BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1926-27. AUDITED ACCOUNTS.

Appendix to the Journals of the House of Representatives, 1927 Session I, B-01-part05

B. —1 [Pt. IV, Supplementary] .

1927. NEW ZEALAND

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1926-27. AUDITED ACCOUNTS.

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CONTENTS. page Lands and Survey Department—continued. page Audit Department .. .. .. ..3 Wairoa Harbour Endowment Account .. ..72 Bank of New Zealand Shares Account . . .. 3 Wanganui Harbour Endowment Account .. 73 Cheviot Estate Account .. .. .. 4 Wanganui River Trust Account . . 73 Consolidated Fund —Revenue under Section 12 of Legislative Department .. .. 74 the Repayment of Public Debt Act, 1925 .. 4 Maori Land Boards .. .. .. ..84 Cook Islands Department . . .. . . 5 Marine Department .. .. .. 75 Crown Law Office .. .. .. 6 Mines Department .. .. . . 76 Customs Department .. . . . . 7 National Endowment Account .. . . 78 Defence Department .. . . .. 8 : National Endowment Trust Account .. . . 79 Deteriorated Lands Account . . . . 11 National Provident Fund .. .. 79 Discharged Soldiers Settlement Account.. 12 National Provident Fund and Friendly Societies Discharged Soldiers Settlement Loans Act 1920 Department . . . . . . 80 Depreciation Fund Account . . .. 14 Native Department .. .. .. 82 Electric Supply Account .. .. 15 Native Trust Office .. .. .. 89 External Affairs Department . . .. 36 Nauru and Ocean Islands Account .. 90 Government Fire Insurance Fund . . 37 Naval Defence .. .. .. 91 Government Life Insurance Department . . 38 Police Department .. .. . . 92 Government Stores Marine Insurance Fund .. 39 Post and Telegraph Department .. 94 Grey mouth Harbour Board—Special Coal Rate .. 40 Printing and Stationery Department .. 97 Hauraki Plains Settlement Account .. 40 Public Service Commissioner's Office .. 99 Health Department . . . . . . 42 Public Service Superannuation Fund . . .. 99 Immigration Department . . . . 48 Public Trust Office .. .. .. .. 101 Industries and Commerce Department .. 50 Public Works Fund—Ellesmere and Forsyth ReInternal Affairs Department .. .. 52 clamation and Akaroa Railway Trust Account .. 103 Justice Department .. .. .. 56 Railways Department .. . . .. . . 104 Kauri-gum Industry Account .. .. ..58 Railways Superannuation Fund.. .. ..113 Labour Department .. .. .. 59 Rangitaiki Land Drainage Account .. . . 115 Land Assurance Fund . . . . 60 Reserve Fund Account .. .. . . 117 Land and Deeds Department .. .. ..60 Samoan Loan Sinking Fund Account .. ..117 Land for Settlements Account (Discharged Soldiers Samoan Loan Suspense Account .. .. 118 Settlement Account) .. .. ..61 Stamp Duties Department .. .. ; 118 Lands and Survey Department— State Advances Office— Clutha River Trust Endowment Account .. 63 Settlers Branch .. .. .. ..119 Geraldine County River District Account .. 63 Workers Branch .. .. .. . . 120 Gore High School Endowment Account . . 64 Local Authorities Branch .. .. .. 121 Greymouth Technical and Hokitika High Schools Public Debt Sinking Funds Branch .. .. 122 Account .. .. .. 64 Advances Office Sinking Fund Account . . 123 Hunter Soldiers' Assistance Trust Account .. 65 Housing Account .. .. .. .. 124 Moumahaki Endowment Account .. 65 Loans to Employers for Workers' Dwellings New Zealand University Endowment, Westland Account .. . . .. . . . . 125 Account .. .. . . .. 66 Fruit-preserving Industry Account .. .. 126 North Island Experimental Dairy School Account 66 Cold Storage Advances Account .. .. 127 Otago.University Endowment Account .. 67 Fishing Industry Promotion Account .. .. 128 Primary Education Endowments Deposit Account 68 Repatriation .. .. . . . . 129 Scenic Reserves .. .. .. 70 State Coal-mines Account .. .. . . 130 Secondary Education Endowments Deposit State Fire Insurance Office .. .. .. 135 Account .. . . .. .. 69 Swamp Land Drainage Account .. .. 136 Taranaki Scholarship Endowment Account . . 71 Teachers' Superannuation Fund .. .. 138 Victoria College Endowment Account .. .. 71 Treasury Department .. .. .. .. 139 Waipiata - Hamilton's Library Endowment Ac- Valuation Department.. .. .. .. 140 count .. .. .. .. ..72 Westport Harbour Account .. .. ..141 ACCOUNTS UNDER AUDIT. Agriculture Department. Mental Hospitals Department. Education Department. Mining Advances Account. Electoral Department. Native Land Settlement Account. General Purposes Relief Account. Pensions Department. Land and Income Tax Department. Prime Minister's Department. Lands and Survey Department— Prisons Department. General Account. Public Works Department. Hutt Valley Lands Settlement Account. Scientific and Industrial Research Department. Rotorua College and Grammar School Account. State Forests Account. Land for Settlements Account. Tourist Department. Main Highways Account. Waihou and Ohinemuri Rivers Improvement Account.

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AUDIT DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 42,150 18 11 By Audit fees .. .. .. .. 22,758 16 1 Advertising, books and publications.. .. 90 11 1 Excess of expenditure over income .. .. 28,250 13 5 Allowances to Audit Officers, London .. 216 13 6 Allowances under Public Service Regulation 209 40 0 0 Law-costs . . .. .. .. 3 5 5 Office fittings and requisites . . .. 86 7 4 Postages, telegrams, and rent of boxes .. 229 10 2 Rent .. .. .. .. .. 1,408 2 6 Telephone services .. .. .. 154 5 8 Pay of non-permanents .. .. .. 1,301 9 9 Travelling-expenses .. .. .. 4,120 17 3 Audit fees written off .. .. .. 2 2 0 Contingencies .. .. .. .. 18 12 8 Depreciation . . .. .. .. 195 14 5 Printing and stationery .. . . .. 365 3 2 Transfer and removal expenses .. .. 430 16 4 Overtime and meal allowance .. .. 194 19 4 £51,009 9 6 £51,009 9 6 £ s. d. £ s. d. To Balance .. .. .. .. .. 28,250 13 5 By excess of expenditure over income .. .. 28,372 15 4 Interest on capital .. .. .. 122 1 11 £28,372 15 4 £28,372 15 4 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, 1926. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 2,713 0 4 Furniture and fittings .. .. .. 1,797 10 9 Treasury Adjustment Account .. .. 29,232 8 0 Mechanical appliances .. .. .. 268 16 9 Sundry creditors .. .. .. .. 371 12 2 Books .. .. .. .. .. 793 0 1 Fees paid in advance.. .. .. .. 27 10 0 Sundry debtors .. .. .. .. 1,855 13 7 Depreciation Reserve .. .. .. 917 1 0 Stamps . . .. .. .. .. 49 10 9 Writings-ofi Suspense Account .. .. 2 2 0 Stationery .. .. .. .. .. 126 6 3 Excess of expenditure over income .. .. 28,372 15 4 £33,263 13 6 £33,263 13 6 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. E. C. Campbell, Controller and Auditor-General. BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account por the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Interest on consolidated stock .. .. 32,500 0 0 By Dividends received and declared for the year.. 232,128 18 1 Management charges on consolidated stock . . 262 10 0 Balance .. .. .. .. 199,366 8 I £232,128 18 1 £232,128 18 1 Balance-sheet as at 31st March, 1927. Liabilities. Assets. Capital Account — £ s. d. £ s. d. Bank of New Zealand shares — £ s. d. New Zealand Consolidated 500,000 preference A shares (nominal stock — value) .. .. .. 500,000 0 0 3J per cent., 1940 .. 500,000 0 0 1,375,000 preference B shares (nominal 4 per cent., 1943-63 .. 375,000 0 0 value .. .. .. 1,375,000 0 0 875,000 0 0 234,375 long-term mortBank of New Zealand gage C shares £ s. d. Shares Account —In- (nominal value) 234,375 0 0 vestment Account .. 808,593 15 0 Less instalments not yet due.. 175,781 5 0 1,683,593 15 0 58,593 15 0 Capital reserve .. .. .. 250,000 0 0 Dividends declared but not paid .. .. 140,462 4 9 Accrued interest on consolidated stock .. 6,650 13 9 Treasury Adjustment Account .. .. 65,554 17 1 Balance of Income and Expenditure Account 199,366 8 I £2,139,610 16 10 £2,139,610 16 10 Accumulated profits to 31st March, 1927, £1,402,243 os. 5d., credited to Consolidated Fund. 6th July, 1927. A. D. Park, F.1.A.N.Z., 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.

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CHEVIOT ESTATE ACCOUNT. Revenue Account foe the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 847 19 10 By Accrued rent .. .. .. .. 19,308 17 0 Interest on inscribed stock .. .. 5,579 19 9 Interest on investments .. .. .. 7,882 16 8 Irrecoverable rents .. .. .. 7 19 3 Management charges of inscribed stock .. 37 6 3 Rebate .. .. .. .. 1,738 16 9 Balance carried down .. .. .. 18,979 11 10 £27,191 13 8 £27,191 13 8 £ s. d. £ s. d. To Balance carried forward .. .. .. 274,977 5 1 By Balance brought down .. .. .. 18,979 11 10 Balance from previous year .. .. 255,997 13 3 £274,977 5 1 £274,977 5 1 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. New Zealand consolidated stock . . .. 160,918 0 0 Land— £ _s. d. £ s. d. Interest on consolidated stock (accrued but not Leased .. .. .. 391,340 0 0 due) .. .. .. .. .. 1,373 6 4 ITnleased .. .. 300 0 0 Rents charged in advance .. .. .. 6 ,465 11 10 391,640 0 0 Reserve Account .. .. .. .. 129,670 11 11 Sundry debtors for rents .. .. .. 1,448 8 2 Writings-off in Suspense .. .. .. 719 3 Sundry debtors for interest on investments .. 419 14 7 Revenue Account .. .. .. .. 274,977 5 1 Postponed rent .. .. .. .. 1,333 19 2 Interest accrued but not due on investments .. 2,411 1 9 Outstanding Rents Suspense .. .. 7 19 3 Capital reductions by Revaluation Board . . 1,110 0 0 Rents written off by Revaluation Board .. 153 0 0 Investments in Public Debt Redemption Fund 2,230 4 0 £ s. d. Cash in Public Account .. 12,878 7 6 Investment Account .. 159,780 0 0 — 172,658 7 6 £573,412 14 5 £573,412 14 5 W. Robertson, Assistant Under-Secretary lor Lands. 20th June, 1927. J. H. O'Donnell, Controller of Accounts. 1 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. The following comment is appended : No portion of the annual contribution paid by the Consolidated Fund for the redemption of the loans raised for the purpose of this account is included in the Balance-sheet.—G. F. C. Campbell, Controller and Auditor-General. Note. —The annual contribution from the Consolidated Fund under the Repayment of the Public Debt Act, 1925, is not paid in respect of particular loans, but is for the redemption of debt generally. When loans of any separate account are redeemed, however, the amount of such redemption becomes a liability of the appropriate account to the Consolidated Fund in terms of section 22 of the Finance Act, 1926. A. D. Park, F.1.A.N.Z., Accountant to the Treasury. CONSOLIDATED FUND—REVENUE UNDER SECTION 12 OF THE REPAYMENT OF THE PUBLIC DEBT ACT, 1925. Revenue Account for the Year ended 31st March, 1927. Br. £ s. d. Or. £ s. d. To Public Debt Repayment Account— By Interest on the Public Debt Redemption Payments during the year — Fund due to the Consolidated Fund— | per cent, on the public debt out- Public Trust Oifice (£7,966,688 lis. 2d.), standing as at 31st March, 1926 Ist April, 1926, to 31st March, 1927, (£182,113,695 18s. 7d.) .. .. 896,651 3 5 at 5J per cent. .. .. .. 418,251 2 5 3| per cent, of the amount of the public Discharged Soldiers Settlement Account debt redeemed to 31st March, 1926 .. 31,140 12 10 (£13,500,000), Ist April, 1926, to 31st 3£ per cent, of the amount of the public March, 1927, at 4 per cent. .. 540,000 0 0 debt cancelled during the year com- State Advances Office (£3,258,955 19s. puted from dates of redemption .. 13,737 8 1 4d.), Ist April, 1926, to 31st March, Excess of revenue over expenditure .. 166,621 1 8 1927 (net earnings) .. .. 114,944 10 6 Accrued at 31st March, 1927 .. 34,954 13 1 £1,108,150 6 0 £1,108,150 6 0 Notes.—-(a) Included in the net earnings of the State Advances Office is an amount of £10,122 10s. lid. which had not been paid to Consolidated Fund by 31st March, 1927. (6) Overdue interest amounting to £9,093 3s. lid. on securities held by State Advances Office has not been included. (c) Interest has been credited on the full amount (£13,500,000) transferred from the Consolidated Fund to the Discharged Soldiers Settlement Account, and now declared to be capita] moneys of the Public Debt Redemption Fund, as the amounts to be written off against this sum have not yet been determined. A. D. Park, F.1.A.N.Z., Accountant to the Treasury. 7th October, 1927. I hereby certify that the Revenue Account has been examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

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COOK ISLANDS DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 12,294 4 5 By Balance carried down .. .. .. 25,363 14 10 Advertising .. .. .. .. 24 3 0 Cook and other islands administration expenses 708 15 7 Cook Islands lepers, maintenance .. .. 1,268 8 7 Expenses, Minister's visit to Cook Islands .. 71 10 5 Freight .. .. .. .. .. 4 16 10 Fuel, light, water, &c. .. .. . . 49 0 0 Grants — Bureau of Tropical Diseases .... 50 0 0 Education— Niue .. .. . . 500 0 0 Northern Cook Islands . . .. 500 0 0 Erection cargo-shed, Niue . . . . 500 0 0 Erection freezer, Rarotonga .. . . 1,000 0 0 House for Medical Officer, purchase of .. 500 0 0 Lepers, removal of .. .. .. 3,053 7 7 Repairing storm damage . . . . 2,000 0 0 To Sir Maui Pomare, for expenses in connection with Governor-General's visit to islands .. .. . . .. 150 0 0 Medical services, Niue .. . . .. 250 0 0 Postages, &c. .. .. .. ■ . 108 1 0 Printing and stationery .. .. .. 44 111 Telephones .. .. .. . . 72 0 0 Travelling allowances and expenses . . 102 5 8 Tropical allowances .. .. .. 1,848 11 7 Visit of Governor-General to Niue, expenses of 67 0 3 j Wireless plant, Niue, spare parts .. .. 105 14 0 Rent .. .. .. .. .. 80 0 0 Sundry expenses .. .. .. .. 7 17 6 Depreciation .. .. .. .. 3166 £25,363 14 10 £25,363 14 0 £ s. d. £ s. d. To Balance brought down .. .. .. 25,363 14 10 By Balance carried down .. .. .. 34,230 0 0 " Hinemoa " Revenue Account .. .. 8,866 5 2 £34,230 0 0 £34,230 0 0 £ s. d. £ s. d. To Balance brought down .. .. .. 34,230 0 0j By Excess of expenditure over income .. .. 34,468 510 Interest on capital .. .. .. 238 5 10 [ £34,468 5 10 j £34,468 5 10 Note.—The following charges, for which the Department possesses no parliamentary appropriation, are included : (a) Rental value as assessed by Public Works Department; (6) interest at 4£ per cent, on capital as at Ist April, 1926. N.Z.G.S. " Hinemoa " : Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d To Salaries and wages .. .. .. 5,604 13 11 : By Freights, passage-money, and miscellaneous Overtime .. .. .. .. 965 11 7 receipts .. .. .. .. 12,258 13 10 Refitting and repairs .. .. .. 1,089 15 8 Excess of expenditure over income .. .. 8,866 5 2 Victualling .. .. .. . ■ 1,885 11 1 Stores — Cabin .. .. . . ■ . 335 17 2 Deck .. . . .. . . .. 142 18 8 Engine-room . . .. .. . . 522 12 1 Coal .. .. .. .. .. 6,479 12 11 Water . . . . ■ ■ •. .. 27 3 6 Painting . . . . • ■ •. 128 13 6 Medical expenses .. .. .. 161109 Port charges .. . • • • • • 204 19 9 Miscellaneous .. .. .. .. 3,291 5 1 Reserve for losses . . • • .. 22 4 0 Depreciation on steamer .. . . .. 262 9 4 £21,124 19 0 £21,124 19 0 Balance-sheet as at 31st March, 1927. Liabilities. Assets. £ s. d. £ a. d. £ s. d. Capital .. .. .. .. .. 5,295 7 4 N.Z.G.S. " Hinemoa" .. .. 5,249 7 4 Sundry creditors . • . ■ . • •. 2,276 12 11 Additions .. .. . . 83 19 7 Depreciation Reserve .. .. .. 494 15 1 — 5,333 611 Treasury Adjustment Account .. .. 41,151 17 2 Office fittings .. .. .. 46 0 0 Additions . . .. .. 6 16 — 52 1 6 Stores on hand . . . . . . 1,645 0 2 Less writings-oil in Suspense . . 145 3 6 1,499 16 8 Sundry debtors .. .. .. . . 89 11 8 New motor-vessel (progress-payment) .. .. 4,126 7 0 Advances to other Governments' Accounts (Balances)— Cook Islands Administration .. .. 3,584 0 8 Niue Administration .. .. .. 65 2 3 Excess of expenditure over income .. .. 34,468 510 £49,218 12 6 £49,218 12 6 21st June, 1927. S. J. Smith, Acting-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 notes. —G. F. C. Campbell, Controller and Auditor-General.

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CROWN LAW OFFICE. Income and Expenditure Account for the Yeas ended 31st March, 1927. JSxpenditure. £ s. d. | Income. £ s. d. To Salaries .. .. .. .. .. 5,454 7 10 j By Law-costs .. .. .. .. 248 2 9 Annual certificates.. . . . . .. 26 5 0! Balance carried down .. .. 5,998 7 3 Office fittings, repairs, and requisites .. 10 13 1 j Postages .. .. .. .. . . 15 5 0 | Printing and stationery .. .. . . 137 13 6 j Law-costs .. . . .. . . 68 2 11 Telephone services .. . . .. 79 2 6 Sundry expenses .. .. .. .. 42 8 0 Rent (a) .. .. .. .. .. 248 0 0 Depreciation Reserve .. .. .. 164 12 .2 £6,246 10 0 ! £6,246 10 0 £ s. d. | £ s. d. To Balance brought down .. .. .. 5,998 7 3 i By Excess of expenditure over income .. .. 6,138 13 10 Interest on capital (6) .. .. .. 140 6 7 j £6,138 13 10 | £6,138 13 10 Notes. —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 4| per cent, on capital as at Ist April, 1926. Balance-sheet as at 31st March, 1927. Liabilities. Assets. £ s. d. £ s. d. Capital .. .. .. .. .. 3,118 94 j Office furniture .. .. .. .. 327 14 5 Sundry creditors .. .. .. .. 42 6 8 | Mechanical appliances.. .. .. .. 46 17 6 Depreciation Reserve .. .. .. .. 1,153 11 5 | Library .. .. .. .. .. 2,878 6 9 Treasury Adjustment Account .. .. .. 5,122 104 Expenses paid in advance .. .. .. 45 5 3 Excess of expenditure over income .. .. 6,138 13 10 £9,436 17 9 j £9,436 17 9 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.—G. F. C. Campbell, Controller and Auditor-General.

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CUSTOMS DEPARTMENT. Revenue Account foe the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. Cr. £ s. d. To Administrative charges— By Customs and excise duties .. .. 8,413,332 15 7 Salaries .. .. 87,671 0 5 Beer duty .. .. .. .. 621,072 911 Pay of non-permanents .. 1,223 16 4 Warehouse license fees .. .. .. 7,240 15 6 Allowances, overtime, and Customs agents' license fees . . . . 353 15 0 rewards .. .. 2,496 12 5 Brewery supervision fees .. .. 1,176 7 5 Expenses of official repre- Hop-beer license fees .. .. .. 118 15 0 sentative, London .. 429 1 11 Customs fines .. .. .. .. 680 4 7 Expenses of official repre- Distillation Act license fees . . . . 160 10 0 sentative, New York .. 1,311 2 5 Tobacco Act license fees .. .. 313 0 0 Payments to other Depart- 'Timber Act export duty . . . . 28 6 6 ments for services of Sale and disposal of seizures .. .. 32 3 6 officers .. .. 5,630 11 11 Immigration Restriction Act—Chinese pollPostage and telegrams, tax .. .. .. .. 2,400 0 0 and rent of boxes .. 767 5 5 Miscellaneous revenue .. .. .. 0 19 0 Printing and stationery .. 2,088 5 10 Telephone services .. 746 10 10 Transfer and removal expenses .. .. 331 19 10 Travelling allowances and expenses .. .. 845 8 10 Kent .. .. .. 4,650 7 10 Maintenance and repairs 88 12 8 Miscellaneous expenses of Head Office and local offices .. .. 3,373 6 1 111,654 2 9 Grant to Cook and Niue Islands Governments .. .. 2,817 0 0 ! Depreciation .. .. .. 947 2 7 Main Highways Account .. .. 188,450 6 1 j Balance carried down .. .. 8,743,241 10 7 ! £9,047,110 2 0 I £9,047,110 2 0 £ s. d. j £ s. d. To Interest on capital .. .. 1,354 8 10 | By Balance brought down .. .. .. 8,743,241 10 7 Excess of revenue over expenditure .. .. .. 8,741,887 1 9 £8,743,241 10 7 £8,743,241 10 7 Note.—Percentage cost of collection, including depreciation and interest on capital, 1'26 = £1 ss. 2d. 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, 1927. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. Capital funds .. .. .. 30,096 13 8 Office furniture and fittings .. 7,109 16 0 Sundry creditors — Additions during year .. 345 4 10 Outstanding expenses .. 2,217 12 5 7,455 0 10 Fees received in advance .. 6,770 15 8 Mechanical office appliances .. 780 611 Main Highways Account .. 7,792 15 1 Additions during year .. 147 911 16,781 3 2 927 16 10 Deposit Accounts — Buildings .. .. .. .. 13,358 10 9 Customs duties .. .. 99,363 9 2 Reserves .. .. .. .. 8,852 0 0 Immigration Restriction Acts 4,410 0 0 Stock on hand at Government — 103,773 9 2 Stationery Office— Depreciation Fund .. .. .. 4,474 10 1 Uniform trimmings .. .. 47 15 5 Excess of revenue over expendi- Testing and gauging instruture .. .. .. .. 8,741,887 1 9 ments .. .. .. 955 5 0 Customs forms .. . . 650 0 0 1,653 0 5 Sundry debtors — Government Departments .. 35,978 13 1 Other .... .. 181 0 1 36,159 13 2 Deposits Accounts— Receiver-General .. . . 87,090 0 0 Collectors of Customs .. 12,273 9 2 99,363 9 2 Treasury Adjustment Account .. .. 8,729,243 6 8 £8,897,012 17 10 £8,897,012 17 10 30th August, 1927. 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 note. —J. H. Fowler, Deputy Controller and Auditor-General.

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DEFENCE DEPARTMENT. Headquarters General Activities Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To Pay, military, civil, and Territorial .. .. 66,510 19 .10 By Rent of quarters, drill-halls, and offices 3,826 10 1 Grants for rifle shooting, and purchase and engraving Departmental rental value of buildings, of medals .. .. .. .. .. 1,986 14 5 &c., occupied .. .. .. 34,669 8 6 Medals issued during year, including war-medals .. 1,603 7 6 Grazing rights on rifle ranges and Medical examinations, attendance, and hospital charges 354 8 5 reserves . .. .. 509 1 6 Advertising, printing, stationery, postages, telegrams, Fines, Territorial and Cadets .. 99 19 4 telephones, repairs, cleaning and office expenses .. 6,253 2 0 Excess of expenditure over income, Maintenance.and hire of drill-halls, offices and buildings, carried down .. .. .. 171,898 13 6 parade-grounds, boat-sheds and launches (including departmental rental value of buildings occupied) .. 28,478 3 3 Compensation for sickness and accidents, special allowances, guards of honour, and funeral expenses .. 646 10 0 Maintenance of rifle ranges and targets .. .. 719 19 0 Rations, forage, fuel, light, and water .. .. 4,413 17 6 Courts of Inquiry, legal expenses and rewards to police 48 3 6 Travelling allowances and expenses, removal expenses, rail, steamer, tram, coach and ferry fares, freight and cartage .. .. .. .. .. 16,538 11 9 Hire and maintenance of horses .. .. .. 1,469 13 4 Clothing, stores, and ammunition .. .. . • 44,773 7 4 Use of Defence vessel for training purposes, &c. .. 2 5 0 Allowances and expenses of officers undergoing training abroad .. .. .. .. .. 8,875 19 2 Expenses in connection with wireless installations .. 41 15 11 Subsidies to officers' clubs .. .. .. 2 10 0 Electric power for camp lighting and drainage .. 1,762 3 0 Grants towards Y.M.C.A. secretaries at Territorial camps 300 0 0 Loss on sale buildings, Eeatherston Camp .. .. 1,568 11 9 Difference between book value and amount realized on sale old cottage, Trentham .. .. .. 400 0 0 Loss on disposal drill-hall, Kumara .. .. 37 6 0 Loss on Waiuku orderly-room, burned .. .. 42 19 1 Rifle Clubs and National Rifle Association. Proportion of pay of military staff .. .. .. 822 14 4 Railway fares .. .. .. .. .. 696 15 0 Small-arms ammunition issued free and at less than cost 8,056 2 9 Departmental rental value of buildings and ranges .. 542 14 0 Miscellaneous charges .. .. .. .. 59 5 8 Grants to National Rifle Association .. .. 1,000 0 0 Non-effective Services. Compensation to wife of L. P. O'Neill (deceased) .. 214 0 0 Contribution towards pensions of Imperial officers and non-commissioned officers on loan to New Zealand Government .. .. .. .. ■. 104 3 6 University fees, ex Duntroon College Cadets.... 86 9 6 Balance New Zealand Expeditionary Force pay and gratuity .. .. .. .. .. 274 16 8 Miscellaneous charges .. .. .. - .. 17 10 0 Disposals Depot—Loss on year's transactions after charging expenses of sales .. .. .. 369 7 10 Depreciation on— £ s. d. Buildings .. .. .. 11,255 4 8 Photostat .. .. .. 15 0 0 Libraries .. .. .. 42 4 4 Wireless installations .. .. 137 12 6 Furniture .. .. .. 479 4 5 — — 11,929 5 11 £211,003 12 11 £211,003 12 11 £ s. d. £ s. d. To Excess of expenditure over income, brought down .. 171,898 13 6 By Excess of expenditure over income £ s. d. after charging interest on capital .. 241,071 0 4 Interest on capital at 4J per cent. .. 69,310 14 4 Less gravel royalties received by Lands Department .. .. .. 138 7 6 69,172 6 10 £241,071 0 4 £241,071 0 4 Note.—The Revenue Accounts include departmental charges for rental value of buildings, &c., occupied, and interest on capital, for which the Department possesses no parliamentary appropriation.

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DEFENCE DEPARTMENT—continued. Territorial Forces Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To Pay, military, civil, and Territorial.. .. .. 87,110 811 By Rent of drill-halls .. .. 716 3 6 Clothing, stores, and ammunition .. .. .. 62,298 0 2 Grazing rights on rifle ranges and Medical examinations, attendance, and hospital charges 1,121 910 j reserves .. .. .. 478 11 10 Grants for rifle shooting .. .. .. .. 44 0 0 Excess of expenditure over income .. 213,017 18 5 Advertising, printing, stationery, postages, telegrams, telephones, repairs, cleaning and laundering . . 4,152 4 5 Maintenance and hire of drill-halls, offices, buildings, parade-grounds, boat-sheds, launches, camps, and departmental rental value of buildings occupied .. 12,454 8 9 Maintenance of rifle ranges and targets .. .. 4 6 9 Rations, forage, fuel, light, and water .. . . 18,682 12 6 Regimental and bands funds grants .. .. 2,702 2 1 Subsidies to officers' clubs . . .. .. 269 7 6 Travelling allowances and expenses, rail, steamer, tram, coach, and ferry fares, freights and cartage .. 21,421 18 11 Hire and maintenance of horses .. .. .. 3,420 1 4 Use of Defence vessel towing targets, &c. .. .. 306 15 0 Maintenance of wireless installations .. .. 37 4 10 Fees for technical training in cookery .. .. 115 0 Depreciation on— £ s. d. Furniture .. .. .. .. 120 8 2 Wireless installations .. .. 55 19 7 — 176 7 0 £214,212 13 9 1 £214,212 13 9 Cadet Forces Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d | Cr. £ s. d To Pay, military, civil, and Territorial.. .. 37,259 6 8 i By Rent of drill-halls .. .. 570 9 2 Clothing, stores, and ammunition .. .. .. 27,583 2 10 ! Grazing rights on rifle ranges and Medical examinations, attendance, and hospital charges 35 19 6 j reserves .. .. .. 455 12 11 Grants for rifle shooting .. .. .. .. 15 19 1 I Excess of expenditure over income .. 86,763 1 1 Advertising, printing, stationery, postages, telegrams, telephones, repairs, cleaning and laundering .. 2,724 11 6 Maintenance and hire of drill-halls, buildings, offices, parade-grounds, boat-sheds, launches, camps, and departmental rental value of buildings occupied .. 6,928 13 9 j Maintenance of rifle ranges and targets .. .. 20 7 8 Rations, forage, fuel, light, and water .. .. 4,510 16 8 Regimental and bands funds grants .. .. 998 6 7 Subsidies to officers' clubs .. .. . . 269 7 6 Travelling allowances and expenses, rail, steamer, tram, coach, and ferry fares, freight and cartage .. 7,156 5 5 Horse-hire and maintenance of horses .. .. 27 11 2 Depreciation on furniture .. .. .. 258 14 10 £87,789 3 2 £87,789 3 2 Army Ordnance Stores Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. I Cr. £ s. d. To Pay, military, and civil .. .. .. .. 39,041 1 6j By Hire of stores .. .. .. 730 9 6 Medical examinations, attendance, and hospital charges 34 11 0 | Excess of expenditure over income, Advertising, printing, stationery, postages, repairs, i carried down .. .. .. 52,680 10 6 cleaning and laundering .. .. .. 3,31311 0 Departmental rental value of buildings occupied .. 3,563 9 6 Rations, forage, fuel, light, and water .. .. 762 17 7 Maintenance and hire of horses .. .. .. 10 2 0 Travelling allowances and expenses, fares, freights and cartage .. .. .. .. .. 4,708 15 11 ! Clothing, stores, and ammunition consumed .. 1,722 15 10 Depreciation on furniture .. .. .. 253 15 8 £53,411 0 0 | £53,411 0 0 £ s. d. | £ s. d. To Balance brought down .. .. .. .. 52,680 10 6 j By Excess of expenditure over income Interest on capital, £2,119,676 15s. lid. at 4f per cent. 95,385 9 1 I after charging interest ~ .. 148,065 19 7 £148,065 19 7 ! £148,065 19 7 " Janie Seddon " Launch Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. | Or. £ s. d. To Pay of crew (including overtime) .. .. .. 1,710 112 By Hire of vessel .. .. .. 2,805 9 0 Deck, engine-room, and miscellaneous stores .. 162 12 7 Towing targets and transporting TerriFuel and water .. .. .. .. .. 415 18 1 torials .. .. .. .. 309 0 0 Maintenance, repairs, slip dues, &e. .. .. 342 6 2 License fees .. .. .. .. .. 41 0 0 Depreciation on vessel .. .. .. .. 223 9 6 Balance carried down .. .. .. .. 218 116 £3,114 9 0 £3,114 9 0 £ s. d. £ a. d. To Interest on capital £3,724 lis. lOd. at 4J per cent. .. 167 12 1 By Balance brought down .. .. 218 11 6 Excess of income over expenditure after charging interest on capital .. .. .. .. 50 19 5 £218 11 6 £218 11 6

2—B. 1 [PT. IY, SUP.] ,

9

B.—l [PT. IY, SUP.] .

DEFENCE DEPARTMENT —continued. Aviation Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. i Cr. £ s. dTo Pay, military, flying, and casual-duty flights .. 6,243 13 3 By Passenger flights and fees .. .. 615 11 3 Advertising, printing, stationery, postages, &c. .. 177 19 6 Hire of horses .. .. .. 6 8 6 Travelling allowances and expenses, rail and steamer Rent of reserves .. .. .. 325 3 4 fares, freights and cartage .. .. .. 1,292 19 3 Rent of buildings and quarters .. 202 13 8 Expenses and upkeep of machines, and stores consumed 9,158 17 5 ; Excess of expenditure over income, Pay, travelling, and other expenses of pilots attending carried down . . .. 23,721 2 3 refresher courses . . . . . . . . 1,107 15 2 Compensation and medical expenses in accident cases 137 14 10 Maintenance of buildings and departmental rental value of buildings occupied . . .. .. .. 989 10 4 Allowances and expenses of officers undergoing instruction abroad . . .. . . . . . . 943 5 0 Survey of aerodrome site at Hobsonville . . .. 53 14 8 Depreciation on— £ s. d. Buildings .. .. .. 512 9 2 Furniture .. .. .. 18 12 2 Aircraft, machines, and spares .. 4,234 8 3 4,765 9 7 £24,870 19 0 £24,870 19 0 £ s. d. £ s. d. To Balance brought down .. .. .. .. 23,721 2 3 By Excess of expenditure over income Interest on capital, £83,899 at 4£ per cent. .. .. 3,775 9 6 after charging interest on capital .. 27,496 11 9 £27,496 11 9 J £27,496 II 9 Balance-sheet as at 31st March, 1927. Liabilities. \ Assets. £ s. d Capital Account— £ s. d. Public Works Fund —Lands and buildings .. .. 854,861 7 4 Liability to Treasury at Ist April, 1926 3,747,538 17 4 j Consolidated Fund— £ s. d. Value of gifts from Imperial Govern- Armament, heavy gun and smallment and other sources . . .. 40,329 18 7 arms ammunition .. .. 1,113,963 5 4 Less Lower Hutt Fire Suspense 3,787,868 15 11 Account .. .. 3,937 5 4 Treasury Adjustment Account .. 640,696 4 2 1,110,026 0 0 Depreciation Reserve Account .. 63,471 2 9 Ordnance stocks at Vocabulary prices .. .. 1,557,864 13 4 Stores Depreciation Reserve Account .. 266,099 II 5 1 Obsolete stocks at Disposal Depot .. .. 12,275 16 6 Nelson Province Rifle Prize Fund .. 1,028 18 3 j Unit equipment and stocks .. .. .. 412,945 9 4 Rents received in advance . . . . 237 3 3 Army Service Corps supplies .. . . .. 807 15 4 Sundry Creditors .. .. .. 27,284 12 0 Stationery and publications .. .. .. 3,801 15 0 Libraries .. .. .. .. .. 1,001 14 0 Medals and ribbons .. .. .. . . 4,434 1 6 Defence vessel " Janie Seddon " .. 3,724 11 10 Consumable stores on board . . 26 9 3 3,751 i i Aircraft spares and stores .. .. .. 68,71716 8 Oils and spirits (aircraft).. .. .. .. 1,431 13 10 Wireless installations .. .. .. .. 1,517112 Furniture .. .. .. .. .. 28,131 6 9 Power-house machinery .. .. 3,170 6 0 Power-house stores (consumable) .. 49 19 6 3,220 5 6 Horses at valuation .. .. .. .. 1,753 13 4 Nelson Province Rifle Prize Fund .. 1,000 0 0 Balance of interest on same in Deposits Account .. .. 28 18 3 1,028 18 3 Sundry debtors .. . . 2,067 11 7 Rents accrued . . . . .. 133 5 5 2,200 17 0 Stamps (including stamps and cash in Regimental Funds Grant Accounts) .. .. .. .. .. 551 0 1 Assets in Suspense Account pending authority to write off .. .. 4,461 11 9 Less writings-off Suspense Account . . .. .. 4,461 11 9 Excess of expenditure over income— Aviation Revenue Account .. 27,496 II 9 Headquarters General Activities Revenue Account .. .. 241,071 0 4 Territorial Revenue Account .. 213,017 18 5 Cadets Revenue Account . . 86,763 I I Army Ordnance Stores Revenue Account .. .. .. 148,065 19 7 716,414 11 2 Less " Janie Seddon " Revenue Account i. . • 50 19 5 —_• 716,363 11 9 £4,786.686 7 9! £4,786,686 7 9 -- - | =«= H. M. Griffen, Lieut.-Colonel, Director of Financial Services. L. 0. Forgie, Major, 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. —6. F. 0. Campbell, Controller and Auditor-General,

10

B.—l [PT. IV. SUP.].

DETERIORATED LANDS ACCOUNT. LiECisiFi'b and Payments Account foe the Yeae ended 31st March, 1927. Receipts. £ s. d. Payments. £ s. d. To Balance in Public Account at Ist April, By Expenditure under section 12, sub--1920 .. .. .. .. 1,727 10 1 : section 4 (d), Deteriorated Lands Debentures issued .. .. 10,000 0 0 Act, 1925 .. .. .. 6,759 4 7 Advances under section 11, Deteriorated Lands Act, 1925 .. .. 246 11 6 Balance in Public Account .. .. 4,721 14 0 £11,727 10 1 ! £11,727 10 1 Revenue Account foe the Yeae ended 31st Maech, 1927. Dr. £ s. d. : Or. £ s. d. To Expenditure under section 12, sub- ' By Accrued interest .. .. .. 0 17 6 section 4 (d), of the Deteriorated Balance carried forward .. .. 7,212 410 Lands Act, 1925— £ s. d. Advertising . . 24 3 3 Printing and stationery 50 11 10 Expenses of committees, &o. .. 6.842 11 8 — 6,917 6 9 Interest on loans .. .. .. 295 15 7 j £7,213 2 4 £7,213 2 4 £ s. d. £ s. d. To Balance brought forward from previous By Balance carried forward .. .. 7,745 0 0 year .. .. .. .. 532 15 2 j Balance brought down .. .. 7,212 410 I £7,745 0 0 £7,745 0 0 Balance-sheet as at 31st Maech, 1927. Liabilities. £ s. d. Assets. £ s. d. Loan Account .. .. . . 12.000 0 0 Advances on mortgages—Advances under Sundry creditors for— £ s. d. section 11 of the Deteriorated Lands Interest accrued on loans .. 238 0 7 Act, 1925 .. .. .. 275 0 0 Consolidated Fund, for in- Sundry debtors for interest on advances 0 17 6 terest paid on debentures 60 7 8 Revenue Account—Balance carried forMiscellaneous services .. 444 3 3 ward .. .. .. .. 7,745 0 0 742 LI 6 Cash in Public Account .. .. 4,721 14 0 £12,742 11 6 £12,742 11 6 W. Robertson, Assistant Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the statement of Receipts and Payments, Revenue Account, and Balancesheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

11

B.—l [PT. IV, SUP.] .

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. Receipts and Payments Account fob the Yeak ended 31st March, 1927. Receipts. | Payments. To Balance, Ist April, 1926— £ s. d. £ s. d. | By Ad vances on mortgages, &c.— £ s. d. £ s. d. Cash in Public Account .. 15,169 19 4 Current Account .. 501,586 6 2 Imprests outstanding .. 11,284 12 4 j Section 2, Farms Account 8,456 17 3 Investment Account 99,819 0 9 j Section 2, Dwellings Ac126,273 12 5 ! count .. .. 41,208 8 8 Repayment of advances— Miscellaneous advances .. 2,143 3 4 Current Account .. 465,187 1 6 553,394 15 5 Section 2, Farms Account 97,664 8 9 Plant Account—Purchase of motor-cars, &c... 202 10 2 Section 2, Dwellings Ac- Purchase of live and dead stock .. .. 433 5 7 count .. .. 269,609 16 11 j Working-expenses of properties acquired by Buildings .. .. 201 16 9 power of sale .. .. .. .. 6,890 16 7 Miscellaneous advances .. 1,798 13 1 Sundry estates .. .. .. .. 6,282 2 4 834,461 17 0 Capital expenditure on farms Property Account — acquired by power of Freehold .. 28,718 17 I sale — £ s. d. Leasehold .. .. 8,004 3 4 i Property freehold .. 8,807 7 1 36,723 0 5 Property leasehold .. 1,936 16 4 Realization Account .. .. .. 33,000 16 5 j 10,744 3 5 Sale of farm-produce .. .. .. 3,172 17 9 I Realization Account—Expenses incidental to Sundry estates .. .. .. .. 7,271 1 7 acquisitions of properties .. .. 15,764 II 11 • Sale of live and dead stock .. .. 5,948 5 4 Repayment of State Advances mortgages .. 457 3 7 Sale of plant .. .. .. .. 234 15 2 j Sundry creditors —Accounts not cleared in Suspense Account .. .. .. 2,969 7 2 Treasury books in previous years .. 11,606 16 8 Fire Loss Suspense Account .. .. 24,005 3 4 Interest on debentures .. .. .. 162,721 0 0 Bills receivable .. .. .. .. 40 17 9 ; Interest on advances from Consolidated Fund 200,000 0 0 Sundry debtors (accounts not cleared in I Stamp duty (transfers of consolidated stock).. 64 1 4 Treasury in previous years) .. .. 638 I 2 Management charges on stock .. .. 39 9 9 Interest on advances — £ s. d. ! Charges and expenses of raising loans .. 1,006 5 0 Current Account .. 126,704 12 6 Loans repaid .. .. .. .. 50,500 0 0 Section 2, Farms Account 250,720 11 5 Vote " Expenses of manageSection 2, Dwellings Ac- ment " — count .. .. 304,849 17 3 Supervision and manage- £ s. cL Miscellaneous .. .. 363 3 3 ment of securities .. 39,785 0 0 682,638 4 5 Expenses of Revaluation Interest on investments .. .. .. 6,074 17 10 Board .. .. 1,368 6 3 Rent and grazing fees .. .. .. 15,416 17 11 41,153 6 3 Valuation fees .. .. .. .. 127 19 0 Fire Loss Suspense Account .. .. 15,064 11 11 Production and transfer fees .. .. 657 4 0 Suspense Account .. .. .. 1,967 7 9 Sundries .. .. .. .. 302 17 4 Valuation expenses .. . . .. 208 7 6 Printing and stationery .. .. .. 284 15 I Travelling-expenses .. .. .. 511 14 7 Maintenance of plant .. .. . . 56 5 6 Working-expenses of tractor .. .. 587 19 3 Audit fees .. .. .. .. 500 0 0 Sundries .. .. .. .. 246 5 8 Balance, 31st March, 1927 — £ s. d. Cash in Public Account .. 224,482 2 10 Imprest outstanding .. 7,404 4 8 Investment Account .. 467,383 13 3 699,270 0 9 £1,779,957 16 0 £1,779,957 16 0 Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Gr. To Interest on debentures .. .. .. 332,071 010 By Interest on advances — £ s. d. £ s. d. Interest on advances from Consolidated Fund 540,000 0 0 Current .. .. 146,081 4 1 Charges and expenses of raising loans .. 11,006 5 0 Section 2, farms .. 332,179 12 8 Stamp duty on transfers of consolidated stock, Section 2, dwellings .. 331,722 11 5 &c. .. .. .. .. 64 1 4 Miscellaneous .. .. 1,215 2 8 Management charges of consolidated stock .. 39 9 9 811,198 10 10 Audit fees .. .. .. .. 500 0 0 Interest on surplus funds temporarily invested 7,875 8 0 Management expenses .. .. .. 39,791 14 0 Interest on purchase-price of stock, Mataikona Printing and stationery .. .. .. 388 10 3 Settlement .. .. .. 642 18 2 Incidental expenses in connection with pro- Rent from properties bought in by Crown .. 20,700 11 9 perties,acquired by the Crown .. .. 5,001 9 10 Profit from sales of properties and stock .. 2,249 3 5 Maintenance of plant ~ .. .. 56 5 6 Profit from sale of plant .. .. .. 44 7 7 Rebates of interest and rent .. .. 43,717 10 I Transfer and production fees .. .. 658 6 6 Remissions of interest and rent .. .. 4,347 8 9 Valuation fees .. .. .. 105 9 6 Valuation expenses .. .. •. 207 8 6 Miscellaneous .. .. .. .. 786 8 5 Travelling-expenses of Inspectors of Securities, Net loss for year .. .. .. 407,689 3 1 &c. .. .. .. .. .. 507 18 9 Commission on sales of properties, &c. .. 407 0 5 Interest written off—Postponements under section 16, Discharged Soldiers Settlement Amendment Act, 1921 .. .. .. 699 2 1 Loss on realization of securities—Writings-off in Suspense .. . . .. .. 271,144 6 7 Depreciation Reserve—Plant, &c. .. .. 1,345 6 11 Reductions of mortgages under section 6 (1), Deteriorated Lands Act, 1925 .. .. 475 0 0 Remissions of interest and rent under section 6 (1), Deteriorated Lands Act, 1925 .. 180 8 8 £1,251,950 7 3 £1,251,950 7 3 £ s. d. £ s. d. To Net loss for year brought down .. .. 407,689 3 1 j By Balance—Net loss, 31st March, 1927 ..1,190,337 511 Loss forward from previous year .. .. 781,208 3 0 Adjustment on account previous years .. 1,439 19 10 £1,190,337 5 11 £1,190,337 5 11

12

B.—l [PT. IV, Sup.] .

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT—continued. Balance-sheet as at 31st March, 1927. Liabilities. Assets. Capital Account— £ s. d. £ s. d. Advances on mortgage— £ s. d. £ s. d. Secur'ties issued .. 6,452,675 16 8 Current Account .. 2,801,151 14 2 Transferred from Con- Section 2, Farms Account 6,369,931 6 7 solidated Fund .. 13,500,000 0 0 Section 2, Dwellings AcSecurities redeemed from count .. .. 6,370,125 12 9 Consolidated Fund .. 13,350 0 0 15,541,208 13 6 Securities redeemed from Land leased under sections 4 and 5, Discharged Depreciation Fund Ac- Soldiers Settlement Amendment Act, 1921.. 250,556 0 0 count .. .. 40,660 0 0 Unpaid purchase price, not yet payable, of — 20,006,685 16 8 buildings on Crown properties .. .. 12,582 7 5 Consolidated Fund, for interest unpaid on Sundry advances merged with value of Crown amount transferred from Consolidated Fund 880,000 0 0 lands, &c., section 20 (3), Discharged Consolidated Fund, for interest paid on de- Soldiers Settlement Amendment Act, 1923 35,737 9 1 bentures, &c. .. .. .. .. 160,010 12 6 Property Account —Properties acquired by Consolidated Fund, for interest paid on Crown — £ s. d. redemptions from Consolidated Fund .. 496 2 1 Freehold .. .. 549,421 6 9 Interest on loans accrued to 31st March, 1927, Leasehold .. .. 264,803 7 8 but not payable on that date .. .. 103,630 11 7 814,224 14 5 Sundry creditors, for interest unpaid on Realization Account — debentures .. .. .. .. 1,932 10 0 Properties in course of Sundry creditors —Payments in advance .. 3,267 4 7 realization .. .. 444,244 8 4 Land for Settlements Account —Accrued in- Live stock on hand .. 18,580 5 6 terest on purchase-money, Mataikona Dead stock on hand .. 2,423 3 2 Estate .. .. .. .. 24,060 9 9 465,247 17 0 Sundry creditors for — £ s. d. Sundry estates—Live and dead stock .. 25,673 12 11 Miscellaneous services .. 7,683 10 8 Machinery and'plant .. .. .. 5,584 17 11 Advances from State Ad- Office requisites .. .. .. .. 15 7 7 vances Office on pro- Dominion Revaluation Board —Current Adperties acquired by vances Suspense, section 3 (3) (6), Discharged Crown .. .. 9,097 2 10 Soldiers Settlement Amendment Act, 1924 12,250 15 4 16,780 13 6 Postponements— £ s. d. Suspense Account (receipts not allocated) .. 1,397 15 8 Principal instalments .. 45,725 13 6 Realization Suspense .. .. .. 543 10 2 Interest .. .. 137,588 18 8 Writings-off in Suspense .. .. .. 216,121 19 3 Rent.. .. .. 869 8 11 Fire Loss Suspense Account .. .. 8,312 17 7 j 184,184 I 1 Rents charged in advance .. .. 3,046 6 0 j Interest on advances accrued but not due .. 123,639 18 6 Interest charged in advance .. .. 67 0 0 [ Interest accrued but not due on surplus funds Depreciation Reserve Account .. .. 3,222 17 7 | temporarily invested .. .. .. 3,757 5 8 Reserve Account .. .. .. 56.101 17 I j Sundry debtors for principal instalments — £ s. d. Section 2, Farms Account 60,259 14 I Section 2, Dwellings Account .. .. 26,732 6 9 Buildings on properties.. 269 2 0 Merged interests under section 20 (3), Discharged Soldiers Settlement Amendment Act, 1923 .. .. 360 II 3 87,621 14 1 Sundry debtors for interest — Current Account .. 100,708 16 7 Section 2, Farms Account 135,893 16 7 Section 2, Dwellings Account .. .. 19,302 3 I Buildings on properties.. 242 0 10 Merged interests under section 20 (3), Discharged Soldiers Settlement Amendment Act, 1923 .. .. 1,507 14 1 Miscellaneous advances.. 23 13 9 257,678 4 II Sundry debtors for — Rent of properties .. 10,118 4 4 Sales of stock, implements, &c. .. .. 374 1 7 Working - expenses of tractor .. .. 973 9 2 Miscellaneous advances (insurance, rates, &c.) 919 9 5 Amounts owing by other accounts under section 20 (4), Discharged Soldiers Settlement Amendment Act, 1923 28,719 8 4 Miscellaneous (amounts being recovered from other Departments, &c.) 2,259 7 5 — 43,364 0 3 Carried forward.. .. .. £21,485,678 4 0 Carried forward .. .. .. £17,863,326 19 8

13

B.—l [PT. IV, SUP. j .

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT—-continued. Balance-sheet as at 31st March, 1927 —continued. Liabilities —continued. Assets—continued. £ s. d. £ So d. Brought forward .. .. 21,485,678 4 0 Brought forward .. .. 17,863,326 19 8 Charges and expenses raising loans .. 145,000 0 0 Losses in Suspense Account .. .. 216,121 19 3 Revaluation Board determinations— Reductions in mortgage £ s. d. value .. .. 913,553 2 0 Interest written off .. 220,101 4 7 Remission of interest .. 161,292 8 0 Rents written off . . 199 3 4 Revaluation Committee expenses .. .. 29,633 8 5 Revaluation Board expenses .. .. 10,640 15 0 1,335,420 1 4 Revenue Account—Net loss, 31st March, 1927 1,190,337 511 Investments in Public Debt Redemption Account at 31st March, 1927 .. .. 36,201 17 1 Cash in Public Account, £ s. d. 31st March, 1927 .. 224,482 2 10 Imprests outstanding .. 7,404 4 8 Investment Account .. 467,383 13 3 699,270 0 9 £21,485,678 4 0 £21,485,678 4 0 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. 1 hereby certify that the Statement of Receipts and Payments, 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. The following co nrnents are appended : (1) The accounts have been compiled from unaudited journal entries of the various Land Boards pending the completion of the local examinations by the Audit Inspectors. (2) The only assets verified are cash in Public Account, Imprests outstanding, and liabilities for loans and accrued interest thereon. (3) The accounts do not include a charge for any portion of the Government subsidy to Superannuation Funds. (4) The interest charged in the account on the loans from Consolidated Fund (£13,500,000) is subject to adjustment when the necessary legislation is obtained to authorize the amount of certain losses to be written off. —G. F. C. Campbell, Controller and Auditor-General. 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, 1927. Expenditure. £ s. d. Income. £ s. d. To Commission, costs, and expenses .. .. 916 0 By Interest on investments .. .. .. 18,529 16 8 Excess of income over expenditure .. 13,520 0 8 £13,529 16 8 £13,529 16 8 Balance-sheet as at 31st March, 1927. Liabilities. Assets. £ s. d. Accumulated Fund — £ s. d. £ s. d. Investments .. .. .. .. 296,650 0 0 Balance at 31st March, 1926 .. 298,802 17 10 Interest accrued on investments .. .. 3,981 19 6 Add— Interest due and unpaid on investments .. 425 1 5 Transferred from Consoli- Cash in Public Account .. .. .. 59,316 8 7 dated Fund .. .. 50,000 0 0 Excess of income over expenditure for the year ended 31st March, 1927 .. 13,520 0 8 362,322 18 6 Less— Redemptions in terms of section 7, Discharged Soldiers Settlement Act, 1920 .. 1,949 9 0 360,373 9 6 | £360,373 9 6 j £360,373 9 6 6th July, 1927. A. D. Park, F.1.A.N.Z., 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.

14

B.—l [PT. IV, Sup.] .

ELECTRIC SUPPLY ACCOUNT. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1927. General Balance-sheet at 31st March, 1927, compared with Position at 31st March, 1926.

15

1925-26. Liabilities. 1926-27. ' 1925-26. : Assets. 1926-27. £ s. d. Aid to Water-power Works and Electric £ s. d. £ s. d. j £ s. d. j Lake Coleridge scheme — £ s. d. £ s. d. Supply Accounts — I 1,464,931 0 8 1 Assets as per separate balance-sheet .. 1,608,880 17 10 Debentures issued — .. Investments, Sinking Fund .. .. 9,192 14 2 189,000 0 0 At 4 per cent, interest .. .. 274,000 0 0 1,618,073 12 0 310,000 0 0 | At 4J per cent, interest .. .. 225,000 0 0 i 108,450 ,0 0 ! At 5J per cent, interest .. .. 108,450 0 0 ; Lake Waikaremoana scheme — 51,650 0 0 i At 5 per cent, interest .. .. 50,550 0 0 81,702 13 2 Assets as per separate balance-sheet .. 191,664 15 7 N.Z. inscribed stock — 10,682 18 9 Profit and Loss Account —Loss to date .. 15,050 4 7 , 804,460 0 0 | At 5 per cent, interest (due 1930) .. 805,560 0 0 ! ] 206,715 0 2 ] 195,550 0 0 j At 5|-per cent, (due 1936) .. .. 293,550 0 0 92,385 11 11 X.Z. Consolidated Stock — J 542,004 10 10 At per cent, (due 1945) .. .. 542,004 10 10 Waikato River schemes — 51(1,991 13 4 At 5 per cent, (due 1935-46).. .. 1,652,640 11 2 Horahora — 1,884,642 6 3 t At 6 per cent, interest (due 1936-51) .. 1,884,642 6 3 767,637 2 3 Assets as per separate balance-sheet .. 883,938 15 7 — : — 5,836,397 8 3 17,596 11 3 Investments, Sinking Fund .. .. 30,067 1 9 ' 4,596,748 10 5 ! — — — 914,005 17 4 785,233 13 6 II ; | Waiki Gold-mining Company (Limited) — Arapuni — Purchase of Horahora works —Deed of i 553,019 14 11 Assets as per separate balance-sheet .. .. 1,216,032 5 4 212,500 0 0 ; security at 5 per cent, interest .. .. 212,500 0 0 Mangahao scheme — Consolidated Fund — ! 2, 11 1,908 4 2 \ Assets as per separate balance-sheet .. 2,325,264 7 6 Interest accrued on loans to 31st March, 67,290 12 9 Profit and Loss Account —Loss to date .. 124,193 2 1 45,978 3 0 1926 .. .. .. .. j 60,640 7 3 1 —: ! 2,449,457 9 7 100 18 0 Sundry creditors for interest unclaimed .. 324 11 3 ,2,179,198 16 11 60,964 18 6 j | 46,079 1 0 Other schemes, surveys, &c. — I 6,045 10 8 North Island .. .. •• 6,044 17 5 5,129 6 11 ; South Island .. .. .. 11,965 10 11 Amount set aside as reserve to cover differ- 4,613 9 1 ; General surveys and investigations .. 4,622 19 10 i ence between interest payable on loans 1 raised and interest earned from their £ s. d. 22,633 8 2 31,250 0 5 temporary investment pending use .. .. 30,261 11 2 578 4 10 Material on hand .. 374 9 7 212 11 i; Sundry debtors .. .. 229 4 7 | ! 603 14 2 16,579 2 7 — 23,237 2 4 4,886,577 11 10 Carried forward .. .. j .. 6,140,123 17 11 5,091,348 0 6 Carried forward .. .. .. 6,427,521 6 9 \ I [ 1

B. —1 [PT. IV, Sup.] .

ELECTRIC SUPPLY ACCOUNT— continued. General Balance-sheet at 31st March, 1927, as compared with Position at 31st March, 1926— continued.

I hereby certify that the General Balance-sheet has been duly examined and compared with the relative books J. J. Gibson, and documents submitted for audit, and correctly states the position as disclosed thereby, subject to the reservations Accountant, Public Works Department, included in the certificates of the balance-sheets of the separate schemes required in terms of section 6, State Supply of Electrical Energy Act, 1917.— G. F. C. Campbell, Controller and Auditor-General.

16

1925-26. Liabilities. 1926-27. || 1925-26. j Assets. 1926-27. | ! . II | I £ s. d. £ s. d. j £ s. d. £ s. d. £ s. d. £ s. d. i4,886, 577 11 10 Brought forward .. .. .. ; 6,140,123 17 11 Jjo,091, 348 0 6 Brought forward .. .. .. 6,427,521 6 9 Sundry Creditors — ! j Charges and expenses of raising loans not | 44,895 3 10 ; Arapuni scheme .. .. .. [ 106,206 11 10 i 43,148 0 2 distributed to schemes .. .. .. 875 15 0 ! 4,614 9 9 Horahora scheme .. .. .. j 7,048 16 9 J Balance in Electric Supply Account at the 34,915 18 2 ; Lake Coleridge scheme .. .. I 13,258 9 7 end of the year — 15,290 3 4 j Mangahao scheme .. .. .. 28,023 17 3 j I 2,350 6 8 Cash in Public Account .. .. 44,866 5 8 i 291 8 8 i Waikaremoana scheme .. .. 14,686 3 5; In hands of Government officers in New 163 13 3 j South Island surveys .. .. .. 577 2 9 j 2,145 , 7 0 Zealand .. .. .. .. 200 Amount due to Public Works Fund, Public I In hands of Government officers in j Works Departmental, for Head Office 43,616 0 9 London .. .. .. .. I 79,322 4 9 j 26,240 0 0 ! salaries, &c. .. .. .. .. ! j ; 124,190 10 5 169,801 1 7 48,111 14 5 126,410 17 0 j ! i Depreciation Reserves — 46,443 18 4 Horahora scheme .. .. 63,782 3 2 Investment Account (funds invested until 111,526 8 0 Lake Coleridge scheme .. .. 142,594 2 0 90,000 0 0 actually required for use) .. 150,000 0 0 30,056 0 0 Mangahao scheme .. .. .. 64,255 5 0 J 4,431 0 0 Waikaremoana scheme .. .. 6,326 1 0 — 276,957 11 2 192,457 6 4 Interest accrued on investments to 31st Sinking Funds— 1,196 7 5 March, 1926 .. .. .. 5,573 18 1 28,938 U 3 Horahora scheme .. .. .. 38,515 1 9 } 40 17 10 Sundry debtors for interest due but unpaid 421 7 0 8,906 15 11 Lake Coleridge scheme .. .. 35,442 19 5 | — 5,995 5 1 73,958 1 2 ji 1,237 5 3 37,845 7 2 Reserve Fund — 30,553 18 0 Horahora scheme . . .. .. .. 47,669 10 0 I Writings -off in Suspense — ; Lake Coleridge scheme .. .. .. 72 15 5 |5,273,8-45 0 4 Total .. .. .. .. .. £6,708,582 17 3 £5,273,845 0 4 Total .. .. .. .. £6,708,582 17 3; | ==- I ) -1 ' j

B.—l [PT. IV, Sup.] .

ELECTRIC SUPPLY ACCOUNT— continued. WAIKAREMOANA ELECTRIC-POWER SUPPLY Profit and Loss Account for the Year ended 31st March, 1927, compared with Year ended 31st March, 1926.

3 —B. 1 [PT. IY, Sup.].

