9 9 1,196 11 10 6,931 9 11 3,284 7 8 2,579 14 11 4,948 8 2 420 7 9 60 9 6 Royalties .. .. .. .. .. 12,206 13 6 0 0 6 507 11 1 .. .. 11,699 1 11 Interest .. .. .. .. .. 4,391 7 9 580 6 11 2,829 15 1 .. .. 455 6 1 520 15 7 5 4 1 Purchase-money instalments .. .. .. 13,568 10 4 16 11 4 7,269 17 3 .. .. 6,282 1 9 Board receipts — Sundry miscellaneous transactions .. .. 41 1 10 2 .. .. .. 403 0 2 .. 8 10 0 Interest .. .. .. .. . . 300 17 7 50 3 0 1 2 6 3 13 6 45 2 0 200 16 7 Commission .. .. .. .. .. 568 11 2 30 7 11 128 16 9 188 18 11 .. 195 18 4 21 8 9 3 0 6 100,964 8 2 6,628 9 3 20,879 18 1 3,669 17 8 3,191 14 2 65,309 2 10 1,175 3 11 110 2 3 Land and buildings .. .. .. .. 22,982 15 1 1,055 14 8 1,055 14 8 2,140 16 7 6,685 9 2 12,045 0 0 Office furniture and fittings .. .. .. 1,902 15 11 104 7 6 81 7 6 106 1 9 722 8 3 888 10 11 24,885 11 0 1,160 2 2 1,137 2 2 2,246 18 4 7,407 17 5 12,933 10 11 Loans from Treasury under Native Land Act, 1909, .. 15,522 15 0 14,044 12 0 .. .. 1,478 3 0 see. 274, charged on blocks Total assets .. .. .. .. 760,259 3 1 69,521 3 2 189,809 0 6 98,505 4 3 103,238 19 6 223,753 6 8 61,094 17 1 14,336 11 11

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MARINE DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1926. Expenditure. Income. Head Office— £ s. d. £ s. d. By Shipping and Seamen Act— £ s. d. £ s. d. Salaries .. .. .. 7,880 11 8 Light dues .. .. 82,875 6 3 Office expenses .. .. 1,746 2 1 Engagement and discharge 9,626 13 9 of seamen .. .. 3,664 15 3 Harbours — Survey of ships .. .. 6,137 16 11 Salaries .. .. .. 1,975 16 5 Examination fees.. .. 429 10 0 General maintenance .. 2,319 16 10 Miscellaneous receipts .. 823 14 3 4,295 13 3 93,931 2 8 Lighthouses— Harbours— Salaries .. .. .. 17,575 3 5 Pilotage, port charges, &c... 870 11 8 General maintenance .. 6,644 18 9 Revenue from foreshores .. 5,704 2 4 24,220 2 2 6,574 14 0 Meteorological Branch— Inspection of machinery—• Salaries .. .. .. 1,812 4 9 Inspection fees .. .. 18,001 19 4 Office and general expenses 4,312 7 9 Examination fees.. .. 657 5 0 6,124 12 6 Miscellaneous receipts .. 3 9 6 Mercantile marine— 18,662 13 10 Salaries .. .. .. 20,901 12 7 Fisheries— Office and general expenses 3,724 12 10 Net profit on oysters trans24,626 5 5 ferred from separate Profit Inspection of machinery— and Loss Account attached 2,517 311 Salaries .. .. .. 12,796 18 5 Pishing-boat license fees, re-Travelling-expenses .. 4, 585 0 4 demption fees, royalties, Office and general expenses 3,411 4 0 &c. .. .. .. 505 2 6 20,793 2 9 Rental of toheroa-beds .. 300 0 0 Fisheries— Sale of trout-ova and quinnat Salaries .. .. .. 1,771 7 2 salmon .. .. 70 210 Office and general expenses 1,407 15 4 — • 3,392 9 3 3,179 2 6 Government steamers — Working-expenses of Govern- Fares, freights, &c. .. .. . 3,185 17 8 ment steamers .. .. . . 24,309 19 11 Ross Sea Dependency— Ross Sea Dependency expenses .. 144 15 7 Royalties on whale oil .. .. 1,720 12 6 Miscellaneous services— Miscellaneous revenue— Charts .. .. .. 281 18 3 Sale of charts .. .. 335 2 9 Saleable books and forms .. 273 10 11 Sale of books and forms .. 1,111 18 7 " New Zealand Nautical | Sale of " New Zealand NauAlmanac" .. .. 652 1 2 tical Almanac " .. 146 16 4 Preparation of tide-tables .. 550 0 0 Rents of buildings and reCheeking passenger traffic .. 166 6 1 serves.. .. .. 207 17 8 Shipping-strike conference .. 52 2 9 Miscellaneous receipts .. 16 6 6 Relief of distressed seamen.. 34 11 11 1,818 1 10 Miscellaneous expenses .. 12 19 6 2,023 10 7 Reserve for bad debts .. . . . . 21118 Grants .. .. .. .. 540 0 0 Depreciation .. .. .. .. 8,862 19 6 Balance carried down .. .. .. 517 2 2 £129,285 11 9 £129,285 11 9 £ s. d. £ s. d. To Interest on capital .. .. .. 17,811 11 0 By Balance brought down .. .. .. 517 2 2 Excess expenditure over income after charging interest on capital .. .. .. 17,294 8 10 £17,811 11 0 £17,811 11 0 Notes.—The following charges are included for which the Department possesses no parliamentary appropriation: (a) Services of Customs officers; (b) rental value as assessed by Public Works Department; (c) interest at 4J per cent, on capital as at Ist April, 1925. Depreciation has been allowed for on balances of assets as at Ist April, 1925, the total charge being carried to Depreciation Reserve. Credit has been taken without appropriation for services rendered to the Customs Department.

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MARINE DEPARTMENT—continued. Sale of Oysters, 1925 Season. Trading Account. Dr. £ s. d. Cr. £ s. d. To Salaries and wages .. .. .. 4,412 6 6 By Sales .. .. .. .. 10,205 5 0 Maintenance of ketch and launches .. .. 844 15 4 Freight and cartage .. .. .. 799 1610 Sacks and stores .. .. .. .. 426 15 1 Wharfage and crane dues .. .. .. 88 6 7 Rent, light, &c. .. .. ~ .. 54 3 3 Depreciation of ketch and launches .. .. 336 13 6 Gross profit transferred to Profit and Loss Account .. .. .. .. 3,242 7 11 £10,205 5 0 £10,205 5 0 Profit and Loss Account. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 211 16 0 By Gross profit transferred from Trading Account 3,242 711 Travelling-expenses .. . . . . 9117 Office expenses .. .. .. .. 15 0 0 Printing and stationery .. .. .. 28 310 Advertising .. .. .. .. 4 12 5 Interest on capital .. .. .. 374 10 2 Net profit .. .. .. .. 2,517 311 £3,242 7 11 £3,242 7 11 Balance-sheet as at 31st Mabch, 1926. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 556,032 0 0 Land and buildings .. .. .. .. 37,163 1 3 Sundry creditors .. .. .. .. 8,342 4 6 Lighthouses (including land, towers, buildings, Rentals, &c., paid in advance .. .. .. 19 5 0 furniture, apparatus, and equipment) .. 259,009 16 11 Depreciation Reserve .. .. 46,431 3 8 Automatic lights .. .. .. .. 36,665 4 6 Fog-signals .. .. .. .. .. 397 4 0 Radio direction-finding experiments .. .. 1,971 3 8 Beacons, buoys, and moorings .. .. 7,787 10 2 Government steamers .. .. .. 20,084 9 3 Wharves .. .. .. .. .. 2,354 0 0 Harbour equipment (including boats, flagstaffs, signalling-apparatus, tools, &c.) .. .. 2,044 4 0 Oyster-beds.. .. .. .. .. 122,956 5 8 Oyster ketch and launches .. .. .. 6,518 1 9 Fish-hatcheries and equipment .. .. 2,489 8 8 Fisheries Development Account .. .. 38,934 12 9 Motor-vehicles .. .. .. .. 859 17 2 Horses .. .. .. .. .. 675 7 7 Meteorological instruments and apparatus .. 2,336 10 3 Automatic flashing-lamps .. .. .. 343 12 10 Test-pumps and pressure-gauges .. .. 277 15 0 Office furniture and fittings .. .. .. 5,169 16 0 Mechanical office appliances .. .. .. 970 10 9 Library .. .. .. .. .. 1,433 0 8 Marine stores .. .. .. ..11,859 12 3 Charts, saleable books and forms .. .. 3,450 18 1 National health, pensions, and unemploymentinsurance stamps .. .. . . .. 396 16 0 £ s. .d Sundry debtors .. ..12,575 2 2 Less reserve for rebates, &c. .. 874 9 2 11,700 13 0 Treasury Adjustment Account .. .. 15,680 12 2 Excess expenditure over income .. .. 17,294 8 10 £610,824 13 2 £610,824 13 2 12th July, 1926. 6. C. Godfrey, Secretary. J. E. Engel, 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, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

4—B. 1 [PT. IY, SUP. 81.

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MINES DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1926. Expenditure. Income. £ s. d. £ s. d. £ a. d. To Advertising, &c. .. .. .. 62 17 10 By Interest on loan .. .. .. .. 57 18 0 Assistance to mining— Waimea-Kumara water-sales .. .. 483 3 8 Prospecting .. .. 12,053 9 2 Waimea r Kumara timber royalties .. .. 428 1 3 Maintenance, mining roads .. 2,026 2 8 Territorial revenue under Mining Act .. 178 4 10 Bounty to Onakaka Iron and Registration and other fees .. .. . . 336 10 0 Steel Company (Limited) .. 4,554 18 2 Ooldfields revenue for local bodies .. .. 14,735 17 1 Experiments re coal-dust .. 230 0 0 Balance carried down .. .. .. 38,722 5 5 Experiments re brown coals .. 138 1 11 Libraries in mining townships 13 6 6 Ambulances .. . . 5 0 0 19,020 18 5 Coal Inquiry Board expenses .. . . 931 7 5 Depreciation .. .. .. .. 733 15 0 Drills (maintenance of) .. . . ... 297 4 5 Examinations .. .. .. .. 115 1 3 Freight, cartage, &c. .. .. .. 17 19 6 Fuel, light, water, &c. .. .. .. 41 4 3 Collecting goldfields revenue, and law-costs .. 245 17 5 Kumara jubilee .. .. .. .. 241 14 8 Office requisites .. .. .. .. 35 6 8 Oil-boring licenses —Expenses .. .. 221 5 5 Outfit allowances .. .. .. .. 26 0 0 Postage, telegrams, &c. .. .. .. 199 8 0 Printing and stationery .. .. .. 298 12 7 Rent of offices .. . . .. .. 562 13 2 Salaries .. .. .. .. .. 8,846 6 8 Schools of Mines .. .. .. .. 4,197 15 0 Telephones .. .. .. .. 174 1 11 Travelling expenses and allowances .. .. 1,877 1 2 Waimea-Kumara Water-race maintenance .. 1,332 14 2 Sundry expenses .. .. .. .. 1236 Bad debts, sums irrecoverable, &c. .. . . 714 14 9 Goldfields revenue due to local bodies .. 14,735 17 1 £54,942 0 3 £54,942 0 3 £ s. d. £ s. d. To Balance brought down .. .. .. 38,722 5 5 By Balance .. .. .. .. .. 40,639 7 4 Interest on capital (a) .. .. .. 1,917 1 11 £40,639 7 4 £40,639 7 4 GEOLOGICAL SURVEY. Income and Expenditure Account for the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ s. d. To Advertising, &c. .. .. .. .. 12 14 9 By Sale of bulletins, maps, &c. .. .. .. 28 3 3 Depreciation .. .. .. .. 263 7 8 Balance carried down .. .. .. 6,412 7 7 Freight, cartage, &c. .. .. .. 22 15 6 Fuel, light, water, &c. .. .. .. 26 11 4 Outfit allowances and field expenses .. .. 341 1 6 Postage, telegrams, &c. .. .. .. 22 15 5 Printing and stationery .. .. .. 453 17 9 Rent .. .. .. .. .. 235 0 0 Salaries .. .. .. .. .. 4,100 5 7 Telephones .. .. .. .. 26 5 0 Travelling-expenses .. .. .. 269 7 4 Wages of field hands .. .. . . 665 8 0 Sundry expenses .. .. .. .. 110 £6,440 10 10 £6,440 10 10 £ s. d. £ s. d. To Balance brought down .. .. .. 6,412 7 7 By Balance .. .. .. .. .. 7,010 11 3 Interest on capital (a) .. .. .. 598 3 8 £7,010 11 3 £7,010 11 3 (a.) The following charge is included for which the Department possesses no parliamentary appropriation : Interest at 4-| per cent on capital as at Ist April, 1925.

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MINES DEPARTMENT—continued. THE COAL-MINES ACT, 1925. Revenue Account for the Yeae ended 31st Mabch, 1926. Dr. £ s. d. Cr. £ s. d. To State Forest Service .. .. .. 150 6 4 By Rents and royalties from licenses under the National endowment .. .. .. 711 8 8 Coal-mines Act .. .. .. 25,319 8 5 Primary-education endowments .. .. 883 11 0 Secondary-education endowments .. .. 137 4 3 Land for Settlements Account .. .. 74 0 6 . Greymouth Harbour Board .. .. 1,754 12 9 New Plymouth Harbour Board .. .. 0 8 6 Westport Harbour Account .. .. 15,199 11 2 Territorial revenue carried down .. .. 6,408 5 3 £25,319 8 5 £25,319 8 5 Net Revenue Account. Dr. £ s. d. Cr. £ s. d. To Salaries .. .. .. .. .. 211 810 By Territorial revenue brought down .. .. 6,408 5 3 Depreciation .. .. .. ..14 8 Commission on collections .. .. .. 458 16 6 Printing and stationery .. .. .. 100 0 0 Postages .. .. .. .. 25 0 0 Balance .. .. .. .. 6,529 8 3 £6,867 1 9 £6,867 1 9 Note. —The Revenue Account includes rents for period Ist July, 1925, to 30th June, 1926, and royalties for period Ist January, 1925, to 31st December, 1925. Balance-sheet as at 31st March, 1926. Liabilities. £s. d. Assets. £ s. d. £s. d. Capital .. .. .. .. .. 59,534 4 1 Land.. .. .. .. .. 4,349 0 0 Treasury Adjustment Account . . 30,207 3 8 Buildings .. .. . . .. 378 1 6 Depreciation Reserve .. .. .. 6,224 17 4 Furniture and fittings .. .. .. 1,362 6 9 Sundry creditors .. .. .. .. 15,008 15 6 Mechanical appliances .. .. .. 391 411 Deposits on coal leases, &c. .. .. .. 4,582 18 8 Instruments .. .. .. .. 520 5 9 Receipts, being proportion of consideration on Plant and machinery .. .. 1,277 19 2 assignment of coal leases .. .. .. 75 0 0 Less provisionally written off .. 768 3 4 — 509 15 10 Library, maps, &c. .. .. .. 5,844 5 1 Mineral collections .. .. .. 7,190 15 10 Motor-cars .. .. .. .. 593 18 5 Drills and equipment .. ..11,292 2 5 Less provisionally written off .. 18 16 9 11,273 5 8 Water-races .. .. .. .. 10,909 2 0 Loans to oil-boring companies and others .. .. .. 17,779 14 10 Less reserve .. .. .. 5,000 0 0 12,779 14 10 Sundry debtors .. .. 8,986 17 8 Less provisionally written off .. 3,033 210 5,953 14 10 Rents accrued but not due .. .. 11 16 2 Stores and stocks on hand .. 133 9 5 Less provisionally written off .. 10 0 132 9 5 Suspense Account .. .. .. 3 7 0 Cash in hands of Receivers .. 13,082 7 3 Less in Suspense .. .. 773 2 4 12/309 4 11 Deficiency for year— Mines Department .. .. 40,639 7 4 Geological Survey .. .. 7,010 11 3 47,649 18 7 Less profit from coal revenue 6,529 8 3 41,120 10 4 £115,632 19 3 £115,632 19 3 G. Jas. Anderson, Minister of Mines. 2nd July, 1926. P. G. Peaece, 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, subject to the above departmental note.—G. F. C. Campbell, Controller and Auditor-General.

