BALANCE-SHEET AND PROFIT AND LOSS ACCOUNTS OF THE POST OFFICE AND BALANCE-SHEET AND PROFIT AND LOSS ACCOUNT OF THE POST OFFICE SAVINGS-BANK FOR THE YEAR ENDED ON THE 31st MARCH, 1930. PREPARED IN ACCORDANCE WITH THE 98TH SECTION OF THE POST AND TELEGRAPH ACT, 1928.

Appendix to the Journals of the House of Representatives, 1930 Session I, F-02

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1930. NEW ZEALAND.

BALANCE-SHEET AND PROFIT AND LOSS ACCOUNTS OF THE POST OFFICE AND BALANCE-SHEET AND PROFIT AND LOSS ACCOUNT OF THE POST OFFICE SAVINGS-BANK FOR THE YEAR ENDED ON THE 31st MARCH, 1930. PREPARED IN ACCORDANCE WITH THE 98TH SECTION OF THE POST AND TELEGRAPH ACT, 1928.

WELLINGTON, N.Z. BY AUTHORITY: W. A. G. SKINNER, GOVERNMENT PRINTER. 1930.

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POST AND TELEGRAPH DEPARTMENT. POSTAL BRANCH. Profit and Loss Account for the Year ended 31st March, 1930. Dr. £ s. d. Or. £ s. d. To Working-expenses .. .. .. 1,321,015 7 5 By Postages .. .. .. .. 1,174,677 1 5 Depreciation (6) .. .. .. 27,798 12 9 Rents received .. .. .. 8,772 19 10 Profit before charging interest on capital Private box and bag rents .. .. 31,285 14 5 carried down .. .. .. 52,419 16 5 j Rural delivery fees .. .. .. 17,865 511 - Money-order and postal-note commission .. 52,749 10 3 Miscellaneous revenue .. .. .. 115,883 4 9 £1,401,233 16 7 £1,401,233 16 7 £ s. d. , £ s. d. To Interest on capital (a) .. .. .. 56,886 53| By Profit brought down .. .. .. 52,419 16 5 Loss on year's working transferred to General Profit and Loss Account.. .. .. 4,466 810 £56,886 5 3 : £56,886 5 3 TELEGRAPH BRANCH. Profit and Loss Account for the Year ended 31st March, 1930. m tt7 Dr. £ 8 . d . Qr. £ s. d. To Working-expenses (c) .. .. .. 502,028 12 7 Bv Revenue .. .. .. .. 389,274 12 6 Depreciation (6) .. .. .. 36,786 9 3 "Miscellaneous .. .. .. 43,739 8 5 Rent received .. .. .. .. 1,128 7 4 Loss before charging interest on capital carried down .. .. .. .. 104,672 13 7 £538,815 1 10 £538,815 1 10 £ s. d. £ s. d. To Loss brought down ... .. .. 104,672 13 7 By Loss on year's working transferred to General Interest on capital (a) .. .. .. 29,310 13 2 Profit and Loss Account .. .. 133,983 6 9 £133,983 6 9 £133,983 6 9 TOLL BRANCH. Profit and Loss Account for the Year ended 31st March, 1930. Dr. £ s. d. Gr. £ s. d. To Working-expenses (c) .. .. .. 196,548 1 6 By Revenue .. .. .. .. 482,570 17 2 Depreciation (b) .. .. .. 88,627 12 9 " Rents received .. .. .. .. 2,599 13 2 Profit before charging interest on capital Miscellaneous .. .. .. .. 7,555 13 10 carried down .. .. .. .. 207,550 9 11 £492,726 4 2 £492,726 4 2 £ s. d. £ s. d. To Interest, on capital (a) .. .. .. 70,616 11 8 By Profit brought down .. .. .. 207,550 911 Profit on year's working transferred to General Profit and Loss Account .. 136,933 18 3 £207,550 9 11 £207,550 9 11 TELEPHONE BRANCH. Proftt and Loss Account for the Year ended 31st March, 1930. Dr. £ s. d. Cr. £ g. d. To Working-expenses (c) .. .. .. 468,839 1 7 By Telephone revenue .. .. .. 1,185,240 13 3 Depreciation (b) .. .. .. 444,722 13 1 " Rents received .. .. .. 3,317 19 4 Profit before charging interest on capital Miscellaneous.. .. .. .. 26,948 11 5 carried down .. .. .. 301,945 9 4 £1,215,507 4 0 £1,215,507 4 0 £ s. d. £ s. d. To Interest on capital (a) .. .. .. 285,901 6 4 By Profit brought down .. .. .. 301,945 9 4 Profit on year's working transferred to General Profit and Loss Account .. 16,044 3 0 £301,945 9 4 £301,945 9 4

