KAURI-GUM INDUSTRY (REPORT ON THE) FOR THE YEAR ENDED 31st MARCH, 1930.

Appendix to the Journals of the House of Representatives, 1930 Session I, C-12

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1930. NEW ZEALAND.

KAURI-GUM INDUSTRY (REPORT ON THE) FOR THE YEAR ENDED 31st MARCH, 1930.

Presented to both Houses of the General Assembly pursuant to Section 5 of the Kauri-gum Industry Amendment Act, 1914.

Department of Lands and Survey, Sir,— Wellington, Ist July, 1930. I have the honour to submit herewith the annual report under the Kauri-gum Industry Amendment Act, 1914, for the year ended 31st March, 1930. I have, &c, J. B. Thompson, Under-Secretary. The Hon. E. A. Ransom, Minister of Lands. As stated in. last year's report, all stocks of kauri-gum the property of the Department were placed in the hands of the Kauri-gum Control Board for disposal as provided for by the Kauri-gum Control Act, 1925. These stocks of gum consisted of accumulated purchases, chiefly made during the trying period through which the industry passed prior to the setting-up of the Control Board. They could not have been disposed of sooner without running the risk of disturbing market conditions and rendering matters even more unsatisfactory than was the case at that time. The Control Board sold the stocks as the demand sprang up, and the accumulations in the hands of private firms were worked off, thus enabling the market to absorb them without interfering with current production. All of the old stocks have been sold, delivery of portions of the last lots disposed of being taken during the current year, with the exception of one pile of poor chips which was unsaleable at the time, and which was handed over to the Control Board on consignment for treatment at its cleaning plant at Penrose. A considerable quantity of the recleaned material was sold during the year, and the balance will be disposed of by the Board as opportunity offers. The following tables give particulars of the export of kauri-gum from the Dominion for the years 1919-30, and of the quantities of gum received in Auckland from the gumfields during the past eight years : — Export or Kauri-gum. For the year ended 31st March, 1930, the export amounted to 4,941 tons, of the value of £264,452, an average price of about £53 per ton. The tonnage, value, and average price per ton of the export for the past twelve years are — Year ended Tonnage y , Average 31st March, exported. V c ' per Ton. £ £ 1919 2,338 152;299 66 1920 4,726 310,614 66 1921 6,131 524,701 85 1922 3,968 391,304 98 1923 6,080 520,409 85 1924 6,923 640,712 92 1925 5,432 446,019 82 1926 5,495 414,420 75 1927 4,529 301,335 66 1928 4,531 267,559 59 1929 4,566 241,223 53 1930 4,941 264,452 53

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Details of the yearly export, and the country to which exported, from 1919 to 1930, are given below :—

Particulars of Kauri-gum exported from New Zealand from 1919 to 31st March, 1930, inclusive.

Production during the Year. The kauri-gum received at Auckland from the gumfields for the past eight years is shown, month by month, in the following table :— Kauri-gum received in Auckland. 1922-23. 1923-24. 1924-25. 1925-26. 1926-27. 1927-28. 1928-29. 1929-30. Tons. Tons. Tons. Tons. Tons. Tons. Tons. Tons. April.. .. 543 480 439 483 338 317 295 339 May .. .. 514 613 501 330 332 277 390 246 June .. .. 654 459 344 395 362 359 ■ 331 285 July .. .. 548 352 363 399 401 230 364 349 August .. 689 522 407 326 392 241 331 317 September .. 781 450 373 403 287 323 288 323 October .. 610 490 471 299 229 385 356 534 November .. 601 612 427 486 341 500 407 441 December .. 667 576 591 410 325 284 245 268 January .. 590 506 525 365 265 278 290 371 February .. 658 475 492 396 198 307 275 412 March " ..700 537 520 541 441 411 240 563 7,546 6,072 5,453 4,833 3,911 3,912 3,812 4,628