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NATIONAL PROVIDENT FUND. Revenue Account for the Year ended 31st December, 1925. £ s. d. £ s. d. Amount of fund at beginning of year 1,165,284 311 Maternity claims (section 18) .. 6,888 0 0 Contributions .. .. .. 161,415 11 2 Maternity claims (approved friendly Interest .. .. .. .. 70,560 14 2 societies) .. .. .. 31,650 0 0 Fines .. .. .. .. 842 18 1 Refund of contributions on lapse, reGovernment contribution under Act.. 40,635 17 4 duction, and withdrawal (sections Refund of maternity claims by the 10, 11, 12, and 13) .. .. 38,715 7 2 State .. .. .. .. 38,538 0 0 Incapacity allowances (sections 16 and Contributions overpaid on exit .. 18 11 5 17), including contributions waived Benefits refunded on exit .. .. 3,442 19 6 on incapacity (£260 9s. Id.) .. 1,877 1 10 Miscellaneous receipts .. .. 18 4 Death: Refund of contributions (sections 14 (5) and 15) .. .. 4,832 4 11 Death: Allowances on account of widows and children (section 14) .. 6,940 19 7 Retirement: Allowances (section 12) 11,850 14 3 Refund of contributions overpaid on exit .. .. .. .. 18 11 5 Amount of fund at end of year .. 1,377,967 4 9 £1,480,740 3 11 £1,480,740 3 11 Balance-sheet as at 31st December, 1925. Liabilities. £ a. d. Assets. £ s. d. Fund as per Revenue Account .. 1,377,967 4 9 In hands of Public Trustee— Claims due and in course of payment— Invested .. .. 1,30S ,383 7 11 Maternity .. .. .. 2,382 5 6 Uninvested .. ... .. 14,126 10 5 Death (section 15) .. .. 381 14 7 Balance with Post Office .. .. 3,387 6 4 Death: Allowances (section 14) .. 258 7 7 Balances in transit .. .. 10,288 15 3 Allowances (section 12) .. 521 8 1 Contributions outstanding or in course Allowances (section 16) .. .. 97 7 4 of transmission*—• Refunds in suspense .. .. 24,475 19 11 (a.) Contributions due but not Deposits on incomplete applications to overdue .. .. 11,870 3 6 join fund .. .. .. 0 4 8 (b.) Contributions overdue .. 3,340 14 7 Suspense Account .. .. 82 8 8 Government subsidy due under Act* 40,635 17 4 Contributions prepaid .. .. 5,390 411 Refund due in respect of maternity Investment Fluctuation Reserve (by claims* .. .. .. 4,330 0 0 transfer from refunds unclaimed) .. 9,622 19 11 Fines due* .. .. .. 417 11 9 Interest due* .. .. .. 5,655 3 1 Interest accrued, but not due* .. 18,744 15 9 £1,421,180 5 11 £1,421,180 5 11 * Included in Revenue Account. G. S. Nicoll, Bth June, 1926. Secretary to the Board. 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.

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NATIVE TRUST OFFICE. Revenue Account for the Year ended 31st March, 1926. Dr. Cr. ' £ s. d. To Salaries — £s.d.£s. d. By Commission, fees, and charges 4,265 3 4 Permanent .. .. .. 7,015 13 5 Net interest on investments.. 13,184 11 8 Non-permanent .. .. 848 9 10 7,864 3 3 Additions, improvements, repairs, maintenance, and insurance of premises, plant, &c. — Office furniture .. .. 20 5 5 Office instruments and machinery 19 14 10 Office insurance .. .. 12 4 0 Motor-vehicles .. .. 160 10 5 212 14 8 Audit fees for inspection of accounts .. .. 50 0 0 Maori Ethnological Research Fund, contribution towards .. .. .. .. .. 250 0 0 Native Trust Office Board—Fees to members .. 30 0 0 Overtime and meal allowances .. .. 113 7 3 Postages, telegrams, and rent of boxes.. .. 170 8 1 Post and Telegraph Department—Payment for services .. .. .. .. .. 80 2 6 Printing and stationery .. .. .. 321 7 11 Public Service Superannuation Board, contribution towards .. .. .. .. 180 19 8 Rent .. .. .. .. .. 266 13 4 Services for cleaning, &c. .. .. .. 183 13 1 Telephone charges .. .. .. .. 102 11 6 Travelling-expenses— £ s. d. Removal, &c., of officers .. 14 7 4 Officers on duty .. .. 415 11 5 429 18 9 Contingencies .. .. .. .. 22 1 3 Depreciation of office fittings, furniture, plant, &c. 317 11 0 Net profit to Appropriation Account .. .. 6,854 2 9 £17,449 15 0 £17,449 15 0 Appropriation Account for the Year ended 31st March, 1926. Dr. £s.d. | Gr. £ s. d. To Reserve and Assurance Fund .. 6,169 2 9 By Net profit for year ended 31st March, Investment Fluctuation Fund .. 685 0 0 1926, transferred.. .. .. 6,854 2 9 £6,854 2 9 £6,854 2 9 Balance-sheet as at 31st March, 1926. Amounts held under— £s. d. Sundry assets— £s. d. £ s. d. £ s. d. West Coast Settlement Re- Office fittings .. 309 18 0 serves Act, 1892 .. 61,439 17 4 Less depreciation .. 133 5 0 Native Reserves Act, 1882 49,032 0 11 176 13 0 Native Land Act, 1909 Office furniture .. 481 1 1 (Part X) .. .. 131,040 2 5 Less depreciation .. 55 12 6 Native Land Act, 1909 425 8 7 (Miscellaneous) .. 39,035 11 5 Office instruments and Native Trustee Act, 1920, machinery .. 309 16 0 and amendments .. 30,461 17 5 Less depreciation .. 63 17 0 Miscellaneous funds (including 245 19 0 Maori Land Board accounts) 485,407 2 1 Motor-vehicles .. 625 11 3 Sundry creditors .. .. 57 511 Less depreciation .. 64 16 6 Reserve and Assurance Fund 53,320 19 7 — 560 14 9 Investment Fluctuation Fund 5,952 II 9 Stationery .. .. .. 150 3 0 1,558 18 4 Stocks, bonds and debentures — Government securities .. 65,000 0 0 Local bodies'securities .. .. 195,290 0 0 260,290 0 0 Mortgages (including special investments) .. .. .. .. 551,788 6 9 Interest due and accrued .. .. .. 15,977 14 1 Sundry debtors—Advances to accounts, &c. .. .. .. .. 1,262 5 1 Balances— At bank "77 —77 .. 591 0 7 .With agents .. .. .. 24,271 3 6 Cash in hand .. . . .. 8 0 6 —— — 24,870 4 7 £855,747 8 10 £855,747 8 10 W. E. Rawson, Native Trustee. 11th April, 1926. 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 accordancc therewith. —G. F. C. Campbell, Controller and Auditor-General.

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NAURU AND OCEAN ISLANDS ACCOUNT. Revenue Account for the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d" To Interest on debentures .. .. .. 29,843 811 By Annual payment from British Phosphate ComAdministration charges .. .. .. 500 0 0 mission .. .. .. . . 35,848 11 2 Audit charges .. .. .. .. 710 0 Interest on investments .. .. .. 1,894 10 3 General expenses .. .. .. 12 3 Balance to Appropriation Account .. .. 7,391 0 3 £37,743 1 5 £37,743 1 5 Appropriation Account for the Year ended 31st March, 1926. Dr. £ s. d. Cr. £ s. d. To Sinking Fund Reserve .. .. .. 11,045 2 3 By Balance, Ist April, 1925 .. .. .. 19,970 I 9 Balance, 31st. March, 1926 .. .. 16,315 19 9 Revenue Account .. .. .. 7,391 0 3 £27,361 2 0 £27,361 2 0 Capital Account for the Year ended 31st March, 1926. Receipts. £ s. d. ; Payments. £ s. d. To Balance, Ist April, 1925 .. .. .. 34,960 0 0 By Debentures redeemed .. .. .. 34,960 0 0 £34,960 0 0 j £34,960 0 0 Balance-sheet as at 31st March, 1926. Liabilities. Assets. Loan raised under section 15, £ s. d. £ s. d. Share (16 per cent.) Nauru and Ocean Islands £ s. d. Finance Act, 1920 .. 600,000 0 0 phosphate rights .. .. .. .. 565,040 0 0 Less debentures redeemed . . 60,150 0 0 Proportion of annual payments from British 539,850 0 0 Phosphate Commission and other interest acInterest accrued .. .. .. .. 9,706 9 2 crued but not due .. .. .. 27,716 15 8 Reserve Account .. .. .. .. 25,190 0 0 Cash in Public Account .. .. .. 3,144 6 9 Sinking Fund Reserve .. .. .. 4,838 13 6 Appropriation Account .. .. .. 16,31519 9 £595,901 2 5 £595,901 2 5 Notes. —Debentures amounting to £25,190 have been redeemed out of Sinking Fund. The accounts of the British Phosphate Commission for the year ended 30th June, 1925, are published herewith. A. R. Stone, 26th July, 1926. Accountant, Department of Agriculture. 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.—J. H. Fowler, Deputy Controller and Auditor-General. THE BRITISH PHOSPHATE COMMISSION. Trading Account for the Year ended 30th June, 1925. Dr. £ s. d. Cr. £ s. d. F.o.b. cost of phosphate, including interest on Phosphate sales, and sundry credits, less freight capital, contribution to a sinking fund for the and insurance, &c. .. .. .. 705,293 3 3 redemption of capital, and other charges in accordance with Article 11 of Agreement of the 2nd July, 1919 .. .. .. .. 635,675 4 4 Government Appropriation Account .. .. 69,617 18 11 £705,293 3 3 £705,293 3 3 Balance-sheet, 30th June, 1925. Liabilities. £ s. d. Assets. £ s. d. United Kingdom Government .. .. 1,454,431 18 6 Nauru and Ocean Island Phosphate rights, Commonwealth Government .. .. 1,454,431 18 6 buildings and plant, and steamer "Nauru New Zealand Government .. .. .. 554,069 6 6 Chief," less reserves for depreciation and | other charges in accordance with Article 11 3,462,933 3 6 of Agreement of the 2nd July, 1919 .. 2,934,423 6 6 Sinking Fund for redemption of capital .. 68,566 16 6 Sundry debtors, and bills receivable.. .. 232,055 1 7 Sundry creditors and outstandings .. .. 84,868 19 6 Voyages in progress .. .. .. 14,080 6 8 Government Appropriation Account .. 69,617 18 11 Phosphate and goods in transit .. .. 18,750 911 Stocks at Nauru and Ocean Island and Australia .. .. .. .. .. 247,514 15 11 Cash at banks and in hand .. .. 239,162 17 10 £3,685,986 18 5" £3,685,986 18 5 We have examined the foregoing Balance-sheet with the books and vouchers of the British Phosphate Commission and the audited accounts from London. We have accepted the certificates of officers of the Commission for the valuation of the stocks. We have obtained all the information and explanations we have required. In our opinion the Balance-sheet is properly drawn up so as to exhibit a true and correct view of the state of the Commission's affairs according to the best of our information and the explanations given to us and as shown by the books of the Commission. Kent, Brierley, and Sully, Public Accountants, Auditors. Melbourne, 23rd March, 1926.

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NAVAL DEFENCE. Statement of Receipts and Payments fob the Year ended 31st March, 1926. Receipts. £ s. d. Payments. £ s. dTo Pay, clothing, and victualling— By Pull pay and wages — Pay, administrative staff .. .. 14 0 Administrative staff .. .. .. 4,089 11 2 "Pay, officers, and ships .. .. .. 1,888 1 9 Officers and ships'companies .. .. 166,816 19 0 Clothing purchases .. .. .. 5,502 19 8 Charges for and incidental to administration Victualling of personnel .. .. .. 4,009 8 3 expenses of allotments .. .. .. 213 0 0 Admiralty, on account of coal .. .. 765 1 6 Clothing, Implements, and Victualling AcSale of stores, &c. .. .. .. 1,715 1 0 count— Rent .. .. .. .. .. 43 18 0 Clothing purchases .. .. .. 11,241 11 11 Miscellaneous — Kit-upkeep allowance .. .. .. 5,472 17 6 Purchase of mess-traps .. .. .. 36 0 1 Purchase of mess-traps .. .. .. 1,509 6 2 Leave allowance .. .. .. 615 6 Leave allowance .. .. .. 2,575 9 2 Medical treatment .. .. .. 91 10 6 Victualling of personnel .. .. .. 29,529 7 7 Erection of oil-tanks .. .. .. 20 0 2 Medical services— Advertising, &c. .. .. .. 4 10 Dental treatment ashore . . .. 363 11 0 Allowances in lieu of quarters .. .. 18 0 Medical examination of recruits .. .. 139 13 0 Freight, &c. .. .. .. .. 97 9 1 Medical treatment ashore .. .. 1,215 14 1 Gunnery and Torpedo Efficiency Fund .. 011 9 Stores, medical.. .. .. .. 313 7 4 Passages, &c. .. .. .. .. 156 8 2 Repairs, alterations, docking, &c.—• Postages, &c. .. .. .. .. 64 15 1 H.M.S. " Diomede " .. .. .. 16 0 1 Printing and stationery .. .. .. 419 6 H.M.S. " Dunedin" .. .. .. 1,307 410 Typewriter repairs, &c. .. .. .. 7 17 6 H.M.S. " Philomel" .. .. .. 600 0 3 Deferred pay, &c. .. .. .. 24 14 5 Contribution for priority use Calliope Dock 5,000 0 0 Net issues from Treasury .. .. .. 441,203 1 3 Removal machinery H.M.S. " Philomel " .. 31 16 3 Fuel and lighting— H.M.S. " Dunedin " : Fuel on passage out .. 6,000 0 0 Oiler " Nucula" .. .. .. 13,713 16 6 Coal, H.M.S. " Philomel " .. .. 395 5 0 Coal stocks, Auckland and Suva .. .. 1,201 7 2 Electricity from shore .. .. .. 1,143 5 2 Gas for buildings .. .. .. 42 11 0 Oil-fuel to H.M. ships .. .. .. 33,656 2 0 Oil for tank at Auckland .. .. 14,590 2 6 Stores— Naval engineers, &c. .. .. .. 60,744 410 Guns for local defence vessels .. .. 15,586 811 Works capital— Naval store, erection of.. .. .. 516191 Erection of oil-tanks .. .. .. 13,505 6 8 Purchase of land for expansions .. .. 644 18 0 Erection of a laboratory.. .. .. 102 18 0 Store for D.E.M.S. guns.. .. .. 384 14 10 Store for reserve torpedoes .. .. 246 19 10 Works, expenditure on— Additional berthing, H.M. ships .. .. 3,756 1 2 Emergency sick-quarters .. .. 9 16 4 Maintenance of dockyard, &c. .. .. 121 16 10 Upkeep, &c., of recreation-ground .. 44 3 1 Reserves: Courses of instruction &c. .. 3,615 19 11 Miscellaneous effective services— Advertising, &c. .. .. .. 358 18 0 Allowances in lieu of quarters .. .. 449 15 7 Bonuses to recruiters .. .. .. 52 0 0 Cleaning Navy Office .. .. .. 65 0 0 Compensation for injuries, &c. .. .. 166 7 6 Freight, &e. .. .. .. .. 5,563 5 0 Gunnery and Torpedo Efficiency Fund .. 74 18 7 Interments .. .. .. .. 18 8 0 Office fittings .. .. .. .. 83 2 2 Passages, &c. .. .. .. .. 11,926 6 10 Playing harmonium .. .. .. 6 15 0 Postages, &c. .. .. .. .. 512 19 5 Printing and stationery .. .. .. 450 1 5 Rebate of duty.. .. .. .. 2 18 7 Rentof Navy Office .. .. .. 462 17 5 Telephone services .. .. .. 1781311 Training Service Fund .. .. .. 129 9 11 Purchase of trawler .. .. .. 6,113 18 6 Typewriter repairs, &c. .. .. .. 109 7 1 Non-effective services— Unemployment Fund .. .. .. 101 14 6 Deferred pay .. .. .. .. 26,906 1 6 National health insurance to Admiralty .. 337 1 9 Contingencies— Breakages at Trentham Camp .. .. 7 16 Burning of refuse .. .. .. 2 4 0 Exchange paid .. .. .. .. 5 5 3 Electrifying exhibition stand .. .. 36 5 0 Shorthand notes, Judge - Advocate, Crown Prosecutor and examiner .. .. 17 14 0 General average paid .. .. .. 779 10 0 War gratuities to Native ratings .. .. 59 10 0 Photograph of late Right Hon. W. F. Massey 1 .12 6 Miscellaneous, as per High Commissioner's cable .. .. .. .. 148 14 6 New Zealand and South Seas Exhibition .. 58 18 4 Unauthorized : Deferred pay, April, 1926 .. 0 4 3 £455,645 6 2 £455,645 6 2 Wellington, 22nd April, 1926. 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.

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NEW ZEALAND CONSOLS ACCOUNT. Income and Expenditure Account for the Period Ist April, 1925, to Ist October, 1925.' Expenditure. £ a. d. Income. £ s. d. To Excess of income over expenditure .. .. 9,488 17 4 By Interest on investments .. .. .. 9,488 17 4 To Excess of expenditure over income to 31st March, £ s. d. By Excess of income over expenditure for period £ s. d. 1925 .. .. .. .. .. 1,502 14 5 ended Ist October, 1925 .. .. .. 9,488 17 4 Balance—net excess of income over expenditure 7,986 2 11 £9,488 17 4 £9,488 17 4 Balance-sheet as at Ist October, 1925. Liabilities. £ s. d. Assets. £ s. d. Interest due and unpaid on loans .. .. 0 8 9 Treasury Adjustment Account .. .. .. 7,986 11 8 Income and Expenditure Account: Net excess of income over expenditure .. .. .. 7,986 2 11 £7,986 11 8 £7,986 11 8 Note.—The New Zealand Consols Account was closed as from the Ist October, 1925, and the balance transferred to Consolidated Fund in accordance with section 11 of the Finance Act, 1925. 26th June, 1926. A. D. Park, 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-. P. C. Campbell, Controller and Auditor-General.

