Papers Past | Parliamentary Papers | Appendix to the Journals of the House of Representatives | 1934 Session I | BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF...

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B. —1 [Pt. IV].

1934. NEW ZEALAND.

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1933-34. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.)

I—B. 1 [Pt. IV],

B. —1 [Pt. IV].

CONTENTS-

PAGE Agriculture Department— Departmental .. .. .. .. 3 Ruakura Farm of Instruction.. .. .. 7 Moumahaki Endowment Account .. . . 11 Orchard-tax, 1927, Deposit Account .. .. 12 Weraroa Agricultural Endowment Account .. 14 Audit Department .. .. .. .. 16 Bank of New Zealand Shares Account .. .. 16 British Phosphate Commissioners .. .. 15 Cheviot Estate Account .. .. .. 67 Cook Islands Department . . .. . . 17 Crown Law Office .. .. . . 18 Customs Department .. .. .. .. 19 Defence Department .. .. .. 20 Discharged Soldiers Settlement Account .. .. 25 Electoral Department .. .. .. .'. 29 Electric Supply Account .. . . . . 30 General Purposes Relief . . .. 41 Government Fire Insurance Fund .. . . 154 Government Life Insurance Department .. .. 42 Government Stores Marine Insurance Fund . . 43 Greymouth Harbour Board —Special Coal Rate .. 43 Hauraki Plains Settlement Scheme .. .. 44 Hutt Valley Lands Settlement Account .. . . 67 Immigration Department .. .. 45 Industries and Commerce, Tourist and Publicity Department .. .. .. 46 Internal Affairs Department .. . . 53 Justice Department .. .. .. 56 Kauri-gum Industry Account .. .. .. 65 Labour Department .. .. .. .. 65 Land and Deeds Department .. .. .. 66 Land for Settlements Account .. .. .. 67 Lands and Survey Department— Auckland Museum Endowment Account .. 71 Bluff Harbour Endowment Account .. . . 71 Clutha River Trust Account .. .. . . 72 Geraldine County River District Account . . 73 Gore High School Endowment Account . . 73 Greymouth Technical and Hokitika High Schools Account . . .. .. .. 74 Hunter Soldiers' Assistance Trust Deposit Account .. .. . . .. .. 74 New Zealand University Endowment (Westland) Account .. .. .. . . 75 North Island Experimental Dairy School Account .. .. .. .. 76 Otago Boys' and Girls' High Schools Endowment Account .. .. .. .. 77 Otago University Endowment Account .. 77 Primary Education Endowment Deposit Account 78 Secondary Education Endowment Deposit Account .. .. .. . . .. 155 Taranaki Scholarship Endowment Account .. 80 Victoria College Endowment Account . . .. 80 Waipiata - Hamiltons Library Endowment Account .. .. .. .. 81 Wairoa Harbour Endowment Account .. 82

PAGE Lands and Survey Department—continued. Wanganui Harbour Endowment Account .. 82 Wanganui River Trust Account .. .. 83 Main Highways Account .. .. .. 84 Marine Department .. .. .. .. 88 Mines Department .. .. .. 92 Mining Advances Account . . .. .. 93 Miscellaneous Advances from Consolidated Fund Account .. .. .. .. .. 156 National Endowment Account .. .. .. 94 National Provident Fund .. .. .. 95 National Provident Fund and Friendly Societies Department .. .. .. 96 Native Department .. .. .. .. 97 Nauru and Ocean Islands Account .. . . 15 Naval Defence .. .. .. .. 157 New Zealand Broadcasting Board .. .. 158 Pensions Department .. .. .. 99 Post and Telegraph Department .. .. 101 Prime Minister's Department .. .. 104 Printing and Stationery Department .. .. 105 Prisons Department .. .. .. 56 Public Debt Redemption Fund .. .. 107 Public Service Commissioner's Office .. .. 108 Public Service Superannuation Fund .. .. 108 Public Trust Office .. .. .. 110 Railways Department .. .. .. 146 Railways Superannuation Fund .. . . 112 Rangitaiki Land Drainage Scheme .. .. 115 Reserve Fund Account .. .. 159 Samoan Loan Sinking Fund .. .. ..116 Samoan Loan Suspense Account .. .. 116 Scenic Reserves Account .. .. 117 Scientific and Industrial Research Department .. 160 Stamp Duties Department .. .. ..118 State Advances Office — Settlers Branch .. .. .. ..119 Rural Advances Branch .. .. 121 Workers Branch .. .. .. .. 122 Local Authorities Branch .. .. .. 123 Public Debt Sinking Funds Branch .. .. 124 Advances Office Sinking Fund Account .. 125 Housing Account .. .. .. 126 Loans to Employers for Workers' Dwellings Account .. .. .. .. .. 127 Fruit-preserving Industry Advances Account .. 128 Cold Storage Advances Account .. .. 129 Fishing Industry Promotion Account .. .. 130 Repatriation .. .. .. 131 State Coal-mines .. .. 1 .. 132 State Fire Insurance Office .. .. 137 State Fire Insurance Office—Accident Branch .. 138 Swamp Land Drainage Schemes .. .. 139 Teachers' Superannuation Fund .. .. 141 Transport Department .. .. 143 Treasury Department .. .. .. 144 Westport Harbour Account .. .. 145

THE FOLLOWING ACCOUNTS WERE NOT AVAILABLE FOR PRINTING IN THIS PUBLICATION AND WILL BE INCLUDED IN A SUPPLEMENT.

Administration of Western Samoa. External Affairs Department. Education Department. Health Department. Land and Income Tax Department. Lands and Survey Department— Crown Lands. Departmental. Legislative Department. Maori Arts and Crafts Board. Maori Ethnological Research Board. Maori Purposes Fund. Native Department —District Maori Land Boards.

Native Land Development Schemes. Native Trust Office. New Zealand Reparation Estates. Police Department. Public Works Department— Departmental. Ellesmere and Forsyth and Akaroa Railway Trust Account. State Balance-sheet. State Forests Account. Unemployment Board. Valuation Department. Waihou and Ohinemuri Rivers Improvement Account.

DEPARTMENT OF AGRICULTURE. Balance-sheet as at 31st March, 1934.

B. —1 [Ft. IV].

I hereby certify that the Revenue Account, Working Accounts, 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, and to the comment that no charge for the cost of exchange on payments made in London is included in the account.— G-. F. C. Campbell, Controller and Auditor-General.

" ~ • - I I I I "^ arms Rabbit-destruction, j ,, j tine station Poisons, and Ruakura Farm of j HortXural Other than" Special" Total PoXyltatton, P %° e n ;Si Xing , H °S Undertakings. Totel - j and Cattle-dip. p Liabilities. j £ g. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Capital, 31st March, 1934 (includes Public Works Fund capital, £181,953 6s.) .. .. 16,387 8 2 3,481 10 5 74,997 17 11 25,155 2 10 131,081 15 6 251,103 14 10 Sundry creditors — General .. .. .. .. .. .. .. .. .. 84 12 7 3 5 2 239 5 1 121 11 6 23,563 17 6 24,012 11 10 Departmental.. .. ... .. .. .. .. .. .. 65 10 8 6 19 5 89 9 4 46 14 5 19,972 6 2 20,181 0 0 Depreciation Reserves .. .. .. .. .. .. .. .. 4,978 9 7 1,515 19 8 12,047 4 9 4,312 4 9 56,256 19 5 79,110 18 2 Amounts received in advance .. .. .. .. .. .. .. .. 2 0 0 450 0 0 .. 4,902 5 4 5,354 5 4 Writing-off Reserve .. .. .. .. .. .. .. .. .. .. .. .. 954 18 3 954 18 3 Treasury Adjustment Account .. .. .. .. .. .. .. .. .. .. .. 547 791 g 9 547 791 g 9 Profit and Loss Account .. .. .. .. .. .. .. .. .. 651 18 8 .. .. ' '651 18 8 21,516 1 0 j 5,661 13 4 87,823 17 1 29,635 13 6 784,523 8 11 929,160 13 10 Assets. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Land •• •• •• •• •• •• •• •• 2,352 4 6 300 0 0 35,926 2 0 113 10 0 24,531 4 3 63,223 0 9 Permanent improvements.. .. .. .. .. .. .. .. 9,920 1 1 2.400 0 0 21,748 17 6 7,802 3 11 32,064 11 11 73,935 14 5 Furniture, fittings, and fixtures .. .. .. .. .. .. .. 29 9 11 11 5 3 1,316 10 4 74 13 2 15,001 12 4 16,433 11 0 Libraries .. .. .. .. .. .. .. .. .. 0 2 0 .. 64 10 6 20 7 1 7,863 12 3 7,948 11 10 Technical instruments and equipment .. .. .. .. .. .. 18 10 7 .. .. 60 0 11 13,440 7 2 13,518 18 8 Mechanical office appliances .. .. .. .. .. .. .. .. .. .. 15 15 0 3,067 7 11 3,083 2 11 Implements and tools .. .. .. .. .. .. .. .. 1,994 16 11 82 8 2 3,237 16 3 3,223 17 9 4,515 15 9 13.054 14 10 Transport .. .. .. .. .. .. .. .. .. 222 16 10 .. I 267 4 0 .. 18,161 4 2 18,651 5 0 Sundry advances .. .. .. .. .. .. .. .. .. .. ; .. # # 3 703 52 3 763 5 2 Live-stock .. .. .. .. .. .. .. .. .. 1,094 14 0 .. 6,475 4 0 136 15 0 '290 5 0 18 0 Farm crops and stores .. .. .. .. .. .. .. .. 754 12 4 687 17 0 5,965 3 4 13,708 0 0 8,382 9 7 29.498 2 3 Stock on consignment .. .. .. .. .. .. .. .. .. .. 59 6 8 .. .. 59 6 8 Sundry debtors — General .. .. .. .. .. .. .. .. 153 17 7 .. 204 1 8 112 2 0 11,648 8 11 12,118 10 2 Departmental.. .. .. .. .. .. .. .. .. 39 7 3 65 16 4 1 4 0 .. 1,358 0 8 1,464 8 3 Amounts paid in advance .. .. .. .. .. .. .. .. .. .. .. 559 5 0 559 5 0 Deposits .. .. .. .. .. .. .. .. .. .. .. ! 200 2 1 .. .. 200 2 1 Profit and Loss Accounts .. .. .. .. .. .. .. .. 3,480 9 3 .. 7,289 10 3 231 11 5 638,930 0 1 649,931 11 0 Writing-off Suspense .. .. .. .. .. .. .. .. .. j .. j .. .. 954 18 3 954 18 3 Treasury Adjustment Account .. .. .. .. .. .. .. 1,454 18 9 , 2,114 6 7 j 5,068 4 6 4,136 17 3 .. 12,774 7 1 21,516 1 0 j 5,661 13 4 j 87',823 17 1 29,635 13 6 784,523 8 11 929,160 13 10 i !

B.—l [PT. IV].

DEPARTMENT OF AGRICULTURE —continued. Revenue Account for the Year ended 31st March, 1934.

Dr. £ s. d. Cr. £ s. d. To Balance brought down .. .. .. 627,218 0 4 By Rent of buildings .. .. .. 1,265 13 6 Depreciation .. .. .. .. 7,214 14 5 Territorial revenue .. .. .. 16 7 8 Interest .. .. .. .. 5,779 6 6 Balance carried down .. .. .. 638,930 0 1 £640,212 1 3 £640,212 1 3 £ s. d. By Profits from special accounts' — £ s. d. To Balance brought down .. .. .. 638,930 0 1 Rabbit-destruction poisons and poison-mixing Losses from special accounts—- depots .. .. .. .. 651 18 8 Experimental farms and areas, quarantine Balance .. .. .. .. 649,279 12 4 stations, poultry-station, and cattle-dip .. 3,480 9 3 Ruakura Farm of Instruction —• £ s. d. Farm working .. .. 2,800 10 1 Experimental, educational, and hostel .. .. 4,489 0 2 7,289 10 3 Te Kauwhata Horticultural Station .. 231 11 5 £649,931 11 0 £649,931 11 0 Note.—The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental values as assessed by the Public Works Department, Justice Department, and Health Department; (b) interest on capital. No part of the premium on conversion of the loan liability of the Public Works Fund, General Purposes Account, is reflected in this account.

Particulars. Head Office. | Dalry Division - Welds Division. Total. Dr. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Personal services and locomotion 25,168 19 10 80,819 1 5 16,212 15 9 43,247 9 9 27,026 5 6 192,474 12 3 General establishment (office rents, 12,946 1 8 929 11 2 245 16 6 149 0 9 416 4 7 14,686 14 8 printing, &c.) Investigations and works for the 1,415 1 10 .. 53 14 8 5,919 10 0 .. 7,388 6 6 improvement of agricultural knowledge Control and destruction of diseases .. 17,822 4 7 177 10 7 .. .. 17,999 15 2 and pests Grading, testing, and laboratory 369 9 0 1,109 11 6 .. .. .. 1,479 0 6 services to improve agricultural knowledge and the standard of agricultural exports Settlement of unemployed under 1,274 18 0 1,933 11 4 321 4 9 .. 2,294 14 5 5,824 8 6 Small-farm Scheme Carriage of lime and fertilizers .. 161,638 15 10 .. .. .. .. 161,638 15 10 Carriage of farm products .. 156,437 3 11 .. .. .. .. 156,437 3 11 Carriage of fodder for starving 256 10 7 .. .. .. .. 256 10 7 stock Losses on purchase of fertilizers 144 19 7 .. .. .. .. 144 19 7 for farmers Subsidy on superphosphate de- 115,389 5 9 .. .. .. .. 115,389 5 9 liveries Guarantee on shipments of fruit .. .. 7,971 15 2 .. .. 7,971 15 2 Grant to Massey Agricultural 9,448 00 .. .. .. .. 9,448 0 0 College Compensation under the Stock Act .. 6,103 2 11 .. .. .. 6,103 2 11 Compensation under the Slaugh- .. 12,250 10 6 .. .. .. 12,250 10 6 tering and Inspection Act 484,489 6 0 120,967 13 5 24,982 17 5 49,316 0 6 29,737 4 6 709,493 110 Gr. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. By Investigations and works for the .. .. .. .. 130 0 2 130 0 2 improvement of agricultural knowledge Control and destruction of diseases .. .. .. .. 346 2 3 346 2 3 and pests Grading, testing, and laboratory .. .. .. 34,904 18 8 623 10 0 35,528 8 8 services to improve agricultural knowledge and the standard of agricultural exports Interest on sundry advances .. .. 147 50 .. 27 32 .. 17482 Fees under the Fertilizers Act .. 377 7 0 .. .. .. .. 377 7 0 Fees under the Stock Act .. .. 755 16 0 .. .. .. 755 16 0 Fees under the Dairy Industry Act .. 2,569 17 6 .. .. .. 2,569 17 6 Fees under the Slaughtering and .. 41,209 1 2 .. .. .. 41,209 1 2 Inspection Act Fees under the Orchard and .. .. 1,179 0 7 .. .. 1,179 0 7 Garden Diseases Act Fees under the Margarine Act .. .. .. .. 500 .. 500 Balance carried down .. .. 484,111 19 0 76,285 13 9 23,803 16 10 14,378 18 8 28,637 12 1 627,218 0 4 484,489 6 0 120,967 13 5 24,982 17 5 49,316 0 6 29,737 4 6 709,493 1 10

B.—l [Pt. IV].

DEPARTMENT OF AGRICULTURE—continued. EXPERIMENTAL FARMS AND AREAS, QUARANTINE STATIONS, POULTRY STATION, AND CATTLE-DIP. Working Account and Profit and Loss Account for the Year ended 31st March, 1934.

, T, . Tinrnln Pure Motuihi Island Somes Island Poultry i „ MamakuFarm. Marton Area. , Gore Area. f,™ e Quarantine Quarantine Station, 1 Total. seed fetation. station. Station. Wallaceville. j Cattle-dip. Dr. To Stock, 1st April, 1933- £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d Live-stock .. .. . . .. .. 221 10 0 34 0 0 .. 25 0 0 108 10 0 69 5 0 465 0 0 .. 923 5 0 Farm crops and stores .. .. .. .. 83 14 10* 32 18 8 270 5 9 240 5 4 10 7 9 10 12 0 128 9 10 10 3 0 786 17 2 S^ ag ? S xi- " " " " " 208 7 10 405 16 0 265 3 9 192 11 6 204 16 0 232 5 0 475 13 9 60 15 6 2,045 9 4 Purchase of live-stock . . .. .. .. .. 245 8 2 30 0 0 .. .. .. 5 5 0 280 13 2 Launch and steamer services .. .. .. .. .. .. .. .. 52 8 0 232 5 0 284 13 0 Manure and seeds .. .. .. .. .. 24 17 5 28 10 0 22**8 8 28 i4 0 .. .. " " 104 10 1 Cultivating, harvesting, &c. .. .. .. .. .. .. 60 12 0 40 1 6 . . . . 100 13 6 Purchase of foodstuffs .. .. .. .. .. 5 15 0 .. .. .. 22 5 8 58 3 6 539 10 4 .. 625 14 6 Cartage and sundries .. .. 44 17 2 19 11 2 16 0 2 21 18 9 19 12 10 54 18 10 116 2 2 17 2 3 310 3 4 Balance carried down .. .. .. .. .. .. _ g2 jg q 9 834 10 5 550 15 10 634 10 4 548 11 1 418 0 3 662 14 4 1,724 16 1 170 16 6 5,544 14 10 £ B - d - £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Balance brought down .. .. .. .. .. 101 10 9 458 7 0 470 5 5 62 9 11 133 17 10 320 1 11 95 8 11 1 642 1 9 Repairs and maintenance .. .. .. .. 11 7 11 6 9 10 .. 13 13 5 7 18 7 62 11 8 3 19 5 13 18 5 ' 119 19 3 Management .. .. .. .. .. .. 50 0 0 30 0 0 18 0 0 50 0 0 25 0 0 20 0 0 50 0 0 5 0 0 248 0 0 5 ent . •• •• •• •• •• •• 60 0 0 54 0 0 128 11 1 13 15 0 .. 6 0 0 .. 262 6 1 Depreciation .. . . .. .. .. .. 69 13 5 14 9 6 1 15 4 86 2 2 15 10 5 133 14 9 131 4 9 47 18 10 500 9 2 Interest .. .. .. .. .. .. 162 9 9 14 1 0 7 17 9 65 2 5 53 17 0 226 19 9 146 5 2 43 12 10 720 5 8 Administration .. .. .. .. .. 11 12 6 6 10 0 6 15 6 7 0 10 4 17 2 8 16 3 22 0 10 2 10 0 70 3 1 406 14 4 589 17 4 558 14 0 412 19 10 254 16 0 772 4 4 454 19 1 113 0 1 3,563 5 0 „ , Gr - , , £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. ' £ s. d. £ s. d. By Sales of live-stock .. .. .. .. 183 2 10 34 0 0 .. .. .. . 353 5 4 570 8 2 Sales of produce .. .. .. .. .. 21 8 9 0 6 9 129 14 9 74 12 6 7 19 5 64 3 6 639 6 1 " 937 11 9 J ee ® ' • ■ ■ • ■ • • • • ■ ■ ■ • • ■ ■ ■ • • • 131 4 2 198 0 0 .. 163 16 6 493 0 8 Sundries .. .. .. .. .. . . 17 1 0 .. 34 10 2 .. .. 0 15 0 .. .. 52 6 2 Stock, 31st March, 1934 — Live-stock .. .. .. .. .. .. 387 4 0 27 10 0 .. 17 10 0 124 5 0 61 5 0 477 0 0 1 094 14 0 Farm crops and stores .. .. .. .. 124 3 1 30 12 1 .. 393 18 8 20 13 10 18 8 11 159 15 9 7 0 0 754 12 4 Balance carried down .. .. .. .. .. 101 10 9 458 7 0 470 5 5 62 9 11 133 17 10 320 1 11 95 8 11 .. 1,642 1 9 834 10 5 550 15 10 634 10 4 548 11 1 418 0 3 662 14 4 1,724 16 1 170 16 6 5,544 14 10 „ T, , , , ' , £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ g. d. £ s. d. -By .Balance brought down .. .. . . . . .. . . . _ _ g2 jg 9 g2 15 9 Balance (loss) .. .. .. .. .. .. 406 14 4 589 17 4 558 14 0 412 19 10 254 16 0 772 4 4 454 19 1 30 4 4 3,480 9 3 406 14 4 589 17 4 , 558 14 0 412 19 lot 254 16 0 772 4 4 454 19 1 113 0 1 3,563 5 0 * Difference between closing stocks at 31st March, 1933, and opening stocks at 1st April, 1933, is due to capitalization of stores. t In addition to the expenditure debited in this account an amount of £479 0s. 2d. was expended on the Lincoln Pure Seed Station during the period by the Department of Scientific and Industrial Research.

B.—l [PT. IV].

DEPARTMENT OF AGRICULTURE—continued. RABBIT DESTRUCTION, POISONS, AND POISON-MIXING DEPOTS. Working Account and Profit and Loss Account for the Year ended 31st March, 1934.

Wellington Dunedln Dominion Dominion jjranraon Kaikoura Distributions, Distributions, Distributions, T)i»tritnitinns Total Junction Depot. Phosphorized Phosphorized Carbon Stevchntoe ' De P ot - Pollard. Pollard. Bisulphide. strychnine. j>. £ s. d. £ 3. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Stock, 1st April, 1933 .. 404 14 7 13 7 9 72 8 2 8 12 6 135 5 0 410 11 1 1,044 19 1 Wages .. 149 2 6 5 0 0 .. .. •• 154 2 6 Purfhase of poisons .. .. ... 2 10 4 1,753 12 5 1,756 2 9 Sugar, pollard, &c. 188 16 6 4 4 0 .. .. • • • • 193 0 6 Sundries ,. .. 3159 1 S 6 • • •• •* Packing cartage, &c. .. 159 9 9 4 4 9 6 15 6 0 3 1 13 1 9 101 14 0 285 8 10 Transfers (in) .. 7 2 7 23 7 9 116 1 10 .. 7 10 0 221 12 10 375 15 0 Balance carried down .. 414 12 7 15 6 7 40 14 7 6 17 2 J>2 13_U 867 7 10 1,397 12 8 1,327 14 3 66 19 4 236 0 1 15 12 9 211 1 0 3,354 18 2 5,212 5 7 Cr £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. By Poison s'ales •• B ™ 0 0 2,829 1 0 3,021 1 0 Phosphorized-pollard sales 866 10 0 53 10 9 191 19 1 15 12 9 .. " III a Transfers (out) . . .. 139 1 1 .. 117 .. 13 10 6 221 12 10 375 15 0 Stock, 31st March, 1934 .. 322 3 2 13 8 7 42 19 5 .. 5 1 6 304 4 4 687 17 0 1,327 14 3 66 19 4 236 0 1 15 12 9 211 1 0 3,354 18 2 5,212 5 7 T) r £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. ToManagement .. .. 80 0 0 5 0 0 20 0 0 2 0 0 17 0 0 270 0 0 394 0 0 Depreciation .. 121 0 11 1 10 0 .. •• •• •• Interest .. .. 140 15 2 1 8 3 2 5 10 0 4 0 3 3 0 15 12 3 163 8 6 Administration .. 14 0 0 0 12 7 2 0 0 0 3 0 2 4 0 46 15 0 65 4 7 Balances (profit) .. 58 16 6 6 15 9 16 8 9 4 10 2 30 6 11 535 0 7 651 18 8 j 414 12 7 15 6 7 40 14 7 6 17 2 52 13 11 867 7 10 1,397 12 8 Or £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. By Balance'brought down .. 414 12 7 15 6 7 40 14 7 6 17 2 52 13 11 867 7 10 1,397 12 8

B.—l [PT. IV],

DEPARTMENT OF AGRICULTURE—continued. RUAKURA FARM OF INSTRUCTION. Experimental, Educational, and Hostel Section Trading Account for the Year ended 31st March, 1934.

Profit and Loss Account for the Year ended 31st March, 1934.

Agricultural Exnpri- S p Farm Homestead Quarters Orchard, E o™~°, n: mental. School. (Catering, (Catering Vegetable Visitors. ! Total. General. 9 months.) 3 months.) Garden. Expenditure. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s d To Stock at 1st April, 1933 32 9 0 .. 38 0 1 .. 19 0 3 123 9 9 212 19 1 Purchases .. .. 2 10 0 .. 46 7 4 319 3 1 91 11 0 4 S 6 .. 463 16 11 Labour.. .. .. 7 11 2 5 2 7 82 11 8 296 1 4 159 19 3 168 1 6 .. 719 7 6 Salaries .. .. 177 14 2 .. 1,036 4 2 .. .. 9 17 2 124 0 7 1 347 16 1 Horse labour .. . . 58 10 0 2 6 0 10 2 6 6 8 6 1 16 6 6 18 0 .. ' 86 1 6 Repairs and sundries paid for 11 11 8 3 3 11 294 3 6 42 0 2 13 10 6 5 11 7 .. 370 1 4 Repairs and sundries from 200 19 4 .. Ill 1 0 .. .. 5 16 0 .. 317 16 4 farm Feed purchased Produce from farm .. .. .. .. 584 2 10 178 i8 11 0 4 0 763"ō 9 Stores issues .. .. .. 5 19 6 23 5 9 222 2 6 64 6 7 1 12 7 317 6 11 Balances (profit) .. .. .. .. .. 269 17 6 . . .. .. 269 17 6 Totals •• 491 5 4 16 12 0 1,641 16 0 1,739 15 11 529 3 0 325 12 1 124 4 7 4,868 8 11 Income. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. By Sales .. .. .. .. .. 42 9 0 1,446 6 8 437 7 4 2 5 3 .. 1 928 8 3 Issues of produce .. .. .. .. 280 3 9 81 18 0 110 6 10 .. 472 8 7 Stock at 31st March, 1934. . 34 19 0 .. 42 0 11 13 5 6 .. 141 14 2 .. 231 19 7 Balances (loss) .. .. 456 6 4 16 12 0 1,557 6 1 .. 9 17 8 71 5 10 124 4 7 2,235 12 6 Total s 491 5 4 16 12 0 1,641 16 0 1,739 15 11 529 3 0 325 12 1 124 4 7 4,868 8 11 Gross losses .. .. .. .. .. .. .. .. 2 ,235 12 1i Gross profits .. .. .. .. . > # 269 17 6 Gross loss .. .. .. .. .. .. .. _ 1,965 15 0

Experimental, Farm Working Account. Educational, and Hostel Total. Section. Dr. To Trading Account— £ s. d. £ s. d £ s d Balance being gross loss brought forward .. .. .. 1,538 18 6 2,235 12 6 3 774 11 0 Less gross profit brought forward .. .. .. 1,499 1 6 269 17 6 19 0 T , , 39 17 0 1,965 15 0 2,005 12 0 Interest .. .. .. .. .. .. .. 2 ,232 12 5 1,116 6 3 3,348 18 8 Depreciation 388 9 3 776 18 5 1,165 7 8 Carpenter s Shop Working Account .. .. .. .. 23 4 4 23 4 5 46 8 9 Electric Light Working Account .. .. .. .. 15116 3131 46 147 Motor-car Working Account .. .. .. .. 26 12 9 53 5 5 79 18 2 Water-supply Working Account .. .. .. .. 56 8 9 56 8 10 112 17 7 Office and management expenses .. .. .. .. 114 19 3 344 17 8 459 ig n Head Office administration expenses.. .. .. .. 57 9 5 114 18 9 172 8 " 2,955 4 8 4,482 17 10 | 7,438 2 6 „ „ , ' V - £ S. d. £ s. d. £ B. d. ~ By Rents .. .. .. .. .. .. .. 148 12 3 .. 148 12 3 Balance, being net loss .. .. .. .. .. 2,806 12 5 4,482 17 10 7,289 10 3 2,955 4 8 4,482 17 10 7,438 2 6

B.—l [Pt. IV].

DEPARTMENT OF AGRICULTURE— continued. RUAKURA FARM OF INSTRUCTION— continued. Farm Trading Account for the Year ended 31st March, 1934.