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Country to which exported. 1st April, 1918, to 1st Apri 31st .March, 1919. 31st Ma il, 1919, to 1st Apri irch, 1920. 31st Ma il, 1920, to 1st April, 1921, to 1st Apri ■rch, 1921. 31st March, 1922. 31st Ma il, 1922, to 1st Apr: irch, 1923. 31st Ma il, 1923, to irch, 1924. ,,. I United States of America United Kingdom Germany Canada Australia Belgium France Austria-Hungary Russia Netherlands Sweden Italy Japan Hong Kong Tons. £ Tons. 1,371 81,914 2,037 346 19,977 1,650 572 45,588 1,016 49 4,820 23 Tons. 1,371 £ 81,914 Tons. 2,037 £ 157,251 Tons. 3,224 £ 345,992 Tons. I £ 2,487! 266,922 Tons. 3,742 £ 367,946 Tons. 4,197 £ 449,117 346 19,977 1,650 90,422 2,544 149,422 1,297 104,094 58 3,574 89 9,641 37 ; 7,073 1,960 70 109 84 129,082 3,363 7,462 6,679 2,409 66 118 7 170,785 2,832 7,714 787 572 49 45,588 4,820 1,016 23 61,005| 1,936J .314 49 24,481 4,802 55 5,855 90 20 1 4 4,381 1,000 170 326 38 1,582 26 7 1,647 393 4 Totals .. 2,338 152,299 4,726 2,338 152,299 4,726 310,614 6,131 524,701 3,968; 391.304 i 6,080 520,409 6,923 640,712 I Country to which exported. 1st Apr: 31st Ma il, 1924, to irch, 1925. 1st Apri 31st Ma il, 1925, to irch, 1926. 1st Apri 31st Ma il, 1926, to 1st April, 1927, to irch, 1927. 81st March, 1928. 1st Apri 31st Ma il. 1928, to ■.rch, 1929. 1st Apr: 31st Ma il, 1929, to irch, 1930. United States of America United Kingdom Germany Canada Australia Belgium France Austria-Hungary Russia Netherlands Sweden Italy . . Japan Hong Kong Denmark China South African Union Totals .. Tons. 2,624; £ 250,379 Tons. 2,682 £ 211,623 Tons. 1,863 £ 136,397 Tons. 2,087 £ 120,349 Tons. 2,337 £ 139,672 Tons. 1,967 £ 127,723 2,360 117: 97 24 169,975 6,367 5,726 2,006 2,350 107 101 9 33 135 179,868; 4,670 3,569 1,198 1,168 9,136 2,036 127 144 15 114 89 133,032 5,432 7.181 911 4,563 6,980 2,043 119 165 33 127,401 6,613 6,329 1,448 1,504 234 209 8 60 150 77,479 7,949 7,448 408 1.094 5,206 2,425 100 202 106 30 89 11.7,677 2,646 7,169 3,908 635 3,764 79; 5,121 60 3,915 53 20 55 3 1,917 820 3,546 162 46 1,809 34 46 51. 10 1,950 1,929 2,469 476 3 1 483 132 29 1 ,068 2 285 22 2 1,027 20 10 26 127 772 843 20 645 10 360 ■• 15 25 21 • • • 5,432 446,019! 5,4951 414,420 4,529 301,335 4,531 267,559 4,566: 241,223 4,941 264,452