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NEW ZEALAND STATE COAL-MINES. Statement of General Profit and Loss Account for the Year ended 31st March, 1926. Dr. £ e. d. £ s. d. Cr. £ s. d. £ s. d. To Liverpool Colliery Trade Ex- By Liverpool Colliery Working penses Account .. .. 80,998 14 0 Account—Gross profit . . 82,487 11 5 James Colliery Trade Ex- James Colliery Working Acpenses Account .. .. 18,481 11 10 count —Gross profit .. 17,490 311 Wellington Depot Trade Ex- Wellington Depot Trading Acpenses Account .. .. 9,087 10 8 count —Gross profit .. 9,072 2 2 Christchurch Depot Trade Ex- Christchureh Depot Trading penses Account .. .. 4,797 12 11 Account —Gross profit .. 7,394 17 4 Wanganui Depot Trade Ex- Wanganui Depot Trading Acpenses Account .. .. 1,953 13 7 count —Gross profit .. 1,882 13 4 115,319 3 0 Seddonville Colliery—Recoveries 68 8 8 Balance—Profit for year carried Point Elizabeth Colliery—Redown .. .. .. .. 6,415 5 1 coveries .. .. 1,487 13 3 Liverpool Colliery —Rents .. 639 4 9 — 120,522 14 10 Interest on investments .. .. 1,211 13 3 £121,734 8 1 £121,734 8 1 £ s. d. £ s. d. Sinking Fund Account for redemption Balance —Profit for year 1925-26 .. .. 6,415 5 1 of loan capital .. . . .. 4,552 0 5 Balance —Net profit for year .. 1,863 4 8 £6,415 5 1 £6,415 5 1 Statement of Liverpool Colliery Working Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d To Stock on hand at 31st March, By Sales of coal .. . . 149,977 17 9 1925 .. .. .. .. 3,616 310 Sales of stores and hire of plant 6,654 1 4 Coal-winning— 156,631 19 1 Wages .. . . .. 60,630 15 0 Stock of coal on hand at 31st Stores and materials used .. 5,916 12 5 March, 1926, at mine and Railway tickets .. .. 512 16 6 wharf .. .. .. .. 4,814 0 9 Special trains .. .. 1,763 15 0 Stores and plant sales (at cost) 5,340 16 10 Coal purchased .. .. 323 11 7 Special rate .. .. 853 17 3 75,342 4 7 Balance —Gross profit ~ .. 82,487 11 5 £161,445 19 10 £161,445 19 10 Statement of Liverpool Colliery Profit and Loss Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Cr. £ s. d. To Management and office salaries 2,912 5 9 By Gross profit at mine .. .. .. 82,487 11 5 Interest .. .. .. 4,640 17 5 Rents .. .. .. .. .. 639 4 9 Travelling-expenses .. .. 156 4 10 Printing and stationery .. 255 3 8 Repairs and maintenance .. 4,867 14 1 Telegrams and postages .. 157 12 1 Railway haulage .. ..11,716 5 2 Insurances .. .. .. 94 19 6 Compensation for accidents .. 3,074 9 7 Sick and Accident Fund . . 212 8 8 General expenses . . .. 389 4 8 Marine freights .. ..39,827 910 Audit fees .. .. .. 93 1 8 Wharfage .. .. .. 2,561 11 9 Stores adjustment and losses .. 62 19 5 Depreciation—Mine, buildings, plant, and machinery 9,976 5 11 « 80,998 14 0 Balanoe—Net profit .. .. .. 2,12822 £83,126 16 2 £83,126 16 2

s—B. 1 [PT. IV, SUP. Bj,

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NEW ZEALAND STATE COAL-MINES —continued. Statement or James Colliery Working Account for the Year ended 31st March, 1926. Dr. £ s. d. £ a. d. Or. £ s. d. To Stock 011 hand at 31st March, By Sales coal .. .. .. .. 34,762 7 8 1925 .. .. .. .. 432 17 3 Stock on hand at 31st March, 1926, at mine Coal-winning— and wharf .. .. .. .. 664 9 2 Wages .. .. .. 16,202 16 8 Stores and materials used . . 601 4 5 Subsidized bus-fares, &c. .. 216 1 6 Coal purchased .. .. 68 2 4 Special rate .. .. 138 10 3 Royalty .. .. .. 277 0 6 — 17,503 15 8 Balance —Gross profit .. .. 17,490 3 11 £35,426 16 10 £35,426 16 10 Statement of James Colliery Profit and Loss Account for the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d. To Management and office salaries .. .. 704 411 By Gross profit at mine .. .. .. 17,490 311 Rents .. .. .. .. .. 20 16 8 Balanoe—Net loss .. .. .. 991 7 11 Interest .. .. .. .. .. 1,694 1 5 Travelling-expenses .. .. .. 39 1 2 Printing and stationery .. .. .. 65 17 8 Repairs and maintenance .. .. .. 534 1 0 Telegrams and postages .. .. .. 38 3 0 Railway haulage .. .. .. .. 1,961 19 2 Insurance .. .. .. .. 16 1 9 Compensation .. .. .. .. 163 11 10 Sick and Accident Fund .. .. .. 46 18 1 General expenses .. .. . . .. 16 0 8 Marine freights .. .. .. .. 9,653 18 9 Audit fees .. .. .. .. 18 11 8 Wharfage .. .. .. .. 415 10 9 Road repairs and subsidy .. .. .. 209 17 1.1 Reserve for bad debts .. .. .. 14 7 0 Depreciation .. .. .. .. 2,868 8 5 £18,481 11 10 £18,481 11 10 Wellington Depot Trading Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Stocks on hand at 31st March, By Sales of coal .. .. 88,934 12 1 1925 .. .. .. .. 3,727 15 3 Sales of firewood, coke, &c. .. 5,696 6 9 Purchases of coal .. ..79,020 18 3 94,630 18 10 Purchases of firewood, coke, &c. 3,739 17 10 Stocks on hand at 31st March, 82,760 16 1 1926— Wharfage .. .. .. .. 784 15 8 Coal .. .. .. 2,781 14 6 Cartage to depot .. .. .. 933 11 9 Firewood, coke, &c. .. 155 19 5 Wages—Trimming .. .. .. 289 11 10 — 2,937 13 11 Balance—Gross profit .. .. 9,072 2 2 £97,568 12 9 £97,568 12 9 Wellington Depot Profit and Loss Account for the Year ended 31st March, 1926. Dr. £ s. d. Cr. £ s. d. ToWages .. .. .. .. .. 1,447 8 3 By Balance of Trading Account .. .. 9,072 2 2 Salaries .. .. .. .. .. 1,400 4 0 Balance—Net loss .. .. .. 15 8 6 Rents .. .. .. .. .. 856 0 0 Rates .. .. .. .. .. 314 19 9 Interest .. .. .. .. .. 159 11 7 Travelling expenses and allowances .. .. 49 13 3 Repairs and maintenance .. .. .. 410 15 0 Telegrams and postages .. .. .. 62 311 Printing and stationery .. .. .. 52 6 7 Insurances .. .. .. .. 41 5 3 Cartage.. .. .. .. .. 3,334 16 4 Saoks .. .. .. .. .. 165 0 7 Freights, &c. .. .. .. .. 85 10 7 General expenses .. .. .. .. 165 14 5 Audit fees .. .. .. .. 24 0 0 Compensation .. .. .. .. 40 19 2 Depreciation .. .. .. .. 477 2 0 £9,087 10 8 £9,087 10 8

B.— 1 [PT. IY, SUP. B].

NEW ZEALAND STATE COAL-MlNES—co^mted. Christchurch Depot Trading Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Stocks on hand at 31st March, By Sales of coal .. .. 69,550 1 10 1925 .. .. .. .. 3,554 18 6 Sales of firewood, coke, &c. .. 1,187 10 0 Purchases of coal .. .. 47,662 1 2 70,737 II 10 Purchases of firewood, coke, &c. 637 12 7 Stocks on hand at 31st March, 48,299 13 9 1926— Haulage to depot .. .. .. 15,318 8 8 Coal .. .. .. 3,686 1 11 Wages—Discharging .. .. .. 202 9 9 Firewood, coke, &c... .. 346 14 3 Gross profit .. .. .. .. 7,394 17 4 — 4,032 16 2 £74,770 8 0 £74,770 8 0 Ohristchurch Depot Profit and Loss Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Cr. £ s. d. ToWages .. .. .. 1,185 13 5 By Balance of Trading Aocount .. .. 7,394 17 4 Salaries .. .. . . 878 12 5 Rents .. .. .. 116 3 8 Interest .. .. .. 94 2 6 Travelling-expenses .. . . 10 18 2 Repairs and maintenance . . 241 7 9 Telegrams and postages . . 44 10 11 Printing and stationery . . 30 13 8 Insurances .. .. .. 5 12 5 Cartage .. .. .. 1,581 6 8 Sacks .. .. .. 94 12 8 Freights .. .. .. 12 2 1 General expenses .. .. 94 7 1 Audit fees .. .. . . 34 0 0 Compensation .. . . 40 19 1 Reserve for bad debts .. 2 19 5 Depreciation.. .. .. 329 11 0 4,797 12 11 Net profit .. .. .. .. 2,597 4 5 £7,394 17 4 £7,394 17 4 Wanganui Depot Trading Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Stocks on hand at 31st March, By Sales of coal .. .. 32,684 17 2 1925 .. . . .. .. 1,158 6 0 Sales of firewood, coke, &c. .. 691 8 11 Purchases of coal .. .. 30,393 1 4 — 33,376 6 1 Purchases of firewood, coke, &c. 411 8 5 Stocks on hand at 31st March, 30,804 9 9 1926— Haulage to depot .. .. .. 372 6 9 Coal .. .. .. 709 17 7 Wages-—Discharging .. .. .. 33 3 1 Firewood, coke, &c... .. 164 15 3 Gross profit .. .. .. .. 1,882 13 4 874 12 10 £34,250 18 11 £34,250 18 11 Wanganui Depot Profit and Loss Account for the Year ended 31st March, 192-6. Dr. £ s. d. Gr. £ s. d. ToWages .. .. .. .. •• 428 16 0 By Balance of Trading Account .. .. 1,882 13 4 Salaries .. .. .. .. .. 442 15 7 Balance —Net loss .. .. .. .. 71 0 3 Rents .. .. •. • • • • 191 16 8 Interest .. .. .. .. • • 55 15 9 Travelling-expenses .. .. .. .. 35 16 4 Repairs and maintenance .. .. 118 10 11 Telegrams and postages .. .. .. 23 11 11 Printing and stationery .. .. .. 6 5 5 Insurance .. .. .. .. .. 119 0 Cartage .. .. .. .• .• 382 17 2 Sacks .. .. . • •• •• 20 19 0 - Freights, &c. .. .. .. • • 6 8 8 General expenses ... .. .. •• 40 17 2 Audit fees .. .. .. . • • • 19 6 8 Compensation .. .. .. . • 25 7 3 Depreciation .. .. .. . • 143 0 1 i £1,953 13 7 £1,953 13 7

1 [PT. IV, SUP. B].

NEW ZEALAND STATE COAL-MlNES—continued. Statement of Receipts and Payments for the Year ended 31st March, 1926. Receipts. Expenditure. To Cash in hand and in £ s. d. £ s. d. By James Colliery— £ s. d. £ a. d. Public Account at Property and development .. 2,071 9 8 31st March, 1925 .. .. 12,887 15 0 Machinery, plant, and rolling-stock .. 171 6 11 Proceeds of sale of eoal 234,683 10 8 Buildings .. .. .. 24 17 9 Recoveries,refunds,&c. 1,658 5 5 Wages .. .. .. .. 15,901 15 11 236,341 16 1 Special rate .. .. .. 142 7 9 Contracts —Deposits.. .. 10 0 0 Coal purchased .. .. .. 71 6 7 Unclaimed wages, &c., Subsidized bus-fares .. .. 221 12 6 rebanked .. .. 2 4 6 18,604 17 1 Interest .. .. .. 754 1811 Liverpool Colliery— Dishonoured cheques Property and development .. 2 ,659 18 11 recredited .. .. 132 13 7 Machinery, plant, and rolling-stock .. 6115 Buildings .. .. .. 154 9 10 Cottages .. .. .. 459 8 0 Plantation .. .. .. 244 3 0 Stores and materials .. .. 16,268 11 7 Wages .. .. .. .. 59,945 3 6 Special rate .. .. .. 839 2 3 Railway tickets .. .. .. 1,596 16 3 Special trains .. . . .. 2,070 18 9 Coal purchased . . .. .. 381 9 6 Wages on account .. .. 26 7 7 Rebate on cargo adjustment .. 12 8 1 84,719 18 8 Mac Donald Colliery— Property and development .. 9 0 0 Maohinery, plant, and rolling-stock .. 0 8 0 Cottages .. . . .. 6 8 1 Plantation .. .. .. 82 14 0 98 10 1 Prospecting on State Coal Reserve .. .. 92 3 9 Seddonville Colliery Account .. .. 65 7 10 Wellington Depot Account .. 16,482 9 2 Christchurch Depot Account.. .. 20,761 0 10 Wanganui Depot Account .. .. 4,035 3 7 Coal purchased on account of depots (Suspense Account) .. .. 131 9 1 41,410 2 8 Management and office salaries .. 5,839 12 6 Interest .. .. .. .. 9,251 19 2 Travelling-expenses .. .. 200 6 0 Printing and stationery .. .. 337 3 1 Repairs and maintenance .. .. 3,513 17 3 | Wharfage .. .. .. .. 2,944 10 0 Railway haulage .. .. .. 13,349 17 9 Marine freights .. .. .. 50,294 12 3 Road subsidy and repairs .. .. 209 17 11 Postages and telegrams .. .. 194 15 2 Insurances .. .. .. 64 14 10 Rents .. .. .. .. 110 2 6 Compensation .. .. .. 3,486 2 5 Sick and Accident Fund .. .. 197 4 4 General expenses .. .. .. 552 16 11 Investments—general .. .. 7,500 0 0 Sinking fund investment .. .. 4,552 0 5 Audit fees .. .. .. .. 261 13 4 Contracts refunds .. .. .. 30 0 0 Cheques dishonoured .. .. 132 13 7 103,023 19 5 Cash in hand and in Public Account at 31st March, 1926 .. .. .. . 2,114 8 7 £250,129 8 1 £250,129 8 1

B.—l [PT. IV, SUP. Bj.

NEW ZEALAND STATE COAL-MlNES—continued. Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. £ s. d. Loan under Coal-mines Liverpool Colliery and DevelopAct, 1908 .. . . 150,000 0 0 ment Property Account —■ Loan under Coal-mines Balance at 31st March, Act, 1908, and Appro- 1925 .. .. .. 69,949 3 9 priation Act, 1912 .. 25,000 0 0 Additions during the year .. 4,682 18 2 New Zealand Consoli- — dated Inscribed Stock 52,601 0 7 74,632 1 11 —-—— 227,601 0 7 Depreciation .. .. 5,302 15 3 Sinking fund .. .. .. 48,198 11 8 69,329 6 8 Accrued interest .. .. 3,886 1 8 Machinery, plant, ropes, and Sundry creditors— rolling-stock— Liverpool Colliery .. 7,977 12 4 Balance at 31st March, James Colliery .. 1,915 19 5 * 1925 .. .. 34,598 19 6 Wellington Depot .. 789 11 3 Additions during the year 3,149 10 10 Christchurch Depot .. 2,220 16 0 Wanganui Depot .. 337 14 10 37,748 10 4 13,241 13 10 Depreciation .. .. 3,689 0 2 Reserves— 34,059 10 2 General Reserve .. 64,952 5 9 Buildings at mine— Bad-debts Reserve .. 424 5 0 Balance at 3.lst March, 65,376 10 9 1925 .. .. 3,868 17 6 Contracts Deposit Ac- Additions during the year 477 1 10 count .. .. .. 990 0 0 j —— —— Unclaimed Wages, &c., j 4,345 19 4 in Suspense . . .. 2 4 6 I Depreciation .. .. 408 5 10 Stocks, &c., writing-off j ——- 3,937 13 6 Suspense Account .. .. 4,134 11 10 Cottages at mine— General Profit and Loss j Balance at 31st March, Account— | 1925 .. .. 5,451 4 2 Net profit for year .. .. 1,863 4 8 I Additions .. .. 458 17 7 5,910 1 9 Depreciation .. .. 576 4 8 6,333 17 1 Plantation at mir.e— Cost as at 31st March, 1925 1,094 15 0 Additions .. .. 294 6 11 — 1,389 1 11 Writing-off Suspense .. .. 134 2 9 Coal (stock on hand at mine and wharf) .. .. 4,814 0 9 Stores (stock on hand) .. 8,529 111 13,343 2 8 Stock Suspense Aocount .. .. 22 10 0 Sundry debtors .. .. .. 5,187 411 132,736 9 8 James Colliery and Development Property Account— Balance at 31st March, 1925 29,602 13 9 Additions during the year .. 2,245 9 4 31,848 3 1 Depreciation .. .. 1,592 8 2 -30,255 14 11 Machinery, plant, ropes, and rolling-stock— Balance at 31st March, 1925 .. .. 11,028 410 Additions during the year 948 0 6 11,976 5 4 Depreciation .. .. 1,147 17 5 — —10,828 7 11 Buildings at mine— Balance at 31st March, 1925 .. .. 1,243 2 9 Additions during the year 75 12 4 1,318 15 1 Depreciation .. .. 128 2 10 1,190 12 3 Cottages at mine .. . . , . 6 2 0 Preliminary Expenses Account .. .. .. .. !,103 8 6 Coal stocks .. .. 664 9 2 Stocks Suspense Account .. 124 13 0 Sundry debtors .. .. 379 10 4 1,168 12 6 44,552 18 i Prospecting on State Coal Reserve .. .. .. .. . . 146 4 1 Carried forward .. 365,293 19 6 Carried forward .. .. 177,435 11 10

