Papers Past | Parliamentary Papers | Appendix to the Journals of the House of Representatives | 1928 Session I | BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF...

Image
Text
Research info
Title and Usage info

B.—l [Pt. IV, Supplementary] .

1928. NEW ZE A L AND.

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1927-28. AUDITED ACCOUNTS.

I—B. 1 [PT. IV, SUP.].

B.—l [PT. IV, Sup. |.

C O NTEN T 8. V PAGE PAG Audit Department .. .. .. .. 3 I Legislative Department .. .. .. 68 Bank of New Zealand Shares Account .. .. 3 ! Main Highways Account .. .. 67 Cheviot Estate Account .. .. .. 4 Marine Department .. .. .. .. 70 Cook Islands Department 5 National Provident Fund 72 Crown Law Office .. .. .. .. (> National Provident Fund and Friendly Societies Customs Department .. .. 7 , , - 0 Deteriorated Lands Account .. .. .. 8 ( par mm .. .. .. .. Discharged Soldiers Settlement Account .. 9 Native Department 75 Discharged Soldiers Settlement Loans Act 1920 Native Deparment District Maori Land Boards.. 77 Depreciation Fund Account .. .. 11 Native Trust Office .. .. .. 82 Electoral Department .. .. .. 11 Pensions Department ... .. .. 83 Electric Supply Account .. .. .. 12 Post and Telegraph Department .. .. 85 External Affairs Department .. .. 35 Prime Minister's Department .. .. 88 General Purposes Relief Account .. .. 36 Printing and Stationery Department .. .. 89 Government Fire Insurance Fund .. .. 37 | Prisons Department .. .. .. 91 Government Life Insurance Department .. 38 j Public Service Commissioner's Office .. .. 106 Government Stores Marine Insurance Fund .. 39 [ Public Service Superannuation Fund .. .. 107 Greymouth Harbour Board—Special Coal Rate.. 40 j Public Works Fund—EUesmere and Forsyth ReclaHauraki Plains Settlement Account .. 40 ! mation and Akaroa Railway Trust Account .. 108 Industries and Commerce Department .. 42 i Railways Superannuation Fund .. .. 109 Internal Affairs Department .. .. 43 Railways Department .. .. .. 114 Justice Department .. .. ..47 Rangitaiki Land Drainage Account .. .. 112 Kauri-gum Industry Account.. .. .. 49 Reserve Fund Account .. .. ..113 Labour Department 50 Scenic Reserves Account 123 Land Assurance lund .. .. .. 51 c , . ~c . , , . . , _. Lands and Deeds Department .. .. 51 Scientific and Industrial Research Department .. 124 Land for Settlements Account .. .. 52 Stamp Duties Department .. .. ..127 Land for Settlements Account (Discharged Soldiers State Advances Office Settlement Account) .. .. .. 54 Settlers Branch .. .. .. 128 Lands and Survey Department— Rural Advances Branch .. .. 129 Bluff Harbour Endowment Account .. 55 . Workers Branch .. .. .. ..130 Clutha River Trust Account .. .. 55 Local Authorities Branch .. .. .. 131 Geraldine County River District Account .. 56 Public Debt Sinking Funds Branch .. .. 132 Gore High School Endowment Account .. 56 Advances Office Sinking Fund Account .. 133 Greymouth Technical and Hokitika High Housing Account .. .. .. .. 134 Schools Account .. .. .. 57 Loans to Employers for Workers' Dwellings Hunter Soldiers' Assistance Trust Account 57 Account .. . . .. 135 Moumahaki Endowment Account .. .. 58 Fruit Preserving Industry Account .. .. 136 New Zealand University Endowment (Westland) Cold Storage Advances Account .. .. 137 Account .. .. .. 58 Fishing Industry Promotion Account .. 138 North Island Experimental Dairy School Repatriation .. .. .. .. 139 Account .. .. . . 59 State Coal-mines .. .. .. .. 140 Otago Boys' and Girls' High School Endowment State Fire Insurance Office .. .. .. 145 Account .. .. . . 59 State Fire Insurance Office—Accident Branch .. 146 Otago University Endowment Account .. 60 State Forests Account 147 Kotorua College and Grammar school Account ol c T 1 t\ • a in rr *.ri i j l • n 1 , A , Swamp Land Drainage Account .. ..151 Jaranalu Scholarship Endowment Account ol m i » « . • -*•» i Victoria College Endowment Account .. 62 Teachers Superannuation Fund .. .. 154 Wairoa Harbour Endowment Account .. 63 Treasury Department .. .. .. 155 Waipiata - Hamilton's Library Endowment Valuation Department .. .. ..156 Account .. .. .. 63 j Waihou and Ohinemuri Rivers Improvement Wanganui Harbour Pmdowment Account .. 64 ' Account .. .. .. . . . 157 Wanganui River Trust Account .. .. 65 j Westport Harbour Account .. .. . . 158 ACCOUNTS UNDER AUDIT. Agriculture Department. Mental Hospitals Department. Consolidated Fund Revenue under Section 12 of the Mines Department. Repayment of Public Debt Act, 1925. Mining Advances Account. Defence Department. National Endowment Account. Education Department. National Endowment Trust Account. Health Department. Native Land Settlement Account. Immigration Department. J 8 ™"? ocean Islands Account. Land and Income Tax Department. PoTe Department. Lands and Survey Department— Public Tnlgt office General Account. Public Works Department. Primary Education Endowments Deposit Account. Samoan Loan Sinking Fund. Secondary Education Endowments Deposit Account. Samoan Loan Suspense Account. Auckland Museum Endowment Account. Tourist Department.

B.—l [PT. IV, SUP.].

AUDIT DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 45,181 311 By Fees Account .. .. .. .. 26,322 17 8 Advertising .. .. .. ... 8350 Excess of expyiditure over income .. .. 28,083 611 Allowances, London .. .. .. 120 8 6 Law-costs .. .. .. .. 230 Office fittings .. .. .. .. 103 13 1 Postages .. .. .. .. 258 0 8 Rents .. .. .. .. .. 1,388 18 11 Telephones .. .. .. 171 3 1 Temporary assistance .. .. .. 1,108 3 4 Travelling-expenses .. .. .. 5,099 12 10 Depreciation .. .. .. .. 198 3 7 Printing and stationery .. .. .. 344 3 6 Transfer expenses .. .. .. 225 15 7 Overtime .. .. .. .. 101 9 7 £54,386 4 7 £54,386 4 7 £ s. d. £ s. d. To Balance .. .. .. .. 28,063 611 By Excess of expenditure over income .. .. 28,192 0 4 Interest on capital .. .. .. 128 13 5 £28,192 0 4 £28,192 0 4 Note.—Tlie 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, 1927. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. dCapital .. .. .. .. .. 2,852 13 8 Furniture and fittings .. .. .. 1,791 4 4 Treasury Adjustment Account .. .. 30,132 1 9 Books .. .. .. .. .. 841 19 4 Sundry creditors .. .. .. .. 364 14 8 Mechanical appliances .. .. .. 273 5 9 Fees paid in advance .. .. .. 18 19 0 Sundry debtors .. .. .. .. 3,182 18 5 Depreciation Reserve .. .. .. 1,092 8 7 Stamps .. .. .. .. .. 48 11 9 Stationery .. .. .. .. .. 130 17 9 Excess of expenditure over income .. .. 28,192 0 4 £34,460 17 8 £34,460 17 8 Note. —Furniture has been transferred to the Treasury Department without appropriation. 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 notes. —G. E. C. Campbell, Controller and Auditor-General. BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Interest on consolidated stock .. .. 32,500 0 0 By Dividends received and declared for the year.. 238,281 410 Management charges on consolidated stock .. 262 10 0 Balance .. .. .. .. 205,518 14 10 £238,281 4 10 £238,281 4 10 Balance-sheet as at 31st March, 1928. 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 3£ 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 0 234,375 long-term mort--875,000 0 0 gage C shares £ s. d. Bank of New Zealand (nominal value) 234,375 0 0 Shares Account — Less instalment not yet due 58,593 15 0 Investment Account .. 925,781 5 0 —-—-—— 175,781 5 0 1,800,781 5 0 Dividends declared but not paid .. .. 143,977 17 3 Capital reserve .. .. .. .. 250,000 0 0 Treasury Adjustment Account .. .. 68,191 11 4 Accrued interest on consolidated stock .. 6,650 13 9 Balance of Income and Expenditure Account .. 205,518 14 10 £2,262,950 13 7 £2,262,950 13 7 Accumulated profits to 31st March, 1928, £1,607,761 15s. 3d., credited to Consolidated Fund. 13th August, 1928. . 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.

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

CHEVIOT ESTATE ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. Payments. £ s. d. To Balance at Ist April, 1927— £ s. d. £ s. d. By Administration expenses .. .. .. 881 7 9 Cash in Public Account .. 12,878 7 6 Interest on inscribed stock.. .. .. 5,632 2 6 Investment Account .. 159,780 0 0 Management charges of inscribed stock .. 94 19 0 172,658 7 6 Balance at 31st March, 1928 — £ s. d. Rents from leases (less refunds) .. .. 17,488 12 3 Cash in Public Account .. 709 12 6 Sales of lands .. .. .. .. 120 0 0 Investment Account .. 190,680 0 0 Interest on securities held by Investment 191,389 12 6 Account .. .. .. .. 7,677 12 4 Public Revenues Act, 1926, section 40 —Interest received on temporary transfers to other accounts .. .. .. 53 9 8 £197,998 1 9 £197,998 1 9 Revenue Account foe the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 881 7 9 By Accrued rent .. .. .. .. 19,256 13 3 Capital reductions in land-values consequent Interest on investments .. .. .. 7,71636 upon determinations of Dominion Revalua- Interest on temporary transfers to other tion Board under Discharged Soldiers accounts .. . . .. .. 53 9 8 Settlement Amendment Act, 1923.. .. 1,110 0 0 Interest allowed on sinking fund contributions 102 17 1 Interest on inscribed stock.. .. .. 5,632 2 5 Irrecoverable rents .. .. .. 162 1810 Management charges on inscribed stock .. 94 19 0 Rebate .. .. .. .. .. 1,877 10 7 Rents written off consequent upon determinations of Dominion Revaluation Board under Discharged Soldiers Settlement Amendment Act, 1923.. .. .. .. 153 0 0 Balance carried down .. .. .. 17,217 411 — £27,129 3 6 £27,129 3 6 = £ s. d. £ s. d. By Balance brought down .. .. .. 17,217 411 To Balance carried forward .. .. .. 292,535 13 4 Balance from previous year .. .. 274,977 5 I Interest allowed on sinking fund contributions to 31st March, 1927 .. .. .. 341 3 4 £292,535 13 4 £292,535 13 4 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. New Zealand consolidated stock .. .. 160,918 0 0 Land— £ s. d. £ s. d. Sundry creditors, for rents paid in advance .. 16 0 Leased .. .. .. 389,597 18 11 Interest on consolidated stock (accrued but not due) 1,373 6 3 Unleased .. .. .. 385 0 0 Rents charged in advance .. .. .. 6,479 10 10 389,982 18 11 Reserve account .. .. .. .. 128,133 10 10 Sundry debtors, for rents .. .. 1,267 15 7 Writings off in Suspense .. .. .. 162 18 10 Sundry debtors, for interest on investments .. 164 19 3 Revenue Account .. .. .. .. 292,535 13 4 Postponed rent .. .. .. .. 1,257 8 4 interest accrued but not due on investments .. 2,704 8 3 Outstanding Rents Suspense .. .. .. 162 1810 Investments in Public Debt Redemption Fund .. 2,674 4 5 £ s. d. Cash in Public Account .. 709 12 6 Investment Account .. .. 190,680 0 0 191,389 12 6 £589,604 6 1 £589,604 6 1 J. B. Thompson, Under-Secretary for Lands. 15th May, 1928. 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 : Interest on the amount held in the Public Debt Redemption Fund has been compounded, whereas there is no statutory provision therefor.—J. H. Fowler, DeputyController and Auditor-General.

8.-l (PT. IV, SUP.J.

COOK ISLANDS DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 13,278 17 1 By Balance carried down .. .. .. 24,321 7 1 Advertising, &c. .. .. .. .. 8 17 Cook and other islands administration expenses 606 6 4 Cook Island lepers, maintenance .. .. 1,963 7 11 Erection of accommodation at Fiji for Cook Island lepers (sundry expenses) .. .. 33 1 0 Freight, &c. .. .. .. .. 3 5 4 Fuel, light, water, &o. .. .. .. 49 0 0 Grants — Bureau of Tropical Diseases .. .. 50 0 0 Education — Niue .. .. .. .. 500 0 0 Northern Cook Islands .. .. 500 0 0 Hospital repairs, Niue .. .. .. 1,000 0 0 House for Director of Agriculture, Rarotonga 500 0 0 Lepers, removal of, from Cook Islands .. 1,194 0 5 Medical services, Niue .. .. .. 250 0 0 Motor-trucks, Niue .. .. .. 300 0 0 To officer on retirement .. .. 400 0 0 Motor-vessel for island services (miscellaneous expenses) .. .. .. .. 1,003 13 2 Postages, &c. .. .. .. .. 194 II 8 Printing and stationery .. .. .. 19 5 9 Repairs to Suva wharf .. .. .. 45 17 7 School Journal, Cook Islands, cost of printing 52 13 2 Telephones, &c. .. .. .. .. 82 5 10 Travelling allowances and expenses .. 170 13 6 Tropical allowances .. .. .. 1,995 12 6 Sundry expenses .. .. ■. ■ ■ 16 0 Rent .. .. .. .. .. 80 0 0 Depreciation .. .. .. .. 4 5 7 Reserve for losses .. .. .. 35 2 8 £24,321 7 1 £24,321 7 1 £ s. d. £ s . d. To balance brought down .. .. .. 24,321 7 1 By Balance carried down .. .. .. 32,933 19 9 Balance " Hinemoa " Revenue Account .. 8,612 12 8 £32,933 19 9 £32,933 19 9 £ s. d. £ s. d. To Balance brought down .. .. .. 32,933 19 9 By Excess of expenditure over income .. 33,362 0 3 Interest on capital .. .. .. 428 0 6 £33,362 0 3 £33,362 0 3 Note. —The following charges are included for which the Department possesses no parliamentary appropriation: (a) Rental value as assessed by the Public Works Department; (6) interest at 4J per cent, on capital as at Ist April, 1927. N.Z.G.S. " Hinemoa " : Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s . d. To Salaries and wages .. .. .. 6,202 11 10 By Freight, passage-money, and miscellaneous Overtime .. .. .. 1,420 5 5 receipts .. .. .. .. 13,883 310 Refitting and repairs .. .. .. 672 1 7 Excess of expenditure over income .. 8,612 12 8 Stores — Victualling .. .. .. 1,999 7 9 Cabin .. .. .. .. 440 10 0 Deck .. .. .. .. .. 522 12 11 Engineer .. .. . • • • 446 19 9 Coal .. .. .. .. .. 7,910 15 9 Water .. .. .. . ■ ■. 59 6 0 Medical expenses .. .. . • 332 3 0 Port charges .. .. .. .. 7 3 8 Miscellaneous .. .. .. .. 2,215 5 6 Depreciation on steamer .. .. .. 266 13 4 £22,495 16 6 £22,495 16 6 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. •• 9,511 15 5 Advance to Cook Islands Administration .. 2,000 0 0 Sundry creditors .. .. .. .. 5,297 611 £ s. d. Depreciation Reserve .. .. .. 765 14 0 N.Z.G.S. "Hinemoa" .. .. 5,333 611 Reserve for assets in Suspense .. .. 35 2 8 Additions .. .. .. 7 7 0 Treasury Adjustment Account .. .. 53,359 11 2 5,340 13 11 Office fittings .. .. .. 52 1 6 Additions .. .. .. 7 15 0 59 16 6 Stores on hand .. .. .. .. 2,142 1 7 Leper accommodation at Fiji .. .. 2,11005 New motor-vessel (part payment) .. .. 20,016 10 0 Assets in Suspense .. .. .. 35 2 8 Advances to other Governments' Accounts (Balances) — Cook Islands Administration .. .. 3,410 4 0 Niue Administration .. .. .. 493 0 10 Excess of expenditure over income .. .. 33,362 0 3 £68,969 10 2 £68,969 10 2 4th July, 1928. S. J. Smith, Secretary. I hereby certify that the 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.

B. i [FT. IV, SUP.].

CROWN LAW OFFICE. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .-. .. .. 5,515 17 1 By Law-costs .. .. .. .. 626 12 6 Annual certificates .. .. .. 26 5 C Balance carried down .. .. .. 5,702 8 3 Office fittings, repairs, and requisites .. 27 10 5 Postages .. .. .. .. 20 5 0 Printing and stationery .. .. .. 140 14 9 Purchase of Law Reports, &c. .. .. 46 7 7 Telephone subscriptions .. .. .. 78 10 0 Sundry expenses .. .. .. .. 48 7 4 Bent (a) .. .. .. .. 252 0 0 Depreciation Reserve .. .. .. 173 3 7 £6,329 0 9 £6,329 0 9 £ s. d. £ s. d. To Balance brought down .. .. .. 5,702 8 3 By Recoveries on account of expenditure of Interest on capital (ft) .. .. .. 146 7 7 previous years .. .. .. .. 7 4 0 Excess of expenditure over income .. .. 5,841 11 10 £5,848 15 10 £5,848 15 10 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 3,252 18 8 Office furniture .. .. .. .. 327 14 5 Sundry creditors .. .. .. .. 1270 Mechanical appliances .. .. .. 57 15 0 Depreciation Reserve .. .. .. 1,322 11 0 Library .. .. .. .. .. 2,937 13 3 Treasury Adjustment Account .. .. 4,619 17 3 Expenses paid in advance .. .. .. 42 19 5 Excess of expenditure over income .. .. 5,841 11 10 £9,207 13 11 £9,207 13 11 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 4 A per cent, on capital as at Ist April, 1927. Arthur Fair, Solicitor-General. T hereby certify that the Income and Expenditure Account and Balance-sheet liave been duly examined and compared with the relative-books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental note.—G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, SUP.].

CUSTOMS DEPARTMENT. Revenue Account fob the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Cr. £ s. d. To Administrative charges— By Customs and excise duties .. .. 7,904,317 18 3 Salaries .. .. .. 88,015 1 8 Beer duty .. .. .. .. 609,400 310 Pay of non-permanents .. 1,229 13 11 Customs agents'license fees .. .. 364 15 0 Allowances, overtime, and Warehouse license fees .. .. .. 7,533 2 0 rewards .. .. 2,881 12 3 Customs fines .. .. .. 86 10 0 Expenses of official repre- Brewery supervision fees .. .. 1,099 0 8 sentative, London .. 468 8 4 Hop-beer license fees .. .. .. 11l 15 0 Expenses of official repre- Distillation Act license fees .. .. 155 10 0 sentative, New York .. 1,386 4 6 Tobacco Act license fees .. .. 300 5 0 Payments to other Depart- Timber Export Act duty .. .. 128 6 2 ments .. .. 6,093 5 4 Territorial revenue .. .. .. 15 0 Postage and telegrams and Immigration Restriction Act—Chinese pollrent of boxes .. .. 955 7 2 tax .. .. .. .. 200 0 0 Printing and stationery .. 1,710 17 1 Sale and disposal of seizures .. .. 17 19 1 Telephone services .. 722 4 5 Transfer and removal expenses .. .. 412 8 10 Travelling allowances and expenses .. .. 883 2 0 Rent .. .. .. 4,716 2 4 Maintenance and repairs .. 69 9 5 Miscellaneous expenses .. 3,671 10 4 113,215 7 7 Grants to— Cook and Niue Islands Governments .. .. 2,725 13 6 Main Highways Account .. 50,968 0 0 53,693 13 6 Depreciation .. .. .. 987 18 5 Balance carried down .. .. 8,355,819 10 6 £8,523,716 10 0 £8,523,716 10 0 £ s. d. £ s. d. To Interest on capital .. .. .. 1,354 7 0 By Balance brought down .. .. 8,355,819 10 6 Excess of revenue over expenditure .. .. .. .8,354,465 3' 6 £8,355,819 10 6 £8,355,819 10 6 Note. —Percentage cost of collection, including depreciation and interest on capital, 1-355 - £1 7s. Id. Balance-sheet as at 31st March, 1928. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Capital funds .. .. .. 30,593 8 5 Office furniture and fittings .. 7,455 010 Sundry creditors — Additions during the year .. 128 4 9 Outstanding expenses .. 1,961 9 5 7,583 5 7 Fees received in advance .. 7,787 211 Mechanical office appliances .. 927 16 10 9,748 12 4 Additions during the year .. 104 14 0 Deposits Accounts — — 1,032 10 10 Customs duties .. .. 86,133 8 3 Buildings .. ~ .. .. 13,358 10 9 Immigration Restriction Acts 5,290 0 0 Reserves .. .. .. .. 8,852 0 0 91,423 8 3 Stock on hand at Government Depreciation Fund .. .. s. 5,462 8 6 Stationery Office— Excess of revenue over expendi- Uniform trimmings .. 34 10 4 ture .. .. .. .. 8,354,465 3 6 Testing and guaging instru ments .. .. .. 929 7 4 Customs forms .. .. 638 0 0 1,601 17 8 Suspense Account — Property irrecoverable .. .. .. 3 10 0 Sundry debtors- — Government Departments .. 7,367 6 2 Other .. .. .. 71 7 7 7,438 13 9 Deposits Accounts — Receiver-General .. .. 73,740 0 0 Collectors of Customs .. 12,393 8 3 86,133 8 3 Treasury Adjustment Account .. .. 8,365,689 4 2 £8,491,693 1 0 £8,491,693 1 0 Note. —The Revenue Account includes charges for rent, interest, and maintenance of buildings for which the Department possesses no parliamentary appropriation, and also charges for services rendered to other Departments for which those Departments possess no parliamentary appropriation. 24th May, 1928. Geo. Craig, Comptroller of Customs. • I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

B.—l PT. IV, Sup.].

DETERIORATED LANDS ACCOUNT. Receipts and Payments Account fob Period ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. d. To Balance in Public Account at Ist April, 1927 4,721 14 0 By Expenditure under section 12 (4) (d), DeterioCredits in reduction of expenditure under sec- rated Lands Act, 1925 .. .. .. 5,856 19 7 tion 12 (4) (d), Deteriorated Lands Act, 1925 10,401 0 0 Advances under section 11, Deteriorated Lands Repayment of advances .. .. .. 36 13 11 Act, 1925 .. .. .. .. 3,968 13 < Interest, on advances .. .. .. 16 19 2 Public Revenues Act, 1926, section 40— Interest on investments .. .. .. 141 13 6 Interest paid on temporary transfers from Public Revenues Act, 1926, section 40 —Tempo- other accounts .. .. . • •• 78 18 2 rary transfers from other accounts .. 8,000 0 0 Temporary transfers from other accounts Debentures issued .. .. .. 10,000 0 0 repaid .. .. .. .. 8,000 0 0 Balance—Cash in Public Account .. .. 15,413 910 £33,318 0 7 £33,318 0 7 Revenue Account for Period ended 31st March, 1928. Dr. £ s. d. Gr. £ s. d. To Interest on temporary transfers .. .. 78 18 2 By Accrued interest .. .. .. .. 143 5 0 Interest on loans .. .. .. 545 19 5 Interest on investments .. .. 141 13 6 Balance carried forward .. .. .. 339 19 1 £624 17 7 £624 17 7 £ s. d. £ s. d. To Balance brought forward from previous year .. 7,745 0 0 By Adjustment on account of previous year .. 7,447 9 3 Balance brought down .. .. .. 339 19 1 Balance carried forward .. .. .. 637 910 £8,084 19 1 £8,084 19 1 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Loan Account .. .. .. .. 22,000 0 0 Advances on mortgages—Advances under section Sundry creditors for— £ s. d. 11 of the Deteriorated Lands Act, 1925 .. 4,071 1 0 Interest accrued on loans .. 304 0 0 Sundry debtors for— £ s. d. Consolidated Fund, for interest paid Interest on advances .. .. 127 3 4 on debentures .. .. 540 7 8 Administration expenses—Amount Miscellaneous .. .. 33 16 6 to be recouped from Consoli878 4 2 dated Fund.. .. .. 2,487 14 1 Miscellaneous .. .. .. 141 6 1 — 2,756 3 6 Revenue Account—Balance .. .. .. 637 9 10 Cash in Public Account .. .. ...15,413 9 10 £22,878 4 2 £22,878 4 2 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the statements 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.

B.—l [PT. IV, Sup.].

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. Revenue Account foe the Year ended 31st March, 1928. Dr. £ s. d. Or. To Interest on debentures .. .. .. 326,051 010 By Interest on advances — £ s. d. £ s. d. Interest on advances from Consolidated Fund 540,000 0 0 Current Account .. 135,875 18 9 Stamp duty on transfers of consolidated stock 85 18 5 Section 2, Farms Account 319,306 0 11 Management charges on consolidated stock .. 157 19 3 Seotion 2, Dwellings AcAudit fees .. .. .. .. 500 0 0 count .. .. 321,404 10 4 Management expenses .. .. .. 39,876 4 0 Miscellaneous .. .. 59 311 Printing and stationery .. .. .. 296 9 2 — 776,645 13 11 Incidental expenses in connection with pro- Interest accrued under section 20 (3), Disperties acquired by the Crown .. .. 3,384 7 5 charged Soldiers Settlement Amendment Remissions of interest and rent .. .. 7,308 2 3 Act, 1923 .. .. .. .. 1,892 5 4 Rebates of interest and rent .. .. 42,892 8 2 Interest on value of buildings loaded on Valuation expenses .. .. .. 122 1 1 leases .. .. .. .. 946 4 8 Travelling-expenses of Inspectors of Secu- Interest on surplus funds temporarily invested 33,013 14 6 rities, &c. .. .. .. .. 363 19 9 Interest on transfers under the Public Commissions on sales of properties, &c. .. 457 0 3 Revenues Act, 1926 .. .. .. 5,635 8 2 Depreciation Reserve —Plant, &c. .. .. 793 11 10 Interest on amount invested in Public Debt Interest written off—Postponements under Redemption Account .. .. .. 1,618 14 1 section 16, Discharged Soldiers Settlement Interest on purchase price of stock on MataiAmendment Act, 1921-22 .. .. 281 16 6 kona Settlement .. .. .. 670 15 1 Losses on realization of securities—Writings- Rents from properties bought in by Crown .. 26,594 17 2 off in Suspense .. .. .. 315,890 16 7 Profits from sales of properties, &c. .. 1,578 15 3 Losses written off under authority of section 4, Transfer and production fees .. .. 595 6 0 Discharged Soldiers Settlement Amendment Valuation fees .. .. .. .. 11616 Act, 1924 .. .. .. .. 1,080 8 8 Miscellaneous .. .. .. .. 413 9 1 Reduction in capital value of lease issued Net loss for year carried down .. .. 1,220,243 19 10 under section 4, Discharged Soldiers Settlement Amendment Act, 1921-22 .. .. 300 0 0 Reduction in capital value under section 216 of the Land Act, 1924 .. .. .. 1,536 7 0 Reductions of mortgages under section 6 (1) of the Deteriorated Lands Act, 1925 .. 29,173 11 • 9 Remissions of rent and interest under section 6 (1) of the Deteriorated Lands Act, 1925.. 9,413 1 8 Reserve for losses on abandoned properties, &c., on hand at 31st March, 1928 .. 750,000 0 0 £2,069,965 4 7 £2,069,965 4 7 £ s. d. £ s. d. To Net loss for year brought down .. ..1,220,243 19 10 By Adjustment of previous year's account .. 8,137 8 5 Baiance—Net loss, 31st March, 1928 .. 1,212,106 11 5 £1,220,243 19 10 £1,220,243 19 10 Balance-sheet as at 31st March, 1928. Liabilities. Assets. Capital Account— £ s. d. £ s. d. Advances on mortgage— £ s. d. £ s. d. Securities issued .. 5,891,955 16 8 Current Account .. 2,575,311 14 4 Transferred from Con- Seotion 2, Farms Account 6,180,853 15 5 solidated Fund ..11,900,000 0 0 Section 2, Dwellings AcRedemption from Depre- count .. .. 6,136,899 18 0 ciation Fund Account.. 45,060 0 0 14,893,065 7 9 17,837,015 16 8 Land leased under sections 4 and 5, Disinterest on debentures accrued to 31st March, charged Soldiers Settlement Amendment but not payable on that date .. .. 101,990 4 5 Act, 1921-22 .. .. .. .. 358,501 0 0 Consolidated Fund, for interest unpaid on Unpaid purchase price (not yet payable) of amount transferred from Consolidated Fund 220,000 0 0 buildings on Crown properties .. .. 17,231 11 10 Interest due and unpaid on debentures .. 1,938 0 0 Sundry advances merged with value of Crown Sundry creditors —Payments in advance .. 7,046 11 10 lands, &e. (section 20 (3), Discharged Soldiers Land for Settlements Account—Accrued in- Settlement Amendment Act, 1923) .. 40,365 11 1 terest on purchase-money, Mataikona Estate 28,149 0 3 Property Account —ProperSundry creditors for— £ s. d. ties acquired by Crown— _£ s. d. Miscellaneous services .. 5,012 10 9 Freehold .. .. 375,683 16 8 Advances from State Ad- Leasehold .. .. 255,240 12 2 vances Office on pro- 630,924 8 10 perties acquired by Realization Account —Properties in course of Crown .. .. 7,654 7 2 realization .. .. .. •• 451,389 12 7 12,666 17 11 Sundry estates —Live and dead stock .. 27,906 13 7 Carried forward .. .. 18,208,806 11 1 Carried forward .. ~ 16,419,384 5 8

2 —B. 1 [Pt. IV, Sup.].

B.—l [PT. TV, SUP.].

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT—continued. Balance-sheet as at 31st March, 1928—continuedLiabilities—continued. £ s. d. Assets -continued. £ s. d. Brought forward .. .. 18,208,806 II 1 Brought forward .. .. .. 16,419,384 5 8 Suspense Account —Receipts not allocated .. 209 17 11 Machinery and plant .. .. .. 4,699 8 3 Realization Suspense Account .. .. 76 611 Office requisites .. .. .. .. 18 6 1 Fire Loss Suspense Account .. .. 8,924 14 2 Dominion Revaluation Board — Current AdRents charged in advance .. .. .. 4,466 6 3 varices Suspense (sections 3 (3) (b), Discharged Writings-off in Suspense .. .. .. 188,926 9 10 Soldiers Settlement Amendment Act, 1924).. 20,368 15 4 Reserve for depreciation .. .. .. 3,182 19 1 Sundry debtors for principal Reserve for losses on abandoned properties, &c., instalments — £ s. d. on hand .. .. .. .. 750,000 0 0 Section 2, Farms Account 60,589 17 7 Reserve Account .. .. .. .. 55,851 4 5 Section 2, Dwellings AcPer contra— count .. .. 30,240 1 4 Accumulated losses written off under sec- Buildings on properties .. 249 13 6 tion 22 of the Finance Act, 1927 (No. 2), Merged interests (seeby discharge of liabilities— tion 20 (3), Discharged Interest unpaid on trans- £ s. d. Soldiers Settlement fer from Consolidated Amendment Act, 1923) 508 5 2 Fund .. .. 880,000 0 0 91,587 17 7 Interest on debentures Sundry debtors for miscellaneous advances .. 1,243 13 5 due to Consolidated Sundry debtors for interest— £ s. d. Fund .. .. 160,010 12 6 Current Account .. 82,789 16 3 Interest accrued on re- Section 2, Farms Account 113,379 4 10 demption of deben- Section 2, Dwellings Actures from Consoli- count .. .. 18,067 11 6 dated Fund .. 496 2 1 Buildings on properties .. 302 14 11 Redemptions of deben- Merged interests (sectures from Consoli- tion 20 (3), Discharged dated Fund .. 30,000 0 0 Soldiers' Settlement Reduction of £13,500,000 Amendment Act, 1923) 2,245 11 2 transfer from Consoli- Miscellaneous .. .. 33 9 1 dated Fund .. 1,600,000 0 0 216,818 7 9 Against Reserve Account 250 12 8 Sundry debtors for— 2,670,757 7 3 Rent of properties .. 12,799 17 8 Sales of stock, implements, &c. .. .. 285 9 6 Miscellaneous services .. 375 3 4 13,460 10 6 Postponements— Principal instalments .. 41,586 16 8 Interest .. .. 118,409 14 3 Rents .. .. 1,011 11 4 161,008 2 3 Interest on advances accrued but not due .. 119,042 0 6 Interest accrued and interest due on surplus funds temporarily invested .. .. 9,572 7 11 Losses in Suspense .. .. .. 188,926 9 10 Losses through Revaluation Board Account from Ist April, 1927 — Reductions in mortgage- £ s. d. value .. .. 55,952 12 6 Interest written off .. 1,576 14 1 Remissions of interest .. 29,209 9 5 Revaluation Board expenses .. .. 156 16 3 86,895 12 3 I Per contra — Accumulated losses written off under section 22 of the Finance Act, 1927 (No. 2)- — Revenue Account—Loss £ s. d. to 31st March, 1927.. 1,190,337 511 Revaluation Board reductions, &c. .. 1,335,420 1 4 Charges and expenses of raising loans .. 145,000 0 0 2,670,757 7 3 Revenue Account—Net loss, 31st March, 1928 1,212,106 11 5 Investment in Public Debt Redemption Account 39,934 19 7 £ s. d. Cash in Public Account .. 284,139 10 2 Imprests outstanding .. 4,993 2 11 Investment Account .. 346,244 8 3 635,377 1 4 £21,891,201 16 11 £21,891,201 16 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 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 only assets verified are cash in Public Account, Imprests outstanding, investments and interest accrued on investments, and the liability for debenture loans. (2) Certain questions relative to the authority for writing off losses and the charging of compound interest in respect of liabilities to the Consolidated Fund and also in respect of Sinking Fund contributions to be set off against such liabilities are still under consideration. —G. F. C, Campbell, Controller and Auditor-General,

B.—l [PT. IV, Sup.].

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, 1928. Expenditure. £ s. d. j Income. £ s. d. To Excess of income over expenditure .. .. 16,473 10 10 j By Interest on investments .. .. .. 16,473 10 10 £16,473 10 10 £16,473 10 10 Balance-sheet as at 31st March, 1928. Liabilities. Assets. £ s. d. Accumulated Fund— £ s. d. £ s. d. Investments .. .. .. .. 396,87500 Balanceasat 31st March, 1927 360,373 9 6 Interest accrued on investments .. .. 4,771 9 2 Add— Interest due and unpaid on investments .. 574 15 3 Transferred from Consoli- Cash in Public Account .. .. .. 20,241 910 dated Fund .. .. 50,000 0 0 Excess of income over expenditure for year ended 31st March, 1928 .. 16,473 10 10 426,847 0. 4 Less — Redemptions in terms of section 7, Discharged Soldiers Settlement Loans Act, 1920 .. .. 4,384 6 I 422,462 14 3 £422,462 14 3 £422,462 14 3 14th August, 1928. 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. ELECTORAL DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. •• •• 3,211 16 3 By Miscellaneous revenue .. .. .. 54 9 6 Alteration of boundaries .. .. .. 980 0 0 Balance carried down .. .. .. 10,310 0 3 By-elections expenses .. .. ■ • 462 7 0 Compulsory enrolment of electors .. .. 2,221 15 9 Postage .. .. .. • • • • 927 7 4 Printing and stationery .. .. . • 423 810 Rent 873 17 8 Representation Committee.. .. .. 917 9 6 Sundries .. .. • • • • 346 7 5 £10,364 9 9 ' £10,364 9 9 £ s. d. £ s. d. To Balance brought down .. .. .. 10,310 0 3 By Balance carried to balance-sheet .. .. 11,766 3 0 Depreciation .. .. • • • • 873 0 5 Interest on capital .. • • • • 583 2 4 £11,766 3 0 £11,766 3 0 Balance-sheet as at 31st March, 1928. Liabilities. \ A ssets. £ s. d. £ s. d. £ s. d. Fixed capital •• •• •• •• 12,958 3 1 Furniture and fittings .. .. 11,318 12 5 Siinrlrv creditors .. . • • ■ 450 18 8 Less in Suspense .. .. 22 7 6 Depreciatkm Reserve 5,664 7 4 P . 11,296 4 11 Treasurv Adjustment Account .. •• 5,611 8 3 Mechanical appliances .. .. .. 282 1 5 Stock of rolls .. .. .. 1,341 10 0 Less in Suspense .. .. 1 14 0 1,339 16 0 Sundry debtors .. .. .. .. 0 12 0 Excess of expenditure over income .. .. 11,766 3 0 £24,684 17 4 £24,684 17 4 Note. The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental assessed by the Public Works Department: (b) interest on capital at 4A per cent. ; (c) salaries of relieving officers. G. P. Newton, Chief Electoral Officer. A. W. Pyne, Accountant. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental note.—G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, Sup.].

ELECTRIC SUPPLY ACCOUNT. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1928. General Balance-sheet at 31st March, 1928, compared with Position at 31st March, 1927.

i I • li I ' I 1926-27. 1 Liabilities. 1927-28. | 1926-27. j Assets. 1927-28. I : : . I ; l/'jlp j li I j £ s. d. Aid to Water-power Works and Electric j £ s. d. £ s. d. jj £ s. d. j Lake Coleridge scheme — £ s. d. £ s. d. Supply Accounts — 11,608,880 17 10 , Assets as per separate balance-sheet .. 1,644,140 3 11 Debentures issued— 9,192 14 2 Investments, Sinking Fund .. .. 36,884 14 0 274,000 0 0 At 4 per cent, interest .. .. 274,000 0 0 1,681,024 17 11 225,000 0 0 At 4£ per cent, interest .. .. 225,000 0 0 1,618,073 12 0 50,550 0 0 At 5 per cent, interest .. .. 53,550 0 0 Lake Waikaremoana scheme — 108,450 0 0 At 5J per cent, interest .. .. 103,900 0 0 : 191,664 15 7 Assets as per separate balance-sheet .. 652,454 5 3 N.Z. inscribed stock — 15,050 4 7 ! Profit and Loss Account —Loss to date .. 18,756 14 2 805,560 0 0 At 5 per cent, interest (due 1930) .. 806,560 0 0 671,210 19 5 At 5£ per cent. .. .. .. 160,000 0 0 206,715 0 2 293,550 0 0 At 5£ per cent, (due 1936) .. .. 294,100 0 0 N. Z. Consolidated Stock — Waikato River schemes — 542,004 10 10 At 4£ per cent, (due 1945) .. .. 542,004 10 10 Horahora — 1,652,640 11 2 At 5 per cent, (due 1935-46).. .. 2,577,652 19 6 ! 883,938 15 7 Assets as per separate balance-sheet .. 1,010,006 16 5 1,884,642 6 3 At 6 per cent, interest (due 1936-51) .. 1,884,642 6 3 30,067 1 9 Investments, Sinking Fund .. .. 40,115 8 11 Temporary transfer, section 40, Public — 1,050,122 5 4 Revenues Act, 1926 .. .. .. 100,000 0 0 914,005 17 4 7.021,409 16 7 5,836,397 8 3 Arapum —- 1,216, 032 5 4 Assets as per separate balance-sheet .. .. 1,997,795 13 10 Waihi Gold-mining Company (Limited) — Mangahao scheme — Purchase of Horahora works —Deed of 2,325,264 7 6 ! Assets as per separate balance-sheet .. 2,450,455 1 4 212,500 0 0 security at 5 per cent, interest .. .. 212,500 0 0 124,193 2 1 Profit and Loss Account —Loss to date .. 255,737 4 9 ! 2,706,192 6 1 2,449,457 9 7 Consolidated Fund — -j Interest accrued on loans to 31st March, Other schemes, surveys, &c. — 60,640 7 3 1926 .. .. .. .. 73,089 17 7 6,044 17 5; North Island .. .. .. 6,05116 0 324 11 3 Sundry creditors for interest unclaimed .. 137 13 4 11,965 10 11 j South Island .. .. .. 27,191 13 5 —— — — 73,227 10 11 4,622 19 10 I General surveys and investigations 60,964 18 6 — 22,633 8 2 33,243 9 5 Amount set aside as reserve to cover differ- j £ s. d. ence between interest payable on loans 374 9 7 j Material on hand .. 558 7 7 raised and interest earned from their [ 229 4 7 Sundry debtors .. .. 5 1110 30,261 11 2 temporary investment pending use .. .. I 31,531 18 8 j 563 19 5 23,237 2 4 33,807 8 10 6,140,123 17 11 Carried forward .. .. .. 7,338,669 6 2 6,427,521 6 9 Carried forward .. .. .. 8,140,153 11 5 j

B. —1 [PT. IV, SUP.].

I hereby certify that the General Balance-sheet has been duly examined and compared with the lela- H. Arthur, tive books and documents submitted for audit, and correctly states the position as disclosed thereby.— Acting-Accountant, Public Works Department. G. F. C. Campbell, Controller and Auditor-General.

ELECTRIC SUPPLY ACCOUNT— continued. General Balance-sheet at 31st March, 1928, as compared with Position at 31st March, 1927— continued.

1926-27. Liabilities. 1927-28. 1926-27. Assets. 1927-28. -i ■ ■ ' ■■ ■ I I ] £ s. d. | £ s. d. £ s. d. j £ s. d. £ s. d. £ s. d. 6,140,123 17 11 ! Brought forward .. .. .. 7,338,669 6 2 ;6,427, 521 6 9 Brought forward .. .. .. 8,140,153 11 5 I Sundry Creditors — Charges and expenses of raising loans not 106, 206 11 10 i Arapuni scheme .. .. .. 182,112 9 6 875 15 0 distributed to schemes .. .. } 7,048 16 9 | Horahora scheme .. .. .. 15,191 2 6 13,258 9 7 ! Lake Coleridge scheme .. .. 15,247 7 2 Balance in Electric Supply Account at the 28,023 17 3 Mangahao scheme .. .. .. 75,601 7 1 end of the year — 14,686 3 5 Waikaremoana scheme .. .. 51,307 2 1 44,866 5 8 Cash in Public Account .. .. 30,803 17 2 , 577 2 9 South Island surveys .. .. .. 2,632 It) 11 In hands of Government officers in New 342,091 19 3 2 0 0 Zealand .. .. .. .. 185 0 11 169,801 1 7 In hands of Government officers in 79,32? 4 9 ! London .. .. .. .. 41,711 13 10 1 , 72,700 11 11 Depreciation Reserves — 124,190 10 6 63,782 3 2 Horahora scheme .. .. .. 84,271 11 6 142,594 2 0 Lake Coleridge scheme .. .. 173,231 5 10 64,255 5 0 Mangahao scheme .. .. .. 101,817 2 7 6,326 1 0 Waikaremoana scheme .. .. 8,924 11 7 Investment Account (funds invested until 368,244 11 6 150,000 0 0 actually required for use) 276,957 11 2 — Sinking Fund Reserves — 38,515 1 9 Horahora scheme .. .. .. 49,847 8 11 35,442 19 5 Lake Coleridge scheme .. .. 62,465 1 10 Interest accrued on investments to 31st 112,312 10 9 5,573 18 1 March, 1926 .. .. .. 994 18 8 73,958 1 2 421 7 0 Sundry debtors for interest due but unpaid 1,317 0 5 2,311 19 1 5,995 5 1 Reserve Fund — 47.669 10 0 Horahora scheme .. .. .. .. 53,845 2 5 Writings-off in Suspense — 72 15 5 i Lake Coleridge scheme .. .. .. 2 12 4 6,708,582 17 3j Total .. .. .. .. .. i£8,215,166 2 5 6,708,582 17 3 Total .. .. .. .. £8,215,166 2 5 i n 1 : I 1

B.—l [Pt. IV, r Sup.]

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1928, compared with Year ended 31st March, 1927. Gross Revenue Account.

' " * " """" I I! ~ i I 1926-27. | 1927-28. I 1926-27. 1927-28. £ s. d. To Generating expenses, headworks, and power- £ s. d. £ s. d. | £ s. d. | By Sale of energy — £ s. d. £ s. d. house — i 147,794 6 6 Wholesale .. .. .. .. 168,584 15 9 2 886 4 6 Salaries .. .. .. •• 3,226 14 10 269 4 8 Retail .. .. .. .. 164 5 2 1,116 9 3 Wages 1.241 0 7 168,749 0 11 104 5 3 Supplies .. .. .. 57 4 1 I 148,063 11 2 422 10 7 Transport of stores, &c. .. •• 251 11 7 : Maintenance and repairs — 2,488 16 5 ! Harper diversion .. .. •• 2,813 3 11 267 6 10 i Headworks .. .. .. •• 4,371 11 3 582 8 11 Power-house building .. • - 559 18 8 1,822.8 3 Power-house machinery .. •• 1,599 13 1 Rents — 641 15 6 Roads and fences .. .. - * 377 0 10 1,058 18 3 Land and buildings .. .. .. 1,210 15 1 640 6 5 Staff residences, &c. .. • • • • 4 4 210 3 0 Electric lines .. .. .. 223 5 1 : 15,149 3 2 465 13 7 Electric plant .. .. .. 411 9 4 10,972 11 11 1,845 9 6 1,734 14 10 Transmission-lines — | 540 0 0 Salaries .. .. • • • • 529 13 11 Transport, including upkeep of horses, 567 6 2 traps, cars, and cycles .. • • 532 16 3 Eees for testing and repairing electrical ap3,130. 9 2 Repairs to power -lines .. 2,562 10 1 ! 317 3 5 pliances .. .. •. .. .. 386 12 11 Live-line testing .. .. • • 558 13 5 — 4,183 13 8 4,237 15 4 Substation, Addington — 1,323 12 6 Salaries .. .. .. •• 1,457 15 8 543 0 9 Wages .. .. .. 584 10 6 121 12 4 Supplies .. .. .. .. 119 10 10 Maintenance and repairs— 458 6 8 Buildings and yards .. .. 379 5 8 Interest from local bodies in respect of 311 17 7 . Machinery .. .. .. 815111 794 reticulations sold on deferred payment .. 3,356 4 7 116 15 1 Earnings, motor-vehicles •• 145 17 7 2,758 9 10 ! 145 17 7 ' 124 4 5 Distribution — 212 10 0 Salaries .. .. .. .. 220 0 0 Transport, including upkeep of motor91 9 5 vehicles .. .. .. .. 68 19 7 Maintenance of feeder cables, transformer 3,138 11 9 stations, and tools .. .. .. 3,275 12 8 2,017 19 1 Maintenance of secondary distribution .. 4,021 10 3 213 18 4 Maintenance of and testing meters .. 319 13 11 97 15 2 Earth-testing .. .. .. 100 17 9 8,006 14 2 5,772 3 9 23,741 0 10 Carried forward .. .. .. .. 30,695 15 7 150,239 13 10 Carried forward .. .. .. .. 171,127 0 11

B.—l [FT. IV, SUP.]

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY— continued. Profit and Loss Account for Year ended 31st March, 1928, compared with Year ended 31st March, 1927— continued. Gross Revenue Account— continued.

1926-27. j 1927-28. 1926-27. 1927-28. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 23,741 0 10 Brought forward .. .. .. 30,695 15 7 150,239 13 10 Brought forward .. .. 171,127 0 11 1 To Stand-by provision — Payment to Christchurch Tramway Board 1,483 9 5 for energy supplied .. .. .. 1,483 9 5 • Management and general expenses — 2,522 11 2 1 Salaries .. .. .. .. 5,358 6 6 301 12 4 Sick and holiday pay to workmen .. 532 11 10 142 17 8 , Travelling-expenses .. .. . . 629 18 4 379 0 0 Office-rent .. .. .. .. 336 0 0 65 10 0 Rent of other buildings .. 65 10 0 95 13 3 Postages and telegrams .. .. 104 18 2 153 13 9 Telephone subscriptions .. .. 161 16 2 65 3 10 Printing and stationery .. .. 47 1 1 14 2 6 Advertising .. .. .. .. 12 8 9 59 9 2 Accident pay .. .. .. 319 12 6 125 3 0 Fire insurance .. .. .. 139 15 8 163 2 6 Audit fees .. .. .. .. 95 10 6 218 3 1 Meter-reading and line-inspection .. 266 12 6 212 4 3 Electrical testing . . .. . . 238 15 3 9 13 6 Miscellaneous trade expenses .. 26 11 7 90 15 5 Duplication works opening ceremony 72 15 5 Bad debts suspense account .. .. 2 12 4 Proportion of salaries, rents, and expenses, Head Office and High Commissioner's 812 0 0 Staff .. .. .. 1,020 0 0 I 9,358 1 2 5,503 10 10 1 1 40,053 16 9 30,728 1 1 119,511 12 9 Balance to Net Revenue Account .. .. 131,073 4 2 £150,239 13 10 £171,127 0 11 £150,239 13 10 £171,127 0 11 ■■ =1 ■ ' ' ■ '=1 I Net Revenue Account. £ s. d. £ s. d. | £ s. d. £ s. d. 28,167 17 2 To Depreciation at 2 per cent, per annum on completed work .. 29,862 19 7 119,511 12 9 By Balance from Gross Revenue Account .. .. 131,073 4 2 65,093 10 4 Interest for year ended 31st March .. .. .. 75,629 16 9 26,250 5 3 Balance to Profit and Loss Appropriation Account . . 25,580 7 10 (£119,511 12 9 £131,073 4 2 I £119,511 12 9 j £131,073 4 2

B.—l [PT. IV, SUP.].

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

1926-27. 1927-28. j 1926-27. 1927-28. £ s. d. ; £ s. d. £ s. d. £ sTo Balance from previous year's statement .. .. I .. 26,250 5 3 By Balance from Net Revenue Account .. .. .. j 25,580 7 10 26,250 5 3 Sinking Fund Reserve - • • • ■ • • ■ 25,580 7 10 £26,250 5 3 £25,580 7 10 £26,250 5 3 j £25,580 7 10 Depreciation Reserve Account. _— _ _ j j £■ g- £ s. d. £ s. d. £ s. d. To Amounts written off— I 5gi 3 2 Motor-vehicles, tools, plant, &c. .. .. .. 4,929 11 0 111,526 8 0 By Balance from previous year s statement.. .. .. 142,594 2 0 142*594 2 0 . Balance .. . •• •• •• •• 173,231 5 10 4,461 0 0 Interest at 4 per cent, per annum .. .. .. 5,703 15 3 28,167 17 2 Amount set aside as per Net Revenue Account .. .. 29,862 19 7 | £144,155 5 2 £178,160 16 10 £144,155 5 2 £178,160 16 10 Sinking Fund Reserve Account. £ s. d. £ s. d. £ s. d. £ s. d. 35,442 19 5 To Balance .. .. .. •• •• 62,465 1 10 8,906 15 11 By Balance at close of previous year .. .. .. 35,442 19 5 26,250 5 3 Amount set aside as per Profit and Loss Appropriation Account .. .. .. .. .. .. 25,580 7 10 285 18 3 Interest .. .. .. .. .. .. 1,441 14 7 £35,442 19 5 £62,465 1 10 £35,442 19 5 £62,465 1 10 Arrears of Sinking Fund contributions at 31st March, 1928 .. .. .. £42,122 0 0

B.—l [PT. TV. SUP.].

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY— continued. Balance-sheet at 31st March, 1928.

3—B. 1 [PT. IV. Sup.].

1926-27. ! Liabilities. 1927-28. 1926-27. Assets. 1927-28. £ s. d. £ s. d. £ s. d. £ s. d. Works at Lake Coleridge — £ s. d. £ s. d. 142 594 2 0 Depreciation Reserve Account .. .. .. 173,231 5 10 4,661 7 8 ! Land, including fencing and planting .. 5,270 13 8 ' 10,946 6 4 Coalgate Gorge Road .. .. .. 10,977 19 5 7,566 3 8 Service roads .. . . . . .. 7,566 3 8 310 8 5 ! Service telephones .. . . .. 310 8 5 35 442 19 5 Sinking Fund Reserve .. .. .. .. 62,465 1 10 ] 1 24,125 5 2 23,484 6 1 | Sundry creditors — 10 224 13 9 On open accounts .. •• .. 12,339 6 7 Headworks — 2'717 0 7 On contracts .. .. .. .. 2,596 6 2 First tunnel, including inlet and outlet .316 15 3 For current paid in advance .. . 311 14 5 80,728 2 10 works .. .. .. .. 80,743 2 10 — 15,247 7 2 i Second tunnel, including inlet and outlet i 13 258 9 7 237,698 8 2 works .. .. .. .. j 237,310 10 0 ' . 121,514 8 9 : Pipe-lines .. .. .. .. 121,524 12 0 3,970 7 10 I Tram-lines .. .. .. .. 1 3,905 7 10 j 72 15 5 Writings-off in suspense .. .. .. •• 2 12 4 3,473 19 6; Weir at lake outlet, gauges, and fencing .. 5,173 2 0 1 23,007 6 9 ; Harper River diversion works .. .. 23,007 6 9 Balance carried to general balance-sheet — , ; - , 471,664 1 5 1,618,073 12 0 Total assets as per contra .. .. 1,681,024 17 11 470,392 13 9 191,368 6 5 Less total liabilities as above .. 250,946 7 2 ; Power-house— ; -1,430,078 10 9 53,522 12 5 Buildings, &c. .. .. .. 53,552 6 8 1 426 705 5 7 : i 151,073 9 0 j Machinery, &c. .. .. .. 151,867 8 9 231 2 1 ! Office furniture, fittings, &c. .. .. 238 2 1 1 205,657 17 6 204,827 3 6 j j 1 Accommodation for staff and workmen — 24,062 18 5 Buildings, fencing, &c. .. .. .. 24,571 9 7 i Transmission-lines — 4,982 19 t Land .. .. .. .. 3,924 19 2 178,968 15 5 Power-lines to Cbristchurch .. .. j 182,665 4 11 116,253 10 11 Power-lines to South Canterbury .. ! 113,845 18 6 42,617 11 0 : Power-lines, Timaru-Oaraaru .. .. I 42,784 16 3 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 .. i 6,588 12 4 11,439 7 10 Point Switching Station.. .. .. 10,212 13 0 ! — 365,747 9 1 366,576 1 9 Addington Substation — 3,643 0 5 Land, including cottages .. 3,643 0 5 8,835 6 10 Substation buildings .. .. ..I 9,573 10 5 55,732 11 10 Machinery, &c. .. .. .. 60,812 12 11 5,865 14 3 Store buildings and workshops .. .. 5,991 16 3 ; 80,021 0 0 74,076 13 4 ■ 1,618,073 12 0 Carried forward .. .. .. •• 1,681,024 17 11 1,163,419 16 10 Carried forward .. .. .. 1,171,787 2 9

B.—l [PT. IV, SUP.].

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY— continued. Balance sheet at 31st March, 1928— continued.

1926-27. Liabilities. 1927-28. 1926-27. Assets. > 1927-28. . . . - £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. ; £ s. d. 1,618, 073 12 0 Brought forward .. .. .. .. 1,681,024 17 11 1,163,419 16 10 Brought forward .. .. .. .. 1,171,787 2 9 Primary distribution — 7,258 16 6 Supply cables —Christchurch City .. 8,353 17 1 5,171 13 2 Christchurch Tramways .. 5,204 0 4 7,624 4 2 Lyttelton .. .. I 7,868 8 1 26,161 4 9 Northern .. .. 26,522 17 2 ; 14,016 14 0 Southern .. [ 13,406 3 4 4,064 7 7 Motukarara . . .. 4,064 7 7 10,101 12 6 Substations —Hororata .. .. 11,009 19 3 17,930 4 0 Ashburton.. .. .. 14,097 6 6 25,599 17 5 Timaru .. .. .. 26,256 10 7 2,623 8 9 Oamaru .. .. .. 7,544 8 1 622 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 I 126,767 4 10 jj 122,991 9 8 j ] Secondary distribution — | 15,502 10 6 I Supply cables and reticulation .. .. 17,001 5 3 30,253 17 3 Local substations .. .. .. 30,824 1 2 47,825 6 5 45,756 7 9 6,000 11 5 Service transformers and meters .. .. ■ ■ 8,008 2 8 8,475 1 2 Motor-cars, lorries, and cycles, &c. .. .. •• 10,568 10 8 109 2 7 Test room equipment .. .. .. ■ • 92 12 7 15,147 17 9 Loose tools, plant, and equipment .. .. .. 17,814 10 6 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 53,637 12 2 preliminary surveys and during construction .. 57,419 12 10 Salaries of Engineers and others on preliminary 38,437 8 4 1 surveys and during construction .. .. •• 38,737 14 3 21,396 0 0 Cost of raising loans .. .. •• 18,469 0 0 61,039 0 4 Interest during construction .. 61,432 11 6 1,538,568 11 10 i 1,561,080 12 10 I 33,222 16 9 Stocks of material, &c., on hand at date .. 41,793 15 5 Telephone subscriptions, fire insurance, &c., | 88 18 7 paid in advance .. .. .. • • 167 7 2 ! Sundry debtors — 37,000 10 8 For current rent, work carried out, &e. .. j .. 41,098 8 6 1 Sinking Fund — 9,055 7 5 Investment and cash in hands of Treasury 36,264 9 2 20 13 3 Interest accrued .. .. .. 620 4 10 116 13 6 Interest due and unpaid .. .. 36,884 14 0 9,192 14 2 £1,618,073 12 0 £1,681,024 17 llj£1,618,073 12 0 £1,681,024 17 11 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. MANGAHAO ELECTRIC-POWER SUPPLY. Profit and Loss Account for the Year ended 31st March, 1928, compared with Year ended 31st March, 1927. Gross Revenue Account.

I II' I 'I I 1926-27. 1927-28. 1926-27. : | 1927-28. £ s. d. £ s d. £ s. d. j £ s. d. By Sale of energy — £ s. d. £ s. d. j To Generating - expenses, headworks, and ! i 118,665 15 5 Wholesale .. .. .. 150,727 10 7 power-bouse — i i Retail (staff cottages and construction 3,867 16 8 Salaries, wages, and allowances .. j 4,133 15 5 i 4,505 7 8 works) .. .. .. 3,501 17 2 Maintenance headworks, dams, and : — — 610 13 10 pipe-lines .. .. .. 626 19 7 123,171 3 1 154,229 7 9 Maintenance power-house building and 22,553 12 11 Less stand-by, &c. .. .. 111,744 14 11 816 7 4 machinery .. .. .. 1,266 2 11 j 42,484 12 10 Maintenance stall-village and roads, 100,617 10 2 742 1 3 transport and general .. .. 762 4 11 I : 6,789 2 10 6,036 19 1 Rents— Transmission -lines, patrol maintenance, 1,266 4 6 Cottages, &c. .. .. .. 1,522 0 2 &c. — i 8 13 0 Poles .. .. .. 96 7 0 3,368 19 10 Mangaore-Khandallah .. .. 2,952 12 7 j 1,618 7 2 2,700 9 4 Mangaore-Wanganui .. .. 3,273 14 9 ] 1,274 17 6 I 1,605 6 4 Bunnythorpe-Dannevirke .. .. 2,218 13 2 ; 1,700 3 3 Woodville— Masterton .. .. 2,407 8 5 1,080 6 6 Dannevirke-Napier .. .. 2,634 4 11 4 13 8 Tests and inspections .. .. .. 8 12 0 42 0 1 Miscellaneous 11,000- volt lines .. 56 18 3 | .. Penalty interest .. .. .. .. 0 3 2 — 13,543 12 1 10,497 5 4 — Substations — Operating, maintenance, &c. —- 1,941 2 0 Khandallah .. .. .. 2,013 7 8 9 1 4 Otaki .. .. .. .. 3 19 6 431 16 4 Bunnythorpe .. .. .. 401 7 3 240 0 6 Dannevirke .. .. .. 405 7 3 248 10 2 Waipukurau .. .. .. 381 15 2 188 12 7 Woodville .. .. .. 422 4 4 187 6 1 Mangamaire .. .. .. 402 14 0 195 7 2 Masterton .. .. .. 294 3 0 250 3 0 Wanganui .. .. .. 204 6 10 Napier .. ■. .. .. 583 1 1 ! — 5,112 6 1 ; 3,691 19 2 Management and general expenses — 2,744 4 2 Management and office salaries, &e. .. 4,041 12 0 Distribution salaries and expenses and 1,970 14 10 transport .. .. .. 2,667 18 6 275 0 1 Postages, telephones, &c. .. .. 437 6 1 4,989 19 1 Carried forward .. .. 7,146 16 7 25,445 1 0 101,897 1 4 Carried forward .. .. 44,111 15 2 ___ |i I

B.—l [PT. IV, SUP.].

ELECTRIC SUPPLY ACCOUNT— continued. MANGAHAO ELECTRIC-POWER SUPPLY— continued. Profit and Loss Account for the Year ended 31st March, 1928, compared with Year ended 31st March, 1927— continued. Gross Revenue Account— continued.

1926-27. j I 1927-28. 1920-27. 1927-28. li I ' i .| £ s. d. £ s. d. £ s . d. £ s. d. £ s. d. £ s. d. I 4,989 19 1 Brought forward .. .. 7,146 16 7 25,445 1 0 ' 101,897 1 4 j Brought forward .. .. .. 44,111 15 2 To Management and general —continued. 116 7 6 Printing, stationery, and advertising.. 302 10 10 Motor-cars and general travelling487 13 7 expenses .. .. .. 277 18 6 453 18 9 Accident, sick, and holiday pay .. 42 15 1 12 4 2 Fire insurance .. .. .. 42 12 3 133 16 1 Audit fees 20 4 2 Legal expenses .. .. .. 93 17 0 | 480 11 9 Miscellaneous expenses .. .. 563 0 11 8,469 11 2 6,694 15 1 26,920 18 8 74,976 2 8 Balance to Net Revenue Account .. .. 10,197 3 0 £101,897 1 4 £44,111 15 2 j £101,897 1 4 J £44,111 15 2 j Net Revenue Account. I * I £ a. d. £ s. d. £ s. d. £ s. d. To Depreciation at 2 per cent, per annum on completed works 74,976 2 8 By Balance from Gross Revenue Account.. .. .. 10,197 3 0 32,997 0 0 at 31st March, 1928 .. .. .. .. 35,300 13 4 56,902 9 4 Loss for year .. .. .. .. .. 131,544 2 8 98,881 12 0 Interest for year ended 31st March, 1928 .. .. 106,440 12 4 £131,878 12 0 £141,741 5 8 | £131,878 12 0 i £141,741 5 8 Profit and Loss Appropriation Account. £ s. d. £ s . d. £ s. d. £ s - d. To Balance from previous year .. .. .. .. 124,193 2 1 .. By Balance .. .. .. .. .. .. 255,737 4 9 Balance from Net Revenue Account .. .. .. 131,544 2 8 j j I 1 ! £255,737 4 9 .. £255,737 4 9 | Arrears of Sinking Fund contributions to 31st March, 1928 : £66,393.

B. —1 [PT. IV, Sup.].

1926-27. | 1 1927-28. li 1928-27. 1927-28. £ s. d. I £ 8. d. £ s. d. £ s. d. 64,255 5 0 To Motor-vehicles .. .. .. .. .. j 308 19 11 j 30,056 0 0 By Balance at close of previous year .. .. .. 64,255 5 0 Balance .. .. .. .. .. .. j 101,817 2 7 ! 1,202 5 0 Interest at 4 per cent, per annum .. .. .. 2,570 4 2 32,997 0 0 Amount set aside as per Net Revenue Account.. .. 35,300 13 4 £64.255 5 0 ; 102,126 2 6 I £64,255 5 0 £102,126 2 6 Balance-sheet as at 31st March, 1928. 1926-27. Liabilities. 1927-28. 1926-27. Assets. 1927-28. ! ! £ s. d. £ s. d. £ s. d. £ s. d. Headworks — £ s. d. £ s. d. 64,255 5 0 Depreciation Reserve .. .. .. .. 101,817 2 7 9,993 18 11 Land, headworks, &c. .. .. 9,990 4 7 70,017 19 6 ! Roads, tram-lines, &c. .. .. 73,065 5 8 28,023 17 3 Sundry creditors .. .. .. .. 75,601 7 1 11,230 16 3: Local electric line .. .. .. 11,666 15 2 ' 379,512 16 6 Dams 1, 2, and 3 .. .. .. 476,658 16 0 Balance carried to General Balance-sheet — 150,058 1 4 Tunnels 1 and 2 .. .. .. 152,300 19 10 2,449,457 9 7 Total assets as per contra .. .. 2,706,192 6 1 108,469 13 2 j Pipe-line, &c. .. .. .. 108,788 11 3 92,279 2 3 Less total liabilities as above .. 177,418 9 8 14,882 5 2 j Surge-chamber .. .. 15,045 7 10 2,528,773 16 5 ! 847,516 0 4 2,357,178 7 4 744,165 10 10 Power-house — 63,347 4 6 j Buildings, &c. .. .. .. 63,864 4 4 204,496 12 2 Machinery, &c. .. .. ■■ 205,852 12 2 8,690 17 9 Tail-race .. .. .. .. 12,870 8 8 2,440 0 6 Village water-supply.. .. .. 18,619 11 0 301,200 16 2 278,974 14 11 Accommodation for staff —Buildings, fences, 15,936 6 0 &c. Transmission-lines (110, 000-volt) — 8,523 17 8 Lands, lines, and substations .. 142,423 17 5 Shannon— K handallah .. .. 147,122 1 2 96,724 16 1 Shannon-Wanganui .. .. .. 97,742 19 4 45,161 6 10 Bunnythorpe-Dannevirke .. .. 45,582 5 7 68,086 10 0 Woodville-Masterton .. .. 68,717 13 9 76,577 12 6 Dannevirke-Napier .. .. ■■ 76,235 4 0 — — 435,400 3 10 437,498 0 6 2,449,457 9 7 Carried forward .. .. .. 2,706,192 6 1 1,476.574 12 3 Carried forward .. .. .. 1,584,123 0 4 I ' ' ' 1 I

B.—l [PT. IV, SUP.].

ELECTRIC SUPPLY ACCOUNT— continued. MANGAHAO ELECTRIC-POWER SUPPLY— continued. Balance-sheet as at 31st March, 1928— continued.

• i " ~ i j i I 1926-27 | Liabilities. 1927-28. 1926-27. Assets. 1927-28. _ j. - - ■ - - j — j j £ a. d. £ s. d. £ s. d. £ s. d. j £ s. d. £ s. d. 2,449,457 9 7 Brought forward .. .. .. 2,706.192 6 1 1,476,574 12 3 Brought forward .. .. : .. jl,584, 123 0 4 Transmission-lines (11,000-volt) — 3,004 10 11 Mangaore-Shannon .. .. .. 3,004 10 11 7,344 12 11 Khandallah— Petone .. .. .. 4,556 10 0 7,561 0 11 10,349 3 10 Substations — 73,473 11 4 Khandallah .. .. .. 78,126 6 9 1,666 12 8 Otaki .. .. .. .. 1,973 12 11 31,082 11 7 Bunnythorpe .. .. .. 32,621 8 1 20,762 16 2 Wanganui .. .. .. ..I 21,312 18 7 13,520 12 2 Dannevirke .. .. .. 19,368 13 7 21,445 8 0 Waipukurau .. .. .. I 21,871 17 5 } 25,052 7 4 Napier .. .. .. .. i 34,409 11 10 12,159 17 10 Woodville .. .. .. .. j 12,394 15 4 17,745 15 5 Mangamaire .. .. .. 23,584 7 1 12,790 7 4 Masterton .. .. .. .. j 12,636 10 10 Marton .. .. .. .. } 130 0 0 i 258,430 2 5 j 1 229,699 19 10 4,602 13 3 Motor-cars, lorries, &c... .. .. .. 3,738 11 1 961 10 10 Office furniture .. .. .. j .. 963 19 10 14,641 4 7 Service buildings .. .. .. J .. 14,472 18 1 Salaries and expenses, &c., of engineers and j others on preliminary surveys and during 117,515 11 9 construction .. .. .. I .. 130,306 15 6 i 75,806 18 6 Construction-tools, plant, and equipment, &c. .. 56,303 18 7 60,059 3 7 Housing workmen, &c... .. .. .. 58,692 19 10 I 217,068 13 2 Interest during construction .. .. .. 236,993 9 8 35,591 0 0 Cost of raising loans .. .. .. .. 22,333 19 6 2,242,870 11 7 , 2,373,920 15 9 — Stocks on hand, 31st March, 1928 (including 45,597 3 7 10 per cent, to cover administration, &c.) | 39,088 16 11 15,714 4 2 Stocks issued but not used .. .. 7,793 4 5 i 46,882 1 4 61,311 7 9 21,029 5 0 Sundry debtors for current, rents, &c. .. i .. | 29,640 9 9 53 3 2 Telephone subscriptions, &c., paid in advance! .. 11 14 6 124,193 2 1 Net loss .. .. .. .. j .. 255,737 4 9 £2,449,457 9 7 £2,706,192 6 1 £2,449.457 9 7 j £2,706,192 6 1 - ' ■ i . iiI hereby certify that the Profit and Loss Account and Balance-sheet of the above-named electric-power scheme 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. C. Campbell, Controller and Auditor-General.