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POST AND TELEGRAPH DEPARTMENT— continued. WIRELESS BRANCH. Profit and Loss Account for the Year ended 31st March, 1930. Dr. £ s. d. | Or. £ s. d. To Working-expenses .. .. .. 8,521 7 5 !By Revenue on wireless traffic .. .. 9,728 18 9 Depreciation (b) .. .. .. .. 3,629 7 8 I Loss before charging interest on capital carried down .. .. .. .. 2,421 16 4 £12,150 15 1 £12,150 15 1 £ s. d. £ s. d. To Loss brought down .. .. .. 2,421 16 4 ; By Loss on year's working transferred to General Interest on capital (a) .. .. .. 3,011 611 Profit and Loss Account.. .. .. 5,433 3 3 £5,433 3 3 £5,433 3 3 SERVICE GARAGE. Profit and Loss Account for the Year ended 31st March, 1930. Dr. £ a. d. Or. ' £ s. d. To Working-expenses .. .. .. 59,898,11 7 Bv Revenue .. .. .. .. 83,934 10 1 Depreciation (A) .. .. .. .. 11,634 2 10 Profit before charging interest carried down.. 12,401 15 8 £83,934 10 1 £83,934 10 1 £ s. d. £ s. d. To Interest on capital (a) .. .. .. 4,802 0 9 By Profit brought down .. .. .. 12,40115 8 Profit on year's working transferred to General Profit and Loss Account.. .. .. 7,599 14 11 £12,401 15 8 £12,401 15 8 GENERAL PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 1930. Dr. £ s. d. I Cr. £ s. d. To Postal Branch loss .. .. .. 4,466 810! By Telephone Branch profit .. .. .. 16,044 3 0 Telegraph Branch loss .. .. .. 133,983 6 9 Toll Branch profit .. .. .. 136,933 18 3 Wireless Branch loss .. .. .. 5,433 3 3 Garages .. .. .. .. 7,599 14 11 Net profit .. .. .. .. 16,694 17 4 £160,577 16 2 j £160,577 16 2 GENERAL PROFIT AND LOSS APPROPRIATION ACCOUNT, 1929-30. Dr. £ s. d. j Cr. £ s. d. To Balance .. .. .. .. 45,276 17 7 By Balance forward .. .. .. .. 28,582 0 3 General Profit and Loss Account .. .. 16,694 17 4 £45,276 17 7 £45,276 17 7

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POST AND TELEGRAPH DEPARTMENT. Balance-sheet as at 31st March, 1930.