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NEW ZEALAND STATE COAL-MINES —continued. Balance-sheet—continued. Liabilities—continued. £ s. d. Assets —continued. £ s. d. £ s. d. £ s. d. Brought forward .. .. 365,293 19 6 Brought forward .. .. .. 177,435 11 10 Mac Donald Colliery and Development Property Account — Cost at 31st March, 1925 .. 71,090 6 4 Additions during the year .. 2,878 9 9 — 73,968 16 1 Machinery, plant, and rol-ling-stock— Balanoe at 31st March, 1925 2,930 13 10 Less sales during the year 71 2 6 2,859 11 4 Less writing-off Suspense 2,859 11 4 Buildings at mine— Cost at 31st March, 1926.. .. 479 17 3 Cottages at mine— Cost at 31st March, 1925.. 2,133 3 6 Less recoveries during the year.. .. .. 62 9 2 2,070 14 4 Plantation at mine— Cost at 31st March, 1925 .. 827 11 5 Expended during the year .. 82 14 0 910 5 5 Writing off Suspense .. 2,859 11 4 80,289 4 5 Wellington Depot Property countBalance at 31st March, 1925 3,557 1 2 Additions during the year .. 578 12 11 4,135 14 1 Depreciation .. .. 477 2 0 3,658 12 1 Writing-off Suspense .. .. 36 5 9 Stocks on hand .. .. 3,17518 5 Stocks Suspense Account .. 333 10 9 3,509 9 2 Sundry debtors .. .. .. 9,001 8 10 16,205 15 10 Christchurch Depot Property Account — Balance at 31st Marob, 1925 .. 3,305 19 2 Additions during the year .. 539 2 9 3,845 1 11 Depreciation .. .. 329 11 0 3,515 10 11 Writing-off Suspense .. .. 42 9 9 Stocks on hand .. .. 4,094 10 6 Stocks Suspense Account .. 366 15 11 4,461 6 5 Sundry debtors .. .. .. 6,550 1 1 • 14,569 8 2 Wanganui Depot Property countBalance at 31st March, 1925 .. 1,419 5 0 Additions during the year .. 36 13 9 1,455 18 9 Depreciation .. .. 143 0 1 1,312 18 8 Writing-off Suspense .. .. 7 14 4 Stocks on hand .. .. 919 17 0 Stocks Suspense Account .. 206 18 3 • 1,126 15 3 Sundrv debtors .. .. .. 6,307 10 3 — 8,754 18 6 Sinking Fund Investment Account .. .. 48,198 11 8 Investment Account (ordinary) .. .. .. 17,500 0 0 Interest on investments accrued .. .. 226 0 6 Cash in hand and in Public Account at 31st March, 1926 .. .. .. 2,114 8 7 £365,293 19 6 £365,293 19 6 State Coal-mines Office, Wellington, 2nd July, 1926. G. Jas. Anderson, P. G. 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, except that in the opinion of the Audit Office interest on capital expenditure on the unopened Mac Donald Colliery should be charged to General Profit and Loss Account instead of being capitalized, as development was sufficiently completed several years ago. —G. F. C. Campbell, Controller and Auditor-General.

B—l. [PT. IY, Sup. B].

PRINTING AND STATIONERY DEPARTMENT. Trading Account fob the Yeas ended 31st March, 1926. Dr. Per Cent. Cr. Per Cent. To — 1926. 1926. By— 1925. 1926. Paper and materials — £s.d.£ s. d. Sales — £ s. d. £s. d Stock at beginning .. .. 20,682 13 4 Manufacturing .. .. .. 192,545 2 9 Add purchases 48,847 0 7 Less work in pro- — — gress, 31st March, 69,529 13 11 1925 10,578 2 3 Less stock on hand, —•— — 31st March, 1926 18-03 17-45 27,984 10 7 181,967 0 6 ———— 41,545 3 4 Add work in proStationery— gress, 31st March, Stock at beginning .. .. 11,343 16 6 1926 9,170 14 2 Add purchases .. .. .. 30,800 13 8 191,137 14 8 42,144 10 2 Stationery and Less stock on hand, publications .. .. 38,070 7 6 31st March, 1926 9-57 11-57 14,610 14 0 Typewriters .. 98-22 98-27 4,683 12 3 —— 27,533 16 2 233,891 14 5 Typewriters— Discounts received 0-09 0-13 .. 320 4 1 Stock at beginning .. .. 1,447 0 2 Add purchases .. .. .. 5,586 4 3 7,033 4 5 Less stock on hand, 31st March, 1926 1-44 1-79 2,796 8 8 — 4,236 15 9 Wages (productive) 35-93 36-85 87,704 19 8 Wages (establishment) 11-34 12-09 28,762 9 2 Wages (Stationery Office) .. .. 2-01 2-20 5,240 3 5 Freight (inward) .. 2-62 3-22 7,672 5 9 Lighting (proportion) 0-22 0-21 526 5 2 Power .. .. 0-54 0-40 958 12 7 Fuel .. .. 0-53 0-43 1,028 17 4 Water .. .. 0-05 0-05 121 5 0 — 132,014 18 1 Balance to Profit and LossAocount .. 16-03 12-14 .. 28,881 5 2 98-31 98-40 .. £234,211 18 6 98-31 98-40 .. £234,211 18 6 Profit and Loss Account for the Year ended 31st March, 1926. Per Cent. Per Cent. Dr. 1925. 1926. £s. d. Cr. 1925. 1926. £ s . d. To Office salaries .. .. 2-12 2-27 5,395 28 By Balance from Trading Account 16-03 12-14 28,881 5 2 Repairs and alterations to build- Storing and handling stationery ing and plant . .. .. 0-52 0-44 1,044 1 4 for other Government DepartPostages and telegrams .. 0-51 0-65 1,525 7 6 ments .. .. .. 0-28 0-26 630 12 10 Freight (outward) .. .. 0-44 0-59 1,415 3 0 Commission on sales of publicaInsuranee .. .. .. 0-06 0-05 117 5 5 tions .. .. •• 1-32 1-22 2,921 5 2 Exchange .. .. 0-01 0-01 16 19 0 Rent receivable .. .. 0-10 0-09 236 0 0 Discounts allowed .. .. 0-02 0-04 87 5 6 Telephones (rental) .. .. 0-18 0-06 135 3 6 Medical services .. .. 0-05 0-06 143 18 6 Lighting (proportion) .. 0-02 «-02 40 0 0 Proportion rent, High Commissioner's Office .. ■ • 0-07 0-11 260 0 0 Office expenses .. .. 0-20 0-19 467 19 5 • Audit fee .. .. .. 0-02 0-02 50 0 0 Wages—Charwomen and watchmen .. .. .. 1-01 0-93 2,230 11 10 Interest on capital .. .. 4-31 4-14 9,865 13 0 Depreciation .. .. 2-08 2-78 6,628 16 3 Loss on sale (book value) print-ing-machine .. .. 0-02 Balance carried down .. 6-09 1-35 3,245 16 3 17-73 13-71 £32,669 3 2 17-73 13-71 £32,669 3 2 Notts -Interest at the rate of 4J per cent, has been charged on capital for whicli the Department has no parliamentary appropriation.

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PRINTING AND STATIONERY DEPARTMENT—continued. Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. .£ s. d. £ s. d. Capital Account .. .. .. 219,236 14 6 Buildings .. .. .. 46,000 0 0 Sundry creditors . . . . ..11,259 11 9 Land .. . . .. 60,600 0 0 Wages accrued .. .. . . 316 8 6 Plant and machinery— Bad debts reserve .. .. . . 215 15 2 Composing plant . . 9,086 13 8 Stock —Suspense Account .. .. 17 15 3 Printing plant .. 15,915 18 9 Depreciation Reserve.. .. .. 11,282 2 3 Binding plant .. 9,589 311 Treasury Adjustment Account. . .. 18,174 6 9 Litho and photo plant 3,547 11 7 Balance, Profit and Losi Account .. 3,245 16 3 Stereotype plant .. 673 1 0 Engine-room plant .. 1,627 17 8 Miscellaneous plant .. 1,675 0 0 42,115 6 7 Motor-van .. .. .. 735 0 0 Type .. .. .. 7,260 4 1 Furniture, fittings, and office equipment .. .. 2,017 14 9 Accessories— Composing Branch .. 3,284 16 8 Printing and Binding Branches . . .. 512 10 11 Litho Branch .. 223 15 11 Stereotype Branch .. 817 6 Paper-store .. . . 7 7 4 Engine-room .. 6 5 6 4,043 13 10 Sundry debtors .. .. 43,713 16 5 Writing off Suspense Account .. .. .. 27 7 3 Suspense Account, s.s. "Kent" .. .. .. 2,673 0 1 Work in progress .. .. 9,170 14 2 Stock on hand.. .. 45,391 13 3 £263,748 10 5 £263,748 10 5 H. M. C. Robertson, Accountant. I hereby certify that the Profit and Loss 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, and subject to the above Departmental note.—J. H. Fowler, Deputy Controller and Auditor-General.

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PUBLIC SERVICE COMMISSIONER'S OFFICE. Income and Expenditure Account fob the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ s. d. To Advertising .. .. .. .. 301 10 10 By Examination fees .. .. .. .. 518 13 10 Appeal Board .. .. .. .. 1,910 18 10 Balance .. .. .. .. .. 9,593 14 9 Contingencies .. .. .. .. 18 15 10 Office fittings and requisites .. .. 67 19 9 Postage and telegrams .. .. .. 124 9 1 Printing and stationery .. .. .. 276 12 2 Rent .. .. .. .. .. 52 0 0 Salaries .. .. .. .. .. 6,610 5 0 Telephone services .. .. .. 87 5 7 Travelling-expenses .. .. .. 200 11 9 Depreciation .. .. .. .. 71199 Rent .. .. .. .. .. 390 0 0 £10,112 8 7 £10,112 8 7 £s. d. £ s. d. To Balance brought down .. .. .. 9,593 14 9By Excess of expenditure over income .. .. 9,658 10 6 Interest on capita! .. .. .. 64 15 9 £9,658 10 6 £9,658 10 6 Note. —The following charges are included for which the Department possesses no parliamentary appropriation : (1) Rental value as assessed by Post and Telegraph Department, and (2) interest at 4J per cent, on capital as at Ist April, 1925. Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 1,439 15 5 £ s. d. £ s. d. Treasury Adjustment Account .. ~.. 7,859 1 1 Office furniture .. .. 1,439 15 5 Sundry creditors .. .. . , .. 1,760 13 4 Additions during year .. 70 4 1 Depreciation Reserve .. .. .. .. 372 7 4 1,509 19 6 Stationery on hand .. .. .. .. 50 10 0 Official stamps on hand .. .. .. 12 17 2 Excess of expenditure over income .. .. 9,658 10 6 £11,231 17 '2 £11,231 17 2 15th July, 1926. 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, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

6 B. 1 [PT. IY, SUP. Bj,

B.—l [PT. IY, Sup. B

PUBLIC TRUST OFFICE. Profit and Loss Account foe the Yeak ended 31st March, 1926. £ s. d. £ s. d. | £ s. d. To Salaries .. .. .. .. 165,603 2 9 ' By Commission and other income .. .. 282,386 4 10 Overtime .. .. .. .. 300 1 4 Service charges— Agents' commission .. 7,908 ] 1 1 Services of High Commissioner 1,150 0 0 Services of General Post Office 608 13 6 9,667 4 7 Audit of books and accounts .. .. 700 0 0 Maintenance of premises and plant— Repairs, insurances, &c. .. .. 4,445 8 6 Rent .. .. .. .. 1,905 0 2 General charges — Advertising .. .. 4,396 12 11 Dunedin Exhibition display .. 897 18 8 Cleaning, lighting, heating, and power .. .. .. 3,893 14 1 Legal expenses .. .. 195 1 11 Rates .. .. .. 815 15 2 Miscellaneous payments .. 668 4 7 Postages and freight .. 3,404 6 6 Stamp duty on receipts and cheques .. .. .. 082 11 7 Telephone subscriptions .. 1,333 8 9 Printing, stationery, and requisites .. .. .. 0,379 4 3 Travelling-expenses .. 5,403 5 2 Salaries and expenses of Farm Inspectors .. .. 3,446 011 Salaries of custodians and staff 5,789 16 9 37,360 1 3 Depreciation on office premises, furniture, plant, &c. .. .. 14,194 8 4 Retiring-allowances— Mr. C. Zachariah .. .. 382 10 0 Mr. T. D. Kendall .. .. 332 10 0 715 0 0 Balance, being net profit for year, transferred to Appropriation Account .. .. 47,483 17 11 £282,380 4 10 £282,386 4 10 Profit and Loss Appropriation Account for the Year ended 31st March, 1926. £ s. d. £ s. d. To Public Service Superannuation Fund — By Profit and Loss Account — Proportion of subsidy for year 1925-20 .. 4,367 18 3 Balance transferred .. .. .. 47,483 17 11 Reserve for Income-tax, 1926-27 .. .. 500 0 0 Profit on sale of office premises .. .. 44 13 3 General Legal Expenses Account .. . . 1,000 0 0 Balance transferred to Investment Fluctuation Account .. .. .. .. 41,000 12 11 £47,528 11 2 £47,528 11 2

B.—l [PT. IY, Sup. B].

PUBLIC TRUST OFFlCE—continued. Balance-sheet op the Public Trust Office as at 31st March, 1926. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Amounts held in Common Freehold and leasehold premises and sites .. 438,377 13 7 Fund for sundry estates Furniture and plant, &e. .. .. .. 38,462 1 9 and funds .. .. 17,682,607 15 9 Stationery and stores, &e. .. .. .. 5,859 3 11 Amounts held for special Stocks, bonds, and debeninvestment on behalf of tures— £ s. d. certain funds, but not Government securities .. 1,105,419 010 yet invested .. .. 83,481 1 10 Land Settlement Finance Amount specially invested Act debentures .. 40,100 0 0 on behalf of certain Local bodies'debentures 5,824,922 13 3 estates and funds .. 6,659,920 12 2 6,970,441 14 ] 24,426,009 9 9 Mortgages, &c. .. .. 10,370,796 0 3 Sundry creditors, including Less reserve .. .. 37,309 10 7 accounts passed for pay- 10,333,486 9 8 ment but not yet paid .. .. 152,956 6 8 Advances for protection of Reserve for income-tax .. 4,370 3 11 securities acquired or in Reserve in respect oienemy- possession .. .. .. 6,658 5 1 property moneys .. 75,951 8 8 Properties acquired .. 39,936 16 1 Special resorve for securities 15,000 0 0 Less reserve .. .. 11,350 0 0 General Legal Expenses 28,586 16 1 Account .. .. 10,663 14 6 Advances (on overdraft) to Investment Fluctuation Ac- estates and accounts .. .. 332,694 15 10 count .. .. 120,278 0 2 Interest and rent accrued, 226,263 7 3 due and overdue — Assurance and Reserve Interest accrued up to Fund .. .. .. 427,346 I 3 31st March, 1926, but not yet due, and interest overdue .. 299,951 10 2 Rent due or accrued .. 597 19 5 300,549 9 7 Sundry debtors, including transactions in process of adjustment between Head Office and District Offices and Head Office and London .. .. .. 6,189 18 6 Cash in hand, on current account, and on deposit in New Zealand and in London .. .. .. 111,348 4 8 Special investments held on behalf of certain estates and funds— Government securities .. 549,173 4 10 Local bodies' debentures 1,589,143 4 4 Land Settlement Finance Act debentures .. 5,506 0 0 Private shares and debentures .. .. 10,789 1 6 Mortgages .. .. 4,489,783 17 2 Loan .. .. 100 0 0 Savings-bank accounts .. 374 7 0 Overdue interest on special investments .. 15,050 17 4 —— 6,659,920 12 2 5,232,575 4 11 £25,232,575 4 11 , , -T—. ' ' -=■* 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 books and documents submitted for audit, and correctly state the position as disclosed thereby. In the case of one mortgage a sum of £27 has been advanced in excess of the statutory limit. —6. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, Sup. B