17

1925-26. Dr. 1926-27. 1925-26. j Or. 1926-27. £ s. d. £ s. d. 1 £ s. d. £ s. d. 4,388 4 0 To Interest on capital .. .. .. .. .. 4,861 7 0 j 2,425 13 7 By Rental of plant and land leased to Wairoa Power Board .. 2,404 2 2 13 0 0 Departmental expenses .. .. .. .. 15 0 0 3,523 2 5 Loss for year .. .. .. .. .. 4,367 5 10 Depreciation on plant (2 per cent, on value of assets in 1,432 6 0 operation at close of year) .. .. .. .. 1,717 16 0 115 6 0 Interest on Depreciation Reserve (4 per cent, on £4,431) .. 177 5 0 £5,948 16 0 £6,771 8 0 £5,948 16 0 £6,771 8 0 3,523 2 5 To Loss for year as above.. .. .. .. .. 4,367 5 10 10,682 18 9 By Accumulated loss to date .. .. .. .. 15,050 4 7 7,159 16 4 Loss carried forward at 1st April, 1926 .. .. .. 10,682 18 9 £10,682 18 9 £15,050 4 7 £10,682 18 9 | £15,050 4 7 — i—' i ! ===== 1===== Depreciation Reserve. £ s. d. | £ s. d. £ s. d. £ s. d. 4,431 0 0 To Balance .. .. .. .. .. .. j 6,326 1 0 | 2,883 8 0 By Balance at close of previous year .. .. .. 4,431 0 0 115 6 0 Interest .. .. .. .. .. .. 177 5 0 1,432 6 0 Amount reserved for year .. .. .. .. 1,717 16 0 i !_ | _______ £4,431 0 0 £6,326 1 0 1 £4,431 0 0 £6,326 1 0

B.—l [PT. IV, Sup.] .

ELECTRIC SUPPLY ACCOUNT— continued. WAIKAREMOANA ELECTRIC-POWER SUPPLY— continued. Balance-sheet as at 31st March, 1927.

I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. The following comment is appended : In the opinion of the Audit Office the purchase-price of the land exchanged for the watershed and paid for out of the Lands Improvement Vote is a proper charge against the scheme.— G. F. C. Campbell, Controller and Auditor-General.

18

Liabilities. Assets. £ s. d. Temporary development — £ s. d. £ s. d. Electric Supply Account —Balance carried to general balance-sheet .. .. 186,702 15 9 I Headworks and pipe-lines .. .. .. .. .. 26,827 18 10 Sundry creditors .. .. .. .. .. .. .. 14,686 3 5 i Building and machinery .. .. .. .. .. 30,831 11 4 Depreciation Reserve .. .. .. .. .. .. .. 6,326 1 0 I Workshop, equipment, &c. .. .. .. .. .. 477 9 3 58,136 19 5 ! Main development — Headworks .. .. .. .. .. 19,860 2 3. Main power-house .. .. .. .. .. 10,450 4 2 Outdoor station .. .. . . .. .. .. 534 17 7 j Staff village .. .. .. .. .. 11,460 0 10 I Transmission-lines .. .. .. .. .. 4,167 5 1 Substations (survey) .. .. .. .. .. 36 7 5 46,508 17 4 i Management and general expenses .. .. .. .. .. 12,861710 j Workers'accommodation .. .. .. .. .. .. 13,030 3 1 Medical and first-aid appliances .. .. .. .. .. 54 6 0 Temporary service buildings .. .. .. .. .. .. 4,783 5 10 Main roads and bridges .. .. .. .. .. .. 17,109 13 4 Land for headworks, &c. .. .. .. .. .. .. 6,627 6 7 Telephone-line to Wairoa .. .. .. .. .. .. 1,064 10 4 j Works telephone-lines .. .. .. .. .. .. 174 3 6 ) Temporary electric-power lines .. .. .. .. .. 3,326 2 1 Temporary water-supply .. . . .. .. .. .. 621 18 2 Installation of major plant .. .. .. .. .. .. 1,484 1 3 J Construction plant and equipment .. .. .. .. .. 5,354 17 5 ! Office furniture and equipment .. .. .. .. .. 55 4 0 I Holiday and accident pay .. .. .. .. .. .. 252 14 7 j Interest during construction .. .. .. .. .. .. 7,782 18 5 | Charges and expenses of raising loans .. .. .. .. .. 2,842 0 0 182,070 9 2 j Sundry debtors .. .. .. .. .. .. .. 1,660 7 10 | Stocks of material, tools, &c. .. .. .. .. .. 7,933 18 7 i Profit and Loss Account —Accumulated loss to date .. .. .. 15,050 4 7 £206,715 0 2 £206,715 0 2 j •_

B.—l [PT. IY, Sup.]

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1927, compared with Year ended 31st March, 1926.

19

Gross Revenue Account. I j j i ! 1925-26. ; 1926-27. 1925-26. j —— ! 1926-27. I I . ! __l £ s. d. To Generating expenses, headworks, and power- £ s. d. £ s. d. £ s. d. By Sale of energy — £ s. d. £ s. d. house — 120,749 1 6 | Wholesale .. .. .. .. 147,794 6 6 2,894 4 5 Salaries .. .. .. .. 2,886 4 6 263 9 7 Retail .. .. .. .. 269 4 8 725 12 5 Wages .. .. .. .. 1,116 9 3 — 148,063 11 2 58 6 5 Supplies .. .. .. .. 104 5 3 121,012 11 1 580 1 0 | Transport of stores, &c... .. .. 422 10 7 — Maintenance and repairs — 1,354 0 0 j Harper diversion .. .. .. 2,488 16 5 j 0 3 10 Discounts forfeited 297 4 5 ; Headworks .. .. .. .. 267 6 10 205 16 8 | Power-housebuilding.. .. .. 582 8 11 515 15 3 I Power-house machinery .. .. 1,822 8 3 j Rents — 232 19 8 j Roads and fences .. .. .. 641 15 6 1,054 19 11 Land and buildings .. .. .. | 1,058 18 3 447 18 3 Staff residences, &c. .. .. .. 640 6 5 221 4 8 Electric lines .. .. .. 210 3 0 10,972 11 11 471 12 11 Electric plant .. .. .. 465 13 7 7,311 18 6 1,734 14 10 1,747 17 6 Transmission-lines — 555 0 0 Salaries .. .. .. .. 540 0 0 Transport, including upkeep of horses, 560 16 1 traps, cars, and cycles .. .. 567 6 2 Eees for testing and repairing electrical ap2.992 3 9 Repairs to power-lines .. .. 3,130 9 2 445 5 3 pliances .. .. .. .. .. 317 3 5 — 4,237 15 4 4,107 19 10 Substation, Addington — Stand-by provision : Fees from wholesale 1,258 6 8 Salaries .. .. .. .. 1,323 12 6 80 0 0 consumers .. 521 8 2 Wages .. .. .. .. 543 0 9 58 16 11 Supplies .. .. .. .. 121 12 4 Maintenance and repairs — 238 18 3 Buildings and yards .. .. 458 6 8 Interest from local bodies in respect of 227 11 1 Machinery .. .. 311 17 7 7 9 4 reticulations sold on deferred payment .. 7 9 4 — 2,758 9 10 61 6 11 Earnings, motor-vehicles .. .. 116 15 1 2,305 1 1 124 4 5 Distribution— 212 10 0 Salaries .. .. .. .. 212 10 0 Transport, including upkeep of motor99 8 4 vehicles .. .. .. .. 91 9 5 Maintenance of feeder cables, transformer 2,649 17 0 stations, and tools .. .. 3,138 11 9 2,553 17 7 Maintenance of secondary distribution .. 2,017 19 1 250 15 7 Maintenance of and testing meters .. 213 18 4 109 12 7 Earth-testing .. .. .. 97 15 2 " 5,772 3 9 5,876 1 1 19,601 0 6 Carried forward .. .. .. .. 23,741 0 10 123,354 13 11 Carried forward .. .. .. .. 150,239 13 10

B.—l [PT. IV, SUP.].

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY— continued. Profit and Loss Account for Year ended 31st March, 1927, compared with Year ended 31st March, 1926— continued.

20

Gross Revenue Account —continued. 1925-26. 1926-27. 1925-26. 1926-27. £ s. d. < £ s. d. £ s. d. £ s. d. £ s. d. 19,601 0 6 Brought forward .. .. .. 23,741 0 10 123,354 13 11 Brought forward .. .. .. 150,239 13 10 — — To Stand-by provision — Payment to Christchurch Tramway Board 1,350 0 0 for rental Payment to Christchurch Tramway Board 226 12 11 for energv supplied .. .. .. 1,483 9 5 ' — 1,483 9 5 1,576 12 11 Management and general expenses — 2,241 0 7 Salaries .. .. .. .. 2,522 11 2 267 6 11 ' Sick and holiday pay to workmen .. 301 12 4 103 11 10 Travelling-expenses .. .. .. 142 17 8 379 0 0 Office-rent .. .. .. .. 379 0 0 65 10 0 Bent of other buildings .. .. 65 10 0 132 16 3 Postages and telegrams .. .. 95 13 3 136 8 8 Telephone subscriptions .. .. 153 13 9 95 14 1 Printing and stationery .. .. 65 3 10 17 1 3 Advertising .. .. .. ,. 14 2 6 13 17 Accident pay .. .. .. 59 9 2 107 6 3 Fire insurance .. .. , . 125 3 0 139 13 4 Audit fees .. .. .. , . 163 2 6 208 14 8 Meter-reading and line-inspection .. 218 3 1 2 4 3 Commission on collection of accounts 328 10 9 Electrical testing .. .. .. 212 4 3 4 14 7 Miscellaneous trade expenses .. .. 9 13 6 909 18 4 Misappropriation by clerk ...... Duplication works opening ceremony .. 90 15 5 Bad debts suspense account .. .. 72 15 5 Proportion of salaries, rents, and expenses, Head Office and High Commissioner's 705 0 0 Staff .. .. .. .. 812 0 0 5,503 10 10 5,857 13 4 —— 30,728 1 1 27,035 6 9 96,319 7 2 Balance to Net Bevenue Account .. .. 119,511 12 9 £123,354 13 11 £150,239 13 10 £123,354 13 11 £150,239 13 10 Net Revenue Account. £ s. d. £ s. d. £ s. d. £ s. d. 19,350 0 0 To Depreciation at 2 per cent, per annum on completed work.. 28,167 17 2 96,319 7 2 By Balance from Gross Bevenue Account .. .. 119,511 12 9 50,323 12 5 Interest for year ended 31st March .. .. .. 65,093 10 4 26,645 14 9 Balance to Profit and Loss Appropriation Account .. 26,250 5 3 £96,319 7 2 £119,511 12 9 £96,319 7 2 £119,511 12 9

B. —1 [PT. IY, Sup.] .

ELECTRIC SUPPLY ACCOUNT—continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY—continued.

21

Profit and Loss Appropriation Account. 1925-26. I | 1926-27. | 1925-26. I 1926-27. | ! , I I i J! : . • ' t ' i ' £ s. d. £ s. d. £ s. d. £ s. d. 17,738 18 10 To Balance from previous year's statement .. .. .. 26,645 14 9 By Balance from Net Revenue Account .. .. .. 26,250 5 3 8,906 15 11 Sinking Fund Account .. .. .. .. 26,250 5 3 —— £26,645 14 9 : £26,250 5 3 £26,645 14 9 £26,250 5 3 Depreciation Reserve Account. ll ' I £ s. d. £ s. d. £ s. d. £ s. d. To Amounts written off — Motor-vehicles and tools .. .. .. .. 1,561 3 2 88,631 3 0 By Balance from previous year's statement.. .. .. Lll,528 8 0 111,526 8 0 Balance .. .. .. .. .. .. 142,594 2 0 3,545 5 0 Interest at 4 per cent, per annum .. .. .. 4,461 0 0 19,350 0 0 Amount set aside as per Net Revenue Account .. .. 28,167 17 2 £111,526 8 0 £144,155 5 2 £111,526 8 0 £144,155 5 2 Sinking Fund Account. £ s. d. £ s. d. £ s. d. £ a. d. 8,906 15 11 To Balance .. .. .. .. .. .. 35,442 19 5 8,906 15 11 By Balance at close of previous year .. .. .. 8,906 15 11 Amount set aside as per Profit and Loss Appropriation Account 26,250 5 3 Interest .. .. .. .. .. .. 285 18 3 £8,906 15 11 £35,442 19 5 £8,906 15 11 £35,442 19 5

B.—l [PT. IY, Sup.}.

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY— continued. Balance-sheet at 31st March, 1927.

22

I j ] j I [ 1925-26. I Liabilities. j 1926-27. | 1925-26. ] Assets. j 1926-27. I I " I I I ■ ' £ s. d. £ s. d. £ s. d. £ s. d. Works at Lake Coleridge — £ s. d. £ s. d. 111.526 8 0 Depreciation Reserve Account .. .. ! •• 142,594 2 0 4,601 19 2 Land, including fencing and planting .. 4,661 7 8 ' | 10,064 17 5 Coalgate Gorge Road .. .. .. 10,946 6 4 7,566 3 8 Service roads .. .. .. .. 7,56638 310 8 5 Service telephones .. .. .. 310 8 5 8,906 15 11 Sinking Fund .. .. .. •• •• 35,442 19 5 ■ — 23,484 6 1 1_. _ ; 22,543 8 8 Sundry creditors — 5,471 18 6 On open accounts .. .. •• 10,224 13 9 Headworks— 29,133 8 2 On contracts .. .. .. •• 2,717 0 7 First tunnel, including inlet and outlet 310 11 6 For current paid in advance .. •• 316 15 3 80,586 0 8 works .. .. .. .. 80,728 2 10 — — — 13,258 9 7 Second tunnel, including inlet and outlet 34 915 18 2 202,987 17 5 works .. .. .. .. 237,698 8 2 1 121,582 14 1 Pipe-lines .. .. .. .. 121,514 8 9 4,186 14 5 Tram-lines .. .. .. .. 3,970 7 10 Writings off in suspense .. .. •• •• 72 15 5 3,473 19 5 Weir at lake out-let, gauges, and fencing .. 3,473 19 5 \ 23,007 6 9 Harper River diversion works .. .. 23,007 6 9 | Balance carried to general balance-sheet — 470,392 13 9 1,464,931 0 8 | Total assets as per contra ■■ ■- 1,618,073 12 0 435,824 12 9 155,349 2 1 Less total liabilities as above .. 191,368 6 5 — Power-house — : 1,426,705 5 7 52,680 9 4 Buildings, &c. .. .. .. 53,522 12 5 1 309,581 18 7 i 129,451 9 9 Machinery, &c. .. .. .. 151,073 9 0 231 2 1 Office furniture, fittings, &c. ., .. 231 2 1 204,827 3 6 182,363 1 2 Accommodation for staff and workmen — 24,400 16 0 Buildings, fencing, &c. .. .. .. 24,062 18 5 j Transmission-lines — 4,983 14 4 Land .. .. .. .. 4,982 19 4 180,609 19 9 Power-lines to Christchurch .. .. 178,968 15 5 ! 97,196 11 8 Power-lines to South Canterbury.. .. 116,253 10 11 10,970 14 1 Power-lines, Timaru-Oamaru .. .. 42,617 11 0 2,480 7 8 Telephone-system .. .. .. 2,480 7 8 Linemen's cottages, depots, tools, and 3,244 17 3 equipment .. .. .. .. 3,244 17 3 6,588 .12 4 Alterations to public telegraph-lines .. 6,588 12 4 11,386 19 4 Point Switching Station.. .. .. 11,439 7 10 366,576 1 9 317,461 16 5 Addington Substation — 3,483 0 5 Land, including cottages .. .. 3,643 0 5 8,654 19 0 Substation buildings .. .. .. 8,835 6 10 61,399 14 3 Machinery, &c. .. .. .. 55,732 11 10 5,865 14 3 Store buildings and workshops .. .. 5,865 14 3 ! — — 74,076 13 4 79,403 7 11 1,464,931 0 8 Carried forward .. .. .. .. 1,618,073 12 0 1,061,997 2 11 Carried forward .. .. .. .. 1,163,419 16 10

23

B.—l [PT. IV, Sup.l .

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY— continued. Balance-sheet at 31st March, 1927— continued.

1925-26. Liabilities. 1926-27. 1925-26. Assets. 1926-27. I : £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 1,464,931 0 8 Brought forward .. .. .. 1,618,073 12 0 1,061,997 2 11 Brought forward .. .. .. 1,163,419 16 10 — Primary distribution — 7,021 16 1 Supply cables —Christchurch City .. 7,258 16 6 4,889 19 10 Christchurch Tramways .. 5,171 13 2 7,210 15 11 Lyttelton .. .. 7,624 4 2 20,720 19 11 Northern .. .. 26,161 4 9 13,096 2 0 Southern .. .. 14,016 14 0 4,064 7 7 Motukarara .. .. 4,064 7 7 6,190 13 0 Substations —Hororata .. .. .. 10,101 12 6 12,838 1 11 Ashburton .. .. 17,930 4 0 14,974 13 2 Timaru .. .. .. 25,599 17 5 Oamaru .. .. .. 2,623 8 9 622 9 9 Lightning-arresters .. .. .. 622 9 9 300 4 5 Tools and equipment .. .. ■ • 300 4 5 1,516 12 8 Alterations to public telegraph-lines .. 1,516 12 8 122,991 9 8 93,446 16 3 — Secondary distribution — 15,490 5 2 Supply cables and reticulation .. .. 15,502 10 6 i 26,675 3 2 Local substations .. .. 30,253 17 3 I 45,756 7 9 42,165 8 4 7,003 9 6 Service transformers and meters .. •• .. 6,000 11 5 j 9,460 18 4 Motor-cars, lorries, and cycles, &c. .. .. .. 8,475 1 2 108 5 4 Test room equipment .. .. ■ ■ • • 109 2 7 17,848 3 11 Loose tools, plant, and equipment .. .. .. 15,147 17 9 j 1,729 3 9 Public telephones to the lake .. ■■ .. 1,729 3 9 Telephones to Christchurch City Council and 173 19 1 Tramway Board and local offices.. .. .. 173 19 1 255 1 0 Christchurch office —Furniture and fittings .. .. 255 1 0 Engineering, office, and general expenses on 47,030 10 9 preliminary surveys and during construction .. 53,637 12 2 Salaries of Engineers and others on preliminary 35,152 17 11 surveys and during construction .. .. •• 38,437 8 4 | Cost of raising loans .. .. .. •• 21,396 0 0 j 50,580 14 4 Interest during construction .. .. •• 61,039 0 4 J 1,366,950 11 5 1,538,568 11 10 69,504 16 11 Stocks of material, &c., on hand at date .. -■ 33,222 16 9 Telephone subscriptions, fire insurance, &c., 162 13 6 paid in advance .. .. .. • • 88 18 7 j Sundry debtors — 28,312 18 10 For current, rent, work carried out, &c. .. .. 37,000 10 8 Sinking Fund — Investment and cash in hands of Treasury 9,055 7 5 Interest accrued .. .. .. 20 13 3 Interest due and unpaid .. .. 116 13 6 — 9,192 14 2 £1,464,931 0 8 £1,618,073 12 0 £1,464,931 0 8 £1,618,073 12 0 I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.- — G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, Sup.] .

ELECTRIC SUPPLY ACCOUNT—continued. WAIKATO ELECTRIC-POWER SUPPLY—HORAHORA SCHEME. Profit and Loss Account for Year ended 31st March, 1927, compared with Year ended 31st March, 1926.

24

Gross Revenue Account. 1925-26. 1926-27. 1925-26. 1926-27. £ s. d. To Generating expenses, headworks, and power- £ s. d. £ s. d. £ s. d. By Sales of electrical energy to wholesale con- £ s. d. £ s. d. house — 84,070 2 4 sumers .. .. .. .. 106,421 8 10 3,448 10 1 Salaries and wages .. .. .. 3,222 0 4 101 3 0 Less discounts and rebates .. .. 205 8 11 125 0 10 Supplies .. .. .. .. 84 5 8 — 108,215 19 11 130 9 10 Transport .. .. .. .. 50 1 1 83,968 19 4 Maintenance and repairs — 610 4 6 Headworks and buildings .. .. 547 12 5 1,047 0 4 Power-house machinery.. .. ■■ 1,280 4 7 149 5 8 Staff village .. .. .. .. 128 16 9 43 10 8 Hire of plant .. .. .. .. 6 7 6 5,313 0 10 790 12 4 Rent of lines .. .. .. .. 783 0 9 5,510 11 3 869 11 8 Miscellaneous rents .. .. .. 1,402 14 0 — 2 192 2 3 2,561 14 6 Power purchased in bulk .. .. .. 8,787 5 9 1,703 14 8 Operation and maintenance of main trans- Testing, oil - drying, and repairs for eon-mission-lines (50,000-volt) — 154 5 11 sumers .. .. .. .. 264 1 0 1,222 2 1 Horahora-Waikino .. .. .. 1,541 14 7 Pees for inspection of lines and testing of 368 7 5 Horahora-Hamilton .. .. .. 571 18 11 3 3 0 instruments, &c. .. .. .. 75 11 0 116 12 3 Mystery Creek-Te Awamutu .. .. 167 2 4 — Te Awamutu-Hangatiki.. .. .. 60 2 11 157 8 11 339 12 0 26 15 3 Wairongomai-Waihou .. .. .. 10 16 8 47 5 4 Horaho r a-A rap un i .. .. .. 107 15 8 31 11 6 Arapuni-Ngongotaha .. .. .. 131 17 11 Arapuni-Hamilton .. .. .. 48 5 2 971 7 6 Hamilton-Penrose .. .. .. 1,144 8 5 Penrose—Waitemata ...... 21 9 7 j 70 8 0 Kati kati—Waiki n o .. .. .. 328 3 0 j j — — 4,133 15 2 2,854 9 4 Operation and maintenance of main substations (50,000-volt) — 693 9 0 Waikino .. .. .. .. 632 7 4 451 10 10 Hamilton .. . . . . .. 470 13 0 293 11 6 Te Awamutu .. .. . . .. 361 2 0 Hangatiki . . .. .. . . 87 2 4 312 7 1 Waihou .. . . .. .. 309 9 3 19 9 11 Arapuni .. .. .. 27 9 1 38 17 0 Ngongotaha .. .. .. .. 272 12 6 28 0 3 Bombay .. . . .. .. 20 3 5 534 7 4 Penrose .. .. .. .. 943 2 3 Henderson .. . . .. .. 30 7 1 Takapuna . . .. .. .. 11 13 7 ] 3,166 1 10 2,371 12 11 13,298 8 0 Carried forward .. .. .. 21,400 3 7 85,830 2 11 Carried forward .. .. .. 108,747 14 2 ■ ' !

B.—l [PT. IV, SUP.!

ELECTRIC SUPPLY ACCOUNT—continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME—continued. Profit and Loss Account for Year ended 31st March, 1927, compared with Year ended 31st March, 1926—continued.

4—B. 1 [PT. IV, SUP.].

25

Gross Revenue Account —continued, I ! Hi I 1925-26. I 1926-27. |i 1925-26. 1926-27. I I | 1 I ; £ s. d. £ s. d. £ s. d. £ s. d. j j £ s. d. £ s. d. 13,298 8 0 Brought forward .. .. .. .. 21,400 3 7 85,830 2 11 Brought forward .. .. .. .. 108,747 14 2 \ ft ' I Operation and maintenance of distribution ' 16 19 5 substations (11,000 volt) .. .. .. 31 5 1 I Operation and maintenance of distribution lines (11,000 volt) — 199 1 7 Horahora-Hamilton-Frankton .. .. 468 11 10 i 4 5 7 Waikino-Waihi .. .. .. 4 17 3 ! 473 9 1 203 7 2 . . General supervision and management of trans- ] ,598 18 5 mission distribution systems .. .. .. I 1,855 4 1 Management and general — 2,162 9 1 j Salaries, wages, and audit fees .. .. 2,918 15 8 ; 177 5 8 i Accident insurance, sick and holiday pay .. 216 18 3 274 7 8 I Travelling-expenses and motor-cars .. 330 5 8 193 16 2 Postages, telegrams, and telephones .. 291 3 4 28 3 3 Fire insurance.. .. .. .. 55 16 8 219 5 6 Printing, stationery, and advertising .. 259 17 7 228 8 11 Office rent, cleaning, and lighting.. .. 278 2 0 Experimental testing and miscellaneous 86 0 2 expenses . . .. .. .. j 360 2 0 38 6 3 Fire damage, Hamilton office .. .. j : I 3,408 2 8 Carried forward .. .. J 4,711 1 2 23,760 1 10 85,830 2 11 Carried forward .. .. | .. 108,747 14 2

B.—l TPT. IY, SUP.] .

Profit and Loss Appropriation Account for Year ended 31st March, 1927, compared with Year ended 31st March, 1926.

ELECTRIC SUPPLY ACCOUNT—continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME—continued. Profit and Loss Account for Year ended 31st March, 1927, compared with Year ended 31st March, 1926—continued.

26

Gross Revenue Account —continued. 1925-26. 1926-27. 1925-26. ! j 1926-27. '1 i i I ! i £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 3,408 2 8 Brought forward .. .. .. 4,711 1 2 i 23,760 1 10 85,830 2 11 Brought forward .. .. .. 108,747 14 2 To Management and general —continued. 142 6 7 Testing, oil-drying, repairs, &c., for consumers 242 4 8 3 12 2 Bad debts .. .. .. 939 19 10 Losses on sales of old and surplus stocks .. 4,953 5 10 4,494 1 3 28,713 7 8 19,611 14 3 66,218 8 8 Balance to Net Revenue Account .. .. 80,034 6 6 ! ______ j £85,830 2 11 £108,747 14 2 £85,830 2 11 £108,747 14 2 Net Revenue Account. £ s. d. £ s. d. : £ s. d. £ s. d. To Interest on purchase-money for plant purchased from Waihi j 66,218 8 8 By Balance from Gross Revenue Account .. .. .. 80,034 6 6 31,269 6 0 Gold-mining Company, and on advances from Treasury .. 37,989 7 6 i 13,600 16 9 Depreciation on completed works (2 per cent.) and on stocks 16,481 7 0 jj 44,870 2 9 j 54,470 14 6 ! 21,348 5 11 ; Balance to Profit and Loss Appropriation Account .. 25,563 12 0 | £66,218 8 8 | £80,034 6 6 | £66,218 8 8 j £80,034 6 6

£ s. d. £ s. d. £ s. d. £ s. d. Sinking Fund contributions to date, as required by section 12 | 21,348 5 11 By Balance from Net Revenue Account .. .. .. I 25,563 12 0 11,342 0 0 | of the State Supply of Electrical Energy Act, 1917.. .. j 8,448 0 0 10,006 5 11 | Reserve Fund .. .. .. .. .. .. 17,115 12 0 £21,348 5 11 £25,563 12 0 £21,348 5 11 £25,563 12 0

B.—l [PT. IV, Sup.] .

ELECTRIC SUPPLY ACCOUNT—continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME— continued.

27

Depreciation Reserve Account. 1925-26. j J 1926-27. || 1925-26. | 1926-27. £ s. d. ! £ s. d. £ s. d. £ s. d. j To Cost of replacing — j 31,680 16 7 By Balance at close of previous year .. .. .. 46,443 18 4 Horahora-Waikino Line —six towers and telephone line .. j 1,059 0 2 1,267 5 0 Interest for year .. .. .. .. .. 1,857 15 0 j Horahora Station Oil-store floor .. .. .. .. ' 46 17 0 Adjustment of amount incorrectly written off in 1925-26 105 0 0 Amount written off for plant sold and replaced .. .. ; .. .. accounts .. .. .. .. .. .. 105 0 0 j 46,443 18 4 Balance .. .. .. .. .. .. 63,782 3 2 13,600 16 9 Amount set aside as per Net Revenue Account .. .. 16,481 7 0 ! £46,548 18 4 ; £64,888 0 4 £46,548 18 4 £64,888 0 4 Sinking Fund Account. £ s. d. £ s. d. | £ s. d. £ s. d. 28,938 11 3 To Balance .. .. .. .. .. .. 38,515 1 9 16,983 5 1 By Balance at close of previous year .. .. .. 28,938 11 3 Amount set aside as per Profit and Loss Appropriation 11,342 0 0 Account .. .. .. .. .. .. 8,448 0 0 613 6 2 Interest .. .. .. .. .. .. 1,128 10 6 j £28,938 11 3 £38,515 1 9 £28,938 11 3 £38,515 1 9 Reserve Fund Account. £ s. d. £ s. d. | £ s. d. j £ s. d. 30,553 18 0 To Balance .. .. .. .. .. .. 47,669 10 0 20,547 12 1 By Balance at close of previous year .. .. .. 30,553 18 0 Amount set aside as per Profit and Loss Appropriation i 10,006 5 11 Account .. .. .. .. .. .. 17,115 12 0 £30,553 18 0 £47,669 10 0 i £30,553 18 0 £47,669 10 0 i . 1 —

B.—l [PT. IV, SUP.J.

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME— continued. Balance-sheet at 31st March, 1927.

28

1925-26. , Liabilities. 1926-27. ! 1925-26. ! 1926-27. £ s. d. ! £ s. d. | £ s. d. £ s. d. Works, &c., at Horahora — £ a. d. £ s. d. Electric Supply Account — j! 2,168 5 9 Roads and bridges .. .. .. 2,168 5 9 674,682 16 2 j Balance carried to general balance-sheet .. 756,990 5 8 1,039 15 3 Land and fencing .. .. .. 1,039 15 3 4,614 9 9 Sundry creditors .. .. .. 7,048 16 9 1 i 11,461 1 0 Accommodation for staff and workmen .. 11,491 11 6 46,443 18 4 Depreciation reserve .. .. .. 63,782 3 2 1 174,518 18 8 Headworks .. .. .. .. 175,751 9 7 28,938 11 3 SinkingFund .. .. .. .. 38,515 1 9, 74,105 13 9 Generating-station .. .. .. 74,123 18 0 30,553 18 0 Reserve Fund .. .. .. .. 47,669 10 0 I 40,168 4 2 Transformer building and machinery .. 40,203 2 0 — 1 914,005 17 4 1,632 10 2 Tools and equipment .. .. .. 1,632 8 11 785,233 13 6 I 306,410 11 0 305,094 8 9 Transmission-lines (50,000 volt) — 38,460 1 3 Horahora —Waikino .. .. .. 38,460 1 3 10,657 15 7 ■ Waikino-Katikati .. .. .. 11,001 19 2 4,561 6 6 Wairongomai- Waihou .. .. .. 4,561 6 6 ! j | 138 19 2 Waihou — Hamilton .. .. .. 138 19 2 22,332 6 7 Horahora-Hamilton .. .. .. 22,332 6 7 7,803 2 6 Mystery Creek — Te Awamutu .. .. 7,803 2 6 j 11,962 9 9 Te Awamutu - Hangatiki .. .. 12,079 4 4 j 4,865 12 4 Horahora - Arapuni .. .. .. 4,875 8 7 I 18,931 6 1 Arapuni-Ngongotahn. .. .. .. 18,895 19 3 148 15 9 Arapuni-TeKuiti .. .. .. 148 15 9 Arapuni — Hamilton .. .. .. 34,765 7 2 99,354 7 1 Hamilton — Penrose .. .. .. 99,591 11 8 1 Penrose - Takapuna .. .. .. 44,979 11 0 1,479 3 1 . Linemen's cottages .. .. .. 1,495 6 7 ! 301,128 19 6 220,695 5 8 Main substations {50,000 volt) — 20,736 17 0 Waikino .. .. .. .. 21,094 10 3. 7,893 18 11 Hamilton .. .. .. .. 8,495 12 11 6,362 6 4 Te Awamutu .. .. .. .. j 6,691 0 4 8,448 15 10 Waihou .. .. .. .. | 9,35112 6 480 9 4 Hangatiki .. .. .. .. 5,317 19 11 2,289 10 2 Arapuni .. .. .. .. 2,318 3 3 3,684 8 1 Ngongotaha .. .. .. .. 3,627 13 7 2,656 5 6 Bombay .. .. .. .. 2,474 18 3 27,686 7 8 Penrose .. .. .. .. 29,903 3 2 Waitemata .. .. .. .. 6,156 145 Takapuna .. .. .. .. 5,368 11 10 100,800 0 5 80,238 18 10 785,233 13 6 Carried forward .. .. . j .. 914,005 17 4 606,028 13 3 Carried forward .. .. .. .. 708,339 10 11

29

B.—l JPT. IY, Sup.J.

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME— continued. Balance-sheet at 31st March, 1927— continued.

i 1925-26. Liabilities. j 1926-27. 1925-26. Assets. 1926-27. I ' | ! £ s. d. £ s. d. I £ s. d. £ s. d. £ r s. d. [ 785,233 13 6 Brought forward .. .. .. .. 914,005 17 4 606,028 13 3 Brought forward .. .. .. .. 708,339 10 11 j Distribution-lines (11,000 volt) — 33,162 10 5 Horahora-Frankton .. .. .. 33,162 10 5 j 704 11 11 Waihi Grand Junction Company line .. 704 11 11 6,000 0 0 W aikino-W aihi .. .. .. 6,000 0 0 3,076 14 9 Bombay-Pukekohe .. .. .. 3,323 19 7 | 43,191 1 11 42,943 17 1 7,353 8 5 Distribution substations (11,000 volt) .. .. 7,408 3 10 Hamilton Area — 3,976 3 9 Land at Ruakura .. .. .. 3,997 14 6 Stores buildings and fittings and railway7,648 15 1 siding, Ruakura .. .. .. 7,679 15 1 4,270 5 11 Staff residences, Ruakura .. .. 4,270 5 11 3,217 5 7 Loose tools and equipment .. •• 3,230 17 7 4,434 15 0 Motor lorries, cars, and cycles .. .. 4,434 15 0 739 17 1 Office furniture, Hamilton .. .. 892 1 9 227 9 6 Office accommodation .. .. .. 227 9 6 Engineering, office, and general expenses on 7,524 .17 2 surveys and on construction .. .. 7,524 17 2 Salaries of officers on surveys and on con14,036 18 2 struction .. .. .. .. 14,513 18 2 32,013 11 5 Interest during construction .. .. 32,013 11 5 Cost of raising loans .. .. .. 6,548 0 0 1 85,333 6 1 ! ! 78,089 18 8 j |j | Arapuni Area — ; 675 10 9 Electric lines and distribution .. .. .. 675 10 9 735,091 8 2 844,947 13 6 10,697 17 0 General stocks of material on hand .. .. .. 11,596 2 3 j Debtors — 21,838 8 7 For electricity and sales of material .. 27,394 19 10 9 8 6 For payments in advance ! 27,394 19 10 i 21,847 17 1 Sinking Fund — 17,391 5 1 Investment and cash in hands of Treasury.. 29,607 5 7 205 6 2 Interest accrued .. .. .. 69 3 11 Interest due and unpaid.. .. .. 390 12 3 j ; 30,067 1 9 17,596 11 3 | £785,233 13 6 j £914,005 17 4 jj£785,233 13 6 £914,005 17 4 Note. —The sum of £268,107 7s. 5d., representing various assets which form part of the permanent works of the Arapuni scheme but which are in the meantime operated in production of Horahora re\enue, is included in the above figures. In connection therewith, maintenance (£3,235 15s. 6d.), interest (£11,399 13s. 9d.), depreciation (£5,362), and sinking fund (£2,681) are charged against the Horahora scheme. I hereby certify that the balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. — G. P. C. Campbell, Controller and Auditor-General.

B.—l [PT. IY, Sup.] .

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.— ARAPUNI SCHEME. Balance-sheet at 31st March, 1927.

30

1925-26. Liabilities. j 1926-27. j 1925-26. Assets. 1926-27. I ; I | I £ s. d. £ s. d. £ s. d. Works, &c., at Arapuni — £ s. d. £ a. d. I 508,124 11 1 Electric Supply Account —Balance carried to general balance- j 1,109,825 13 6 151 5 2 Land and fencing .. .. .. 4,832 5 9 sheet i 27,029 16 0 Roads and bridges .. .. .. 26,549 4 8 | 44,895 3 10 Sundry creditors .. .. .. .. ..I 106,206 11 10 5,453 2 7 Houses .. .. .. .. 5,579 13 2 6,180 6 9 Offices and temporary buildings .. 6,168 10 10 I 43,129 14 5 38,814 10 6 Headworks — 16,678 13 3 Engineering and preliminary works .. 16,614 7 0 Dam and other headworks under Arm322,072 7 7 strong-Whitworth's contract .. 710,930 8 3 727,544 15 3 1 338,751 0 10 ! | 50,000- volt lines — 1,268 2 4 Waikino— Bombay .. .. 29,515 9 5 Ngongotaha-Opotiki .. .. 783 19 8 1,594 6 0 Penrose-Takapuna 30,299 9 1 2,862 8 4 110,000- volt lines — 4,999 10 11 Arapuni-Penrose (tower) .. .. 132,028 1 0 Tamaki deviation .. .. 521 16 5 27,531 13 6 Arapuni-Hamilton 132,549 17 5 32,531 4 5 I 50,000- volt substations — 1,196 4 9 Bombay .. .. .. 8,956 18 0 12 15 10 Takapuna .. .. .. 6,254 4 4 I 13 18 3 Henderson .. .. .. 3,821 12 10 10 3 Huntly .. .. .. .. 30 5 10 Kerepeehi .. .. .. 70 11 5 Mamaku .. .. .. 929 19 0 Te Teko .. .. .. 2 13 0 Opotiki .. .. .. 18 3 | 20,067 12 8 1,223 19 1 110,000- volt substations — 9 13 6 Penrose .. .. .. 39,524 14 11 5 16 9 Hamilton .. .. .. 438 5 11 39,963 0 10 15 10 3 553,019 14 11 Carried forward .. .. .. .. 1,216,032 5 4 414,198 13 5 Carried forward .. .. .. 993, 554 9 8

B.—l [PT. IY, SUP.] .

I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— G. F. C. Campbell, Controller and Auditor-General.

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.— ARAPUNI SCHEME— continued. Balance-sheet at 31st March, 1927— continued.

31

1925-26. Liabilities. ] 926-27. 1925-26. I Assets. 1926-27. j | j £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 553,019 14 11 ! Brought forward .. .. .. .. 1,216,032 5 4 414,198 13 5 Brought forward .. .. .. 993,554 9 8 Works, &c., at Arapuni —continued. 3,949 0 5 Motor-vehicles .. .. .. 4,088 3 11 7,470 2 2 Loose tools, plant, and equipment .. 6,758 3 11 Engineering, office, and general expenses on preliminary survey and during con15,696 7 5 struction .. .. .. .. 45,375 13 10 Supervision and office expenses on trans-mission-lines and substations during 8,404 2 2 construction .. .. .. 10,503 14 5 41,159 17 7 Interest during construction .. .. 87,985 19 1 Cost of raising loans .. .. .. 18,420 0 0 173,131 15 2 76,679 9 9 1,166,686 4 10 61,263 18 6 Stocks of material on hand .. .. .. 48,364 10 2 877 13 3 Sundry debtors .. .. .. .. 981 10 4 £553,019 14 11 £1,216,032 5 4 £553,019 14 11 £1,216,032 5 4 STotb. —The sum of £268,107 7s. 5d. representing various assets which form part of the permanent works of the Arapuni Scheme but which are in the meantime operated in production of revenue by the Horahora Scheme has been transferred to the accounts of the latter scheme. In connection therewith maintenance (£3,235 15s. 6d.), interest (11,399 13s. 9d.), depreciation (£5,362), and sinking fund (£2,681) are charged against the Horahora Scheme.

B.—l PT. IV, SUP.] .

ELECTRIC SUPPLY ACCOUNT—continued. MANGAHAO ELECTRIC-POWER SUPPLY. Profit and Loss Account for the Year ended 31st March, 1927, compared with Year ended 31st March, 1926.

32

Gross Revenue Account. I I 1925-26. 1926-27. ! 1925-26. j j 1926-27. 1 1 ! ■ \ • £ s d. j £ s. d. £ s. d. £ s. d. By Sale of energy — £ s. d. £ s. d. ' To Generating - expenses, headworks, and 74,783 18 2 Wholesale .. •• .. 118,665 15 5 ! power-house — Retail (staff cottages and construction 3,535 19 2 | Salaries, wages, and allowances .. 3,867 16 8 1,137 8 1 works) .. •• .. 4,505 7 8 190 1 2 . Maintenance headworks, dams, and ; pipe-lines .. .. .. 610 13 10 123,171 3 1 i Maintenance power-house building and 75,921 6 3 Less stand-by, &c. .. .. 22,553 12 11 909 0 1 I machinery .. .. .. 816 7 4 ' 100,617 10 2 Maintenance staff-village and roads, Rents — 1,136 8 7 transport and general .. .. 742 1 3 918 17 10 Cottages, &c. .. .. .. 1,266 4 6 1 6,036 19 1 6 9 9 Poles .. .. .. 8 13 0 5,771 9 0 ; 1,274 17 6 ; Transmission-lines, patrol maintenance, 925 7 7 | &c. — 2,142 5 9 i Mangaore-Khandallah .. .. 3,368 19 10 9 18 0 Tests and inspections .. .. .. 4 13 8 1,025 14 1 ; Mangaore-Wanganui .. .. 2,700 9 4 1,204 4 1 1 Bunnythorpe-Dannevirke .. .. 1,605 6 4 1,580 11 9 ; Woodville-Masterton .. .. 1,700 3 3 333 4 3 ■ Dannevirke-Napier .. .. 1,080 6 6 58 16 7 j Miscellaneous 11,000-volt lines .. 42 0 1 ; 10,497 5 4 6,344 16 6 Substations — Operating, maintenance, &c. — 2,001 6 0 Khandallah .. .. .. 1,941 2 0 28 0 2 Otaki .. .. .. .. 9 14 672 3 1 Bunnythorpe .. .. .. 431 16 4 431 7 3 Dannevirke .. .. .. 240 0 6 492 1 4 Waipukurau .. .. .. 248 10 2 424 1 9 Woodville .. .. .. 188 12 7 355 2 9 Mangamaire .. .. .. 187 6 1 463 16 8 Masterton .. .. .. 195 7 2 Wanganui .. .. .. 250 3 0 3,691 19 2 4,867 19 0 Management and general expenses — 2,397 1 0 Management and office salaries, &c. .. 2,744 4 2 Distribution salaries and expenses and 1,654 8 8 transport .. .. .. 1,9701410 195 12 6 Postages, telephones, &c. .. .. 275 0 1 4,247 2 2 Carried forward .. .. 4,989 19 1 20,226 3 7 76,856 11 10 Carried forward .. .. .. 101,897 1 4

8.~~ 1 TPT. IY. Sup.] .

ELECTRIC SUPPLY ACCOUNT—continued. MANGAHAO ELECTRIC-POWER SUPPLY—continued. Profit and Loss Account for the Year ended 31st March, 1927, compared with Year ended 31st March, 1926—continued.

s—B. 1 [PT. IV, Sup. ,

33

Gross Revenue Account—continued. 1925-1926. 1926-27. 1925-26. 1926-27. - I - . - £ s. d. ( £ s. d. £ s. d. £ s. d. £ a. d. £ s. d. 4,247 2 2 j Brought forward .. .. ! 4,989 19 1 20,226 3 7 ; 76,856 11 10 Brought forward .. .. .. 101,897 1 4 ! To Management and general —continued. j 107 8 9 j Printing, stationery, and advertising.. ! 116 7 6 Motor-oars and general travelling- j 279 8 11 I expenses .. .. .. 487 13 7 205 13 11 | Accident, sick, and holiday pay .. 453 18 9 Fire insurance .. .. .. 12 4 2 | Audit fees .. .. .. 133 16 1 Legal expenses .. .. .. 20 4 2 41 8 4 ! Miscellaneous expenses .. .. 480 11 9 j : 1 6,694 15 1 I 4,881 2 1 i ; ! 26,920 18 8 21,865 6 7 54,991 5 3 Balance to Net Revenue Account .. .. 74,976 2 8 _ 1 : £76,856 11 10 £101,897 1 4 £76,856 11 10 ! £101,897 1 4 : ===== J j ! Net Revenue Account. £ s. d. £ s. d. ji £ s. d. £ s. d. To Depreciation at 2 per cent, per annum on completed works 54,991 5 3 By Balance from Gross Revenue Account.. .. .. ! 74,976 2 8 i 30,056 0 0; at 31st March, 1927 .. .. .. .. 32,997 0 0 67,290 12 9 Loss for year .. .. .. .. .. 56,902 9 4| 92,225 18 0 | Interest for year ended 31st March, 1927 .. .. 98,881 12 0 — 1 1 j £122,281 18 0 j £131,878 12 0 £122,281 18 0 ' i £131,878 12 0 Profit and Loss Appropriation Account. £ s. d. £ s. d. £ s. d. | j £ s. d. To Balance from previous year .. .. .. .. 67,290 12 9 .. By Balance .. .. .. .. .. .. 124,193 2 1 ; Balance from Net Revenue Account .. .. .. 56,902 9 4 J | I £124,193 2 1.. | £124,193 2 1 ! ==============

B.—l [PT. TV, Sup.] .

Balance-sheet as at 31st March, 1927.

ELECTRIC SUPPLY ACCOUNT—continued. MANGAHAO ELECTRIC-POWER SUPPLY—continued. Balance-sheet as at 31st March, 1927.

34

Depreciation Reserve Account. 1925-26. 1926-27. 1925-26. ; 1926-27. £ s. d. £ s. d. £ s. d. | £ s. d. 30,056 0 0 To Balance .. .. .. .. .. .. 64,255 5 0 j 30,056 0 0 j By Balance at close of previous year .. .. .. 30,056 0 0 '• Interest at 4 per cent, per annum .. .. .. 1,202 5 0 Amount set aside as per Net Revenue Account.. .. 32,997 0 0 £30,056 0 0 | £64.255 5 0 £30,056 0 0 J £64,255 5 0

1925-26. Liabilities. j 1926-27. j 1925-26. Assets. 1 1926-27. £ s. d. £ s. d. ! £ s. d. J' £ s. d. Headworks — £ s. d. £ s. d. 30,056 0 0 I Depreciation Reserve .. .. .. .. ! 64,255 5 0 j; 9,961 15 2 Land, headworks, &c. .. .. 9,993 18 11 15,208 1 1 1 Sundry creditors .. .. .. i .. 28,023 17 3 ! : 69,077 1 9 Roads, tram-lines, &c. .. .. 70,017 19 6 Charges paid in advance by consumers and I 10,344 14 2 Local electric line .. .. .. 11,230 16 3 82 2 3 others .. .. .. .. .. .. 277,509 19 1 Dams 1, 2, and 3 .. .. .. 379,512 16 6 Balance carried to General Balance-sheet — 149,071 11 7 Tunnels 1 and 2 .. .. .. 150,058 1 4 2,179,198 16 11 Total assets as per contra .. .. 2,449,457 9 7 108,339 5 11 Pipe-line, &c. .. .. .. 108,469 13 2 45,346 3 4 Less total liabilities as above .. 92,279 2 3 14,611 16 7 Surge-chamber .. .. .. 14,882 5 2 j 2,357,178 7 4 I : 744,165 10 10 2,133,852 13 7 1 li 638,916 4 3 Power-house — 64,510 16 2 Buildings, &c. .. .. .. 63,347 4 6 207,213 19 0 Machinery, &c. .. .. .. 204,496 12 2\ 5,591 6 5 Tail-race .. .. .. .. 8,690 17 9 2,441 5 6 Village water-supply.. .. .. 2,440 0 6 ~ 278,974 14 11 279,757 7 1 Accommodation for staff —Buildings, fences, 15,913 6 1 &c. .. .. .. .. .. 15,936 6 0 Transmission-lines (110,000-volt) — 8,159 4 1 Lands, lines, and substations .. .. 8,523 17 8 145,466 2 3 Shannon-Khandallah .. .. 142,423 17 5 95,054 19 0 Shannon-Wanganui .. .. .. 96,724 16 1 45,772 16 7 Bunnythorpe-Dannevirke .. 45,161 6 10 j 67,819 15 7 Woodville-Masterton .. .. 68,086 10 0 ! 72,315 11 2 Dannevirke-Napier .. .. .. 76,577 12 6 : i ! 437,498 0 6 434,588 8 8 12,179,198 16 11 Carried forward .. .. .. 2,449,457 9 7 1,369,175 6 1 Carried forward .. .. 1,476,574 12 3

B.—l [PT. IY, Sup.] .

I hereby certify that the Profit and Loss Account and Balance-sheet of the above-named electric-powerjscheme has been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— G. F. Q. Campbell, Controller and Auditor-General.

ELECTRIC SUPPLY ACCOUNT— continued. MANGAHAO ELECTRIC-POWER SUPPLY— continued. Balance-sheet as at 31st March, 1927— continued.

35

1925-26. j Liabilities. 1926-27. j 1925-26. Assets. 1926-27. £ s. d. I . £ s. d. £ s. <i. £ s. rl. £ s d. £ s. d. 2,179,198 16 11 | Brought forward .. .. | .. 2,449,457 9 7 j 1,369,175 6 1 Brought forward .. 1,476, 574 12 3 j Transmission-lines (11,000-volt) — I 3,004 5 2 Mangaore-Shannon .. .. .. 3,004 10 11 ! ! 8,811 18 2 Khandallah-Petone .. .. .. 7,344 12 11 10,349 3 10 11,816 3 4 Substations — 71,303 17 3 Khandallah .. .. .. 73,473 11 4 1,66114 11 Otaki .. .. .. 1,666 12 8 26,327 14 9 Bunnythorpe .. .. 31,082 11 7 16,922 18 5 Wanganui .. .. .. .. 20,762 16 2 9,991 2 9 Dannevirke .. .. .. 13,520 12 2 18,075 14 8 Waipukurau .. .. .. 21,445 8 0 ' 15,006 6 6 Napier .. .. .. .. 25,052 7 4 7,567 16 2 Woodville .. .. .. .. 12,159 17 10 14,055 13 5 Mangamaire .. .. .. 17,745 15 5 12,157 12 11 Masterton .. .. .. .. 12,790 7 4 ! 229,699 19 10 193,070 11 9 3,982 13 10 Motor-cars, lorries, &c... .. .. .. 4,602 13 3 810 19 6 Office furniture .. .. .. . . 961 10 10 13,366 10 10 Service buildings .. .. .. .. 14,641 4 7 Salaries and expenses, &c., of engineers and others on preliminary surveys and during 100,611 7 4 construction .. .. .. .. 117,515 11 9 75,668 0 0 Construction-tools, plant, and equipment, &c. .. 75,806 18 6 57,392 11 2 Housing workmen, &c... .. .. .. 60,059 3 7 | 196,420 13 2 Interest during construction .. .. j .. 217,068 13 2 Cost of raising loans .. .. .. .. 35,591 0 0 12,022,314 17 0 j ! 2,242, 870 11 7 j Stocks on hand, 31st March, 1926 (including j | 53,973 15 1 10 per cent, to cover administration, &c.) 45,597 3 7 6,937 5 5 Stocks issued but not used .. .. 15,714 4 2 61,311 7 9 ; 60,911 0 6 28,602 18 5 Sundry debtors for current, rents, &c. .. .. 21,029 5 0 ! 79 8 3 Telephone subscriptions, &c., paid in advance .. 53 3 2 67,290 12 9 Net loss .. .. .. .. .. 124,193 2 1 ! £2,179,198 16 11 i l£2,449,457 9 7 £2,179,198 16 11 j £2,449.457 9 7 I i ! I" I

B, —1 [PT. IY, Sup.] .

EXTERNAL AFFAIRS DEPARTMENT. Income and Expenditure Account fob the Yeab ended 31st March:, 1927. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 2,538 10 8 By Balance carried down .. .. .. 24,513 16 4 Advertising .. . . .. .. 24 16 10 Expenses of upkeep Apia Observatory .. 2,032 5 2 Expenses of Samoan chief at Rotorua Sanatorium .. .. .. .. 13 1 0 Expenses of New Zealand delegate and Private Secretar}' attending Conference, League of Nations .. .. .. .. 2,874 18 6 Freight .. .. . • . . . . 2 18 9 Fuel, light, water, &c. .. . . . . 49 0 0 Grants — Bureau of Tropical Diseases .. .. 100 0 0 Samoan Administration, for educational, medical, and wireless services .. .. 8,000 0 0 League of Nations . . .. .. 7,773 0 6 Office fittings (repairs, &c.) . . . . 8 3 4 Postages, &c. . . .. . . .. 313 19 2 Printing and stationery .. . . . . 359 9 5 Telephones, &c. .. . . . . . . 33 16 8 Travelling allowances and expenses .. .. 78 7 9 Sundry expenses .. .. .. .. 20 19 9 Rent .. .. .. .. .. 80 0 0 Depreciation .. .. .. .. 210 8 10 £24,513 16 4 £24,513 16 4 £ s. d. £ s. d. To Balance brought down .. .. .. 24,513 16 4 By Excess of expenditure over income .. .. 24,662 12 5 Interest on capital .. .. .. 148 16 1 £24,662 12 5 £24,662 12 5 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, 1926. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 3,306 15 9 S.s. " Lady Roberts .. .. .. .. 2,650 16 0 Sundry creditors .. .. .. .. 64 211 £ s. d. Depreciation Reserve .. .. .. 643 14 6 Office fittings .. .. .. 355 19 9 Treasury Adjustment Account .. .. 28,220 0 5 Additions .. .. .. , 21 1 4 377 1 1 Photographic film .. .. .. .. 300 0 0 Official stamps . . . . . . . . 17 5 0 Sundry debtors . . . . . . . . 100 12 1 New motor-vessel (progress-payment) .. .. 4,126 7 0 Excess of expenditure over income .. .. 24,662 12 5 £32,234 13 7 £32,234 13 7 21st June, 1927. S. J. Smith, Acting-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 notes. —G. F. C. Campbell, Controller and AuditorGeneral.

36

B.—l F r. IY, Sup.] .

GOVERNMENT FIRE INSURANCE FUND. (Established under Section 133, Public Revenues Act, 1926.) Revenue Account for the Year ended 31st March, 1927. Dr. £ 3. d. Gr. £ s, d. To Accumulated Funds as at Ist April, 1926 .. 37,560 210 By Claims paid— Contributions — Mental Hospitals Department—Porirua .. 90 13 8 Section 133 (1), Public Revenues Act, 1926.. 10,000 0 0 Defence Department—Trentham Camp .. 70 0 0 Education Department . . .. .. 10,000 0 0 Police Department—Hikurangi Police-station 5 0 0 Public Trust Office—lnterest at 4J per cent, on Post and Telegraph Departbalance at credit .. .. .. 2,323 5 7 ment— £' s. d. Raurimu ... .. .. 78 0 11 Wallsend . . .. 375 2 6 453 3 5 Education Department—Schools— Chatham Islands .. . . 2 0 0 Clinton .. .. .. 50 0 0 Clyde Quay .. .. 8 8 0 Horoere Native .. .. 2 0 0 Limestone Plains .. .. 500 0 0 Matau .. .. .. 300 0 0 Mataura .. .. .. 11l 13 7 Maxwell .. .. .. 994 10 0 Ohoka .. .. . . 800 0 0 Pirinoa . . .. .. 413 0 0 Pukekohe Technical .. 200 0 0 Purangi .. .. . . 24 6 11 Roseneath .. .. 2,570 0 0 Scarborough .. .. 30 10 0 Spreydon .. 1,000 0 0 Teßoto .. .. .. 514 16 0 Toko Residence .. .. 976 16 8 Waikari . . .. .. 942 0 0 Whangamomona School and residence .. .. 900 0 0 10,340 1 2 Less overclaimed, Woodbank School .. .. .. 2 15 0 10,337 6 2 Claims due but not paid, 31st March, 1927 .. .. 6,184 7 1 Less claims due but not paid, 31st March, 1926 .. .. 3,969 12 6 2,214 14 7 Accumulated Fund as at 31st March, 1927 .. 46,712 10 7 £59,883 8 5 ! £59,883 8 5 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. { Assets. £ s. d. Accumulated Fund as at 31st March, 1927 .. 46,712 10 7 ' Amount invested in the Common Fund of the Claims due but not paid .. .. .. 6,184 7 1 Public Trust Office (earning interest at 4f per cent.) .. .. .. .. 52,896 17 8 £52,896 17 8 £52,896 17 8 Bth June, 1927. A. D. Park, F.1.A.N.Z., Accountant to the Treasi ry. 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.

37

B.—l [PT. IV, SUP.] .

GOVERNMENT LIFE INSURANCE DEPARTMENT. Revenue Account of the Government Life Insurance Department foe the Year ended 31st December, 1926. £ s. d. £ g . a. Amount of Funds at Ist January, 1926 6,731,117 18 10 Death claims under assurance policies, Renewal premiums — Assurance, An- including bonus additions .. 179,659 11 0 nuity, and Endowment .. .. 501,205 10 9 Endowment Assurances matured, inNew premiums (including instalments eluding bonus additions .. .. 230,322 11 6 of first-year's premiums falling due Endowments matured .. .. 6,944 14 0 in the year) .. .. .. 59,813 3 4 Premiums returned on endowments .. 328 12 4 Single premiums—Assurance and En- Bonuses surrendered for cash .. 3,813 12 5 dowment .. .. .. 5,420 16 6 Annuities .. .. .. 22,566 14 10 Consideration for Annuities .. 13,683 9 0 Surrenders .. .. .. 37,550 11 0 £ s. d. Loans released by surrender .. 61,985 18 2 Interest and Rent .. 387,804 19 7 " £ s. d. Less land and in- Commission, new* .. 38,204 410 come tax, „ renewal 3,817 3 10 £11,964 Bs. Id. ; — 42,021 8 8 property expenses, Contribution to Public Service Super - £4,066 9s. Id. .. 16,030 17 2 annuation Fund .. .. 713 19 8 371,774 2 5 Expenses of management— Salaries. £s. d. Head Office .. 22,908 6 6 Branch offices and agents .. 11,126 19 9 Extra clerical assistance .. .. 2,317 8 11 Medical fees and expenses .. .. 5,143 5 6 Travelling-expenses 1,224 0 3 Advertising .. 127 10 9 | Printing and stationery .. .. 2,273 12 4 Rent .. .. 5,545 4 0 Postage and telegrams 1,565 9 0 | Exchange .. 46 8 2 General expenses .. 3,338 15 1 Services rendered by Government Actuary .. .. 1,906 10 10 57,523 11 1 Transfer to Investment Fluctuation Reserve Account .. .. 10,000 0 0 Amount of funds, 31st December, 1926 7,029,583 16 2 £7,683,015 0 10 £7,683,015 0 10 I ■ — I * Including agents' allowances Balance-sheet of the Government Life Insurance Department on 31st December, 1926. Liabilities. Assets. £ s. d. | £ s. d. Total Assurance, Annuity, and En- | Loans on policies .. .. .. 944,433 17 0 dowment Funds (as per Revenue J New Zealand Government securities .. 2,231,680 0 0 Vcoount) .. .. .. 7,029,583 16 2 ! Municipal Corporation debentures .. 209,530 12 3 Claims admitted, proofs not yet com- I County securities .. .. .. 104,379 13 4 pleted .. .. .. 36,678 8 7 | Harbour Board debentures.. .. 30,700 0 0 Annuities .. .. .. 743 17 0 j Town Board debentures .. .. 32,294 17 2 Commission .. .. .. 1,484 7 2 i Road Board debentures .. .. 21,800 0 0 Medical fees .. .. .. 492 9 0 j Drainage Board debentures .. 1,873 11 4 Premium and other deposits .. 11,133 10 | Power Board debentures .. .. 784,652 4 0 Sundry creditors .. .. .. 4,900 1 9 ; Landed and house property .. 130,750 12 2 Accident and Fidelity Fund .. 2,510 0 0 | Landed and house property (leasehold) 1,505 15 3 Investment Fluctuation Reserve .. 206,098 13 7 j Mortgages on property .. .. 2,576,714 11 8 Sinking Funds on Local Body Loans 1,398 3 2 i Properties acquired by foreclosure .. 13-, 266 7 1 Overdue premiums on £ s. d. policies in force .. 8,563 810 Outstanding premiums due but not overdue 48,198 19 9 • 56,762 8 7 Overdue interest .. 5,357 10 11 Outstanding interest due but not overdue 8,404 0 7 Interest accrued but not due .. .. 96,089 11 5 109,851 2 11 Agents'balances .. .. ~ 5,462 16 6 Sundry debtors .. .. .. 2,601 4 ] Cash in hand and on current account 36,763 4 1 £7,295,022 17 5 : £7,295,022 17 5 A. E. Allison, Commissioner. H. Rose, Secretary. Government Life Insurance Department, 6th May, 1927. 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.

38

B.—l LPt. IV, SUP. j.