B.— [PT. IV, SUP.].

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY—HORAHORA SCHEME. Profit and Loss Account for Year ended 31st March, 1928, compared with Year ended 31st March, 1927. Gross Revenue Account.

1926-27. | 1927-28. 1926-27. 1927-28. I II F' I , | . | £ 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— 106,421 8 10 " sumers .. .. .. .. 19 8 3,222 0 4 Salaries and wages .. .. .. 3,379 5 6 205 8 11 ; Less discounts and rebates .. .. 347 2 1 84 5 8 Supplies .. .. .. . . 103 16 5 ! 1 122,670 17 7 50 1 1 Transport .. .. .. .. 50 12 6 . 106,215 19 11 Maintenance and repairs — 1 547 12 5 Headworks and buildings . . . . 761 2 3 1,280 4 7 ! Power-house machinery .. .. 1,310 2 1 128 16 9 1 Staff village .. .. . . 231 13 5 1 — 5,836 12 2 i 6 7 6; Hire of plant .. .. .. .. 9 10 0 5,313 0 10 783 0 9 Rent of lines .. .. .. .. 780 4 11 ; 1,402 14 0 Miscellaneous rents .. .. .. 1,490 14 2 Operation and maintenance of Waihi Grand 2,280 9 1 Junction steam-plant .. .. .. .. 10,608 19 6 2,192 2 3 8,787 5 9 Power purchased in bulk .. .. .. .. 11,268 8 7 Operation and maintenance of main trans- » Testing, oil - drying, and repairs for eon-mission-lines (50,000-volt) — 264 1 0 sumers .. .. . .. .. 297 7 7 1,541 14 7 Horahora-Waikino .. .. .. 1,431 19 8 Fees for inspection of lines and testing of 571 18 11 Horahora-Hamilton .. .. .. 280 18 10 75 11 0 instruments, &c. .. .. .. .. 63 0 0 167 2 4 Mystery Creek - Te Awamutu .. .. 180 13 1 i i 60 2 11 Te Awamutu-Hangatiki .. 66 11 4 339 12 0 10 16 8 Wairongomai-Waihou .. .. .. 50 6 5 107 15 8 Horahora-Arapuni .. .. .. I 56 12 10 131 17 11 Arapuni-Ngongotaha .. .. 99 3 6 48 5 2 Arapuni-Hamilton .. . . .. 145 5 1 1,144 8 5 Hamilton -Pen rose .. .. .. 3,928 7 1 219 7 Penrose-Waitemata . . .. .. 64 19 5 328 3 0 Katikati-Waikino .. .. .. 369 9 3 Bombay-Waikino .. .. .. 58 9 11 6,732 16 5 4,133 15 2 Operation and maintenance of main substations (50,000-volt) — ! 632 7 4 Waikino .. .. .. .. 771 5 1 470 13 0 Hamilton .. .. .. .. 593 15 0 361 2 0; Te Awamutu .. .. .. .. 273 8 2 87 2 4 Hangatiki .. .. .. .. 265 18 1 309 9 3 Waihou .. .. .. .. 3:14 17 4 27 9 1 Arapuni .. .. .. .. 24 3 1 1 272 12 6 Ngongotaha .. .. .. .. 287 10 8 20 3 5 Bombay .. .. .. .. 22 1 1 943 2 3 Penrose .. .. .. .. 913 0 0 30 7 1 Henderson .. .. .. .. 213 17 8 1113 7 ; Takapuna .. .. .. .. 272710 Xerepeehi .. .. .. .. 0 11 11 Mamaku .. .. .. .. 572 3,978 3 11 3,166 1 10 i ' ' : ; 21,400 3 7 Carried forward .. .. .. 38,425 0 7 108,747 14 2 Carried forward .. .. .. 125,311 14 3

B.—l [PT. IV, Sup.].

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHOR A SCHEME— continued. Profit and Loss Account for Year ended 31st March, 1928, compared with Year ended 31st March, 1927— continued. Gross Revenue Account— continued.

1926-27. 1927-28. ; 1926-27. 1927-28. £ s. d. £ s. d. £ s. d. . £ s. d. £ s . d. £ s. d. 21,400 3 7 Brought forward .. ..J .. 38,425 0 7 108,747 14 2 Brought forward .. .. .. 125,31114 3 Operation and maintenance of distribution ! 31 5 1 substations (11,000 volt) .. .. j . 202 15 3 Operation and maintenance of distribution lines (11,000 volt) — 468 11 10 Horahora-Hamilton-Fiankton .. .. 367 10 0 4 17 3 Waikino-Waihi .. .. .. 14 9 8 381 19 8 473 9 1 • General supervision and management of trans1,855 4 1 mission distribution systems .. .. .. 1,927 3 9 Management and general — 2,918 15 8 Salaries, wages, and audit fees . .. 3,678 12 5 216 18 3 Accident insurance, sick and holiday pay .. 339 9 0 330 5 8 Travelling-expenses and motor-cars .. 353 8 4 291 3 4 Postages, telegrams, and telephones .. 295 15 2 55 16 8 Fire insurance .. .. .. .. 65 12 6 259 17 7 Printing, stationery, and advertising .. 160 5 6 278 2 0 Office rent, cleaning, and lighting .. 265 16 0 Experimental testing and miscellaneous 360 2 0 expenses .. .. .. .. 197 5 8 4,711 1 2 23,760 1 10 Carried forward .. .. 5,356 4 7 40,936 19 3 i 108,747 14 2 Carried forward .. .. .. | 125,311 14 3

B. —1 [PT. IV, SUP.].

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME— continued. Profit and Loss Account for Year ended 31st March, 1928, compared with Year ended 31st March, 1927— continued. Gross Revenue Account— continued.

4—B. 1 [PT. IV, Sup.].

1926-27. • 1927-28. 1926-27. . 1927-28. . £ s. d. £ s. d. £ s. d. j £ s. d. I £ s. d. 4,711 1 2 j Brought forward .. .. 5,356 4 7 40,936 19 3 I 108,747 14 2 Brought forward .. .. .. .. 125,311 14 3 | To Management and general —continued. Testing, oil-drying, repairs, &c., for con242 4 8 j sumers .. .. .. .. 269 12 11 I Legal expenses.. .. .. .. 5 5 0 — 5,631 2 6 4,953 5 10 — | 46,568 1 9 28,713 7 8 80,034 6 6 Balance to Net Revenue Account .. .. 78,743 12 6 £108,747 14 2 j £125,311 14 3 £108,747 14 2 £125,311 14 3 I — .- ___ — _ __ _ Net Revenue Account. £ s. d. £ s. d. £ s. d. £ s _ d. 80,034 6 6 By Balance from Gross Revenue Account .. .. .. 78,743 12 6 To Interest on purchase-money for plant purchased from Waihi 37,989 7 6 Gold-mining Company, and on advances from Treasury .. ; 44,189 14 1 16,481 7 0 Depreciation on completed works (2 per cent.) and on stocks 18,646 6 0 54,470 14 6 ! 62,836 0 1 25,563 12 0 Balance to Profit and Loss Appropriation Account .. 15,907 12 5 £80,034 6 6 | £78,743 12 6 £80,034 6 6 £78,743 12 6 Pbofit and Loss Appropriation Account for Year ended 31st March, 1928, compared with Year ended 31st March, 1927. £ s. d. £ s. d. £ s. d. £ s _ d. Sinking Fund contributions to date, as required by section 12 I 25,563 12 0 By Balance from Net Revenue Account .. .. .. 15 907 12 5 8,448 0 0 of the State Supply of Electrical Energy Act, 1917 .. 9,732 0 0 17,115 12 0 Reserve Fund .. .. .. .. .. .. 6,175 12 5 £25,563 12 0 j j £15,907 12 5 £25,563 12 0 £15,907 12 5

B.—l [PT. IV, SUP.].

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

Depreciation Reserve Account. I " ' i ~ " " ~ i| — ' ' 1926-27. 1927-28. 1926-27. 1927-28. £ s. d. £ s. d. £ s. d. £ s. d. To Cost of replacing — 46,443 18 4 By Balance at close of previous year .. .. .. 63,782 3 2 Horahora - Waikino Line —six towers and telephone line and 1,857 15 0 Interest for year .. .. .. .. .. 2,551 5 9 1,059 0 2 | hut.. .. .. •• •• •• •• 385 6 5 Adjustment of amount incorrectly written off in 1925-26 46 17 0 Horahora Station Oil-store floor .. .. .. .. .. 105 0 0 accounts Amount written off for plant sold and replaced .. .. 322 17 0 16,481 7 0 Amount set aside as per Net Revenue Account .. .. 18,646 6 0 63,782 3 2 Balance .. .. .. .. .. .. 84,271 11 6 £64,888 0 4 £84,979 14 11 ! £64,888 0 4 £84,979 14 11 Sinking Fund Account. £ 8. d. I £ s. d. , £ s. d. £ s. d. 38,515 1 9 To Balance .. .. .. .. .. .. 49,847 8 11 ; 28,938 11 3 By Balance at close of previous year .. .. .. 38,515 1 9 Amount set aside as per Profit and Loss Appropriation 8,448 0 0 Account .. .. .. .. .. .. 9,732 0 0 1,128 10 6 Interest .. .. .. .. .. .. 1,600 7 2 £38,515 1 9 £49,847 8 ]1 < £38,515 1 9 £49,847 8 11 Reserve Fund Account. £ s. d. £ s. d. £ s. d. I £ s. d. 47,669 10 0 To Balance .. .. .., .. .. .. 53,845 2 5 j 30,553 18 0 By Balance at close of previous year .. .. .. -j 47,669 10 0 Amount set aside as per Profit and Loss Appropriation j 17,115 12 0 Account .. .. .. .. .. .. 6,175 12 5 £47,669 10 0 £53,845 2 5 ! £47,669 10 0 £53,845 2 5

R.—l [Pt. IV, Sup.].

ELECTRIC SUPPLY ACCOUNT —continued. WAIKATO ELECTRIC-POWER SUPPLY.— HORAHORA SCHEME— continued. Balance-sheet at 31st March, 1928.

1926-27. Liabilities. 1927—28. 1926-27. Assets. 1927-28. £ s. d. Electric Supply Account— £ s. d. £ s. d. £ s. d. Works, &c., at Horaliora — £ s. d. £ s. d. 756,990 5 8 J Balance carried to genera] balance-sheet .. I 846,967 0 0 2,168 5 9 Roads and bridges .. .. .. j 2,168 5 9 7,048 16 9 Sundry creditors .. .. .. 15,191 2 6 1,039 15 3 Land and fencing .. .. .. 1,039 15 3 63,782 3 2 Depreciation reserve .. .. .. i 84,271 11 6 11,491 11 6 Accommodation for staff and workmen .. j 11,491 11 6 38,515 1 9 Sinking Fund .. ... .. j 49,847 8 11 175,751 9 7 Headworks .. .. .. .. j 177,934 2 7 47,669 10 0 BeserveJFund .. .. .. ! 53,845 2 5 74,123 18 0 Generating-station .. .. .. ! 73,750 6 2 — | 1,050,122 5 4 40,203 2 0 Transformer building and machinery .. 40,626 9 8 914,005 17 4 i 1,632 8 11 Tools and equipment .. .. .. j 1,639 18 7 L 308,650 9 6 306,410 11 0 Auxiliary, plant (Waihi Grand Junction steam- ! plant) .. .. .. .. ! .. 10,298 19 1 Transmission -lines (50,000- volt) — 38,460 1 3 Horahora-Waikino .. .. .. 38,660 1 3 11,001 19 2 Waikino-Katikati .. .. .. 11,048 13 5 4,561 6 6 Wairongomai-Waihou ... .. 4,561 6 6 138 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 12,079 4 4 Te Awamutu - Hangatiki .. .. 12,116 18 5 4,875 8 7 Horahora-Arapuni .. .. .. 4,873 0 0 18,895 19 3 Arapuni-Ngongotaha .. .. .. 18,903 2 0 148 15 9 Arapuni-Te Kuiti .. .. .. 148 15 9 34,765 7 2 Arapuni-Hamilton .. .. .. 34,921 4 5 99,591 11 8 Hamilton-Penrose .. .. .. 100,491 0 10 44,979-11 0 Penrose-Takapuna .. .. .. 45,878 12 8 1,495 6 7 Linemen's cottages .. .. .. 1,543 0 7 Bombay-Waikino .. .. .. 31,727 15 8 ' 335,147 19 9 301,128 19 6 Main substations (50,000-volt) — 21,094 10 3 Waikino .. .. .. .. 34,432 0 6 8,495 12 11 Hamilton .. .. .. .. 10,311 2 0 6,691 0 4 Te Awamutu .. .. .. .. 6,964 5 7 9,351 12 6 Waihou .. .. .. .. 12,140 2 5 5.317 19 11 Hangatiki .. .. .. .. 6,885 13 4 2.318 3 3 , Arapuni .. .. .. .. 2,3)8 19 5 3,627 13 7 Ngongotaha .. .. .. .. 4,183 2 2 2,474 18 3 Bombav .. .. .. .. 3,452 10 3 29,903 3 2 Penrose .. .. .. .. 35,770 19 11 6,156 14 5 Henderson .. .. .. .. 13,966 14 2 5,368 11 10 Takapuna .. .. .. .. 12,588 13 0 j Mamaku .. .. .. .. 1,614 6 9 Kerepeehi .. .. .. .. 604 3 11 — 145,232 13 5 100,800 0 5 914,005 17 4 Carried forward .. .. .. 1,050,122 5 4 708,339 10 11 Carried .. .. .. 799,330 1 9

B.—l [Pi. IV, Sup.].

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME-continued. Balance-sheet At 31st March, 1928— continued.

1926—27. ! Liabilities. j 1927-28. i 1926-27. Assets. 1927-28. £ s - d. £ s. d. j' £ s. d. £ s. d. £ s. d. 914,005 17 4 Brought forward .. .. .. 1,050,122 5 4 jj 708,339 10 11 Brought forward .. .. .. 799,330 ] 9 Distribution -lines (11,000 volt) — 33,162 10 5 Horahora-Frankton .. .. .. 33,581 10 5 704 11 11 Waihi Grand Junction Company line .. 704 11 11 6,000 0 0 Waikino-Waihi .. .. .. 6,000 0 0 3,323 19 7 Bombay-Pukekohe .. .. .. 3,314 14 3 " 43,600 16 7 43,191 1 11 7,408 3 10 Distribution substations (11,000 volt) — Waihi Grand Junction Co. .. .. 6,450 14 0 Taps for consumers .. .. .. 2,278 0 1 II 8>728 14 [ Hamilton Area — 3,997 14 6 Land at Ruakura .. .. .. 3,997 14 6 Stores buildings and fittings and railway - 7,679 15 1 siding, Ruakura .. .. .. 8,127 7 1 4,270 5 11 Staff residences, Ruakura .. .. 4,380 5 11 3,230 17 7 Loose tools and equipment .. .. 3,678 16 6 4,434 15 0 Motor lorries, cars, and cycles .. .. 4,101 18 0 892 1 9 Office furniture, Hamilton .. .. 924 0 5 227 9 6 Office accommodation .. .. .. 227 9 6 Engineering, office, and general expenses on 7,524 17 2 surveys and on construction .. .. 11,683 19 5 Salaries of officers on surveys and on con14,513 18 2 struction .. .. .. .. 22,619 14 5 | 32,013 11 5 Interest during construction .. .. 49,568 5 5 6,548 0 0 Cost of raising loans .. .. .. 11,528 0 0 | 120,837 11 2 I 85,333 6 1 Arapuni Area — 675 10 Electric lines and distribution .. .. .. 675 10 9 I I 844,947 13 6 973,172 14 4 11,596 2 3 General stocks of material on hand .. •• 8,710 9 6 I Debtors — 27,394 19 10 For electricity and sales of material .. 28,011 14 11 For payments in advance .. .. Ill 17 8 | 28,123 12 7 j Sinking Fund — 29,607 5 7 Investment and cash in hands of Treasury 39,451 5 10 69 3 11 Interest accrued .. .. .. 664 3 1 390 12 3 Interest due and unpaid 40,115 8 11 L 30,067 1 9 I [£914,005 17 4 £1,050,122 5 4 £914,005 17 4 £1,050,122 5 4 i i -j ================== ISote. The sum of £363,944 14s. 5d. (excluding proportion of cost of raising loans), 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 revenue, is included in the above figures. In connection therewith, maintenance (£17,171 7s.), interest (£17,880 15s. 10d.), depreciation (£7,278 17s. 9d.), and sinking fund (£3,639) 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. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. TV, Sup.],

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.— ARAPUNI SCHEME. Balance-sheet at 31st March, 1928.

1926-27. | Liabilities. 1927-28. i| 1926-27. Assets. 1927-28. I ; II I i i ■ i i £ s. d. | £ s. d. j £ s. d. Works, &c., at Arapuni — £ s. d. £ s. d. 1 1,109,825 13 6 j Electric Supply Account —Balance carried to general 1,815,683 4 4 4,832 5 9 | Land and fencing .. .. .. 9,108 15 11 balance-sheet j 26,549 4 8 ! Roads and bridges .. .. .. 25,893 0 9 106,206 11 10 ! Sundry creditors .. .. .. .. .. 182,112 9 6 5,579 13 2 Houses .. .. .. .. 5,408 9 9 6,168 10 10 Offices and temporary buildings .. 6,206 7 10 " 46,616 14 3 43,129 14 5 | Headworks — 16,614 7 0 I Engineering and preliminary works .. 19,649 14 .7 j Dam and other headworks under Arm710,930 8 3 strong-Whitworth's contract .. 1,194,751 5 8 Tailrace .. .. .. .. 17,816 0 6 — 1,232,217 0 9 727,544 15 3 50,000-volt lines — 29,515 9 5 Waikino-Bombay 783 19 8 Ngongotaha-Opotiki .. .. 25,488 6 10 Penrose-Takapuna Hamilton— Huntly .. .. 4,654 19 0 Henderson-North Auckland .. 0 9 11 1 30,143 15 9 30,299 9 1 110,000-volt lines — 132,028 1 0 Arapuni-Penrose (tower) No. 1 .. 196,629 18 9 521 16 5 Tamaki deviation Arapuni-Penrose (tower) No. 2 .. 2 9 1 196,632 7 10 132,549 17 5 50,000-volt substations — 8,956 18 0 Bombay .. .. .. 30,178 17 3 6,254 4 4 i Takapuna .. .. .. 3,821 12 10 Henderson .. .. .. 30 5 10 Huntly .. .. .. .. 42 13 10 70 11 5 Kerepeehi .. .. .. 6,989 0 0 929 19 0 Mamaku 2 13 0 Rangitaiki .. .. .. 1,126 7 0 18 3 Waiotahi .. .. .. 1,052 6 2 Matamata .. .. .. 2,530 11 5 41,919 15 8 20,067 12 8 110,000-volt substations — 39,524 14 11 Penrose .. .. .. 82,633 3 1 438 5 11 Hamilton .. .. .. 3,701 15 6 ! 86,334 18 7 39,963 0 10 Penrose Auxiliary Station Diesel plant .. .. 45,802 3 11 1,216,032 5 4 Carried forward .. .. .. . 1,997,795 13 10 ! 993,554 9 8 Carried forward .. .. .. 1,679,666 16 9 ; I I I

B.—l [PT. IV, SUP.].

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.— ARAPUNI SCHEME— continued. Balance-sheet at 31st March, 1928— continued.

1996-27 Liabilities. 1927-28. ! 1926-27. Assets. 1927-28. I I I L ! £ s _ d £ s. d. j £ s. d. £ s. d. j £ s. d. | ! 1,216,032 5* 4 1 Brought forward .. •• 1,997,795 13 10 j 993,554 9 8 Brought forward .. .. .. j 1,679,666 16 9 Works, &c., at Arapuni —continued. 4,088 3 11 Motor-vehicles .. .. .. 4,088 3 11 6,758 3 11 Loose tools, plant, and equipment .. 6,729 10 4 Engineering, office, and general expenses on preliminary survey and during con45,375 13 10 struetion .. .. .. .. 52,702 14 0 Supervision and office expenses on trans-mission-lines and substations during 10,503 14 5 construction .. .. .. 25,482 13 9 87,985 19 1 Interest during construction .. .. 151,940 17 4 18,420 0 0 Cost of raising loans .. .. .. 48,007 0 0 288,950 19 4 173,131 15 2 1,968,617 16 1 1,166,686 4 10 48,364 10 2 Stocks of material on hand .. .. .. 28,218 16 11 981 10 4 Sundry debtors .. .. .. . • 959 0 10 £1,216,032 5 4 £1,997,795 13 10 £1,216,032 5 4 £1,997,795 13 10 Note. —The sum of £363,944 14s. 5d. (excluding proportion of cost of raising loans), 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 (£17,171 7s.), interest (£17,880 15s. 10d.), depreciation (£7,278 17s. 9d.), and sinking fund (£3,639) 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. F. C. Campbell, Controller and Auditor-General.

B. —1 [PT. TV, SUP.],

ELECTRIC SUPPLY ACCOUNT—continued. WAIKAREMOANA ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1928, compared with Year ended 31st March, 1927.

Gross Revenue Account. 1926-27. ! ' 1927-28. 1926-27. — 1927-28. I £ s. d. To Generating-expenses, headworks, and power- £ s. d. £ s. d. £ s. d. By Sale of electricity — £ s. d. £ s. d. house (temporary development) — > ! Wholesale consumers .. .. .. 2,100 0 0 Operating salaries and wages .. .. 253 13 9 I Retail consumers .. .. .. 128 10 8 Operating supplies ...... 7 13 2 j 2,228 10 8 Maintenance — Pipe-lines .. •. .. .. 78 0 7 Rents — Power-house building .. .. .. 1 15 2 Staff cottages .. .. .. .. Ill 11 9 Turbines and generators .. .. 2 9 11 Land .. .. .. .. 33 0 0 Transformers .. .. .. .. 2 0 0 2,404 2 2 Plant and land leased to Wairoa Power Switch-gear, meters, &c. .... 6 18 11 Board .. .. .. .. 2,700 0 0 Staff houses .. .. .. 4156 2,844 11 9 357 7 0 Management and general — Salaries .. .. .. .. 15 0 0 Fire insurance .. .. .. .. 10 8 6 Printing and stationery .. .. .. 2 0 0 Postages and telephone subscriptions .. 8 0 0 Audit fees .. .. .. .. 5 0 0 15 0 0 Head Office expenses .. .. .. 15 0 0 55 8 6 2,389 2 2 Balance to Net Revenue Account .. .. .. 4,660 6 11 £2,404 2 2 | £5,073 2 5 i £2,404 2 2 £5,073 2 5 Net Revenue Account. i I ' / i : i 1926-27. 1927-28. 1926-27. ; 1927-28. £ s - d- £ s. d. £ s. d. £ s. d. To Depreciation at 2 per cent, per annum on completed works 2,389 2 2 By Balance from Gross Revenue Account .. .. .. 4,660 6 11 1,717 16 0 at 31st March, 1928.. .. .. .. .. 2,345 9 9 Loss for year .. .. .. .. .. 3,706 9 7 5,038 12 0 Interest for year ended 31st March, 1928 .. .. 6,021 6 9 4,367 5 10 I £6,756 8 0 £8,366 16 6 £6,756 8 0 ! £8,366 16 6

B.—l [PT. IV, SUP.].

Depreciation Reserve Account.

Balance-sheet at 31st March, 1928.

ELECTRIC SUPPLY ACCOUNT— continued. WAIKAREMOANA ELECTRIC-POWER SUPPLY— continued. Profit and Loss Appropriation Account.

£ s. d. £ s. d. |j £ s. d. £ s. d. 10,682 18 9 To Balance from previous year .. •• •• •• 15,050 4 7 j 15,050 4 7 By Balance .. .. .. .. .. .. 18,756 14 2 4,367 5 10 Balance from Net Revenue Account .. .. •• 3,706 9 7 j £15,050 4 7 £18,756 14 2 ; £15,050 4 7 £18,756 14 2

1926-27. ! 1927-28. 1926-27. | 1927-28. : I ' I ' j ' 1 j 5 ~ ' f j ' 7 ■ £ s. d. £ s. d. I £ s. d. j £ s. d. 6,326 1 0 ; To Balance .. .. .. •• •• •• 8,924 11 7 I 4,431 0 0 j By Balance at close of previous year .. .. .. 6,326 1 0 177 5 0 Interest on £6,326 Is. .. .. .. .. .. 253 0 10 1,717 16 0 | Amount reserved for year .. .. .. .. 2,345 9 9 £6,326 1 0 i £8,924 11 7 j £6,326 1 0 i £8,924 11 7

I I ii I ■ , I 1926-27. ! Liabilities. 1927-28. ! 1926-27. ! Assets. 1 1927-28. £ s. d. £ s. d. £ s. d. Temporary development — £ s. d. £ s. d. 6,326 1 0 Depreciation reserve .. .. .. .. .. 8.924 11 7 34 17 11 Supervision .. .. .. 34 17 11 14,686 3 5 Sundry creditors .. .. .. .. .. 51,307 2 1* 972 7 7 Headworks .. .. .. .. 741 1 6 185,702 15 9 Balance carried to general balance-sheet .. .. .. 610,979 5 9 25,855 11 3 Pipe-lines .. .. .. .. 25,962 10 10 26,119 0 5 Power-house and machinery .. .. 26,348 12 9 3,747 1 9 Turbines and generators .. .. 3,625 14 2 889 13 8 Transformers and lightning-arrestors .. 901 15 7 75 15 6 Switch-gear .. .. .. .. 79 15 4 442 11 4 Workshop and equipment .. .. 442 11 4 58,136 19 5 206,715 0 2 | Carried forward .. .. .. .. .. 671,210 19 5 136 19 5 Carried forward .. .. .. .. 58,136 19 5 i ; ■ i * Excludes miscellaneous suspense charges, £702 10s. 5d.

B. —I [FT. IV. Sup.]

ELECTRIC SUPPLY ACCOUNT— continued. WAIKAREMOANA ELECTRIC-POWER SUPPLY— continued. Balance-sheet at 31st March, 1928— continued.

s—B. 1 [FT. TV, SUP,

I 1026-27. Liabilities. ' 1927-28. I 1926-27. Assets. 1927-28. I £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. | 206,715 0 2 Brought forward .. .. .. .. 671,210 19 5 j 58,136 19 5 Brought forward .. .. .. .. 58,136 19 5 Lower development — Kahutangaroa Dam .. .. .. .. 313 16 5 Main development — Headworks — 816 7 11 Supervision .. .. .. .. 2,530 7 1 14 12 10 River-diversion weir .. .. .. 1,941 6 5 4,234 14 1 River-diversion race .. .. .. 6,347 3 1 409 14 8 Earth dam, Kaitawa .. .. ,. 5,034 12 1 505 9 5 Approach canal to tunne! .. .. 4,304 17 10 3,496 1 4 Tunnel .. .. .. .. 16,928 18 3 2,226 15 8 Surge-chamber .. .. .. 17,269 1 5 5,013 6 10 Pipe-lines .. .. .. .. 59,754 3 11 402 17 3 Tram-line .. .. .. .. 1,533 8 5 2,740 2 3 Access roads.. .. .. .. ! 3,035 6 9 ! 118,679 5 3 19,860 2 3 Main power-station — 191 9 2 Supervision .. .. .. .. 1,118 8 7 8,856 0 5 Power-housebuilding .. .. .. 44,388 6 1 , I ! Power-house cranes .. .. .. 4,360 132 Turbines, piping and valves .. .. 1 10 10 Generators .. .. .. .. 10 5 10 1 1 lev. switchgear, metering and control equip- 213 19 6 ! ment Battery and booster .. .. .. 3,489 0 5 Local service transformer .. .. 417 4 5 Electric wiring and lighting .. .. 172 11 10 , j 1,402 14 7 Access road to power-house .. .. 1,318 11 11 Power-house workshop equipment .. 1,324 0 2 Station earths .. .. .. .. 109 I 10 : 56,923 14 7 10,450 4 2 534 17 7 Outdoor station .. .. .. .. .. 58,645 14 9 11,460 0 10 Staff village .. .. .. .. .. 21,459 19 5 J | | Transmission-lines — 2,678 3 7 Waikaremoana-Napier (110,000 volts) .. 93,307 7 10 1,489 1 6 Waikaremoana-Gisborne (50,000 volts) .. 9,589 4 9 Waikaremoana-Wairoa (50,000 volts) .. 22,748 12 8 I 125,645 5 3 4,167 5 1 Substations — 33 7 5 Gisborne .. .. .. .. 5,339 0 5 Wairoa .. .. .. .. 2,659 18 1 7,998 18 6 36 7 5 206,715 0 2 Carried forward .. .. .. .. .. 671,210 19 5 104,645 16 9 Carried forward .. .. .. .. 447,803 13 7

B1 [PT. IV, SUP.].

ELECTRIC SUPPLY ACCOUNT— continued. WAIKAREMOANA ELECTRIC-POWER SUPPLY— continued. Balance-sheet at 31st March, 1928— continued.

1926-27 Liabilities. 1927—28. 1926-27. Assets. 1927-28. j ; j , £ s. d. I £ s. d. 1 £ s. d. £ s. d. j £ <=. d. 206,715 0 2 Brouglit forward .. .. . .. 671,210 19 5 104,645 16 9 j Brought forward .. .. .. .. j 447,803 13 7 | | Management and general — 479 4 8 Exploration, preliminary survey, &c. .. 479 4 8 7,581 5 4 | Engineering and office expenses .. .. 19,947 11 11 3,913 15 11 j Salaries (office, &c.) .. .. .. 8,736 14 2 887 1 11 \ Travelling and transfer expenses .. .. 1,712 10 5 1 30,876 1 2 12,861 7 10 ] 13,030 3 1 Workers'accommodation .. .. .. .. 15,798 18 11 54 6 0 Accident appliances .. .. .. .. 81 19 5 Temporary service buildings — 3,563 5 9 Tuai and Kaitawa .. .. .. 4,791 8 8 1,220 0 1 i Wairoa and Napier .. .. .. 4,640 3 4 ! j 9,431 12 0 J 4,783 5 10 I ! Harbour facilities —Waikokopu .. .. .. 3,734 2 4 17,109 13 4 j Main roads and bridges .. .. . . .. 39,801 17 3 6,627 6 7 | Land and fencing .. .. .. .. 11,641 12 1 1,064 10 4 Telephone-line to Wairoa .. .. . . .. 1,064 10 4 174 3 6 Works telephone-lines .. .. .. .. 205 11 8 3,326 2 1 Temporary power-lines .. .. .. .. 3,659 2 2 621 18 2 Temporary water-supply .. .. .. .. 958 3 0 1,484 1 3 Installation of major plant .. .. .. 183 14 9 5,354 17 5 Construction plant .. .. -• 10,366 0 0 55 4 0 Office fittings .. .. .. . . .. 70 18 10 129 12 7 Holiday pay to workmen .. .. .. .. 1,489 9 3 123 2 0 Accident compensation .. .. .. .. 698 11 1 7,782 18 5 | Interest during construction .. .. .. 22,623 17 3 2,842 0 0 ; Cost of raising loans .. .. .. .. 13,403 0 0 46,695 9 8 613,892 15 1 1,660 7 10 Sundry debtors .. .. .. .. j .. 3,735 '6 5 Plant and material transferred .. .. .. 3,486 10 7 7,933 18 7 Stocks of materials, tools, &c. .. .. .. 31,339 13 2 15,050 4 7 Profit and Loss Account —Accumulated loss to .. 18,756 14 2 date j £206, 715 0 2 £671,210 19 5 £206,715 0 2 £671,210 19 5 I hereby certify that the Profit and Loss Account and Balance-sheet of the above-named electric-power scheme have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental note. — G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, SUP.].

EXTERNAL AFFAIRS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. ~ .. .. 2,568 5 4 By Balance carried down .. .. .. 23,448 18 8 Advertising, &c. .. .. .. .. 63 17 7 ! Expenses of upkeep, Apia Observatory .. 2,271 1 4 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 To officer on retirement .. .. .. 412100 Ministerial visit to Western Samoa, expenses of 582 16 4 Motor-vessel for Island services (miscellaneous expenses) .. .. .. .. 3,499 12 10 Office expenses .. .. .. .. 8 16 1 , Postages, &c. .. .. .. .. 404 19 7 Printing and stationery .. .. .. 276 10 9 Royal Commission to inquire into Samoan matters, expenses of .. .. .. 4,408 211 Samoan petition: Professional services of counsel .. .. .. .. 315 0 0 Telephones, &c. .. .. .. .. 34 15 0 Travelling allowances and expenses .. .. 156 16 1 Sundry expenses .. .. .. .. 14 15 6 Rent .. .. .. .. .. 80 0 0 Depreciation .. .. .. .. 201 19 4 £23,448 18 8 | £23,448 18 8 £ s. d. £ s. d. To Balance brought down .. .. .. 23,448 18 8 By Excess of expenditure over income .. .. 23,784 7 4 Interest on capital .. .. .. 335 8 8 £23.784 7 4 i £23,784 7 4 . Note.—The following charges, for which the Department possesses no parliamentary appropriation, are included : (a) Rental value as assessed by the Public Works Department; (6) interest at 4J per cent, on capital as at Ist April, 1927. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. ( Assets. £ s. d. Capital .. .. .. .. .. 7,454 4 1 S.s. " Lady Roberts" .. .. .. 2,650 16 0 Sundry creditors .. .. .. .. 20,272 9 0 £ s. d. Depreciation Reserve .. .. .. 845 13 10 Office fittings .. .. 377 1 1 Treasury Adjustment Account .. .. 35,603 7 9 Additions .. .. 40 9 5 417 10 6 Photographic film .. .. .. .. 300 0 0 Official stamps .. .. .. .. 11 18 4 Stores on hand .. .. .. .. 3,117 19 6 New motor-vessel (part-pa3'ment) .. .. 33,893 3 0 Excess of expenditure over income .. .. 23,784 7 4 £64,175 14 8 £64,175 14 8 27th June, 1928. C. A. Berendsen, 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.

13.—1 [PT. IV, SUP.].

GENERAL PURPOSES RELIEF ACCOUNT. Income and Expenditure Account foe the Year ended 31st March, 1928. Expenditure. Income. To Losses written off — £ s. d. £ s. d. By Interest on advances — £ s. d. £ s. d. Waimarino bush-fire relief — Fire relief .. .. .. 1,016 16 4 Principal .. .. .. 949 12 5 Flood relief .. .. .. 284 15 0 Interest .. .. . . 253 18 4 In aid of works of production — 1,203 10 9 Orchardists .. .. .. 45 10 2 Flood relief— Nelson Farmers' Union Lime Co., Principal .. .. . . 360 8 2 Ltd. .. .. .. 192 10 0 Interest .. .. .. 26 510 Cider-manufacturing .. .. 156 10 11. 386 14 0 Mortgage reductions under the De- 1,696 2 5 teriorated Lands Act, 1925—Fire Less Ferngrove Sawmilling Co. 9 9 8 relief.. .. .. .. 450 0 0 1,686 12 9 Remissions of interest under the De- Interest on investments .. .. .. 1,280 11 I teriorated Lands Act, 1925 —Fire Interest on sinking funds .. .. .. 4 010 relief .. .. .. .. 112 10 0 Balance carried down .. .. .. 1,888 7 6 562 .10 0 Interest on loans .. .. .. .. 2,706 17 5 £4,859 12 2 £4,859 12 2 £ s. d. £ s. d. To Balance at 31st March, 1927 .. .. . . 135 5 6 By Unclaimed remittance—Fire relief .. .. 10 0 Balance brought down .. .. .. 1,888 7 6 Interest on sinking funds to 31st March, 1927 .. 101 0 3 Balance .. .. .. .. .. 231 2 0 Transfer of capital losses charged to revenue j Ju1,760 0 7 Transfer of interest written off, to Bad DebtsReserve .. .. .. .. 392 14 2 £2,254 15 0 £2,254 15 0 Balance-sheet as at 31st March, 1928. Liabilities. Assets. Capital— £ s. d. Advances under Appropriation Act, Loan under Appropriation Act, 1918, section 33 1918, section 33, and Public (Waimarino bush-fire relief) .. .. 70,000 0 0 Revenues Act, 1926, section Less— £ s. d. 136 — £ s. d. £ s. d. Written off Appropriation Acts 5,429 11 5 Fire relief .. .. .. 21,145 18 1 Provisionally written off and re- Flood relief .. .. .. 6,659 6 3 ductions under Deteriorated In aid of works of production— Lands Act, 1925 .. .. 1,653 5 1 Orchardists .. .. 716 5 4 7,082 16 6 Murchison Lime Co., Ltd. .. 499 19 9 Nelson Farmers' Union Lime Co. 3,500 0 0 62,917 3 6 Cider-manufacturing .. 4,368 19 10 Interest accrued on debentures .. .. .. 230 2 9 Liability to Consolidated Fund for interest .. 4,100 5 11 36,890 9 3 Reserve for bad debts.. .. .. 1,489 7 6 Less provisionally written off and Realization Suspense Account — Cider-manufac- reductions under the Deterioturing .. .. .. .. .. 1100 rated Lands Act, 1925 .. 1,653 5 I Suspense Account .. .. .. .. 82 16 0 35,237 4 2 Treasury Adjustment Account .. .. .. 4,987 3 3 Sundry debtors for interest— Income and Expenditure Account .. .. 231 2 0 Fire relief .. .. .. 1,607 12 3 Flood relief .. .. .. 352 11 10 In aid of works of production .. 1,120 12 9 j 3,080 16 10 Less provisionally written off and remissions under the Deteriorated Lands Act, 1925 .. 340 1 6 ■ 2,740 15 4 j Interest accrued on advances—Fire relief .. .. .. 195 14 7 Flood relief .. .. . . 58 10 5 In aid of works of production .. 99 0 4 353 5 4 Sundry debtors for rent .. .. .. 8 0 0 Interest accrued on investments .. .. 314 7 9 Investment in Public Debt Redemption Fund .. .. .. .. 105 1 1 Property Account—Cider-manufac-turing .. .. .. .. 4,987 5 2 Cash in State Advances .. .. 765 14 11 Cash in Public Account .. .. 4,537 7 2 5,303 2 I Investment Account .. .. .. 25,000 0 0 £74,049 0 11 ' £74,049 0 11 r A. D. Park, E.1.A.N.Z., Accountant to the Treasury. 24th August, 1928. I hereby certify that the Income and Expenditre 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 : Interest on the amount held in the Public Debt Redemption Fund has been compounded, whereas there is no statutory provision therefor.—J. H. Fowler, Deputy Controller and Auditor-General.

B.— [PT. IV, SUP.].

GOVERNMENT FIRE INSURANCE FUND. (Established under Section 133, Public Revenues Act, 1926.) Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Accumulated fund as at Ist April, 1927 .. 46,712 10 7 By Claims paid— Contributions «—<• Section 133 (1), Public Health Department—King George V Hospital 178 13 8 Revenues Act, 1926 .. .. .. 10,000 0 0 Police Department— £ s. d. Public Trust Office—lnterest at 5J per cent, on Linwood Station .. .. 10 0 0 balance at credit .. .. .. 3,127 4 8 Green Island .. .. 818 3 Claims due but not paid, 31st £ s. d. 18 18 3 March, 1927 .. .. 6,184 7 1 Post and Telegraph Department— Less claims due but not paid, 31st Kaitangata Post-office .. 29 1 10 March, 1928 .. .. 2,981 0 7 Otakeho Post-office .. .. 20 10 0 3,203 6 6 49 11 10 Refund of claim overpaid, Whangamomona School 191 14 2 Public Works Department— Garage, Pipitea .. .. 12 7 10 Otaki Sanatorium .. .. 220 0 0 232 7 10 Education Department—Schools— Auckland Normal .. .. 87 19 6 Kurow .. .. .. 100 0 0 Limestone Plains .. .. 165 0 0 Makotuku .. .. 1,000 0 0 Mangamuku Native.. .. 100 0 0 Manga weka .. .. 1,379 0 0 Marlborough Junior High .. 6 9 2 Matau .. .. .. 84 0 0 Newtown .. .. .. 10 15 0 North East Harbour .. 8 11 6 Ohoka .. .. .. 271 0 0 Ohura .. .. .. 500 0 0 Otekaike Special Cottage .. 650 0 0 Pukekohe Technical .. 168 0 0 Puketapu .. .. .. 90 9 6 Rewanui .. .. .. 425 0 0 Rotokare .. .. .. 349 0 0 Spreydon .. .. .. 1,723 0 0 Te Aro .. .. .. 9 13 6 TePupuke .. .. 2 11 7 Te Pupuke Native .. .. 357 8 5 Victoria Avenue —Wanganui 27 11 7 Waikanae .. .. .. 800 0 0 Whakatane .. ..4,159 0 0 12,474 9 9 Accumulated Fund as at 31st March, 1928 .. 50,280 14 7 £63,234 15 11 ! £63,234 15 11 1 — - | ; * s — Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Accumulated Funds as at 31st March, 1928 .. 50,280 14 7 Amount invested in the Common Fund of the Claims due but not paid .. .. .. 2,981 0 7 Public Trust Office (earning interest at percent.) .. .. .. .. .. 53,070 1 0 Sundry debtors .. .. .. .. 191 14 2 £53,261 15 2 £53,201 15 2 . * , 16th August, 1928. A. I). 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.

JB.—l [PT. IV, SUP.].

GOVERNMENT LIFE INSURANCE DEPARTMENT. Revenue Account or the Government Life Insurance Department for the Year ended 31st December, 1927. £ s. d. £ s. d. Amount of Funds at Ist January, 1927 7,029,583 16 2 Death claims under assurance policies, Renewal premiums—■ Assurance, An- including bonus additions .. 197,785 19 0 nuity, and Endowment .. .. 526,769 4 4 Endowment Assurances matured, inNew premiums (including instalments eluding bonus additions .. 264,792 1 0 of first year's premiums falling due Endowments matured .. .. 10,277 7 0 in the year) .. .. .. 55,037 211 Premiums returned on endowments .. 343 11 4 Single premiums—Assurance and En- Bonuses surrendered for cash .. 11,604 17 10 dowment .. .. .. 4,729 5 1 Annuities .. .. .. 23,002 4 10 Consideration for Annuities .. 14,329 1 2 Surrenders .. .. .. 39,087 13 11 £ s. d. Loans released by surrender .. 58,939 3 7 Interest and Rent .. 405,044 1 1 £ s. d. Less land and in- Commission, new* .. 34,450 14 (i co m eta x, ~ renewal 4,045 1 3 1 £15,235 9s. 7d. ; — 38,496 7 7 property expenses, Contribution to Public Service Super£3,346 17s. Id. .. 18,582 6 8 annuation Fund .. .. 777 10 5 386,461 14 5 Expenses of management— Salaries. £s. d. Head Office .. 21,085 7 3 Branch offices and agents .. 11,952 12 6 Extra clerical assistance .. .. 2,590 11 9 Medical fees and expenses .. .. 4,309 4 10 Travelling-expenses 1,020 • 5 8 Advertising .. 445 16 5 Printing and stationery .. .. 1,931 6 2 Rent .. .. 5,772 18 0 Postage and telegrams 1,759 15 1 Exchange .. 42 18 5 General expenses .. 2,816 011 Services rendered by Government Actuary .. 4,151 15 9 57,878 12 9 Transfer to Investment Fluctuation Reserve Account .. .. 10,000 0 0 Amount of funds, 31st December, 1927 7,303,924 14 10 • £8,016,910 4 1 £8,016,910 4 1 - ' — * Including agents' allowances. Balance-sheet of the Government Life Insurance Department on 31st December, 1927. Liabilities. Assets. £ s. d. £ s. d. Total Assurance, Annuity, and En- Loans on policies .. .. 978,496 2 0 dowment Funds (as per Revenue New Zealand Government securities 2,205,010 0 0 Account) .. .. .. 7,303,924 14 10 Municipal Corporation debentures .. 205,934 18 9 Claims admitted, proofs not yet com- County securities .. .. .. 104,890 19 9 pleted .. .. .. .. 43,549 19 9 Harbour Board debentures .. 30,200 0 0 Annuities .. .. .. 811 8 11 Town Board debentures .. .. 32,176 19 0 Commission .. .. .. 689 19 1 Road Board debentures .. .. 21,800 0 0 Medical fees .. .. .. 389 11 0 Drainage Board debentures .. 1,847 2 3 Premium and other deposits .. 12,429 5 0 Power Board debentures .. .. 779,505 14 1 Sundry creditors .. .. .. 5,458 0 8 Landed and house property .. 140,385 19 1 Accident and Fidelity Fund .. 2,980 0 0 Landed and house property (leasehold) 1,757 5 3 Investment Fluctuation Reserve .. 209,707 7 5 Mortgages on property .. .. 2,875,494 14 4 Sinking Funds on Local Body Loans 4,460 16 5 Properties acquired by foreclosure .. 19,331 710 Overdue premiums on £ s. d. policies in force .. 8,760 2 3 Outstanding premiums due but not overdue 48,439 6 10 57,199 9 1 Overdue interest .. 7,127 10 4 Outstanding interest due but not overdue 8,924 3 7 | Interest accrued but not due .. .. 99,489 7 7 115,541 1 6 Agents' balances .. .. .. 3,136 8 0 I Sundry debtors .. .. .. 1,531 17 0 Cash in hand and on current account 10,181 5 2 £7,584,401 3 1 £7,584,401 3 1 A. E. Allison, Commissioner. H. Rose, Secretary. Government Life Insurance Department, 10th May, 1928. The Audit Office, having examined the Revenue Account and balance-sheet, and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. — G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. TV, Sup.].

GOVERNMENT STORES MARINE INSURANCE FUND. (Established under Section 134 of the Public Revenues Act, 1926.) Revenue Account for the Year ended 31st March, 1928. Insurable Value Premiums of Imports. (5/- per Cent.). Dr. Cr. £ s. d. To Premiums paid by Departments— £ £ s. d. By Excess of claims over income, 31st March, 1927 756 8 0 Agriculture .. .. .. 2,417 60 10 Claims paid to Departments— £ s. d. Defence .. .. .. 34,495 86 4 9 Agriculture .. .. 256 5 0 Education .. .. .. 10,297 25 14 10 Defence .. .. .. 80 1 10 Health .. .. .. 10,545 26 7 3 Education .. 2 3 2 Internal Affairs .. .. 3,892 9 10 2 Health .. .. .. 2 5 0 Labour .. .. .. 108 0 5 5 Naval Defence .. .. 881 18 9 Lands and Survey .. .. 4,147 10 7 4 Post and Telegraph .. 2,415 19 1 Marine .. .. .. 1,563 3 18 2 Printing and Stationery .. 630 11 6 Mental Hospitals .. .. 16,613 41 10 8 Public Works .. .. 424 15 6 Mines .. .. .. 2,020 5 1 0 Railways .. .. .. 4,721 7 2 Police .. .. .. 112 0 5 7 Scientific and Industrial RePost and Telegraph .. .. 198,858 497 211 search .. .. .. 119 0 Printiug and Stationery .. 59,653 149 2 8 9,417 6 0 Prisons .. .. .. 1,842 4 12 1 Excess of income over claims .. .. 1,674 5 9 Public Works .. .. .. 335,260 838 3 0 Railways .. .. .. 965,507 2,413 15 4 Scientific and Industrial Research 2,328 5 16 5 Stamp Duties .. .. 3,930 9 16 6 State Forests .. .. .. 1,072 2 13 7 Tourist .. .. .. 325 0 16 3 1,654,984 4,137 4 9 Premiums due but not paid .. .. 1,460 2 4 Public Trust Office —Interest at Common Fund rate on balance at » credit .. .. .. .. 63 3 5 Treasury—Contributions in terms of section 134 (7), Public Revenues Act, 1926 .. .. .. .. 4,683 15 2 Refund of general average contribution, s.s. " Surrey" .. .. .. 471 6 1 Refund of claims paid for losses ex " Port Kembla " —goods now received .. .. .. .. 171 7 5 Claims due but not paid 31st March, 1927 .. .. .. 965 15 0 Less claims due but not paid, 31st March, 1928 .. .. 104 14 5 — 861 0 7 £11,847 19 9 £11,847 19 9 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Claims due but not paid .. .. .. 104 14 5 Amount invested in the Common Fund of the Public Excess of income over claims .. .. .. 1,674 5 9 Trust Office (earning interest at 5} per cent.) .. 318 17 10 Sundry debtors (premiums due but not paid) .. 1,460 2 4 £1,779 0 2 £1,779 0 2 Note. —In the Revenue Account, premiums for the period Ist January, 1927, to 31st March, 1928, have been included, as up to 31st March, 1927, premiums had been paid in arrear. In future premiums for the financial year only will be included in the accounts. 24th August, 1928. 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. —G. F. C. Camptielt,, Controller and Auditor-General.

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 for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Interest at 5 per cent, on capital liability .. 7,081 19 0 By Coal rate received .. .. .. 1,272 17 4 Amount collectible outstanding .. .. 337 9 1 Balance .. .. .. .. 5,471 12 7 £7,081 19 0 £7,081 19 0 £ s. d. £ s. d. To Balance at 31st March, 1927 .. .. 177,362 11 11 By Balance .. .. .. .. 182,834 4 6 Balance brought down .. .. .. 5,471 12 7 £182,834 4 6 £182,834 4 6 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital liability .. .. .. .. 141,839 I 0 Amount collectible outstanding .. .. 337 9 1 Interest due and unpaid .. .. .. 183,171 13 7 Treasury Adjustment Account .. .. 141,639 1 0 Balance of Income and Expenditure Account .. 182,834 4 6 £324,810 14 7 £324,810 14 7 17th August, 1928. 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. * HAURAKI PLAINS SETTLEMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Interest on debentures issued under Hauraki By Accrued rents .. .. .. ..11,564 011 Plains Settlement Act, 1926 .. .. 30,181 12 8 Rates .. .. .. .. .. 8,165 4 1 Interest on expenditure from Public Works Interest on investments .. .. .. 209 3 9 Fund .. .. .. .. . . 202 16 0 Interest on sales of land .. .. .. 276 16 7 Maintenance on completed works .. .. 6,303 12 9 Interest allowed on sinking-fund contributions 312 15 7 Rebate of rent .. .. . . . . 588 14 9 Miscellaneous .. .. .. .. 589 311 Rebate of rates .. .. .. .. 90 0 5 Net loss carried down .. .. .. 18,724 12 1 Remissions of rent .. .. .. 1,261 6 0 Irrecoverable rents, &c. .. .. .. 120 10 1 Irrecoverable rates .. .. .. 1,093 4 3 £39,841 16 11 £39,841 16 11 £ s. d. £ s. d. To Net loss brought down .. .. .. 18,724 12 1 By Interest allowed on Sinking Fund contribuBalance from previous year . . .. 47,268 11 3 tions to 31st March, 1927 .. .. 1,968 11 9 Adjustment on account of previous year .. 82 19 6 Balance.. .. .. .. .. 64,107 11 1 £66,076 2 10 £66,076 2 10

B.—l [PT. IV, SUP.].

HAURAKI PLAINS SETTLEMENT ACCOUNT —continued. Balance-sheet as at 31st March, 1928. Liabilities. Assets. Capital Account— Improved land handed over to Land Board for Debentures issued under Hauraki £ s. d. £ s. d. settlement— £ s. d. £ s. d. Plains Act, 1926 .. .. 740,000 0 0 Leased .. .. .. 182,783 5 0 Expenditure from Public Works Unleased .. .. .. 18,768 5 0 Fund .. .. .. 5,070 0 0 201,551 10 0 Value of Crown land set apart Unpaid purchase price of land sold on deferred under the Act .. .. 45,000 0 0 payment .. .. .. .. 2,644 0 0 790,070 0 0 Unimproved lands not yet disposed of .. .. 44,375 5 1 Discharged Soldiers Settlement Account (merged Improvements on adjoining Crown lands .. 7,710 0 0 interests under section 20, Discharged Soldiers Permanent reserves .. .. .. .. 8,851 0 0 Settlement Amendment Act, 1923) .. 116 0 0 Works in progress —Expenditure on land in proConsolidated Fund— cess of reclamation, including formation and Interest on debentures under metalling of roads .. .. .. .. 430,222 18 3 Local Bodies' Loans Act, £ s. d. Artesian wells — £ s. d. 1908 .. .. .. 22,083 6 8 Crown tenants, Hauraki Plains 1,232 2 5 Interest on expenditure out of Permanent reserves and Crown Public Works Fund .. 4,056 0 0 lands .. .. .. 216 10 9 Rates unpaid, 1917-21 .. 48 2 4 1,448 13 2 26,187 9 0 Buildings .. .. .. .. .. 6,658 1 0 Interest on debentures under Wharves .. .. .. .. .. 5,050 0 0 Hauraki Plains Act, 1926 .. 97,561 16 3 Machinery and plant .. .. .. 55,648 11 0 Less accumulated losses written Live-stock .. .. .. .. .. 198 4 0 off under section 22 of the Loose tools .. .. .. .. .. 370 6 3 Finance Act, 1927 (No. 2) .. 55,722 16 5 Stores and fuel .. .. .. .. 8,504 18 10 41,838 19 10 Sundry debtors for— £ s. d. Interest on debentures, accrued but not due .. 5,910 6 0 Rents, &c. .. .. .. 4,598 6 4 Sundry creditors .. .. .. .. 4,160 3 9 Instalments on principal on deRents, &c., paid in advance .. .. .. 215 18 9 ferred-payment sales .. 127 2 7 Rents charged in advance .. .. .. 2,795 0 0 Interest on deferred-payment Writings-off in suspense .. .. .. 79 14 4 sales .. .. .. 106 10 I Reserve Account .. .. .. .. 5,850 17 4 Interest on well-boring .. 137 7 7 Law-costs .. .. .. 40 6 2 Rates .. .. .. 8,512 12 6 Tram freights .. .. 272 10 4 Miscellaneous .. .. 2,331 6 6 16,126 2 I Postponed rent .. .. .. .. 682 16 2 Writing-off in suspense .. .. .. 79 14 4 Revaluation Board determinations from Ist April, 1927, to 31st March, 1928— £ s. d. Reduction in value of lands .. 3,965 0 0 Rents written off .. .. 33 3 6 Remissions of rent .. .. 276 6 8 —— 4,274 10 2 Interest accrued, but not due on sales of land .. 39 0 0 Investment in Public Debt Redemption Fund .. 8,132 4 8 Revenue Account—Balance .. .. .. 64,107 11 1 Cash in hands of Post Office .. .. .. 153 13 7 Cash in Public Account .. .. .. 10,395 9 4 £877,224 9 0 £877,224 9 0 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Receipts and Payments and Revenue Accounts and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. The following comments are appended : (a) In the opinion of the Audit Office interest charged on works in progress should be capitalized; (b) a. Bad Debts Reserve should be created; (c) suggestions in reference to the treatment of expenditure on lands already handed over for settlement have been made to the Department; (d) interest on the amount held in the Public Debt Redemption Fund has been compounded whereas there is no statutory provision therefor.—G. F. C. Campbell, Controller and Auditor-General. •

6—B. 1 [PT. IV, SUP.].

B. —1 [PT. IV, Sup.].

DEPARTMENT OF INDUSTRIES AND COMMERCE. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. <1. Income. £ s. d To Salaries, overtime, and meal allowance . .. 6,220 110 By Gas Regulations Account .. .. .. 1,226 10 10 Advertising, periodicals, newspapers, &c. .. 77 0 1 Miscellaneous receipts .. .. .. 137 13 2 Fuel, light, and office-cleaning .. .. 86 15 4 Balance carried down .. .. .. 33,255 2 1 General expenses .. .. .. .. 163 11 11 Industrial exhibitions .. .. .. 92 18 8 Law costs .. .. .. .. 2,113 14 10 Office requisites, printing and stationery .. 161 10 1 Postages, telegrams, telephones, and rent-boxes 311 12 5 Rent of offices .. .. .. .. 891 0 0 Travelling expenses and allowances .. .. 469 5 0 Subsidies to steamer services .. .. 22,500 0 0 Publicity Account .. .. .. 264 7 6 Railway passes issued to Trade Commissioners 288 5 10 Expenses, Proprietary Articles Trade Association inquiry . . .. .. . . 142 14 2 Ministry Health exhibit, London .. .. 246 911 Depreciation Account—• £ s. d. Ordinary depreciation .. 260 5 9 Special depreciation .. .. 233 12 3 493 18 0 Interest on capital .. .. .. 96 0 6 £34,619 6 1 £34,619 6 1 Note. —The above account includes interest on capital and an assessed rental of office-heaters for which the Department possesses no parliamentary appropriation. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. Capital Account .. .. .. .. 2,133 17 0 Office furniture and fittings— £ s. d. Depreciation Reserve .. .. 1,158 17 8 Wellington .. .. .. .. 794 15 1 Sundry creditors .. .. .. .. 92 16 2 Christchuroh .. .. .. .. 313 7 4 Treasury Adjustment Account .. .. 33,097 11 10 Auckland .. .. .. .. ~ 185 9 3 Suspense Account, writings-off .. .. 23 18 7 Dunedin .. .. .. .. .. 70 11 1 Melbourne .. .. .. .. 55 18 6 Mechanical appliances (including gas-testing appliances) — Wellington .. .. .. .. 489 9 0 Christchuroh .. .. .. .. 163 17 10 Auckland .. .. .. .. .. 98 6 0 Dunedin .. .. .. .. .. 50 12 0 Head Office library .. .. .. .. 138 15 6 Half-share refrigerating plant, London .. .. 270 13 8 Exhibition material .. .. .. .. 404 4 8 Official stamps on hand .. .. .. 33 9 11 Sundry debtors .. .. .. .. 151 19 9 Expenditure in advance .. .. .. 6 11 0 Suspense Account .. .. .. .. 23 18 7 Income and Expenditure Account .. .. 33,255 2 1 £36,507 1 3 £36,507 1 3 J. W. Collins, Secretary. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental note. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. 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, 1928. Expenditure. Income. £ s. d. Departmental Administrative Charges. By British Nationality Act .. .. .. 299 2 6 £ s. d. £ s. d. Passport fees .. .. .. .. 2,184 18 5 To Salaries .. .. .. 33,820 15 0 By-laws Act, fees under .. .. .. 15 15 0 Commissions of Inquiry .. 118 12 1 Cinematograph films, censorship of .. .. 1,571 4 4 Fresh-water fisheries .. 3,137 15 2 Opossum royalty receipts .. .. .. 9,388 16 9 Postage .. .. .. 680 3 0 Land agents' license fees .. .. .. 9,576 1 0 Printing and stationery .. 1,607 8 5 Sales —Miscellaneous .. .. .. 35 6 3 Publications .. .. 700 18 11 Revenue —Miscellaneous .. .. .. 2,347 10 0 Rent .. .. .. 4,191 13 4 Profit on sales of publications .. 23 17 1 Telephones .. .. 1,386 8 9 Totalizators, inspection of .. .. .. 1,931 11 1 Travelling allowances and ex- Balance carried down .. .. .. 272,217 1 9 penses of officers .. .. 777 2 6 Advertising New Zealand .. 30,632 19 8 Deer herds —Bonus for reduction .. .. .. 1,312 0 0 Entertaining visitors to New Zealand.. .. .. 5,619 6 11 Fire-hose .. .. .. 30 7 1 Opossums ■— Distribution of royalty, &c. .. .. 8,981 12 6 Reuters telegrams—Cost .. 2,481 7 7 Totalizators —Inspection .. 1,882 19 2 Turnbull Library—Expenses.. 529 16 8 War graves—Upkeep .. 4,102 510 Depreciation 1,224 11 9 Free Issue of Publications Account .. .. .. 77 11 10 Sundries Account .. .. 2,444 0 9 Charges not allocated .. 2,281 0 2 108,020 17 1 General Public Service Administration Charges. £ s. d. Salaries .. .. •• 74,402 19 7 Fuel for Government offices .. 2,129 14 9 Light, power, and water .. 5,310 2 1 Printing and stationery for Ministers' offices .. .. 958 7 5 Travelling allowances and expenses of Ministers .. 5, 659 5 1 Travelling allowances and expenses of Private Secretaries 2,834 16 11 Cleaning offices .. .. 2,894 11 3 Imperial Conference, London 1,014 11 5 New Zealand Gazette .. 6,065 0 6 Stores Control Board .. 1,135 18 11 Sundries .. •• •• 1,557 9 3 103,962 17 2 Special Acts. £ s. d. Salaries .. •• •• 23,468 12 7 Appropriation Act, 1925, section 15 23,062 10 0 Appropriation Act, 1926, section 15.. •• 2,149 26 Fire Brigades Act .. .. 3,609 9 0 52,289 14 1 Other Charges. Fire Brigades Association — Grant and rail passes .. 986 15 4 Young Citizens League —Rail passes .. • • • • 1 > 165 8 4 Compassionate allowances .. 1,953 6 6 Cost-of-living bonus to annuitants .. •• •• 4,113 12 1 Ex gratia payments for injury (enemv action) .. .. 611 0 0 Grants .. •• •• 7,642 4 6 Subsidies .. •• .2,210 3 1 Royal visit to New Zealand .. 14,286 211 Sundries .. •• 2,349 3 1 35,317 15 10 £299,591 4 2 £299,591 4 2 £ s. d. £ s. d. To Balance brought down .. .. ..272,217 1 9 By Revenue, miscellaneous, previous year .. 32914 9 Interest on capital 1,689 8 6 Balance •• 273,576 15 6 £273,906 10 3 £273,906 10 3

B.—l [PT. IV, Sup.].

INTERNAL AFFAIRS DEPARTMENT—continued. SUBDIVISION lI—GOVERNMENT ACTUARY. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 5,934 15 2 By Contributions from other Departments .. 5,656 1 2 Rent .. .. .. .. .. 569 1 9 Miscellaneous revenue .. . . - . 590 10 8 Sundries .. .. .. .. .. 182 14 9 Sales Account .. .. . . .. 18 7 3 Balance carried down .. .. 421 12 7 £6,686 11 8 £6,686 11 8 £ s. d. £ s. d. To Balance brought down .. .. .. 421 12 7 By Balance .. .. .. .. . 514 8 3 Depreciation .. .. .. .. 54 18 11 Interest on capital .. .. .. .. 37 16 9 £514 8 3 £514 8 3 SUBDIVISION V—REGISTRAR-GENERAL. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. To Salaries .. .. .. .. .. 11,451 4 6 By Registration and other fees — £ s. d. Registration of births, deaths, and marriages— Registration of births, deaths, and marriages 18,349 7 7 Payment to non-permanents .. .. 1,402 4 4 Friendly Societies Act .. .. .. 2 8 0 Payment to post-offices .. .. .. 1,605 14 3 Dentists Act .. .. .. .. 44 7 6 Postage .. .. .. .. .. 658 4 7 Sundry revenue .. .. .. 24 8 11 Printing and stationery .. .. .. 952 7 6 Sales .. .. .. .. .. 315 2 Rent .. .. .. .. .. 1,134 9 4 Sundries .. .. t. . .. .. 538 0 2 Balance carried down .. .. .. 682 2 6 £18,424 7 2 £18,424 7 2 £ s. d. £ s. d. To Depreciation .. .. .. .. 180 16 2 By Balance brought down .. .. .. 682 2 6 Interest on capital .. .. .. .. 105 0 3 Balance .. .. .. .. .. 396 6 1 £682 2 6 £682 2 6 SUBDIVISION VI—CENSUS AND STATISTICS. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. To Salaries .. .. .. •• •• 19,779 8 7 By Sundry Revenue — £ s. d. Census, 1926, cost of taking .. .. 582 14 4 Receipts from Powers machines .. .. 2,751 15 0 Postage .. .. .. .. .. 961 4 0 Miscellaneous revenue .. .. .. 12 5 2 Printing and stationery .. .. .. 1,752 0 0 Balance carried down .. .. .. 34,506 12 6 Rent .. .. .. .. .. 826 0 0 Statistics, collection of .. .. .. 6,660 9 0 Free issue of publications .. .. .. 4,537 4 5 Loss on sale of publications .. .. 1,619 5 4 Sundries . • .. .. .. 552 7 0 £37,270 12 8 £37,270 12 8 £ s. d. £ s. d. To Balance brought down .. .. .. 34,506 12 6 By Balance .. .. .. .. .. 36,451 0 4 Depreciation .. .. .. .. 1,276 19 4 Interest on capital .. .. .. 667 8 6 £36,451 0 4 £36,451 0 4

B.—l [PT. IV, SUP.].

INTERNAL AFFAIRS DEPARTMENT—continued. SUBDIVISION VII—HIGH COMMISSIONER. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. To Salaries .. .. .. .. .. 27,979 19 4 By Sundry revenue — £ s. d. Advertising .. .. .. .. 462 2 2 Salaries .. .. .. .. .. 12,474 5 4 Official entertainments .. .. .. 478 4 7 Shipping-charges .. .. .. .. 235 15 3 Fuel and light .. .. .. .. 1,507 16 3 Rent .. .. .. .. .. 8,530 8 6 House allowance, High Commissioner .. 1,083 6 8 Miscellaneous revenue .. .. .. 530 10 10 Office cleaning .. .. .. .. 935 19 11 Balance carried down .. .. .. 26,832 18 6 Postage.. .. .. .. .. 1,458 5 6 Printing and stationery .. .. .. 684 6 6 Rent .. .. .. .. .. 9,115 9 0 Interest on unpaid purchase-money .. 3,100 0 0 Sundries .. .. .. .. 1,798 8 6 £48,603 18 5 £48,603 18 5 £ s. d. By Sundry revenue— £ s. d. To Balance brought down .. .. .. 26,832 18 6 Miscellaneous revenue .. .. .. 814 0 Depreciation .. .. .. .. 3,996 6 0 Balance carried down .. .. .. 34,893 6 9 Interest on capital .. .. .. 4,072 16 3 £34,902 0 9 £34,902 0 9 SUBDIVISION VIII^MUSEUM. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 2,804 14 4 By Sundry revenue .. .. .. .. 14 16 9 Rent .. .. .. .. .. 1,769 3 4 Balance carried down .. .. .. 5,699 14 7 Free issue of publications .. .. .. 11006 Loss on sale of publications .. .. 98 9 7 Sundries .. .. .. .. 932 3 7 £5,714 11 4 £5,714 11 4 £ s. d. £ s. d. To Balance brought down .. .. .. 5,699 14 7 By Balance .. .. .. .. .. 6,503 10 4 Depreciation .. .. .. .. 239 13 9 Interest on capital .. .. .. 564 2 0 £6,503 10 4 £6,503 10 4 SUBDIVISION IX—EXPLOSIVES BRANCH. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 3,002 6 2 By Explosives license fees .. .. .. 4,935 9 8 Magazine expenses.. .. .. .. 1,787 7 0 Explosives storage fees .. .. .. 2,198 5 9 Rent .. .. .. .. .. 90 0 0 Magazine revenue .. .. .. .. 2,011 10 11 Sundries .. .. .. .. 1,383 7 6 Balance carried down .. .. .. 2,882 5 8 £9,145 6 4 £9,145 6 4 £ s. d. £ s. d. To Depreciation .. .. .. .. 436 0 5 By Balance brought down .. .. .. 2,882 5 8 Interest on capital .. .. .. 558 1 7 Balance .. .. .. .. .. 1,888 3 8 £2,882 5 8 £2,882 5 8

B.—l [PT. IV, Sup.].