PUBLIC SERVICE SUPERANNUATION FUND. Revenue Account fob the Year ended 31st March, 1926. £ s. d. £ s. d. Amount of fund at beginning of year.. 2,197,377 14 7 Retiring-allowances— Members'contributions — To members .. .. .. 286,684 3 8 Under section 29 (ordinary) .. 256,790 1 5 To widows and children .. .. 29,715 15 4 Transfers from other superannuation Contributions returned— funds .. .. .. 587 13 11 Under section 46 (left service) .. 41,527 0 3 Interest on contributions.. .. 3,804 19 4 Under section 42 .. .. 10,291 13 5 Government subsidy — Under section 32 .. • .. 873 8 8 Statutory .. .. .. 86,000 0 0 Under section 38 .. .. 670 7 6 Section 27, Finance Act, 1925 .. 13,268 19 5 Contributions to other superannuation Interest on investments .. .. 132,992 19 11 funds (section 48) .. .. 185 7 6 Fines, &c. .. 276 15 8 Expenses— Subsidy—Cook Islands and Samoa Medical fees .. .. .. 51 9 0 Administrations .. .. 3,167 7 7 Election expenses .. .. 6 6 0 Salaries .. .. . < 2,668 4 6 Audit fees .. .. .. 50 0 0 Heating and lighting .. .. 1119 Rent .. .. .. .. 197 0 0 Cleaning .. .. .. 100 17 4 Messenger service .. .. 75 0 0 Public Trustee's charges . .. 3 ,324 11 9 Furniture and fittings .. .. 13 111 Contingencies .. .. .. 37 10 0 Printing and stationery .. .. 141 16 0 Typewriters and other machines (upkeep) .. .. .. 26 0 1 Postages and services .. .. 216 9 7 Balance as at 31st March, 1926 .. 2,317,398 18 5 £2,694,266 11 10 £2,694,266 11 10 Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Superannuation Fund Account— Amount invested by the Board .. 2,300,552 15 5 Balance from Revenue Account .. 2,317,398 18 5 Contributions due in course of transAdd value of office furniture, fittings, mission .. .. .. 5,763 6 1 and machinery .. .. 635 0 0 Interest due and accrued .. .. 39,152 5 3 Cost-of-living bonus recoverable (Con--2,318,033 18 5 solidated Fund).. .. .. 306 13 9 Retiring and other allowances due, in Subsidy, Cook Islands and Samoa .. 55 14 10 course of payment— Subsidy, section 27, Finance Act, 1925 53 11 9 To members .. .. .. 1,975 810 Balance in hands of Public Trustee .. 32,899 10 3 To widows and children .. .. 300 13 8 Balance in hands of Postal Department 1,521 310 Refunds of contributions due, in Bank Account .. .. .. 11,320 6 9 course of payment — Office furniture, fittings, and machinery 635 0 0 Under section 46 (left service) .. 1,585 17 9 Under sections 42 and 43 (death) .. 1,061 8 9 Under section 38 .. .. 515 1 6 Expenses due, in course of payment— Furniture and fittings .. .. 13 11 1 Printing and stationery .. .. 9 14 7 Public Trustee's charges .. .. 978 16 1 Contributions paid in advance or in error .. .. .. .. 1,972 6 4 Unclaimed Account (contributions, &e.) 1,313 10 11 Balance, Government subsidy* .. 64,500 0 0 £2,392,260 7 11 £2,392,260 7 11 ' The Government subsidy is |laid in January of each year. Owing to the change in the date of the financial year to show the true position of the fund it is necessary to state this item as a liability. 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. In the case of one mortgage a sum of £39 has been advanced in excess of the statutory limit. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IY, Sup. B].

PUBLIC SERVICE SUPERANNUATION FUND continued. Stipendiary Magistrates' Account. Revenue Account for the Year ended 31st March, 1926. £ s. d. £ s. d. Amount of fund on Ist April, 1925 .. 13,777 1 8 Administration expenses .. .. 27 15 5 Members' contributions (section 39, Fi- Balance as at 31st March, 1926 .. 10,75(5 9 11 nance Act, 1924) .. .. .. 2,107 0 0 Interest on investments .. .. 900 3 8 £16,784 5 4 £16,784 5 4 Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Accumulated Fund .. .. .. 16,756 911 Amount invested .. .. .. 16,756 911 £16,756 9 11 £16,756 9 11 Subsidiary Account. Gost-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 April, By Amount received from the Treasury .. 3,778 411 1925, to 31st March, 1926 .. .. 4,084 18 8 Balance due .. .. .. 306 13 9 £4,084 18 8 £4,084 18 8 William M. Wright, Secretary. R. S. Wogan, Accountant, Wellington, 30tli June, 1926. 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, Sup. B1

RAILWAYS SUPERANNUATION FUND. Statement of Accounts in accordance with Section 90, Government Railways Act, 1908. Revenue Account for the Year ended 31st March, 1926.

Cost-of-living Bonus Account: Disbursements and Recoveries during the Year ended 31st March, 1926.

EXPENDITURE. 1925-26. 1924-25. INCOME. 1925-26. 1924-25. £ s. d. £ s. d. £ s. d. £ s. d. To Retiring-allowances to members .. .. .. 198,889 15 9 181,603 11 0 By Members'contributions .. .. .. .. 147,976 11 2 139,332 13 9 Allowances to widows and children .. .. .. 27,064 19 9 14,487 10 4 Members'contributions on account of casual service .. 5,926 8 7 5,434 15 11 Refunds of total contributions .. .. .. 23,552 17 8 25,739 18 4 Fines .. .. .. .. .. .. 219 0 0 425 15 0 Refunds of contributions in excess of allowances drawn by 342 10 8 737 12 11 Subsidies — deceased beneficiaries Consolidated Fund .. .. .. .. 25,000 0 0 25,000 0 0 Compensation under the Civil Service Act of 1866 .. 17 2 10 .. Working Railways Department .. .. .. 145,000 0 0 80,000 0 0 Travelling-expenses of Board members .. .. .. 19 0 8 49 6 11 Treasury, on account of increased allowances to widows 12,464 16 9 Public Trust Office charges .. .. .. .. 1,044 102 664 6 3 and children Audit fees .. .. .. .. .. .. 50 00 50 0 0 Amalgamated Society of Railway Servants, on account 199 14 2 Transfers to other funds .. .. .. .. 200 13 11 50 14 6 M. J. Mack Salaries .. .. .. .. .. .. 1,391 12 2 1,310 9 0 Donations .. .. .. .. .. .. .. 10 0 0 Postages .. .. .. .. .. 129 16 8 109 3 4 Interest .. .. .. .. .. .. 43,750 12 8 36,940 16 0 Printing and stationery .. . . .. .. 80 8 0 56 o 8 Commission on Government Life Insurance collections .. 4 10 3 Balance carried down, being excess of income over expendi- 127,758 5 4 62,285 2 5 ture for the year 380,541 13 7 287,144 0 8 380,541 13 7 287,144 0 8 ■ To Balance accumulated funds at 31st March, 1926 .. .. 862,139 3 6 734,112 8 11 By Accumulated funds brought forward on 1st April, 1925 .. 734,112 8 11 671,827 6 6 Refunds of contributions unclaimed (written off) .. 263 19 11 Retiring-allowances unclaimed (written off) .. .. 1 19 4 j Widows' allowances unclaimed (written off) .. .. 2 10 0 Balance brought down .. .. .. .. 127,758 5 4 62,285 2 5 862,139 3 6 734,112 8 11 862,139 3 6 734,112 8 11

DISBURSEMENTS. 1925-26. | 1924-25. RECOVERIES. , 1925-26. 1924-25. —— . £ s. d. £ s. d. £ s. d. £ s. d. Balance due 31st March, 1925 .. 1,447 12 10 1,473 12 7 By Cash received .. .. 6,458 11 2 18,204 5 9 Disbursements to annuitants .. 5,451 5 4 18,178 4 0 Balance due 31st March, 1926 440 7 0 1,447 12 10 6,898 18 2 19,651 16 7 6,898 18 2 ; 19,631 16 7

B.—l [PT. IV, SUP. B].

H. Valentine, . J. G. Coates, Chief Accountant, New Zealand Railways. Chairman of the Government Railways Superannuation Fund Board. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted to audit, and correctly state the position as disclosed thereby.— G. F. C.' Campbell, Controller and Auditor-General.

RAILWAYS SUPERANNUATION FUND— continued. Balance-sheet as at 31st March, 1926.

- LIABILITIES. 1925-26. 1924-25. ASSETS. 1925-26. 1924-25. £ s. d. £ s. d. £ s. d. £ s. d. Accumulated funds as per Revenue Account .. . 862,139 3 6 734,112 8 11 Investment Account — £ s. d. Retiring and other allowances due (not paid) — Investments .. .. .. 800,460 19 11 Members .. .. .. .. ,. .. 1 S38 2 0 692 0 10 Cash in hand .. .. .. 1,100 0 0 Widows and children .. .. .. .. .. 103 15 11 161 17 11 801,560 19 11 656,060 19 11 Refunds of contributions .. .. .. .. 1,182 3 5 1,728 15 7 Current Account —Cash in hand .. .. .. 17,679 3 7 40,685 6 5 Transfers to other funds .. .. .. 4 13 10 4 13 1 Contributions and fines in transit .. .. .. 13,590 4 8 12,168 10 0 Interest paid in advance .. .. . 132 2 9 53 2 6 Contributions outstanding .. .. .. .. 1,438 7 4 2,239 2 6 Commission due to Public Trustee .. .. . 160 3 2 140 1 2 Contributions due by members in respect of casual service .. 10,643 15 C 8,651 1 0 Allowance recoverable .. .. .. .. .. 28 0 0 52 0 0 Cost-of-living bonus .. .. .. .. .. 440 7 0 1,417 12 10 Treasury subsidy on account of widows and children .. 1,115 11 1 Amalgamated Society of Railway Servants —Subsidy .. 9 7 7 Interest outstanding .. .. .. .. .. 7,778 8 3 6,763 6 10 Interest accrued but not due .. .. .. .. 10,275 19 9 8,822 10 1 Sundry Dr. (insurance premium) .. .. .. .. 2 10 5 864,560 4 7 736,893 0 0 864,560 4 7 736,893 0 0

B.—l [PT. IV, SUP. B].

RESERVE FUND ACCOUNT. Income and Expenditure Account fob the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ s. d. To Excess of income over expenditure .. .. 90,549 14 10 By Interest on investments .. .. .. 90,549 14 10 £90,549 14 10 £90,549 14 10 Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. A ssets. Capita] Account .. .. .. 2,000,000 0 0 Investment Account — Excess of income over £ s. d. £ s. d. £ s. d. expenditure to 31st 230,000 0 0 Transvaal 3% stock .. 21.2,005 9 0 March, 1925 .. 209,444 7 fi 59,000 0 0 Egyptian guaranteed For year ended 31st 3% bonds .. 56,362 15 0 March, 1926 .. 90,549 14 10 153,010 6 1 India 3J% stock .. 147,547 8 6 299,994 2 4 357,766 5 7 India 3% stock .. 261,500 3 4 65,340 8 4 India 2J% stock .. 31,746 1 0 1,283,157 17 11 British War Loan 5% stock .. .. 1,219,000 0 0 : 1,928,161 16 10 £2,148,274 17 11 Interest accrued on investments .. .. .. 28,201 I 10 Interest due and unpaid .. .. .. .. 885 0 0 Treasury Adjustment Account .. .. •• 342,746 3 8 £2,299,994 2 4 j £2,299,994 2 4 2nd August, 1926. A. D. Park, 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. E. C. Campbell, Controller and Auditor-General. SAMOAN LOAN SINKING FUND. (Established under Section 33 of the Samoa Act, 1921.) Income and Expenditure Account, Ist Apbil, 1925, to 31st March, 1926. Expenditure. £ s. d. I Income. £ s. d. To Excess of income over expenditure .. .. 121 76| By Interest on investments . . .. .. 121 7 6 ; — [ — 11 — Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Accumulated Fund— Investments.. .. .. .. .. 4,730 0 0 Contributions by Samoan Treasury to 31st March, Cash in Public Account .. .. .. 17 0 10 1925 .. .. .. .. .. 2,983 5 4 Interest accrued on investments .. .. 19 9 10 Excess of income over expenditure to 31st March, 1925 .. .. .. .. .. 104 13 10 Balance at 31st March, 1925 .. .. 3,087 19 2 Contributions by Samoan Treasury £ s. d. for year 1925-26 .. .'. 1,557 4 0 Excess of income over expenditure for year ended 31st March, 1926 121 7 0 1,678 11 6 £4,766 10 8 £4,766 10 8 26th June, 1926. A. D. Park, 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. SAMOAN LOAN SUSPENSE ACCOUNT. (Established under Section 26 of the Finance Act, 1921-22.) Income and Expenditure Account for the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ s. d. To Interest on loans .. .. .. 4,970 10 11 By Interest on advances to Samoan Administration 4,970 10 11 Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Loan capital .. .. .. .. 110,000 0 0 Advances to Samoan Administration .. .. 110,000 0 0 Accrued interest on ioans .. .. .. 2,498 12 7 Accrued interest on advances .. .. 2,498 12 7 £112,498 12 7 £112,498 12 7 24th June, 1926. A. D. Park, 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. IY, Sup. B].

STAMP DUTIES DEPARTMENT. Income anb Expenditure Account fob, the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ s. d. To Postages and telephones.. .. .. 1,372 18 7 By Adhesive stamps .. .. .. 101,600 10 10 Relieving and other allowances .. .. 0 5 0 Duty on instruments .. .. .. 605,826 12 7 Salaries and wages .. .. .. 21,243 4 3 Death duties .. .. .. .. 1,418,621 15 9 Printing and stationery .. .. .. 2,179 18 4 Gift duty .. .. .. .. 50,989 13 5 Stamp-printing.. .. .. .. 2,660 18 10 Crown and Native rates .. .. .. 215 0 6 Law-costs .. .. .. .. 468 18 1 Fines and penalties .. .. .. 4,956 16 7 Fuel, light, and cleaning.. .. .. 124 6 5 Impressed stamps .. .. .. 174,384 17 2 Travelling and transfer expenses .. .. 106 13 0 Licenses to companies .. .. .. 65,257 18 8 Freight and cartage .. .. .. 101 14 2 Bank-note duty .. .. .. 204,291 2 5 Valuation fees .. .. .. .. 179 15 5 Racing revenue .. .. .. 652,544 12 0 Rent .. .. .. .. .. 3,352 2 9 Amusements-tax .. .. .. 64,391 16 5 Totalizator-inspection .. .. .. 823 10 1 Sharebrokers' licenses .. .. .. 718 2 0 Office supplies .. .. .. .. 375 9 9 Miscellaneous receipts .. .. .. 29 3 9 Refund of duty on Exhibition lease .. 55 0 0 Refund totalizator duty under Section 8, Finance Act, 1925 .. .. .. 9,782 17 9 Depreciation .. .. .. .. 685 11 8 Excess of income over expenditure, carried over .. .. .. .. .. 3,300,314 18 0 £3,343,828 2 1 £3,343,828 2 1 £ s. d. £ s. d. To Interest on capital .. .. .. 515 0 9 By Balance brought down .. .. .. 3,300,314 18 0 Excess of income over expenditure after charging interest on capital .. .. 3,299,799 17 3 £3,300,314 18 0 £3,300,314 18 0 Note.—The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value as assessed by Public Works Department; (b) interest at 4J per cent, on capital as at Ist April, 1925. Balance-sheet as at 31st March, 1926. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Capital .. .. .. 11,445 7 2 Cash in hands of Receivers .. .. 169 12 7 Sundry creditors : — Cash in Deposit Accounts .. .. 218 2 2 Refunds .. .. .. 9,112 18 5 Office furniture.. .. .. 3,078 8 10 Expenditure .. .. .. 5,202 13 11 Additions during year .. 634 1 8 14,315 12 4 — — 3,712 10 6 Sundry depositors .. .. .. 218 2 2 Mechanical appliances .. .. 912 1 6 Writing off Suspense Account .. .. 149 5 6 Additions during year .. 233 8 1 Depreciation Reserve .. .. .. 3,432 14 5 1,145 9 7 Excess of income over expenditure .. .. 3,299,799 17 3 Plant and machinery .. .. 7,279 16 10 Additions during year .. 288 8 2 — 7,568 5 0 Library .. .. .. .. 175 0 0 Stock of paper and stamps on hand .. 3,442 13 0 Sundry debtors .. .. .. 319,997 4 5 Treasury Adjustment Account .. .. 2,992,932 I 7 £3,329,360 18 10 £3,329,360 18 10 19th July, 1926. 0. E. Nalder, Commissioner of Stamp Duties. 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, subject to the above departmental notes. —G. E. C. Campbell, Controller and Auditor-General.

7 —B. 1 PT. IY, SUP. Bi.

£.—1 |PT. IV, SUP. B;.