I " Experimental, Apiarv. Dairy Herd. Farm Crops. Farm Stores. Shee P" "S££?* Total8 ' "S'' Grand Totals. Sections. Tlr j £ s d £ s. d. £ %. d. £ s. d. £• s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Stock at'lst Anril 1933 274 9 7 3,512 14 11,363 3 11 471 5 7 3,409 8 8 34 13 3 438 11 4 180 5 31,580 17 0 220 5 011,485 13 8 212 19 111,698 12 9 To btoekat 1st April, 19dd .. -/4 » 21 0 0 953 18 8 30 8 6 1,240 3 9 84 0 0 2,329 10 11 463 16 11 2,793 7 10 T«w eS 67' 16 7 259 15 6 429'io 2 10 12 3 117 2 1 417 1 4 246 4 11 63 7 9 225 18 8 1 15 7 1,839 4 10 719 7 6 2,558 12 4 5 8 1 105 2 1 67 17 6 92 3 11 77 11 7 122 6 11 59 7 1 15 8 10 45 19 10 27 19 6 619 5 41,347 16 1 1,967 1 5 Horse labour " " 0 1 2 45 5 6 74 14 9 1 15 3 26 0 5 52 8 4 16 1 2 0 19 3 17 19 0 .. 235 4 10 86 1 6 321 6 4 Horse iaDour .. „ „ q 18 o g 72 5 9 15 15 1 86 5 5 153 1 6 18 6 11 41 17 3 62 5 3 617 16 6 370 1 4 987 17 10 Repairs and sundries paid for .. 13 12 11 136 2 9 18 4 8 525 0 11 30 16 3 38 12 7 6 12 1 10 0 9 40 14 5 678 19 1 317 16 4 996 15 5 Repairs and sundries from farm 3 18 7 2 8 6 .0 15 0 .. U dU * 339 8 10 129 5 10 4 ! 9 .. 658 12 8 .. 658 12 8 produce from farm' " 624 15 1 345"o 0 .. 808 6 6 261 17 5 157 3 2 4 11 3 606 8 6 198 19 9 3,007 1 8 763 5 9 3,770 7 5 - " 410 5 I 5 4 7 102 15 10 175 9 5 286 1 U .. 7 9 6 .. 2 1,213 0 8 .! 1,499 ! 269 17 6 1,768 19 0 Balances (protit) .. .. .. •. • • • • • • Totals __ .. 369 17 44,829 11 22,422 0 101,602 1 55,154 14 81,396 3 81,490 6 10 424 19 114,996 13 9 637 10 423,323 19 114,868 8 1128,192 8 10 —— — - — " r £ g a £ s d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. <, , ° r - 28 17 9 531 4 7 45 12 7 .. 61 10 6 871 7 11 570 14 6 97 18 32,250 7 6 0 4 6 4,457 18 1 1,928 8 3 6,386 6 4 of produce !! " 11 12 9 9 16 6 947 14 101,100 11 71,781 2 0 492 15 6 82 19 1 42 19 9 290 19 7 4,760 11 472 8 7 5,233 g 0 2 lockat b 3Zt March 1934 " 31o"4 103,333"e 71,428'l3 5 461' 19 33,312"2 2 32"o 3 406'l0 8 189"2 12,45ō"6 8 278 5 012,207 10 11 23l'l9 712,439 10 6 Balan m (loss) !! 19 2 0 955 3 6 .. 39 10 7 .. ■■ 430 2 7 94 19 10 .. .. 1,538 18 62,235 12 6 3,774 11 0 Tota , s __ 369 17 44,829 11 ~22,422 0 101,602 1 55,154 14 81,396 3 81,490 6 10 424 19 114,996 13 9 637 10 4 23,323 19 114,868 8 1128,192 8 10 £ s. d. £ s. d. £ s. d. ,, , .... .. .. 1,538 18 6 2,235 12 6 3,774 11 0 Gross losses .. .... .. •• • gg 1 f . 26Q 17 6 j 768 19 0 Gross proilts .. .. .. • • • • • • * * „ , i .. .... .... 39 17 01,965 15 0 2,005 12 0 Gross loss .. .. ... • • • - 1 : i . . j i _ ' ; ■ ■ :

B.—l [PT. IV],

DEPARTMENT OF AGRICULTURE—continued. RUAKURA FARM OF INSTRUCTlON—continued. Balance-sheet as at 31st March, 1934. J-jidijt hties. Assets £ s. d. £ s. d. £ s. d. £ s. d. Capital, Ist April, 1933 .. .. 73,843 12 0 Land .. .. . .. ~ 35,926 2 0 Adjustment for increase, 1933-34 1,154 511 Permanent improvements .. .. 21,459 9 9 74,997 17 11 Additions .. .. .. 289 7 9 Sundry creditors— 2] 748 17 6 General public.. .. .. 239 5 1 Furniture, fittings, and fixtures .. 1,212 13 8 Government .. .. .. 89 9 4 Additions .. .. .. 162 15 10 328 14 5 Students' fees in advance .. .. 450 0 0 1,375 9 6 Depreciation Reserve .. .. .. 12,047 4 9 Less outgoings .. .. 58 19 2 Treasury payments .. .. 10,343 15 4 1 31g jo 4 Less receipts .. .. .. 6,897 4 11 Libraries .. .. .. 61 11 6 3,446 10 5 Additions .. .. 2 19 0 64 10 6 Implements and tools .. .. 3,177 7 0 Additions .. .. .. 70 9 7 3,247 16 7 Less outgoings ~ .. 10 0 4 • 3,237 16 3 Transport ~ .. .. 295 7 7 Additions ... .. .. 267 4 0 562 11 7 Less outgoings - .. .. 295 7 7 267 4 0 Live-stock .. .. .. 6,471 14 0 Farm crops and stores — Farm crops .. .. .. 1,428 13 5 Grass and pastures .. .. 3,312 22 Farm stores .. .. .. 461 19 3 Operative stock . . .. 762 8 6 — 5,965 3 4 Stock on consignment .. .. .. 59 6 8 Sheep in Suspense (writing off) .. .. 3 10 0 Sundry debtors— General public .. .. 204 1 8 Government .. .. .. 14 0 205 5 8 Deposits with New Zealand Cooperative Dairy Co., Ltd. .. 266 16 0 Less irrecoverable reserve .. 66 13 11 200 2 1 Profit and Loss Account— Farm working .. .. 2,806 12 5 Experimental, educational, and hostel section .. .. 4,482 17 10 7,289 10 3 Head Office Account .. .. .. 8,514 14 11 £91,270 7 6 £91,270 7 6 I hereby certify that the Balance-sheet and Statements have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position disclosed thereby.—G-. F. C. Campbell, Controller and Auditor-General.

2—B. 1 [PT. IV],

B.—l [Pt. IV].

DEPARTMENT OF AGRICULTURE—continued. TE KAUWHATA HORTICULTURAL STATION. Working Account and Profit and Loss Account for the Year, ended 31st March, 1934.

Summary of Profits and Losses with Allocation of "Management."

General Farm. Vineyard. Wine-cellar. Horticulture. Management. ! Totals. Dr. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Stock, 1st April, 1933 .. .. 112 1 5 40 0 .7 13,913 1 .2 IS J 6 .. 14,080 4 8 Wages and salaries .. .. .. 536 7 5 1,065 15 4 608 18 4 90 13 10 .. 2,301 14 11 Inter-seetion transfers .. .. .. 59 8 0 989 10 0 13 0 0 .. 1,061,18 0 Sundry purchases .. .. .. 133 8 10 24 7 4 239 .2 6 ... .. 396 18 8 Cartage and freight .. .. .. 7 0 11 6 17 7 300 1 1 0 19 8 .. 314 19 3 Purchase of sugar .. .. .. .. .. 512 9 3 .. .. 512 9 3 Purchase of manures and seeds .. .. 54 7 9 . . .. .. 54 7 9 Purchase of bottles and corks .. .. .. .. 1,365 9 4 .. .. 1,365 9 4 Purchase of cases and straws .. .. .. .. 841 12 9 .. .. 841 12 9 Balance carried down .. .. .. .. 2,596 19 0 .. .. 2,596 19 0 788 18 7 1,250 16 7 21,367 3 5 119 15 0 .. 23,520 13 *7 To Balance brought down .. .. 274 13 7 215 3 6 .. 96 7 8 . . 586 4 9 Repairs and maintenance .. .. 50 4 3 29 13 5 .. .. 9 19 9 89 17 5 Salaries and expenses .. .. .. .. .. .. 706 9 II 706 9 11 Depreciation .. .. .. 66 19 7 59 15 5 111 5 3 I 8 8 115 6 3 354 15 2 Interest .. .. .. .. .85 16 2 94 7 2 842 2 10 14 .11 4 107 19 5 1,144 16 11 Administration .. .. .. . . .. . . .. 149 8 0 149 8 0 Balance (profit) .. .. .. .. .. 1,643 10 11 .. .. 1,643 10 11 477 13 7 398 19 6 2.596 19 0 112 7 8 1,089 3 4 4,675 3 1 Cr. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. By Sales of firewood .. .. .. 64 0 0 .. .. .. .. 64 0 0 Sales of sheep .. .. .. 55 18 7 .. . . .. .. 55 IS 7 Sales of produce and sundries .. .. 61 9 0 62 14 6 876 18 6 15 9 10 .. 1,016 11 10 Sales of bulk wine .. .. .. .. .. 4,115 4 8 .. .. 4,115 4 8 Sales of case wine .. .. .. .. .. 2,803 6 10 .. .. 2,803 6 10 Inter-seetion charges .. .. 117 18 0 944 0 0 .. .. .. 1,061 18 0 Stock, 31st March, 1934 ■ .. .. 214 19 5 28 18 7 13,571 13 5 7 17 6 .. 13,823 8 11 Balance carried down .. .. 274 13 7 215 3 6 .. 96 7 8 .. 586 4 9 788 18 7 1,250 16 7 21,367 3 5 119 15 0 .. 23,526 13 7 By Balance brought down .. .. .. .. 2,596 19 0 .. .. 2,596 19 0 Rent .. .. .. .. .. .. .. .. 182 4 7 182 4 7 Electricity, &c. .. .. .. .. .. .. .. 20 17 2 20 17 2 Balance (loss) .. .. .. 477 13 7 398 19 6 .. 112 7 8 886 1 7 1,875 2 4 477 13 7 398 19 6 2,596 19 0 112 7 8 1,089 3 4 4,675 3 I

, V 7 . " ' ■ I ■ 71 ; " I ~ " I Section. Profit. I Loss. Management. Profit. Loss. £ s. d. £ s. d. £ s. d. £ (3. d. £ s. d. General .. .. .. .. .. 477 13 7 56 1» 8 . .. 533 15 3 Vineyard .. .. .. .. .. 398 19 6 123 7 8 .. 522 7 72 Cellar .. .. .. ... 1,643 10 11 .. 701 0 1 942 JO 10 Horticulture .. .. .. .. 112 7 8 5 12 2 , ; 117 19 10 942 10 10 1,174 2 3 Deduct profits .. .. .. . . . . j . . .. 942 10 10 Net loss .. .. .. . . j . . .. 231 11 5 j

B—l [Ft. IV].

DEPARTMENT OF AGRICULTURE—continued. MOUMAHAKI ENDOWMENT ACCOUNT. Receipts and Payments Account foe the Year ended 31st March, 1934. Receipts. £ s. d. £ a. d. Payments. £ s. d. To Balance : Cash in Treasury Deposit By Administration expenses under section 4, Land Account at Ist April, 1933—• Laws Amendment Act, 1927 .. .. 24 18 2 Revenue .. .. .. 49 13 10 Refund to vote "Agriculture" of expenditure Capital .. .. .. 994 12 10 in agricultural instruction under section 130 (3), — 1,044 6 8 Reserves, &e., Act, 1924 .. .. .. 517 12 10 Rents .. .. .. .. . . 498 5 6 Balance: Cash in Treasury Deposit Recovery of expenditure on account of previous Account at 31st March, 1934— £ s. d. years: Sale of motor-car .. . . .. 48 6 4 Revenue .. .. .. 89 11 8 Interest on investments .. . . . . 35 17 0 Capital .. .. .. 994 12 10 1,084 4 6 £1,626 IS 6 £1,626 15 6 Revenue Account foe the Year ended 31st March, 1934. Dr. £ S. d. Or. £ s. d. To Administration expenses under section 4, Land By Balance brought forward ... .. .. 1,837 14 5 Laws Amendment Act, 1927 .. .. 24 18 2 " Accrued rent .. .. .. .. 946 19 10 Expenditure in connection with agricultural Interest on investments .. .. .. 33 15 3 instruction under section 130 (3) of Reserves, &c.. Act, 1924 .. .. .. 617 12 10 : Depreciation . . . . . . .. 42 1 6 Balance carried forward .. .. ... 2,233 17 0 £2,818 9 6, £2,818 9 6 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 22,365 4 6 Land: Capital value of leases .. .. .. 19,900 0 0 Rents charged in advance .. .. .. 227 0 0 Buildings: Sundry debtors for sale of .. .. 1,404 710 Revenue Account . . .. . . ... 2,233 17 0 £ s. d. Motor-cars and sundry assets .. 95 18 10 Less outgoings .. .. 48 6 4 47 12 6 Less depreciation .. .. 42 1 6 5 11 0 Sundry debtors — Rents and buildings interest .. 2,361 l r 2 5 Instalments on buildings .. 66 3 10 2,427 16 3 Interest accrued but not due on investments .. 4 1 11 Cash in Treasury Deposit Account at 31st March, 1934—- £ s. d. Revenue .. .. .. 89 11 8 Capital investments .. .. 850 0 0 Cash .. .. .. 144 12 10 1,084 4 6 £24,826 1 6 £24,826 1 6 A. S. Houston, Accountant, Department of Agriculture, Wellington. 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.

-B.—l [Pt, IV].

Appropriation Account for the Year ended 31st March, 1934.

DEPARTMENT OF AGRICULTURE— continued. THE ORCHARD-TAX ACT, 1927, DEPOSIT ACCOUNT. Revenue Account for the Year ended 31st March, 1934.

General Fireblight-tax under Section 4. —— Purposes Tax ,— j ! Total. under Section 3. Waimea. i Gisborne. 1 Marlborough. ! Christchurch. Rangiora. Wairarapa. Te Xauwhata. IMsSlflglila i 4 <. \ I 1 Expenditure. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Expenses of collection .. .. .. .. .. .. 373 14 0 876 306 3 11 6 10 80 360 047 180 404 0 1 Balance to Appropriation Account .. .. .. .. 842 3 7 719 8 6 5 8 11 30 12 5 50 19 1 45 5 1 .. .. 1,693 17 7 1,215 17 7 727 16 0 8 9 5 34 3 11 61 7 1 48 11 1 0 4 7 1 8 0 2,097 17 8 . j i i Income. £ s. d. £ s. d. £ s. d. j £ s. d. £ s. d. ! £ s. d. £ s. d. £ s. d. £ s. d. By Tax levied under sections 3 and 4 (including penalty) .. .. 1,312 1 2 798 7 7 8 15 8 \ 35 1 9 65 12 1 51 9 3 .. .. 2,271 7 6 Less penalties allowed on prompt payment .. .. .. 96 37 70 117, 063' 0 17 10 4 5 0 2 18 2 .. .. 175 2 5 1,215 17 7 727 16 0 8 9 5 34 3 11 61 7 1 48 11 1 ! .. .. 2,096 5 1 Balance to Appropriation Account .. .. .. .. .. .. .. .. .. .. 1047 180 1 12 7 1,215 17 7 727 16 0 8 9 5 34 3 11 61 7 1 48 11 1 0 4 7 1 8 0 | 2,097 17 8

! General 1 Fireblight-tax under Section 4. : Purposes Tax j — 1 Total. I unc^ ei Section 3. , Waimea. Gisborne. Marlborough. ; Christchurch. Rangiora. Wairarapa. Te Kauwhata. : Dr. I £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. I £ s. d. £ s. d. To Tax irrevocable, written off .. .. .. .. .. j 799 2 8 5 023 296 068 .. 006 469 17 3 10 Fruitgrowers'Federation and Fireblight Committees .. .. j 1,137 9 5 588 15 2 7 10 7 52 10 9 62 5 8 4 0 4 5 5 0 53 3 3 1,911 0 2 Revenue Account .. .. .. .. .. ..j .. .. .. .. .. .. 047 1 8 0 1 12 7 Balance .. .. .. .. .. .. .. 1 781 12 2 737 2 5 6 11 1 52 13 7 62 10 8 46 12 7 .. .. 1,687 2 6 I 1,926 11 4 1,328 6 0 14 3 11 107 13 10 125 3 0 j 50 12 11 | 5 10 1 58 18 0 3,616 19 1 j j ! Or, £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. ! £ s. d. By Balance, 1st April, 1933 .. .. .. .. .. 1,084 7 9 608 17 6 8 15 0 77 1 5 74 3 11 5 7 10 5 10 1 58 18 0 1,923 1 6 Revenue Account .. .. .. .. .. 842 3 7 719 8 6 5 8 11 30 12 5 50 19 1 45 5 1 .. .. 1,693 17 7 | j j __ 1,926 11 4 1,328 6 0 14 3 11 107 13 10 125 3 0 j 50 12 11 5 10 1 58 18 0 j 3,616 19 1 r ; , i J >■ _J ! I • I

B.—l [Ft. IVJ.

A. S. Houston, Accountant, Department of Agriculture, Wellington. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby .—J. H. Fowler, Deputy Controller and Auditor-General.

DEPARTMENT OF AGRICULTURE— continued. THE ORCHARD-TAX ACT, 1927, DEPOSIT ACCOUNT— continued. Balance-sheet as at 31st March, 1934.

- - - — i j • General Fireblight-tax under Section 4. uSsection X 3 I i ■ SS ; : j : : I Total. Waimea. Gisborne. Marlborough, j Christchurch. i Rangiora. Wairarapa. Te Kauwhata. ! : I : I I I ! r T , Liabilities. £ s . d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Creditors: Departmental | 37 80 756! 1 19 6 2 7 6' 730. 2 11 0 . 58 14 6 Appropriation Accounts .. .. 781 12 2 737 2 5 6 11 1 52 13 7 | 62 10 8 j 46 12 7 [ .. .! 1,687 2 6 819 0 2 744 7 11 8 10 7 55 1 1 69 13 8 49 3 7 .. .. 1,745 17 0 Assets. Sundry debtors— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. .. . . .. .. .. .. .. 398 13 3 25 1 9 3 4 3 6 18 0 34 19 8 22 18 8 .. .. 491 15 7 General .. .. .. .. .. .. 279 11 7 28 16 11 4 9 4 26 111 25 1 4 19 14 5 .. .. 383 15 6 Cash m Deposit Account .. .. .. .. .. .. 140 15 4 690 9 3 0 17 0 22 1 2 9 12 8 6 10 6 .. .. 870 5 11 819 0 2 j 744 7 11 j 8 10 7 55 1 I , 69 13 8 | 49 3 7 .. .. 1,745 17 0

B.—l [PT. IV].

DEPARTMENT OE AGRICULTURE —continued. WERAROA AGRICULTURAL ENDOWMENT ACCOUNT. Receipts and Payments Account foe the Yeae ended 31st Maech, 1934. Receipts. £ s. d. £ s. d. Payments. £ s. d. To Balance in Treasury Deposit Ac- By Administration expenses .. .. .. 57 311 count, Ist April, 1933— Balance in Treasury Deposit AcCapital .. .. .. 772 6 0 count, 31st March, 1934 —■ £ s. d. Revenue .. .. .. 1,547 6 1 Capital .. .. .. 772 6 0 2,319 12 1 Revenue .. .. .. 2,659 7 8 Rents from leases .. .. .. .. 1,143 19 5 3,431 13 8 Interest on investments .. .. .25 6 1 £3,488 17 7 £3,488 17 7 Revenue Account foe the Year ended 31st Maech, 1934. Dr. £ s. d. Gr. £ s. d. To Administration expenses under section 4, Land By Balance brought down from previous year .. 5,035 17 0 Laws Amendment Act, 1927 .. .. 57 311 Accrued rents and interest on buildings .. 1,896 4 9 Balance carried forward .. .. .. 7,498 14 5 Interest on investments .. .. .. 23 16 7 £7,555 18 4 £7,555 18 4 Balance-sheet as at 31st Maech, 1934. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 37,822 8 7 Endowment lands— £ s. d. £ s. d. Rents due but not accrued .. .. .. 473 0 0 Leased .. .. .. 34,775 0 (I Revenue .. .. .. .. •• 7,498 14 5 Unleased .. .. .. 90 0 0 34,805 0 0 Sundry debtors — Sale of buildings not yet payable .. .. 2,972 3 10 Principal instalments on buildings .. .. 158 0 5 Rent and buildings interest .. .. .. 2,489 7 2 Postponed rent and buildings interest .. . . 1,688 0 4 Postponed principal instalments on buildings .. 186 19 9 Interest accrued but not due on investments .. 2 17 10 Cash in Treasury Deposit Account on 31st March, 1934 — £ s. d. Capital .. . . .. 772 6 0 Revenue .. .. .. 2,659 7 8 3,431 13 8 £45,794 3 0 £45,794 3 0 A. S. Houston, Accountant, Department of Agriculture, Wellington. 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. Fowlee, Deputy Controller and Auditor-General.

B.—l [Pt. IV].

DEPARTMENT OP AGRICULTURE—continued. NAURU AND OCEAN ISLANDS ACCOUNT. Revenue Account for the Year ended 31st March, 1934. ' r ' £ s - d. Or. £ g , c j_ To Interest on debentures .. .. .. 16,802 25 By Annual payment from the British Phosphate Administration charge .. .. .. 500 0 0 Commission .. .. .. . 35 848 11 2 Audit charge ........ 500 ' Balance to Appropriation Account .. .. 18,541 8 9 £35,848 11 2 £35,848 11 2 Appropriation Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s _ ,| To Balance, 31st March, 1934 .. .. .. 51,921 13 5 By Balance, Ist April, 1933 .. ~ . 33,380 4 8 Revenue Account .. .. . i .. 18,541 8 9 £51,921 13 5 £51,921 13 5 Balance-sheet as at 31st March, 1934. Liabilities. Assets. Capital £ s. d. £ s. d. Share (16 per cent.) Nauru and Ocean Islands £ s d Debentures at 3 J per cent. ..450,000 0 0 ! Phosphate Rights (at cost) .. .. ..565,040 0 0 Debentures at 4 per cent. .. 29,200 0 0 j Proportion of annual payment from British Phos- : — 479,200 0 Oj phate Commission, accrued but not due .. 26,886 8 5 Interest due .. .. .. .. 4,296 2 1 Cash (Loans Redemption Account) .. ..29 331 7 1 Reserve Account .. .. .. .. 85,840 0 0 Appropriation Account .. .. .. 51,921 13 5 £621,257 15 6 £621,257 15 6 Notes—(l) New Zealand's share of the profits earned by the Commission has been used for capital developments, but is not included in these accounts; (2) the accounts of the British Phosphate Commission for the year ended 30th .Tune 1933 are published herewith. * A. S. Houston, Accountant, Department of Agriculture, Wellington. 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.—J. H. Fowler, Deputy Controller and Auditor-General. THE BRITISH PHOSPHATE COMMISSIONERS. Trading Account eor the Year ending 30th June, 1933. - Dr - £ s. d. Cr. £ s. d. To P.O. cost of phosphate, including interest on By Balance brought forward, Ist July, 1932 .. 517 10 0 capital, contribution to a sinking fund for the Phosphate sales and sundry credits, less freight redemption of capital, and other charges in and insurance, &c. .. .. . 882 276 13 1 accordance with Article 11 of Agreement of ' the 2nd July, 1919 .. .. .. 876,898 6 1 Balance carried forward .. .. .. 5,895 17 0 1882/794™ 3 ī Balance-sheet as at 30th June, 1933. Liabilities. £ s. d. Assets. £ g United Kingdom Government .. .. 1,386,767 510 Nauru and Ocean Island phosphate rights Commonwealth Government .. .. 1,386,767 510 buildings and plant, steamers, and investNew Zealand Government .. .. .. 528,292 7 4 ments, less reserves for depreciation and other -—- charges in accordance with Article 11 of 3 ,301,826 19 0 Agreement of the 2nd Julv, 1919 .. .. 3 003 901 6 7 Sinking fund for redemption of capital .. 229,673 J 0 Sundry debtors and bills receivable .. JB7' 150 8 9 Sundry creditors and outstandings .. .. 358,078 2 8 Voyages in progress .. .. 7'"74 510 Government Appropriation Account .. 3,411 6 5 Phosphate and goods in transit .. .. 42'085 18 8 Trading Account, balance carried forward .. 5,895 17 0 Stocks at Nauru, Ocean Island, and elsewhere 249,554 ] 0 Cash at banks and in hand .. ~ 408 919 5 3 8 ? 8 ' 885 6 1 £3,898,885 6 1 We have examined the foregoing Balance-sheet with the books and vouchers of the British Phosphate Commissioners and the audited accounts from London. We have accepted the certificates of officers of the Commissioners for the valuation of the stocks. We have obtained all the information and explanations we have required. In our opinion the Balance-sheet is properly drawn up so as to exhibit a true and correct view of the state of the' Commissioners' affairs according to the best of our information and the explanations given to us and as shown by the books of the Commissioners.—Kent, Brierley, and Sully, Chartered Accountants (Aust.), Auditors. Melbourne, 26th October, 1933.

B.—l [PT. IV],

AUDIT DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. • • 45,958 18 6 By Fees due . • . ■ . - •. 31,587 0 7 Books, &c. .. .. .. •• 200 19 8 Excess of expenditure over income .. .. 25,264 2 11 Allowances, London and Samoa .. .. 336 4 9 Allowances, higher duties .. .. .. 35 0 0 Law-costs .. .. . . • • 13 12 5 Office fittings .. .. .. . • 82 8 11 Postages .. . . .. • • 278 18 5 Rent .. . . . . • . • ■ 1,408 2 4 Telephone services .. . ■ • . 186 15 3 Temporary assistance .. . ■ .. 860 9 2 Travelling-expenses .. .. .. 5,720 8 9 Contingencies . . . . • • • • 3 14 9 Transfer expenses, Audit Officers, London . . 152 16 5 Depreciation .. ■. .. ■ ■ 219 14 11 Printing and stationery .. .. .. 284 17 1 Transfer and removal expenses .. .. 533 12 3 Overtime and meal allowance .. .. 568 8 1 Mechanical appliances .. .. . . 110 Furniture and fittings .. .. ■ • 0 10 10 Assets provisionally written oft .... 4 10 0 £56,851 3 6 £56,851 3 6 £ s. d. £ s. d. To Balance .. .. .. ■■ •• 25,264 2 11 By Excess of expenditure over income .. .. 25,419 2 II Interest on capital .. .. . . 155 0 0 £25,419 2 11 £25,419 2 11 Note. —The following charges are included for which the Department possesses no parliamentary appropriation : (1) Rental value as assessed by the Public Works Department; (2) interest on capital. Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. •• •• 3,493 0 5 Furniture and fittings .. .. .. 1,941 18 10 Treasury Adjustment Account .. .. 25,031 5 11 Mechanical appliances .. .. .. 310 8 0 Creditors — £ s. d. Books .. .. .. .. .. 1,229 010 Departmental .. .. 91 3 3 Stationery .. .. .. . . .. 171 12 0 Sundry ■ • • • • • 356 17 0 Stamps .. .. .. . . .. 47 19 4 y — 448 0 3 Debtors- £ s. d. Fees paid in advance .. .. .. .. 316 0 Departmental .. .. 21 7 6 Depreciation reserve .. .. .. •• 2,401 16 7 Sundry .. • •• 2,236 9 9 Writing-off, Suspense .. .. •• 4 10 0 2,w57 17 3 Assets in Suspense .. .. .. ... 410 0 Excess of expenditure over incomc .. .. 25,419 2 11 £31,382 9 2 £31,382 9 2 J. H. Fowler, F.R.A.N.Z., 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, 1934. Expenditure. £ s. d. Income. £ s. d. To Interest on consolidated stock .. .. 32,500 0 0 By Dividends received and declared for the year .. 164,062 10 0 - Management charges on consolidated stock .. 258 11 3 Excess of income over expenditure .. .. 131,303 18 9 £164,062 10 0 £164,062 10 0 Balance-sheet as at 31st March, 1934. Liabilities. Assets. Capital Account Bank of New Zealand shares (at nominal New Zealand consolidated stock— £ £ s. d. value) — £ s. d. 3 1 per cent., 1940 .. .. 500,000 500,000 preference A shares .. .. 500,000 0 0 4 per cent., 1943-63 .. 375,000 1,375,000 preference B shares .. .. 1,375,000 0 0 875,000 0 0 234,375 long-term mortgage C shares .. 234,375 0 0 Bank of New Zealand Shares Account: Invest- Dividends declared but not paid .. .. 75,781 5 0 ment Account .. •• •• •• 984,375 0 0 Treasury Adjustment Account .. .. 62,173 7 6 Capital reserve . • • • ■ • • • 250,000 0 0 Accrued interest on consolidated stock .. 6,650 13 9 Excess of income over expenditure .. .. 131,303 18 9 £2,247,329 12 6 £2,247,329 12 6 Accumulated profits to 31st March, 1934, £2,743,135 18s. 9d., credited to the Consolidated Fund. G. C. Rodda, F.1.A.N.Z., F.R.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 comment that no charge for the cost of exchange on payments made in London is included in the Account. —J. H. Fowler, Deputy Controller and Auditor-General.

B.—l [PT. IV.]"

COOK ISLANDS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. Income. P r - £ B. d. Cr. £ S. d. To Salaries .. .. .. .. 1,028 16 11 By Balance carried down .. .. 2,355 8 9 Advertising, &c. .. .. .. .. 12 7 6 Expenses incurred in connection with official visit of Secretary to the Cook Islands .. 16 18 3 Freight, cartage, &c. .. .. .. 0 15 11 Fuel, light, &c. .. .. .. .. 46 11 4 Gifts to Arikis of Rarotonga.. . . .. 9 10 0 Office expenses .. .. .. .. 5 6 4 Postages, telegrams, &o. .. .. .. 158 4 9 Printing and stationery .. .. . . 46 7 2 Rent .. .. ' .. .. .. 52 0 0 Telephone services .. .. .. .. 33 4 4 Travelling-allowances, &c. .. .. .. 153 11 4 Visit of Rarotongan Arikis to New Zealand , . 649 11 5 Sundries .. .. .. .. .. 0 15 10 Depreciation .. .. .. .. 141 7 8 £2,355 8 9 £2,355 8 9 £ s. d. £ a. d. To Balance brought down .. .. .. 2,355 8 9 By Excess of expenditure over income .. 13,567 18 2 Grants to Cook Islands Administration .. 11,013 0 0 Interest on capital .. .. .. 199 9 5 £13,567 18 2 £13,567 18 2 Note.—The following charges for which the Department possesses no parliamentary appropriation are included: (a) Rental value assessed by the Public Works Department; (b) interest on capital. COOK ISLANDS ADMINISTRATION (RAROTONGA TREASURY). Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. Income. Dr. £ s. d. Local Grants from N.Z. Total To Agriculture Revenue. Government. Revenue. 'Experimental farm.. .. 155 1 0 „ , . £ d ' £ s ' cL £ s ' d - Fruit Inspection Department 2,575 2 8 Agriculture— r r JLxperimerital iarm .. 51 2 1 2 730 3 8 Fruit Inspection Department 2,400 6 4 Aitutaki salaries .. .. 752 11 8 0 AK , " " 0 Aitutaki Wharf .. .. 74 911 ~ W1 - too ii '? '* ? Ammunition .. .. 65 8 4 Aitutaki Wharf .. .. 122 11 I .. 122 11 1 Atiu salaries 98 0 0 Ammunition .. .. 79 2 9 .. 79 2 9 Ariki's visit to New Zealand .. 589 10 9 enzme .. .. .. 5 0 0 .. 500 Courts 848 9 0 Copra export duty .. .. 718 15 7 .. 718 15 7 Customs and Treasury' 845 Ī 3 Customs duties .. .. 11,222 4 1 .. 11,222 4 1 Education .. .. .. 8.800 810 Cinema licenses .. .. 1 .. 10 0 0 Film censorship .. .. '3712 6 Court fees and fines .. 605 15 10 .. 605 15 10 Freezer 2 140 7 9 Dog-tax 31 0 0 .. 31 0 0 Furniture (repairs, &c.) 1! ' 103 12 6 Education. .. 261 8 0 6,013 0 0 6,274 8 0 ■ Government buildings (repairs, S . " 2,1« 9 ? " 2,1S I ? Governor-General's Visit 300 4 0 Government buildings _ . 7 2 0 7 2 0 Hospital and medical services .. 8,155 7 5 Hospital and medical services 1,284 17 8 0,000 0 0 6,284 17 8 Headstones for soldiers'graves.. 90 19 8 Hall licenses .. .. 50 0 .. 50 0 Liuuor B 1 159 o 6 Llc l uor 1.277 5 0 .. 1,277 5 6 Mail subsidv'' " " '10 0 0 Marriage fees .. .. 34 6 6 .. 34 6 6 ManaaifsXies " " 141 10 0 Motor fees .. .. 246 14 2 .. 246 14 2 Manihiki and Rakahanga salaries 239 13 4 Native Land Court fees .. 29 16 9 .. 29 16 9 Mauke salaries . .. 475 111 Passport*»* •• •• 6}• 6 .. 616 6 Miscellaneous expenses .. 306 5 4 p os , nffi ce i " u], n " oi? Mitiaro salaries .. .. 85 10 0 box rents .. 8 4 0 .. 8 14 0 Ppnrhvn salnries 303 8 0 Printing .. .. .. 96 11 6 .. 96 11 6 Police ': ." 1 125 17 7 Rents 293 0 0 .. 293 0 0 Post Office 1572 14 7 Road rates .. .. 99 11 0 .. 99 11 0 Printing " " !! 93 16 9 Shipping-fees .. .. 316 0 .. 316 0 Prisoners .. .. .. 454 14 11 wi' T1 V 1,008 10 1 " 1,008 10 1 X) i t t ato k o otock, rubhc Works Depart-Public-works expenses .. 472 52 ' r _ . Pukapuka salaries .. .. 256 2 0 gCp duties " " 910 1 !! 910 1 Commissioner's Depart- ~ ° telephones • .. .. 189 10 6 .. 189 10 6 , , q7r „ r Trading licenses .. .. 591 12 6 .. 591 12 6 Roads bridges culverts and " Water rates .. .. 485 II 3 - .. 485 11 3 foreshore culverts, and j 055 12 0 Wireless services .. I,l*o 18 1 .. 1,155 18 1 S txefand e " ion .° f 158 12 8 F Total income ..25,518 0 5 11,013 0 0 36,531 0 5 Superannuation subsidy .. 202 010 Excess of expenditure over mm f -i J tot on come tor the year ending Telephones .. .. .. 121 3 / 31st March, 1934 4,394 7 0 .. 4,394 7 0 Travelling-expenses .. .. 142 6 6 ' ' -*,00* 1 v Trucks (maintenance) .. 137 15 10 Water expenses .. .. 136 1 9 Wireless services .. .. 1,602 10 3 Total expenditure .. .. 38,744 5 1 Depreciation .. .. 2,181 2 4 £40,925 7 5 £29,912 7 5 £11,013 0 0 £40,925 7 5

3—B. 1 [PT. IV].