INTERNAL AFFAIRS DEPARTMENT—continued. Combined Income and Expenditure Account foe the Year ended 31st March, 1928. (Including Subdivisions I to X and Special Acts.) Expenditure. £ s. d. Income. £ s. dTo Balance from separate accounts, as under :— By Balance from separate accounts, Head Office .. .. .. .. 273,576 15 6 asunder— £ s. d. Government Actuary .. .. .. 514 8 3 Registrar-General .. .. 396 6 1 Census and Statistics .. .. .. 36,451 0 4 Explosives Branch.. .. 1,888 3 8 High Commissioner . . . . .. 34,893 6 9 2,284 9 9 Museum .. .. .. .. 6,503 10 4 Balance.. .. .. .. .. 349,654 11 5 £351,939 1 2 £351,939 1 2 Note.—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-| per cent.; (c) the amounts include transfer of assets to other Departments for which no parliamentary authority is provided. Combined Balance-sheet as at 31st March, 1928. (Including Subdivisions I to X and Special Acts.) Liabilities. £ s. d. A ssets. Fixed capital as at Ist April, 1927 .. .. 350,293 16 0 Departmental assets —Head Office Sundry creditors .. .. .. .. 25,863 16 9 and sub-Departments — £ s. d. £ s. d. Advance payments — £ s. d. Land .. .. .. 9,109 9 0 Loans .. .. .. 22 2 6 Buildings .. .. .. 167,621 3 7 Subscriptions .. .. .. 406 18 3 Office furniture £ s. d. Rent .. .. .. .. 4 8 6 and fittings .. 18,942 16 6 433 9 3 Less Suspense .. 8 5 11 Unpaid purchase price of building, London .. 77,500 0 0 18,934 10 7 Depreciation Reserve .. .. .. 26,717 19 6 Mechanical appliances .. 15,972 16 11 Treasury Adjustment Account .. .. 256,821 6 9 Photographic apparatus .. 2,351 19 5 Library .. .. .. 3,370 17 4 Tools .. .. .. 241 10 1 Saleable publications.. .. 8,389 14 9 Motor-vehicles .. .. 2,700 1 6 228,692 3 2 Head Office— Turnbull Library building .. 9,292 4 5 Fish-hatchery .. .. 3,028 12 3 Turnbull Library .. .. 56,815 1 6 Launches .. .. .. 311 10 0 Traps and horses .. .. 7 0 0 Wharves and beacons .. 295 0 0 Consumable stores .. .. 588 10 5 70,337 18 7 Census and Statistics — Payment in advance —Printing publications .. .. .. 605 0 0 High Commissioner — Motor accessories .. .. 10 0 0 Lease of building .. .. 20,425 0 0 20,435 0 0 Museum—Exhibits .. .. .. 54,267 14 10 Explosives Branch—Explosives appliances .. .. .. .. 188 0 9 Loan on mortgage .. .. .. 7,149 111 Sundry debtors — Stranded New-Zealanders .. 1,564 5 9 Less Suspense .. .. 50 17 7 1,513 8 2 General .. .. .. .. 4,787 9 5 Excess of expenditure over income .. 349,654 11 5 £737,630 8 3 £737,630 8 3 ===== G. P. Newton, Under-Secretary. A. W. Pyne, Accountant. I hereby certify that the 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.

B.—l [PT. IV, Sup.].

JUSTICE DEPARTMENT. Income and Expenditure Account fob the Year ended 31st March, 1928. Courts and General. Expenditure. Income. £ a. d. To Salaries. £s. d. By Supreme Court revenue .. .. .. 57,183 14 2 Judges .. .. .. .. 17,050 0 0 Magistrates'and Wardens' Courts and licensing Magistrates .. .. .. .. 26,307 10 0 revenue .. .. .. .. 137,453 6 1 Staff .. .. .. .. .. 67,847 9 7 Land-agents' license fees .. .. .. 1,064 0 0 Travelling allowances and expenses . • .. 8,902 19 9 License fees re King's Counsel .. .. 2 2 0 Transfer and removal expenses .. .. 1,214 13 0 Fees re Shorthand Reporters Act, 1908 .. 21 0 0 Advertising .. .. .. .. 105 17 0 Assessed rent, Patent Office and Bankruptcy.. 761 0 0 Fuel, light, &c. .. .. .. .. 3,390 1 5 Territorial revenue .. .. .. 010 0 Postage, telegrams, and rent of boxes .. 2,373 11 7 Estreated recognizances .. .. .. 100 0 0 Printing and stationery .. .. .. 4,37532 Rents .. .. .. .. .. 1,033 1 6 Typewriter repairs .. .. .. 72 16 6 Telephones .. .. .. .. 2,102 14 3 Courthouse cleaning .. .. .. 1,884 12 3 Commission on money-orders .. .. 239 13 9 Cost of inquests .. .. .. .. 3,837 17 7 Proportion cost administering licensing laws.. 44 14 9 Criminal prosecutions .. .. .. 11,81716 2 Expenses, Circuit Courts .. .. .. 515 1 6 Expenses under Juries Act, 1908 .. .. 242 14 9 Expenses under Reformatory Institutions Act, 1909 .. .. .. .. .. 2,578 17 2 Expenses under Shorthand Reporters Act, 1908 18 18 0 Subsidy, Chatham Islands steamer service .. 125 0 0 Special grants .. .. .. .. 2,690 7 0 Sundry expenses .. .. .. .. 19 7 2 Writings off Suspense Account—Fees irrecoverable .. .. .. .. 74 7 3 Depreciation .. .. .. .. 7,808 12 6 Repairs and maintenance .. .. .. 3,601 8 10 Balance, being excess income over expenditure 26,310 5 10 £196,585 12 3 £196,585 12 3 £ s. d. £ s. d. To Interest on capital .. .. .. 21,878 17 2 By Balance, being excess income over expenditure 26,310 510 Balance, being excess of income over expenditure after charging interest .. .. 4,431 8 8 £26,310 5 10 £26,310 5 10 Patent Office. Expenditure. £ s. d. Income. £ s. d. To Salaries and Head Office administration .. 4,157 011 By Revenue .. .. .. .. 12,828 10 3 Advertising .. .. .. .. 28 15 0 Fuel, light, &e. .. .. .. .. 62 15 9 Printing and stationery .. .. .. 1,400 19 2 Postage, telegrams, telephones, &c. .. .. 74 9 7 Typewriter repairs .. .. .. 5 3 0 Sundry expenses .. .. .. .. 1110 Assessed rent .. ■ • ■ • . • 650 0 0 Depreciation .. .. . • . • 61 8 3 Interest .. . • •• • • 274 8 3 Balance, being excess income over expenditure 6,111 19 4 £12,828 10 3 £12,828 10 3 Bankruptcy. £ s. d. £ s. d. To Salaries and Head Office administration .. 5,245 310 By Revenue .. .. .. .. 14,266 011 Advertising .. .. .. • • 377 18 5 Fuel, light, &c. .. ■. . • • • 52 16 7 Law costs • • • • • • • • 27 6 0 Postages, telegrams, telephones, &c. .. 402 0 7 Printing and stationery .. .. .. 260 15 4 Remuneration to Deputy Assignees .. .. 5,816 10 0 Rents .. . • • • • • • • 769 16 Transfer and removal expenses . ■ •. 44 5 1 Travelling allowances and expenses .. .. 179 12 10 Sundry expenses .. . • • • • ■ 13 2 2 Depreciation .. • ■ • • • ■ 46 13 0 Interest • • • • • • • • 39 6 3 Balance, being excess income over expenditure 1,000 14 4 £14,266 0 11 £14,266 0 11

B.—l [PT. IV, SUP.].

JUSTICE DEPARTMENT—continued. Balance-sheet as at 31st March, 1928. Liabilities. | Assets. £ s. d. £ s. d. £ s. d. Capital .. .. .. .. .. 493,168 911 Buildings and sites .. .. 447,199 5 4 Sundry creditors ".. .. .. .. 9,147 16 3 Additional .. .. .. 7,826 0 2 Depreciation reserve .. .. .. .. 53,123 11 4 455,025 5 6 Excess income over expenditure .. .. 11,544 2 4 Patent Office library .. .. .. 5,000 0 0 Office furniture and fittings .. 37,358 9 5 Additional .. .. .. 191 3 11 — 37,549 13 4 Mechanical appliances .. .. 3,452 1 4 Additional .. .. .. 135 18 8 3,588 0 0 Sundry debtors .. .. 423 17 0 Less writings off Suspense Account 74 7 3 349 9 9 Expenses paid in advance .. .. 512 10 10 Treasury Adjustment Account .. .. 64,959 0 5 £566,983 19 10 £566,983 19 10 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, 1927 ; (c) repairs and maintenance. E. 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 notes. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, SUP.].

KAURI-GUM INDUSTRY ACCOUNT. Receipts and Payments Account for Year ended 31st March, 1928. Payments. £ s. d. Receipts. £ s. d. By Wages .. .. .. .. .. 617 1 5 To Cash in Public Account, Ist April, 1927 .. 2,365 2 6 Rent .. .. .. .. .. 625 0 0 Sales of gum .. .. . •• 3,161 11 7 Insurance .. .. .. .. 161 15 4 Repayment of advances on consignments of gum 114 15' 5 Freight .. .. .. .. .. 18 19 2 Miscellaneous .. .. .. .. 0 3 1 General expenses .. .. .. .. 53 14 4 Interest on investments .. .. .. 106 14 6 Repayment of portion of advances from Consolidated Fund .. .. .. .. 4,200 0 0 Cash in Public Account at 31st March, 1928 .. 71 16 10 £5,748 7 1 £5,748 7 1 Trading Account for Year ended 31st March, 1928. £ s. d. £ s. d. To Gum on hand, Ist April, 1927 .. .. 53,152 17 0 By Sales of gum .. .. .. .. 3,161 11 7 GuA on hand, 31st March, 1928, at valuation.. 29,362 6 8 Balance —Gross loss to Profit and Loss Account 20,628 18 9 £53,152 17 0 £53,152 17 0 Profit and Loss Account for Year ended 31st March, 1928. £ s. d. j £ s. d. To Trading Account—Gross loss for year .. 20,628 18 9 By Interest on investments .. .. .. 106 14 6 Wages .... .. .. .. 447 3 3 ; Interest on investments in Public Debt RedempRent .. .. .. .. .. 500 0 0 tion Account .. .. .. .. 28 7 7 Insurance .. .. .. .. 161 15 4 ' Miscellaneous .. .. .. .. 0 3 0 Freight .. .. .. .. .. 15 10 0 I Balance —Net loss for year carried forward .. 24,783 15 8 General expenses .. .. .. .. 48 0 4 Depreciation .. .. .. .. 45 3 1 Interest on debentures .. .. .. 3,072 10 0 £24,919 0 9 £24,919 0 9 £ s. d. £ s. d. To Balance forward from previous year .. .. 23,237 12 1 By Adjustment previous year's loss .. .. 91 15 7 Balance brought down .. .. .. 24,783 15 8 Balance —Accumulated loss to 31st March, 1928 47,929 12 2 £48,021 7 9 £48,021 7 9 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Loan Account—Debentures issued .. .. 75,000 0 0 Land at face-works, &c. ; buildings, &c. .. .. 5,029 0 1 Crown Lands Account .. .. .. 500 0 0 Vacuum-tank, &c. .. .. .. .. 2,900 610 Consolidated Fund — Plant and store fittings .. .. .. 135 11 11 For advances towards purchase of £ s. d. Tools at Auckland and depots .. .. .. 26 0 6 gum .. .. .. 800 0 0 Live and dead stock .. .. .. .. 312 9 For interest paid on debentures .. 9,495 7 8 Furniture and office fittings .. .. .. 71 6 9 10,295 7 8 Gum on hand .. .. .. .. 29,362 6 8 Interest accrued but not due on debentures .. 1,262 13 5 Sacks and gum-cases on hand .. .. .. 283 13 6 Sundry creditors for — £ s. d. Gum on consignment .. .. .. .. 782 17 2 Rent .. .. .. .. 125 0 0 Advances on gum .. .. .. .. 222 0 0 Gum-purchases.. .. .. 18 5 2 Sundry debtors — £ s. d. Orders issued to sundry consignors 30 12 0 Miscellaneous .. .. .. 64 2 8 Miscellaneous .. .. .. 185 1 5 Kauri-gum Control Board .. 299 15 3 358 18 7 — 363 17 11 Reserve Account .. .. .. . . 617 13 10 Insurance premiums paid in advance .. .. 87 3 5 Investment in Public Debt Redemption Fund .. 737 17 0 Profit and Loss Account .. .. .. 47,929 12 2 Cash in Public Account .. .. .. 71 16 10 £88,034 13 6 £88,034 13 6 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I 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 Secretary of the Kauri-gum Control Board. 2. Interest on the investment in the Public Debt Redemption Fund has been compounded whereas there is no statutory provision therefor. G. F. C. Campbell, Controller and Auditor-General.

7 —B. 1 [PT. IV, SUP.].

B.—l [PT. IV, SUP.].

LABOUR DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. dTo Salaries, agents'allowances, and overtime .. 42,724 16 7 By Penalties imposed by the Court in actions Travelling allowances and expenses .. 6,768 14 8 . brought for breaches of awards and certain Motor-car, motor-cycle, and bicycles mainten- sections of Industrial Conciliation and Arbiance and repairs .. .. .. 806 2 1 tration Act, 1925, and Apprentices Act, 1923 680 8 3 Fees payable to assessors on Conciliation Sale of departmental publications .. .. 255 15 1 Councils .. .. .. .. 898 4 0 Factory registration fees .. .. .. 3,822 12 6 Advertising, supply of newspapers, &c. .. 363 5 10 Servants' registry-offices license fees .. 28 0 0 Freight, cartage, and transport charges .. 76 14 4 Weights and measures verification fees .. 7,234 9 6 Heating and lighting of offices .. .. 225 19 10 Sale of scales, &c., seized under Weights and Law-costs .. .. .. .. 12 5 7 Measures Act .. .. .. .. 5 4 5 Postage, telegrams, telephone services, &c. .. 2,102 5 5 Rent of buildings .. .. .. 78 4 0 Printing, stationery, office requisites, and type- Excess of expenditure over income before writer repairs .. .. .. .. 3,128 5 3 charging interest carried down .. .. 51,321 19 7 Rent and rates on office accommodation .. 3,849 11 11 Commission on sale of publications .. .. 55 9 11 Rates on property and repairs to building .. 19«15 10 Miscellaneous expenses .. .. .. 43 15 0 in connection with National Industrial Conference .. .. .. .. 796 6 1 Losses on realization of property .. .. 263 14 10 Provision for depreciation of assets .. .. 1,125 14 3 Bad debts .. .. .. .. 165 11 11 £63,426 13 4 £63,426 13 4 £ s. d. £ s. d. To Excess of expenditure over income before By Excess of expenditure over income .. .. 51,985 17 10 charging interest brought down .. .. 51,321 19 7 Interest on capital .. .. .. 663 18 3 £51,985 17 10 £51,985 17 10 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 41 per cent, on capital as at Ist April, 1927. Balance-sheet as at 31st March, 1928. Liabilities. Assets. Capital funds—Liability to Treasury on Capital £ s. d. Cash — £ s. d. £ s. d. Account .. .. .. .. .. 14,753 12 6 In hand .. .. .. 1 14 6 Sundry creditors —Sundry unpaid accounts .. 1,835 13 4 Deposit Accounts .. .. 325 17 1 Deposits .. .. .. .. 325 17 1 ' 327 11 7 Reserve for bad and doubtful debts .. .. 369 5 5 Official stamps .. .. .. 82 19 5 Depreciation Reserve .. .. .. 5,518 12 7 Sundry debtors .. .. .. 761 10 2 Writings-off Reserve .. .. .. 421 9 7 Office furniture, fittings, and typeTreasury Adjustment Account .. .. 45,629 4 2 writers .. .. .. 6,121 17 4 Purchased .. .. .. 496 10 4 6,618 7 8 Sold and destroyed .. .. 12 4 0 • 6,606 3 8 Motor - cars, motor - cycles, and bicycles .. .. .. 3,363 19 3 Purchased .. .. .. 119 14 10 3,483 14 1 Sold and destroyed .. .. 1,034 15 11 2,448 18 2 Library .. .. .. 1,213 3 6 Additions .. .. .. 18 9 1 1,231 12 7 Land and buildings .. .. .. 920 0 0 Standard weights and measures .. 3,134 12 5 Purchased ... .. .. 238 8 7 3,373 1 0 Sold and destroyed .. .. 113 0 3,371 8 0 Printed forms, stationery, and supplies on hand .. 305 7 5 Subscriptions and other payments in advance .. 354 10 3 Excess of expenditure over income .. .. 51,985 17 10 Writings-oif Suspense Account — £ s. d. Property .. .. .. 421 9 7 Debtors .. .. .. 36 6 0 457 15 7 £68,853 14 8 ; £68,853 14 8 15th June, 1928. 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 note. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, SUP.].

LAND ASSURANCE FUND. Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Accumulated fund as at 31st March, 1927 .. 81,534 2 2 By Expenditure under Land Transfer Act, 1915- —■ Levy under section 185, Land Transfer Act, Claims admitted under section 188 .. 225 0 0 1915 .. .. .. .. .. 55 3 2 Costs incurred under section 190 .. 14 7 0 Fees under section 4, Mortgagees Indemnity Appropriation under section 18, Finance Act, (Workers' Charges) Act, 1927 .. .. 1,110 17 0 1924, for expenses of compulsory registration Interest on investments .. .. .. 3,406 2 3 of titles .. .. .. .. 3,000 0 0 Accumulated fund as at 31st March, 1928 .. 82,866 17 7 £86,106 4 7 £86,106 4 7 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Accumulated fund as at 31st March, 1928 .. 82,866 17 7 Investments .. .. .. .. 81,600 0 0 Sundry creditors .. .. .. .. 10 15 0 Interest accrued on investments .. .. 356 5 6 Interest due and unpaid on investments .. 120 10 11 Cash in Public Account .. .. .. 800 16 2 £82,877 12 7 £82,877 12 7 17tli August, 1928. 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. LANDS AND DEEDS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. [ Income. £ s. dTo Advertising .. .. .. .. 677 14 10 jßy General fees .. .. .. .. 86,610 7 0 Draughtsmen's work .. .. .. 17,028 410 | Compulsory titles fees .. .. .. 6,580 0 0 Travelling-expenses .. .. .. 144 9 11 Income-tax registrations .. .. .. 281 7 7 Office-cleaning .. .. .. .. 74 6 1 j Land Assurance Fund .. .. .. 3,000 0 0 Binding .. .. .. .. .. 493 15 0 Salaries.. .. .. .. .. 44,201 5 5 j Postage and telephones .. .. .. 752 5 5 \ Fuel and light .. .. .. .. 388 15 3 Freight and cartage .. .. .. 45 1 4 | Relieving-allowances .. .. .. 27 16 6 Rent .. .. .. .. .. 8,395 4 0 Solicitor's admission fees .. .. .. 22 0 0 Office equipment .. .. .. 2,29811 2 Depreciation .. .. .. .. 1,198 5 6 Balance.. .. .. .. .. 20,723 19jg4 £96,471 14 7 £96,471 14 7 £ s. d. £ s. d. To Interest on capital .. .. .. 714 0 6 By Balance brought down .. .. .. 20,723 19J4 Excess of income over expenditure after j . charging interest on capital .. .. 20,009 18 10 fS £20,723 19 4 £20,723 19 4 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, 1927. Depreciation has been allowed for on balance of assets as at Ist April, 1927, the total charge being carried to Depreciation Reserve. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital as at Ist April, 1927 .. .. .. 15,867 3 6 Furniture .. .. .. 13,671 19 1 Sundry creditors .. .. .. .. 531 14 3 Additions .. .. .. 2,836 10 6 Depreciation Reserve .. .. ..5,703 102 • Writing off Suspense .. .. .. 501 13 7 16,508 9 7 Balance (excess of income over expenditure for Less disposals .. .. 51 16 4 year ending 31st March, 1928) .. .. 20,009 18 10 16,456 13 3 Mechanical appliances .. .. 1,728 15 5 Additions .. .. .. 46 14 3 1,775 9 8 Less disposals .. .. 40 0 0 1,735 9 8 Library .. .. .. .. .. 466 9 0 Treasury Adjustment .. .. .. .. 23,955 8 5 £42,614 0 4 £42,614 0 4 28th May, 1928. C. E. Nalder, Secretary for Land and Deeds. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, SUP.].

LAND FOR SETTLEMENTS ACCOUNT. Revenue Account for the Year ended 31st March, 1928. I)r. £ s. d. Or. £ s. d. To Administration expenses .. .. .. 9,569 11 1 By Rents, &c. .. .. .. .. 411,517 4 3 Charges and expenses of raising loans .. 2 2 6 Interest on sales of settlement land .. 23,945 14 11 Depreciation plant .. .. .. 196 1 6 Interest on amounts set aside under section Insurance premiums, rates, &c. ... .. 80 11 6 47, Land for Settlement Act, 1925 .. 28,296 16 8 Interest on loans .. .. .. 345,384 18 6 Interest on capital expenditure— Interest on redemptions from the Consolidated £ s. d. Fund Ordinary Revenue Account .. 4,636 13 2 Hutt Valley .. .. 12,685 .16 3 Interest under section 13, Land Laws Amend- Te Wera .. .. 3,981 3 2 ment Act, 1926 .. .. .. 60,804 19 0 16,666 19 5 Interest under section 208, Land Act, 1924.. 247 1 5 Interest on investments .. .. .. 8,309 7 5 Irrecoverable rents, &c., transferred to Interest on investments in Public Debt ReSuspense Account .. .. .. 16,790 11 8 demption Fund .. .. .. 47,646 15 9 Management charges on bonds and con- Miscellaneous .. .. .. .. 27 11 6 solidated stock .. .. .. 1,297 15 9 Rebates, rents and interest .. .. 33,317 1 0 Remissions of rent, &c. .. .. .. 4,741 5 6 Remissions of rent and rents written off under Deteriorated Lands Act, 1925 .. 4,772 8 1 Stamp duty on transfers of consolidated stock .. .. .. .. 6 3 8 Land-for-settlements vote expenses— £ s. d. Audit fees .. .. 35 0 0 Access and improvements to settlements .. 702 15 8 Maintenance office equipment .. .. 9 11 10 Miscellaneous .. .. 12 9 Preliminary expenses .. 1 12 0 Printing .. .. 3 19 6 Salaries .. .. 1,819 5 0 Telephone services .. 13 8 11 Travelling-expenses .. 166 0 11 — 2,752 16 7 Balance brought down .. .. .. 51,810 9 0 £536,410 9 11 £536,410 9 11 £ s. d. By Balance carried down .. .. .. 51,810 9 0 Balance forward from Ist April, 1927 .. 132,791 19 10 Interest on sinking funds, previous years .. 171,930 4 5 To Interest under section 13, Land Laws Amend- £ s. d. Adjustment on account previous years' rement Act, 1926, previous years .. .. 23,803 19 4 missions by Revaluation Board charged in Balance to Reserve Account .. .. 334,705 6 3 error „ .. .. .. 1,976 12 4 £358,509 5 7 £358,509 5 7

B.—l [PT. IV, SUP.].

LAND FOR SETTLEMENTS ACCOUNT —continued. Balance-sheet as at 31st March, 1928. Liabilities. Assets. Capital— £ s. d. £ s. d. Sundry Estates — £ s. d. £ s. d. Loan Account .. .. 8,366,439 12 9 Leased .. .. 8,840,820 12 3 Crown land included in Unleased .. .. 302,014 19 2 estates .. .. 208,428 0 0 8,842,835 11 5 Sales of Crown land .. 1,946,331 9 4 Unpaid purchase price (not 10,521,199 2 1 yet payable)— Deposits by lessees of Crown land under sec- Sales of settlement land.. 449,743 9 9 tion 208, Land Act, 1924 .. .. '7,445 6 1 Sales of Crown land .. 259,617 18 7 Interest on redemptions from Consolidated Buildings .. .. 80,082 5 9 Fund .. .. .. .. 4,636 13 ' 2 — 789,443 14 1 Interest on loans— £ s. d. Hutt Valley estates — Due and unpaid .. 1,185 5 6 Purchases .. .. 161,592 17 1 Accrued but not due .. 90,324 13 8 Roading .. .. 116,053 911 91,509 19 2 Incidental expenses .. 6,249 4 7 Interest under section 13, Land Laws Amend- Interest .. .. 26,773 19 2 ment Act, 1926.. .. .. .. 50,804 19 0 Payments in advance— £ s. d. 310,669 10 9 Rents .. .. 4,921 10 10 Less receipts, section 11 Principal instalments on (2) (a), Hutt Valley sales of settlement land 2,375 10 8 Land Settlement Act, Principal instalments on 1925 .. .. 95,366 11 5 buildings .. .. 84 6 2 — 215,302 19 4 Sales of Crown land .. 1,191 15 10 Te Wera Estate—Stock, implements, &c. .. 17,026 15 9 Interest on sales of settle- Opening up Crown lands for settlement (amount ment land .. .. 1,535 16 10 set aside, including interest under section 47, 10,109 0 4 Land for Settlements Act, 1925) .. .. 657,115 5 11 Sundry creditors —Miscellaneous .. .. 393 13 3 Plant and machinery .. .. .. 3,874 15 0 Rents charged in advance .. .. .. 106,848 1 5 Furniture and fittings .. .. .. 27 0 0 Depreciation Reserve .. .. .. 1,17690 Mechanical office appliances .. .. 23 0 0 Writings-off in Suspense .. *.. .. 13,556 510 Sundry debtors for — £ s. d. Reserve Account, including unexpended load- Rents, &c. .. .. 89,207 15 10 ing for roads, &c. .. .. .. 1,377,152 9 2 Less reserve .. .. 2,500 0 0 Accumulated revaluation losses written off under section 22, Finance Act, 1927 86,707 15 10 (No. 2), by discharge of liabilities — Principal instalments on Interest due on liability to sales of settlement land 7,812 9 7 Consolidated Fund for £ s. d. Principal instalments on loans redeemed .. 28,051 610 sales of Crown land .. 12,165 9 7 Consolidated Fund, for Principal instalments on loans redeemed .. 115,900 0 0 buildings .. .. 3,526 II 5 Reserve .. .. 639,654 12 8 Interest on sales of settlement land .. .. 4,630 3 2 As per contra .. .. .. .. 783,605 19 6 Interest on sales of Crown land .. .. 1,932 3 1 Interest on investments 2,753 13 9 Insurance premiums, rates, &c. .. .. 37 11 2 Miscellaneous .. .. 808 10 11 120,374 8 6 Postponements, rents .. .. .. 69,214 7 3 Interest accrued but not due .. .. 6,039 19 3 Outstanding rents, &c., Suspense .. .. 13,556 510 Revaluation Board determinations — Reductions in value of £ s. d. land .. .. 15,244 10 7 Remissions .. .. 8,674 18 9 Rents written off .. 659 11 3 24,579 0 7 Accumulated revaluation losses written off under section 22, Finance Act, 1927 (No. 2), as per contra .. .. .. .. 783,605 19 6 Investment in Public Debt Redemption Fund 1,238,816 10 4 £ s. d. Cash in Public Account .. 6,277 5 3 Investments Account .. 180,325 0 0 186,602 5 3 £12,968,437 18 0 £12,968,437 18 0 J. B. 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 : (1) The Reserve Account (£1,377,152) should be dissected to show its composition; (2) certain questions relative to the authority for writing off losses and charging of compound interest in respect of liabilities to the Consolidated Fund and also in respect of sinking-fund contributions to be set off against such liabilities are still under consideration. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, Sup.].

LAND FOR SETTLEMENTS ACCOUNT (DISCHARGED SOLDIERS SETTLEMENT ACCOUNT). Revenue Account foe Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 1,849 7 2 By Accrued rents, &o. .. .. .. 85,339 18 5 Improvements to settlements (Vote, "Ex- Accrued royalties .. .. .. 120 7 4 penses") .. .. .. .. 732 10 7 Interest on sales.. .. .. .. 639 18 3 Interest on loans .. .. .. 131,272 311 Interest on investments .. .. .. 6,813 12 1 Irrecoverable rents .. .. .. 7,933 14 4 Interest allowed on sinking-fund contributions 1,251 5 1 Losses under Deteriorated Balance carried down .. .. .. 227,903 12 10 Lands Act, 1925 — £ s. d. Reductions in value of land 18,140 0 0 Reductions in value of buildings .. .. 515 0 0 Remissions of rent .. 292 1 7 Rents written off .. 2,576 6 8 21,523 8 3 Miscellaneous expenses .. .. .. 278 7 5 Rebates .. .. .. .. 5,137 14 4 Remissions of rent .. .. .. 3,341 8 0 Reserve for losses on revaluation of properties 150,000 0 0 £322,068 14 0 £322,068 14 0 £ s. d. £ s. d. To Balance brought down .. .. .. 227,903 12 10 By Interest allowed on sinking-fund contributions Balance from previous year .. .. 289,351 17 1 to 31st March, 1927 .. .. .. 4,106 6 2 Accumulated revenue loss written off under Finance Act, 1927 (No. 2), section 22 .. 289,351 17 1 Balance carried forward .. .. .. 223,797 6 8 £517,255 9 11 £517,255 9 11 Balance-sheet as at 31st March, 1928. Liabilities. I Assets. Capital Account — £ s. d. £ s. d. Estates— £ s. d. £ s. d. Debenture Account .. 2,111,050 0 0 Leased .. .. 1,658,349 0 10 Crown lands in estates .. 5,741 0 0 Unleased .. .. 242,737 19 2 2,116,791 0 0 ——— 1,901,087 0 0 Sundry creditors — Unpaid purchase price (not yet payable)— Interest due on loans — Land .. .. .. .. .. 14,565 1 10 Consolidated Fund .. 81,628 0 4 Buildings .. .. .. .. 69,798 14 9 Due and unpaid .. 256 3 4 Mount Pisa Estate Account .. .. 112 16 8 81,884 3 8 Sundry debtors— £ s. d. Interest accrued but not due on loans .. 10,813 9 2 Rents, &c. .. .. 31,680 8 10 Miscellaneous .. .. .. . . 2,161 12 9 Less reserve for irrecoverPayments in advance — able rents .. .. 1,500 0 0 Rents .. .. .. 1,607 7 11 — 30,180 8 10 Principal instalments on buildings .. 42 4 8 Principal instalments on buildings .. 998 4 9 Principal instalments on sales of land .. 355 1 8 Principal instalments on sales of land .. 254 111 Sales of land .. .. .. .. 45 0 0 Interest on sales of land .. .. 261 6 1 Interest on sales of land .. .. 33 15 9 Interest on purchase price, Mataikona Estate 28,149 0 3 Amounts charged in advance — Interest on investments .. .. .. 260 5 3 Rents .. .. .. .. 20,015 17 4 Miscellaneous .. .. .. .. 84 13 2 Interest .. .. •. • • 40 0 0 Bills receivable—Glencoe Settlement Drains Writings-off in Suspense .. .. .. 5,858 10 5 Account .. .. .. .. 240 0 0 Reserve for losses on revaluation of properties 150,000 0 0 Postponements outstanding— Reserve .. .. .... 90,930 8 2 Rent .. .. .. .. .. 42,288 9 4 Accumulated losses written off under section 22 Principal instalments on buildings .. 800 7 7 of the Finance Act, 1927 (No. 2) — Interest on sales .. .. .. 129 2 10 Remission of interest due £ s. d. Interest accrued but not due on— to Consolidated Fund .. 466,229 7 6 Sales of land .. .. .. .. 144 6 3 Reduction of Capital Ac- Investments .. .. .. .. 799 9 0 count .. .. 1,011,000 0 0 Losses in Suspense Account .. .. 5,858 10 5 Against Reserve Account 26,975 7 0 Depreciation in land-values, &e. .. .. 60,543 13 6 — Revaluation Board determinations, & c.—As per contra .. .. .. 1,504,204 14 6 Reduction in value of £ s. d. land .. .. 11,002 7 8 Reduction in value of buildings .. .. 162 18 5 Rents written off .. 523 15 7 Remissions .. .. 4,113 19 7 15,803 1 3 Accumulated losses written off under section 22 of the Finance Act, 1927 (No. 2) — Revenue Account —Loss to £ s. d. 31st March, 1927 .. 289,351 17 1 Depreciation of land-values 115,362 14 11 Revaluation Board reductions .. .. 1,099,490 2 6 As per contra .. .. .. .. 1,504,204 14 6 Revenue Account .. .. .. 223,797 6 8 Investment in Public Debt Redemption Fund 32,532 12 11 Cash in Public Account .. 6,889 18 3 Investment Account .. 45,000 0 0 51,889 18 3 £3,984,783 6 0 £3,984,783 6 0 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Receipts and Payments, Revenue Account, and Balance-sheet have been duly examined and compared witli the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. The following comment is appended : Interest on the amount held in the Public Debt Redemption Fund has been compounded, whereas there is no statutory provision therefor. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, SUP.].

LANDS AND SURVEY DEPARTMENT. BLUFF HARBOUR ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. d. To Balance in Local Bodies' Deposit Bank By Administration expenses paid to Consolidated Account of Receiver of Land Revenue, Fund under section 4, Land Laws AmendInvercargill, on Ist April, 1927 .. .. 470 0 4 ment Act, 1927 .. .. .. 34 10 6 Rents .. .. ... .. .. 1,253 15 8 Payments to Bluff Harbour Board under section 132, Harbours Act, 1923 .. .. 1,143 10 8 Balance in Local Bodies' Deposit Bank Account of Receiver of Land Revenue, Invercargill, at 31st March, 1928 ... .. ... 545 14 10 £1,723 16 0 £1,723 16 0 Revenue Account for the Year ended 31st March, 1928. Dr. £, s. d. Or. £ s. d To Administration expenses due to Consolidated By Accrued rents .. .. .. .. 1,281 11 8 Fund under section 4, Land Laws Amend- Balance forward from previous year .. 268 6 8 ment Act, 1927 .. .. .. 62 13 9 Amount due to Bluff Harbour Board under section 132, Harbours Act, 1923 .. 1,143 10 8 Balance carried forward .. .. .. 343 13 11 £1,549 18 4 £1,549 18 4 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 30,028 16 9 Leased land .. .. .. .. 30,028 16 9 Sundry creditors for administration expenses .. 28 3 3 Sundry debtors for rent .. .. .. 360 6 0 Rents charged in advance .. .. .. 534 3 8 Cash in Local Bodies' Deposit Bank Account of Revenue Account .. .. .. .. 343 13 11 Receiver of Land Revenue, Invercargill .. 545 14 10 £30,934 17 7 £30,934 17 7 ■J. B. Thompson, Under-Secretary for Lands. 2nd May, 1928. 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 comment is appended : A full year's administration charge is included in the Revenue Account, whereas the Act authorized the charge from the 11th November, 1927, only. I understand, however, that legislation will be promoted to place the matter in order. —G- F. C. Campbell, Controller and AuditorGeneral. CLUTHA RIVER TRUST ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Reteip's. £ s. d. j Payments. £ s. d. To Cash in Local Bodies' Deposit Account of I By Amount paid to trustees of Clutha River Trust Receiver of Land Revenue, Dunedin, at Ist j under section 128, River Boards Act, 1908 1,141 6 3 April, 1927 .. .. .. .. 58 16 8 j Administration expenses paid to Consolidated Rents .. .. .. • • • • • 1,139 9 0 Fund under section 4, Land Laws Amendment Act, 1927 .. .. .. 56 19 5 £1,198 5 8 £1,198 5 8 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Amount paid to trustees of Clutha River Trust By Balance brought forward from previous year.. 94 11 6 under section 128, River Boards Act, 1908 1,141 6 3 Accrued rent .. .. .. .. 1,130 12 9 Administration expenses payable to Consolidated Fund under section 4, Land Laws Amendment Act, 1927 .. .. .. 56 19 5 Balance carried forward .. .. .. 26 18 7 £1,225 4 3 £1,225 4 3 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. •• 27,398 4 2 Endowment lands .. .. .. .. 27,398 4 2 Rents charged in advance .. .. .. 514 14 7 Sundry debtors for rent .. .. .. 541 13 2 Revenue Account —Balance carried forward .. 26 18 7 £27,939 17 4 £27,939 17 4 J. B. Thompson, Under-Secretary for Lands. 23rd April, 1928. 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 : A full year's administration charge is included in the Revenue Account, whereas the Act authorized the charge from the 11th November, 1927, only. I understand however, that legislation will be promoted to place the matter in order. —G. F. C. Campbell, Controller and AuditorGeneral.

B.—l [PT. IV, Sup.].

LANDS AND SURVEY DEPARTMENT—continued. GERALDINE COUNTY RIVER DISTRICT ACCOUNT. Receipts and Payments Account fob the Year ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. d. To Cash in the Local Bodies' Deposit Account of By Amount paid to Geraldine County River Board Receiver of Land Revenue, Christchurch, at Ist under Geraldine County River District Act, April, 1927 .. .. . . .. 117 14 7 1921-22 .. .. .. .. .. 326 9 7 Rents .. .. .. .. .. 222 16 7 Amount paid to Consolidated Fund on account of administration expenses under section 4, Land Laws Amendment Act, 1927 .. .. 14 1 7 £340 11 2 £340 11 2 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Or. £ s. d. To Payments to Geraldine County River Board under By Balance brought forward from previous year .. 45 5 7 section 7, Geraldine County River District Act, Accrued rent .. .. .. .. 222 16 10 1921-22 .. .. .. .. .. 326 9 7 Balance carried forward .. .. .. 72 8 9 Administration expenses payable to Consolidated Fund under section 4, Land Laws Amendment Act, 1927 .. .. .. .. 14 1 7 £340 11 2 £340 11 2 1 ====— Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 4,602 16 8 Land .. .. .. .. .. 4,602 16 8 Sundry creditors for rents paid in advance .. 7 3 0 Sundry debtors for rent .. .. .. 4 6 0 Rents charged in advance .. .. .. 69 11 9 Revenue Accounts —Balance carried forward .. 72 8 9 £4,679 11 5 £4,679 11 5 J. B. Thompson, Under-Secretary for Lands. 16th April, 1928. 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 : A full year's administration charge is included in the Revenue Account, whereas the Act authorized the charge from the 11th November, 1927, only. I understand, however, that legislation will be promoted to place the matter in order.—G. P. C. Campbell, Controller and AuditorGeneral. GORE HIGH SCHOOL ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. £ s. d. Paymenis. £ s. d. To Rents .. .. .. .. .. 65 0 0 By Administration expenses paid to Consolidated Fund under section 4, Land Laws Amendment Act, 1927 .. .. .. .. ..350 Payment to Board of Governors of Gore High School under section 89, Reserves and other Lands Disposal and Public Bodies Empowering Act, 1919 32 10 0 Balance —Cash in the Local Bodies' Deposit Account of Receiver of Land Revenue, Invercargill .. 29 5 0 £65 0 0 £65 0 0 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Gr. £ s. d. To Balance brought forward from previous year .. 16 5 0 By Accrued rent.. ... .. .. .. 65 0 0 Administration expenses due to Consolidated Fund under section 4, Land Laws Amendment Act, 1927 3 5 0 Amount paid to Board of Governors of Gore High School under section 89, Reserves and other Lands Disposal and Public Bodies Empowering Act, 1919 .. .. .. .. .. 32 10 0 Balance carried forward .. .. ..1300 £65 0 0 £65 0 0 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 1,300 0 0 Land .. .. .. .. 1,300 0 0 Rents charged in advance .. .. .. 16 5 0 Cash in the Local Bodies' Deposit Account of Revenue Account —Balance carried forward .. 13 0 0 Receiver of Land Revenue, Invercargill .. 29 5 0 £1,329 5-0 £1,329 5 0 J. B. Thompson, Under-Secretary for Lands. 2nd May, 1928. 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 : A full year's administration charge is included in the Revenue Account, whereas the Act authorized the charge from the 11th November, 1927, only. I understand, however, that legislation will be promoted to place the matter in order, —G. F. C. Campbell, Controller and AuditorGeneral.

B.—l [PT. IV, SUP.].

LANDS AND SURVEY DEPARTMENT—continued. GREYMOUTH TECHNICAL AND HOKITIKA HIGH SCHOOLS ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. d. To Balance, Ist April, 1927—Cash in Treasury Deposit By Administration expenses (section 4, Land Laws Account .. .. .. .. .. 109 15 4 Amendment Act, 1927) .. .. .. 3 11 3 Rents .. .. .. .. .. 123 16 9 Payment to Hokitika High School (section 15, Royalties .. .. .. .. .. 916 8 Hokitika High School Act, 1883) .. .. 92 19 6 Payment to Greymouth Technical School (section 49, Reserves, &c., Act, 1925) .. .. 92 19 6 Balance—Cash in Treasury Deposit Account .. 53 18 6 £243 8 9 £243 8 9 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Or. £ s. d. To Administration expenses (section 4, Land Laws By Balance brought down .. .. .. 82 13 4 Amendment Act, 1927) .. .. .. 614 2 Accrued royalties .. .. .. . . 284 2 4 Payment to Hokitika High School (section 15, Accrued rents .. .. .. .. 138 8 9 Hokitika High School Act, 1883) .. .. 92 19 6 Payment to Greymouth Technical School (section 49, Reserves, &c., Act, 1925) .. .. 92 19 6 Balance carried down .. .. .. 312 11 3 £505 4 5 £505 4 5 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital .. .. .. .. .. 10,144 0 0 Land leased .. .. .. 2,480 0 0 Sundry creditors for— Land unleased .. .. .. 7,664 0 0 Rents paid in advance .. .. .. 6 12 6 .—- — —. 10,144 0 0 Miscellaneous .. .. .. .. 3 211 Sundry debtors for rent .. .. .. 44 4 0 Rents charged in advance .. .. .. 50 0 0 Sundry debtors for royalties .. .. .. 274 4 2 Revenue Account .. .. .. .. 312 11 3 Cash—Treasury Deposit Account .. .. 53 18 6 £10,516 6 8 • £10,516 6 8 J. B. Thompson, Under-Secretary for Lands. 29th May, 1928. 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 : A full year's administration charge is included in the Revenue Account, whereas the Act authorized the charge from the 11th November, 1927, only. 1 understand, however, that legislation will be promoted to place the matter in order. —G. F. C. Campbell, Controller and AuditorGeneral. HUNTER SOLDIERS' ASSISTANCE TRUST ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. Payments. £ s. d. To Balance at Ist April, 1927— £ s. d. £ s. d. By Administration expenses .. .. 36 1 0 Cash in Public Account .. 684 8 11 "Thirds," "fourths," ".halves," &c., paid over Investment Account .. 3,050 0 0 to local bodies .. .. .. 103 7 4 3,734 811 Balance at 31st March, 1928— £ s. d. Rents .. .. .. .. 720 18 0 Cash in Public Account .. 428 16 11 Interest on securities held by Investment Account 162 18 4 Investment Account .. 4,050 0 0 — 4,478 16 11 £4,618 5 3 £4,618 5 3 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 36 1 0 By Accrued rents .. .. .. .. 801 0 0 Rebates .. .. .. .. .. 80 2 0 Interest on investments .. .. .. 178 6 6 " Thirds," " fourths," Sc. .. .. .. 103 7 4 Balance .. .. .. .. .. 759 16 2 £979 6 6 ' £979 6 6 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. ..22,156 1 5 Land endowed by Sir George Hunter .. .. 17,800 0 0 Rents charged in advance .. .. .. 200 5 0 Postponed rents .. .. .. .. 791 6 0 Revenue Account .. .. .. .. 759 16 2 Sundry debtors for interest on investments (accrued but not due) .. .. .. .. 45 19 8 Cash — £ s. d. Public Account .. .. 428 16 11 Investment Account .. .. 4,050 0 0 4,478 16 11 £23,116 2 7 £23,116 2 7 J. B. Thompson, Under-Secretary for Lands. 19th May, 1928. .1. 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.

B—B.8 —B. 1 [PT. IV, SUP.].

B.—l [PT. IV, SUP.].

LANDS AND SURVEY DEPARTMENT—continued. MOUMAHAKI ENDOWMENT ACCOUNT. Receipts and Payments Account foe the Year ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. dTo Balance of cash in Deposits Account at Ist By Administration expenses .. .. .. 15 0 4 April, 1927— Expenditure in connection with agricultural Revenue .. .. .. 1,810 11 5 instruction under section 130 (3), Reserves, Capital .. .. 733 1 4 &c., Act, 1924 .. .. .. .. 1,104 13 11 — ——-—- 2,543 12 9 Balance —Cash in Deposit Account Rents .. .. .. .. .. 1,488 0 9 at 31st March, 1928—■ £ s. d. Revenue .. .. .. 2,178 17 11 Capital .. .. .. 733 1 4 2,911 19 3 £4,031 13 6 £4,031 13 6 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Administration expenses (section 4, Land Laws By Balance brought forward .. .. .. 2,395 9 0 Amendment Act, 1927) .. .. .. 74 8 0 Accrued rent, &c. .. .. .. 1,614 14 1 Expenditure in connection with agricultural instruction under section 130 (3), Reserves, &c., Act. 1924 .. .. .. .. 1,208 13 11 Balance carried forward .. .. .. 2,727 1 2 £4,010 3 1 £4,010 3 1 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 36,247 14 8 Land—Capital value of leases .. .. 33,780 0 0 Sundry creditors (miscellaneous) .. .. 163 7 8 Sundry debtors—Sales of buildings (not yet payable) 1,645 15 5 Rents charged in advance .. .. .. 327 16 8 Sundry debtors for principal instalments on Revenue account surplus .. .. .. 2,727 1 2 buildings .. .. .. .. 88 17 11 Sundry debtors for rents .. .. .. 1,039 7 7 Cash in Treasury Deposit Account, 31st March, 1928 £ s. d. | Revenue .. .. ..2,178 17 11 Capital .. .. .. 733 1 4 2,911 19 3 £39,466 0 2 £39,466 0 2 ■ ! J. B. Thompson, Under-Secretary for Lands. 19th May, 1928. 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 : A full year's administration charge is included in the Revenue Account, whereas the Act authorized the charge from the 11th November, 1927, only. I understand, however, that legislation will be promoted to place the matter in order.—G. F. C. Campbell, Controller and AuditorGeneral. NEW ZEALAND UNIVERSITY ENDOWMENT (WESTLAND) ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. , Payments. To Balance, Ist April, 1927— £ s. d. £ s. d. ! By Balance— • £ s. d. Cash in Treasury Deposit Account 186 3 5 Cash in Treasury Deposit Account .. 274 13 5 Cash on investment .. 1,900 0 0 Cash on investment .. .. 1,900 0 0 2,086 3 5 Rents .. , .. .. .. 300 Interest on investments .. .. .. 85 10 0 £2,174 13 5 ; £2,174 13 ~5 i — | Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. ' Cr. £ s. d. To Administration expenses .. .. .. 0 3 0 By Accrued rents .. .. .. .. 510 0 Balance transferred to Capital Account .. .. 91 0 11 I Interest accrued on investments .. .. 85 13 11 £91 3 11 £91 3 11 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. £ s. d. I Assets. £ s. d. Capital, Ist April, 1927 .. .. 2,218 6 6 I Land .. .. .. .. .. 110 0 0 Add surplus for year .. 91 Oil | Interest on investments (accrued but not paid) .. 24 19 6 2,309 7 5 Sundry debtors for rent .. .. ~ 210 0 Rents charged in advance .. .. .. 212 6 Cash — £ s. d. Sundry creditors .. .. .. .. 030 Treasury Deposit Account .. 274 13 5 | On investment .. .. 1, 900 0 0 2,174 13 5 £2,312 2 11 , £2,312 2 11 I , i J. B. Thompson, Under-Secretary for Lands. 23rd May, 1928. 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.

B.—l [PT. IV, SUP.].

LANDS AND SURVEY DEPARTMENT—continued. NORTH ISLAND EXPERIMENTAL DAIRY SCHOOL ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. d. To Balance in Deposit Account, Treasury, at Ist By Balance in Deposit Account, Treasury .. 7.833 5 11 April, 1927 .. .. .. .. 7.588 5 11 Rents .. .. .. .. .. 245 0 0 £7,833 5 11 £7,833 5 11 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Administration expenses due to Consolidated By Balance carried forward, Ist April, 1927 .. 7,537 12 5 Fund under section 4, Land Laws Amend- Accrued rent .. .. .. .. 245 0 0 merit Act, 1927 .. .. .. 12 5 0 Balance carried forward from 31st March, 1928 7,770 7 5 £7,782 12 5 £7,782 12 5 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. 4,900 0 0 Leased land .. .. .. .. .. 4,900 0 0 Sundry creditors for administration expenses .. 12 5 0 Sundry debtors for rent .. .. .. 10 11 6 Rents charged in advance .. .. .. 61 5 0 Cash in Deposit Account, Treasury .. .. 7,833 511 Revenue Account— £ s. d. Balance, Ist April, 1927 .. 7,537 12 5 Surplus for year .. .. 232 15 0 7,770 7 5 £12,743 17 5 £12,743 17 5 J. B. Thompson, Under-Secretary for Lands. 9th May, 1928. 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 : A full year's administration charge is included in the Revenue Account, whereas the Act authorized the charge from the 11th November, 1927, only. I understand, however, that legislation will be promoted to place the matter in order. —G. F. C. Campbell, Controller and AuditorGeneral. OTAGO BOYS' AND GIRLS' HIGH SCHOOLS ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. d. To Balance in Local Bodies' Deposit Account of By Administration expenses paid to Consolidated Receiver of Land Revenue, Dunedin, at Ist Fund under section 4, Land Laws Amendment April, 1927 .. .. .. 38 10 2 Act, 1927 .. .. .. .. 20 5 9 Rents .. .. .. .. .. 409 4 6 Payments to Otago Boys' and Girls' High Schools Board of Governors .. .. .. 424 0 2 Balance in the Local Bodies' Deposit Account of Receiver of Land Revenue, Dunedin, at 31st March, 1928 .. .. .. .. 3 8 9 £447 14 8 . £447 14 8 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Balance forward from previous year .. .. 63 15 11 By Accrued rents .. .. .. .. 409 4 6 Administration expenses due to Consolidated Balance carried forward .. .. .. 99 0 9 Fund under section 4, Land Laws Amendment Act, 1927 .. .. .. .. 20 9 2 Amount due to Otago Boys' and Girls' High Schools Board of Governors .. .. 424 0 2 £508 5 3' £508 5 3 Balance-sheet as at 31st March, 1928. Liabilities. " £ s. d. Assets. £ s. d. Capital .. .. .. .. •• 8,439 10 10 Leased land .. .. .. .. .. 8,439 10 10 Sundry creditors for administration expenses .. 03 5 Revenue Account—Balance carried forward .. 99 0 9 Rents charged in advance .. .. .. 102 6 1 Cash in Local Bodies' Deposit Account of Receiver of Land Revenue, Dunedin .. .. .. 3 8 9 £8,542 0 4 £8,542 0 4 J. B. Thompson, Under-Secretary for Lands. 2nd May, 1928. 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 : A full year's administration charge is included in the Revenue Account, whereas the Act authorized the charge from the 11th. November, 1927, only. I understand, however, that legislation will be promoted to place the matter in order.—G. F. C. Campbell, Controller and AuditorGeneral.

13.—1 [PT. IV, SUP.].

LANDS AND SURVEY DEPARTMENT—continued. OTAGO UNIVERSITY ENDOWMENT ACCOUNT. Receipts and Payments Account fop. the Year ended 31st March, 1928. Receipts. Payments. To Cash on hand, Ist April, 1927— By Deductions for loans under section 47, Land for £ s. d. In the Local Bodies' Deposit Settlements Act, 1925 .. .. .. 145 17 3 Account of the Receiver of Administration expenses .. .. .. 171 0 4 Land Revenue at— £ s. d. £ s. d. Repayment to Consolidated Fund on account of Dunedin .. .. 1,848 8 4 amount paid for compensation for improveInvercargill .. .. 559 14 0 ments .. .. .. .. .. 87 1 11 2,408 2 4 Amount paid to the Otago University Council Rents, &c. .. .. .. .. 6,744 2 7 under section 118 (1), Reserves, &c., Act, 1917 6,870 14 2 Royalties .. .. .. .. 51 10 9 Amount paid to the Dunedin Athenaaum under Otago Museum Act, 1877 .. .. 131 14 0 Cash on hand, 31st March, 1928 — In the Local Bodies' Deposit Account of the Receiver of Land Revenue at— £ s. d. Dunedin .. .. 1,183 12 7 Invercargill .. .. 613 15 5 1,797 8 0 £9,203 15 8 £9,203 15 8 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 169 7 1 By Accrued rent .. .. .. .. 7,386 10 8 Deductions for loans under section 47, Land for Accrued royalties .. .. .. .. 51 10 9 Settlements Act, 1925 .. .. .. 145 17 3 Balance carried down .. .. .. 287 15 0 Amount paid to the Otago University Council under section 118 (1), Reserves and other Lands, &c., Act, 1917 .. .. .. 6,870 14 2 Amount paid to the Dunedin Athenaeum under Otago Museum Act, 1877 .. .. 131 14 0 Remissions of rent granted consequent upon determinations of Dominion Revaluation Board under Discharged Soldiers Settlement Amendment Act, 1923 .. .. .. 60 0 0 Rents written off consequent upon determinations of Dominion Revaluation Board under Discharged Soldiers Settlement Amendment Act, 1923 .. .. .. .. 261 2 0 Reserve Account—Appropriation of revenue for amounts repaid to Consolidated Fund on account of compensation for improvements.. 87 1 11 £7,725 16 5 £7,725 16 5 £ s. d. £ s . d. To Balance brought down .. .. .. 287 15 0 By Balance brought down from previous year .. 1,423 15 3 Balance carried forward .. .. .. 1,136 0 3 £1,423 15 3 £1,423 15 3 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 129,574 0 0 Endowment land .. .. .. .. 129,574 0 0 Consolidated Fund—For compensation paid for Sundry debtors for rent .. .. .. 2,592 5 8 improvements effected by lessee on endowment • Rent postponed .. .. .. .. 103 13 0 land .. .. .. .. .. 572 3 1 Sundry debtors for unpaid purchase price of Rents charged in advance .. .. .. 3,031 1 0 buildings (not yet due) .. .. .. 448 12 6 Revenue Account—Balance carried forward .. 1,136 0 3 Sundry debtors for principal instalments on Reserve Account .. .. .. .. 240 1 11 buildings .. .. .. .. 37 7 1 Cash on hand, 31st March, 1928 — In the Local Bodies' Deposit Account of the Receiver of Land Revenue at— £ =j. d. Dunedin .. .. .. 1,183 12 7 Invercargill .. .. 613 15 5 ■ 1,797 8 0 £134,553 6 3 £134,553 6 3 J. B. Thompson, Under-Secretary for Lands. Bth May, 1928. 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.

B.—l [PT. IV, SUP.].

LANDS AND SURVEY DEPARTMENT—continued. ROTORUA COLLEGE AND GRAMMAR SCHOOL ACCOUNT. Receipts and Payments Account foe the Year ended 31st March, 1928. Receipts. Payments. £ s. d. To Balance, Ist April, 1927— £ s. d. £ s. d. By Refunds of rents .. .. .. .. 290 211 Cash in Public Account .. 2,426 12 9 Payments under section 12 (2) (a), Beserves, Cash in Investment Account.. 4,700 0 0 &0., Act, 1926 .. .. .. .. 7,040 13 10 7,126 12 9 Balance, 31st March, 1928— Rents .. .. .. .. 93 14 0 Cash in Public Account .. .. .. 20 17 0 Interest on investments .. .. 131 7 0 £7,351 13 9 £7,351 13 9 Revenue Account for the Year ended 31st'March, 1928. £ s. d. | £ s. d. To Balance transferred to accumulated funds .. 189 5 6 By Accrued rents .. .. .. .. 87 16 0 Interest on investments .. .. .. 101 9 6 £189 5 6 ; £189 5 6 Balance-sheet as at 31st March, 1928. Liabilities. ■ ylssete. £ s. d. Accumulated funds—To be disbursed under sec- Overpayment to Secondary Education Deposit Action 12 (2) (a), Reserves, &c., Act, 1926, for count, Auckland Provincial District (being the erection of a secondary school at Rotorua— repaid by annual instalments) .. .. 3,842 8 0 £ s. d. £ s. d. Cash in Public Account, 31st March, 1928 .. 20 17 0 Balance, Ist April, 1927 .. 10,714 13 4 Transferred from Revenue Account 189 5 6 10,903 18 10 Less payments under section 12 (2) (a), Reserves, &c., Act, 1926 .. .. .. 7,040 13 10 3,863 5 0 £3,863 5 0 £3,863 5 0 J. B. Thompson, Under-Secretary for Lands. 25th June, 1928. 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. TARANAKI SCHOLARSHIP ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. d. To Balance 'in Treasury Deposit Account at Ist By Payments to Public Trustee in terms of secApril, 1927 .. .. .. .. 460 15 6 tion 22, New Zealand University Amendment Rents .. .. .. .. .. 1,014 16 9 Act, 1914 .. .. .. .. 989 15 9 Balance —Cash in Treasury Deposit Account on 31st March, 1928 .. .. .. 485 16 6 £1,475 12 3 £1,475 12 3 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Payments to Public Trustee in terms of sec- By Balance brought forward .. .. .. 247 18 3 tion 22, New Zealand University Amendment Accrued rent .. .. .. .. 989 15 0 Act, 1914 ... 989 15 9 Administration expenses payable to Consolidated Eund in terms of section 22, New Zealand University Amendment Act, 1914 .. 50 14 10 Balance carried forward .. .. .. 197 2 8 £1,237 13 3 £1,237 13 3

B.—l [PT. IV, SUP.].

LANDS AND SURVEY DEPARTMENT—continued. TARANAKI SCHOLARSHIP ENDOWMENT ACCOUNT—continued. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 19,793 0 0 Endowment land .. .. .. .. 19,793 0 0 Sundry creditors for rents paid in ad- Sundry debtors for rent .. .. .. 9 13 vance .. .. .. .. 0 0 3 Cash in Treasury Deposit Account .. .. 485 16 6 Administration expenses payable to Consolidated Eund .. .. .. 50 14 10 50 15 1 Rents charged in advance .. .. .. 247 0 0 Revenue Account—Balance carried forward .. 197 2 8 £20,287 17 9 £20,287 17 9 J. B. Thompson, Under-Secretary for Lands. 9th May, 1928. 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-C4eneral. VICTORIA COLLEGE ENDOWMENT ACCOUNT. Receipts and Payments Account foe the Year ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. d. To Balance—Cash in Local Bodies' Deposit Account By Administration expenses paid to the Consolidated of the Receiver of Land Revenue, Wellington, Fund in terms of section 39, Victoria College at Ist April, 1927 .. .. .. .. 44 10 0 Act, 1905 .. .. .. .. 613 6 Rents .. .. . - ■ • • • 44 10 0 Amount paid over to Victoria University College under sections 38 and 39, Victoria College Act, 1905 .. .. .. .. 82 6 6 £89 0 0 £89 0 0 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Or. £ s. d. To Administration expenses payable under section 39, By Balance brought forward from previous year .. 176 511 Victoria College Act, 1905 . . .. .. 2 4 6 Accrued rents .. .. .. .. 197 17 1 Amount paid to Victoria University College in terms of sections 38 and 39, Victoria College Act, 1905.. .. .. .. ■■ 82 6 6 Balance carried forward .. .. .. 289 12 0 £374 3 0 £374 3 0 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. ... •• 3,965 0 0 Leased land .. .. .. .. .. 3,965 0 0 Writings-off in Suspense .. .. .. 174 9 4 Sundry debtors for rent .. .. .. 372 12 0 Rents charged in advance .. .. .. 83 0 0 Losses in Suspense .. .. .. .. 174 9 4 Revenue Account —Balance carried forward .. 289 12 0 £4,512 1 4 1 4 J. B. Thompson, Under-Secretary for Lands. 18th April, 1928. 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.

P>. —1 [PT. IV, Sup.].

LANDS AND SURVEY DEPARTMENT—continued. WAIROA HARBOUR ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. d. To Balance—Cash in Local Bodies' Deposit Account ; By Administration expenses .. .. .. 7 12 7 of Receiver of Land Revenue, Gisborne, at Ist ! Deductions for " thirds " and " fourths " under April, 1927 .. .. .. .. 25 10 7 Land Act, 1924 .. .. .. .. 46 18 1 Rents .. .. .. .. .. 163 12 2 Payments to the Wairoa Harbour Board under section 31, Reserves, &c., Act, 1915 .. .. 63 10 3 Balance in the Local Bodies' Deposit Account of the Receiver of Land Revenue, Gisborne .. 71 1 10 £189 2 9 £189 2 9 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 7 12 7 By Accrued rent .. .. .. .. 139 10 0 Amount paid to Wairoa Harbour Board under section 31, Reserves, &c., Act, 1915 .. 63 10 3 Rebates of rent .. .. .. .. 9 0 4 " Thirds," " fourths," &c., deducted under section 136, Land Act, 1924 .. .. .. 46 18 1 Balance carried down .. .. .. 12 8 9 £139 10 0 £139 10 0 £ s. d. £ s. d. To Balance carried forward .. .. .. 85 910 By Balance brought forward .. .. .. 12 8 9 Balance brought down from previous year .. 52 19 7 Adjustment on account previous year—Recovery of overstated " thirds" .. .. .. 20 1 6 £85 9 10 ' £85 9 10 Balance-sheet as at 31st March, 1928. 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 .. .. .. 14 17 0 Revenue Account —Balance carried forward .. 85 910 Postponed rent .. .. .. .. 34 8 € Cash in the Local Bodies' Deposit Account of the Receiver of Land Revenue, Gisborne .. .. 71 1 10 £3,220 7 4 £3,220 7 4 J. B. Thompson, Under-Secretary for Lands. 20th July, 1928. 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. WAIPIATA-HAMILTONS LIBRARY ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. JReceipts. £ s. d. Payments. £ s. d. To Cash in the Local Bodies' Deposit Account of By Payment to trustees of Waipiata-Hamiltons Receiver of Land Revenue, Dunedin, at Ist Library under section 93, Reserves and other April, 1#27 .. .. .. .. 6 10 Lands Disposal and Public Bodies Empowering Rents .. .. .. .. .. 13 10 8 Act, 1917.. .. .. .. .. 18 18 2 Payment of administration expenses to Consolidated Fund under section 4, Land Laws Amendment Act, 1927 .. .. .. 0 13 6 £19 11 8 £19 11 8

B. —1 [PT. IV, Sup.].

LANDS AND SURVEY DEPARTMENT—continued. WAIPIATA-HAMILTON LIBRARY ENDOWMENT ACCOUNT—continued. Revenue Account for the Year ended 31st March, 1928. Dr. £ a. d. Cr. £ s. d. To Amount paid to trustees of Waipiata-Hamiltons By Balance brought forward from previous year .. 3 7 8 library under section 93, Reserves and other Accrued rent .. .. .. .. 13 10 8 Lands Disposal and Public Bodies Empowering Balance carried forward .. .. .. 2 13 4 Act, 1917.. .. .. .. .. 18 18 2 Administration expenses paid to Consolidated Fund under section 4, Land Laws Amendment Act, 1927.. .. .. .. .. 0 13 6 £19 11 8 £19 11 8 Balance-sheet as at 31st March, 1928. 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 .. .. .. .. 0144 Revenue Account—Balance carried forward .. 2 13 4 £342 0 10 £342 0 10 J. B. Thompson, Under-Secretary for Lands. 23rd April, 1928. 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 : A. full year's administration charge is included in the Revenue Account, whereas the Act authorized the charge from the 11th November, 1927, only. I understand, however, that legislation will be promoted to place the matter in order. - G. F. C. Campbell, Controller and AuditorGeneral . WANGANUI HARBOUR ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. d. To Balance—Cash in Local Bodies' Deposit Account By Payments to Wanganui Harbour Board under of Receiver of Land Revenue, Wellington, at Ist Wanganui Harbour Endowment, &e., Act, 1877 35 17 0 April, 1927 .. .. .. .. 20 17 6 Administration expenses paid to the Consolidated Rents .. .. .. .. 47 18 9 Fund under section 4, Land Laws Amendment Act, 1927.. .. .. .. .. 2 7 11 Balance—Casli in Local Bodies' Deposit Account of Receiver of Land Revenue, Wellington .. 30 11 4 £68 16 3 £68 16 3 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Payments to Wanganui Harbour Board under By Balance brought forward from previous year .. 11 10 10 Wanganui Harbour Endowment, &c., Act, 1877 35 17 0 Accrued rents .. .. .. .. 46 14 5 Administration expenses paid to Consolidated Fund under section 4, Land Law's Amendment Act, 1927 .. .. .. .. .. 2 7 11 Balance carried forward .. .. .. 20 0 4 £58 5 3 £58 5 3 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. j Assets. £ s. d. Capital .. .. .. .. 1,080 0 0 ! Leased land .. .. .. .. 1,080 0 0 Sundry creditors for rents paid in advance .. 010 0 Sundry debtors for rent .. .. .. 019 0 Rents charged in advance .. .. .. 110 0 Cash in Local Bodies' Deposit Account of Receiver Revenue Account —Balance carried forward .. 20 0 4 of Land Revenue, Wellington .. .. 30 11 4 £1,111 10 4 £1,111 10 4 * J. B. Thompson, Under-Secretary for Lands. 18th April, 1928. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, Revenue Account, and Balance-sheet have been didy 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 : A full year's administration charge is included in the Revenue Account, whereas the Act authorized the charge from the 11th November, 1927, only. I understand, however, that legislation will be promoted to place the matter in order.— G. F. C. Campbell, Controller and AuditorGeneral.

B.—l [PT. TV, SUP.].