STATE ADVANCES OFFICE. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st Maech, 1926. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 18,009,929 19 4 Investment Account—Principal owing by Temporary advances from — mortgagors .. .. .. .. 14,708,826 8 3 Public Debt Sinking Fund £ s. d. Temporary investments .. .. .. 2,158,060 1 5 Branch .. .. 205,000 0 0 Temporary advances to— £ s. d. Advances Office Sinking Fund Workers Branch .. .. 680,000 0 0 Account .. .. 375,000 0 0 Local Authorities Branch .. 441,500 0 0 Miscellaneous Business Branch 93,775 0 0 1,121,500 0 0 673,775 0 0 Sinking Fund investments held by— Amount held for investment on behalf of the Advances Office Sinking Fund Account .. *1,594,103 13 4 Housing Insurance Fund .. .. 3,984 1 0 Interest on mortgages— £ s. d. Advances Suspense Account .. ... 54,914 5 0 Overdue .. 83,916 2 1 Fire Loss Suspense Account .. .. 8,736 7 9 Accrued .. .. 169,162 15 7 Suspense Account .. .. .. 2,374 10 6 253,078 17 8 Income-tax Suspense Account .. .. 4,906 2 6 Interest on temporary investments accrued .. 32,810 13 8 Sundry Creditors .. .. .. .. 2,157 10 1 Office furniture and equipment .. .. 6,156 2 5 Interest on loans accrued but not due .. 163,984 2 7 Sundry debtors .. .. .. .. 22,894 8 7 Reserve for bad debts .. .. .. 22,290 9 7 Loan Charges Account .. .. .. 196,859 14 5 Sinking Fund .. .. .. .. 1,235,438 11 5 Cash in hand and in bank at 31st March, 1926 113,201 0 0 Reserve Fund .. .. .. .. 25,000 0 0 £20,207,490 19 9 £20,207,490 19 9 * This amount includes £358,665 Is. lid., capital paid into the Sinking Fund under the provisions of the State Advances Act. Statement of Profit and Loss Account foe the Year ended 31st Maech, 1926. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 28,527 5 6 By Interest Account—Gross profits .. .. 78,536 010 Loss on realization of securities, and doubtful securities written down .. .. .. 12,384 7 3 Office furniture and equipment written down.. 324 3 0 Balance —net profits for the year .. .. 37,300 5 1 £78,536 0 10 £78,536 0 10 £ s. d. £ s. d. To Loan-flotation charges written down .. 11,080 17 9 By Net profits for the year .. .. .. 37,300 5 1 Balance of net profits invested in Advances Income-tax provided for 31st March, 1925 (not Office Sinking Fund Account .. .. 26,443 0 1 now required) .. .. .. .. 223129 £37,523 17 10 £37,523 17 10 Statement of Interest Account for the Yeae ended 31st March, 1926. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on loans .. .. 612,046 12 11 By Interest on mortgages .. 603,338 15 3 Less accrued at 31st March, Less overdue and accrued at 1925 .. .. .. 121,281 8 3 31st March, 1925 .. 197,985 13 9 490,765 4 8 405,353 1 6 Interest on loans accrued but not due .. 163,984 2 7 Interest on outstanding payments .. .. 35 17 7 Interest on amounts temporarily transferred Interest on bank balances .. .. .. 1,11168 from other branches .. .. .. 25,490 4 10 Interest on temporary advances to other Balance—Gross profits transferred to Profit branches .. .. .. .. 42,770 0 8 and Loss Account .. .. .. 78,536 0 10 Interest on temporary invest- £ s. d. ments .. .. 30,334 18 7 Less accrued at 31st March, 1925 .. .. .. 6,719 3 5 23,615 15 2 Interest on temporary investments accrued at 31st March, 1926 .. .. .. 32,810 13 8 Interest on mortgages — £ s. d. Overdue at 31st March, 1926 83,916 2 1 Accrued but not due at 31st March, 1926 .. .. 169,162 15 7 253,078 17 8 £758,775 12 11 £758,775 12 11

B.—l TPT. IV, SUP. B

STATE ADVANCES OFFICE —continued. Statement of Management Expenses Account foe the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d. To Advertising, newspapers, &c. .. .. 17 7 4 By Consent fees .. .. .. .. 36 17 0 Audit Office services .. .. .. 300 0 0 Production fees .. .. .. .. 704 6 7 Gleaning, lighting, heating, and messenger Release fees .. .. .. .. 372 1 3 services .. .. .. .. 249 4 0 Balance transferred to Profit and Loss Account 28,527 5 6 Contingencies .. .. .. . . 1 2 10 Pees paid for special services in respect of securities .. .. .. .. 77 14 0 Management charges on New Zealand stock and bonds .. .. .. .. 942 11 10 Meal allowances and overtime .. .. 780 16 0 Office maintenance .. .. .. 191 17 5 Postages and telegrams .. .. .. 605 0 1 Post Office services .. .. .. 1,285 7 0 Printing and stationery .. .. .. 1,325 110 Public Service Superannuation Fund contribution .. .. .. .. 499 19 11 Rent .. .. .. .. .. 2,474 810 Salaries .. .. .. .. .. 19,244 11 10 Solicitor's costs and Court costs .. .. 17 18 2 Telephones .. .. .. .. 97 4 2 Travelling-expenses .. .. .. 094 4 7 Typewriters and adding-machines —Repairs .. 186 0 6 Valuation Department—Agency work .. 650 0 0 £29,640 10 4 £29,640 10 4 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24th June, 1926. R. Kobertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General. ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 6,975,707 5 1 Investment Account—Principal owing by mortTemporary advances from Settlers Branch .. 680,000 0 0 j gagors .. .. .. 7,344,396 10 9 Interest on loans accrued but not due .. 59,450 3 3 Temporary investments .. .. .. 134,628 13 10 Advances Suspense Account .. .. 185,832 0 4 Sinking Fund investments held by Advances Fire Loss Suspense Account .. .. 6 0 0: Office Sinking Fund Account .. .. *80,983 3 5 Suspense Account .. .. .. 230 11 11 Interest on mortgages — £ s. d. Sundry creditors .. .. .. .. 631 14 0 Overdue .. .. .. 25,457 5 8 Reserve for bad debts .. .. .. 87 6 0 Accrued .. .. .. 78,118 2 10 Sinking Fund .. .. .. .. 59,891 15 6 103,575 8 6 Interest on temporary investments accrued .. 1,924 18 7 Sundry debtors .. .. .. .. 332 17 1 Loan Charges Account .. .. .. 254,040 1 1 Profit and Loss Account .. .. . . 25,969 1 5 Cash in hand and in bank at 31st March, 1926 15,986 1 5 £7,961,836 16 1 : £7,961,836 16 1 — I —- * This amount includes the sum of £21,091 7s. lid., capital paid into the Sinking Fund under the provisions of the State Advances Act. Statement of Profit and Loss Account for the Year ended 31st March, 1926. Dr. £ s. d. (Jr. £ s. d. To Balance —Interest Account .. .. .. 171 1 2 By Balance —Loss for the year .. .. .. 5,575 19 3 Management Expenses Account .. .. 5,317 12 1 Losses on realization of securities .. .. 87 6 0 £5,575 19 3 £5,575 19 3 £ s. d. £ s. d. To Balance as at 31st March, 1925 .. .. 6,507 0 9 By Balance .. .. .. .. .. 25,969 1 5 Loan-flotation charges written down .. .. 13,886 1 5 Loss for the year .. .. .. .. 5,575 19 3 £25,969 1 5 £25,969 1 5

B.—l [PT. IY, SUP. B],

STATE ADVANCES OFFlCE—continued. Statement of Interest Account "for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 259,549 16 2 By Interest on mortgages .. 262,652 12 1 Less accrued at 31st March, Less interest overdue and 1925 .. .. .. 53,165 16 2 accrued at 31st March, 1925 79,836 11 0 206,384 0 0 182,816 1 1 Interest on amounts temporarily transferred Interest on bank balances .. .. .. 274 8 9 from Settlers Branch .. .. .. 24,430 13 8 Interest on outstanding payments .. .. 115 9 Interest on loans accrued but not due .. 59,450 3 3 Interest on temporary invest- £ s. d. ments .. .. 9,586 16 4 Less accrued at 31st March, 1925 .. .. .. 8,085 13 3 1,501 3 1 Interest on temporary investments accrued at 31st March, 1926 .. .. .. 1,924 18 7 Interest on mortgages — £ s. d. Overdue at 31st March, 1926 25,457 5 8 Accrued but not due at 31st March, 1926 .. .. 78,118 210 103,575 8 6 Balance transferred to Profit and Loss Account 171 1 2 £290,264 16 11 £290,264 16 11 Statement of Management Expenses Account for the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d. To Audit Office services .. .. .. 150 0 0 By Consent fees .. .. .. .. 110 6 Cleaning, lighting, heating, and messenger Cost of preparation of mortgages .. .. 123 14 6 services .. .. .. .. 150 0 0 Production fees .. .. .. .. 446 8 6 Court costs .. .. .. .. 5 12 0 Belease fees .. .. .. .. 123 19 6 Management charges on New Zealand stock and Sundry fees .. .. .. .. 9 7 0 bonds .. .. .. .. .. 463 3 11 Balance transferred to Profit and Loss Account 5,317 12 1 Post Office services .. .. .. 500 0 0 Postages and telegrams .. .. .. 194 16 2 Printing and stationery .. .. .. 300 0 0 Public Service Superannuation Fund contribution .. .. .. .. .. 75 0 0 Rent .. .. .. .. .. 600 0 0 Salaries .. .. .. .. .. 3,234 0 0 Valuation Department—Agency work .. 350 0 0 £6,022 12 1 £6,022 12 1 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24th June, 1926. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Audi tor-General.

B.—l [FT. IV, SUP. B].

STATE ADVANCES OFFlCE—continued. ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 2,785,529 9 5 Investment Account —Principal owing by local Loan-moneys—Unexpended balances under sec- bodies .. .. .. .. .. 2,864,919 1 7 tion 72, Local Bodies' Loans Act, 1913 .. 3,987 12 10 Sinking Fund investments held by Advances Temporary advances from Settlers Branch .. 441,500 0 0 Office Sinking Fund Account .. .. *342,261 15 2 Suspense Account .. .. .. .. 1,431 13 10 Interest on debentures — £ s. d. Interest on loans accrued but not due .. 36,554 6 6 Overdue .. .. .. 8,330 10 0 Sinking Fund .. .. .. .. 114,051 17 7 Accrued .. .. .. 24,918 2 2 33,248 12 2 Loan Charges Account .. .. .. 28,868 14 5 Profit and Loss Account .. .. .. 110,589 10 5 Cash in hand and in bank as at 31st March, 1926 3,167 6 5 £3,383,055 0 2 £3,383,055 0 2 * This amount includes the sum of £228,209 17s. 7d., capital paid into the Sinking Fund under the provisions of the State Advances Act. Statement of Profit and Loss Account for the Year ended 31st March, 1926. Dr. £ s. d. Cr. £ s. d. To Balance—lnterest Account .. .. 6,772 7 1 By Balance —Loss for the year .. .. 7,954 2 7 Management Expenses Account .. .. 1,181 15 6 £7,954 2 7 £7,954 2 7 £ s. d. £ s. d. To Balance as at 31st March, 1925 .. .. 101,834 710 By Balance .. .. .. .. 110,589 10 5 Loan-flotation charges written down .. 801 0 0 Loss for the year .. .. .. 7,954 2 7 £110,589 10 5 £110,589 10 5 Statement of Interest Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 103,451 17 8 By Interest on debentures .. 111,275 14 10 Less accrued at 31st March, Less overdue and accrued 1925.. .. .. 36,385 16 7 at 31st March, 1925 .. 29,384 0 6 67,066 1 1 81,891 14 4 Interest on amounts temporarily transferred Interest on bank balances .. .. 47 1 0 from Settlers Branch .. .. .. 18,339 7 0 Interest on debentures— Interest on loans accrued but not due .. 36,554 6 6 Overdue at 31st March, 1926 8,330 10 0 Accrued but not due at 31st March, 1926 .. .. 24,918 2 2 33,248 12 2 Balance transferred to Profit and Loss Account 6,772 7 1 £121,959 14 7 £121,959 14 7 Statement of Management Expenses Account for the Year ended 31st March, 1926. Dr. £ s. d. Cr. £ a. d. To Audit Office services .. .. .. 50 0 0 By Balance transferred to Profit and Loss Account 1,181 15 6 Cleaning, lighting, heating, and messenger services .. .. .. .. .. 30 0 0 Management charges, New Zealand stock and bonds .. .. .. .. .. 151 15 6 Post Office services .. .. .. 25 0 0 Postages and telegrams .. .. .. 25 0 0 Printing and stationery .. .. .. 125 0 0 Public Service Superannuation Fund contribution .. .. .. .. .. 20 0 0 Rent 100 0 0 Salaries .. .. .. .. •. 655 0 0 £1,181 15 6 £1,181 15 6 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24th June, 1926. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IY, SUP. B]

STATE ADVANCES OFFlCE—continued. PUBLIC DEBT SINKING FUNDS BRANCH. Statement of Liabilities and Assets as at 31st March, 1926. Liabilities. £ s. d Assets. Sinking Fund created under the provisions of the • 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 .. .. .. 920,728 0 10 1925 .. .. 3,311,143 13 7 Workers.. .. .. 65,394 19 9 Less amount transferred Local bodies .. .. 2,173,859 11 10 under the provisions of 3,159,982 12 5 section 9, Repayment of Temporary advances to Settlers Branch .. 205,000 0 0 the Public Debt Act, 1925 52,187 14 3 Sundry debtors .. .. .. .. 14 13 3 3,258,955 19 4 Interest overdue on loans to — £ s. d. Advances Suspense Account .. .. 1,110 0 0 Settlers .. .. .. 3,469 4 6 Suspense Account .. .. .. .. 699 15 7 Workers.. .. .. 209 4 5 Sundry creditors—lnterest due to Treasury in Local bodies .. .. 4,748 14 8 accordance with section 12 (a) of Repayment 8,427 3 7 of the Public Debt Act, 1925 .. .. 107,320 311 Interest accrued on loans to— Interest due to Treasury, overdue and accrued 41,975 13 1 Settlers .. .. .. 10,289 011 Workers.. .. .. 1,292 10 10 Local bodies .. 21,966 17 9 — 33,548 9 6 Cash in hand and in bank at 31st March, 1926.. 3,088 13 2 £3,410,061 11 11 £3,410,061 11 11 Statement of Interest Account for the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d. £ s. d. To Interest on Sinking Funds transferred under By Interest on loans to — the provisions of section 9of Repayment of Settlers .. .. 35,597 9 6 Public Debt Act, 1925 .. .. .. 1,621 7 3 Workers.. .. .. 3,080 15 10 Interest on investments due to Local bodies .. .. 97,320 15 4 Treasury— £ s. d. In hand, 31st March, 1926.. 107,320 3 11 135,999 0 8 Overdue and accrued at 31st Less interest overdue and aeMarch, 1926 .. .. 41,975 13 1 crued at 31st March, 1925.. 36,240 1 0 149,295 17 0 99,758 19 8 Interest on bank balances .. .. .. 46 14 3 Interest on temporary advances to Settlers Branch .. .. .. .. 9,135 17 3 Interest overdue at 31st March, 1926, on loans to— £ s. d. Settlers .. .. .. 3,469 4 6 Workers.. .. .. 209 4 5 Local bodies .. .. 4,748 14 8 • 8,427 3 7 Interest accrued at 31st March, 1926, on loans to— Settlers .. .. .. 10,289 0 11 Workers.. .. .. 1,292 10 10 Local bodies .. .. 21,966 17 9 33,548 9 6 £150,917 4 3 £150,917 4 3 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24th. June, 1926. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. — G. F. C. Campbell, Controller and Auditor-General.

B. 1 PT. IY, Sup. B

STATE ADVANCES OEElCE—continued. ADVANCES OEEICE SINKING FUND ACCOUNT. Statement op Liabilities and Assets as at 31st March, 1926. ' Liabilities. £ s. d. Assets. £ s, d. Principal received as at 31st Investment Account: PrinciMareh, 1925, with accu- pal owing on loans to — £ s. d. mulated interest from— £ s. d. Settlers .. .. 1,087,397 1 8 Settlers Branch .. .. 1,601,786 17 4 Workers .. .. 74,064 19 11 Workers Branch.. .. 254,116 16 4 Local Bodies .. .. 424,775 6 3 Local Authorities Branch.. 308,979 18 8 1,586,237 7 10 Temporary advances to Settlers Branch .. 375,000 0 0 2,164,883 12 4 Sundry debtors .. .. .. .. 781 6 2 Principal transferred from Interest overdue on loans to— £ s. d. Public Debt Sinking Settlers .. .. 5,812 13 6 Funds Branch in accord- Workers .. .. 253 16 4 ance with section 9 of Local bodies .. .. 2,436 11 2 Repayment of the Public 8,503 1 0 Debt Act, 1925— Interest accrued on loans to— Settlers Branch .. .. 22,914 2 1 Settlers .. .. 12,060 11 1 Workers Branch.. .. 10,512 4 2 Workers .. .. 808 7 5 Local Authorities Branch.. 18,761 8 0 Local bodies .. .. 3,560 19 9 16,429 18 3 2,217,071 6 7 Cash in hand and in bank at 31st March, 1926.. 31,551 9 2 Interest earned on amounts transferred from Public Debt Sinking Funds Branch in accordance with section 9 of Repayment of the Public Debt Act, 1925— Settlers Branch .. .. 711 18 0 Workers Branch.. .. 326 11 10 Local Authorities Branch.. 582 17 5 2,218,692 13 10 Interest earned for the year ended 31st March, 1926 — Settlers Branch .. .. 68,9471510 Workers Branch.. .. 3,027 11 1 Local Authorities Branch.. 13,937 11 1 2,304,605 11 10 Balance —Net profits transferred from Settlers Branch 26,443 0 1 2,331,048 11 11 Less redemption of loans— Settlers Branch £126,700 Workers Branch 187,000 313,700 0 0 Total fund at 31st March, 1926 .. ... 2,017,348 11 11 Advances Suspense Account .. .. 380 0 0 Fire Loss Suspense Account.. .. .. 700 0 0 Suspense Account .. .. .. .. 74 10 6 £2,018,503 2 5 £2,018.503 2 5 ——— | Statement op Interest Account por the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d. £ s. d. To Interest on investments—Transferred to Sink- By Interest on loans to— ing Fund Account .. .. .. 85,912 18 0 Settlers .. .. .. 50,769 6 8 Workers.. .. .. 3,514 4- 8 Local bodies .. .. 18,697 7 2 72,980 18 6 Less overdue a,nd accrued at 31st March, 1925 .. 25,147 10 7 47,833 7 11 Interest on bank balances .. .. 143 17 0 Interest on temporary advances to Settlers Branch .. .. 13,002 13 10 Interest overdue at 31st March, 1926. on loans to— Settlers .. .. .. 5,812 13 6 Workers.. .. .. 253 16 4 Local bodies .. .. 2.436 11 2 8,503 1 0 Interest accrued at 31st March, 1926, on loans to — Settlers.. .. .. 12,060 11 1 Workers.. .. .. 808 7 5 Local bodies .. .. 3,560 19 9 16,429 18 3 £85,912 18 0 £85,912 18 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24th June, 1926. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —6. F, C. Campbell, Controller and Auditor-General.