B.—l [PT. IV].

COOK ISLANDS DEPARTMENT—continued. COOK ISLANDS ADMINISTRATION (RAROTONGA TREASURY) — continued. Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. £ s. d. £ s. d. Capital .. .. .. .. .. .. 4,441 13 1 .. 4,441 13 1 Accumulated funds .. .. .. .. .. .. 78,842 17 3 78,842 17 3 Creditors — Departmental .. .. .. .. .. 2 9 10 .. 2 9 10 Sundry .. .. .. .. .. .. 118 9 337 19 2 339 17 11 Depreciation Reserve .. .. .. .. .. 766 2 6 .. 766 2 6 Storm Reparation Fund .. . . . . .. .. 4,752 2 8 4,752 2 8 Reserves .. .. .. .. .. .. . ■ 6,088 5 9 6,088 5 9 Treasury Adjustment Account .. .. .. .. 12,805 9 4 .. 12,805 9 4 18,017 13 6 90,021 4 10 108,038 18 4 Assets. £ s. d. £ s. d. £ s. d. Land.. .. .. .. .. .. .. .. 9,812 15 0 9,812 15 0 Buildings .. .. .. .. .. .. 4,248 18 5 42,272 15 1 46,521 13 6 Water Works and Tanks .. .. .. .. .. 6,989 9 9 6,989 9 9 Telephone system .. .. .. .. .. .. 669 0 1 669 0 1 Plant and tools .. .. .. .. ■■ 4,137 16 11 4,137 16 11 Furniture and fittings .. 192 14 8 4,442 8 I 4,635 2 9 Boats.. .. .. .. .. .. .. .. 288 19 4 288 19 4 Motor-vehicles .. .. .. .. .. .. .. 1,042 8 1 1,042 8 1 Stocks on hand, and stamps .. .. .. 6 2 3 2,797 4 6 2,803 6 9 Sundry debtors 200 2,714 7 0 2,716 7 0 Fixed deposits .. .. .. •• 9,691 18 10 9,691 18 10 Cash .. .. .. .. .. .. .. .. 767 15 2 767 15 2 Excess of expenditure over income .. .. .. 13,567 18 2 4,394 7 0 17,962 5 2 18,017 13 6 90,021 4 10 108,038 18 4 S. G. Smith, Secretary. I hereby certify that the Income and Expenditure A ccounts and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental note. —J. H. Fowler, Deputy-Controller and Auditor-General.

CROWN LAW OFFICE. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ 8. d To Salaries .. .. .. .. .. 4,643 611 By Law-costs .. .. .. .. 468 16 9 Annual certificates .. .. .. .. 29 8 0 Balance .. .. .. .. •• 5,018 13 9 Printing and stationery .. .. 144 17 6 Postage .. .. .. .. .. 36 17 9 Purchase of law reports, &c. .. .. 37 3 0 Telephone subscriptions .. .. .. 81 22 Advertising, newspapers, &e. .. . . 4 15 4 Office fittings, repairs, and requisites .. .. 19 0 6 Sundry expenses .. . . .. . . 25 18 7 Rent .. .. .. .. .. 261 0 0 Depreciation .. .. .. .. 204 0 9 £5,487 10 6 £5,487 10 6 £ s. d. £ s. d. To Balance brought down .. .. .. 15,018 13 9 By Excess of expenditure over income .. .. 5,195 5 1 Interest on capital .. .. .. .. 176 11 4 £5,195 5 1 v £5,195 5 1 Note.—The following charges are included for which the Department possesses no parliamentary appropriation : (as) Rental value of premises assessed by Public Works Department; (b) interest at 4| per cent, on capital. Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 4,011 4 2 Furniture and fittings .. .. .. .. 381 5 3 Sundry creditors .. .. .. .. 39 2 4 Mechanical office appliances .. . . . . 62 5 0 Depreciation Reserve .. .. .. .. 2,424 1 7 Library .. .. .. .. .. 3,531 7 3 Treasury Adjustment Account .. .. .. 2,736 14 2 Sundry debtor, departmental .. .. .. 015 0 Payments in advance .. .. .. .. 40 4 8 Excess of expenditure over income .. .. 5,195 5 1 £9,211 2 3 £9,211 2 3 H. H. Cornish, Solicitor-General. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —J. H. Fowler, Deputy Controller and Auditor-General.

B.—l [PT. IV].

CUSTOMS DEPARTMENT. Revenue Account fob the Year ended 31st March, 1934. Dr. Cr. £ s. d. To Administrative charges — £ s. d. £ s. d. By Customs and Excise duties .. .. 6,484,487 4 6 Salaries .. .. 60,898 16 2 Beer duty .. .. .. .. 655,777 10 6 Pay of non-permanents .. 1,907 610 Brewery supervision fees .. .. 858 15 1 Allowances, overtime, and Customs fines .. .. .. .. 29 7 6 rewards .. .. 2,132 18 11 Customs agents'license fees .. .. 378 5 0 Expenses of Official Repre- Distillation Act fees .. .. . . 185 0 0 sentatives, London .. 830 4 6 Gold-export duty (12s. 6d. per ounce) .. 117,089 16 7 Expenses of Official Repre- Hop-beer license fees .. .. .. 94 15 0 sentative, New York .. 2,051 10 8 Sale of seizures .. .. .. 113 0 Postage and telegrams .. 1,044 17 1 Sale of waste paper .. .. .. 14 6 Printing and stationery .. 1,462 8 7 Sales tax .. .. .. .. 1,846,886 16 3 Telephone services .. 731 3 7 Sales-tax license fees .. .. .. 4,022 0 0 Services rendered by other Territorial revenue .. .. .. 10 0 Departments .. .. 477 0 10 Timber-export duty .. .. .. 159 2 5 Transfer and removal ex- Tobacco Act license fees .. .. 437 10 0 penses .. .. 783 15 0 Warehouse license fe«s .. .. .. 10,748 7 8 Travelling allowances and expenses .. .. 503 4 2 Rent .. .. .. 4,681 14 9 Maintenance and repairs . . 363 2 8 Expenses of Customs Tarifi Commission .. .. 3,795 8 1 Miscellaneous expenses .. 1,923 18 11 83,587 10 9 Grants to Cook and Niue Islands Governments .. .. ■ • .. 2,384 0 0 Depreciation .. . . .. .. 1,052 19 8 Balance carried down .. .. .. 9,034,133 17 7 £9,121,158 8 0 £9,121,158 8 0 £ s. d. £ s. d. To Interest on capital .. .. .. 1,352 13 8 By Balance brought down .. .. .. 9,034,133 17 7 Excess of revenue over expenditure .. 9,032,781 3 11 £9,034,133 17 7 £9,034,133 17 7 Note. —Percentage cost of collection, including depreciation and interest on capital, 0-9428 = 18s. lOd. Balance-sheet as at 31st March, 1934. Liabilities. Assets. £ s. d. Capital— £ s. d. £ s. d. Land . . .. .. .. .. 8,202 0 0 Consolidated Fund Capital Buildings .. .. .. .. .. 12,198 10 9 Account .. .. .. 9,496 5 8 Bicycles .. .. .. .. .. 43 13 11 Public Works Department Ex- Furniture and fittings .. .. .. 8,659 15 5 penditure Account .. 20,700 10 9 Mechanical-office appliances .. .. .. 1,092 16 4 30,196 16 5 Stamps, postage .. .. .. .. 97 5 2 Creditors — Stocks at Printing and Stationery Departmental .. .. 241 8 0 Department— £ s. d. Sundry .. .. .. 1,152 311 Stationery .. .. .. 634 10 5 1,393 11 11 Uniform trimmings .. .. 20 10 10 Fees paid in advance .. .. .. 9,984 15 7 Testing and gauging instruDepreciation Reserve .. .. .. 11,312 10 4 ments .. .. .. 733 13 7 Amounts held on deposit— ——— —— 1,388 14 10 Export Control Boards .. 10,236 6 10 Debtors— Customs duties .. .. 64,178 8 2 Departmental .. .. 15,872 17 6 Immigration Restriction Acts.. 1,340 0 0 Sundry .. .. 4,915 5 0 75,754 15 0 ——— 20,788 2 6 Writings-off, Suspense .. .. .. 05 0 Assets in Suspense .. .. .. 05 0 Excess of revenue over expenditure .. .. 9,032,781 3 11 Deposit Accounts — Dairy Export Control Act, 1923 6,255 17 2 Honey Export Control Act, 1924 1 13 9 Meat Export Control Act, 1921-22 .. . . .. 3,978 15 11 Receiver-General .. .. 51,773 0 0 Collectors of Customs .. 12,405 8 2 Immigration Restriction Acts.. 1,340 0 0 75,754 15 0 Treasury Adjustment Account .. .. 9,033,197 19 3 £9,161,423 18 2 £9,161,423 18 2 Note. —The Revenue Account includes the following charges for which the Department possesses no parliamentary appropriation : (a) Services of Marine Department officers ; (6) rental value as assessed by Public Works Department; (c) interest on capital. Depreciation has been allowed for on balance of assets as at Ist April, 1933, the total charge being carried to Depreciation Reserve. Credit has been taken without appropriation for services rendered to Internal Affairs Department, Marine Department, and Land and Income Tax Department. E. D. Good, for 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. —J. H. Fowler, Deputy Controller and Auditor-General.

B.—l [Pt. IV].

DEFENCE DEPARTMENT. Headquarters General Activities Revenue Account for Year ended 31st March, 1934.

General Head- Northern Central Southern T , , quarters. Command. Command. Command. xotai. ___ ; D r - £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Pay, military, civil, and Territorial .. .. 21,448 19 5 6,780 2 2 7,574 14 0 4,899 9 1 40,703 4 8 Grants for rifle shooting, entry fees for competi- 15 11 7 0 15 3 .. .. 16 6 10 tions, and purchase and engraving of medals, &c. Medical examinations, attention, and hospital 98 1 3 41 4 0 52 9 0 22 5 8 213 19 11 charges Advertising, office expenses, printing, stationery, 1,793 14 8 460 6 10 213 1 9 211 0 1 2,678 3 4 postage, telegrams, telephones, repairs, cleaning, and laundering Hire and maintenance of drill-halls, offices, build- 642 11 4 702 16 3 973 8 4 1,308 19 7 3,627 15 6 ings, parade-grounds, camps, rifle ranges, boatsheds, &c. Compensation for sickness and accidents due to 68 1 4 .. .. .. 68 1 4 military service Rations, forage, fuel, light, and water.. .. 571 18 8 695 13 7 383 10 6 528 6 5 2,179 9 2 Legal expenses and Courts of inquiry .. .. 22 3 0 0 10 6 .. .. 22 13 6 Travelling allowances and expenses, removal ex- 2,485 7 0 1,229 8 0 878 18 9 1,142 17 9 5,736 11 6 penses; rail, steamer, tram, motor, and ferry fares ; freights, cartage, and motor licenses Horses, hire and maintenance of .. .. 0 15 0 154 3 10 149 10 8 162 10 X 466 19 7 Horses, died or destroyed and written off .. 4 16 11 27 19 8 31 5 0 59 3 0 123 4 7 Clothing, stores, and ammunition .. .. 38,919 10 2 361 12 7 616 4 0 356 2 6 40,253 9 3 Stores lost, broken, destroyed, &c., and written off 7 0 3 92 16 1 13 18 5 8 10 10 122 5 7 Rent irrecoverable written off .. .. .. 1 3 7 .. 10 18 7 12 2 2 Allowances and expenses of officers undergoing 1,725 6 5 .. .. .. 1,725 6 5 training abroad Rifle clubs — Proportion of pay of military staff .. .. 25 11 0 250 0 0 250 0 0 250 0 0 775 11 0 Rail fares .. .. .. .. .. 19 10 2 150 8 9 .. 169 18 11 Small-arms ammunition issued free and at less 444 11 9 1,218 11 9 4,358 6 9 5,820 5 0 11,841 15 3 than cost Proportion of cost of maintenance of ranges and 3 0 0 50 0 0 125 0 0 150 0 0 328 0 0 buildings used Miscellaneous charges .. .. .. .. 12 8 10 1 15 0 52 19 7 67 3 5 Non-effective services— Contribution to pensions of Imperial non-com- 27 0 0 .. .. .. 27 0 0 missioned officers on loan Expenses in connection with injuries sustained 18 15 0 .. .. .. 18 15 0 by civilian by shell explsoion Grants to widows of deceased officers equivalent 52 17 1 .. .. .. 52 17 1 to retiring leave Refund of Customs duty on band uniforms .. 18 13 3 .. .. .. 18 13 3 Depreciation on— Buildings .. .. .. 854 2 0 5,820 11 11 1,944 1 9 3,123 13 9 11,742 9 5 Libraries .. .. .. .. 39 0 6 5 5 7 1 6 9 10 17 2 56 10 0 Motor-vehicles .. .. .. .. 120 0 2 .. .. .. 120 0 2 Furniture .. .. .. .. 537 8 2 249 8 5 378 8 11 348 10 4 1,513 15 10 69,944 15 11 18,174 9 0 18,096 8 4 18,466 9 5 124,682 2 8 Balance brought down .. .. .. 68,697 16 6 16,485 0 1 15,068 0 1 14,793 9 4 115 044 6~~0 Interest on capital .. .. .. .. 9,959 6 11 13,730 14 10 7,270 2 11 8,137 6 10 39,097 11 6 78,657 3 5 30,215 14 11 22,338 3 0 22,930 16 2 154,141 17 6

B.—l [Pt. IV].

DEFENCE DEPARTMENT—continued. Headquarters General Activities Revenue Account for Year ended 31st March, 1934—continued. Or. By Rent of buildings and quarters, light, and water — £ s. d. £ s d General Headquarters . . ~ . , .. .. .. ~ ~ j jg2 jg 3 Northern Command .. .. .. .. .. .. .. , '767 jg i(j Central Command . . . . .. . . .. ~ .. . _ _ _ g9j j2 10 Southern Command .. .. .. .. .. .. .. ~ . _ 2 121 5 2 „ . ~ , ... , 4,633 10 1 toazmg-nghts on rifle ranges and reserves— General Headquarters .. .. .. .. .. .. ~ ~ 83 19 4 Northern Command .. . . .. .. .. .. .. .. , _ 139 7 j Central Command .. .. .. .. .. .. .. ~ ~ 84g 7 j Southern Command .. .. .. .. .. .. .. .. . _ 020 19 11 Eines: General Headquarters .. .. .. .. .. .. .. .. ~ 1,690 13 0 Use of departmental horses— Northern Command .. .. . . .. .. .. .. .. .. 782 5 0 Central Command .. .. .. .. .. .. .. ~ .. 1,590 8 4 Southern Command .. .. .. .. .. .. .. .. ~ 930 jg 0 o , , 3,303 8 4 bale ot medals and ribbons : General Headquarters .. .. .. .. .. .. 7 14 10 Excess of expenditure over income carried down — General Headquarters .. .. .. .. .. .. .. 68,697 16 6 Northern Command .. .. .. .. .. .. .. .. 16,485 0 1 Central Command .. .. .. .. .. .. .. .. ~ 15,068 0 1 Southern Command .. .. .. .. .. .. .. .. .. 14,793 94 — 115,044 6 0 £124,682 2 8 To Excess of expenses over income after charging interest on capital— £ s d f k d General Headquarters .. .. 78,657 3 5 Northern Command .. .. .. .. .. .. .. .. .. 30,215 14 11 Central Command .. .. .. .. .. .. .. .. .. 22,338 3 0 Southern Command .. .. .. .. .. .. .. .. .. 22,930 16 2 — 154,141 17 6 £154,141 17 6

Note.—The Revenue Accounts include charges for interest on capital for which the Department has no parliamentary appropriation. No part of the premium on conversion of the loan liability of the Public Works Fund General Purposes Account is reflected in this account. No charge for the cost of exchange on payments made in London is included in the accounts.

General Head- Northern Central Southern quarters. Command. Command. Command. lotal. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Administrative charges per head of trainees (Terri- 2146 222 166 0168 416 torials and Cadets), excluding non-effective services and interest on capital Cost of assistance to rifle clubs per head of members.. 290 205 2 10 3 2 16 9 2 13 7

B.—l [PT. IV].

DEFENCE DEPARTMENT—continued. Territorial Forces Revenue Account for the Year ended 31st March, 1934.

Cadet Forces Revenue Account for the Year ended 31st March, 1934.

Northern Command. Centra] Command. Southern Command. Total. Dr. £ s. d. £ s. d. £ s. d. £ s. d. To Pay, military, civil, and Territorial .. .. .. 14,188 19 11 14,840 10 5 16,114 11 0 45,139 1 4 Clothing, stores, and ammunition .. .. .. 10,497 18 1 17,670 8 1 12,708 0 6 40,876 6 8 Medical fees, attention, and hospital charges, and com- 152 10 8 345 19 1 250 9 8 748 19 5 pensation for sickness and accidents Advertising, office expenses, printing, stationery, postage, 1,195 1 2 869 18 1 1,419 1 6 3,484 0 9 telegrams, telephones, repairs, cleaning, laundering, engraving trophies, &c. Hire and maintenance of drill-halls, offices, buildings, 511 8 3 881 1 9 357 3 10 1,749 13 10 parade-grounds, rifle ranges, camps, launches, &c. Rations, forage, fuel, light, and water .. .. 2,404 3 1 2,789 1 6 3,060 6 5 8,253 11 0 Subsidies to officers'clubs .. .. .. .. 37 JO 0 37 10 0 75 0 0 150 0 0 Horses, hire and maintenance of .. .. .. 795 17 3 1,514 5 8 940 2 6 3,250 5 5 Grants towards maintenance of regimental bands .. 300 0 0 400 0 0 400 0 0 1,100 0 0 Travelling allowances and expenses; rail, steamer, tram, 4,644 6 6 6,141 3 9 5,926 19 9 16,712 10 0 motor, and ferry fares ; freights, cartage, and motorStores lost, broken, destroyed, &c., and written off .. 215 16 5 125 12 8 239 3 5 580 12 6 Stores destroyed by fire at Central Battery, Bunedin, and .. .. 1,919 16 5 1,919 16 5 written off •—— — — —— —■—-—-— — - .— —-—-— 34,938 11 4 45,615 11 0 43,410 15 0 123,964 17 4 £ s. d. £ s. d. £ s. d. £ s. d. To Balance brought down .. .. .. .. 34,938 11 4 45,615 11 0 43,410 15 0 123,964 17 4 Interest on capital .. .. .. .. 5,065 10 6 5,187 15 7 5,621 8 4 15,874 14 5 40,004 I 10 50,803 6 7 49,032 3 4 139,839 11 9 Cr. £ s. d. £ s. d. £ s. d. £ s. d. By Balance carried down .. .. .. .. 34,938 11 4 45,615 11 0 43,410 15 0 123,964 17 4 34,938 11 4 45,615 11 0 43,410 15 0 123,964 17 4 £ s. d. £ s. d. £ s. d. £ s. d. By Excess of expenditure over income after charging interest 40,004 1 10 50,803 6 7 49,032 3 4 139,839 11 9 on capital —— —— ■————-— —-—-—-—-—-—-— •—— — 40,004 1 10 50,803 6 7 49,032 3 4 139,839 11 9 Cost per head of Territorials — £ s. d. £ s. d. £ s. d. £ s. d. Exclusive of Headquarters administrative expenses and 12 12 6 15 16 4 14 3 11 14 4 8 interest on capital Including Headquarters administrative expenses .. 1792 19174 17151 1862

Northern Command. Central Command. Southern Command. Total. Dr. . £ s. d. £ s. d. £ s. d. £ s. d. To Pay, military, civil, and Territorial .. .. .. 4,817 5 8 5,373 6 7 7,468 19 2 17,659 11 5 Clothing, stores, and ammunition .. .. .. 515 0 0 2,967 14 4 4,528 0 1 8,010 14 5 Medical fees, attention, and hospital charges .. .. 646 .. 110 756 Advertising, office expenses, printing, stationery, postage, 184 18 4 153 12 11 144 8 2 482 19 5 telegrams, telephones, repairs, cleaning, laundering, engraving trophies, &c. Hire and maintenance of drill-halls, offices, buildings, 82 16 1 306 0 4 7 10 5 396 6 10 parade-grounds, rifle ranges, camps, launches, &c. Rations, forage, fuel, light, and water .. .. 74 3 11 115 2 11 225 17 4 415 4 2 Subsidies to officers' clubs .. .. .. .. 37 10 0 37 10 0 75 0 0 150 0 0 Horses, hire and maintenance of .. .. .. 91 15 10 13 5 0 105 0 10 Stores lost, broken, destroyed, &c., and written off 24 18 1 51 7 0 42 16 6 119 1 7 Prizes for rifle shooting and entry fees for Empire Com- 55 1 2 35 1 2 45 1 2 135 3 6 petition Travelling allowances and expenses; rail, steamer, tram, 662 12 1 403 2 2 326 13 10 1,392 8 1 motor, and ferry fares ; freights, cartage, and motor 6,460 9 10 9,534 13 3 12,878 12 8 28,873 15 9 £ s. d. £ s. d. £ s. d. £ s. d. To Balance brought down .. .. .. .. 6,460 9 10 9,534 13 3 12,878 12 8 28,873 15 9 Interest on capital .. .. .. .. 1,254 2 2 1,361 11 11 2,067 17 2 4,683 11 3 7,714 12 0 10,896 5 2 14,946 9 10 33,557 7 0 Or. £ s. d. £ s. d. £ s. d. £ s. d. By Excess of expenditure over income carried down .. 6,460 9 10 9,534 13 3 12,878 12 8 28,873 15 9 6,460 9 10 9,534 13 3 12,878 12 8 28,873 15 9 £ s. d. £ s. d. £ s. d. £ s. d. By Excess of expenditure over income after charging interest 7,714 12 0 10,896 5 2 . 14,946 9 10 33,557 7 0 on capital 7,714 12 0 10,896 5 2 14,946 9 10 33,557 7 0 Cost per head of Senior Cadets— £ s. d. £ s. d. £ s. d. £ s. d. Exclusive of Headquarters Administrative expenses and 1 10 1 1 19 8 1 15 11 1 15 6 interest on capital Including Headquarters administrative expenses .. 669 608 571 5170

B. —1 [PT. IV],

DEFENCE DEPARTMENT—continued. Aviation Revenue Account foe the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s . d. To Pay, military and civil staff .. .. 13,904 3 7 By Pees under Air Navigation Act, 1931 .. 378 0 3 Advertising, printing, stationery, postage, tele- Rents received .. .. .. .. 523 6 5 grams, and telephones .. .. .. 414 5 8 Excess of expenditure over income, carried Travelling allowances and expenses, transport, down .. .. .. .. .. 43,448 19 4 freights, and cartage .. .. .. 1,446 5 1 Expenses and upkeep of aircraft, stores, clothing, &c. .. .. .. .. 6,697 3 5 Refresher courses (expenses of), including pay, rations, transport, &c., and oil and spirit consumed .. .. .. .. 2,566 4 0 Compensation and medical expenses .. 228 9 10 Maintenance of aerodromes and buildings, &c... 785 15 4 New Zealand's proportion of expenses on International Commission on Air Navigation .. 463 16 8 Uniform outfit and upkeep allowances .. 461 6 9 Aeroplanes crashed and written off .. .. 2,147 22 Stores damaged, broken, lost, &c., and written off .. .. .. .. 36 6 2 Civil aviation — £ s. d. Grants to clubs for training pilots .. .. .. 1,755 0 0 Landing-grounds, expenses incidental to .. .. 170 6 2 Proportion of pay of administrative staff .. .. 1,090 14 5 —: 3,016 0 7 Depreciation on— Buildings .. .. .. .. 3,559 15 10 Furniture .. .. .. .. 47 7 5 Aircraft, engines, power, machinery, and motor-vehicles .. .. .. 8,576 3 6 £44,350 6 0 £44,350 6 0 £ s. d. By Excess of expenditure over income after charg- £ s. d. To Balance brought down .. .. .. 43,448 19 4 ing interest on capital .. .. .. 55,876 16 6 Interest on capital .. .. .. 12,427 17 2 £55,876 16 6 £55,876 16 6 Aemy Ordnance Stores Revenue Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s. d. To Pay, military and civil .. .. .. 16,592 1 1 By Hire of stores .. .. .. .. 162 16 10 Medical fees and expenses .. .. .. 3 5 0 Excess of expenditure over income, carried Advertising, printing, stationery, postage, tele- down .. .. .. .. .. 36,870 14 0 grams, telephones, repairs, cleaning, and laundering .. .. .. .. 1,410 15 8 Maintenance of buildings, rations, forage, light, fuel, and water .. .. .. .. 1,321 4 2 Travelling allowances and expenses, removals, transport, freight, and cartage .. .. 622 17 6 Clothing, stores, and ammunition .. .. 451 7 9 Hire charges irrecoverable, written off .. 8 7 2 Stores damaged, lost, &c., now written off .. 1.010 2 8 Tents lent to Hawke's Bay earthquake sufferers worn out or lost and now written off .. 840 15 3 Loss on— Realization of surplus stores .. .. 3,199 8 0 Sale of rifles to rifle clubs .. .. 106 0 0 Trousers sold to Territorials .. .. 494 5 4 Unserviceable small-arms ammunition sold for breaking up .. .. .. 9,394 17 11 Depreciation on — Buildings .. .. .. .. 1,356 5 5 Furniture .. .. .. .. 145 15 1 Motor-vehicles .. .. .. .. 76 2 10 £37,033 10 10 £37,033 10 10 £ s. d. s. d. To Balance brought down .. .. .. 36,870 14 0 By Excess of expenditure over income after charging 120,191 18 3 Interest on capital .. .. .. 83,321 4 3 interest on capital £120,191 18 3 £120,191 18 3

B.—l [PT. IV],

DEFENCE DEPARTMENT—continued. " Janie Seddon " Launch Revenue Account fob the Year ended 31st March, 1934. £ s. d. £ s. d. To Pay of crew .. .. .. .. 1,194 12 5 By Hire of vessel .. .. .. .. 1,153 7 3 Deck and engine-room stores .. .. 205 6 6 Towing of targets .. .. .. .. 90 0 0 Fuel and water .. .. .. .. 257 1 6 Excess of expenditure over income, carried Maintenance, repairs, slip-dues, survey, &e. .. 168 16 9 down .. .. .. .. .. 842 16 5 License fees and telephone .. .. .. 36 5 0 Depreciation on vessel .. .. .. 224 1 6 £2,086 3 8 £2,086 3 8 £ s. d. By Excess of expenditure over income after charging £ s. d. To Balance brought down .. .. .. 842 16 5 interest on capital .. .. .. 1,010 17 7 Interest on capital .. .. .. 168 1 2 £1,010 17 7 £1,010 17 7 Balance-sheet as at 31st March, 1934. Liabilities. Assets. £ s. d. Capital Account—- £ s. d. £ s. d. Land .. .. .. .. .. 320,939 11 10 Public Works Fund .. 898,787 0 5 Buildings .. .. .. .. .. 586,340 1 2 Consolidated Fund .. 2,511,827 9 3 Military stores and equipment— 3,410,614 9 8 Armament, heavy-gun and £ s. d. Value of gift assets .. .. 17,330 0 0 small-arms ammunition .. 968,987 9 5 Ordnance Depot stocks at 3,427,944 9 8 vocabulary prices .. 1,253,821 16 2 Creditors— Unit equipment and clothing Departmental .. .. 3,994 4 8 stocks .. .. 314,474 11 10 Sundry .. .. .. 4,466 17 10 Air and marine craft, avia8,461 2 6 tion equipment, and stores 133,194 10 5 Rents received in advance .. .. .. 112 12 11 2,670,478 7 10 Depreciation Reserve Account .. .. 172,905 15 4 Horses .. .. .. .. 2,129 13 6 Stores Depreciation Reserve Account .. .. 178,067 19 2 Army Service Corps supplies.. .. 279 11 2 Aviation Depreciation Reserve Account .. 29,719 5 1 Office furniture .. .. .. 15,240 7 2 Nelson Rifle Prize Fund .. .. .. 1,089 5 5 Mechanical office appliances .. .. 5,435 17 10 Writings-off, Suspense Account .. .. 17,642 14 8 Libraries .. .. .. .. 1,158 7 5 Treasury Adjustment Account .. .. 306,948 6 8 Stationery and publications .. .. 4,867 10 9 Stamps .. .. .. .. 234 19 4 Medals and decorations .. .. 4,307 3 11 Defence vessel " Janie Seddon" 3,734 11 10 Consumable stores on board 19 14 * 3 3,754 6 1 Wireless installation, shortwave .. .. .. .. 555 10 3 Rents accrued .. .. .. 390 19 5 Debtors—■ Departmental .. .. 98 19 1 Sundry .. .. .. 189 7 2 288 6 3 Fire Loss Suspense Account .. .. 3,140 8 10 Assets in Suspense .. .. .. 17,642 14 8 Nelson Rifle Prize Fund .. 1,000 0 0 Balance of interest on same 89 5 5 1,089 5 5 Excess of expenditure over income— Aviation Revenue Account 55,876 16 6 Ordnance Revenue Account 120,191 18 3 "Janie Seddon" Revenue Account .. .. 1,010 17 7 Headquarters Revenue Account.. .. .. 154,141 17 6 Territorial Revenue Account 139,839 11 9 Cadets Revenue Account .. 33,557 7 0 504,618 8 7 £4,142,891 11 5 £4,142,891 11 5 H, Turner, Under-Secretary of Defence. L. C. Forgie, Accountant. I hereby certify that the 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, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV].