LANDS AND SURVEY DEPARTMENT—continued. WANGANUI RIVER TRUST ACCOUNT. Receipts and Payments Account foe the Year ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. d. To Balance in the I.ocal Bodies' Deposit Account By Administration expenses paid to Consolidated Fund oi the Receiver of Land Revenue, Wellington, under section 6, Wanganui River Trust Act, 1891 51 11 3 at Ist April, 1927 .. .. .. .. 235 9 1 Amount paid over to Wanganui River Trust under Rents .. .. .. .. .. 378 13 4 Wanganui River Trust Act, 1891 .. .. 540 9 0 Refunds of revenue .. .. .. .. 7 19 6 " Thirds," " fourths," &c. .. ..419 Balance in Local Bodies' Deposit Account of the Receiver of Land Revenue, Wellington .. 10 011 £614 2 5 £614 2 5 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. i Gr. £ s. d. To Administration expenses due to the Consolidated By Accrued rent .. .. .. 1,148 7 4 Fund under section 6, Wanganui River Trust Act, 1891 .. .. .. .. 18 10 8 Amount due to the Wanganui River Trust under Wanganui River Trust Act, 1891 .. .. 540 9 0 Remissions of rent under the Deteriorated Lands Act, 1925.. .. .. .. 208 2 9 Remissions of rent granted consequent upon determinations of Dominion Revaluation Board under Discharged Soldiers Settlement Amendment Act, 1923 .. .. .. 268 16 6 Rents written off consequent upon determinations of Dominion Revaluation Board under Discharged Soldiers Settlement Amendment Act, 1923 .. .. .. .. 25 15 4 " Thirds," " fourths," &c., deducted under section 136, Land Act, 1924 .. .. 4 19 Balance carried down .. .. .. 82 11 4 £1,148 7 4 £1,148 7 4 £ o. d. , £ s. d. To Balance—Carried forward .. .. .. 1,090 7 8 By Balance brought down .. .. .. 82 11 4 Balance brought down from previous year .. 1,007 16 4 £1,090 7 8 £1,090 7 8 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. I Assets. Capital .. .. .. .. .. 25,406 3 4 I Endowment lands— £ s. d. £ s. d. Sundry creditors for administration expenses .. 0 4 7 Leased .. .. .. 25,226 3 4 Rents charged in advance .. .. .. 294 0 0 Unleased .. .. .. 180 0 0 Revenue account—Balance carried forward .. 1,090 7 i; 25,406 3 4 Sundry debtors for rent .. .. .. 1,374 11 4 Cash in Local Bodies' Deposit Account of the Receiver of Land Revenue, Wellington .. 10 0 11 £26,790 15 7 j £26,790 15 7 • ,T. B. Thompson, Under-Secretary foe Lands. 20th April, 1928. 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.—J. H. Fowler, Deputy Controller and Auditor-General.

9—B. I [PT. IV, SUP.].

B.—l [PT. IV, Sup.].

LEGISLATIVE DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1928. Exjienditure. £ s. d. Income. £ s. d. To Honoraria of members and officers .. .. 47,719 10 9 By Sale of publications .. .. .. 4,040 2 9 Salaries .. .. .. .. .. 32,204 18 11 Profit on sale of "Index to Laws of New Cleaning, &c. .. .. .. .. 3,265 18 2 Zealand" .. .. .. .. 19 5 0 Fuel, light, &c. .. .. .. .. 3,291 9 8 Balance carried down .. .. .. 185,214 6 1 Laundry .. .. .. .. 172 14 7 Maintenance of grounds .. .. .. 142 9 6 Newspapers .. .. .. .. 249 11 5 Postages, telegrams, telephones, &c. .. 1,956 410 Postage-stamps supplied to members .. 2,243 0 0 Printing and stationery .. .. .. 22,91007 Rent of buildings .. .. .. 29,178 0 0 Repairs and maintenance, furniture and fittings 498 2 0 Repairs to typewriters .. .. .. 93 12 7 Railway concessions to and travelling-expenses of members .. .. .. 26,656 0 5 Uniforms .. .. .. .. 125 18 2 Annotating statutes .. .. .. 236 15 2 Supply of statistical publications .. .. 310 12 6 Sundry accounts (refreshments, messengers, winding clocks, office equipment, &c.) .. 397 16 1 Depreciation on furniture, fittings, library, &c. 6,910 11 3 Bellamy's— £ s. d. Salaries .. .. .. 6,842 16 9 Cleaning, &c. .. .. 320 0 0 Fuel and light .. .. 700 0 0 Laundry .. .. .. 234 7 10 Printing and stationery .. 67 3 2 Rent .. .. .. 1,000 0 0 Stores consumed .. .. 297 17 4 Maintenance of staff .. 850 0 0 Loss by shortages and breakages crockery, &c. .. 268 17 8 Depreciation on furniture and fittings .. .. .. 129 4 6 10,710 7 3 £189,273 13 10 £189,273 13 10 £ s. d. To Balance brought down .. .. .. 185,214 6 1 £ s. d. Interest on capital as at Ist April, 1927 — By Excess of expenditure over income after £ s. d. charging interest on capital .. .. 190,942 8 2 Legislative .. .. 5,485 9 4 Bellamy's .. .. .. 242 12 9 . 5,728 2 1 £190,942 8 2 ' £190,942 8 2 Note. —The following charges are included for which the Department possesses no parliamentary appropriation : Rental value as assessed by Public Works Department; interest at 4£ per cent, on capital as at Ist April, 1927. Balance-sheet as at 31st March, 1928. Liabilities. Assets. £ s. d. £ s. d. Furniture and fittings— £ s. d. £ s. d. Capital, Ist April, 1927 — Legislative .. .. 28,828 4 5 Legislative .. .. .. 119,018 8 6 Bellamy's .. .. 1,723 0 6 Bellamy's .. .. ' .. 5,403 3 7 30,551 411 — 124,421 12 1 Mechanical appliances .. .. .. 1,218 14 9 Sundry creditors .. .. .. .. 4,672 111 Bellamy's— Depreciation Reserve— Crockery, &c. .. .. 3,698 6 6 General Assembly Library .. 30,968 11 7 Consumable goods .. 133 11 4 Legislative .. .. 8,263 11 0 — < Bellamy's .. .. 387 13 6 3,831 17 10 39,619 16 1 Less reserve for writing off .. 268 17 8 Treasury Adjustment Account .. .. 150,361 15 9 3,563 0 2 General Assembly Library .. .. .. 82,055 18 4 Books of reference .. .. .. .. 8,976 4 6 Publications at Printing Office .. .. 761 17 6 Stock of Statutes and Appendices at Government Printing Office . . .. .. . . 100 0 0 Stationery in stock .. .. .. .. 297 0 8 Sundry debtors .. .. .. .. 405 3 6 Copies of " Index to Laws of New Zealand " at Government Printing Office .. .. 78 13 4 Expenditure in advance on 1928 edition of " Index to Laws of New Zealand " .. .. .. 125 0 0 Balance of Income and Expenditure Account .. 190,942 8 2 £319,075 5 10 £319,075 5 10 E. W. Kane, Clerk, House of Representatives. H. W. Harris, Accountant, House of Representatives. 17th September, 1928. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General,

B.—l [PT. IV, Sup.].

MAIN HIGHWAYS ACCOUNT. CONSTRUCTION FUND. Income and Expenditure on Capital Account for the Year ended 31st March, 1928, and Total to Date.

[ . I | Total since I j Total since rvDWMnTTTTDTi Government Ordinary Main Total for Year Declaration of | TTcroArF Total for Year ! Declaration of JiXlMkNDiiUJiJi. Koads. Highways. 1927-28. Main Highways 5 1927-28. i Main Highways j (9/6/24). j (9/6/24). To Net expenditure on construction and improvement of main highways, : By Recoveries on account of expenditure of previous years :—- including cost Of administration by Public Works Department and Highway District— f s. d. £ s. d. accident compensation: — No. 2, Government roads .. .. .. .. .. 178 7 7 8 Highway District — £ s. d. £ s. d. £ s. d. £ s. d. No. 4, ,, .. .. .. .. .. .. 2 8 8 No 1 .. .. 29,621 7 2 10,578 3 3 40,199 10 5 182,683 13 2 No. 7, „ .. .. .. .. .. 7 6 10 7 6 10 No 2 .. . 30,407 8 11 48,444 9 0 78,851 17 11 256,875 12 2 No. 12, „ .. .. .. .. .. .. 0 19 0 No. 3 .. .. 31,246 16 0 3,036 14 4 34,283 10 4 88,536 7 2 No. 13, „ .. .. .. .. .. .. 102 0 0 No. 4 . .. .. 20,868 15 9 3,753 16 8 24,622 12 5 155,328 16 0 , No. 5 .. .. .. 1,389 5 0 17,211 11 3 18,600 16 3 80,712 12 2 8 14 6 120 2 2 No. 6 .. .. .. 40,175 16 1 3,821 6 4 43,997 2 5 119,446 8 3 Receipts under section 15, Finance Act, 1923, from Public Works Fund, No. 7 .. .. .. 14,494 8 2 25,257 7 3 39,751 15 5 190,523 2 6 . General Purposes Account* .. .. .. .. .. 200,000 0 0 826,000 0 0 No. 8 .. .. .. 6,496 14 0 14,667 13 6 21,164 7 6 61,549 16 0 Loans raised under Main Highways Act, 1922 — No. 9 .. .. .. 25,854 0 6 39,278 6 4 65,132 6 10 196,094 8 9 Consolidated stock .. .. .. .. .. .. 542,007 14 0 No. 10 .. .. .. 4,649 6 3 15,602 16 4 20,252 2 7 52,133 12 0 Debentures .. .. .. .. .. .. .. .. 100,000 0 0 No. 11 .. .. .. 9,675 7 4 485 10 3 10,160 17 7 19,478 9 6 Inscribed stock .. .. .. .. .. .. 50,000 0 0 50,000 0 0 No. 12 .. .. .. 3,957 1 2 333 0 0 4,290 1 2 74,484 12 6 Balance, excess of expenditure over income, carried to general balance-sheet 231,076 1 10 211,615 18 2 No. 13 .. .. .. 126 1 0 4,207 16 9 4,333 17 9 61,154 6 7 No. 14 .. .. .. 4,020 12 2 10,938 11 11 14,959 4 1 35,291 1 9 No. 15 .. .. .. .. 3,050 17 4 3,050 17 4 9,766 2 5 No. 16 .. .. .. 1,480 15 8 3,477 1 8 4,957 17 4 35,009 17 0 No. 17 .. .. .. 28,834 14 7 12,505 6 10 41,340 1 5 76,305 2 11 No. 18 .. .. .. 1,406 12 7 9,729 5 0 11,135 17 7 34,369 13 6 254,705 2 4 226,379 14 0 481,084 16 4 1,729,743 14 4 481,084 16 4 1,729,743 14 4 * Interest on these amounts is paid from Consolidated Fund.

B.—l [PT. IV, SUP.].

MAIN HIGHWAYS ACCOUNT— continued. REVENUE FUND. Income and Expenditure Account for the Year ended 31st March, 1928, and Total to Date.

Total since j Total since i?Ypi?wnrTniiP Government Ordinary Total for Inception of Main H i- ! Total for I Inception of Main Roads. Main Highways. Year 1927-28. Highways Act, 1922, IJNOOMh. Year 1927-28. |Highways Act, 1922, ; to 31/3/28. | J| to 31/3/28. To Net expenditure on maintenance of ; j By Income from — main highways: — Interest from investments of— £ s. d. Highway District — £ s. d. £ s. d. £ s. d. £ s. d. ' Construction Fund .. .. .. 2,386 7 2 No. 1 .. .. .. 7,325 9 4 29,937 7 8 37,262 17 0 86,127 19 6 Revenue Fund .. .. .. .. 26,385 15 6 £ s. d. £ s. d. No. 2 .. .. .. 7,508 16 2 52,875 17 9 60,384 13 11 135,523 12 5: 28,772 2 8 117,108 8 10 No. 3 .. .. .. 21,479 12 10 7,930 4 4 29,409 17 2 71,621 4 8 Interest from local bodies on plant purchased on their behalf .. 2,610 1 10 4,505 2 7 No. 4 , . .. .. 11,623 15 2 3,338 17 2 14,962 12 4 53,366 3 5 Motor-registration licenses, fees, and fines (section 24, Motor-vehicles No, 5 .. .. .. 3,898 5 4 41,087 6 2 44,985 11 6 128,663 17 8 ; Act,1924) .. .. .. .. .. .. 303,861 8 6 934,041 9 5 No. 6 .. ., .. 5,769 15 11 6,854 1 3 12,623 17 2 48,722 13 7 Motor-spirits tax (section 9, Motor-spirits Taxation Act, 1927) .. 130,460 17 7 130,460 17 7 No. 7 .. .. .. 13,432 17 11 30,327 3 5 43,760 1 4 107,948 13 2 j Recoveries on account of expenditure of previous years —Ordinary No. 8 .. .. .. 513 5 9 30,208 10 0 30,721 15 9 78,689 13 4 i main highways .. .. .. .. .. .. .. 28 12 0 No. 9 .. .. .. 10,035 5 2 35,942 15 4 45,978 0 6 107,199 5 7 Rent of and tolls from ferries .. .. .. .. .. 300 0 0 2,081 10 6 No. 10 .. .. .. 2,559 0 10 24,313 8 2 26,872 9 0 75,827 18 10 Tire-tax (sections 13 and 14, Main Highways Act, 1922) .. .. 219,658 8 1 1,043,700 16 2 No. 11 .. .. .. 10,725 6 0 10,190 11 3 20,915 17 3 66,614 18 8 Transfer from Consolidated Fund (section 14, Main Highways Act. No. 12 .. .. .. 36,904 0 1 1,138 1 9 38,042 1 10 120.052 15 9 1922) .. .. .. .. .. .. .. 35,000 0 0 140,000 0 0 No. 13 .. .. .. 2,871 18 10 14,647 15 1 17,519 13 11 45,966 15 1 No. 14 .. .. .. 644 13 3 20,893 12 4 21,538 5 7 52,893 6 10 No. 15 .. .. .. .. 27,429 16 3 27,429 16 3 65,864 19 9 No. 16 .. .. .. 5,933 10 6 9,608 2 5 15,541 12 11 28,099 13 4 No. 17 .. .. .. 2,532 6 1 15,716 13 8 18,248 19 9 38,936 0 10 No. 18 .. .. .. 818 14 2 16,563 12 0 17,382 6 2 53,302 5 2 144,576 13 4 379,003 16 0 523,580 9 4 1,365,421 17 7 Abolition of toll-gates (section 20, Finance Act, 1925) .. .. 1,807 0 0 10,344 14 7 Accident compensation .. .. .. .. .. .. 534 4 4 713 0 11 Administration and supervision expenses, including salaries and travellingexpenses of Public Works officers, printing, stationery, postages, and miscellaneous expenses .. .. .. .. .. 22,583 1 7 69,267 9 1 1 Charges and expenses of raising loans .. .. .. .. 250 0 0 42,467 14 6* Commission on collection of motor-registration fees by Postal Department 12,022 1 6 31,097 2 0 Depreciation of furniture, fittings, &c. .. .. .. .. 43 3 5 132 6 6 Depreciation of plant not in service .. .. .. .. 10 0 0 10 0 0 Erection of signposts (subsidies to) on County boundaries .. .. 536 10 11 770 12 7 Expenses of District Councillors attending District Council meetings and annual conference .. .. .. .. .. .. 214 7 9 : 306 13 3 Fees and travelling-expenses of members of the Main Highways Board, other than Government members .. .. .. .. 1,300 1 1 5,938 0 7 Interest on loans, recoupment to Consolidated Fund (section 4, Finance ! Act, 1919).. .. .. .. .. .. .. 29,246 0 7 73,275 3 4 Management charges of consolidated stock on account of Construction Fund .. .. .. .. .. .. .. 327 0 2 355 11 9 Miscellaneous expenses (advertising, maps, rent of halls, traffic tallies, transport of samples, &c.) .. .. .. .. .. 68 3 7" 942 11 8 592,522 4 3 1,601,042 19 2 Balance, being excess of income over expenditure, carried to general balance-sheet .. .. .. .. .. .. 128,140 14 5 770,883 17 11 £720,662 18 8 £2,371,926 17 1 ;£720,662 18 8 £2,371,926 17 1 * Includes £42,007 14s. transferred from Construction Fund, for which transfer legislative authority is being sought.

B.—l [PT. IV, SUP.].

MAIN HIGHWAYS ACCOUNT— continued. General Balance-sheet as at 31st March, 1928.

i , ' rT.miTTTua Revenue Construction aocuTa Revenue Construction rp .. . LIABILITIES. Fund Fund lotai. AbbEIS. Fund Fund Total. | i ' ; 5 Accumulated Revenue Fund — £ s. d. £ s. d. £ s. d. Cash in Public Account — £ s. d. £ s. d. £ s. d. Balance at 31/3/27 .. .. .. .. 642,743 3 6 At call .. .. .. .. .. .. 379,986 0 1 72,570 17 6 452,556 17 7 Add excess of income over expenditure for 1927-28 ! 128,140 14 5 Invested temporarily until required .. .. .. 242,900 0 0 .. 242,900 0 0 770,883 17 11 .. 770,883 17 11 622,886 0 1 72,570 17 6 695,456 17 7 i | Sundry debtors .. .. .. .. .. 12,052 14 7 51,363 2 10 63,415 17 5 Motor-registration fees in hands of Postal Department .. 98,532 13 6 .. 98,532 13 6 Sundry creditors .. .. .. . .. 110,662 19 3 59,417 10 6 170,080 9 9 ; Interest due and accrued .. .. .. .. 6,103 0 8 .. 6,103 0 8 Interest accrued on loans .. .. .. ,. 3,636 3 8 .. 3,636 3 8 j Stocks of materia], tools &c. .. .. .. .. 5,472 9 0 21,004 7 0 26,478 16 0 1928-29 and 1929-30 motor-registration fees— 1 Stocks, &e., deficits Suspense Account .. .. .. 25 19 9 182 3 2 208 2 11 Received during 1927-28 .. .. .. 250,000 0 0 .. 250,000 0 0 Roadmen's cottages, huts, and road buildings generally .. 2,644 0 0 2,863 5 0 5,507 5 0 Writings-off in Suspense .. .. .. .. 25 19 9 182 3 2 208 2 11 Furniture, fittings, &c. — £ s. d. Temporary transfer from Revenue Fund .. •• •• • 300,000 0 0 300,000 0 0 Expenditure to 31/3/28 .. .. 599 10 8 Depreciation and hire to 31/3/28 .. 136 3 11 463 6 9 .. 463 6 9 Plant and equipment — ■ For Main Highways Board — Expenditure to 31/3/28 .. .. 37,018 18 C Less depreciation charged to works .. 3.181 12 6 33.837 6 0 ... 33,837 6 0 Purchased for local bodies — Expenditure to 31/3/28 .. .. 75,706 19 6 Less repayments of princinal .. 24,265 9 3 1 51,441 10 3 | 51,4+1 10 3 Construction Fund — Excess of expenditure over income, 1927-28 .. .. .. .. 231,076 1 10 Less balance at 31/3/27 .. .. 19,460 3 8 .. 211,615 18 2 211,615 ]8 2 Temporary transfer to Construction Fund .. .. 300,000 0 0 .. 300,000 0 0 Advances to local authorities (Main Highways Amendment Act, 1926, section 2).. .. .. .. .. 1,750 0 0 .. 1,750 0 0 1,135,209 0 7 359,599 13 8 1,494,808 14 3 1,135,209 0 7 359,599 13 8 1,494,808 14 3 H. Arthur, Acting Accountant, Public Works Department. F. W. Furkert, Chairman, Main Highways Board. I hereby certify that the 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.

B.—l [PT. IV, SUP.].

MARINE DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. Income. To Head Office— £ s. d. £ s. d. By Shipping— £ s. d. £ s. d. Salaries .. .. .. 8,032 8 0 Light dues .. .. 81,247 11 8 Office expenses .. .. 1,689 7 2 ■ Engagement and discharge of — 9,721 15 2 seamen.. .. .. 2,790 2 6 Harbours— Survey of ships .. 5,144 7 6 Salaries .. .. .. 1,875 2 4 Examination fees .. .. 321 5 0 General maintenance .. 1,893 19 9 Miscellaneous receipts .. 427 511 Napier Harbour Commission 4,020 17 11 89,930 12 7 7,790 0 0 Harbours — Lighthouses— Port dues .. .. 1,801 18 10 Salaries .. .. .. 16,808 211 Revenue from foreshores .. 6,212 2 3 General maintenance .. 7,458 6 3 8,014 1 1 24,266 9 2 Inspection of machinery— Mercantile marine— Inspection fees .. .. 19,503 0 9 Salaries .. .. .. 21,749 18 1 Examination fees .. .. 497 5 0 Office and general expenses .. 3,042 16 8 Miscellaneous receipts .. 46 16 0 24,792 14 9 — 20,047 1 9 Inspection of machinery— Fisheries — Salaries .. .. .. 14,147 4 7 Net profit on oysters trans-Traveiling-expenses .. 4,516 0 4 ferred from Profit and Loss Office and general expenses .. 3,178 17 2 Account .. .. 1,003 17 11 21,842 2 1 Fishing-boat license fees, reFisheries— demption fees, royalties, &c. 483 16 5 Salaries .. .. 2,117 5 7 Rental of toheroa beds .. 300 0 0 Office and general expenses .. 1,272 14 3 Sale of trout-ova and quinnat 3,389 19 10 salmon .. .. 361 3 8 Government steamer —Working- 2,148 18 0 expenses .. .. .. 20,733 16 9 Government steamer — Fares, Ross Sea Dependency—Adminis- freight, &c. .. .. .. 1,458 9 2 tration expenses .. .. .. 133 18 10 Ross Sea Dependency—Royalties Miscellaneous services— on whale-oil .. .. .. 7,176 15 0 Charts .. .. .. 301 17 7 Miscellaneous revenue— Saleable books and forms .. 326 17 1 Sale of charts .. .. 320 5 8 " New Zealand Nautical Sale of books and forms .. 908 13 8 Almanac " .. .. 525 1 1 Sale of New Zealand Preparation of tide-tables .. 550 0 0 Nautical Almanac " .. 160 12 0 Checking passenger traffic .. 124 19 9 Rents of buildings and reserves 185 19 5 Relief of distressed seamen .. 26 19 9 Interest .. .. .. 5 17 Miscellaneous expenses .. 19 1 Miscellaneous receipts .. 35 11 3 1,857 4 4 1,616 3 7 Reserve for bad debts .. .. .. 170 8 5 Grants .. .. .. .. .. 594 0 0 Depreciation .. .. .. .. 9,158 510 Balance carried down .. .. .. 5,941 6 0 £130,392 1 2 £130,392 1 2 , , £ s. d. £ s. d. By Balance brought down .. .. .. 5,941 6 0 To Interest on capital .. .. .. 18,119 18 0 Excess expenditure over income after charging interest on capital .. .. .. 12,178 12 0 £18,119 18 0 £18,119 18 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, 1927; (d) Public Works Department overhead cost. Depreciation has been allowed for on balances of assets as at Ist April, 1927, the total charge being carried to Depreciation Reserve. Credit has been taken without appropriation for services rendered to the Customs Department. Sale of Oysters, 1927 Season. Profit and Loss Account. Dr. £ s. d. Cr. £ g . d. To Salaries and wages.. .. .. .. 3,610 3 2 By Sales .. .. .. .. .. 7,314 11 0 Maintenance of ketch and launches .. .. 681 15 6 Freight and cartage .. .. .. 466 0 10 Sacks and stores .. .. .. .. 241 6 7 Wharfage and cranage .. .. .. 59 14 3 Compensation for accidents .. .. 53 4 9 Rents, light, &c. .. .. ' .. .. 67 5 7 Administration expenses .. .. .. 176 7 6 Travelling-expenses .. .. .. 124 8 9 Office expenses .. .. .. .. 5 16 Printing and stationery .. .. .. 9 0 6 Advertising .. . • •. .. 4 16 9 Depreciation .. .. .. .. 353 16 3 Interest on capital .. .. .. 457 11 2 Net profit .. .. .. .. 1,003 17 11 £7,314 11 0 . £7,314 11 0

B.—l [PT. IV, Sup.].

MARINE DEPARTMENT—-continued. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. .4ssete. £ s. d. Capital .. .. .. .. .. 569,531 1 7 Land and buildings .. .. .. 36,967 17 0 Sundry creditors .. .. .. .. 3,484 1 3 Lighthouses (including land, towers, buildings, Rentals, &c., paid in advance .. 161 14 1 furniture, apparatus, and equipment) .. 255,558 15 8 Contractors'deposits .. .. .. 15 0 0 Automatic lights .. .. .. .. 41,472 4 3 Depreciation Reserve Account .. .. 62,849 15 3 Fog-signals .. .. .. .. 5,007 2 8 Radio direction-finding experiments .. .. 1,971 3 8 Radio direction-finding beacons .. .. 1,514 15 2 | Beacons, buoys, and moorings .. .. 7,400 10 2 Government steamers .. .. .. 19,881 18 5 Wharves .. .. .. .. .. 2,354 0 0 Harbour equipment (including boats, flagstaffs, signalling apparatus, tools, &c.) .. .. 2,020 14 0. Oyster-beds .. .. .. .. 125,367 14 10 | Oyster ketch and launches .. .. .. 7,473 10 0 Fish hatcheries and equipment .. .. 2,648 3 3 Fisheries Development Account .. .. 46,603 2 2 j Motor-vehicles .. .. .. .. 1,524 19 10 i Horses .. .. .. .. .. 598 9 5 Automatic flashing lamps .. .. .. 258 12 10 Test-pumps and pressure-gauges .. .. 277 15 0 | Office furniture and fittings .. .. .. 5, 523 9 6 i Mechanical office appliances .. .. .. 936 1 9 Library .. .. .. .. .. 1,471 5 4 £ s. d. Stores .. .. .. 14,285 14 1 Less writing off Suspense Account 234 8 8 14,051 5 5 Charts, saleable books and forms .. .. 2,882 2 1 National health, pensions, and unemployment insurance stamps .. .. .. 107 16 3 £ s. d. Sundry debtors .. .. 9,809 9 11 Less reserve for rebates, &c. .. 889 8 5 — 8,920 1 6 Treasury Adjustment Account .. .. 31,069 10 0 Excess expenditure over income .. .. 12,178 12 0 £636,041 12 2 £636,041 12 2 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. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, SUP.].

NATIONAL PROVIDENT FUND. (1) Revenue Account for the Year ended 31st December, 1927. £ s. d. : £ s. d. Amount of fund at beginning of year .. 1,652,901 18 3 Maternity claims (section 19) .. .. 7,080 0 0 Contributions .. .. . . 228,378 16 5 Maternity claims (approved friendly societies) 36,446 0 0 Interest .. .. .. . . 101,303 19 6 Refund of contributions on lapse, reduction, Fines .. .. .. .. .. 914 711 and withdrawal (sections 11, 12, 13, and 14) 51,811 9 7 Government contribution under Act .. 57,856 15 4 Incapacity allowances (sections 17 and 18), Refund of maternity claims by the State .. 43,526 0 0 including contributions waived on incapacity Contributions overpaid on exit .. 14 8 1 (£430 2s. Id.) .. .. .. .. 2,941 8 6 Benefits refunded on exit .. .. .. 4,876 010 Death: Refund of contributions (sections Miscellaneous receipts .. .. .. 0 12 1 15 (5) and 16) .. .. .. .. 7,951 15 7 Death : Allowances on account of widows and children (section 15) .. .. .. 8,610 2 9 Retirement: Allowances (section 13) .. 17,691 1 2 Refund of contributions overpaid on exit .. 14 8 1 Amount of fund at end of year .. .. 1,957,226 12 9 £2,089,772 18 5 j £2,089,772 18 5 Balance-sheet as at 31st December, 1927. Liabilities. £ s. d. Assets. £ s. d. Fund as per Revenue Account .. .. 1,957,226 12 9 j In hands of Public Trustee — Claims due and in course of payment — ! Invested .. .. .. .. 1,854,356 12 8 Maternity .. .. .. .. 2,093 510 ' Uninvested .. .. .. .. 24,984 5 4 Death (section 16) .. .. 114 3 0 Balance with Post Office .. .. .. 7,156 2 2 Death: Allowances (section 15) .. .. 386 7 9 j Balances in transit .. .. .. 13,411 6 7 Allowances (section 13) .. . . . • 750 8 3 | Contributions outstanding or in course of Allowances (section 17).. . . 179411 transmission* — Refunds in suspense .. .. .. 33,290 15 7 (a) Contributions due but not overdue .. 13,260 18 8 Deposits on incomplete applications to join fund 012 0 (b) Contributions overdue .. .. 3,777 0 9 Suspense Account .. .. .. 128 18 3 \ Government subsidy due under Act* .. 57,856 15 4 Contributions prepaid .. .. .. 7,058 9 7 Refund due in respect of maternity claims* .. 3,754 0 0 Investment Fluctuation Reserve (by transfer Fines due* .. .. .. .. 472 2 7 from refunds unclaimed) .. .. 13,829 5 4 Interest due* .. .. .. .. 5,705 0 6 Interest accrued but not due* .. .. 27,748 5 5 Writing off Suspense Account .. .. 2,575 13 3 £2,015,058 3 3 £2,015,058 3 3 * Included in Revenue Account. R. E. Hayes, Superintendent. R. M. Porteous, A.R.A.N.Z., Wellington, Ist July, 1928. Accountant. 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.

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, 1928. Expenditure. Income. £ s. d. To Administration charges— £ s. d. £ s. d. By Balance carried down .. .. .. 114,897 1 7 Salaries .. .. .. 9,534 16 11 Audit .. .. .. 50 0 0 Fees for certificates of birth, &c. .. .. .. 50 0 0 Overtime and meal allowances .. .. .. 38 16 4 Rent .. .. .. 1,344 210 Commission, allowances, &c. 5,854 15 1 Commission on money-orders for approved friendly societies' maternity claims 61 16 0 Postages, telegrams, &c. .. 411 5 8 Telephone services .. 110 14 3 Post and Telegraph Department charges for services rendered .. .. 597 16 0 Government Insurance Department charges for services of charwomen and messengers .. -. 125 0 0 Government Actuary's Office —Services of officers .. 530 18 5 Travelling-allowances, &c. .. 594 15 8 Printing and stationery .. 491 3 1 Office maintenance .. 81 12 10 Fuel, light, power, &c. .. 64 12 2 19,942 5 3 Other items — Loss on realization of property .. .. 0 18 6 Depreciation .. .. .. .. 149 6 4 1 Permanent charges under £ s. d. special Acts — Subsidy.. .. .. 52,110 11 6 Maternity claims .. 42,694 0 0 94,804 11 6 £114,897 1 7 £114,897 1 7 £ s. d. £ s. d. To Balance brought down .. .. .. 114,897 1 7 By Excess of expenditure over income .. 114,980 0 0 Interest on capital .. .. .. .. 82 18 5 £114,980 0 0 £114,980 0 0 Note. —The above account includes a charge for interest on capital for which the Department has no appropriation. FRIENDLY SOCIETIES. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. Income. £ s. d. To Administration charges— £ s. d. £ s. d. By Sundry fees .. .. .. .. 2 8 0 Salaries .. .. .. 1,250 8 4 Balance carried down .. .. 4,854 2 9 Government Actuary's Office — Services of officers ..2,129 1 7 Postages, telegrams, &c. .. 149 6 1 Printing and stationery .. 86 16 4 Rent .. .. .. 50 0 0 Telephone services .. .. 15 17 6 Travelling-allowances, &c. .. 13 10 4 Office maintenance .. .. 7 0 1 3,702 0 3 Other items — Payment for statistical returns of sickness and mortality .. .. .. .. 1,136 10 6 Depreciation .. .. .. .. 18 0 0 £4,856 10 9 £4,856 10 9 £ s. d. £ s. d. To Balance brought down .. .. .. 4,854 2 9 By Excess of expenditure over income .. 4,862 10 2 Interest on capital .. .. .. 8 7 5 £4,862 10 2 : £4,862 10 2 I Note. —The above account includes a charge for interest on capital for which the Department has no appropriation.

10— B. 1 [PT. IV, Sup.].

B.—l [PT. IV, Sup.].

NATIONAL PROVIDENT FUND AND FRIENDLY SOCIETIES DEPARTMENT—continued. Balance-sheet as at 31st Maech, 1928. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital Account .. .. .. .. 2,028 15 7 Furniture and fittings .. .. 1,522 15 4 Sundry creditors .. .. .. .. 6,665 13 3 Additions . .. .. 46 19 1 Depreciation Reserve .. .. .. 995 4 0 Treasury Adjustment Account .. .. 112,739 15 0 1,569 14 5 Less disposals .. .. 10 18 3 1,558 16 2 Less written off to Suspense .. 13 7 2 ■ —— 1,545 9 0 Mechanical appliances .. .. .. 514 2 0 Stationery .. .. .. .. .. 390 17 9 Payments in advance .. .. .. 136 8 11 Excess of expenditure over in- £ s. d. come— National Provident .. .. 114,980 0 0 Friendly Societies .. .. 4,862 10 2 119,842 10 2 £122,429 7 10 £122,429 7 10 R. E. Hayes, Superintendent, National Provident and Friendly Societies Department. I hereby certify that the 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.

B.—l [PT. IV, Sup.].

NATIVE DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. Income. £ s. d. £ s. d. By Departmental receipts— £ s. d. £ s. d. To Salaries, temporary assistance, and Native Land Court fees .. 5,848 15 1 allowances .. .. .. 24,700 3 11 Maori Land Board fees .. 2,268 16 0 Fees to supervisors .. .. 13 13 0 — 8,117 11 1 Travelling expenses and allowances 2,705 15 1 Administration receipts—Contributions from Transfer and removal expenses .. 163 17 9 Maori Land Boards .. .. .. 8,833 0 0 Freight and cartage .. .. 167 3 5 Other receipts— £ s. d. Fuel, light, and cleaning .. 101 4 8 Translation fees .. .. 99 6 6 Law-costs .. .. .. 4 4 0 Interpreters' licenses, &c. .. 26 5 0 Postages and telegrams .. 715 3 4 125 11 6 Printing and stationery .. 627 18 9 Balance carried down, being excess of expenditure Rent of circuit rooms and depart- over revenue earned .. .. .. 38,129 10 5 mental offices .. .. 1,200 9 4 Writings off Suspense (office furniture, &c.) .. .. .. 329 19 11 Miscellaneous expenses .. .. 70 15 11 Depreciation on buildings, office furniture, and mechanical office appliances .. .. .. 218 6 6 31,018 15 7 Expenses of other services— Printing and publication of Kahiti .. .. .. 1,767 5 9 Less proceeds of sales, advertising, &c. .. .. .. 24 14 7 ■ 1,742 11 2 Destruction of rabbits on Native land .. .. .. 3,278 7 6 Eradication of noxious weeds on Native land.. .. .. 456 7 9 3,734 15 3 Contributions — Water - supply, Ohinemuri River .. .. .. 50 0 0 Expenditure under special Acts of the Legislature— Native Land Amendment and Native Land Claims Adjustment Act, 1922 (Arawa lakes settlement) .. .. 6,000 0 0 Native Land Amendment and Native Land Claims Adjustment Act, 1925, section 13 (Maori Purposes Fund) .. 3,000 0 0 9,000 0 0 Royal Commission —Confiscated Lands Commission expenses .. .. 2,143 7 2 Expenditure under Civil List Act, 1920, Part V (Native Purposes) — Food and clothing .. .. 2,930 10 5 Pensions and cash allowances .. 315 19 4 Water-supply and miscellaneous services .. .. .. 103111 Ensigns .. .. .. 31 4 0 New Plymouth Hostelry expenses .. .. .. 181 17 8 Tauranga Hostelry expenses .. 3 15 8 Bluff Hostelry expenses .. 199 13 1 3,766 2 1 Contributions — Health Department — Medical services .. . • •. 3,000 0 0 Health Department — Nursing services .. .. . • 600 0 0 3,600 0 0 Grants (monuments) — Te Pouwhare te Roau Rongokataia) .. .. .. 50 1 3 Timi Wata .. .. .. 50 0 0 Tupara te Kaaho .. .. 50 0 6 150 1 9 £55,205 13 0 £55,205 13 0 £ s. d. £ s. d. To Balance brought down .. .. .. 38,129 10 5 By Sundry Court fees (antecedent charges) .. 98 4 0 Interest on capital .. ■ ■ ■ ■ 503 2 0 Balance .. .. .. .. .. 38,534 8 5 £38,632 12 5 £38,632 12 5 Note. —The above account includes charges for assessed rent and interest on capital for which the Department has no parliamentary appropriation.

B.—l [PT. IV, SUP.].

NATIVE DEPARTMENT—continued. Balance-sheet as at 31st March, 1928. Liabilities. . £ s. d. £ s. d. £ s. d. Capital Account .. .. .. .. 11,079 15 6 Land .. .. .. 6,765 0 0 Sundry creditors .. .. .. .. 1,183 11 10 Buildings .. .. .. 2,131 17 1 Depreciation Reserve (buildings, furniture, and 8,896 17 1 equipment) .. .. .. .. 1,170 310 Office furniture and fittings .. 1,750 17 11 Treasury Adjustment Account .. .. .. 52,774 910 Hostelry furniture and fittings .. 71 8 6 Writings off Suspense Account .. .. .. 312 14 1 Mechanical office appliances .. 292 0 0 Technical instruments .. .. 7 10 0 2,121 16 5 Stock on hand —Stamps and stationery .. .. 326 3 0 Sundry debtors for— £ s. d. Court fees .. .. .. 14,231 9 10 Recoverable expenditure .. 1,825 12 7 Whangamarino advances .. 271 13 8 16,328 16 1 Losses in Suspense Account .. .. .. 312 14 1 Excess of expenditure over income for the year ended 31st March, 1928 .. .. .. 38,534 8 5 £66,520 15 1 £66,520 15 1 21st May, 1928. R. 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-. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, SUP.].

NATIVE DEPARTMENT. DISTRICT MAORI LAND BOARDS. Combined and Separate Receipts and Payments Statements for the Year ended 31st March, 1928. Receipts.

Totals. Tokerau. Maniapoto Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. i j i T" Cash balances at 1st April, 1927 — j £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. j £ s. d. In hand .. .. .. .. .. 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 Imprests at Post Office .. .. .. 8,063 16 4 .. 1,800 0 0 5,000 0 0 865 7 3 372 17 9 .. .. 25 11 4 52,647 8 10 .. 4,659 5 4 17,317 3 4 | 7,796 12 8 10,931 19 4 ! 5,901 7 1 2,240 0 8 | 3,801 0 5 Withdrawals- of principal from amounts on deposit with I 42,200 0 0 .. 11,000 0 0 1,200 0 0 5,000 0 0 14,000 0 0 5,000 0 0 6,000 0 0; Native Trust Office ■ ■— — —— — > < — — — — ■ ! — 94,847 8 10 15,659 5 4 18,517 3 4 12,796 12 8 24,931 19 4 I 10,901 7 1 8,240 0 8 3,801 0 5 ] Rents &c. .. .. .. .. .. 78,695 14 10 .. 4,065 11 5 9,909 4 1 10,303 15 2 28,927 12 5 : 17,850 17 1 6,758 13 5 880 1 3 Royalties .. .. .. .. .. 8,291 19 10 .. 277 11 1 1,983 15 11 283 16 6 1,625 1 9' 507 17 6 .. I 3,613 17 1 Purchase- money .. .. .. .. 92,226 1 10 .. 2,257 1 8 27,306 16 10 20,512 12 10 5,506 12 5 ! 23,138 15 3 8,655 5 10 ; 4,848 17 0 Compensation for land taken .. . • •• 5,519 6 1 •• •• 1,709 8 6 1,301 14 7 2,010 18 4 237 13 6 184 11 2 75 0 0 Mortgage repayments .. .. .. •• 25,247 4 9 .. 1,572 10 8 4,718 13 4 96 1 5 7,257 16 1 9,300 0 0 2,302 3 3 Amount received for disbursement, East Coast Commission | 10,964 0 2 .. .. .. •• 10,964 0 2 Proceeds of sales of stores, cream, &c., Te Kao .. 1,905 19 4 .. 1,905 19 4 222,850 6 10 10,078 14 2 45,627 18 8 32,498 0 6 56,292 1 2 51,035 3 4 17,900 13 8 9,417 15 4 Interest received on — Purchase- money .. .. .. .. 1,501 6 7 .. 106 6 1 619 1 1 508 18 8 .. 220 16 4 .. 46 4 5 Mortgages .. .. .. .. .. 6,610 7 8 .. 41 5 9 2,652 9 3 724 8 1 987 14 4 .. 1,964 10 9 239 19 6 Native Trust Office deposits .. .. .. 13,588 14 0 .. 1,025 11 7 3,690 12 1 3,390 8 10 922 17 2 3,546 8 1 539 16 11 472 19 4 New Zealand Government war-loans .. .. 1,345 14 0 .. .. 68 4 0 .. 1,210 0 0 .. 67 10 0 Sundry investments .. .. .. .. 2,731 3 5 .. .. 113 5 2 .. .. 2,438 2 1 179 16 2 — 25,777 5 8 1,173 3 5 7,143 11 7 4,623 15 7 3,120 11 6 6,205 6 6 2,751 13 10 759 3 3 Commissions (not including transfers from blocks) .. .. 2,256 2 1 79 13 10 305 8 4 739 0 2 408 11 7 330 19 6 168 13 5 223 15 3 Receipts in reduction of advances and overdrafts .. 499 3 9 .. 75 10 9 252 128 1791 .. .. 147 97 618 Advances to other Boards repaid .. .. .. 700 0 0 .. .. 700 0 0 Advances from other Boards .. .. .. 1,450 0 0 .. 700 0 0 .. .. .. .. • • 750 0 0 Proceeds of sales and other credits from Morikau Farm.. 2,537 10 3 .. .. .. .. .. 2,537 10 3 5,186 14 0 775 10 9 952 12 8 17 9 1 .. 2,537 10 3 147 9 7 756 1 8 Miscellaneous receipts (including sundry deposits for .. 14,732 2 0 2,309 3 7 4,435 13 9 125 6 4 5,489 18 1 1,688 19 11 652 £ 10 30 17 6 repayment, refund, and recoveries Total receipts .. .. .. .. 365,649 19 5 30,075 11 1 76,982 8 4 50,800 4 4 90,243 1 8 72,699 6 7 29,860 14 0 14,988 13 5 Net receipts (not including Native Trust withdrawals and .. 270,802 10 7 14,416 5 9 58,465 5 0 38,003 11 8 65,311 2 4 61,797 19 6 21,620 13 4 11,187 13 0 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, 1928— continued. Payments.

oilfof rtTotals. Tokerau. Maniapoto Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Post Office imprest balance .. .. .. .. .. 768 5 0 .. •• I .. i .. 36 15 11 731 9 1 Payments to beneficiaries direct and through Post Office 202,849 0 7 .. 9,376 7 5 49,564 0 10 39,362 19 2 j 35,979 2 3 45,294 18 3 13,841 9 0 9,430 3 8 Miscellaneous payments on behalf of beneficiaries and 26,877 11 6 .. 2,476 8 9 3,317 5 7 3,416 4 6 8,981 16 4 3,210 7 8 5,106 9 11 368 18 9. Boards (including payments on deposits, refunds, &c.) Instalment of principal and interest on Treasury loans 1,004 16 4 .. 853 164 .. .. .. 15100 under Native Land Act, 1909, section 274 Advances from other Boards repaid .. .. .. 700 0 0 .. 700 0 0 231,431 8 5 Administration expenses .. .. .. .. .. 10,645 15 0 1,.222 14 1 2,498 17 5 1,487 19 0 1,803 2 4 1,902 1 3 1,170 8 1 560 12 10 14,629 6 7 55,380 3 10 44,267 2 8 46,764 0 11 50,558 7 2 20,118 7 0 10,359 15 3 Advances on overdraft to blocks, &c. .. .. 9,295 14 4 .. 8,996 17 8 .. .. .. .. 292 15 0 6 1 8 Morikau Farm overdraft .. .. .. .. 9,193 16 8 .. .. .. .. .. 9,193 16 8 Advances on deposit with Native Trustee .. .. 9,000 0 0 .. .. 2,000 0 0 .. .. 4,000 0 0 .. 3,000 0 0 Disbursements on behalf of East Coast Commissioner .. 11,223 2 9 .. .. .. .. 11,223 2 9 Advances to other Boards .. .. .. .. 1,450 0 0 .. .. 700 0 0 .. .. .. 750 0 0 ! I _J 40,162 13 9 8,996 17 8 2,700 0 0 .. 11,223 2 9 13,193 16 8 1,042 15 0 3,006 1 8 Investments — Interest on Native Trust Office deposits capitalized .. 916 13 10 .. 455 14 0 62 7 8 .. 398 12 2 Mortgages .. .. .. .. .. 42,726 5 6 .. .. 587 13 4 3,114 15 2 27,227 16 10 5,050 0 0 5,951 0 2 795 0 0 Purchase of land, buildings, office furniture and fittings 1,811 14 10 .. 25 6 0 1,636 2 7 20 15 9 129 10 6 45,454 14 2 Total payments .. .. .. .. 328,462 16 4 24,107 4 3 60,366 7 5 47,402 13 7 85,743 3 2 68,838 19 9 27,843 11 3 14,160 16 11 Cash balances, 31st March, 1928 — ■ In hand and in bank .. .. .. .. 28,428 11 3 .. 4,168 6 10 11,616 0 11 3,145 15 4 3,956 19 2 3,047 13 2 1,782 16 0 710 19 10 Post Office imprests .. .. .. .. 8,758 11 10 .. 1,800 0 0 5,000 0 0 251 15 5 542 19 4 812 13 8 234 6 9 116 16 8 —— 37,187 3 1 5,968 6 10 16,616 0 11 3,397 10 9 4,499 18 6 3,860 6 10 2,017 2 9 827 16 6 365,649 19 5 30,075 11 1 76,982 8 4 50,800 4 4 90,243 1 8 72,699 6 7 29,860 14 0 14,988 13 5

B.—l [PT. IV, Sup.].

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS— continued. Income and Expenditure Accounts for the Year ended 31st March, 1928.

Appropriation Accounts for the Year ended 31st March, 1928.

Total. Tokerau. Maniapoto Waiariki. Tairawhiti. Aotea. Ikaroa. | South Island. Income. £ s. d. i £ s. d. £ s. d. £ s. d. ! £ s. d. £ s. d. j £ s. d. £ s. d. Net interest on investments .. .. .. .. 16,817 17 10 1,165 10 1 3,450 13 11 j 3,740 0 lj 3,135 15 8 3,896 2 4 1 939 13 10 490 111 Board commissions .. .. .. .. .. .. | 4,918 5 3 295 0 4 778 18 6 j 831 7 8 1,143 4 8 985 4 10 610 10 10 273 18 5 Sundry credits (registration fees, lease fees, &c.) .. .. .. 731 3 11 40 1 0 95 9 11 72 14 6 272 17 6 198 9 9 37 12 1 13 19 2 22,467 7 0 j 1,500 11 5 4,325 2 4 1 4,644 2 3 4,551 17 10 5,079 16 11 \ 1,587 16 9 777 19 6 Expenditure. : j ■ ■ 1 ■ ■ <= Expenses of management — Contribution towards expenses of Native Department .. .. 8,833 0 0 1,000 0 0 2,245 0 0 1,101 0 0 1,495 0 0 1,476 0 0 1,016 0 0 500 0 0 Audit Fees Reserve .. .. • • .. .. • • 341 0 6 60 0 0 90 0 0 j 50 0 0 39 0 6 80 0 0 I 15 0 0 7 0 0 Miscellaneous office and other management expenses .. .. .. ! 1,420 18 5 88 11 0 129 19 9 325 11 9 344 12 10 441 2 0 1 61 10 2 29 10 11 Depreciation on building and furniture .. .. .. .. j 602 6 5 18 16 3 17 1 8 115 14 2 206 12 6 233 2 10 7 6 0 3 13 0 Balance (being surplus for year) transferred to Appropriation Account .. 11,270 1 8 333 4 2 1,843 0 11 3,051 16 4 2,466 12 0 2,849 12 1 488 0 7 237 15 7 22,467 7 0 1,500 11 5 4,325 2 4 4,644 2 3 4,551 17 10 5,079 16 11 1,587 16 9 777 19 6

Total. Tokerau. Maniapoto Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Revenue. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. j £ s. d. £ s. d. £ s. d. Unappropriated balances at 1st April, 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 Sundry office furniture and fittings, &c. (expenditure of previous years 335 711 882 73 18 4 .. .. 218 6 9 34 14 8 written off in error) Investments Reserve Account .. .. .. .. .. 15,860 7 1 3,482 4 10 1,511 9 10 .. .. 10,866 12 5 Surplus for year ended 31st March, 1928, from Income and Expenditure 11,270 1 8 333 4 2 1,843 0 11 3,051 16 4 2,466 12 0 2,849 12 1 488 0 7 237 15 7 Account 68,870 3 1 4,669 6 3 14,201 2 1 16,876 14 3 10,613 1 5 19,834 3 5 2,026 18 10 648 16 10 Expenditure. Appropriation during year — Sundry adjustments, previous years .. .. .. .. 91 18 9 7 15 3 4 14 3 14 17 0 .. 46 17 11 13 7 3 4 7 1 Purchase of land, buildings, office furniture, and fittings, &c. .. 9,404 17 9 • 25 6 0 2,911 6 6 5,520 1 11 108 5 1 .. 810 18 7 28 19 8 9,496 16 6 33 1 3 2,916 0 9 5,534 18 11 108 5 1 j 46 17 11 824 5 10 33 6 9 Unappropriated balances at 31st March, 1928 .. .. .. 59,373 6 7 4,636 5 0 11,285 1 4 11,341 15 4 10,504 16 4 j 19,787 5 6 1,202 13 0 615 10 1 68,870 3 1 4,669 6 3 14,201 2 1 16,876 14 3 10,613 1 5 19,834 3 5 2,026 18 10 648 16 10

B.—l [PT. TV, SUP.].

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS— continued. Combined and Separate Balance-sheets as at 31st March, 1928. Liabilities.

Totala. i Tokcrau. Maniapoto Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Liability to Native beneficiaries — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Amounts held under Native Land Amendment Act, 1913, section 92— Specially invested (section 9 (1), 1926) .. .. 17,853 0 0 .. .. .. .. .. 17,853 0 0 Specially invested (section 9 (2), 1926) .. .. 101,550 14 0 .. .. 38,963 19 9 1,500 0 0 10,141 7 5 15,400 0 0 33,195 6 10 2,350 0 0 Not specially invested .. .. .. .. 45,972 0 11 .. 5,849 15 3 7,887 14 11 .. 5,819 5 1 16,974 7 11 7,719 14 6 1,721 3 3 —165,375 14 11 Other amounts held — Specially invested (section 9 (1), 1926) .. .. 33,714 8 1 .. 12,124 3 10 .. .. .. .. 19,645 4 3 1,945 0 0 Specially invested (section 9 (2), 1926) .. .. 48,590 6 9 .. 119 12 3 4,667 5 0 .. 39,786 9 6 4,017 0 0 Not specially invested .. .. .. .. 273,655 17 3 .. 22,763 10 9 81,474 15 8 65,632 9 9 27,518 7 3 57,749 5 0 8,554 14 6 9,962 14 4 355,960 12 1 Sundry amounts held on deposit and in suspense .. 153 15 11 .. 8 12 0 31 12 3 86 8 2 .. .. 27 3 6 Sundry creditors .. .. .. .. .. 3,092 3 8 .. 18 1 6 57 19 4 21 1 2 .. 2,234 1 8 6 0 0 755 0 0 Trust receipts receivable (as per contra) .. .. 60,955 0 8 .. 1,564 10 1 19,328 2 10 6,836 16 2 .. 30,654 14 3 1,321 16 11 1,249 0 5 Commission receivable (not yet earned) .. .. 1,174 11 5 .. 43 2 3 255 10 1 234 14 10 .. 588 10 0 3 13 8 49 0 7 Treasury loans under Native Land Act, 1909, section 274 13,418 2 8 .. 12,147 2 8 .. .. .. 1,271 0 0 Loan liability on blocks .. .. .. .. 37,415 10 8 .. 4,212 1 3 .. .. .. 33,203 9 5 116,209 5 0 Reserves — Property Reserve .. .. .. .. 23,825 13 9 .. 221 6 5 201 14 6 2,741 6 5 7,603 18 11 12,882 1 7 127 1 10 48 4 1 Investments Reserve .. .. .. .. 24,764 18 4 .. .. 12,716 2 6 8,947 19 5 .. 2,350 16 5 750 0 0 Property Realization Reserve .. .. .. 1,095 6 10 .. 547 13 5 547 13 5 Audit Fees Reserve .. .. . . .. 648 9 0 .. 117 16 6 176 12 6 50 0 0 100 0 0 160 0 0 30 0 0 14 0 0 Depreciation Reserve .. .. .. .. 2,439 6 6 .. 52 1 10 47 4 4 380 18 11 600 11 6 1,341 4 5 12 16 3 4 9 3 — 52,773 14 5 Appropriation Account .. .. .. .. .. 59,373 6 7 4,636 5 0 11,285 1 4 11,341 15 4 10,504 16 4 19,787 5 6 1,202 13 0 615 10 1 749,692 13 0 64,425 15 0 177,641 8 5 97,773 10 2 102,074 16 0 216,466 16 2 72,596 5 3 18,714 2 0 1

B.—l [PT. IY, Sup.].

NATIVE DEPARTMENT.— DISTRICT MAORI LAND BOARDS— continued. Combined and Separate Balance-sheets as at 31st March, 1928— continued. Assets.

11— B. 1 [PT. IV, Sup,

■ Totals. Tokerau. ManSpoto Waiariki. Tairawhiti. Aotea. lkaroa. South Island. Cash balance, 1st April, 1928 — I £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. In hand and in bank .. .. .. .. 28,428 11 3 .. 4,168 6 10 11,616 Oil 3,145 15 4 3,956 19 2 3,047 13 2 1,782 16 0 710 19 10 Post Office imprests .. .. .. .. 8,758 11 10 .. 1,800 0 0 5,000 0 0 251 15 5 542 19 4 812 13 8 234 6 9 116 16 8 : — | 37,187 3 1 5,968 6 10 16,616 0 11 3,397 10 9 4,499 18 6 3,860 6 10 ! 2,017 2 9 827 16 6 Investments — Trust mortgages (section 9 (1), 1926) .. .. 89,600 17 7 .. ! 12,124 3 10 .. .. 39,786 9 6 16,100 0 0 19,645 4 3 1,945 0 0 Trust mortgages (section 9 (2), 1926) .. .. 104,139 11 6 .. j 119 12 3 37,416 5 0 1,500 0 0 10,141 7 5 19,417 0 0 33,195 6 10 2,350 0 0 Other investments — New.Zealand Government inscribed stock .. .. 27,540 0 0 .. 1 .. 1,240 0 0 .. 25,000 0 0 j 1,300 0 0 New Zealand Government war-loan debentures .. 2,000 0 0 .. .. .. .. .. J 500 0 0 1,500 0 0 On deposit with Native Trustee .. .. .. 290,681 4 1 .. 17,315 3 7 82,117 0 0 73,839 8 6 14,822 1 9 76,735 0 0 13,665 2 10 12,187 7 5 Company debentures under Native Land Amendment 1,150 16 5 .. i .. .. .. .. 1,150 16 5 Act, 1913, section 29 Trust freehold property .. .. .. .. 7,030 19 10 .. ; 1,730 19 10 5,300 0 0 Board mortgages .. .. .. .. 22,864 1 11 .. .. 12,716 2 6 8,947 19 5 .. 1,200 0 0 —545,007 11 4 31,289 19 6 138,789 7 6 84,287 7 11 89,749 18 8 116,402 16 5 68,005 13 11 16,482 7 5 Advances to other Boards .. .. .. .. 750 0 0 .. .. .. .. .. •. I 750 0 0 Advances on overdraft to blocks .. .. .. 26,274 5 7 .. 6,337 7 2 2,221 3 11 104 5 10 180 13 8 i 17,179 9 7 i 218 10 11 32 14 6 Morikau and other loan blocks .. .. .. 39,624 2 4 .. 6,420 12 11 .. .. .. 33,203 9 5 Printing and stationery stock on hand .. .. 170 6 7 .. 33 9 4 27 4 5 21 6 4 40 6 3 32 17 2 15 3 1 Sundry debtors — Trust receipts (as per contra) — Bents .. .. .. .. .. 24,465 7 8 .. 1,433 14 7 9,516 13 10 5,245 15 1 .. 5,768 4 10 1,251 18 11 1,249 0 5 Royalties .. .. .. .. .. 21,665 2 0 .. 30 0 0 649 0 8 .. ... 20,986 1 4 Interest .. .. .. .. .. 5,157 0 4 .. 12 11 10 3,077 15 8 .. .. 1,996 14 10 69 18 0 Purchase-money instalments .. .. .. 9,645 13 7 .. 88 3 8 6,084 12 8 I 1,569 4 0 .. 1,903 13 3 Accrued interest on investments .. .. 21 17 1 .. .. .. 21 17 1 Board receipts — Sundry miscellaneous transactions .. .. 55 4 11 .. 41 0 1 .. 5 13 10 .. 8 11 0 Interest. .. .. .. .. .. 1,242 15 6 .. 358 17 9 202 4 3 144 8 1 .. 375 4 9 137 2 2 24 18 6 Commission .. .. .. .. .. 1,182 6 7 .. 43 2 3 255 10 1 234 14 10 .. 596 5 2 3 13 8 49 0 7 130,254 2 2 14,798 19 7 22,034 5 6 j 7,347 5 1 220 19 11 82,050 11 4 2,446 6 9 1,355 14 0 Land and buildings .. .. .. .. 11,759 11 3 .. .. .. 2,144 8 9 6,732 12 1 j 2,882 10 5 Office furniture and fittings .. .. .. 12,066 2 6 .. 221 6 5 201 14 6 596 17 8 871 6 10 9,999 11 2 127 1 10 48 4 1 23,825 13 9 221 6 5 201 14 6 2,741 6 5 7,603 18 11 12,882 1 7 127 1 10 48 4 1 Loans from Treasury under Native Land Act, 1909, .. 13,418 2 8 .12,147 2 8.. .. .. 1,271 0 0.. section 274, charged on blocks 749,692 13 0 : 64,425 15 0 177,641 8 5 97,773 10 2 102,074 16 0 216,466 16 2 72,596 5 3 18,714 2 0 | _J I 21st June, 1928. E. 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. — G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, Sup.].

NATIVE TRUST OFFICE. Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Cr. £ 3. d. To Salaries— By Net interest, commission, fees, and other income 16,158 6 1 Permanent .. .. 8,367 17 5 Non-permanent .. .. 666 6 5 — 9,034 3 10 Additions, improvements, repairs, maintenance, and insurance of premises, plant, &c.— Office furniture and fittings .. 6 17 11 Office instruments and machinery 11 7 0 Office premises .. .. 5 4 9 Office insurance .. .. 8 110 Motor-vehicles .. .. 365 1 7 397 2 3 Agent's commission .. .. .. 20 0 0 Audit fee for inspection of accounts .. .. 50 0 0 Native Trust Office Board—Pees to members .. 30 0 0 Overtime and meal allowances .. .. 0 110 Postages, telegrams, and rent of boxes .. 178 1 11 Post and Telegraph Department—Payment for services .. .. .. .. 99 13 6 Printing and stationery .. .. .. 226 15 11 Public Service Superannuation Fund, contribution towards .. .. .. .. 154 11 4 Rent .. .. .. .. .. 517 10 0 Services for cleaning, &c. .. .. .. 154 4 3 Telephone charges .. .. .. 11l 14 7 Travelling-expenses .. .. .. 484 11 10 Contingencies .. .. .. .. 24 10 9 Depreciation of office fittings, furniture, plant, &c. 360 4 9 Net profit to Appropriation Account .. 4,314 10 2 £16,158 6 1 £16,158 6 1 Appropriation Account for the Year ended 31st March, 1928. £ s. d. £ s. d. To Reserve and Assurance Fund .. .. 3,883 10 2 By Net profit for year ended 31st March, 1928, Investment Fluctuation Fund ... .. 431 0 0 transferred .. .. .. .. 4,314 10 2 £4,314 10 2 £4,314 10 2 Balance-sheet as at 31st March, 1928. Liabilities. ' Assets. Amounts held under— £ s. d. Sundry assets — £ s. d. £ s. d. West Coast Settlement Reserves Act, 1892 .. 61,606 7 1 Office fittings .. ... 125 7 1 Native Reserves Act, 1882 .. .. .. 51,465 8 7 Less depreciation .. .. 61 15 4 Native Land Act, 1909 (Part X) .. .. 122,255 3 6 63 11 9 Native Land Act, 1909 (Miscellaneous) .. 38,881 5 10 Office furniture .. .. 475 10 4 Native Trustee Act, 1920, and Amendments .. 36,035 9 10 Less depreciation .. .. 70 16 5 Miscellaneous funds (including Maori Land Board — 404 13 11 accounts) .. .. .. .. 384,938 17 1 Office instruments and machinery 239 13 2 Sundry creditors — £ s. d. Less depreciation .. .. 70 12 2 Post Office Account .. 3,204 8 9 , 169 1 0 Various .. .. .. 53 3 5 Motor-vehicles .. .. 408 13 4 —: 3,257 12 2 Less depreciation .. .. 157 0 10 Writings-off in Suspense .. .. '.. 140 251 12 6 Reserve and Assurance Fund .. .. .. 69,069 6 10 Stationery .. .. .. 169 9 2 Investment Fluctuation Fund .. .. 6,560 18 11 1,058 8 4 Stocks, bonds, debentures, and other securities — Local bodies'securities .. 167,790 0 0 Mortgages (including special investments) .. .. 559,389 11 9 Properties acquired .. .. 4,761 8 0 731,940 19 9 Interest due and accrued .. .. .. 17,853 15 0 Sundry debtors —Advances to accounts, &c. .. 17,664 9 2 Suspense Account —Realizations, &c., being written off .. .. .. .. 14 0 Cash— £ s. d. At bank .. .. .. 5,548 2 3 In hand .. .. .. 4 15 4 5,552 17 7 £774,071 13 10 £774,071 13 10 W. E. Rawson, Native Trustee. 13th April, 1928. 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. —G. F. C. Campbell, Controller and Auditor-General.

B. —1 [FT. IV, SUP.].

PENSIONS DEPARTMENT. Income and Expenditure Account fob the Year ended 31st March, 1928. Expenditure. Income. To Pensions — £ s. d. £ s. d. By Credits from national-endowment residue for '£ s. d. War Pensions Act, 1915.. 1,149,146 17 3 old-age pensions .. .. .. 40,685 16 0 Pensions Act, 1926 .. 1,377,450 16 2 Credits from sundry outstanding pensions, Epidemic (vote) pensions 8,784 15 9 1926-27 .. .. .. .. 6,014 13 7 Special annuities .. 4,944 16 11 Credits from gold duty (Miners' Phthisis Act, Finance Act, 1919, and 1915) .. .. .. .. 2,614 9 4 Public Service Super- Commission for paying Imperial pensions .. 2,881 15 4 annuation Act, 1927, Credits from Post and Telegraph Department section 62 .. 436 1 1 for pensions paid to retired officers .. 229 14 1 Defence Act, 1909 .. 2,681 2 11 Credits from Union Government of South Civil Service Act, 1908 .. 13,410 13 1 Africa on account of payments made .. 206 10 7 Judicature Act, 1908 .. 3,808 5 2 Credits from Canadian Government on acReserves and other Lands count of payments made .. .. 463 6 11 Disposal and Public Credits from Commonwealth Government on Bodies' Empowering account of payments made .. .. 24,949 7 2 Act, 1916 .. .. 78 0 0 Credits from Imperial Government on account Einance Act, 1923 .. 150 0 0 of payments made .. .. •. 238,515 4 6 Einance Act, 1924 .. 200 0 0 Credits from Newfoundland Government on Finance Act, 1926 .. 758 9 4 account of payments made . . .. 1 19 0 Family Allowances Act, Excess of expenditure over income .. 2,705,043 0 10 1926 .. .. 35,011 4 3 2,596,861 I 11 Administration charges— Salaries .. .. 39,690 17 7 Post Office services .. 13,842 17 0 Travelling-expenses .. 3,508 17 5 Rent of offices .. .. 3,271 3 5 Appeal Board expenses .. 3,090 16 4 Printing and stationery .. 2,203 12 8 Postage and telegrams .. 2,513 7 6 Depreciation .. .. 445 3 6 Exchange and commission 141 11 5 Furniture written off 7 16 6 Mechanical appliances written off Suspense Account .. .. 70 10 9 Repairs to office equipment .. .. 175 11 1 Transfer and removal expenses .. .. 36 18 5 Contingencies .. .. 80 3 2 Fuel, light, and water .. 195 1 3 Overtime .. .. 79 17 7 Office-cleaning .. .. 117 6 Advertising .. .. 15 10 5 Cartage .. .. 29 7 9 Telephones .. .. 268 4 5 69,669 5 8 Medical treatment of returned soldiers .. 82,296 7 7 Medical treatment of South African War veterans .. .. .. .. 1107 Medical fees .. .. .. .. 5,952 14 5 Railway concessions to disabled soldiers .. 2,058 17 0 Loadings on life-insurance premiums .. 232 17 1 Grants to recipients of New Zealand Cross .. 30 0 0 Clothing-allowances to amputees .. .. 127 10 10 Pensions to retired postal officers .. .. 229 14 1 Payments on account of other Governments — £ s. d. Union of South Africa .. 206 10 7 Canadian Government .. 463 6 11 Commonwealth Government 24,949 7 2 Imperial Government .. 238,515 4 6 Newfoundland Government 1 19 0 264,136 8 2 £3,021,605 17 4 £3,021,605 17 4 £ s. d. £ s. d. To Balance brought down .. .. .. 2,705,043 010 By Balance after charging interest .. .. 2,705,274 7 9 Interest on capital .. •. • • 231 6 11 £2,705,274 7 9 £2,705,274 7 9 Note. —Included in the above expenses are items representing interest on capital, £231 6s. lid., and rent of offices, £2,017, which do not appear in annual appropriations.

B.—l [PT. IV, Sup.].

PENSIONS DEPARTMENT —continued. Balance-sheet as at 31st March, 1928. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Capital .. .. .. .. .. 5,141 0 9 Mechanical appliances .. .. 1,202 010 Reserve for depreciation .. .. .. 2,113 0 6 Less written off Suspense AcCreditors — : count .. .. .. 70 10 9 Sundry.. .. .. .. .. 7,395 17 8 Union of South Africa Government .. 194 8 8 1,131 10 1 Instalments paid but not cleared by Treasury 1,031 8 3 Office furniture and equipment .. 4,427 0 7 Pensions due but unpaid .. .. .. 48,159 2 6 5,558 10 8 Treasury Adjustment Account .. .. 2,895,481 11 0 Medical stores on hand .. 775 12 0 Stationery on hand .. .. 938 16 10 Stamps on hand .. .. 59 9 6 1,773 18 4 Sundry debtors — Advances on account of other Governments — Commonwealth .. ..13,62118 1 Canadian .. .. 463 6 11 Imperial .. .. .. 14,264 16 2 Newfoundland .. .. 3 0 0 Government Departments .. 40,694 19 9 69,048 0 11 Pensions prepaid .. .. .. 177,771 8 5 Accounts prepaid .. .. .. 92 3 3 Excess of expenditure over income .. 2,705,274 7 9 £2,959,518 9 4 £2,959,518 9 4 31st May, 1928. G. C. Fache, Commissioner of Pensions. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV, Sup.].