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Receipts and Expenditure on Capital Account. r . i As at 31st March, Amount debited As at 3lst March, i Cr ! Capital as at 1st Amount received Capital as at 31st Ur - ; 1929. during Year. 1930. * April, 1929. Year 1929-30. March, 1930. - To Expenditure on — £ s. d. £ s. d. £ s. d. j By Receipts — £ s. d. £ s. d. j £ s. d. Telegraph and toll systems, including 2,155,200 19 10 113,533 16 6 2,268,734 16 4 ! Public Works Fund .. .. 10,845,372 13 10 776,238 17 0 11,621,611 10 10 works in progress Telephone-exchange systems, includ- 7,409,928 10 10 488,168 0 3 7,898,096 11 1 ing works in progress Wireless systems .. .. .. 53,638 2 6 7,955 4 11 61,593 7 5 Buildings and sites .. .. 2,354,885 14 8 118,779 3" 5 2,473,664 18 1 Plant and workshops .. .. 23,812 7 3 3,923 8 3 27,735 15 6 Motor-garages, &c. .. .. 225,609 11 7 14,117 12 10 239,727 4 5 ; Furniture and fittings .. .. 170,035 9 7 9,934 15 1 179,970 4 8 10,845,372 13 10 776,238 17 0 11,621,611 10 10 Balance carried to General Balance- .. .. 1,527,911 6 8 sheet 12,393,110 16 3 756,412 1 3 13,149,522 17 6 13,149,522 17 6 I 1 1 _l General Balance-sheet. Liabilities. Assets. £ s. d. Sundry creditors — £ s. d. £ s. d. Capital Account balance .. .. .. .. .. .. .. 1,527,911 6 8 Money-order payees for unpaid money-orders .. .. 84,596 16 4 Stock at stores, District Telegraph Engineers and workshops, and in transit .. 517,803 4 5 Other administrations, on money - order, postal, and cable Sundry debtors — £ s. d. accounts .. .. .. .. .. .. 219,879 15 4 Other administrations, on money-order account .. .. 15,765 4 5 Postal-note payees, for unpaid postal notes .. .. 77,156 16 6 Government Departments .. .. .. .. 70,361 19 6 Sundry other creditors .. .. .. .. .. 373,698 0 11 Sundry other debtors .. .. .. .. .. 52,709 1 3 Other Government Departments .. .. .. .. 219,092 3 3 138,836 5 2 974,123 12 4 War Loan Certificate Account — Assets written off Reserve Account .. .. .. .. .. .. 8,838 1 2 Investments held in Government loans .. .. .. .. .. 56,700 0 0 War Loan Certificate Account .. .. .. .. .. .. 65,918 0 5 Post Office Investment Certificate Account — Post Office Investment Certificate Account .. .. .. .. .. 1,658,449 16 4 Investments held in Government loans .. .. .. .. .. 1,633,150 0 0 Money-order Settlement Account .. .. .. .. .. .. 4,108 0 2 £ s. d. Imperial stamps and postal orders .. .. .. .. .. .. 331 9 6 Postmasters' balances .. .. .. .. .. 1,409,259 9 2 Postmasters —For advance to Postmasters of stamps, postal notes, British postal Less Savings-bank funds held in balances .. .. .. 149,167 7 4 orders, Post Office investment certificates, and other documents of value, including stocks held in the General Post Office .. .. .. .. 1,402.224 6 5 1,260,092 1 10 Depreciation Reserve (including maintenance and renewals, equalization reserve, Head Office Account, including cash in bank .. .. .. 620,010 1 9 telegraph, toll, and telephone systems) .. .. .. .. .. 2,941,590 13 11 1,880,102 3 7 Fire Insurance Reserve .. .. .. .. .. .. .. 15,000 0 0 Assets written off Suspense Account .. .. .. .. .. 8,838 1 2 Profit and Loss Appropriation Account .. .. .. .. .. 45,276 17 7 Post Office investments under section 100 of the Post and Telegraph Act, 1928 .. 1,215,410 0 0 Investment (Radio Broadcasting Co. of N.Z., Ltd.) .. .. .. .. 15,000 0 0 Interest accrued on investments .. .. .. .. .. .. 12,819 8 10 Loan-conversion Expenses Account .. .. .. .. .. .. 109,590 8 0 £7,116,160 17 10 £7,116,160 17 10 Notes.— (a) Interest at £4 6s. per cent, on capital as at 1st April, 1929, and £2 3s. per cent, on accretions for the year, (b) Depreciation has been allowed for on balance of assets as at 1st April. 1929, the total charge being carried to Depreciation Reserve, (e) Maintenance equalized by transfer through Equalization Reserve. A. Marshall, A.P.A.N.Z., Controller of Accounts. G. McNamara, Secretary, General Post Office. I hereby certify that the 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.

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SAVINGS-BANK BRANCH. Profit and Loss Account for the Year ended 31st March, 1930. Dr. £ s. d. Cr. £ s. d. £ s. d. To Interest credited to depositors'accounts .. 1,806,414 0 1 By Interest received .. 1,979,008 3 4 Management expenses .. .. .. 119,314 18 1 Plus interest accrued to Balance carried to Appropriation Account 79,136 17 8 31st March, 1930 .. 581,505 110 2,560,513 5 2 Less interest accrued on 31st March, 1929 .. 558,698 14 2 — — 2,001,814 11 0 Sundry receipts .. .. .. 3,051 4 10 £2,004,865 15 10 £2,004,865 15 10 Appropriation Account. Dr £ s. d. Or. £ s. d. To Savings-bank profits paid to Consolidated Fund 85,000 0 0 By Balance brought forward .. .. .. 41,657 1 1 Balance carried forward .. .. .. 35,793 18 9 ' Profit and Loss Account .. .. .. 79,136 17 8 £120,793 18 9 £120,793 18 9 BALANCE-SHEET OP THE NEW ZEALAND POST OFFICE SAVINGS-BANK AS AT THE 31st MARCH, 1930. Liabilities. £ s. d. Assets. £ s. d. Balance at credit of depositors'accounts .. 49,436,491 8 7 Cash on hand and at bank .. .. 149,167 7 4 Letters of Credit, and other liabilities .. 36,229 2 5 Investments .. .. .. .. 49,777,842 0 7 Reserve Fund .. .. .. .. 1,000,000 0 0 Interest accrued on investments .. .. 581,505 110 Profit and Loss Appropriation Account .. 35,793 18 9 £50,508,514 9 9 £50,508,514 9 9 A. Marshall, A.P.A.N.Z., Controller of Accounts. G. McNamara, 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.— 6. F. 0. Campbell, Controller and Auditor-General.

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