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. Payments. To Balance as at Ist April, 1933— £ s. d. £ s. d. By Annual Appropriations— £ s. d. £ s. d. Cash .. .. .. 106,908 2 4 Vote Expenses of ManageImprests outstanding .. 5,373 711 ment — Investment Account .. 148,087 10 7 Administration.. .. 37,000 0 0 260,369 0 10 Repairs to property .. 39 0 0 Credits in reduction of ex- 37 Qgg q 0 penditure under section 9, Expenditure under section 9 Discharged Soldiers of the Discharged Soldiers Settlement, Act, 1915— Settlement Act, 1915— Transfer and production Miscellaneous expenditure fees .. .. .. 255 17 0 on properties acquired Valuation fees .. .. 14 13 6 by the Crown .. 5,598 7 7 Miscellaneous recoveries on Printing and stationery .. 139 8 0 account of properties ac- Travelling-expenses of Inquired by the Crown .. 421 8 6 speotors of Securities .. 512 4 5 Sundries .. .. 139 17 2 Valuation expenses and fees 7 7 0 831 16 2 Audit fees .. 700 0 0 Repayments in respect of ad- Payments on account of vances under sections 6 McGregor Block .. 476 19 0 and 9, Discharged Sol- 7 434 g q diers Settlement Act, Advances under sections 6 1915, &c. — and 9, Discharged Current Account .. 455,254 5 6 Soldiers Settlement Act, Farms, orchards, &c. .. 82,970 17 8 1915 — Dwellings, business pre- ' Current account .. 347,375 12 8 mises, &c. .. .. 197,537 1 5 Farms, orchards, &c. .. 6,343 5 8 Buildings Account .. 620 14 4 Dwellings; business preSale of live and dead stock 3,980 6 0 mises, &c. .. .. 4,891 19 0 Miscellaneous advances .. 4,341 13 5 Miscellaneous advances .. 5,699 2 6 Receipts on account of pro- Capital expenditure on properties held by Crown— perties acquired by the Freehold .. .. 6,63414 4 Crown— Leasehold .. .. 1,979 10 7 Freehold .. .. 7,194 19 1 Receipts from working of Leasehold .. .. 335 9 9 properties acquired by Expenditure in connection Crown .. .. 4,484 19 3 with properties in course Receipts on account of pro- of realization .. .. 7,164 5 5 perties in course of reali- Payments of instalments on zation .. .. 11,331 6 4 State Advances mortSales of properties on de- gages .. .. 180 13 7 ferred payment .. 156 6 11 Purchase of live and dead 769,291 15 9 stock .. .. 1,984 0 11 Interest in respect of advances Expenses of working prounder sections 6 and 9, perties acquired by Crown 3,234 3 6 Discharged Soldiers Set- Purchase of grazing for tlement Act, 1915, &c. — Crown tenants .. 200 4 9 Current account .. 73,956 2 0 384,603 16 10 Dwellings .. .. 209,322 18 2 Suspense Account: Amounts Farms .. .. 203,577 12 3 allocated— Buildings .. .. 603 5 11 Fire Loss Suspense Account 4,863 11 5 Interest on sales of pro- Suspense Account .. 11,289 10 4 perties on deferred pay- -—-—— ... 10 153 1 9 ment .. .. 82 7 8 Interest recouped to the ConMiscellaneous .. .. 99 5 2 solidated Fund— 487,641 11 2 Interest on transfer from Discharged Soldiers Settle- Consolidated Fund .. 200,000 0 0 ment Amendment Act, Interest on debentures .. 167,500 0 0 1921—22, sections 4, 11, Interest on advances oband 13, &o. : Sundry tained by hypothecation debtors for rents .. .. 26,684 9 4 of securities .. .. 133,693 3 0 Merged transactions under 501,193 3 0 section 20, Discharged Repayment of advances obtained by hypotheSoldiers Settlement cation of securities .. .. .. 200,000 0 0 Amendment Act, 1923, Transfer of capital moneys standing to credit &c. — of account : Section 7 (1), Finance Act, 1931 Section 20 (3)— (No. 4) .. .. .... 2,000,000 0 0 Principal instalments .. 357 0 1 Management charges of consolidated stock .. 78 11 0 Interest instalments .. 1,090 10 7 Stamp duty on transfers of consolidated stock 69 3 2 Section 20 (4) : Property, Charges and expenses of raising loans .. 164 9 10 freehold .. .. 255 0 0 Balance as at 31st March, Section 20 (5): Principal 1934 — £ s. d. instalments .. .. 44 15 5 Cash .. .. .. 420,145 9 10 • 1,747 6 1 Imprests outstanding .. 7,630 13 2 Suspense Account: Receipts Investment Account .. 192 10 7 awaiting allocation — 427,968 13 7 Fire Loss Suspense .. 11,718 10 0 Suspense Account .. 7,090 8 5 18,808 18 5 Finance Act, 1931 (No. 4), section 7 (2) : Advances obtained bv hypothecation of securities .. .. .. 2,000,000 0 0 Interest on investments ~ .. .. 9,329 7 5 £3,574,704 5 2 £3,574,704 5 2

4—B. 1 [PT. IV].

B.—l [PT. IV].

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT — continued. Revenue Account for the Year ended 31st March, 1934. To Interest and sundry charges re £ s. d. £ s. d. By Interest on advances— £ s. d. £ s. d. loans — Current Account .. .. 92,742 2 0 Hypothecation of securities .. 133,693 3 0 Farms, &c. .. .. 311,758 15 8 Interest on debentures .. 150,882 5 10 Dwellings .. .. 240,535 6 3 Interest on amount transferred Merged interests .. .. 1,736 3 3 from Consolidated Fund .. 323,424 13 1 Buildings .. .. 1,156 8 6 Interest on redemptions from Sales .. .. .. 92 10 5 Public Debt Repayment Miscellaneous .. .. 124 15 8 Account .. .. 31,116 13 7 648,146 1 9 Management charges of stock 78 11 0 Rents and royalties from properties acquired by Stamp duty on transfers .. 69 3 2 the Crown .. .. .. .. 42,390 14 2 Charges and expenses of rais- Interest on surplus funds temporarily invested 7,958 12 1 ing loans: Issues on re- Profit on disposal of properties .. .. 1,068 7 9 newal and conversion .. 164 910 Transfer and production fees .. .. 255 11 6 639,428 19 6 Valuation fees .. .. .. .. 14 13 6 Expenses of management— Miscellaneous .. .. .. .. 46 16 5 Costs recouped to vote, Lands Profit on working farms acquired by the Crown 1,253 911 and Survey .. .. 37,000 0 0 Balance, loss for year, carried down .. .. 152,614 14 5 Rebates .. .. ..25,260 29 Miscellaneous expenditure on Crown properties .. 4,953 1 6 Audit fees .. .. 700 0 0 Travelling-expenses . . 540 9 5 Printing and stationery . . 139 8 0 Valuation expenses . . 7 7 0 Commission .. .. 55 10 8 Miscellaneous .. . . 0 8 7 68,656 7 11 Remissions — Land Board recommendations 39,431 19 5 Dominion Revaluation Board 1,582 7 9 Under Deteriorated Land Act, 1925 .. .. .. 11 3 9 Under Mortgagors and Tenants Relief Act, 1933 .. 2,929 17 4 43,955 8 3 Reduction in value of securities— Losses on realization : Writ-ings-off in Suspense .. 74,311 8 2 Losses on properties acquired by the Crown .. .. 17,380 16 4 Writings-off under section 4, Discharged Soldiers Settlement Amendment Act, 1924 49 15 3 Reduction of mortgages, &c., by Dominion Revaluation Board.. .. .. 9,416 13 7 Reduction in capita! value of leases under section 216, Land Act, 1924 .. .. 205 0 0 Depreciation in value of Native lease: McGregor Block .. .. .. 344 12 6 101,708 5 10 £853,749 1 6 £853,749 ] 6 £ s - d. £ s . d. To Balance : Loss for year, brought down .. 152,614 14 5 By Adjustment on account previous year .. 165 14 5 Adjustment previous years .. .. 287 7 8 Balance : Accumulated loss to 31st March, 1934 740,810 11 6 Balance forward from previous year .. 588,074 3 10 £740,976 5 11 £740,976 5 11

B.—l [PT. IV],

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT— continued. Balance-sheet as at 31st March, 1934. Liabilities. Assets. Capital— £ s. d. £ s. d. Advances on mortgages— £ s. d. £ s. d. Transfer from Consoli- Current account.. .. 1,651,084 18 10 dated Fund at 4 per Farms, orchards, &c. .. 5,893,588 11 6 cent. .. .. 13,500,000 0 0 Dwellings, business preReduction under section mises, &c. .. .. 4,490,687 0 0 22, Finance Act, 1927 12,035,360 16 4 (No. 2) .. .. 2,650,000 0 0 Land leased under sections 4 and 5 of Discharged Soldiers Settlement Amendment Act, 10,850,000 0 0 1921-22 .. .. .. .. 458,635 13 8 Less repaid as per Buildings : Unpaid purchase price (not yet payFinance Act, 1931 able) of buildings on Crown properties .. 21,623 6 6 (No. 4) .. .. 4,850,000 0 0 Sundry advances merged with value of Crown lands (section 20, Discharged Soldiers Settle--6,000,000 0 0 ment Amendment Act, 1923) .. .. 36,484 19 4 Depreciation Fund .. 46,160 0 0 Deferred-payment sales under section 9, DisRedemptions from Public charged Soldiers Settlement Amendment Act, Debt Repayment Ac- 1921-22 .. .. .. .. 1,512 0 3 count .. .. 777,916 19 8 Realization Account: Properties in course of Debentures issued (at 3J realization .. .. .. .. 190,896 6 1 percent., £416,130; at Properties acquired by the 3f per cent., £136,500; at Crown — £ s. d. 4 per cent., £2,956,880; Freehold.. .. .. 547,650 15 0 at 5 per cent., £255,495 Leasehold .. .. 88,876 1 7 16s. Bd.; at 5J per cent., 636,526 16 7 £600) .. .. 3,765,605 16 8 Live and dead stock .. .. .. 12,227 1 1 Hypothecation of seeuri- Current Account Advances Suspense: Secties, section 7 (2), Fi- tion 3 (3) (b), Discharged Soldiers Settlement nance Act, 1931 (No. 4), Amendment Act, 1924 .. .. .. 500 0 0 at 5 per cent. .. 4,050,000 0 0 Sundry debtors for principal 14,639,682 16 4 instalments — £ s. d. Sundry creditors for interest— Farms Account .. ..184,811 9 9 Interest due and unpaid Dwellings Account .. 109,470 14 8 on debentures .. 1,067 110 Merged transactions .. 1,580 4 1 Interest due and unpaid Buildings Account .. 1,580 10 5 on transfer from Con- Deferred-payment sales .. 13 5 solidated Fund .. 828,761 12 10 297,444 2 4 Interest accrued on trans- Sundry debtors for interest— fer from Consolidated Current account .. .. 114,478 7 6 Fund .. .. 25,863 0 3 Farms Account .. .. 281,423 8 9 Interest accrued on de- Dwellings Account .. 51,557 5 8 bentures .. .. 38,202 16 7 Merged transactions .. 4,832 911 Interest on redemptions Buildings Account .. 1,409 13 5 from Public Debt Re- Deferred-payment sales . . 16 14 4 payment Account .. 37,510 10 4 Miscellaneous advances .. 68 6 6 931,405 I 10 453,786 6 1 Sundry creditors — Miscel- Sundry debtors for— laneous services— Rents of properties .. 44,046 5 3 Miscellaneous .. .. 7,668 15 6 Miscellaneous advances .. 2,682 16 11 Departmental .. .. 43 5 3 Departmental ;. .. 1.272 0 2 7,712 0 9 48,001 2 4 State Advances Office : Mortgages taken over 1,185 3 11 Postponements — Miscellaneous credit balances on Under Discharged Soldiers debtors' accounts — £ s. d. Settlement Acts, &c. — Advances, current account .. 6,752 16 11 Instalments of principal— Principal instalments: Farms, Farms .. .. 44,376 14 4 &c. .. .. .. 322 6 6 Dwellings .. .. 2,334 11 6 Principal instalments: Dwel- Buildings .. . . 40 14 7 lings, &c... .. .. 613 610 Interest— Miscellaneous advances .. 230 14 0 Current account .. 6,396 19 2 Advances: Live and dead stock 97 3 10 Farms .. .. 71,360 13 7 Interest— Dwellings .. .. 1,292 17 10 Current account .. .. 56 15 5 Buildings .. .. 31 12 7 Farms, &c. .. .. 1,475 5 3 Rent .. .. 2,301 16 11 Dwellings .. .. 650 10 0 128,136 0 6 Buildings .. .. 0 14 10 Miscellaneous .. .. 0 3 10 Under Mortgagors and Ten-Deferred-payment sales .. 110 ants Relief Act, 1933— Rents .. .. .. 248 13 8 Instalments of principal— 10,449 12 1 Farms .. .. 1,739 2 4 Rents charged in advance .. .. 5,974 12 9 Dwellings .. .. 58 4 6 Interest charged in advance .. .. 116 9 10 Interest— Suspense Accounts — Farms .. .. 1,556 19 0 Fire Loss Account .. .. 5,753 12 4 Dwellings .. .. 38 14 6 Receipts unallocated.. .. 2,560 6 1 Current account .. 548 16 11 Surpluses on realization not yet Rent .. .. 64 10 0 allocated .. .. 876 4 6 4,006 7 3 9,190 2 11 Interest on advances accrued but not due .. 104,510 2 11 Carried forward .. .. .. 15,605,716 0 5 Carried forward .. .. .. 14,429,651 1 3

B.—l [PT. IV],

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT—continued. Balance-sheet as at 31st March, 1934 —continued. , , £ s. d. £ s. d. Brought forward .. .. 16,605,716 0 5 Brought forward .. .. .. 14,429,651 1 3 Writings-ofi in Suspense .. .. .. 48,990 12 0 Consolidated Fund: Debenture interest overLiabilities discharged under section 22, Finance recouped .. .. .. .. 6 435 6 11 Act, 1927 (No. 2), to write off accumulated Interest on investments due and unpaid .. 713 2 7 losses, as per contra .. .. .. 3,969,759 10 11 Interest on investments accrued but not due .. 019 8 Losses in Suspense .. .. .. 48,990 12 0 Cash — Deposits Account — Miscellaneous — Receipts awaiting allocation .. .. 136 4 11 Cash balance— £ s. d. In Public Account .. 420,145 9 10 Imprests outstanding .. 7,630 13 2 Investment Account .. 192 10 7 427,968 13 7 Revenue Account: Accumulated loss .. 740,81011 6 Accumulated losses written off under section 22, Finance Act, 1927 (No. 2) .. .. 3,969,759 10 11 £19,624,466 3 4 £19,624,466 3 4 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the comment that no charge for the cost of exchange on payments made in London is included in the account and to the accounts of the Canterbury Land District, the audit of which has not yet been completed by the local Audit Inspector, being in agreement with the Head Office books.—G. F. C. Campbell, Controller and Auditor-General.

B.—l [Pt. IV].

ELECTORAL DEPARTMENT. Income and Expenditueb Account fob the Year ended 31st March, 1934. mq i Expenditure. £ s . d. InC ome. £ s . d. To Salaries .. .. .. .. .. 3,771 14 6By Miscellaneous revenue .. .. .. 34 18 4 By-elections, expenses of .. .. .. 786 4 6 Balance carried down .. 6 889 17 5 Registration of electors: Payment to Post- " ' u masters .. .. " .. .. ISO 0 0 Postage and telegrams .. .. .. 439 19 4 Printing and stationery .. .. .. 106 14 6 R ent .. .. .. .. 713 n 6 Sundries .. .. .. .. .. 98 6 10 Writings-off in Suspense .. .. .. 3 18 9 Depreciation .. .. .. .. 854 5 10 £6 ' 924 15 9 f6,924 15 9 To Balance brought down .. .. .. 6,889 17 sBy Depreciation overcharged previous year .. 70 4 8 Interest on capital .. .. .. .. 620 1 0 Balance carried to Balance-sheet .. .. 7,439 13 9 £7,509 18 5 £7,509 18 5 Balance-sheet as at 31st Maech, 1934. Liabilities. £ s . d. Assets. £ s . d. Capital .. .. .. ~ .. 13,726 18 4 Furniture and fittings .. .. .. 11,372 11 10 Creditors £ s . d. Mechanical appliances .. .. 241 8 0 Sundry .. .. .. 17 3 5 Stock of rolls .. .. .. .. 2 073 5 0 Departmental .. ~ 30 18 0 Stock of maps .. .. ~ _ ' 39 13 6 . . 48 1 5 Losses in Suspense .. .. .. .. 318 9 Depreciation Reserve .. .. .. 10,405 19 9 Treasury Adjustment Account .. .. 3 014 7 5 Writings-off m Suspense .. .. .. 318 9 Excess of expenditure over income .. .. 7,439 13 9 £24,184 18 3 £24,184 18 3 « h r ar ges are included for which the Department possesses no parliamentary appropriation, viz.: {a) Kental assessed by Public Works Department; (6) interest on capital. G. G. Hodgkins, Chief Electoral Officer. G. 0. Hall, 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.—J. H. Fowlee, Deputy Controller and Auditor-General.

B.—l [Pt. IV]

ELECTRIC SUPPLY ACCOUNT. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1934. General Balance-sheet at 31st March, 1934, compared with Position at 31st March, 1933.

1932-33. Liabilities. 1933-34. |[ 1932-33. | Assets. j 1933-34. I i' ... I . I ' £ 8. d. Aid to Water-power Works and Electric £ s. d. £ s. d. £ s. d. Lake Coleridge scheme — £ s. d. £ s. d. Supply Accounts — ■ 2,101,223 16 3 Assets as per separate balance-sheet .. 2,128,166 18 11 Debentures Stock issued — 91,947 4 11 Investments, Sinking Fund .. .. 102,222 0 9 At 3 per cent, interest .. .. 360,000 0 0 2,230,388 19 9 At 3J per cent, interest .. .. 1,000,000 0 0 2,193,171 1 2 At 3J per cent, interest .. .. 433,155 0 0 1,700 0 0 At 4 per cent, interest .. .. 1,957,790 0 0 2,649,713 18 0 At 4J per cent, interest .. .. 2,623,913 18 0 Horahora-Arapuni scheme — 4,873,439 6 10 At 5 per cent, interest .. .. 3,670,219 6 10 4,764,065 10 2 Assets as per separate balance-sheet .. 4,824,392 19 0 739,480 0 0 At 5| per cent, interest .. .. j .. 11,937 7 9 Investments, Sinking Fund .. .. 6,053 5 9 1,171,800 0 0 At 5J per cent, interest .. .. 5,400 0 0 120,353 17 3 Profit and Loss Account —Loss to date .. 151,396 8 6 1,884,642 6 3 At 6 per cent, interest .. .. 11,884,642 6 3 4.981.S42 13 3 Debentures not yet converted .. .. 150 0 0 4,896.356 15 2 11,935,270 11 1 11,320,775 11 1 Mangahao-Waikaremoana scheme — 3,824,534 8 2 Assets as per separate balance-sheet .. 3,854,131 0 6 487,609 5 7 Profit and Loss Account —Loss to date .. 425,023 19 5 4,279,154 19 11 Waihi Gold-mining Co., Ltd. — 4,312,143 13 9 212,500 0 0 Purchase of Horahora works —Deed of .. 212,500 0 0 security at 5J per cent, interest. (Due 1/11/1934) Waitaki River scheme — 577,718 15 0 Headworks .. .. .. .. 809,890 3 10 538,484 17 3 Power-house, machinery, &c. .. .. 569,548 8 6 Consolidated Fund — 36,049 18 7 Accommodation of workmen .. .. 26,707 17 3 119,323 1 8 Interest accrued on loans to 31st March, 125,900 8 1 26,588 6 11 Transmission-lines and substations .. 28,754 16 5 1934 167,952 2 11 Service-line, roads, land, staff village, &c. 171,759 13 9 590 0 8 Sundry creditors for interest unclaimed .. 59 8 6 280,140 15 10 Interest and loan charges .. . . 364,232 18 1 125,959 16 7 39,737 6 5 Stocks .. .. .. .. 47,948 11 6 119 913 2 4 489 7 0 Sundrv debtors .. .. .. 2,901 19 5 ' 2,021,744 8 9 1,667,161 9 11 Electric Supply Sinking Fund Account— 19,522 19 1 Amount due under section 23, Finance Act, : .. 26,727 9 2 Other schemes, surveys, &c. — 1928 4,559 3 3 North Island .. .. .. 5,728 17 10 11,391 2 0 South Island .. .. .. 10,433 1 5 21,674 3 10 Amount, set aside as reserve to cover differ- .. 28,333 3 3 — 16,161 19 3 ence between interest payable on loans 15,950 5 3 raised and interest earned from their temporary investment pending use 11,694,385 16 4 Carried forward .. .. ... 12,328,791 0 1 13,084,783 5 3 Carried forward .. .. .. 13,529,293 0 10

ELECTRIC SUPPLY ACCOUNT— continued. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1934—continued. General Balance-sheet at 31st March, 1934, compared with Position at 31st March, 1933— continued.

E. L. Greensmith, Accountant, Public Works Department. I hereby certify that the General Balance-sheet has been duly compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby, subject to the above departmental note.— J. H. Fowler. Deputy Controller and Auditor-General.

B.—l [Pt. IV],

1932-33. Liabilities. | 1933-34. 1932-33. Assets. 1933-34. £ s * d. £ s. d. ! £ s. d. £ s. d. £ s. d. £ s. d. 11,694,385 16 4 Brought forward .. .. .. 12,328,791 0 1 13,084,783 5 3 Brought forward .. .. .. 13,529,293 0 10 Sundry Creditors Balance in Electric Supply Account at the 57,194 10 9 Horahora-Arapuni scheme .. .. 55,493 1 11 end of year 12,61115 1 Lake Coleridge scheme .. .. 10,138 3 7 128,295 11 4 Cash in Public Account .. .. 408,606 11 7 9,054 14 11 Mangahao-Waikaremoana scheme .. 8,939 9 9 22 12 2 In hands of Government officers in New 37 11 3 18,083 9 9 Waitaki scheme .. .. .. 23,217 10 5 Zealand North Island surveys .. .. .. 121 1 11 1,111 8 0 In hands of Government officers in 7,615 7 6 „ 97,909 7 7 London 416,259 10 4 96,944 10 6 129,429 11 6 Depreciation Reserve — 283,822 17 2 Horahora-Arapuni scheme .. .. 370,482 16 8 244,866 17 11 Lake Coleridge scheme .. .. 244,501 16 1 New Zealand Loans Act, 1932, Section 61— 419,256 8 5 Mangahao-Waikaremoana scheme .. 424,337 16 1 Charges and expenses of raising loans — o ~a — 1,039,322 8 10 .. Issues in renewal and conversion .. 52,425 0 0 947,946 3 6 _ Premiums on conversion .. .. 17,070 0 0 — 69,495 0 0 | Writings -off in Suspense — 17 17 9 Lake Coleridge scheme 2 18 7 Mangahao-Waikaremoana scheme ~ ~ .. 4,000 0 0 Investment Account (funds invested until actually required for use) * Sinking Fund Reserve — 160,110 0 0 Amount utilized for redemption of loans 160,110 0 0 124,423 9 4 Available for further redemptions .. 129,095 17 0 ~~~ "I 289,205 17 0 21 810 Interest accrued on investments to 31st 284,533 9 4 March; 1933 1,071 12 7 Sundry debtors for interest due but unpaid.. 19 5 9 " 19 5 9 Keserve i und — 195,475 2 2 Lake Coleridge scheme .. .. .. 259,838 3 5 1,093 1 5 £13,219,305 18 2 1 Total .. .. .. j .. £14,015,066 16 11 £13,219,305 18 2 Total .. .. .. .. £14,015,066 16 11 = 1 I 1; Note. —No charge for the cost of exchange on payments made in London is included.

B. —1 [Pt. IV].

ELECTRIC SUPPLY ACCOUNT—continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1934, compared with Year ended 31st March, 1933.

Gross Revenue Account. 1932-33. 1933-34. 1932-33. 1933-34. £ s. d. £ s. d. £ s. d. £ s. d. By Sale of energy — £ s. d. £ s. d. 7,930 3 11 To Generating - expenses, headworks, and .. 8,232 12 4 211,083 16 3 Wholesale .. .. .. 217,303 12 6 power- house 33 5 3 Retail .. .. .. .. 35 8 7 9,934 7 4 Transmission-lines, maintenance, &e. .. .. 5,698 18 1 217,339 1 1 3,359 15 0 Substation, Addington, operation and main- .. 3,500 3 7 211,117 1 6 tenance 20,803 18 6 Diesel station, Lyttelton .. .. -• 6,831 16 5 11 7 8 Discounts forfeited, &c. .. .. .. 44 8 1 6,891 14 3 Distribution .. .. .. .. •• 7,003 7 9 8,859 13 7 Management and general expenses .. .. 8,081 4 4 57,779 12 7 39,348 2 6 1,620 8 8 Rents — 155'565 4 3 Balance, to Net Revenue Account .. .. 180,143 16 7 190 14 9 Land and buildings . .. 1,598 12 9 270 12 5 Electric lines .. .. .. 192 7 0 Electric plant .. .. .. 203 8 8 2,081 15 10 1,994 8 5 134 11 10 Eees for testing and repairing electrical ap- .. 114 1 6 pliances and earnings of motor-vehicles £213,344 16 10"; £219,491 19 1 £213,344 16 10 :£219,491 19 1 Net Revenue Account. £ s. d. £ s - d. £ s. d. £ s. d. £ s. d. 29,552 2 8 To Depreciation on completed work .. .. .. 11,351 5 5 155,565 4 3 By Balance from Gross Revenue Account .. .. 180,143 16 7 84,248 10 6 Interest for year ended 31st March .. .. 83,608 19 5 41,764 11 1 Balance, to Profit and Loss Appropriation Account .. 85,183 11 9 £155,565 4 3 £180,143 16 7 £155,565 4 3 £180,143 16 7 i c

s—B. 1 [Pt. TV],

B.—l [Pt. IV].

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

Profit and Loss Appropriation Account. 1932-33. I 1933-34. 1932-33. 1933-34. — — — , ! £ s - d - £ s. d. £ s. d. £ s d 20,o38 16 8 To Sinking Fund Reserve Account.. .. .. .. 20,820 10 6 j 41,764 11 1 By Balance from Net Revenue Account .. .. .. 85 183 li 9 21,225 14 5 General Reserve Account .. .. .. .. 64,363 1 3 £41,764 11 1 £85,183 11 9 j £41,764 11 1 £85,183 11 9 Depreciation Reserve Account. £ s. d. I To Amounts written off — £ s. d. £ s. d. £ s d 4,907 14 10 ; Motor-vehicles, tools, plant, &c. .. .. .. 21,511 0 9 211,752 8 2 By Balance from previous year's statement.. .. . *?44 866 17 11 244,866 17 11 j Balance .. .. .. .. .. .. 244,501 16 1 8,470 1 11 Interest at 4 per cent, per annum .. .. .. 13 6 29,552 2 8 Amount set aside as per Net Revenue Account .. .. 11,351 5 5 £249,774 12 9 £266,012 16 10 j£249,774 12 9 l£266 012 16 10 '—i — —. 1 L General Reserve Account. £ s - d. £ s. d. £ s. d. £ s. d. 195,475 2 2 To Balance .. .. .. .. .. 259,838 3 5 | 174,249 7 9 By Balance at close of previous year .. .. .. 195,475 2 2 21,225 14 5 Amount set aside as per Profit and Loss Appropriation ! 64'363 1 3 Account £195,475 2 2 £259,838 3 5 :£195,475 2 2 £259,838 3 5 Sinking Fund Reserve Account. ~ s - d. £ s. d. £ s. d. £ s d To Adjustment, amount over-credited previous years.. .. 13,437 0 4 193,865 8 4 By Balance at close of previous year .. .. .. 222 828 i 7* 222,828 1 7 Balance .. .. .. .. .. .. j 233,384 11 3 20,538 16 8 Amount set aside as per Profit and Loss Appropriation 20,'820 10 6 Account 8,423 16 7 Interest .. .. .. .. .. 3 172 19 g £222,828 1 7 £246,821 11 7 £222,828 1 7 £246,821 11 7 ~ ~ i~~" ' '■ " = !

B.—l [PT. IV].

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY —continued. Balance-sheet at 31st March, 1934.

1932-33. Liabilities. \ 1933-34. ! 1932-33. Assets. \ 1933-34. £ s. d. £ s. d. £ s. d. £ s. d. Works at Lake Coleridge — £ s. d. £ s. d. 244,866 17 11 Depreciation Reserve .. .. .. .. 244,501 16 1 784,652 11 7 Headworks, power-house machinery, build- .. 781,392 13 11 ings, &c. 195,475 2 2 Reserve Fund .. .. .. .. .. 259,838 3 5 j 540,554 16 6 Transmission-lines .. .. .. .. 537,554 10 2 Sinking Fund — 110,342 0 0 Amount utilized for redemption of loans .. 110,342 0 0 112,486 1 7 Available for further redemptions .. 123,042 11 3 131,840 7 11 Substation, Addington .. .. .. .. 159,566 11 11 —— 233,384 11 3 97,439 8 5 Diesel station, Lyttelton .. .. .. .. 97,197 14 5 222,828 1 7 218,740 10 6 Distribution .. .. .. .. .. 228,431 6 10 9,393 2 6 Service transformers and meters .. .. .. 4,928 4 5 27,232 5 9 Plant, equipment, &c. .. .. .. .. 28,369 19 3 Sundry creditors — 113,842 15 2 Salaries, and engineering, office, and general .. 114,128 13 4 7,881 5 8 Public Works Department .. .. 5,505 7 1 expenses on preliminary surveys and con491 0 4 Other Government Departments .. 211 14 8 struetion 4,239 9 1 Non-departmental .. .. .. 4,421 1 10 43,347 5 3 Cost of raising loans .. .. .. .. 42,073 14 6 10,138 3 7 86,840 6 2 Interest during construction .. .. .. 88.408 18 9 12,611 15 1 ! 2,053,883 9 9 2,082,052 7 6 17 17 9 Writings-off in suspense .. 21,237 3 9 Stocks of material .. .. .. .. 18,068 6 9 1,517,371 6 8 Head Office Account .. .. .. .. 1,482,526 5 4 26,061 19 2 Sundry debtors .. .. .. .. .. 28,020 15 8 41 3 7 Payments in advance .. .. .. .. 25 9 0 91,947 4 11 Sinking-fund investments .. .. .. .. 102,222 0 9 £2,193,171 1 2 £2,230,388 19 8 £2,193,171 1 2 : £2,230,388 19 8

B.—l [Pt. IV]

ELECTRIC SUPPLY ACCOUNT— continued. MANGAHAO-WAIKAREMOANA ELECTRIC-POWER SUPPLY. Profit and Loss Account for the Year ended 31st March, 1934, compared with Year ended 31st March, 1933.