POST AND TELEGRAPH DEPARTMENT. General Profit and Loss Account foe the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Telegraph Branch loss .. .. .. 130,807 12 10 By Postal Branch profit .. .. .. 24,964 17 3 Wireless Branch loss .. .. .. 7,939 12 9 Telephone Branch profit .. .. .. 40,805 18 0 Net profit .. .. .. .. 26,968 2 8 Toll Branch profit .. .. .. 97,387 6 3 Garages .. .. .. .. .. 2,557 6 9 £165,715 8 3 £165,715 8 3 General Profit and Loss Appropriation Account, 1927-28. Dr. £ s. d. Cr. £ s. d. To Balance forward .. .. .. .. 34,328 7 2 By General Profit and Loss Account .. .. 26,968 2 8 Balance .. .. .. .. 7,360 4 6 £34,328 7 2 £34,328 7 2 POSTAL BRANCH. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Working-expenses .. .. .. 1,236,432 12 8 By Postages (d) .. .. .. .. 1,135,305 14 2 Depreciation (c) .. .. .. 25,950 19 2 Services performed for other branches .. 86,220 9 11 Profit before charging interest on capital Rents received (a) .. .. .. 7-, 073 9 7 carried down .. .. .. 73,986 18 5 Private box and bag rents .. .. 30,406 16 4 Rural delivery fees .. .. .. 13,966 5 2 Money-order and postal-note commission .. 49,009 14 6 Miscellaneous revenue .. .. .. 14,388 0 7 £1,336,370 10 3 £1,336,370 10 3 £ s. d. £ s. d. To Interest on capital (6) .. .. .. 49,022 1 2 By Profit brought down .. .. .. 73,986 18 5 Profit on year's working transferred to General Profit and Loss Account .. .. 24,964 17 3 £73,986 18 5 £73,986 18 5 TELEGRAPH BRANCH. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d To Working-expenses .. .. .. 504,503 4 6 By Telegraph revenue (d) .. .. .. 404,501 4 6 Depreciation (c) .. .. .. .. 33,772 1 0 Miscellaneous revenue .. .. .. 30,207 010 Rents received (a) .. .. .. 951 7 6 Loss before charging interest, carried down .. 102,615 12 8 £538,275 5 6 £538,275 5 6 £ s. d. £ s. d. To Loss brought down .. .. .. 102,615 12 8 By Loss on year's working .. .. .. 130,807 12 10 Interest on capital (b) .. .. .. 28,192 0 2 £130,807 12 10 £130,807 12 10 TELEPHONE BRANCH. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Working-expenses .. .. .. 431,838 711 By Telephone revenue .. .. .. 1,056,610 18 2 Depreciation (c) .. .. .. 350,847 18 11 Rents received (a) .. .. .. 2,676 16 3 Profit before charging interest, carried down .. 276,601 7 7 £1,059,287 14 5 £1,059,287 14 5 £ s. d. £ s. d. To Interest on capital (6) .. .. .. 235,795 9 7 By Balance brought down .. .. .. 276,601 7 7 Profit on yecr's working transferred to Oeneral Profit and Loss Account .. .. .. 40,805 18 0 j £276,601 7 7 £276,601 7 7

B.—l [PT. IV, SUP.].

POST AND TELEGRAPH DEPARTMENT—continued. TOLL BRANCH. Profit and Loss Account fob the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Working-expenses .. .. .. 167,976 13 2 By Toll revenue (d) .. .. .. ..397,234 Oil Depreciation (c) .. .. .. .. 72,993 7 9 Rents received (a) .. .. .. 2,056 5 3 Profit before charging interest, carried clown .. 158,320 5 3 £399,290 6 2 £399,290 6 2 £ s. d. £ s. d. To Interest on capita] (6) .. .. .. 60,932 19 0 By Profit brought down .. .. .. 158,320 5 3 Profit on year'? working .. .. .. 97,387 6 3 £158,320 5 3 £158,320 5 3 WIRELESS BRANCH. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Working-expenses .. .. .. 10,372 18 9 By Revenue on wireless traffic (d) .. .. 7,752 0 0 Depreciation (c) .. .. .. .. 3,338 18 0 Loss before charging interest on capital carried down.. .. .. .. .. 5,959 16 9 £13,711 16 9 £13,711 16 9 £ s. d. £ s. d. To Balance brought down .. .. .. 5,959 16 9 By Loss on year's working transferred to General Interest on capital (6) .. .. .. 1,979 16 0 Profit and Loss Account .. .. 7,939 12 9 £7,939 12 9 £7,939 12 9 SAVINGS-BANK BRANCH. Profit and Loss Account for the Year ended 31st March, 1928. Dr. Cr. To Interest credited to depositors' accounts £ s. d. By Interest received during £ s. d. £ s. d. during year ended 31st March, 1928 .. 1,747,155 13 9 year .. .. 1,976,092 13 6 Management expenses .. .. .. 95,000 0 0 Plus interest accrued to Carried to Savings-bank Profit and Loss 31st March, 1928 .. 547,779 1 3 Appropriation Account .. .. 117,431 12 7 2,523,871 14 9 Less -interest accrued on 31st March, 1927 .. 567,696 10 6 1,956,175 4 3 Sundry receipts .. .. .. 3,412 2 1 £1,959,587 6 4 £1,959,587 6 4 Profit and Loss Appropriation Account, 1927-28. Dr. £ s. d. Cr. £ s. d. To Savings-bank profits paid to Consolidated Fund 194,000 0 0 By Balance forward .. .. .. .. 104,437 5 7 Balance .. .. .. .. 27,868 18 2 ' Savings-bank profit .. .. .. 117,431 12 7 £221,868 18 2 ' £221,868 18 2 SERVICE GARAGE. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Working-expenses .. .. .. 50,981 6 0 By Revenue .. .. .. .. 67,886 211 Depreciation .. .. .. .. 10,701 8 0 Profit before charging interest, carried down .. 6,203 8 11 £67,886 2 11 £67,886 2 11 £ s. d. £ s d. To Interest on capital .. .. .. 3,646 2 2 By Balance brought down .. .. .. 6,203 811 Profit on year's working, transferred to General Profit and Loss Account.. .. .. 2,557 6 9 £6,203 8 11 £6,203 8 11

B.—l [PT. IV, Sup.].

General Balance-sheet. Liabilities. £ s. d. Assets. £ s. d. Capital Account—Balance at credit .. .. .. .. .. 601,685 12 1 Stock at stores, District Telegraph Engineers', and workshops and in transit .. 663,749 11 7 Sundry creditors— £ s. d. Sundry debtors— £ s. d. Money-order payees for unpaid money-orders .. .. 70,402 2 10 Other Administrations, on money- order Account .. 4,441 12 3 Other Administrations, on money- order, postal, and cable 217,497 3 6 Government Departments .. .. .. .. 69,445 0 7 accounts .. .. .. .. Sundry other debtors . .. .. .. .. 54,337 5 2 Postal-note payees, for unpaid postal notes .. .. 69,208 10 0 128,223 18 0 Savings-bank letters of credit .. .. .. 1,355 0 0 Savings-bank Account— Sundry other creditors .. .. .. .. 402,545 19 3 Investments .. .. .. .. .. .. .. 48,232,841 16 9 Other Government Departments, for balance due on 31st Interest accrued, 31st March, 1928 .. .. .. .. .. 547,779 1 3 March, 1928 .. .. .. .. .. 366,903 19 1 War-loan Certificate Account 1,127,912 14 8 Investments held in Government loans .. .. .. .. 244,840 0 0 Assets written off Reserve Account .. .. .. .. .. 7,969 6 7 Post Office Investment Certificate Account— Savings-bank Account— Investments held in Government loans .. .. .. .. 111,150 0 0 At credit of depositors .. .. .. .. .. .. 47,758,726 2 11 Post Office Investment Certificate Account, for current issue— On transfer, New Zealand and other Administrations .. .. .. 18,338 1 5 Investments held in Government loans .. .. £ s. d. 484,890 0 0 Reserve Fund .. .. .. .. .. .. .. 1,000,000 0 0 Postmasters' balance held .. .. .. .. 1,585,445 5 2 Savings-bank Profit and Loss Appropriation Account .. .. .. 27,868 18 2 Head Office Account, including cash in bank .. .. 1,012,126 8 7 War-loan Certificate Account .. .. .. .. .. .. 255,807 6 2 2,597,571 13 9 Post Office Investment Certificate Account .. .. .. .. 657,758 5 2 Assets written off Suspense Account .. .. .. .. .. 7,969 6 7 Post Office Investment Certificate (new issue) Account (interest) .. .. 367 10 6 Investment (Radio Broadcasting Co. of New Zealand, Ltd.) .. .. .. 15,000 0 0 Mpney- order Settlement Account .. .. .. .. .. 3,891 12 10 Excess of expenditure over revenue to 31st March, 1928 .. .. .. 7,360 4 6 Post Office Savings-bank Deposit Account .. .. .. .. 440 0 0 Treasury Adjustment Account .. .. .. .. .. .. 2,071,573 15 0 Imperial stamps and postal-orders .. .. .. .. .. 484 3 6 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 .. .. .. 1,709,731 7 2 Maintenance and Renewals Equalization Reserve (telegraph, toll, and telephone systems) .. .. .. .. .. .. .. .. 77,600 0 0 Depreciation Reserve .. .. .. .. .. .. .. 1,864,368 6 3 £55,112,949 7 5 . £55,112,949 7 5 Notes.—(a) Credit has been taken without appropriation for rents received. (6) Interest at 4 per cent, on capital as at Ist April, 1927, and 2 per cent, on accretions for the year, (c) Depreciation has been allowed for on balance of assets as at Ist April, 1927, 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, (e) Assets have been transferred from the Agricultural Department without appropriation. H. D. Edwards, A.1.A.N.Z., Controller of Accounts. G. Macnamara, 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.

POST AND TELEGRAPH DEPARTMENT— continued. Balance-sheet as at 31st March, 1928. Receipts and Expenditure on Capital Account.

n As at 31st March, Amount expended j As at 31st March, r j Capital as at 1st Amount received, Capital as at 31st nr ' i 1927. ! during Year j 1928. | April, 1927. Year 1927-28. March, 1928. I To Expenditure on — £ s. d. £ s. d. £ s. d. By Receipts — £ s. d. £ s. d. £ s. d. Telegraph systems, including 1,825,371 10 8 113,224 19 7 1,938,596 10 3 Public Works Fund .. .. 9,903,722 6 10 705,768 5 7 10,609,490 12 5 works in progress Revenue contribution to capital 777,384 12 8 51,135 14 11 828,520 7 7 Telephone - exchange systems, in- 5,704,891 19 6 577,798 5 7 6,282,690 5 1 outlay eluding works in progress Wireless systems .. .. 48,990 8 4 963 10 11 49,953 19 3 Buildings and sites .. .. 2,080,925 16 0 79,091 4 5 2,160,017 0 5 Plant and workshops .. .. 15,360 6 3 536 11 6 15,896 17 9 Motor-garages, &c. .. .. 205,622 7 0 19,309 8 0 224,931 15 0 Furniture and fittings .. .. 156,934 17 6 7,304 2 8 164,239 0 2 10,038,097 5 3 798,228 2 8 10,836,325 7 11 10,681,106 19 6 756,904 0 6 I Balance carried to General Balance- .. .. 601,685 12 1 She8t £11,438,011 0 0 Ull ,438,011 0 0

B. —1 [Pt. IY, Sup.].

PRIME MINISTER'S DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d To Salaries .. .. .. .. .. 2,556 19 4 By Sundry revenue .. .. .. .. 3 13 League of Nations .. .. 9,711 2 1 Balance carried down .. .. .. 12,680 12 9 Printing and stationery .. .. .. 193 5 0 Sundries .. .. .. .. .. 222 7 7 £12,683 14 0 £12,683 14 0 £ s. d. • £ s. d. To Balance brought down .. .. .. 12,680 12 9 By Balance .. .. .. .. .. 13,515 311 Rent .. .. .. .. .. 704 0 0 Interest on capital .. .. .. 130 11 2 £13,515 3 11 £13,515 3 11 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d* Fixed capital .. .. .. .. 2,901 7 0 Furniture and fittings .. .. .. 2,097 12 0 Sundry creditors .. .. .. .. 128 13 3 Mechanical appliances .. .. .. 92 10 0 Treasury Adjustment Account .. .. 13,386 10 8 Library .. .. .. .. .. 711 5 0 Excess of expenditure over income .. .. 13,515 311 £16,416 10 11 £16,416 10 11 Note. —The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental assessed by the Public Works Department; (b) interest on capital at 4J per cent. ; (c) the amounts include transfer of assets from other Departments for which no parliamentary authority is provided. F. D. Thomson, Permanent Head. A. W. Pynb, 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.

B.—l [PT. TV, Sup.].

PRINTING AND STATIONERY DEPARTMENT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. £ s. d. Payments. £ s. d. To Sundry debtors .. .. .. .. 250,812 12 3 By Salaries .. .. .. .. 92,566 14 3 Publications and publishing .. .. 2,893 0 6 Wages .. .. .. .. .. 36,172 11 6 Sales — £ s. d. Overtime .. .. .. .. 2,289 14 3 Paper .. .. 19 5 8 Purchases paper, stationery, &c. .. .. 59,105 18 1 Binding-materials .. .. 213 0 Purchases stores .. .. . . 5,478 1 6 Stationery .. .. .. 5 3 0 Freight, insurance, &c. .. .. .. 9,538 12 2 Second-hand typewriters .. 416 0 Machinery (new, and repairs to) .. .. 8,516 4 3 Motor-van .. .. .. 415 0 0 Type .. .. .. .. .. 554 12 3 Waste products .. .. 38 10 9 Monotype extras .. .. .. 548 6 0 485 8 5 Monotype metal .. .. .. 337 18 6 Refunds — Fuel, gas, power, light, and water . .. 2,819 15 2 Overcharge freight .. .. 66 11 1 Medical services .. .. .. 167 9 11 Salaries and wages .. 67 14 9 Office equipment .. .. .. 7110 Postages .. .. 63 1 5 Postages and telegrams .. .. .. 1,679 7 1 197 7 3 Telephone services .. .. .. 133 0 3 Insurance on goods lost on s.s. " Northumbcr- Window-cleaning and rubbish-removal .. 234 14 7 land " . . .. .. .. 716 10 10 Proportion of rent, &c., High Commissioner's Office .. .. .. .. 360 0 0 Motor-vehicle (running-expenses) .. .. 75 1 1 Wages—Charwomen, watchmen, &e. .. 2,164 10 4 Audit fee .. .. ... .. 50 0 0 Contingencies .. .. .. .. 313 0 Repairs to buildings (including new roof) .. 1,031 11 6 Compensation foi damage in collision .. 45 0 0 Compassionate allowances to widows of deceased officers .. .. .. 370 0 0 Grant equivalent to leave due .. .. 52 0 4 Grant in lieu of cost of removal and travellingexpenses .. .. .. .. 105 16 4 Change-over of electrical installation .. 1,919 0 0 Public Works expenditure on buildings and plant— £ s. d. Electrical change-over .. 438 0 0 Installation of fire-alarm .. 75 10 0 New windows in composingrooms .. .. .. 803 14 1 • 1,317 4 1 Refunds to Departments for publications sold 9,650 13 11 Balance to Treasury Adjustment Account .. 17,746 711 £255,104 19 3 £255,104 19 3 Trading Account for the Year ended 31st March, 1928. Dr. Or. £ s. d. To Paper and materials- — £ s. d. £ s. d. By Sales— Stock at beginning .. 28,677 0 7 Manufacturing .. .. .. 200,251 11 7 Add purchases .. .. 43,784 4 2 Less work in progress, 31st March, 1927 .. 4,149 5 8 72,461 4 9 196,102 5 11 Less stock on hand, 31st March, Add work in progress, 31st March, 1928 .. 13,460 510 1928 .. .. .. 28,719 8 7 43,741 16 2 209,562 11 9 Stationery— Stationery and publications .. .. 35,767 12 8 Stock at beginning .. 16,909 18 3 Typewriters .. .. .. .. 2,435 9 6 Add purchases .... 25,621 1 3 —— 247.765 13 11 42,530 19 6 Discounts received .. .. .. 245 6 10 Less stock on hand 31st March, 1928 .. .. .. 15,106 17 5 27,424 2 1 Typewriters— Stock at beginning .. 2,446 1 4 Add purchases .. .. 1,293 810 3,739 10 2 Less stock on hand, 31st March, 1928 .. .. • .. 1,459 14 0 2,279 16 2 Wages (productive) .. 87,229 510 Wages (establishment) .. 29,215 2 10 Wages (Stationery Office) .. 5,495 5 9 Freight (inward) .. .. 7,714 14 2 Lighting (proportion) .. 318 5 10 Power .. . • • • 837 4 3 Fuel .. .. •• 1.048 .2 4 Water .. ■. ■ • 1818 0 132,339 9 0 balance transferred to Profit and Loss Account .. ■■ 42,225 17 4 £248,011 0 9 £248,011 0 9

12— B. 1 [PT. TV, SUP.].

B.—l [PT. IV, SUP.].

PRINTING AND STATIONERY DEPARTMENT—continued. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ a. d. To Office salaries .. .. .. .. 6,351 13 0 By Balance transferred from Trading Account .. 42,225 17 4 Repairs and alterations to buildings and plant 1,454 17 9 Storing and handling stationery, &c., for other Postages and telegrams .. .. .. 1,521 13 9 Government Departments .. .. 651 19 2 Freight (outward) .. .. .. 1,753 11 0 Commission on sales of publications.. .. 2,835 18 10 Insurance .. .. .. .. 230 10 10 Rent receivable .. .. .. .. ' 331 0 0 lixchango .. .. .. 5 0 7 Interest receivable .. . . . . .61 14 1 Discounts allowed .. .. .. 66 6 4 Telephones (rental) .. . . .. 132 7 0 Medical services .. .. .. .. 222 6 5 Lighting (proportion) .. .. .. 40 0 0 j Proportion of rent., &c., High Commissioner's Office .. .. .. .. . . 360 0 0 Office expenses .. .. .. .. 500 10 1 Audit fee .. .. .. .. 50 0 0 j Wages—Charwomen and watchmen.. .. 2,308 610 Interest on capital .. .. 10,151 15 3 Depreciation .. .. .. .. 7,868 810 Compassionate allowances to widows of deceased officers .. .. .. 370 0 0 Grant in lieu of leave of absence to widow of deceased officer.. .. .. .. 35 5 0 ! Compensation for damage in collision with Department's motor-van .. .. 45 0 0 Loss on window-sashes .. .. .. 1 10 0 Balance carried down .. .. .. 12,637 6 9 £46,106 9 5 £46,106 9 5 By Balance brought down .. .. .. £12,637 6 9 Note.—lnterest at the rate of 4| per cent, has been charged on capital for which the Department has no parliamentary appropriation. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital Account .. .. .. . 225,594 15 5 Buildings .. .. .. .. 48,856 9 1 Sundrj'creditors .. .. .. .. 6,927 0 8 Land .. .. .. .. .. 60,600 0 0 Wages accrued .. .. .. .. 2,805 8 9 Plant and machinery— £ s. d. Bad Debts Reserve .. .. .. .. 197 15 9 Composing plant .. .. 630 9 4 Depreciation Reserve .. .. .. 25,51418 3 Monotype plant .. .. 8,692 15 2 Writing-off Suspense Account .. .. 22 5 10 Addressograph plant .. 369 15 0 Balanee, Profit and Loss Account .. .. 12,637 6 9 Printing plant .. .. 22,391 16 1 Binding plant .. .. 12,032 16 2 Litho plant .. .. 2,069 18 2 Photo plant .. .. 1,642 12 4 Stereotype plant .. .. 1,819 14 6 Engine-room plant .. .. 1,595 18 3 Miscellaneous plant .. .. 4,146 8 4 55,692 3 4 Furniture, fittings, and office equipment .. .. .. .. 2,138 12 9 Type .. .. .. .. 8,529 15 9 Accessories — Composing Branch .. .. 3,390 0 4 Addressograph Branch .. 48 0 0 Printing and Binding Branches 953 13 4 Litho and Photo Branches .. 253 13 3 Stereotype Branch .. .. 15 0 0 Engine-room .. .. 29 6 3 Paper-store .. .. 62 11 1 4,752 4 3 Treasury Adjustment Account .. .. 7,539 12 0 Sundry debtors .. .. .. .. 28,815 10 8 Stock Suspense Account .. .. .. 0 3 11 Payments in advance .. .. .. 4 8 10 j Work in progress .. .. .. .. 13,460 510 Old stores for disposal . . .. .. 24 5 0 | Stock on hand .. .. .. .. 45,286 0 0 £273,699 11 5 j £273 699 11 5 I ' The following charge is included for which tho Department possesses no parliamentary appropriation : Public Works overhead cost, £52. E. V. Paul. A.R A.N.Z , Accountant. I hereby certify that the 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, subject to the above departmental notes.—G. F. C. Campbell ; Controller and Auditor-General.

B.—l [PT. IV, SUP.].

PRISONS DEPARTMENT. PROBATION, PRISONS BOARD, HEAD OFFICE, AND MISCELLANEOUS ADMINISTRATION. Income and Expenditure Account for the Year ended 31st March, 1928.

GENERAL STORE. Working Account for the Year ended 31st March, 1928.

Probation Crimes Amend- I Branch. ment.ct. | Expenditure. £ s. d. £ s. d. £ s. d. To Salaries and allowances .. .. .... .. .. .. 4,925 7 3 .. 5,573 5 6 Advertising, books, &c. .. .. .. .. .. .. .. .. ,. 47 16 6 Postage, telegrams, printing, &c. .. .. .. .. .. .. 160 16 11 .. 603 1 3 Office requisites .. .. .. .. .. .. .. .. .. 3113 3 Transport charges and travelling-expenses .. .. .. .. .. .. 444 18 11 459 4 11 Fuel, light, and water .. .. .. .. .. .. .. .. .. 202 6 3 Grants to Prisoners Aid Societies .. .. .. .. .. .. .. .. 180 0 0 Contributions to After-care Societies .. .. .. .. .. 311 Expenses of social workers .. .. .. . . .. .. 76 1 0 Sundry expenses .. .. .. .. .. .. .. 257 11 0 5 14 3 20 18 0 Compassionate allowances .. .. .. .. .. .. .. .. 76 0 0 Interest on capital .. .. .. .. .. .. .. 2 6 9 .. 50 6 10 Rent of buildings .. .. .. .. .. .. .. 179 0 0 .. 250 0 0 Depreciation of furniture and fittings .. .. .. .. .. 4 14 .. 85 13 7 5,608 5 4 450 13 2 7,580 6 1 Income. £ s. d. £ s. d. £ s. d. By Net profits from General Stores .. .. .. .. .. .. .. .. 55 3 10 Proportion of salaries, transferred to Probation expenses .. .. .. .. .. 2,900 0 0 Net cost of Head Office administration for year, transferred to institutions' .. .. 4,625 2 3 Income and Expenditure Accounts Net cost of Probation administration for year .. .. .. .. 5,608 5 4 Net cost of Crimes Amendment Act administration for year .. .. .. .. 450 13 2 5,608 5 4 450 13 2 7,580 6 1

Total. Auckland General Store. Wellington General Store, Expenditure. f s. d. £ s. d. £ s. d. To Opening stocks in store and in transit .. .. .. 9,980 17 10 9,428 19 0 551 18 10 Purchases for issue and for manufacture.. .. .. 9,34936 8,498 4 6 850 19 0 Manufactured articles received from workshops .. .. 12,199 17 8 12,199 17 8 Salaries .. .. .. .. .. .. 303 7 0 303 7 .0 Interest on capital .. .. .. .. .. 443 19 1 419 2 3 24 16 10 Net profit to Head Office Administration Account .. .. 55 3 10 32 2 5 , 23 1 5 32,332 8 11 30,881 12 10 1,450 16 1 Revenue. £ a. d. £ s. d. £ a. d. By Raw materials issued to workshops .. .. .. 7,140 6 5 7,140 6 5 Sale of boots and boot-repairs to other Departments .. 3,439 9 9 3,439 9 9 Miscellaneous stores and manufactures issued to prisons .. 12,738 14 9 11,461 0 3 1,277 14 6 Store charges recovered .. .. .. .. 395 14 4 395 14 4 Closing stocks .. .. .. .. .. 8,618 3 8 8,445 2 1 173 1 7 Net sectional loss 32,332 8 11 30,881 12 10 1,450 16 1

B.—l [PT. IV, Sup.].

PRISONS DEPARTMENT—continued. BOOTMAKING AND REPAIRING INDUSTRY. Profit and Loss Account for the Year ended 31st March, 1928.

WI TAKO PRISON.- BREADMAKING FOR DEFENCE DEPARTMENT. Profit and Loss Account for the Year ended 31st March, 1928. l)r. £ s. d. Or. £ s. dTo Opening stocks—Flour, 3reast, &c. .. .. 61 15 5 By Sales of bread to Defence Department and issues Flour, meal, hops, &c. .. .. .. 461 9 9 to prison .. .. .. .. 808 0 2 Fuel . . .. .. .. .. 34 10 0 Prison labour .. .. .. .. 92 8 0 Depreciation on plant equipment .. ..868 Interest on capital .. .. .. .. 7 15 9 Net profit .. .. .. .. .. 141 14 7 £808 0 2 £808 0 2 WI TAKO PRISON.—BKICKMAKING AND.LEASE OF BRICKWORKS. Profit and Loss Account for the Year ended 31st March, 1928. Dr. \ Cr. £ s. d. £ s. d. To Opening stocks— £ s. d. £ s. d. By Sale of bricks .. .. .. 2,129 9 1 Loose tools .. .. .. 81 3 2 Sale of oil and stores .. .. 26 7 3 Sundry stores .. .. 423 4 8 Royalty from lessees on clay and Manufactured bricks .. .. 1,592 12 10 bricks .. .. .. 555 11 1 2,097 0 8 2,711 7 5 Sundry expenses— Closing stocks— Machine parts and repairs .. 90 4 11 Loose tools .. .. .. 50 1 7 Fuel .. .. .. 72 16 4 Sundry stores .. .. 49 13 5 . Rent of railway-siding .. 22 10 0 Spare parts for machines .. 295 8 10 Haulage of railway - trucks on Manufactured bricks .. .. 223 12 9 siding .. .. .. 19 14 6 -————— 618 16 7 Sundries .. .. .. 6 0 4 Loss on working • .. .. 1,720 7 9 Sundry stores (oil, grease, &c.) .. 70 5 0 Purchase of bricks (unburnt) .. 150 0 0 431 11 1 Prison labour .. .. .. .. 226 19 0 Officers' supervision and labour .. .. 97198 Interest on capital .. .. .. 1,164 4 10 Depreciation (on buildings, plant, and machinery) .. .. .. 1,032 16 6 £5,050 11 9 £5.050 11 9

i I • I Total. | Auckland. | Invercargill. Expenditure. To Opening stocks — £ s. d. £ s. d. £ s. d; Loose tools .. .. .. .. .. .. 160 2 6 94 7 3 : 65 15 3 Work in progress .. .. .. .. .. 408 12 9 j 245 0 9 163 12 0 Manufactured goods .. .. .. .. .. 106 15 0 .. 106 15 0 Raw materials.. .. .. .. .. .. 4,270 7 7 1 3,296 2 11 974 4 8 Tools, machine parts, and repairs .. .. .. 50 13 6 39 16 9 10 16 9 Fuel, light, and power .. .. .. .... 24 17 6 | 24 17 6 Freight and cartage .. .. .. .. .. 20 16 5 3 3 2 17 13 3 Sundry expenses .... .. .. .. .. 12 14 4 4 13 10 8 0 6 Prison labour .. .. .. .. .. .. 2,438 7 8 ; 1,711 14 4 726 13 4 Supervision and officers' labour .. .. .. .. 498 5 1 i 261 17 1 236 8 0 Interest on capital .. .. .. .. .. 79 17 6 49 17 3 30 0 3 Depreciation on plant and machinery .. .. .. 38 72130 72 800 8,109 17 0 5,761 18 0 j 2,347 19 0 Revenue. £ s. d. £ s. d. £ s. d. By Manufactures and repairs to General Storo for sale and issue.. 7,102 0 6 5,114 5 2 1,987 15 4 Closing stocks— Loose tools .. .. .. .. .. .. 272 13 0 208 6 4 64 6 8 Work in progress .. .. .. .. .. 354 7 0 337 5 0 17 2 0 Manufactured goods .. .. .. .. .. 26 15 0 .. 26 15 0 Net total loss on industry for year .. .. .. 354 1 6 102 1 6 252 0 0 8,109 17 0 | 5,761 18 0 2,347 19 0

B.—l [PT. IV, Sup.].

PRISONS DEPARTMENT—continued. PAPARUA PRISON.—CONCRETE, BLOCK, AND TILE MAKING. Profit and Loss Account for the Year ended 31st March, 1928. Dr. Cr. To Opening stocks — £ s. d. £ s. d. By Sales and issues of concrete blocks, posts, tiles, £ s. d. Loose tools .. .. 26 1 0 &c. .. .. .. .. .. 569 19 3 Stock-in-trade .. .. .. 272 8 3 Closing stocks — £ s. d. 298 9 3 Tools .. .. .. .. 23 15 0 Cement and sundries .. .. .. 119 7 1 Stock-in-trade .. .. .. 211 3 0 Gravel and sand .. .. .. .. 107 15 6 — 234 18 0 Freight and cartage .. .. .. .. 79 10 2 Net loss for year .. .. .. .. 26 13 10 Prison labour .. .. .. .. 174 4 0 Supervision .. .. .. .. 38 16 5 Interest on capital .. .. .. .. 13 8 8 £831 11 1 £831 11 1 ♦

HAUTU PRISON.—FARMING AND TAUPO LAND DEVELOPMENT. Profit and Loss Account and Development Account for the Year ended 31st March, 1928. FARM WORKING ACCOUNT.

Development Account foe the year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Opening stocks— By Gross profit 011 farm-working brought down 488 15 0 Farm tools, harness, and stores .. 533 12 4 Closing stocks— £ s. d. Working-horses .. .. .. 171 0 0 Farm tools, harness, and stores 534 17 11 Sundry expenses— £ s. d. Working-horses .. .. 235 2 0 Grass-seed and manure .. 1,097 8 5 769 19 11 Fencing-materials .. .. 28 3 4 Net cost of development for year transferred to Repairs to implements and Hautu Lands Improvement Account .. 4,338 14 11 machinery .. .. 13 7 9 Freight and cartage .. .. 98 4 0 Tractor expenses .. . - 78 1 6 Purchase of horses .. . . 86 13 6 Horse-feed from farm .. 228 0 0 Miscellaneous .. .. 29 2 11 1,659 1 5 Prison labour .. .. .. .. 1,887 10 0 Supervision and officers' labour . . .. 532 2 11 Interest on capital .. .. .. 790 18 4 j Depreciation .. .. .. .. 23 4 10 £5,597 9 10 £5,597 9 10

| Total. J Dair catt?e.° ther Sheep ' pig3 ' | Garden. Crops. Expenditure. £ s. d. £ s. d. £ s. d. £ s. d. I £ s. d. ! £ s. d. To Opening stocks .. .. .. 1,142 7 (i 548 0 0 .. 25 8 0 ] 131 7 0 j 437 12 6 Purchases of live-stock .. .. 1,080 0 6 399 I 2 686 19 4 Feed from farm .. .. .. 66 2 6 34 0 0 28 12 0 3 10 0 Sundry expenses, seed, &c. .. .. 70 8 1 6 0 1 .. i .. .. 64 8 0 Prison labour .. .. .. ! 41S 10 0 38 0 0 7 5 0 .. 73 5 0 ! 300 0 0 Supervision and officers'labour .. j 271 4 11 68 18 0 33 9 ] : 68 17 10 .. 100 0 0 Gross profit on working transferred to ! 488 15 0 369 15 3 93 6 0 | (Dr.) (Dr.) 83 9 11 Development Account 3,543 8 6 j 1,463 14 6 849 11 11 97 15 10 j 204 12 0 : 985 10 5 I I ! Revenue. Bv Sales of live-stock, produce, hides, and £ s. d. £ s. d. £ s. d. £ s. d. £ b. d. £ s. d. issues to prison .. .. .. 1,802 14 7 1,079 19 6 149 14 10 6 10 0 101 17 4 464 12 11 Closing stocks .. .. .. 1,740 13 11 383 15 0 699 17 1 61 8 0 74 16 4 520 17 6 Gross loss on working transferred to .. .. .. 29 17 10 27 18 4 j Development Account 3,543 8 6 | 1,463 14 6 j 849 11 11 97 15 10 ! 204 12 0 j 985 10 5

B.—l [PT. IV, Sup.].

PRISONS DEPARTMENT—continued. RANGIPO PRISON.—DEVELOPMENT OF TAUPO LANDS. Development Account for the year ended 31st March, 1928. Dr. Gr. £ s. d. To Opening stocks— £ s. d. £ s. d. By Sales and issues of vegetables and meat to prison 79 3 6 Cattle .. .. .. 236 0 0 Closing stocks— £ s. d. Horses .. .. .. 43 0 0 Cattle .. .. .. 236 0 0 Harvested crops .. .. 129 5 0 Horses .. ~ .. 43 0 0 Harness and loose tools .. 88 11 3 Garden and nursery .. .. 114 18 0 Garden .. .. .. 52 17 9 Harvested crops .. .. 303 4 0 549 14 0 Loose tools and harness .. 78 9 4 Sundry expenses — 775 11 4 Grass-seed and manure .. 756 12 4 Balance —Net development expenditure for year, Fencing materials .. .. 33 4 3 transferred to Rangipo Land Improvement Trees .. .. .. 29 12 4 ; Account .. .. .. .. 2,988 10 1 Repairs to implements and tools 22 13 7 Freight and cartage .. .. 11 10 4 Tractor expenses .. .. 94 12 0 Miscellaneous .. .. 19 8 11 967 13 9 Prison labour .. .. .. 1,422 3 1 Supervision and officers' labour .. .. 663 10 4 Interest on capital .. .. .. 213 12 3 Depreciation of plant and implements, &c. .. .. .. .. 26 11 6 £3,843 4 11 • £3,843 4 11

INVERCARGILL BORSTAL INSTITUTION.—FARMING INDUSTRY. Profit and Loss Account for the Year ended 31st March, 1928.

Total. ! Cattle. ! Sheep. Pigs. 1 Garden. 'aXoSeraT' Expenditure. To Opening— £ s. d. £ s. d. I £ s. d. £ s. d. £ s. d. £ s. d. Live-stock .. .. ..I 3,673 6 0 2,323 1 0 j 640 15 0 106 10 0 .. | 603 0 0 Crops .. .. .. .. i 3,404 19 0 .. j .. .. 232 14 0 j 1,172 5 0 Miscellaneous stores and tools .. 332 13 4 I 66 10 2 j .. .. .. 266 3 2 Purchases of live-stock .. .. 1,300 8 10 1,109 12 1 187 16 9 .. .. 3 0 0 Feed, &c., transferred from farm . 913 0 2 549 15 7 .. 211 3 8 3 18 9 148 2 2 Miscellaneous expenses —• Grass and other seed .. .. 150 1 8 .. .. .. 44 1 9 105 19 11 Manure .. .. .. .. 153 1 0 .. .. .. .. 153 1 0 Fencing and trees.. .. .. 64 4 5 .. .. .. .. 64 4 5 Tools, repairs, and plant maintenance 234 9 7 .. .. .. .. 234 9 7 Freight and cartage . . .. 114 8 .. .. .. .. 114 8 Fuel and oil .. .. .. I 88 19 11 ! .. .. | .. .. 88 19 11 Rent and rates .. . . .. 399 4 11 .. .. .. .. 399 4 11 Dairy expenses .. .. .. 97 15 3 i 97 15 3 Sundries.. .. .. .. 44 8 4 16 11 10 16 4 6 11 12 0 Live-stock grazing charges .. .. 1,569 15 10 1,034 16 0 371 7 10 j 102 14 0 .. 60 18 0 Prison labour .. .. .. j 4,618 0 6 1,556 1 4 50 5 0 103 3 9 732 5 1 2,176 5 4 Supervision and officers' labour .. 1,538 12 1 529 3 6 28 7 7 .. 182 9 7 798 11 5 Interest on capital ... .. .. 2,899 15 7 .. .. .. .. 2,899 15 7 Depreciation (buildings, plant, and lease- 822 15 9 .. .. ! . . .. 822 15 9 holds Sectional profits on working .. .. .. 250 3 3 476 18 0 ! (Loss) (Loss) (Loss) 20,316 16 10 7,533 10 0 1,771 14 8 ! 535 3 5 1,195 9 2 10,008 0 10 Income. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. By Sales and transfers]of produce to institu-j 7,868 0 2 5,289 6 0 1,094 0 5 194 17 6 313 2 11 970 13 4 tion Blacksmithing .. .. .. 142 7 9 .. .. .. .. 142 7 9 Sales of firewood and timber .. .. 94 8 1 .. .. .. .. 94 8 1 Produce from experimental plot .. 41 4 9 .. . . .. .. 41 4 9 Live-stock grazing, as per contra .. 1,569 15 10 .. .. .. .. 1,569 15 10 Closing stocks — Live-stock .. .. .. 3,566 6 3 2,244 4 0 677 14 3 138 18 0 .. 505 10 0 Crops .. .. .. .. 1,069 14 .. .. .. 140 11 4 928 10 0 Loose tools and stores .. .. 262 4 1 .. .. .. .. 262 4 1 Sectional losses on working .. .. .. (Profit) (Profit) 201 7 11 741 14 11 5,487 7 0 Net total loss on working .. .. 5,703 8 7 20,316 16 10 7,533 10 0 1,771 14 8 535 3 5 1,195 9 2 10,008 0 10

B.—l [PT. IV, Sup.].

PRISONS DEPARTMENT— continued PAPARUA PRISON— FARMING INDUSTRY. Profit and Loss Account for the Year ended 31st March, 1928.

Total. Cattle and Dairy. Sheep. Pigs. ' Poultry. j 1 ' Cr0 P B - j General. Expenditure. To Opening stocks — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Live-stock .. .. .. .. 2,181 1 8 234 13 0 1.188 18 2 393 15 6 30 9 0 333 6 0 Crops .. .. .. .. 1,293 1 11 .. .. .. .. .. 382 8 8 910 13 3 Stores and tools .. .. .. 477 11 9 .. .. .. •• .. •• -• 477 11 9 Purchase of live-stock .. .. .. 1,331 8 4 1,014 17 2 278 82 330 •• 30 00 .. .. 500 Purchase of feed.. .. .. .. 260 2 11 .. 14 0 2 202 3 8 31 5 7 12 13 6 Farm produce consumed on farm, grazing 2,887 5 2 276 1 6 808 11 9 330 4 9 25 19 6 498 10 11 8 16 0 925 15 3 13 5 6 charges and other section expenses Miscellaneous expenses — Seeds .. .. .. .. 181 13 8 .. .. .. .. .. 0 18 0 180 15 8 Manure .. .. .. .. 246 12 5 .. .. .. .. .. 1 12 10 244 19 7 Fencing and trees .. .. • • 15 1 7 .. .. .. .. .. .. • • 15 1 7 Tools, repairs, and plant maintenance . . 131 3 1 .. .. .. .. .. .. 29 14 8 101 8 5 Harness repairs and replacements . . 30 7 9 .. .. .. • • 30 7 9 Freight and cartage .. .. .. 133 6 0 .. 7 14 8 1 8 0 .. .. .. 50 16 5 73 6 11 Tractor fuel and maintenance .. .. 187 12 3 .. .. .. •. 187 12 3 Rent and rates .. .. .. 71 12 1 .. .. .. .. .. ... .. 71 12 1 Threshing and packing .. .. 306 1 9 .. .. .. .. .. .. 306 1 9 Dairy expenses .. .. 23 17 11 23 17 11 Sundries .. .. .. 120 5 7 4 12 6 45 0 1 .. 10 4 11 35 16 6 0 17 10 16 6 6 7 7 3 Prison labour .. .. .. 2,094 4 11 132 17 6 91 10 0 182 15 0 45 15 0 102 0 0 323 14 11 353 15 0 861 17 6 Officers' supervision and labour .. . . 960 7 0 75 17 0 88 17 10 73 12 9 10 5 8 .. 210 15 7 350 17 1 150 1 1 Depreciation (buildings, plant, &c.) .. 115 17 11 .. .. .. .. .. .. •• 115 17 11 interest on capital .. .. .. 1,230 10 10 .. .. .. .. .. .. .. 1,230 10 10 Sectional net prolits .. .. .. .. 158 16 8 646 9 9 (loss) (loss) 140 14 10 67 6 5 1,102 4 2 (loss) 14,279 6 6 1,921 13 3 3,169 10 7 1,187 2 8 153 19 8 1,371 1 9 996 10 3 4,471 19 4 3,123 0 10 • I l|| 1 1 1 r — Income. £ s. d. £ s. d. | £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. Jd. By Sales of live-stook and produce, and sectional 8,867 9 3 1,749 8 3 2,005 3 9 547 13 2 95 2 6 996 19 6 415 14 9 2,992 10 10 64 16 6 transfers of produce; including grazing charges Closing stocks — Live-stock .. .. .. .. 2,074 6 10 172 5 0 1,164 6 10 306 17 9 56 15 0 374 2 3 Crops .. .. .. .. 2,065 4 0 .. .. .. .. .. 580 15 6 1,479 8 6 5 0 0 Stores and tools .. .. .. 729 12 2 .. .. .. .. .. .. .. 729 12 2 Sectional net losses .. .. .. .. (profit) (profit) 332 11 9 2 2 2 (profit) (profit) (profit) 2,323 12 2 Total net loss on farm-working transferred to 542 14 3 institution account 1 — 14,279 6 6 ! 1,921 13 3 3,169 10 7 1,187 2 8 153 19 8 1,371 1 9 996 10 3 4,471 19 4 3,123 0 10

B.—l [PT. IV, Sup.].

PRISONS DEPARTMENT—continued. WAIKERIA REFORMATORY.—FARMING INDUSTRY. Profit and Loss Account for the Year ended 31st March, 1928.

POINT HALSWELL BORSTAL INSTITUTION.-FARMING INDUSTRY. Profit and Loss Account for the Year ended 31st March, 1928.

Tntnl I Cattle and shppr, Pim Nursery, Garden,! Cr ?Jf' rotal - Dairying. j bheep ' j llgs ' and Orchard. I Apiary, and | | J j General. Expenditure. To Opening stocks— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Live-stock .. .. .. -3,682 13 0 2,193 15 0 479 10 0 179 0 0 .. 830 8 0 Crops, &c. .. .. .. 2,485 13 0 .. .. .. 942 0 4 1,543 12 8 Miscellaneous stores and tools .. 606 1811 .. .. .. .. 606 18 11 Apiary .. .. .. .. 191 4 8 .. .. .. .. 191 4 8 Purchases of live-stock .. .. 2,589 16 1 1,859 15 1 562 13 0 8 8 0 159 0 0 Feed, &c., transferred from farm .. 3,214 2 0 2,162 18 5 .. 586 7 7 77 18 0 386 18 0 Miscellaneous expenses — Grass and other seeds .. .. 318 2 7 .. .. .. 26 9 6 291 13 1 Manures .. .. .. 686 8 1 .. .. . > .. 686 8 1 Timber and fencing-posts .. .. 209 2 8 .. .. .. . 209 2 8 Tents .. .. .. .. 18 0 0 .. .. .. .. 18 0 0 Harness-repairs .. .. .. 17 6 7 .. .. .. .. 17 6 7 Survey of estate .. .. . . 49 10 8 .. . . .. .. 49 10 8 Freight .. .. . . .. 67 17 2 .. . . .. 6 1 9 61 15 5 Repairs to implements and tools .. 221 4 3 .. .. .. . ( 221 4 3 Sundry expenses .. .. .. 273 15 6 194 11 4 4 17 1 25 6 7 0 7 0 48 13 6 Apiary expenses .. .. .. 10 12 7 .. .. .. .. 10 12 7 Spray .. .. .. .. 20 2 2 .. .. .. 20 2 2 Cases .. .. .. .. 49 1 11 .. .. .. 49 1 11 Live-stock-grazing charges .. .. 3,669 14 0 1,986 17 0 1,117 16 0 425 6 0 .. 139 15 0 Prison labour .. .. .. 5,976 13 0 2,207 10 0 75 5 0 171 9 6 874 2 6 2,648 6 0 Supervision and officers' labour .. 2,011 10 9 721 0 5 31 7 3 36 5 4 237 9 9 985 8 0 Interest on capital .. .. .. 1,419 3 5 .. .. j 1,419 3 5 Depreciation of buildings and plant .. 134 19 8 .. .. .. .. 134 19 8 Sectional profits on working .. .. .. .. .. .. .. 307 11 11 27,923 12 8 111,326 7 3 | 2,271 8 4 1,432 3 0 | 2,233 12 11 j 10,967 13 1 Income. By Sales, including transfers to institution — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Dairy, crops, gardens, &c. .. .. 8,389 17 10 5,423 3 1 .. .. 1,038 18 9 1,927 16 0 Live-stock, wool, hides, and honey .. 2,432 1 9 1,108 19 5 789 3 4 521 16 0 .. 12 3 0 Horse-hire, blacksmithing, and general 922 6 4 . . .. . . .. 922 6 4 Live-stock-grazing charges .. .. 3,669 14 0 .. .. .. .. 3,669 14 0 Closing stocks — Live-stock .. .. .. 6,535 11 0 4,187 12 6 969 0 0 282 10 6 .. 1,096 8 0 Crops, &c. .. .. .. 3,443 13 0 .. .. .. 908 5 0 2,535 8 0 Miscellaneous stores and tools .. 742 13 4 .. .. .. .. 742 13 4 Apiary .. .. .. . . 61 4 5 i .. .. .. .. 61 4 5 Sectional losses on working .. .. .. 606 12 3 513 5 0 627 16 6 286 9 2 Net total loss on working .. 1,726 11 0 27,923 12 8 11,326 7 3 2,271 8 4 1,432 3 0 2,233 12 11 10,967 13 1

. ! T ° tal - j Mryint | Pi « 8 ' | Pou!tr y- Gard ™- | S Expenditure. To Opening stocks— ) £ s. d. , £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Live-stock .. .. .. 162 14 9 | 152 3 9 6 0 0 I 4 11 0 Crops, &c. .. .. .. j 14 14 3 I .. .. .. 14 14 3 Miscellaneous stores and tools .. ! 81 15 11 .. .. .. .. 81 15 11 Purchase of live-stock .. .. 54 15 0 37 10 0 17 5 0 Miscellaneous expenses —• Feed for live-stock .. 63 15 5 57 5 11 1 12 3 4 17 3 Seeds .. .. .. .. 71111 .. .. .. 71111 Manure .. .. .. 778 .. .. .. 778 Fuel .. .. .. .. 36 5 2 30 17 8 .. .. .. 5 7 6 Freight and sundries .. .. 20 4 5 0 12 10 5 19 11 .. 1 1 0 12 10 8 Rent of farm land .. .. 50 0 0 50 0 0 Prison labour .. .. .. 322 12 9 54 19 11 11 3 6 8 12 7 247 16 9 Supervision and officers' labour .. ! 155 0 2 54 0 10 13 17 9 13 10 2 73 11 5 Interest on capital .. .. 69 5 5 .. .. .. .. 69 5 5 Depreciation of plant .. .. j 14 19 11 .. .. .. .. 14 19 11 Sectional profit on working .. .. .. 7 10 11 1,061 2 9 | 437 10 11 63 9 4 31 11 0 352 3 0 183 19 5 Income. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. By Sales, including transfers to institution 348 14 10 223 19 3 59 11 10 15 13 6 49 10 3 Closing stocks- —- Live-stock .. .. .. 145 17 7 135 16 7 3 17 6 6 3 6 Crops, &c. .. .. .. 9 6 11 .. .. .. 9 6 11 Miscellaneous stores and tools . . 30 2 5 .. .. .. .. i 30 2 5 Sectional losses on working .. .. 77 15 1 .. 9 14 0 293 5 10 153 17 0 Net total loss on working for year .. 527 1 0 .. .. .. 1,061 2 9 437 10 11 63 9 4 31 11 0 352 3 0 183 19 5

B.—l [PT. IV, SUP.].

PRISONS DEPARTMENT—continued. WI TAKO PRISON.—FARMING INDUSTRY. Profit and Loss Account for the Year ended 31st March, 1928.

13 —B. ] [PT. IV, SUP.].

Pattlp and ! Crops, Horses, Total. j Dairying Sheep. Pigs. Garden. Poultry, and y I General. Expenditure. To Opening stocks— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Live-stock .. .. .. I 354 4 6 195 15 0 .. 49 5 6 .. 109 4 0 Crops, &c. .. ... .. ; 367 0 4 .. .. .. 60 0 4 307 0 0 Miscellaneous stores and tools .. 203 1 9 .. .. .. .. 203 .1 9 Stock in transit .. .. .. 20 5 9 .. .. \. .. 20 5 9 Purchase of live-stock .. .. 766 0 5 170 19 10 561 9 4 8 11 3 .. 25 0 0 Feed transferred from farm .. .. 291 10 0 270 2 6 .. 21 7 6 Miscellaneous expenses— Grass and other seeds .. .. 149 14 10 .. .. .. 19 8 3 130 6 7 Manures.. .. .. .. 213 3 5 .. .. | .. .. 213 3 5 Fencing-materials.. .. .. 10 5 2 .. .. .. .. 10 5 2 Explosives .. .. .. 14 4 1 .. .. .. .. 14 4 1 Feed for live-stock .. .. 141 13 8 5 3 8 .. 18 4 1 .. 118 5 11 Repairs and renewals to harness .. 17 14 4 .. .. .. .. 17 14 4 Repairs to implements .. .. 31 17 9 .. .. .. .. 31 17 9 Fuel and oil for tractor .. .. 35 11 2 .. .. .. .. 35 11 2 Purchase and repairs to tools .. 26 0 11 .. .. .. .. 26 0 11 Freight and cartage .. .. 22 13 8 0 7 3 0 1 4 0 10 7 15 15 3 5 19 3 Sundry expenses .. .. .. 46 12 11 .. 18 15 6 .. 0 2 11 27 14 6 Live-stock-grazing charges .. .. 341 .12 7 102 5 4 184 6 7 42 0 8 .. 13 0 0 Prison labour .. .. .. 3.095 0 10 3 6 4 64 19 4 62 2 6 749 3 0 2,215 9 8 Supervision and officers'labour .. ; 724 6 5 10 16 0 11 1 10 0 6 6 90 4 8 611 17 5 Interest on capital .. .. .. | 555 4 6 .. .. I .. .. 555 4 6 Depreciation of plant .. .. 7 12 2 .. .. .. .. 7122 Sectional profits on working .. .. .. .. 103 10 7 7,435 11 2 758 15 11 944 4 6 202 8 7 934 14 5 4,698 18 4 Income. By Sales, including transfers to institution — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Live-stock ... .. .. 1,034 .6 7 367 0 3 544 3 4 123 3 0 .. J Crops and produce .. .. 602 6 6 15 6 1 .. .. 278 13 5 ] 308 7 0 Firewood .. .. .. 138 18 0 .. .. .. .. j 138 18 0 Payment for maintenance of Defence 125 0 0 .. .. .. .. I 125 0 0 Rent of pig-farm .. .. .. 10 0 0 .. .. .. .. 10 0 0 Sundry sales .. .. .. 373 .. .. .. .. 373 Live-stock-grazing charges . . .. 341 12 7 .. .. .. .. 341 12 7 Closing stocks—• Live-stock .. . . .. i 737 7 4 158 0 8 400 1 2 54 8 6 .. 124 17 0 Crops, &c. .. .. .. ! 780 15 0 .. .. .. 255 15 0 525 0 0 Miscellaneous stores and tools .. ' 269 8 8 .. .. .. .. 269 8 8 Sectional losses on working .. j .. 218 8 11 .. 24 17 1 400 6 0 2,852 7 10 Net total loss on working .. ..I 3,392 9 3 I 7,435 11 2 758 15 11 944 4 6 202 8 7 934 14 5 4,698 18 4 I

B. —1 [PT. IV. SUP.].

PRISONS DEPARTMENT— continued. KITCHEN-GARDENING AND TRUCK-FARMING. Profit and Loss Account for the Year ended 31st March, 1928.

Totals. Addington. Auckland. j Napier. | New Plymouth. Waikune. | Wanganui. | Wellington. | Minor Gaols. Expenditure. To Opening stocks £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Tools' .. .. .. .. .. 17 18 3 .. 17 18 3 .. .. Live-stock and poultry .. .. .. 81 9 2 9 6 6 . • • • 44 0 0 14 14 8 .. 13 8 0 Vegetables in garden .. .. .. 262 6 10 12 10 8 147 1/7 .. > 87 13 4 .. .. 5 9 2 8 16 1 Purchase of seeds and manure.. .. .. 120 4 1 8 15 3 20 4 8 3 14 9 24 10 0 28 8 8 4 10 2 30 0 7 Purchase of fowl-feed .. .. .. 3 13 9 3 13 9 .. • • I -. .. .. Purchase of live-stock .. .. .. 12 12 0 .. .. I .. •. •. 12 12 0 Sundry expenses .. .. .. .. 4 8 10 .. .. • • j . ■ • - • • 4 8 10 Prison labour .. .. .. . . 1,431 3 8 317 2 6 228 2 0 i 26 11 6 ; 270 3 9 15 0 0 34 18 9 510 14 8 28 10 6 Supervision .. .. .. 366 15 8 .. 21 6 1 I 164 12 8 .. .. 180 16 11 Interest on capital .. .. .. .. J 15 17 7 0 19 8 7 9 2 .. 5 18 6 0 13 4 .. 0 16 11 Sectional profits on working .. .. .. • • .. 274 12 6 I .. 9 13 6 2,316 9 10 352 8 4 717 10 3 30 6 3 590 18 3 68 10 2 39 8 11 758 7 1 37 6 7 Revenue. By Sales and issues of produce to kitchens — £ s. d. £ s. d. i £ s. d. £ s. d. £ s. d. I £ s. d. | £ s. d. £ s. d. £ s. d. Poultry ... .. .. .. .. 11 03 1103 .. .. .. Vegetables .. .. .. .. i 1,021 18 4 49 19 5 584 6 4- 22 11 3 157 0 6 .. j 6 6 0 175 15 0 25 19 10 Milk and .. .. .. .. 78 13 8 34 4 4 .. .. I 44 9 4 I Pigs and po?k .. .. . . .. | 107 12 9 .. .. .. 62 18 6 23 9 6 .. 21 4 9 1,219 5 0 95 4 0 I 584 6 4 j 22 11 3 264 8 4 23 9 6 6 6 0 196 19 9 25 19 10 Closing stocks — Live-stock and poultry .. .. .. 61 15 0 8 11 6 .. .. 27 11 6 16 12 0 .. 9 0 0 Vegetables .. .. .. .. 229 1 3 10 3 8 115 8 4 5 0 0 41 12 0 .. 1 13 4 46 4 9 8 19 2 Tools .. .. .. .. .. 17 15 7 .. 17 15 7 Seeds and manure .. .. .. .. 28 8 8 .. .. j •. 28 8 8 Sectional losses on working .. .. .. .. 238 9 2 .. 2 15 0 263 6 5 .. 31 9 7 506 2 7 2 7 7 Total net loss on working .. .. . . 760 4 4 .. .. .. .. •• •• 2,316 9 10 352 8 4 717 10 3 30 6 3 596 18 3 68 10 2 39 8 11 758 7 1 37 6 7 1 I : . |

B.—l [FT. IV, Sup.].

PRISONS DEPARTMENT—continued. LABOUR CONTRACTS. Profit and Loss Account for the Year ended 31st March, 1928.

LAUNDERING, MENDING, AND SEWING INDUSTRY. Profit and Loss Account for the year ended 31st March, 1928.

Total. ] Auckland. Invercargill. Waikeria. i Wellington. Wi Tako. ! I ; I l Gross Working Account. Expenditure. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Prison labour .. .. .. 1,855 14 7 32 18 0 14 8 1 316 17 6 616 17 0 874 14 0 Officers' supervision .. .. 399 13 6 6 15 6 .. 175 15 6 217 2 6 Loose tools .. .. .. 13 6 0 .. 13 6 0 Depreciation on plant .. .. 42 1 10 .. 42 1 10 Interest on capital .. .. 39 15 11 .. 39 15 11 Net sectional profits for year, carried (Loss) 14 2 0 (Loss) 16 3 0 (Loss) 72 11 10 down . : 2,350 11 10 53 15 6 109 11 10 508 16 0 833 19 6 ! 947 5 10 Revenue. £ s. d. £ s. d. | £ s. d. ; £ s. d. £ s. d. £ s. d. By Proceeds of labour .. .. 2,300 10 5 53 15 6 100 12 0 I 508 16 0 690 1 1 947 5 10 Net sectional losses for year .. .. (Profit) 8 19 10 (Profit) 143 18 5 | (Profit) Net total loss for year, carried down .. 50 1 5 2,350 11 10 53 15 6 ! 109 11 10 I 508 16 0 j 833 19 6 947 5 10 I I I I Net Working Account. Expenditure. £ s. d. | £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Net losses for year, brought down .. 50 1 5 .. 8 19 10 .. , 143 18 5 Overcharged labour in previous year 97 15 0 j .. .. .. j 97 15 0 Net profits .. .. .. (Loss) 14 2 0 (Loss) 16 3 0 (Loss) 72 11 10 147 16 5 14 2 0 8 19 10 16 3 0 241 13 5 72 11 10 Revenue. £ s. d. £ s. d. £ s. d. I £ s. d. £ s. d. £ s. d. By Net profits for year, brought down.. .. 14 2 0 .. 16 3 0 .. 72 11 10 Net losses transferred to Institution 147 16 5 (Profit) 8 19 10 (Profit) 241 13 5 (Profit) Account ! —-— 1 —•—-— :— —•—— : — — 147 16 5 I 14 2 0 8 19 10 16 3 0 241 13 5 ; 72 11 10

Total. Auckland. Point Halswell. Addington. Expenditure. To Opening stocks — . £ *s. d. £ s. d. £ s. d. £ s. d. Fuel, materials, &c. .. .. .. 123 7 3 .. 123 7 3 Partly completed work .. .. .. ! 740 .. 740 Expenses— Cleaning-materials .. .. .. j 76 5 8 23 15 5 41 19 11 10 10 4 Mending-materials .. .. .. 42 3 10 8 0 0 34 3 10 Fuel, light, and power .. .. .. 116 10 0 .. 97 16 9 18 13 3 Cartage and freight .. .. .. 72 0 10 23 19 1 40 15 3 7 6 6 Sundries .. .. .. ..j 666 .. .. j 666 Prison labour .. .. .. .. 930 14 10 181 11 10 670 1 9 79 1 3 Supervision of labour .. .. .. 277 14 1 24 17 9 238 6 4 J 14 10 0 Depreciation (buildings and plant) .. .. 24 7 11 1 13 9 16 3 6 6 10 8 Interest on capital .. .. .. 37 13 4 1 0 0 30 2 9 6 10 7 Net sectional profits on working .. .. .. 165 10 10 .. 90 16 5 Net total profit on working .. .. .. 120 7 8 1,834 15 11 430 8 8 1,300 14 240 5 6 Revenue. £ s. d. £ s. d £ s. d. i £ s. d. By Laundering credits for institution and other 1,734 19 11 430 8 8 1,064 5 9 ! 240 5 6 Government work Closing stocks, materials, &c. .. .. 99 16 0 .. 99 16 0 j Net sectional loss on working .. .. .. .. 135 19 7 j 1,834 15 11 430 8 8 1,300 1 4 240 5 6 Note.—Auckland and Addington industries commenced January. 1928.

B.—l [FT. IV, Sup.].

PRISONS DEPARTMENT—continued. • AUCKLAND PRISON.--MAIL-BAG REPAIRS. Profit and Loss Account fob the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. j Or. £ s. d. To Opening stocks— ! By Charges to Post and Telegraph Department Raw materials .. .. .. 102 0 11 for repairs and washing .. .. .. 1 ,726 l(i 2 Work in progress .. .. 39 19 11 Closing stocks— £ s. d. Loose tools .. .. 2 17 9 Raw materials .. .. .. 251 5 11 —— 144 18 7 Work in progress .. .. 30 19 C Canvas, twine, dees, &c. .. .. 581 7 0 — 285 5 5 Soap, soda, brushes, &c. .. .. 21 12 0 Machine parts and repairs .. 10 17 2 Fuel, light, power, and water .. 10 910 Freight and cartage .. .. 0 15 2 — 625 1 2 Prison labour .. .. .. .. 463 5 11 Supervision .. .. .. .. 59 6 8 Interest on capital .. .. .. 8 011 \ Depreciation on machines and plant .. 1 14 0 Net profit for year .. .. .. 709 14 4 £2,012 1 7 ; £2,012 1 7 WAIKUNE PRISON.—ROADMAKING AND MAINTENANCE. Profit and Loss Account for the Year ended 31st March, 1928. Dr. Or. To Opening stocks — £ s. d. £ s. d. By Credits for construction and maintenance of £ s. d. Loose tools .. .. .. 239 0 5 roads .. .. .. .. 10,816 17 8 Horses .. .. .. 448 4 0 Sale of fencing-posts .. .. .. 20 0 0 Harness .. . . •. 224 5 3 Closing stocks— £ s. d. Sundry stores . . . . 144 2 3 Loose tools and harness .. .. 323 13 6 Stores in transit .. .. 174 0 0 Horses .. .. .. 364 15 3 1,229 11 11 Sundry stores .. .. .. 498 7 6 Sundry expenses — House-blocks .. .. 10 19 0 Explosives .. .. .. 228 10 9 1,197 15 3 Horse-feed .. . . .. 965 6 10 Repairs to implements .. .. 55 11 1 Purchase and repairs to tools . . 20 14 6 Ironwork .. .. .. 23 19 7 Fuel .. .. .. . . 33 1 5 Repairs to harness . . .. 24 17 0 Sundries . . . . . . 33 2 8 Freight and charges for use of motor-vehicles .. 2,313 11 3 3,698 15 1 Prison labour .. .. .. .. 5,014 16 10 Officers'supervision .. .. .. 1,392 11 10 Interest on capital .. .. .. 62 1 2 Depreciation on plant .. .. .. 7 9 6 Profit on working .. .. .. 629 6 7 £12,034 12 11 £12,034 12 11 ... ■ —' i

100

8.-— 1 [Pt. IV, SUP. I

PRISONS DEPARTMENT —continued. QUARRYING AND GRAVEL-PIT WORKING. Profit and Loss Account for the Year ended 31st March, 1928.

WAIKUNE PRISON.—SAWMILLING. Profit and Loss Account for the Year ended 31st March, 1928. Dr. I Cr. £ s . d. To Opening stocks— £ s. d. ; By Safes of timber .. .. .. ~ 979 6 8 Timber .. .. .. .. .. 845 5 3 ; Interest on book debt .. .. .. 5 8 6 Sundry expenses .. .. .. .. 827 12 7 Loss on working for year, carried down .. 78 18 7 Cartage .. .. .. .. .. §p 12 15 6 Prison labour .. .. .. . . 136 8 0 Supervision .. .. .. .. 3 11 8 Interest on capital .. .. .. 38 0 9 £1,063 13 9 £1,063 13 9 £ s. d. £ s. d. Loss on working for year, brought down .. .. 78 18 7 Interest on book debt omitted previous year .. 812 2 Net loss on working .. .. .. .. 70 6 5 £78 18 7 £78 18 7

101

Total. Auckland. Napier. New Plymouth. Wellington, j Paparua. Gross Working Account. Expenditure. To Opening stocks— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Loose tools and consumable stores .. 134 3 11 65 16 4 833; 58 4 4 200 Stock-in-trade .. .. 851 18 9 | 33 15 0 77 13 9 ! 740 10 0 Machine parts and repairs .. .. 92 10 8 j 92 10 8 Loose tools and repairs .. .. 136 10 II 38 18 10 5 9 0 j 14 9 6 26 15 3 50 17 6 Explosives .. .. .. 352 2 11 349 15 0 0 8 0 1 19 11 Lubricants .. ... .. 70 16 10 70 16 10 .. .. I Timber and iron .. .. .. 159 6 11 1 159 6 11 Horse-feed .. .. .. 171 10 11 171 10 11 Replacement and repairs to harness 12 10 2 12 10 2 Fuel, light, power, and water.. .. i 1,119 16 4 1,114 2 4 .. 5 I t u Freight and cartage .. .. 668 7 0 324 14 2 2 2 3 2 12 9 .. 338 17 10 Maintenance of quarry-roads .. 65 11 0 15 11 0 .. 50 0 0 Hospital maintenance of accident cases 98 14 0 98 14 0 Sundry expenses .. .. .. 73 6 7 66 10 2 4 15 6 2 0 11 Bad debts written off .. .. 12 17 4 .. .. .. 12 17 4 Prison labour .. .. .. 12,616 5 0 8,360 6 4 458 5 0 1,600 14 2 45 17 0 2,151 2 6 Supervision .. .. .. 1,917 19 2 1,482 6 2 210 2 7 224 0 10 1 9 7 Depreciation (buildings, plant, and horses) 767 19 8 763 49 .. 103 3 14 8 Interest on capital .. .. .. 1,057 6 2 1,005 18 3 17 3 45 01 372 Net sectional profits for year, carried ! .. 947 2 2 (Loss) (Loss) (Loss) j 140 19 4 down j — — ——— j20,379 13 5 15,172 13 5 770 16 7 j 2,746 6 9 96 1 0 2,681 17 2 Revenue. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. By Sales of metal .. .. .. 118,330 19 3 114,170 8 3 300 2 1 1,354 15 9 73 16 oj 2,43117 2 Royalty from leases.. .. .. 450 0 0 j 450 0 0 .. .. .. j Closing stocks—■ Loose tools and stores .. .. 180 18 4 114 13 8 15 8 3 50 16 5 Metal .. .. .. .. 1,189 16 6 437 11 6 82 5 0 420 0 0 .. 250 0 0 Net section losses for year carried, down .. .. 373 1 3 920 14 7 22 5 0 Net total loss for year .. .. 227 19 4 20,379 13 5 15,172 13 5 770 16 7 2,746 6 9 96 1 0 2,681 17 2 Net Working Account. Expenditure. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Net losses for year brought down .. 227 19 4 (Profit) 373 1 3 920 14 7 22 5 0 (Profit) Depreciation on plant undercharged in i 400 0 0 400 0 0 previous years Net profits transferred to institution '• (Loss) 547 2 2 (Loss) | (Loss) (Loss) 140 19 4 accounts ! —— — — 627 19 4 j 947 2 2 373 13 920 14 7 22 5 0 140 19 4 i —————J. Revenue. \ £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Net profits for year brought down .. (Loss) j 947 2 2 (Loss) (Loss) (Loss) 140 19 4 Net losses transferred to institution 627 19 4 ' (Profit) 373 1 3 920 14 7 22 5 0 (Profit) accounts —-—-— ] : 1 627 19 4 947 2 2 373 13 920 14 7 22 5 0 140 19 4

B.—l [PT. IV, Sup.].