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KAURI-GUM INDUSTRY ACCOUNT. Trading Account for the Year ended 31st March, 1930. Dr. £ s. d. Or. £ «• d. To Gum on hand, Ist April, 1929 .. .. 23,275 6 5 By Sales of gum .. .. .. ■ • 15,368 I 2 Gum on hand, 31st March, 1930 .. .. 5,15110 2 Balance to Profit and Loss Account .. .. 2,755 15 1 £23,275 6 5 £23,275 6 5 Profit and Loss Account for the Year ended 31st March, 1930. Dr. £ s. d. Or. £ s.- d. To Trading Account .. .. .. .. 2,755 15 1 By Interest on investments .. .. .. 327 19 9 Wages .. .. .. .. .. 932 4 7 Interest allowed on Sinking Fund contributions 30 13 11 Freight and cartage . . .. . . 672 3 4 Miscellaneous .. .. .. • • 419 6 Sacks and gum-cases used .. .. ~ 289 6 1 Balance, net loss for year, carried down .. 8,248 4 2 Insurance .. .. . . .. 133 17 1 Loss on disposal of buildings . . .. 58 18 4 Depreciation .. .. . . . . 37 14 8 Printing and stationery .. . . . . 4 5 0 Rent .. .. .. . . .. 500 0 0 Levy on kauri-gum sales .. .. .. 112 15 8 General expenses .. .. .. ~ 46 19 7 Interest on debentures .. .. .. 3,067 17 11 £8,611 17 4 £8,611 17 4 £ s. d. £ s. d. To Balance from previous year .. .. 53,503 010 By Adjustment on account previous year .. 29 19 11 Balance carried down .. .. .. 8,248 4 2 Transfer portion loss to Reserve Account .. 617 13 10 Balance —Accumulated loss to 31st March, 1930 61,103 11 3 £61,751 5 0 £61,751 5 0 Balance-sheet as at 31st March, 1930. Liabilities. Assets. £ s. d. Capital— £ s. d. £ s. d. : Land at face-works, buildings, &c. .. .. 4,877 4 2 Loan Account .. .. 75,000 0 0 | Vacuum tank, &c. .. .. .. .. 2,900 610 Crown Lands Account .. 500 0 0 Plant and store fittings .. .. .. 103 16 5 75,500 0 0 Tools at Auckland and depots .. .. .. 21 2 9 Consolidated Fund for interest paid on debentures 15,640 7 8 Live and dead stock .. .. .. .. 25 5 8 Interest accrued but not due .. .. .. 1,105 6 3 Office fittings and furniture .. .. .. 60 16 5 Creditors— £ s. d. Gum on hand .. .. .. .. 5,151 10 2 Sundry consignors for gum purchases 18 5 2 Sacks and gum-cases on hand .. .. .. 70 1 4 Orders issued to sundry consignors 30 12 0 Advances on gum .. .. .. .. 27 11 11 Interest due and unpaid on debentures 152 15 1. Debtors— £ s. d. 201 12 3 Kauri Peat Oils .. .. .. 52 6 8 Writings-off in suspense .. .. 6,167 7 2 Kauri-gum Control Board .. 343 2 5 Interest due and unpaid on investments .. .. .. 159 16 5 Sundry .. .. .. 11 16 0 567 1 6 Insurance premium paid in advance .. .. 18 15 1 Investment in Public Debt Redemption Fund .. 798 1 1 Losses in Suspense Account .. .. .. 6,167 7 2 Profit and Loss Account .. ' .. .. 61,103 11 3 Cash in Public Account .. .. .. 16,722 1 7 £98,614 13 4 £98,614 13 4 Receipts and Payments Account for the Year ended 31 st March, 1930. Receipts. £ s. d. Payments. £ s. d. To Cash in Public Account, Ist April, 1929 .. 3,335 11 7 By Freight and cartage .. .. .. 662 10 2 Sales of gum .. .. .. .. 15,463 10 0 Wages .. .. .. .. .. 930 010 Sale of buildings .. .. .. .. 60 0 0 General expenses .. .. .. .. 51 4 7 Interest on investments .. .. .. 168 3 4 Sacks .. .. .. .. .. 78 5 4 Sundries .. .. .. .. .. 37 15 6 Rent . . .. .. .. .. 375 0 0 Insurance .. .. .. .. 80 17 11 Refund of amount erroneously credited .. 165 0 0 Cash in Public Account at 3lst March, 1930 ..16,722 1 7 £19,065 0 5 £19,065 0 5 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement 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 certificate of the Secretary has been accepted for the stocks of " gum on hand " ; (2) no depreciation has been charged on the asset, "vacuum tank, &c, £2,900 6s. lOd." —G. F. C. Campbell, Controller and Auditor-General.

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