Gross Revenue Account. 1932-33. 1933-34. j 1932-33. 1933-34. £ s. d. To Generating - expenses, headworks, and £ s. d. £ s. d. £ s. d. By Sales of energy — £ s. d. £ s. d. power-house— 308,848 1 8 Wholesale consumers .. .. 319,632 6 10 7,100 1 1 Mangahao .. .. .. 8,600 4 7 758 5 4 Retail consumers.. .. .. 808 7 4 7,388 19 5 Waikaremoana .. .. .. 8,500 5 9 320 440 24 2 — — 17,100 10 4 309,606 7 0 14,489 0 6 14,528 3 3 Transmission - lines, patrol mainten- .. 13,215 17 7 Bents — ance, &c. 3,068 1 10 Cottages, &c. .. .. .. 3,111 7 11 8,403 18 10 Substations — Operating maintenance, .. 7,443 10 7 187 13 6 Poles, land, and plant .. .. 94 3 0 &c. 3 2Q5 10 u Management and general — 3,255 15 4 ' 16,485 10 7 Salaries, office expenses, accident, .. 15,482 0 3 sick, and holiday pay, postages, &c. 40 6 1 Tests and inspections .. .. .. 67 15 2 — 440 0 0 Penalties .. ,. .. .. .. 285 12 0 53,906 13 2 53,241 18 9 i 259,435 15 3 Balance, to Net Bevenue Account .. .. 270,757 13 6 £313,342 8 5 £323,999 12 3 £313,342 8 5 £323,999 12 3 Net Revenue Account. £ s. d. £ s. d. | £ s. d. £ s d 52,645 9 9 ; To Depreciation on completed works .. .. .. .. 259,435 15 3 , By Balance from Gross Bevenue Account .. .. 270 757 13* 6 209,775 12 0; Interest for year ended 31st March, 1934 .. .. 208,172 7 4 2,985 6 6 Balance to Profit and Loss Appropriation Account .. ' j Balance to Profit and Loss Appropriation Account 62,585 6 2 £262,421 1 9 £270,757 13 6 £262,421 1 9 | £270,757 13 6" Profit and Loss Appropriation Account. £ s. d. £ s. d. ! £ s. d. £ s d 484,623 19 1 j To Balance from previous year .. .. ... 487,609 5 7 .. By Balance from Net Revenue Account .. .. 62 585 6 2 2,985 6 6 Balance from Net Bevenue Account .. .. .. 487,609 5 7 ; Balance .. .. .. .. .. . 42ō'o23 19 5 £487, 609 5 7 j £487, 609 5 7 £487, 609 5 7 j £487 609 5 7

B.—l [PT. IV].

ELECTRIC SUPPLY ACCOUNT— continued. MAN GAHAO- WAIKAREMO ANA ELECTRIC-POWER SUPPLY— continued. Profit and Loss Account for the Year ended 31st March, 1934, compared with Year ended 31st March, 1933— continued. Depreciation Reserve Account.

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.

Balance-sheet as at 31st March, 1934.

1932-33. I 1933-34. 1932-33. j 1933-34. £ s * £ s. d. £ s. d. £ s . d. 4,239 9 1 To Replacements, renewals, &c. .. .. .. .. 11,688 17 6 355,122 9 9 By Balance at close of previous year .. .. .. 419,256 8 5 419,256 8 5 Balance .. .. .. .. .. .. j 424,337 16 1 14,204 18 0 Interest at 4 per cent, per annum .. .. .. 16,770 5 2 i 52,645 9 9 Amount set aside as per Net Revenue Account .. 1,523 0 0 Depreciation Fund taken over from Arapuni I ? I ( £423,495 17 6 ! £436,026 13 7 £423,495 17 6 £436,026 13 7 | i • = |

1932-33. Liabilities. 1933-34. 1932-33. Assets. 1933-34. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s d 419,256 8 5 Depreciation Reserve .. .. .. .. 424,337 16 1 1,204,932 11 5 Works at Mangahao— Head works, power- 1,205,367 2 11 9,054 14 11 Sundry creditors .. .. .. .. 8,939 9 9 house, machinery, &c. 2 18 7 Bad debt in Suspense .. .. .. .. .. 518,571 1 3 Works at Waikaremoana — Headworks, 518,806 14 1 3,883,829 11 10 Head Office Account .. .. .. .. 3,845,877 14 1 -— power-house, machinery, &c. 1 724 173 17 0 1,723,503 12 8 751,877 16 6 Transmission-lines .. .. .. .. 751,691 4 0 459, 309 8 6 Substations .. .. .. .. .. 470,078 2 8 14,152 11 5 Plant, motor-vehicles, construction tools, &c. .. 13,530 7 0 97,870 14 2 Service buildings, workmen's accommoda- .. 97.87494 tion, &c. 39,241 9 10 Temporary development, Waikaremoana.. .. 39,241 9 10 3,841 6 7 Harbour facilities, Waikokopu .. .. .. 3,841 6 7 222,338 13 9 : Salaries and expenses of Engineers and .. 225,189 2 3 others on surveys and during construction 79,285 19 6 Cost of raising loans .. .. .. .. 79,507 19 6 299, 053 1 8 Interest during construction .. .. i .. 299, 424 5 3 3,690,474 14 7 3,704,552 3 5 ; ! 47,941 1 0 Stocks on hand .. .. .. .. 54,395 15 6 86,115 14 0 Sundry debtors, payments in advance, &e. .. 95,183 1 7 487, 609 5 7 i Accumulated loss to date .. .. j .. 425, 023 19 5 2 18 7 Sundry debtors in Suspense £4,312,143 13 9 £4,279,154 19 11 £4,279,154 19 11 £4,279,154 19 11

B.—l [Pt. IV].

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA-ARAPUNI SCHEME. Profit and Loss Account for Year ended 31st March, 1934, compared with Year ended 31st March, 1933. Gross Revenue Account.

19:i2_:!X |[ j 1933-34. j] 1932-33. j I 1933 -34 £ s. d. To Generating expenses, headworks, and power- £ s. d. £ s. d. £ s. d t =, /i f c h 3lO USe * J* S# U. X* S. Q» 3,491 12 6 Horaliora f; isa 19 q 333,669 3 3 By Sales of electrical energy to wholesale con- 354,114 12 11 o' oah ok a •"* ** *• ** o,loy Iz y sumers ' rapniu .. .. .. 9,524 11 5 25 17 7 Less discounts and rebates .. .. 0 12 11 11 838 15 11 i 14,714 4 2 354.114 0 0 ' 11 j 333,643 5 8 I Operation and maintenance of— 19 9 | Waihi Grand Junction steam-plant .. 7 0 10 1,351 14 6 Diesel Station, Penrose .. .. 609 16 4 ; n in n ,.f „i j. „ „ 6 m 16 4 Huntly Steam Station 28 6 11 771 10 0 Rent of Unes " " 496 11 0 6,128 16 4 Power purchased in bulk and stand-by 440 14 9 ! 2,045 8 6 Miscellaneous rents 3,064 18 2 pi O Visions j o K.GO in n 2,639 15 7 Half additional net costs King's Wharf 3,245 II 7 3 i r >4 8 6 3,568 LJ 2 TT7 station 4 ' 331 10 5 6,002 19 7 and maintenance of main trans- .. 6,772 15 2; 521 5 g| Testing, oil-drying, and repairs for consumers .. 16 1 6 6,849 18 8 Operation and maintenance of main sub- .. 7 400 10 0 stations 22 2 II maintenance of distribution .. 2119 1 52 10 3 Pees for inspection of lines and testing of .. 180 8 7 386 6 7 Operation and maintenance of distribution- .. 374 2 9 instruments lines (11,000-volt) •• Q : Testing system, apparatus, &c. .. .. .. 665 9 II ou lo o j Live-line testing and changing of insulators .. 74 13 5 2,719 1 7 General supervision and management of .. 2,621 0 9 transmission and distributing systems Management and general —- 8,967 0 8 j Salaries, rent, postages, insurances, &c. .. 8,665 15 4 47,740 7 5 ! 45 642 1 0 289,901 2 5 | Balance to Net Revenue Account .. .. 312 237 8 3 jj £337,641 9 10 , £357,879 9 3 -£337,641 9 10 £357,879 9 3

B.—l [Pt. IV]

ELECTRIC SUPPLY ACCOUNT —continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA-ARAPUNI SCHEME— continued. Profit and Loss Account for Year ended 31st March, 1934, compared with Year ended 31st March, 1933— continued.

Net Revenue Account. 1932-33. 1933-34. j 1932-33. 1933-34. , - = ? ' ' " : li ' ' ~ £ s £ s. d. £ s. d. £ s. ct. 218 847 15 7 To Interest on purchase-money for plant purchased from Waihi 226,450 12 2 289,901 2 5 By Balance from Gross Revenue Account .. .. .. 312,237 8 3 Gold-mining Co., Ltd., and on advances from Treasury 41,487 4 8 Balance to Profit and Loss Appropriation Account .. 31,042 11 3 75,951 0 9 Depreciation on completed works (2 per cent.) and on stocks 78,716 16 11 10 9 King's Wharf Station, half capital charges thereon .. 38,112 10 5 £331 388 7 1 £343,279 19 6 £331,388 7 1 £343,279 19 6 Profit and Loss Appropriation Account for Year ended 31st March, 1934, compared with Year ended 31st March, 1933. £ s d. £ s. d. £ s. d. £ s. d. 78,866 12 7 To Balance at close of previous year .. .. .. 120,353 17 3 120,353 17 3 By Balance to general balance-sheet .. .. .. 151,396 8 6 41,487 4 8 Balance from Net Revenue Account .. .. .. 31,042 11 3 £120,353 17 3 £151,396 8 6 £120,353 17 3 £151,396 8 6 Depreciation Reserve Account. £ a _ £ s. d. £ s. d. £ s. d. 10,679 1 4 To Replacements, renewals, &c. .. .. .. •• 3,409 15 8 211,609 10 2 By Balance at close of previous year .. .. .. 283,822 17 2 ]'523 o 0 Amount transferred, Mangahao-Waikaremoana scheme .. .. 8,464 7 7 Interest for year .. .. .. .. .. 11,352 18 3 17 2 Balance to general balance-sheet .. .. .. 370,482 16 8 75,951 0 9 Amount set aside as per Net Revenu» Account .. .. 78,716 16 11 £296,024 18 6 £373,892 12 4 £296,024 18 6 £373,892 12 4

B.—l [PT. IV].

Balance-sheet at 31st March, 1933.

ELECTRIC SUPPLY ACCO UNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.— HORAHORA-ARAPUNI SCHEME— continued. Sinking Fund Account.

1 Q39L.QQ I' ! ! j 1933-34. 1932-33. 1933-31. £ s. d. £ s d - d -d 61 705 7 <) T ° B fl hn? e ment ' am ° Unt OTer -° red i te( i previous years .. ] 6,085 18 9 59,159 13 11 By Balance at close of previous year 61.705 7 9 ' Balance g %n 1Q Xnterest .. F .. 201 16 9 £61 ' 7 °° 7 9 £61,907 4 6 £61,705 7 9 £61,907 4 6

1932 ~ 33 - Liabilities. I 1933-34. || i 93 2-33. Assets. j 1933-34. ~ ~ : 283.822 17 2 Denrppia tfnn £ s " d ' £ 8 - d - £ s - Works at Horahora — £ s. d. £ s. d. 370,482 16 8 310,956 3 9 Headworks, generating station, transformer .. 310,264 16 10 buildings, and machinery, &c. Sinking Fund — 49,768 0 0 Utilized for redemption of loans .. 49,768 0 0 11,937 7 9 Amount available for further redemptions 5 9 61,705 7 9 " 55,821 5 9 Sundry creditors — 11,241 10 8 Public Works Department .. .. 6,138 4 0 147 19 3 Other Government Departments .. 4 668 12 6 45,805 0 10 Non-departmental .. .. .. 44*686 5 5 57,194 10 9 — 55,493 1 11 Works at Arapuni — 2,074, 540 2 3 Headworks and tail-race, machinery, trans- .. 2,087, 972 4 2 formers and switch-gear, buildings, &c. Auxiliary plants — 4,493,033 19 6 Head Office Account «« . „ HZli " «K 15 I 10,814 1 11 Huntly steam-plant .. .. .. 10,814 1 11 81,747 6 8 81,756 0 8 I , , 56 15 2 Carried forward .. .. 4,981,842 13 3 2,467,252 6 8 Carried forward .. .. .. 2,479,984 7 8

B.—l [Pt. IV]

ELECTRIC SUPPLY ACCOUNT —continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA-ARAPUNI SCHEME— continued. Balance-sheet at 31st March, 1934— continued.

I i I ! 1932-33. Liabilities. 1933-34. 1932-33. Assets. 1933-34. ■ ! ! I ! £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 4,896,356 15 2 Brought forward ... .. 4,981,842 13 3 2,467,252 6 8 Brought forward .. .. .. .. 2,479,984 7 8 690,134 17 11 Transmission-lines .. .. .. .. 724,246 8 9 409,446 15 5 Substations .. .. .. .. .. 409,914 6 0 33,193 3 1 Distribution-lines .. .. .. .. 33,130 12 2 Distribution substations, 11,000 kv. — 8,642 18 6 Waihi Grand Junction .. .. 8,635 8 6 2,187 12 3 Taps for consumers v .. .. 2,187 12 3 — " 10,823 0 9 10,830 10 9 i ■ I i 18,181 12 9 Hamilton Area —Land at Kuakura, stores, .. 18,181 12 9 buildings, staff residences, &c. 19,428 14 5 Loose tools and equipment, motor - lorries, .. 20,293 8 2 cars, &c. 187,340 5 3 Salaries of officers, engineering office, and .. 191,763 8 2 general expenses on surveys and on construction 627,280 10 7 Interest during construction .. .. .. 636,216 15 5 154,696 12 4 Cost of raising loans .. .. .. .. 155,189 12 4 23,155 15 4 Stocks of spares, &c., on hand .. .. .. 32,756 10 9 4,640,941 4 6 4,712,500 2 11 39,542 4 9 Stocks of material on hand .. .. .. 27,213 8 9 Debtors — 83,582 0 11 For electricity and sales of materials .. 84,679 7 4 11,937 7 9 Sinking-fund investments .. .. .. 6,053 5 9 120,353 17 3 Net loss .. .. .. .. .. 151,396 8 6 £4,896,356 15 2 £4,981,842 13 3 £4,896,356 15 2 £4,981,842 13 3

B.—l [Pt. IV].

GENERAL PURPOSES RELIEF ACCOUNT. Income and Expenditube Account fob the Year ended 31st Mabch, 1934,. Expenditure. Income To Losses written off fs. d. £s,d. By Interest on advances— £s d £s d Fire relief- Fire relief 472 17 l' Interest .. .. .. 514 0 Flood relief .. .. .. 89 6 5 ™ "P cl fl a J '• •• .. 189 711 Frost relief .. .. .. 146 13 2 relief Hailstorm relief .. ~ 14 8 £ Interest .. .. .. 28 IS 0 In aid of works of production .. 678 19 5 Principal 100 15 0 _ , i() 9 A fi T? rn q+ T-. • , • «. 1,4-UZ 4: O usu lenei Receipts m respect of property taken over : Ciderinterest .. .. .. 36 12 1 manufacturing—lnterest in advance on mortPrincipal .. .. .. 241 14 2 gage .. .. .. . 12 19 11 Works of production Interest on investments .. .. .. 367 18 9 Principal " " " 435 14 6 Balance, being excess of expenditure over income 1,867 9 7 1,217 1 5 Interest on loans .. .. ~ .. 2 433 4 4 £3,650 5 9 £3,650 5 9 Balance-sheet as at 31st Mabch, 1934. Liabilities. Assets. w tal V ijt a , £ s. d. Advances under Finance Act, 1932, New Zealand Loans Act, 1932, 3J per cent. .. 70,000 0 0 section 6 (3)— £ s d £ s d Contribution from Waimarino Bush Fire Relief Fire relief . . .. 11751 4 5 Association •• .. 5,200 0 0 Flood relief .. .. 2 427 7 1 Interest accrued on debentures .. .. 912 17 6 Frost relief 14 5 Liability to Consolidated Fund for interest .. 2,764 15 0 Hailstorm relief .. 686 4 1 Suspense Account: Repayments not allocated .. 150 16 0 In aid of works of production .'. 12,907 11 0 Writing-off in Suspense (as per contra) .. 1,228 12 0 _J 30 697 1 0 Sundry debtors for interest— Fire relief .. .. .. 2,334 4 7 Flood relief .. .. .. 288 9 4 Frost relief .. .. .. 361 13 4 Hailstorm relief .. .. 79 16 2 In aid of works of production .. 1,996 17 9 5,061 1 2 Interest accrued on advances— Fire relief .. .. .. 121 17 9 Flood relief .. .. .. 14 5 1 Frost relief .. .. .. 23 11 8 Hailstorm relief .. .. 3 7 10 In aid of works of production .. 168 14 1 ■ — 331 16 5 Assets under realization: Fire relief .. .. 198 11 5 Postponed interest .. .. .. 187 2 7 Property Account: Cider-manufacture—Advance secured on portion of property disposed of .. 252 18 11 Accrued interest thereon .. . . .. 3 3 3 Sundry debtors .. .. .. ~ 374 10 6 Losses in Suspense .. .. .. 1 228 12 0 Interest accrued on investments .. .. 44 12 0 Cash— Public Account .. .. .. .. 15 091 3 5 State Advances Account .. .. .. 328 5 6 Investments .. .. .. 9 250 0 0 Income and Expenditure Account— £ s. d. Balance, Ist April, 1933 .. 15,340 12 9 Balance, 31st March, 1934 .. 1.867 9 7 17,208 2 4 0 6 £80,257 0 6 Note, Interest on overdue instalments has not been brought into account. B. C. Ashwin, for Accountant to the Treasury. 1 certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental note.—J. H. Fowleb, Deputy Controller and Auditor-General.

6—B. 1 [Pt. IV].

B.—l [PT. IV].

GOVERNMENT LIFE INSURANCE DEPARTMENT. Revenue Account of the Government Life Insurance Department for the Year ended 31st December, 1933. £ s. d. £ s. d. Amount of funds at Ist January, 1933 8,744,548 13 10 Death claims under assurance policies, Renewal premiums—Assurance, annu- including bonus additions .. 206,567 2 0 ity, and endowment, less reinsurance Endowment assurances matured, includpremiums .. .. .. 593,844 3 6 ing bonus additions .. .. 286,549 11 0 New premiums (including instalments Endowments matured .. .. 8,780 2 0 of first year's premiums falling due Premiums returned on endowments .. 92 3 5 in the year)less reinsurance premiums 28,029 10 2 Bonuses surrendered for cash .. 15,651 10 2 Single premiums—Assurance and en- Annuities.. .. .. .. 23,693 19 7 dowment .. .. .. 27,208 13 9 Surrenders .. .. .. 61,262 2 5 Consideration for annuities .. 30,141 18 11 Loans released by surrender .. 101,396 19 7 Interest, rent, and other £ s. d. £ s. d. income .. 417,035 7 7 Commission, new* .. 21,575 17 3 Less land and in- „ renewal 4,259 19 7 come tax, £24,855 25,835 16 10 9s. 3d. ; property Contribution to Public Service Superexpenses, £1,512 annuation Fund.. .. .. 755 13 10 ss. lOd.; stamp £ s. d. duty on interest, Expenses of management— £7,186 16s. lid. 33,554 12 0 Salaries .. .. 31,015 18 5 383,480 15 7 Extra clerical assistance .. . . 327 3 7 Payment to Treasury under Finance Act, 1931 (No. 2) .. 3,665 4 0 Medical fees and expenses .. .. 1,563 5 0 Travelling-expenses 1,082 10 11 Advertising .. 554 5 1 Printing and stationery .. .. 1,407 11 8 Rent .. .. 4,414 0 8 Postage and telegrams .. .. 1,624 3 9 Audit fees .. 325 0 0 General expenses .. 4,378 9 5 50,357 12 6 Property depreciation .. .. 1,250 0 0 Transfer to Investment Fluctuation Reserve Account .. .. 60,000 0 0 Amount of funds, 31st December, 1933 8,965,061 2 5 £9,807,253 15 9 £9,807,253 15 9 * Including agents' allowances. Balance-sheet of the Government Life Insurance Department on 31st December, 1933. Liabilities. Assets. £ s. d. £ s. d. Total assurance, annuity, and en- Loans on policies .. .. .. 1,302,727 14 7 dowment funds (as per Revenue New Zealand Government securities 2,526,810 0 0 Account) .. .. .. .. 8,965,061 2 5 Rural advances bonds .. .. 168,909 0 0 Claims admitted, proofs not yet Municipal Corporation debentures .. 355,821 14 6 completed .. .. .. 40,652 3 5 County securities .. .. .. 120,138 4 3 Annuities .. .. .. 171 3 1 Harbour Board debentures.. .. 25,200 0 0 Commission .. .. .. 316 1 2 Town Board debentures .. .. 26,803 11 3 Medical fees .. .. .. 306 12 0 Road Board debentures .. .. 21,800 0 0 Premium and other deposits .. 10,858 10 7 Drainage Board debentures .. 1,657 15 1 Sundry creditors . . .. .. 3,402 4 1 Power Board debentures .. .. 710,783 5 4 Accident and Fidelity Fund .. 5,000 0 0 Landed and house property .. 122,916 7 8 Investment Fluctuation Reserve .. 391,121 1 0 Landed and house property (leasehold) 1,756 10 8 Sinking funds on local £ s. d. Mortgages on property .. .. 3,702,316 14 1 body loans .. 25,120 7 2 Properties acquired by foreclosure .. 40,163 9 7 Interest accrued there- Overdue premiums on £ s. d. on .. .. 333 11 8 policies in force .. 8,804 1 5 25,453 18 10 Outstanding premiums due but not overdue 54,674 8 6 63,478 9 11 Overdue interest .. 65,044 17 9 Outstanding interest due but not overdue 9,534 14 4 Interest accrued but not due .. .. 109,347 12 8 183,927 4 9 Sundry debtors .. .. .. 504 19 4 Deposited with bank .. .. 25,000 0 0 Cash in hand and on current account 41,627 15 7 £9,442,342 16 7 £9,442,342 16 7 W. E. Arnold, Commissioner. J. W. Macdonald, Secretary. 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 accordanc« therewith —G. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV].

GOVERNMENT STORES MARINE INSURANCE FUND. (Established under section 134 of the Public Revenues Act, 1926.) Revenue Account fob the Year ended 31st March, 1934. Dr • £ s - d. Gr. £ s. d. £ s d To Accumulated Fund to Ist April, 1933 .. 17,431 19 3 By Claims— Defence Department .. .. 3 2 6 '"ports 1116 Lands and Survey .. .. 90 0 Premium,- ol Imports. ss. per Cent. Naval Defence .. .. 812 1 Agriculture Department .. .. 2,313 518 10 Public"^^^?^ 11 " " 947 18 11 Defence 17,133 42 16 8 Railwavs " " External Affairs .. .. 120 0 6 0 Always 51 5 3 TTpultli k cos i a i q > 15 D Industries and Commerce, Tourist, ' ' Accumulated Fund as at 31st March, 1934 .. 18,482 6 1 and Publicity .. .. 1,098 214 8 Internal Affairs .. .. 222 0 11 1 Lands and Survey .. .. 7,130 17 16 6 Marine.. .. .. .. 529 1 6 7 Mines .. .. .. .. 983 2 9 2 Mental Hospitals .. .. 13,745 34 7 3 Naval Defence .. .. .. 94,676 236 13 9 Police .. .. .. .. 610 1 10 6 Post and Telegraph .. .. 49,280 123 3 11 Printing and Stationery .. .. 39,466 98 13 4 Prisons .. .. .. 1,872 413 5 Public Works .. .. .. 74,011 185 3 4 Railways .. .. .. 272,681 681 14 0 Scientific and Industrial Research .. 2,189 5 9 5 Stamps .. .. .. 1,000 210 0 State Coal-mines .. .. 240 0 12 0 584,923 1,462 11 8 Public Trust Office : Interest at Common Fund rate on balance at credit .. .. 587 4 11 Refund of general average contribution, s.s. " City of Kimberley" .. .. 30 5 9 £19,512 1 J7 £19,512 1 7 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. jlsscis. Accumulated Fund .. .. .. .. 18,482 6 1 Amount invested in Common Fund of the Public £ sd. Sundry creditors (departmental) .. .. 23 8 3 Trust Office .. .. .. 17,670 ,5 9 Sundry debtors (departmental) .. .. 835 8 7 £18,505 14 4 £18,505 14 4 I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— J. H. Fowler, Deputy Controller and Auditor-General. GREYMOUTH HARBOUR BOARD : SPECIAL COAL RATE. (Crown's proportion of Special Coal Rate collected by Greymouth Harbour Board under section 12 of Grevmouth Harbour Board Act, 1884.) Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. _ £ s. d. Income. £ s . d. To Interest at 5 per cent, on capital liability .. 7,081 19 0 By Coal rate received .. .. .. .. 1,188 2 3 Amount in hands of Board .. .. .. 149 14 8 Amount collectable outstanding .. .. 140 Oil Balance .. .. .. .. .. 5,604 1 2 £7,081 19 0 £7,081 19 0 £ s. d. £ g> To Balance, Ist April, 1933 .. .. 206,721 9 7 By Balance .. .. .. 212 325 10 Q Balance brought down . . .. .. 5,604 1 2 £212,325 10 9 £212,325 10 9 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s . d. Capital liability .. .. .. .. 141,639 1 0 Amount of coal rate in hands of Board .. 149 14 8 Interest due and unpaid .. .. .. 212,615 6 4 Amount of coal rate collectable but outstanding.. 140 011 Treasury Adjustment Account .. .. 141,639 1 0 Income and Expenditure Account .. .. 212,325 10 9 £354,254 7 4 £354,254 7 4 G. C. Rodda, F.1.A.N.Z., F.R.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.—J. H. Fowler, Deputy Controller and Auditor-General.

B.—l [PT. IV],

HAURAKI PLAINS SETTLEMENT SCHEME. Rate Account fob the Year ended 31st March, 1934. Dr ■ £ s. d. Gr. - £ s d To Maintenance of completed works .. .. 1,126 11 4By Balance brought forward .. .. l 615 910 Bates in respect of area lianded over to control of Bates levied ... 1 791 12 6 Hauraki Plains West Drainage Board .. 292 3 0 Penalty, 10 per cent. . 72 11 5 Bemission of rates .. .. .. .. 202 16 3 Balance .. .. .. - .. 1,858 3 2 £3,479 13 9 £3,479 13 9 Revenue Account for the Year ended 31st March, 1934, Dr. £ s. d. Gr. £ s d To Interest on Public Works Fund capital .. 37,274 11 2 By Accrued rents .. 10 005 12 10 Kaihere Ferry expenses .. .. .. 193 1 1 Interest on sales of land .. .. " '756 1 3 Kaihere Ferry: Half profit to County Council 3 3 0 Grazing-fees .. .. .. 133 2 8 Administration expenses .. .. .. 410 10 3 Ferry fares .. . 199 7 3 Remissions of rent .. .. .. 614 0 1 Royalties .. .1 10 0 Remissions of interest .. .. .. 09 4 Miscellaneous services .. .. .. 479 4 9 Rebates .. .. .. .. .. 897 18 9 Interest allowed on sinking-fund contributions 395 15 3 Irrecoverable rents, &e. .. .. .. 201 3 2 Net loss carried down .. .. .. 27 739 12 10 Premiums on conversion .. .. .. 14 10 0 Cost of raising loans .. .. .. 101 0 0 £39,710 6 10 £39,710 6 10 £ s. d. £ s. d. lo Net loss brought down .. .. .. 27,739 12 10 By Balance carried forward .. .. 202 290 9 7 Balance from previous year .. .. 174,550 16 9 £202,290 9 7 £202,290~9~7 Balance-sheet as at 31st March, 1934. Liabilities. ss&ts Capital Account • £ s . d. £ s. d. Improved lands handed over to £ s. d. £ s d Public Works Fund .. ..832,972 4 7 Land Board for settlementValue of Crown land set apart Leased .. . 188 472 911 under Act .. .. 45,000 0 0 Unleased !! " " 0 3 — 877,972 4 7 Unpaid purchase - money for Discharged Soldiers Settlement land so ld on deferred payAccount : Merged transactions ments .. .. .. 15,112 7 8 under section 20, Discharged ' '' ' jq Soldiers Settlement Amend- Unimproved value of land not disposed of .. 41'929 811 ment Act, .. .. .. 424 111 Improvements on adjoining Crown lands .. 7,710 0 0 Sundry creditors Permanent reserves .. .. .. 8 851 0 0 Miscellaneous .. .. 831 5 4 Works in progress : Expenditure on land in Departmental .. .. 19 14 7 course of reclamation, including formation 850 19 11 and metalling of roads .. .. .. 550,783 5 1 Bent charged in advance .. .. 2,387 0 0 Artesian wells— £ s. d. Rate Account .. .. .. 1,858 3 2 Crown tenants: Hauraki Plains .. 421 10 9 Payments in advance— Permanent reserves and Crown Rent • • •• •• 31 16 10 lands .. .. .. 216 10 9 Rates .. .. .. 1 14 11 638 I 6 Instalment principal, deferred Buildings .. .. .. .. 4 825 17 1 payment sales .. .. 14 8 8 Wharves .. .. .. .. ~ 3' 573 0 0 Instalment interest, deferred Machinery and plant .. .. .. 30' 906 2 6 payment sales .. .. 015 3 Live-stock .. .. .. .. .. '38 16 6 Miscellaneous .. .. 0 10 Loose tools .. .. .. .. 994 19 iq 48 16 8 Stores and fuel .. . . .. 4 ig4 17 0 Suspense Account .. .. .. 58 3 9 Stamps on hand .. ' 04 0 Writmgs-off in Suspense .. .. 278 7 5 Sundry debtorsDeposits by lessees: Surety Rent .. .. .. 3 262 10 6 against drain damage .. .. 10 0 0 Rates .. .. .. 7 5 Treasury Adjustment Account .. .. 203,697 2 1 Instalment principal on deferredpayment sales .. .. 173 13 5 Instalment principal on buildings 4 0 0 Interest on well-boring .. 119 16 0 Interest, deferred-payment sales 197 9 11 Law-costs .. .. ~ 81 7 10 Tram freights and ferry fares .. 24 6 9 Grazing .. .. .. 58 13 1 Miscellaneous .. .. 5,232 8 1 Departmental .. .. 863 13 0 13,406 6 0 Postponed rent .. .. .. .. 1 sgg 17 4 Postponed interest .. .. .. .. 117 8 11 Losses in Suspense .. .. .. . . 278 7 5 Interest accrued but not due .. .. .. 216 10 0 Premiums on conversion .. .. . . 130 10 0 Cash in Deposits Account .. .. .. 10 0 0 Revenue Account: Balance forward .. .. 202,290 9 7 £1,087,584 19 6 £1,087,584 19 6 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. . I iiereby certify that the Rate 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 : (1) In the opinion of the Audit Office interest charged on works in progress should be capitalized ; (2) a Bad Debts Reserve should be created ; (3) suggestions in reference to the treatment of expenditure on lands already handed over for settlement were made to and are at present under consideration by the Department; (4) that the accounts of the Auckland District Land Office and Chief Drainage Engineer, the audit of which has not yet been completed by the local audit Inspector, are in agreement with the Head Office books.—O. F. C. Campbell, Controller and Auditor-General.