PRISONS DEPARTMENT—continued. WAIKUNE PRISON.—MOTOR TRANSPORT AND WORKSHOP. Profit and Loss Account for the Year ended 31st March, 1928. Dr. \ Gr. £ s. d. £ s. cl. To Opening stocks — £ s. d. £ s. d. By Credits for cartage for other GoLoose tools .. . • 32 19 3 vernmeilt Departments .. 740 18 10 Sundry stores .. .. 167 9 10 j Credits for cartage for road conStores, &c., in transit .. 99 18 9 j tracts and institutional purposes 3,497 12 3 300 7 10 | — 4,238 11 1 Sundry expenses — Closing stocks — Benzine, oil, &c. .. .. 1,662 13 3 Loose tools .. .. 56 11 5 Tires, tubes, &c. .. .. 299 1 3 ! Sundry stores .. .. 214 3 5 Spare parts and repairs .. 582 19 7 270 14 10 Freight, &c. .. .. 4 010 Net loss on working .. .. .. 238 19 5 2,548 14 11 Benzine, oil, and stores used for garage-working 133 11 3 Prison labour .. .. .. .. 1,035 1 9 Officers' supervision and labour .. .. 346 3 7 Depreciation of vehicles and plant .. .. 299 18 5 Interest on capital .. .. .. .. 84 7 7 £4,748 5 4 £4,748 5 4 AUCKLAND PRISON.—TAILORING. Profit and Loss Account for the Year ended 31st March, 1928. Dr. Gr. £ s. d. To Opening stocks — £ s. d. £ s. d. By Manufactures to general store for sale and issue 6,589 16 3 Raw materials .. .. 153 16 8 Closing stocks— £ a. d. Completed work and work in i Raw materials .. .. 178 19 2 progress .. .. .. 319 10 11 j Completed work and work in Loose tools .. .. 29 5 3 ! progress .. . . .. 37 3 8 502 12 10 Loose tools .. .. .. 32 19 11 Raw materials .. .. .. •. 3, 662 2 9 j 249 2 9 Machine parts and repairs .. 13 12 2 Fuel, light, power, and water .. 76 8 10 Sundry expenses .. . . 11 10 11 — 101 11 11 Prison labour .. .. .. .. 1,080 11 1 Supervision .. .. .. .. 173 3 6 Interest on capital .. .. . . 51 18 10 Depreciation on plant and machinery .. 32 11 8 Net profit for year .. .. .. 1,234 6 5 £6,838 19 0 £6,838 19 0 AUCKLAND PRISON. —TINSMITHING. Profit and Loss Account for the Year ended 31st March, 1928. Dr. j Gr. £ g. d. To Opening stocks — £s. d. £ s. d. i liy Sales, repairs, and prison issues .. .. 400 7 8 Raw materials .. 54 2 8 I Closing stocks — £ s. d. Loose tools .. .. 53 210 ' Raw materials .. 20 10 8 107 5 6 Tools .. .. .. 46 18 11 Materials .. .. .. .. 72 9 10 67 9 7 Prison labour . . .. .. . • 139 5 4 Interest on capital .. .. .. 2 8 9 Net profit for year .. .. .. 146 7 10 £467 17 3 £467 17 3 '

WELLINGTON PRISON.—MISCELLANEOUS INDUSTRIES. Profit and Loss Account for the Year ended 31st March, 1928.

102

Total. i i'loor-polish. ' Timber. ; Firewood. Expenditure. To Opening stocks —■ £ s. d. £ s. d. £ s. d. £ s. tl. £ s. d. Raw materials .. •• •• .. 143 14 7 114 7 11 29 6 8 Stock-in-trade .. •. • • •. .. 189 0 0: .. . . 189 0 0 Purchase of raw materials .. .. .. 345 17 10 185 19 0 132 3 10 .. 27 15 0 Freight and cartage and sundries .. .. .. 7 9 3 . . 10-1 9 . . 7 7 0 Prison labour ... .. .. .. .. 26 0 9 19 4 9 I 4 10 0 .. 2 0 0 Supervision .. .. .. .. .. 20 8 8 11 16 8 6 11 3 .. 2 0 9 Interest on capital .. .. .. .. 14 19 4 5 2 11 1 6 4 8 10 1 Net profits for year .. .. .. .. 50 9 5 19 13 0 (Loss) 10 17 8 26 12 4 797 19 10 5 356 4 3 174 5 10 208 7 9 65 15 7 Revenue. By Sales and issues— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Lead-headed nails .. .. .. .. 141 18 9 141 18 9 Floor-polish .. .. .. .. .. 116 2 0. .. 110 2 0 Second-hand timber .. .. .. .. 55 2 3 .. .. 55 2 3 Firewood (manuka) .. .. .. .. 65 15 7 .. .. .. 65 15 7 Closing stocks—• Raw materials .. .. .. . 265 15 9 214 5 6 . 51 10 3 Stock-in-trade.. .. .. .. .. 153 5 0 .. .. 153 5 6 Net losses for year .. .. . . .. (Profit) (Profit) 6 13 7 (Profit) j (Profit) 797 19 10 356 4 3 174 5 10 208 7 9 65 15 7

B.—l [PT. TV, SUP.].

PRISONS DEPARTMENT— continued. Gross Income and Expenditure Account for the Year ended 31st March, 1928.

103

I I I I New I Point Minor Gaols Totals. Addington. i Auckland. Hautu. j Invercargill. Napier. Plymouth Halswell Paparua. Rangipo. Waikeria. I Waikune. Wanganui. j Wellington. Wi Tako. and Police '.il.' i i ' i Gaols. Expenditure. To Opening stocks — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Loose tools .. .. 902 16 7 24 16 9 272 19 11 16 0 2 62 7 0 19 15 6 +1 7 0 15 1 2 61 4 3 .. 79 14 9 26 13 7 18 1 3 169 0 8 47 14 1 48 0 6 Clothing and bedding on issue 13.703 15 1 453 4 0 3,367 2 5 845 12 0 2,077 10 11 136 2 3 525 15 2 585 16 11 1.329 9 5 319 9 8 99S 17 4 843 0 11 276 16 4 772 4 5 758 5 6 414 7 10 Stocks in local stores .. 6,073 9 10 90 16 4 1,104 7 6 106 3 0 1,439 6 2 | 62 18 2 329 13 11 343 3 0 305 18 0 30 2 10 579 10 3 744 9 4 44 2 6 756 10 1 129 15 10 6 12 11 20,680 1 6 568 17 1 4,744 9 10 967 15 2 3,579 4 1 218 15 11 896 16 1 944 1 1 1,696 11 8 ! 349 12 6 { 1,658 2 4 1,614 3 10 i 339 0 1 1,697 15 2 j 935 15 5 469 1 3 Salaries, allowances, and uniforms .. I 53,295 16 1 643 4 11 14,125 5 9 654 18 5 7,894 5 11 874 17 0 1,909 2 6 1,982 4 5 5,696 5 1 ! 379 8 0 4,488 16 4 2,388 19 9 1,265 19 4 7,269 7 6 2,439 19 5 1,283 1 9 Advertising, books, and newspapers, &c. . . 246 12 9 5 0 6 42 5 5 10 7 0 54 7 7 2 5 4 4 16 8 7 7 2 27 15 2 9 12 5 23 16 6 14 7 8 9 6 4 25 9 4 | 6 18 3 14 0 Clothing, bedding, furniture. &c. 10,765 0 7 170 16 5 2,337 1 10 440 8 3 3,276 19 8 111 17 6 203 0 5 148 1 0 958 3 1 197 5 3 949 18 1 517 18 10 115 2 4 610 1 4 570 19 9 157 6 10 Gratuities to prisoners on release .. 198 8 5 3 8 6! 94 6 0 .. 4 0 2 3 16 6 5 9 6 0 15 0 14 10 3 .. 0 5 0 0 10 0 4 10 6 51 1 0 0 19 6 14 16 6 Wages to prisoners'dependants .. i 10,242 10 0 .. 12,749 15 3 796 3 6 16 16 0 48 9 0 312 7 6 .. 1,790 12 10 372 14 0 896 16 10 1,322 0 2 0 10 0 735 6 9 1,200 19 2 Prisoners' industry earnings .. 6,703 17 4 110 6 9 1,717 10 6 258 10 5 1,405 19 0 I 11 14 10 161 11 3 196 18 9 320 9 7 167 3 8 953 18 4 414 4 0 132 0 5 396 11 2 456 18 8 Fuel, light, power, water, and sanitary .. 6,631 13 3 237 4 8(1,629 3 2 29 17 10 932 14 7 75 8 7 204 18 5 489 3 4 613 15 0 30 18 7 553 3 10 385 15 6 163 10 4 955 4 4 207 13 3 123 1 10 Hospital maintenance and medicines .. : 1,865 2 11 61 7 0 i 385 3 11 19 3 4 289 11 7 31 14 10 73 18 7 111 9 1 152 1 7 40 16 1 111 17 5 119 0 9 53 4 8 280 17 2 74 9 5 60 7 6 Postages, telegrams, telephones, and sta- I 1,361 18 8 j 32 14 6 I 218 14 0 113 13 8 121 11 9 30 0 11 46 1 4 56 17 6 136 9 5 38 17 1 155 7 2 174 17 3 32 14 1 98 19 5 72 13 11 32 6 8 tionerv Office requisites .. .. .. 174 13 3 I .. | .. .. 12 16 10 2 5 0 .. .. 154 7 6 .. 0 7 6 0 3 9 0 8 0 0 19 0 2 6 8 0 19 0 Equipment and instructional work .. 217 13 0 . . , 1 13 10 .. 112 13 1 .. 626 519 640 .. 85 1 11 030 .. 068 063 Rations .. .. .. .. j 25,674 12 4 I 401 16 3 6,504 3 9 749 12 11 3,669 16 0 305 4 6 924 6 11 669 12 3 2,309 3 4 561 5 3 2,454 18 9 1,781 9 10 435 2 0 1,686 15 0 1,364 16 0 1,856 9 7 Transport charges and travelling-expenses ( 5,796 17 7 110 13 7 ] 636 2 . 9 158 9 8 485 10 3 105 19 4 91 8 8 596 8 0 501 12 2 169 16 9 838 0 2 519 0 1 153 12 10 1,142.11 8 195 16 2 91 15 6 Burial of prisoners .. .. .. 49 3 1 . . 20 6 7 .. .. .. .. .. .. .. .. 8 6 0 20 10 6 Maintenance of buildings and grounds .. 3,587 8 11 303 11 9 178 1 10 23 16 8 1,073 10 4 87 6 2 35 12 6 282 10 10 736 8 10 16 2 11 389 0 0 22 1 8 23 14 7 175 8 3 135 4 1 104 18 6 Sundry expenses .. .. .. 794 .. (223 .. .. .. .. .. .. .. .. .. .. 571 126,818 17 6 2,080 4 10 (30,641 16 10 3,255 1 8 19,350 12 9 1,690 19 6 3,978 16 9 4,546 9 1 13,417 17 10 |l,984 0 0 (ll,901 7 10 7,668 18 3 |2,410 5 11 13,434 4 8 6,729 3 11 3,728 17 8 Prison labour on domestic work .. j 20,556 8 1 I 509 3 9 I 4,025 14 1 396 0 0 3,165 19 5 397 2 6 714 13 9 516 8 1 1,880 2 6 I 196 12 0 i 2,439 19 6 1,447 13 0 ! 561 16 3 2,990 17 3 846 18 6 467 7 6 Less wages and earnings already charged 17,039 0 4 j 110 6 9 4,467 5 9 1,054 13 11 1,522 15 0 60 3 10 473 18 9 196 18 9 2,111 2 5 539 17 8 1,850 15 2 1,736 4 2 | 132 10 5 1,127 2 5 1,655 5 4 ' 3,517 7 9 | 398 17 0 Cr. 441 11 8 Cr658 13 11 1,643 4 5 | 336 18 8 240 15 0 319 9 4 Cr.2'30 19 11 jCj-343 5 8 589 4 4 Cr. 288 11 2 429 5 10 1,863 14 10 |Cr808 6 10 467 7 6 Interest on capital .. .. .. j 27,713 5 6 I 654 16 8 9,013 10 7 202 6 8 3,739 2 5 294 19 8 398 9 4 633 15 10 4.997 0 10 ! 100 17 0 2,124 15 5 340 6 6 248 18 8 2,747 0 11 902 2 2 .1,315 2 10 Depreciation on buildings, plant, furniture 12,914 7 6 I 328 13 10 4,165 0 4 114 6 5 1,686 8 6 87 14 5 200 13 7 401 4 1 2,381 10 11 59 17 5 1,077 17 10 193 3 1 136 9 9 956 11 1 582 10 8 542 5 7 <&c. Proportion of overhead burden . . 4,625 2 3| 83 19 7 1,228 15 0 125 17 9 742 111 65 5 10 192 13 1 143 14 6 468 9 9 j 82 18 6 377 17 9 240 13 5 96 11 1 430 2 10 224 4 11 121 16 4 Total .. .. .. 196,269 2 0 14,115 9 0 49,352 0 11 4,006 13 9 30,740 14 1 2,694 14 0 5,908 3 10 6,988 13 11 22,730 11 1 2,233 19 9 17,729 5 6 9,768 13 11 3,660 11 4 21,129 9 6 8,565 10 3 6,644 11 2 Income. „ ' i I I III I By £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. [ £ s. d. £ s. d. £ s. d. £ s. d. i £ s. d. £. s. d. £ s. d. £ s. d. j £ s. d. Rent, of buildings and deductions from 3,614 15 0 79 0 0 659 0 0 80 0 0 270 0 0 I 133 15 0 160 0 0 I 200 0 0 460 0 0 4 0 0 0 510 0 0 140 0 0 30 0 0 473 0 0 : 260 0 0 | 120 0 0 salaries for use of houses and quarters Miscellaneous credits — Laundering .. .. .. 923 .. .. .. .. .. 923 .. .. .. .. .. .. .. 1 Tailoring .. .. .. .. 31 13 6 .. . . .. . . . ,. ! .. 31 13 6 .. .. .. .. .. I Motor cartages .. .. ..I 1,393 9 6 .. .. .. ( j .. , .. .. .. 1,393 9 6 1 Closing stocks — Loose tools .. .. .. 1.240 4 7 21 16 6 301 15 3 15 1 0 51 3 0 13 17 0 48 19 10 22 i9 0 425 4 1 .. 125 11 1 25 8 2 18 10 0 79 5 11 41 15 3 48 18 6 Clothing and bedding on issue .. 14,075 5 6 373 12 7 3.043 19 2 1.193 12 5 2,284 19 1 132 16 7 500 18 10 507 17 10 1,303 15 3 523 18 8 1,328 4 8 788 6 2 239 18 6 882 15 8 559 18 7 410 11 6 Stocks in local store . . . j 6,898 11 7 237 12 3 924 18 11 162 5 7 1,705 0 4 100 10 10 304 11 6 372 12 3 428 0 1 27 8 1 748 16 10 541 17 11 61 1 11 838 12 9 444 0 11 1 1 5 23,648 6 11 j 633 1 4 4,270 13 4 1,370 19 0 4,041 2 5 247 4 5 863 12 5 903 9 1 2,188 12 11 551 6 9 2,202 12 7 1,355 12 3 319 10 5 3,194 3 10 1045 14 9 460 11 5 Gross cost of institution upkeep for year, il69,006 0 1 13,403 7 8 44,422 7 7 2,555 14 9 26,429 11 8 2,313 14 7 4,884 11 5 5,885 4 10 ! 20,081 18 2 1,642 13 0 15,016 12 11 8,273 1 8 '3,311 0 11 17,462 5 8 7,259 15 6 6,063 19 9 carried dow-n Cost per prisoner per annum .. . . j 113-45 j 125-81 112-24 63-02 110-57 110-02 78-70 | 127-13 j 133-08 ! 61-49 123-37 106-72 106-46 126-03 100-50 154-53 Total .. .. .. 196,269 2 0 4,115 9 0 49,352 0 11 4,006 13 9 30,740 14 12,694 14 0 5,908 3 10 6,988 13 11 112,233 19 9 17,729 5 6 9,768 13 11 3,660 11 4 21,129 9 6 8,565 10 3 jfl,644 11 2

B.—l [PT. TV, SUP.].

PRISONS DEPARTMENT— continued. Net Income and Expenditure Account for the Year ended 31st March, 1928.

104

I . I New Point i I . Minor Gaol= Totals. Addington. Auckland. Hautu. Invercargill. i • Napier. Plymouth Halswell Paparua. Rangipo. Waikeria. Waikune. Wanganui. Wellington. Wi Tako. and Police ! J I I i y I I I 1 I I I I Gaols. Expenditure. To £ s. d. I £ s. d. £ s. d. £ s. d. I £ s. d. ' £ s. d. £ s. d. j £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Gross cost of institution upkeep, brought 169,006 0 1 3,403 7 8 44,422 7 7 2,555 14 9 '26,429 11 8 2,313 14 7 4,884 11 5 ;5,885 4 10 20,081 18 2 1,642 13 0 15,016 12 11 8,273 1 8 3,311 0 11 17,462 5 8 7,259 15 6 6,063 19 9 down Losses on industries brought forward after charging labour and supervision, &c. — Block and tile making .. .. 26 13 10 • • • • • • • • • • • • • • 26 13 10 Bootmaking and repairs .. .. 354 1 6 . • 102 1 6 .. 252 0 0 Brickmaking and brickworks .. .. 1,720 7 9 . • • • • • • • •••••* • • • • • • • • • • • • 1 3 720 7 9 Contracts —Labour .. .. .. 9 14 8 • • • • • • 8 19 10 .. 0 14 10 Farms and farm-gardens .. .. 11,892 4 1 •• -• •• 5,703 8 7 .. .. 527 1 0 542 14 3 .. 1,726 11 0 .. .. .. 3,392 9 3 Kitchen-gardens .. .. .. 1,044 10 4 238 9 2 .. .. .. 2 15 0 263 65 .. .. .. .. .. 31 97 506 2 7 .. 2 7 7 Laundering and sewing .. .. 135 19 7 • • • • • • • • • • • • 135 19 7 .. .. .. Sawmilling .. .. .. 70 6 5 .. • • • • • • • • j • • • • • • • • 70 6 5 Quarries and gravel-pits .. .. 1,293 15 10 •• •• •• •• 373 1 3 920 14 t \ .. .. .. .. .. .. .. Miscellaneous industries .. .. 213 9 0 • • • • • • • • • • " '' " * " '" " i " 9 ® 16,761 3 0 238 9 2 102 1 6 .. 5,964 8 5 375 16 3 jl,184 15 10 | 663 0 7 569 8 1 .. 1,726 11 0 70 6 5 31 9 7 719 11 7 |5,112 17 0 2 7 7 Total .. .. .. 185,767 3 1 3,641 16 10 44,524 9 1 2,555 14 9 ;32,394 0 1 2,689 10 10 6,069 7 3 6,548 5 5 20,651 6 3 1,642 13 0 : 16,743 3 11 8,343 8 1 3,342 10 6 ! 18,181 17 3 12,372 12 6 6,066 7 4 Income. By £ s. d. j £ s. d. £ s. d. j & s. d. j £ s. d. I £ s. d. £ s. d. £ s. d. £ s. d. £ g. d. i £ s. d. ! £ s. d. ! £ s. d. j £ g. 4. ' £ s. d. £ s. d. Miscellaneous credits .. .. .. 16 11 2 | .. .. .. .. 16 11 2 Value of prison labour supplied to— Institution.. .. .. .. 3.768 9 9 398 17 0 Dr.441 11 8 Z)r658 13 11 1,643 4 5 336 18 8 240 15 0 319 9 4 Dr.230 19 11 Dr343 5 8 589 4 4 Dr.288 11 2 429 5 10 2,114 16 10 2>r808 6 10 467 7 6 Industries .. .. .. .. 44.237 17 6 396 3 9 12,197 14 10 .. 5,823 4 3 484 16 6 1,879 2 8 992 14 6 4,419 11 5 .. 6,293 10 6 6.198 18 7 34 18 9 1,199 9 5 4,289 1 10 28 10 6 Capital works .. .. .. 22,387 14 0 j .. 2,405 1 4 2,370 15 0 5,557 9 11 4 15 6 .. .. 3,709 13 6 1,434 6 1 , 481 0 0 92 12 5 .. | 5,918 17 0 | 413 3 3 70,394 1 3 j 795 0 9 |14, 161 4 6 1,712 1 1 |13,023 18 7 | 826 10 8 2,119 17 8 |1,312 3 10 7,898 5 0 1,091 0 5 7,363 14 10 | 6,002 19 10 464 4 7 | 9,233 3 3 3,893 18 3 495 18 0 Profits on industries — Bootmaking .. .. .. .. .. .. .. .. j .. • • I • • • • 1 .. .. i .. .. j Contracts — Labour .. .. .. .. 249 1 5 .. 14 2 0 .. .. .. .. .. 4 10 0 .. 16 3 0 .. .. .. 214 6 5 Roadworks and cartage .. .. 390 7 2 .. .. .. .... .. .. .. .. .. 390 7 2 Kitchen-gardens .. .. .. 284 6 0 . . 274 12 6 .. j .. • • .. .. .. 9 13 6 Laundering and sewing .. .. 256 7 3 90 16 5 165 10 10 .. ! .. Mail-bag repairs .. .. . . 709 14 4 .. 709 14 4 .. .... Tailoring .. .. .. .. 1,234 6 5 .. 1,234 6 5 .. .. .. .. .. .. .. .. .. .. .. .... Tinsniithing .. .. .. 146 7 10 .. 146 7 10 Quarries and gravel-pits .. . . 688 1 6 .. 547 2 2 | .. .. j .. .. .. 140 19 4 , 3,958 11 11 90 16 5 3,091 16 1 .. .. j .. •• .. 145 9 1 .. 16 3 0 400 0 S .. .. 214 6 5 Net cost of institution upkeep per annum 111,397 18 9 |2,755 19 8 27,271 8 6- 843 13 8 19,370 1 6 1,846 9 0 3,949 9 7 [5,236 1 7 12,607 11 11 551 12 7 9,363 6 1 1,940 7 7 2,878 5 11 8,948 14 0 8,264 7 10 5,570 9 4 Per prisoner per annum .. .. 74-78 | ' 101-88 68-90 j 20-80 81-03 j 87-80 63-64 113-11 83-54 20-65 76-92 25-03 92-55 64-58 j 114-41 141-95 Total .. .. .. 185,767 3 1 3,641 16 10 44,524 9 1 '2,555 14 9 32,394 0 1 2,689 10 10 6,069 7 3 6,548 5 5 20,651 6 3 1,642 13 0 16,743 3 11 8,343 8 1 3,342 10 6 18,181 17 3 12,372 12 6 6.066 7 4 I I !

B. —1 [PT. IV, SUP.].

PRISONS DEPARTMENT—continued. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. I Assets. Capital Account .. .. .. .. 866,503 14 7 | Rangitoto Island Improvements £ s. d. £ s. d. Treasury Adjustment Account .. .. 113,475 16 6 | Account— Depreciation Reserve .. .. .. 90,309 13 2 Expenditure to 31st March, 1928 4,888 18 8 Writings off Suspense Reserve .. .. 1,447 15 2 Less expenditure to 31st March, Exhibition—Suspense Reserve .. .. 132 15 6 1927, transferred to National Sundry creditors .. .. .. .. 8,533 17 2 Development Account .. 2,679 17 7 Accrued earnings of prisoners .. .. .7,811 4 6 — 2,209 1 1 Deposits .. .. .. .. .. 1,321 4 1 Land and buildings— Freeholds .. .. .. 175,334 9 3 Leaseholds .. .. .. 12,251 2 11 Taupo Land Development Account .. .. .. 26,884 13 2 Buildings .. .. .. 604,935 7 4 ! 819,405 12 8 : Farm and garden assets-Live-stock .. .. .. 14,785 6 1 Crops .. .. .. 6,292 8 0 Gardens and orchards .. 2,313 9 4 Implements and machinery .. 6,203 10 7 Tractors .. .. .. 897 8 10 Harness, loose tools, and sundry stores .. .. .. 2,667 17 6 Apiary .. .. .. 61 4 5 33,221 4 9 Miscellaneous industry and institution assets— Fixed plant.. .. .. 35,194 5 0 Implements and machinery .. 4,173 111 Motor-vehicles .. .. 5,448 3 4 | Lighters .. .. .. 1,064 0 0 Loose tools and harness .. 2,707 2 0 Arms and accoutrements .. 805 6 0 Library and school books .. 769 6 4 Furniture and fittings .. 11,326 14 0 Clothing and bedding .. 14,075 5 6 Band instruments .. .. 230 0 0 Stock in trade and raw materials 5,719 18 1 Stocks in general store .. 8,485 17 8 Stocks in local stores.. .. 7,080 5 0 Stocks in transit .. .. 152 16 8 Horses in quarries and roadworks 504 16 5 97,736 17 11 Sundry debtors .. .. 7,681 15 9 Cash in deposit accounts .. 1,321 4 1 Butterfat bonuses held on deposit 707 3 7 Expenditure paid in advance .. 78 4 3 9,788 7 8 Suspense Accounts,— Writings off— Sundry stores and live-stock 1,447 15 2 Sawmill Realization .. 2,485 110 Terrace Prison demolition .. 5,785 2 4 —— r 9.717 19 4 Revenue Accounts for year ended 31st March, 1928—■ Cost of institutional upkeep .. 98,611 18 10 Industry account balances .. 12,785 19 11 Administration expenses (Crimes Amendment Act and Probation) .. .. 6,058 18 6 117,456 17 3 £1,089,536 0 8 _ £1,089,536 0 8 Note.—The following charges are included in the accounts for which the Department possesses no parliamentary appropriations : (a) Rental value as assessed by the Justice Department and Public Works Department; (6) interest at 4i per cent, on capital as at Ist April, 1927. The cost of erection and maintenance of buildings are appropriated in votes under the control of the Public Works Department. G. 0. Hall, A.8.A.N.Z., Accountant, Prisons Department. B. L. Dallabd, A. 1.A.N.Z., Controller-General of Prisons. I hereby certify that the Institutional Accounts, Subsidiary Working Accounts, 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 hereby, subject to the above depa-rimental note and to the comment: (1) No charge for Head Office Adniinstration has been made against the various Industry Working Accounts. G. F. C. Campbell, Controller and Auditor-General.

14 —B. 1 [PT. IV, Sup.].

105

B.—l TT. IV SUP.].

PUBLIC SERVICE COMMISSIONER'S OFFICE. Income and Expenditube Account fob the Yeab ended 31st March, 1928. Expenditure. Income. £ s. d. £ s. d. To Permanent charges—Salaries .. .. 1,500 0 0 By Examinations .. .. .. 148 IS 4 Appropriations— £ s. d. Balance .. .. .. •• •• 8,353 4 8 Printing and stationery .. 211 19 4 Postage and telegrams .. 86 19 6 Advertising .. .. .. 282 15 0 Appeal Board .. .. 313 11 9 Sundry payments .. .. 18 9 10 Kent .. .. .. 52 0 0 Travelling-expenses .. .. 286 211 Salaries .. .. .. 5,116 0 5 Telephone services .. .. 108 17 8 Office fittings and requisites .. 21 8 2 6,498 4 7 Depreciation (7-J per cent, on £1,518 19s. 6d.) .. 113 18 5 Rent assessed .. .. .. .. 390 0 0 £8,502 3 0 £8,502 3 0 £ s. d. £ s. d. To Balance brought down .. .. .. 8,353 4 8 By Excess of expenditure over income .. .. 8,421 11 9 Interest on capital (4| per cent. 0n£1,518 19s. 6d.) 68 7 1 £8,421 11 9 £8,421 11 9 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, 1927. Balance-sheet as at 31st Mabch, 1928. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital Account .. .. .. .. 1,518 19 6 Office furniture .. .. 1,518 19 6 Treasury Adjustment Account .. .. 7,854 15 2 Addition during year .. .. 19 511 Sundry creditors .. .. .. .. 87, 11 11 1,538 5 5 Depreciation reserve .. .. .. .. 561 15 9 Stationery on hand .. .. .. 50 10 0 Official stamps on hand .. .. .. 12 15 2 Excess of expenditure over income .. 8,421 11 9 £10,023 2 4 £10,023 2 4 12th June, 1928. A. C. Turnbtjll, Secretary, Public Service Commissioner. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

106

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

PUBLIC SERVICE SUPERANNUATION FUND. Revenue Account for the Year ended 31st March, 1928. £ s. d. £ g. d. Amount of fund at beginning of year 2,429,290 711 Retiring-allowances— Members' contributions— To members .. .. .. 307,352 4 2 Under section 19 (ordinary) .. 248,790 5 1 To widows and children .. .. 30,785 16 2 Transferred from other superan- Contributions returned— nuation funds .. .. 510 10 2 Under section 37 (left service) .. 34,352 11 8 Interest on arrears of contributions 439 8 1 Under section 42 .. .. 14,722 4 6 Government subsidy— Under section 34 .. .. 939 3 0 Statutory .. .. .. 86,000 0 0 Under section 22 (g) .. .. 178 16 5 Section 114, Public Service Super- Contributions to other superannuation annuation Act, 1927 .. .. 13,810 10 0 funds (section 120) .. .. 465 8 2 Interest on investments .. .. 146,351 3 6 Loss on realization of security .. 1,658 7 7 Fines, &o. .. .. .. 30.5 5 2 Expenses— Subsidy—Cook Islands and Samoa .. 1,144 10 2 Medical fees .. .. .. 66 3 0 £ s. d. Salaries .. .. .. 2,723 2 0 Refunds, adjusting charges 123 0 4 Audit fees .. .. .. 50 0 0 76 2 6 Heating and lighting .. • 915 3 199 2 10 Rent .. .. .. .. 197 0 0 Cleaning .. .. .. 65 14 4 Messenger service .. .. 53 5 0 Public Trustee's charges .. .. 3,638 0 6 Furniture and fittings .. .. 614 11 Contingencies .. .. .. 54 18 5 Printing and stationery .. .. 167 17 4 Typewriter and other machines (upkeep) .. .. .. 7 18 6 Postages, telegrams, and services .. 165 10 0 Post and Telegraph charges .. 726 6 6 Balance as at 31st March, 1928 .. 2,528,454 5 6 £2,926,841 2 11 £2,926,841 2 11 Balance-sheet as at 31st March, 1928. Liabilities. j Assets. Superannuation Fund Account— £ s. d. Amount invested by the Board — - £ s. d. Balance due from Revenue Account 2,528,454 5 6 I Inscribed stock .. .. .. 440,850 0 0 Add value of office furniture, fittings, Local bodies debentures .. .. 487,100 12 7 and machinery .. .. 565 12 4 | Mortgage securities .. .. 1,605,488 5 6 2,529,019 17 10 2,533,438 18 1 Retiring and other allowances due, in j Contributions due in course of transcourse of payment — mission .. .. .. 21,304 .18 4 To members .. .. .. 3,165 4 0 j Interest due and accrued .. .. 44,455 0 1 To widows and children .. .. 360 8 2 Subsidy-—-Refund of contributions due, in course j Cook Islands and Samoa .. 160 10 5 of payment— Section 114, Public Service SuperanUnder section 37 (left service) .. 1,233 05 j nuation Act, 1927 .. .. 54 13 2 Under section 42 (death) .. 654 10 0 j Balance in hands of Public Trustee .. 12,253 7 7 Under section 120 (other funds) .. 95 10 10 Bank account .. .. .. 5,195 0 9 Expenses due, in course of payment' — j Office furniture, fittings, and machinery 565 12 4 Medical fees .. .. .. 2 2 0 Rates and taxes paid on account of Public Trustee's charges .. .. 1,111 7 6 mortgagors (recoverable).. .. 2,032 16 4 Heating and lighting .. .. 118 9 Cost-of-living bonus (recoverable from Printing and stationery .. .. 7 5 9 Consolidated Fund) .. .. 260 4 4 Post and Telegraph charges .. 152 2 6 ■ Sundry debtor—Mortgage Account .. 282 15 4 Typewriter, &c. (upkeep) .. 0 9 0 Postages, &c. .. .. .. 9 0 4 Contributions paid in advance or in error .. .. .. 289 11 4 Unclaimed account (contributions, &c.) 1,613 6 1 Balance, Government subsidy* .. 64,500 0 0 Post Office Account .. .. 17,788 2 3 £2,620,003 16 9 £2,620,003 16 9 * The Government subsidy is paid in January of each year. Owing to the change in the date of the financial year, to show the true position of the Fund it is necessary to state this item as a liability. Subsidiary Account. C'ost-of-liviny Bonus paid to Annuitants of the Public Service Superannuation Fund on behalf of the Treasury. £ s. d. £ s. d. To Amount disbursed for period Ist April, By Amount received from Treasury .. 3,170 311 1927 to 31«t March, 1928 .. 3,430 8 3 Balance due, 31st March, 1928 .. 260 4 4 £3,430 8 3 £3,430 8 3

107

B.—l [PT. IV, Sup.].

PUBLIC SERVICE SUPERANNUATION FUND—continued. Stipendiary Magistrates' Account. Revenue Account for the Year ended 31st March, 1928. £ s. d. £ s. d. Amount of fund, Ist April, 1927 .. 19,426 310 Administration expenses .. .. 34 18 2 Members' contributions (section 63, Public Retiring-allowances .. .. .. 962 10 0 Service Superannuation Act, 1927) .. 1,871 10 0 Balance as at 31st March, 1928 .. 21,509 11 0 Interest on investments .. .. 1,209 5 4 £22,506 19 2 £22,506 19 2 Balance-sheet as at 31st March, 1928. Liabilities. I Assets. £ s. d. £ s. d. Accumulated Fund .. .. .. 21,509 11 0 ; Mortgage securities .. .. .. 21,509 11 0 William M. Wright, Secretary. R. S. Wogan, Accountant, Wellington, 15th June, 1928. 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. PUBLIC WORKS DEPARTMENT. PUBLIC WORKS FUND : ELLESMERE AND FORSYTH RECLAMATION AND AKAROA RAILWAY TRUST ACCOUNT. (Section 383, Land Act, 1924.) Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. Income. To Expenditure under section 6, Ellesmere Land £ s. d. Drainage Act, 1905— £ s. d. By Rents from Crown lands .. .. .. 1,822 13 7 Interest on loans raised by Board .. .. 439 5 0 Rebates of rent .. .. .. .. 139 12 1 Cost of administration .. .. .. 80 18 1 Balance, being excess of income over expenditure, transferred to Accumulated Fund .. .. 1,162 18 5 £1,822 13 7 £1,822 13 7 Balance-sheet as at 31st March, 1928. Liabilities. \ Assets. Sundry creditors — £ s. d. £ s. d. ! Sundry debtors — £ s. d. £ s. d. Interest under section 6, Ellesmere For rent charged .. .. 11l 17 8 Land Drainage Act, 1905 .. 439 5 0 For postponed rent .. .. 87 1 6 Rents paid or charged in advance 458 13 8 198 19 2 Administration .. .. 0 510 Treasury Adjustment Account .. .. 11,289 7 8 898 4 6 Accumulated fund .. .. .. .. 10,59024 £11,488 6 10 £11,488 6 10 Ist August, 1928. H. Arthur, Acting 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.— G. F. C. Campbell, Controller and Auditor-General.

108

B.—l [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, 1928.

109

EXPENDITURE. ' 1927-28. 1926-27. '■ INCOME. 1927-28. 1926-27. £ s. d. £ s. d. £ s. d. £ s. d. To Retiring-allowances to members .. .. .. 227,860 15 5 215,250 2 1 J By Members'contributions .. .. .. .. 156,798 12 7 153,914 15 6 Allowances to widows and children .. .. .. 27,152 13 9 27,489 2 7 Members'contributions on account of casual service .. 1,801 11 11 3,869 18 6 Refunds of total contributions .. .. .. 14,562 8 4 20,986 5 4 Fines .. .. .. .. .. .. .. 141 10 0 Refunds of contributions in excess of allowances drawn by Subsidies — deceased beneficiaries .. .. .. .. 538 1 2 768 2 7 Working Railways .. .. .. .. 170,000 0 0 j 170,000 0 0 Compensation under the Government Railways Act of 1887 .. 37 1 3 Working Railways, on account of increased allowances to 12,379 16 1 12,608 17 1 Transfers to other funds .. .. .. .. (fl3 1 1 108 14 1 widows and children Interest remitted .. .. .. .. .. 105 0 0 47 9 3 Amalgamated Society of Railway Servants, on account .. 14 19 2 Administration charges — of M. J. Mack Travelling-expenses of Board members .. .. 70 10 0 56 10 0 Interest .. .. .. .. .. .. 58,293 4 11 50,715 14 7 Public Trust Office commission .. .. .. 1,442 1 5 1,190 12 0 Commission on Government Life Insurance collections .. 13 3 2 11 5 3 Public Trust mortgage inspection fees .. .. .. 6 16 3 Donation .. .. .. .. .. .. 0113 Audit Office fees .. .. .. .. .. 50 0 0 50 0 0 Salaries .. .. .. .. .. .. 1,401 2 4 1,413 3 2 Postages .. .. .. .. .. .. 137 3 2 104 16 1 Printing and stationery .. .. .. .. 98 10 2 79 4 11 Balance carried down, being excess of income over expenditure for the year .. .. .. .. .. 125,255 13 1 123,689 0 6 399,286 19 11 j 391,277 0 1 399,286 19 11 : 391,277 0 1 To Balance accumulated funds at 31st March, 1928 .. .. 1,111,199 11 2 985,828 4 0 By Accumulated funds brought forward on 1st April, 1927 .. 985,828 4 0 862,139 3 6 Amounts unclaimed written off — Refunds of contributions .. .. .. .. 98 10 11 Retiring-allowances .. .. .. .. 10 16 3 Widows' allowances .. .. .. .. 6611 Balance brought down .. .. .. .. 125,255 13 1 123,689 0 6 £1,111,199 11 2 ! £985,828 4 0 j £1,111.199 11 2 I£985,828 4 0

B.—l [PT. IV, SUP.].

RAILWAYS SUPERANNUATION FUND—conti nued. Statement of Accounts, etc.— continued. Balance-sheet as at 31st March, 1928.

110

LIABILITIES. ' 1927-28. 1926-27. ASSETS. I 1927-28. 1926-27. £ S. d. £ s. d. £ s. d. £ a. d. Accumulated funds as per Revenue Account .. .. 1,111,199 11 2 985,828 4 0 Investment Account — £ s. d. Casual employees, contingent contributions .. .. 5,744 6 7 2,369 16 11 Investments .. .. .. 1,045,225 5 10 Retiring and other allowances due (not paid) — Cash in hand .. .. .. 6,335 14 1 Members .. .. .. .. .. .. 643 14 8 575 5 8 1,051,560 19 11 922,560 19 11 Widows and children .. .. .. .. .. 187 19 1 119 4 7 Current Account —Cash in hand .. .. .. 25,083 16 10 24,995 5 7 Refunds of contributions authorized (not paid) .. .. 567 11 11 1,182 5 5 Contributions in transit .. .. .. . .12 630 15 9 11 563 9 7 Transfers to other funds authorized (not paid) .. .. 5 0 6 4 14 6 Contributions outstanding .. .. .. .. 976 3 11 1 194 3 4 Interest paid in advance .. .. .. .. 301 1 0 j 308 13 3 Contributions due by members in respect to casual service .. 6,820 2 1 9,644 18 11 Commission due to Public Trustee .. .. .. 123 17 10 104 8 4 Working Railways — Farm inspection fee due to Public Trustee .. .. .. .. 2 12 3 On account of cost-of-living bonus .. .. .. 386 9 1 412 12 5 Sundry creditors (stationery) .. .. .. .. 4 10 0 .. On account of additional allowances to widows and children 949 19 4 984 5 7 Allowances recoverable .. .. .. .. .. 10 0 0 Refunds repayable .. .. .. .. .. 123 16 1 141 14 6 Interest due, not paid .. .. .. .. .. 6,651 10 6 7,012 1 8 Interest accrued but not due .. .. .. .. 13,591 2 10 11,973 14 5 Sundry debtors (insurance premium) .. .. .. 2 16 5 1 19 0 £ 1.118,777 12 9 £990,495 4 11 £1,118,777 12 9 £990,495 4 11

B.—l |PT. IV, Sup.].

RAILWAYS SUPERANNUATION FUND—continued. Statement of Accounts, etc. —continued. Receipts and Payments Account for the Year ended 31st March, 1928. Dr. Receipts. £ s. d. Cr. Payments. £ s. d. To Balance in hands of Public Trustee on 31st By Retiring-allowances paid to members .. 227,779 15 3 March, 1927 .. .. .. .. 24,995 5 7 Allowances to widows and children .. 27,052 1 6 Contributions by staff .. .. .. 160,143 4 3 Contributions refunded to members who have Contributions by contingent contributors .. 4,202 16 6 left the service .. .. .. 15,060 12 6 Receipts from Working Railways Account— Contributions refunded to contingent memSubsidy .. .. .. .. 170,000 0 0 bers who have left the service .. .. 401 10 1 Increased allowances to widows and child- Payments to legal representatives of deceased ren .. .. .. .. 12,414 2 4 beneficiaries under section 120 (c) of Govern-Cost-of-living bonus to annuitants .. 4,720 8 9 ment Railways Act, 1926 .. .. 538 1 2 Interest .. .. .. .. 56,912 3 3 Contributions transferred to other funds .. 612 15 1 Donation .. .. .. .. 0 11 3 Travelling-expenses of Board members .. 70 10 0 Commission on collections of Government Public Trust commission .. .. .. 1,422 11 11 Life Insurance premiums .. .. 13 3 2 I Mortgage-inspection fees .. .. .. 2 12 3 Audit Office charges .. .. .. 50 0 0 Salaries .. .. .. .. 1,401 2 4 Postages .. .. .. .. 137 3 2 Printing and stationery .. .. .. 94 0 2 Payments to annuitants by way of cost-of-living bonus .. .. .. .. 4,694 5 5 Investments .. .. .. .. 129,000 0 0 Insurance premium .. .. .. 0 17 5 Balance of receipts over disbursements .. 25,083 16 10 £433,401 15 1 . £433,401 15 1 J. G. Coates, Chairman of the Government Railways Superannuation Fund Board. H. Valentine, A.R.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. Campbell, Controller and Auditor-General.

111

B.—l [PT. IV, SUP.].

RANGITAIKI LAND DRAINAGE ACCOUNT. Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Or. £ s. d. To Rates, &c., written off .. .. .. 310 710 By Accrued rents .. .. .. .. 143 19 0 Interest on debentures .. .. .. 20,503 0 0 Rates levied to meet maintenance £ s. d. Maintenance of completed works .. .. 2,629 1 6 : cost . . .. .. 2,578 10 6 Excess levy for maintenance rate transferred to Rates levied for repayment of Suspense Account .. .. . . 1,025 0 0 capital and interest .. 2,000 0 0 4,578 10 6 Excess rate levied in previous year transferred in reduction of maintenance costs .. .. 1,267 0 0 Penalty levied on arrears of £ s. d. maintenance rate .. .. 101 15 4 Penalty levied on arrears of capital rate .. .. 101 611 203 2 3 " Thirds" .. .. .. .. 10 4 8 Interest on investments .. .. .. 550 1 10 Interest allowed on sinking-fund contributions.. 20 2 7 Rates for year ended 31st March, 1928, capitalized under section 12 (4; (c), Finance Act, 1927 (No. 2) .. .. ... .. 8,618 17 3 Interest on amount of rates capitalized as above under section 12 (4) (d), Finance Act, 1927 (No. 2) .. .. .. .. 351 5 11 Balance transferred to Drainage Works Account 8,724 5 4 £24,467 9 4 £24.467 9 4 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Loan Account .. .. .. .. 507,500 0 0 Drainage works —Expenditure in connection thereLess loans redeemed under Public £ s. d. with, including wages, supplies, administration, Debt Repayment Act, 1925 .. 15,500 0 0 and engineering expenses, depreciation of plant Securities cancelled and amounts written off, as and capitalized interest charges-reduction under per contra.. .. .. .. .. 15,500 0 0 section 22, Finance Act, 1925 .. .. 326,405 15 0 Less securities cancelled and amounts written off, 492,000 0 0 as per contra .. .. .. ..15,500 0 0 Loans redeemed from Consolidated £ s. d. Fund ~ .. .. 2,500 0 0 310,905 15 0 Less sinking fund in hands of Drainage works —Cost recoverable £ s. d. Public Trustee .. .. 1,525 16 0 out of rates .. .. 205,000 0 0 974 4 o Capitalized interest (section 12, Interest contributed bj 7 Consolidated Fund .. 63,650 19 7 Finance Act, 1927 (No. 2)) .. 15,996 1 3 Unpaid purchase-money for land taken.. .. 210 1 1 220,996 1 3 Sundry creditors—Miscellaneous .. .. 1,540 1 7 Plant and machinery .. .. .. 18,829 12 10 Interest on debentures accrued, but not due .. 4,836 6 2 Live-stock .. .. .. .. .. 310 0 Suspense Account, for maintenance rate levied in Loose tools .. .. .. .. .. 331 3 0 excess of requirements . . .. .. 1,025 0 0 Buildings .. .. .. .. .. 1,246 0 3 Consolidated Fund —Amount overpaid on account Wharves .. .. .. .. .. 330 16 3 of maintenance subsidy .. .. .. 951 0 0 Material and stores .. .. .. .. 1,126 3 9 Suspense Account .. .. .. .. 2,005 8 8 Fuel .. .. .. .. .. 221 8 0 Reserve Account .. .. .. .. 138 14 2 Land for Settlement Account .. .. .. 20 0 0 Rates paid in advance .. .. .. 10 13 10 Sundry debtors for rates .. .. .. 7,145 4 2 Rent paid in advance .. .. .. 16 18 8 Sundry debtors for law-costs .. .. .. 78 10 1 Sundry debtors for rent .. .. .. 7 16 6 Sundry debtors for miscellaneous .. .. 62 14 10 Sundry debtors for interest on investments .. 199 2 2 Cash in hands of Post Office .. .. .. 47 16 8 Cash in Public Account, 31st March, £ s. d. 1928 .. .. .. 3,807 13 0 Cash in Investment Account .. 2,000 0 0 5,807 13 0 £567,359 7 9 £567,359 7 9 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 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 : —• Interest on the amount held by the Public Trustee on behalf of the Public Debt Redemption Fund has been compounded, whereas there is no statutory provision therefor. G. F. C. Campbell, Controller and Auditor-General.

112

8.-—1 [PT. IV. SUP.

RESERVE FUND ACCOUNT. Income and Expenditure Account fob the Year ended 31st March, 1928. Expenditure. £ a. d. I Income. £ s. d. To Excess of income over expenditure .. 90,549 14 10 | By Interest on investments .. .. .. 90,549 14 10 £90,549 14 10 | £90,549 14 10 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. A ssets. Capital Account .. .. .. .. 2,000,000 0 0 Investment AccountExcess of income over expenditure for year Nominal Value. ended 31st March, 1928 .. .. .. 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 I India 3J-per-eent. 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 I 1,283,157 17 11 British War Loan 5-per-cent. stock .. .. .. 1,219,000 0 0 | £2,148,274 17 11 1,928,161 10 10 I Interest accrued on investments .. .. 28,201 110 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, 1928, £481,093 12s. credited to Consolidated Fund. 17th August, 1928. 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.

15— B. 1 [PT. IV, SUP.].

113

B.—l [PT. IV. SUP.].

NEW ZEALAND GOVERNMENT RAILWAYS. Capital Account as at 31st March, 1928.

114

v/ir iiau nijLUU.x x au xa a waux iixjiiwiij 1 v^u. ; Total to 31st March, Year ended Total to 31st March, Total to 31st March, Year ended Total to 31st March. 1927. I 31=t March, 1928. 1928. I 1927. 31st March, 1928. 1928. I | \\ ! l I Expenditure. £ s. d. £ s. d. £ s. d. Receipts. £ s. d. £ s. d. £ s. d. Permanent way, and works, buildings, 38,533,474 2 4 1,951,267 9 4 40,484,741 11 8 From General Government Funds — machinery, and plant (lines open for Public Works Fund .. .. 43,623,289 11 10 556,028 12 6 44,179,318 4 4 traffic) Wellington-Butt Railway Improve- 228,373 5 5 .. 228,373 5 5 Rolling-stock .. .. .. 10,326,989 14 6 121,250 14 8 10,448,240 9 2 ment Account New lines in course of construction by 556,877 8 7 6,128 19 10 563,006 8 5 Railways Improvement Account, 1904 641,275 7 8 .. 641,275 7 8 Public Works Department charged Railways Improvement Authoriza- 2,942,222 10 1 1,419,857 6 4 4,362,079 16 5 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 .. 44,387 3 3 .. 44,387 3 3 Westport Harbour Loans .. 350,000 0 0 .. 350,000 0 0 Road motor services .. .. 13,703 6 2 39,489 15 10 53,193 2 0 Works constructed from Harbour House-factory and sawmill at Frankton 156,813 17 1 .. 156,813 17 1 Board funds — Junction Westport .. .. .. 71,640 0 0 .. 71,640 0 0 Stores and material .. .. 108,547 9 10 Cr. 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 49,696,346 2 10 1,975,885 18 10 51,672,232 1 8 Advances to Capital Account from .. 82,866 5 3 82,866 5 3 Working Railways Account Outstanding liabilities .. .. .. Cr. 4,715 15 4 Gr. 4,715 15 4 49,740,793 1 9 2,009,589 9 10 j 51,750,382 11 7 49,696,346 2 10 2,054,036 8 9 51,750,382 11 7 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.

B.—l [PT. IV, Sup.]

NEW ZEALAND GOVERNMENT RAILWAYS— continued. General Balance-sheet as at 31st March, 1928. Liabilities. Assets. Sundry creditors (including unpaid £ s. d. Sawmills— £ s. d. £ s. d. wages .. .. .. .. 341,010 15 2 Stocks of timber, &e. .. .. .. 283,523 7 0 Collections for refund to Harbour Stores and material on hand— Boards, shipping companies, and Stores Branch .. .. .. 831,465 18 0 other carriers .. .. .. 16,907 7 5 1 Advertising Branch .. .. 1,583 18 1 . General Reserve Fund .. .. 1,375,662 6 1 Refreshment Branch .. .. 7,385 17 11 General Renewals, Betterments, and Training School Hostel .. .. 78 2 6 Depreciation Funds .. .. 933,395 7 0 ! 840,513 16 6 Insurance Funds .. .. .. 36,388 6 0 ! Sundry assets— Items to be written off on receipt of Advertising Branch .. .. 52,437 18 4 Parliamentary authority .. .. 3,941 14.2 Refreshment Branch .. .. 26,357 12 11 Housing Improvements .. .. 7,762 6 4 86,557 17 7 Sundry debtors— Advances to capital .. .. 82,866 5 3 Government Departments .. 16,485 1 5 Advances under Hutt Valley Lands Settlement Act, 1925, and interest thereon .. .. .. 80,805 12 7 Work in progress and sundry debtors .. .. .. 97,634 2 6 277,791 1 9 Less amounts paid in advance .. 35,684 5 11 242,106 15 10 Accrued interest on investments .. 3,102 10 10 Accrued subsidy on branch lines and isolated sections .. .. 35,772 6 10 38,874 17 8 Outstandings at stations— Cash in hand .. .. .. 21,268 12 2 Freight, &c., owing by Government Departments .. .. 44,232 19 2 Freight owing by sundry debtors .. 137,481 11 8 202,983 3 0 Investments .. .. .. 395,000 0 0 Cash in Working Railways Account.. 247,657 12 7 — 642,657 12 7 Net Revenue Account .. .. .. 370,088 5 8 £2,707,305 15 10 , £2,707,305 15 10 H. Valentine, A.K.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.— G. F. C. Campbell, Controller and Auditor-General.

115

B.—l [PT. IV, SUP.].

NEW ZEALAND GOVERNMENT RAILWAYS— continued. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1928.

116

Year 1927-28. Year 1926-27. Gross Revenue. Expenditure. I Net Revenue. I Gross Revenue. Expenditure. j Net Revenue. ; 1 : I y -—! ■ — 1 £ s. d. £ s. d. £ s. d. £ s. d. j £ s. d. £ s. d. Railway operating .. .. .. .. .. 7,343,844 15 1 6,302,118 15 2 1,041,725 19 11 7,423,472 111 j 6,158,282 19 7 1,265,189 2 4 Lake Wakatipu service .. .. .. .. .. 9,885 111 15,626 13 4 Dr. 5,741 11 5 10,272 11 0 15,858 10 5 Dr. 5,585 19 5 Refreshment service .. .. .. .. .. 122,220 7 5 114,643 14 9 7,576 12 8 129,612 6 6 119,567 7 0 10,044 19 6 Advertising service .. .. .. .. 52.600 2 2 48,921 6 11 3,678 15 3 47,387 6 6 42,508 18 2 4,878 8 4 Dwellings .. .. .. .. .. .. 93,643 0 1 162,263 10 7 ! -Dr. 68,620 10 6 83,374 14 1 137,546 18 10 Dr. 54,172 4 9 Buildings occupied by refreshment service, bookstall pro- 20,542 2 0 8,827 12 5 11,714 9 7 20,461 18 7 8,271 7 7 j 12,190 11 0 prietors, &c. Road motor-services .. .. .. •• 32,486 10 10 32,721 8 3 Dr. 234 17 5 8,743 17 3 8,843 16 9 \ Dr. 99 19 6 Miscellaneous revenue .. .. .. •• 359,747 16 9 .. 359,747 16 9 266,108 9 5 .. 266,108 9 5 8,034,969 16 3 6,685,123 1 5 . 7,989,433 5 3 6,490,879 18 4 Total net revenue to Net Revenue Account .. .. .. .. 1,349,846 14 10 •• 1,498,553 6 11 Net Revenue Account. Dr. 1927-28. 1926-27. Cr. 1927-28. 1926-27. . - - 7 £ s. d. £ s. d. £ s. d. \ £ s. d. To Interest on capital .. .. .. .. 2,130,866 17 10 2,043,433 0 4 By Net earnings before charging interest on capital.. 1,349,846 14 10 1,498,553 6 11 Subsidy, branch lines and isolated sections .. 489,567 19 6 445,220 14 6 Deficit carried to Net Revenue Appropriation 291,452 3 6 99,658 18 11 Account 2,130,866 17 10 2,043,433 0 4 2,130,866 17 10 2,043,433 0 4 Net Revenue Appropriation Account. Dr. : 1927-28. i 1926-27. I Cr. „ 1927-28. | 1926-27. | j II I I £ s. d. I £ s. d. £ s. d. £ s. d. To Balance from previous year .. .. .. 78,636 2 2 99,658 18 11 By Balance from previous year .. .. .. .. 21,022 16 9 Net Revenue Account .. .. .. 291,452 3 6 .. Balance carried forward .. .. .. 370,088 5 8 78,636 2 2 370,088 5 8 j 99,658 18 11 370,088 5 8 99,658 18 11

B— 1 [PT. IV, Sup.]

NEW ZEALAND GOVERNMENT RAILWAYS— continued. Income and Expenditure in respect of Railway Operation, Year ended 31st March, 1928.

117

Per Cent, of j I ! Per Cent, of Operating Revenue, j Operating Revenue. EXPENDITURE. 1927-28. 1926-27. i |i REVENUE. 1927-28. 1926-27. ! 1927-28. 1926-27. 1927-28. I 1926-27. £ s. d. £ s. d. £ s. d. £ s. d. Maintenance, way and works .. .. I 1,147,067 1 2 1,074,334 6 11 15-62 14'47 ! Passengers, ordinary.. .. .. 1,886,833 8 11 2,045,348 1 4 25*69 ! 27-56 Maintenance, signals .. .. .. 102,870 12 0 100,861 9 6. 1-40 1-36 Passengers season tickets .. .. 258,462 17 3 258,831 18 7 3-52 3 49 Maintenance, rolling-stock .. .. j 1,380,726 9 3 1,303,443 11 5j 18-80 17-56 Parcels, luggage, and mails.. .. 379,932 13 11 377,367 8 10 5-17 j 5-08 Examination, lubrication, and lighting of | 62,511 18 3 60,094 17 8 0-85 0-81 Goods .. .. .. .. 4,680,135 2 1 4,596,165 14 7 63-73 1 61-91 vehicles Labour, demurrage, &c. .. .. 138,480 12 11 145,758 18 7 1-89 1-96 Locomotive transportation .. .. 1,599,562 3 3 1,609,257 6 5 21-78 21-68 Traffic transportation .. .. .. 1,760,459 8 4 1,752,997 12 11 23-97 23-61 Head Office and general charges .. .. 75,047 11 2 82,286 12 8 , 1-02 1-11 £ s. d. Superannuation subsidy .. 187,074 1 6 Less amount allocated to subsidiary services, &c. " 13,200 9 9 173,873 11 9 175,007 2 1 2-37 2-36 Total operating expenses .. 6,302,118 15 2 6,158,282 19 7 85-81 82-96 Net operating revenue .. 1,041,725 19 11 1,265,189 2 4 14-19 17-04 7,343,844 15 1 7,423,472 1 11 100-00 100-00 7,343,844 15 1 7,423,472 1 11 100-00 100 00

B.—l [PT. IV, Sup.],

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

Income and Expenditure in respect of Refreshment Service.

118

j. I I Per Cent, of Revenue. j Per Cent, of Revenue. EXPENDITURE. 1927-28. 1926-27. REVENUE. i 1927-28. j 1926-27. 1927-28. 1926-27. ! I 1927-28. 1926-27 >1 ' I £ s. d. £ s. d. £ s. d. | £ s. d. Salaries and wages, shore staff .. .. 1,547 0 0 1,463 7 11 15-65 14-24 Ordinary passengers .. .. .. 4,177 11 1 4,474 7 0 42-26 43-55 Salaries and wages, steamer staff .. 5,250 2 8 5,223 14 7 53-12 50-84 Season tickets .. .. .. 168 9 10 184 0 0 1-70 1-79 Coal and stores .. .. .. .. 2,698 4 4 2,755 15 4 27-30 29-99 Parcels, luggage, and mails .. .. 973 11 8 957 4 5 9-85 9-32 Repairs, steamers .. .. .. 2,197 4 5 2,196 0 7 22-23 21-38 Goods .. .. .. .. 4,524 13 10 4,623 3 11 45-78 45-01 Repairs, wharves, &c. .. .. .. 460 1 11 711 12 0 4-65 6-93 Miscellaneous .. .. .. 40 15 6 33 15 8 0-41 0-33 Insurance, renewals, interest, &c. .. .. 3,474 0 0 3,508 0 0 35-13 31-00 — — 9,885 1 11 10,272 11 0 100-00 100-00 • Loss on operation .. .. .. 5,741 11 5 5,585 19 5 58 08 54-38 15,626 13 4 15,858 10 5 158-08 154-38 15,626 13 4 | 15,858 10 5 158-08 154-38

Per Cent, of Revenue. > EXPENDITURE. j 1927-28. 1926-27. — ; REVENUE. ! 1927-28. j 1926-27. 1927-28. 1926-27. . I __ ! II ; I I £ s. d. £ s. d. £ s. d. £ s. d. Salaries and wages .. .. .. 38,555 6 8 37,634 16 5 31-55 29-04 Receipts from refreshments-rooms .. .. .. 122,220 7 5 129,612 6 6 Provisions consumed .. .. .. j 48,138 4 5 51,911 12 7 39-38 40-05 Light, fuel, and water .. .. .. 2,688 18 5 2,651 5 1 2-20 2-05 Freights .. .. .. . j 3,032 8 0 3,245 10 1 2-48 2-50 Rents.. .. .. .. .. 11,132 0 0 10,602 15 9 9-11 8-18 Renewals .. .. .. .. ' 3,527 0 7 3,351 4 10 2-89 2 59 Betterments .. .. .. .. j 1,433 14 5 4,321 15 9 1 17 3-33 Interest, insurance, and miscellaneous .. | 6,136 2 3 5,848 6 6 5-02 4-51 Total expenditure .. .. | 114,643 14 9 119,567 7 0 93-80 92-25 Net profit .. .. .. 7,576 12 8 10,044 19 6 6-20 7-75 122,220 7 5 129,612 6 6 100-00 100-00 122,220 7 5 129,612 6 6

B.—l [PT. IV, SUP.I.

Income and Expenditure in respect of Departmental Dwellings.

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

119

I I I I Per Cent, of Revenue. jPer Cent, of Revenue. EXPENDITURE. j 1927-28. | 1926-27. j REVENUE. 1927-28. 1926-27. ! 1927-28. 1926-27. 1927-28. 1926-27. __ I | ! I I . j £ s. d. £ s. d. £ s. d. £ s. d. Salaries, wages, and allowances .. •• 12,540 12 5 11,778 13 5 23-84 24-86 Advertising-signs, printing, &c. .. .. 51,537 1 3 45,342 0 7 97*98 95 68 Stores and materials .. .. •• 2,875 18 0 2,946 15 2 5*47 6-22 Miscellaneous receipts .. .. .. 1,063 0 11 2,045 5 11 2*02 4'32 Rent of premises, sites, and commission .. 15,367 10 11 13,190 17 4 29-22 27-85 Office and general expenses .. 3,678 3 9 4,076 3 7 6-99 8-60 Interest, insurance, and depreciation .. 14,459 1 10 10,059 18 9 27-49 21-22 Betterments .. .. .. .. .. 456 9 11 .. 0-96 Total expenditure .. .. 48,921 6 11 42,508 18 2 93-01 89-71 Net profit .. .. .. 3,678 15 3 4,878 8 4 6-99 10-29 52,600 2 2 47,387 6 6 100-00 100-00 52,600 2 2 47,387 6 6 100-00 100-00 I 1 i

Per Cent, of Revenue.) | j Per Cent, of Revenue. EXPENDITURE. 1927-28. * 1926-27. , REVENUE. 1927-28. ' 1926-27. J 1927-28. 1926-27. [ I 1927-28. 1926-27. i n 71 1 £ s. d. £ s. d. £ s. d. £ s. d. Wages and charges .. .. .. 43,773 18 2 35,676 2 11 46-75 42-79 Rentals .. .. .. .. j 93,643 0 1 83,374 14 1 100-00 100-00 Materials .. .. .. .. 12,770 12 5 7,978 15 11 13-64 9-57 Net loss .. .. .. ! 68,620 10 6 54,172 4 9 73-28 64-97 Insurance .. .. .. .. 4,059 0 0 3,578 0 0 4-33 4-29 Interest .. .. .. .. 70,742 0 0 63,054 0 0 75-54 75-62 Renewals .. .. .. .. 30,918 0 0 27,260 0 0 33-02 32-70 162,263 10 7 137,546 18 10 173-28 j 164-97 162,263 10 7 137,546 18 10 173-28 164-97

B.—l [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.

120

Per Cent, of Revenue. | EXPENDITURE. 1927-28. 1926-27. REVENUE. 1927-28. ! 1926-27. 1927-28. 1926-27. £ s. d. £ s. d. £ s. d. £ s. d. Wages and charges .. .. .. 1,689 11 4 1,550 4 7 8-22 7-57 Rentals .. .. .. .. .. .. j 20,542 2 0 20,461 18 7 Materials .. .. .. .. 562 1 1 557 18 0 2-74 2-73 Insurance, interest, and renewals .. 6,576 0 0 6,163 5 0 32-01 30-12 Total expenditure .. .. 8,827 12 5 8,271 7 7 42-97 40-42 Net profit .. .. .. 11,714 9 7 12,190 11 0 57-03 59-58 20,542 2 0 1 20,461 18 7 100-00 100-00 20,542 2 0 ! 20,461 18 7 i I I

Per Cent, of Revenue. Per Cent, ol Revenue. EXPENDITURE. 1927-28. 1926-27. : REVENUE. 1927-28. 1926-27. , 1927-28. 1926-27. 1927-28. j 1926-27. ■ # I £ s. d. i £ s. d. j \ £ s. d. £ s. d. Superintendence — salaries and office ex- ! 3,407 0 2 j 656 15 7 10-49 7-51 |i Passengers .. .. .. .. j 31,381 13 10 8,527 0 9 96-60 97-52 penses I Parcels .. .. .. ..I 1,045 12 11 200 18 2 3-22 2-30 Maintenance charges .. .. .. 4,953 15 3 j 940 5 4 15-25 10-75 Advertising .. .. .. .. 59 4 1 15 18 4 0-18 0-18 Running expenses .. .. .. 15,875 2 5 j 4,922 18 3 48-86 56-31 License fees .. .. .. .. 837 15 0 177 7 2 2-58 2-03 | — Interest, insurance, and depreciation .. 7,435 15 7 1,900 4 2 22-89 21-73 j! Total revenue .. .. .. 32,486 10 10 8,743 17 3 100-00 100-00 Net operating profit .. .. .. .. 146 6 9 .. 1-67 J| Net operating loss .. .. 22 17 7 .. 0-07 32,509 8 5 | 8,743 17 3 100-07 100-00 j 32,509 8 5 8,743 17 3 100-07 100-00 Net operating loss .. .. .. 22 17 7 j .. Net operating profit .. .. .. 146 6 9 Preliminary expenses .. .. .. 211 19 10 246 6 3 j Net loss .. .. .. 234 17 5 99 19 6 234 17 5 246 6 3 234 17 § 246 6 3 ' | JJ ' I

B. —1 [FT. IV, SUP.].

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

16— B. 1 [PT. IV, SUP.].

121

Dr. 1927-28. j 1926-27. Cr. | 1927-28. j 1926-27. £ s. d. £ s. d.\ j £ s . d. £ s. d. To Stock of timber, firewood, and logs on hand at 1st April, 129,728 12 1 145,431 2 0 By Sales, issues, and transfers — £ s. ■ d. I 1927 j " Timber .. .. .. .. 134,453 19 11 Purchases and transfers — £ s. d. Firewood .. .. .. .. 3,687 2 1 Timber .. .. .. .. 25,747 12 1 Logs .. .. .. .. 35,282 18 9 Firewood.. .. .. .. 1,228 11 4 173,424 0 9 197,283 1 11 Logs .. .. .. .. 36,189 3 3 ■ i Stocks on hand at 31st March, 1928 — 63,165 6 8 67,080 18 7 Timber .. .. .. .. 99,005 7 10 Firewood .. .. ,. .. 148 18 0 Royalty payments .. .. .. .. .. 9,680 17 6 12,868 11 8 Logs .. .. .. .. 729 7 4 Wages .. .. .. .. .. .. 33,961 19 6 43,794 17 7 — 99,883 13 2 129,728 12 1 Salaries and miscellaneous payments, including interest 52,595 16 3 66,919 2 9 Rents .. .. .. .. .. .. 538 14 3 420 13 3 on capital Written off to Reserve Account .. .. .. 11,378 17 6 8,662 5 1 Net loss carried forward .. .. .. .. 3,907 6 4 289,132 12 0 336,094 12 7 j 289,132 12 0 336,094 12 7

K— 1 [PT. TV, SUP.].

NEW ZEALAND GOVERNMENT RAILWAYS —continued. Statement of Cash Receipts and Payments—Working Railways Account. Receipts. £ s. d. Payments. £ s. d. To Balance brought forward .. 364,514 2 7 By Wages and vouchers .. .. 7,388,249 3 5 Investments realized .. .. 255,000 0 0 Refunds to Harbour Boards, shipRevenue receipts .. ~ 7,963,489 0 5 ping companies, and other carriers 237,977 18 8 "Credits in aid" (Working Rail- Interest on capital .. .. 2,130,866 17 10 ways expenditure) .. .. 1,063,613 9 9 Investments .. .. .. 150,000 0 0 Receipts from Consolidated Fund Balance as per general balanceunder subsection 1 (b) of section 37 sheet .. .. .. 247,657 12 7 of Government Railways Act, 1926 (Subsidy—Branch lines and isolated sections) .. .. 484,658 14 6 Interest on investments .. .. 23,476 5 3 I £10,154,751 12 6 j £10,154,751 12 6 Reconciliation Statement. £ ». d. Credit balance in Working Railways Account as per Treasury figures .. 193,200 19 11 Add Imprests outstanding .. .. .. .. .. .. 54,229 10 7 Add Remittance outstanding .. .. .. .. .. 227 2 1 Credit balance as per above statement .. .. .. .. £247,657 12 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 4,730 5 9 By Balance from previous year .. 9,826 6 7 Balance . .. .. .. 26,600 0 10 Contributions debited to working expenses .. .. .. 21,504 0 0 £31,330 6 7 £31,330 6 7 Workers' Compensation Fund. Expenditure. £ s. d. Income. £ s. d. To Accident payments .. .. 41,198 5 1 By Balance from previous year .. 14,975 8 9 Balance .. .. .. .. 18,259 17 6 Premiums debited to working-expenses 44,482 13 10 £59,458 2 7 £59,458 2 7 Insurance Fund. Expenditure. £ s. d. Income. £ s. d. To Fire losses on— By Balance from previous year .. 10,443 12 8 Operating buildings .. .. 446 0 0 Premiums debited to working-expenses 12,372 10 0 Dwellings .. .. .. 315 3 7 Upkeep Railway lire brigades and fire appliances .. .. .. 3,926 10 7 Balance .. .. .. .. 18,128 8 6 £22,816 2 8 £22.816 2 8 General Renewals and Depreciation Fund. Expenditure. £ s. d. Income. £ s. d. To Relaying of track .. .. 140,989 13 0 ! By Balance from previous year .. 636,738 9 3 Bridges, buildings, &c. .. .. 12,084 15 2 ; Contributions debited to working-Rolling-stock .. ~ .. 139,057 7 1 expenses .. .. .. 615,674 0 0 Locomotive workshops and plant .. 29,170 12 I Dwellings .. .. .. 240 0 0 Balance .. .. .. .. 930,870 1 II £1,252,412 9 3 j £1,252,412 9 3 Betterment Fund. Expenditure. £ s. d. Income. £ s. d. To Way, works, buildings, and structures 25,420 12 2 By Balance from previous year .. 13,699 5 9 Signals, &c. .. .. 4,046 7 6 Contributions debited to working-Rolling-stock .. .. .. 8,307 110 expenses .. .. .. 1,433 14 5 Refreshment service .. .. 1,433 14 5 Balance .. .. .. .. 24,074 15 9 £39,207 15 11 £39,207 15 11

122

B.—l [PT. IV, SUP.].