GOVERNMENT STORES MARINE INSURANCE FUND. (Established under Section 134 of the Public Revenues Act, 1926.) Revenue Account for the Year ended 31st March, 1927. Insurable Pr9mium Dr. Imports. (ss-Per Cent.). C r. £ 8. d. To Premiums paid to Departments— £ £s. d. By Excess of claims over income, 31st March, 1926 2,528 13 0 Agriculture .. .. .. 3,132 7 16 7 Claims paid to Departments— £ s. d. Customs .. ~ .. 227 Oil 4 Education .. . . . . 10 19 6 Defence .. .. .. 88,235 220 11 10 Health .. .. .. 61 2 2 Education .. .. .. 10,469 26 3 6 Mental Hospitals .. .. 32 10 0 Health .. .. .. 12 ,971 32 8 4 Mines .. .. .. 13 16 0 Industries and Commerce . . 42 0 2 1 Naval Defence .. . . 141 1 2 Internal Affairs .. .. 7,776 19 6 9 Post and Telegraph .. .. 1,821 19 6 Lands and Survey .. .. 542 1 7 0 Printing and Stationer}' .. 2,104 9 0 Lands and Survey (Land . r in- Public Works . . .. 976 11 9 age Branch) .. .. 7,605 19 0 3 Railways .. .. .. 3,185 18 5 Marine .. .. .. 947 2 7 5 8,348 7 6 Mental Hospitals .. .. 14,314 35 16 3 Mines '.. .. .. 3,653 9 0 1 1 Naval Defence .. .. 163,508 408 15 0 J Police .. .. .. 1,875 4 13 9 Post and Telegraph .. .. 244,339 610 17 1 Printing and Stationery .. 73,537 183 16 11 Public Works .. .. 312,112 779 14 11 i Railways .. .. .. 830,456 2,076 210 Tourist and Health Resorts .. 806 2 0 3 1,776,546 4,440 12 2 Premiums due but not paid .. .. 0 2 10 Public Trust Office —Interest at Common Fund rate on balance at credit .. .. .. .. 59 8 2 Treasury—Contributions in terms of section 134 (7), Public Revenues Act, 1926 .. .. .. .. 2,562 11 4 Claims due but not paid, 31st £ s. d. March, 1926 .. .. .. 4,023 13 6 Less claims due but not paid, 31st March, 1927 .. .. .. 965 15 0 3,057 18 6 Excess of claims over income .. .. 756 8 0 £10,877 1 0 £10,877 1 0 Balance-sheet as at 31st Mabch, 1927. Liabilities. £ s. d. I Assets. £ s. d. Claims due but not paid .. .. .. .. 965 15 0 Amount invested in the Common Fund of the Public Trust Office (earning interest at 4f per cent.) .. 209 2 10 ! Sundry debtors .. .. .. .. ..042 Excess of claims over income .. .. .. 756 8 0 I £965 15 0 I £965 15 0 __ | _ Notes. —(1) Premiums are paid in arrear, and amounts due for the period Ist January to 31st March, 1927, have not been included. (2) Included in the amounts under the heading " Insurable value of imports" are the undermentioned exports: Industries and Commerce, £42 ; Marine, £5 ; Naval Defence, £27,976. 21st September, 1927. A. D. Park, F.1.A.N.Z., 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, subject to the above departmental notes. —Gr. P. 0. Campbell, Controller and Auditor-General.

39

B. — 1 [PT. IV, Sup.

GREYMOUTH HARBOUR BOARD : SPECIAL COAL RATE. Crown's proportion of special coal rate collected by the Greymouth Harbour Board under Section 12, Greymouth Harbour Board Act, 1884. Income and Expenditure Account fob the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Interest at 5 per cent, on capital liability .. 7,081 19 0 By Coal rate received .. .. .. 1,426 1 0 Amount collectible outstanding .. .. 512 7 0 Balance .. .. .. .. 5,143 11 0 £7,081 19 0 £7,081 19 0 £ s. d. £ s. d. To Balance at 31st March, 1926 .. .. 172,219 011 By Balance .. .. .. .. 177,362 11 11 Balance brought down .. .. .. 5,143 11 0 £177,362 11 11 £177,362 11 11 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital liability .. .. .. .. 141,639 1 0 Amount collectible outstanding .. .. 512 7 0 Interest due and unpaid .. .. .. 177,874 18 11 Treasury Adjustment Account .. '.. 141,639 1 0 Balance of income and expenditure .. .. 177,362 11 11 £319,513 19 11 £319,513 19 11 31st August, 1927. A. D. Park, F.1.A.N.Z., 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. HAURAKI PLAINS SETTLEMENT ACCOUNT. Receipts and Payments Account eor the Year ended 31st March, 1927. Receipts. £ s. d. Payments. £ s. d. To Cash in Public Account, Ist April, 1926 33,505 17 0 : By Drainage-works, stop-banks, clearing Public Revenues Act, 1926, section 40— channels, and other expenditure Temporary transfers from other ac- incidental to conducting drainage counts . . .. . . 10,000 0 0 operations (including metalling and Sales of land .. .. . . 2,294 12 0 | formation of roads), material, supRents .. .. .. .. 10,227 4 2 j plies, &c. .. .. .. 33,043 211 Interest on sales of land .. .. 106 8 6 Machinery and plant . . .. 682 16 6 Artesian-well boring— £ s. d. Loose tools .. .. . . 50 4 11 Repayment of advances 178 18 7 Material and stores .. .. 3,116 8 5 Interest . . 53 11 10 Fuel .. .. .. .. 5,542 4 6 232 10 5 Compensation for land acquired in conRates .. .. .. .. 5,208 11 10 nection with drainage-works .. 147 2 0 Tram-freights .. .. .. 676 14 11 Maintenance of completed works .. 6,669 10 6 Law-costs .. .. .. 510 6 Management and engineering expenses 2,332 10 0 Miscellaneous .. .. .. 1,728 0 9 Recoupment of rates to Consolidated Fund .. .. .. .. 4 0 5 Interest paid on temporary transfers from other accounts .. .. 38 7 1 Cash in Public Account, 31st March, 1927 .. .. .. .. 12,359 210 £63,985 10 1 £63,985 10 1 Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Interest on loans under Local Bodies' By Rents .. .. .. .. 11,235 1 1 Loans Act, 1908 .. .. 1,240 0 0 Rates .. .. .. .. 7,880 15 0 Interest on debentures issued under Miscellaneous .. .. . . 653 5 5 Hauraki Plains Amendment Act, Interest on sales, &c. .. .. 298 16 6 1913 .. .. .. .. 28,120 18 4 Net loss carried down .. .. 18,560 810 Interest on expenditure from Public Works Fund .. .. . . 202 16 0 Maintenance of completed works .. 7,736 4 4 Rebate of rent .. .. .. 605 1 0 Rebate of rates .. , . .. 68 4 4 Remissions of rent .. . . 305 2 0 Irrecoverable rates .. .. 120 17 2 Writings off Suspense . . .. 229 3 8 £38,628 6 10 £38,628 6 10 £ s. d. £ s. d. To Net loss bought down .. .. 18,560 810 By Adjustments on account of previous Balance from previous year .. 35,689 9 3 years interest overcharged on loans Adjustment on account of previous under Local Bodies' Loans Act, 1908 8,301 14 2 years interest short-charged on ex- Miscellaneous .. .. .. 48 10 8 penditure from Public Works Fund 1,368 18 0 Balance .. .. .. .. 47,268 11 3 £55,618 16 1 | £55,618 16 1

40

B.—l [PT. IY, SUP.] .

HAURAKI PLAINS SETTLEMENT ACCOUNT—continued. Balance-sheet as at 31st March, 1927. Liabilities. Assets. Capital Account — Improved land— Debentures issued — Handed over to Land Board for settle- £ s. d. Local Bodies' Loans £ s. d. £ s. d. ment .. .. .. .. 329,260 6 5 Act, 1908 .. 31,000 0 0 Less— £ s. d. State-guaranteed Ad- Sales .. .. 77,852 12 5 vances Act, 1909.. 95,000 0 0 Reductions by revaluHauraki Plains ation Board .. 44,020 0 0 Amendment Act, 121,872 12 5 1913 .. .. 574,000 0 0 207,387 14 0 700,000 0 0 Unpaid purchase price of land sold on Temporary transfers deferred payment .. .. .. 1,925 10 0 from other accounts Unimproved lands not yet disposed of .. 44,375 5 1 —Section 40, Public Improvements on adjoining Crown lands 7,710 0 0 Revenues Act, 1926 10,000 0 0 Permanent reserves .. .. .. 8,851 0 0 Expenditure from Public Works in progress—Expenditure on land Works Fund .. 5,070 0 0 in process of reclamation, including Value of Crown lands formation and metalling of roads .. 388,662 9 3 set apart under the Artesian wells— £ s. d. Act .. .. 45,000 0 0 Crown tenants, Hauraki 760,070 0 0 Plains .. .. 1,281 7 11 Consolidated Fund — Permanent reserves and Interest on debentures Crown lands .. .. 216 10 9 under Local Bodies' 1,497 18 8 Loans Act, 1908 .. 22,083 6 8 Buildings .. .. .. .. 6,854 19 6 Interest on debentures Wharves .. .. .. .. 5,31800 under Hauraki Plains Machinery and plant .. .. .. 61,11319 2 Amendment Act,1913 76,239 19 4 Live-stock .. .. .. .. 262 2 0 Interest on expenditure Loose tools .. .. .. .. 431 19 6 out of Public Works Stores and fuel .. .. .. 8,088 17 8 Fund .. .. 3,853 4 0 Sundry debtors for— £ s. d. Rates unpaid, 1917-21 68 11 6 Rents .. .. 4,222 14 1 102,245 1 6 Instalments on principal Interest on debentures, due and unpaid.. 178 15 4 on deferred-payment Interest on debentures, accrued but not sales ~ .. 82 18 1 due .. .. .. .. 5,459 13 11 Interest on deferredSundry creditors .. .. .. 4,876 18 7 payment sales .. 69 15 3 Rates, &c., paid in advance .. .. 14 1 Interest on well-boring.. 118 12 3 Rents charged in advance .. .. 2,725 0 0 Tram freights .. 317 9 7 Suspense Account .. .. .. 14 5 0 Rates .. .. 8,648 7 7 Writings-off in Suspense .. .. 292 18 0 Miscellaneous.. .. 3,726 4 10 Reserve Account .. .. .. 5,850 17 4 — 17,186 1 8 Postponed rent .. .. 406 16 6 Writings-off in Suspense .. .. 292 18 0 Revaluation Board determinations— Reduction in value of £ s. d. lands .. .. 44,020 0 0 Rents written off .. 5,940 17 7 Remissions of rent .. 5,761 18 10 55,722 16 5 Interest accrued but not due on sales of land .. .. .. .. 44 0 0 Investments in Public Debt Repayment Account .. .. .. .. 5,850 17 4 Revenue Account—Balance .. .. 47,268 11 3 Cash in hands of Post Office .. .. 103 14 II Cash in Public Account .. .. 12,359 2 10 £881,714 13 9 £881,714 13 9 J. 13. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. 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. The following comments are appended : (a) The portion of the Revenue Account dealt with by the District Land Office, Auckland, has been accepted from Departmental statements pending the examination by the Audit Inspector. (b) In the opinion of the Audit Office interest charged on works in progress should be capitalized, (c) A Bad Debts Reserve should be created. (d) Suggestions in reference to the treatment of expenditure on lands already handed over for settlement have been made to the Department.—J. H. Fowled, Deputy Controller and AuditorGeneral.

6—B. 1 [PT. IV, SUP.] .

41

B.—l [PT. IV, SUP.] .

DEPARTMENT OF HEALTH. General Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. To Stores (general) on hand at Ist April, 1926 .. 1,053 8 8 By Income and Expenditure Accounts — Income and Expenditure Accounts—Net Net profit— £ s. d. cost— Sera . . .. .. 799 18 0 Bacteriological Laboratory service .. .. 6,609 10 1 Contributions by local bodies toDepartmental institutions— wards health inspection services 14,184 6 2 St. Helens Maternity Hospitals— £ s. d. Registration and other fees — Auckland .. .. .. 8,673 16 5 Private hospital license £ s. d. Gisborne .. .. .. 2,626 011 fees .. .. 241 1 4 Wanganui .. .. 2,164 2 3 District nursing fees .. 61 16 9 Wellington .. .. .. 5,686 2 4 Medical practitioners reChristchurch .. .. 3,968 2 8 gistration fees .. 308 10 0 Dunedin .. .. .. 3,173 14 2 Masseurs registration and Invercargill .. .. .. 2,792 5 7 examination fees .. 25 12 0 King George V Orthopajdic and Gene- j Nurses and midwives reral Hospital, Rotorua .. .. 25,658 7 3 gistration and examiQueen Mary Hospital, Hanmer .. 10,430 5 0 nation fees .. 1,061 6 9 Otaki Hospital .. .. 1,805 11 5 Plumbers registration Infectious Diseases Hospital, Rotorua 1,576 0 1 and examination fees 413 7 6 Pukeora Sanatorium for Consump- —— — 2,111 14 4 tives, Waipukurau .. .. 8,325 3 10 Law-costs recovered in proceedings .. 267 3 4 Otaki Sanatorium for Consumptives 4,145 19 3 Te Waikato Sanatorium—• Leper Hospital, Quail Island .. 204 12 6 Bad debts recovered .. .. 21 18 0 Kahukura Cottage Emergency Hos- Stores (general) on hand at 31st March, pital .. .. .. .. 435 5 5 1927 .. .. .. .. 841 11 5 Rotorua Cottage Hospital (closed) .. 2 14 2 Balance carried down (being excess of Trentham Hospital (closed) .. 22 2 0 expenditure over income) .. 756,853 6 4 81,690 5 3 Subsidies to Hospital Boards and separate institutions — On levies by local bodies for maintenance purposes .. .. 460,692 1 5 Voluntary contributions .. .. 22,526 11 0 Bequests .. .. .. 6,223 5 8 —— — 489,441 18 1 Grants in aid of medical and social relief— Royal N.Z. Society for the Health of Women and Children, and Women's National Reserve .. ..24,321 5 4 University of Otago (dental bursaries and assistance towards expenses of Analytical and Pathological Laboratories) .. .. .. 3,958 16 4 Other grants in aid of medical and social relief .. .. .. 6,048 19 9 34,329 1 5 Sundry small grants .. .. .. 1,214 7 1. Sohool hygiene .. . . . . .. 21,190 12 6 Dental hygiene .. .. .. .. 30,352 11 6 Maori hygiene .. .. .. 14,088 10 4 Child welfare .. .. . . 390 10 7 Maternal welfare—Ante-natal clinics .. .. 1,421 12 8 Health Act expenses— Board of Health expenses.. .. 106 9 7 Infectious diseases (expenses of preventive measures and in connection with outbreaks) .. . . 698 5 7 Fees for notification of infectious disease .. .. .. 1,032 17 4 Inspection of vessels (medical fees and launch-hire) .. .. 1,550 16 11 Quarantine expenses (maintenance of stations) .. .. .. 2,077 2 9 Other Health Act expenses .. 4,645 5 2 — 10,110 17 4 Social Hygiene Act (maintenance of V.D. clinics, payments for treatments, &c.) .. .. .. .. 290 7 6 Sale of Food and Drugs Act .. .. 596 16 0 Medical Practitioners Act (expenses of Medical Board, &c.) .. .. .. 289 3 9 Masseurs Registration Act (examination expenses) .. .. .. .. 106 18 0 Nurses and Midwives Registration Act (examination expenses) .. .. .. 809 9 2 Plumbers Registration Act (examination expenses) .. .. .. .. 941 5 4 Hospital treatment of immigrants .. .. 1,243 15 II Transfer and maintenance, N.Z. lepers at Mokagai .. .. .. .. 1,555 5 5 Travelling-expenses of Dr. MacEachern (U.S.A.) inspecting New Zealand hospitals .. .. .. .. .. 151 13 3 Carried forward.. .. .. 697,877 19 10 Carried forward .. .. .. 775,079 17 7

42

B.—l [PT. IV, Sup.] .

DEPARTMENT OF HEALTH—continued. General Revenue Account for the Year ended 31st March, 1927—continued. Dr. £ s. d. £ s. d. C'r. £ 8. d. Brought forward .. .. .. 697,877 19 10 Brought forward .. .. .. 775,079 17 7 General administration— Salaries and temporary assistance 50,431 9 10 Travelling, transfer, and removal expenses . . .. .. , . 9,220 5 11 Office expenses (rent, telephones, postages and telegrams, printing and stationery, &c.) .. . , .. 9,543 14 10 Bad debts (other than institutional) ..080 Law-costs.. .. .. .. 223 19 10 Other expenses . . .. .. 148 12 9 69,568 11 2 Assets handed over to Waiapu Hospital Board free of cost .. .. .. .. 2,560 17 1 Depreciation on buildings and equipment, &c. (other than institutional) .. .. 4,858 ]4 10 L oss on realization of departmental motorcars .. .. .. .. .. 213 14 8 £775,079 17 7 £775,079 17 7 £ s. d. £ s. d. To Balance brought down .. .. .. .. 756,853 6 4 By Balance, after charging interest .. 760,780 710 Interest on capital (other than institutional) at 4J per cent, per annum .. .. .. .. 3,927 1 6 £760,780 7 10 £760,780 7 10 Sera Trading Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Stock on hand, Ist April, 1926 .. .. 1,203 18 9 i By Sales .. .. .. .. .. 7,333 11 4 Purchases .. .. .. .. 6,943 19 9 I Stock, 31st March, 1927 .. .. .. 2,027 11 10 Gross profit .. .. .. .. 1,213 4 8 j £9,361 3 2 | £9,361 3 2 Sera Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. C'r. £ s. d. To Salaries .. .. .. .. .. 320 0 0 By Gross profit .. .. .. .. 1,213 4 8 Telephone .. .. .. .. 15 15 0 Rental .. .. .. .. .. 20 5 0 Postages .. .. .. .. .. 57 6 8 413 6 8 Net profit 799 18 0 £1,213 4 8 £1,213 4 8

43

J*.—l [PT. IV. Sup.] .

DEPARTMENT OF HEALTH— continued. Institutional Income and Expenditure Accounts for the Year ended 31st March, 1927. St. Helens Maternity Hospitals.

44

' Auckland. j Christchurch. Dunedin, Gisborne. Inveicargill. Wanganui. Wellington. Total. Expenditure. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Provisions .. .. .. .. .. 1,558 15 4 920 18 6 I 445 16 3 369 0 2 464 18 11 335 18 1 j 1,238 8 8 5,333 15 11 Surgery and dispensary .. .. .. .. 346 6 1 155 8 3 j 73 6 6 73 12 3 173 2 10 85 0 9 ! 222 1 1 1,128 17 9 Salaries and wages .. .. .. .. 3,084 16 1 1,816 19 5 I 1,281 8 2 1,097 14 10 1,358 19 7 995 4 2 2,420 0 3 12,055 2 6 Domestic .. .. .. .. .. 1,633 11 8 858 12 5 ! 571 13 6 435 7 10 478 9 8 411 9 4 1,306 16 1 5,696 0 6 Establishment .. .. .. .. .. 464 1 2 276 17 8 I 303 10 11 313 19 8 55 14 5 96 10 6 322 5 8 1,833 0 0 Grounds .. .. .. .. .. 167 18 0 170 15 0 j 231 6 9 271 17 2 177 14 10 196 2 4 181 16 7 1,397 10 8 Miscellaneous maintenance .. .. .. 13 9 6 2. 10 11 j 7 18 8 3 14 0 25 9 4 13 13 7 9 15 4 76 11 4 Miscellaneous expenditure .. .. .. 124 1 0 50 16 6 j 71 1 0 .. 11 12 6 9 7 0; 0 11 11 267 9 11 Depreciation — Buildings .. .. .. .. .. 769 15 8 126 0 8 122 10 4 151 4 5 171 18 9 i 72 18 11 ! 269 16 9 } 1,684 5 6 Equipment .. .. .. .. 359 11 9 129 3 9 86 19 6 61 1 3 63 6 2 | 104 3 7 181 9 0 985 15 0 Other improvements .. .. .. j .. .. .. .. .. ' 116 0] 2 10 0 460 Administration . . .. .. .. .. 345 4 1 182 18 10 105 15 9 107 4 1 112 9 11 j 109 5 5 ! 286 0 2 - 1,248 18 3 Bad debts written off .. .. .. 84 5 3 73 0 0 58 4 6 45 10 0 4 3 0 ! 30 12 6 j 78 3 0 j 373 18 3 Maintenance of outdoor services .. .. .. j 81 0 2 73 7 11 47 10 7 1 1 6 6 12 6 j 3 19 3 j 25 15 0 239 6 11 I : : j 1 9,032 15 9 4,837 9 10 3,407 2 5 2,931 7 2 3,104 12 5 ! 2,466 1 5 I 6,545 9 6 ! 32,324 18 6 Balance brought down .. .. .. .. 6,439 17 4 3,629 8 4 2,834 8 5 2,306 17 0 2,429 11 4 1,933 0 5 | 4,802 8 0 24,375 10 10 Interest on capital .. .. .. .. 2,233 19 1 338 14 4 339 5 9 319 3 11 362 14 3 231 1 10 ] 883 14 4 4,708 13 6 8,673 16 5 3,968 2 8 | 3,173 14 2 2,626 0 11 2,792 5 7 2,164 2 3 j 5,686 2 4 29,084 4 4 Income. Eees received — In-patients .. .. .. .. 2,307 8 6 i 1,004 9 0 497 10 6 546 2 0 631 0 0 499 8 0 1.620 1 0 j 7,105 19 0 Out-patients .. .. .. .. 263 8 0 195 2 6 73 6 0 2 0 0 15 0 0 8 0. 0 ■ j. 94 18 0 I 651 14 6 Babies .. .. .. .. .. 20 1 5 1 10 0 1 14 6 48 12 8 2 13 7 3 3 0 i 8 11 6 86 6 8 Pupil nurses' fees .. .. .. .. .. 4 00 .. .. .. .. I 2 0 0 600 Miscellaneous income .. .. .. .. 2 0 6 3 0 0 0 3 0 27 15 6 26 7 6 22 10 0 17 11 0 99 7 6 Balance carried down .. .. .. .. 6,439 17 4 3,629 8 4 2,834 8 5 2,306 17 0 2,429 11 4 1,933 0 5 4,802 8 0 I 24,375 10 10 9,032 15 9 4,837 9 10 3,407 2 5 2,931 7 2 3,104 12 5 2,466 1 5 > 6,545 9 6 32,324 18 6 Excess of expenditure over income .. .. 8,673 16 5 3,968 2 8 3,173 14 2 2,626 0 11 2,792 5 7 [ 2,164 2 3 ' 5,686 2 4 29,084 4 4

B.—l [PT. IV, Sup.] .

DEPARTMENT OF HEALTH— continued. Institutional Income and Expenditure Accounts for the Year ended 31st March, 1927— continued. Institutions other than St. Helens Maternity Hospitals.

45

Wttls "WW* e® I JSSL I Qi 1 tar •— •swsJ.BS'! ~ j : ; ! 1 i ! _l . . I: :; ; ■ '■■; I ■•' I Expenditure. £ s. d. £ s. d. £ s. d. £ s. cl. £ • s. d. £ s. d. £ s. d. £ s. d. j £ s. d. j £ s. d. £ s, d. Provisions .. .. .. .. .. 5,119 12 1 248 4 10 5,551 17 11 5,581 10 9 2,009 5 2 356 10 6 j .. | 34 11 8 18,901 12 11 Surgery and dispensary . .. .. .. 2,193 6 8 72 0 1 403 15 2 306 8 3 125 0 0 53 16 7 ! .. 24 4 2 3,178 10 11 Salaries and wages .. .. .. .. 19,772 6 2 1,089 8 1 12,394 15 10 14,513 0 9 3,894 8 6 1,324 10 5 i .. i 257 1 4 53,245 11 1 Domestic.. .. .. .. .. .. 6.138 12 5 \ QOO ... „ f2.918 1 3 2,107 7 7 1,170 1 0 \ „ Qa „ „ 7 a /12,953 4 S Establishment .. .. .. .. .. 35 j 5 5 / " \ 446 8 11 305 1 0 666 8 8 / u88 11 " j \ 1,659 4 0 Miscellaneous maintenance .. .. .. .. 89 15 2 1 12 3 124 5 10 174 17 6 92 4 9 2 18 5 j .. I 26 13 6 512 7 5 Miscellaneous expenditure .. .. .. 016 .. .. ! .. .. .. .. j .. 016 Grounds Account .. .. ... .. .. .. 180 0 0 j 346 13 9 .. 322 7 1 .227 19 0 .. 1 15 9 1,078 14 10 Depreciation — Buildings .. .. .. .. .. 995 16 5 150 18 1 I 1,232 15 7 1,596 3 3 275 3 0 .. I 62 6 11 35 16 1 4,348 19 4 Equipment .. .. .. .. .. 1,107 1 10 48 6 2 912 0 0 963 14 1 222 13 6 .. j 27 0 10 12 19 6 3,293 15 11 Other improvements .. .. .. .. 28 1 11 .. 136 0 2 788 8 4 11 8 1 .. .. .. 963 18 6 Bad debts written off .. .. 22 2 0 2 12 8 572 7 5 33 10 9 j 380 2 0 264 16 4 542 16 8 j 121 6 0 .. [ .. 1,939 13 10 Stores written off .. .. .. .. .. 434 5 3 .. | 164 3 2 603 0 6 .. j .. .. j .. 1,201 8 11 Loss on sale of assets .. .. [ .. .. .. j .. I .. 306 14 3 .. i .. •. ! .. 306 14 3 Administration .. .. .. j .. .. 1,688 17 11 97 13 10 j 1,203 14 2 1,394 0 2 599 10 3 j 60 10 0 .. 17 19 2 5,062 5 6 Loss on poultry-farm .. .. .. .. .. .. ; 131 19 8 .. .. j .. .. .. 131 19 8 Loss on farm-working .. .. . . .. .. .. j .. 216 5 6 .. j .. .. .. 216 5 6 22 2 0 2 14 2 38,491 8 8 2,244 9 3 26,346 13 5 29,121 8 3 9,821 6 8 2,436 2 1 89 7 9 418 16 1 108,994 8 4 Balance brought down .. .. 22 2 0 2. 14 2 21,831 14 1 1,221 10 9 5.068 1 11 5,481 17 6 2,621 19 8 1,597 19 7 89 7 9 370 2 4 38,307 9 9 Ornamental grounds .. .. .. .. 483 4 8 .. 567 5 6 691 10 4 511 15 11 .. .. 2,253 16 5 Interest on capital .. .. .. .. I .. 3,343 8 6 354 9 4 2,689 16 5 4,256 17 2 1,012 3 8 207 11 10 115 4 9 65 3 1 12,044 14 9 22 2 0 2 14 2 25,658 7 3 1,576 0 1 8,325 3 10 10,430 5 0 4,145 19 3 1.805 11 5 204 12 6 435 5 5 52,606 0 11 Income. Fees received — In-patients- — General .. _.. .. .. \ .. 7,919 5 0 991 14 6 13,358 2 0 14,899 1 0 7,064 11 0 838 2 6 .. 9 13 6 45,080 9 6 Orthopaedic .. .. .. .. .. 6,843 46 .. .. .. .. : .. .. .. 6,843 4 6 Out-patients — General .. .. .. i .. 340 4 8 .. .. 660 10 5 .. ; .. I .. 39 0 3 1,039 15 4 Orthopaedic .. .. .. .. .. 15 17 6 . . .. .. .. i .. .. • • I 15 17 6 Ex-service patients .. .. .. .. 935 14 1 31 4 0 7,056 16 10 7,831 7 9 .. j ... | .. j 15,855 2 8 Examination of pensioners .... .. .. 7 17 6 .. 55 7 6 9 19 6 .. .. .. I 73 4 6 Bents, &c. .... .. .. .. 535 2 3 .. 422 3 6 191 14 4 .. .. .. .. 1,149 0 1 Sale of refuse .... .. .. ' .. 37 2 6 .. 26 5 0 6 10 0 .. .. .. .. 69 17 6 Meals supplied .. .. .. .. .. 19 5 0 .. 7 1 0 .. .. .. .. .. 26 6 0 Board and lodgings .. .. .. .. 6 0 7 ... 302 10 0 23 0 10 .. .. .. .. 331 11 5 Profit on farm .. .. .. .. .. .. .. - 50 5 8 .. 34 10 2 .. j .. 84 15 10 Profit on vegetable garden .. .. j .. .. .. .. 17 6 5 .. .. .. : .. 17 6 5 Miscellaneous income .. .. .. .. 010! .. .. 0 0 6 100 5 10 .. .. .. ! 100 7 4 Balance carried down ' .. 22 2 0 2 14 2 21,831 14 1 | 1,221 10 9 5,068 1 11 5,481 17 6 2,621 19 8 1,597 19 7 89 7 9 370 2 4 j 38,307 9 9 22 2 0 2 14 2 38,491 8 8 2,244 9 3 26,346 13 5 29,121 8 3 9,821 6 8 2,436 2 1 89 7 9 418 16 1 108,994 8 4 Excess of expenditure over income after 22 2 0 2 14 . 2 J 25,658 7 3 | 1,576 0 1 8,325 3 10 10,430 5 0 4,145 19 3 1,805 11 5 204 12 6 435 5 5 52,606 0 11 charging interest on capital 1

B.—l [PT. IV, Sup.] .

DEPARTMENT OF HEALTH —continued. Institution Farms and Vegetable-gardens Working Accounts for the Year ended 31st March, 1927.

Bacteriological Laboratories Working Accounts for the Year ended 31st March, 1927.

46

Pukeora Sanatorium. Queen Otaki Sanatorium. —— j | Vegetable- Vegetable- Totals. Farm. Poultry-larm. Farm. — » d Farm. —and | Section. Section. Dr. £ s. d. £ s. d. £ s. d. £ a. d. £ s. d. £ . s. d. £ s. d. To Live-stock on hand, 1st April, 1926 874 0 6 571 0 0 340 11 8 24 11 1 245 18 0 54 19 0 2,311 0 3 Other stock on hand, 1st April, 1926 464 14 . 8 ... .. .. 97 0 0 105 5 10 667 0 6 Live-stock .. .. .. 435 15 0 .. 39 6 10 .. 379 14 4 30 6 6 885 2 8 Fodder .. .. .. 192 0 6 .. 650 16 0 218 0 2 1,060 16 8 Fowl-food .. . . - .. .. 655 19 9 .. 115 9 8 .. 67 18 8 839 8 1 Seeds and manures .. . . 158 4 3 .. 141 2 9 6 3 1 73 17 11 19 6 2 398 14 2 Salaries and wages .. .. 1,103 8 7 330 19 8 828 4 2 234 7 1 712 9 11 325 8 10 3,534 18 3 Repairs and renewals .. .. 273 4 3 27 14 3 188 9 2 7 11 6 132 12 11 .. 629 12 1 Depreciation .. .. . . 148 9 0 99 13 5 49 12 5 1 6 11 26 17 8 10 8 1 336 7 6 Other expenses ... .. -52 4 11 33 3 4 1 4 2 .. ,89 6 2 37 8 5 213 7 0 Balance, gross profit .. .. 494 2 6 .. .. 19 4 8 78 15 2 .. 592 2 4 4,196 4 21,718 10 52,439 7 2 408 14 02,054 12 3 651 1 6 11,468 9 6 Balance brought down . . .. .. 1 7 8 131 9 8 .. .. 308 18 1 441 15 5 Interest on capital .. . . 443 16 10 130 12 0 84 15 10 1 18 3 44 5 0 13 9 0 718 16 11 Net profit .. .. .. 50 5 8 .. .. 17 6 5 34 10 2 .. 102 2 3 494 2 6 131 19 8 216 5 6 19 4 8 78 15 2 322 7 1 1,262 14 7 Cr. By Supplies to institutions — Milk .. .. .. 1,668 17 11 .. 1,516 18 0 .. 866 18 3 .. 4,052 14 2 Meat .. ., 621 9 4 .. .. .. 406 3 9 .. 1,027 13 1 Vegetables .. .. .. 119 15 11 .. .. 209 3 1 54 14 10 23 2 7 406 16 5 I ■■ >167 4 10 .. >183 9 1 2 Poultry .. .. . . .. 46 13 6 / J 46 13 6 Sales — Skins, &c. .. .. 110 0 4 .. 2 11 0 .. 90 18 9 .. 203 10 1 Live-stock .. .. .. 89 8 6 34.17 8 13 0 0 .. .. 3 1 8 140 7 10 Produce .. .. .. 60 6 11 371 13 1 .. .. 46 1 2 50 5 6 528 6 8 Services rendered to institution .. .. ., 186 10 0 .. .. .. 186 10 0 Live-stock on hand, 31st March, 1927 930 8 3 516 9 6 588 18 6 32 6 1 255 11 6 48 7 9 2,372 1 7 Other stock on hand, 31st March, 1927 595 17 0 116 15 9 .. .. 334 4 0 33 16 10 1,080 13 7 Balance carried down .. .. .. 1 7 8 131 9 8 .. .. 308 18 1 441 15 5 4,196 4 21,718 .10 52,439 7 2 408 14 02,054 12 3 651 1 6 11,468 9 6 Balance brought down, gross profit 494 2 6 .. . . 19 4 8 78 15 2 .. 592 2 4 Net loss on working .. .. .. 131 19 8 216 5 6 .. .. 322 7 1 670 12 3 494 2 6 131 19 8 216 5 6 19 4 8 78 15 2 322 7 1 1,262 14 7

I ] . I —■— | Auckland. Wellington. Dunedin. | Other. ! Total. Dr. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Stock on hand, 1st April, 1926 .. .. 414 12 2* 5 4 5 48 7 0 .. 468 3 7 Purchases and general expenses .. .. 1,631 6 11 1,547 11 3 99 3 1 365 0 8 3,643 1 11 Telephones .. .. .. .. .. 26 5 0 19 0 0 7 10 0 52 15 0 Rental .. .. .. .. .. 70 0 0 . . .. 70 0 0 Salaries .. .. .. .. .. 50 8 0 1,280 0 0 1,520 0 0 2,850 8 0 2,045 19 1 1,699 8 8 1,446 10 1 1,892 10 8 7,084 8 6 Gr. ' By Sales .. .. .. .. .. 29 15 0 276 16 6 31 1 2 .. 337 12 8 Stock on hand, 31st March, 1927.. .. .. 37 15 0 99 10 9 .. 137 5 9 Net cost .. ... .. .. 2,016 4 1 1,384 17 2 1,315 18 2 1,892 10 8 6,609 10 1 2,045 1-9 1 1,699 8 8 1,446 10 1 1,892 10 8 7,084 8 6 * Handed over free of cost to Auckland Hospital Board.

B.—l [PT. IV, SUP.]

DEPARTMENT OF HEALTH—continued. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. Capital Account .. .. .. .. 500,738 4 0 National Development Expenditure Account — £ s. d. Institutional fees paid in advance .. . . 619 19 6 Capital subsidies payable to Hospital Boards, Institutional fees Suspense Account .. 1,119 6 0 1926-27 .. .. .. 100,826 3 3 Sundry creditors .. .. .. .. 52,371 10 3 Land— £ s. d. Reserve for depreciation— Institutions .. .. 53,803 4 0 Institutions .. .. 49,115 16 0 Quarantine stations.. .. 1,900 0 0 Other .. .. .. 21,102 3 8 70,217 19 8 55,703 4 0 Treasury Adjustment Account .. .. 763 ,389 18 7 Less book value in Suspense prior to writing off .. 66 0 0 55,637 4 0 Buildings— Institutions .. .. 235,105 15 7 Quarantine stations .. 47,577 14 3 282,683 9 10 Leas book value in Suspense prior to writing off .. 2,152 2 3 280,531 7 7 Other improvements — Institutions .. .. 26,319 7 4 Quarantine stations.. .. 2,852 19 5 29,1.72 6 9 Plant and machinery at institutions .. .. .. .. 10,641 11 1 Furniture, fittings, and equipment — Institutions .. .. 57,092 13 5 Other .. .. 24,500 9 5 81,593 2 10 Less book value in Suspense prior to writing off .. 258 3 4 81,334 19 6 Mechanical office appliances .. .. 1,294 3 0 Motor-cars, ambulances, lorries, and cycles— Institutions .. . . 4,340 8 4 Other .. .. .. 7,383 10 4 11,723 18 8 Less book value in Suspense prior to writing off . 520 8 11 11,203 9 9 Push-bicycles .. .. .. 245 10 3 Farm-stock and consumable stores at institutions .. .. .. 3,475 7 8 Libraries (other than institutional) .. 668 5 4 Stores on hand— At institutions .. .. 17,8i8 18 3 Sera, vaccine, and laboratory stores .. .. .. 9 9 Drugs, disinfectants, &c., other than institutional .. 6,822 4 9 27,220 12 9 Less stock in Suspense prior to writing off . . .. 686 13 8 26,533 19 1 Cash in transit .. .. .. 1,77430 Sundry debtors — Institutional .. .. 23,406 14 8 Other .. .. .. 3,803 19 4 27,210 14 0 Less bad debts and allowances in Suspense .. .. 2,872 14 I 24,337 19 11 General Revenue Account —Excess of expenditure over income .. .. .. .. 760,780 7 10 £1,388,456 18 0 £1,388,456 18 0 Notes. —Owing to a change in the method of treating stores on hand, the unissued stocks in hand as at Ist April, 1926, and 31st March, 1927, for certain institutions were this year included in Stores Account and not posted direct to the respective expense accounts. The accounts include the following charges for which the Department possesses no parliamentary appropriations : (a) Rent assessed by Public Works Department; (b) interest at 4| per cent, on capital as at Ist April, 1926. E. Killick, Secretary. W. T. Findlay, A.R.A.N./., Accountant. « I hereby certify that the various Income and Expenditure Accounts and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

47

B.—l [PT. IY, SUP.] .

IMMIGRATION DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. Income. £ s. d. To Administration expenses— By Recoveries, New Zealand Government Salaries— £ s. d. £ s. d. contributions . . . . . . 155 8 6 New Zealand .. .. 4,676 18 3 Cables prepaid .. .. .. 3,164 7 8 London .. .. .. 7,500 0 0 Exchange .. .. .. 014 7 Temporary assistance .. .. 482 10 10 Excess of expenditure over income Office expenses .. .. 4,137 4 2 carried down .. .. .. 161,933 12 9 Supervision of domestics .. 3,458 13 3 Supervision of public - school-boys .. .. 7 7 7 18 10 Rent .. .. .. 1,433 0 0 22,466 5 4 Grants, &c., to immigrants .. .. .. .. 3,757 14 4 Passage-money paid .. .. 352,251 17 2 Less contributions by— £ s. d. Immigrants .. 96,987 17 2 Imperial Government .. .. 120,508 5 0 — 217,496 2 2 — — 134,755 15 0 Passage-money, undesirables .. .. .. 968 1 0 Cost of cables .. .. .. .. • .. 3,140 14 2 Exchange .. .. .. .. .. 239 Depreciation .. .. .. .. .. 75 8 9 Loans for passage-money written off .. .. 88 1 2 £165,254 3 6 £165,254 3 6 £ s. d. £ s. d. To Balance brought down .. .. .. .. 161,933 12 9 By Recoveries of expenditure on account Interest on capital .. .. .. .. 41 4 2 of previous years— New Zealand Government contributions .. .. .. 3,064 17 5 Excess of expenditure over income after charging interest .. .. 158,909 19 6 £161,974 16 11 £161,974 16 11 Note.- —Interest at 4£ per cent, on capital as at Ist April, 1926, had been included in the account although the Department possesses no parliamentary appropriation. Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. £ s. d. Payments. £ s. d. To Passage-money deposits .. .. .. 90,933 11 4 By Passage-money deposits .. .. .. 96,966 17 2 Cables prepaid .. .. .. .. 2,736 8 2 Cables .. .. .. .. .. 2,730 14 8 Miscellaneous receipts .. .. .. 3,833 011 New Zealand Government contributions toOffice expenses recovered .. .. .. 3 5 0 wards passage-money .. .. .. 134,755 15 0 Grants, &c., recovered .. .. .. 112 1 1 Imperial Government contributions towards Recoveries from immigrants on account of passage-money .. .. .. 120,505 10 0 Imperial Government contributions towards New Zealand Government loans of passage-passage-money .. .. .. 1,865 310 money to immigrants .. .. .. 2,280 3 4 Imperial Government loans of passage-money.. 1,910 5 3 Imperial Government loans of passage-money Repayments of New Zealand loans of passage- to immigrants advanced by New Zealand money to immigrants .. .. .. 1,497 17 7 Government .. .. .. .. 2,513 18 4 Recoveries on behalf of Australian Government 125 0 0 Imperial Government loans of passage-money Recoveries of Imperial Government .. 485 0 0 to New Zealand Government .. .. 2,015 1 3 Supervision of domestics .. .. .. 998 15 11 Refunds of passage-money .. .. 6,640 7 2 Gratuities payable to matrons .. .. 255 9 2 Miscellaneous .. .. .. .. 612 15 0 Imperial Government loans of passage-money Salaries .. .. .. .. .. 12,169 3 10 to New Zealand Government .. .. 1,460 5 0 Supervision of domestics .. .. .. 4,257 3 5 Imperial Government loans of passage-money Grants, &c., to immigrants .. .. 3,971 8 4 to immigrants advanced by New Zealand Office expenses .. .. .. .. 4,368 15 0 Government .. .. .. .. 2,282 18 4 Rent .. .. .. .. .. 1,418 0 0 Salaries .. .. . . . . . . 17 2, Payments on behalf of Australian Government 58 10 0 Supervision of public-school boys .. .. 218 14 9 Passage-money, undosirables . . .. 734 18 9 Imperial Government contributions towards j Gratuities paid to matrons, &c. .. .. 360 16 1 passage-money .. .. .. 107,635 10 0 | Temporary assistance .. .. .. 482 10 10 Blankets account .. . . .. 3 0 0 Supervision of public-school boys .. .. 807 14 0 Net payments from vote .. .. .. 184,918 5 10 j Imperial Government loans of passage-money to immigrants recovered and repaid to Imperial Government .. .. .. 2,382 14 11 Recoveries of Imperial Government contributions towards passage-money paid out of Suspense Account .. .. .. 160 5 0 Recoveries of Imperial Government contributions refunded to migrants .. .. 89 5 0 Furniture and fittings . . .. . . 43 12 3 Blankets Account . . .. . . 8 19 0 Recoveries of Imperial Government contributions refunded to Imperial Government .. 939 910 Exchange .. .. .. .. 1112 .— — i —.— £401,275 19 4 | £401,275 19 4

48

7—B. 1 [PT. IY, SUP.].

B.—l [PT. IY, SUP.] .

IMMIGRATION DEPARTMENT—continued. Consolidated Fund Deposits Account fob the Year ended 31st March, 1927. Remittances to Immigrants. Dr. £ s. d. Cr. £ s. d. To Balance, Ist April, 1926 .. .. .. 412 0 0 By Payments, Ist April, 1926, to 31st March, 1927 1,901 15 0 Deposits, Ist April, 1926, to 31st March, 1927.. 1,840 15 0 Balance, 31st March, 1927 .. .. 351 0 0 £2,252 15 0 £2,252 15 0 Immigrants Deposits Account. Dr. £ s. d. Cr. £ s. d. To Balance, Ist April, 1926 .. .. .. 6,312 10 1 By Payments, Ist April, 1926, to 31st March, 1927 37,378 011 Deposits, Ist April, 1926, to 31st March, 1927 33,084 4 9 Balance, 31st March, 1927 .. .. 2,018 13 11 £39,396 14 10 £39,396 14 10 Balance-sheet as at 31st March, 1925. Liabilities. Assets. £ s. d. £ s. d. National Development Account— Capital as at Ist April, 1926 .. .. 915 15 2 Excess of expenditnre over £ s. d. £ s. d. Passage-money deposited on behalf income, 1926-27 .. .. 158,909 19 6 of immigrants .. .. 13,100 16 6 Less adjustment on account of Cable fees paid in advance on expenditure previous years, behalf of immigrants .. .. 8 0 0 1913-22 .. .. .. 49 0 0 Amounts deposited as gratuities 158,860 19 6 for matrons, &c. .. .. 30 12 6 Furniture and fittings .. .. .. 959 7 5 ■—— — 13,139 9 0 Stock of stationery .. .. 217 6 4 Imperial Government — Stock of blankets .. .. 5 19 0 Loans of passage-money to New Zealand 223 5 4 Government .. .. .. .. 2,014 7 6 Loans of passage-money to imLoans to immigrants recovered but, not paid .. 1,423 9 I migrants.. .. .. 2,795 16 8 Contributions of passage-money recovered but Less bad debts in Suspense .. 64 13 8 not paid .. .. .. .. 1,767 13 10 2,731 3 0 Contributions of passage-money recovered and Cash in Deposits Account — held in Suspense .. .. .. 609 5 0 Emmigrants' deposits .. 2,018 13 11 Recoveries on behalf of Commonwealth Migration Remittances to immigrants .. 351 0 0 Department (Australia) .. .. .. 101 0 0 2,369 13 11 Emigrants'deposits (amounts deposited with High Sundry debtors (Imperial Government).. .. 13,142 9 6 Commissioner for repayment in New Zealand).. 2,018 13 11 Official stamps .. .. .. .. 33 1 1 Remittances to immigrants (amounts deposited in New Zealand for payment in England) .. 351 0 0 Sundry creditors .. .. .. .. 1,998 2 1 Depreciation Reserve .. .. .. 340 13 8 Bad Debts Reserve .. .. .. .. 50 0 0 Treasury Adjustment Account .. .. 153,590 10 6 £178,319 19 9 £178,319 19 9 4th July, 1927. H. D. Thomson, Under-Secretary. I hereby certify that the Statement of Receipts and Payments, Income and Expenditure Account, and Balancesheet have been duly examined and compared with the relative books end 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.

49

B.—l [PT. IY, Sup.] .

DEPARTMENT OF INDUSTRIES AND COMMERCE. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. £ s. d. Salaries, overtime and meal allowance .. 5,348 12 0 Income. £ s. d. Advertising, periodicals, newspapers, &c. .. 133 13 10 By Gas Regulations Account .. .. .. 1,381 0 0 Freight and cartage .. .. .. 7 18 9 Balance carried down .. .. .. 9,265 4 10 Fuel, light and office cleaning .. .. 86 15 6 Assistance to secondary industries .. .. 461 13 9 General expenses .. .. .. .. 256 7 0 Industrial exhibitions .. .. .. 26 1 0 Law-costs .. .. .. 1,418 19 11 Office requisites, printing and stationery .. 175 9 11 Postages, telegrams, and rent-boxes .. .. 337 3 2 Rent of offices .. .. .. •• 935 5 10 Travelling expenses and .allowances .. .. 356 6 10 Railway passes issued to Trade Commissioners 189 17 5 Expenses, Proprietary Articles Trading Association inquiry .. .. .. .. 374 1 2 Compensation, British Empire Exhibition .. 250 0 0 Depreciation Account .. .. .. 287 18 9 £10,646 4 10 £10,646 4 10 £ s. d. £ s. d. To Balance brought down .. .. .. 9,265 410 By Balance .. .. .. .. .. 31,859 18 4 Subsidies to steamer services .. .. 22,500 0 0 Interest on capital .. .. .. 94 13 6 £31,859 18 4 £31,859 18 4 Note.—The above account includes interest on capital and on assessed rental of office-heaters for which the Department possesses no parliamentary appropriation. New Zealand and South Seas Exhibition Income and Expenditure Account. Expenditure. Income. £ s. d. To Expenditure by— £ s. d. By Refund, fire insurance .. .. .. 26 17 6 Agricultural Department .. .. 6,419 5 3 Commission, sale of fruit .. .. .. 14 11 0 Census and Statistics Department .. 422 7 9 Balance carried down .. .. .. 32,320 15 9 Defence Department .. .. .. 854 6 9 Education Department .. .. .. 1,791 610 External Affairs Department .. .. 722 3 8 Forestry Department .. .. . . 799 0 7 Government Astronomer .. .. 136 13 6 Government Printer .. .. .. 128 4 3 Health Department .. .. .. 1,717 12 11 Industries and Commerce Department .. 436 13 3 Labour Department .. .. .. 201 9 3 Lands and Survey Department .. .. 550 5 10 Mines Department .. .. .. 524 4 4 Dominion Museum .. .. .. 321 11 I Naval Department .. .. .. 201 19 3 Post and Telegraph Department .. .. 760 18 11 Prisons Department .. .. .. 518 17 10 Public Works Department .. .. 1,805 11 6 Publicity Department .. .. .. 1, 042 4 3 Railways Department .. .. .. 2,102 12 10 Tourists Department .. .. .. 1,775 17 9 Maori house .. .. .. .. 403 6 7 Grant, Fiji Government Account —Loss on sale fruit .'. .. .. .. .. 100 0 0 Administration expenses .. .. .. 3,669 6 7 Balance, New Zealand and South Seas Exhibition (Stores) Account .. .. .. 4,956 3 6 £32,362 4 3 £32,362 4 3 New Zealand and South Seas Exhibition (Stores) Account. Dr. £ s. d. j Gr. £ s. d. To Materials and exhibits purchased .. .. 5,700 19 0 By Proceeds realization .. .. .. 665 911 Transfers, Head Office .. .. .. 75 12 4 Suspense Account .. .. .. .. 3 13 3 Balance to Income and Expenditure Account (New Zealand and South Seas Exhibition) 4,956 3 6 £5,700 19 0 i £5,700 19 0

50

B.—l [PT. IV, SUP.}.

DEPARTMENT OF INDUSTRIES AND COMMERCE—continued. Canadian National Exhibition Income and Expenditure Account. Expenditure. £ s. d. Income. £ s. d To Construction Account .. .. .. 1,522 16 7 By Sale material .. .. .. .. 103 1 2 Furnishings and decorations .. .. 1,095 12 4 Refund freights .. .. .. .. 57 510 Advertising .. .. .. .. 217 14 1 Balance carried down .. .. .. 5,914 15 11 Office and general expenses .. .. ~ 82 0 9 Salaries and wages.. .. . . .. 806 11 6 Entertainment expenses .. .. .. 34 ! 1 Postages and telegrams .. .. .. 34 8 3 Travelling expenses and allowances .. .. 1,01411 3 Packing, freights, and cartage .. .. 1,006 17 2 Exchange and stamp duty .. .. .. 87 17 9 Presentations .. .. .. .. 86 7 3 Insurance .. .. .. ~ 86 4 11 £6,075 2 II £6,075 2 11 Balance-sheet as at 31st March, 1927. lAabilities. j ' Assets. £ s. d. Office furniture and fittings— £ s. d. £ s. d. Capital Account .. .. .. .. 2,133 17 0 Wellington .. .. 815 1 I Depreciation Reserve .. .. .. 937 19 7 Christchurch .. .. .. 313 7 4 Sundry creditors .. .. .. .. 614 11 8 Auckland .. .. .. 185 9 3 Treasury Adjustment Account .. .. 69,906 8 2 Dunedin .. .. .. .. 70 11 1 Melbourne .. .. 55 4 0 1,439 12 9 Mechanical appliances— Wellington .. .. .. 404 4 0 Christchurch .. .. .. 163 17 10 Auckland .. .. .. 98 6 0 Dunedin .. .. .. 50 12 0 716 19 10 Head Office library .. .. .. .. 137 15 0 Half-share refrigerating plant, London .. .. 270 13 8 Exhibition stores .. .. .. .. 675 10 0 Official stamps on hand .. .. .. 29 4 9 Expenditure in advance .. .. .. 6 16 3 Sundry debtors .. .. .. .. 196 1 7 Suspense Account .. .. ~ .. 24 12 7 Excess of expenditure over income— Departmental .. .. .. .. 31,859 18 4 New Zealand and South Seas Exhibition, Dunedin .. .. .. .. 32,320 15 9 Canadian National Exhibition, Toronto .. 5,914 15 11 £73,592 16 5 £73,592 16 5 J. W. Collins, Secretary, Department of Industries and Commerce. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duiy 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.

51

B. -1 [PT. IV, SUP.] .

INTERNAL AFFAIRS DEPARTMENT. HEAD OFFICE (INCLUDING SUBDIVISIONS I, 111, IV, X, AND SPECIAL ACTS). Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. Income. £ s. d. Departmental Administrative Chabges. By Commissions of Inquiry .. .. .. 236 13 5 £ s. d. £ s. d. Fire-hose .. .. .. .. 208 1 7 To Salaries .. . . .. 31,696 17 5 Aliens Act—Registrations .. .. .. 256 7 0 Dominion Observatory ex- Passport fees .. .. .. .. 2,035 10 2 penses .. .. .. 649 12 7 By-laws Act—Fees .. .. .. 25 4 0 Postage .. .. .. 639 16 9 Cinematograph-films consorship .. 1,520 0 7 Printing and stationery .. 1,965 0 2 i Opossum royalty receipts .. .. .. 10,661 16 0 Publications, purchase of .. 746 210 | Sales —Fish .. .. .. .. 759 12 0 Rent .. .. .. 4,431 15 0 j Sales —Miscellaneous .. .. .. 31 510 Telephones .. .. 1,406 19 11 Land-agents'license fees .. .. .. 10,912 5 6 Travelling allowances and ex- Miscellaneous revenue .. .. .. 2,012 2 1 penses of officers .. .. 1,471 4 6 Balance carried down .. .. .. 346,246 7 0 Advertising New Zealand .. 33,873 16 4 Deer herds —Bonus for reduction .. .. .. 686 5 0 Entertaining visitors to New Zealand .. .. .. 3,802 4 2 Opossums —- Distribution of royalty, &c. .. .. 10,111 14 2 Totalizators inspection .. 38 0 11 Turnbull Library expenses .. 929 13 2 War graves upkeep, &c. .. 8,798 311 Saleable publications —Loss .. 53 5 8 Sundries Account .. .. 5,247 15 3 106,548 7 9 General Public Service Administbative Charges. £ s. d. To Salaries .. .. .. 74,946 16 9 Fuel for Government officers .. 2,128 16 5 Light, power, and water .. 4,788 14 7 Printing and stationery for Ministers'offices .. .. 1,019 14 2 Travelling allowances and expenses of Ministers .. 7,321 7 3 Travelling allowances a,nd expenses of Private Secretaries 3,742 18 0 Cleaning offices .. .. 1,966 2 3 Imperial Conference, London .. 3,552 7 1 New Zealand Gazette .. 5,750 19 11 Stores Control Board .. 1,201 1 10 106,418 18 3 Less sundries .. .. 1,272 10 2 • 105,146 8 1 Special Acts. £ s. d. To Salaries .. .. .. 24,063 11 9 Appropriation Act, 1925, sec. 15 36,779 0 3 Appropriation Act, 1926, sec. 15 8,194 8 2 Appropriation Act, 1926, sec. 24 216 5 10 Finance Act, see. 7 .. .. 1,500 0 0 Fire Brigades Act, 1908 .. 2,716 2 4 73,469 8 4 Other Charges. £ s. d. To Fire Brigades —Rail passes .. 849 5 9 Young Citizens League—Rail passes .. .. .. 1,048 1 7 Cost-of-living bonus to annuitants.. .. .. 4,488 5 1 Ex gratia payments for injury (enemy action) .. .. 1,891 8 2 Grants .. .. .. 9,427 11 6 Maintenance of New Zealand prisoners of war in Turkey.. 3,408 0 0 Royal Commission re agricul tural banks .. .. 4,337 6 10 Subsidies .. .. .. 1,000 0 0 Royal visit to New Zealand .. 61,343 8 6 Sundries .. .. .. 1,947 J 3 7 89,741 1 0 £374,905 5 2 £374,905 5 2 £ s. d. £ s. d. £ s. d. To Balance brought down .. .. 346,246 7 0 By Balance.. .. .. .. .. 349,459 .16 0 Interest on capital .. .. 1,789 18 0 Depreciation .. .. 1,423 11 0 3,213 9 0 £349,459 16 0 £349,459 16 0

52

B.— 1 [TT. IV, SUP.] .

INTERNAL AFFAIRS DEPARTMENT —continued. SUBDIVISION lI—GOVERNMENT ACTUARY'S OFFICE. Income and Expenditure Account foe the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 4,337 I 5 By Salaries revenue .. .. .. .. 4,717 0 9 Rent .. .. .. .. .. 396 0 0 Miscellaneous revenue .. .. .. 107 19 0 Sundries .. .. .. .. 130 0 3 Balance carried down .. .. .. 38 1 11 £4,863 1 8 £4,863 1 8 £ s. d. £ s. d. To Balance brought down .. .. .. 38 111 By Balance .. .. .. .. .. 93 13 1 Depreciation .. . . .. .. 36 13 2 Interest on capital .. .. .. 18 18 0 £93 13 1 £93 13 1 SUBDIVISION V,—REGISTRAR-GENERAL. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. £ s. d. Income. To Salaries .. .. .. .. .. 11,044 10 11 By Registration and other fees— £ s. d. Payment to Post Office .. .. .. 2,023 16 5 Registration births, deaths, and marriages .. 17,985 3 2 Payment to non-permanents .. 1,590 9 5 Friendly Societies Act .. .. .. 016 0 Postage .. .. .. .. . . 652 12 6 Dentists Act .. .. .. .. 25 15 0 Printing and stationery .. .. .. 1,317 15 11 Sundry revenue .. .. .. .. 114 1 6 Rent .. .. .. .. .. 1,391 17 11 Balance carried down .. .. .. 465 14 10 Sundries .. .. .. .. .. 570 7 5 £18,591 10 6 £18,591 10 6 £ s. d. £ s. d. To Balance brought down ... .. .. 465 14 10 By Balance .. .. .. .. .. 738 3 4 Depreciation .. .. .. .. 172 10 6 Interest on capital .. .. .. 99 18 0 £738 3 4 £738 3 4 SUBDIVISION VI—CENSUS AND STATISTICS. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. £ s. d. Income. To Salaries .. .. .. .. .. 18,325 5 7 By Sundry revenue— £ s. d. Census, 1926 .. .. .. .. 25,113 12 1 Receipts from Powers machines .. 1,850 15 0 Postage .. .. .. .. 1,133 0 8 Miscellaneous revenue .. .. .. 145 8 0 Printing and stationery .. .. .. 1,669 8 2 Balance carried down . . .. .. 58,756 6 0 Rent .. .. .. .. .. 1,376 0 0 Statistics collection .. .. 5,035 9 0 Free issue of publications .. .. .. 5,114 15 7 Loss on sale of publications .. 1,564 16 3 Sundries .. .. .. .. .. 1,420 1 8 £60,752 9 0 £60,752 9 0 £ s. d. £ s. d. To Balance brought down .. .. .. 58,756 6 0 By Balance .. .. .. .. .. 60,641 9 0 Depreciation .. .. .. .. 1,240 18 0 Interest on capital .. .. .. 644 5 0 £60,641 9 0 £60,641 9 0

53

B.—l [PT. IV, Sup.].

INTERNAL AFFAIRS DEPARTMENT—continued. SUBDIVISION VII—HIGH COMMISSIONER, Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. 20,652 11 2 By Rent .. .. .. .. .. 6,600 111 Advertising .. .. .. .. 484 11 5 Shipping charges .. .. .. .. 298 2 4 Official entertainments .. .. .. 1,218 5 11 Miscellaneous revenue .. .. .. 190 17 1 Postage .. .. .. .. .. 2,328 0 9 Balance carried down .. .. .. 32,431 5 0 Printing and stationery .. .. .. 906 10 5 Rent .. .. .. .. .. 7,617 12 11 Interest on unpaid purchase-money .. .. 2,464 14 8 Sundries .. .. .. .. .. 3,847 19 1 £39,520 6 4 £39,520 6 4 £ s. d. £ s. d. To Balance brought down .. .. .. 32,431 5 0 By Balance .. .. .. .. 40,029 16 1 Depreciation .. .. .. .. 4,102 144 Interest on capital .. .. .. 3,495 16 9 £40,029 16 1 £40,029 16 1 SUBDIVISION VIII—MUSEUM. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 3,397 7 1 By Sundry revenue .. .. .. .. 38 15 10 Rent .. .. .. .. .. 1,896 13 4 Balance carried down .. .. .. 6,793 15 5 Free issue of publications .. .. .. 238 16 4 Loss on sale of publications .. 75 8 4 Sundries .. .. .. .. 1,224 6 2 £6,832 11 3 £6,832 11 3 £ s. d. £ s. d. To Balance brought down .. .. .. 6,793 15 5 By Balance .. .. .. .. .. 7,475 5 4 Depreciation .. .. .. .. 211 5 9 Interest on capital.. .. .. .. 470 4 2 £7,475 5 4 £7,475 5 4 SUBDIVISION IX—DOMINION LABORATORY, EXPLOSIVES BRANCH. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 2,823 6 2 By Storage explosives .. .. .. 2,679 18 6 Magazine expenses.. .. .. .. 1,551 9 3 Magazine revenue .. .. .. .. 1,480 6 7 Sundries .. .. .. .. .. 1,447 1 1 Explosives and license fees .. .. . . 4,264 15 6 Rent .. .. .. .. .. 90 0 0 Balance carried down .. .. .. 2,513 4 1 £8,425 0 7 £8,425 0 7 £ s. d. £ s. d. To Depreciation .. .. .. .. 414 5 4 By Balance brought down .. .. .. 2,513 4 1 Interest on capital.. .. .. .. 539 0 8 Balance .. .. .. .. .. 1,559 18 1 £2,513 4 I £2,513 4 1

54

B.—l [PT. IY, Sup.] .