B.—l [PT. IV],

IMMIGRATION DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1934, Expenditure. Income £ , a To Administration expenses— By Cables prepaid .. .. ' .. .. '392 Salaries— £ s. d. £ s. d. Excess expenditure over income, carried down .. 1 464 Blī New Zealand .. .. 536 49 ' 0 London .. .. .. 500 0 0 1,036 4 9 Office expenses .. .. 164 13 0 Rent account .. .. 120 0 0 1,320 17 9 Cost of cables .. .. ~ , 7 13 3 Exchange .. .. .. ~ ~ 0 9 3 Depreciation Reserve Account .. .. 42 12 10 Passage-money paid .. .. 416 10 0 Less contributions by £ s. d. immigrants .. 224 0 0 Less contributions by Imperial Government .. .. 96 5 0 320 5 0 96 5 0 £^ 467 18 1 £l^Tī To Balance brought down | 464 8 U % vIouTXT™* ° f 6XpeilditUre on P re " V tvlv w r 149,344 18 2 New Zealand Government contributions £ s . d. Excess income on account of Public Works towards passage-money 435 « n Fund, National Development Account .. 441 7 6 Supervision of public-school boys !! 010 0 Supervision of domestics .. .. 0 6 1 Sale of furniture .. .. .. 5" 0 0 Sale of blankets .. .. .. 0 5 5 Excess expenditure over income after charging interest: Administration Account • .. 150,809 7 1 £151,250 14 7 £151,250 14 7 Note —The accounts include a charge against the Department for interest on capital for which the Department possesses no premium on conversion of the loan liability of the Public Works Fund, General Purposes Balance-sheet as at 31st March, 1934. Liabilities. Assets f 1 Capital Account Public Works £ s. d. £ s. d. Furniture and fittings .. '.. .. ,fi, j , iund, 31st March, 1933.. 3,319,041 15 0 Stock: Stationery .. .. .. .. 20 0 O Less recoveries on account of Loans of passage-money to immigrants .. 1 000 17 2 expenditure previous years, _ Sundry debtors .. .. .. .. 7 0 0 1933-34 .. .. 531 li n Administration Account .. .. .. 150,809 7 1 ~ ~ ~ 3,318,510 3 1 National Development Ac- £ s d Creditors— 00unt .. .. 3,319,840 3 1 Departmental .. .. 016 0 Less excess income, 1933-34 441 7 6 Sundry 015 7 x n 7 3,319,398 15 7 ReservesDepreciation .. .. 492 13 11 Bad debts .. .. 50 0 0 542 13 11 Imperial Government— Loans to immigrants recovered but not paid .. 38 5 0 Contributions of passagemoney recovered but not paid .. .. .. 417 9 11 455 14 11 Recoveries on behalf of Commonwealth Government (Australia) ........ 750 Treasury Adjustment Account .. .. 152,284 7 5 £3,471,801 15 11 • £3,471,801 15 11 Henry E. Moston, Acting Permanent Head. 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.—J. H. Fowler, Deputy Controller and Auditor-General.

B.—l [PT. IV],

DEPARTMENT OF INDUSTRIES AND COMMERCE, TOURIST, AND PUBLICITY. Income and Expenditure Account foe the Year ended 31st March, 1934. Expenditure. Income. To Net loss after charging interest and portion of By Net profit after charging interest and portion Head Office expenses — £ s. d. of Head Office expenses— £ s. d. Census and Statistics Office .. .. 19,613 7 6 Rotorua electric system .. .. 5,389 18 2 Industries and Commerce Branch .. 0,579 15 9 Passenger Booking Branch .. .. 102 16 2 Publicity Branch .. .. .. 18,139 15 8 Net loss after charging interest .. .. 102,490 18 4 TeAroha .. .. .. .. 3,069 12 8 Rotorua Baths.. .. .. .. 12,564 19 6 Rotorua Sanatorium .. .. .. 1,479 5 0 Rotorua Gardens .. .. .. 3,958 3 8 Rotorua water and drainage .. .. 3,690 11 4 Rotorua wharves and beacons .. .. 345 17 3 Rotorua reserves .. .. .. 1,559 2 0 Waimangu round trip .. .. .. 492 4 1 Waitomo Hostel and gardens .. .. 3,491 10 3 Chateau Tongariro .. .. .. 8,678 8 4 Lake House, Waikaremoana .. .. 1,865 7 7 Morere Hot Springs .. .. .. 311 14 7 Queenstown .. .. .. .. 701 10 4 Hermitage Hostel (leased) .. .. 1,724 15 5 Te Anau Hotel and steamer (leased) .. 1,170 6 7 Glade House and Milford Track .. .. 6,505 12 0 Miscellaneous reserves .. .. .. 878 9 9 Sydney and Melbourne offices .. .. 5,281 4 1 Toronto office .. .. .. .. 3,808 5 6 Subsidies to inland mails .. .. .. 647 11 3 Expenses, minor overseas agencies .. .. 298 7 10 Formation Scoria Flat Road .. .. 487 12 0 Miscellaneous expenditure not apportioned .. 225 14 9 Interest, National Development Account .. 414 8 0 £107,983 12 8 £107,983 12 8 INDUSTRIES AND COMMERCE BRANCH. Working Account for the Year ended 31st March, 1934. Or. £ s. a. Or. £ S. d. To Salaries .. .. .. .. .. 3,920 15 7 By Gas Regulations Account .. .. .. 458 18 1 Advertising, purchase of books, &c. .. .. 70 19 7 Miscellaneous receipts .. .. .. 59 3 0 Freight and cartage .. .. .. 16 2 Balance carried down .. .. .. 6,430 19 10 Rent .. .. .. .. .. 629 1 3 Postages .. .. .. .. .. 171 19 2 Office-cleaning, fuel, and light .. .. 65 3 6 Printing and stationery, office fittings, and requisites .. .. .. .. 212 13 8 Law-costs .. .. .. .. 59 17 0 Travelling allowances and expenses .. .. 152 17 1 Telephones .. .. .. .. 118 18 II Rail passes to H.M. Trade Commissioners 37 7 2 Expenses, minor overseas agencies .. .. 128 511 Grant: Imperial Economics Committee .. 808 0 0 Expenses : Motion-picture industry inquiry .. 336 17 9 Miscellaneous .. .. .. .. 7175 Depreciation .. .. .. .. 163 10 9 £6,949 0 11 £6,949 0 11 £ s. d. £ s. d. To Balance brought down .. .. .. 6,430 19 10 By Net loss to Income and Expenditure Account .. 6,579 15 9 Interest on capital .. .. .. .. 148 15 11 £6,579 15 9 £6,579 15 9 CENSUS AND STATISTICS BRANCH. Working Account for the Year ended 31st March, 1934. Dr. £ S. d. Or. £ s . d. To Salaries .. .. .. .. .. 13,895 19 9 By Sale of statistical publications .. .. 372 311 Freight and cartage .. .. .. 20 10 9 Work done on power machines .. .. 2,170 1 6 Fuel and light .. .. .. .. 94 9 11 Balance carried down .. .. .. 19,021 2 6 Maintenance of mechanical appliances .. 31 11 0 Postages .. .. .. .. .. 806 18 0 Printing and stationery .. .. .. 958 0 2 Rent .. .. .. .. .. 747 9 6 Preparation of statistical publications.. .. 3,141 16 0 Collection of statistics .. .. .. 1,064 16 11 Telephone services .. .. .. .. 77 5 0 Depreciation .. .. .. .. 678 15 6 Miscellaneous .. .. . . .. 45 15 5 £21,563 7 11 £21,563 7 11 £ s. d. £ s . d. To Balance brought down .. .. .. 19,021 2 6 By Net loss to Income and Expenditure Account .. 19,613 7 6 Interest on capital .. .. .. .. 592 5 0 £19,613 7 6 £19,613 7 6

B.—l [PT. TV],

DEPARTMENT OF INDUSTRIES AND COMMERCE, TOURIST, AND PUBLlClTY—continued. TE AROHA. Working Account foe the Year ended 31st March, 1934. rn a, Dr - , , £ s. d. Or. £ s d To Stores on hand at Ist April, 1933 .. .. 34 12 oBy Receipts .. .. .. .. .. 999 15 8 Salaries .. .. .. .. .. 1,955 5 2 Stores on hand at 31st March, 1934 .. .. 11 14 3 Electric energy 74 6 5 Balance carried down .. .. 2 073 17 8 Repairs, purchase of stores, &c. .. .. 334 10 11 ' 11 0 Administration expenses .. .. .. 335 0 3 Depreciation .. .. .. ~ 344 n jq Writings-off .. .. .. .. 7 10 £3,085 7 7 £3,085 7 7 T° Balance brought down 2,078 17 8 By Net loss to Income and Expenditure Account .. 3,069 12 *8 -Head Omce expenses .. .. .. 216 8 1 x* o Interest on capital .. .. .. .. 779 6 11 12 8 £3,069 12 8 ROTORUA BATHS. Working Account for the Year ended 31st March, 1934. O/" • £ s d Cv 4? To Salaries and wages .. .. .. .. 6,751 13 7 By Receipts . 7 370 ifi s Stores issued •• .. 1,045 6 4 Value services rendered to Sanatorium .. '577 19 0 Repairs, travelling-expenses, &c. .. .. 262 0 1 Balance carried down .. fi 399 7 8 Electric-energy and water charges .. .. 814 4 9 ... Administration expenses .. .. .. 744 2 6 Laundry charges .. .. .. .. 445 10 7 Depreciation .. .. .. .. 4,055 15 9 Writings-off .. .. .. ~ 229 9 9 £14,348 3 4 £14,348 3 4 To Balance brought down 6,399 7*B By Net loss to Income and Expenditure Account .. 12,564 19 *6 -Head Office expenses .. .. .. 327 18 3 . ' Interest 011 capital .. .. .. .. 5,837 13 7 £12,564 19 6 £12,564 19 6 ROTORUA SANATORIUM. Working Account for the Year ended 31st March, 1934. Dr. £ s d Cr e a To Stores on hand at Ist April, 1933 .. .. 402 15 ll' By Fees receivable .. .. 3 «58 9 0 Salaries and wages 1,447 12 2 ' Miscellaneous receipts .. .' " 93 2 7 Purchase of stores 1,162 10 10 Stores on band at 31st March, 1934 .. ..' 359 10 9 Freight, repairs, &c. 153 17 3 Balance carried down . . . 723 411 Electric-energy and water charges .. .. 197 17 8 Value of services rendered by Rotorua Baths staff 577 19 0 Laundry charges .. .. .. .. 90 13 ] Administration expenses .. .. .. 526 13 ] Depreciation .. .. .. .. 300 14 1 Writings-off .. .. .. .] 118 14 2 £5,039 7 3 £5,039 7 3 T °H^nffl b b ight d ° Wn 723 4U By Net loss to Income and Expenditure Account .. 1,479 s'o Head Omce expenses .. .. .. 251 16 11 ' Interest on capital .. .. .. .. 594 3 2 £1 ' 479 5 0 £1479 5 0

B.—l [PT. IV],

DEPARTMENT OF INDUSTRIES AND COMMERCE, TOURIST, AND PUBLlClTY—continued. ROTORUA GARDENS. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s. d. To Stores on hand at Ist April 1933 .. .. 29 17 4 By Game fees, rents, &c. .. .. .. 1,226 1 10 Salaries and wages .. .. .. .. 2,639 0 9 Stores on hand at 31st March. 1934 .. .. 39 10 11 Stores issued .. .. .. .. 367 18 11 Balance carried down .. .. .. 2,783 2 10 Electric-energy and water charges . . .. 86 13 4 Freight, repairs, and other charges .. . . 76 16 5 Administration expenses .. .. .. 513 11 2 Depreciation .. . . .. .. 310 10 10 Writings-off .. .. .. .. 24 6 10 £4,048 15 7 £4,048 15 7 £ s. d. £ s. d. To Balance brought down .. .. .. 2,783 210 By Net loss, to Income and Expenditure Account .. 3,958 3 8 Head Office expenses .. .. .. 236 7 1 Interest on capital .. .. .. .. 938 13 9 £3,958 3 8 £3,958 3 8 ROTORUA ELECTRIC SYSTEM. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s. d. To Stores on hand at Ist April, 1933 .. .. 12 22 By Sales, electrical energy .. .. .. 19,282 6 9 Salaries and wages .. .. .. .. 2,769 3 3 Discounts forfeited .. .. .. 270 10 11 Electric energy purchased .. .. .. 5,737 0 0 Miscellaneous charges .. .. .. 666 8 3 Stores issued .. .. .. .. 634 18 3 Stores on hand at 31st March, 1934 .. .. 33 15 7 Freight, repairs, telephones, &c. .. .. 309 6 4 Administration expenses .. .. .. 814 10 6 Depreciation .. .. .. .. 1,273 12 4 Writings-off .. .. . , .. 34 12 9 Balance carried down .. .. .. 8,667 15 11 £20,253 1 6 £20,253 1 6 £ s. d. £ s. d To Head Office expenses .. .. .. 384 9 2 By Balance brought down .. .. .. 8,667 15 11 Interest on capital .. .. .. .. 2,893 8 7 Net profit, to Income and Expenditure Account 5,389 18 2 £8,667 15 11 £8,667 15 11 ROTORUA WATER AND DRAINAGE. Working Account for the Year ended 31st March, 1934. £ s. d. £ s . d. To Salaries and wages .. .. .. .. 530 0 7 By Water charges .. .. .. .. 4,546 0 2 Discounts allowed .. .. .. .. 223 19 7 Miscellaneous receipts .. .. .. 81 3 6 Stores issued, repairs, &c. .. .. .. 239 16 1 Electric energy charges . . .. .. 345 5 6 Administration expenses . . .. .. 649 5 1 Depreciation . . .. .. 1,853 4 8 Writings-off .. . . . . ~ 109 3 9 Balance carried down . . . . . . 676 8 5 £4,627 3 8 £4,627 3 8 £ s. d. £ s . d. To Head Office expenses .. .. .. 269 16 8 By Balance brought down .. .. .. 676 8 5 Interest on capital .. .. .. .. 4,097 3 1 Net loss, to Income and Expenditure Account .. 3,690 11 4 £4,366 19 9 £4,366 19 9 ROTORUA RESERVES. Working Account for the Year ended 31st March, 1934. Dr. £ S. d. Cr. £ s . d. To Salaries and wages .. .. .. .. 223 18 0 By Miscellaneous receipts .. .. .. 12 3 6 Stores issued, repairs, telephones, &c. .. 121 11 9 Rents receivable .. .. .. 257 5 0 Administration expenses .. .. .. 73 4 10 Interest on advances .. .. .. 163 13 0 Depreciation .. .. .. .. 137 12 9 Balance carried down .. ~ .. 123 5 10 £556 7 4 £556 7 4 £ s. d. £ s . d. To Balance brought down .. .. .. 123 510 By Net loss, to Income and Expenditure Account .. 1,559 2 0 Head Office expenses .. .. .. 147 6 3 Interest on capital .. .. .. 1,288 9 11 £1,559 2 0 £1,559 2 0

B.—l [PT. IV].

DEPARTMENT OF INDUSTRIES AND COMMERCE, TOURIST, AND PUBLICITY-—continued. ROTORUA WHARVES AND BEACONS. Working Account fob the Year ended 31st March, 1934. Dr. £ s. d. Gr. £ s . d. To Wages, maintenance, stores, &c. .. .. 15 811 By Wharfages .. .. .. .. .. 12 17 6 Depreciation .. .. .. .. 127 4 0 Balance carried down .. .. . . 129 15 5 £142 12 11 £142 12 II £ s. d. To Balance brought down .. .. 129 15 5 £ s. d. Interest on capital .. . . . . .. 216 110 By Net loss, to Income and Expenditure Account .. 345 17 3 £345 17 3 £345 17 3 WAIMANGU ROUND TRIP. Working Account tor the Year ended 31st March, 1934. Dr. £ s. d Gr. £ s . d. To Stores on hand at Ist April, 1933 .. .. 20 18 3 By Round-trip receipts .. .. .. 1,037 14 5 Salaries and wages .. .. . . .. 607 7 2 Rents receivable .. .. .. .. 106 10 0 Stores issued .. .. .. .. 117 13 4 Miscellaneous receipts .. .. .. 174 8 0 Repairs, &c. .. . . . . .. 50 13 2 Stores on hand at 31st March, 1934 . . .. 23 6 10 Administration expenses . . . . .. 136 14 6 Balance carried down .. . . .. 54 17 5 Writings-off .. . . .. .. 4 17 1 Depreciation .. .. .. .. 458 13 2 £1,396 16 8 £1,396 16 8 £ s. d. £ s. d. To Balance brought down .. .. .. 54 17 5 By Net loss to Income and Expenditure Account .. 492 4 1 Head Office expenses .. .. .. 103 13 0 Interest on capital .. .. .. .. 333 13 8 £492 4 1 £492 4 1 WAITOMO HOSTEL AND CAVES. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s. d. To Stores on hand at Ist April, 1933 .. .. 343 11 7 By Board and accommodation .. .. .. 4,837 7 1 Salaries and wages .. .. .. .. 2,317 13 4 Cave fees .. .. .. .. .. 3,063 9 0 Electric light and power .. .. .. 836 3 9 Sale of aerated waters, tobacco, &c. .. .. 314 12 11 Stores purchased .. .. .. .. 2,178 11 0 Hire of equipment .. .. .. .. 187 2 6 Freight, repairs, postages, &c. .. .. 1,113 5 7 Miscellaneous receipts .. .. .. 75 10 11 Depreciation .. .. .. .. 1,959 13 11 Stores on hand at 31st March, 1934 .. .. 249 12 11 Writings-off .. . . .. .. 167 11 6 Balance carried down .. .. . . 188 15 4 £8,916 10 8 £8,916 10 8 £ s. d. £ s. d. To Balance brought down .. .. .. 188 15 4 By Net loss, to Income and Expenditure Account .. 3,491 10 3 Head Office expenses .. .. .. 190 3 0 Interest on capital .. .. .. 3,112 1111 £3,491 10 3 £3,491 10 3 CHATEAU TONGARIRO. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Gr. £ s. d. To Stores on hand at Ist April, 1933 .. .. 1,213 11 3 By Board and accommodation .. .. .. 12,438 1 8 Salaries and wages .. .. .. .. 4,979 12 2 Sale of sweets, cigarettes, &c. .. .. 1,044 9 7 Purchase of stores .. .. .. .. 7 ,360 6 3 Miscellaneous receipts .. .. .. 1,265 17 .1 Repairs, travelling-expenses, &c. .. .. 1,962 1 6 Stores on hand at 31st March, 1934 .. .. 807 17 6 Freight .. .. .. .. .. 2,474 13 0 Balance carried down .. .. .. 5,145 0 7 Advertising .. . . . . .. 486 15 1 Depreciation .. .. .. .. 1,922 13 3 Writings-off .. .. .. .. 301 13 11 £20,701 6 5 £20,701 6 5 £ s. d. £ s. d. To Balance brought down .. .. .. 5,145 0 7 By Net loss, to Income and Expenditure Account .. 8,678 8 4 Head Office expenses .. .. . . 349 4 8 Interest on capital .. .. .. 3,184 3 1 £8,678 8 4 £8,678 8 4 7—B. 1 [PT. IV].

B. —1 [PT. IV].

DEPARTMENT OF INDUSTRIES AND COMMERCE, TOURIST, AND PUBLICITY —continued. T.AKTC HOUSE, WAIKAREMOANA. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. To Stores on hand at Ist April, 1933 .. .. 220 17 7 By Board and accommodation .. .. .. 1,961 13 2 Salaries and wages .. .. .. .. 896 19 5 Launch and boat hire .. .. . . 274 15 0 Purchase of stores .. .. .. .. 1,141 13 9 Miscellaneous receipts .. .. .. 698 16 8 Freight, postages, repairs, &c. . . .. 745 10 7 Stores on hand at 31st March, 1934 .. .. 283 8 10 Electric light and power .. .. .. 226 5 9 Balance carried down .. .. .. 755 6 2 Depreciation .. .. .. •. 672 4 7 Writings-off .. .. .. .. 70 8 2 £3,973 19 10 £3.973 19 10 £ s. d. £ s. d. To Balance carried down .. .. .. 755 6 2 By Net loss, to Income and Expenditure Account .. 1,865 7 7 Head Office expenses .. .. .. 183 2 0 Interest on capital .. .. .. .. 926 19 5 £1,865 7 7 £1,865 7 7 MORERE HOT SPRINGS. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. To Salaries and wages .. .. .. .. 226 11 0 By Bath fees .. .. .. .. •• 368 19 6 Repairs, stores, &c. .. .. .. .. 133 7 6 Miscellaneous receipts .. .. . . 17 12 0 Depreciation .. .. .. .. 89 10 8 Balance carried down .. .. .. 62 17 8 £449 9 2 £449 9 2 £ s. d. £ s. d. To Balance brought down .. .. .. 62 17 8 By Net loss, to Income and Expenditure Account .. 311 14 7 Head Office expenses .. .. .. .. 46 1 3 Interest on capital .. .. .. .. 202 15 8 £311 14 7 £311 14 7 MOUNT COOK HERMITAGE. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. To Depreciation .. .. .. .. 741 9 5 By Rents receivable .. .. .. .. 465 16 0 Interest on capital .. .. .. .. 2,200 16 7 Interest on advances .. .. .. 751 14 7 Net loss, to Income and Expenditure Account .. 1,724 15 5 £2,942 6 0 £2,942 6 0 TE ANAU STEAMER AND HOTEL. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. To Depreciation .. .. .. .. 576 19 4 By Rents receivable .. .. .. .. 230 15 0 Interest on capital .. .. .. .. 824 2 3 Net loss, to Income and Expenditure Account .. 1,170 6 7 £1,401 1 7 £1,401 1 7 QUEENSTOWN. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. To Salaries and wages .. .. .. .. 492 12 10 By Game fees .. .. .. .. .. 135 5 8 Stores, repairs, freight, &c. .. .. .. 76 14 9 Miscellaneous receipts .. .. .. 37 11 10 Depreciation .. .. .. .. 71 3 2 Balance carried down .. .. .. 467 13 3 £640 10 9 £640 10 9 £ s. d. £ s. d. To Balance brought down .. .. .. 467 13 3 By Net loss, to Income and Expenditure Account .. 701 10 4 Head office expenses .. .. .. .. 47 7 7 Interest on capital .. .. .. 186 9 6 £701 10 4 £701 10 4

B. —1 [PT. IV].

DEPARTMENT OF INDUSTRIES AND COMMERCE, TOURIST, AND PUBLlClTY—continued. GLADE HOUSE, MILEORD HOSTEL, AND TRACK. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Gr. £ s. d" To Stores on hand at Ist April, 1933 .. .. 1,124 16 2 By Board and accommodation fees .. .. 1,654 7 7 Salaries and wages .. .. .. .. 1,409 15 5 Launch and boat hire .. .. .. 309 16 6 Maintenance of track (stores, wages, tools, &c.) 566 0 0 Sale of tobacco, sweets, &c. .. .. .. 107 7 11 Purchase of stores .. .. .. .. 2,029 16 6 Miscellaneous receipts .. .. .. 195 17 4 Freight, repairs, travelling-expenses, &c. .. 1,073 1 8 Stores on hand at 31st March, 1934 .. .. 1,126 18 0 Depreciation .. .. .. .. 1,516 13 1 Balance carried down .. .. .. 4,418 11 1 Writings-off .. .. .. .. 92 15 7 £7,812 18 5 £7,812 18 5 £ s. d. £ s. d. To Balance brought down .. .. .. 4,418 11 1 By Net loss to Income and Expenditure Account .. 6,505 12 0 Head Office expenses .. .. .. 217 17 2 Interest on capital .. .. .. 1,869 3 9 £6,505 12 0 £6,505 12 0 MISCELLANEOUS RESERVES. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Gr. £ s. d. To Salaries .. .. .. .. .. 199 0 0 By Rents .. .. .. .. .. 271 5 4 Stores, freight, and repairs .. .. .. 101 16 4 Balance carried down .. .. .. 298 17 4 Miscellaneous .. .. .. .. 38 0 4 Depreciation .. .. .. 231 6 0 £570 2 8 £570 2 8 £ s. d. £ s. d. To Balance brought down .. .. .. 298 17 4 By Net loss, to Income and Expenditure Account .. 878 9 9 Head Office expenses .. .. .. . . 101 9 1 Interest on capital .. .. .. 478 3 4 £878 9 9 £878 9 9 PASSENGER BOOKING BRANCH. Working Account for the Year ended 31st March, 1934. Dr. Gr. £ s. d. To Net loss at— £ s. d. By Commission on Government ticket orders .. 720 13 II Rotorua .. .. .. .. .. 76 2 I Miscellaneous receipts .. .. .. 301 18 11 Wanganui .. .. .. .. 217 4 5 Net profit at — Christchurch . . . . . . . . 398 6 0 Auckland .. .. .. .. 666 18 1 Invereargill .. .. .. .. 244 15 9 Wellington .. .. .. .. 980 1 0 Overseas commission on tours .. .. 612 1 4 Dunedin .. .. .. .. .. 83 4 10 Miscellaneous expenses .. .. ... 112 10 4 Head Office expenses . . .. .. 969 11 0 Interest on capital .. .. .. .. 1998 Net profit, to Income and Expenditure Account 102 16 2 £2,752 16 9 £2,752 16 9 SYDNEY AND MELBOURNE OFFICES. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Gr. £ s. d. To Salaries and allowances .. .. .. 2,902 18 5 By Commission earned .. .. .. 436 15 9 Rent .. .. .. .. .. 1,493 4 2 Net loss, to Income and Expenditure Account 5,281 4 1 Postages, printing and stationery, travellingexpenses, &c. .. .. .. .. 1,173 12 1 Depreciation . . . . .. .. 94 1 0 Interest on capital .. .. .. .. 54 4 2 £5,717 19 10 £5,717 19 10 TORONTO OFFICE. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Gr. £ s. d. To Salaries, wages, and allowances . . .. 1,629 0 0 By Net loss, to Income and Expenditure Account 3,808 5 6 Rent .. .. .. 339 3 10 Exchange .. .. .. .. ..1,07108 Postages, travelling-expenses, &c. .. . . 712 2 4 Depreciation .. .. .. .. 34 19 10 Interest on capital . . .. .. .. 21 12 10 * £3,808 5 6 £3,808 5 6

B.—l [PT. IV].

DEPARTMENT OF INDUSTRIES AND COMMERCE, TOURIST, AND PUBLlClTY—continued. PUBLICITY BRANCH. Working Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s. d. To Salaries .. .. .. 1,430 16 5 By Sale of photographs, &c. .. .. .. 249 15 2 Advertising in newspapers and periodicals .. 2,023 1 7 Sale of films .. .. .. .. 374 10 9 Advertising in United Kingdom .. .. 2,011 7 8 Recoveries on account of advertising in the Films, preparation of and equipment for .. 6,960 1 4 United Kingdom .. .. .. 26811 6 Polders, booklets, and posters .. .. 2,392 5 10 Balance carried down .. .. .. 16,744 1 10 Grants re expenses of lectures .. .. 230 14 3 Miscellaneous publicity and general expenses .. 855 19 1 Photographs and pictures, preparation of, and framing .. .. .. .. 856 6 3 Reuter's Telegram Co. : Payment for special telegrams .. .. .. .. 556 17 0 Depreciation .. .. .. .. 319 9 10 £17,636 19 3 £17,636 19 3 £ s. d. £ s. d. To Balance brought down .. .. .. 16,744 110 By Net loss, to Income.and Expenditure Account 18,139 15 8 Head Office expenses .. .. .. 1,203 11 9 Interest on capital .. .. .. .. 192 2 1 £18,139 15 8 £18,139 15 8 Balance-sheet as at 31st March, 1934. Liabilities. Assets. £ s. d. Capital — £ s. d. £ s. d. Land .. .. .. .. .. 189,008 14 8 Public Works Fund .. ..708,456 311 Buildings.. .. .. .. .. 332,769 14 2 Consolidated Fund .. .. 137,421 111 Stores .. .. .. .. .. 9,371 10 10 — 845,877 5 10 Motor-vehicles .. .. .. .. 1,335 0 3 Liability to Miscellaneous Ad- Live-stock .. .. .. .. 517 4 9 vances Account .. .. .. 4,523 17 6 Furniture and fittings .. .. .. 44,894 5 9 Creditors —■ Debtors — £ s. d. Departmental .. .. 4,144 911 Departmental .. .. 3,957 3 1 Sundry .. .. .. 3.749 15 7 Sundry .. .. .. 9,200 6 2 — 7,894 5 6 13,157 9 3 Passenger booking— Water and drainage systems .. .. 98,789 15 11 Ticket Sales Account .. .. .. 12,864 7 2 Rotorua electric system : Land, transmission-line, Deposits on Tours Account .. .. 910 011 buildings, &c. .. .. .. .. 62,783 12 2 Reserve for depreciation .. .. 140,801 7 7 Plant and machinery .. .. .. 10,378 17 9 Reserve for doubtful debts .. .. 633 15 8 Wharves and slipways .. .. .. 7,502 2 11 Writings-off Reserve .. .. .. 3,378 1 3 Electric systems at hostels .. .. .. 27,253 10 8 Deposit Account: Rotorua .. .. 505 4 5 Steamers, launches, and boats .. .. 11,513 4 0 Bridges .. .. .. .. .. 6,921 18 2 Garden implements.. .. .. .. 1,261 6 9 National Development Account .. .. 9,139 0 2 Linen, cutlery, crockery, silverware, &c. .. 10,520 9 3 Telephone-lines .. .. .. .. 1,249 14 7 Gas-testing equipment .. .. .. 770 3 9 Refrigerating-plant (London), half-share .. 270 13 8 Exhibition material .. .. .. 474 9 4 Mechanical appliances (Census Office) . . 12,234 2 10 Photographic apparatus .. .. .. 3,773 7 4 Assets in Suspense .. .. .. .. 3,378 1 3 Cash in hands of receivers .. . . .. 878 14 8 Advance, Rotorua Golf Club.. .. .. 3,144 6 2 Cash on deposit .. .. .. .. 4,414 14 11 Cash on deposit at Rotorua .. .. .. 505 4 5 Cash in General Post Office .. .. .. 652 3 7 Remittances in transit and outstanding balances at tourist bureaux .. .. .. 5,076 8 8 Treasury Adjustment Account .. .. 40,957 4 11 Income and Expenditure Account: Excess expenditure over income .. .. .. 102,490 18 4 £1,017,388 5 10 £1,017,388 5 10 Note. —The accounts include charges against the Department for assessed rent, interest, and capital expenditure from Public Works Fund for which the Department possesses no parliamentary appropriations. No part of the premium on conversion of the loan liability of the Public Works Fund, General Purposes Account, is reflected in this account. No charge for the cost of exchange on payments made in London is included in the accounts. G. W. Clinkard, General Manager. J. Houston, 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.-—J. H. Fowler, Deputy Controller and Auditor-General.

