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, 1931. PREPARED IN ACCORDANCE WITH THE 98TH SECTION OF THE POST AND TELEGRAPH ACT, 1928.

Appendix to the Journals of the House of Representatives, 1931 Session I-II, F-02

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1931. 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, 1931. 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. 1931.

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POST AND TELEGRAPH DEPARTMENT. POSTAL BRANCH. Profit and Loss Account for the Year ended 31st March, 1931. Dr £ s. d. Or. £ s. d. To Working-expenses 1,340,534 7 7 By Postages 1,213,875 17 11 Depreciation (6) 29,057 3 8 Rents received 9,442 9 5 Profit before charging interest on capital, Private box and bag rents .. .. 31,728 1 7 carried down .. .. .. .. 83,120 17 4 Rural-delivery fees .. .. .. 19,227 4 3 Money-order and postal-note commission .. 64,722 17 7 Miscellaneous revenue .. .. .. 113,715 17 10 £1,452,712 8 7 £1,452,712 8 7 £ s. d. £ s. d. To Interest on capital (a) .. .. .. 61,805 18 1 By Profit brought down .. .. .. 83,120 17 4 Profit on year's working transferred to General Profit and Loss Account 21,314 19 3 £83,120 17 4 £83,120 17 4 TELEGRAPH BRANCH. Profit and Loss Account for the Year ended 31st March, 1931. Dr £ s. d. Or. £ s. d. To Working-expenses (c) 450,836 11 6 By Revenue « 5 Depreciation (b) 37,012 13 6 Miscellaneous 34,399 6 4 Rents received .. .. .. ■• 9 A Loss before charging interest on capital, carried down .. .. .. •• 86,461 3 0 £487,849 5 0 £487,849 5 0 £ s. d. £ s - d - To Loss brought down .. .. .. 86,461 3 0 By Loss on year's working transferred to General Interest on capital (a) 28,842 17 1 Profit and Loss Account .. .. 115,304 0 1 £115,304 0 1 £115,304 0 1 TOLL BRANCH. Profit and Loss Account for the Year ended 31st March, 1931. Dr £ s. d. Or. £ s. d. To Working-expenses (c) 217,011 2 1 By Revenue 466,994 16 7 Depreciation (6) .. .. •• 95,711 1 7 Rents received .. .. .. •• 2,db4 17 7 Profit before charging interest on capital, Miscellaneous .. .. .. .. 10,449 7 I carried down .. .. .. .. 167,086 18 1 £479,809 1 9 £479,809 1 9 £ s. d. £ s. d. To Interest on capital (a) 74,584 14 10 By Profit brought down 167,086 18 1 Profit on vear's working transferred to General Profit and Loss Account .. .. 92,502 3 3 £167,086 18 1 £167,086 18 J. TELEPHONE BRANCH.. Profit and Loss Account for the Year ended 31st March, 1931. Dr £ s. d. Or. £ s. d. To Working-expenses (c) 494,716 1110 By Telephone revenue 1,234,457 11 6 Depreciation (6) .. .. .. 470,668 710 Rents received .. .. .. .. 3,615 b 1 Profit before charging interest on capital, Miscellaneous .. .. .. .. 51,358 4 0 carried down .. .. .. .. 324,046 111 £1,289,431 1 7 £1,289,431 1 7 £ s. d. £ s - d. To Interest on capital (a) 305,595 17 6 By Profit brought down 324,046 111 Profit on year's working transferred to General Profit and Loss Account .. .. 18,450 4 5 £324,046 1 II £324,046 1 11