INTERNAL AFFAIRS DEPARTMENT—continued. Combined Income and Expenditure Account foe the Year ended 31st March, 1927. (Including Subdivisions I to X and Special Acts.) Expenditure. \ Income. To Balances from separate accounts as under : — £ s. d. [ By Balances from separate accounts as Under :— £ s. d. Head Office .. .. .. .. 349,459 16 0 1 Dominion Laboratory, Explosives Branch 1,559 .18 1 Government Actuary Department .. 93 13 1 Balance .. .. .. .. 456,878 4 U Registrar-General .. .. .. 738 3 4 Census and Statistics .. .. .. 60,641 9 0 High Commissioner .. .. .. 40,029 16 1 Museum .. .. .. .. 7,475 5 4 £458,438 2 10 1 £458,438 2 10 The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental assessed by the Public Works Department; (6) interest on capital at 4-1 per cent.; (r) the amounts include transfer of assets from other Departments or which no parliamentary authority is provided. Combined Balance-sheet as at 31st March, 1927. (Including Subdivisions I to X and Special Acts.) Liabilities. £ s. d. Assets. Fixed capital as at Ist April, 1926 .. .. 184,513 10 8 Departmental assets, Head Office, Sundry creditors .. .. .. .. 48,992 18 3 and sub-Departments— £ s. d. £ s. d. Advance payments — £ s. d. Land .. .. .. 5,089 9 0 Loans .. .. ~ 21 10 0 Buildings .. .. .. 169,361 3 0 Rents .. .. .. 4 8 6 Office furniture and fittings .. 18,277 19 8 25 18 6 Mechanical appliances .. 17,888 2 1 Unpaid purchase-price of building, London .. 77,500 0 0 Photographic apparatus .. 1,985 16 9 Depreciation Reserve .. .. .. 22,112 011 Library .. .. .. 3,620 12 10 Treasury Adjustment Account .. .. 509,961 9 4 Tools .. .. .. 408 1 10 Saleable publications .. 9,308 13 0 Motor-vehicles .. .. 2,980 0 3 228,919 18 5 Head Office— Turnbull Library building .. 9,292 4 5 Turnbull Library .. 56,206 11 6 Launches .. .. .. 227 19 8 Traps and horses . . .. 12 2 6 Wharves and beacons .. 295 0 0 Consumable stores .. .. 671 16 2 66,705 14 3 Census and Statistics — Payment in advance —Printing publications .. 150 0 0 High Commissioner — Motor accessories .. .. 10 0 0 Lease of building .. .. 20,425 0 0 20,435 0 0 Museum— Exhibits .. .. ... 54,238 15 10 Payments in advance—Publications .. .. .. 960 5 0 55,199 0 10 Dominion Laboratory, Explosives Branch—Explosives appliances .. .. .. 188 0 9 Loan on mortgage .. .. .. .. 7,649 1 11 Sundry debtors .. .. .. .. 6,980 16 9 Excess of expenditure over income .. .. 456,878 4 9 £843,105 17 8 £843,105 17 8 — J. Hislop, Under-Secretary. A. W. Pyne, Accountant. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

55

B-1 [PT. IY, Sup.} .

JUSTICE DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1927. Courts and General. Expenditure. Income. £ s. d' To Salaries— £ s. d. By Supreme Court revenue .. .. 51,723 910 Judges .. .. .. .. 18,250 0 0 Magistrates'and Wardens' Courts revenue .. 122,885 16 2 Magistrates .. .. .. .. 24,200 2 2 Licensing revenue .. .. .. 2,157 15 0 Staff .. .. .. .. .. 66,071 10 10 Land-agents'license fees .. .. .. 1,212 9 6 Travelling allowance and expenses .. .. 9,864 19 7 License fees re King's Counsel .. .. 110 Transfer and removal expenses .. .. 869 16 7 Fees re Shorthand Reporters Act .. .. 44 2 0 Advertising .. .. .. .. 231 18 3 Assessed rent, Patent Office and Bankruptcy.. 761 0 0 Fuel, light, &c. .. .. .. .. 3,281 13 9 Territorial revenue .. .. .. 010 0 Law-costs .. . . . . .. 46 19 8 Postage, telegrams, and rent of boxes .. 2,438 15 10 Printing and stationery .. .. .. 5,408 15 9 Rents .. .. .. .. .. 826 7 8 Typewriter repairs .. .. .. 62 1 4 Telephones .. .. .. 2,245 3 3 Courthouse cleaning .. .. .. 1,862 19 1 Commission on money-orders .. .. 340 12 6 Cost of inquests .. . . .. 6,024 2 5 Criminal prosecutions .. .. .. 12,453 15 0 Expenses Circuit Courts .. .. .. 424 2 2 Expenses under Juries Act, 1908 .. .. 610 4 11 Expenses under Reformatory Institutions Act, 1909 .. .. .. .. .. 3,169 17 11 Expenses under Shorthand Reporters Act, 1908 25 4 0 Subsidy Chatham Islands steamer service .. 135 8 4 Sundry expenses .. .. .. .. 21 5 6 Special grants .. .. .. .. 442 18 4 Misappropriations .. .. .. . . 470 7 9 Writings off Suspense Account— £ s. d. Fees irrecoverable .. .. 114 6 Building, &c., destroyed by fire 777 2 3 788 6 9 Depreciation .. .. .. .. 7,832 10 2 Repairs and maintenance .. .. .. 4,62932 Balance being excess of income over expenditure 5,757 0 10 £178,786 3 6 £178,786 3 6 £ s. d. £ s. d. « To Interest on capital .. .. .. 21,845 8 6 By Balance, being excess of income over expenditure 5,757 010 Balance, being excess expenditure over income after charging interest .. .. 16,088 7 8 £21,845 8 6 £21,845 8 6 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 4 J per cent, on capital as at Ist April, 1926 ; (c) repairs and maintenance. Patent Office. Expenditure. £ s. d. Income. £ s. d. To Salaries and Head Office administration .. 3,942 3 5 By Revenue .. .. .. .. .. 12,188 14 8 Fuel, light, &c. .. .. .. .. 81 7 4 Printing and stationery .. .. .. 1,576 3 2 Postage, telegrams, telephones, &c. .. .. 97 3 7 Typewriters, repairs . . .. .. 4 2 10 Contingencies .. .. .. . . 6 2 8 Assessed rent .. .. .. .. 650 0 0 Depreciation .. .. .. .. 57 15 1 Interest .. .. .. .. .. 271 3 5 Balance, being excess of income over expenditure 5,502 13 2 £12,188 14 8 £12,188 14 8 Bankruptcy. Expenditure. £ s. d. Income. £ s. d. To Salaries and Head Office administration . . 5,295 010 By Revenue .. .. .. .. 12,362 12 9 Advertising .. .. .. .. 367 15 11 Fuel, light, &c. .. .. .. .. 27 15 9 Grant on retirement .. .. .. 295 0 0 Law-costs .. .. .. .. 22 2 8 Postage, telegrams, telephones, &c. .. .. 337 4 11 Printing and stationery .. .. .. 314 17 3 Renewal fidelity guarantee premiums .. 52 10 0 Remuneration to Deputy Assignees .. .. 3,513 14 7 Rents .. .. .. .. 672 6 11 Transfer and removal expenses .. .. 67 18 6 Travelling allowances and expenses .. .. 90 0 4 Compensation under Civil Service Reform Act, 1866 .. .. .. .. .. 2,098 0 0 Contingencies .. .. .. . . 4 6 10 Depreciation .. .. .. .. 40 5 7 Interest ~ .. .. .. 33 11 7 By Balance, being excess of expenditure over income 869 18 11 £13,232 11 8 £13,232 11 8

56

B.—l [PT. TV, SUP.I

JUSTICE DEPARTMENT—continued. Balance-sheet as at 31st March, 1927. Liabilities. j Assets. £ s. d. | £ a. d. £ s. d. Capital .. .. .. .. .. 492,226 2 3 Buildings and sites .. .. 447,718 15 0 Sundry creditors .. .. .. 5,673 5 9 Additional .. .. .. 94 10 4 Depreciation Reserve .. .. .. 45,365 11 5 — 447,813 5 4 Less writings off Suspense Account 614 0 0 447,199 5 4 Patent Office library .. .. .. 5,000 0 0 Office furniture and fittings .. 36,524 16 1 Additional .. .. .. 932 2 7 ! 37,456 18 8 { Less writings off Suspense Account 98 9 3 37,358 9 5 Mechanical appliances .. .. 3,477 5 4 Additional .. . . . . 1 15 0 3,479 0 4 Less writings off Suspense Account 26 19 0 3,452 1 4 Motor-car .. .. .. 196 7 10 Less writings off Suspense Account 37 14 0 158 13 10 Sundry debtors .. .. 470 12 10 Less writings off Suspense Account 11 4 6 459 8 4 Expenses paid in advance .. .. 544 15 3 Treasury Adjustment Account .. .. 37,636 12 6 Excess expenditure over income— Courts and general .. .. 16,088 7 8 Bankruptcy .. .. 869 18 11 16,958 6 7 Less income over expenditure, Patent Office .. .. 5,502 13 2 11,455 13 5 £543,264 19 5 £543,264 19 5 11. 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. —J. H. Fowler, Deputy-Controller and Auditor-General.

b —B. 1 [PT. LV, SUP.j

57

B.—l [PT. IV, SUP.] .

KAURI-GUM INDUSTRY ACCOUNT. Receipts and Payments Account for Year ended 31st March, 1927. Receipts. £ s. d. Payments. £ s. d. Cash in Public Account, Ist April, 1926.. 3,441 18 5 Wages to workmen and gum-buyers .. 621 5 1 Sales of gum .. .. .. 6,913 5 2 Purchase of sacks and cases .. .. 379 15 3 Credits in reductions of expenditure under Purchase of gum . . .. .. 166 0 5 section 4 of the Kauri-gum Industry Freight, cartage, &c. .. .. .. 687 16 11 Amendment Act, 1914 .. .. 192 16 5 General expenses .. .. .. 1,331 4 4 Miscellaneous receipts .. .. 3 4 6 Refund of portion advances from Consolidated Fund .. .. 5,000 0 0 Cash in Public Account at 31st March, 1927 2,365 2 6 £10,551 4 6 £10,551 4 6 Trading Account for Year ended 31st March, 1927. £ s. d. £ s. d. To Gum on hand, Ist April, 1926 .. 58,797 8 6 By Sales of gum .. .. .. 5,860 12 2 Purchases of gum .. .. 74 18 9 Gum on hand, 31st March, 1927 .. 53,152 17 0 Wages .. .. .. .. 625 10 11 Balance—Gross loss carried to Profit Freight inward .. .. .. 84 5 3 and Loss Account .. .. 568 14 3 £59,582 3 5 £59,582 3 5 Profit and Loss Account for Year ended 31st March, 1927. £ s. d. £ s. d. To Trading Account —Gross loss for year 568 14 3 By Balance—Net loss for year carried Freights outward .. .. .. 423 311 down .. .. .. .. 5,759 3 1 General expenses .. .. .. 916 3 Cables, &c. .. .. .. 19 9 1 Sacks and gum-cases .. .. 273 8 1 Fire insurance .. .. .. 170 8 8 Printing and stationery .. .. 22 12 3 Depreciation .. . . .. 50 2 6 Travel ling-expenses .. .. 2 4 11 Rent ' .. .. .. 500 0 0 Salaries .. .. .. .. 536 7 10 Debenture interest .. .. 3,101 5 4 £5,759 3 1 £5,759 3 I To Balance—Loss carried forward from £ s. d. By Balance—Accumulated loss to 31st. £ s. d. previous years .. .. .. 17,478 9 0 March, 1927 .. .. .. 23,237 12 I Net loss for year brought down .. 5,759 3 1 £23,237 12 1 £23,237 12 1 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. j Assets. £ s. d. Loan Account— .. I Land at face-works and elsewhere, with Debentures issued .. .. .. 75,000 0 0 building, fences, and improvements .. 5,046 15 0 Crown Land Account . . . . 500 0 0 Vacuum-tank, fittings, and plant, and Consolidated Fund (net) .. .. 5,000 0 0 royalty short workings .. .. 2,900 610 Sundry creditors for supplies, &c. .. 270 14 9 Plant and store fittings .. .. 150 13 1 Sundry creditors for gum-purchases .. 48 17 2 Tools, Auckland and depots .. .. 28 18 4 Sundry creditors for miscellaneous .. 184 11 8 Live and dead stock .. .. .. 34 11 9 Consolidated Fund, for interest paid on Furniture and office fittings .. .. 77 611 debentures .. .. .. 6,422 17 8 Sacks, gum-cases, &c. .. .. 283 13 6 Interest accrued but not due on debentures 1,262 13 5 Charges paid in advance .. .. 87 3 5 Reserve Account .. .. .. <>17 13 10 Gum on hand .. .. .. 53,152 17 0 Gum on consignment .. .. 782 17 2 Sundry debtors, miscellaneous .. 64 2 8 Advances on gum .. .. .. 477 14 5 Investment in Public Debt Redemption Fund at 31st March, 1927 .. .. 617 13 10 Profit and Loss Account .. .. 23,237 12 1 Cash in Public Account at 31st March, 1927 2,365 2 6 £89,307 8 6 £89,307 8 6 H. J. Lowe, Kauri-gum Superintendent. 1 hereby certify that the statements of Receipts and Payments, Trading, and Profit and Loss Accounts, and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit and correctly state the position as disclosed thereby. The following comments are appended : (1) The value of stocks on hand has been accepted on the certificate of the Kauri-gum Superintendent. (2) In the absence of statutory authority the account has not been charged with any portion of the amount paid by the Consolidated Fund for the redemption of the loans raised for the purposes of this account. —J. H. Fowler, Deputy Controller and Auditor General. Note. —No profits have been earned in respect of this account against which a charge for debtredemption pould in any case be made,—J, EL O'Donnell, Controller of Accounts.

58

B. 1 ;PT. IV. Sup.] .

LABOUR DEPARTMENT. Income and Expenditure Account f0» the Year ended 31st March, 1927. Expenditure. £ s. d. ! Income. £ s. rl. To Salaries, agents' allowances, and overtime .. 40, 870 14 8 By Penalties imposed l)y the Court ill actions Travelling allowances and expenses .. .. 7,345 18 0 j brought for breaches of awards and certain Motor-car, motor-cycle, and bicycle mainten- | sections of the Industrial Conciliation and ance and repairs .. .. .. 1,133 14 1 Arbitration Act, 1925, and the Apprentices Fees payable to assessors on Conciliation Act, 1923 .. .. .. .. 524 2 0 Councils .. .. .. .. 1,482 11 3 Sale of departmental publications .. .. 318 2 0 Advertising, supply of newspapers, &c. 618 14 7 Factory registration fees .. .. .. 3,915 2 0 Freight, cartage, and transport charges 131 1 7 Servants'registry-office license fees .. .. 34 10 0 Heating and lighting of offices .. .. 180 17 1 Weights and measures verification fees .. 5,989 12 10 Law-costs . . .. .. . . 60 10 3 Sale of scales, &c., seized under Weights and Postage, telegrams, telephone services, &c. .. 2,078 14 4 j Measures Act .. .. .. .. 10 0 Printing, stationery, office requisites and typo- 1 Rent of buildings .. .. . . 78 4 0 writer repairs .. .. .. .. 2,879 J8 6 Excess of expenditure over income before Kent and rates on office accommodation .. 3,581 16 5 charging interest, carried down .. .. 51,015 4 5 Commission on sale of publications . . .. 61 8 10 Rates on property and repairs to buildings .. 9 6 0 j Miscellaneous expenses .. .. .. 7 19 9 Provision for depreciation of assets .. .. 1,333 0 8 Bad debts .. .. .. .. 99 11 3 £61,875 17 3 £61,875 17 3 £ s. d. £ s. d. To Excess of expenditure over income before By Excess of expenditure over income .. .. 51,674 1 3 charging interest (brought down) .. .. 51,015 4 5 Interest on capital .. . . .. 617 1 10 Penalties, &c., imposed in previous years remitted .. .. .. .. 41 15 0 £51,674 1 3 ; £51,674 1 3 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, 1926. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. Capital Funds—Liability to Treasury on Capital Cash — £ s. d. £ s. d. Account .. ' .. .. .. 13,713 2 7 In hand .. .. .. 016 0 Sundry creditors—Sundry unpaid accounts .. 2,272 7 8 Deposit Accounts .. .. 233 9 2 Factory registration fees paid in advance .. 5 2 0 234 5 2 Deposits .. .. .. . • •. 233 9 2 Official stamps .. .. . . .. 106 19 4 Reserve for bad and doubtful debts .. .. 266 15 9 Sundry debtors .. .. .. .. 766 12 7 Depreciation reserves .. .. ... 4,621 911 Office furniture, fittings, and typeTreasury Adjustment Account .. .. 47,142 8 2 writers .. .. .. 5,928 10 3 Purchased .. .. .. 406 5 0 6,334 15 3 Sold and destroyed .. .. 212 17 11 6,121 17 4 Motor-cars, motor-cycles, and bicycles .. .. .. 2,775 4 3 Purchased .. .. 1,398 15 5 4,173 19 8 Sold . . .. . . 810 0 5 3,363 19 3 Library .. .. .. 1,190 4 I Additions .. .. .. 22 19 5 1,213 3 6 Land and buildings .. .. .. .. 920 0 0 Standard weights and measures . . 2,899 4 0 Purchased .. .. . . 246 2 7 3,145 6 7 Destroyed .. .. .. 10 14 2 3,134 12 5 Printed forms, stationery, and supplies on hand . . 293 14 6 Subscriptions and other payments in advance .. 425 9 11 Excess of expenditure over income .. .. 51,674 1 3 Writing-off Suspense Account—Property .. .. .. 755 17 5 Debtors .. .. .. 98 0 3 853 17 8 Less reserves.. .. .. 853 17 8 £68,254 15 3 £68,254 15 3 4th July, 1927. F. W. Rowley, Secretary of Labour. I hereby certify that the Income and Expenditure Account "and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. — G. F. C. Campbell, Controller and Auditor-General.

59

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

LAND ASSURANCE FUND. Revenue Account for the Year ended 31st March, 1927. £ s. d. | Expenditure under the Land Transfer Act, 1915— £ s. d. Accumulated Fund as at 31st March, 192(3 .. 81,267 11 11 Claim admitted under section 188 .. .. 5 5 0 Interest on investments .. .. .. 3,271 15 3 Appropriation under section 18, Finance Act, 1924, for expenses of compulsory registration of titles .. .. .. .. . . 3,000 0 0 Accumulated Fund as at 31st March, 1927 .. 81,534 2 2 £84,539 7 2; " £84,539 7 2 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. ! Assets. £ s. d. Accumulated Fund as at 31st March, 1927 .. 81,534 2 2 ; Investments .. .. .. .. 76,400 0 0 Interest accrued on investments . . .. 481 19 5 Cash in the Public Account .. .. .. 4,652 2 9 £81,534 2 2 ; £81,534 2 2 21st September, 1927. A. D. Park, F.1.A.N.Z., 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. LAND AND DEEDS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March," 1927. Expenditure. £ s. d. Income. £ s. d. To Advertising .. .. .. .. 664 310 By General fees .. .. .. .. 97,991 911 Draughtsmen's work .. .. .. 15,459 15 3 Compulsory-titles fees .. .. .. 0,843 15 0 Travelling and transfer expenses .. .. 626 I 1 Income-tax registration .. .. .. 353 1 2 Office-cleaning .. .. .. .. 74 19 5 Land Assurance Fund .. .. .. 3,000 0 0 Binding .. .. .. .. 489 9 3 Salaries .. .. .. .. 43,137 16 8 Postage and telephones .. .. .. 628 210 Fuel and light .. .. .. .. 372 14 5 Freight and cartage .. .. .. 33 16 10 Rent .. .. .. .. .. 8,337 4 ' 0 Solicitors' admission fees ~ .. .. 23 0 0 Law-costs .. .. . . .. 7 17 0 Office equipment .. .. .. .. 2,579 19 11 Depreciation .. . . . . . • 1,027 6 4 Balance .. .. •• 34,725 19 3 £108,188 6 I £108,188 6 I f- s. d. £ s. d. To Interest on capital .. .. .. 609 8 0 By Balance .. .. .. .. 34,725 19 3 Balance 34,116 11 3 £34,725 19 3 £34,725 19 3 Notes.—The following charges are included for which the Department possesses no parliamentary appropriation : (a) value as assessed by Public Works Department; (b) interest at 4J per cent, on capital as at Ist April, 1926. Depreciation has been allowed for on balances of assets as at Ist April, 1926, the total charge being carried to Depreciation Reserve. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital as at Ist April, 1926 .. .. .. 13,542 511 Salaries paid in advance .. .. .. 63 15 0 Sundry creditors .. .. .. .. 871 13 8 £ s. d. Depreciation Reserve .. .. .. 4,823 8 9 Furniture .. .. .. 11,210 15 3 Writing off Suspense .. .. .. 1,421 17 3 Additions .. ~ .. 3,589 9 7 Balance .. .. .. •• 34,116 11 3 — 14,800 4 10 Less transfers .. .. 129 15 0 14,670 9 10 Mechanical appliances .. 1,865 I 8 Additions .. .. .. 287 0 3 2,152 1 11 Library .. .. .. .. .. 466 9 0 Treasury Adjustment Account .. .. 37,423 1 1 £54,775 16 10 £54,775 16~10 21st September, 1927. 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.

60

B.—l [PT. IY, SUP.]

LAND FOR SETTLEMENTS ACCOUNT (DISCHARGED SOLDIERS SETTLEMENT ACCOUNT). Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. ! Payments. £ s. d. To Balance at Ist April, 1926 — £ s. d. £ s. d. ; By Acquirement of estates .. .. .. 603 11 11 Cash in Public Account .. 20,414 14 8 j Administration expenses .. .. .. 1,710 13 3 Imprests outstanding .. 858 7 10 i Expenditure under section 20 (4), Discharged Investment Account .. 50,000 0 0 | Soldiers Settlement Amendment Act, 1923, 71,273 2 6 i in respect of amount added to capital value 54 0 0 Receipts— ' Land for settlement of discharged soldiers—Rents, &c. .. .. .. .. 71,835 12 6 ! Vote " Expenses" .. .. .. 2,658 1 I Sales.. .. .. .. .. 3,566 18 3 i Mount Pisa Estate .. .. .. 168 4 3 Interest on sales .. .. .. 431 1 11 Road access, &c., to settlements .. .. 5,468 9 1 Miscellaneous .. .. .. .. 238 0 1 Refunds of revenue .. .. .. 573 7 9 Section 49 (2), (3), Land for Settlements Act, j Public Revenues Act, 1926, section 40— 1925—Amount received in respect of | Temporary transfers to other accounts .. 20,000 0 0 settlement land converted into national- Balance at 31st March,l927 —• £ s. d. endowment land .. .. .. 54 0 0 Cash in Public Account .. 23,273 11 6 Mount Pisa Estate .. .. .. 225 17 4 Investment Account .. 95,000 0 0 Interest on securities and investments .. 1,885 6 3 j 118,273 11 6 £149,509 18 10 I £149,509 18 10 Revenue Account fop. the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. .. 1,759 4 8 By Accrued rents, &c. .. .. .. 85,428 9 2 Improvements to settlements (Vote Ex- Interest on sales.. .. .. .. 86 12 6 penses) .. .. .. .. 2,621 3 1 Interest on investments .. .. .. 2,894 4 4 Interest on loans .. .. .. 132,043 5 9 Balance carried down .. .. .. 64,261 1 7 Irrecoverable rents .. .. .. 5,597 1 1 Loss on working of estates .. .. 183 16 6 Losses under Deteriorated Lands Act, 1925 — £ s. d. Reduction in value of land 1,988 11 2 Rents written off .. 226 15 6 2,215 6 8 Miscellaneous expenses .. .. .. 65 4 0 Rebates .. .. .. .. 4,648 19 8 Remissions of rents, &c. .. .. .. 3,536 6 2 £152,670 7 7 £152,670 7 7 £ s - d. _ £ s. d. To Balance brought down .. .. .. 64,261 1 7 By Balance carried forward .. .. .. 289,351 17 1 Balance from previous years .. .. 225,090 15 6 £289,351 17 1 £289,351 17 1

61

B.—l [PT. IY, Sup.]

LAND FOR SETTLEMENTS ACCOUNT (DISCHARGED SOLDIERS SETTLEMENT ACCOUNT) —continued. Balance-sheet as at 31st March, 1927. Liabilities. Assets. Capital Account— £ s. d. £ s. d. Estates — £ s. d. £ s. d. Debenture issue .. 3,222,050 0 0 Leased.. .. .. 1,710,827 I 9 Crown lands in estates .. 5,441 0 0 Unieased .. .. 270,511 0 0 3,227,491 0 0 — 1,981,338 2 3 Sundry creditors — Unpaid purchase-price (not yet payable)— Interest due on loans— Land .. . . .. .. .. 9,229 6 2 Consolidated Fund .. 466,229 7 6 Buildings .. .. .. ~ 75,637 19 8 Due and unpaid .. 357 9 4 Mount Pisa Estate—Chattels, machinery, &c... 287 2 0 466,586 16 10 Sundry debtors — £ s. d. Interest accrued but not due on loans .. 11,067 19 7 Rents, &e. .. .. 39,155 15 4 Miscellaneous .. .. .. 5,692 11 10 Less reserve for irrecover--I'ayments in advance — able rents .. .. 1,500 0 0 Rents .. 886 0 9 : 37,655 15 4 Principal instalments oil buildings .. 108 12 8 Principal instalments on buildings .. .. 1,953 14 5 Principal instalments on sales of land .. 387 3 0 Principal instalments on sales of lands .. 169 18 0 Amounts charged in advance— Interest on sales of land . . . . .. 139 4 6 Rents .. .. .. •• 20,372 13 2 Interest on purchase-price, Mataikona Estate .. 24,060 9 9 Interest .. .. •• •• 70 0 0 Interest on investments .. .. .. 659 II 10 Reserve .. .. .. •• 27,175 1 8 Miscellaneous .. .. .. .. 236 18 2 Reserve for unexpended loading for roads, 90,522 0 0 Bills receivable—Glencoe Settlement Drains Writings-off in Suspense Account .. .. 8,851 8 5 Account .. .. .. .. 470 0 0 Postponements outstanding— Rent .. .. .. .. .. 46,593 10 I Principal instalments on buildings.. .. 1,060 12 9 Interest on sales.. .. .. .. 129 2 10 Buildings Suspense .. .. .. 550 0 0 Sundry debtors outstanding (amounts accrued but not due) — Interest on sales of land .. .. .. 118 18 Interest on investments .. .. .. 417 2 5 Losses in Suspense Account .. .. 8,851 8 5 Depreciation in land-values, &c. .. .. 115,362 14 11 I Revaluation Board determinations, &.c, — £ s. d. Reduction in value of land 889,687 4 1 Reductions in value of buildings .. .. 11,901 17 10 Rents written off .. 134,535 9 1 Remissions .. .. 57,393 10 8 Revaluation Committee expenses .. .. 5,972 0 10 1,099,490 2 6 Revenue Account .. .. .. .. 289,351 17 1 Investment Account — Temporary transfer in terms of Public Revenues Act, 1926, section 40 .. .. 20,000 0 0 Cash in Public Debt Redemption Fund .. 27,175 1 8 £ s. d. Cash in Public Account .. 23,273 11 6 Investments Account .. 95,000 0 0 118,273 11 6 £3,859,211 7 11 £3,859,211 7 11 W. Robertson, Assistant Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Revenue Account and Balance - sheet have been duly examined and compared with the relative books and accounts submitted for audit, and found to agree. The following comments are appended : (1) The accounts have been compiled from unaudited journal entries of the various Land Boards pending the completion of the local examination by the Audit Inspectors. (2) The accounts do not include a charge for any portion of the Government subsidy to the Superannuation Fund.—G. F. C. Campbell, Controller and Auditor-General.

62

B.—l [PT. IV, SUP.] .

LANDS AND SURVEY DEPARTMENT. CLUTHA RIVER TRUST ENDOWMENT ACCOUNT. Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Amount paid to trustees of the Clutha River By Balance brought forward from previous year .. 11l 11 5 Trust under section 128 of the River Boards Accrued rent .. .. .. .. 1,121 1 7 Act, 1908 .. .. .. .. 1,138 1 6 Balance carried forward .. .. .. 94 11 6 £1,232 13 0 £1,232 13 0 Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. £ s. d. j Payments. £ s. d. To Cash in Local Bodies Deposit Account of the ; By Amount paid to trustees of the Clutha River Receiver of Land Revenue, Dunedin, at Ist | Trust under section 128 of the River Boards April, 1926 .. . . .. .. 106 5 2 Act, 1908 .. .. .. ..1,138 1 6 Rents .. .. .. .. .. 1,090 13 0 | Balance, 31st March, 1927, in the Local Bodies Deposit Account of the Receiver of Land Revenue, Dunedin . . .. .. 58 16 8 £1,196 18 2 ! £1,196 18 2 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. | Assets. £ s. d. Capital .. .. .. .. ..27,398 4 2! Endowment lands .. .. .. .. 27,398 4 2 Rents charged in advance .. .. .. 467 9 0 : Sundry debtors for rent .. .. .. 503 3 10 Revenue Account—Balance carried forward .. 94 11 6 Cash in Local Bodies Deposit Account of the Receiver of Land Revenue, Dunedin .. 58 16 8 £27,960 4 8 I £27,960 4 S J. B. Thompson, Under-Secretary for Lands. 19th May, 1927. J. If. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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. G. Campbell, Controller and Auditor-General. GERALDINE COUNTY RIVER DISTRICT ACCOUNT. Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s . d. To Payments to the Geraldine County River Board By Balance brought forward from previous year .. 36 13 4 under section 7of Geraldine County River Accrued rent .. .. .. .. 2.11 211 District Act, 1921-22 .. .. .. 216 19 5 Deduction on account of management expenses.. 5 11 3 Balance carried forward .. .. .. 45 5 7 £267 16 3 £267 16 3 Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. £ s. d. j Payments. £ s. d. To Cash in the Local Bodies Deposit Account of the j By Amount paid to the Geraldine County River Receiver of Land Revenue, Christchurch, at Board under the Geraldine County River Dislst April, 1926 .. .. .. .. 106 1 8 1 trict Act, 1921-22 .. '.. .. 216 19 5 Rents .. .. .. .. .. 234 0 7 Amount paid to the Consolidated Fund on account of management expenses .. .. .. 5 113 Balance —Cash in the Local Bodies Deposit Account of the Receiver of Land Revenue, Christchurch .. .. .. .. 117 14 7 £340 5 3 £340 5 3 Balance-sheet as at 31st March; 1927. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 5,774 6 8 Land .. .. ... .. 5,774 6 8 Sundry creditors for rents paid in advance .. 118 3 Cash in Local Bodies Deposit Account of the Rents charged ill advance .. .. .. 70 10 9 Receiver of Land Revenue, Christchurch .. 117 14 7 Revenue Account—Balance carried forward .. 45 5 7 £5,892 I 3 £5,892 1 3 J. B. Thompson, Under-Secretary for Lands. 19th May, 1927. J. H. O'Donne.ll, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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.

63

B.—l [PT. IY, SUP.] .

LANDS AND SURVEY DEPARTMENT—continued.. GORE HIGH SCHOOL ENDOWMENT ACCOUNT. Revenue Account fob the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Balance brought forward from previous yeftr .. 16 5 0 By Accrued rent.. .. .. .. 65 0 0 Amount paid to Board of Governors of Gore High Balance carried forward .. .. ..1650 School under section 89 of Reserves and other Lands Disposal and Public Bodies Empowering Act, 1919 .. .. .. .. .. 65 0 0 £81 5 0 £81 5 0 Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. £ s. d, j Payments. £ s. d. To Rents .. .. .. .. 65 0 0 i By Payment to Board of Governors of Gore High School under section 89 of Reserves and other Lands Disposal and Public Bodies Empowering Act, 1919 .. .. .. .. 65 0 0 £65 0 0 j £65 0 0 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. 1,300 0 0 Endowment land .. .. .. .. 1,300 0 0 Rents charged in advance .. .. .. 16 5 0 Revenue Account —Balance carried forward .. 16 5 0 £1,316 5 0 £1,316 5 0 W. Robertson, Assistant Under-Secretary for Lands. 20th June, 1927. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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.—Gr. P. C. Campbell, Controller and Auditor-General. GREYMOUTH TECHNICAL AND HOKITIKA HIGH SCHOOLS ACCOUNT. Revenue Account for the Year ended 31st March, 1927. Dr. Cr. £ s. d. To Payment to Hokitika High School under section 15, £ s. d. By Rents .. .. .. .. 115 1 3 Hokitika High School Act, 1883 .. .. 56 2 1 Royalties .. .. .. .. .. 15 5 1 Payment to Greymouth Technical School under Miscellaneous .. .. .. .. 16 5 0 section 49, Reserves and other Lands Disposal and Public Bodies Empowering Act, 1925 -.. 56 2 1 Balancc carried down . . .. .. 34 7 2 £146 11 4 £146 11 4 £ s. d. £ s. d. To Adjustment on account of previous year .. 010 0 By Balance brought down .. .. .. 34 7 2 Balance carried forward .. .. .. 82 13 4 Balance brought down from previous year .. 9 4 1 Recovery of management expenses erroneously deducted in previous years .. .. .. 39 12 1 £83 3 4 £83 3 4 Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. Payments. To Balance —Cash in Treasury Deposit Account, Ist £ s. d. By Payments to Hokitika High School under sec- £ s. d. April, 1926 .. . . .. .. 45 6 4 tion 15, Hokitika High Schools Act, 1883 .. 56 2 I Miscellaneous fees, &c. . . .. . . 18 10 0 Payment to Greymouth Technical School under Rents .. . . .. . . .. 103 5 6 section 49, Reserves and other Lands Disposal Royalties .. .. .. .. .. 15 5 7 and Public Bodies Empowering Act, 1925 .. 56 2 1 Recovery of management expenses erroneously Balance—Cash in Treasury Deposit Account, deducted in previous years .. .. .. 39 12 1 31st March, 1927 .. .. .. .. 109 15 4 £221 19 6 £221 19 6 Balance-sheet as at 31st March, 1027. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 10,144 0 0 Land— £ s. d. £ s. ft Royalty paid in advance .. .. .. 0 16 Leased .. .. .. 2,480 0 0 Rents charged in advance .. .. .. 52 13 9 Unlet .. .. .. 7,664 0 0 Revenue Account .. .. .. .. 82 13 4 10,144 0 0' Sundry debtors for rent .. .. . . 25 13 3 Cash in Deposit Account, Treasury .. 109 15 4 £10,279 8 7 £10,279 8 7 W. Robertson, Assistant Under-Secretary for Lands. 20th June, 1927. J. H. O'Donnell. Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, Fevenue 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. The following comment is appended : The departmental figures have been accepted pending the completion of the local examination by the Westland Audit Inspector. —C. F. C. Campbell, Controller and Auditor-General.

64

65

B.—l [PT. IV, Sup.]

LANDS AND SURVEY DEPARTMENT—continued. HUNTER SOLDIERS' ASSISTANCE TRUST ACCOUNT. Revenue Account fob the Year ended 31st March, 1927. Dr. £ s. d. j Cr. £ s. d. To Administration expenses .. .. .. 32 14 2By Accrued rents .. .. .. .. 801 0 0 Rebates .. . • • ■ • • ••72 13 6 Interest on investments .. .. .. 123 14 6 " Thirds " and " fourths " .. .. .. 94 17 7 Balance .. .. •. . • .. 724 9 3 £924 14 6 j £924 14 6 Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. Payments. £ s. d. To Balance at Ist April, 1026 — £ ,s.d.£s. d. By Administration expenses .. .. 32 14 2 Cash in Public Account .. 334 511 " Thirds" and " fourths" paid to local bodies 94 17 7 Investment Account .. 2,750 0 0 Balance at 31st March, 1927— £s. d. 3,084 5 11 Cash in Public Account .. 684 8 11 Rents .. .. •• •• 654 1 6 Investment Account .. 3,050 0 0 Interest on securities held by Investment Account 123 13 3 ——■ 3,734 811 £3,862 0 8. ' £3,862 0 8 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. •• 21,431 12 2 1 Land endowed by Sir George Hunter .. .. 17,800 0 0 Rents charged in advance .. .. .. 200 50 , Postponed rent .. .. .. .. 791 6 0 Revenue Account .. .. .. .. 724 93 j Sundry debtors for interest on investments (accrued but not due) .. .. .. .. 30 11 6 £ s. d. i Cash in Public Account .. . . 084 8 11 Investment Account .. 3,050 0 0 3,734 8 11 £22,356 6 5 , £22,356 (i 5 W. Robertson, Assistant Under-Secretary for Lands. 20th June, 1927. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, Bevenue 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. MOUMAHAKI ENDOWMENT ACCOUNT.

Revenue Account fob the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Expenditure in connection with agricultural By Balance brought forward .. .. 1,456 16 11 instruction under section 130 (3), Reserves Accrued rent and interest on buildings .. 1,777 10 6 and other Lands Disposal and Public Bodies Empowering Act, 1924 .. .. 839 7 5 Balance carried forward .. .. .. 2,395 9 0 £3,234 16 5 £3,234 16 5 Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. Payments. £ s. d. To Balance of cash in Deposits Account as at By Refunds of rent .. .. .. 123 9 8 Ist April, 1926 — £ s. d. £s. d. Expenditure in connection with agricultural Revenue .. •• 1,693 10 10 instruction under section 130 (3), Reserves Capital .. • ■ 689 7 4 and other Lands Disposal and Public Bodies 2,382 18 2 Empowering Act, 1924 .. .. 839 7 5 Rent and interest on buildings .. .. 1,079 17 8 Balance—Cash in Treasury Deposit Account Principal instalments on buildings .. 43 14 oas at 31st March, 1927 — £s. d. Revenue .. .. 1,810 11 5 Capital .. .. 733 1 4 2,543 12 9 £3,506 9 10 £3,506 9 10 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. ■■ •• 36,247 14 8 Land—Capital value of leases .. .. 33,780 0 0 Rents charged in advance .. .. .. 444 1 5 Sundry debtors, sale of buildings (not yet payable) 1,678 8 3 Revenue Account surplus .. .. .. 2,395 9 0 Sundry debtors for principal instalment on buildings . . .. .. . . 66 5 1 Sundry debtors for rent .. .. .. 1,028 19 0 Cash in Treasury Deposit Account at 31st March, 1927— £ s. d. Revenue Account ... 1.810 11 5 Capital Account . . . . 733 I 4 2,543 12 9 £39,087 5 1 ! £39.087 5 1 J. P). Thompson, Under-Secretary for Lands. 18th May. 1927. J- H. O'Donnell, Controller of Accounts.

I hereby certify that the Statement of Receipts and Payments, 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. The following comment is appended : The departmental figures have been accepted pending the completion of the local examination by the Wellington Audit Inspector. G. I'. C. Campbell, Controller and Auditor-General.

9—B. 1 [PT. IV, SUP.] .

B.—l [PT. TV, Sup.] .

LANDS AND SURVEY DEPARTMENT—continued. NEW ZEALAND UNIVERSITY ENDOWMENT, WESTLAND ACCOUNT. Revenue Account foe the Year ended 31st March, 1927. Dr. £ s. d. Gr. £ s. d. To Balance transferred to Capital Account .. ..0100 By Accrued rent .. .. .. 510 0 Interest accrued on investments .. .. 85 10 0 £91 0 0 £91 0 0 Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. Payments. To Balance, Ist April, 1926— £ s. d. £ s. d. By Balance— £ s. d. Cash in Treasury Deposit Account 95 2 11 I Cash in Treasury Deposit Account .. 186 3 5 Cash on investments .. 1,900 0 0 ! Cash on investment .. .. .. 1,900 0 0 1,995 2 11 Rents .. .. .. .. .. 5 10 6 Interest on investments .. .. .. 85 10 0 £2,086 3 5 : £2,086 3 5 Balance-sheet as at 31 st March, 1927. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Capital as at Ist April, 1926 .. 2,127 6 6 Land .. .. .. .. .. 110 0 0 Add surplus for year .. .. 91 0 0 Interest accrued on investments .. .. 24 15 7 2,218 6 6 £ s. d. Rents charged in advance .. .. .. 212 6 Cash in Treasury Deposit Account 186 3 5 Cash on investment .. 1,900 0 0 ■ 2,086 3 5 £2,220 19 0 £2,220 19 0 W. Robertson, Assistant Under-Secretary for Lands. 20th June, 1927. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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. The following comment is appended : The departmental figures have been accepted pending the completion of the local examination by the Westland Audit Inspector. —G. F. C. Campbell, Controller and Auditor-General. NORTH ISLAND EXPERIMENTAL DAIRY SCHOOL ACCOUNT. Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. _ £ s. d. To Balance carried forward from 31st March, 1927 7,537 12 5 By Balance carried forward, Ist April, 1926 .. 7,292 12 5 Accured rent .. .. .. , 245 0 0 £7,537 12 5 £7.537 12 5 Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. £ s. d. Payments. £ s, To Balance in Deposit Account, Treasury, at By Balance in Deposit Account, Treasury .. 7,588 5 11 Ist April, 1926 .. .. .. .. 7,343 5 11 Rents .. .. .. .. .. 246 0 0 £7,588 5 11 £7,588 5 11 Balance-sheet as at 31st March, 1927. Liabilities, £ s. d. ; Assets. £ s. d. Capital .. .. .. .. .. 4,900 0 0 I Land .. .. .. .. 4,900 0 0 Rents charged in advance .. .. .. 61 5 0 J Sundry debtors for rent .. .. .. 10 11 6 Revenue Account— £ s. d. ! Cash in Deposit Account, Treasury .. .. 7 588 511 Balance, Ist April, 1926 .. .. 7,292 12 5 Surplus for year .. .. 245 0 0 7,537 12 5 £12,498 17 5 £12,498 17 5 W. Robertson, Assistant Under-Secretary for Lands. 23rd May, 1927. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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. The following comment is appended : The departmental figures have been accepted pending the completion of the local examination by the Taranaki Audit Inspector. —G. F. C. Campbell, Controller and Auditor-General.

66

B,—l [Pt. IV, SUP.J.

LANDS AND SURVEY DEPARTMENT—continued. OTAGO UNIVERSITY ENDOWMENT ACCOUNT. Receipts and Payments Account for the year ended 31st March, 1927. Receipts. £ s. d. Payments. £ s. d. To Cash in hand, 31st March, 1927— ! By Deductions for loans under section 47, Land for In the Local Bodies' Deposit Settlements Act, 1925 .. .. .. 120 14 8 Account of the Receiver of Administration expenses . . .. .. 175 12 4 Land Revenue at— .. £ s. d. Repayment to Consolidated Fund on account of Dunedin .. .. 1,968 8 0 amount paid for compensation for improveInvercargill .. .. 659 8 6 ments .. .. .. .. . . 69 6 0 2,627,16 6 Amount paid to Otago University Council under Rents .. .. .. .. 7,083 19 10 section 118 (1) of Reserves, &c., Act, 1917 .. 6,860 4 4 Royalties .. .. .. .. 919 4 Amount paid to Dunedin Athenaeum under Otago Museum Aet, 1877 .. .. .. 87 16 0 Cash in hand, 31st March, 1927— In the Local Bodies' Deposit Account of the Receiver of Land revenue at— £ s. d. Dunedin .. .. 1,848 8 4 Invercargill .. .. 559 14 0 2,408 2 4 £9,721 15 8 £9,721 15 8 Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d To Administration expenses .. .. .. 177 5 7 By Accrued rent .. .. .. .. 6,364 10 8 Deductions for loans under section 47, Land for Accrued royalties .. .. .. .. 9 19 4 Settlements Act, 1925 .. .. .. 120 14 S Balance carried down .. .. .. 940 16 7 Amount paid to Otago University Council under section 118, Subdivision I, of Reserves and other Lands, &c., Act, 1917 .. .. 6,860 4 4 Amount paid to the Dunedin Athenaeum under Otago Museum Act, 1877 .. .. 87 16 0 Reserve Account —Appropriation of revenue for amounts repaid to Consolidated Fund on account of compensation for improvements .. 69 6 0 £7,315 6 7 £7,315 6 7 £ s. d. £ s. d. To Balance brought down .. .. .. 940 16 7 By Balance brought down from previous year .. 2,364 11 10 Balance carried forward .. .. .. 1,423 15 3 £2,364 11 10 £2,364 11 10 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 156,416 0 0 Endowment land .. .. .. .. 154,551 0 0 Sundry creditors—Miscellaneous .. .. 113 3 Sundry debtors for rent .. .. .. 1,949 12 7 Consolidated Fund—For compensation paid for Rent postponed .. . . .. . . 103 13 0 improvements effected by lessee on endowment Sundry debtors for unpaid purchase price of buildland .. .. .. .. .. 659 5 0 ings (not yet due) .. .. .. .. 448 12 6 Rents charged in advance .. .. .. 3,031 1 0 Sundry debtors for principal instalments on Revenue Account —Balance carried forward .. 1,423 15 3 buildings.. .. .. .. .. 37 12 1 Reserve Account .. .. .. .. 153 0 0 Dominion Board determinations — Reduction in value of land .. .. .. 1,865 0 0 Rents written off .. .. .. .. 261 2 0 Remissions .. .. .. .. 60 0 0 Cash in hand, 31st March, 1927— In the Local Bodies' Deposit Account of the Receiver of Land Revenue at— £ s. d. Dunedin .. .. .. 1,848 8 4 Invercargill .. .. 559 14 0 2,408 2 4 £161,684 14 6 £161,684 14 6 J. B. Thompson, Under-Secretary for Lands. 13th July, 1927. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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. P. C. Campbell, Controller and Auditor-General.

67

B.—l [PT. IV, Sup.] .

LANDS AND SURVEY DEPARTMENT —continued. PRIMARY-EDUCATION ENDOWMENT DEPOSITS ACCOUNT. Revenue Account fob the Year ended 31st March, 1927. Dr. £ s. d. I Cr. s. d. To Loan repayments under section 47, Land for ! By Accrued rents, &c. .. . . .. 117,769 17 11 Settlements Act, 1925 . . . . .. 341 2 0 Interest on cash and investments held by Interest under section 20, Discharged Soldiers Public Trustee (less commission).. .. 1,081 11 10 Settlement Amendment Act, 1923 .. 42 19 3 Miscellaneous receipts .. .. .. 9 4 0 Irrecoverable rents .. .. .. 770 15 1 Recovery of amount previously written oil .. 20 0 0 Administration expenses .. .. .. 5,797 16 5 Survey costs .. .. .. .. 297 15 3 Maintenance and repairs .. .. .. 279 4 8 Remissions of rent .. .. .. 471 4 3 Remissions and reductions of rent under the Deteriorated Lands Act, 1925 . . .. 868 18 3 Interest on payments from the Consolidated Fund under section 3, Education Reserves Amendment Act, 1924 . . . . .. 70 2 5 Balance—Surplus for year carried down .. 109,934 16 2 £118,880 13 9 £118,880 13 9 £ s. d. £ s. d. To Payments for primary-education purposes .. 109,259 10 1 j By Balance from previous years .. .. 2,458 0 5 Adjustments on account of previous years .. 10 1 0 Balance brought down .. .. .. 109,934 16 2 Balance .. .. .. .. 3,12356 £112,392 16 7 j £112,392 16 7 Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. £ s. d. Payments. £ s. d. To Balance in Deposit Account, Ist April, 1926 .. 7,492 15 1 By Payments for primary-education purposes .. 109,259 10 1 Rents under section 4, Education Reserves Administration expenses .. .. .. 5,974 6 7 Amendment Act, 1924 .. .. .. 115,040 10 8 Survey costs, &c. .. .. .. 281 18 9 Sales under section 4, Education Reserves Maintenance and repairs .. .. .. 264 9 4 Amendment Act, 1924 .. .. .. 1,616 7 10 Interest on payments from the Consolidated Interest on cash and investments held by Fund under section 3, Education Reserves Public Trustee .. .. .. 1,059 13 7 Amendment Act, 1924 .. .. .. 76 2 5 Purchase of land under section 3 (3), Education Reserves Amendment Act, 1914 .. 38 2 0 Refunds of revenue .. .. .. 263 17 1 Balance in Deposit Account, 31st March, 1927 9,051 011 £125,209 7 2 £125,209 7 2 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital including loading for roads, &c. .. 2,386,485 6 2 Endowment lands— £ s. d. Discharged Soldiers Settlement Account Leased .. .. 2,273,256 11 10 (merged interests under section 20, Dis- Unleased .. .. 73,755 12 6 charged Soldiers Settlement Amendment 2,347,012 4 4 Act, 1923) .. .. .. .. 466 5 4 Unpaid purchase-price (not yet payable)— Sundry creditors, miscellaneous .. .. 101 14 3 Land .. .. .. .. .. 1,020 0 6 Principal instalments under section 20, Dis- Buildings .. .. .. .. 5,239 18 7 charged Soldiers Settlement Amendment Act, Sundry debtors for— £ s. d. 1923 .. .. .. .. .. 9 5 5 Rents .. .. .. 18,530 13 1 Interest under section 20, Discharged Soldiers Less reserve for irrecoverable Settlement Amendment Act, 1923 .. 23 17 1 rents .. .. .. 200 0 0 Payments in advance — ' 18,330 13 1 Rents, &c. .. .. .. .. 101 611 Royalties .. .. .. .. 25 3 0 Buildings, principal instalments .. .. 28 18 6 Principal instalments on buildings .. .. 55 2 8 Rents, &c., charged in advance .. .. 23,530 10 9 Interest on cash and investments .. .. 25 11 10 Writings off in Suspense .. .. .. 1,222 19 1 Postponed rent .. .. .. .. 6,779 0 1 Revenue Account—Balance .. .. 3,123 5 6 Interest accrued but not due on investments 29 2 8 Outstanding Rents Suspense .. .. 1,222 19 1 Dominion Board determinations— £ s. d. Reductions in value of land .. 3,600 0 0 Rents written off .. 446 0 0 Remissions of rent .. .. 383 17 2 4,429 17 2 Investments held by Public Trustee.. .. 3,050 0 0 j Cash held by Public Trustee .. .. 18,822 15 1 Cash in Public Account .. .. .. 9,051 011 £2,415,093 9 0 j £2,415,093 9 0 J. B. Thompson, Under-Secretary for Lands. 3rd August, 1927. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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. The following comments are appended : — 1. In the case of the District Land Offices of North Auckland, Auckland, Taranaki, Gisborne, Wellington, Nelson, Marlborough, and Westland, the departmental figures have been accepted pending the completion of the local examinations by the Audit Inspectors. 2. The Capital Account includes the total amount for which the land was loaded for roading, &c., whereas the unexpended portion (if any) and liability to the Opening up Crown Lands Account should be shown separately. 3. In the opinion of the Audit Office, instalments of principal included in loan-repayments should not be a charge against the Revenue Account.—G. F. C. Campbell, Controller and Auditor-General.

68

B—l. [Pt. IV, SUP.I .

LANDS AND SURVEY DEPARTMENT—con,tinned. SECONDARY-EDUCATION ENDOWMENT DEPOSITS ACCOUNT. Revenue Account foe the Yeae ended 31st Maech, 1927. Dr. £ s. d. Or. £ s. d To Loan repayments (principal and interest) under By Accrued rents, &c. .. .. .. 10,218 12 8 section 47, Land for Settlements Act, 1925 34 11 10 Interest on cash held by' Public Trustee .. 37 8 7 Survey costs, &c... .. .. .. 29 0 11 Administration expenses .. .. .. 51331 Maintenance and repairs .. .. .. 10 6 8 Rotorua College and Grammar School .. 640 8 0 Interest on payments from the Consolidated Fund under section 3, Education Reserves Amendment Act, 1924 .. .. .. , 68 4 8 Balance, surplus for year, carried down .. 8,960 6 1 £10,256 1 3 j £10,256 1 3 £ s. d. £ s. d. To Payments to secondary schools .. .. 8,682 14 10 By Balance brought down .. .. .. 8,960 6 1 Balance.. .. .. .. .. 2,668 10 I Balance from previous year .. .. 2,390 810 Adjustment on account revenue wrongly debited in previous years .. .. 0 10 0 £11.351 4 11 £11,351 4 11 Receipts and Payments Account for Yeae ended 31st Maech, 1927. Receipts. £ s. d. ■ Payments. £ s. d. To Balance in Deposit Account, Ist April, 1926 .. 3,949 810 ! By Payments to secondary schools .. .. 8,682 14 10 Rents under section 4, Education Reserves Rotorua College and Grammar School .. 640 8 0 Amendment Act, 1924 .. .. .. 10,320 17 6 j Administration expenses .. .. .. 515 3 1 Sales under section 4, Education Reserves | Survey costs, &c. .. .. .. 25 17 11 Amendment Act, 1924 . . .. .. 14 14 0 i Maintenance and repairs .. .. .. 10 7 5 Interest on investments held by Public Trustee 29 9 5 Refunds of revenue .. .. .. 25 9 6 Balance in Deposit Account, 31st March, 1927 4,414 9 0 £14,314 9 9 j £14,314 9 9 Balance-sheet as at 31st Maech, 1927. Liabilities. £ s. d. Assets. £ s. d Capital, including loading for roads, &c, .. 186,524 16 1 Endowments lands— Appreciation in land-values .. .. .. 28,019 18 7 Leased .. .. .. .. .. 210,314 0 9 Sundry creditors— Unlet .. .. .. .. .. 4,913 76 Miscellaneous .. .. .. .. 10 6 3 Sundry debtors for — £ s. d. Rents paid in advance .. .. .. 9 19 6 Rent .. .. .. 1,248 14 2 Consolidated Fund—For compensation for im- Less reserve for irrecoverable provements and interest. . .. .. 2,089 9 4 rents .. .. .. 10 13 3 Rotorua College and Grammar School .. 3,842 8 0 1,238 0 11 Rents charged in advance .. .. .. 2,401 2 6 Miscellaneous . . .. .. .. 15 0 Revenue Account—Balance .. .. .. 2,668 10 I Remissions of rent by Revaluation Board .. 46 15 0 Overpayments to secondary schools .. .. 3,842 8 0 Cash held by Public Trustee .. .. .. 796 4 2 Cash in Public Account .. .. .. 4,414 9 0 £225,566 10 4 £225,566 10 4 J. B. Thompson, Under-Secretary for Lands. 9th July, 1927. , J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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. The following comments are appended — 1. In the case of the District Land Offices of North Auckland, Auckland, Taranaki, Gisborne, Wellington, Nelson, Marlborough, and Westland, the departmental figures have been accepted pending the completion of the local examinations by the Audit Inspectors. 2. The Capital Account includes the total amount for which the land was loaded for roading, &c., whereas the unexpended portion (if any) and liability to the Opening up Crown Lands Account should be shown separately. 3. In the opinion of the Audit Office, instalments of principal included in loan repayments should not be a charge against the Revenue Account.—G. F. C. Campbell, Controller and Auditor-General.

69

B.—l [PT. IV, SUP.]

LANDS AND SURVEY DEPARTMENT—continued. SCENIC RESERVES. Receipts and Payments Account foe the Year ended 31st March, 1927. Receipts. Payments. £ s. d. £ s. d. By Refunds of rent, &c. .. .. 710 0 To Rents, royalties, &c. .. .. 1,329 4 2 Refunds, timber royalties .. .. 141 ( J 13 Miscellaneous .. .. .. 102 13 9 I Scenery-preservation vote— £ s. d. Balance transferred to Treasury Adjust- Purchase of new reserves 2,681 8 1 meiit Account .. .. .. 2,608 9 7 Compensation for Native land taken .. 9 11 Expenditure on Trounson Kauri Forest .. 737 13 2 Expenditure on reserves 370 18 5 Board expenses . . 17 16 2 Miscellaneous expenditure .. .. 74 11 4 3,891 8 3 £4,040 7 6 £4,040 7 6 Revenue Account fob the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To Loan repayments (principal and interest) By Accrued rent .. .. .. 845 9 4 under section 47, Land for Settle- Accrued royalties .. .. .. 652 15 10 ments Act, 1925 .. .. 36 6 I Balance carried down .. .. 8,401 9 1 "Thirds" and "halves" .. .. 829 8 11 Rebates of rent .. .. .. 15 8 4 Irrecoverable rents .. .. 0 16 3 Administration of reserves, &c. . . 261 8 5 Expenditure in connection with Trounson Kauri Forest .. .. 484 0 7 Expenses of Scenery Preservation Board 17 16 2 Interest on capital invested in scenic reserves .. .. 8,254 9 6 £9,899 14 3 £9,899 14 3 £ s. d. £ s. d. To Balance brought down .. .. 8,401 9 1 By Balance, accumulated excess of charges Balance from previous year .. .. 12,228 15 4 over revenue .. .. .. 20,630 4 5 £20,630 .4 5 £20,630 4 5 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Capital at Ist April, 1926 183,432 16 10 Land—Scenic reserves .. .. 217,997 8 3 Capital expenditure dur- Buildings Account .. .. .. 180 0 0 ing year .. .. 3,017 0 6 Native Land Settlement Account—Land Reserve Account—Value purchased for exchange purposes .. 5,094 8 4 of Crown land set aside 38,700 10 11 Sundry debtors — 225,150 14 3 Rents .. .. .. .. 592 5 0 Treasury Adjustment Account .. 18,804 510 Royalties .. .. .. 10 6 Payments in advance— £ s. d. Miscellaneous .. . . .. 1 15 6 Rents .. .. .. 15 114 Postponed rent . . .. .. 208 3 6 Royalties .. . . 419 6 Remissions of rent by Revaluation Board 174 0 0 20 10 10 Outstanding Rent Suspense Account .. 216 3 Sundry creditors .. .. .. 50 0 0 Revenue Account —Accumulated excess of Discharged Soldiers Settlement Account — charges over revenue .. .. 20,630 4 5 Section 20, Discharged Soldiers Settlement Amendment Act, 1923 .. 635 0 0 Rents charged in advance .. .. 218 14 7 Writings-off in suspense .. .. 2 16 3 £244,882 1 9 £244,882 1 9 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Receipts and Payments Account, Revenue Account, and Balance-sheet Lave been duly examined and compared with the relative books and documents submitted for audit and correctly state the position as disclosed thereby. The following comments are appended:— 1. In the case of the District Land Offices of North Auckland, Auckland, Taranaki, G-isborne, Hawke's Bay, Wellington, Nelson, Marlborough, and Westland the departmental figures have been accepted pending the completion of the local examination by the Audit Inspectors. 2. There is no statutory authority for recouping the account for the land purchased for exchange purposes which under section 25 of the Reserves and Other Lands Disposal Act, 1925, is available for disposal as Crown lands, the proceeds to be paid to the Native Land Settlement Account. J. H. Fowler, Deputy Controller and Auditor-General.

70

B.—l [PT. IY, Sup.] .

LANDS AND SURVEY DEPARTMENT—continued. TARANAKI SCHOLARSHIPS ENDOWMENT ACCOUNT. Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To Payments to the Public Trustee in terms of section By Balance brought forward .. .. .. 247 18 3 22, New Zealand University Amendment Act, Accrued rent .. .. ~ .. 989 15 0 1914 .. .. .. .. .. 989 15 0 Balance carried forward .. .. .. 247 18 3 £1,237 13 3 £1,237 13 3 Receipts and Payments Account for the Year, ended 31st March, 1927. Receipts. £ s, d. j . Payments. £ s. d. To Balance in Treasury Deposit Account at Ist ! By Payments to Public Trustee in terms of section 22, April. 1926 .. .. .. .. 494 17 6 1 New Zealand University Amendment Act, 1914 989 15 0 Rents .. .. .. .. .. 955 13 0 ; Balance—Cash in Treasury Deposit Account on 31st March, 1927 .. .. .. 460 15 6 £1,450 10 6 | £1,450 10 6 Balance-sheet as at 31st March, 1927, Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 25,893 0 0 j Endowment land .. .. .. .. 25,893 0 0 Rents charged in advance .. ... .. 247 0 0 Sundry debtors for rent .. .. .. 34 2 9 Revenue Account—Balance carried forward .. 247 18 3 Cash in Treasury Deposit Account .. .. 460 15 6 £26,387 18 3 ' £26,387 18 3 W. Robertson, Assistant Under-Secretary for Lands. 23rd May, 1927 J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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. The following comments are appended : (1) The departmental figures have been accepted pending the completion of the local examination by the Taranaki Audit Inspector ; (2) no charge for administration has been made as provided by section 22 of the New Zealand University Act, 1914. —G. F. C. Campbell, Controller and Auditor-General. VICTORIA COLLEGE ENDOWMENT ACCOUNT. Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. [ Cr. £ s. d. To Administration expenses due to the Lands and i By Accrued rents . . .. .. .. 165 211 Survey Department .. .. .. 4 9 0 Amount paid to the Victoria University College in terms of sections 38 and 39, Victoria College Act, 1905.. .. .. .. ~ 108 12 4 Balance carried down .. .. .. 52 1 7 £165 2 11 ! £165 2 11 £ s. d. £ s. d. To Adjustment on account of previous year . . 20 0 0 By Balance carried forward from previous year .. 144 4 4 Balance carried forward .. .. .. 176 511 Balance brought down .. .. .. 52 1 7 £196 5 11 | £196 5 11 Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. £ s. d. Payments. £ s. d. To Balance —Cash in the Local Bodies' Deposit ! By Amount paid over to the Victoria University Account of the Receiver of Land Revenue, College under sections 38 and 39, Victoria Wellington, at Ist April, 1926 .. .. 64 2 4 College Act, 1905 .. .. .. .. 108 12 4 Rents .. .. .. .. .. 89 0 0 Balance—Cash in the Local Bodies' Deposit Account of the Receiver of Land Revenue, Wellington .. .. .. .. 44 10 0 £153 2 4 £153 2 4 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 3,965 0 0 Endowment land .. .. .. .. 3,965 0 0 Sundry creditors for administration expenses ..4 9 0 £ s. d. Rents charged in advance .. .. .. 82 12 1 Sundry debtors for rent .. 393 6 4 Revenue Account—Balance carried forward .. 176 5 11 Less reserve for bad debts .. 174 9 4 218 17 0 Cash in the Local Bodies' Deposit Account of the Receiver of Land Revenue, Wellington .. 44 10 0 £4,228 7 0 £4,228 7 0 W. Robertson, Assistant Under-Secretary for Lands. 14th June, 1927. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, Revenue Account, and Balance-sheet have been duly examined and compared with the copies of journal entries of the District Land Office, Wellington, and correctly state the position as disclosed thereby. The following comment is appended : The departmental figures have been accepted pending the completion of the local audit. —G. F. C. Campbell, Controller and Auditor-General,

71

B.—l [PT. IV, SUP.]