B.—l [PT. IV],

DEPARTMENT OF INTERNAL AFFAIRS. HEAD OFFICE (INCLUDING SUBDIVISIONS I, 111, IV, VIII, AND SPECIAL ACTS). Income and Expendituee Account foe the Yeae ended 31st Maech, 1934-. Expenditure. Income Departmental Administrative Charges. By Sundry revenue— ' £ s. d. rn c , . £ s. d. £ s. d. Auctioneers' license fees: eomTo Salaries .. .. 20,430 6 2 mission 301 15 0 Commissions of Inquiry . . 897 15 6. British Nationality of Aliens Freight and cartage .. 320 5 11 Act .. .. 349 15 0 Fresh-water fisheries .. 4,279 14 6 Cinematograph Films, censorLight, power, and water .. 567 5 9 ship of .. .. .. 2 030 0 2 Office-cleaning .. .. 142 4 9 By-laws Act .. .. 99 0 Postage .. •• 293 410 Land Agents Act .. .. 5,928 6 0 P™^ m g and stationery .. 977 12 8 Opossum Revenue .. .. 4 ,282 12 1 Publications .. .. 640 9 2 Passport fees .. .. 2,177 17 8 se,5 e , , . " ■■ 3,448 6 9 Deer herds .. .. 2,209 18 1 -Telephone services •• 351 3 1 Fresh-water fisheries .. 4,937 3 0 Travelling-expenses of officers 664 0 9 Totalizators, Inspection of .. 1,114 2 5 Deer herds, reduction of .. 3,822 6 7 Interest on Loan .. 44 7 0 Entertaining visitors to New Miscellaneous revenue .. 411 18 6 Zealand.. .. 2,749 12 6 Balance carried down .. 288,606 7 4 Totalizators, inspection of .. 1,132 9 9 ' , 19 ™~ „ Turnbull Library, Expenses of 456 15 5 11 j War graves, upkeep of .. 2,217 16 11 Depreciation .. .. 1,826 12 10 Losses in Suspense .. .. 94 10 6 Sundries .. .. . . 626 18 0 45,939 12 4 General Public Service Administrative Charges. £ s. d. To Salaries .. .. .. 58,843 17 2 Fuel for Government offices .. 1,379 3 6 Light, power, and water .. 4,870 11 7 Printing and stationery for Ministers' offices .. .. 553 14 2 Publications for Ministers'offices 255 11 10 Telephone services .. .. 1,112 15 1 Travelling allowances and expenses of Ministers .. 4,298 1 5 Travelling allowances and expenses of private secretaries 1,608 5 6 Travelling allowances and expenses of Ministerial staff . . 151 9 8 Office-cleaning .. .. 1,815 0 3 Ministerial. telegraphic memoranda .. .. .. 5,350 0 0 New Zealand Gazette .. 3,137 5 7 Stores Control Board, expenses of .. .. .. 32 15 10 Charges not allocated . . 389 16 7 Sundries .. .. .. 258 19 11 — 84,057 8 1 Special Acts. £ s. d. To Salaries .. .. .. 15,778 9 2 Appropriation Act, 1926, section 15 .. .. .. 1,035 7 5 16,813 16 7 Other Charges. To Cost-of-living bonus to an- £ s. d. nuitants . . .. 927 10 11 Grants .. .. .. 909 5 4 Rail passes .. .. 96 1 8 Public Service Superannuation Fund, contributions to .. 86,000 0 0 Superannuation Funds: Increased allowances to widows and children .. .. 11,304 5 4 Reimbursement on account of reduction in rate of interest 54,873 0 0 Subsidies to Fire Boards .. 3,305 17 5 World Economic Conference: Expenses of New Zealand delegates .. .. 6,751 19 2 Sundries .. .. .. 1,424 14 5 165,592 14 3 £312,403 11 3 £312,403 11 3 £ s - d. £ s d To Balance brought down .. .. 288,606 7 4 By Miscellaneous revenue .. .. 7 18 6 Interest on capital .. .. .. 2,023 12 1 Balance carried to Balance-sheet . . 290,622 011 £290,629 19 5 £290,629 19 5

B.—l [PT. IV].

DEPARTMENT OF INTERNAL AFFAlRS—continued. SUBDIVISION lI.—GOVERNMENT ACTUARY. Income and Expenditure Account fob the Yeae ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. . ■ ..3,688 411 By Cohtributions from other Departments .. 2, 947 0 2 Rent .. .. •• •• •• 174 10 1 Balance carried down .. .. .. 1,055 16 8 Sundries .. .. •• •• 91 5 8 Depreciation .. • • • • • • 48 16 2 £4,002 16 10 £4,002 16 10 £ s. d. £ s- <i. To Balance brought down .. . • •• 1,055 16 8 By Balance carried to Balance-sheet .. .. 1,080 17 2 Interest on capital .. • • ■ ■ • • 25 0 6 £1,080 17 2 £1,080 17 2 SUBDIVISION V,— HIGH COMMISSIONER. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. To Salaries .. .. •• .. 19,442 6 4 By Sundry revenue— £ s- d. Advertising .. •• •• •• 156 13 3 Salaries .. .. •• •• •• 4,894 0 0 Fuel and light .. .. .. •• 638 311 Shipping charges .. .. .. .. 148 4 6 House allowance: High Commissioner .. 825 0 0 Rent of offices .. .. .. •• o,Uoo lo 7 Grants .. .. •• •• •• 1,000 0 0 Miscellaneous revenue .. .. .• 156 5 0 Maintenance of freehold property .. .. 2,061 511 Balance carried down .. .. .. 26,222 5 4 Office-cleaning .. • • • ■ • • 128 10 1 Official entertainments . . .. ■ • 200 1 3 Postage .. .. ■ • • • • • 1,022 0 4 Printing and stationery . . . . .. 381 8 1 Rent of offices .. .. 6,312 15 4 Repairs to offices . . .. • • • • 208 10 3 Sundries . . . • • • ■ • • ■ 859 7 7 Depreciation . . •. • • ■ • 4,223 11 1 £37,459 13 5 £37,459 13 5 £ s. d. £ s. d. To Balance brought down .. .. .. 26,222 54 By Balance carried to Balance-sheet .. .. 35,541 1 6 Interest on capital .. .. •• 9,318 16 2 £35,541 1 6 £35,541 1 6 SUBDIVISION VI,— MUSEUM. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Salaries .. . • •• 1,959 16 8 By Sundry revenue .. .. •• •• 517 4 Rent of offices .. .. •• •• 1,057 6 8 Balance carried down .. .. .. 3,859 6 3 Sundries . . . . .. • ■ • • 559 7 7 Depreciation . . . • • • ■ • 288 12 8 £3,865 3 7 £3,865 3 7 £ s. d. £ s. d. To Balance brought down .. .. •• 3,859 63 By Balance carried to Balance-sheet .. .. 4,226 12 4 Interest on capital .. .. ■ • • • 367 6 1 £4,226 12 4 £4,226 12 4 SUBDIVISION VII.—EXPLOSIVES BRANCH. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Salaries .. . . • • • ■ • ■ 2,620 5 9 By Explosives license fees .. .. .. 5,333 5 6 Magazine expenses .. .. .. . 1,288 1 9 ' Magazine revenue .. .. .. .. 1,396 5 3 Rent of offices .. .. .. 90 0 0 Storage of powder .. .. .. •• 1,788 8 9 Travelling-expenses . . . . 778 18 4 Sundry revenue .. .. . ■ ■ • 31 J 9 b Sundries .. . • .. ■ • . • 210 19 10 Depreciation . . • ■ • • • • 452 14 6 Balance carried down .. .. . 3,108 18 10 £8,549 19 0 £8,549 19 0 £ s. d. £ 8. d. To Interest on capital . . .. . • ■■ 569 11 2 By Balance brought down .. .. ..3,108 18 10 Balance carried to Balance-sheet . .. 2,539 7 8 £3,108 18 10 £3,108 18 10

B.—l [Pt. IV].

DEPARTMENT OF INTERNAL AFFAlRS—continued. Combined Income and Expenditure Account fob the Yeab ended 31st March, 1934. (Including Subdivisions I to VIII and Special Acts.) jExpenditure. Income. To Balances from separate accounts as under : — £ s. d. By Balances from separate accounts as under : £ s. d. Head Office .. .. .. 290,622 011 Explosives Branch .. .. .. 2,53978 Government Actuary .. .. .. 1,080 17 2 Balance, carried to Combined Balance-sheet 328,931 4 3 High Commissioner .. .. .. 35,341 1 6 Museum . . . . . . . . 4,226 12 4 £331,470 11 11 . £331,470 11 11 Note. —The following charges are included for which the Department possesses no parliamentary appropriation : (a) Interest at 4J per cent, and 2J per cent, on capital as at 31st March, 1934 ; (b) rental assessed by Public Works Department. Balance-sheet as at 31st March, 1934. (Including Subdivisions I to VIII and Special Acts.) Liabilities. Assets. Capital as at 31st March, 1934— £ s. d. £ s. d. Departmental assets : Head Office Public Works Fund .. 182,012 17 10 and Sub-Departments— £ s. d. £ s. d. Consolidated Fund .. 194,825 17 6 Land .. .. .. 14,250 10 G 376,838 15 4 Buildings .. .. .. 171',569 13 6 Creditors— Consumable stores . . . . 597 12 5 Departmental .. .. 1,921 4 8 Tools and utensils .. .. 566 8 10 Sundry .. .. .. 2,770 16 5 Furniture and fittings .. 17,789 1 7 ■—■ 4, 692 1 1 Mechanical appliances . , 3,549 7 3 Rent paid in advance .. .. .. 4 8 6 Motor-vehicles .. 3,813 12 4 Depreciation Reserve .. .. .. 56,226 8 6 Bicycles .. .. .. 9 9 6 Writings off in Suspense .. .. .. 94 10 6 Library .. .. .. 3,334 0 4 Treasury Adjustment Account .. .. 273,314 0 7 Photographic apparatus .. 448 9 8 215,928 5 11 Special departmental assets — Head Office— Turnbull Library Building .. 9,388 4 0 Turnbull Library .. .. 57,504 11 6 Fish-hatcheries .. .. 3,130 15 10 Wharves and beacons .. 295 0 0 Launches .. .. 323 8 1 Traps, horses, and dogs .. 22 0 0 Camp outfit: Inspector under Animals Protection and Game Act .. .. 22 14 4 Camp equipment .. . . 176 14 3 Hunting-equipment .. 47 16 2 Stock of deer-skins .. 963 8 10 71,874 13 0 High Commissioner— Lease of buildings .. 20,425 0 0 Lease of buildings. Suspense Account .. .. 14,623 0 2 Motor accessories .. .. 10 0 0 35,058 0 2 Museum: Exhibits .. .. .. 54,725 3 2 Explosives Branch : Explosives appliances .. 216 1 11 Debtors—• £ g. d. Departmental .. .. 967 3 8 Sundry .. .. 2,320 19 6 Stranded New-Zealanders 1,054 2 5 4,342 5 7 Losses in Suspense .. .. .. .. 94 10 6 Excess of expenditure over income .. .. 328,931. 4 3 £711,170 4 6 £711,170 4 6 Note.—No part of the premium on conversion of the loan liability of the Public Works Fund, General Purposes Account, is reflected in this account. No charge for the cost of exchange on payments made in London is included in the accounts, Malcolm Fraser, Under-Secretary. F. B. Dwyer, 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 note.—J. 11. Fowler, Deputy Controller and Auditor-General.

B.—l [PT. IV].

DEPARTMENT OF JUSTICE. Income and Expenditure Account fob the Year ended 31st March, 1934. Courts and General. Expenditure. Income. £ s. d. To Salaries. £s. d. By Supreme Court: Fees, fines, &c. .. .. 45,929 1 8 Judges.. .. .. .. .. 17,266 2 6 Magistrates' and Warden's Courts: Fees, Magistrates and staff .. .. .. 80,052 3 5 fines, &c. .. .. •• .. 96,102 15 6 Travelling allowances and expenses .. .. 7,088 12 6 Territorial revenue .. .. .. 1 310 Transfer and removal expenses .. .. 462 15 4 License fees re King's Counsel .. .. 17 17 0 Advertising, books, &c. .. .. .. 74 1 9 Proportion of fees under Auctioneers Act, 1928.. 480 15 0 Annotation of statutes . . . . .. 78 2 4 Proportion of fees under Land Agents Act .. 658 14 0 Fuel, light, &c. .. .. .. .. 2,557 1 1 Estreated recognizances .. .. .. 10 0 0 Postage, telegrams, &o. .. .. .. 1,829 13 4 Assessed rents .. .. .. .. 1,609 6 8 Printing and stationery .. .. .. 2,450 10 1 Jury foes in civil cases .. .. .. 918 0 0 Rents .. .. .. .. .. 624 411 Recovery of maintenance of inebriates .. 727 3 2 Typewriter repairs .. .. .. 81 8 9 Telephones .. .. .. .. 2,289 8 2 Cleaning Courthouses .. .. .. 1,458 10 8 Commission on money-orders . . .. 59 8 9 Cost of inquests .. .. .. .. 3,000 710 Criminal prosecutions .. .. .. 10,553 17 2 Sundry expenses, circuit Courts .. .. 169 18 9 Expenses under Juries Act, 1908 . . .. 888 17 9 Expenses under Reformatory Institutions Act, 1909 .. .. .. .. .. 1,856 0 3 Expenses, Hawkfe's Bay Adjustment Act .. 77 14 3 Expenses, Mortgagors Adjustment Commission 17,755 17 2 Special grants (compassionate allowances, &e.).. 774 11 10 Sundry expenses .. .. .. .. 142 3 8 Fines, &c., written off . . .. . . 1116 10 Repairs and maintenance of buildings .. 3,259 12 11 Depreciation .. .. .. ■ ■ 10,096 14 11 By Balance .. .. .. • • ..18,505 0 1 £164,959 16 11 £164,959 16 11 £ s. d. £ s- d. To Balance .. .. .. .. 18,505 0 1 By Balance, being excess expenditure over income 43,901 16 5 Interest on capital .. .. .. 25,396 16 4 £43,901 16 5 £43,901 16 5 Patent Office. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 3,614 9 9 By Revenue .. ... •• •• 11,759 12 2 Fuel, light, &c. .. .. . . .. 57 19 1 Postage, telegrams, &c. .. . . .. 87 13 6 Printing and stationery .. . . .. 692 0 8 Sundry expenses .. . . . . • . 4 5 7 Assessed rents .. .. .. .. 650 0 0 Depreciation .. .. .. .. 85111 Balance .. .. .. .. ■ • 6,568 1 8 £11,759 12 ~2 £11,759 12 2 £ s. d. £ s- d. To Interest on Capital .. .. .. 280 13 5 By Balance .. .. .. .. .. 6,568 1 8 Balance, being excess income over expenditure 6,287 8 3 £6,568 1 8 £6,568 1 8 Bankruptcy. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. •• 6,268 3 1 By Revenue .. .. .. •• 7,476 14 4 Advertising .. .. .. ■ ■ 230 7 11 Fuel, light, &c. .. . • • • • • 36 10 9 Law-costs .. .. .. • • 11110 Postage, telegrams, &c. .. .. .. 299 5 8 Printing and stationery .. . . ■ . 147 7 2 Remuneration to Deputy Assignees .. .. 1,701 18 5 Rents 1,404 10 9 Travelling allowances and expenses .. .. 27 15 6 Sundry expenses ........ 6 3 5 , Depreciation .. .. .. •• 88 01 1 — Balance .. 2,744 19 5 £10,221 13 9 £10,221 13 9 £ s. d. 1 To Interest on capital .. .. 60 12 0 _ £ s. d. Balance, being excess income over expenditure 2,744 19 5 By Balance, being excess expenditure over income II o £2,805 11 5 £2,805 11 5

B.—l [PT. IV].

DEPARTMENT OF JUSTlCE—continued. Income and Expenditure Account —continued. Registrar-General's Office. Expenditure. £ s. d. Income. To Salaries .. .. .. .. .. 7,019 1 3 By Revenue: Registration and other fees— £ s. d. Registration of births, deaths, and marriages— Registration of births, deaths, and marriages 18,644 4 1 Payment to non-permanents .. .. 523 2 5 Dentists Act .. .. .. .. 9 5 0 Payment to Post Office .. .. .. 1,511 19 7 Postage, telegrams, &c. .. .. .. 538 12 4 Printing and stationery .. .. .. 760 2 9 Rents .. .. .. .. .. 773 1 5 Sundry expenses .. .. .. .. 237 6 5 Suspense Account .. .. .. 0 13 Depreciation .. .. .. .. 188 15 0 Balance .. .. .. .. .. 7,101 6 8 £18,653 9 1 £18,653 9 1 £ s. d. £ s. d. To Interest on capital .. .. .. 112 12 6 By Balance .. .. .. .. .. 7,101 6 8 Balance, being excess income over expenditure 6,988 14 2 £7,101 6 8 £7,101 6 8 PRISON AND BORSTAL INSTITUTIONS. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Rations .. .. .. .. 20,486 16 7 By Rent of departmental buildings .. .. 3,670 010 Clothing, footwear, and equipment .. .. 7,299 9 9 Sundry credits and recoveries .. .. 5,103 13 10 Earnings, wages, and gratuities, prisoners and Value of prison labour capitalized on works .. 3,687 10 9 dependants .. .. .. .. 16,681 15 0 Surplus on industry working .. .. 9,058 12 4 Hospital maintenance and medicines .. 1,358 II 7 Net cost, departmental upkeep (£B9 14s. Bd. Transport and travelling expenses .. .. 4,908 9 5 per prisoner per annum) .. .. 133,517 7 2 Maintenance of buildings and grounds .. 1,327 4 0 Salaries and allowances .. .. .. 47,287 13 2 Fuel, light, water, &e. .. .. .. 5,996 14 10 Postage, telegrams, stationery, &c. .. .. 1,099 10 4 106,446 4 8 Interest and depreciation .. .. .. 44,493 17 7 Head Office administration ex- £ s. d. penses .. .. .. 4,454 15 6 Less surplus, General Store Accounts .. .. 357 12 10 4,097 2 8 £155,037 4 11 £155,037 4 11

B—B. 1 [PT. IV].

— N f Balances after Labour Public Account charging Labour, Surplus. Industry accounts — £ s. d. £ s. d. £ s. d. Blockmaking .. .. Cr. 72 15 2 37 12 6 110 7 8 Bootmaking and repairs .. .. Cr. 677 8 0 878 4 4 1,355 12 4 Brickworks . . .. .. Dr. 2,283 6 11 Nil 2,283 6 11* Farming .. .. .. Dr.11,793 7 6 7,361 4 3 4,432 3 3* Gardening .. .. .. Dr. 531 12 9 918 8 7 386 15 10 Laundering .. .. .. Cr. 787 14 7 537 18 0 1,325 12 7 Roadwork and transport .. .. Cr. 3,320 2 4 3,949 9 6 7,269 11 10 Quarrying .. .. .. Dr. 1,965 12 6 3,451 1 6 1,485 9 0 Clothing industry .. Cr. 2,163 16 1 889 2 3 3,052 18 4 Tobacco culture and manufacture .. Cr. 469 16 7 256 9 9 726 6 4 Scoria Flat roadworks .. .. Dr. 1,148 10 11 723 9 0 425 1 11* Miscellaneous .. .. Cr. 199 1 10 87 8 8 286 10 6 Total .. .. .. Dr. 10,031 16 0 19,090 8 4 9,058 12 4 * Deficit.

B.—l [PT. IV],

DEPARTMENT OE JUSTlCE—continued. PRISONS HEAD OEEICE ADMINISTRATION. Income and Expenditure Account foe the Year ended 31st March, 1934. Expenditure. Income. £ s. d. £ s. d. £ s. d. By Net expenditure for year : Head Office adminisTo Salaries and allowances .. .. 3,357 8 5 tration, transferred to Genera] Income and Advertising, books, &c. .. .. 28 I 7 Expenditure Account .. .. .. 4,454 15 6 Postages, telegrams, printing, and Prisons Board .. .. .. .. 485 8 5 stationery ...... 62 18 0 Office requisites .. .. 15 18 4 Transport and travelling expenses .. 238 13 10 Euel, light, water, and sanitary .. 20 19 0 Grants to Prisoners' Aid Societies .. 90 0 0 Assistance to discharged prisoners 10 9 10 Maintenance of buildings ..111110 Sundry expenses .. .. 1114 10 Rent of buildings .. .. 350 0 0 Interest on capital .. .. 58 15 6 Depreciation of furniture and fittings 98 14 4 4,454 15 0 Prison Board administration (travelling-expenses) 485 8 5 £4,940 3 11 £4,940 3 II PROBATION ADMINISTRATION. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. Income. £ s. d. £ s. d. £ s. d. By Net expenditure for year .. .. 3,243 1 6 To Salaries and allowances .. .. 2,785 10 0 Postages, telegrams, printing, and stationery .. .. .. 172 13 3 Rent of buildings .. .. 11l 0 0 Sundry expenses .. .. 154 19 6 Interest on capital .. .. 7 6 3 Depreciation on furniture and fittings 1112 6 — 3,243 1 6 £3,243 1 6 £3,243 1 6 GENERAL STORES (AUCKLAND AND WELLINGTON). Working Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Revenue. £ s. d. To Opening stocks in store and in transit .. 6,069 18 10 By Raw materials issued to workshops .. .. 7,025 3 9 Manufactured articles received from workshops 12,196 12 6 Sales to other Departments.. .. .. 4,637 13 4 Purchases for issue and for manufacture .. 7,396 13 4 Miscellaneous stores and manufactures issued Freight, cartages, postages, &c. .. .. 76 8 0 to prisons .. .. .. .. 6,482 2 1 Salaries .. .. .. .. .. 222 16 0 Store charges recovered .. .. .. 425 12 3 Prison labour .. ~ .. .. 27 14 0 Closing stocks in store and in transit .. 8,096 0 7 Interest on capital .. .. .. 318166 Surplus to General Income and Expenditure Account . . .. .. .. 357 12 10 £26,666 12 0 £26,666 12*0 BOOTMAKING AND REPAIRING INDUSTRY (AUCKLAND AND INVERCARGILL). Profit and Loss Account for the Year ended 31st March, 1934. Expenditure. Revenue. To Opening stocks — £ s. d. £ s. d. Loose tools .. .. .. .. 199 810 By Manufactures and repairs .. .. .. 5,099 16 0 Work in progress .. .. .. 224 5 1 Closing stocks — Raw materials used .. .. .. 2,730 4 1 Loose tools .. .. .. .. 202 3 2 Tools, machine parts, and repairs .. .. 25 6 6 Work in progress .. .. .. 199 6 3 Euel, light, and power .. .. .. 21 3 9 Freight and cartage .. .. .. 32 8 2 Sundries .. .. .. .. .. 19 6 Prison labour .. .. .. .. 878 4 4 Supervision and officers' labour .. .. 501 5 0 Interest on capital .. .. .. 66 0 4 Depreciation on plant and machinery .. 40 1 10 Rent of workshops .. .. .. 104 0 0 Net profit on industry for year .. .. 677 8 0 £5,501 5 5 £5,501 5 5

Prison labour

B.—l [PT. IV],

DEPARTMENT OF JUSTlCE—continued. WI TAKO BRICKWORKS. Income and Expenditure Account foe the Year ended 31st March, 1934. Expenditure. Revenue. £ s d. To Opening stocks—• £ s. d. £ s. d. By Sale of bricks .. .. .. .. 634 12 11 Loose tools . . .. .. 28 10 10 Sales and transfers of tools and spares .. 21 3 6 Manufactured bricks .. .. 1,094 810 Closing stocks — £ s. d. Sundry stores .. .. 130 3 1 Loose tools .. .. .. 27 12 8 1,253 2 9 Manufacturing bricks .. 370 16 6 Spare parts transferred .. .. .. 4 0 5 Sundry stores .. .. 115 9 1 Interest on capital .. .. .. ..1,13109 : 513 18 3 Depreciation of buildings and plant .. .. 1,059 5 9 Net loss for year .. .. .. .. 2,283 611 Freight and cartage .. .. .. 5 11 11 £3,453 1 7 £3,453 1 7 PAPARUA BLOCK AND TILE MAKING INDUSTRY. Profit and Loss Account for the Year ended 31st March, 1934. Expenditure. it, s. d. Revenue. £ s. d. To Opening stocks: Stock-in-trade .. .. 211 10 11 By Sales and issues of blocks and tiles .. .. 284 4 2 Materials .. .. .. .. .. 108 9 9 Closing stocks: Stock-in-trade .. .. 222 911 Freight and cartage .. .. .. .. 14 6 0 Prison labour .. .. .. .. 37 12 6 Interest on capital .. .. . . .. 33 6 9 Depreciation of buildings and plant .. .. 16 1 0 Supervision and officers' labour .. .. 10 16 0 Tools, machine parts, and repairs .. .. 1 16 0 Profit on working .. .. .. .. 72 15 2 £506 14 1 £506 14 1 WELLINGTON PRISONS : FLOOR-POLISH, LEAD-HEADED NAILS, AND SANDSOAP INDUSTRIES. Profit and Loss Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Revenue. £ s. d. To Opening stocks : Loose tools .. .. . . 210 0 By Manufactured products .. .. .. 585 8 3 Raw materials .. .. .. .. 309 18 1 Closing stocks: Loose tools .. .. .. 210 0 Freight, cartage, and packing .. .. .. 19711 Sundries .. .. . . .. 30 1 9 Prison labour .. .. .. .. 30 15 2 Supervision .. .. .. .. .. 499 Interest on capital .. .. .. .. 6103 Net profit for year .. .. .. .. 184 5 4 £587 18 3 £58718~3 QUARRYING AND GRAVEL-PIT WORKING (AUCKLAND, NAPIER, NEW PLYMOUTH, PAPARUA). Profit and Loss Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Revenue. £ s. d. To Opening stocks: Metal .. .. .. 1,066 5 1 By Sales of metal, &c. .. .. .. 10,363 510 Machine parts, tools, and repairs .. .. 1,019 12 1 Royalty from leases .. .. .. 450 0 0 Explosives .. .. .. .. 213 13 8 Closing stocks : Metal .. .. .. 1,451 18 2 Lubricants .. .. .. .. 51 1 8 Net loss for year .. .. .. .. 1,965 12 6 Horse-feed and harness expenses .. .. 28 3 9 Tractor expenses .. .. .. .. 11l 9 2 Fuel, light, power, and water .. .. 1,163 610 Freight and cartage .. , .. .. 1,960 11 8 Hospital maintenance of accident cases .. 40 8 0 Sundry expenses .. .. .. .. 102 15 4 Prison labour .. .. .. .. 3,451 1 6 Supervision .. .. .. .. 2,489 1 3 Interest on capital .. .. .. 1,349 15 5 Depreciation on buildings, plant, and horses .. 1,183 II 1 £14,230 16 6 £14,230 16 6

B.—l [PT. IV].

DEPARTMENT OF JUSTlCE—continued. LAUNDERING, MENDING, AND SEWING INDUSTRY : POINT HALSWELL AND ADDINGTON. Profit and Loss Account fob, the Yeae ended 31st March, 1934. Expenditure,. £ s. d. Revenue. To Gleaning materials .. .. .. .. 43 0 9 By Laundering for— £ s. d. Mending and sewing materials .. .. 705 8 5 ' Institutions .. .. .. .. 572 18 4 Fuel, light, and power .. .. .. 240 18 0 Government Departments . . .. .. 1,505 7 7 Repairs to plant .. .. .. .. 87 6 8 Sewing for general store .. .. .. 1,100 8 0 Cartage, laundry-work .. .. .. 154 1 8 Maintenance of buildings .. .. .. 24 4 11 Sundries .. .. .. .. .. 13 0 8 Prison labour .. .. .. .. 537 18 0 Supervision .. .. .. .. 448 14 0 Interest on capital . . . . .. .. 72 3 3 Depreciation of buildings and plant .. .. 64 3 0 Net profit for year .. .. .. .. 787 14 7 , % £3,178 13 11 £3,178 13 11 WAIKUNE PRISON ROADMAKING AND MAINTENANCE. Profit and Loss Account for the Year ended 31st March, 1934:. Expenditure. Revenue. £ s. d. To Opening stocks— £ s. d. £ s. d. By Roadwork credits from other Departments .. 9,329 I 3 Horses .. .. .. 157 10 0 Horse cartages .. .. .. .. 193 8 0 Stores .. .. . . 120 7 3 Sales of metal .. .. . . .. 147 10 5 Loose tools and harness .. 104 4 7 Sundry sales .. .. .. .. 201 11 4 382 1 10 Closing stocks — £ s. d. Horse feed and expenses .. .. . . 195 8 4 Horses .. .. .. 101 19 3 Replacements and repairs to implements and Stores .. .. .. 260 011 tools .. .. .. .. .. 76 11 2 Loose tools and harness .. 129 6 0 Freight and cartage .. .. .. 3,132 13 3 • — 491 6 2 Explosives .. .. .. .. 168 7 6 Sundries.. .. .. .. .. 13 18 4 Hospital maintenance, Accident cases .. 114 16 6 Maintenance of buildings .. .. .. 31 6 7 Bad debts .. .. .. .. 122 18 0 Prison labour .. .. .. .. 3,101 3 6 Officers'supervision .. .. .. 1,257 510 Interest on capital .. .. .. 34 10 4 Depreciation of plant .. .. .. 64 9 0 Net profit on working .. .. .. 1,667 7 0 £10,362 17 2 £10,362 17 2 WAIKUNE PRISON SCORIA FLAT ROADWORKS ACCOUNT. Profit and Loss Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Revenue. •£ s. d. To Horse-hire charges .. .. . . .. 99 7 6 By Credits from Tourist Department .. .. 386 2 9 Motor cartages .. .. .. .. 378 11 4 Nominal loss on working: Labour and superTools and equipment .. .. .. 11 2 10 vision, &c. .. .. .. .. 1,148 10 11 Sundry expenses .. . . . . .. 18 9 1 Prison labour .. .. .. .. 723 9 0 Officers' supervision .. .. .. 265 9 8 _ Interest on capital .. .. .. .. 5 0 9 Depreciation .. .. .. .. 33 3 6 £1,534 13 8 £1,534 13 8 WELLINGTON PRINTING INDUSTRY. Working Account foe the Period ended 31st Maech, 1934 (Ten Months). Dr. £ s. d. Gr. £ s. d. To Purchases of paper and stationery, &c. .. .. 109 4 1 By Printed stationery to general store and institutions 213 410 Purchase of loose tools, type, equipment, &c. .. 60 5 0 Closing stocks — £s. d. Sundry expenses .. .. .. .. 7711 Loose tools, type, equipment, &c. .. 52 11 5 Prison labour .. . . .. .. 56 13 6 Paper, &c. .. .. 17 14 9 Supervision and officers' labour .. .. 25 18 0 70 6 2 Interest on capital .. .. .. .. 5 4 0 Depreciation .. .. .. .. 4 2 0 Net profit on working .. .. . . 14 16 6 ( £283 11 0 | £283 11 0

B.—l [PT. IV].