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POST AND TELEGRAPH DEPARTMENT—continued. WIRELESS BRANCH. Profit and Loss Account foe the Year ended 31st March, 1931. Dr. £ s. d. Or. £ s. d. To Working-expenses .. .. .. 8,318 12 3 By Revenue on wireless traffic .. .. 7,071 7 2 Depreciation (b) .. .. .. 4,224 8 0 Loss before charging interest on capital, carried down .. .. .. .. 5,471 13 1 £12,543 0 3 £12,543 0 3 £ s. d. £ s. d. To Loss brought down .. .. .. 5,471 13 1 By Loss on year's working transferred to General Interest on capital (a) .. .. .. 3,399 3 5 Profit and Loss Account .. .. 8,870 16 6 £8,870 16 6 £8,870 16 6 SERVICE GARAGE. Profit and Loss Account for the Year ended 31st March, 1931. Dr. £ s. d. Or. £ s. d. To Working-expenses .. .. .. 54,468 7 5 By Revenue .. .. .. .. 73,213 19 2 Depreciation (b) .. .. .. 10,027 3 1 Profit before charging interest on capital, carried down .. ~ .. .. 8,718 8 8 £73,213 19 2 £73,213 19 2 £ s. d. £ s. d. To Interest on capital (a) .. .. .. 5,194 12 10 By Profit brought down .. .. .. 8,718 8 8 Profit on year's working transferred to General Profit and Loss Account .. .. 3,523 15 10 £8,718 8 8 £8,718 8 8 GENERAL PROEIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 1931. Dr. £ s. d. Or. £ s. d. To Telegraph Branch, loss .. .. .. 115,304 0 1 By Postal Branch, profit .. .. .. 21,314 19 3 Wireless Branch, loss .. .. .. 8,870 16 6 Toll Branch, profit .. .. .. 92,502 3 3 Net profit .. .. .. .. 11,616 6 2 Telephone Branch, profit.. .. .. 18,450 4 5 Garages, profit .. .. .. .. 3,523 15 10 £135,791 2 9 £135,791 2 9 GENERAL PROEIT AND LOSS APPROPRIATION ACCOUNT, 1930-31. Dr. £ s. d. Or. £ s. d. To claims for previous years written off .. 7,329 0 2 By Balance forward .. .. .. 45,276 17 7 Balance .. .. 49,564 3 7 General Profit and Loss Account .. .. 11,616 6 2 £56,893 3 9 £56,893 3 9

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POST AND TELEGRAPH DEPARTMENT— continued. Balance-sheet as at 31st March, 1931. Receipts and Expenditure on Capital Account.

General Balance-sheet. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry creditors— Capital Account balance .. .. .. .. .. .. •■ 1,617,061 19 10 Money-order payees for unpaid money-orders .. ~ 66,216 16 2 Stock at stores, District Telegraph Engineers' and workshops, and in transit .. 529,522 8 2 Other administrations, on money - order, postal, and cable Sundry debtors— £ s. d. accounts .. .. .. .. .. .. 123, 530 107 Other administrations on money-order account .. .. 29,960 5 4 Postal-note payees for unpaid postal notes .. .. .. 73,013 7 0 Government Departments .. .. .. .. 33,235 7 2 Sundry other creditors .. .. .. .. .. 313,287 19 1 Sundry other debtors .. .. .. .. .. 42,275 0 4 Other Government Departments .. .. .. .. 261,514 10 3 105,470 12 10 837,563 3 1 Post Office Investment Certificate Account—lnvestments held in Government loans 2,050,300 0 0 Assets written off Eeserve Accounts .. .. .. .. •■ 5,129 0 ,7 £ s. d. War Loan Certificate Account .. .. .. .. ■• •• 17,526 7 11 Postmasters' balances .. .. .. .. .. 1,398,125 3 7 Post Office Investment Certificate Account .. .. .. .. .. 2,102,491 16 8 Less Savings-bank funds held in balances .. .. .. 127,155 16 9 Money-order Settlement Account .. .. .. •• .. •• 3,118 9 7 - Imperial stamps and postal orders .. .. .. .. .. •• 437 3 6 1,270,969 6 10 Postmasters— For advance to Postmasters of stamps, postal notes, British postal Head Office Account, including cash in bank .. .. .. 649,524 12 7 orders, Post Office investment certificates, and other documents of value, 1,920,493 19 5 including stocks held in the General Post Office .. .. .. .. 1,556,352 18 6 Assets written off Suspense Account .. .. .. .. .. 5,129 0 7 Depreciation Reserve (including maintenance and renewals, equalization reserve, Post Office investments under section 100 of the Post and Telegraph Act, 1928 .. 1,665,410 0 0 telegraph, toll, and telephone systems) .. .. .. .. .. 3,452,172 13 11 Investment (Radio Broadcasting Co. of New Zealand, Ltd.) .. .. .. 15,000 0 0 Eire Insurance Reserve .. .. .. .. .. .. • ■ 25,000 0 0 Interest accrued on investments .. .. .. .. .. • • 22,939 5 6 Profit and Loss Appropriation Account .. .. .. .. •• 49,564 3 7 Loan-conversion Expenses Account . . .. .. ..: .. .. : 97,616 4 0 Earthquake Expenditure Suspense .. .. .. .. .. .. 20,412 7 0 £8,049,355 17 4 £8,049,355 17 4 Notes, —(a) Interest at £4 6s. per cent, on capital as at Ist April, 1930, and £2 3s. per cent, on accretions for the year. (6) Depreciation has been allowed for on balance of assets as at Ist April, 1930, the total charge being carried to Depreciation Reserve. (c) Maintenance equalized by transfer through Equalization Reserve. (d) Includes assets of an estimated total value of !not less than £175,000, which were destroyed in the Hawke's Bay earthquake. The loss when ascertained will be temporarily capitalized and written off over a period of years. A. Marshall, A.E.A.N.Z., Controller of Accounts. G. NcNamara, 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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As at 31st March, Amount debited As at 31st March, Cr Capital as at 1st Amount received Capital as at 31st Dr. 1930 . | during Year. 1931. 0r - April, 1930. Year 1930-31. March, 1931. To Expenditure— £ s. d. £ s. d. £ s. d. £ s, d. £ s. d. £ s. d Telegraph and toll systems, including 2,268,734 16 4 99,317 0 4 2,368,05116 8 By Receipts— Public Works Fund .. 11,621,61110 10 580,489 9 3 12,202,101 0 1 works in progress(d) Telephone-exchange systems., inelud- 7,898,096 11 1 413,869 0 4 8,311,965 11 5 ing works in progress(d) Wireless systems .. .. 61,593 7 5 3,035 5 1 64,628 12 6 Buildings and sites(d) .. .. 2,473,664 18 1 142,142 4 7 2,615,807 2 8 Plant and workshops(rf) .. .. 27,735 15 6 2,476 9 4 30,212 4 10 — — Motdr-garages, &o.(d) .. .. 239,727 4 5 9,583 12 1 249,310 16 6 11,621,61110 10 580,489 9 3 12,202,101 0 1 Furniture and flttings(<7) .. .. 179,970 4 8 Cr. 783 9 4 179,186 15 4 Balance carried to General Balance- .. .. 1,617,061 19 10 sheet 13,149,522 17 6 669,640 2 5 13,819,162 19 11 | 13,819,162 19 11