LANDS AND SURVEY DEPARTMENT —continued. WAIPIATA-HAMILTONS LIBRARY ENDOWMENT ACCOUNT. Revenue Account foe the Yeae ended 31st March, 1927. Dr. £ s. d. Or. £ s. cl. To Balance brought forward from previous-year .. 3 7 8 By Accrued rent.. .. .. .. 13 Hi S Amount paid to trustees of Waipiata-Hamiltons Library under section 93, Reserves and other Lands Disposal and Public Bodies Empowering Act, 1917 .. .. .. .. .. 6 15 4 Balance carried forward .. .. .. 3 7 8 £13 10 8 £13 10 8 Receipts and Payments Account fob the Yeae ended 31st March, 1927. Receipts. £ s. d. Payments. £ s. d, To Rents .. .. .. , . 1,2 16 4 , By Payment to trustees of the Waipiata-Hamiltons Library under section 93, Reserves and other Lands Disposal and Public Bodies Empowering Act, 1917 . .. . . .. .. 6 15 4 Balance—Cash in Local Bodies' Deposit Account of the Receiver of Land Revenue, Dunedin .. 6 1 0 £12 16 4 | £12 16 4 i _______ Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 338 13 2 Endowment land .. .. .. .. 338 13 2 Rents charged in advance .. .. .. 3 7 8 Sundry debtors for rent .. .. .. .. 014 4 Revenue Account —-Balance carried forward .. 3 7 8 Cash in the Local Bodies' Deposit Account of the Receiver of Land Revenue, Dunedin .. ~ 6 10 £345 8 6 £345 8 6 J. B. Thompson, Under-Secretary for Lands. 19th May, 1927. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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. W AIR OA HARBOUR ENDOWMENT ACCOUNT. Revenue Account foe the Year ended 31st March, 1927. Dr. . £ s. d. Or. £ s. d. To" Thirds," " Fourths," &0., deducted under sec- By Balance brought down from previous year .. 3 3 0 tion 136, Land Act, 1924 .. .. .. 43 10 4 Accrued rent .. . . .. .. 139 10 0 Amount paid to Wairoa Harbour Board under section 31, Reserves, &c., Act, 1915 .. .. 38 0 6 Administration expenses .. .. .. 3 17 2 Rebates of rent . . .. . . .. 4 5 5 Balance carried forward .. .. 52 19 7 £142 13 0 £142 13 0 Receipts and Payments Account foe the Yeae ended 31st March, 1927. Receipts. Payments. Balance—Cash in the Local Bodies' Deposit Account £s. d. Deductions for "thirds," "fourths," &c., under sec- £ s. d. of Receiver of Land Revenue,Gisborne, at Ist April, tion 136, Land Act, 1924 .. .. .. 43 10 4 1926 .. .. .. .. .. 38 0 6 Payments to Wairoa Harbour Board under section 31, Rents, less administration expenses .. .. 69 011 Reserves, &e., Act, 1915 .. . . .. 38 0 6 Balance in Local Bodies' Deposit Account of Receiver of Land Revenue, Gisborne .. .. .. 25 10 7 £107 1 5 £107 I 5 Balance-sheet as at 31st Maech, 1927. Liabilities. £ s. d Assets. £ s. d. Capital .. .. .. . - .. 3,100 0 0 Endowment land .. . . . . .. 3,100 0 0 Rents charged in advance .. .. .. 34 17 6 Sundry debtors for rent .. .. .. 62 6 6 Balance of Revenue Account .. .. .. 52 19 7 Cash in Local Bodies' Deposit Account of the Receiver of Land Revenue, Gisborne .. .. 25 10 7 £3,187 17 1 £3.187 17 1 W. Robertson, Assistant Under-Secretary for Lands. 20th June, 1927. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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, The following comment is appended : The departmental figures have been accepted pending the completion of the local examination by the Gisborne Audit Inspector.—G. F. C. Campbell, Controller and Auditor-General.

72

B.—l [PT. IY, Sui-.

LANDS AND SURVEY DEPARTMENT —continued. WANGANUI HARBOUR ENDOWMENT ACCOUNT. Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ B . d. To Payments to Wanganui Harbour Board under By Balance brought forward from previous year .. 14 7 5 Wanganui Harbour Board Endowment, &c., Act, Accrued rents .. .. .. .. 46 3 5 1877 .. .. .. .. .. 49 0 0 Balance carried forward .. .. 11 10 10 £60 10 10 £60 10 10 Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. £ s. d. Payments. £ s. d. To Balance—Cash in Local Bodies' Deposit Account By Payment to Wanganui Harbour Board under of the Receiver of Land Revenue, Wellington, at Wanganui Harbour Endowment, &c., Act, 1877 49 0 0 Ist April, 1926 .. .. 25 5 9 Balance—Cash in Local Bodies' Deposit Account of Rents .. .. .. .. .. 44 11 9 the Receiver of Land Revenue, Wellington .. 20 17 6 £69 17 6 £69 17 6 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 1,080 0 0 Endowment land .. .. .. .. 1, 080 0 0 Rents charged in advance .. .. .. 11 10 11 Sundry debtors for rent .. .. .. "2 4 3 Revenue Account —Balance carried forward .. 11 10 10 1 Cash in Local Bodies' Deposit Account of the Receiver of Land Revenue, Wellington .. 20 17 6 £1,103 1 9 j £1,103 1 9 J. B. Thompson, Under-Secretary for Lands. 18th May, 1927. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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. The following comment is appended : The departmental figures have been accepted pending the completion of the local examination by the Wellington Audit Inspector.—G. F. C. Campbell, Controller and Auditor-General. WANGANUI RIVER TRUST ACCOUNT. Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Gr. £ s. d. To Administration expenses due to Lands Depart- By Accrued rents .. .. .. .. 1,041 1 9 ment under section 6, Wanganui River Trust Act, 1891 .. .. .. .. 33 5 2 Amount paid to Wanganui River Trust under Wanganui River Trust Act, 1891 .. .. 785 7 5 Balance carried down .. .. .. 222 9 2 £1,041 1 9 £1,041 1 9 £ s. d. £ s. d. To Balance carried forward .. .. .. 1,007 16 4 By Balance brought down .. .. .. 222 9 2 Balance brought down from previous year .. 785 7 2 £1,007 16 4 £1,007 16 4 Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. £ s. d. Payments. £ s. d. To Balance, Ist April, 1926 .. .. .. 355 12 5 By Payment to Wanganui River Trust under Rents .. .. .. .. .. 662 11 I Wanganui River Trust Act, 1891 .. .. 785 7 5 Miscellaneous . . .. .. .. 2 13 0 Balance, 31st March, 1927, in Local Bodies' Deposit Account of Receiver of Land Revenue, Wellington .. .. .. 235 9 1 £1,020 16 6 £1,020 16 6 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital Account .. .. .. .. 26,911 3 4 Land leased .. .. .. .. .. 25,226 3 4 Sundry creditors — Land unlet .. .. .. . . . . 180 0 0 Rents paid in advance .. .. .. 18 13 I Sundry debtors for rent .. .. .. 932 3 8 Administration expenses .. .. .. 33 5 2 Reduction in capital value by Revaluation Board 1,505 0 0 Rents charged in advance .. .. .. 320 16 6 Rents remitted by Revaluation Board .. .. 187 3 0 Revenue Account —Balance carried forward .. 1,007 16* 4 Rents written off by Revaluation Board .. 25 15 4 Cash in Local Bodies' Deposit Account of the Receiver of Land Revenue, Wellington .. 235 9 1 £28,29114 5 £28,29114 5 J. B. Thompson, Under-Secretary for Lands. 18th May, 1927. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, Revenue Account, and Balance-sheet have been duly examined and compared with copies of unaudited journal entries of the Wellington District Land Office submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and AuditorGeneral.

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

73

B.—l [PT. IY, SUP.].

LEGISLATIVE DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Honoraria of members and officers .. .. 47,400 13 10 By Sale of publications .. .. .. 4,302 13 6 Salaries .. .. .. .. ..27,933 85 Profit on sale of typewriters ~ 26110 Cleaning, &c. .. .. .. .. 2.741 6 2 Profit on sale of " Index to the Laws of New Fuel and light .. .. .. .. 2,295 13 11 Zealand" .. .. .. .. 11l 0 1 Laundry .. .. .. .. 122 16 2 Balance carried down .. .. .. 174,569 9 10 Maintenance of grounds .. .. .. 190 10 3 Newspapers .. .. .. .. 175 18 2 Postages, telegrams, telephones, &c. .. 1,263 19 4 Postage-stamps supplied to members .. 1,944 7 6 Printing and stationery .. .. .. 22,746 15 7 Rent of buildings .. .. .. 28,915 0 0 Repairs and maintenance, furniture and fittings 108 5 1 Repairs to typewriters .. .. .. 23 18 4 Railway concessions to and travelling-expenses of members .. .. .. 26,847 1 3 Uniforms .. .. .. .. 163 18 5 Sundry accounts (refreshments, messengers, winding clocks, office equipment, &e.) .. 376 10 11 Depreciation on furniture, fittings, library, &c. 6,707 0 1 Bellamy's— £ s. d. Salaries .. .. 5,423 6 10 Cleaning, &c. .. .. 310 0 0 Fuel and light .. .. 650 0 0 Laundry .. .. 167 3 5 Printing and stationery .. 150 0 0 Rent .. .. .. 1,000 0 0 Stores consumed, uniforms, &c. .. .. .. 279 19 9 Maintenance of staff .. 697 10 0 Loss by shortages and breakages crockery, &c. 245 6 6 Depreciation on furniture and fittings .. .. 129 4 6 9,052 11 0 £179,009 14 5 £179,009 14 5 £ s. d. £ s. d. To Balance brought down .. .. .. 174,569 910 By Excess of expenditure over income after Interest on capital as at Ist charging interest on capital .. .. 180,133 1 6 April, 1926 — £ s. d. Legislative .. .. 5,331 13 5 Bellamy's .. .. 231 18 3 5,563 li 8 £180,133 1 6 £180,133 1 6 Note. —The following charges are included for which the Department possesses no parliamentary appropriation : rental value as assessed by Public Works Department; interest at 4J per cent, on capital as at Ist April, 1926. Balance-sheet as at 31st March, 1927. Liabilities. Assets. Capital, Ist April, 1926 — £ s. d. £ s. d. Furniture and fittings— £ s. d. £ s. d. Legislative .. .. ~118,480 10 1 Legislative .. .. .. 30,153 3 5 Bellamy's .. .. .. 5,153 14 2 Bellamy's .. .. .. 1,723 0 6 123,634 4 3 31,876 3 11 Sundry creditors .. .. .. 3,584 18 0 Mechanical appliances .. . . .. 1,235 7 3 Depreciation Reserve— Bellamy's— General Assembly Library .. 26,927 8 4 Crockery, silverware, &c. .. 3,942 5 7 Legislative .. .. .. 5,394 3 0 Consumable goods .. .. 123 1 2 Bellamy's .. .. 258 9 0 — 32,580 0 1 4,065 6 9 Treasury Adjustment Account .. .. 150,020 12 8 Less reserve for writing off .. 273 7 5 • 3,791 19 4 General Assembly Library .. .. 80,823 5 4 Books of reference .. .. .. 9,687 9 6 Publications at Printing Office .. .. 655 7 6 Stationery on hand .. .. .. 310 13 8 Sundry debtors .. .. .. ' 1,120 1 11 Copies of " Index to the Laws of New Zealand " at Government Printing Office .. .. 161 5 4 Expenditure in advance on 1928 edition of " Index to Laws of New Zealand " .. .. .. 25 0 0 Balance of Income and Expenditure Account .. 180,133 1 6 £309,819 15 3 £309,819 15 3 E. W. Kane, Clerk, House of Representatives. H. W. Harris, 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.

74

B.—l [PT. IV, SUP.].

MARINE DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. | Income. To Head Office— £ s. d. £ s. d. By Shipping and Seamen Act— £ s. d. £ s. d. Salaries .. .. .. 8,278 8 7 Light dues .. .. 81,064 9 8 Office expenses .. .. 1,729 8 3 Engagement and discharge of 10,007 16 10 seamen.. .. .. 3,124 13 3 Harbours — | Survey of ships .. .. 5,371 7 8 Salaries .. .. .. 1,877 7 8 1 Examination fees .. .. 379 5 0 General maintenance .. 2,060 18 4 j Miscellaneous receipts .. 505 18 3 3,938 6 0 90,445 13 10 Lighthouses— Harbours— Salaries .. .. .. 16,537 7 6 Port dues, &c. .. .. 920 17 1 General maintenance .. 7,619 17 10 Revenue from foreshores .. 5,988 17 4 24,157 5 4 6,909 14 5 Mercantile marine— | Inspection of machinery— Salaries .. .. .. 21,338 15 4 j Inspection fees .. .. 19,523 5 3 Office and general expenses 3,683 3 4 j Examination fees .. .. 556 4 0 25,021 18 8 j Miscellaneous receipts .. 8 3 0 Inspection of machinery—• [ 20 087 12 3 Salaries .. .. .. 13,919 15 II Fisheries— Travelling-expenses .. 5,021 18 3 Net profit on oysters transOffice and general expenses .. 3,346 19 6 ferred from separate Profit 22,288 13 8 and Loss Account attached 1,347 11 7 Fisheries' — Fishing-boat license fees, reSalaries .. .. .. 2,204 1 1 demptionfees, royalties, &c. 443 17 5 Office and general expenses .. 1,181 410 Rental of toheroa-beds .. 300 0 0 3,385 5 11 Sale of trout-ova and quinnat Working-expenses of Govern- salmon .. .. 185 18 4 ment steamers .. .. .. 22,605 0 4 2,277 7 4 Ross Sea Dependency—Adminis- Government steamers — Fares, tration expenses .. .. .. 343 16 7 freights, &c. .. .. .. 5,134 9 6 Miscellaneous services— Ross Sea Dependency—Royalties Charts .. .. .. 809 610 on whale-oil .. .. .. 2,921 5 0 Saleable books and forms . . 286 8 2 Miscellaneous revenue— " New Zealand Nautical Sale of charts .. .. 351 7 6 Almanac" .. .. 604 12 3 1 Sale of books and forms .. 984 16 10 Preparation of tide-tables .. 550 0 0 Sale of " New Zealand NauChecking passenger traffic .. 152 14 6 tical Almanac " .. .. 137 6 4 Relief of distressed seamen .. 79 0 3 Rents of buildings and reserves 199 13 0 Miscellaneous expenses .. 9 18 10 Miscellaneous receipts .. 20 8 6 —— 2,492 0 10 1,693 12 2 Reserve for bad debts .. .. .. 25 19 11 Grants .. .. .. .. .. 290 0 0 Depreciation ... .. .. .. 9,032 5 3 Balance carried down .. .. .. 5,881 5 2 £129,469 14 6 £129,469 14 6 £ s. d. £ s. d. To Interest on capital .. .. .. 18,005 6 0 By Balance brought down .. .. .. 5,881 5 2 Excess expenditure over income after charging interest on capital .. .. .. 12,124 010 £18,005 6 0 £18,005 6 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 4| per cent, on capital as at Ist April, 1926 ; (d) Public Works Department overhead cost. Depreciation has been allowed for on balances of assets as at Ist April, 1926, the total charge being carried to Depreciation Reserve. Credit has been taken without appropriation for services rendered to the Customs Department. Sale of Oysters, 1926 Season. Profit and Loss Account. Dr. £ s. d. Cr. £ s. d. To Salaries and wages.. .. .. .. 3,928 5 3 By Sales .. .. .. .. .. 8,344 10 0 Maintenance of keteh and launches .. .. 873 7 3 Freight and cartage .. .. .. 536 11 1 Sacks and stores .. .. .. .. 440 7 7 Wharfage and cranage .. .. .. 64 0 1 | Rent, light, &c. .. .. .. .. 56 18 9 Administration expenses .. .. .. 161 15 0 j Travelling-expenses .. .. .. 130 13 3 Office expenses .. .. .. .. 15 11 0 Printing and stationery .. .. .. 18 11 8 Advertising .. .. .. .. 3 14 0 Depreciation .. .. .. .. 352 10 7 Interest on capital .. .. .. 414 12 11 Net profit .. .. .. 1,347 11 7 £8,344 10 0 £8,344 10 0

75

B.—l [PT. IV, Sup.].

MARINE DE PARTMENT —continued. Balance-sheet as at 31st March, 1927. Liabilities. £ s. cl. Asset?. £ s. d. Capital .. .. .. .. 558,619 1 4 Land and buildings .. .. .. .. 36,967 17 0 Sundry creditors .. .. .. .. 3,837 19 3 Lighthouses (including land, towers, buildings, Rentals, &c., paid in advance .. .. 40 15 6 furniture, apparatus, and equipment).. ..253,532 3 9 depreciation Reserve Account .. .. 53,655 6 2 Automatic lights .. .. .. .. 37,842 19 5 Fog-signals .. .. .. .. .. 4,042 17 8 Radio direction-finding experiments .. .. 1,971 3 8 Radio direction-finding beacons .. .. 628 15 0 Beacons, buoys, and moorings .. .. 7,810 10 2 Government steamers .. .. .. 19,855 711 | Wharves .. .. .. .. .. 2,354 0 0 Harbour equipment (including boats, flagstaffs, signalling-apparatus, tools, &c.) .. .. 2,021 14 0 Oyster-beds.. .. .. .. .. 123,897 0 3 Oyster ketch and launches .. .. .. 7,191 4 4 Fish-hatcheries and equipment .. .. 2,574 3 3 Fisheries Development Account .. .. 42,780 13 6 Motor-vehicles . . .. .. . . 1,194 15 1 Horses .. .. .. .. . . 698 9 5 Automatic flashing-lamps .. .. . . 258 12 10 Test-pumps and pressure-gauges .. .. 277 15 0 Office furniture and fittings .. .. .. 5,350 19 6 Mechanical office appliances .. . . .. 936 1 9 Library .. .. .. .. .. 1,445 011 £ s. d. Stores.. .. .. .. 14,461 7 9 Less writing ofi Suspense Account 107 2 8 14,354- 5 1 Charts, saleable books and forms .. .. 2,724 0 7 National health, pensions, and unemployment insurance stamps .. 307 11 10 Sundry debtors .. .. 9,206 18 2 Less reserve for rebates, &c. .. 828 18 11 fegi 8,377 19 3 Treasury Adjustment Account .. .. 24,633 0 3 Excess expenditure over income .. .. 12,124 0 10 £616,153 2 3 £616,153 2 3 G. C. Godfrey, Secretary. J. E. Engel, A.R.A.N.Z.,. 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. E. C. Campbell, Controller and Auditor-General. MINES DEPARTMENT. COAL-MINES ACT, 1925. Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To National endowment .. .. .. 688 3 2 By Rents and royalties from leases and licenses under Primary-education reserves .. .. 865 8 3 the Coal-mines. Act, 1925 .. .. 29,029 7 0 Secondary-education reserves .. .. 263 19 6 Lands for settlement .. .. .. 79 6 6 Greymouth Harbour Board .. .. 2,767 7 2 Westport Harbour Account .. .. 18,317 13 8 Consolidated Fund—Territorial revenue (carried down) .. .. .. .. .. 6,047 8 9 £29,029 7 0 £29,029 7 0 Net Revenue. Account. Dr. £ s. d. Or. £ s. d. To Salaries .. .. .. .. .. 240 19 4 By Territorial Revenue brought down .. .. 6,047. 8 9 Travelling-expenses .. .. .. 22 4 2 Commission for collecting .. .. ... 500 10 11 Printing and stationery .. .. 100 0 0 Postages and telegrams .. .. .. 25 0 0 Depreciation .. .. .. .. 148 Balance carried down .. .. .. 6,158 11 6 £6,547 19 8 — — = - £6,547 19 8 £ s. d. ' To Balance .. .. .. .. .. 6,203 13 0 £ s. d. By Balance brought down .. .. .. 6,15811 6 Rents relating to previous year .. .. 45 1 6 £6,203 13 0 £6,203 13 0 Note. —The Revenue Account includes rents for period Ist July, 1926, to 30th June, 1927, and royalties for period Ist January, 1926, to 31st December, 1926.

76

B.—l [PT. IY, Sup.].

MINES DEPARTMENT —continued. Income and Expenditure Account fob the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Advertising, &c. .. .. .. .. 75 14 5 By Interest .. .. .. .. .. 57 18 0 Assistance to mining— £ s. d. Waimea-Kumara water sales .. .. 349 10 10 Prospecting .. .. 8,418 5 G Waimea-Kumara timber royalties .. .. 654 5 0 Roads .. .. .. 1,374 17 10 Territorial revenue under Mining Act .. 266 6 8 Bounty, Onakaka .. .. 6,694 3 0 • Registration and other fees .. .. .. 466 9 0 Experiments in coal-dust .. 140 5 0 Goldfields revenue .. .. .. 15,364 5 9 Experiments in brown coals .. 259 711 Balance .. .. .. .. .. 34,578 8 4 Mining Conference .. .. 350 0 0 Dunstan Miners' jubilee .. 50 0 0 Buller Diamond Jubilee .. 100 0 0 Flood damage, Ross .. .. 100 0 0 17,486 19 3 Coal Inquiry Board expenses .. .. 96 3 I Depreciation .. . . .. .. 617 8 3 Drills (maintenance of) .. .. .. 207 11 10 Examinations .. .. .. .. 11l 4 9 Expenses re oil-boring licenses .. .. 187 6 7 Freight, cartage, &c. .. .. .. 2 13 0 Fuel, light, water, &c. .. .. .. 45 0 11 Law-costs .. .. .. .. 292 9 6 Office requisites .. .. .. .. 25 18 10 Outfit allowances and field expenses .. . 26 0 0 Postages, telegrams, &e. .. .. .. 225 10 4 Printing and stationery .. .. .. 295 1 4 Rents .. .. .. .. .. 588 4 9 Salaries .. .. .. .. 8,664 3 4 Schools of Mines .. .. .. .. 3,717 4 9 Telephones .. .. .. . . 179 14 8 Travelling expenses and allowances .. .. 1,753 12 0 Waimea-Kumara Water-race maintenance . . 1,298 3 0 Sundry expenses and instrument maintenance.. 27 10 5 Bad debts, &c. .. .. .. .. 449 2 10 { Goldfields revenue .. .. ..15,364 5 9 £51,737 3 7 £51,737 3 7 £ s. d. £ s. d. To Balance .. .. .. .. .. 34,578 8 4 By Balance .. .. .. .. .. 36,397 15 11 Interest on capital.. .. .. .. 1,819 7 7, £36,397 15 11 £36,397 15 11 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. -Assets. £ s. d. Capital .. .. .. .. .. 42,439 411 Land .. .. .. .. .. 4,349 0 0 Treasury Adjustment Account .. .. .. 21,237 18 4 Buildings .. .. .. .. .. 378 1 6 Depreciation Reserve .. .. .. .. 4,042 3 1 £ s. d. Sundry creditors .. .. .. .. 16,731 3 8 Furniture and fittings .. .. 1,013 5 6 Deposits .. .. .. .. .. 4,480 9 7 Less provisionally written off .. 22 14 2 990 11 4 Mechanical appliances .. .. .. 385 3 6 Instruments .. .. .. .. 200 14 0 Plant and machinery .. .. 1,107 16 0 Less provisionally written off 1,034 8 1 73 7 11 Library, maps, &c. .. .. .. 184 7 0 Mineral collections .. .. .. 66 11 0 Exhibits .. .. .. . . 273 2 5 Motor-cars .. .. .. . . 615 0 3 Drills and equipment .. .. 10,193 13 1 Less provisionally written off .. 25 9 3 — 10,168 3 10 Water-races .. .. .. .. 10,808 18 0 Loans to oif-boring companies and others .. .. .. 17,324 5 4 Less reserve .. .. .. 5,000 0 0 12,324 5 4 Sundry debtors .. .. .. 9,872 17 6 Less provisionally written off .. 3,125 8 9 ■ — 6,747 8 9 Rents accrued but not due .. ~ 10 10 0 Stores and stocks on hand.. .. 86 19 10 Less provisionally written off 17 6 85 12 4 Cash in hands of receivers .. .. 11,075 19 6 Deficiency for year— Mines Department .. 36,397 15 11 Less profit from coal revenue .. 6,203 13 ,0 30,194 2 11 £88,930 19 7 £88,930 19 7 Note. —Subsidies totalling £34,511 12s. sd. made to mining companies are recoverable, but only if payable gold in sufficient quantities is won. The following charge is included for which the Department possesses no parliamentary appropriation : Interest at 4£ per cent, on capital as at Ist April, 1926. The accounts relating to the Geological Survey have been transferred to the Department of Industrial and Scientific Research. G. Jas. Anderson, Minister of Mines. A. W. Gyles, A.1.A.N.Z., 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.

77

B.—l [PT. IY, Sup.].

NATIONAL ENDOWMENT ACCOUNT. Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. ... 6,839 0 1 By Accrued coal rents and royalties .. .. 688 3 2 Interest charges under section 20, Discharged Accrued interest on sales of land .. .. 2,140 15 2 Soldiers Settlement Amendment Act, 1923 278 10 1 Accrued rents .. .. .. .. 129,006 16 6 Irrecoverable rents .. .. .. 1,956 19 10 Accrued royalties .. .. .. 21,351 17 9 Loan repayments— Interest on National Endowment Account Local Bodies' Loans Act, 1908 .. .. 2,832 16 2 investments .. .. .. .. 2,894 10 6 Section 47, Land for Settlements Act, 1925 3,373 12 0 Interest on National Endowment Trust AcRebates .. .. .. .. 2,182 7 6 count investments .. .. .. 814 4 0 Remissions of rent, &c. .. .. 234 16 5 Interest on temporary transfers under secRemissions and reductions of rent under tion 40, Public Revenues Act, 1926 .. 27 12 4 the Deteriorated Lands Act, 1925 .. 1,862 8 0 Sundries .. .. .. .. 0 10 0 " Thirds," " fourths," and " halves " .. 14,150 5 3 Balance carried down .. .. .. 123,22-2 14 1 £156,933 9 5 £156,933 9 5 £ s. d. £ s. d. To Contribution for education and old-age pen- By Balance brought down .. .. .. 123,222 14 1 sions.. .. .. .. .. 133,028 8 4 Balance from previous years .. .. 41,821 13 1 Balance .. .. .. .. 32,067 11 2 Adjustment on account previous years .. 51 12 4 £165,095 19 6 £165,095 19 6 Balance-sheet as at 31st March, 1927. Liabilities. j Assets. £ s. d. | Endowment lands — £ s. d. £ s. d. Capital, including loading for roads, &c. .. 4,792,949 1 9 1 Leased .. .. 4,008,510 711 Discharged Soldiers Settlement Account (sec- j Unleased .. .. 681,605 0 8 tion, 20, Discharged Soldiers Settlement | 4,690,115 8 7 Amendment Act, 1923) .. .. .. 6,211 9 6 j National Endowment Trust Account .. 61,959 9 6 Principal instalments under section 20, Dis- j Unpaid purchase-price (not yet payable), buildcharged Soldiers Settlement Amendment ! ings .. .. .. .. .. 690 1 .3 Act, 1923 .. .. .. .. 6 6 7 Sundry debtors for—• £ s. d. Interest under section 20, Discharged Soldiers • Rents, &c. .. .. 44,806 16 5 Settlement Amendment Act, 1923 .. 29 1 5 Less reserve for irrecoverable Buildings Suspense .. .. .. 82 0 0 rents .. .. .. 750 0 0 Sundry creditors— 44,056 16 5 Miscellaneous .. .. .. .. 384 1 8 Royalties .. .. .. .. 422 8 9 Endowments payable for education and old- Royalties recoverable from State Forests Acage pensions .. .. .. 132,928 0 2 count in terms of section 39 (2), Forests Payments in advance— Act, 1921-22.. .. .. .. 12,574 14 0 Rents, &c. .. .. .. .. 1,481 19 10 Coal rents and royalties .. .. .. 202 19 2 Interest on sales .. .. .. 8 15 7 Principal instalments on buildings .. 2 10 Rents charged in advance .. .. . . 50,043 1 11 Interest on sales of land .. .. 114 1 7 Writings off Suspense .. .. . . 1,409 5 4 Interest on investments .. .. .. 283 0 6 Revenue Account—Balance .. .. 32,067 11 2 Miscellaneous .. .. .. .. 107 6 9 Postponed rents .. .. .. .. 6,921 0 4 Outstanding Rents Suspense .. .. 1,409 5 4 Sundry debtors outstanding (amounts accrued but not yet due) — Royalties .. .. .. .. 455 0 0 Interest on sales of land . . .. 488 2 2 Interest on investments .. .. .. 775 15 2 Dominion Revaluation Board determinations— Reductions in capital values .. .. 48,148 I 6 Rents written off .. .. .. 6,130 9 1 Remissions of rent .. .. .. 9,432 12 0 Temporary transfers in terms of Public Revenues Act, 1926, section 40 .. .. 4,000 0 0 £ s. d. Cash in Public Account .. 43,212 1 10 Investment Account .. .. 86,100 0 0 129,312 1 10 £5,017,600 14 11 £5,017,600 14 11 J. B. Thompson, Under-Secretary for Lands. 30th August, 1927. J. H. O'Donnell, Controller of "Accounts. 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. The following comments are appended : — 1. In the case of the District Land Office of North Auckland, Auckland, Taranaki, Gisborne, Wellington, Nelson, Marlborough, and Westland, the departmental figures have been accepted pending the completion of the local examinations by the Audit Inspectors. 2. The Capital Account includes the total amount for which the land was loaded for roading, &c., whereas the unexpended portion of such amount (if any) and the liability to the Opening-up Crown Lands Account and to Consolidated Fund should be separately shown. 3. In the opinion of the Audit Office, repayments of principal should not be included in the Revenue Account. G. F. C. Campbell, Controller and Auditor-General.

78

B.—l [PT. IY, SUP.].

NATIONAL ENDOWMENT TRUST ACCOUNT. Revenue Account fob the Yeae ended 31st March, 1927. Dr. £ s. d. Gr. £ s. d. To Balance to Accumulated Fund .. .. ..7 2 9 By Interest on sales of Land .. .. ..729 £7 2 9 £7 2 9 Balance-sheet as at 31st Maech, 1927. Liabilities. £ s. d. Asset*. £ s. dAccumulated funds .. .. .. .. 63,389 911 Unpaid purchase price of land (not yet payable).. 38,139 0 6 Sundry creditors —Miscellaneous .. .. 5 0 0 Sundry debtors— Principal instalments on deferred payment .. 113 6 3 Interest on sales of land .. ... .. 396 £ s. d. Cash in Public Account .. 5,448 13 8 Investment Account .. .. 19,690 0 0 26,138 13 8 £83,394 9 11 £63,394 9 11 J. B. Thompson, Under-Secretary for Lands. 3rd August, 1927. J. H. O'Donnell, Controller of Accounts. 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. The following comment is appended : In the case of the District Land Office of North Auckland, Auckland, Taranaki, Gisborne, Wellington, Nelson, Marlborough, and Westland, the departmental figures have been accepted pending the completion of the local examination by the Audit Inspectors. —G. F. C. Campbell, Controller and Auditor-General. NATIONAL PROVIDENT FUND. Revenue Account for the Year ended 31st December, 1926. £ s. d. £ s. d. Amount of fund at beginning of year 1,377,967 4 9 Maternity claims (section 18) .. 7,206 0 0 Contributions .. .. .. 206,622 111 Maternity claims (approved friendly Interest .. .. .. .. 83,599 18 10 societies) .. .. .. 34,480 0 0 Fines .. .. .. .. 910 12 2 Refund of contributions on lapse, reGovernment contribution under Act.. 52,110 11 6 duction, and withdrawal (sections Refund of maternity claims by the 10, 11, 12, and 13) .. .. 41,738 4 9 State .. .. .. .. 41,686 0 0 Incapacity allowances (sections 16 and Contributions overpaid on exit .. 9 0 0 17), including contributions waived Benefits refunded on exit .. .. 4,012 6 0 on incapacity (£339 13s. 9d.) .. 2,485 4 10 Death : Refund of contributions (sections 14 (5) and 15) .. .. 5,293 2 5 Death: Allowances on account of widows and children (section 14) .. 7,774 19 7 Retirement: Allowances (section 12) 15,029 5 4 Refund of contributions overpaid on exit .. .. .. .. 9 0 0 Amount of fund at tnd of year .. 1,652,901 18 3 £1,766,917 15 2 £1,766,917 15 2 Balance-sheet as at 31st Decembee, 1926. Liabilities. £ s. d. ; Assets. £ s. d. Fund as per Revenue Account .. 1,652,901 18 3 In hands of Public Trustee— Claims due and in course of payment — Invested .. .. .. 1,555,282 3 9 Maternity .. .. .. 1,612 19 5 j Uninvested .. .. .. 26,385 310 Death (section 15) .. .. 211 4 5 j Balance with Post Office .. .. 4,091 11 5 Death: Allowances (section 14) .. 285 6 2 j Balances in transit .. .. 12,424 16 9 Allowances (section 12) .. .. 624 0 4 j Contributions outstanding or in course Allowances (section 16) .. .. 123 2 0 j of transmission*— Refunds in suspense .. .. 25,779 17 10 j (a) Contributions due but not overDeposits on incomplete applications to due .. .. .. 13,511 12 4 join fund .. .. .. 0 9 7 ' (b) Contributions overdue .. 3,606 5 3 Suspense Account .. .. 126 6 9 i Government subsidy due under Act* 52,110 11 6 Contributions prepaid .. .. 6,319 5 3 Refund due in respect of maternity Investment Fluctuation Reserve (by claims* .. .. .. 3,778 0 0 transfer from refunds unclaimed) .. 11,480 2 8 j Fines due* .. .. .. 450 15 8 Interest due* .. .. .. 5,658 15 7 Interest accrued but not due* .. 22,164 16 7 £1,699,464 12 8 £1,699,464 12 8 * Included in Revenue Account. R. E. Hayes, Wellington, Ist July, 1927. Superintendent. I hereby certify that the balance-sheet and Revenue Account have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

79

B.—l [PT. IV, Sup.].

NATIONAL PROVIDENT FUND AND FRIENDLY SOCIETIES DEPARTMENT. NATIONAL PROVIDENT FUND. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. Income. £ s. d. To Administration charges— £ s. d. £ s. d. By Balance carried down .. .. .. 107,428 17 3 Salaries . . .. .. 9,695 4 6 Audit .. .. .. 50 0 0 Pees for certificates of birth, &c. .. .. .. 50 0 0 Overtime and meal allowances .. .. .. 33 7 7 Rent .. .. .. 1.343 0 0 Commission allowances, &c. 5,452 10 2 Commission on money-orders for approved friendly societies' maternity claims .. .. 60 8 0 Postages, telegrams, &c. .. 364 19 11 Telephone services .. 102 1 5 Post and Telegraph Department charges for services rendered .. .. 591 13 0 Government Insurance Department charges for services of charwomen and messengers .. .. 125 0 0 Government Actuary's Office —Services of officers .. 380 18 1 Travelling-allowances, &c. 518 14 3 Printing and stationery .. 539 5 9 Office maintenance .. 112 14 2 Puel, light, power, &c. .. 42 1 5 19,461 18 3 Other items — Loss on realization of property .. 6 7 8 Depreciation .. .. .. 136 14 0 Permanent charges under I Special Acts — Subsidy 40,635 17 4 Maternity claims .. 47, 188 0 0 87,823 17 4 £107,428 17 3 £107,428 17 3 £ s. d. £ s. d. To Balance brought down .. .. 107,428 17 3 By Excess of expenditure over income .. 107,507 7 8 Interest on capital .. .. .. 78 10 5 £107,507 7 8 £107,507 7 8 Note. —The above account, includes a charge for interest on capital for which the Department has no parliamentary appropriation. FRIENDLY SOCIETIES. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. Income. £ s. d. To Administration charges — £ s. d. £ s. d. By Sundry fees .. .. .. .. 16 0 Salaries .. .. .. 1,338 15 6 Balance carried down .. .. .. 5,519 0 3 Government Actuary's Office — Services of officers .. 1,273 17 3 Postages, telegrams, &c. .. 129 16 6 Printing and stationery .. 114 1 10 Rent .. .. ■. 136 18 0 Telephone services .. .. 116 6 Travelling-allowances, &o. .. 14 9 5 Office maintenance .. .. 13 3 3 3,032 8 3 Other items — Payment for statistical returns of sickness and mortality .. .. •• •• 1,026 17 0 Assistance to Sick and Funeral Funds of friendly societies on account of deficiencies due to the war and of excess after-discharge sickness .. .. .. 1,437 0 0 Loss on realization of property .. .. 6 10 Depreciation .. .. .. .. 1800 £5,520 6 3 £5,520 6 3 £ s. d. £ s. d. To Balance brought down .. .. .. 5,519 0 3 By Excess of expenditure over income ~ 5,531 17 9 Interest on capital .. .. .. 12176 £5,531 17 9 £5,531 17 9 Note. —-The above account includes a charge for interest on capital for which the Department has no parliamentary appropriation.

80

11 —B. 1 [PT. IY, SUP.].

B.—l [PT. IV, Sup.].

NATIONAL PROVIDENT FUND AND FRIENDLY SOCIETIES DEPARTMENT —continued. FRIENDLY SOClETlES—continued. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital Account .. .. .. .. 1,935 8 5 Furniture and fittings .. .. 1,714 17 3 Sundry creditors .. .. .. .. 6,810 12 10 Additions .. .. .. 70 18 0 Depreciation Reserve .. . . .. 829 9 5 Treasury Adjustment Account .. .. 105,852 12 3 * 1,785 15 3 Less disposals .. .. 243 1 11 1,542 13 4 Less written off to Suspense .-. 40 8 5 1,502 4 ii ! Mechanical appliances .. .. 535 10 0 Additions .. .. .. 35 12 0 571 2 0 Less disposals .. .. 57 0 0 514 2 0 Stationery .. .. .. .. 363 3 4 Payments in advance ... ~ .. 9 7 3 Excess of expenditure over income— £ s. d. National Provident .. 107,507 7 8 Friendly societies .. .. 5,531 17 9 113,039 5 5 £115,428 2 11 i £115,428 2 II ~ 1~ — ■ — r I -----—■- Note.—Furniture has been transferred to Internal Affairs Department (Government Actuary) without appropriation. 11. E. Hayes, Superintendent, National Provident and Friendly Societies Department. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —Gr. F. C. Campbell, Controller and Auditor-General.

81

B.—l [Pt. IY, SUP.].

NATIVE DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. Income. £ s. d. £ s. cl. By Departmental receipts— £ s. d. £ s. d. To Salaries, temporary assistance, * Native Land Court fees .. 6,802 1 0 allowances .. .. 24,283 7 2 Maori Land Board fees .. 2,134 15 0 Fees to Supervisors .. 18 18 0 8,936 16 0 Travelling expenses and allow- Administration receipts—Contributions from ances .. .. .. 2,635 4 5 Maori Land Boards .. .. .. 8,833 0 0 Transfer and removal expenses 79 6 3 Receipts under section 15 (2), Native Land Freight and cartage.. .. 162 5 1 Amendment and Native Land Claims AdFuel, light, and cleaning .. 102 14 6 justment Act, 1926 —Fishing and camp Law-costs .. .. .. 31 8 0 licenses, &c. .. .. .. .. 1,899 5 3 Postages and telegrams .. 702 12 11 Other receipts— £ s. d. Printing and stationer}' .. 986 17 8 Translation fees .. .. 105 3 6 Rent of circuit-rooms and de- | Interpreters' licenses, &c. .. 30 9 0 partmental offices .. 1,218 17 2 135 12 6 Writings off Suspense (office I Balance carried down, being excess of expendifurniture) .. .. 10 0 ture over revenue earned .. .. 38,041 1 3 Miscellaneous expenses .. 43 11 8 Depreciation on buildings, office furniture and fittings, &c. .. 270 5 9 30,536 8 7 Expenses of other services— Printing and publication of Kahiti .. .. 1,761 13 2 Less proceeds sales, advertising, &c. .. .. 19 3 6 1,742 9 8 Destruction of rabbits on Native land .. .. 6,170 7 1 Eradication of noxious weeds on Native land .. 64 7 6 6,234 14 7 Contribution—Water-supply, Ohinemuri River 59 7 2 Expenditure under special Acts of the Legislature— Native Land Amendment and Native Land Claims Adjustment Act, 1922, section 27 (Arawalakes settlement) 6,000 0 0 Native Land Amendment and Native Land Claims Adjustment Act, 1925, section 13 (Maori Purposes Fund) 3,000 0 0 Native Land Amendment and Native Land Claims Adjustment Act, 1926, section 15 (1), Taupo waters settlement expenses .. .. .1,395 18 6 10,395 18 6 Royal Commission— Confiscated Lands Commission expenses .. .. 553 15 10 Maori Model Villages Comsion expenses .. .. 1,285 18 6 1,839 14 4 Expenditure under Civil List Act, 1920, Part V (Native Purposes)— Food and clothing .. 2,672 15 5 Pensions and cash allowances 209 18 6 Water-supply and miscellaneous services .. 101 1 11 Ensigns .. .. .. 15 19 4 New Plymouth Hostelry expenses .. .. 48 17 2 Tauranga Hostelry expenses 6 17 1 Bluff Hostelry expenses .. 35 6 3 3,090 15 8 Contributions— Health Department—Medical services .. .. 3,000 0 0 Health Department—Nursing services .. .. 600 0 0 3,600 0 0 Grants — Monument (Hurunui Apanui) 50 0 0 Ethnological Research Board 250 0 0 Funeral and other allowances 46 6 6 346 6 6 £57.845 15 0 £57,845 15 0 £ s. d. £ s ( j To Balance brought down .. .. .. 38,041 1 3 By Balance .. .. .. .. 38,553 610 Interest on capital .. .. .. 512 5 7 £38,553 6 10 £38,553 6 10 Note.—The above account includes charges for assessed rent and interest on capital for which the Department has no parliajtientary appropriation.

82

B.—l [PT. IV, SUP.].

NATIVE DEPARTMENT—continued. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital Account .. .. .. .. 11,569 9 6 Land .. .. .. 6,765 0 0 Sundry creditors .. .. .. .. 1,951 17 10 Buildings .. .. .. 2,131 17 1 Depreciation Reserve (buildings, furniture, and 8,896 17 ] equipment) .. .. .. .. 1,283 15 4 Office furniture and fittings .. 2,335 8 5 Treasury Adjustment Account .. .. 53,723 0 1 Hostelry furniture and fittings .. 50 9 0 Agricultural Scholarship Deposit Account .. 29 3 4 "Mechanical office appliances .. 395 19 3 Writings-off Suspense Account .. .. 10 0 Technical instruments .. .. 13 10 0 2,795 6 8 Stock on hand—Stamps and stationery .. 149 1 10 Sundry debtors for — Court fees .. .. .. 14,417 16 5 License fees.. .. .. 1,660 2 6 Recoverable expenditure .. 1,742 12 1 Whangamarino advances .. 271 13 8 18,092 4 8 Expenditure paid in advance .. .. .. 70 9 0 Excess of expenditure over income for the year ending 31st March, 1927 .. .. .. 38,553 610 | Losses in Suspense Account .. .. .. 10 0 £68,558 6 J j £68,558 6 1 27th July, 1927. E. N. Jones, 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. P. C. Campbell, Controller and Auditor-General.

83

B.—l [PT. IV, SUP.].

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS. Combined and Separate Receipts and Payments Statements for the Year ended 31st March, 1927. Receipts.

84

| Totals. ; Tokerau. I Maniapoto i Waiariki. Tairawhltl. Aotea. ; Ikaroa. | South Island. Cash balances at lsst April, 1926 — £ s. d. £ s. d. £ s. d. ! £ s. d. £ s. d. i £ 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 4,61] 8 o! 3,302 6 8 Imprests at Post Office .. .. .. .. 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 j .. .. ; 48,709 2 9 3,150 12 2 j 17,349 14 8 1,030 19 8 j 13,922 16 10 I 4,360 16 4 5,152 17 7 j 3,741 5 6 Withdrawals of principal from amounts on deposit with 74,539 19 1 9,350 0 0 j 8,224 19 1 8,400 0 0 j 24,200 0 0 j 24,365 0 0 .. j Native Trust Office 1 ; 123,249 1 10 12,500 12 2 j 25,574 13 9 9,430 19 8 j 38,122 16 10 j 28,725 16 4 5,152 17 7 j 3,741 5 6 Rents, &c. .. .. .. .. .. 76,116 9 4 4,294 11 3| 9,771 4 9 11,451 19 11 I 27,010 16 2 j 17,281 3 1 5,491 19 o| 814 15 2 Royalties .. .. .. .. .. 11,810 7 4 761 0 11 3,970 2 3 121 9 6 I 1,420 19 5 610 3 8 .. | 4,926 11 7 Purchase-money .. .. .. .. .. 131,228 1 4 7,920 3 2 | 19,974 2 8 j 25,168 10 9 : 8,006 0 9 25,209 14 1 33,432 17 7 j 11,516 12 4 Compensation for land taken .. .. .. 3,805 2 1 .. | 3,513 6 10 i 112 0 0 j 1 1 6 58 15 0 119 18 9 ; Mortgage repayments .. .. .. .. 18,858 1 4 700 0 0 i 5,364 9 0; 42 14 9 3,200 17 7 4,550 0 0 5,000 0 0 i Amount received for disbursement, East Coast Commission 6,085 3 9 .. .. j .. j 6,085 3 9 .. .. 247,903 5 2 ; 13,675 15 4 j 42,593 5 6 [ 36,896 14 11 j 45,724 19 '2 47,709 15 10 44,044 15 4 | 17,257 19 1 Interest received on — i 1 - ! Purchase-money .. .. .. .. 1,953 9 6 I 142 9 6 1 861 10 10 903 16 10 ! .. .. 41 4 7 4 7 9 Mortgages .. .. .. .. .. 6,249 13 6 .. 3,460 7 10 232 12 1 364 3 0 1,936 8 2 96 6 7 159 15 10 Native Trust deposits .. .. .. .. 16,013 3 5 j 1,415 17 2 3,775 0 11 3,550 16 10; 2,042 3 5 4,080 5 0 740 6 0 408 14 1 New Zealand Government war-loans .. .. 67 10 0 .. .. ... .. .. 67 10 0 : New Zealand Government debentures under Native 1,259 48 i .. 49 4 8 .. 1,210 0 0 Land Amendment Act, 1913, see. 113 (7) Investments under see. 92, Native Land Amendment 1,932 16 1 24 10 3 i .. .. j .. .. j 1,908 5 10 Act, 1913 Sundry investments .. .. .. .. 570 13 4 .. j 88 12 2 34 0 7 .. 429 5 10 j .. 18 14 9 28,046 10 6 1,582 16 11 8,234 16 5 4,721 6 4 1 3,616 6 5 6,445 19 0 ! 2,853 13 0 j 591 12 5 Commissions (not including transfers from blocks) .. .. 2,442 5 3 81 16 2 299 7 9 ! 838 10 10 385 13 11 390 9 10 270 14 0 175 12 9 Receipts in reduction of advances and overdrafts .. 440 10 2 j 23 19 2 321 19 11 | 40 9 0 .. .. j 54 2 1 Advances to other Boards repaid .. .. ..I 10,000 0 0 ! .. I 2,000 0 0 j 3,000 0 0' .. .. 3,000 0 0 2,000 0 0 Advances from other Boards .. .. .. | 10,000 0 0 j 1,000 0 0 .. I .. 3,000 0 0 6,000 0 0 .. : Proceeds of sales and other credits from Morikau Farm.. j 6,615 13 7 j .. .. j .. .. 6,615 13 7 .. I ! — 27,056 3 9 : 1,023 19 2 2,321 19 11 { 3,040 9 0 3,000 0 0 12,615 13 7 j 3,054 2 1 | 2,000 0 0 Post Office imprest (overdrawn) .. .. .. 768 5 0 .. .. i .. .. 36 15 11 731 9 1! Miscellaneous receipts (including sundry deposits for j 8,225 7 9 2,290 19 7 2,556 13 1 j 444 8 10 1,353 8 0 1,162 17 4 231 4 11 185 16 0 repayment, refund, and recoveries) : 8,993 12 9 Total receipts .. .. .. .. 437,690 19 3 j 31,155 19 4 81,580 16 5 55,372 9 7 92,203 4 4 97,087 7 10 I 56,338 16 0 j 23,952 5 9 Net receipts (not including Native Trust withdrawals and , .. 313,673 12 5 | 18,655 7 2 56,006 2 8 45,941 9 11 54,080 7 6 68,324 15 7 | 50,454 9 4 20,211 0 3 opening balances) !

B.—l [PT. IV, SUP.].

NATIVE DEPARTMENT— DISTRICT MAORI LAND BOARDS— continued. Combined and Separate Receipts and Payments Statements for the Year ended 31st March, 1927— continued. Payments.

85

I Totals. Tokerau. Maniapoto Waiariki. | Tairawhiti. Aotea. i Ikaroa. j South Island. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Payments to beneficiaries direct and through Post Office 255,392 17 2 15,897 16 8 48,293 17 1 35,822 9 1 43,387 14 11 55,620 15 2 j 40,885 5 7 15,484 18 8 Miscellaneous payments on behalf of beneficiaries and 26,081 0 9 1,448 13 3 3,510 12 8 4,460 13 10 6,030 11 3 9,604 16 8 891 14 1 133 19 0 Boards (including payments on deposits, refunds, &c.) Instalments of principal and interest on Treasury loan j 2,075 1 4 2,07514 under Native Land Act, 1909, section 274 Advances from other Boards repaid .. .. 10,000 0 0 1,000 0 0 .. .. 3,000 0 0 6,000 0 0 .. j 293,548 19 3 j Administration expenses .. .. .. .. .. 9,223 0 0 1,000 0 0 2,245 0 0 1,102 0 0 1,495 0 0 1,486 0 0 1,084 0 0 811 0 0 Advances on overdraft to blocks .. .. .. 3,621 4 4 3,467 19 0 .. .. .. .. 153 5 4 Morikau Farm overdraft .. .. .. .. 9,617 14 3 .. .. .. .. 9,617 14 3 Advances on deposit with Native Trustee .. .. 2,411 18 1 .. .. .. 2,411 18 1 Disbursements on behalf of East Coast Commissioner .. 6,114 10 4 .. .. .. 6,114 10 4 Advances to other Boards .. .. .. .. 10,000 0 0 .. 2,000 0 0 3,000 0 0 .. .. 3,000 0 0 2,000 0 0 31,765 7 0 | 3,467 19 0 2,000 0 0 3,000 0 0 8,526 8 5 j 9,617 14 3 j 3,153 5 4 2,000 0 0 Investments — Interest on Native Trust deposits capitalized .. 607 54. .. .. .. 38 8 0 .. 366 14 1 j 202 3 3 Mortgages .. .. .. .. .. 41,698 12 6 .. 2,250 0 0 3,000 0 0 18,491 2 6; 8,775 0 0; 7,682 10 Oj 1,500 0 0 Purchase of land, buildings, office furniture, and fittings 6,960 6 4 j 1,607 3 9 4,724 3 4 190 14 0 301 19 11 81 14 8 35 6 3 19 4 5 New Zealand Government inscribed stock .. ... 1,240 0 0 ' .. 1,240 0 0! .. .. ! .. j 50,506 4 2 j Total payments .. .. .. 385,043 10 5 126,496 14 0 64,263 13 1 1 47,575 16 11 81,271 5 0 I 91,186 0 9 j 54,098 15 4 20,151 5 4 Cash balances, 31st March, 1927 — In hand and in bank .. .. .. .. 44,583 12 6 2,859 5 4 12,317 3 4 6,931 5 5 10,559 1 7 5,901 7 1 j 2,240 0 8 3,775 9 1 Post Office imprests .. .. .. .. j 8,063 16 4 1,800 0 0 5,000 0 Oj 865 7 3 372 17 9 .. .. 25 11 4 52,647 8 10 4,659 5 4 17,317 3 4 j 7,796 12 8 10,931 19 4 ! 5,901 7 1 2,240 0 8 3,801 0 5 [437,690 19 3 ! 31,155 19 4 81,580 16 5 j 55,372 9 7 92,203 4 4 | 97,087 7 10 56,338 16 0 j 23,952 5 9 I I I I i I

B.—l [PT. IY, Sup.].

Appropriation Accounts for the Year ended 31st March, 1927.

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS— continued. Income and Expenditure Accounts for the Year ended 31st March, 1927.

86

i Total. j Tokerau. Maniapoto Waiaraki. Tainuvhiti. i Aotea. Ikaroa. ; South Island. Income. £ s. d. I £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. j £ s. d. Net interest on investments .. .. .. .. .. 17,327 11 10 1,185 6 2 4,126 4 1 3,897 12 10 2,921 0 1; 4,051 11 7 775 3 10; 370 13 3 Board commissions .. .. .. .. .. .. 5,407 19 1 457 16 11 941 0 6 875 4 0 \ 1,077 2 1 j 1,062 6 10 641 4 4 j 353 4 5 Sundry credits (registration fees, lease fees, &c.) .. .. .. 580 6 5 31 16 6 150 7 9 16 9 0 211 11 7 I 103 17 10 63 0 9 3 3 0 Balance (being losses for year) transferred to Appropriation Account .. 13 14 8 .. . • .. .. . • .. 13 14 8 23,329 12 0 1,674 19 7 j 5,217 12 4 4,789 5 10 I 4,209 13 9 j 5,217 16 3 j 1,479 8 11 j 740 15 4 Expenditure. j ■ I .■ | ■ j I . I Expenses of management — j Contribution towards expenses of Native Department .. .. 8,834 0 0 j 1,000 0 0 j 2,245 0 0 1,102 0 0 1,495 0 0 j 1,476 0 0 | 800 0 0 I 716 0 0 Audit Fees Reserve .. .. .. .. .. .. 326 14 6 ! 57 16 6 86 12 6 45 0 0 60 19 6 54 6 0 15 0 0 7 0 0 Miscellaneous office and other management expenses .. .. .. 1,340 13 5 I 114 2 8 184 6 5 297 0 3 | 355 14 1 322 18 1 49 12 10 | 16 19 1 Depreciation on building and furniture .. .. .. .. 753 1 3 14 5 6 j 12 6 11 91 16 0 393 19 0 I 236 6 7 J 3 110; 0 16 3 Balance (being surplus for year) transferred to Appropriation Account .. 12,075 2 10 488 14 11 2,689 6 6 3,253 9 7 1,904 1 2 j 3,128 5 7 611 5 1 23,329 12 0 j 1,674 19 7 : 5,217 12 4 4,789 5 10 j 4,209 13 9 j 5,217 16 3 1,479 8 11 740 15 4

Total. Tokerau. \iVuiapoto Waiaiiki. Tairawhiti. Aotea. Ikaroa. South Island. Cr. £ s. d. | £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. j £ s. d. Unappropriated balances at 1st April, 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 J 299 2 1 ; 520 4 3 Sundry office furniture and fittings, &c. (expenditure of previous years 779 6 6 11 3 1 76 11 9 .. .. IS 19 3 [ 672 12 5 written off in error) i j I 12,075 2 10 | 488 14 11 2,689 6 6 3,253 9 7 1,904 1 2 3,128 5 7 611 5 1 Surplus for the year ended 31st March, 1927, from Income and Expendi- j 73,089 4 3 j 3,438 3 6 j 21,270 10 7 17,514 5 2 8,500 8 4 i 20,262 12 10 I 1,582 19 7 j 520 4 3 ture Account j 1 r- • ! |— i Dr. Losses for year ended 31st March, 1927, from Income and Expenditure ; 13 14 8 .. ] .. .. .. .. .. ; 13 14 8 Account Appropriation during year — Sundry adjustments, previous years .. .. .. .. 28,031 17 6 83 9 5 9,961 6 0 3,498 13 3 51 19 0 14,347 13 2 12 12 9 76 3 11 Purchase of land, buildings, office furniture and fittings, &c. .. 3,639 5 8 2,509 5 0 536 11 7 190 14 0 301 19 11 15 7 6 j 66 3 3 19 4 5 31,684 17 10 ! 2,592 14 5 10,497 17 7 3,689 7 3 353 18 11 14,363 0 8 j 78 16 0 109 3 0 Unappropriated balances at 31st March, 1927 .. .. .. 41,404 6 5 ; 845 9 1 10,772 13 0 13,824 17 11 8,146 9 5 5,899 12 2 1,504 3 7 ; 411 1 3 73,089 4 3 1 3.438 3 6 21,270 10 7 17,514 5 2 8,500 8 4 20,262 12 10 1,582 19 7 520 4 3 i

B.—l [PT. IV, SUP.] .

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS— continued. Combined and Separate Balance-sheets as at 31st March, 1927. Liabilities.

87

Totals. Tokerau. | AlJniapoto Waiariki. ! Tairawhiti. Aotea. Ikaroa. j South Island. Liability to Native beneficiaries — £ s. d. £ s. d. £ s. d. £ s. d. f s. d. £ s. d. £ s. d. £ s. d. £ s. d. Amounts held under Native Land Amendment Act, 1913, see. 92— Specially invested .. .. .. .. 114,368 6 7 .. 45,625 19 9 1,500 0 0 .. 31,342 0 0 33.550 6 10 2,350 0 0 Not specially invested .. .. .. .. 52,738 12 0 6.469 11 9 5,255 15 2 .. 9,773 3 1 22,116 5 10 7,135 13 5 1,988 2 9 =—167,106 18 7 Other amounts held— Specially invested .. .. .. .. 8.186 7 3 119 2 3 5,567 5 0 2.500 0 0 Not specially invested .. .. .. .. 351,238 19 8 37,609 12 11 84,979 10 0 72,892 0 5 64,741 12 4 61,767 9 5 17,463 8 1 11,785 6 6 359,425 6 11 Sundry amounts held on deposit and in Suspense .. .. 221 4 9 21 2 0 33 10 9 76 11 6 .. .. 90 0 6 Sundry creditors .. .. .. .. .. .. 2,972 16 5 17 19 9 49 15 6 10 6 8 .. 2,151 12 5 740 12 1 2 10 0 Trust receipts receivable (as per contra) ... .. .. 52,846 10 7 1,306 17 11 18,032 9 11 4,068 4 10 .. 27,879 10 5 1,090 3 4 469 4 2 Commission receivable (not yet earned) .. .. .. 735 9 10 28 19 5 242 19 9 196 18 3 .. 226 10 5 13 11 1 26 10 11 Treasury loans under Native Land Act, 1909, sec. 274 .. .. 12,504 2 0 12,504 2 0 .. .. .. .. Loan liability on blocks, &c. .. .. .. .. 38,920 14 11 4,242 1 3 .. .. 67 19 3 34,610 14 5 Property Reserve (amounts appropriated for acquisition .. 28,219 14 10 3,680 10 3 1,690 14 9 2,437 12 4 7,495 13 10 12,829 16 0 66 3 3 19 4 5 of office premises, &c.) ; Investment Reserve (amount appropriated for investments) .. 26,501 2 1 .. 9,835 0 0 3,448 13 3 .. 13.217 8 10 Depreciation Reserve .. .. .. .. .. ; 1,840 15 0 33 5 7 30 2 8 265 4 9 393 19 0 1,111 16 6 5 10 3 0 16 3 Audit Fees Reserve .. .. .. .. .. 352 8 6 57 16 6 86 12 6 45 0 0 60 19 6 80 0 0 15 0 0 7 0 0 Other reserves (Anzac Avenue property purchases) .. j .. 982 1 8 491 0 10 491 0 10 Appropriation Account .. .. .. .. j .. 41,404 6 5 845 9 1 10,772 13 0 13,824 17 11 8,146 9 5 5,899 12 2 1,504 3 7 411 1 3 734,033 12 6 67,427 11 6 182,693 9 7 101,265 9 11 90,679 16 5 213,232 16 5 61,674 12 5 17,059 16 3

B.—l [PT. IV, SUP.] .