SCENIC RESERVES ACCOUNT. Receipts and Payments Account fob the Year ended 31st March, 1928. Receipts. £ s. d. ! Payments. £ s. d. To Rents from reserves .. .. 640 5 2I By Refunds of rents .. .. .. 20 4 2 Royalties from timber, &c. .. .. 948 16 j Refunds of royalties .. .. 419 6 Amount recovered in reduction of vote j Scenery-preservation vote expenditure as per contra .. 22 5 2 expenses— Repayment of capital—Amount paid out I Capital expenditure on £ s. d. of Scenery Preservation Account in j reserves ... .. 5,614 11 0 1924-25 (now recouped from Land for j Compensation for Native Settlements Account) .. .. 5,094 84 j land taken.. .. 38 610 Expenditure on Trounson Kauri Forest .. 744 13 3 Surveys and valuations, &c. .. .. 53 1 6 Expenses of Board .. 16 15 5 Miscellaneous.. .. 132 2 10 6,599 10 10 Amount wrongly credited to Scenery Preservation receipts in previous year 50 0 0 Balance transferred to Treasury Adjustment Account .. .. .. 30 5 8 £6,705 0 2 £6,705 0 2 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Or. £ s . d. To Loan repayments (principal and interest) By Accrued rents .. .. .. 901 911 under section 47, Land for Settlements Accrued royalties .. .. .. 947 2 3 Act, 1925 .. .. .. 51 12 5 Miscellaneous receipts—Credits in reduc- " Thirds" and " halves" .. .. 69 3 2 tion of expenditure .. .. 1 18 3 Rebates of rents .. .. .. 6 2 6 Balance, loss for year carried down .. 8,288 16 6 Writings-off in Suspense—Rents irrecoverable .. .. .. 64 15 4 Expenses of Scenic Reserves Board .. 16 15 5 Expenses in connection with Trounson Kauri Forest .. .. .. 744 13 3 Surveys, valuations, &c. .. .. 53 1 6 Miscellaneous .. .. .. 132 2 10 Remissions of rent by Revaluation Board 141 12 0 Remissions of rent under section 6 (1), Deteriorated Lands Act, 1925 .. 469 3 6 Interest on capital invested in scenic reserves .. .. .. ..8,39050 £10,139 6 11 £10,139 6 11 £ s. d. To Balance forward from previous year .. 20,630 4 5 By Balance, accumulated excess of charges £ s. d. Balance brought forward .. .. 8,288 16 6 over revenue .. .. .. 29,076 6 8 Adjustment on account of previous year 157 5 9 £29,076 6 8 £29,076 6 8 Balance-sheet as at 31st March, 1928. Liabilities. Assets. £ s. d. Capital Account— £ s. d. £ s. d. Land—Scenic reserves .. .. 235,695 210 Balance, Ist April, 1927 186,449 17 4 Waikaremoana watershed area—to be Capital expenditure, &c. taken over from Native Land Settleduring year .. 5,614 12 0 ment Account .. .. .. 9,766 13 4 Sundry debtors for — £ s. d. 192,064 9 4 i Rents .. ..186 10 5 Less capital repaid .. 5,094 8 4 i Royalties .. .. 0 13 186 11 8 186,970 1 0 Postponed rent .. .. .. 87 0 0 Reserve Account —Value Outstanding rents in Suspense Account .. 66 15 4 of Crown lands set Revenue Account —Accumulated excess of aside as reserves .. 51,051 6 5 charges over revenue .. .. 29,076 6 8 238,021 7 5 Treasury Adjustment Account .. 26,605 15 8 Sundry creditors, for compensation payable on land taken for reserves .. 208 0 0 Liability to Native Land Settlement Account in respect of Waikaremoana watershed area .. .. .. 9,766 13 4 Rents paid in advance .. .. 58 0 6 Rents charged in advance .. .. 151 17 7 Writings-off in Suspense Account .. 66 15 4 £274,878 9 10 £274,878 9 10 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 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 AuditorGeneral.

123

B.—l [PT. IV, Sup.].

SCIENTIFIC AND INDUSTRIAL RESEARCH DEPARTMENT. i HEAD OFFICE. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 2,470 2 6 By Contribution towards research .. .. 2,347 5 1 Advertising, books, &c. .. .. .. 10 17 5 Balance carried down .. .. .. 16,132 4 8 Advisory Council, allowances and expenses .. 706 15 0 Contingencies .. .. .. •. 13 5 Grants for research .. .. .. 10,616 17 9 Postage and telegrams .. .. .. 101 1 9 Printing and stationery .. .. .. 116 510 Telephone services .. .. .. 33 15 0 Travelling allowances and expenses .. 273 3 1 Rent .. .. .. • • ■ • 166 0 0 New Zealand Journal of Science and Technology 424 5 3 Main Highways laboratory .. .. 556 17 3 Research scholarships .. .. .. 748 11 9 New Zealand Institute . .•• .. 668 3 6 Office accommodation .. .. .. 71 12 6 Liaison officer .. .. .. . ■ 13 17 9 New Zealand Institute (Special Acts) .. 1,500 0 0 £18,479 9 9 £18,479 9 9 £ s. d. £ s. d. To Balance brought down .. .. .. 16,132 4 8 By Excess expenditure over income after charging Interest on capital .. .. .. 17 1 6 interest on capital and depreciation .. 16,179 0 9 Depreciation .. .. ■. 29 14 7 £16,179 0 9 £16,179 0 9 Noth.—The following charges are included for which the Department possesses no parliamentary appropriation : (as) Rental value as assessed by Public Works Department; (b) interest at 4| per cent, on capital. GEOLOGICAL SURVEY OFFICE. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. • Income. £ s. d. To Salaries .. .. .. •• •• 3,661 16 4 By Sale of bulletins, maps, &c. .. .. 41 3 5 Advertising, books, &c. .. .. •• 42 2 6 Balance carried down .. .. .. 7,445 13 1 Contingencies .. .. .. .. 21 3 7 Fault-map of New Zealand .. .. ... 50 0 0 Field expenses .. .. . • . • 84 811 Freight, cartage, &c. .. .. .. 21 12 1 Fuel, light, and water .. .. .. 41 12 7 Instruments, purchase and repairs .. .. 1112 Instrument and outfit allowance .. . • 120 2 10 Office fittings and requisites .. .. 6 2 9 Postage and telegrams .. • • . ■ 39 4 1 Printing bulletins .. .. . • 612 14 5 Printing and stationery .. .. .. 30 8 8 Rent 235 0 0 Telephones . ■ .. • • • • 26 5 0 Tools and field equipment .. .. •. 10 15 0 Travelling allowances and expenses .. .. 122 4 4 Wages of field hands .. .. ■■ 1,205 13 5 Depreciation .. .. .. .. 353 18 10 Compassionate allowance .. .. .. 800 0 0 £7,486 16 6 £7,486 16 6 £ s. d. £ s. d. To Balance brought down .. .. .. 7,445 13 1 By Excess expenditure over income after charging Interest on capital .. .. .. 657 15 7 interest on capital .. .. .. 8,103 8 8 £8,103 8 8 ! £8,103 8 8 Note. —Interest at 4| per cent, on capital has been charged, for which the Department possesses no parliamentary appropriation.

124

B.—l [FT. IV, SUP.].

SCIENTIFIC AND INDUSTRIAL RESEARCH DEPARTMENT —continued. METEOROLOGICAL OFFICE. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 2,582 4 8 ! By Miscellaneous receipts .. .. .. 5 110 Contingencies .. .. .. .. 17 15 7 Excess of expenditure over income .. .. 7,281 6 6 Fuel, light, &c. .. .. .. .. 7 113 Instruments, purchase and repairs .. .. 15 18 11 Observatories, maintenance of, and establishment .. .. .. .. .. 177 13 11 Office-cleaning .. .. .. .. 600 Office fittings and requisites .... 1 6 9 Postages, telegrams, &c. .. .. .. 3,614 6 0 Printing and stationery .. .. .. 281 ' 5 5 Rent .. .. .. .. .. 256 0 0 Telephone services .. .. .. 78 17 1 Travelling allowances and expenses .. .. 247 17 11 £7,286 17 6 £7,286 17 6 £ s. d. £ s. d. To Balance brought down .. .. 7,281 6 6 By Excess of expenditure over income after chargInterest on capital.. .. .. .. 126 4 2 ing interest on capital and depreciation .. 7,617 7 3 Depreciation .. .. .. .. 209 16 7 £7,617 7 3 £7,617 7 3 Note. —Interest at 4| per cent, on capital has been charged for which the Department possesses no parliamentary appropriation. DOMINION LABORATORY. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 7,625 5 1 By Laboratory fees .. .. .. .. 20 9 6 Advertising, books, &c. .. .. .. 9 0 4 Analyses fees .. .. ... 400 9 6 Chemicals, apparatus .. .. .. 1,766 410 Miscellaneous receipts .. .. .. 0 6 6 Cost of transport .. .. .. .. 234 0 0 Balance .. .. .. .. 12,197 210 Contingencies .. .. .. .. 15 14 5 Expenses of accident .. .. .. 269 11 2 Fees, University .. .. .. .. 12 6 0 Freight, cartage, &c. .. .. .. 319 5 9 Fuel, light, &c. .. .. .. .. 408 5 7 Laboratory accommodation .. .. 126 17 7 Office fittings and requisites .. .. 34 12 9 Postage and telegrams .. .. .. 101 0 9 Printing and stationery .. .. .. 151 10 11 Rent, Auckland .. .. .. .. 275 7 8 Rent, Dunedin .. .. .. .. 129 910 Subscriptions to Technological Societies .. 56 14 0 Telephone services .. .. .. 107 18 6 Travelling allowances and expenses .. .. 276 2 9 Rent, Head Office and Christchurch .. 539 0 0 Depreciation .. .. .. .. 260 0 5 £12,618 8 4 £12,618 8 4 £ s. d. £ s. d. To Balance .. .. .. .. 12,197 210 By Excess expenditure over income .. .. 12,410 4 8 Interest on capital .. .. .. 213 1 10 £12,410 4 8 i £12,410 4 8 i ..... 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 4Jt per cent, on capital.

125

B.—l [PT. IV, SUP.].

SCIENTIFIC ANU INDUSTRIAL RESEARCH DEPARTMENT—continued. DOMINION OBSERVATORY. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. l,oBfci 19 0 By Balance carried down .. .. .. 2,225 511 Astronomical sites, testing of .. .. 31 2 3 General expenses .. .. .. 242 8 0 Grounds, maintenance of .. .. .. 37 10 0 Instruments, purchase and repairs .. .. 220 6 8 Rent .. .. .. .. .. 607 0 0 £2,225 5 11 £2,225 5 11 £ s. d. £ s. d. To Balance brought down .. .. .. 2,225 511 By Excess expenditure over income .. .. 2,601 18 9 Interest on capital .. .. .. 123 12 7 Depreciation .. .. .. .. 253 0 3 £2,601 18 9 £2,601 18 9 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 -U per cent, on capital.

Balance-sheet as at 31st March, 1928.

E. Marsden, Secretary. I hereby certify that the 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. 0. Campbell, Controller and Auditor-General.

126

Head Office. Geological Surrey. Meteorological ; Dominion j Dominion Total. ° J Office. j Laboratory. Observatory. Liabilities. £ s. d. £ s. d. £ s. d. ( £ s. d. £ s. d. £ s. d. Capital .. .. .. | 2,432 14 2 14,617 6 5 2,804 12 8 | 4,735 6 10 2,747 5 11 27,337 6 0 Sundry creditors .. .. j 471 1 9 203 7 2 152 9 2 118 18 2 45 0 8 990 16 11 Depreciation Reserve .. j 29 14 7 2,741 11 10 1,809 10 7 | 1,276 2 10 1,580 13 8 7,437 13 6 Treasury Adjustment Account j 16,401 3 4 5,521 16 8 6,291 4 3 j 11,643 7 5 1,043 5 4 40,900 17 0 Assets written off Reserve .. 1 .. 0 13 8 .. i .. .. 0 13 8 i I » 19,334 13 10 23,084 15 9 11,057 16 8 j 17,773 15 3 5,416 5 7 76,667 7 1 Assets. £ s. d. £ s. d. £ s. d. £ s. d. ! £ s. d. £ s. d. Furniture and fittings .. 316 17 4 440 9 5 167 5 10 435 11 1 351 2 1 1,711 5 9 Mechanical appliances .. 76 11 6 .. 96 0 0 60 3 9 2,138 17 5 2,371 12 8 Books, &c... .. .. 2,111 9 7 6,726 5 8 42 9 4 1,030 3 7 259 2 2 10,169 10 4 Stamps on hand .. .. 770 .. .. .. | .. 770 Research apparatus.. .. 624 147 .. .. .. .. 624 14 7 Instruments .. .. .. 321 13 11 2,925 17 8 .. .. 3,247 11 7 Photographic apparatus .. .. .. .. .. 65 5 2 65 5 2 Fossils and collections .. .. 7,192 2 10 .. .. .. 7,192 2 10 Tools and equipment .. .. 85 15 8 .. .. .. 85 15 8 Sundry debtors .. . . 18 13 1 192 2 6 .. .. .. 210 15 7 Stocks on hand .. .. .. 22 17 1 .. .. .. 22 17 1 Buildings .. .. . . .. .. 208 16 7 .. ' .. 208 16 7 Laboratory appliances .. .. .. .. 2,214 9 3 .. 2,214 9 3 Platinum .. .. .. .. .. .. 1,623 2 11 .. 1,623 2 J.1 Excess expenditure over income 16,179 0 9 8,103 8 8 7,617 7 3 12,410 4 8 2,601 18 9 46,912 0 1 19,334 13 10 23,084 15 9 ! 11,057 16 8 17,773 15 3 5,416 5 7 76,667 7 1

B.—l [PT. IV, SUP.].

STAMP DUTIES DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1928. Expenditure. j Income. To Refunds totalizator duty under section 8, £ s. d. £ s. d. Finance Act, 1925 .. .. .. 24,236 2 6 By Adhesive stamps .. .. .. 85,310 17 3 Postages and telephones .. .. 1,182 17 1 Duty on instruments .. .. .. 429,539 011 Relieving and other allowances .. .. 63 3 0 Death duties .. .. .. .. 1,908,082 17 1 Salaries and wages .. .. .. 21,806 18 9 Gift duties .. .. .. .. 51,509 13 9 Printing and stationery .. .. 1,447 11 5 Fines and penalties .. .. .. 4,965 14 10 Law-costs .. .. .. .. 58 12 2 Impressed stamps and bank-cheques duty 190,849 8 0 Fuel, light, and cleaning .. .. 149 13 0 Company licenses .. .. .. 71,140 4 7 Transfer and travelling-expenses .. 235 12 4 Bank-note duty .. .. .. 193,597 11 1 Freight and cartage .. .. .. 164 8 9 Racing revenue .. .. , . 563,885 0 4 Office supplies .. ~ .. 85 15 1 Amusement-tax .. .. .. 63,965 3 0 Stamp printing .. .. .. 493 19 1 Sharebrokers' licenses .. .. .. 672 0 0 Valuation fees .. .. .. 320 15 8 Crown and Native rates .. .. 275 13 9 Rent of offices .. .. .. 3,305 4 11 Miscellaneous receipts .. .. .. 33 7 6 Totalizator inspection .. .. .. 985 6 ,10 Remission of death duties re J. J. McGregor (deceased) .. .. .. .. 2,158 6 5 Depreciation .. .. .. .. 823 1 0 Balance carried down .. ~ .. 3,506,309 4 1 £3,563,826 12 1 £3,563,826 12 1 £ s. d. £ s. d. To Interest on capital .. .. .. 560 6 9 By Balance brought down .. .. .. 3,506,309 4 1 Accrued Penalty Reserve .. .. 1,777 18 0 Recoveries on account of expenditure preExcess of income over expenditure after vious years .. .. .. .. 4,893 19 6 charging interest on capital .. .. 3,508,864 18 10 £3,511,203 3 7 £3,511,203 3 7 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 4J per cent, on capital as at Ist April, 1927. Depreciation has been allowed for on balance of assets as at Ist April, 1927, the total charge being carried to a Depreciation Reserve. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital as at Ist April, 1927 .. .. 13,672 2 1 Cash in hand of Receivers .. .. .. 151 111 Sundry creditors — £ s. d. Cash in Deposit Accounts .. .. .. 309 4 3 Refunds . . .. .. 1,819 5 6 £ s. d. Expenditure .. .. 1,254 7 1 Furniture .. .. .. 3,876 12 6 3,073 12 7 Additions during year .. 155 1 1 Sundry depositors .. .. .. 309 4 3 Depreciation Reserve .. .. • .. 4,891 13 2 4,031 13 7 Balance (excess of income, over expenditure for Less disposals during year .. 30 15 7 year ended 31st March, 1928) .. .. 3,508,864 18 10 4,000 18 0 Mechanical appliances .. 1,025 9 7 j Plant and machinery .. .. . . 8,595 0 0 Library .. .. .. . . .. 175 0 0 ! Stock of paper and stamps on hand .. .. 5,364 .19 6 £ s. d. ! Sundry debtors .. .. 366,759 11 2 Less accrued penalty reserve 4,099 4 0 362,660 7 2 Treasury Adjustment Account .. .. 3,148,529 10 6 £3,530,811 10 11 £3,530,811 10 II 28th May, 1928. 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.

127

B.—l [PT. IV, SUP.].

STATE ADVANCES OFFICE. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1928. Liabilities. £ s. <J. Assets. £ s. d. Sundry loans .. .. .. .. 19,342,780 3 5 Investment Account — Principal owing by Temporary advances from— mortgagors . .. .. .. 16,955.067 9 2 Public Debt Sinking Fund £ s. d. Temporary investments .. .. .. 150,000 0 0 Branch .. .. 108,000 0 0 Temporary advances to— £ s. d. Advances Office Sinking Workers Branch .. 1,810,500 0 0 Fund Account .. 666,500 0 0 Local Authorities Branch 374,500 0 0 Miscellaneous Business Rural Advances Branch .. 270,500 0 0 Branch .. .. 269,400 0 0 2,455,500 0 0 ■ 1,043,900 0 0 Sinking Fund investments held by Advances Amount held for investment on behalf of the Office Sinking Fund Account .. .. *1,804,662 15 2 Housing Insurance Fund .. .. 4,392 -8 0 Interest on mortgages— £ s. d. Advances Suspense Account .. .. 13,710 0 0 Overdue .. .. 169,882 5 9 Fire Loss Suspense Account .. .. 16,942 14 1 Accrued .. .. 215,402 18 8 Income-tax Suspense Account .. .. 8,936 6 6 385,285 4 5 Sundry creditors .. .. .. .. 1,708 14 0 Interest on temporary investments accrued .. 36 19 9 Interest on loans accrued but not due .. 167,661 7 7 Office furniture and equipment .. .. 6,137 17 1 Reserve for bad debts .. .. .. 63,291 15 5 Sundry debtors .. .. .. .. 65,552 10 5 Sinking Fund .. .. .. .. 1,445,997 13 3 Loan Charges Account .. .. .. 192,217 13 7 Reserve Fund .. .. .. .. 25,000 0 0 Cash in hand and in bank at 31st March, 1928 119,860 12 8 £22,134,321 2 3 £22,134,321 2 3 * This amount includes the sum of £358,665 Is. lid. capital paid into the Sinking Fund under the provisions of the State Advances Act. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s . d. To Management Expenses Account .. .. 35,099 11 2 By Interest Account—Gross profits .. .. 123,723 16 3 Loss on realization of securities and doubtful securities written down.. .. .. 39,222 1 9 Office furniture and equipment written down 323 0 11 Balance —Net profits for the year .. .. 49,079 2 5 £123,723 16 3 £123,723 16 3 £ s. d. £ s . d. To Loan-flotation charges written down .. 12,351 411 By Net profits for the year .. .. .. 49,079 2 5 Income-tax .. .. .. .. 8,937 5 9 Balance of net profits invested in Advances Office Sinking Fund Account .. .. 27,790 11 9 £49,079 2 5 £49,079 2 5 Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 875,205 14 1 By Interest on mortgages .. 878,773 2 5 Loss accrued at 31st March, Less overdue and accrued at 1927 .. .. .. 176,996 19 10 31st March, 1927 .. .. 354,561 11 0 698,208 14 3 524,211 11 5 Interest on loans accrued but Tiot due .. 167,661 7 7 Interest on outstanding payments .. .. 49 18 8 Interest on amounts temporarily transferred Interest on bank balances .. .. .. 792 15 7 from other branches .. .. .. 39,294 3 0 Interest on temporary advances to other Balance —Gross profits transferred to Profit and branches .. .. .. .. 118,435 15 5 Loss Account .. .. .. .. 123,723 16 3 Interest on temporary invest- £ s. d. ments .. .. 8,071 12 9 Less accrued at 31st March, 1927 .. .. .. 7,995 16 11 75 15 10 Interest on temporary investments accrued at 31st March, 1928 . . .. .. 36 19 9 Interest on mortgages— £ s. d. Overdue at 31st March, 1928 169,882 5 9 Accrued but not due at 31st March, 1928 .. .. 215,402 18 8 385,285 4 5 £1,028,888 1 1 £1,028,888 1 1

128

B.—l [PT. IV, SUP.].

STATE ADVANCES OFFlCE—continued. ADVANCES TO SETTLERS BRANCH—continued. Management Expenses Account fob the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Advertising, newspapers, &c. .. .. 7 5 8 By Consent fees .. .. .. .. 28 5 0 Audit Office services .. .. .. 390 0 0 Production fees .. .. .. .. 649 1 6 Cleaning, lighting, heating, and messenger Release fees .. .. .. .. 241 16 3 services .. .. .. .. 528 17 9 Sundry fees .. .. .. .. 7 10 7 Compassionate allowance to Mrs. Wilson .. 83 15 0 Balance transferred to Profit and Loss Account 35,099 11 2 Management charges on New Zealand stock and bonds .. .. .. .. 5,185 7 5 Meal allowances and overtime .. .. 559 16 0 Office maintenance .. .. .. 880 7 7 Postages and telegrams .. .. .. 785 11 5 Post Office services .. .. .. 1,513 14 6 Printing and stationery .. .. .. 231 18 11 Public Service Superannuation Fund contribution .. .. .. .. .. 326 10 11 Rent .. .. .. .. .. 2,424 8 10 Salaries.. .. .. .. .. 21,375 0 8 Solicitors' costs and Court costs .. .. 44 5 0 Telephones .. .. .. .. 110 11 9 Travelling-expenses .. .. .. 729 0 0 Typewriters and adding-machines—Repairs .. 199 13 1 Valuation Department—-Agency work .. 650 0 0 £36,026 4 6 £36,026 4 6 Wm, Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General. RURAL ADVANCES BRANCH. Statement of Liabilities and Assets as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 543,300 0 0 Investment Account—Principal owing by mortTemporary advances from Settlers Branch .. 270,500 0 0 gagors .. .. .. .. .. 750,946 9 11 Advances Suspense Account .. .. .. 9,260 0 0 Temporary investment .. .. .. 283 10 0 Fire Loss Suspense Account .. .. .. 200 0 0 Interest on mortgages— £ s. d. Suspense Account .. .. .. .. 95 19 3 Overdue .. .. .. 2,030 0 2 Sundry creditors .. .. .. .. 1,206 17 2 Accrued .. .. .. 9,282 2 0 Interest on loans accrued but not due .. 564 18 3 — 11,312 2 2 Profit and Loss Account .. .. .. 86 10 5 Loan Charges Account .. .. .. 33,899 16 6 Cash in hand and in bank at 31st March, 1928 .. 28,772 6 6 £825,214 5 1 £825,214 5 1 Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s . d. To Management Expenses Account .. .. 744 0 0 By Interest Account —Gross profits .. .. 830 10 5 Balance —Net profits for the year .. .. 86 10 5 £830 10 5 £830 10 5 Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s . d. To Interest on loans .. .. .. 1,206 17 2 By Interest on mortgages .. .. .. 7,472 17 4 Interest on loans accrued but not due .. 564 18 3 Interest on temporary investments .. 24 14 4 Interest on amounts temporarily transferred Interest on bank balances .. .. 37 2 0 from Settlers Branch .. .. .. 16,244 10 0 Interest on mortgages— £ s. d. Balance—Gross profits transferred to Profit Overdue at 31st March, 1928 2,030 0 2 and Loss Account .. .. .. 830 10 5 Accrued but not due at 31st March, 1928 .. .. 9,282 2 0 11,312 2 2 £18,846 15 10 £18,846 15 10 Management Expenses Account for the Year ended 31st March, 1928. Dr. _ £ s. d. Cr. £ B . d. To Audit Office services .. .. .. 10 0 0 By Balance transferred to Profit and Loss Account .. 744 0 0 Cleaning and messenger services .. .. 15 0 0 Postages and telegrams .. .. .. 16 12 '6 Post Office services .. .. .. .. 15 0 0 Printing and stationery .. .. .. 125 0 0 Rent .. .. .. .. .. 85 0 0 Salaries .. .. .. .. .. 275 0 0 Travelling-expenses .. .. .. .. 202 7 6 £744 0 0 £744 o 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

17— B. 1 [PT. IV, SUP.].

129

B.—l [PT. IV, SUP.].

STATE ADVANCES OFFlCE—continued. ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Sundryloans .. .. .. .. 8,948,022 19 11 Investment Account —Principal owing by mortTemporary advances from Settlers Branch .. 1,810,500 0 0 gagors .. .. .. .. 10,453,194 410 Interest due and unpaid .. .. .. 8,942 3 8 Temporary investments .. .. .. 128 16 6 Interest on loans accrued but not due .. 69,506 16 6 Sinking Fund investments held by Advances Advances Suspense Account .. .. 99,235 17 8 Office Sinking Fund Account .. .. *88,734 5 5 Fire Loss Suspense Account .. .. 2,148 18 0 Interest on mortgages — £ s. d. Suspense Account .. .. .. 5,279 6 10 Overdue .. .. 62,447 0 6 Income-tax Suspense Account .. .. 589 1 6 Accrued .. .. 125,649 2 9 Sundry creditors .. .. .. .. 200 17 2 188,096 3 3 Reserve for bad debts .. .. .. 985 6 5 Sundry debtors .. .. .. .. 1,535 14 5 Sinking Fund .. .. .. .. 67,642 17 6 Loan Charges Account .. .. .. 234,393 910 Profit and Loss Account .. .. .. 45,265 3 4 Cash in hand and in bank at 31st March, 1928 1,706 7 7 £11,013,054 5 2 £11,013,054 5 2 * This amount includes the sum of £21,091 7s. lid. capital paid into the Sinking Fund under the provisions of the State Advances Act. Profit and Loss Account for the Year ended 31st March, 1928. Or. £ s. d. Dr. £ s. d. By Interest Account —Gross profits . . .. 12,122 9 5 To Management Expenses Account .. .. 7,902 10 2 Losses on realization of securities .. .. 985 6 5 Balance—Net profits for the year .. .. 3,234 12 10 £12,122 9 5 £12,122 9 5 £ s. d. £ s. d. To Balance as at 31st March, 1927 .. .. 32,975 0 9 By Net profits for the year .. .. .. 3,234 12 10 Loan-flotation charges written down .. 14,936 11 11 Balance .. .. .. .. 45,265 3 4 Income-tax .. .. .. .. 588 3 6 £48,499 16 2 £48,499 16 2 Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 392,692 7 8 By Interest on mortgages .. 459,338 19 1 Less accrued at 31st March, Less interest overdue and 1927 .. .. .. 69,833 7 8 accrued at 31st March, 1927 151,702 13 2 — 322,859 0 0 '307,636 5 11 Interest on amounts temporarily transferred Interest on bank balances .. .. .. 105 9 7 from other branches .. .. .. 84,857 19 0 Interest on outstanding payments .. .. 8 9 1 Interest due and unpaid .. .. .. 8,942 3 8 Interest on temporary invest- £ s. d. Interest on loans accrued but not due .. 69,506 16 6 ments .. .. 3,858 1 3 Balance —Gross profits transferred to Profit Less accrued at 31st March, and Loss Account .. .. .. 12,122 9 5 1927 .. .. .. 1,416 0 6 2,442 0 9 Interest on mortgages— Overdue at 31st March, 1928 62,447 0 6 Accrued but not due at 31st March, 1928 .. .. 125,649 2 9 188,096 3 3 £498,288 8 7 £498,288 8 7 Management Expenses Account for the Year ended 31st March, 1928. Dr. £ s. d. Gr. £ s. d. To Audit Office services .. .. .. 150 0 0 By Cost of preparation of mortgages .. .. 117 3 0 Cleaning, lighting, heating, and messenger Inspection fees .. .. .. .. 1139 services .. ~ .. .. 150 0 0 Production fees .. .. .. .. 520 14 6 Court costs and solicitors' costs .. .. 9 7 6 'Release fees .. .. .. .. 84 0 0 Management charges on New Zealand stock and Search and registration fees .. .. 177 3 3 bonds .. .. .. .. .. 2,509 0 4 Sundry fees .. .. .. .. ' 20 11 1 Post Office services .. .. .. 520 0 0 Balance transferred to Profit and Loss Account 7,902 10 2 Postages and telegrams .. .. .. 219 17 11 Printing and stationery .. .. .. 310 0 0 Public Service Superannuation Fund contribution .. .. .. .. .. 38 0 0 Rent .. .. .. .. .. 600 0 0 Salaries .. .. .. .. ..3,97700 Valuation Department—Agency work .. 350 0 0 £8,833 5 9 £8,833 5 9 ====== * Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. 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 a* disclosed thereby, —G. F. C. Campbell, Controller and Auditor-General.

130

B. —1 [PT. IV, Sup.].

STATE ADVANCES OFFlCE—continued. ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement op Liabilities and Assets as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 2,790,293 11 8 Investment Account—Pricipal owing by local Loan-moneys—Unexpended balances under sec- bodies .. . . .. .. 2,804,100 18 9 tion 72, Local Bodies' Loans Act, 1913 .. 3,987 12 10 Sinking Fund investments held by Advances Temporary advances from Settlers Branch .. 374,500 0 0 Office Sinking Fund Account .. .. *375,020 10 11 Suspense Account .. .. .. 121 3 2 Interest on debentures—■ £ s. d. Sundry creditors .. .. .. .. 19,966 13 4 Overdue .. .. .. 2,798 6 9 Interest on loans accrued but not due .. 36,553 18 8 Accrued .. .. .. 24,645 10 11 Sinking Fund .. .. .. .. 146,810 13 4 27,443 17 8 Loan Charges Account .. .. .. 31,750 11 10 Profit and Loss Account .. .. .. 133,701 1 10 Cash in hand and in bank at 31st March, 1928 .. 216 12 0 £3,372,233 13 0 £3,372,233 13 0 * This amount includes the sum of £228,209 17s. 7d. capital paid into the Sinking Fund under the provisions of the State Advances Act. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Balance —Interest Account .. .. 8,671 6 1 By Balance —Loss for the year .. .. 10,381 4 0 Management Expenses Account .. .. 1,709 1711 £10,381 4 0 £10,381 4 0 £ s. d. £ s. d. To Balance as at 31st March, 1927 .. .. 122,238 13 0 By Balance .. .. .. .. 133,701 110 Loan-flotation charges written down .. 1,081 410 Loss for the year .. 10,381 4 0 £133,701 1 10 £133,701 1 10 Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Gr. £ s. d. ■ £ s. d. To Interest on loans .. .. 103,934 0 0 By Interest on debentures .. 120,309 12 9 Less accrued at 31st Less overdue and accrued March, 1927 .. .. 36,554 6 6 at 31st March, 1927 .. 31,298 4 0 67,379 13 6 89,011 8 9 Interest on amounts temporarily transferred Interest on bank balances .. .. .. 23 13 0 from Settlers Branch .. .. .. 21,216 13 4 Interest on debentures — Interest on loans accrued but not due .. 36,553 18 8 Overdue at 31st March, 1928 2,798 6 9 Accrued but not due at 31st March, 1928 .. 24,645 10 11 27,443 17 8 Balance transferred to Profit and Loss Account 8,671 6 1 £125,150 5 6 £.125,150 5 6 Management Expenses Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Audit Office services .. .. .. 50 0 0 By Balance transferred to Profit and Loss Account.. 1,709 17 11 Cleaning, lighting, heating, and messenger services 30 0 0 Management charges, New Zealand stock and bonds .. .. ■• • • • • 603 17 11 Post Office services .. .. .. . ■ 30 0 0 Postages and telegrams .. .. .. 35 0 0 Printing and stationery .. . • •. 140 0 0 Public Service Superannuation Fund contribution .. .. .. • ■ • • 20 0 0 Rent .. .. . ■ • • • • 100 0 0 Salaries .. .. . • ■ • • • 701 0 0 £1,709 17 11 £1,709 17 11 Wm. Waddel, Superintendent. * State Advances Office, Wellington, 23rd August, 1928. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —6. F. C. Campbell, Controller and Auditor-General.

131

B.—l [PT. IV, Sup.].

STATE ADVANCES OFFICE —continued. PUBLIC DEBT SINKING FUNDS BRANCH. Statement of Liabilities and Assets as at 31st March, 1928. Liabilities. Assets. Sinking Fund created under the provisions of £ s. d. Investment Account—Principal £ s. d. £ s. d. the Public Debt Extinction Act, 1910 .. 3,258,955 19 4 owing on loans to— Advances Suspense Account .. .. 480 0 0 Settlers .. .. 983,648 16 0 Fire Loss Suspense Account.. .. .. 1,425 0 0 Workers .. .. 69,691 6 7 Suspense Account .. .. .. .. 186 12 8 Local bodies .. .. 2,121,012 15 4 Sundry creditors—lnterest due to Consolidated — 3,174,352 17 11 Fund in accordance with section 12 (a), Re- Temporary advances to Settlers Branch .. 108,000 0 0 payment of the Public Debt Act, 1925 .. 21,748 10 6 Sundry debtors .. .. .. .. 29 511 Interest due to Treasury, overdue and accrued 44,028 10 2 Interest overdue on loans to — £ s. d. Settlers .. .. 5,651 2 7 Workers .. .. 232 4 6 Local bodies .. .. 3,474 0 3 9,357 7 4 Interest accrued on loans to — Settlers .. .. 12,285 5 4 Workers .. .. 851 14 0 Local bodies .. .. 21,534 3 6 34,671 2 10 Cash in hand and in bank at 31st March, 1928 413 18 8 £3,326,824 12 8 . £3,326,824 12 8 Interest Account for the Year ended 31st March, 1928. Dr. Cr. To Interest on investments due to Consolidated £ s. d. By Interest on loans to —■ £ s. d. £ s. d. Fund in accordance with section 12 (a) Re- Settlers .. .. .. 47,585 8 4 payment of the Public Debt Act, 1925— Workers.. .. .. 3,246 17 1 Paid to Treasury .. .. .. 130,034 14 3 Local bodies .. .. 97,208 9 3 In hand, 31st March, 1928 .. .. 21,748 10 6 : — — Overdue and accrued at 31st March, 1928 .. 44,028 10 2 148,040 14 8 . Less interest overdue and 195,811 14 11 accrued at 31st March, 1927 44,047 17 0 Less overdue and accrued at 31st March, 44,047 17 0 103,992 17 8 1927 Interest on expenses incurred in protection of securities .. .. .. .. 18 1 Interest on bank balances .. .. .. 103 12 0 Interest on temporary advances to Settlers Branch .. .. .. .. 3,637 10 0 Interest overdue at 31st March, 1928, on loans to — £ s. d. Settlers .. .. .. 5,651 2 7 Workers.. .. .. 232 4 6 Local bodies .. .. 3,474 0 3 9,357 7 4 Interest accrued at 31st March, 1928, on loans to — Settlers .. .. 12,285 5 4 Workers.. .. .. 851 14 0 Local bodies .. .. 21,534 3 6 34,671 2 10 £151,763 17 11 £151,763 17 11 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

132

E.—l [PT. IV, SUP.].

STATE ADVANCES OFFlCE—continued. ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1928. Liabilities. Assets. Principal received as at 31st £ s. d. £ s. d. Investment Account—Princi- £ s. d. £ s. d. March, 1927, with accu- cipal owing on loans to— mulated interest from — Settlers .. .. 1,096,293 1 4 Settlers Branch .. .. 1,823,817 1 10 Workers .. .. 68,668 9 5 Workers Branch.. .. 271,751 8 8 Local bodies .. .. 411,767 16 8 Local Authorities Branch 358,187 13 2 1,576,729 7 5 Temporary advances to Settlers Branch .. 666,500 0 0 2,453,756 3 8 Sundry debtors .. .. .. .. 51 15 1 Interest earned for the year Interest overdue on loans to— £ s. d. ended 31st March, 1928— Settlers .. .. 7,308 0 6 Settlers Branch .. .. 79,755 1 7 Workers .. .. 533 2 7 Workers Branch.. .. 3,982 16 9 Local bodies .. .. 1,415 11 3 Local Authorities Branch.. 16,832 17 9 9,256 14 4 Interest accrued on loans to— 2,554,326 19 9 Settlers .. .. 12,454 0 5 Net profits transferred from Workers .. .. 742 18 11 Settlers Branch .. .. 27,790 11 9 Local bodies .. .. 3,451 5 1 16,648 4 5 2,582,117 11 6 Cash in hand and in bank at 31st March, 1928 568 4 4 Less redemption of loans — Settlers Branch £126,700 Workers Branch £187,000 313,700 0 0 Total fund as at 31st March, 1928 .. .. 2,268,417 11 6 Advances Suspense Account .. .. 1,096 1 11 Suspense Account .. .. .. .. 240 12 2 £2,269,754 5 7 £2,269,754 5 7 Interest Account for the Year ended 31st March, 1923. Dr. £ s. d. | Gr. £ s. d. £ s. d To Interest on investments—Transferred to Sink- I By Interest on loans to— ing Fund Account .. .. .. 100,570 16 1 ! Settlers .. .. .. 52,011 13 2 Workers .. .. .. 3,146 17 11 Local bodies .. .. 20,468 2 6 75,626 13 7 Less overdue and accrued at 31st March, 1927 .. ..27,160 6 11 48,466 6 8 Interest on bank balances .. .. 163 0 8 Interest on outstanding payments .. 118 Interest on temporary advances to Settlers Branch.. .. .. .. .. 26,035 8 4 Interest overdue at 31st March, 1928, on loans to — £ s. d. Settlers .. .. .. 7,308 0 6 Workers .. .. .. 533 2 7 Local bodies .. .. 1,415 11 3 9,256 14 4 Interest accrued at 31st March, 1928, on loans to— Settlers .. .. .. 12,454 0 5 Workers ... .. .. 742 18 11 Local bodies .. .. 3,451 5 1 16,648 4 5 £100,570 16 1 £100,570 16 1 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

133

B.—l [PT. IV, SUP.].

STATE ADVANCES OFFICE —continued. MISCELLANEOUS BUSINESS BRANCH. HOUSING ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1928. Liabilities. Assets. Sundry loans-- £ s. d. £ g. d. Investment Account—Principal £ s. d. £ s. d. Debentures. .. .. 412,388 9 4 owing on— Expenditure from Public Dwellings purchased .. 409,118 10 2 Works Fund .. .. 319,918 1 7 Sections purchased .. 3,643 16 8 Advances.. .. .. 365 1 6 732,306 10 11 Loans on mortgage .. 195 9 0 Less loan-moneys redeemed 413,322 17 4 and discharged from Con- Temporary advances to Settlers Branch .. 217,700 0 0 solidated Fund .. 19,468 9 4 ' Hutt Housing Suspense Account .. .. 74,226 0 0 Completed dwellings .. .. .. 15,100 6 0 712,838 1 7 Dwellings let .. .. .. .. 19,347 4 2 Less loan-moneys redeemed Freehold land .. .. .. 36,244 3 3 by Public Debt Repay- Sinking Fund investments held by Public Debt ment Account.. .. 100 0 0 Redemption Fund .. .. .. *3,904 4 8 712,738 1 7 Insurance Fund investment held by Settlers Liability to Consolidated Fund in terms of sec- Branch .. .. .. .. .. 4,392 8 0 tion 22, Finance Act, 1926 .. .. .. 100 0 0 Sundry debtors .. .. .. .. 965 6 5 Sundry creditors .. .. .. .. 2,066 8 0 Interest on dwellings and land— £ s. d. Income-tax Suspense Account.. .. .. 224 14 0 Overdue .. .. .. 6,949 13 0 Suspense Account .. .. .. .. 3,084 6 9 Accrued .. .. .. 64 15 7 Liability to Railway Department (Hutt housing).. 78,779 0 0 7,014 8 7 Insurance Fund .. .. .. .. 5,607 19 8 Rent overdue .. .. .. .. 2,223 19 8 Interest on loans — £ s. d. Insurance premiums— £ s. d. Overdue .. .. .. 17,464 3 10 Overdue .. .. .. 475 11 3 Accrued .. .. .. 3,890 14 5 Paid in advance .. .. 391 2 2 — 21,354 18 3 — 866 13 5 Sinking Fund .. .. .. .. 549 410 Profit and Loss Account .. .. .. 36,134 911 Reserve for losses on realization and bad debts .. 6,987 2 2 Cash in hand and in bank at 31st March, 1928 .. 49 13 10 £831,491 15 3 £831,491 15 3 * This amount includes the sum of £3,354 19s. 10d. capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 2,107 19 9 By Interest Account —Gross profits .. .. 3,868 410 Dwellings maintenance .. .. .. 338 17 5 Sale of land and dwellings .. .. 701 18 2 Losses on realization of securities, and doubtful securities written down .'. .. .. 889 5 7 Balance —Net profits for the year .. .. 1,234 0 3 £4,570 3 0 £4,570 3 0 £ s. d. £ s. d. To Balance as at 31st March, 1927 .. .. 37,143 16 2 By Net profits for the year .. .. .. 1,234 0 3 Income-tax .. .. .. .. 224 14 0 Balance .. .. .. .. 36,134 911 £37,368 10 2 £37,368 10 2 Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 28,753 2 6 By Interest on land and dwellings 23,848 11 0 Less accrued at 31st March, Less overdue and accrued at 1927 .. .. .. 4,000 9 2 31st March, 1927 .. 7,167 3 0 24,752 13 4 16,681 8 0 Interest on loans accrued but not due .. 3,890 14 5 Interest on amounts temporarily transferred to Balance —Gross profits transferred to Profit other branches .. .. .. 8,777 11 0 and Loss Account .. .. .. 3,868 410 Interest on bank balances .. .. .. 38 5 0 Interest on dwellings and land—- £ s. d. Overdue at 31st March, 1928 6,949 13 0 Accrued but not due at 31st March, 1928 .. 64 15 7 7,014 8 7 £32,511 12 7 £32,511 12 7 Management Expenses Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Audit Office services .. .. • • 175 0 0 By Sundry fees .. .. .. .. 267 2 2 Cleaning, lighting, heating, and messenger Balance transferred to Profit and Loss Account 2,107 19 9 services .. • • • • • • 30 0 0 Fees paid for special services in respect of securities .. .. .. •• 11642 Postages and telegrams .. .. .. 30 2 9 Post Office services .. .. .. 200 0 0 Printing and stationery .. •. . • 75 0 0 Public Service Superannuation Fund contribution .. .. • • • • • - 30 0 0 Rent .. . • • ■ • • •• 100 0 0 Salaries .. . • • • • • .. 1,365 0 0 Solicitors' costs .. .. • • • • 315 0 Valuation Department—Agency work .. 250 0 0 £2,375 1 11 £2,375 1 11 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. E. 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. —Gr. F. C. Campbell, Controller and Auditor-General.

134

B.—l [PT. IV, SUP.].

STATE ADVANCES OFFICE —continued. LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1928. Liabilities. £ s. d. Asset*. Sundry loans .. .. .. .. 3,975 0 0 Investment Account—Principal owing by mort- £ s. d. Income-tax Suspense Account ~ .. 3 5 6 gagors .. .. .. .. .. 2,912 14 2 Interest on loans— £ s. d. Temporary advances to Settlers Branch .. 850 0 0 Overdue.. .. .. .. 44 7 1 Sinking Fund investments held by Public Debt Accrued .. .. .. 38 15 5 Redemption Fund .. .. .. .. *39 7 9 83 2 6 Interest on mortgages— £ s. d. Sinking Fund .. .. .. .. 34 0 6 Overdue .. .. .. 284 3 6 Accrued .. .. .. 2 3 5 286 6 11 Cash in hand and in bank at 31st March, 1928 .. 619 8 £4,095 8 6 £4,095 8 6 * This amount includes the sum of £5 7s. 3d. capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. 10 0 0 By Interest Account—Gross profits .. 28 5 6 Balance —Net profits for the year .. .. 18 5 6 £28 5 6 £28 5 6 £ s. d. £ s. d. To Income-tax .. .. .. .. ..3 5 6 By Balance as at 31st March, 1927 .. 13 0 8 Balance of net profits invested in Public Debt Net profits for the year .. .. .. . 18 5 6 Redemption Fund .. .. .. 28 0 8 £31 6 2 £31 6 2 Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d To Interest on loans .. .. .. 159 0 0 By Interest on mortgages .. .. 123 19 6 Less accrued at 31st March, 1927 .. 38 15 4 Interest on mortgages— 120 4 8 Overdue at 31st March, 1928 .. 284 3 6 Interest on loans accrued but not due .. 38 15 5 Accrued at 31st March, 1928 .. 2 3 5 Balance —Gross profits transferred to Profit and —— Loss Account .. .. .. 28 5 6 410 6 5 Less interest overdue and accrued at 31st March, 1927.. .. 263 13 7 146 12 10 Interest on temporary loans to Settlers Branch .. .. .. .. .. 39 11 8 Interest on bank balances .. ~ .. 11l £187 5 7 £187 5 7 Management Expenses Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ 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 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

135

B.—l [PT. IV, SUP.].

STATE ADVANCES OFFlCE—continued. FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement op Liabilities and assets as at 31st March, 1928. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 69,598 14 3 Investment Account—Principal owing by mortLess loan liability redeemed and gagors .. .. .. .. .. 42,183 14 5 discharged from Consolidated Properties acquired .. .. .. .. 4,212 8 6 Fund .. .. .. 6,008 14 3 Temporary advances to Settlers Branch .. 16,290 0 0 • Sinking Fund investments held by Public Debt 63,590 0 0 Redemption Fund .. .. .. *716 15 2 Less loan liability redeemed by Interest on mortgages — £ s. d. Public Debt Repayment Ac- Overdue .. .. .. 1,767 12 10 count .. .. .. 5,000 0 0 Accrued .. .. .. 313 9 9 58,590 0 0 2,081 2 7 Liability to Consolidated Fund in terms of section Sundry debtors .. .. .. .. 80 19 4 22, Finance Act, 1926 .. .. .. 5,000 0 0 Profit and Loss Account .. .. .. 4,330 16 10 Suspense Account .. .. .. .. 171 9 9 Cash in hand and in bank at 31st March, 1928 .. 115 7 8 Income-tax Suspense Account .. .. 15 2 0 Interest on loans — £ s. d. Overdue .. .. .. 1,415 15 7 Accrued .. .. .. 1,162 3 4 —— 2,577 18 11 Rent accrued .. .. .. .. 37 1 8 Reserve for losses on realization and bad debts .. 3,515 13 10 Sinking Fund .. .. .. .. 103 18 4 £70,011 4 6 £70,011 4 6 * This amount includes the sum of £612 16s. lOd. capital paid Into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Pkofit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Gr. £ s. d. To Management Expenses Account .. .. 100 0 0 By Interest Account—Gross profits .. .. 233 13 3 Expenses of realization of assets .. .. 50 11 6 Balance—Net profits for the year .. .. 83 1 9 £233 13 3 £233 13 3 £ s. d. £ s. d. To Balance as at 31st March, 1927 .. .. 4,398 16 7 By Net profits for the year .. .. .. 83 1 9 Income-tax .. .. .. .. 15 2 0 Balance .. .. .. .. .. 4,330 16 10 £4,413 18 7 £4,413 18 7 Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d To Interest on loans .. .. 2,452 7 9 By Interest on mortgages .. 1,798 1 9 Less accrued at 31st March,l927 1,271 6 8 Interest on mortgages— 1,181 1 1 Overdue at 31st March, 1928.. 1,767 12 10 Interest on loans accrued but not due .. 1,162 3 4 Accrued at 31st March, 1928.. 313 9 9 Balance—Gross profits transferred to Profit and —-— Loss Account .. .. .. .. 233 13 3 3,879 4 4 Less interest overdue and accrued at 31st March, 1927.. .. 2,024 5 4 — — 1,854 19 0 Interest on bank balances .. .. 12 17 0 Interest on temporary advances to Settlers Branch.. .. .. .. .. 709 1 8 £2,576 17 8 £2,576 17 8 Management Expenses Account for the Yeap. ended 31st March, 1928. Dr. £ s. d. i Cr. £ s. d To Administration expenses .. .. .. 95 00| By Balance transferred to Profit and Loss Account .. 100 0 0 Audit Office services .. .. .. 5 0 0 £100 0 0 I £100 0 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

136

B.—l [PT. IV, SUP.]

STATE ADVANCES OFFlCE—continued. COLD-STORAGE ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1928. 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 .. 31,570 0 0 Fund .. .. .. 7,500 0 0 Sinking Fund investments held by Public Debt Redemption Fund .. .. .. *1,087 2 7 75,250 0 0 Interest on mortgages— £ s. d. Less loan liability redeemed by Overdue .. .. 1,529 9 5 Public Debt Repayment Ac- Accrued .. .. .. 708 14 2 count .. .. .. 1,530 0 0 2,238 3 7 73,720 0 0 Sundry debtors - .. .. .. .. 23 2 0 Liability to Consolidated Fund in terms of section Profit and Loss Account .. .. .. 160 13 11 22, Finance Act, 1926 .. .. .. 1,530 0 0 Cash in hand and in bank at 31st March, 1928 .. 273 9 8 Income-tax—Suspense Account .. .. 119 16 0 Interest on loans— £ s. d. Overdue .. .. .. 1,337 17 5 Accrued .. .. .. 244 3 5 1,582 0 10 Sinking Fund .. .. .. .. 160 19 11 £77,112 16 9 £77,112 16 9 • This amount includes the sum of £926 2s. Bd. capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 115 0 0 By Interest Account —Gross profits .. .. 772 14 10 Balance —Net profits for the year .. .. 657 14 10 £772 14 10 £772 14 10 £ s. d. £ s. d. To Balance as at 31st March, 1927 .. .. 698 12 9 By Net profits for the year .. .. .. 657 14 10 Income-tax .. .. .. .. 119 16 0 Balance .. .. .. .. .. 160 13 11 £818 8 9 £818 8 9 Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on loans .. .. 2,974 0 5 By Interest on mortgages .. .. 1,565 0 0 Less accrued at 31st March, 1927 247 8 0 Interest on mortgages— 2,726 12 5 Overdue at 31st March, 1928 .. 1,529 9 5 Interest on loans accrued but not due .. 244 3 5 Accrued at 31st March, 1928 .. 708 14 2 Balance —Gross profits transferred to Profit and Loss Account .. .... .. 772 14 10 3,803 3 7 Less overdue and accrued at 31st March, 1927 .. ..1,606 6 9' 2,196 16 10 Interest on bank balances .. .. .. 413 0 Interest on temporary advances to Settlers Branch .. .. .. .. .'. 1,542 0 10 £3,743 10 8 £3,743 10 8 Management Expenses Account for the Year ended 31st March, 1928. 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 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —6. F. C. Campbell, Controller and Auditor-General.

18 —B. 1 [PT. IV, SUP.].

137

B.—l [PT. IV, SUP.].

STATE ADVANCES OFFICE —continued FISHING INDUSTRY PROMOTION ACCOUN i. Statement op Liabilities and Assets as at 31st March, 1928. Liabilities. £ 3. d. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 5 ,571 19 2 Investment Account—Principal owing on bills of Less loan liability redeemed and sale .. .. .. .. ..1,072121 discharged from Consolidated Temporary advances to Settlers Branch .. 2,990 0 0 Fund .. .. .. 1,036 19 2 Sinking Fund investments held by Public Debt Redemption Fund .. .. .. .. *47114 4,535 0 0 Interest on bills of sale — £ s. d. Less loan liability redeemed by Overdue .. .. .. .. 34 7 1 Public Debt Repayment Ac- Accrued .. .. .. .. 13 12 6 count .. .. .. 1,060 0 0 47 19 7 3,475 0 0 Sundry debtors .. .. .. .. 7 7 2 Liability to Consolidated Fund in Profit and Loss Account .. .. .. 372 2 5 terms of section 22, Finance Act, Cash in hand and in bank at 31st March, 1928 .. 186 15 5 1922 .. .. .. .. .. 1,060 0 0 Income-tax Suspense Account .. .. 5 13 0 Interest on loans— Overdue .. .. .. 126 7 2 Accrued .. .. .. 50 19 11 177 7 1 Sinking Fund .. .. .. .. 6 711 £4,724 8 0 £4,724 8 0 * This amount includes the sum of £41 3s. sd. capital paid into the Sinking Fund in accordance with the Public Deht Extinction Act, 1910. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Or. £ s. d. To Management Expenses Account .. . . 17 12 10 By Interest Account—Gross profits .. .. 48 12 5 Balance—Net profits for the year .. .. 30 19 7 £48 12 5 £48 12 5 £ s. d. £ s. d. To Balance at 31st March, 1927 .. .. .. 397 9 0 By Net profits for the year .. .. .. 30 19 7 Income-tax .. .. .. .. 5 13 0 Balance .. .. .. .. .. 372 2 5 £403 2 0 £403 2 0 Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. .. 170 16 1 By Interest on bills of sale .. .. 38 6 1 Less accrued at 31st March, 1927 .. 66 13 7 Less overdue and accrued at 31st 104 2 6 March, 1927 .. .. .. 31 19 4 Interest on loans accrued but not due .. .. 50 19 11 6 6 9 Balance —Gross profits transferred to Profit and Interest on bank balances .. .. .. 3 10 Loss Account .. .. .. .. 48 12 5 Interest on temporary loans to Settlers Branch .. .. .. .. 146 7 6 Interest on bills of sale — Overdue at 31st March, 1928 .. 34 7 1 Accrued at 31st March, 1928 .. 13 12 6 47 19 7 £203 14 10 £203 14 10 Management Expenses Account for the Year ended 31st March, 1928. _ . , , Dr £ s. d. Cr. £ s . a. To Administration expenses .. .. .. 10 0 0 By Balance transferred to Profit and Loss Account .. 17 12 10 Audit Office services .. .. .. .. 5 0 0 Survey fees .. .. .. .. .. 2 12 10 £17 !2 10 £17 12 10 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

138

B.—l [PT. IV, SUP.].

STATE ADVANCES OFFlCE—continued. REPATRIATION. Statement of Liabilities and Assets as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. £ *. ds Liability to Redemption Account as at Ist April, Investment Account—Principal 1925 .. .. .. .. 1,290,182 2 1 owing by mortgagors .. 331,518 16 0 Less repayments to 31st March, 1928 .. 119,324 17 6 Less Suspense adjustments .. 162 12 4 331,356 3 8 1,170,857 4 7 Buildings and farm assets .. .. .. 1,379 1 0 Less expenditure irrecoverable £ s. d. Losses in Suspense.. .. .. .. 4,272 17 10 to 31st March, 1927 .. 824,275 14 3 Interest on bills of sale, overdue .. .. 8,072 3 9 Losses on realization for the Cash in hand and in bank at 31st March, 1928 6,185 3 11 year ended 31st March,l92B 10,100 15 6 Management expenses for the year ended 31st March, 1928 3,745 10 2 838,121 19 11 332,735 4 8 Sundry creditors—Treasury— Interest .. .. .. 1,130 17 8 Principal .. .. . . 4,682 3 4 5,813 1 0 Suspense Account .. .. .. .. 372 2 11 Writings-off Suspense .. .. .. 4,272 17 10 Interest on advances from War Expenses Account, overdue .. .. 8,072 3 9 £351,265 10 2 £351,265 10 2 Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. Or. £ s. d. £ s. d g To Interest paid to Treasury .. .. .. 2,906 4 2 By Interest on bills of sale .. 4,232 19 0 Interest in hand due to Treasury, 31st March, Interest on bills of sale, overdue 1928 .. .. .. .. .. 1,130 17 8 at 3.lst March, 1928 .. 8,072 3 9 Interest due to Treasury, overdue at 31st March, 1928 .. .. .. .. 8,072 3 9 12,305 2 9 Less overdue at 31st March, 1927 9,830 3 3 12,109 5 7 Less interest due to Treasury, overdue at 31st 2,474 19 6 March, 1927 .. .. .. .. 9,830 3 3 Less realizations —Interest .. 311 2 6 2,163 17 0 Interest on temporary loans to Settlers Branch 54 3 4 Interest on bank balances .. .. .. 61 2 0 £2,279 2 4 £2,279 2 4 Management Expenses Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Audit Office services .. .. .. 125 0 0 By Sundry fees .. .. .. .. 12 0 Cleaning and messenger services .. .. 50 0 0 Balance recouped in accordance with section Commission .. .. .. .. 22 12 6 13 (3), State Advances Amendment Act, 1922 3,745 10 2 Postages and telegrams .. .. .. 330 0 0 Post Office services .. .. .. 420 0 0 Printing and stationery .. .. .. 225 0 0 Rent .. .. .. .. .. 215 0 0 Salaries .. .. .. .. .. 2,295 0 0 Solicitors' costs .. .. .. .. 51 1 5 Training-expenses . . .. .. .. 12 18 3 £3,746 12 2 £3,746 12 2 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

139

B.—l [PT. IV, SUP.].

NEW ZEALAND STATE COAL-MINES. Colliery Working Accounts for the Year ended 31st March, 1928.

Colliery Profit and Loss Accounts for the Year ended 31st March, 1928.

Plant, Buildings, etc., on Hire Revenue Account for the Year ended 31st March, 1928.

140

Dr. Livbbpool. James. Cr. Liverpool, j James. . " ; _J £ s. d. £ s. d. £ s. d. £ s. d. To Stocks on hand, 1st April, 1927 5,280 10 6 1,083 1 2 By Sales of coal .. .. 185,486 8 2 55,964 19 7 Coal-winning— Sales of stores, power, &c. .. 8,778 16 8 Wages .. .. 82,564 0 11 22,583 9 5 Stocks of coal on hand at Stores and materials used 7,117 18 8 924 9 4 31st March, 1928, at mine, Railway tickets .. 861 7 11 .. wharf, and afloat .. 6,337 18 5 535 2 2 Subsidized bus fares, &c. .. .. 284 16 6 Stores sales (at cost) .. 7,798 3 3 Coal purchased .. 346 18 1 251 17 10 Special rate .. .. 823 12 0 263 16 3 Royalty .. .. .. 527 12 6 104,792 11 4 25,919 3 1 Gross profit—To Profit and 95,810 11 11 30,580 18 8 Loss Account £200,603 3 3 £56,500 1 9 £200,603 3 3 £56,500 1 9 1

Dr. Liverpool. James. Or. Liverpool. James. £ a. d. £ a. d. £ a. d. £ a. d. To Salariea ... .. .. 3,026 4 10 921 2 7 By Gross profit at mine .. 95,810 11 11 30,580 18 8 Rent .. .. .. .. 17 13 0 Rents .. .. .. 497 16 6 Interest.. .. .. 4,309 3 7 1,591 7 0 Travelling-expenses .. 133 7 9 41 15 6 Printing and stationery .. 195 17 2 58 9 5 Repairs and maintenance .. 6,032 3 4 543 15 1 i Telegrams and poatagea .. 168 6 4 53 13 10 Railway haulage .. .. 12,051 15 11 3,217 17 3 Insurance .. .. 3,542 11 1 901 2 6 Coal-miners'Relief Fund .. 290 18 3 84 7 3 General expenses .. .. 590 5 2 135 8 5 Marine freight .. .. 43,716 9 9' 15,366 10 0 Audit feea .. .. 86 5 0 28 15 0 Wharfage .. .. 2,470 16 0 791 8 9 Superannuation Fund subsidy 83 14 10 23 19 0 Stores adjustment and losses 9 10 7 Depreciation—Mine buildings, 7,491 15 11 2,515 6 2 plant and machinery 84,199 5 6 26,292 11 7 Preliminary expenses written .. 1,103 8 6 off Net profit—Transferred to 12,109 2 11 3,184 18 7 General Profit and Loss Account £96,308 8 5 £30,580 18 8 £96,308 8 5 £30,580 18 8

Dr. £ s. d. Or. £ a. d. To Interest .. .. .. .. 160 13 9 By Hire of plant, buildings, &c. .. .. 569 6 7 Depreciation .. .. .. 374 14 1 535 7 10 Net revenue—Transferred to General Profit and Loss Account .. .. 33 18' 9 £569 6 7 £569 6 7

B.—l PT. IV, SUP.].

Depot Profit and Loss Accounts for the Year ended 31st March, 1928.

NEW ZEALAND STATE COAL-MINES— continued. Depot Trading Accounts for the Year ended 31st March, 1928.

141

I 1 ' il j Dr. Wellington, j Christohxjeoh. ! Wanganui. |j Cr. \ Wellington. | Christchitbch. Wanganut. I I J I I £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Stocks Oil hand, 1st April, 1927 .. 2,347 10 2 6,556 3 0 610 11 3 By Sales of coal .. .. .. 137,184 0 10 91,454 19 10 18,210 18 2 Purchases of coal ., ., ... 126,620 5 6 52,743 4 2 16,248 2 9 Sales of coke, wood, &c. .. 4,674 16 0 1,502 6 0 552 11 3 Purchases of firewood, coke, &c. .. 4,078 6 11 836 8 3 249 13 4 Stocks on hand at 31st March, 1928 — Wharfage .. .. .. 1,128 8 4 .. .. Coal .. .. .. 3,691 15 5 8,763 10 2 313 5 4 Haulage to depot .. .. .. 629 14 1 35,163 18 10 297 9 8 Firewood, coke, &c. .. .. 498 7 7 637 4 11 191 13 2 Wages —Discharging .. • • 346 7 7 426 19 7 29 13 6 135,150 12 7 95,726 13 10 17,435 10 6 Gross profit — To Profit and Loss 10,898 7 3 6,631 7 1 1,832 17 5 Account i i £146,048 19 10 £102,358 0 11 £19,268 7 11 | £146,048 19 10 £102,358 ' 0 11 £19,268 7 11

Dr. Wellington. Chpistchtjrch. Wanganui. Cr. Wellington. Cheistohurch. Wanganui. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. ToWages .. .. .. .. | 1,603 14 8 1,541 16 10 437 19 4 By Gross profit from Trading Account 10,898 7 3 6,631 7 1 1,832 17 5 Salaries .. .. .. .. 1,529 9 10 1,082 7 3 488 16 5 Net loss —To General Profit and .. .. 254 11 2 Rents .. .. .. .. j 577 0 0 92 10 0 201 0 0 Loss Account Interest .. .. .. .. 396 8 2 156 2 3 45 15 5 Travelling expenses and allowances .. 79 0 9 30 13 11 25 13 5 Repairs and maintenance .. .. 548 15 1 395 5 4 127 16 8 Postages and telegrams .. .. 73 17 3 54 6 6 34 16 1 Printing and stationery .. .. 94 79 80 139 1858 Insurances .. .. .. 116 8 9 26 1 8 27 4 3 Cartage .. .. .. .. 3,385 6 0 1,944 2 11 442 1 4 Sacks .. .. .. .. 209 9 2 167 6 11 12 3 0 Freights .. .. .. .. 87 13 10 14 13 9 1 7 5 General expenses .. .. .. 347 12 0 137 11 2 31 16 5 Audit fees .. .. .. 40 0 0 36 0 0 24 0 0 Superannuation Fund subsidy .. 26 12 2 22 15 6 13 7 9 Reserve for bad debts .. .. 72 0 0 100 0 0 10 7 0 Depreciation .. .. .. 627 2 5 360 19 3 144 18 5 9,814 17 10 6,243 7 0 2,087 8 7 Net profit —To General Profit and Loss 1,083 9 5 388 0 1 Account . —— £10,898 7 3 £6,631 7 1 £2,087 8 7 £10,898 7 3 £6,631 7 1 £2,087 8 7

B.—l [PT. IV, SUP.].

NEW ZEALAND STATE COAL-MINES —continued. Statement of Colliery Property Accounts as at 31st March, 1928.

142

Liverpool. Jambs. j Macdonald. Totals. Development and Property Account — £ s. d. £ 3. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Balance at 31st March, 1927 .. .. .. .. •• .. 66,029 14 2 31,006 16 10 76,978 9 8 Additions during the year .. .. .. .. •• •• 1,182 18 10 1,102 7 6 3,093 4 6 67,212 13 0 32,109 4 4 80,071 14 2 Depreciation .. .. .. .. .. •• •• 3,352 10 10 1,607 4 4 63,860 2 2 30,502 0 0 80,071 14 2 174,433 16 4 Electrification of James Colliery — Balance at 31st March, 1928 .. .. .. .. • • • • .. . • .. 448 4 0 .. .. 448 4 0 Machinery, plant, ropes, and rolling-stock — Balance at 31st March, 1927 .. .. .. -. •• •• 32,753 8 11 6,684 13 7 Less transferred to plant, buildings, &c., on hire ...... 32,753 8 11 6,684 13 7 Additions during the year .. .. .. .. .. .. 4,362 11 1 1,100 8 11 37,116 0 0 7,785 2 6 Depreciation .. .. .. .. •• •• •• 3,481 19 11 836 4 10 33,634 0 1 6,948 17 8 Less provisionally written off .. .. .. .. .. 28 17 0 2 16 6 33,605 3 1 6,946 1 2 .. 40,551 4 3 Buildings at mine — Balance at 31st March, 1927 .. .. .. .. .. .. i 4,143 4 5 1,198 3 3 479 17 3 Additions during the year .. .. .. .. .. .. 304 0 2 78 3 1 4,447 4 7 1,276 6 4 479 17 3 Depreciation .. .. .. .. .. .. .. 320 9 2 71 17 0 4,126 15 5 1,204 9 4 479 17 3 5,811 2 0 Cottages at mine — Balance at 31st March, 1927 .. .. .. .. .. .. 4,213 3 0 .. 2,016 2 2 Additions during the year .. .. .. .. .. .. 1,509 15 7 5,722 18 7 .. 2,016 2 2 Less sales and recoveries during the year .. .. .. .. 1,095 0 0 .. 51 6 8 4,627 18 7 •• 1,964 15 6 Depreciation .. .. .. .. .. .. .. 307 19 0 4,319 19 7 * 1,964 15 6 6,284 15 1 Plantation at mine — Balance at 31st March, 1927 .. .. .. .. .. .. 1,389 1 11 .. 910 5 5 Additions during the year .. .. .. .. .. .. 103 17 1 .. • — 1,492 19 0 J 910 5 5 2,403 4 5 Coal (stock on hand at mine, wharf, and afloat) .. .. .. .. .. 6,337 18 5 .. 535 2 2 .. .. 6,873 0 7 Stores (stock on hand) .. .. .. .. .. .. .. 7,941 9 5 I Less provisionally written off .. .. .. .. .. .. 257 2 7 7,684 6 10 .. ..I 7,684 6 10 £121,427 4 6 £39,635 16 8 ! £83,426 12 4 j £244,489 13 6

B.—l [PT. IV, Sup.]