B. 1 [PT. IV, SUP. B

STATE ADVANCES OFFICE —continued. MISCELLANEOUS BUSINESS BRANCH. HOUSING ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1926. Liabilities. Assets. Sundry loans— £ s. d. £ s. d. Investment Account — Principal £ s. d. £ s. d. Debentures .. .. .. 395,650 0 0 owing on— Expenditure from Public Works Dwellings purchased .. .. 530,782 8 2 Fund .. .. .. 319,918 1 7 Sections purchased .. .. 5,601 0 4 715,568 1 7 Advances .. .. .. 444 10 4 Sundry creditors .. .. .. .. 1,035 7 1 Loans on mortgage .. .. 498 2 4 Suspense Account .. .. .. .. 3,639 2 3 537,326 1 2 Interest on loans accrued but not due .. .. 4,030 8 3 Temporary advances to Settlers Insurance Fund .. .. .. .. 3,984 1 0 Branch .. .. .. .. 51,650 0 0 Sinking Fund .. .. .. .. 394 19 2 Completed dwellings .. .. .. 9,651 8 8 Reserve for losses on realization and bad debts .. 9,602 2 5 Dwellings let .. .. .. .. 27,575 14 5 Uncompleted contracts.. .. .. 1,697 0 0 Freehold land .. .. .. 51,443 8 3 Properties acquired .. .. .. 2,673 6 0 Sinking Fund investments held byPublic Debt Sinking Fund Branch .. .. .. 3,585 14 10 Public Debt Redemption Fund 164 4 2 *3,749 19 0 Insurance Fund investment held by Settlers Branch .. .. .. 3,984 1 0 Sundry debtors . . .. .. 170 13 11 Interest on dwellings and land — Overdue .. .. .. 6,428 10 4 Accrued .. .. .. 107 11 6 6,536 1 10 Rent overdue .. .. .. .. 1,817 8 8 Insurance premiums— Overdue .. .. .. 503 8 0 Paid in advance .. .. 608 2 11 1,111 10 11 Profit and Loss Account .. .. 37,871 14 0 Cash in hand and in bank at 31st March, 1926 .. .. .. 995 13 11 £738,254 1 9 £738,254 1 9 * This amount includes the sum of £3,354 19s. 10d., capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Statement oe Profit and Loss Account for the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d. To Management Expenses Account .. .. 2,571 9 0 By Interest Account—Gross profits .. .. 1,161 6 4 Dwellings maintenance .. .. .. 843 2 10 Sale of land and dwellings .. .. .. 1,754 3 0 Expenses on realization of assets .. .. 4 16 2 Balance—Loss for the year .. .. .. 1,197 18 11 Losses on realization of securities, and doubtful securities written down .. .. .. 694 0 3 £4,113 8 3 £4,113 8 3 £ s. d. £ s. d. To Balance as at 31st March, 1925 .. .. 41,302 13 10 By Interest earned on land and dwellings prior to Loss for the year .. .. .. .. 1,197 18 11 31st October, 1922 (refunded) .. .. 4,628 18 9 Balance .. .. .. .. .. 37,871 14 0 £42,500 12 9 £42,500 12 9 Statement of Interest Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on loans .. .. 29,648 18 3 By Interest on dwellings and land.. 27,987 17 3 Less accrued at 31st March, 1925 4,201 0 5 Less overdue and accrued at 25,447 17 10 31st March, 1925 .. .. 5,221 0 5 Interest on loans accrued but not due .. 4,030 8 3 22,766 16 10 Balance —GroBS profits transferred to Profit and Interest on amounts temporarily transferred Loss Account .. .. .. 1,161 6 4 to Settlers Branch .. .. .. 1,284 17 9 Interest on bank balances .. .. .. 51 16 0 Interest on dwellings and land— £ s. d. Overdue at 31st March, 1926.. 6,428 10 4 Accrued but not due at 31st March, 1926 .. .. 107 11 6 6,536 1 10 £30,639 12 5 £30,639 12 5

B.—l [PT. IY, SUP. B

STATE ADVANCES OFFlCE—continued. HOUSING ACCOUNT —cantinued. Statement of Management Expenses Account for the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s . d. To Advertising .. .. .. .. 10 oßy Administration expenses .. .. .. 157 19 0 Audit Office services .. .. .. 225 0 0 Transfer fees .. .. .. .. 28 0 0 Cleaning, lighting, heating, and messenger Sundry fees .. .. .. .. 0190 services .. .. .. .. 30 0 0 Balance transferred to Profit and Loss Account 2,571 9 0 Fees paid for special services in respect of securities .. .. .. .. .. 284 5 11 Postages and telegrams .. .. .. 24 15 11 Post Office services .. .. .. 225 0 0 Printing and stationery .. .. .. 100 10 6 Public Service Superannuation Fund contribution .. .. .. .. .. 37 0 0 Rates .. .. .. .. .. 10 16 11 Rent .. .. .. .. ... 100 0 0 Salaries .. .. .. .. .. 1,404 0 0 Solicitors' costs .. .. .. .. 18 16 0 Survey fees .. .. .. .. 45 17 6 Travelling-expenses .. .. .. 14 3 Valuation Department—Agency work .. 250 0 0 £2,758 7 0 £2,758 7 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24th June, 1926. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.—-G. F. C. Campbell, Controller and Auditor-General. LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1926. Liabilities. £s. d. Assets. £ s. d. Sundry loans .. .. .. .. .. 3,975 0 0 Investment Account—Principal owing by mortInterest on loans accrued but not due .. .. 43 12 3 gagors .. .. .. .. .. 3 225 16 2 Sinking Fund .. ... .. .. 3196 Temporary advances to Settlers Branch .. 465 0 0 Sinking Fund investments held by— £ s. d. Public Debt Sinking Fund Branch.. 35 14 6 Public Debt Redemption Fund .. 112 11 *37 7 5 Interest on mortgages— Overdue .. .; .. 227 1 6 Accrued .. .. .. 3 7 9 230 9 3 Profit and Loss Account .. .. .. 9 0 6 Cash in hand and in bank at 31st March, 1926.. 54 18 5 £4,022 11 9 £4,022 11 9 * This amount includes the sum of 433 7s. lid., capital paid into the Sink jig Fund in accordance with the Public Debt Extinction Act, 1910. Statement of Profit and Loss Account for the Year ended 31st March, 1926. Dr. £ s. d. Or. £ g. d. To Administration expenses .. .. .. 10 00 By Interest Account—Gross profits .. .. 64 6 Balance loss for the year .. .. .. 315 6 £10 0 0 £10 0 0 £ s. d. £ s . d. Xo Balance as at 31st March, 1925.. .. .. 5 5 0 By Balance .. .. .. .. .. 906 Loss for the year .. .. .. . . 315 6 £9 0 6 £9 0 6 Statement of Interest Account for the Year ended 31st March, 1926. Dr. £s.d.£ s. d. Cr. £ s. d. £s. d. To Interest on loans .. .. .. 178 17 6 By Interest on mortgages .. 89 6 0 Less accrued at 31st March, 1925 .. 43 12 3 Interest on mortgages— 135 5 3 Overdue at 31st March, 1926 .. 227 1 6 Interest on loans accrued but not due .. 43 12 3 Accrued at 31st March, 1926 .. 3 7 9 Balance—Gross profits, transferred to Profit and Loss Account .. .. .. .. 6 4 6 319 15 3 Less interest overdue and accrued at 31st March, 1925 .. .. 157 13 3 162 2 0 Interest on temporary advances to Settlers Branch 23 0 0 £185 2 0 £185 2 0 Statement of Management Expenses Account for the Year ended 31st March, 1926. Dr. £s. d Cr. £ S; d. To Administration expenses .. .. 10 00 By Balance transferred to Profit and Loss Account.. 10 0 0 £10 0 0 £10 0 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24th June, 1926. ' R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General. B—B.8 —B. 1 [PT. IY, SUP. B].

B.—l [PT. IY, SUP. B

STATE ADVANCES OFFlCE—continued. FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 65,110 0 0 Investment Account —Principal owing by mortSuspense Account .. .. .. .. 421 6 3 gagors .. .. .. .. .. 47,532 7 8 Sundry creditors .. .. .. .. 0 6 1 Properties acquired .. .. .. .. 5,212 8 6 Interest on loans accrued but not due .. .. 1,295 1 4 Temporary advances to Settlers Branch .. 9,850 0 0 Rent accrued .. .. .. .. 27 8 9 Sinking Fund investments held by— £ s. d. Reserve for losses on realization and bad debts .. 5,030 111 Public Debt Sinking Fund Branch 658 6 6 Sinking Fund .. .. .. .. 75 12 3 Public Debt Redemption Fund.. 30 2 7 — *688 9 1 Interest on mortgages— Overdue .. .. .. 1,591 310 Accrued .. .. .. 343 0 10 1,934 4 8 Sundry debtors .. .. .. .. 35 7 6 Profit and Loss Account .. .. .. 5,803 2 9 Cash in hand and in bank at 31st March, 1926 .. 903 16 5 £71,959 16 7 £71,959 16 7 * This amount includes the sum of £612 16s. lOd. 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, 1926. Dr. £ s. d. Cr. £ s. d. To Balance —Interest Account .. .. .. 347 610 By Balance—Loss for the year .. .. 674 17 2 Management Expenses Account .. .. 100 0 9 Expenses of realization of assets .. .. 43 1 6 Losses on realization of securities .. .. 184 8 1 £674 17 2 £674 17 2 £ s. d. £ s. d. To Balance as at 31st March, 1925 .. .. 5,128 5 7 By Balance .. .. .. .. .. 5,803 2 9 Loss for the year .. .. .. .. 674 17 2 £5,803 2 9 £5,803 2 9 Statement of Interest Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 2,734 3 7 By Interest on mortgages.. .. 2,158 10 5 Less accrued at 31st March, Interest on mortgages — 1925 .. .. .. 1,387 2 11 Overdue at 31st March, 1926.. 1,591 3 10 1,347 0 8 Accrued at 31st March, 1926 .. 343 0 10 Interest on loans accrued but not due .. 1,295 1 4 4,092 15 1 Less overdue and accrued at 31st March, 1925 .. 2,211 18 2 1,880 16 11 Interest on bank balances .. .. .. 7 12 7 Interest on outstanding payments .. .. 5 411 Interest on temporary advances to Settlers Branch.. .. .. .. .. 401 0 9 Balance transferred to Profit and Loss Account 347 6 10 £2,642 2 0 £2,642 2 0 Statement of Management Expenses Account for the Year ended 31st March, 1926. Dr. £ s. d. Gr. £ s. d. To Administration expenses .. .. .. 95 0 9 By Balance transferred to Profit and Loss Account .. 100 0 9 Audit Office services .. .. .. 5 0 0 £100 0 9 £100 0 9 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24th June, 1926. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IY, Sup. B].

STATE ADVANCES OFFlCE—continued. COLD-STORAGE ADVANCES ACCOUNT. Statement or Liabilities and Assets as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 75,250 0 0 Investment Account—Principal owing by mortInterest on loans accrued but not due .. .. 247 411 gagors .. .. .. .. .. 42,547 2 9 Sundry creditors .. .. .. .. 376 5 0 Temporary advances to Settlers Branch .. 29,480 0 0 Sinking Eund .. .. .. .. 497 18 4 Sinking Fund investments held by— £ s. d. Public Debt Sinking Fund Branch 1,001 18 4 Public Debt Redemption Eund .. 422 2 8 1,424 1 0* Interest on mortgages— Overdue .. .. .. 1,076 13 5 Accrued .. .. .. 755 10 7 1,832 4 0 Profit and Loss Account .. '.. .. 1,020 5 3 Cash in hand and in bank at 31st March, 1926.. 67 15 3 £76,371 8 3 £76,371 8 3 * This amount includes the sum of £926 2s. Bd. 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, 1926. Dr. £ s. d. Gr. £ s. d. To Management Expenses Account .. .. 115 0 0 By Interest Account—Gross profits .. .. 683 17 1 Balance—Net profits for the year .. .. 568 17 1 £683 17 1 £683 17 1 £ s. d. £ s. d. To Balance as at 31st March, 1925 .. .. 1,212 17 4 By Net profits for the year .. .. .. 568 17 1 Sinking fund invested in Public Debt Redemp- Balance .. .. .. .. .. 1,020 5 3 tion Fund . . . . .. .. 376 5 0 £1,589 2 4 £1,589 2 4 Statement of Interest Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on loans .. .. 3,103 8 5 By Interest on mortgages.. .. 2,109 15 0 Less accrued at 31st March, Less overdue and accrued at 1925 .. .. .. 269 5 7 31st March, 1925 .. .. 1,494 8 0 2,834 2 10 615 7 0 Interest on loans accrued but not due .. .. 247 4 11 Interest on bank balances .. .. .. 6 0 0 Balance — Gross profits transferred to Profit Interest on temporary advances to Settlers and Loss Account .. .. .. 683 17 1 Branch.. .. .. .. .. 1,311 13 10 Interest on mortgages— £ s. d. Overdue at 31st March, 1926.. 1,076 13 5 Accrued but not due at 31st March, 1926 .. .. 755 10 7 1,832 4 0 £3,765 4 10 £3,765 4 10 Statement of Management Expenses Account for the Year ended 31st March, 1926. Dr. £ s. d. Gr. £ s. d. To Administration expenses .. .. .. 110 0 0 By Balance transferred to Profit and Loss Account.. 115 0 0 Audit Office services .. .. .. 5 0 0 £115 0 0 £115 0 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24tii June, 1926. E. Robertson, Accountant. I hereby certify tliat the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IY, SUP. B]

STATE ADVANCES OFFICE —continued. FISHING INDUSTRY PROMOTION ACCOUNT. Statement or Liabilities and Assets as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Sundry loans.. .. .. .. 5,215 0 0 Investment Account;— Principal owing on bills of sale 1,844 9 2 Interest on loans accrued but not due .. .. 76 14 9 Temporary advances to Settlers Branch .. .. 2,330 0 0 Sundry creditors .. .. .. .. 2 6 0 Sinking Fund investments held by— £ s. d. Reserve for losses on realization and bad debts .. 677 10 3 Public Debt Sinking Fund Branch 43 13 8 Sinking Fund .. .. .. .. 4 10 6 Public Debt Redemption Fund .. 2 0 3 *45 13 11 Interest on bills of sale — Overdue.. .. .. 25 6 9 Accrued .. .. .. 25 5 10 - 50 12 7 Sundry debtors .. .. .. .. 544 0 7 Profit and Loss Account .. .. .. 1,062 15 0 Cash in hand and in bank at 31st March, 1926 .. 98 10 3 £5,976 1 6 £5,976 1 6 * This amount includes the sum of £41 3s. sd. 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, 1926. Dr. £ s. d. Cr. £ s. d. To Balance —Interest Account .. .. .. 52 2 1 By Balance —Loss for the year .. .. .. 747 18 7 Management Expenses Account .. .. 18 1 8 Losses on realization of securities .. . . 677 14 10 £747 18 7 £747 18 7 £ s. d. £ s. d. To Balance as at 31st March, 1925 .. .. 314 16 5 By Balance .. .. . .. .. 1,062 15 0 Loss for the year .. .. .. .. 747 18 7 £1,062 15 0 £1,062 15 0 Statement of Interest Account for the Year ended 31st March, 1926. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. .. 235 1 0 By Interest on bills of sale .. .. 128 6 8 Less accrued at 31st March, 1925 .. 77 11 11 Less overdue and accrued at 31st 157 9 1 March, 1925 .. .. .. 101 15 9 Interest on loans accrued but not due .. 76 14 9 26 10 11 Interest on bank balances .. .. .. 4 0 0 Interest on temporary advances to Settlers Branch 100 18 3 Interest on bills of sale— £ s. d. Overdue at 31st March, 1926 .. 25 6 9 Accrued but not due at 31st March, 1926 .. .. .. 25 6 10 ( 50 12 7 Balance transferred to Profit and Loss Account .. 52 2 1 £234 3 10 £234 3 10 Statement of Management Expenses Account for the Year ended 31st March, 1926. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. 10 0 0 By Balance transferred to Profit and Loss Account .. 18 1 8 Audit Office services .. .. .. .. 5 0 0 Survey fees .. .. .. .. ..318 £18 1 8 £18 1 8 Wm. Waddel, Superintendent. State Advances Office, Wellington, 24th June, "1926. R. Robertson, Accountant. 1 hereby certify that the Balance-siheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IY, Sup. B