6th June, 1927. R. N. Jones, Under-Secretary. I hereby certify that the Statement of Receipts and Payments, Income and Expenditure Account, Appropriation Accounts, and Balance-sheet have been duly examined and 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.—J. H. Fowlek, Deputy Controller and Auditor-General.

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS— continued. Combined and Separate Balance-sheets as at 31st March, 1927— continued. Assets.

88

J Totals. ! Tokerau. Vjuiiapoto I Waiarikl. Tairawhiti. [ Aotea. I Ikaroa. South Island. Cash balance, 1st April, 1927— £ s. d. £ s. d. £ s. d. I £ s. d. | £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. In hand and in bank .. .. .. .. 44,583 12 6 .2,859 5 4 12,317 3 4) 6,931 5 5 10,559 1 7 5,901 7 1 2,240 0 8 3,775 9 1 Post Office imprests .. •• .. .. 8,063 16 4 j | 1,800 0 0 5,000 0 0 865 7 3 372 17 9 .. .. 25 11 4 1 52,647 8 10 4,659 5 4 j 17,317 3 4 7,796 12 8 10,931 19 4 5,901 7 1 2,240 0 8 3,801 0 5 Investments — j Trust mortgages .. .. .. .. 142,994 8 9 ! 2,508 6 8 144,964 5 0| 4,000 0 0 18,729 0 3 29,542 0 0 39,750 16 10 3,500 0 0 Trust freehold property .. .. .. .. 4,556 2 7 ! 2,556 2 7 2,000 0 0 Other investments — New Zealand Government inscribed stock .. .. 29,040 0.0 | .. 1,240 0 0 .. j 25,000 0 0 1,300 0 0 1,500 0 0 New Zealand Government war-loan debentures .. 500 0 0 j .. .. .. .. 500 0 0 On deposit with Native Trustee .. .. .. 319,964 10 3 27,859 9 7 81,254 12 4 78,839 8 6 28,423 9 7 77,735 0 0 16,665 2 10 9,187 7 5 Company debentures under Native Land Amendment Act, 1913, section 29 .. .. .. .. 2,242 8 10 .. .. .. .. 2,242 8 10 Board mortgages .. .. .. .. 24,258 13 3 .. 9,835 0 0 3,448 13 3 .. 10,975 0 0 523,556 3 8 32,923 18 10 139,293 17 4 j 86,288 1 9 j 72,152 9 10 122,294 8 10 57,915 19 8 12,687 7 5 Advances on overdraft to blocks .. .. .. 24,561 3 0 | 12,269 14 10 2,567 4 7 167 6 8 80 18 10 9,189 11 1 245 4 7 41 2 5 Morikau and other blocks loans .. .. .. 34,610 14 5 j .. .. .. .. 34,610 14 5 Printing and stationery stock on hand .. .. 145 2 2 I 18 18 0 18 18 0 ! 30 10 3 18 14 7 47 3 1 10 18 3 Accrued interest on investments .. .. .. 317 4 7! .. .. 159 3 2; .. 158 15 Sundry debtors — Trust receipts (as per contra) — Rents .. .. .. .. .. 20,714 17 0 1,112 2 10 8,644 0 6i 4,068 4 10 .. 5,760 13 0 1,067 8 4 62 7 6 Royalties .. .. .. .. .. 17,643 6 10 .. 682 11 11 ! .. .. 16,553 18 3 .. 406 16 8 Interest .. .. .. .. 3,S80 15 1 7 4 0 2,427 13 5| 100 0 0 .. 1,323 2 8 22 15 0 Purchase-money instalments .. .. .. 13,862 16 7 I 42 16 0 9,578 4 1 .. .. 4,241 16 6 j Board receipts — Sundry miscellaneous transactions .. .. 20 1 0 .. .. j .. .. 20 1 0 Interest .. .. .. .. •• 613 17 6 180 0 0 ! 230 1 11 i 21 0 0 .. 74 17 6 92 11 7 15 6 6 Commission .. .. .. .. .. 736 5 0 28 19 5 242 19 9 j 196 18 3 . . 227 5 7 13 11 1 26 10 11 117,106 3 2 13,659 15 1 ! 24,391 14 2 ! 4,743 3 2 99 13 5 72,207 4 6 1,452 8 10 552 4 0 ! 1 Land and buildings .. .. .. .. 25,876 11 11 | 3,479 17 o! 1,509 2 0| 2,142 1 7 6,696 3 10 12,049 7 6 Office furniture and fittings .. # 2,343 2 11 200 13 3 j 181 12 9 295 10 9 799 10 0 780 8 6 66 3 3 19 4 5 1 28,219 14 10 3,680 10 3 I 1,690 14 9 j 2,437 12 4 7,495 13 10 12,829 16 0 66 3 3 19 4 5 Loans from Treasury under Native Land Act, 1909, sec. 274, charged on blocks .. .. .. .. 12,504 2 0 12,504 2 0 |734,033 12 6 67,427 11 6 182,693 9 7 101,265 9 11 90,679 16 5 213,232 16 5 61,674 12 5 17,059 16 3

B.—l [PT. IY, Sup.] .

NATIVE TRUST OFFICE. Revenue Account foe the Yeae ended 31st Maech, 1927. Dr. Gr. £ s. d. To Salaries— £ s. d. £ s. d. By Commission, fees, and Permanent .. .. .. 8,081 16 5 " charges .. .. 4,786 16 8 Non-permanent .. .. 595 16 0 Net interest on investments 12,618 0 8 8,677 12 5 Additions, improvements, repairs, maintenance, and insurance of premises, plant, &c. — Office furnituie and fittings .. 30 6 5 Office instruments and machinery 13 6 2 Office insurance .. .. 6 13 6 Office premises .. .. 2 11 7 Motor- vehicles .. .. 520 18 11 573 16 7 Audit fee for inspection of accounts .. .. 50 0 0 Maori Ethnological Research Fund, contribution towards .. .. .. . . .. 250 0 0 Native Trust Office Board—Pecs to members .. 30 0 0 Overtime and meal allowances.. .. .. 0 18 6 Postages, telegrams, and rent of boxes .. .. 213 7 9 Post and Telegraph Department—Payment for services .. .. .. .. .. 94 13 0 Printing and stationery .. .. .. 247 10 9 Public Service Superannuation Fund, contribution towards .. .. .. .. .. 129 7 2 Rent .... . . .. .. .. 497 10 0 Services for cleaning, &c. .. .. .. 160 14 11 Telephone charges .. . . .. .. 109 11 2 Travelling-expenses . . .. .. .. 446 11 2 Contingencies .. .. .. . . 32 17 9 Depreciation of office fittings, furniture, plant, &c. 362 9 5 Net profit to Appropriation Account .. .. 5,527 16 9 £17,404 17 4 £17,404 17 4 Appropriation Account foe the Yeae ended 31st Maech, 1927. Dr. £ s. d. Gr. £ s. d. To Reserve and Assurance Fund .. 4,975 16 9 By Net profit for year ended 31st March, Investment Fluctuation Fund .. 552 0 0 1927, transferied. .. .. .. 5,527 16 9 £5,527 .16 9 £5,527 16 9 Balance-sheet as at 31st Maech, 1927. Liabilities. Assets. Amounts held under— £ s. d. Sundry assets— £ s. d. £ s. d. West Coast Settlement Re- Office fittings .. .. .. 186 12 5 serves Act, 1892 .. 62,168 14 8 Less depreciation .. .. 61 5 4 Native Reserves Act, 18S2 50,822 17 7 125 7 1 Native Land Act, 1909 Office furniture .. .. .. 512 0 7 (Part X) .. .. 124,652 11 7 Less depreciation .. .. 66 15 5 Native Land Act, 1909 445 5 2 (Miscellaneous) .. 38,800 2 4 Office instruments and machinery .. 317 9 9 Native Trustee Act, 1920, Less depreciation .. .. 77 16 7 and amendments .. 34,000 8 4 239 13 2 Miscellaneous funds (including Motor-vehicles .. .. .. 562 0 9 Maori Land Board accounts) 419,259 13 11 Less depreciation .. .. 156 12 1 Sundry creditors .. .. 38 19 5 405 8 8 Writings-off in Suspense .. 152 17 6 Stationery .. .. .. .. 197 1 11 Reserve and Assurance Fund 61,496 1 6 Investment Fluctuation Fund 5,803 4 0 1,412 16 0 Stocks, bonds and debentures—Local bodies'securities .. .. .. 167,790 0 0 Mortgages (including special investments) .. .. .. .. 585,281 19 7 Interest due and accrued .. .. .. 19,389 12 4 Sundry debtors — Advances to accounts, &c. .. .. .. .. 8,852 19 7 Balances— At bank .. .. .. 11,944 6 3 With agents .. .. .. 2,395 9 4 Cash in hand .. .. .. 1.28 7 9 14,468 3 4 £797,195 10 10 £797,195 10 10 W. E. Rawson, Native Trustee. 21st April. 1927. R. Sinel, A.R.A.N.Z., Accountant. The Audit Office, having examined the Balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. —J. H. Fowler, Deputy Controller and Auditor-General.

12— B. 1 [PT, IY, SUP.] .

89

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NAURU AND OCEAN ISLANDS ACCOUNT. Revenue Account foe the Year ended 31st Maech, 1927. Dr. £ s. d. Or. £ s. d. To Interest on debentures .. .. .. 26,973. 3 5 By Annual payment from British Phosphate ComAdministration charges . . .. . . 500 0 0 mission .. .. .. •• 35,848 11 2 Audit charges .. . . .. ■ 710 0 Interest on investments .. .. .. 204 7 0 Balance (to Appropriation Account) .. 8,572 4 9 £36,052 18 2 £36,052 18 2 Appropriation Account for the Year ended 31st March, 1927. £ s. d. | £ s. d. To Sinking Fund Reserve Account .. .. 8,023 16 11 jßy Balance, Ist April, 1926 .. .. .. 16,315 19 9 Balance, 31st March. 1927 .. .. 16,864 7 7 I Revenue Account .. .. .. 8,572 4 9 I ' j £24,888 4 6 j £24,888 4 6 I ".-aramr-rm= Balance-sheet as at 31st March. 1927. Liabilities. ■ Assets. Loan raised under section 15 of £ s. d. £ s. d. j Share (16 per cent.) —Nauru and Ocean Islands £ s. d. the Finance Act, 1920 .. 600,000 0 0 | phosphate rights .. .. .. .. 565,040 0 0 Less debentures redeemed .. 68,450 0 0 ! Proportion of annual payment from British 531,550 0 0 Phosphate Commission and other interest Interest accrued .. .. .. .. 8,854 18 4 ; accrued but not due .. .. .. 27,128 19 10 Reserve Account .. .. .. .. 33,490 0 0 | Investments .. .. .. . . 3,200 0 0 Sinking Fund Reserve Account .. .. 4,823 12 9 j Cash— £s. d. Appropriation Account .. .. .. 16,864 7 7; Nauru and Ocean Islands Account 50 710 Nauru and Ocean Islands Sinking Fund Account .. .. 163 11 0 213 18 10 £595,582 18 8 | £595,582 18 8 Notes.—Debentures amounting to £8,300 have been redeemed out of sinking fund. The accounts of the British Phosphate Commission for the year ended 30th June, 1926, are published herewith. sth September, 1927. . T. G. Gilbert, 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.-—G. F. 0. Campbell, Controller and Auditor-General. THE BRITISH PHOSPHATE COMMISSION. Trading Account foe the Year ended 30th June, 1926. Dr. £ s. d. Cr. £ s. d. To F.o.b. cost of phosphate, including interest on -By Phosphate sales and sundry credits; less freight capital, contribution to a sinking fund for i and insurance .. ... .. 611,653 17 6 the redemption of capital, and other charges in accordance with Article 11 of Agreement of the 2nd July, 1919 .. .. .. 607,256 2 3 Government Appropriation Account .. 4,397 15 3 £611,653 17 6 j £611,653 17 6 Balance-sheet as at 30th June, 1926. Liabilities. £ s. d. Assets. £ s. d' United Kingdom Government .. .. 1,447,595 7 4 Nauru and Ocean Island phosphate rights, Commonwealth Government .. .. 1,447,595 7 4 buildings and plant, and steamer "Nauru New Zealand Government .. .. 551,464 18 6 Chief," less reserves for depreciation and — other charges in accordance with Article 11 3,446,655 13 2 of Agreement of the 2nd July, 1919 .. 2,946,035 4 2 Sinking fund for redemption of capital .. 84,844 610 Sundry debtors, bills receivable and outstandSundry creditors .. .. .. .. 80,151 18 10 ings .. .. .. .. 247,951 16 9 Government Appropriation Account .. 74,015 14 2 i Voyages in progress .. .. .. 21,238 18 1 Phosphate and goods in transit .. .. 110,301 10 2 ! Stocks at Nauru and Ocean Island and Australia .. .. .. .. 267,486 4 0 j Cash at banks and in hand .. .. 92,653 19 10 £3,685,667 13 0 £3,685,667 13 0 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, Bribkley, and Sully, Public Accountants, Auditors.-—Melbourne, 3rd December, 1926.

90

91

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NAVAL DEFENCE.

Statement of Receipts and Payments for the Yeah ended 31st March, 1927. Receipts. | Payments. To Pay, clothing, and victualling — £s.d.[ By Mi pay and wages— £s. d. Pay, administrative staff .. .. 28 0 " Pay, administrative staff .. .. 4,469 14 4 Pay, officers and ships'companies .. 1,520 83 i Pay, H.M.S. " Diomede" .. .. 7 1 Clothing purchases .. .. .. 7,453 12 7 Pay, H.M.S. " Dunedin" .. .. 11 4 Victualling of personnel .. .. 5,100 19 10 ! Pay, R.F.A. " Nucula ".... 7 9 Admiralty on account of coal .. .. 1,133 11 6 Pay, H.M.S. " Philomel" .. .. 42*403 17 10 Stores, &c., issued to H.M. ships sold .. 5,737 59 j Charges for and incidental to administration Rent .. .. .. . . .. 71 16 0 j expenses of allotments .. .. .. 417 0 0 Salvage plant, tug " Toia " .. .. 4,700 00 j Clothing, Implements, and Victualling-stores— Miscellaneous — j Clothing purchases .. ~ " ~ 8,407 10 4 Kit-upkeep allowance .. .. .. 81 0 J Kit-upkeep allowance .. .. .. 170 6 4 Purchase of mess traps and implements .. 30 92 [ Purchase of mess-traps .. .. 1,560 0 7 Medical treatment ashore .. .. 60 0 Leave allowance .. .. .. 3'902 15 4 Stores, medical .. .. .. 88 19 1 Victualling of personnel .. .. 38,034 14 0 Repairs, &c., H.M.S. " Dunedin " .. 02 2 | Medical services— Oiler " Nucula" .. .. .. 3 6 0 Dental treatment ashore .. .. 363 13 6 Oil fuel for tanks and ships .. .. 1,434 10 0 Medical examination of recruits .. .. 185 17 0 Erection of oil-tanks .. .. .. 67 7 0 Medical treatment ashore .. .. 1,132 0 4 Reserves —Pay and alio .varices .. .. 40 0 0 Medical stores, &c. .. .. .. 416 0 2 Reserves —Medical examination .. .. 33 0 Repairs, alterations, and docking— Adveitising, &c. .. .. .. Il l Admiralty, on account of Calliope Dock .. 5,000 0 0 Freight, &c. .. .. .. .. 65 10 7 H.M.S. " Diomede ".... .. 1,784 4 3 Gunnery and Torpedo Efficiency Fund .. 06 4 H.M.S. "Dunedin" .. .. .. 1 909 19 3 Passages, &c. .. .. .. .. 978 18 7 H.M.S. "Philomel" .. .. .. 895 19 9 Postages, &c. .. .. .. .. 169 7 3 Fuel and lighting— Printing and stationery .. .. 317 7 Oiler " Nucula .. .. .. 11,685 6 ] Telephone services' .. .. .. 04 8 Coal H.M.S. " Philomel ".. ~ 275 14 7 Trawler, initial expenses of .. .. 019 10 Coal stocks at Auckland and Suva .. 1,217 16 0 Typewriters, &c. .. .. .. 43 11 Electricity from shore to ships .. .. 4,587 10 4 Deferred pay, &c.. .. .. .. 19 10 6 Gas for buildings at Devonport .. .. 42 13 11 Stores, Ac., supplied by Admiralty .. 4,227 011 Oil fuel for tanks and H.M. ships .. 19,785 16 1 Miscellaneous Revenue — Stores— Forfeited deferred pay .. .. .. 604 12 1 Naval engineers', &c. .. .. .. 38,713 14 8 Purchase of discharges .. .. .. 99 0 0 Mine-sweeping gear .. .. .. 1,246 19 10 Recoveries on account of previous year's Saluting-guns, H.M.S. " Philomel" .. 130 19 8 expenditure— Spare propellers, &c., H.M.S. " Diomede" 997 14 3 Refund of amount of Navy bill .. .. 414 16 8 Motor-boat, H.M.S. " Philomel ".. 750 0 0 Sale of typewriters . . .. .. 74 0 Works— Net issues from the Treasury .. . . 525,897 16 6 Additional berthing for H.M. ships .. 9,239 9 7 Additions to sick-quarters at Devonport .. 590 8 1 Conversion of Fort Takapuna .. .. 1,222 18 3 Erecting and furnishing lecture-room .. 568 6 11 Erection of two oil-tanks at Devonport .. 6,050 17 6 Maintenance of dockyard plant, &c. .. 332 12 4 Repairs to jetty at Suva .. .. 70 12 2 Salvage plant, tug." Toia" .. .. 4,700 0 0 Store for reserve torpedoes .. .. 292 12 9 Upkeep and improvement of recreationground .. .. .. 205 Reserves — Courses of instruction, &c. .. . . 3,537 16 2 Miscellaneous effective services— Advertising, &o. .. .. .. 695 15 ] 1 Allowances in lieu of quarters .. .. 532 17 6 Bonuses to recruiters .. .. .. 76 0 0 Cleaning Navv Office .. .. .. 52 TO 0 Compensation for injuries .. .. 1,281 16 0 Freight, insurance, &c. .. .. 6,663 0 1 Gunnery and Torpedo Efficiency Fund .. 152 13 3 Interments .. .. .. .. 27 12 6 Office fittings .. .. .. .. 121 I 7 Passages, &c. .. .. .. .. 21,931 10 5 Playing harmonium at Divine service .. 4 19 0 Postages, &c. .. .. .. .. 617 10 I Printing and stationery .. .. 449 19 0 Rebate of duty .. .. .. 16 9 10 Rent of Navy Office, &c. .. .. 402 . 0 0 Telephone services . . .. .. 149 11 4 Training of New Zealand ratings in United Kingdom .. .. . . .. 357 4 4 Training Service Fund .. .. .. 100 11 9 Trawler for training purposes, initial expenses 8,151 17 8 Typewriters, repairs and renewals .. 70 19 11 Non-effective service— Admiralty, on account of — Unemployment Fund for ratings .. 96 18 7 Widows pensions .. .. .. 683 13 5 Deferred pay, &c. .. .'. .. 51,251 12 11 National health insurance to Admiralty .. 994 5 9 Panama Canal dues .. .. .. 28 11 5 Stores supplied, &c., and work done by Admiralty .. .. .. .. 57,500 0 0 Contingencies— Barrack damages at Trentham .. .. 5 2 4 Civilian witness at Court of Inquiry .. 1 10 0 Exchange paid .. .. .. 8 0 6 Inclining expenses, " Wakakura " .. 56 3 0 Long-service and good-conduct gratuity ~ 20 0 0 Miscellaneous payments, H.M.S. " Dunedin," for March, 1927 .. .. 49 13 0 . £559,896 9 10 j £559,896 9 10 13th May, 1927. E. L. It. Fletcher, 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.— Gr. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IY, Sup.] .

POLICE DEPARTMENT. Income and Expenditure Account fob the Year ended 31st March, 1927. Expenditure. Income. To Administrative charges— £ s. d. £ s. d. £ s. d. Salaries .. .. .. 324,158 11 6 By Subsidies from local bodies .. .. .. 3,682 14 11 Rent .. .. .. 2,287 9 5 License fees, Arms Act .. .. .. 2,193 2 0 Office expenses .. .. 772 15 8 Sale of confiscated firearms .. .. .. 74 1 4 Printing and stationery .. 5,714 12 8 Sale of confiscated liquor .. .. ~ 58 17 5 Postage and telegrams .. 4,342 3 4 Payments for special police services ~ 250 16 7 Telephones .. .. 6,189 16 1 Excess of expenditure over income .. ..455,821 911 House allowances.. .. 21,670 19 9 Transfer expenses .. 2,993 19 4 Travelling-expenses .. 15,337 13 0 383,468 0 9 Other charges— Upkeep of bicycles, horses, and motor-vehicles .. 9,405 10 3 Freight, cartage, &c. .. 237 8 2 Clothing, stores, &c. .. 9,365 18 10 Fuel, light, water, scavenging 4,286 19 8 Police prosecutions .. 1,395 9 1 Prisoners' rations .. 936 15 7 Maintenance and repairs to buildings, &c. .. .. 9,626 2 8 Rewards .. .. 138 6 10 Medical expenses .. 294 17 6 Police examinations .. 60 0 6 Compassionate allowances .. 181 13 6 Legal expenses .. .. 42 0 0 Sundries .. .. 36 2 4 36,007 4 11 Depreciation on— Buildings .. .. 10,254 10 8 Motor-vehicles .. .. 792 1 0 Furniture and fittings .. 685 19 1 Automatic pistols .. 636 8 0 Horses .. .. ~ 31 5 3 Stores and equipment .. 785 8 7 13,185 12 7 Loss on surplus furniture sold 3 6 9 Loss on unserviceable stores sold .. .. .. 20 14 5 Value of stores, &e., lost .. 9 3 0 33 4 2 Interest on capital .. .. .. 29,386 19 9 £462,081 2 2 £462,081 2 2 Note.—The accounts include charges for interest and expenditure on construction of buildings for which the Department possesses no parliamentary appropriation, and also credit for rent from the Valuation Department for which that Department possesses no parliamentary appropriation.

92

B.—l [PT. IV, SUP.].

POLICE DEPARTMENT—continued. Balance-sheet as at 31st Maeoh, 1927. Liabilities. Assets. Capital liability to Treasury at Ist April, £ s. d. Land— £ s. d. £ s. d. 1926 .. .. .. .. 653,044 4 0 Gross value at Ist April, 1926 .. .. 212,357 16 0 Treasury Adjustment Account .. 401,856 6 5 Additions .. .. .. .. 5,280 19 0 Sundry creditors .. .. .. 2,420 13 3 Depreciation Reserve .. .. 69,670 18 11 217,638 15 0 Value of land transferred for education purposes .. .. .. .. 600 0 0 — 2.17,038 15 0 Buildings— Gross value at Ist April, 1926 .. ..389,774 19 0 Additions .. .. .. .. 11,201 15 4 400,976 14 4 Sale of building .. .. .. 2 10 0 400,974 4 4 Writings off Suspense Account—Loss on sale of buildings .. .. .. 530 0 0 400,444 4 4 Stores and equipment— Value at Ist April, 1926 .. .. 27,539 19 7 Additions .. .. .. .. 5,654 19 5 33,194 19 0 £ s. d. Sales .. .. .. 191 18 9 Free issues .. .. 3,498 2 8 Worn out, &c. .. .. 145 310 3,835 5 3 29,359 13 9 Writings off Suspense Account—Loss on sales, &c. .. .. .. .. 48 19 3 29,310 14 6 Office furniture — Value at Ist April, 1926 .. .. 9,210 11 9 Additions .. .. .. .. 205 10 1 9,416 1 10 £ s. d. Worn out, &c. .. .. 55 14 5 Sales .. .. .. 4 14 6 60 8 11 9,355 12 11 Writings off Suspense Account—Loss on sales .. .. .. .. 3 6 9 • — 9,352 6 2 Motor-vehicles — Gross value at Ist April, 1926 .. ~ 5,528 11 2 Additions .. .. .. .. 14 17 0 5,543 8 2 Value of vehicles sold .. .. .. 305 0 0 5,238 8 2 Writings off Suspense Account—Value of spare wheel lost .. .. .. 6 10 0 5,231 18 2 Horses —Value at 31st March, 1927 .. .. 199 0 0 Automatic pistols—Value at 31st March, 1927 .. 8,485 6 6 Official stamps on hand .. .. .. .. 943 5 1 Sundry debtors .. .. .. .. 165 2 11 Excess of expenditure over income .. .. 455,821 9 11 £1,126,992 2 7 £1,126,992 2 7 R F. Madden, Chief Clerk. 1 hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental note. —G. F. C. Campbell, Controller and Auditor-General.

93

B.—l [PT. IV, SUP.].

POST AND TELEGRAPH DEPARTMENT. General Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Postal Branch loss .. .. .. 9,136 5 2 By Toll Branch profit .. .. .. 83,642 010 Telegraph .. .. .. .. 100,931 17 7 Telephone .. .. .. .. 48,724 15 9 Wireless .. .. .. .. 8,466 13 3 Garages .. .. .. ~ 1,449 9 2 Net profit .. .. .. .. 15,281 9 9 £133,816 5 9 £133,816 5 9 General Profit and Loss Appropriation Account, 1926-27. Dr. £ s. d. Cr. £ s. d. To Balance forward .. .. .. 49,609 16 11 By General Profit and Loss Account .. .. 15,281 9 9 Balance .. .. .. .. 34,328 7 2 £49,609 16 11 £49,609 16 11 POSTAL BRANCH. Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s . d. To Working-expenses .. .. ..1,230,727 4 1 By Postages (d) .. .. .. ..1,104,190 7 9 Depreciation(c) .. .. .. .. 25,173 7 8 Services performed for other Departments .. 79,011 9 0 Profit before charging interest on capital, Rents received (a) .. .. .. 7,864 7 0 carried down .. .. .. .. 38,433 9 1 Private box and bag rents .. .. 30,197 19 3 Rural delivery fees .. .. .. 12,924 0 4 Money-order and postal-note commission .. 49,671 9 6 ! Miscellaneous revenue .. .. .. 10,474 8 0 £1,294,334 0 10 , £1,294,334 0 10 £ s. d. £ s. d. To Interest on capital (6) .. .. .. 47,569 14 3 By Profit brought down .. .. .. 38,433 9 1 Loss on year's working transferred to General Profit and Loss Account .. .. 9,136 5 2 £47,569 1.4 3 | £47,569 14 3 TELEPHONE BRANCH. Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. I Cr. £ s. d. To Working-expenses f .. .. .. 419,223 0 5 I By Telephone revenue .. .. .. 989,902 14 7 Depreciation (c) .. .. .. 318,374 18 2 j Rents received (a) .. .. ~ 2,974 6 4 Profit before charging interest, carried down... 255,279 2 4 £992,877 0 11 £992,877 0 11 £ s. d. | £ s. d. To Interest on capital (6) .. .. .. 206,554 6 7 i By Balance brought down .. .. .. 255,279 2 4 Profit on year's working transferred to General Profit and Loss Account .. ... 48,724 15 9 j £255,279 2 4 j £255,279- 2 4 TELEGRAPH BRANCH. Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s . d. To Working-expenses ... .. .. 496,536 010 By Telegraph revenue (d) .. .. .. 414,144 13 10 Depreciation (c) .. .. .. 31,139 1 5 Miscellaneous revenue .. .. .. 38,011 14 4 Rents received (as) .. .. .. 1,039 7 8 Loss, before charging interest, carried down .. 74,479 6 5 £527,675 2 3 £527.675 2 3 £ s. d. £ s. d. To Loss brought down .. .. .. 74,479 6 5 By Loss on year's working .. .. .. 100,931 17 7 Interest on capital (b) .. . .. 26,452 11 2 £100,931 17 7 £100,931 17 7

94

B—l [PT. IV, Sup.].

POST AND TELEGRAPH DEPARTMENT—continued. TOLL BRANCH. Profit and Loss Account fob the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To Working-expenses .. .. .. 163,847 12 2 By Toll revenue (d) .. .. .. .. 372,771 11 4 Depreciation (c) .. .. .. .. 68,983 7 1 Rents received (a) .. .. .. 2,302 10 5 Profit before charging interest, carried down.. 142,243 2 6 £375,074 1 9 £375,074 1 9 £ s. d. £ s. d. To Interest on capital (6) .. .. .. 58,601 1 8 By Profit brought down .. .. .. 142,243 2 6 Profit on year's working . . .. .. 83,642 0 10 £142,243 2 6 * £142,243 2 6 WIRELESS BRANCH. Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Gr. £ s. d. To Working-expenses .. .. .. 11,067 11 2 By Revenue on wireless traffic (d) .. .. 7,792 3 1 Depreciation (c) .. .. .. .. 3,261 15 7 Loss before charging interest on capital, carried down .. .. .. .. .. 6,537 3 8 £14,329 6 9 £14,329 6 9 £ s. d. To Loss brought down .. . . .. 6,537 3 8 By Loss on year's working transferred to General £ s. d. Interest on capital (b) .. .. .. 1,929 9 7 Profit and Loss Account.. .. .. 8,466 13 3 £8,466 13 3 £8,466 13 3 SAVINGS-BANK BRANCH. Profit and Loss Account for the Year ended 31st March, 1927. Dr. Gr. To Interest credited to depositors' accounts £ s. d. By Interest received during £ s. d. £ s. d. during year ended 31st March, 1927 .. 1,767,426 2 8 year .. .. 1,954,536 15 0 Management expenses .. . . .. 95,000 0 0 Plus interest accrued to Carried to Savings-bank Profit and Loss 31st March, 1927 . . 567,696 10 6 Appropriation Account .. .. 104,154 15 5 —— 2,522,233 5 6 Less interest accrued on 31st March, 1926 .. 561,475 11 5 1,960,757 14 1 Sundry receipts .. .. .. 5,823 4 0 £1,966,580 18 I £1,966,580 18 1 Profit and Loss Appropriation Account, 1926-27. Dr. Gr. £ s. d. To Savings-bank profits paid to Consolidated £ s. d. By Balance forward .. .. .. 190,282 10 2 Fund .. .. .. .. 190,000 0 0 Savings-bank profit .. .. .. 104,154 15 5 Balance .. .. .. .. 104,437 5 7 £294,437 5 7 £294,437 5 7 SERVICE GARAGE. Profit and Loss Account for the Yeah ended 31st March, 1927. Dr. £ s. d. Gr. £ s. d. To Working-expenses .. .. .. 49,685 6 1 ■ By Revenue .. .. .. .. 64,308 1.7 9 Depreciation (c) .. ~ .. .. 9,741 13 8 Profit before charging interest, carried down .. 4,881 18 0 £64,308 17 9 £64,308 17 9 £ s- d. £ s. d. To Interest on capital'(6) .. .. .. 3,432 810 By Balance brought down ~ .. .. 4,881 18 0 Profit on year's working transferred to General Profit and Loss Account.. .. .. 1,449 9 2 £4,881 18 0 £4,881 18 0

95

POST AND TELEGRAPH DEPARTMENT— continued. Balance-sheet as at 31st March, 1927. Receipts and Expenditure on Capital Account.

General Balance-sheet. Liabilities. £ s. d. Assets. £ s. d, Capital Account. Balance at credit .. .. .. .. .. 643,009 14 3 Stock at stores, District Telegraph Engineers', and workshops, and in transit .. 741,398 15 7 Sundry creditors— £ s. d. Sundry debtors — £ s. d. Money-order payees, for unpaid money-orders .. 67,036 5 4 Other Administrations, on Money-order Account .. 4,518 2 2 Other Administrations, on money-order, postal, and cable Government Departments .. .. .. .. 90,564 12 9 accounts .. .. .. .. .. 134,651 11 6 Sundry other debtors .. .. .. .. 58,236 12 11 Postal-note payees, for unpaid postal notes .. .. 66,660 15 0 153,319 7 10 Sundry other creditors .. .. .. .. 450,095 15 7 Savings-bank Account— Other Government Departments, for balance due on 31st Investments .. .. .. .. .. .. 49,334,791 16 9 March, 1927 .. .. .. .. .. 342,501 5 8 Interest accrued, 31st March, 1927 .. .. .. .. .. 567,696 10 6 1,060,945 13 1 War-loan Certificate Account— Assets written off Reserve Account .. .. .. .. .. 11,371311 Investments held in Government loans .. .. .. .. 433,140 0 0 Savings-bank Account— Post Office Investment Certificate Account— At credit of depositors .. .. .. .. .. .. 48,985,501 18 5 Investments held in Government loans .. .. .. 145,260 0 0 On transfer, New Zealand and other Administrations .. .. .. 21,417 6 7 £ s. d. Reserve Fund .. .. .. .. .. 1,000,000 0 0 I Postmasters' balance held .. .. .. .. 1,101,433 15 2 Savings-bank Profit and Loss Appropriation Account .. .. .. 104,437 5 7 j Cash in bank (Head Office Account) .. .. .. 526,565 4 5 War Loan Certificate Account .. .. .. .. .. . • 467,593 10 8 i — 1,627,998 19 7 Post Office Investment Certificate Account .. .. .. .. 143, 836 11 10 Assets written off Suspense Account .. .. .. .. .. 11, 371311 Money-order Settlement Account .. .. .. .. .. 4,347 6 5 j Excess of expenditure over revenue to 31st March, 1927 .. .. .. 34,328 7 2 Post Office Savings-bank Deposit Account .. .. . . .. 3,875 0 0 j Treasury Adjustment Account .. .. .. .. .. .. 1,595,327 14 3 Postmasters— For advance to Postmasters of stamps, postal notes, British postal orders, Post Office investment certificates, and other documents of value, including stocks held in the General Post Office .. .. .. 703,988 18 3 Depreciation Reserve .. .. .. .. .. .. 1,494, 308 6 7 £54,644,632 15 7 : £54,644,632 15 7 Notes.—(a) Credit has been taken without appropriation for rents received. (b) Interest at 4 per cent, on capital as at Ist April, 1926, and 2 per cent, on accretions for the year. (c) Depreciation has been allowed for on balance of assets at Ist April, 1926, the total charge being carried to Depreciation Reserve. (d) Credit has been taken in respect to free postages for newspapers to public libraries, &c., and to non-departmental Government telegrams. H. D. Edwakds, A.1.A.X.Z.. Controller of Accounts. G. Maonamaea, Secretary, General Post Office. 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, subject to the above departmental notes.— G. F. C. Campbell, Controller and Auditor-General.

B—l. [PT. IY, SUP.] .

96

I'll I ,, ! As at 31st March, I Amount expended As at 31st March, j ~ Capital as at Amount received, Capital as at i)r - ' 1926. | during Year. 1927. j 1st April, 1926. Year 1926-27. 31st March, 1927. To Expenditure on — £ s. d. £ s. d. £ s. d. I By Receipts— £ s. d. £ s. d. £ s. d. Telegraph and toll systems, including 1,699,165 1 0 126,206 9 8 1,825,371 10 8 ! Public Works Fund .. .. 9,256,140 12 0 647,581 14 10 9,903,722 6 10 works in progress Revenue contribution to capital j 680,691 14 5 96,692 18 3 777,384 12 8 Telephone - exchange systems, in- 1 5,097,939 12 7 606,952 6 11 5,704,891 19 6 j outlay eluding works in progress * Wireless systems .. .. 47,756 10 2 1,233 18 2 48,990 8 4 j Buildings and sites .. .. j 1,991,825 6 10 89,100 9 2 2,080,925 16 0 j Plant at workshops .. .. 14,152 8 9 1,207 17 6 15,360 6 3 Motors, garages, &c. .. .. j 193,817 13 9 11,804 13 3 205,622 7 0 , Furniture and fittings .. .. 137,485 7 0 19,449 10 6 156,934 17 6 I 9,182,142 0 1 855,955 5 2 10,038,097 5 3 | 9,936,832 6 5 744,274 13 1 Balance carried to General Balance- .. j .. 643, 009 14 3 | j£10,681,106 19 6 | j £10,681,106 19 6

B. —] [PT. IY, SUP.] .

PRINTING AND STATIONERY DEPARTMENT. Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. £ s. d. Payments. £ s. d. To Sundry debtors .. .. .. 275,428 15 1 ; By Salaries .. .. .. .. 05,139 15 6 Publications and publishing .. 3,115 12 5 | Wages .. .. .. .. 35,098 16 10 Rent of hoardings .. .. 62 10 0 Overtime .. .. .. 3,271 16 11 Sales — I Purchases, paper, stationery, Ac. .. 66,659 11 7 Paper .. .. .. 190 8 6 Purchases, stores .. .. .. 7,588 10 7 Stationery .. .. .. 8 4 9 Freight, insurance, &c. .. .. 10,130 17 2 Second-hand typewriters .. 46 17 6 j Machinery (new and repairs to) .. 5 ,104 15 0 Waste products .. . . 18 12 6 Type .. .. .. .. 807 18 8 Refunds — Monotype extras .. .. .. 614 15 8 Overcharge freight .. .. 44 10 6 Monotype metal .. .. .. 601 12 3 Salaries and wages .. .. 38 13 9 I Fuel, gaS, power, light, water .. 2,763 5 0 Postages .. .. .. 77 0 10 Medical services .. .. .. .172 9 6 Insurance on goods lost on s.s. } Office equipment .. .. .. 132 7 11 "Kent" .. .. .. 2,673 0 1 , Postages and telegrams .. .. 1,775 4 2 Cash Suspense Account .. . 3 0 8 Telephone services .. .. 139 7 6 Window-cleaning and rubbish-removal 125 12 2 Proportion of rent, High Commissioner's Office .. .. .. 300 0 0 Motor-vehicles (running-expenses) .. 52 18 0 Wages—Charwomen, watchmen, &c. 2,194 5 8 Audit fee .. .. .. 50 0 0 Contingencies .. .. .. 31 11 3 Repairs—Buildings .. .. 649 5 3 Refund to Departments for publications sold .. .. .. 11,114 5 6 Balance to Treasury Adjustment Account .. .. 37,188 4 6 £281,707 6 7 £281,707 6 7 Trading Account for the Year ended 31st March, 1927. Dr. Or. To Paper and materials — £ s. d. £ s. d. By Sales— £ s. d. Stock at beginning.. 27,984 10 7 Manufacturing .. .. .. 209,033 5 9 Add purchases .. 43,846 0 9 Less work in progress, 31st March, : 1926.. .. .. .. 9,170 14 2 71,830 11 4 Less stock on hand, 31st 199,862 11 7 March, 1927 .. 28,677 0 7 Add work in progress, 31st March, 43,153 10 9 1927.. .! .. .. 4,149 5 8 Stationery — Stock at beginning 14,610 14 0 204,011 17 3 Add purchases .. 28,163 16 7 Stationery and publications .. 36,136 4 3 Typewriters .. .. .. 3,685 13 0 42,774 10 7 ' Less stock on hand, 31st 243,833 14 6 March, 1927 .. 16,909 18 3 Discounts received .. .. 257 16 7 25,864 12 4 Typewriters— Stock at beginning .. 2,796 8 8 Add purchases .. 3,179 3 4 5,975 12 0 Less stock on hand. 31st March, 1927 .. 2,446 1 4 3,529 10 8 Wages (productive) .. 88,284 15 9 Wages (establishment) 28,967 14 2 Wages (Stationery Office) .. .. 5,509 14 1 Freight (inward) .. 7 ,491 15 7 Lighting (proportion).. 526 6 3 Power .. .. 840 13 6 Fuel .. .. 1,002 9 3 Water .. .. 125 18 0 ; 132,749 6 7 Balance to Profit and Loss Account .. 38,794 10 9 £244,091 11 I £244,091 I! 1

13 —B. 1 ;Pt. IV, Bui'. |.

97

B.—l [PT. IY, SUP.].

PRINTING AND STATIONERY DEPARTMENT —continued. Profit and Loss Account foe the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To Office salaries .. .. .. 6,261 16 11 By Balance from Trading Account .. 38,794 10 9 Repairs and alterations to buildings Storing and handling stationery for and plant .. .. .. 916 12 10 other Departments .. .. 651 19 2 Postages and telegrams .. .. 1,589 14 5 Commission on sale of publications .. 3,150 1 2 Freight (outward).. .. .. 1,486 1 6 Rent receivable .. .. .. 392 5 0 Insurance .. .. .. 185 13 9 Interest receivable .. .. 55 5 11 Exchange .. .. .. 7 16 5 Discounts allowed .. .. 70 2 6 Telephone rental .. .. .. 139 7 6 Medical services .. .. .. 169 9 0 Lighting (proportion) .. .. 40 0 0 i Loss on sale of printing-machine .. 100 0 0 j Proportion of rent, High Commissioner's Office .. .. .. .. 300 0 0 Office expenses .. .. 394 15 7 Audit fee .. .. .. 50 0 0 Wages—Charwomen and watchmen 2,193 15 4 Interest on capital .. .. 10,823 7 5 Depreciation .. .. .. 6,987 3 1 Balance carried down .. .. 11,328 5 9 £43,044 2 0 £43,044 2 0 Note.—lnterest at the rate of 4J per cent, has been charged on capital for which the Department has no parliamentary appropriation. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital Account .. .. .. 240,519 6 9 Buildings .. .. .. 46,000 0 0 Sundry creditors .. .. .. 6,874 8 2 Land .. .. .. .. 60,600 0 0 Wages accrued .. .. .. 41.7 18 7 Plant and machinery— Bad Debts Reserve Account .. 215 15 2 Composing plant 56110 7 Stock Suspense Account .. .. 8 14 9 Monotype plant 8,697 1 2 Cash Suspense Account .. .. 3 0 8 Addressograph plant 669 15 0 Depreciation Reserve Account .. 18,269 5 4 Printing plant 17,351 19 2 Losses to be Written Off Account .. 128 7 3 Binding plant " 10831 8 0 Balance, Profit and Loss Account .. 11,328 5 9 Litho plant 2'074 6 2 Photo plant .. 1,473 5 5 Stereotype plant 673 1 0 Engine-room plant 1,627 4 9 Miscellaneous plant 1,697 0 0 45,656 11 3 Motor-van .. .. .. 735 0 0 Furniture and office equipment .. 2,101 2 0 Type .. .. .. .. 8,089 9 9 Accessories— Composing Branch 3,388 4 7 A[d dress 0 graph 48 0 0 gßranch Printing and Bind- 838 1 9 ing Branch Litho Branch .. 252 0 9 Stereotype Branch 8 17 6 Engine-room .. 17 13 3 Paper store .. 62 1 1 4,614 18 11 Treasury Adjustment Account .. 26.364 17 1 Sundry debtors .. .. .. 30,057 5 2 Writing-off Suspense Account .. 154 13 5 Suspense, s.s. " Northumberland ".. 1,208 19 0 Work in progress .. .. 4,149 5 8 Stock on hand .. .. .. 48.033 0 2 £277,765 2 5 £277,765 2~~5 1 —' — i , _ W. Hutchings, Acting Accountant. I hereby certify that the Receipts and Payment Account, Trading Account, 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, subject to the above departmental note. —G. F. 0. Campbell, Controller and Auditor-General.

98

B.—l [PT. IV, Sup.] .

PUBLIC SERVICE COMMISSIONER'S OFFICE. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Permanent charges .. .. .. 1,500 0 0 By Examinations .. .. .. .. 497 17 0 Appropriations— Balance .. .. .. .. .. 7,302 7 8 Advertising .. .. 254 17 2 Appeal Board .. .. 217 18 8 Contingencies .. .. 23 1 11 Office fittings and requisites .. 17 19 6 Postage and telegrams .. 85 15 10 Printing and stationery . . 216 9 9 Rent .. .. .. 52 0 0 Salaries .. .. .. 4,811 4 6 Telephone services .. .. 80 0 0 Travelling-expenses .. 75 7 4 5,834 14 8 Depreciation .. .. .. 75 10 0 Rent .. .. .. .. 390 0 0 £7,800 4 8 £7,800 4 8 £ s. d. £ s. d. To Balance brought down .. .. 7,302 7 8 By Excess of expenditure over income .. .. 7,370 6 8 Interest on capital (4£ per cent, on £1,509 19s. 6d.) 67 19 0 £7,370 6 8 £7,370 6 8 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 4-| per cent, on capital as at Ist April, 1926. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital Account .. .. .. .. 1,509 19 6 Office Furniture Account .. .. 1,509 19 6 Treasury Adjustment Account .. .. .. 0,913 7 11 Addition during year .. .. 9 0 0 Sundry creditors .. .. .. .. 86 12 9 — 1,518 19 6 Depreciation Reserve Account .. .. .. 447 17 4 Stationery on hand .. .. .. 50 10 0 Official stamps on hand .. .. .. 18 1 4 Excess of expenditure over income.. .. 7,370 6 8 £8,957 17 6 £8,957 17 6 22nd June, 1927. 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 note.—G. F. C. Campbell, Controller and Auditor-General. PUBLIC SERVICE SUPERANNUATION FUND. Revenue Account for the Year ending 31st March, 1927. £ s. d. £ s. d. Amount of fund at beginning of year 2,317,398 18 5 Retiring-allowances— Members'contributions — To members .. .. .. 292,774 4 2 Under section 29 (ordinary) .. 245,396 15 7 To widows and children .. .. 29,984 8 10 Transferred from other superannua- Contributions returned— tion funds .. .. .. 1,238 10 6 Under section 46 (aa) (left Service) 35,182 17 9 Interest on arrears of contributions 898 19 6 Under section 42 .. .. 9,248 16 0 Government subsidy — Under section 38 .. .. 909 1 5 Statutory .. . .. 86,000 0 0 Contributions to other superannuation Section 27, Finance Act, 1925 .. 13,443 14 0 funds (section 48) .. .. 28 4 5 Interest on investments .. .. 139,369 7 2 Expenses— Fines, &c. .. .. .. 327 14 5 Medical fees .. .. .. 56 14 0 Subsidy —Cook Islands and Samoa Salaries .. .. .. 2,820 3 7 Administrations .. .. 1,225 10 0 Audit fees .. .. .. 50 0 0 Heating and lighting .. .. 7 12 I Rent .. .. .. .. 197 0 0 Cleaning .. .. .. 102 1 3 Messenger service .. .. 75 0 0 Public Trustee's charges .. .. 3,484 5 4 Furjiiture and fittings .. .. 34 10 4 Printing and stationery .. .. 161 5 9 Typewriters and other machines (upkeep) .. . . .. 8 8 2 Postages, telegrams, and services .. 159 1 1 Fees, inspection securities .. 7 7 0 Post and telegraph charges .. 718 0 6 Balance as at 31st March, 1927 .. 2,429,290 7 11 £2,805,299 9 7 j £2,805,299 9 7

99

B.—l [Pt. IV, Bur |.

PUBLIC SERVICE SUPERANNUATION FUND—continued. Balance-sheet as at 31st March, 1927. Liabilities. \ Assets, £ a. d. Superannuation Fund Account—- £ s. d. Amount invested by the Board .. 2,430,954 4 2 Balance due from Revenue Account 2,429,290 711 Contributions due in courae of transAdd value of office furniture, fittinga, mission .. .. .. 20,942 0 5 and machinery .. .. 604 14 0 Interest due and accrued .. .. 43,912 11 6 Subsidy—2,429,895 1 11 Cook Islands and Samoa .. 219 14 11 Retiring and other allowances due, in Section 27, Finance Act, 1925 .. 21 0 2 courae of payment— Balance in hands of Public Trustee .. 23,103 7 8 To members .. .. .. 2,649 12 10 Bank account .. .. .. 1,691 811 To widows and children .. .. 409 3 4 Office furniture, fittings, and machinery 604 14 0 Refund of contributions due, in course Contributiona from other superannuof payment— ation funds, in transmission .. 137 1 0 Under section 46 (aa) (left service) 840 12 7 Retiring allowances recoverable (PenUnder section 42 (death) .. 81 7 8 aions Department) .. .. 110 1 9 Under aection 48 (other superannu- i Rates and taxes paid on account of ation funds) .. .. .. 0 6 11 mortgagors (recoyerable) .. 342 6 0 Expenses due, in course of payment— Public Trustee's charges .. .. 1,097 16 4 j Heating and lighting .. .. 1 12 9 Printing and stationery .. .. 3 6 4 Post and Telegraph charges .. 150 7 6 Typewriters. &c. (upkeep) .. 13 6 Contributions paid in advance or in error .. .. .. .. 117 4 3 Unclaimed Account (contributions, &c.) 1,469 18 0 Balance, Government subsidy* .. 64,500 0 0 Post Office Account .. .. 20,820 16 7 £2,522,038 10 6 ! £2,522,038 10 6 * The Government subsidy is paid in January of each year. Owing to the change in fclie date of the financial year, to show the true position of the fund it is necessary to state this item as a liability. Subsidiary Account. Cost-of-living Bonus paid to Annuitants of the Public Service Superannuation Fund on behalf of the Treasury. £ s. d. I £ s. d. To Balance due 31st March, 1926 .. 306 13 9 !By Amount received from Trea3ury .. 3 838 12 6 Amount disbursed for period Ist April, 1926, to 31st March, 1927 .. 3,531 18 9 £3,838 12 6 £3,838 12 6 Stipendiary Magistrates' Account. Revenue Account for the Year ending 31st March, 1927. £ 's. d. £ a. d. Amount of fund on Ist April, 1926 .. 16,756 911 Administration expenses .. .. 30 18 0 Members' contributions (section 39, Retiring-allowances .. .. .. 91 13 4 Finance Act, 1924) .. .. 1,729 111 Balance as at 31st March, 1927 .. 19,426 310 Interest on investments .. .. 1,063 3 4 £19,548 15 2 £19,548 15 2 Balance-sheet as at 31st March, 1927. Liabilities. Assets. £ s. d. £ s. d. Accumulated Fund Account .. .. 19,426 3 10 Contributions due in course of transmission .. .. .. .. 1150 Amount invested .. .. .. 19,414 18 10 £19,'426 3 10 £19,426 3 10 William M. Wright, Secretary, R. S. Wogan, Accountant, Wellington, 10th June, 1927. 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.

100

B.—l [PT. IV, SUP. .

PUBLIC TRUST OFFICE. Profit and Loss Account for the Yeah ended 31st March, 1927. Dr. £ s. d. £ s. d. Or. £ s. d. To Salaries .. .. .. .. 178,392 17 0 By Commission and other income .. .. 274.844 19 7 Overtime .. .. .. .. 324 18 0 Service charges— Agents' commission.. .. 6,923 16 3 Services of High Commissioner 1,150 0 0 Services of General Poßt Office 677 12 0 • — 8,751 8 3 Audit of books and accounts .. .. 700 0 0 Maintenance of premises and plant—■ Repairs, insurances, &c. .. .. 3,677 1 0 Rent .. .. .. .. 1,317 7 4 General charges— Advertising .. .. 2,721 11 8 Dunedin Exhibition display .. 486 12 0 Cleaning, lighting, heating, and power .. .. .. 3,921 10 5 Legal expenses .. .. 148 2 1 Rates .. .. .. 979 1 3 Miscellaneous payments .. 493 12 7 Postages and freight ..3,319 3 1 Stamp duty on receipts and cheques .. .. .. 701 8 5 Telephone subscriptions .. 1,149 12 4 Printing, stationery, and requisites .. .. .. 5,418 12 7 Travelling-expenses .. 3,626 1 1 Salaries and expenses of Farm Inspectors .. .. 3,366 13 4 Salaries of custodians and staff 5,698 3 4 32,030 3 9 Depreciation on office premises, furniture, plant, &c. .. .. 14,278 0 9 Contributions to subsidy to Public Service Superannuation Fund .. 2,723 0 8 Balance, being net profit for year, transferred to Appropriation Account .. .. .. .. 32,650 2 10 £274,844 19 7 £274,844 19 7 Profit and Loss Appropriation Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s>. d. To Reserve for income-tax, 1927-28 .. .. 2,000 0 0 By Profit and Loss Account— General Legal Expenses Account .. .. 1,000 0 0 Balance transferred .. .. .. 32,650 210 Balance transferred to Investment Fluctuation Profit on realization of investments.. .. 21 10 0 Account .. .. .. 29,843 14 6 Refund of amount appropriated under section 43, Public Trust Office Amendment Act, 1913 .. .. .. .. .. 172 1 8 £32,843 14 6 £32,843 14 6

101

B.— 1 [PT. IV, SUP.] .

PUBLIC TRUST OFFlCE—continued. Balance-sheet as at 31st March, 1927. Liabilities. Assets. £ s. d. £ s. d. £ s. u Amounts held in Common Freehold and leasehold premises and sites .. 441,366 18 I Fund for sundry estates Furniture and plant, &o. .. .. .. 37,505 16 11 and funds .. .. 18,906,624 19 10 Stationery and stores, &c. .. .. .. 5,961 4 1 Amount held for special Stocks, bonds, and debeninvestment on behalf of tures— £ s. d. certain funds, but not Government securities .. 1,265,693 3 7 yet invested .. .. 83,722 17 1 Land Settlement Finance Amount specially invested Act debentures .. 39,600 0 0 on behalf of certain Local bodies'debentures 6,374,230 12 9 estates and funds .. 7,495,568 15 7 7,679,523 16 4 ■ — —— — 26,485,916 12 6 Mortgages, &c. .. .. 10,675,363 17 3 Sundry creditors, including Less reserves .. .. 64,943 2 3 accounts passed for pay- > 10,610,420 15 0 ment but not yet paid .. .. 173,366 17 3 Advances for protection of Reserve for income-tax .. 4,376 0 5 securities acquired or in Reserve in respect of enemy- possession, &c. .. .. 10,031 14 2 property moneys .. 82,805 1 4 Properties acquired .. 53,260 11 7 Special reserve for securities 15,000 0 0 Less reserve .. .. 11,903 0 0 General Legal Expenses 41,357 11 7 Account .. .. 11,526 19 7 Advances (on overdraft) to Investment Fluctuation Ac- estates and accounts .. 369,875 19 10 count .. .. 115,239 10 4 Less reserve .. .. 1,925 13 2 228,947 11 8 i 367,950 6 8 Assurance and Reserve j Interest and rent accrued Fund .. .. .. 427,346 1 3 due and overdue— Interest accrued up to 31st March, 1927, but not yet due, and interest overdue .. 331,432 2 3 Rent due or accrued .. 733 18 11 — 332,166 1 2 Sundry debtors, including transactions in process of adjustment between Head Office and London .. .. 27,756 17 2 Cash in hand, on current account, and on deposit in New Zealand and in London .. .. .. 265,967 5 11 j Special investments held on behalf of certain estates and fundsGovernment securities .. 550,976 15 6 Local bodies'debentures 1,923,795 14 4 Land Settlement Finance Act debentures .. 5,506 0 0 Private debentures and shares .. .. 13,101 0 9 Mortgages .. .. 4,973,285 410 Mortgage security ac - quired .. .. 3,563 12 2 Loans .. .. 1,164 5 4 Savings-bank accounts .. 374 7 0 Overdue interest on special investments .. 23,801 15 8 7,495,568 15 7 £27,315,577 2 8 £27,315,577 2 8 J. W. Macdonald, Public Trustee. W. Barr, Chief Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. — J. H. Fowler, Deputy Controller and Auditor-General.

102

B—l |PT. IV, Sup.] .

PUBLIC WORKS DEPARTMENT. PUBLIC WORKS FUND : ELLESMERE AND FORSYTH RECLAMATION AND AKAROA RAILWAY TRUST ACCOUNT. (Section 383, Land Act, 1924.) Income and Expenditure Account toe the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Expenditure under section 6, Ellesmere Land By Rents from Crown lands .. .. 1,826 1 9 3 Drainage Act, 1905 — Interest on loans raised by Board .. .. 439 5 0 Rebates of rent .. .. .. .. 134 .12 7 Cost of administration .. .. .. 80 19 0 Balance, being excess of income over expenditure, transferred to Accumulated Fund .. .. .. .. 1,172 2 8 £1,826 19 3 £1,826 19 3 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Sundry creditors— Sundry debtors for rent .. .. .. 123 10 7 Interest under section 6, Ellesmere £ s. d. Treasury Adjustment Account .. .. 10,233 18 11 Land Drainage Act, 1905 .. 439 5 0 Rents charged in advance .. 451 2 11 Administration .. .. 39 17 8 930 5 7 Accumulated Fund .. .. .. 9,427 3 11 £10,357 9 6 £10,357 9 6 sth July, 1927. J. J. Gibson, Accountant, Public Works Department. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—6. F. C. Campbell, Controller and Auditor-General.

103

B.—l PT. IV, Sup.!..

NEW ZEALAND GOVERNMENT RAILWAYS. Capital Account as at 31st March, 1927.

104

Total to 31st March, Year ended Total to 31st March Total to 31st March, Year ended Total to 31st March, 1926. 31st March, 1927. 1927. 1926. 31st March, 1927. 1927. Expenditure. £ s. d. £ s. d. £ s. d. Receipts. £ s. d. £ s. d. £ s. d. Permanent way, and works, buildings, j 37,039,520 1 9 1,493,954 0 7 38,533,474 2 4 From General Government Funds — machinery, and plant (lines open for j Public Works Fund .. .. 42,727,785 5 9 895,504 6 1 43,623,289 11 10 traffic) I Wellington-Hutt. Railway Improve- 228,373 5 5 .. 228,373 5 5 Rolling-stock .. .. .. j 10,227,771 9 9 99,218 4 9 10,326,989 14 6 1 ment Account New lines in course of construction by i 343,429 17 3 213,447 11 4 556,877 8 7 Railways Improvement Account, 1904 641,275 7 8 .. 641,275 7 8 Public Works Department charged Railways Improvement Authoriza- *2,063,629 9 3 *878,593 0 10 *2,942,222 10 1 against Railways Improvement Au- tion Act, 1914 Account thorization Act 1914 Account Consolidated Fund .. .. 4,296 7 10 .. 4,296 7 10 Lake Wakatipu steamer service .. 44,300 11 1 86 12 2 44,387 3 3 Westport Harbour Loans.. .. 350,000 0 0 .. 350,000 0 0 Road motor services .. .. .. 13,703 6 2 13,703 6 2 Works constructed from Harbour House-factory and sawmill at Frankton 157,018 17 0 Cr. 204 19 11 156,813 17 1 Board funds — Junction Westport .. .. •• 71,640 0 0 .. 71,640 0 0 Stores and material .. .. 140,065 10 7 Cr. 31,518 0 9 108,547 9 10 Greymouth .. .. .. 47,508 0 0 .. 47,508 0 0 Works constructed by provinces and 1,787,741 0 0 .. 1,787,741 0 0 Midland Railway Company at valuation 1 47,922,248 15 11 1,774,097 6 11 49,696,346 2 10 Advances to Capital Account from .. 32,356 19 3 32,356 19 3 Working Railways Account Outstanding liabilities .. .. .. 12,089 19 8 I 12,089 19 8 47,952,106 7 5 1,788,686 14 4 49,740,793 1 9 47,922,248 15 11 1,818.544 5 10 49,740,793 1 9 * Includes expenditure by Public Works Department on unopened lines charged against Railways Improvement Authorization Act 1914 Account not previously shown. Note. —Unopened lines are under the control of the Public Works Department, and all expenditure out of the Public Works Fund in connection therewith is included in the accounts of that Department.

8.-l [PT. IY, Sup.] .

NEW ZEALAND GOVERNMENT RAILWAY S— continued. General Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. i Assets. Sundry creditors (including unpaid 314,485 11 2 ' Sawmills— £ s. d. £ s. d. wages) Stocks of timber, &c. .. .. 282,033 1 10 Collections for refund to Harbour 15,468 17 10 Less reserve .. .. .. 11,378 17 6 Boards, shipping companies, and 270,654 4 4 other carriers Stores and material on hand— General Reserve Fund .. .. 1,375,662 6 1 Stores Branch .. .. .. 776,555 10 1 General Renewals and Depreciation 636,738 9 3 Advertising Branch .. .. 2,102 14 6 Fund Refreshment Branch .. .. 8,295 13 1 Betterments Eund .. .. 13,699 5 9 Training-school Hostel .. .. 60 18 11 Insurance Eunds .. .. .. 35,245 8 0 — 787,014 16 7 Items to be written off on receipt of 3,475 7 4 Sundry assets— parliamentary authority Advertising Branch .. .. 54,048 7 3 Refreshment Branch .. .. 25,910 0 10 Housing improvements .. .. 3,327 17 8 — 83,286 5 9 Sundry debtors— Advances to capital .. .. 32,356 19 3 Government Departments .. 7,773 6 1 Advances under Hutt Valley Lands 11,245 12 2 Settlement Act, 1925 Work in progress .. .. 56,442 14 5 107,818 11 11 Less amounts paid in advance 19,526 17 11 — 88,291 14 0 Accrued interest on investments .. 3,219 6 3 Accrued subsidy on branch lines and 30,863 1 10 isolated sections 34,082 8 1 Outstandings at stations— Cash in hand .. .. .. 24,866 0 5 Freight, &c., owing by Government 36,656 4 9 Departments Freight owina by sundry debtors .. 126,773 6 9 188,295 11 11 Investments .. .. .. .. 500,000 0 0 Cash in Working Railways Account .. 364,514 2 7 Net Revenue Account .. .. .. 78,636 2 2 £2,394,775 5 5 £2,394,775 5 5 H. Valentine, A.1.A.N.Z., Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been [duly examined and compared with the relative books and documents submitted for audit, and correctly set out the position as disclosed thereby.— J. H. Fowler, Deputy Controller and Auditor-General.