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POST AND TELEGRAPH DEPARTMENT— continued. SAVINGS-BANK BRANCH. Profit and Loss Account foe the Year ended 31st March, 1931. £ s. d. £ s. d. £ s. d. To Interest credited to depositors'accounts .. 1,761,288 10 9 By Interest received .. 1,956,795 14 9 Management expenses .. .. .. 123,483 9 1 Plus interest accrued to Balance carried to Appropriation Account.. 51,343 7 1 31st March, 1931 .. 554,13119 0 2,510,927 13 9 Less interest accrued on 31st March, 1930 .. 581,505 110 1,929,422 11 11 Sundry receipts .. .. .. 6,692 15 0 £1,936,115 6 11 £1,936,115 6 11 Appropriation Account. £ s. d. £ s. d. To Savings-bank profits paid to Consolidated Eund 80,000 0 0 By Balance brought forward .. .. .. 35,793 18 9 Balance carried forward .. .. .. 7,137 510 Profit and Loss Account .. .. .. 51,343 7 1 £87,137 5 10 £87,137 5 10 BALANCE-SHEET OF THE NEW ZEALAND POST OFFICE SAVINGS-BANK AS AT THE 31st MARCH, 1931. Liabilities. £ s. d. Assets. £ s. d. Balances at credit of depositors'accounts .. 47,668,547 1 1 Cash on hand and at bank .. .. 127,155 16 9 Letters of credit and other liabilities .. 22,335 10 11 Investments .. .. .. .. 48,014,811 16 9 Reserve Fund .. .. .. .. 1,000,000 0 0 Sundry debtors .. .. .. .. 1,920 5 4 Profit and Loss Appropriation Account .. 7,137 510 Interest accrued on investments .. .. 554,131 19 0 £48,698,019 17 10 £48,698,019 17 10 A. Marshall, A.E.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. — G. P. C. Campbell, Controller and Auditor-General.

Approximate Cost of Paper. —Preparation, not given ; printing (475 copies), £6 16s.

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