STATE FIRE INSURANCE OFFICE. Revenue Account of the State Fiee Insurance Office for the Year ended 31st December, 1925. £ s. d. £ s d. Premiums after deduction of reinsurances 176,664 14 8 Bonus rebate to policyholders .. .. 17,405 3 2 Other receipts —Interest, commisson, and Losses by fire (after deduction of reinsurrent .. .. .. .. 30,753 8 4 ances) .. .. .. .. 56,997 12 1 Appropriated to reserve for unearned premiums (in addition to £66,028 os. 6d. already reserved) .. .. .. 4,637 17 4 Government taxes .. .. .. 10,242 18 9 Commission.. .. .. .. 9,404 1 6 Salaries .. .. .. .. 21,416 7 11 Contribution to Public Service Superannuation Fund .. .. .. 636 8 1 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. 4,241 411 Expenses of management —• £ s. d. Travelling-expenses .. 1,686 2 3 Printing, stationery, and advertising.. .. 1,920 10 3 Rent .. .. 1,944 1 4 Exchange .. .. 33 4 2 Postages, telegrams, cablegrams, and sundry charges .. 2,797 4 2 — 8,381 2 2 Office equipment .. .. .. 2,200 15 2 Office premises—depreciation .. .. 3,437 7 10 139,000 18 11 Reinsurance Reserve Fund .. .. 5,000 0 0 Office premises—Written off .. .. 4,000 0 0 Bonus Rebate Reserve .. .. 23,500 0 0 Amount of fire-insurance funds at end of year .. .. .. .. 35,917 4 1 £207,418 3 0 £207,418 3 0 Balance-sheet of the State Fire Insurance Office on the 31st December, 1925. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Government war loan securities .. 138,470 17 0 Capital authorized by the Other Government securities .. .. 93,550 0 0 State Fire Insurance Local-authority securities .. .. 30,200 0 0 Act, 1908 .. .. 100,000 0 0 Fixed deposits and at short call .. 55,000 0 0 Less not raised .. 100,000 0 0 Land and buildings .. .. .. 224,876 5 1 — —— Nil Outstanding premiums .. .. 8,606 3 9 Reserve Fund .. .. .. 412,978 11 3 Interest accrued but not due .. .. 3,668 511 Investments Fluctuation Reserve Fund.. 10,000 0 0 Rent accrued or due .. .. .. 91 18 9 Reserve for unearned premiums .. 70,665 17 10 Cash in Bank of New ZeaBonus Rebate Reserve .. .. 23,500 0 0 land at Wellington, or in £ si d. Reinsurance Reserve Fund .. .. 15,000 0 0 transit to Wellington .. 48,613 19 1 Premiums and other deposits .. .. 998 7 3 Imprest Account Outstanding fire losses .. .. 4,156 0 0 balances— £ s. d. Government taxes .. .. .. 10,242 18 9 Head Office 524 11 1 Sundry creditors .. .. .. 6,447 3 4 Auckland .. 0 5 8 Other amounts owing by the Office — Hamilton .. 12 611 Reinsurance premiums £ s. d. N. Plymouth 134 12 8 due .. .. 11,353 1 1 PalmerstonN. 58 18 6 Commission .. .. 1,747 10 1 Napier .. 18 10 3 Rent .. .. 77 17 6 Nelson .. 55 9 10 Printing, stationery, and Ohristchurch 89 13 3 advertising.. .. 51 1 7 Timaru .. 27 18 4 Postages and sundry Dunedin .. 70 5 4 charges .. .. 960 811 Invercargill 26 0 3 —— 14,189 19 2 —— 1,018 12 1 Fire-insurance funds, as per Revenue Account .. .. .. .. 35,917 4 1 49,632 11 2 £604,096 1 8 £604,096 1 8 Bth March, 1926. J. H. Jerram, General Manager. C. B. Redward, Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IY, Sup. B

TEACHERS' SUPERANNUATION FUND. Revenue Account fob the Yeah ended 31st January, 1926. £ s. d. £ s. d. To Balance, 31st January, 1925 .. 942,755 911 By Retiring and other allowances .. 169,257 13 8 Contributions of members .. 127,443 4 6 Contributions refunded— Additional contribution from Fiji On voluntary re- £ s. d. Government .. .. .. 168 18 4 tirement .. 16,142 6 5 Contributions transferred from other On death of member 1,990 10 11 funds .. .. .. 59 2 10 On lapse of memGovernment subsidy— £ s. d. bership .. 2,155 16 10 Under the Act .. 43,000 0 0 20,288 14 2 Additional grant 25,000 0 0 Contributions transferred to other funds 383 16 11 Section 27, Finance Bad debts .. .. .. 355 3 0 Act, 1925 .. 2,681 2 3 Reserve for doubtful debts .. 3,700 0 0 : — 70,681 2 3 Administration expenses—£ s. d. Interest— Commission, G.P.O. 354 17 6 On investments .. 57,727 7 6 Commission, Public On contributions in Trustee .. 1,447 19 6 arrears .. 414 8 8 Office expenses .. 182 4 3 On back contribu- Postage and teletions under sec- grams .. 72 18 0 tion 29, Finance Travelling - expenses Act, 1925 .. 6,702 12 1 of Board members 120 0 8 64,844 8 3 Clerical assistance 900 0 0 Medical fees .. 15 15 0 Audit fees .. 50 0 0 3,143 14 11 Balance, 31st January, 1926 .. 1,008,823 3 5 £1,205,952 6 1 £1,205,952 6 1 COST-OF-LIVING BONUS ACCOUNT FOR THE YEAR ENDED 31st JANUARY, 1926. £ s. d. £ s. d. To Refund from Consolidated Fund .. "2,537 18 4 By Balance due from Consolidated Fund, Balance due from Consolidated Fund, January, 1925 .. .. .. 331 18 11 31st January, 1926 .. .. 354 6 2 Payment of bonus .. .. .. 2,560 5 7 £2,892 4 6 £2,892 4 6 Balance-sheet as at 31st January, 1926. Liabilities. £ s. d. Assets. £ s. d. Fund as per Revenue Account .. 1,008,823 3 5 Amount held by Public Retiring and other allowances due and Trustee— £ s. d. unpaid.. .. .. .. 6,433 12 8 Invested .. .. 974,443 6 5 Refund of contributions due and unpaid 1,282 5 9 Uninvested .. 43,935 19 11 Administration expenses unpaid — 1,018,379 6 4 Commission, Post and £ s. d. Contributions of memTelegraph Department 124 5 0 bers— Clerical assistance .. 750 0 0 In transit .. 7,621 9 8 Postage and telegrams 61 13 3 Due and outstanding 5,601 8 5 Office expenses, printing, ' 13,222 18 1 and stationery .. 37 15 3 Interest on investments— Travelling-expenses .. 10 3 4 Due and outstanding 2,961 18 5 Audit fee .. .. 41 13 4 Accrued, but not due 15,267 17 1 1,025 10 2 — 18,229 15 6 Reserve for commission payable to Public Interest on arrears of contributions due Trustee in respect to interest due or and outstanding .. .. .. 1,490 10 5 accrued .. .. .. 463 8 0 Consolidated Fund, on account of costUnclaimed contributions .. .. 1,834 7 4 of-living bonus .. .. .. 354 6 2 Amounts held pending legislation .. 339 15 10 Amounts overpaid — Amounts overpaid or paid into fund in Refund of contributions .. .. 4 3 4 error .. .. .. .. 3 2 8 Due by annuitants under section 29 of Reserve for loss on realization of securi- Finance Act, 1925 .. .. 760 5 6 ties .. .. .. .. 3,70000 Rent received in advance from securities leased .. .. .. .. 6 13 6 Carried forward .. .. 1,023,911 19 4 Carried forward .. .. 1,052,441 5 4

B.—l [PT. IY, SUP. B .

TEACHERS' SUPERANNUATION FUND —continued. Balance-sheet as at 31st January, 1926 —continued. Liabilities—continued. £ s. d. Assets —continued. £ s. d. Brought forward .. .. 1,023,911 19 4 Brought forward .. .. 1,052,441 5 4 Government subsidy — Statutory grant paid £ s. d. in advance to 31st December, 1926 .. 39,416 13 4 Lest portion of additional subsidy (£25,000) voted for year to 31st March, 1926, not paid at 31st January, £15,833 6s. Bd.; additional subsidy under section 27 of Finance Act, 1925, not yet paid, £550 os. 7d. .. .. 16,391 7 3 93,025 6 1 Vouchers issued but unpaid at 31st January, 1925 .. .. 13,784 2 4 Less cash in hands of Post Office .. .. 8,280 2 5 5,503 19 11 £1,052,441 5 4 £1,052,441 5 4 C. E. Crawford, Education Department, (Secretary, Teachers' Superannuation Board. Wellington, 30th April, 1926. J 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. IY, SUP. B].

TREASURY DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1926. Expenditure. Income. £ s. d. To Administrative charges— £s.d.£s. d. By Inscribed stock fees, &c. .. .. .. 883 11 0 Salaries .. .. .. 23,576 011 Exchange and commission .. .. .. 4,957 5 2 Allowances, overtime, &c. .. 271 3 4 Balance carried down .. .. .. 55,315 14 9 Office expenses .. . . 38 7 9 Postages, &c. .. .. 2,003 3 5 Telephone subscriptions .. 198 2 5 Printing and stationery .. 4,390 7 6 Office requisites, repairs, &c. .. 240 13 0 Travelling-expenses .. 410 7 0 Telegrams beyond Dominion 1,391 17 1 Annual rental value of premises (a) .. .. 2,159 0 0 34,679 2 5 Legal expenses and translations .. .. 44 7 0 Refunds of unclaimed money and dividends .. 122 6 8 Interest coupons lost in transit .. .. 2 5 0 Grants to late Secretary in lieu of leave, and officers on retirement .. .. .. 1,664 13 3 Interest on investment delayed in transit and on loan to W. J. Mather .. .. .. 53 1 2 Government Life Insurance Office, work performed .. .. .. .. 50 0 0 Depreciation .. .. .. .. 199 18 11 Consolidated stock management charges .. 24,323 8 6 Losses irrecoverable .. .. .. 17 8 0 £61,156 10 11 £61,156 10 11 £s d. £ s. d. To Balance brought down .. .. .. 55,315 14 9 By Recoveries on account of expenditure of previous Interest on capital (b) .. .. .. 105 1 7 years .. .. .. .. .. 523 911 Excess of expenditure over income .. .. 54,897 6 5 £55,420 16 4 £55,420 16 4 Notes.—The following charges are included for which the Department has not obtained Parliamentary appropriation: (a) Rental value as assessed by the Public Works Department; (b) interest at 4J per cent, on capital as at Ist April, 1925 ; (c) cost of translation bond of indemnity. Depreciation has been allowed for on balances of assets as at Ist April, 1925, the total charge being carried to Depreciation Reserve. Credit has been taken without appropriation for value of furniture transferred to other Departments. Balance-sheet as at 31st March, 1926. Liabilities. £s. d. Assets. £ s. d. Capital as at Ist April, 1925 .. .. .. 2,335 1 8 Office furniture, fittings, and equip- £ s. d. Sundry creditors for outstanding expenses .. 1,721 13 2 ment .. .. .. 1,502 11 8 Depreciation Reserve ..... .. 835 10 0 Less provisionally written off .. 17 8 0 Treasury Adjustment Account .. .. .. 53,917 4 1 1,485 3 8 Mechanical appliances .. .. .. 2,102 17 11 Library .. .. .. .. .. 81 1 5 Stock of stamps .. .. .. .. 9 10 6 Sundry debtors .. .. .. .. 230 0 0 Expenses paid in advance .. .. .. 3 9 0 Excess of expenditure over income .. .. 54,897 6 5 £58,809 811 £58,809 811 2nd August, 1926. A. D. Park, 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, subject to the above departmental notes. —G. P. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, SUP. BJ.

WESTPORT HARBOUR ACCOUNT. Revenue Account for the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ a. d. To Stock as at Ist April, 1925.. .. .. 8,341 9 9 By Special wharfage on coal .. .. .. 22,462 9 3 Dredging .. .. .. .. 10,837 410 Endowment revenue .. .. .. 18,225 16 7 Harbour maintenance .. .. .. 3,167 15 4 Special coal rate .. .. .. .. 7,530 18 9 Office adminiatration .. .. .. 1,646 13 11 Port chargea .. .. .. .. 5,421 1 2 Working-expenses of tug .. .. .. 816 13 3 Sale of surplus atorea, &c. .. .. .. 1,540 7 5 Compensation for accidents .. .. 17 17 0 Interest on investments .. .. .. 2,190 196 Alteration of lighting system .. .. 127 3 6 Royalty on timber .. .. .. 52 0 0 Audit fees .. .. .. .. 56 0 0 Royalty on sand . . .. .. .. 29 8 0 Retiring-allowancea .. .. .. 342 8 8 Rent .. .. .. .. .. 62 5 0 Grant to School of Minea .. .. .. 25 0 0 Hire of plant .. .. .. .. 5 10 9 Miacellaneous expenses .. .. .. 36 8 1 Miscellaneous receipts . . .. .. 18 16 6 Depreciation .. .. .. .. 3,015 010 Stock as at 31st March, 1926 .. .. 7,899 17 6 Interest on loans .. .. .. .. 27,261 14 4 Harbour Maintenance Reserve Account .. 5,630 8 0 Balance carried down .. .. .. 4,117 12 11 £65,439 10 5 £65,439 10 5 To Transfer to Sinking Fund .. .. .. £4,117 12 11 By Balance brought down .. .. .. £4,117 12 11 Notes. —(a.) Interest and Sinking Fund have been charged only in respect of the Marine Department's proportion of the loan capital, but it has been held that this is not strictly in accordance with the provisions of section 7 of the Westport Harbour Act, 1920, as amended by section 4of the Finance Act, 1921. (b.) Interest on advances from Consolidated Fund has been charged at the rate of 5J per centum per annum, which has been approved by the Treasury, but is not supported by statutory authority. The equity of both these charges is unquestioned, and legislation is being promoted this session to grant the necessary legal authority. Balance-sheet as at 31st March, 1926. Liabilities. Assets. Loan capital— £ s. d. £ s. d. £ s. d. Weatport Harbour Board Act, Eastern breakwater .. .. .. .. 202,142 0 0 1884 .. .. .. 58 16 6 Western breakwater .. .. .. .. 163,545 0 0 Westport Harbour Board Act, Training-walls .. .. .. .. 102,998 0 0 1884, and Loan Acts, 1896, Limestone quarry .. .. .. .. 128 0 0 1897, and 1900 .. .. 294,117 12 11 Orowaiti protective works and Buller relief channel 7,141 0 0 Westport Harbour Board Loan Floating basin . . .. .. .. 73,575 0 0 Act, 1908.. .. .. 117,647 1 2 Gridiron .. .. .. .. .. 2,196 0 0 Finance Act, 1921, section 4.. 141,126 17 2 Dredge wharf .. .. .. .. 2,790 0 0 552,950 7 9 Martin's Island .. .. .. .. 700 0 0 Reserve Account .. .. .. 62,438 310 Harbour buildings .. .. .. .. 4,619 0 0 Sinking Fund Reserve .. .. .. 109,890 9 2 Dredges, tug " Mana," &e. .. .. 25,361 0 0 Depreciation Reserve .. .. .. 15,075 4 0 Stock and stores .. .. .. .. 7,899 17 6 Harbour Maintenance Reserve .. .. 5,630 8 0 Sundry debtors— £ s. d. Sundry creditors — Accrued interest .. . . 302 7 2 Payments in advance .. 476 18 8 On open account .. .. 3,729 13 6 Accrued interest .. .. 3,577 14 11 4,032 0 8 Consolidated Fund, for interest, Sinking fund investments .. .. 109,890 9 2 &c. .. .. .. 26,445 10 9 Temporary investments .. .. 48,500 0 0 On open account .. .. 612 3 6 Cash — 31,112 7 10 In Public Account .. .. 21,520 16 9 With High Commiasioner, London .. .. .. 58 16 6 21,579 13 3 £777,097 0 7 £777,097 0 7 G. C. Godfrey, Secretary. J. E. Engel, 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, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General. Approximate Cost of Paper.—Preparation, not given; printing (660 copies), £144. By Authority; W. A. G. Skinner, Government Printer, Wellington.—l 926, Price Is. 6d.] 9—B. 1 [Pt. IY, Sup. B].

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1925-26., Appendix to the Journals of the House of Representatives, 1926 Session I, B-01-part06

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1925-26. Appendix to the Journals of the House of Representatives, 1926 Session I, B-01-part06

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1925-26. Appendix to the Journals of the House of Representatives, 1926 Session I, B-01-part06

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1925-26. Appendix to the Journals of the House of Representatives, 1926 Session I, B-01-part06

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1925-26. Appendix to the Journals of the House of Representatives, 1926 Session I, B-01-part06

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1925-26. Appendix to the Journals of the House of Representatives, 1926 Session I, B-01-part06

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