14— B. 1 [PT. IV, SUP.] .

105

B. —1 [PT. IY, SUP.J .

Net Revenue Account.

Net Revenue Appropriation Account.

NEW ZEALAND GOVERNMENT RAILWAYS— continued. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1927.

106

! " t Year 1926-27. j Year 1925-26. Gross Revenue. Expenditure. Net Revenue. I Gross Revenue. Expenditure. Net Revenue. . I I I ; £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Railway operating .. .. .. .. .. 7,423,472 111 6,158,282 19 7 1,265,189 2 4 ! 7,389,274 2 6 6,164,569 14 1 1,424,704 8 5 Lake Wakatipu service .. .. .. .. .. 10,272 11 0 15,858 10 5 Dr. 5,585 19 5 i 10,625 0 0 15,612 14 1 Dr. 4,987 14 1 Refreshment service .. .. .. .. .. 129,612 6 6 119,567 7 0 10,044 19 6 j 133,657 14 6 119,585 9 0 14,072 5 6 Advertising service .. .. . .. .. 47,387 6 6 42,508 18 2 4,878 8 4 I 45,454 5 2 31,238 12 2 14,215 13 0 Dwellings .. .. .. . .. -- 83,374 14 1 137,546 18 10 Dr. 54,172 4 9 68,661 4 3 129,907 9 10 Dr. 61,246 5 7 Refreshment buildings, bookstalls, &c. .. .. .. 20,461 18 7 j 8,271 7 7 12,190 11 0 19,062 111 7,513 19 7 11,548 2 4 Road motor-service .. .. .. .. .. 8,743 17 3 ' 8,843 16 9 Dr. 99 19 6 Miscellaneous revenue .. .. .. .. .. 266,108 9 5 i .. 266,108 9 5 234,486 13 5 .. 234,486 13 5 7,989,433 5 3 6,490,879 18 4 8,101,221 1 9 6,468,427 18 9 Total net revenue to Net Revenue Account .. .. •• .. 1,498,553 6 11 .. .. i 1,632,793 3 0 . i I ; i .

Dr. 1926-27. 1925-26. Cr. 1926-27. 1925-26. £ s. d. £ s. d. j £ s. d. £ s. d. To Interest on capital .. .. .. .. 2,043,433 0 4 1,913,310 14 9 By Net earnings before charging interest on capital 1,498,553 6 11 1,632,793 3 0 Surplus for year 1925-26 carried to Net Revenue .. 79,022 16 9 Subsidy, branch lines and isolated sections .. 445,220 14 6 359,540 8 6 Appropriation Account Deficit for year 1926-27 carried to Net Revenue 99,658 18 11 Appropriation Account 2,043,433 0 4 1,992,333 11 6 2,043,433 0 4 1,992,333 11 6

Dr. 1926-27. 1925-26. \ Cr. 1926-27. 1925-26. £ s. d. £ s. d. £ s. d. | £ s. d. To Ket Revenue Account .. .. .. 99,658 18 11 .. By Balance from previous year .. .. .. 21,022 16 9 | Appropriation to Betterments Fund .. .. j .. 58,000 0 0 Net Revenue Account .. .. .. j .. j 79,022 16 9 Balance carried forward .. .. .. .. 21,022 16 9 Balance carried forward .. .. .. i 78,636 2 2 J 99,658 18 11 | 79,022 16 9 99,658 18 11 ! 79,022 16 9

B.—l [PT. IY, SUP.] .

NEW ZEALAND GOVERNMENT RAILWAYS— continued. Income and Expenditure in respect of Railway Operation, Year ended 31st March, 1927.

107

Per Cent, of Per Cent, of PvnT.Arnrmrn. Operating Revenue. Operating Revenue EXPENDITURE. 1926-27. 1925-26. — INCOME. 1926-27. 1925-26 1926-27. 1925-26. 1926-27. , 1925-26. £ s. d. i £ s. d. £ s. d. £ s. d. Maintenance, way and works .. .. 1,074,334 6 11 1,144,384 8 10 14-47 15-08 Passengers, ordinary.. .. .. 2,045,348 1 4 2,271,497 12 7 27-56 I 29-93 Maintenance, signals .. .. .. 100,861 9 6 105,063 13 3 1-36 1-38 Passengers season tickets .. .. 258,831 18 7 265,549 4 2 3-49 3-50 Maintenance, rolling-stock .. .. 1,303,443 11 5 , 1,311,317 6 8 17-56 17-28 Parcels, luggage, and mails .. .. 377,367 8 10 409,206 13 9 5-08 j 5-39 Examination, lubrication, and lighting of 60,094 17 8 J 59,446 15 10 0-81 0-78 Goods .. .. .. .. 4,596,165 14 7 4,499,160 0 9 61-91 59-28 vehicles ; Labour, demurrage, &c. .. .. 145,758 18 7 143,860 11 3 1-96 1-90 Locomotive transportation .. .. 1,609,257 6 5 1 1,577,173 3 11 21-68 20-78 Traffic transportation .. .. .. 1,752,997 12 11 1,743,641 8 6 23-61 22-98 Head Office and general charges .. .. 82,286 12 8 82,528 6 1 1-11 1-09 Superannuation sub- £ s. d. sidy .. .. 187,573 10 6 Less amount allocated to subsidiary services, &c. .. .. 12,566 8 5 175,007 2 1 141,014 11 0 2-36 1-86 j — Total operating expenses .. 6,158,282 19 7 6,164,569 14 1 82-96 81-23 I Net operating revenue .. .. 1,265,189 2 4 1,424,704 8 5 17-04 18-77 ' 7,423,472 1 11 7,589,274 2 6 100-00 100-00 I 7,423,472 1 11 7,589,274 2 6 100-00 100-00 II _

B.—l [PT. IY, SUP.] .

NEW ZEALAND GOVERNMENT RAILWAYS— continued. Income and Expenditure in respect of Lake Wakatipu Steamers.

Income and Expenditure in respect of Refreshment Service.

108

' Per Cent, of Revenue. | j Per Cent, of Revenue. EXPENDITURE. 1926-27. 1925-26. INCOME. i 1926-27. I 1925-26. 1926-27. 1925-26. , 1926-27. 1925-26. £ s. d. £ s. d. £ s. d. £ s. d. Salaries and wages, shore staff .. .. 1,463 7 11 1,706 2 1 14-24 16'06 Ordinary passengers .. .. .. 4,474 7 0 4,129 10 6 43*55 38-87 Salaries and wages, steamer staff .. .. 5,223 14 7 4,950 10 1 50-84 46-59 Season tickets .. .. .. 184 0 0 187 12 10 1-79 1-77 Coal and stores .. .. .. .. 15 4 3,427 12 0 29-99 32-26 Parcels, luggage, and mails .. .. 957 4 5 1,065 12 11 9-32 10-03 Repairs, steamers .. .. .. 2,196 0 7 1,665 4 11 21-38 15-67 Goods .. .. .. .. 4,623 3 11 5,149 0 1 45-01 48-45 Repairs, wharves, &c. .. .. .. 711 12 0 680 5 0 6-93 6-40 Miscellaneous .. .. .. 33 15 8 93 3 8 0-33 0-88 Insurance, renewals, interest, &c. .. .. 3,508 0 0 3,183 0 0 31-00 29-96 10,272 11 0 10,625 0 0 100-00 | 100-00 Loss on operation .. .. .. 5,585 19 5 4,987 14 1 54-38 ; 46-94 15,858 10 5 | 15,612 14 1 j 154-38 146-94 15,858 10 5 15,612 14 1 154-38 146-94

i Per Cent, of Revenue. EXPENDITURE. i 1926-27. 1925-26. j INCOME. i 1926-27. 1925-26. 1926-27. 1925-26. £ s. d. £ d. £ s. d. £ s. d. Salaries and wages .. .. .. 37,634 16 5 37,315 16 11 29-04 ! 27-92 Receipts from refreshment-rooms .. .. .. 129,612 6 6 133,657 14 6 Provisions consumed .. .. .. 51,911 12 7 54,978 2 10 40-05 41-13 Light, fuel, and water .. .. .. 2,651 5 1 2,266 12 3 2-05 1-70 Freights .. .. .. .. 3,245 10 1 2,545 18 0 2-50 1-90 Rents .. .. .. .. .. 10,602 15 9 8,915 13 3 8-18 I 6-67 Renewals .. .. .. .. 3,351 4 10 3,729 4 0 2-59 \ 2-79 Betterments .. .. .. .. 4,321 15 9 5,534 3 5 3-33 4-14 Interest, insurance, and miscellaneous .. 5,848 6 6 4,299 18 4 4-51 3-22 Total expenditure .. .. 119,567 7 0 i19,585 9 0 92-25 89-47 Net profit .. .. .. 10,044 19 6 14,072 5 6 7-75 10-53 129,612 6 6 133,657 14 6 100-00 100-00 j 129,612 6 6 I 133,657 14 6

B.—l [PT. IY, SUP.]

NEW ZEALAND GOVERNMENT RAILWAY S— continued. Income and Expenditure in respect of Advertising Service.

Income and Expenditure in respect of Departmental Dwellings.

109

Per Cent, of Revenue, j J | Per Cent, of Revenue. EXPENDITURE. 1926-27. ! 1925-26. j i INCOME. 1926-27. j 1925-26. 1926-27. | 1925-26. ; j j 1926-27. 1925-26. — - - — - j j £ s. d. £ s. d. £ s. d. £ s. d. Salaries, wages, and allowances .. .. 11,778 13 5 9,336 4 0 24*86 20-54 Advertising-signs, printing, &c. .. .. 45,342 0 7 43,542 9 2 95*68 95-79 Stores and materials .. .. .. 2,946 15 2 2,670 4 6 6*22 5-87 Miscellaneous receipts .. .. .. 2,045 5 11 1,911 16 0 4*32 4-21 Rent of premises, sites, and commission .. 13,190 17 4 12,404 5 5 27*85 27-30 Office and general expenses .. .. 4,076 3 7 3,328 11 0 8*60 7-32 Interest, insurance, and depreciation .. 10,059 18 9 3,105 4 8 21-22 6-83 Betterments .. .. .. .. 456 9 11 394 2 7 0*96 0-87 Total expenditure .. . .. 42,508 18 2 31,238 12 2 89*71 68-73 Net profit .. .. .. 4,878 8 4 14,215 13 0 10*29 31-27 47,387 6 6 45,454 5 2 100*00 100-00 47,387 6 6 45,454 5 2 100*00 j 100-00

Per Cent, of Revenue. j ! Per Cent, of Revenue. EXPENDITURE. 1926-27. 1925-26. j 1 INCOME. 1926-27. I 1925-26. 1926-27. ! 1925-26. | ) | 1926-27. 1925-26. '■■■-■ • i ! i I I < ill" 1 I £ s. d. £ s. d. i, ! £ s. d. £ s. d. Wages and charges .. .. .. 35,676 2 11 44,924 1 8 1 25-94 34-58 Rentals .. .. .. .. 1 83,374 14 1 68,661 4 3 | 60-82 52-85 Materials .. .. .. .. 7,978 15 11 8,023 8 2 5-80 j 6-18 Net loss .. .. .. ..I 54,172 4 9 61,246 5 7 39-38 47-15 Insurance .. .. .. .. 3,578 0 0 3,000 0 0 2-60 I 2-31 Interest .. .. .. .. 63,054 0 0 51,140 0 0 45-84 i 39-36 Renewals .. 1 .. .. .. 27,260 0 0 22,820 0 0 19-82 j 17-57 137,546 18 10 129,907 9 10 100-00 I 100-00 i 137,546 18 10 129,907 9 10 100-00 100-00

B. —1 [PT. IV, SUP.].

NEW ZEALAND GOVERNMENT RAILWAYS —continued. Income and Expenditure in respect of Buildings occupied by Refreshment Service, Bookstall Proprietors, etc.

Income and Expenditure in respect of Road Motor Services.

110

! | Per Cent, of Revenue. EXPENDITURE. J 1926-27. i 1925-26. | INCOME. 1926-27. i 1925-26. | 1926-27. 1925-26, J I I 1 I . • | £ s. d. j £ s. d. £ s. d. £ s. d. Wages and charges .. .. .. 1,550 4 7 1,128 14 3* 7-57 5-93 Rentals .. .. .. .. .. .. 20,461 18 7 19,062 1 11 Materials .. .. .. .. 557 18 0 25 5 4 2-73 0-13 Insurance, interest, and renewals .. .. 6,163 5 0 ! 6,360 0 0 30-12 33-36 Total expenditure .. .. 8,271 7 7 ! 7,513 19 7 40'42 39-42 Net profit .. .. .. 12,190 11 0 j 11,548 2 4 59-58 60-58 20,461 18 7 19,062 1 11 100-00 100-00 20,461 18 7 j 19,062 1 11

I Per Cent. ! EXPENDITURE. 1926-27. of INCOME. i 1926-27. j Revenue. 1 ! 1 [I L !':■■■ ,11 I £ s. d. : £ s. d. Salaries and wages .. .. .. .. .. .. 2,475 7 8 28-31 Passengers .. .. .. .. .. .. .. .. 8,527 0 9 Maintenance charges .. .. .. . . .. .. 940 5 4 10-75 Parcels .. .. .. .. .. .. .. .. 200 18 2 Running expenses .. .. .. .. .. .. 3,104 6 2 35-51 Advertising .. .. .. .. .. .. .. .. j 15 18 4 license fees .. .. .. .. .. .. .. 177 7 2 2*03 Interest, insurance, and depreciation .. .. .. .. 1,900 4 2 21-73 Net operating profit .. .. .. .. .. .. 146 6 9 1*67 8,743 17 3 100-00 Total revenue .. .. .. .. .. 8,743 17 3 Net operating profit .. .. .. .. .. .. 146 6 9 Preliminary expenses .. .. .. .. .. .. 246 6 3 Net loss .. .. .. .. .. .. .. 99 19 6 246 6 3 | 246 6 3 Note. —The first bus service was instituted between Napier and Hastings on 10th November, 1926.

B—l IPT. IV, Sup.] .

NEW ZEALAND GOVERNMENT RAILWAYS— continued. Railway Sawmills and Bush Accounts.— Combined Trading and Profit and Loss Accounts.

111

Dr. 1926-27. ! 1926-26. Cr. 1926-27. | 1925-26. | i ' ! £ s. d. £ s. d. I £ s. d. £ s. d. To Stock of timber, firewood, and logs on hand at 1st April, 145,431 2 0 159,538 17 4 \ By Sales, issues, and transfers — £ s. d. 1926 J Timber .. .. .. .. 154,830 5 3 j Purchases and transfers — £ s. d. j Firewood.. .. .. .. 3,565 19 9 j Timber .. .. .. .. 23,764 1 7 ! Logs .. .. .. .. 38,886 16 11 Firewood .. .. .. 556 11 9 — 197,283 1 11 | 257,436 4 7 Logs.. .. .. .. .. 42,760 5 6 Stocks on hand at 31st March, 1927 — ■ — 67,080 18 7 120,227 10 4 Timber .. .. .. .. 125,682 4 2 Royalty payments .. .. .. .. .. 12,868 11 8 14,163 3 0 Firewood.. .. .. .. 546 18 0 Wages" .. .. .. .. .. .. 43,794 17 7 45,104 11 9 Logs .. .. .. .. 3,499 9 11 Salaries and miscellaneous payments, including interest 66,919 2 9 60,665 12 8 — — 129,728 12 1 145,431 2 0 on capital Rents .. . • • ■ . • .. . • 420 13 3 610 0 6 Balance to Reserve Account .. .. .. .. .. 3,777 12 0 Balance to Reserve Account .. .. .. .. 8,662 5 4 336,094 12 7 403,477 7 1 336,094 12 7 403,477 7 1 !

8.--1 [PT. IY, SUP.],

NEW ZEALAND GOVERNMENT RAlLWAYS —continued. Statement of Cash Receipts and Payments—Working Railways Account. Receipts. £ s. d. Payments. £ ,s. d. To Balance brought forward .. 623,150 7 3 By Wages and vouchers .. .. 7,109,697 1 5 Investments realized .. .. 175,000 0 0 Refunds to Harbour Boards, shipRevenue receipts .. .. 8,045,310 4 0 ping companies, and other carriers 252,201 13 0 "Credits in aid" (Working Rail- Interest on capital .. .. 2,043,433 0 4 ways expenditure) .. .. 982,015 15 2 Investments .. .. .. 500,000 0 0 Receipts from Consolidated Fund Balance as per general balanceunder subsection 1 (b) of section 37 sheet .. .. .. 364,514 2 7 of Government Railways Act, 1926 (Subsidy—Branch lines and isolated sections) .. .. 429,068 2 7 Interest on investments .. .. 15,301 8 4 £10,269,845 17 4 £10,269,845 17 4 Reconciliation Statement. £ s. d. Credit balance in Working Railways Account as per Treasury figures .. 309,795 0 4 Add Imprests outstanding .. .. .. .. .. .. 54,719 2 3 Credit balance as per above statement .. .. .. .. £364,514 2 7 RENEWALS, DEPRECIATION, AND EQUALIZATION FUNDS. Slips, Floods, and Accidents Equalization Fund. Expenditure. £ s. d. Income. £ s. d. To Repairs to bridges, slips, and washouts 33,093 13 5 By Balance from previous year .. 24,205 0 0 Claims for accidents .. .. 2,800 0 0 Contributions debited to workingBalance .. .. .. .. 9,826 6 7 expenses .. .. .. 21,515 0 0 £45,720 0 0 £45,720 0 0 Workers' Compensation Fund. Expenditure. £ s. d. Income. £ s. d. To Accident payments .. .. 34,809 15 3 By Balance from previous year .. 5,316 7 2 Balance .. .. .. .. 14,975 8 9 Premiums debited to working-expenses 44,468 16 10 £49,785 4 0 £49,785 4 0 Fire Insurance Fund. Expenditure. Income. To Fire losses on— £ s. d. £ s. d. Operating buildings .. .. 772 9 8 By Balance from previous year .. 4,783 810 Dwellings .. .. .. 843 13 4 Premiums debited to working-expenses 10,840 13 2 Upkeep Railway fire brigades and fire appliances .. .. .. 3,564 6 4 Balance .. .. .. 10,443 12 8 £15,624 2 0 £15,624 2 0 General Renewals and Depreciation Fund. Expenditure. . £ s. d. Income. £ s. d. To Relaying of track .. .. 63,437 13 11 By Balance from previous year .. 280,835 19 0 Bridges, buildings, &c. .. .. 19,586 15 0 Contributions debited to working-Rolling-stock .. .. .. 121,956 711 expenses .. .. .. 572,437 0 0 Locomotive workshops and plant .. 10,429 0 1 Dwellings . . .. .. 1,124 12 10 Balance.. .. .. .. 636,738 9 3 £853,272 19 0 £853,272 19 0 Betterments Fund. Expenditure. ' £ s. d. Income. £ s. d. To Way, works, buildings, and structures 25,867 18 10 By Balance from previous year .. 60,000 0 0 Signals, &c. .. .. .. 3,905 13 11 Contributions debited to working-Rolling-stock .. .. .. 16,527 -1 6 expenses .. .. .. 4,778 5 8 Refreshment service .. .. 4,321 15 9 Advertising service .. .. 456 9 11 Balance.. .. .. .. 13,699 5 9 £64,778 5 8 £64,778 5 8

112

B. — 1 PT. IV, Sup.} ,

RAILWAYS SUPERANNUATION FUND. Statement of Accounts in accordance with Section 123, Government Railways Act, 1926. Revenue Account for the Year ended 31st March, 1927.

15— B, 1 PT. IV, SUP.].

113

EXPENDITURE. 1926-27. [ 1925-26. I| INCOME. 1926-27. i 1925-26. I [I [ | £ s. d. £ s. d. i £ s. d. £ s. d. To Retiring-allowances to members .. .. .. 215,250 2 1 198,889 15 9 ! By Members'contributions .. .. .. .. 153,914 15 6 147,976 11 2 Allowances to widows and children .. .. .. ! 27,489 2 7 27,064 19 9 Members' contributions on account of casual service .. 3,869 18 6 5,926 8 7 Refunds of total contributions .. .. .. 20,986 5 4 23,552 17 8 Fines .. .. .. .. .. .. 141 10 0 219 0 0 Refunds of contributions in excess of allowances drawn by 768 2 7 342 10 8 Subsidies — deceased beneficiaries Consolidated Fund .. .. .. .. .. 25,000 0 0 Compensation under the Government Railways Act of 1887 \ 37 1 3 17 2 10 Working Railways .. .. .. .. 170,000 0 0 145,000 0 0 Transfers to other funds .. .. .. .. 108 14 1 200 13 11 Working Railways, on account of increased allowances 12,608 17 1 12,464 16 9 Interest remitted .. .. .. .. . . 47 9 3 .. to widows and children Administration charges — Amalgamated Society of Railway Servants, on account 14 19 2 199 14 2 Travelling-expenses of Board members .. .. 56 10 0 19 0 8 of M. J. Mack Public Trust Office commission .. .. .. 1,190 12 0 1,044 10 2 Interest .. .. .. .. .. .. 50,715 14 7 43,750 12 8 Public Trust mortgage inspection fees .. .. 6 16 3 .. Commission on Government Life Insurance collections .. 11 5 3 4 10 3 Audit Office fees .. .. .. .. .. 50 0 0 50 0 0 Salaries .. .. .. .. .. .. 1,413 3 2 1,391 12 2 Postages .. .. .. .. .. .. 104 16 1 129 16 8 Printing and stationery .. .. .. .. 79411 80 8 0 Balance carried down, being excess of income over expendi- 123,689 0 6 127,758 5 4 ture for the year — 391,277 0 1 | 380,541 13 7 391.277 0 1 380,541 13 7 To Balance accumulated funds at 31st March, 1927 .. .. 985,828 4 0 862,139 3 6 By Accumulated funds brought forward on 1st April, 1926 .. 862,139 3 6 734,112 8 11 Amounts unclaimed written off .. .. .. .. 268 9 3 Balance brought down .. .. .. .. 123,689 0 6 127,758 5 4 £985,828 4 0 £862,139 3 6 £985,828 4 0 £862,139 3 6 I

B. —1 [PT. IV, Sup.].

RAILWAYS SUPERANNUATION FUND —continued. Balance-sheet as at 31st March, 1927.

114

LTABII.1TI KS. | 1926-27. 1925-26. ASSETS. 1926-27. 1925-26. " ~~ | £ s. d. £ s. d. £ s. d. £ s. d. Accumulated funds as per Revenue Account .. .. 985,828 4 0 862,139 3 6 Investment Account — £ s.. d. Casual employees' contingent contributions .. 2,369 16 11 .. Investments .. .. .. 920,835 15 8 Retiring and other allowances due (not paid) — Cash in hand .. .. .. 1,725 4 3 Members .. ,. .. .. .. 575 5 8 838 2 0 — 922,560 19 11 801,560 19 11 Widows and children .. .. .. •. 119 4 7 103 15 11 Current Account —Cash in hand .. .. .. 24,995 5 7 17,679 3 7 Refunds of contributions authorized (notjpaid) .. 1,182 5 5 1,182 3 5 Contributions in transit .. .. .. .. 11,563 9 7 13,590 4 8 Transfers to other funds authorized (not paid) .. .. 4 14 6 4 13 10 Contributions outstanding .. .. .. .. 1,194 3 4 1,438 7 4 Interest paid in advance .. .. .. ■ 308 13 3 132 2 9 Contributions due by members in respect to casual service .. 9,644 18 11 10,643 15 5 Commission due to Public Trustee .. . . 104 8 4 160 3 2 Working RailwaysFarm inspection fee due to Public Trustee .. .. 2 12 3 .. On account of cost-of-living bonus .. .. .. 412 12 5 440 7 0 On account of additional allowances to widows and children 984 5 7 1,115 11 1 Amalgamated Society of Railway Servants —Subsidy .. j .. 9 7 7 Allowances recoverable .. .. .. .. 10 0 0 28 0 0 Refunds repayable .. .. .. .. .. 141 14 6 Interest due, not paid .. .. .. .. .. 7,012 1 8 7,778 8 3 Interest accrued but not due .. .. .. .. 11,973 14 5 10,275 19 9 Sundry Dr. (insurance premium) .. .. .. 1 19 0 | £990, 495 4 11 | £864,560 4 7 i£990,495 4 11 £864,560 4 7

B. -1 [PT. IY, SUP.] .

RAILWAYS SUPERANNUATION FUND —continued. Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. Payments. £ s. d. To Balance in hands of Public Trustee on 31st £ s. d. By Retiring-allowances paid to members .. 215,507 18 3 March, 1926 .. .. .. .. 17,679 3 7 Allowances to widows and children .. 27,438 9 8 Contributions by staff .. .. .. 161,301 84 Contributions refunded to members who have Contributions by contingent contributors .. 2,082 13 9 left the service .. .. .. 21,127 17 10 Fines .. . . .. .. .. 160 10 0 Payments to legal representatives of deceased Receipts from Working Railways Account—• beneficiaries under section 120 (c) of GovernSubsidy .. .. .. .. 170,000 0 0 ment Railways Act, 1926 .. .. 768 2 7 Increased allowances to widows and child- Compensation under Government Railways ren .. .. .. .. 12,740 2 7 Act, 1887 .. .. .. .. 37 1 3 Cost-of-living bonus to annuitants .. 4,992 8 0 Contributions transferred to other funds .. 108 13 5 Payment of subsidy from the Amalgamated Travelling-expenses of Board members . . 56 10 0 Society of Railway Servants on account of Public Trust commission.. .. 1,246 6 10 Matthew Joseph Mack . . . . . . 24 6 9 Mortgage-inspection fees .. . . . . 4 4 0 Interest .. . . . . . . 49,913 7 9 Audit Office charges . . . . . . 50 0 0 Commission on collections of Government Salaries .. .. 1,413 3 2 Life Insurance premiums .. .. 11 5 3 Postages .. .. 104 16 1 Printing and stationery .. . . .. 79 4 11 Payments to annuitants by way of cost-of-living bonus .. .. .. .. 4,964 13 5 Investments .. .. .. .. 121,000 0 0 Insurance premium . . .. .. 1 19 0 Fines remitted and refunded .. .. 10 0 Balance of receipts over disbursements .. 24,995 5 7 £418,905 6 0 £418,905 6 0 J. G. Coates, Chairman of the Government Railways Superannuation Fund Board. H. Valentine, A.1.A.N.Z., Chief Accountant, New Zealand Railways. I hereby certify that the Statement of Receipts and Payments, 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. Campbkll, 17th June, 1927. Controller and Auditor-General.

RANGITAIKI LAND DRAINAGE ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. Payments. To Cash in Public Account, £ s. d. £ s. d. By Drainage-works, stop-banks, cleaning £ s. d. Ist April, 1926 .. 4,183 13 0 channels, and other expenditure inciCash in Investment Ac- dental to drainage operations .. 11,322 17 9 count, Ist April, 1926 20,000 0 0 Engineering and administration ex24,183 13 0 penses .. .. .. 577 14 0 Proceeds from sales and transfers of Travelling-expenses .. .. 64 17 1 plant to other works .. .. 200 0 0 Legal expenses .. .. .. 7 9 6 Subsidy from Consolidated Fund for Plant and machinery .. . . 255 5 3 maintenance of completed works .. 2,900 0 0 Loose tools .. .. .. 16 18 9 Rents .. .. .. .. 236 17 8 Material and stores.. .. .. 430 5 9 "Thirds" .. .. .. 9 8 4 Fuel .. .. .. .. 1,426 7 6 Rates .. . . .. .. 640 13 7 Refund of rates .. .. .. 0 2 7 Interest on investments .. .. 591 16 0 £ s. d. Sundries .. .. .. .. 178 1311 Cash in Public Account 4,839 4 4 Cash in Investment Account .. .. 10,000 0 0 14,839 4 4 £28.941 2 6 £28,941 2 6

115

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RANGITAIKI LAND DRAINAGE ACCOUNT—continued. Revenue Account fob the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Rates written off .. .. 490 8 7 By Accrued rents .. .. . . 215 3 8 Excess levy for maintenance rate Rates levied to meet £ s. d. transferred to Suspense Account 1,267 0 0 maintenance cost .. 4,217 7 6 Interest on debentures .. .. 21,335 17 6 Rates levied for repayMaintenance of completed works .. 2,784 1 7 ment of capital and Principal contained in rate levied interest .. .. 11,911 18 4 for repayment of capital cost 16,129 5 10 transferred to Reserve Account .. 1,025 0 0 "Thirds" .. .. .. 9 8 4 Interest on investments .. .. 519 I 2 Balance transferred to Drainage Works Account .. .. .. 10,029 8 8 £26,902 7 8 £26,902 7 8 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Loan Account .. .. .. 494,500 0 0 Drainage - works—Expenditure in conConsolidated Fund, for loans redeemed nection therewith, including wages, under Public Debt Repayment Act, 1925 15,500 0 0 supplies, administration, and engineerInterest contributed by Consolidated Fund 47,912 19 2 ing expenses, depreciation of plant, and Consolidated Fund —Amount overpaid on capitalized interest charges .. .. 511,465 13 3 account of maintenance subsidy .. 116 0 0 Less reduction in rateable capital under Unpaid purchase-money for land taken .. 210 I 1 section 22, Finance Act, 1925 .. 306,465 13 3 Sundry creditors—Miscellaneous .. 970 5 5 — Interest on debentures, due and unpaid.. 229 6 4 Works cost recoverable out of rates .. 205,000 0 0 Interest on debentures accrued but not due 4,852 0 3 Reduction in rateable capital as per deSuspense Account, for maintenance rate duction from drainage-works above .. 306,465 13 3 levied in excess of requirements .. 1,267 0 0 Plant and machinery .. .. 21,102 14 8 £ s. d. Live-stock .. .. .. .. 4 13 6 Suspense Account .. 3,472 3 11 Loose tools .. .. .. .. 371 14 11 Less rates paid in previous Buildings .. . . .. .. 1,282 3 0 years to be credited to Wharves .. .. . . .. 348 4 6 current rates as per contra 1,308 1 2 Material and stores .. .. .. 1,088 17 5 2,164 2 9 Fuel .. .. .. .. 185 18 3 Reserve Account —Levy for repayment of Sinking fund in hands of Public Trustee.. 904 5 4 capital cost .. .. .. 1,025 0 0 Land for Settlements Account .. 20 0 0 Rates paid in advance .. .. 31 8 11 £ s. d. Rent paid in advance.. .. .. 25 1 0 Sundry debtors for rates.. 18,114 611 Less rates paid in previous years in respect of which remission was granted under section 14, Appropriation Act, 1924, to be credited to current rates on legislative authority being obtained.. 1,308 1 2 16,806 5 9 Sundry debtors for rent .. .. 8 4 8 Sundry debtors —Miscellaneous .. 147 8 2 Sundry debtors for interest on investments 223 3 0 Cash in hands of Post Office .. .. 414 2 £ s. d. Cash in Public Account, 31st March, 1927 .. 4,839 4 4 Cash in Investment Account .. .. 10,000 0 0 — 14,839 4 4 £568,803 4 11 £568,803 4 11 J B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, Revenue Account, and Balancesheet have been duly examined and compared with the relative books and documents submitted or audit, and correctly state the position as disclosed thereby.—J. H. Fowler, Deputy Controller and Auditor-General.

116

B.—l [PT. IV, SUP.].

RESERVE FUND ACCOUNT. Income and Expenditure Account foe the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Exoess 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, 1927. Liabilities. £ s. d. Assets. Capital Aocount .. .. .. .. 2,000,000 0 0 Investment Account— Excess of income over expenditure for year Nominal Value. Cost. ended 31st March, 1927 .. .. .. 90,549 14 10 £ s. d. £ s. d. 230,000 0 0 Transvaal3-per-cent.stock.. 212,005 9 0 59,000 0 0 Egyptian guaranteed 3-per-cent, bonds .. .. 56,362 15 0 153,010 6 1 India 3J-per-cent. stock .. 147,547 8 6 357,766 5 7 India 3-per-cent. stock .. 261,500 3 4 65,340 8 4 India 2J-per-cent. stock .. 31,746 1 0 1,283,157 17 II British War Loan 5-per-cent. stock .. . . .. 1,219,000 0 0 £2,148,274 17 11 1,928,161 16 10 Interest accrued on investments .. .. 28,201 1 10 Interest due and unpaid on investments .. 885 0 0 Treasury Adjustment Account .. .. 133,301 16 2 £2,090,549 14 10 £2,090,549 14 10 Note. —Accumulated interest on investments to 31st March, 1927, £390,543 17s. 2d., credited to Consolidated Fund. 23rd September, 1927. A. D. Park, F.1.A.N.Z., 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 SINKING FUND. (Established under Section 33 of the Samoa Act, 1921.) Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Excess of income over expenditure .. .. 223 7 7 By Interest on investments .. .. .. 223 7 7 £223 7 7 £223 7 7 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Accumulated fund— Investments .. .. .. .. .. 4,780 0 0 Contributions by Samoan Treasury £ s. d. Cash in Public Account .. .. 1,975 7 6 to 31st March, 1926 .. .. 4,540 9 4 Interest aocrued on investments .. .. 37 12 2 Excess of income over expenditure to 31st March, 1926 .. .. 226 1 4 Balance at 31st March, 1926 .. 4,766 10 8 Contributions by Samoan Treasury for year 1926-27 .. .. 1,803 1 5 Excess of income over expenditure for year ending 31st March, 1927 223 7 7 Total accumulated fund as at 31st March, 1927 .. .. 6,792 19 8 6,792 19 8 £6,792 19 8 £6,792 19 8 23rd September, 1927. A. D. Park, F.1.A.N.Z., 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.

117

B. —1 iPt. IV, Sup.j

118

SAMOAN LOAN SUSPENSE ACCOUNT. (Established under Section 26 of the Finance Act, 1921-22.) Income and Expenditure Account fob the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Interest on loans .. .. .. 6,150 8 1 J By Interest on advances to Samoan Administration .. .. .. .. .. 6,129 19 11 Excess of expenditure over income .. 20 8 2 £6,150 8 1 j £6,150 8 1 H i - Balance-sheet as at 31st March, 1927. Liabilities. £ 8. d. i Assets. £ s. d. Loan oapital .. .. .. .. 131,000 0 0 j Advances to Samoan Administration .. .. 131,000 0 0 Aocrued interest on loans .. .. .. 3,212 14 9 ! Accrued interest on advances .. .. 3,211 110 Treasury Adjustment Account .. . . 18 15 3 Excess of expenditure over income .. .. 20 8 2 £134,231 10 0 £134,231 10 0 23rd September, 1927. A. D. Park, F.1.A.N.Z., 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.

STAMP DUTIES, DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Refunds totalizator duty under section 8, By Adhesive stamps .. .. .. 95,608 15 3 Finance Act, 1925 .. .. .. 31,897 3 1 Duty on instruments .. .. .. 490,243 5 9 Postages and telephones .. .. 1,361 7 0 Death duties .. .. .. .. 1,627,357 8 4 Relieving and other allowances .. .. 14 10 0 Gift duties .. .. .. .. 45,582 17 6 Salaries and wages .. .. .. 22,686 0 6 Crown and Native rates .. .. .. 136 2 1 Printing and stationery .. .. .. 1,689 15 4 Fines and penalties .. .. .. 4,684 15 11 Stamp printing.. .. .. .. 1,842 5 11 Impressed stamps and bank-cheques duty.. 182,960 15 2 Law-costs .. .. .. .. 138 7 9 Company licenses .. .. .. 69,341 6 4 Fuel, light, and cleaning.. .. .. 196 14 7 Bank-note duty .. .. .. 200,207 18 3 Transfer and travelling expenses .. .. 315 14 8 Racing revenue .. .. .. 592,485 19 I Freight and cartage .. .. .. 1197 8 Amusements-tax .. .. .. 62,763 11 3 Office supplies .. . . .. . . 180 8 8 Sharebrokers' licenses .. .. .. 673 18 0 Valuation fees .. .. .. .. 232 8 2 Rent of offices .. .. .. .. 3,307 12 8 Totalizator inspection .. .. .. 853 0 7 Depreciation . . .. .. .. 758 7 3 Balance carried down .. .. .. 3,306,453 9 1 £3,372,046 12 11 £3,372,046 12 11 £ s. d. £ s. d. To Interest on capital .. .. .. 560 610 By Balance .. .. .. .. 3,306,453 9 1 Accrued Penalty Reserve .. .. 2,321 6 0 Excess of income over expenditure after charging interest on capital .. .. 3,303,571 16 3 £3,306,453 9 1 £3,306,453 9 1 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 4£ per cent, on capital as at Ist April, 1926. Depreciation has been allowed for on balance of assets as at Ist April, 1926, the total charge being carried to Depreciation Reserve. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital as at Ist April, 1926 .. .. 12,451 19 7 Cash in hands of Receivers .. .. .. 79 1 3 Sundry creditors — £ s. d. Cash in Deposit Accounts .. .. .. 242 0 0 Refunds .. .. .. 6,398 1 4 Salaries paid in advance .. .. .. 51 5 0 Expenditure .. .. 4,156 7 9 £ s. d. 10,554 9 1 Furniture .. .. .. 3,683 15 0 Sundry depositors .. . . . . . . 242 0 0 Additions during year .. 213 6 0 Depreciation Reserve .. .. .. 4,081148 Excess of income over expenditure for year 3,897 1 0 ending 31st March, 1927 .. .. .. 3,303,571 16 3 Less disposals during year 20 8 6 3,876 12 6 Mechanical appliances .. 1,045 9 7 Disposals during year .. 20 0 0 — 1,025 9 7 Plant and machinery .. 7,547 15 0 Additions during year .. 1,344 2 6 8,891 17 6 Disposals during year .. 296 17 6 8,595 0 0 Library .. .. .. .. 175 0 0 Stock of paper and stamps on hand .. 3,094 15 9 Sundry debtors . . .. 309,900 12 9 Less Accrued Penalty Reserve 2,321 6 0 307,579 6 9 Treasury Adjustment Acoount .. 3,006,183 8 9 £3,330,901 19 7 £3,330,901 19 7 29th September, 1927. C. 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. F. C. Campbell, Controller and Auditor-General.

B.—l : PT. IY, SUP.] .

STATE ADVANCES OFFICE. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. Assets. Sundry loans .. .. .. .. 19,342,780 3 5 Investment Account—Principal owing by £ s. d. Temporary advances from — mortgagors .. , . .. .. 17,110,025 12 6 Public Debt Sinking Eund £ s. d. Temporary investments .. .. .. 2,381 5 0 Branch .. .. 40,000 0 D Temporary advances to— £ s. d. Advances Office Sinking Fund Workers Branch .. 1,585,000 0 0 Account .. .. 430,500 0 0 Local Authorities Branch 433,500 0 0 Miscellaneous Business 2,018,500 0 0 Branch .. .. 111,400 0 0 Sinking Eund investments held by— 0 0 Advances Office Sinking Eund Account .. *1,697,117 110 Amount held for investment on behalf of the Interest on mortgages — £ s. d. Housing Insurance Fund .. .. 4,183 5 0 Overdue .. .. 139,732 6 9 Advances Suspense Account .. .. 47,960 0 0 Accrued .. .. 214,829 4 3 Eire Loss Suspense Account .. .. 10,074 6 3 — 354,561 II 0 Income-tax Suspense Account .. .. 8,498 8 9 Interest on temporary investments accrued .. 7,995 16 11 Sundry creditors .. .. .. .. 2,160 211 Office furniture and equipment .. ... 6,274 16 3 Interest on loans accrued but not due .. 176,996 19 10 Sundry debtors .. .. .. .. 30,593 10 3 Reserve for bad debts .. .. .. 29,274 5 I Loan Charges Account ~ ... .. 202,926 11 5 Sinking Fund .. .. .. .. 1,338,451 19 11 Cash in hand and in bank at 31st March, 1927 136,903 6 0 Reserve Fund .. . . .. .. 25,000 0 0 £21,567,279 11 2 £21,567,279 11 2 — I * This amount includes the sum of £358,665 Is.lid. capital paid into the Advances Office Sinking Fund under the provisions of the State Advances Act, 1913, section (3) (r). Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Gr. £ s. d. To Management Expenses Account .. .. 30,426 411 By Interest Account —Gross profits .. .. 94,434 19 6 Loss on realization of securities and doubtful securities written down .. .. .. 14,891 411 Office furniture and equipment written down 330 5 0 Balance —Net profits for the year .. .. 48,787 4 8 £94,434 19 6 £94,434 19 6 i £ s. d. £ s. d. To Loan-flotation charges written down .. 11,471 13 1 By Net profits for the year .. .. .. 48,787 4 8 Income-tax .. .. .. .. 8,477 19 3 Balance of net profits invested in Advances Office Sinking Eund Account .. .. 28,837 12 4 £48,787 4 8 . £48,787 4 8 Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. j Or. £ s. d. £ s. d. To Interest on loans .. .. 836,179 111 | By Interest on mortgages .. 757,007 11 7 Less accrued at 31st March, | Less overdue and accrued at 1926 .. .. 163,984 2 7 31st March,'l926 .. 253,078 17 8 672,194 19 4 503,928 13 11 Interest on loans accrued but not due .. 176,996 19 10 Interest on outstanding payments .. .. 56 0 1 Interest on amounts temporarily transferred Interest on bank balances .. .. 772 16 6 from other branches .. .. 33,271 1 2 Interest on temporary advances to other Balance —Gross profits transferred to Profit and branches .. .. .. .. 88,187 10 0 Loss Account .. .. .. .. 94,434 19 6 Interest on temporary invest- £ s. d. ments .. .. .. 54,206 5 1 Less accrued at 313t March. 1926 . . .. . . 32,810 13 8 21,395 11 5 Interest on temporary investments accrued at 31st March, 1927 .. .. .. 7,995 16 11 Interest on mortgages— £ s. d. Overdue at 31st March, 1927 139,732 6 9 Accrued but not due at 31st March, 1927 .. ..214,829 4 3 354,561 11 0 £976,897 19 10 £976,897 19 10

119

B.—l [PT. IV, SUP.] .

STATE ADVANCES OFFICE —continued. ADVANCES TO SETTLERS BRANCH —continued. Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Advertising, newspapers, &c. .. .. 16 18 2 By Consent fees .. .. .. .. 25 10 0 Audit Office services .. .. .. 300 0 0 Production fees .. .. .. .. 856 13 9 Cleaning, lighting, heating, and messenger Release fees .. .. .. .. 307 8 6 services .. .. .. .. 460 0 9 Sundry fees .. .. .. .. 8 18 6 Compassionate allowance to Mrs. Foote .. 190 0 0 Balance transferred to Profit and Loss Account 30,426 4 11 Fees paid for special service in respect of securities .. .. .. .. .. 63 18 6 Management charges on New Zealand stock and bonds .. .. .. .. 999 0 9 Meal allowances and overtime .. .. 562 1 0 Office maintenance .. .. .. 137 13 6 Postages and telegrams .. .. .. 906 17 2 Post Office services .. .. .. 1,586 8 6 Printing and stationery .. .. .. 1,729 16 11 Public Service Superannuation Fund contribution .. .. .. .. 298 5 7 Rent .. .. .. .. .. 2,474 8 9 Salaries.. .. .. .. .. 20,273 4 3 Solicitors' costs and Court costs .. .. 23 15 5 Telephones .. .. .. . . 154 1 6 Travelling-expenses .. .. .. 722 5 0 ; Typewriters and adding-machines—Repairs .. 75 19 11 Valuation Department—Agency work .. 650 0 0 £31,624 15 8 £31,624 15 8 - - - A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. 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. —J. H. Fowler, Deputy Controller and Auditor-General. ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. Assets. Sundry loans .. .. .. .. 8,058,022 19 11 Investment Account —Principal owing by mort- £ s. d. Temporary advances from Settlers Branch .. 1,585,000 0 0 gagors .. .. .. .. 9,454,207 15 7 Interest on loans accrued but not due .. 69,833 7 8 Sinking Fund investments held by Advances Advances Suspense Account .. .. 189,496 12 1 Office Sinking Fund Account .. .. *84,751 8 8 Fire Loss Suspense Account .. .. 1,355 0 0 Interest on mortgages— £ s. d. Suspense Account .. .. .. 4,416 10 7 Overdue.. .. .. 42,159 2 5 Income-tax Suspense Account .. .. 1,529 1 6 Accrued.. .. .. 109,543 10 9 Sundry creditors .. .. .. .. 976 5 6 151,702 13 2 Reserve for bad debts .. .. .. 188 9 9 Interest on temporary investments accrued .. 1,416 0 6 Sinking Fund .. .. .. .. 63,660 0 9 Sundry debtors .. .. 513 0 4 Loan Charges Account .. .. .. 246,834 11 3 Profit and Loss Account .. .. .. 32,975 0 9 Cash in hand and in bank at 31st March, 1927 2,077 17 6 £9,974,478 7 9 £9,974,478 7 9 * Tlus amount includes the sum of £21,091 7s. lid. capital paid into the Advances Office Sinking Fund under the provisions of the State Advances Act, 1913, section (3) (c). Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 5,449 14 5 By Interest Account —Gross profits .. .. 14,413 9 6 Losses on realization of securities .. .. 188 9 9 Balance —Net profits for the year .. .. 8,775 5 4 £14,413 9 6 ! £14,413 9 6 £ s. d. £ s. d. To Balance as at 31st March, 1926 .. .. 25,969 1 5 By Net profits for the year .. .. .. 8,775 5 4 Loan-flotation charges written down .. 14,252 3 2 Balance .. .. .. .. 32,975 0 9 Income-tax .. .. .. .. 1,529 1 6 £41,750 6 1 £41,750 6 1

120

B. —1 [PT. IV, SUP.] .

STATE ADVANCES OFFlCE—continued. ADVANCES TO WORKERS BRANCH —continued. Interest Account for the Year ended 31st March, 1927. . Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 328,499 7 0 By Interest on mortgages .. 350,329 10 3 Less accrued at 31st March, Less interest overdue and 1926 .. .. .. 59,450 3 3 accrued at 31st March, 1926 103,575 8 6 269,049 3 9 246,754 1 9 Interest on amounts temporarily transferred Interest on bank balances . .. .. 370 0 0 from other branches .. .. 66,937 6 8 Interest on outstanding payments .. .. 3 19 2 Interest on loans accrued but not due .. 69,833 7 8 Interest on temporary invest- £ s. d. Balance—Gross profits transferred to Profit and ments .. .. 21,911 11 7 Loss Account .. .. .. .. 14,413 9 6 Less accrued at 31st March, 1926 1,924 18 7 19,986 13 0 Interest on temporary investments accrued at 31st March, 1927 ' .. .. .. 1,416 0 6 Interest on mortgages - £ s. d. Overdue at 31st March, 1927 42,159 2 6 Accrued but not due at 31st March. 1927 .. ..109,543 10 9 151,702 13 2 £420,233 7 7 £420,233 7 7 Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To Audit Office services .. .. .. 150 0 0 By Consent fees .. .. .. .. 011 0 Cleaning, lighting, heating, and messenger Cost of preparation of mortgages .. .. 136 12 0 services .. .. .. .. 150 0 0 Inspection fees .. .. .. .. 712 6 Contingencies .. .. .. .. 0 14 Production fees .. .. .. .. 384 9 6 Court costs and solicitor's costs .. .. 7 6 6 Release fees . . .. .. . . 100 9 8 Management charges on New Zealand stock and Balance transferred to Profit and Loss Account 5,449 14 5 bonds .. . . .. .. .. 519 11 10 Post Office services .. .. .. 500 0 0 Postages and telegrams .. .. .. 192 9 5 Printing and stationery .. .. . . 300 0 0 Public Service Superannuation Fund contribution .. .. .. .. .. 40 0 0 Rent .. .. .. .. .. 600 0 0 Salaries .. .. .. .. .. 3,270 0 0 Valuation Department—Agency work .. 350 0 0 £6,079 9 1 £6,079 9 1 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. 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.—J. H. Fowler, Deputy Controller and Auditor-General. ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. Assets. Sundry loans .. .. .. .. 2,790,293 11 8 Investment Account —Principal owing by local £ s. d. Loan-moneys —Unexpended balances under sec- bodies .. .. .. •• 2,849,519 6 3 tion 72, Local Bodies' Loans Act, 1913 .. 3,987 12 10 Sinking Fund investments held by Advances Temporary advances from Settlers Branch .. 433,500 0 0 Office Sinking Fund Account .. .. *358,187 13 2 Interest on loans accrued but not due .. 36,554 6 6 Interest on debentures— £ s. d. Sinking Fund .. .. .. .. 129,977 15 7 Overdue.. .. .. 6,341 2 0 Accrued .. .. 24,957 2 0 31,298 4 0 Loan Charges Account .. .. .. 32,831 16 8 Profit and Loss Account .. .. .. 122,238 13 0 Cash in hand and in bank as at 3.lst March, 1927 237 13 6 £3,394,313 6 7 £3,394,313 6 7 » This amount includes the sum of £228,209 17s. 74. capital paid into the Advances Office Sinking Fund under the provisions of the State Advances Act, 1913, section (3) (<•).

16— B. 1 [PT. IV, SUP.J.

121

B.—l [PT. IY, SUP.] ,

STATE ADVANCES OFFlCE—continued. ADVANCES TO LOCAL AUTHORITIES BRANCH—continued. Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. Tn Balance —Interest Account .. .. 9,646 8 7 By Balance—Loss for the year .. .. 10,848 2 7 Management Expenses Account .. .. 1,201 14 0 £10,848 2 7 £10,848 2 7 £ s. d. £ s. d. To Balance as at 31st March, 1926 .. .. 110,589 10 5 By Balance .. .. .. .. 122,238 13 0 Loan-flotation charges written down . . 801 0 0 Loss for the y ear .. .. .. 10,848 2 7 £122,238 13 0 £122,238 13 0 Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. Cr. £ g. d. £ s. d. To Interest on loans .. 103,772 611 By Interest on debentures .. 118,260 910 Less accrued at 31st Less overdue and accrued March, 1926 .. 36,554 6 6 at 31st March, 1926 .. 33,248 12 2 67,218 0 5 85,011 17 8 Interest on amounts temporarily transferred Interest on bank balances .. .. 45 0 0 from Settlers Branch .. .. .. 22,229 3 4 Interest on debentures— Interest on loans accrued but not due .. 36,554 6 6 Overdue at 31st March, 1927 6,341 2 0 Accrued but not due at 31st March, 1927 .. 24,957 2 0 31,298 4 0 Balance transferred to Profit and Loss Account 9,646 8 7 £126,001 10 3 £126,001 10 3 Management Expenses Account for the Year ended 3Lst March, 1927. Dr. ■■■£■■• S. d. I Cr. £ s , a. To Audit Office services .. .. .. 50 0 0 By Balance transferred to Profit and Loss Account 1,201 14 0 Cleaning, lighting, heating, and messenger services .. .. .. .. .. 30 (I II Management charges, New Zealand stock and bonds .. .. .. .. .. 151 14 0 Post Office services .. .. .. 25 0 0 Postages and telegrams .. .. .. 25 0 0 j Printing and stationery .. .. .. 125 0 0 Public Service Superannuation Fund contribution .. .. .. .. .. 17 0 0 Rent .. .. .. .. .. 100 0 0 Salaries .. .. .. .. .. 678 0 0 £1,201 14 0 £1,201 14 0 A. A. Pricjtard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. 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.- ,1. H. Fowler, Deputy Controller and Auditor-General. PUBLIC DEBT SINKING FUNDS BRANCH. Statement of Ltathltttes and Assets as at 31st March, 1927. Liabilities. Assets. Sinking Fund created under the provisions of £ s. d. Investment Account—Principal owing on loans the Public Debt Extinction Act, 1910 .. 3,258,955 19 4 to— £ s , c j. £ a f ] Advances Suspense Account .. .. 2,175 0 0 Settlers .. .. 1,009,435 2 2 Fire Loss Suspense Account.. .. .. 1,002 0 0 Workers .. .. 70,426 13 7 Suspense Account .. .. .. 233 19 4 Local bodies .. .. 2, 1 1 Sundry creditors —Interest due to Consolidated 3 232 342 10 Fund in accordance with section 12 (a) of the Temporary advances to Settlers Branch . . 40 000 0 0 Repayment of the Public Debt Act, 1925 .. 10,122 10 11 Sundry debtors .. .. .. .. '15 9 6 Interest due to Treasury, overdue and accrued 44,047 17 0 Interest overdue on loans to— £ s. d. Settlers .. .. 4,421 18 1 Workers .. ~ 237 2 4 Local bodies .. .. 4,434 3 6 9,093 3 11 Interest accrued on loans to — Settlers .. .. 12,546 12 1 Workers .. .. 847 16 2 Local bodies .. .. 21,560 4 10 34,954 13 1 Cash in hand and in bank at 31st March, 1927. . 131 3 3 £3,316,537 6 7 £3,316,537 6 7

122

ii.—l [Pt. IV, Sup.]

STATE ADVANCES OFFlCE—contime^. PUBLIC DEBT SINKING FUNDS BRANCH—cant i/rued. Interest Account for the Year ended 31st March, 1927. Dr. Or. To Interest 011 investments due to Consolidated By Interest on loans to — £ s. d. £ s. d. Fund in accordance with section 12 (a) of the Settlers .. .. 42,803 2 10 Repayment of the Public Debt Act, 1925— £ s. d. Workers .. .. 2,914 3 5 Paid to Treasury .. .. .. .. 138,370 !) 1 Local bodies .. .. 97,035 7 7 In hand, 31st March, 1927.. .. .. 10,122 10 11 — Overdue and accrued at 31st March, 1927 .. 44,047 17 0 142,752 13 10 Less interest overdue and 192,540 17 0 accrued at 31st March, 1926 41,975 13 I Less overdue and accrued at 3lst March, 1926 41,975 13 1 100,777 0 9 Interest on expenses incurred in protection of 150,565 3 11 securities .. .. .. .. 9 3 11 Interest on bank balances .. .. .. 75 0 0 Interest on temporary advances to Settlers Branch .. .. .. .. 5,658 2 3 Interest overdue at 31st March, 1927, on loans to — £ s. d. Settlers .. .. 4,421 18 1 Workers .. .. 237 2 4 Local bodies .. .. 4,434 3 6 — 9,093 311 Interest accrued at 31st March, 1927, on loans to— Settlers .. .. 12,546 12 1 Workers .. .. 847 16 2 Local bodies .. .. 21,560 410 34,954 13 1 £150,565 3 II £150,565 3 11 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. 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.— J. 11. Fowler, Deputy Controller and Auditor-General. ADVANCES OFFICE SINKING} FUND ACCOUNT. Statement op Liabilities and Assets as at 31st March, 1927. Liabilities. Assets. Principal received as at 31st Investment Account: PrinciMarch, 1926, with accu- pal owing on loans to— £ s. d. £ s. d. mulated interest from— £ s. d. £ s. d. Settlers .. .. 1,138,089 8 1 Settlers Branch .. .. 1,720,803 13 4 Workers ... .. 71,962 7 7 Workers Branch.. .. 267,983 3 5 Local bodies .. .. 418,611 1 2 Local Authorities Branch .. 342,261 15 2 — 1,628,662 16 10 Temporary advances to Settlers Branch 430,500 0 0 2,331,048 II 11 Sundry debtors .. .. .. 216 10 2 Interest earned for the year Interest overdue on loans to — £ s. d. ended 31st March, 1927— Settlers .. .. 6,600,7 5 Settlers Branch .. .. 74,175 16 2 Workers .. .. 410 12 7 Workers Branch.. .. 3,768 5 3, Local bodies .. . , 3,093 13 9 Local Authorities Branch.. 15,925 18 0 10,104 13 9 Interest accrued on loans to — 2,424,918 11 4 Settlers .. .. 12,765 15 0 Balance—Net profits trans- Workers .. .. 781 16 2 ferred from Settlers Branch 28,837 12 4 Local bodies .. .. 3,508 2 0 17,055 13 2 2,453,756 3 8 Cash in hand and in bank at 31st March, 1927 57,306 9 9 Less redemption of loans — Settlers Branch £126,700 Workers Branch £187,000 . . 313,700 0 0 Total fund as at 31st March, 1927 .. .. 2,140,056 3 8 Advances Suspense Account .. .. 3,790 0 0 £2,143,846 3 8 £2,143,846 3 8

123

B.—l [PT. IY, Sup.] .