NEW ZEALAND STATE COAL-M INES-continued. Statement of Depot Property Accounts as at 31st March, 1928.

143

Wellington. ' Christchtoch. Wangantti. Totals. Depot Property Account — £ s. d. £ a. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Balance at 1st April, 1927 .. .. .. 9,651 16 7 3,527 4 0 1,174 10 9 Additions during the year .. ■ ■ .. .. ■. 2,062 9 7 1,240 1110 1030 11,714 6 2 4,767 15 10 1,184 13 9 Depreciation .. .. .. . - .. .. 627 2 5 360 19 3 144 9 5 11,087 3 9 4,406 16 7 1,040 4 4 Less provisionally written off .... .. .. 62 4 9 .. 1 9 0 11,024 19 0 4,406 16 7 1,038 15 4 16,470 10 11 Stocks and stores on hand .. .. . .. .. 4,682 8 2 10,287 3 8 558 18 8 Less provisionally written off .. .. .. . .. 390 5 4 834 19 10 28 5 4 4,292 2 10 9,452 3 10 530 13 4 14,275 0 0 £15,317 1 10 £13,859 0 5 £1,569 8 8 £30,745 10 11

B.—l [PT. IV, SUP.].

NEW ZEALAND STATE COAL MTN ES—continued. General Profit and Loss Account for the Year ended 31st March, 1928. Dr. Or. To Net loss— £ s- d. By Net profit— £ s. d. £ s. d. Wanganui Depot .. .. .. 254 11 2 Liverpool Colliery .. ..12,109 2 11 Balance—Profit for year, carried down .. 21,806 9 11 James Colliery .. -. 3,184 18 7 Christclrarch Depot.. .. 388 0 1 Wellington Depot .. 1,083 9 5 Net recoveries— Seddonville Colliery.. .. 352 8 9 Point Elizabeth Colliery .. 2,027 8 0 Net revenue from hire of plant, buildings, &c. .. .. 33 18 9 19,179 6 6 Interest on investments .. .. .. 2,88114 7 £22,061 1 1 £22,061 1 1 To Sinking Fund Account for redemption of loan £ s. d, £ scapital .. .. .. •• 4,552 0 5 By Balance —Profit for year 1927-28 .. .. 21,806 911 Balance —Net profit for year .. .. 17,254 9 6 £21,806 9 11 £21,806 9 11 Balance-sheet as at 31st March, 1928. 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 .. .. .. 174,433 16 4 New Zealand Consolidated In- Machinery, plant, ropes, and scribed Stock .. .. 52,601 0 7 rolling-stock ~ .. 40,551 4 3 227,601 0 7 Buildings at mines .. .. 5,811 2 0 Accrued interest on loan capital .. .. 3,811 13 11 Cottages at mines .. .. 6,284 15 1 Sundry creditors — Plantations at mines.. .. 2,403 4 5 Liverpool Colliery .. .. 9,310 11 5 Electrification (James Colliery) 448 4 0 James Colliery .. .. 4,463 16 7 Coal stocks (bins, wharf, and Wellington Depot .. .. 1,968 12 10 a,float) .. .. .. 6,873 0 7 Christchurch Depot .. .. 2,968 12 8 Stores on hand .. .. 7,684 610 Wanganui Depot .. .. 229 19 7 244,489 13 6 18,941 13 1 Plant, buildings, &c., on hire .. .. 3,735 12 5 Deposits on contracts .. .. ... 1,01500 Depots— Sinking Fund .. .. .. .. 62,338 7 4 Property Accounts .. 16,470 10 11 Reserves — Stocks and stores on hand .. 14,275 0 0 General Reserve .. .. 81,972 2 9 30,745 10 11 Bad Debts Reserve .. .. 609 18 11 Prospecting on State Coal Reserve .. 756 8 8 Accident Insurance Reserve .. 4,246 14 9 Sinking Fund investments .. .. 62,338 7 4 86,828 16 5 Housing advances to workmen .. 4,662 0 3 General Profit and Loss Account— Interest accrued due .. .. 59 8 5 Net profit for year .. .. .. 17,254 9 6 4,721 8 8 Investments (ordinary).. .. 14,300- 0 0 Interest accrued due .. .. 153 18 2 14,453 18 2 Sundry debtors — Liverpool Colliery .. .. 4,876 16 8 James Colliery .. .. 121 11 5 Wellington Depot .. .. 19,095 15 4 Christchurch Depot .. .. 5,062 0 3 Wanganui Depot .. .. 4,398 14 10 33,554 18 6 Less provisionally written off 167 14 0 33,387 4 6 Cash in Receiver-General's Deposit Account 1,065 0 0 Cash in Public Account .. .. 22,097 16 8 £417,791 0 10 £417,791 0 10 State Coal-mines Office, Wellington, 12th July, 1928, J. G. Coates, A. W. Gyles, A.1.A.N.Z., Accountant. for Minister of Mines. I hereby certify that the attached Working and Profit and Loss Accounts of Depots and Collieries, General 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, except that in the opinion of the Audit Office interest on capital expenditure on the unopened Mac Donald Colliery should be charged to General Profit and Loss Account instead of being capitalized, as development was sufficiently completed several years ago. —G. F. C. Campbell, Controller and Auditor-General.

144

B.—l [PT. IV, SUP.].

STATE FIRE INSURANCE OFFICE. Revenue Account op the State Fiee Insurance Office for the Year ended 31st December, 1927. £ s. d. £ s. d -Premiums after deduction of reinsurances .. 207,610 19 0 Bonus rebate to policyholders .. .. 25,765 7 1 Other receipts—lnterest, commission, and rent.. 35,884 19 8 Losses by fire (after deduction of reinsurances) .. 98,134 13 6 Appropriated to reserve for unearned premiums (in addition to £78,988 12s. already reserved).. 4,055 15 8 Government taxes .. .. .. .. 11,957 13 3 Commission .. .. .. .. 10,331 13 1 Salaries .. .. .. .. .. 27,044 5 4 Contribution to Public Service Superannuation Fund .. .. .. .. .. 334 13 2 Contributions to Eire Boards under the Pire Brigades Act, 1908 .. .. .. .. 6,903 16 6 Expenses of management— £ s. d. Travelling-expenses .. .. 2,072 2 1 Printing, stationery, and advertising .. .. .. 1,397 17 5 Rent ~ .. .. 1,960 17 6 Exchange .. .. .. 37 13 11 Postages, telegrams, cablegrams, and sundry charges .. 2,991 12 2 8,460 3 1 Office equipment .. .. .. .. 803 14 4 Office premises—Depreciation .. .. 3,320 17 2 197,112 12 2 Reinsurance Reserve Fund .. .. .. 5,000 0 0 | Bonus Rebate Reserve .. .. .. 1, 500 0 0 Office premises—Written off .. .. .. 4,000 0 0 Amount of fire-insurance funds at end of year .. 35,883 6 6 £243,495 18 8 £243,495 18 8 Balance-sheet of the State Fire Insurance Office on the 31st December, 1927. Liabilities. Assets. £ £ s. d. £ s. d. Capital authorized by the State Fire Government war-loan securities .. .. 148,146 7 0 Insurance Act, 1908 .. .. 100,000 Other Government securities .. ~ 88,150 0 0 Less not raised .. .. .. 100,000 Local-authority securities .. .. .. 87,696 4 4 Nil. Fixed deposits and at short call .. .. 75,000 0 0 Reserve Fund .. .. .. .. 489,633 13 5 Land and buildings .. .. .. 216,610 210 Investments Fluctuation Reserve Fund .. 10,000 0 0 Outstanding premiums .. .. .. 8,195 1 8 Reserve for unearned premiums .. .. 83,044 7 8 Interest accrued but not due.. .. .. 5,376 1 5 Bonus Rebate Reserve .. .. .. 26,500 0 0 Rent accrued or due .. .. .. 242 19 6 Reinsurance Reserve Fund .. .. .. 25,000 0 0 Sundry debtors .. .. .. .. 1,725 16 1 Premium and other deposits .. .. .. 1,159 1 5 Cash in Bank of New Zealand at Outstanding fire losses .. .. .. 11,975 0 0 Wellington, or in transit to Government taxes .. .. .. .. 11,957 13 3 Wellington .. .. .. 76,347 11 5 Sundry creditors .. .. .. .. 142 5 6 Imprest Account Other amounts owing by the balances— £ s. d. Office— £ s. d. Head Office .. 61 0 4 Reinsurance premiums due .. 9,827 411 Auckland .. ..048 Commission .. .. .. 1,743 0 1 Hamilton .. ..863 Rent.. .. .. .. 37 17 5 New Plymouth ..65 1 10 Printing, stationery, and adver- Palmerston North .. 3 13 8 tising .. .. .. 20 12 9 Napier .. .. 28 9 1 Postages and sundry charges .. 901 19 11 Nelson .. .. 217 10 12,530 15 1 Christchurch ..22 2 11 Fire-insurance funds, as per Revenue Account .. 35,883 6 6 Timaru .. 218 5 Dunedin .. 48 5 4 Invercargill .. 92 18 3 335 18 7 — 76,683 10 0 £707,826 2 10 £707,826 2 10 19th. March, 1928. J. H. Jerram, General Manager. C. B. Redward, Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—6. F. C. Campbell, Controller and Auditor-General.

19 —B. 1 [PT. IV, Sup.].

145

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, 1927. £ s. d. £. s. d. Premiums after deduction of reinsurances .. 65,560 7 7 Free-year bonus on personal accident policies .. 154 7 0 £ s. d. Claims .. .. .. .. .. 38,972 10 8 Interest .. .. .. 10,895 510 Commission.. .. .. .. .. 5,006 13 11 Less land and income tax .. 2,430 7 9 Salaries .. .. .. .. .. 8,312 0 0 ■ 8,464 18 1 Contribution to Public Service Superannuation Fund .. .. .. .. .. 105 0 0 Expenses of management .. .. .. 1,970 9 1 Further appropriation to reserve for unearned premiums .. .. .. .. 3,248 19 9 Amount of accident funds, 31st December, 1927.. 16,255 5 3 £74,025 5 8 £74,025 5 8 Balance-sheet of the Accident Branch of the State Fire Insurance Office, on 31st December, 1927. Liabilities. £ s. d. Assets. £ s. d. Accident funds, as per Revenue Account .. 16,255 5 3 Government war-loan securities .. .. 100,500 0 0 Outstanding accident claims .. .. .. 14,500 0 0 Other Government securities .. .. .. 3,000 0 0 Government taxes .. .. .. .. 2,430 7 9 Local-authority securities .. .. .. 87,331 1 6 Commission.. .. .. .. .. 487 0 7 Mortgages on property .. .. .. 4,350 0 0 Premium and other deposits .. .. .. 140 9 4 Fixed deposits and at short call .. .. 30,000 0 0 Sundry creditors .. .. .. .. 1,583 18 0 Interest accrued but not due .. .. .. 3,042 11 2 Officers' Fidelity Fund .. .. .. 500 0 0 Agents'balances .. .. .. .. 01910 Reserve for unearned premiums .. .. 29,502 3 5 Sundry debtors .. .. .. .. 1,93832 Investment Fluctuation Reserve .. .. 3,000 0 0 Cash in hand on current account .. .. 14,518 8 9 Reserve Fund constituted under section 6 of the Government Accident Insurance Amendment Act, 1924.. .. .. .. .. 176,282 0 1 £244,681 4 5 £244,681 4 5 J. H. Jerram, General Manager. 23rd March, 1928. 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.

146

B.—l [PT. IV, SUP.J.

STATE FOREST SERVICE. Summary of Nursery Tree-growing Operations for the Year ended 31st March, 1928.

Nursery Balance-sheets as at 31st March, 1928.

147

Dr. Or. ~ ~~ I III nf Trees Purchase of I i j ! i ! Stock of Stmts' Seeds an<1 Operations Interest Proflt to , Went Sale of Trees and Seeds Trees ! Net Loss Trees - Seeds, and Seed-beds Treeffrom : De P re dation. j and Expenditure Totals. and aecehits Trees and transferred to transferred - ™ , Totals. at 1st April, Tre 0 e t 3 h f e r r ° m D, 4»g U es° n Land "• Account. 1 Grazing, j Be^P* 8 - Seeds. Plantations, j to Schools. °C£SE. 3 1s?March, Regions. ; 1928. Distributing nurseries — ] £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 1 £ s. d. Rotorua .. .. Il0,364 12 102,650 18 0 8,267 14 6 : 459 12 8 483 2 9 277 12 1022,503 13 7 182 14 3 43 13 3 6,868 13 10 5,127 1 4143 14 7 .. 148 12 7 9,989 3 922,503 13 7 Hanmer .. .. 10,157 16 3 337 9 6 5,434 12 5 407 4 7 714 4 4 17 9 1017,068 16 11 81 17 11 .. 591 2 1 5,951 4 6 13 7 6 .. .. 10,431 4 11 17,068 16 11 Tapanui .. .. 8,557 14 0 489 13 0 4,524 0 4 335 13 4 651 5 11 .. 14,558 6 7.132 19 9 .. 878 7 3 2,044 2 9 44 2 10 320 8 6 .. 11,138 5 6 14,558 6 7 Forest nurseries — Riverhead .. .. *1,138 0 1 247 7 8 1,356 2 10 90 0 7 118 10 3 .. 2,950 1 5 .. .. .. 1.419 3 1 .. .. 4 7 5 1,526 10 11 2,950 1 5 Kaingaroa .. .. 3,149 5 0 782 10 3 1,741 13 5 2 11 11 59 19 6 .. 5,736 0 1 .. .. .. 3,213 2 11 .. .. 20 16 3 2,502 0 11 5,736 0 1 Karioi .. .. .. 367 1 5 840 4 1 13 13 6 .. .. 1,220 19 0 .. .. .. .. .. .. 69 17 7; 1,151 1 5 1,220 19 0 Golden Downs .. .. .. 831 6 8 .. ... .. 831 6 8 .. .. .. .. .. .. .. 831 6 8 831 6 8 Naseby .. .. 1,597 17 2 106 18 10 602 6 10 45 19 8 89 16 7 20 5 7 2,463 4 8 .. .. 138 18 6 915 0 2 .. .. .. ].409 6 0 2,463 4 8 Experiment nurseries — Tangimoana .. .. 1.009 15 7 64 9 7 431 0 1 23 11 0 45 6 0 .. 1,574 2 3 .. .. .. 935 10 2 .. .. .. 638 12 1 1,574 2 3 Westland .. .. 3,821 2 11 59 16 6 1,756 8 3 128 7 7 283 8 10 .. 6,049 4 1 56 14 3 .. 63 10 7 1,391 13 5 .. .. 93 9 10 4,443 16 0 6,049 4 1 39,796 3 10 5,106 4 925,785 9 511,506 14 102, 445 14 2 315 8 374,955 15 3 454 6 2 43 13 3 1 8,540 12 320,996 18 4201 4 11320 8 6i337 3 844,061 8 274,955 15 3 * £1,138 Os. Id., stocks of trees and seeds ; £158 2s. 7d., departmental property ; £20 17s. 9d„ miscellaneous assets : total £1,317 !)s. 5d., balance forward from 1926-27 accounts.

Liabilities. Assets. I i Other .Stocks ot" Trees, Sundry Total 1 Building &<• Formation Fences Roads and Live Seed Frames Tele- Water _ . , Seeds, and Goodwill | Totals Creditors. Capital. lotai. I Buildings, &c. formation. fences. Bridges. Stock. , and Beds. I phones. Service. ! ue^? r J™2 ntal Stores at 31st I of Lease. ! totals. I Fropertj. Marchj 1928 . Distributing nurseries — f s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. j £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 1 £ s. d. £ s. d.j £ s. d. £ s. d. Rotorua .. .. 167 14 1 18,223 5 5 18,390 19 6 3,476 1 9 2,251 10 0 146 6 0 : .. 82 8 0 738 12 7 .. 299 5 01,407 12 5 9,989 3 9 .. 18,390 19 6 Hanmer .. .. .. 15,755 8 2 15,755 8 2 2,554 9 1 .. 196 7 6 ! 925 12 4 44 10 0 .. 48 14 11 294 15 2 1,259 14 310,431 4 11 .. 15,755 8 2 Tapanui .. .. 1 7 0 16,271 0 3 16,272 7 3 2,134 4 4 .. 469 9 9 394 1 11 70 0 0 .. 13 0 6 144 10 01,908 15 311,138 5 6 .. 16,272 7 3 Forest nurseries — Riverhead.. .. 43 13 8 3,369 7 11 3,413 1 7 592 11 11 83 18 0 140 18 8 195 4 3 47 0 0 229 1 9 4 7 10 261 6 7 316 15 4 1,526 10 11 .. 3,413 1 7 15 6 4* Kaingaroa .. 124 10 5 2,87! 5 8 2,995 16 1 .. 399 9 11 .. 73 9 0 .. 20 16 3 .. .. 2,502 0 11 .. 2.995 16 1 Naseby .. .. .. 1,765 5 7 1,765 5 7 .. .. .. .. 72 0 0 .. .. 22 18 I 261 1 6 1,409 6 0; .. 1,765 5 7 Golden Downs .. .. 865 3 4 865 3 4 .. .. .. .. .. .. .. .. 33 16 8 831 6 81 .. ! 866 3 4 Karioi .. .. 73 2 6 1,193 10 6 1,266 13 0 .. .. .. .. .. 69 17 7, .. 45 14 0 1,151 1 5: .. 1,266 13. 0 Experiment nurseries — Tangimoana .. .. 1,107 8 1 1,107 8 1 .. 176 4 5 .. .. Ill 10 0 .. .. .. 181 1 7 638 12 1 .. 1,107 8 1 Westland .. .. 1 17 3 9,462 13 6 9,464 10 9 1,464 7 10 2,612 0 4 287 16 9 45 14 1 .. 125 5 6, ... j 170 10 3 4,443 16 0 0 9,464 10 9 412 4 11 70,884 8 5 71,296 13 4 10,237 1 3 5,523 2 8 1,240 18 8 1,634 1 7427 8 01,183 13 8*66 3 31,022 14 105,585 1 344,061 8 2 315 0 o|71,296 13 4 jk i sill. I ' ■ i i . j. I . * Arboretum. Note. —Sundry debtors shown in main Balance-sheet only.

B.—l [PT. IV, Sup.]

STATE FOREST SERVICE— continued. Summary of Plantation Operations to 31st March, 1928.

Note - Interest calculated at 4 per cent, until 31st March, 1921, and at per cent, thereafter. General Balance-sheet figures:— £ s. d. £ s. d. Plantations .. .. .. .. .. 1,475,533 11 11 Sand-dune reclamation .. .. .. .. 8,351 5 2 Westland Forest Experimental Station .. .. 14,110 1 11 Longsrood Forest .. .. .. .. .. 608 8 2 1,498,603 7 2 Value of buildings, &c., above .. .. .. .. 91,763 11 6 Debt on planted area .. .. .. .. .. 1,406,839 15 8 1,498,603 7 2

148

Expenditure. * Receipts. Plantation. | W jjSgL j S j S" ! | ™ I | !| ' A S" . . . ' j Nokth Island. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d., £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Acres. £ s. d. |Years. Maramarua .. .. 3,220 13 10 27 7 3 .. .. 165 9 1 3,413 10 2 . .. 1,374 7 4 2,039 2 10 3,413 10 2 .. .. j .. Riverhead .. .. 12,454 14 3 62 4 6 1,328 9 2 .. 197 7 0 14,042 14 11 .. 1,452 9 6 12,590 5 5 14,042 14 11 2,668 4 14 5 ! 2 Kaingaroa .. .. 159,515 13 11 38,714 4 6 70,538 16 11 21,773 7 013,419 17 0 303,961 19 4 ) 11 283 3 10 21,168 17 3, 281,202 8 4 303,961 19 4 80,256 3 10 1 17 Waiotapu .. .. 85,227 8 1 65,054 4 6 25.906 0 6 28.789 11 4 3,317 9 5 208.294 13 10 1,293 3 7 401 6 8 6,449 3 9 200.150 19 10 208.294 13 10 7,010 28 11 0 29 Whakarewarewa .. 111,327 12 2 76,762 12 3 23,361 4 11 24,384 7 6, 4,467 8 3 240,303 5 1 4,350 18 6 1,706 10 0 8,396 3 0 225,849 13 7 240,303 5 1 8,037 28 2 0-25 30 Karioi .. .. 12,552 9 6 6 1 5 .. .. j 371 5 0 12,929 15 1] 172 6 10 .. 7,245 18 9; 5,511 10 4 12,929 15 11 1,479 3 14 6 | 1 I South Island. Golden Downs .. .. 4,754 0 8 78 14 9 168 0 0 .. 289 9 9 5,290 5 2 .. .. 1,769 7 5 3,520 17 9 5,290 5 2 494 7 2 6 1 Balmoral .. .. 56,304 17 11 10,278 5 10 23,287 9 8 4,575 11 6; 2,882 0 0 97,328 4 11 1,091 15 0 163 7 7 11,867 13 11 84,205 8 5 97,328 4 11 13,016 6 9 4-6 11 Blue Mountains .. 16,769 16 6 507 13 2 8,297 8 3 384 13 10! 73 18 2 26,033 9 11 169 19 2 6 17 0 4,434 18 11 21,421 14 10 26,033 9 11 3,256 6 11 7 3 Conical Hills and Pukerau 56.190 11 5 41,167 10 I 22,961 15 6 20.837 13 11, 6,885 4 7 148,042 15 6 4,427 7 101,892 6 5 4,135 18 7 137,587 2 8 148,042 15 6 4,106 33 10 2 25 Dusky Hills and Greenvale 54,108 15 3 33,010 14 1 29.139 7 3 17,279 2 7 3,990 6 5 137.528 5 7 1,042 5 0 328 6 0 5,638 5 4 130,519 9 3 137,528 5 7 4,392 29 14 4 30 Hanmer Springs .. 68,413 10 10 31,565 5 6 19,726 5 3 10,918 15 0 5,943 15 6 136,567 12 1 1,522 4 0 496 12 10 9,499 10 9 125,049 4 6 136,567 12 1 7,900 15 16 6-9 26 Naseby .. .. 26,911 8 0 15,072 5 10 25.133 6 6 16,780 16 6 2,012 15 6 85,910 12 4 562 8 1 58 4 8 3,047 9 3 82,242 10 4 85,910 12 4 2,366 34 15 3 29 Experiment Stations. Puhipuhi .. .. 12,921 0 8 5,989 16 4 1,703 12 9 921 12 9 612 10 2 22,148 12 8 134 6 2 21 15 10 585 15 5 21,406 15 3 22,148 12 8 1,200 17 16 10 24 Rangitikei .. .. 3,125 13 11 217 4 11 2,392 15 1 102 5 5; .. 5,837 19 4 .. .. 1,260 6 10 4,577 12 6 5.837 19 4 534 8 11 6 7 Rangitikei Survey District 7,596 3 7 755 1 7 .. .. j .. 8,351 5 2 .. ■ 849 12 9 7,501 12 5 8,351 5 2 3,617 2 1 6 Reclamation Dumgree .. .. 11.399 2 0 10,667 19 5 3,985 7 0 5,274 9 5 5,938 6 8 37,265 4 6 3,165 16 9 1,629 9 2 91 0 0 32,378 18 7 37,265 4 6 351 92 4 11 25 Westland .. .. 12,718 8 6 .. 1,391 13 5 .. .. 14,HI) 1 11 .. .. 1,972 3 5 12,137 18 6 14,110 1 11 1,288 9 8 6 5 Galloway .. .. 68 19 10 44 9 11 16 0 0 10 0 L| 0 4 7 139 14 5 .. .. 21 13 6 118 0 11 139 14 5 2 59 0 5-5 12 Gimmerburn .. .. 3,621 0 6 4,161 12 2 3,288 0 0 4,507 10 5 526 4 1 16,104 7 2 1,658 18 8 1,137 0 10 172 0 0 13,136 7 8 16,104 7 2 S8 149 7 9-7 27 Omarama .. .. 70 1 9 43 12 4 11 0 0 7 2 11 0 19 10 132 16 10 .. . . 20 4 6 112 12 4 132 16 10 2 56 6 2 12 Raincliffe .. .. 535 15 0 641 4 0 .. .. 1.410 3 1 2,587 2 1 11 4 0 19 5 11 122 6 0 2,434 6 2 2,587 2 1 206 11 16 4 | 26 Waitahuna .. .. 267 7 9 305 6 9 63 0 0 82 0 9 7 5 2 725 0 5 .. .. 20 4 6 704 15 11 725 0 5 11 64 1 5-4 22 Longwood .. .. 387 8 2 .. 221 0 0 .. .. 608 8 2 .. .. 168 0 10 440 7 4 608 8 2 124 3 10 9 1 720,462 14 0 335,133 11 1262,920 12 2156,629 0 11 52,511 19 31,527,657 17 5 20,910 3 68,144 6 91,763 11 6 1,406,839 15 81,527,657 17 5 142,403 ___ ; I I i| I

B.—l [PT. IV, Sup.].

STATE FOREST SERVlCE—continued. STATE FORESTS ACCOUNT. Income and PjXPEnditure Account fob the Year ended 31st March, 1928. Timber Revenues Account. Dr. | Cr. £ s. d. £ s. d. To Endowments, &c. — £ s. d. s. d. :By Timber royalties .. .. 8,101 13 0 NationalEndowmentAccoant Timber sales .. 41,150 5 4 (section 39, Forests Act, Timber trespass .. .. 360 8 0 1921-22) .. .. 14,278 11 11 49,612 6 4 Local authorities (section 17, Finance Act, 1924) .. 5,150 5 0 Electric Supply Account (section 91, Lands Disposal and Public Bodies Empowering Act, 1921—22) 22 3 0 19,450 19 11 Balance carried down to General Revenue Account .. .. .. .. 30,161 6 5 £49,612 6 4 £49,612 6 4 General Revenues Account. Dr. £ s. d. Cr. £ si d. To Salaries and contributions to Public Service I By Balance from timber-revenues .. .. 30,161 6 5 Superannuation Fund .. .. .. 23,219 711 j Leases— £ s. d. General management of State " Grazing .. .. 3,573 14 8 forests — £ s. d. Sawmill-sites .. .. 809 11 10 Postages, cables, printing and Industrial .. .. 815 15 6 stationery, &c. .. .. 1,882 11 9 5,199 2 0 Payments to other Departments Permits — for services rendered .. 265 13 6 ! Grazing .. .. .. 282 18 9 Forest and grazing reconnais- I Miscellaneous .. .. 814 5- 7 sance, timber cruising, &c. 6,777 8 5 j 1,097 4 4 Cost-of-living bonus to an- | License and transfer fees .. .. 118 3 6 nuitants, &c. .. 13 0 0 j Interest on overdue promissory notes .. 190 4 8 Destruction of wild pigs, &c. .. 410 7 1 | Fees for inspections and reports .. .. 355 5 8 Legal expenses, contingencies, 1 Rental of departmental houses .. .. 98 0 0 &c. .. .. .. 71 5 10 Kauri-gum—Sale and royalty .. .. 146 5 0 Office rent, heating and lighting, Opossum revenue.. .. .. .. 4,097 18 0 &e. .. .. .. 3,185 5 5 Akatarawa Reserve —Administration expenses Transportation expenses and and revenue .. .. .. .. 61 311 upkeep of motor vehicles .. 1,624 7 3 | Administration expenses, Forests Amendment Travelling, transfer and removal Act, 1926-27 .. .. .. .. 1,610 2 0 expenses.. .. .. 3,680 18 8 | Miscellaneous .. .. .. .. 460 9 5 Maintenance of buildings and Balance carried down to Interest Account .. 12,228 3 2 other departmental property 500 5 8 18,411 3 7 Forest-fire prevention— Communication and controls, locomotion and travelling expenses .. .. 605 8 3 Wages, &c .. .. 2,862 5 9 3,467 14 0 Educational — Forest exhibits .. .. 41 6 3 Photographic records, &c. .. 164 3 8 Preparation of service bulletins, purchase of publications, &c. 247 510 452 15 9 Forest research— Forest ecology .. .. 212 19 0 Silvicultu ral management studies .. .. .. 537 16 3 Utilization timber testing, &c. 4,756 4 4 Forest entomology .. .. 249 8 5 5,756 8 0 i Afforestation — Preparation of planting plans, &c. .. .. .. 1,203 15 11 Tree-seed operations .. 119 10 3 Travelling allowances and ex- , penses .. .. .. 7110 7 2,034 6 9 Acquisition of indigenous forests — Yearly rent, Otanewainuku Survey District 74 0 0 Miscellaneous —Expenses of officers going overseas .. .. •• .. .• 184 8 1 | Debts irrecoverable .. .. .. 12 11 6 I Depreciation . . .. .. .. 2,205 12 3 Net loss on nurseries in Rotorua and Central Otago regions .. .. .. .. 503: £55,823 8 1 £55,823 8 1 Interest Account. Dr. £ s. d. Cr. £ IS . (J. To Balance from General Revenues Account .. 12,228 3 2 By Interest on investments .. . , .. 2,095 17 4 Interest on debentures and stock, stamp duty Interest charged to nurseries and plantations 60,968 12 6 and management charges .. .. 34,434 11 6 Land rental charged to nurseries and plantations 4,427 6 6 Balance to General Reserves Account .. 20,829 1 8 £67,491 16 4 £67,491 16 4

149

B.—l [PT. IV, Sup.].

STATE FOREST SERVlCE—continued. Balance-sheet as at 31st March, 1928. Liabilities. Assets. Sundry creditors— £ s. d. £ s. d. £ s. d. £ s. d. National Endowment Account 12,968 10 2 Standing forests .. 34,106,564 11 2 On open account .. .. 8,738 17 0 i Less reserve ~ .. 527,890 4 3 Local authorities .. .. 1,892 19 2 I 33,578,674 611 Interest accrued to 31st March, j Forest improvements—D. 1928 .. .. .. 5,983 6 11 | marcation, tracks, and 29,583 13 3 protection improvements .. 3,453 15 10 Reserve Account .. .. .. .. 3,129 7 5 Nurseries and plantations— Assets Suspense .. .. .. .. 144 0 2 Nurseries .. .. 71,296 13 4 Liability for amounts held in deposit .. 2,502 5 9 Plantations .. .. 1,475,533 11 11 Consolidated Fund—Grants made .. .. 59,250 0 0 1,546,830 5 3 Loan Account —Debentures and stock issued 761,171 6 3 | Land .. .. .. 1,934,862 16 6 Forest Capital Account .. .. .. 36,461,126 15 4 j Purchases, &c. 40,377 4 6 Surveys and reading loans on Crown lands taken over ~ .. 6,316 5 4 1,981,556 6 4 Hukinga Forest — Cost of half-interest .. .. 5,374 17 0 Experiment and research works — Sand-dune reclamation 8,351 5 2 Westland Forest Experimental Station .. 14,110 1 11 Auckland Experimental Station .. .. 297 18 6 Re-establishment Longwood Forest . . 608 8 2 Arboretum and sample plots .. .. 970 8 5 24,338 2 2 Departmental property, indigenous forests— Buildings .. .. 3,561 10 3 Field equipment .. 2,440 7 4 Office equipment .. 3,455 19 5 Motor-vehicles .. 1,510 14 0 Telephone-lines .. 334 4 7 Fire-fighting equipment 342 0 8 Photographic equipment 163 18 8 Reference library and exhibits .. .. 1,118 6 3 Forest ecology equipment 158 2 2 Timber-testing equipment 585 2 I Forest atlas .. .. 1,408 2 8 Stores .. .. 210 1 3 15,288 9 4 Seeds .. .. .. 1,309 13 0 Seeds, &c., in transit .. 93 7 5 1,403 0 5 Sundry debtors — State forests and nurseries 117,374 7 3 | Interest accrued on investments .. .. 731 0 3 118,105 7 6 Less reserve for bad debts 2,500 0 0 115,605 7 6 Investment in Public Debt Redemption Fund .. .. 3,701 10 3 Deposit Account, amounts held in .. .. .. 2,502 5 9 Assets in Suspense .. .. 144 0 2 Cash balances at 31st March, 1928— In Post Office .. 250 19 1 In Public Account .. 16,829 17 3 Imprests outstanding in Dominion .. .. 541 15 1 Imprests outstanding in London .. .. 412 9 10 Investment Account .. 20,000 0 0 38,035 1 3 £37,316,907 8 2 £37,316,907 8 2 Notes.—(l) Lands and standing forests other than areas purchased have been valued as follows : Prairie value, ss. per acre ; protection, £1 per acre ; merchantable forest, £10 per acre. (2) Plantations have been valued at cost plus compound interest, less returns compounded. E. Phillips Turner, Director. Wm. Taylor, A.R.A.N.Z., Accountant. I hereby certify that the 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. The following comment is appended : Interest on the amount held in the Public Debt Redemption Fund has been compounded, whereas there is no statutory provision therefor.—G. F. C. Campbell, Controller and Auditor-General.

150

B.—l [PT. TV, SUP.].

SWAMP LAND DRAINAGE ACCOUNT. Receipts and Payments Account for the Year, ended 31.st March, 1928. Receipts. £ s. d. Payments. Balance as at Ist April, 1927.. .. .. 4,888 0 5 Kaitaia Drainage District — £ s. d. £ s. d. Debentures issued under Swamp Land Drainage Drainage-works, &c. .. .. 7,579 12 2 Act, 1915, and Appropriation Act, 1918, section Management and engineering 46 .. .. .. .. 60,000 0 0 expenses .. .. 1,065 19 7 Temporary transfers from other accounts (Public 8,645 11 9 Revenues Act, 1926, section 40) .. .. 69,000 0 0 Waihi Drainage District— Rents from the letting of national-endowment Drainage-works, &c. .. .. 1,824 3 9 lands in the Waihi drainage area .. .. 574 4 8 Management and engineering Special rate for interest and sinking expenses .. .. .. 188 12 8 fund: Swamp Land Drainage 2,012 16 5 Act, 1915, section 5— £ s. d. Hikurangi Drainage District— Kaitaia drainage area .. 3,796 9 9 Drainage-works, &c. .. .. 12,685 3 9 Waihi drainage area .. .. 461 10 0 Management and engineering 4,257 19 9 expenses .. .. .. 1,282 0 9 General rate for administration ——— 13,967 4 6 and maintenance : Swamp Poukawa Drainage District—• Land Drainage Amendment Drainage-works, &c. .. .. 200 5 6 Act, 1926, section 3— Management and engineering Kaitaia drainage area .. 1,162 8 5 ' expenses .. .. .. 24 10 5 Waihi drainage area . . .. 661 2 0 224 15 11 1,823 10 5 Fuel and stores .. .. .. 8,567 7 4 Rents .. .. .. .. .. 202 12 0 Interest on debentures recouped to Dredge-hire .. .. .. .. 1,521 0 0 Consolidated Fund .. .. .. 10,184 5 9 Royalty .. .. .. .. .. 4U4 Loose tools .. .. .. .. 312 9 Interest on mortgage .. .. 12 10 4 Management charges on consoliRepayment in reduction of mortgage .. .. 50 0 0 dated stock.. .. .. 30 9 6 Interest on investments .. .. .. 125 16 3 Stamp duty on transfers, consoliMiscellaneous .. .. .. .. 436 1 3 dated stock.. .. .. 13 11 10 44 1 4 j Plant and machinery .. .. .. 4,338 0 11 Public Revenues Act, 1926, section 4— Interest paid on temporary transfers from other accounts 1,145 11 9 Temporary transfers from other accounts repaid .. .. 74,000 0 0 75,145 11 9 Balance at end of year — Cash in the Public Account .. .. 19,262 18 0 £142,396 6 5 £142,396 6 5 WAIHI DRAINAGE DISTRICT. Special Rate Account for the Year ended 31st March, 1928, for Interest and Sinking Fund on Allocated Cost of Works. Pukehina Subdivision. £ s. d. £ s. d. Interest on allocated cost of works .. .. 500 0 0 Rates levied .. .. .. .. .. 373 4 5 Sinking fund contained in rates levied—transferred Subsidy from Consolidated Fund towards rates .. 183 0 0 to Reserve Account.. .. .. .. 5000 Balance carried forward .. .. .. 6 4 5 £556 4 5 £556 4 5 Kaikokopu Subdivision. £ s. d. £ s. d. Interest on allocated cost of works .. .. 750 0 0 Rates levied .. .. .. .. .. 556 18 3 Sinking fund contained in rates levied —transferred Subsidy from Consolidated Fund towards rates .. 275 0 0 to Reserve Account.. .. .. .. 75 0 0 Balance carried forward .. .. . . 6 18 3 £831 18 3 £831 18 3 General Rate Account for the Year ended 31st March, 1928, for Maintenance of Works. £ s. d. £ s. d. Maintenance costs .. .. .. .. 1,054 910 Rates levied .. .. .. .. .. 1,178 2 9 Balance carried forward .. .. 623 12 11 Subsidy from Consolidated Fund towards rates .. 500 0 0 £1,678 2 9 £1,678 2 9 General Revenue Account —Central Subdivision. £ s. d. £ s. d. Rebates .. .. •• •• •• 34 11 11 Accrued rents .. .. .. .. 553 9 4 Interest on cost of works allocated to area .. 1,968 5 2 Balance carried forward .. .. .. 1,449 7 9 £2,002 17 1 £2,002 17 1

151

B.—l [PT. IV, SUP.]

SWAMP LAND DRAINAGE ACCOUNT—continued. KAITAIA DRAINAGE DISTRICT. Special Rate Account for the Year ended 31st March, 1928, for Interest and Sinking Fund on Allocated Cost of Works. Rural Subdivision. £ s. d. £ s. d. Interest on allocated cost of work .. .. 5,500 0 0 Rates levied .. .. .. .. .. 3,055 16 2 Sinking Fjind contained in rates levied—transferred Subsidy from Consolidated Fund towards rates .. 3,253 0 0 •to Reserve Account .. .. .. 550 0 0 Balance carried forward .. , . .. 258 16 2 £6,308 16 2 £6,308 16 2 Town District. £ s. d. £ s. d" Interest on allocated cost of work .. .. 750 0 0 Rates levied .. .. .. .. .. 548 13 1 Sinking Fund contained in rates levied—transferred Subsidy from Consolidated Fund towards rates .. 275 0 0 to Reserve Account .. .. .. 75 0 0 Balance carried forward .. .. .. 16 11 £825 0 0 , £825 0 0 General Rate Account for Year ended 31st March 1928, for Maintenance of Works. £ s. d. , £ S. d" Maintenance costs .. .. .. .. 2,284 7 8 | Rural subdivision—* Rates levied .. .. .. .. 882 14 0 Subsidy from Consolidated Fund .. .. 1,005 0 0 Town district— Rates levied .. .. .. .. 132 19 5 Subsidy from Consolidated Fund .. .. 66 0 0 i Balance carried forward .. .. . . 197 14 3 £2,284 7 8 £2,284 7 ~8 Balance-sheet as at 31st March, 1928. Liabilities. i Assets. Debentures issued under Swamp Land Drain- £ s. d. Kaitaia Drainage District— £ s. d. £ s. d. age Act, 1915 .. .. .. .. 536,000 00 \ Allocated cost of works on which Temporary advances from other accounts (sec- rates are levied— tion 40, Public Revenues Act, 1926) .. .. 10,000 0 0 : Rural subdivision .. .. 110,000 0 0 Consolidated Fund, for loans redeemed under ; Town district .. 15,000 0 0 Public Debt Repayment Act, 1925 .. .. 5,000 0 0 j 125,000 0 0 Public Works Fund —Land Improvement vote .. 4,563 19 7 Excess cost of works not reConsolidated Fund—Accumulated interest on I ooverable .. .. 47,746 3 5 amount expended out of Public Works Fund .. 2,538 2 8 ! Interest Account—Proportion Consolidated Fund—lnterest on debentures paid , chargeable to district .. 53,277 10 9 but not recouped from Swamp Land Drainage I _ ]()] 023 14 2 Account .. .. .. .. .. 29,398 9 10 | Waihi Drainage DistrictSundry creditors — i Allocated cost of works on which Interest on debentures accrued but not due .. 7,930 13 9 rates are levied— Interest on debentures due and unpaid .. 3 5 9 Pukehina Subdivision .. 10,000 0 0 Miscellaneous .. .. .. .. 3,671 18 5 Kaikokopu Subdivision .. 15,000 0 0 Rates paid in advance .. .. .. 0 11 Cost allocated to Crown lands Rent accrued but not due .. .. .. 129 8 0 forming the Central SubdiviKaitaia Drainage District— sion on which special rates Balance carried forward on special rate account, are not levied .. .. 50,000 0 0 rural subdivision .. .. .. 258 16 2 75 qqq q q Waihi Drainage District — Excess cost of works not recoverBalance carried forward on— able .. .. 4 620 4 0 Special rate account, Pukehina Subdivision .. 6 4 5! Interest Account — Proportion Special rate account, Kaikokopu Subdivision 6 18 3 chargeable to district .. 24,397 14 3 General rate account, for maintenance .. 623 12 11 29 017 18 3 Reserve Account — Poukawa Drainage District— Kaitaia Drainage District— Drainage-works .. .. 3,757 16 0 Levy for repayment of capital cost— Interest Account — Proportion Rural subdivision .. .. .. 550 0 0 j chargeable to district 1,785 1 4 Town District .. .. .. .. 75 0 0 j g 542 17 4 Carried forward .. .. .. 600,756 10 10 Carried forward .. .. 335 584 9 9

152

20— B. 1 [PT. IV, SUP.].

B.—l [PT. IV, SUP.].

SWAMP AND DRAINAGE ACCOUNT—continued. Balance-sheet as at 31st March, 1928—continued. Liabilities—continued. £ s. d. j Assets—continued. £ §. d. Brought forward .. .. .. .. 600,756 10 10 j Brought forward .. .. .. .. 335,584 9 9 Waihi Drainage District— I Hikurangi Drainage District— £ s. d. Levy for repayment of capital cost, Pukehina .. 50 0 0 Drainage-works .. .. 133,411 4 4 Levy for repayment of capital cost, Kaikokopu.. 75 0 0 j Interest Account — Proportion chargeable to district 33,195 13 3 166,606 17 7 I Mangawai Drainage District— Drainage-works .. .. 1,877 15 9 Interest Account — Proportion chargeable to district .. 525 9 0 2,403 4- 9 Harihari Drainage District — Drainage-works .. .. 4,354 15 1 Interest Accoimt — Proportion I chargeable to district .. 940 17 10 5,295 12 11 I Buildings .. .. .. .. .. 2,611 19 3 Wharves .. .. .. .. .. 89113 | Plant and machinery .. . . 50,344 8 11 Loose tools .. .. .. .. .. 622 12 1 Live-stock .. .. .. .. . . 40 11 3 Fuel, &c. .. .. .. .. .. 3,074 0 6 Stores on hand .. . . . . .. 6,282 4 0 Sundry debtors — Advance on mortgage . . .. .. 210 0 0 Interest on mortgage .. .. .. 2 12 6 Hut rents .. .. .. . . 21 14 8 Dredge-hire .. . . .. . . 234 0 0 Flax royalty .. .. .. .. 1 17 8 Rent under section 4 (5), Swamp Drainage Amendment Act, 1926 .. .. .. 76 0 9 Miscellaneous .. .. .. .. 264 7 1 Sundry debtors for rates : Kaitaia Drainage District— County Subdivisions — Special rates for interest and £ s. d. sinking fund .. .. 2,795 6 4 General rates of maintenance .. 792 13 8 — 3,588 0 0 Town DistrictSpecial rates for interest and sinking fund .. .. 518 1 1 General rates for maintenance .. 125 8 7 — — 643 9 8 j Sundry debtors for rates: Waihi Drainage District— Pukehina Subdivision—Special rates for interest and sinking fund .. .. .. 373 4 5 Kaikokopu Subdivision—Special rates for interest and sinking fund .. .. .. 552 18 8 Genera] rate for maintenance over whole area .. 1,016 12 4 Kaitaia Drainage District— Balance carried forward on special rate account — Town District .. .. .. .. 1611 General rate account for maintenance .. 197 14 3 j Waihi Drainage District— Balance carried forward on General Revenue Account—Central Subdivision .. .. 1,449 7 9 Cash in hand of Post Office .. .. .. 29 13 11 Balance at end of year —Cash in Public Account.. 19,262 18 0 £600,881 10 10 £600,881 10 10 -T. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify 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. G. F. C. Campbell, Controller and Auditor-General.

153

B.—l [PT. IV, SUP.].

TEACHERS' SUPERANNUATION FUND. • Revenue Account foe the Year ended 31st January, 1928. £ s. d. £ s. d. £ s. d. To Balance, 31st January, 1927 .. .. 1,083,155 211 By Retiring and other allowContributions of members— £ s. d. ances .. .. 187,582 18 0 Ordinary .. .. 129,573 13 10 ArrearsArrears, under section 115, Under section 115 of the Public Service Superan- Act .. .. 969 13 9 nuation Act, 1927— 188,552 11 9 From contributors .. 1,415 7 6 Contributions refunded— From annuitants .. 309 14 0 On voluntary retirement 20,860 6 2 131,298 15 4 On death of member .. 3,193 11 9 Additional contribution from Fiji Govern- On lapse of membership 1,685 9 9 ment in respect to teachers in Fiji schools 205 13 4 25,739 7 8 Contributions transferred from other funds 367 5 10 Contributions transferred to other funds .. 336 3 2 Government subsidy— £ s. d. Reserve for bad and doubtful debts .. 1,820 14 11 Under the Act, section 112 43,000 0 0 Administration expenses— £ s. d. ~ section 114 3,228 1 3 Commission, G.P.O. .. 428 6 6 Additional grant .. 25,000 0 0 Commission, Public Trustee 1,643 13 8 71,228 1 3 Clerical assistance .. 900 0 0 Interest — Postage and telegrams .. 74 10 0 On investments .. .. 65,293 14 7 Offices expenses .. .. 113 9 8 On contributions in arrears Travelling-expenses of Board (1927-28) .. .. 1,908 5 3 members .. .. 108 15 6 On back contributions under ' Medical fees .. .. 210 0 section 115 of the Act Audit fees .. .. 50 0 0 for past period— 3,339 15 4 From contributors .. 612 16 0 Actuarial examination for From annuitants .. 238 11 0 period 1920-24 .. 254 17 3 68,053 610 Provision for period 1924-27 250 0 0 504 17 3 Balance, 31st January, 1928 .. .. 1,134,014 15 5 £1,354,308 5 6 £1,354,308 5 6 COST-OF-LIVING BONUS ACCOUNT FOR THE YEAR ENDED 31st JANUARY, 1928. £ s. d. £ s. d. To Refund from Consolidated Fund .. .. 1,874 1 4 By Balance due from Consolidated Fund, January, Balance due from Consolidated Fund, 31st Janu- 1927 .. .. .. .. .. 306 0 0 ary, 1928 .. .. .. .. 158 10 4 Payment of bonus .. .. .. 1,726 11 8 £2,032 11 8 £2,032 II 8 Balance-sheet as at 31st January, 1928. Liabilities. £ s. d. Assets. £ s. d. Fund as per Revenue Account .. .. 1,134,014 15 5 Amount held by Public Retiring and other allowances due and unpaid 1,877 13 4 Trustee — £ s. d. Refund of contributions due and unpaid .. 753 15 2 Invested .. .. 1,133,044 8 9 Administration expenses unpaid— Uninvested .. .. 15,046 4 2 Commission, Post and Telegraph £ s. d. — 1,148,090 12 11 Department .. .. 135 5 6 Contributions of members— Clerical assistance .. .. 750 0 0 In transit .. .. 8,310 16 8 Postage and telegrams .. 62 10 0 Due and outstanding .. 8,064 17 6 Office expenses, printing, and ' 16,375 14 2 stationery .. .. .. 44 5 9 . Interest on investments — Audit fee .. .. 41 13 4 Due and outstanding .. 2,301 19 4 — 1,033 14 7 Accrued, but not due .. 16,570 18 0 Unclaimed contributions .. .. .. 1,469 6 7 18,872 17 4 Amounts paid into fund in error .. .. 5 16 Interest on arrears of contributions due and outGovernment subsidy —Statutory standing (contributors') .. .. .. 904 18 8 grant paid in advance to 31st £ s. d. Due by annuitants under section 115 of the December, 1928 .. .. 39,416 13 4 Act (contributions and interest) .. .. 505 0 7 Less portion of additional subsidy Consolidated Fund, on account of cost-of-living (£25,000) voted for year to 31st bonus .. .. ... .. .. 158 10 4 March, 1928, not paid at 31st Refund of contributions passed in advance .. 45 19 11 January, £9,833 6s. Bd. ; additional subsidy under section 114 of Act, not yet paid, £304 15s. sd. .. .. 10,138 2 1 29,278 11 3 Rent received from securities leased (in excess of interest yet due by mortgagor) .. .. 7 811 Reserve for commission payable to Public Trustee in respect to interest due or accrued .. 495 12 0 Reserve for commission to Post and Telegraph Department in respect to vouchers issued but unpaid .. .. .. .. 22 10 0 Reserve for cost of actuarial investigation (now in progress) .. .. .. .. 250 0 0 Carried forward .. .. .. 1,169,208 8 9 Carried forward .. .. .. 1,184,953 13 11

154

B.—l [FT. IV, SUP.].

TEACHERS' SUPERANNUATION FUND—continued. balance-sheet as at 31st January, 1928 —continued. Liabilities continued. £ s. d. Assets—continued. £ s. d. Brought forward .. .. .. 1,169,208 8 9 Brought forward .. .. ..1,184,953 13 11 Reserve for loss on realization of securities — £ s. d. Balance at 31st January, 1927 3,017 3 4 Added, 1927-28 .. .. 1,820 14 11 4,837 18 3 Less loss, 1927-28 (interest) .. 728 11 0 •— 4,109 7 3 Vouchers issued but unpaid at 31st January, 1928 .. .. 13,163 7 7 Less cash in hands of Post Office 1,527 9 8 11,635 17 11 £1,184,953 13 11 £1,184,953 13 11 C. E. Crawford, A.1.A.N.Z., Education Department, Secretary, Teachers' Superannuation Board. Wellington, 30tli April, 1928. 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. P. C. Campbell, Controller and Auditor-General. TREASURY DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. j Income. £ s. d. To Administrative charges— £ s. d. jßy Inscribed stock fees . . .. .. 633 1 0 Salaries .. .. .. .. 26,518 16 3 j Pees — Stock transferred, London to New Office requisites, &c. .. . . .. 153 810 Zealand .. .. .. .. 17 6 Allowances, overtime, &c. .. .. 301 12 7 Balance carried down .. .. 72 168 411 Postages, &c. .. .. .. .. 2,068 8 10 Printing and stationery .. .. 4,403 1 9 Telegrams beyond Dominion .. .. 1,363 5 8 Telephone subscriptions .. .. 220 12 3 Travelling-expenses ...... 79 4 3 Office expenses .. . . .. 18 10 2 Annual rental value of premises (a) .. 2,472 0 0 £ s. d. Bank exchange and commission 24,167 4 7 Less recoveries .. .. 10,939 15 9 13,227 8 10 Expenses incidental to the Rural Advances Act .. .. .. .. .. 10 10 0 Expenses of Local Government Loans Board 513 6 2 Refund unclaimed money .. .. 267 12 3 Transfer expenses Dunedin Office .. .. 50 14 4 Depreciation .. .. .. .. 331 1 8 Consolidated stock—Management charges .. 18,271 6 ! Consolidated stock —Stamp duty on transfers 2,499 11 1 Losses irrecoverable .. .. .. 32 2 5 £72,802 13 5 £72,802 13 5 £ s * d. £ s. d. To Balance brought down .. .. .. 72,168 411 By Recoveries on account of expenditure of Interest on capital (b) .. .. .. 167 19 6 previous years .. .. .. 17 8 5 Excess of expenditure over income .. 72,318 16 0 £72,336 4 5 «. £72,336 4 5 Note. —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, 1927. Depreciation has been allowed for on balances of assets as at Ist April, 1927, the total charge being carried to Depreciation Reserve. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. Capital as at Ist April, 1927 .. .. .. 3,732 15 2 Office furniture, fittings, and equip- £ s. d. £ s. d. Sundry creditors for outstanding expenses .. 1,158 19 2 ment .. _ .. .. 2,141 2 2 Depreciation Reserve .. .. .. 1,409 9 11 Less provisionally written off .. 2 13 2 Treasury Adjustment Account .. .. 70,398 12 5 2,138 9 0 Mechanical appliances .. .. 2,094 2 5 Less jJrovisionally written oif .. 27 16 0 2,066 6 5 Library .. . . .. .. .. 89 17 10 Sundry debtors .. .. .. .. 65 8 11 Stock of stamps . . . . .. . . 14 7 3 Expenses paid in advance .. . . . . 6 113 Excess of expenditure over income .. .. 72,318 16 0 £76,699 16 8 j £76,699 16 8 Note. —Furniture to the value of £33 6s. has been transferred to the Department for which no parliamentary appropriation has been obtained. 20th August, 1928. 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-General.

21 —B. 1 [PT. IV, SUP.].

155

B.—l I IT. IV, SUP.].

VALUATION DEPAIiTMEN T. Income and Expenditure Account foe the Year ended 31st March, 1928. Expenditure. £ s. d. | Income. £ s. dTo Advertising, books, newspapers, and other By Fees charged for valuers'reports .. .. 21,546 5 2 publications .. .. .. .. 109 7 1 Scale fees for State Advances reports .. 7,364 1 0 Assessment Court expenses .. .. 546 6 11 Fees charged for certified copies of existing Compassionate grants to widows of officers .. 366 10 0 roll values .. .. .. .. 1,878 3 0 Depreciation on office furniture and maps .. 1,266 0 2 Contributions from local bodies— Fees to valuers .. .. .. .. 16,161 19 2 Ordinary services .. .. .. 10,151 17 3 Freight, cartage, and transport charges .. 15 8 5 Special services .. .. .. 918 18 6 Fuel, light, power, and water .. .. 22 7 8 Land and Income Tax Department .. 11,469 14 0 Law-costs .. .. .. .. 19 12 0 State Advances Office, for agency work .. 1,250 0 0 Loss on stores worn out or disposed of .. 18 16 2 Levying and collecting hospital rates in Sounds Maps, tracings, and schedules of land transac- and Taupo Counties and in Waiheke Island 212 8 3 tions .. .. .. .. .. 247 7 0 Profit on property sold .. .. .. 2 4 5 Office expenses .. .. .. .. 244 15 8 Balance (exclusive of interest) .. .. 9,017 13 11 Overtime and meal allowance .. .. 25 8 6 Payment to Post and Telegraph Department.. 100 0 0 Postages, telegrams, and rent of post-office boxes .. .. .. .. 526 17 11 Printing and stationery .. .. .. 900 311 Rent .. .... .. .. 2,507 4 3 Revision of districts .. .. .. 100 0 0 Salaries .. .. .. .. .. 34,745 16 4 Telephone services .. .. .. 417183 Transfer and removal expenses .. .. 262 9 3 Travelling allowances and expenses .. 5,163 14 7 Typewriter repairs .. .. .. 43 2 3 £63,811 5 6 £63,811 5 6 £ s. d. £ s. d. To Balance brought down, exclusive of interest .. 9,017 13 11 By Balance after charging interest . .. 9,988 4 7 Interest .. .. .. .. 970 10 8 £9,988 4 7 £9,988 4 7 Note. —The accounts include charges against the Department for rent and interest for which the Department posseses no parliamentary appropriation. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital Account .. .. .. .. 21,567 8 2 Office furniture, fittings, and requiSundry creditors .. .. .. .. 1,414 7 4 sites .. .. .. 2,352 18 4 State Advances—Scale fees prepaid .. .. 4,531 15 8 Less removals .. .. 28 010 Depreciation Reserve .. .. .. 4,642 13 4 Native rates written off by section 31 of Native 2,324 17 6 Land Amendment and Native Claims Adjust- Add additions.. .. , . 135 5 ] 1 ment Act, 1927 .. .. .. .. 28,073 9 7 . Treasury Adjustment Account .. .. 20,323 2 10 2,460 3 5 Deposit Account—Hospital and Charitable In- Written off in Suspense .. .. 12 4 2 stitutions Act, 1926 .. .. .. 3 3 2 2,447 19 3 Mechanical appliances .. .. 1,158 17 7 Less removals .. .. 14 0 0 1,144 17 7 Add additions.. .. .. 146 5 3 1,291 2 10 Office maps .. .. .. 18,054 15 9 Add additions.. .. .. 989 8 3 19,044 4 0 Stationery .. .. .. .. 870 12 6 Sundry debtors— Local bodies .. .. .. 6,654 13 0 Land and Income Tax Department 11,469 14 0 Fees outstanding .. .. 661 14 0 Miscellaneous recoveries .. 105 18 3 18,891 19 3 Less bad and doubtful debts reserve .. .. .. 54 15 1 18,837 4 2 Native rates recoverable under Crown and Native Lands Rating Act, 1882 .. .. .. 28,073 9 7 Deposit Account—Hospital and Charitable Institutions Act, 1926 .. .. .. 3 3 2 Excess of expenditure over income .. .. 9,988 4 7 £80,556 0 1 £80,556 0 1 31st July, 1928. 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.—G. F. C. Campbell, Controller and Auditor-General.

156

B.—l [PT. IV, Sup ].

WAIHOU AMD OHINEMURI RIVERS IMPROVEMENT ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. i Income. To Interest for 1927-28 — £ s. d. By Contributions from — £ s. d. £ s. d. First loan (£150,000) .. .. .. 6,500 0 0 Gold-mining companies .. 1,239 17 9 Second and subsequent loans and transfers Gold duty .. .. 3,719 13 3 (£470,000) .. .. .. .. 17,987 17 0 | Consolidated Fund .. .. 1,239 17 9 Maintenance of completed works .. .. 939 6 8 ——■ ti, 199 8 9 Rents from cottages, &c., and royalties from sale of sand .. .. .. .. 338 1 2 Interest credited for 1927-28 on investments in Public Debt Redemption Fund .. .. 160 1 1 Balance, being deficiency for the year, carried down.. .. .. .. .. 18,729 12 8 £25,427 3 8 £25,427 3 8 £ s. d To Accumulated deficiency to 31st March, 1927 .. 64,531 0 8 By Interest credited for period Ist April, 1921, to £ s. d. Deficiency for 1927-28 .. .. .. 18,729 12 8 31st March, 1927, on investments in Public Debt Redemption Fund .. .. 697 6 5 Balance carried forward .. .. .. 82,563 611 £83,260 13 4 £83,260 13 4 Balance-sheet as at 31st March, 1928. Liabilities. Assets. £ s. d. Loan liability— Land purchase and compensation .. .. 3,385 18 10 Waihou and Ohinemuri Rivers £ s. d. £ s. d. Fencing .. .. .. .. .. 2,585 2 9 Improvement Act, 1910 .. 150,000 0 0 Clearing and destroying willows .. .. 47,459 12 0 Waihou and Ohinemuri Rivers Moving of houses .. .. .. .. 3,391 17 9 Improvement Act, 1910, and Flood-gates .. .. .. .. 36,219 8 4 Finance Act, 1919, section 6 150,000 0 0 Interior drainage .. .. .. .. 44,110 5 6 Waihou and Ohinemuri Rivers Canals .. .. .. .. .. 11,789 13 8 Improvement Act, 1910, and Bridges .. .. .. .. .. 8,438 18 5 Finance Act, 1922, section 16 150,000 0 0 Stop-bank formation .. .. .. 364,052 8 6 Waihou and Ohinemuri Rivers Surveys, engineering investigations, &c. .. 20,540 5 9 Improvement Act, 1910, and ! Gauges .. .. .. .. .. 2,003 10 0 Finance Act, 1924, section 6 150,000 0 0 Slips, groynes, and dredging at wharves .. 3,029 0 0 Waihou and Ohinemuri Rivers Wharves and goods-sheds . . . . .. 9,927 5 7 Improvement Act, 1910, and Stores and tools on hand .. .. .. 5,344 17 7 Finance Act, 1926, section 7 10,000 0 0 Buildings and accommodation .. .. 1,557 10 5 Temporary transfer from other £ s. d. accounts .. .. 10,000 0 0 Plant .. .. .. 49,028 7 0 ; — 620,000 0 0 Less depreciation charged to Liability to Consolidated Fund works .. .. ..18,185 7 0 for unrecouped expenditure— 30,843 0 0 First loan —interest .. 20,034 18 10 Pontoons .. .. .. .. .. 3,640 5 0 Second and subsequent loans— • Maintenance during construction .. .. 3,820 8 4 interest .. .. .. 72,935 11 6 Contribution towards Criterion and Ohinemuri Sinking fund .. .. 1,612 10 8 Bridges and Paeroa station-yard .. .. 11,345 17 9 Maintenance of completed works 2,229 11 4 — 96,812 12 4 613,485 6 2 Sundry creditors — Advance to Waihi Borough, Finance Act, 1923, Works, &c. .. .. 6,834 8 5 section 10 .. .. .. .. 1,997 7 9 Accrued interest .. .. 4,138 5 3 Debtors for contributions towards 10,972 13 8 interest, sinking fund, and General reserves— maintenance— £ s. d. First loan .. .. .. 3,304 0 4 Gold-mining companies .. 2,531 1 9 Second and subsequent loans .. 1,612 10 8 Gold duty .. .. .. 11,923 9 10 4,916 11 0 Consolidated Fund .. .. 1,239 17 9 — 15,694 9 4 Sundry debtors —miscellaneous .. .. 1,109 4 7 Investments, Public Debt Redemption Fund — £ s. d. First loan .. .. 3,304 0 4 Second and subsequent loans .. 1,612 10 8 4,916 11 0 Interest credited .. .. 857 7 6 5,773 18 6 Cash balance in Public Account .. .. 12,078 3 9 Income and Expenditure Account— Accumulated deficiency on interest, sinking fund, and maintenance charges to 31st March, 1928 .. .. .. .. 82,563 611 £732,701 17 0 £732,701 17 0 Ist September, 1928. H. Arthur, Acting 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 comments are appended : (1) The deficiency in contributions towards expenditure has not been met by levying a rate as required by section 17, subsection 4 (d), Waihou and Ohinemuri Rivers Improvement Act, 1910. (2) Interest on the amount held in the Public Debt Redemption Fund has been compounded, whereas there is no statutory provision therefor.- —G. F. C. Campbell, Controller and Auditor-General.

157

B.—l [FT. IV, Sup.].

WESTPORT HARBOUR ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Dredging .. .. .. .. 13,344 10 2 By Special coal rate .. .. .. .. 31,162 17 2 Protective works .. .. .. .. 11,984 18 3 Endowment revenue .. .. .. 22,287 8 10 Harbour maintenance .. .. .. 4,169 15 0 Port dues .. .. .. .. 8,496 11 9 Working-expenses of tug .. .. .. 2,569 18 10 Sale of surplus stores .. .. .. 658 4 9 Office administration .. .. .. 1,762 13 8 Interest on investments .. .. .. 3,219 5 6 Endowments—-Administration expenses .. 1,020 12 1 Hire of plant .. .. .. .. 23 0 0 Audit fees .. .. .. .. 38 3 6 Rent .. .. .. .. .. 45 10 0 Compensation for accidents .. .. 31 5 2 Miscellaneous receipts .. .. .. 16 10 1 Retiring-allowances . . .. .. 93 5 0 Superannuation subsidy .. .. .. 127 11 10 Grant to School of Mines . . .. .. 25 0 0 Depreciation .. .. .. .. 3,01710 Interest on loans .. .. .. .. 23,525 14 3 Balance carried down .. .. .. 4,198 19 4 £65,909 8 1 £65,909 8 1 £ s. d. £ s. d. To Transfer to Sinking Fund .. .. .. 4,117 12 10 By Balance brought down .. .. .. 4,198 19 4 Transfer to Harbour Maintenance Reserve .. 81 6 6 £4,198 19 4 £4,198 19 4 Balance-sheet as at 31st March, 1928. 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 .. .. 9,041 12 4 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, section 4.. 106,884 16 1 Martin's Island .. .. .. .. 700 0 0 — 518,708 6 8 Harbour buildings .. .. .. .. 4,619 0 0 Reserve Account .. .. .. .. 97,329 6 2 Dredges, tug " Mana," &c. .. ... .. 25,383 7 0 Sinking Fund Reserve .. .. .. 129,382 11 5 Stock and stores .. .. .. .. 6,901 10 3 Depreciation Reserve .. .. .. 21,107 510 Sundry debtors — £ s. d. Harbour Maintenance Reserve .. .. 15,918 15 10 Accrued interest .. .. 289 5 7 Sundry creditors — £ s. d. On open account .. .. 5,941 16 11 Payments in advance .. 469 12 7 —• 6,231 2 6 Accrued interest .. .. 3,577 14 11 Sinking Fund investments .. .. .. 129,382 11 5 On open account .. .. 647 1 6 Temporary investments .. .. .. 56,000 0 0 —— 4,694 9 0 Cash— £ s. d. In Public Account .. 1,448 14 11 With High Commissioner, London 58 16 6 1,507 11 5 £787,140 14 11 £787,140 14 11 G. C. Godfrey, Secretary. ,T. 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.—G. F. C. Campbell, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given; printing (585 copies), £240 17s. Bd.

Authority: W. A. G. Skinner, Government Printer, Wellington.—l92B.

Price 2s. 9d.]

158

This report text was automatically generated and may include errors. View the full page to see report in its original form.

Permanent link to this item

https://paperspast.natlib.govt.nz/parliamentary/AJHR1928-I.2.1.3.5

Bibliographic details

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1927-28. AUDITED ACCOUNTS., Appendix to the Journals of the House of Representatives, 1928 Session I, B-01-part05

Word Count

78,123

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1927-28. AUDITED ACCOUNTS. Appendix to the Journals of the House of Representatives, 1928 Session I, B-01-part05

Using This Item

No known copyright (New Zealand)

To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.

You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.

For further information please refer to the Copyright guide.

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1927-28. AUDITED ACCOUNTS. Appendix to the Journals of the House of Representatives, 1928 Session I, B-01-part05

Using This Item

No known copyright (New Zealand)

To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.

Permanent link to this item

Bibliographic details

Word Count

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1927-28. AUDITED ACCOUNTS. Appendix to the Journals of the House of Representatives, 1928 Session I, B-01-part05

Using This Item

No known copyright (New Zealand)

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1927-28. AUDITED ACCOUNTS. Appendix to the Journals of the House of Representatives, 1928 Session I, B-01-part05

Using This Item

No known copyright (New Zealand)

Log in or create a Papers Past website account

Log in with RealMe®

Log in again to continue your work

Log in again with RealMe®

Alert

Pages 1-20 of 158

Pages 1-20 of 158

Pages 1-20 of 158

Pages 1-20 of 158

Permanent link to this item

Bibliographic details

Word Count

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1927-28. AUDITED ACCOUNTS. Appendix to the Journals of the House of Representatives, 1928 Session I, B-01-part05

Using This Item

No known copyright (New Zealand)

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1927-28. AUDITED ACCOUNTS. Appendix to the Journals of the House of Representatives, 1928 Session I, B-01-part05

Using This Item

No known copyright (New Zealand)

Log in or create a Papers Past website account

Log in with RealMe®

Log in again to continue your work

Log in again with RealMe®

Alert