STATE ADVANCES OFFICE —continued. ADVANCES OFFICE SINKING FUND ACCOUNT—continued. Interest Account foe the Year ended 31st March, 1927. Dr. Cr. To Interest on investments — Transferred to £ s. d. By Interest on loans to — £ s. d. £ s. d. Sinking Fund Account .. .. .. 93,869 19 5 Settlers .. .. .. 48,482 13 8 Workers .. .. .. 3,199 19 6 Local bodies .. .. 18,433 5 3 70,115 18 5 Less overdue and accrued at 31st March, 1926 .. ..24,932 19 3 45,182 19 2 Interest on bank balances .. .. 110 0 0 Interest on temporary advances to Settlers Branch 21,416 13 4 Interest overdue at 31st March, 1927, on loans to — £ s. d. Settlers .. .. 6,600 7 5 Workers .. .. .. 410 12 7 Local bodies .. .. 3,093 13 9 10,104 13 9 Interest accrued at 31st tylarch, 1927, on loans to — Settlers .. .. .. 12,765 15 0 Workers .. .. .. 781 16 2 Local bodies .. 3,508 2 0 17,055 13 2 £93,869 19 5 £93,869 19 5 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. 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.—J. H. Fowler, Deputy Controller and Auditor-General. MISCELLANEOUS BUSINESS BRANCH. HOUSING ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. Assets. Sundry loans —• £ s. d. £ s. d. Investment Account: Principal Debentures .. .. .. 412,388 9 4 owing on— £ s. d. £ s. d. Expenditure from Public Works Dwellings purchased .. 464,201 111 Fund .. .. .. 319,918 1 7 Sections purchased .. 4,213 10 11 Advances.. .. .. 408 10 4 732,306 10 1J Loans on mortgage .. 386 17 8 Less loan-moneys redeemed 469,210 0 10 and discharged from Con- Temporary advances to Settlers Branch .. 64,100 0 0 solidated Fund .. .. 19,468 9 4 Advances to Railway Department for erection of 712,838 1 7 Hutt Valley dwellings .. .. .. 80,507 0 0 Sundry creditors .. .. .. 1,131 15 1 Completed dwellings .. .. .. .. 10,774 4 4 Suspense Account .. .. .. 4,92830 Dwellings let .. .. .. .. 24,354 5 6 Interest on loans— Freehold land .. . . .. .. 46,433 0 8 Overdue .. .. .. 17,357 4 7 Sinking Fund recouped to Consolidated Fund Accrued .. .. .. 4,000 9 2 (from capital) .. .. .. .. 3,354 19 10 21,357 13 9 Insurance Fund investment held by Settlers Insurance Fund .. .. .. 4,183 5 0 Branch .. .. .. .. .. 4,183 5 0 Reserve for losses on realization and bad debts .. 6,716 14 11 Sundry debtors .. .. .. .. 75117 Interest on dwellings and land— £ s. d. Overdue .. .. .. 7,085 17 3 Accrued .. .. .. 81 5 9 7,167 3 0 Rent overdue .. .. .. .. 1,630 0 11 Insurance premiums^— Overdue .. .. .. 535 8 4 Paid in advance .. .. 439 7 0 974 15 4 Profit and Loss Account .. .. .. 37,143 16 2 Cash in hand and in bank at 31st March, 1927 .. 572 0 2 £751,155 13 4 £751,155 13 4

124

15. 1 [Pt. IY, Sup.jg

STATE ADVANCES OFFlCE—continued. HO US INC ACCOUNT—continued. Profit and Loss Account fob the Year ended 31st March, 1927. Dr. £ s. d. Gr. £ s. d. To Management Expenses Account .. .. 2,576 4 0 By Interest Account—Gross profits .. .. 1,427 13 7 Dwellings maintenance .. .. .. 923 11 11 Sale of land and dwellings .. .. .. 647 10 6 Losses on realization of securities, and doubtful Balance—Loss for the year .. .. 1,992 811 securities written down.. .. .. 567 17 1 £4,067 13 0 £4,067 13 0 £ s. d. To Balance as at 3Lst March, 1926 .. .. 37,871 14 0 By Principal moneys written off —Freed from £ s. d. Loss for the year .. .. .. .. 1,992 811 liability .. .. .. .. 2,720 6 9 Balance .. .. .. .. 37,143 16 2 £39,864 2 11 £30,864 2 II Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 29,063 15 7 By Interest on land and dwellings .. 25,030 13 1 Less accrued at 31st March, 1926 4,030 8 3 Less overdue and accrued at 25,033 7 4 31st March, 1926 .. .. 6,536 1 10 Interest on loans accrued but not due .. 4,000 9 2 — 18,494 11 3 Balance—Gross profits transferred to Profit and Interest on amounts temporarily transferred to Loss Account .. .. .. 1,427 13 7 Settlers Branch .. .. .. .. 4,722 10 10 Interest on bank balances .. .. .. 77 5 0 Interest on dwellings and land— £ s. d. Overdue at 31st March, 1927 .. 7,085 17 3 Accrued but not due at 31st March, 1927 .. .. 81 5 9 7,167 3 0 £30,461 10 1 i £30,461 10 1 Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. Gr. £ s. d. To Audit Office services .. .. .. 225 0 0 By Administration expenses .. .. .. 3 4 0 Cleaning, lighting, heating, and messenger Transfer fees .. . . .. ~ 9 10 6 services . . .. .. . . 30 0 0 Balance transferred to Profit and Loss Account 2,576 4 0 Fees paid for special services in respect of securities .. .. .. .. .. 169 19 3 Postages and telegrams .. .. .. 25 0 0 Post Office services .. .. .. 225 0 0 Printing and stationery .. .. .. 100 0 0 Public Service Superannuation Fund contribution .. .. .. .. .. 32 0 0 Rates .. . . .. .. .. 7 10 6 Rent .. .. .. .. .. 100 0 0 Salaries .. .. .. .. 1,400 0 0 Solicitors' costs .. .. .. .. 24 8 9 Valuation Department—Agency work .. 250 0 0 £2,588 18 6 £2,588 18 0 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. K. 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. .Note. In the absence of statutory authority no provision has been made during the year by this account for redemption of loan liability.—J. EL Fowler, Deputy Controller and Auditor-General. The Profit and Loss Account set out above reveals a loss for the year of £1,992 Bs. lid., hence no provision by the account could be made for redemption of loan liability.—A. A. Prichard, Deputy Superintendent. LOANS TO EMPLOYERS FOB WORKERS' DWELLINGS ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. Assets. Sundry loans .. .. .. .. 3,975 0 0 Investment Account—Principal owing by mort- £ s. d. Interest on loans — £ s. d. gagors .. .. .. .. .. 3,030 14 2 Overdue.. .. .. .. 82 18 0 Temporary advances to Settlers Branch .. .. 750 0 0 Accrued .. .. .. 38 15 4 Sinking Fund recouped to Consolidated Fund (from 121 13 10 capital) .. .. .. .. .. 33 711 Profit and Loss Account .. .. .. 13 0 8 Interest on mortgages— £ s. d. Overdue .. .. .. 260 18 0 Accrued .. .. .. 2 15 7 263 13 7 Cash in hand and in bank at 31st March, 1927 .. 31 18 10 £4,109 14 6 £4,109 14 6

125

B.—l [Pt. IV, Sup. j

STATE ADVANCES OFFlCE—continued. LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT—continued. Profit and Loss Account fob the Yeah ended 31st March, 1927. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. 10 0 0 By Interest Account —Gross profits .. 32 1 2 Balance —Net profits for the year .. 22 1 2 £32 1 2 £32 1 2 £ s. d. £ s. d. To Balance as at 31st March, 1926.. .. .. 9 0 6 By Net profits for the year .. .. .. 22 I 2 Balance —Net profits carried forward .. .. 13 0 8 £22 1 2 £22 1 2 Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 76 1 6 By Interest on mortgages .. .. 120 10 0 Less accrued at 31st March, 1920 .. 43 12 3 Interest on mortgages — 32 9 3 Overdue .. .. .. 260 18 0 Interest on loans — Accrued .. .. .. 2 15 7 Overdue .. .. 82 18 6 Accrued .. .. 38 15 4 384 3 7 121 13 10 Less interest overdue and accrued Balance—Gross profits transferred to Profit and at 31st March, 1926 .. .. 230 9 3 Loss Account .. .. .. .. 32 1 2 153 14 4 Interest on temporary loans to Settlers Branch .. 32 911 £186 4 3 £186 4 3 Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. | Or. £ s. d. To Administration expenses .. .. 10 0 0 By Balance transferred to Profit and Loss Account .. 10 0 0 £10 0 0 £10 0 0 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30tli June, 1927. li. 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. Note. —In the absence of statutory authority no provision has been made during the year by this account for redemption of loan liability. —J. H. Fowler, Deputy Controller and Auditor-General. FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 69,598 14 3 Investment Account—Principal owing by mortLcss loan liability redeemed and gagors .. .. .. .. .. 44,613 3 4 discharged from Consolidated Properties acquired .. .. .. .. 4,212 8 6 Fund .. .. .. 6,008 14 3 Temporary advances to Settlers Branch .. 12,790 0 0 Interest on, mortgages— £ s. d. 63,590 0 0 Overdue .. .. .. 1,666 6 9 Less loan liability redeemed by Accrued .. .. .. 357 18 7 Public Debt Repayment Ac- 2,024 5 4 count .. .. .. 5,000 0 0 Sundry debtors .. .: .. .. 60 19 3 58,590 0 0 Profit and Loss Account .. .. .. 4,398 16 7 Liability to Consolidated Fund in Cash in hand and in bank at 31st March, 1927 . . 1,036 9 2 terms of section 22, Finance Act, 1926.. .. .. 5,000 0 0 Less Sinking Fund recouped to Consolidated Fund.. .. 612 16 10 4,387 3 2 Suspense Account ...... 35 17 10 Interest on loans — Overdue .. .. .. 1,298 19 0 Accrued .. .. .. 1,271 6 8 2,570 5 8 Rent accrued .. .. .. .. 37 1 8 Reserve for losses on realization and bad debts .. .. .. 3,515 13 10 £69,136 2 2 £69,136 2 2 Profit and Loss Account foe the Year ended 3.lst March, 1927. Dr. £ s. d. Or. £ s. d. To Management Expenses Account .. .. 100 0 0 By Interest Account—Gross profits .. .. 39 16 4 Expenses of realization of assets A .. 49 18 3 Balance—Loss for the year .. .. .. 110 111 £149 18 3 £149 18 3 £ d. £ g . (1. To Balance as at 31st March, 1926 .. .. 5,803 2 9 By Principal moneys written off —Freed from liability 1,514 8 1 Loss for the year .. .. .. .. 110 1 11 Balance .. .. .. .. .. 4,398 16 7 £5,913 4 8 £5,913 4 S

126

B.—l [PT. IY, SUP.] .

STATE ADVANCES OFFlCE—continued. FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT—continual. Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. £ s. d. £ s. d To Interest on loans .. .. 2,601 3 0 Cr. Less accrued at 31st March, 1926 1,295 1 4 By Interest on mortgages .. 1,945 13 2 1,306 I 8 Less overdue and accrued at Interest on loans accrued but not due .. 1,271 6 8 31st March, 1926 .. 1,934 4 8 Balance—Gross profits transferred to Profit and 11 8 6 Loss Account .. .. .. .. 39 16 4 Interest on bank balances .. .. 15 0 0 Interest on temporary advances to Settlers Branch .. .. 566 10 10 Interest on mortgages— Overdue at 31st March, 1927 1,666 6 9 Accrued but not due at 31st March, 1927 .. .. 357 18 7 2,024 5 4 £2,617 4 8 : £2,617 4 8 Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s . rl. To Administration expenses .. .. .. 95 0 0 By Balance transferred to Profit and Loss Account .. 100 0 0 Audit Office services .. .. .. .. 5 0 0 £100 0 0 £100 0 0 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. 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. Note.—ln the absence of statutory authority no provision has been made during the year by this Account for redemption of loan liability.- -J. H. Fowler, Deputy Controller and Auditor-General. The Profit and Loss Account set out above reveals a loss for the year of £110 Is. lid., hence no provision by the account could be made for redemption of loan liability.—A. A. Prichard, Deputy Superintendent. COLD-STORAGE ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. £ s. d. Assets. £ s . d. Sundry loans .. .. .. 82,750 0 0 Investment Account —Principal owing by mortLess loan liability redeemed and gagors .. .. .. ~ .. 41,760 5 0 discharged from Consolidated Temporary advances to Settlers Branch .. .. 30,920 0 0 Fund .. .. .. 7,500 0 0 Interest on mortgages— £ s. d. Overdue .. .. .. 863 19 5 75,250 0 0 Accrued . . .. .. 742 7 4 Less loan liability redeemed by 1,606 6 9 Public Debt Repayment Ac- Sundry debtors .. .. ~ .. 547 io 0 count .. .. .. 980 0 0 Profit and Loss Account .. .. .. 698 12 9 74,270 0 0 Cash in hand and in bank at 31st March, 1927 .. 317 4 Liability to Consolidated Fund in terms of section 22, Finance Act, 1926 .. .. .. 980 0 0 Less Sinking Fund recouped to Consolidated Fund .. .. 926 2 8 53 17 4 Interest on loans— Overdue .. .. .. 417 16 6 Accrued .. .. .. 247 8 0 665 4 6 Reserve for losses on realization and bad debts.. 547 10 0 £75,536 11 10 £75,536 11 10 Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s . f i. To Management Expenses Account .. .. 115 0 0 By Interest Account—Gross profits .. .. 607 17 6 Losses on realization of securities .. .. 547 10 0 Balance—Loss for the year .. .. .. 54 12 6 £662 10 0 £662 10 0 £ s. d. £ s . a. To Balance as at 31st, March, 1926 .. .. 1,020 5 3 By Sinking Fund invested in Public Debt RedempLoss for the year .. .. .. .. 54 12 6 tion Fund (refunded) .. .. . . 376 5 0 Balance .. .. .. .. .. 698 12 9 £1.074 17 9 £1,074 17 9

127

B.—l [PT. IY, SUP.] .

STATE ADVANCES OFFlCE—continued. COLD-STORAGE ADVANCES ACCOUNT—continued. Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. dTo Interest on loans .. .. 3,010 0 0 By Interest on mortgages .. .. 2,301. 14 6 Less accrued at 31st March, 1926 247 411 Less overdue and accrued at 31st — 2,702 15 1 March, 1926 .. .. 1,832 4 0 Interest on loans accrued but not due.. .. 247 8 0 469 10 6 Balance—Gross profits transferred to Profit and Interest on bank balances .. .. .. 15 0 0 Loss Account .. .. .. 607 17 6 Interest on temporary advances to Settlers Branch.. .. .. .. .. 1,527 3 4 Interest on mortgages— £ s. d. Overdue at 31st March, 1927 .. 863 19 5 Accrued but not due at 31st March, 1927 .. .. 742 7 4 1,606 6 9 £3,618 0 7 j £3,618 0 7 Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ 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 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. 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. Note. —In the absence of statutory authority no provision has been made during the year by this account for redemption of loan liability.—J. H. Fowler, Deputy Controller and Auditor-General. The Profit and Loss Account set out above reveals a loss for the year of £54 12s. 6d., hence no provision by the account could be made for the redemption of loan liability.—A. A. Prichard, Deputy Superintendent. FISHING INDUSTRY PROMOTION ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. £ s. d. j Assets. £ s. d. Sundry loans .. .. .. 5,571 19 2 | Investment Account —Principal owing on bills of Less loan liability redeemed and | sale .. .. .. .. .. 1,229 610 discharged from Consolidated I Temporary advances to Settlers Branch .. 2,840 0 0 Fund .. .. .. 1,036 19 2 ! Interest on bills of sale— £ s. d. — Overdue .. .. 16 8 10 4,535 0 0 Accrued .. .. 15 10 6 Less loan liability redeemed by 31 19 4 Public Debt Repayment Ac- Sundry debtors .. .. .. .. 17 3 2 count .. .. .. 1,060 0 0 Profit and Loss Account .. .. .. 397 9 0 3,475 0 0 Cash in hand and in bank at 31st March, 1927 .. 197 6 1 Liability to Consolidated Fund in terms of section 22, Finance Act, 1926 .. .. .. 1,060 0 0 Less Sinking Fund recouped to Consolidated Fund .. .. 41 3 5 1,018 16 7 Interest on loans — Overdue .. .. .. 152 14 3 Accrued .. .. .. 66 13 7 219 7 10 £4,713 4 5 ! £4,713 4 5 I Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. | Cr. £ s. dTo Management Expenses Account .. .. 13 13 4 j By Interest Account —Gross profits .. .. 19 1 Balance —Loss for the year .. .. 12 4 3 £13 13 4 £13 13 4 £ s. d. £ s. d. To Balance as at 31st March, 1926 .. .. 1,062 15 0 j By Principal moneys written off —Freed from liability 677 10 3 Loss for .the year .. .. .. 12 4 3 Balance .. .. .. .. 397 9 0 £1,074 19 3 I £1,074 19 3 Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. .. 226 13 6 By Interest on bills of sale .. .. 87 8 0 Less accrued at 31st March, 1926 .. 76 14 9 Less overdue and accrued at 149 18 9 31st March, 1926 .. .. 50 12 7 Interest on loans accrued but not due .. .. 66 13 7 36 15 5 Balance —Gross profits transferred to Profit and Interest on bank balances .. .. 20 0 0 Loss Account .. .. .. .. 19 1 Interest on temporary advances to Settlers Branch 129 6 8 Interest on bills of sale— £ s. d. Overdue at 31st March, 1927 .. 16 8 10 Accrued but not due at 31st March, ' 1927 .. 15 10 6 31 19 4 £218 1 5 ' £218 1 5

128

B.—l I PT. IV, Sup.l .

STATE ADVANCES OFFlCE—continued. FISHING INDUSTRY PROMOTION ACCOUNT —continued. Management Expenses Account fob, the Year ended 31st March, 1927. Dr. £ s. d. Gr. £ s. d. To Administration expenses .. .. .. 10 0 0 By Survey fees.. .. .. .. .. 218 Audit Office services .. .. .. 5 0 0 Balance transferred to Profit and Loss Account .. 13 13 4 Court costs .. .. .. .. .. 0 15 0 £15 15 0 £15 15 0 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. 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. Note.—ln the absence of statutory authority no provision has been made during the year by this account for redemption of loan liability.—J. H. Fowler, Deputy Controller and Auditor-General. The Profit and Loss Account set out above reveals a loss for the year of £12 4s. 3d., hence no provision by the account could be made for the redemption of loan liability. —A. A. Prtchard, Deputy Superintendent. REPATRIATION. Statement op Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Liability to Redemption Account as at Ist April, Investment Account — Principal £ s. d. 1925 .. .. .. .. 1,287,258 6 8 owing by mortgagors .. 372,935 8 10 Plus balance reserve for loss as taken over from Less Suspense adjustments .. 161 12 4 Repatriation Department—reversed .. 2,923 15 5 372,773 16 6 Buildings and farm assets .. .. .. 2,414 6 4 1,290,182 2 I Sundry debtors .. .. .. .. 165 0 0 Less repayments to 31st March, 1927 .. 90,584 10 0 Losses in suspense .. .. .. .. 4,272 17 10 Interest on mortgages —Overdue .. .. 9,830 3 3 1,199,597 12 1 Cash in hand and in bant at 31st March, 1927 .. 4,964 12 0 Less expenditure irrecoverable £ s. d. to 31st March, 1926 ..819,275 12 5 Management expenses for year ended 31st March, 1927 .. 5,000 110 — 824,275 14 3 375,321 17 10 Treasury— Interest .. .. .. 819 12 11 Principal .. .. .. 4,056 1 0 4,875 13 11 Sundry creditors .. .. ■. 33 7 0 Suspense Account .. . . .. 86 16 1 Writings off Suspense .. .. 4,272 17 10 Interest on advances from War Expenses Account —Overdue .. .. 9,830 3 3 £394,420 15 11 £394,420 15 11 Interest Account por the Year ended 31st March, 1927. £ s. d. Gr. £ s. d. £ s. d. To Interest paid to Treasury .. .. .. 4,140 15 5 By Interest on bills of sale.. .. 4,256 17 1 Interest due to Treasury — Overdue at 31st Interest on bills of sale—Overdue March, 1927 .. .. .. •• 9,830 3 3 at 31st March, 1927 .. 9,830 3 3 13,970 18 8 14,087 0 4 Less interest due to Treasury—Overdue at Less overdue at 31st March, 1926 10,535 1 0 31st March, 1926 .. 10,535 1 0 — 3,551 19 4 Ij ss realizations —Interest .. 166 I 8 3,385 17 8 Interest on bank balances .. . . 50 0 0 £3,435 17 8 £3,435 17 8 Management Expenses Account for the Year ended 31st March, 1927. D r £ s. d. Gr. £ s. d. To Audit Office services .. ■ ■ ■ • 175 0 0 By Balance recouped in accordance witn section Cleaning and messenger services .. .. 65 0 0 13 (3), of the State Advances Amendment Cartage .. .. •• •• •• 06 6 Act, 1922 .. ... .. .. 5,000 110 Commission ........ 26 3 7 Inspection fee .. • • • • • • 110 Postages and telegrams .. ■ • ■ • 349 15 11 Post Office services • • • • • • 450 0 0 Printing and stationery .. ■ • • • 300 0 0 Rent .. • ■ • ■ ■ • • • 250 0 0 Salaries .. ■ ■ ■ • • • . . 3, 200 0 0 Solicitor's costs .. •• •• •• (q in Training subsidy .. •• o io i? Petty expenses .. • ■ • ■ ■ • 218 11 £5,000 1 10 £5,000 1 10 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. 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.—J. H. Fowler, Deputy Controller and Auditor-General.

17— B. 1 [PT. IY, Sup.] .

129

B. —1 [PT. IV, SUP.].

NEW ZEALAND STATE COAL-MINES. Colliery Working Accounts for the Year ended 31st March, 1927.

Colliery Profit and Loss Accounts for the Year ended 31st March, 1927.

Plant, Buildings, etc., on Hire Revenue Account for the Year ended 31st March, 1927.

130

Dr. Liverpool. James. | Cr. i Liverpool. James. £ s. d. £ s. d. £ s. d. £ s. d. To Stocks on hand, 1st April, 1926] 4,814 0 9 664 9 2 By sales of coa! .. .. 196,710 16 4 43,287 0 11 Coal-winning — j Sales of stores, power, &c. 8,298 18 4 Wages .. .. j 77,911 0 0 20,378 0 0 Stocks of coal on hand at Stores and materials vised | 7,855 0 0 970 11 2 31st March, 1927, at mine, Railway tickets .. j 765 5 4 .. . wharf, and afloat .. 5,280 10 6 1,083 I 2 Subsidized bus fares, &c. i .. 263 13 0 Stores sales (at cost) .. 7,268 3 3 Special trains .. .. 745 18 9 Coal purchased .. 176 2 0 194 11 1 Special rate .. .. 1,018 14 9 ! 182 19 0 J Royalty .. .. .. J 365 18 0 100,554 4 10 23,020 1 5 | j Gross profit—To Profit and Loss Account .. .. 109,736 0 4 21,350 0 8 ! i £210,290 5 2 £44,370 2 1 j £210,290 5 2 £44,370 2 1

Dr. Liverpool. Jambs. j Or. Livebpool. James. £ s. d. £ s. d. ] £ s. d. £ s. d. To Salaries .. .. 3,159 12 1 637 2 6 By Gross profit at mine .. 109,736 0 4 21,350 0 8 Rent .. .. .. .. 16 6 10 j Rents .. .. .. 579 4 7 Interest .. .. .. 4,530 1 8 1,550 12 10 ! Royalty on timber .. .. 11 13 6 Travelling-expenses .. 211 4 0 23 13 6 Net loss—Transferred to Printing and stationery .. 266 18 1 65 3 5 General Profit and Loss Repairs and maintenance .. 6,190 18 4 385 3 9 j Account .. .. .. 305 9 8 Telegrams and postages .. 170 5 5 34 19 9 Railwav haulage . . . . 14,624 4 9 2,601 16 8 Insurance .. .. 3,359 12 8 799 12 3 Coal-miners' Relief Fund .. 297 8 11 60 16 7 General expenses .. .. 649 0 8 84 19 7 Marine freight .. .. 44,539 4 10 12,345 19 8 ; Audit fees .. .. 61 15 4 13 4 8 I Wharfage .. .. 3,056 4 3 548 17 0 Superannuation Fund subsidy 80 3 0 19 18 4 Stores adjustment and losses 187 6 1 Depreciation—-Mine buildings, plant, and machinery .. 9,971 19 8 2,478 16 6 j 91,355 19 9 Net profit—Transferred to General Profit and Loss Account .. .. 18,959 5 2 £110,315 4 11 £21,667 3 10 £110,315 4 11 £21,667 3 10

Dr. £ s. d. Gr. £ s. & To Interest .. .. .. .. 164 1811 By Hire of plant, buildings, &c. .. .. 528 5 6 Depreciation .. .. .. 349 14 6 514 13 5 Net revenue—Transferred to General Profit and Loss Account .. .. 13 12 1 £528 5 6 £528 5 6

B.—l [Pt. IV, Bup.l .

Depot Profit and Loss Accounts for the Year ended 31st March, 1927.

NEW ZEALAND STATE COAL-MINES— continued. Depot Trading Accounts for the Year ended 31st March, 1927.

131

Dr, | Wellington. | Chkistohtjbch. : Wangantti. j Cr. j Wellington, j Ghmstchukch. Wanganui. _ _ . . _ £ s. d. £ s. d. I £ s. d. j £ s. d. £ s. d. £ s. d. To Stocks on hand, 1st April, 1926 .. , 2,937 13 11 4,032 16 2 874 12 10 By Sales of coal .. .. .. 107,189 0 2 71,891 2 4 42,758 7 8 Purchases of coal .. .. .. 95,961 11 2 40,551 11 3 40,337 12 3 Sales of coke, wood, &c. .. 4,577 6 2 1,240 16 5 780 12 5 Purchases of firewood, coke, &c. .. 4,063 19 4 1,187 16 3 437 10 9 Stocks on hand at 31st March, 1927 — Wharfage .. .. .. 991 3 0 .. .. Coal .. .. .. 1,876 4 2 5,802 7 3 328 18 11 Haulage to depot .. .. .. 819 4 11 27,131 4 1 262 111 Firewood, coke, &e. .. .. 471 6 0 753 15 9 281 12 4 Wages —Discharging .. .. 195 9 0 255 7 4 32 18 11 104,969 1 4 73,158 15 1 41,944 16 8 j Gross profit — r J'< > Profit and Loss j 9,144 15 2 6,529 6 8 j 2,204 14 8 j Account ! 1 ! — j £114,113 16 6 £79,688 1 9 j £44,149 11 4 ; j £114,113 16 6 £79,688 1 9 £44,149 11 4

Dr. \ Wellington, j Christchukch. Wanganui. j| Gr. Wellington. Chkistchuroh. Wanganui. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. ToWages .. .. .. .. 1,515 5 6 j 1,163 2 7 ' 400 7 1 By Gross profit from Trading Account i 9,144 15 2 j 6,529 6 8 2,204 14 8 Salaries .. .. .. .. j 1,467 10 7 932 7 4 ; 464 2 2 Net loss —To General Profit and Loss i 946 0 6 Rents .. .. . j 1,726 6 5 139 16 4 201 0 0 Account Interest .. .. .. .. 209 5 10 118 13 0 47 3 4 Travelling expenses and allowances .. j 54 2 9 47 6 0 32 10 1 Repairs and maintenance .. .. : 473 8 9 205 10 1 78 13 6 Postages and telegrams .. .. 72 11 8 j 50 7 5 40 14 0 Printing and stationery .. .. 118 8 10 76 12 6 28 17 10 Insurances .. .. .. 119 18 9 22 4 3 28 10 11 Cartage .. .. .. ! 3,192 9 1 ' 1,507 11 0 333 3 11 Sacks .. .. .. .. 151 0 7 ! 112 6 3 10 4 3 Freight? .. .. .. .. 95 8 3 28 5 0 18 7 3 General expenses .. .. .. 228 6 4 99 14 2 27 17 8 Audit fees .. .. .. j 46 11 6 29 0 6 30 12 0 Superannuation Fund subsidy ..I 22 19 19911 11103 Reserve for bad debts .. .. 50 0 0 90 0 0 0 12 0 Depreciation .. .. .. 547 19 1 335 11 4 147 4 8 4,977 17 8 1,901 10 11 Net profit —To General and Profit Loss .. 1,551 9 0 303 3 9 Account ! £10,090 15 8 | £6,529 6 8 £2,204 14 8 j £10,090 15 8 £6,529 6 8 £2,204 14 8

£.—1 [PT. IY, Sup.] .

NEW ZEALAND STATE COAL-MINES— continued. Statement of Colliery Property Accounts as at 31st March, 1927.

132

Liverpool. James. I MacDonald. | Totals. Development and Property Account — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ 2 s. d. Balance at 31st March 1926 .. .. .. .. .. .. 69,329 6 8 30,255 14 11 73,968 16 1 Additions during the year .. .. .. .. .. .. 1,925 12 6 2,383 5 7 3,009 13 7 71,254 19 2 32,639 0 6 76,978 9 8 Depreciation .. .. .. .. .. .. .. 5,225 5 0 1,632 3 8 66,029 14 2 | 31,006 16 10 76,978 9 8 174,015 0 8 Machinery, plant, ropes, and rolling-stock — Balance at 31st March, 1926 .. .. .. •• •• .. 34,147 0 2 10,828 7 11 Less transferred to plant, buildings, &c., on hire .. .. .. 546 13 7 3,842 7 5 33,600 6 7 6,986 0 6 Additions during the year .. .. .. .. .. .. 2,972 17 5 458 12 5 36,573 4 0 7,444 12 11 Depreciation .. .. .. .. .. .. .. 3,732 5 1 759 19 4 ! 32,840 18 11 6,684 13 7 Less provisionally written off .. .. .. .. .. 87 10 0 2 16 6 .. 32,753 8 11 j— 6,681 17 1 .. 39,435 6 0 Buildings at mine — Balance at 31st March, 1926 .. .. .. .. •• .. 3,937 13 6 ! 1,190 12 3 479 17 3 Less transferred to plant, buildings, &c., on hire .. .. .. 64 15 0 | 3,872 18 6 1,190 12 3 479 17 3 Additions during the year .. .. .. .. .. .. 738 17 5 91 8 0 4,611 15 11 ! 1,282 0 3 479 17 3 Depreciation .. .. .. .. .. .. .. 468 11 6 | 83 17 0 4,143 4 5 j 1,198 3 3 479 17 3 5,821 4 11 Cottages at mine — Balance at 31st March, 1926 .. .. .. .. .. .. 5,333 17 1 6 2 0 2,070 14 4 Additions during the year .. .. .. .. .. .. 125 4 0 i 5,459 11 i 6 2 0 2,070 14 4 Less sales and recoveries during the year .. .. .. .. 700 0 0 .. 54 12 2 4,759 1 1 6 2 0 2.016 2 2 Depreciation .. .. .. .. .. .. .. 545 18 1 .. i .. 4,213 3 0 | 6 2 0 — 2,016 2 2 6,235 7 2 Plantation at mine — Balance at 31st March, 1926 .. .. .. .. .. .. .. 1,389 1 11 .. .. j .. 910 5 5 2,299 7 4 Preliminary expenses .. .. .. .. .. .. .. .. .. .. 1,103 8 6- .. .. 1,103 8 6 Coal (stock on hand at mine, wharf, and afloat) .. .. .. .. 5,303 17 11 1,218 8 7 Less provisionally written off .. .. .. .. .. .. 23 7 5 135 7 5 | 5,280 10 6 | 1,083 1 2 ; .. 6,363 11 8 Stores (stock on hand) .. .. .. .. .. .. .. 6,986 10 2 .. '.. Less provisionally written off .. .. .. .. .. .. 214 11 3 .. .. 6,771 18 11 .. .. j 6,77118 11 £120,581 1 10 j £41.079 8 10 j £80,384 14 6 [ £242,045 5 2

B.—l [PT. IY, SUP.I .

NEW ZEALAND STATE COAL-MINES— continued. Statement of Depot Property Accounts.

133

Wellington. Chbistohxiech. Wanganct. | Totals. ; ~ i | I Depot Property Account — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. | £ s. d. Balance at 1st April, 1926 .. .. .. .. .. .. 3,658 12 1 3,533 18 1 1,312 18 8 Additions during the year .. .. .. .. .. .. 6,478 18 10 347 4 5 I 8 16 9 10,137 10 11 3,881 2 6 1,321 15 5 j Depreciation .. .. .. .. .. .. .. 485 14 4 ! 335 0 10 143 15 8 9,651 16 7 i 3,546 1 8 1.177 19 9 Less provisionally written ofi .. .. .. .. .. 62 4 9 ! 18 17 8 j 3 9 0 9,589 11 10 3,527 4 0 j 1,174 10 9 ! 14,291 6 J Stocks and stores on hand .. .. .. .. .. .. 2,668 16 0 7,623 19 4 712 12 8 Less provisionally written off .. .. .. .. .. 149 2 11 967 11 4 62 5 0 2,519 13 1 6,656 8 0 650 7 8 9,826 8 9 £12,109 4 11 £10,183 12 0 £1,824 18 5 £24,117 15 4

B. —1 [PT. IY, SUP.] .

NEW ZEALAND STATE COAL-MlNES—continued. General Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d, Or. £ s. d. £ s. d. To Net loss— By Net profit—• James Colliery.. .. 305 9 8 Liverpool Colliery .. 18,959 5 2 Wellington Depot .. 946 0 6 Christchurch Depot .. 1,551 9 0 —• 1,251 10 2 Wanganui Depot .. 303 3 9 Balance—Profit for year, carried down 22,669 7 8 Net recoveries— Seddonville Colliery .. 31 5 9 Point Elizabeth Colliery 1,369 0 0 Net revenue from hire of plant, buildings, &c... 13 12 1 -—22,227 15 9 Interest on investments .. .. 1,693 2 2 £23,920 17 11 £23,920 17 11 £ s. d. £ s. d. To Sinking Fund Account for redemption By Balance—Profit for year 1926-27 .. 22,669 7 9 of loan capital .. .. .. 4,552 0 5 Balance—Net profit for year 18,117 7 4 £22,669 7 9 £22,669 7 9 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. Loan under Coal-mines Act, 1908 150,000 0 0 Collieries —• Loan under Coal-mines Act, 1908, Development and Property Acand Appropriation Act, 1912 .. 25,000 0 0 counts .. .. .. 174,015 0 8 New Zealand Consolidated In- Machinery, plant, ropes, and scribed Stock .. .. 52,601 0 7 rolling-stock .. .. 39,435 6 0 227,601 0 7 Buildings at mines .. .. 5,821 411 Accrued interest on loan capital .. .. 3,811 13 11 Cottages at mines .. .. 6,235 7 2 Reserves — Plantations at mines .. 2,299 7 4 General Reserve .. .. 63,854 15 5 Preliminary expenses (James Bad Debts Reserve . . .. 599 8 4 Colliery) .. .. .. 1,103 8 6 Accident Insurance Reserve .. 2,994 5 10 Coal stocks (bins, wharf, and 67,448 9 7 afloat) .. .. .. 6,363 11 8 Sundry creditors — Stores on hand .. .. 6,7711811 Liverpool Colliery .. .. 11,618 15 4 James Colliery .. .. 4,042 13 9 242,045 5 2 Wellington Depot .. .. 582 10 7 Plant, buildings, &c., on hire .. 4,104 I 6 Christchurch Depot .. .. 4,693 4 3 — 246,149 6 8 Wanganui Depot .. . . 239 8 8 Depots— 21,176 12 7 Property Accounts .. 14,291 6 7 Deposits on contracts .. .. .. 1,000 0 0 Stocks and stores on hand .. 9,826 8 9 Unclaimed wages, &c., in Suspense .. 3 18 6 24,117 15 4 Sinking Fund .. .. .. .. 55,105 610 Prospecting on State Coal Reserve .. 398 810 Genera] Profit and Loss Account— Housing advances to workmen .. 148 0 0 Net profit for vear .. .. .. 18,117 7 4 Interest accrued due .. 0 16 5 148 16 5 Investments (ordinary).. .. 24,300 0 0 Interest accrued due .. .. 276 11 6 24,576 11 6 Sundry debtors— 1 Liverpool Colliery .. .. 4,38918 4 James Colliery .. .. 306 14 1 Wellington Depot .. .. 7,411 12 10 Christchurch Depot .. .. 4,486 18 7 ; Wanganui Depot .. .. 16,626 1 6 33,221 5 4 Less provisionally written off 19 1! 33,202 4 3 Sinking Fund investments .. .. 55,105 6 10 Cash in hand and in Public Account .. 10,565 19 6 £394,264 9 4 j £394,264 9 4 State Coal-mines Office, Wellington, 18th August, 1927. G. Jas. Anderson, A. W. Gyles, A.1.A.N.Z., 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.—J. H. Fowler, Deputy Controller and Auditor-General.

134

B.—l [PT. TY, SUP.] .

STATE FIRE INSURANCE OFFICE. Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1926. £ s. d. £ s, d. Premiums after deduction of reinsurances 197,471 911 Bonus rebate to policyholders .. .. 24,496 19 7 Other receipts—lnterest, commission, and Losses by fire (after deduction of reinsurrent .. .. .. .. 36,074 5 9 ances) .. .. .. .. 79,062 16 10 Appropriated to reserve for unearned premiums (in addition to £70,665 17s. lOd. already reserved) ~ .. .. 8,322 14 2 Government taxes .. .. .. 15,073 1 3 Commission .. . . .. 9,923 1 9 Salaries .. .. .. .. 25,418 17 7 Contribution to Public Service Superannuation Fund .. . .. 546 11 3 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. 5,304 0 0 Expenses of management — £ s. d. Travelling-expenses .. 2,19.1 13 5 Printing, stationery, and advertising.. .. 2*021 16 6 Kent ... .. 2,033 1 0 Exchange .. .. 35 16 0 Postages, telegrams, cablegrams, and sundry charges .. 2,987 14 4 y 270 1 3 Office equipment .. .. .. 1,520 18 10 Office premises—Depreciation .. .. 3,368 15 1 182,307 17 7 Reinsurance Reserve Fund .. .. 5,000 0 0 Office premises—Written off .. .. 4,000 0 0 Bonus Rebate Reserve .. .. 1,500 0 0 Amount of fire-insurance funds at end of year .. .. ... .. 40,737 18 1 £233,545 15 8 £233,545 15 8 Balance-sheet of the State Fire Insurance Office on the 31st December, 1926. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Capital authorized by the Government war-loan securities .. 148,146 7 0 State Fire Insurance Other Government securities .. .. 88,550 0 0 Act, 1908 .. 100,000 0 0 Local authority securities .. .. 66,245 0 0 Less not raised .. 100,000 0 0 Fixed deposits and at short call .. 65,000 0 0 Nil. Land and buildings .. .. .. 222,076 7 3 Reserve Fund .. .. .. 448,895 15 4 . Outstanding premiums .. .. 8,657 3 7 Investments Fluctuation Reserve Fund.. 10,000 0 0 . Interest accrued but not clue .. .. 5,059 18 7 Reserve for unearned premiums .. 78,988 12 0 Rent accrued or due .. .. .. 316 16 2 Bonus Rebate Reserve .. .. 25,000 0 0 Sundry debtors .. .. .. 9 2 0 Reinsurance Reserve Fund .. .. 20,000 0 0 Cash in Bank of New ZeaPremiums and other deposits .. .. 961 8 6 land at Wellington, or in £ s. d. Outstanding fire losses .. .. 6,709 0 0 transit to Wellington 57,205 3 3 Government taxes .. .. .. 15,070 14 9 Imprest Account Sundry creditors .. .. .. 1,386 2 5 balances— £ s. d. Other amounts owing by the Office— Head Office 5 7 6 Reinsurance premiums £ s. d. Auckland .. 2 5 4 due .. .. 11,072 18 6 Hamilton .. 20 14 2 Commission .. .. 1,717 8 8 N.Plymouth 75 0 1 Rent .. .. 57 0 9 Palmerston N. 68 3 8 Printing, stationery, and Napier .. 513 3 advertising .. 34 010 Nelson .. 018 5 Postages and sundry Christchurch 56 0 9 charges .. .. 888 111 Timaru .. 619 3 -— — : 13,769 10 8 Dunedin ..079 Fire-insurance funds, as per Revenue Invercargill 11 13 9 Account .. .. .. 40,737 18 1 253 3 11 57,458 7 2 £661,519 1 9 £661,519 1 9 J. H. Jerram, General Manager. 11th April, 1927. C. B. Redward, 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. —G. F. C. Campbell, Controller and Auditor-General.

135

B.—l [PT. IV, Sup.].

STATE FIRE INSURANCE OFFlCE—continued. Revenue Account of the Accident Branch of the State Fire Insurance Office for the Year ended 31st December, 1926. £ s. d. £ s. d. Premiums after deduction of reinsurances 58,340 8 2 Free-year bonus on personal accident £ s. d. policies .. .. .. .. 149 6 3 Interest .. .. 10,198 10 1 Claims .. .. .. .. 33,854 7 2 Less land and income tax 1,068 13 7 Commission .. .. .. 6,113 13 0 __ 9,129 16 6 Salaries .. .. .. .. 7,235 0 0 Contribution to Public Service Superannuation Fund .. .. .. 165 0 0 Expenses of management .. .. 1,852 0 9 Further appropriation to reserve for unearned premiums .. .. 3,768 2 3 Amount of accident funds, 31st December, 14,332 15 3 1926 £67,470 4 8 £67,470 4 8 Balance-sheet of the Accident Branch op the State Fire Insurance Office on 31st December, 1926. Liabilities. £ s. d. i Assets. £ s. d. Accident funds, as per Revenue Account 14,332 15 3 Debentures issued under authority of the Claims admitted (proofs not yet com- I Finance Act, 1915 .. .. 10,000 0 0 pleted) .. .. .. .. 10,000 0 0 New Zealand inscribed stock—War loans 90,500 0 0 Government taxes .. .. .. 1,068 13 7 New Zealand inscribed stock .. .. 3,000 0 0 Commission .. .. .. 524 510 Local authority securities .. .. 78,503 5 6 Premium and other deposits .. .. 163 11 10 Mortgages on property .. .. 4,575 0 0 Sundry creditors .. . . .. 410 0 Fixed deposits and at short call .. 15,000 0 0 Officers' Fidelity Fund .. .. 500 0 0 Interest accrued but not due .. .. 2,890 17 3 Reserve for unearned premiums .. 26,253 3 8 j Agents'balances .. .. .. 212 311 Investment Fluctuation Reserve .. 3,000 0 0 j Sundry debtors .. .. .. 1,786 9 3 Reserve fund constituted under section 6 Cash in hand and on current account . . 11,328 9 1 of the Government Accident Insurance Amendment Act, 1924 .. .. 161,949 410 £217,796 5 0 j £217,796 5 0 J. H. Jerram, General Manager. 11th April, 1927. C. B. Redward, 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.—G. F. C. Campbell, Controller and Auditor-General. SWAMP LAND DRAINAGE ACCOUNT. Receipts and Payments Account por the Year ended 31st March, 1927. Receipts. £ s. d.. Payments. Balance as at Ist April, 1926 .. .. 12,502 6 0 Kaitaia Drainage District— £ s. d. £ s. d. Debentures raised under Swamp Land Drainage-works, &c. .. 8,529 10 4 Drainage Act, 1915. . .. .. 25,000 0 0 Loose tools, &c. .. 11 3 8 Temporary transfers from other accounts Fuel and stores .. 936 4 1 (Public Revenues Act, 1926, section 40) 15,000 0 0 Management and engineer- " Thirds" .. .. .. .. 15 11 8 ing expenses.. .. 1,028 13 8 Rents .. .. .. .. 260 10 2 10,505 11 9 Dredge-hire .. .. .. .. 639 0 0 Waihi Drainage District— Flax royalty.. .. .. .. 148 6 1 Drainage-works, &c. .. 3,554 12 0 Interest on mortgage .. .. .. 13 0 0 Loose tools, &c. .. 0 18 9 Interest on investments .. .. 268 8 9 Fuel and stores .. 671 -9 4 Management and engineering expenses.. .. 304 17 7 4,531 17 8 Hikurangi Drainage District— Drainage-works, &e. . . 15,579 0 0 Loose tools, &c. .. 61 10 0 Fuel and stores .. 6,376 0 2 Management and engineering expenses. . .. 1,135 18 0 23,152 8 2 Poukawa Drainage District— Drainage-works, &c. .. 265 12 3 Fuel and stores .. 119 7 Management and engineering expenses.. .. 115 12 11 392 14 9 Interest on debentures . . . . 10,000 0 0 Management charges on consolidated stock.. . . 7 12 8 Stamp duty on transfers, consolidated stock .. 14 2 0 21 14 8 Plant and machinery . . .. 854 15 3 Balance at end of year— Cash in Public Account . .. 4,388 0 5 £53,847 2 8 £53,847 2 8

136

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SWAMP LAND DRAINAGE ACCOUNT —continued. Balance-sheet as at 31st March, 1927. Assets. Liabilities. £ s. d. Kaitaia Drainage District— £ s. d. £ s. d. Debentures issued under Swamp Land Drainage-works .. 164,433 1.4 4 Drainage Act-, 1915.. .. .. 476,000 0 0 Interest Account (proporTemporary advances from other accounts tion chargeable to dissection 40, Public Revenues Act, 1926) 15,000 0 0 trict) .. .. 50,076 13 2 Consolidated Fund, for loans redeemed 214,510 7 6 under Public Debt Repayment Act, 1925 5,000 0 0 Waihi Drainage District— Public Works Fund—Land Improvements Drainage-works .. 79,349 18 2 vote .. .. .. .. 4,563 19 7 Interest Account (proporConsolidated Fund—Accumulated interest. tion chargeable to dison amounts expended out of Public trict) .. .. 23,319 12 9 Works Fund .. .. .. 2,332 15 2 102,669 10 11 Sundry creditors — Poukawa Drainage District — Interest on debentures accrued but not Drainage-works .. 3,495 15 11 due .. .. .. .. 7,532 17 7 Interest Account (proporInterest on debenture's due and unpaid 115 .17 10 tion chargeable to disMiscellaneous .. .. .. 3,47119 trict) .. .. 1,557 5 4 Consolidated Fund—lnterest on deben- 5,053 1 3 tures paid but not recouped from Hikurangi Drainage District— Swamp Land Drainage Account .. 19,313 910 Drainage-works .. 109,452 19 1 Rent paid in advance .. .. 0 8 0 Interest Account (proportion chargeable to district) .. .. 25,518 8 0 —134,971 7 1 Mangawai Drainage District— Drainage-works .. 1,877 15 9 Interest Account (proportion chargeable to district) .. .. 434 8 7 2,312 4 4 H arihari Drainage District — Drainage-works .. 4,354 15 1 Interest Account (proportion chargeable to district) .. .. 740 5 7 5,095 0 8 Buildings .. .. .. 2,592 17 1 Wharves .. .. .. 94 5 6 Plant and machinery .. .. 51,543 14 5 Loose tools .. .. .. 687 19 5 Live-stock .. .. .. 63 9 10 Fuel, &c. .. .. .. 3,240 1 11 Stores on hand .. .. .. 5,449 17 2 Sundry debtors— Advance on mortgage .. .. 260 0 0 < Interest on mortgage .. .. 3 5 0 Rent ' .. .. .. 18 12 Dredge-hire .. .. . . 346 10 0 Flax royalty .. .. .. 0 2 6 Miscellaneous.. .. .. 30 13 7 Balance at end of year—Cash in Public Account .. .. .. .. 4,388 0 5 £533,330 9 9 £533,330 9 9 W. Robertson, Assistant Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. 1 hereby certiiy that the 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.—J. H. Fowler, Deputy Controller and Auditor-General.

18 —B. 1 [PT. IV, SUP.

137

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TEACHERS' SUPERANNUATION FUND. Revenue Account foe the Year endjJd 31st January, 1927. £ s. d. £ s. d. £ s. d. To Balance, 31st January, 1926 .. .. 1,008,823 3 5 By Retiring and other allowContributions of members — £ s. d. anoes .. .. 167,090 11 4 Ordinary .. .. 126,107 12 7 Arrears— Arrears, under section 29, Under section 29, Finance Finance Act, 1925 — Act, 1925 .. .. 15,254 4 8 From contributors .. 14,387 4 6 Under section 30, Finance From annuitants .. 5,891 8 0 Act, 1926 .. .. 2,362 710 146,386 5 1 184,707 3 10 Contributions refunded— Additional contribution from Fiji Govern- On voluntary retirement 19,709 11 9 ment in respect to teachers in Fiji schools 213 15 3 On death of member .. 3,946 18 6 Contributions transferred from other funds 427 17 5 On lapse of membership 2,200 16 11 Government subsidy— £ s. d. 25,857 7 2 Under the Act .. .. 43,000 0 0 Contributions transferred to other funds .. 732 17 0 Additional grant .. 25,000 0 0 Reserve for bad and doubtful debts .. 3,100 0 0 Section 27, Finance Act, Administration expenses— £ s. d. 1925 .. .. 3,427 17 1 Commission, G.P.O. 386 17 0 71,427 17 1 Commission, Public Trustee 1,513 11 0 Interest — Clerical assistance .. . . 900 0 0 On investments .. .. 61,478 11 9 Postage and telegrams .. 71 6 9 On contributions in arrears Office expenses .. .. 86173 (1926-27) .. .. 1,414 11 3 Travelling-expenses of Board On back contributions under members .. .. 113 8 11 section 29, Finance Act, Medical fees .. .. 24 13 6 1925, for past period— Audit fees .. .. 50 0 0 From contributors .. 6,223 16 0 3,146 14 5 From annuitants .. 4,303 8 1 73,420 7 1 Balance, 31st January, 1927 .. .. 1,083,155 2 11 £1,300,699 5 4 £1,300,699 5 4 COST-OF-LIVING BONUS ACCOUNT FOR THE YEAR ENDED 31st JANUARY, 1927. £ s. d. £ s. d. To Refund from Consolidated Fund .. 1,891 8 4 By Balance due from Consolidated Fund, January, Balance due from Consolidated Fund, 31st Janu- 1926 .. .. .. .. .. 354 6 2 ary, 1927 .. .. .. .. 306 0 0 Payment of bonus . . .. .. .. 1,843 2 2 £2,197 8 4 £2,197 8 4 Balance-sheet as at 31st January, 1927. Liabilities. £ s. d. Assets. £ g. d. Fund as per Revenue Account .. .. 1,083,155 211 Amount held by Public Retiring and other allowances due and unpaid .. 2,296 2 0 Trustee— £ s. d. Refund of contributions due and unpaid .. 1,053 14 5 Invested .. . . 1,034,662 5 3 Administration expenses due and unpaid— Uninvested .. .. 44,262 8 2 Commission, Post and Telegraph £ s. d. .— 1,078,924 13 5 Department .. 12 6 6 Contributions of members— Clerical assistance .. .. 750 0 0 In transit .. .. 6,426 14 6 Postage and telegrams .. 63 0 0 Due and outstanding .. 13,311 17 6 Office expenses, printing, and 19,738 12 0 stationery .. .. 16 0 0 Interest 011 investments— Audit fee .. .. .. 41 13 4 Due and outstanding .. 3,446 18 4 882 19 10 Accrued, but not due . . 15,851 3 4 Reserve for commission payable to Public 19,298 1 8 Trustee in respect to interest due or accrued.. 482 9 0 Interest 011 arrears of contributions due and outUnclaimed contributions .. .. .. 2,345 17 9 standing (contributors') .. .. .. 1,662 13 0 Amounts overpaid or paid into fund in error .. 282 2 2 Consolidated Fund, on account of cost-of-living Reserve for loss on realization of bonus to annuitants .. .. .. 306 0 0 securities— £ s. d. Amounts paid in advanceBalance at 31st January, 1926 .. 3,700 0 0 Refund of contributions .. .. .. 37 18 4 Added, 1926-27 .. .. 3,100 0 0 Amounts overpaid— Refund of contributions .. .. .. 10 0 6,800 0 0 Due by annuitants under section 29 of Finance Less loss, 1926-27 (principal, Act, 1925 (contributions and interest) .. 1,217 6 3 £2,860 9s. lOd. ; interest, £922 6s. lOd.) .. ..3,782 16 8 3,017 3 4 Rent received from properties leased (in excess of interest yet due by mortgagor) . , . . 3.5 10 2 Carried forward ~ .. ..£1,093,551 1 7 Carried forward .. £1,121,186 4 8

138

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TEACHERS' SUPERANNUATION FUND—continued. BALANCE-SHEET AS AT 31ST JANUARY, 1927 —continued. Liabilities—continued. £ 3. d. Assets —continued. £ s. d. Brought forward .. .. .. 1,093,551 1 7 Brought forward .. . . 1,121,188 4 8 Government subsidy—Statutory grant paid in advance to 31st £ s. d. December, 1927 . . 39,416 13 4 Leas portion of additional subsidy (£25,000) voted for year to 31st March, 1927, not paid at 31st January, £20,833 6s. Bd.; additional subsidy under section 27 of Finance Act, 1925, not yet paid, £600 17s. 9d. .. 21,434 4 5 17,982 8 11 Vouchers issued but unpaid at 3lst January, 1927 .. .. 12,373 8 3 Less cash in hands of Post Office 2,720 14 1 9,652 14 2 £1,121,186 4 8 £1,121,186 4 8 Education Department, 0. E. Crawford, A.1.A.N.Z., Wellington, 30th April, 1927. Secretary, Teachers' 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. TREASURY DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. Income. £ s. d. To Administrative charges— £ s. d. By Inscribed stock fees .. .. .. 761 19 0 Salaries .. .. .. .. .. 24,411 0 11 Fees—Stock transferred, London to New ZeaOffice requisites, &c. .. .. .. 195 3 4 land .. .. .. .. .. 226 Allowances, overtime .. .. .. 212 19 5 Balance carried down .. .. .. 63,370 6 11 Postages, &c. .. .. .. .. 1,762 12 2 Printing and stationery .. .. .. 4,286 5 3 Telegrams beyond Dominion .. 1,598 5 3 Telephone subscriptions .. .. .. 207 1 8 Office expenses .. .. .. .. 12 16 10 Travelling-expenses .. .. .. 1,095 1.9 7 Annual rental value of premises (a) .. .. 2,276 0 0 £ s. d. Bank exchange .. .. 1,006 8 3 Less recoveries .. .. 389 0 1 617 8 2 Expenses Local Government Loans Board .. 53 19 0 Legal expenses .. .. .. .. 017 6 Refund unclaimed money .. .. .. 178 13 2 Interest coupon lost in transit .. .. 2 5 0 Government Life Insurance Office Work performed .. .. .. .. 52 1 8 Depreciation .. .. .. .. 325 14 7 Consolidated stock—Management charges .. 26,816 5 0 Losses irrecoverable .. .. .. 28 19 11 £64,134 8 5 £64,134 8 5 £ s. d. To Balance brought down .. .. .. 63,370 611 By Recoveries on account of expenditure of £ s. d. Interest on capital (A) .. .. .. 165 2 3 previous years .. .. .. .. 30 0 0 Excess of expenditure over income .. .. 63,505 9 2 £63,535 9 2 £63,535 9 2 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; (6) interest at 4|- per cent, on capital as at Ist April, 1926. Depreciation has been allowed for on balances of assets as at the Ist April, 1926, the total charge being carried to Depreciation Reserve. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. Capital as at Ist April, 1926 .. .. .. 3,669 3 0 Office furniture, fittings, and equip- £ s. d. £ s. d. Sundry creditors for outstanding expenses .. 1,452 5 5 ment .. .. 1,525 7 7 Depreciation Reserve .. .. .. 1,157 14 0 Less provisionally written off .. 615 11 Treasury Adjustment Account .. .. 61,136 3 1 1,518 11 8. Mechanical appliances .. .. 2 ,151 18 5 Less provisionally written off .. 22 4 0 2,129 14 5 Library .. .. .. .. .. 84 9 1 Sundry debtors .. .. .. . . 166 5 4 Stock of stamps .. .. . . .. 7 7 4 Expenses paid in advance .. .. .. 3 8 6 Excess of expenditure over income .. 63,505 9 2 £67,415 5 6 £67,415 5 6 2nd September, 1927. A. D. Park, F.1.A.N.Z., 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, F, C, Campbell, Controller and Auditor-Genera],

19— B. 1 [PT. IY, SUP.].

139

B —1 TPT. IV, Sup.] .

VALUATION DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1927. t Expenditure. £ s. d. Income. £ s. d. To Advertising, books, newspapers, and other publi- By Fees charged for valuers' reports . . . . 19,654 11 1 cations .. .. .. .. 110 5 8 Scale fees for State Advances reports .. 13,466 16 1 Assessment Court expenses .. .. .. 321 7 5 Fees charged for certified copies of existing roll Depreciation on office furniture and maps .. 1,207 7 9 values .. .. .. .. .. 1,916 12 0 Fees to valuers .. .. .. .. 11,927 17 9 Contributions from — Freight, cartage, and transport charges .. 4 10 0 Local bodies— Fuel, light, power, and water .. .. 12 2 5 Ordinary services .. .. .. 10,549 4 9 Law-costs .. . . .. .. 10 0 Special services .. . . 1,662 9 6 Loss on stores worn out or disposed of .. 53 17 6 j Land and Income Tax Department .. 8,947 3 5 Maps, tracings, and schedules of laud trans- State Advances Office (for agency work) .. 1,250 0 0 actions .. .. . . . . 255 5 7, Levying and collecting hospital rates in Sounds, Office expenses .. . . .. . . 336 2 5 Taupo, and Chatham Islands Counties, and in Overtime and meal allowances . . .. 17 3 0 Waiheke Island . . .. . . . . 197 19 8 Payment to Post and Telegraph Department .. 100 0 0 Balance (exclusive of interest) .. .. 2,843 4 7 Postages, telegrams, and rent of post-office boxes 611 10 7 Printing and stationery .. .. .. 1,198 2 1 Rent .. .. .. .. .. 2,502 1 8 Salaries .. .. .. .. .. 35,332 7 11 Telephone services.. . . .. . . 436 I*3 6 Transfer and removal expenses .. .. 91 18 4 Travelling-allowances and expenses .. .. 5,940 18 8 j Typewriter repairs.. . . .. .. 27 8 10 I £60,488 1 1 £60,488 1 1 £ s. d. £ s, d. To Balance brought down .. .. . . 2,843 4 7 By Balance, after charging interest . . 3,766 0 8 Interest . . .. .. .. .. 922 16 1 j £3,766 0 8 j £3,766 0 8 ===== I Note. —The accounts include charges against the Department for rent and interest for which the Department possesses no parliamentary appropriation. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. Capital Account .. .. .. .. 20,508 6 7 Office furniture, fittings, and re- £ s. d. £ s. d. Sundry creditors .. .. .. .. 1,977 2 3 quisites .. .. .. 2,323 5 4 State Advances—Scale fees prepaid .. .. 2,642 3 5 Less removals.. .. .. 55 18 4 Depreciation Reserve .. .. .. .. 3,406 4 10 Treasury Adjustment Account .. .. .. 12,517 14 4 2,267 7 0 Add additions.. .. .. 120 8 10 2,387 15 10 Written off in Suspense .. 34 17 6 2,352 18 4 Mechanical appliances .. .. 1,149 15 9 Less removals.. .. .. 59 10 0 1,090 5 9 Add additions.. .. .. 83 16 10 1,174 2 7 Written off in Suspense .. 15 5 0 1,158 17 7 Office maps .. .. .. 17,033 13 6 Add additions.. .. .. 1,021 2 3 18,054 15 9 Stationery .. .. .. .. 687 14 8 Sundry debtors— Local bodies .. .. .. 5,155 1 0 Land and Income Tax Department 8,947 3 5 Fees outstanding .. .. 847 18 10 Miscellaneous recoveries .. 170 4 0 15,120 7 3 Less Bad and Doubtful Debts Reserve .. . . .. 89 2 10 15,031 4 5 Excess of expenditure over income .. 3,766 0 8 £41,051 11 5 £41,051 11 5 29th June, 1927. Thos. Brook, Valuer-General. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental note. —G. K. C. Campbell, Controller and Auditor-General,

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WESTPORT HARBOUR ACCOUNT. Income and Expenditure Account fob the Yeas ended 31st March, 1927. Expenditure. ■ £ a. d. Income. £ s. d. To Dredging .. .. .. .. 16,039 13 4 By Special wharfage on coal .. .. .. 10,469 17 6 Harbour maintenance .. .. .. 3,964 15 9 Endowment revenue .. .. .. 20,120 10 8 Working-expenses of tug .. .. .. 1,082 6 3 Special coal rate .. .. .. .. 21,264 611 Office administration .. .. .. 1,627 18 5 Port dues .. .. .. .. 7,768 2 5 Endowments—Administration expenses .. 561 7 7 Sale of surplus stores .. .. .. 342 2 11 Audit fees .. .. .. .. 27 19 0 Interest on investments .. .. .. 2,889 18 6 Alteration to lighting system .. 243 6 7 Royalty on sand, &c. .. .. 18 4 0 Compensation for accidents .. .. 26 10 7 Rent .. .. .. .. .. 85 5 2 Retiring-allowances .. .. .. 268 15 0 I Miscellaneous receipts .. .. .. 18 5 9 Superannuation subsidy .. . . .. 126 18 1 Grant to School of Mines .. .. .. 25 0 0 Depreciation .. .. .. .. 3,015 010 Interest on loans .. .. .. .. 21,642 8 2 Harbour Maintenance Reserve .. .. 10,207 1 4 Balance carried down .. .. .. 4,117 12 11 £62,976 13 10 £62,976 13 10 £ s. d. £ a. d. To Transfer to Sinking Fund .. .. .. 4,117 12 11 By Balance brought down .. .. .. 4.117 12 11 ===== j ===== Balance-sheet as at 31st March, 1927. Liabilities. ' Assets. £ s. d. Loan capital— £ s. d. £ s. d. ! Eastern breakwater .. .. .. .. 202,142 0 0 Westport Harbour Board Act, ! Western breakwater .. .. .. .. 163,545 0 0 1884 .. .. .. 58 16 6 ! Training-walls .. .. .. .. 102,998 0 0 Westport Harbour Board Act, Limestone quarry . .. . . .. 128 0 0 1884, and Loan Acts, 1896, Protective works and relief channel .. .. 8,179 19 0 1897, and 1900 .. .. 294,117 12 11 Floating basin .. .. .. .. 73,575 0 0 Westport Harbour Board Loan Gridiron .. .. .. .. 2,196 0 0 Act, 1908 .. .. 117,647 1 2 Dredge Wharf .. .. .. .. 2,790 0 0 Finance Act, 1921, sec. 4 .. 106,884 16 1 Martin's Island .. .. .. .. 700 0 0 518,708 6 8 Harbour buildings .. .. .. .. 4,619 0 0 Reserve Account .. .. .. .. 97,119 17 8 Dredges, tug " Mana," &c. .. .. .. 25,383 7 0 Sinking Fund Reserve .. .. .. 119,442 19 9 Stock and stores .. .. .. .. 7,073 2 5 Depreciation Reserve .. .. .. 18,090 410 Sundry debtors — ~ £ s. d. Harbour Maintenance Reserve .. .. .. 15,837 9 4 Accrued interest .. .. 557 16 9 Sundry creditors — On open account .. .. 4,126 16 7 Payments in advance .. 477 4 5 4,684 13 4 Accrued interest .. .. 3,577 14 11 Sinking Fund investments .. .. .. 119,442 19 9 Consolidated Fund — For in- Temporary investments .. .. .. 66,000 0 0 terest, kc. .. .. 21,448 5 3 Cash— On open account .. .. 4,620 19 10 In Public Account .. 15,807 4 8 30,124 4 5 With High Commissioner, London 58 16 6 15,866 1 2 £799,323 2 8 £799,323 2 8 G. C. Godfrey, Secretary. J. E. Engel, A.R.A.N.Z., 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. The following comment is appended : An amount of £209 Bs. 6d. is included in the asset " Sinking Fund investments," representing an amount contributed to the Sinking Fund under the Public Debt Extinction Act, 1910. The loan for which the contribution was made has been repaid in full from the Westport Harbour Account, and, as there is no statutory authority enabling a recoupment to be made, the amount is not an asset of the account. — G. F. C. Campbell, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (585 copies,), £250.

Authority : W. A. G. Skinner, Government Printer, Wellington, —1927.

Price 2s. 6d.

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