DEPARTMENT OF JUSTlCE—continued. AUCKLAND PRISON CLOTHING INDUSTRY. Profit and Loss Account for the Year ended 31st March, 1934. Expenditure. Revenue. To Opening stocks— £ a. d. By Sales to Government Departments and transfers '' s. d. Completed work and work in pro- £ s. d. to general store .. .. .. .. 6,914 11 1 gress .. .. 28 4 0 Closing stocks— Loose tools .. .. 13 3 5 Completed work and work in pro- £ s. d. 41 7 5 gress .. .. .. 67 19 10 Sundry expenses— Loose tools . . .. .. 12 0 4 Raw materials .. .. .. .. 3,286 14 4 80 0 2 Cleaning materials .. .. .. 15 0 0 Machine parts and repairs .. .. 29 2 7 Fuel, light, power, and water .. .. 98 19 5 Freight and cartage .. .. .. 16 5 6 Prison labour .. .. .. .. 861 8 3 Supervision .. .. .. .. 247 11 0 Interest on capital .. .. .. .. 44 2 6 Depreciation of plant and machinery .. .. 34 4 2 Rent of workshop .. .. .. .. 156 0 0 Net profit on working .. .. .. 2,163 16 1 £6,994 11 3 £6,994 11 3 TOBACCO CULTURE AND MANUFACTURE INDUSTRY (AUCKLAND AND WAIKERIA). Profit and Loss Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s . d. To Opening stocks : Leaf, &c. .. ... .. 303 15 10 By Manufactures to general store .. .. 1,519 4 0 Purchases and transfers of seeds and manures .. 10 11 0 Leaf sales .. .. .. .. .. 211 19 6 Leaf and ingredients used in manufacture .. 146 17 0 Closing stocks — Tools and equipment .. .. .. 8 13 9 Leaf, &c... .. .. .. 414 2 1 Freight, cartage, and packing .. .. 48 13 7 Partly manufactured tobacco .. " 13 6 0 Rent of land .. .. .. 4 10 0 Fuel, light, power, and water .. .. . . 41 6 4 Excise duty on tobacco manufactured .. .. 669 2 1 Preliminary expenses .. .. .. 27 15 6 Sundry expenses .. .. .. .. 5 5 7 Prison labour .. .. ~ .. 256 9 9 Officers' labour and supervision .. .. 128 11 6 Interest on capital .. .. .. .. 29 8 0 Depreciation on buildings .. .. .. 715 1 Net profit for year .. .. .. .. 469 16 7 £2,158 11 7 £2,158 ĪĪ 7 WAIKUNE PRISON MOTOR TRANSPORT. Profit and Loss Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Revenue. £ B d To Opening stocks : Loose tools and stores .. 305 18 7 By Cartages— Benzine, oils, &c. .. .. .. ..1,554 17 10 General .. .. .. .. 11 19 8 Tires and tubes .. .. .. .. 131 2 6 For Government Departments .. .. 1,360 9 4 Machine parts, tools, repairs, and replacements.. 1,009 0 6 For own institution and roadworks .. 4 020 18 11 Freight and cartage .. .. .. 110 9 For other institutions .. .. .. '652 18 2 ® .. .. .. .. .. 32 8 4 Services of mechanics on repairing road plant .. 817 9 Bad debts .. .. .. .. 10 6 6 Sale of benzine, oil, and stores .. .. 106 9 11 Prison labour .. .. ~ .. 848 6 0 Closing stocks: Loose tools and stores .. 376 1 5 Supervision and officers' labour .. .. 389 18 4 Interest on capital .. .. .. .. 77172 Depreciation of motors, plant, &c. .. .. 523 13 4 Net profit on working .. .. .. 1,652 15 4 £6.537 15 2 £6,537 15 2 MINOR KITCHEN GARDENS. Profit and Loss Account for the Year ended 31st March, 1934. Expenditure. Income. To Opening stocks £ s. d. By Sales and transfers of produce— £ S- d. Tools and stores .. .. .. .. 48 16 7 Poultry and eggs .. .. 46 2 6 Live-stock and poultry .. .. .. 198 15 0 Vegetables .. .. " 815 8 6 Vegetables and live-stock feed .. .. 336 0 0 Milk and cream .. .. .. " 300 010 Purchase of seeds and manures .. .. 67 11 10 Pigs, pork, and beef .. 239 8 6 Purchase of poultry-feed .. .. .. 21 17 0 Closing stocksPurchase of cattle-feed and pig-feed .. .. 9 0 3 Live-stock and poultry .. .. 213 5 3 Purchase and transfers of live-stock .. .. 819 6 Vegetables and live-stock feed . 249 9 4 Feed, consumed on farm .. . . .. 72 1 1 Tools and stores .. .. .. .. 57 12 8 Tools, repairs to plant, &c. .. .. .. 216 4 Net loss on working .. .. .. .. 531 12 9 Freight, cartage, &c. ........ 9 5 0 Rent of grazing paddocks .. .. .. 40 0 0 Sundry expenses .. .. .. .. 13 2 7 Prison labour .. .. .. .. 918 8 7 Supervision .. .. .. .. .. 566 4 0 Interest on capital .. .. .. . . 123 17 10 Depreciation of plant, &c. .. .. .. 16 4 9 £2,453 0 4 £2,453 0 4

B.—l [PT. IV].

DEPARTMENT OP JUSTICE —continued. RANGIPO PRISON. Farm Development Account fob the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Development in progress at Ist April, 1933, brought By Value of developed pastures transferred to Land forward .. .. •• •• 838 11 10 Account during year .. .. .. 2,270 2 1 Seeds and manures .. .. . . • ■ 845 10 5 Firewood to institution . . .. •. 71 10 0 Fencing-wire and trees .. .. .. 3 1111 Issues to farm .. .. • • • ■ 414 12 11 Freight and cartage .. .. .. • • 174 8 1 Development in progress at 31st March, 1934, Prison labour .. .. .. • • 618 5 9 carried forward .. .. .. . • 239 2 6 Supervision and officers' labour .. .. 428 14 3 Interest on capital .. .. .. .. 7021 I ~ Depreciation of plant and implements .. .. 16 3 2 £2,9J5 7 b £2,995 7 6 Farm Working Account for the Year ended 31st March, 1934. Expenditure. Income. £ s. d. To Opening stocks •' £ s. d. By Sales and transfers of produce .. .. 1,778 0 8 Live-stock .. .. •• 2,709 14 11 Horse-labour on development, &c. .. .. 243 8 0 Crops .. .. .. •• •• 1,390 13 6 Closing stocks — Stores and tools .. .. .. •• 145 16 8 Live-stock .. .. .. .. 2,405 15 3 Purchase and transfers of live-stock .. .. 187 10 0 Crops .. .. •• •• 1,029 12 0 Purchases and transfers of feed from farm .. 1,289 3 2 Stores and tools .. .. .. .. 149 o 3 Seeds and manures .. .. • • 249 16 9 Loss on working, transferred to Institution AcTools, repairs, and plant maintenance.. .. 54 4 5 count .. .. .. •• •• 2,600 13 5 Freight and cartage, including use of horses and tractor .. .. •• ■ • • • 138 13 9 Tractor expenses .. .. •. • ■ 83 8 5 Sundries .. .. •. • • • • 10 18 0 Prison labour .. .. .. . ■ 205 5 6 Supervision and officers' labour .. .. 284 19 9 Interest on capital .. .. •• 1,422 8 0 Depreciation of buildings, plant, &o. .. .. 34 1 9 £8,206 14 7 £8,206 14 7 PAPARtJA PRISON. Farm Working Account for the Year ended 31st March, 1934. Expenditure. Income. £ s. d. To Opening stocks £ s. d. By Sales and transfers of produce and live-stock .. 4,521 011 Live-stock' .. .. .. .. 1,713 17 1 Closing stocks— Crops .. .. •• 1,919 15 6 Live-stock .. .. .. •• 2,109 4 1 Stores .. .. .. •• •• 225 17 6 Crops .. .. •• •• 1,880 611 Purchase of live-stock .. .. .. 169 13 8 Stores .. .. .. ■ ■ • • 185 14 6 Purchase of feed .. .. .. .. 186 17 6 Net loss on working . . .. .. Bbo ō 8 . Farm-produce consumed on farm .. .. 1,019 18 2 Seeds and manure .. .. .. • • 441 6 4 Fencing and trees .. ■. ■ • 39 3 5 Tools, repairs, and plant maintenance.. .. 114 5 8 Horse-shoeing and repairs to harness .. .. 18 9 1 Veterinary services .. • ■ ■ • 2 16 0 Tractor expenses .. .. . • • • 149 7 6 Freight and cartage .. • ■ • • 35 0 9 Rent and rates .. .. • • • • 19 9 8 Threshing and packing .. .. .. 90 22 Dairy expenses .. .. • • • • 18 12 1 Sundries .. .. • • • • • • 161 10 5 Prison labour .. .. • • • • 940 3 0 Supervision and officers' labour .. .. 798 15 0 Interest on capital .. .. •• •• 1,271 22 Depreciation of buildings, plant, &c. .. .. 225 9 5 £9,561 12 1 £9,561 12 1 HAUTU PRISON. Farm Development Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Development in progress at Ist April, 1933, By Value of developed pastures transferred to Land brought forward .. .. .. .. 3,864 11 8 Account during year .. .. .. 3,088 13 0 Seeds and manures 1,193 17 7 Grazing charges .. .. .. .. 771 9 I Fencing-wire and trees 89 10 9 Development m progress at 31st March, 1934, Freight, cartage, and horse-hire .. .. 326 19 3 carried forward .. .. .. .. 3,J94 0 0 Miscellaneous .. . ■ ■ • • • Prison labour .. .. .. •• 1,321 16 6 Supervision and officers' labour .. . ■ 843 0 0 Interest on capital .. .. .. • • 201 7 4 Depreciation of plant and implements .. 12 19 0 £7,854 2 1 £7,854 2 1

B.—l [PT. IV].

DEPARTMENT OF JUSTlCE—continued. HAUTU PRISON. Farm Working Account for the Year ended 31st March, .1934. Expenditure. Income. £ s. d. 10 Opening stocks £ s . d. By Sales and transfers of produce and live-stock .. 1,626 4 .1 Live-stock ~ . . . „ .. 3,095 6 6 Horse-labour on development, &c. .. .. 403 13 0 Crops .. . . ~ . . .. 441 is 4 Closing stocks— Stores and tools .. .. . . . . 557 3 7 Live-stock .. .. .. .. 3,975 143 Purchase and transfer of live-stock . . . . 613 6 7 Crops .. .. .. .. .. 415 5 0 Feed, &c„ transferred from farm .. 986 16 10 Stores and tools .. .. .. . . 416 1 7 Seeds and manure .. .. .. . . 502 17 2 Loss on working, transferred to Institution Hospital maintenance .. .. .. 7 13 0 Account .. .. .. .. 2,985 9 8 Dip and wool-packs .. . . . . 18 2 7 Tools, repairs and plant maintenance .. 140 13 2 Freight and cartage, including use of horses and tractor .. .. .. .. .. 119 8 11 Tractor expenses .. . . .. .. 28 0 3 Sundries .. .. .. .. . . 40 18 1 Prison labour .. .. . . . , 433 4 6 Supervision and officers' labour .. .. 395 9 0 Interest on capital .. .. .. .. 2,381 6 6 Depreciation of buildings, plant, &c. .. .. 60 2 7 £9,822 7 7 £9,822 7 7 INVERCARGILL BORSTAL INSTITUTION. Farm Working Account for the Year ended 31st March, 1934. Expenditure. Income. £ s . d. To Opening stocks £ s. d. By Sales and transfers of produce and live-stock .. 5,768 12 11 Live-stock .. .. .. .. 2,451 16 6 Sale of firewood and timber .. .. 78 16 4 Crops .. .. .. .. 1,579 9 5 Closing stocks— Miscellaneous stores and tools .. .. 341 11 6 Live-stock .. .. .. .. 2,746 10 0 Purchase of live-stock .. .. .. 687 1 1 Crops . . .. .. .. .. 1,156 14 10 I arm-produce consumed on farm .. .. 1,038 18 6 Miscellaneous stores and tools .. .. 365 15 6 Seeds and manures .. .. .. 145 5 7 Net loss on working .. .. .. 3,97] 11 2 Sacks and threshing .. .. . . 104 8 7 Fencing and trees .. .. .. >. 51 11 5 Horse-shoeing and repairs to harness .. 49 7 11 Veterinary services .. . . .. 4 14 4 Tools, repairs, and plant maintenance .. 63 3 0 Purchase of feed .. .. .. .. 5 15 0 Freight and cartage .. .. .. 38 3 7 Fuel and oil .. .. .. .. 1117 3 Purchase of ration potatoes .. .. 12 5 3 Rent and rates .. .. .. .. 394 2 1 Maintenance of farm buildings and roads .. 32 17 6 Dairy expenses .. .. .. .. 80 5 5 Sundries .. .. .. .. .. 79 12 6 Prison labour .. .. .. .. 1,279 7 6 Supervision and officers'labour .. .. 1,713 10 0 Interest on capital .. .. .. 2,270 17 6 Depreciation of buildings, plant, and leaseholds 1,651 19 4 £14,088 0 9 £14,088 0 9 WAIKERIA BORSTAL INSTITUTION. Farm Working Account for the Year ended 31st March, 1934. Expenditure. Income. £ s. d. To Opening stocks £ s. d. By Sales and transfers of produce and live-stock .. 14,710 10 7 Live-stock .. . . .. . . 9,223 14 6 Closing stocks — Crops .. .. .. .. .. 3,234 7 2 Live-stock .. .. .. .. 10,094 17 2 Stores and tools.. .. .. .. 1,414 2 0 Crops, &c. .. .. .. .. 2,785 16 6 Apiary. . .. .. .. ~ 30 2 4 Miscellaneous stores and tools .. .. 1,035 4 3 Purchase of live-stock .. .. .. 2,084 8 2 Apiary.. .. .. .. .. 34 18 5 Purchase of feed .. .. .. .. 87 9 2 Net loss on working .. .. .. 732 13 2 Farm-produce consumed on farm .. .. 3,120 13 6 Seeds and manures .. .. .. 550 17 8 Fencing and trees .. .. .. 191 3 3 Tools repairs, and plant maintenance .. 157 9 4 Horse-shoeing and repairs to harness .. 69 14 11 Veterinary services .. .. .. 2 18 7 Freight and cartage, including use of horses . . 104 13 5 Sacks and threshing and cases .. .. 19 17 2 Dairy expenses . . .. . . .. 22 15 9 Orchard spray .. .. .. .. 16 3 0 Blacksmithing . . .. .. .. 88 7 7 Sundries .. .. . . .. .. 165 4 9 Co-operative honey shares written off .. 10 0 0 Prison labour .. .. .. .. 3,150 1 6 Supervision and officers'labour .. .. 2,425 6 9 Interest on capital .. .. .. 3,010 11 7 Depreciation of buildings and plant .. .. 213 18 0 £29,394 0 1 £29,394 0 1

B.—l [Pt. IV].

DEPARTMENT OE JUSTlCE—continued. WI TAKO PRISON. Farm Working Account for the Year ended 31st March, 1934. Expenditure. Income. £ B - dTo Opening stocks £ s. d. By Sales and transfers of live-stock and produce .. 3,355 19 10 Live-stock .. .. .. •• 811 8 0 Rent of pig-farm .. .. •• •• 10 0 0 Crops, &c. .. .. .. • ■ 887 7 0 Horses and motor-truck charges transferred .. 168 17 7 Miscellaneous stores and tools .. . ■ 128 18 10 Closing stocks Purchase of live-stock .. .. .. 139 17 0 Live-stock .. .. • • • ■ '&> ' 0 Farm-produce consumed on farm .. .. 264 12 4 Crops, &c. .. .. ■ • n c Purchase of feed .. .. .. .. 33 14 10 Miscellaneous stores and tools .. .. 141 0 b Seeds and manures .. .. .. 154 2 0 Loss on working .. .. •• •• 14 4 Fencing-wire and trees .. .. •. 22 6 Repairs and replacements to tools and implements .. .. .. • • • • 39 4 1 Motor-vehicle expenses .. .. • • 126 12 1 Fuel .. .. . • • • • • 42 0 0 Sundry expenses .. .. .. • • 43 5 7 Hospital maintenance .. .. • • 35 2 0 Prison labour .. .. 1,35323 Supervision and officers' labour .. .. 1,044 19 0 Interest on capital .. . - • • 400 10 8 Depreciation of plant, &o. .. .. • • 58 1 2 £5,564 19 4 £5,564 19 4 COURTS, PRISONS, PATENTS, OFFICIAL ASSIGNEES, AND BIRTHS, DEATHS, AND MARRIAGE OFFICES. Balance-sheet as at 31st March, 1934. Liabilities. Assets. Capital £ s. d. £ s. d. National Development Account Expenditure: £ s. d. Public Works Fund .. 983,596 7 8 Rangitoto Island Improvements .. .. 17,586 8 9 Consolidated Fund .. 242,155 10 2 Land and buildings— „ c „ £ oac Ô Departmental (labour im- Freeholds .. •• 357,306 17 3 provements) .. .. 338,433 14 10 Leaseholds .. •• 13,566 b 3 1,564,185 12 8 Taupo land-development cornDepreciation Reserve .. .. 298,042 17 5 pleted .. .. 77,834 6 7 Sundry creditors — Taupo land - development m Departmental .. .. 2,159 0 7 progress .. 4,233 2 b Sundry 7,827 6 7 Buildings 914,814 17 5 9,986 7 2 1,367,755 10 0 Accrued earnings of prisoners ■ .. .. 6,567 12 8 Libraries .. .. .. .. •• JJ'orl !o o Accrued bankruptcy remuneration .. .. 1,338 2 8 Furniture and fittings .. .. 62,264 13 Z Deposits . .. .. •• •• 41,685 13 7 Stocks of stores on hand .. .. •• 18,462 10 0 Writings-ofl in Suspense 1,495 9 3 Fixed plant .. 36,100 4 4 Implements and machinery .. .. •• 10,7ō0 1/ & Motor-vehicles .. .. •• 7,369 14 3 Lighters .. .. •• 1,012 12 9 Arms and accoutrements .. .. .. 824 17 11 Band instruments .. . • ■ • • • 230 0 0 Loose tools and harness .. .. •• 4,605 6 11 Live-stock .. •• •• 22,508 10 8 Crops and gardens .. .. • • • • 8, 354 14 4 Clothing and bedding .. •• •• 13,452 10 2 Sundry debtors — £ s. d. Departmental .. .. 10,908 610 Sundry .. .. •• 3,285 9 5 14,193 16 3 Cash in Deposit Accounts .. .. •• 41,685 13 7 Expenditure paid in advance .. .. 615 12 2 Butterfat bonuses held on deposit .. .. 1,051 18 4 Postage-stamps on hand . . .. • • 629 0 3 Accrued bankruptcy commission .. .. 2,851 19 4 Writings-ofi in Suspense : Stores and live-stock, &c. 9 3 Treasury Adjustment Account .. .. 110,010 011 Expenditure and revenue balances for year — £ s. d. Courts and Head Office administration .. •• 43,901 16 5 Prisons and Borstal maintenance 133,517 7 2 Prisons Board and probation 3,728 9 11 Bankruptcy .. • ■ 2,805 11 5 Patents, trade-marks, &c. Gr. 6,287 8 3 Births, deaths, and marriages, Gr. 6,988 14 2 170,677 2 6 £1,923,301 15 5 £1,923,301 15 5 Notes. The following charges are included in the accounts, for which the Department possesses no parliamentary appropriations : (a) Rental value as assessed by the Public Works Department: (b) interest on capital. The cost of erection and maintenance ot buildings are appropriated in votes under the control of the Public Works Department. Cost of exchange on payments made m London and premium on loan conversions are not included in the accounts. In certain subsidiary accounts, adjustment ot the analysis ot opening stocks has been made. T ttici a x t j.F B. L. Dallard, Under-Secretary of Justice. G. 0. Hall, A.R.A.N.Z., Accountant. 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 thereby, subject to the above departmental notes, and to the comment: No charge for Head Office administration has been made against the various Industry Working Accounts. —G. F, C. Campbell, Controller and Auditor-General.

B. —1 [PT. IV].

KAURI-GUM INDUSTRY ACCOUNT. Balance : sheet as at 31st March, 1934. Liabilities. £ s. d. Asset*. £ s. d. Capital: Debentures at 3J per cent. .. .. 57,000 0 0 Realization Account .. .. .. .. 15 1 0 Writings-off reserve .. .. .. .. 1,591 12 11 Advances on gum .. .. .. .. 211 10 Treasury Adjustment Account .. .. 17,802 1 4 Sundry debtors, Kauri-gum Control Board .. 8 14 0 Cash : Consolidated Fund—Deposits, miscellaneous 951 0 3 Investments, Public Debt Redemption Fund .. 829 19 6 Losses in Suspense . r .. .. .. 1,591 12 11 Accumulated loss (account abolished, 31st March, 1931) .. .. .. .. .. 72,994 14 9 £76,393 14 3 £76,393 14 3 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. I hereby certify that the Balance-sheet has been duly examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby.—J. H. Fowler, Deputy Controller and Auditor-General. DEPARTMENT OE LABOUR. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Salaries, agents' allowances, and overtime .. 34,115 11 9 By Penalties imposed by the Court in action brought Advertising, supply of newspapers, &c. .. 127 9 9 for breaches of awards and certain sections of Motor-cars, motor-cycles, and bicycles: Main- the Industrial Conciliation and Arbitration tenance and repairing .. .. .. 611 12 8 Act, 1925, and the Apprentices Act, 1923 .. 183 1 6 Fees payable to assessors on Conciliation Factory registration fees .. .. .. 3,044 15 0 Councils .. .. .. .. 1,306 12 1 Servants'registry office fees .. .. 19 10 0 Freight, cartage, and transport charges .. 57 11 8 Weights and measures verification fees .. 8,715 8 1 Heating and lighting of offices .. .. 189 13 9 Rent of buildings .. .. .. • ■ 63 13 3 Law-costs .. .. .. .. 25 13 6 Revenue from sale of seized scales .. .. 011 6 Postage, telegrams, telephone services, See. .. 1,328 17 9 Charges for use of motor-vehicles and other Printing, stationery, office requisites, and type- incidental services in connection with weights writer repairs .. ». .. .. 1,758 6 5 and measures verification .. .. 1,516 711 Rates and repairs on property .. .. 16 0 Sale of departmental publications .. .. 195 7 9 Rent and rates on office accommodation .. 3,232 9 0 Services to Unemployment Board .. .. 9,723 3 0 Travelling allowance and expenses (Arbitration Excess of expenditure over income before Court and Conciliation Councils, £3,142 6s. 4d. ; charging interest carried down .. .. 25,824 1 8 departmental, £1,665 7s. 6d.) .. .. 4,807 13 10 Commission on sale of publications .. .. 41 14 3 Miscellaneous expenses .. .. .. 52 14 3 Losses on realization of property .. .. 13 310 Compensation : Workers' Compensation Act .. 455 12 5 Provision for depreciation of assets .. .. 1,159 16 9 £49,285 19 8 ' £49,285 19 8 To Excess of expenditure over income before oharg- £ s. d. £ s. d. ing interest brought down .. .. 25,824 1 8 By Excess of expenditure over income .. .. 26,640 9 0 Interest on capital .. .. .. 816 7 4 £26,640 9 0 £26,640 9 0 Note.—The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value assessed by Public Works Department; (b) interest at 4£ per cent, on capital. Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 18,089 11 4 Land and buildings .. .. .. 920 0 0 Creditors — £ s. d. Motor-cars, motor-cycles, and bicycles .. 2,325 14 1 Departmental .. .. 272 10 2 Furniture and fittings .. .. .. 7,281 2 0 Sundry .. . . .. 93 13 7 Mechanical office appliances .. .. 987 4 4 366 3 9 Library books .. .. .. •• 1,848 13 3 Reserves — Weights and measures standards .. .. 4,726 17 8 Depreciation .. .. .. 9,813 19 9 Stationery .. .. .. .. 315 17 6 Bad debts .. .. .. 332 14 2 Stamps .. .. .. .. 114 17 1 10,146 13 11 Payments in advance .. ... .. 55 16 10 Amounts held on deposit .. .. 168 8 10 Debtors — £ s. d. Writings-ofE, Suspense Account .. .. 89 11 7 Departmental .. .. 97 6 9 Treasury Adjustment Account .. .. 17,686 3 7 Sundry .. .. .. 965 11 4 1,062 18 1 Assets in suspense .. .. .. 89 11 7 Deposit accounts — Sundry deposits .. .. 131 2 5 Cash in hand .. .. .. 37 6 5 168 8 10 Cash in hand .. .. .. •• 929 Excess of expenditure over income .. 26,640 9 0 £46,546 13 0 £46,546 13 0 Henry E. Moston, Deputy Chief Inspector of Factories. G. M. F. Jackson, 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 note.—J. H. Fowler, Deputy Controller and Auditor-General.

9—B. 1 [PT. IV].

B. —1 [Pt. IV],

LANI) AND DEEDS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Advertising .. .. .. .. 264 19 3 By General fees .. .. .. .. 35,215 18 10 Draughtsmen's work .. .. .. 8,613 810 Compulsory title fees .. .. .. 3,661 5 0 Office equipment .. .. .. .. 28 16 2 Land-tax registrations .. .. .. 321 1 9 Travelling and transfer expenses .. .. 189 5 11 Balance carried down .. .. .. 17,765 1 1 Re-establishing Napier office .. .. 758 9 3 Cleaning and office expenses .. .. 41 16 9 Binding .. .. .. .. .. 327 10 6 Salaries .. .. .. .. .. 36,361 17 10 Special allowance .. .. .. .. 150 0 0 Postages and telephones .. .. .. 472 12 7 Fuel and light .. .. .. .. 254 0 3 Freight and cartage .. .. .. 14 8 1 Rent .. .. .. ... .. 7,162 15 11 Law-costs .. .. .. .. 48 19 0 Printing and stationery .. .. .. 678 0 2 Grant in lieu of leave on retirement .. .. 28 13 9 Loss on equipment disposed of .. .. 2 7 2 Depreciation .. .. .. .. 1,565 5 3 £56,963 6 8 £56,963 6 8 £ s. d. To Balance brought down .. .. .. 17,765 1 1 By Excess of expenditure over income for year £ s. d. Interest on capital .. .. .. 941 2 5 ended 31st March, 1934 .. .. .. 18,706 3 6 £18,706 3 6 £18,706 3 6 Note.—The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental values as assessed by the Public Works Department; (6) interest on capital; (c) depreciation on assets. Balance-sheet as at 31st March, 1934. Liabilities. £ s. d Assets. £ s. d. Capital Account .. .. .. .. 21,000 9 8 Furniture .. .. .. .. .. 18,882 17 8 Creditors— Mechanical appliances .. .. .. 1,650 8 0 Departmental .. .. .. .. 836 16 5 Library .. .. .. .. .. 467 4 0 Sundry .. .. .. .. .. 65611 Assets in Suspense Account .. .. .. 2 7 2 Reserves — Sundry debtors (departmental) .. .. 119 Depreciation .. .. .. .. 13,756 7 7 Excess of expenditure over income for year ended Writing off .. .. .. .. 2 7 231 st March, 1934 .. .. .. .. 18,706 3 6 Treasury Adjustment Account .. .. 4,048 14 4 £39,710 2 1 £39,710 2 1 J. Murray, Secretary for Lands 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. —J. H. Fowler, Deputy Controller and Auditor-General.

B.—l [PT. IV].

LAND FOR SETTLEMENTS ACCOUNT. Revenue Account for the Year ended 31st March, 1934.

General. Cheviot. Hutt Valley. Total. Dr. £ s. d. £ s. d. £ s. d. £ s. d. To Interest on— Loans .. .. .. .. .. .. 398,127 5 4 5,632 2 7 .. 403,759 7 11 Temporary transfers from other accounts .. .. 56 10 1 .. .. 56 10 1 Capital from proceeds of sales of Crown lands .. .. 74,482 10 2 .. .. 74,482 10 2 Value of Crown lands in estates .. .. .. 8,477 12 0 .. .. 8,477 12 0 National Endowment Trust Funds .. .. .. 1,931 0 8 .. .. 1,931 0 8 Cheviot Estate accumulated funds transferred .. .. 18,508 0 10 .. .. 18,508 0 10 Deposits by lessees under section 208, Land Act, 1924 .. 272 5 9 .. .. 272 5 9 Capital from Land for Settlements Account .. .. .. .. 5,337 12 6 5,337 12 6 Sundry charges re loans— Charges and expenses of raising loans .. .. .. 210 3 2 .. .. 210 3 2 Management charges of New Zealand consolidated stock.. 720 16 0 .. .. 720 16 0 Stamp duty on transfer of stock .. .. .. 637 .. .. 637 Proportion of premium on loan conversions .. .. 2,563 0 0 .. .. 2,563 0 0 Administration expenses — Estates .. .. .. .. .. .. 8,353 8 9 927 2 5 136 9 11 9,417 1 1 Land Laws Amendment Act, 1929 .. .. .. 1,924 13 5 .. .. 1,924 13 5 Rebates— Rents from estates . . .. .. .. .. 17,436 9 1 1,361 3 3 .. 18,797 12 4 Rents: Land Laws Amendment Act, 1929 .. .. 121 15 9 .. .. 121 15 9 Remissions of rent and interest— Land Board recommendations — Receipts from estates .. .. .. .. 94,257 8 8 587 5 10 10 0 0 94,854 14 6 Receipts under Land Laws Amendment Act, 1929 .. 249 14 9 .. .. 249 14 9 Interest on Advances under Deteriorated Lands Act, 1925 49 6 7 .. .. 49 6 7 Under Mortgagors and Tenants Relief Act, 1933 .. 4,265 6 3 121 5 0 .. 4,386 11 3 Under Deteriorated Lands Act, 1925 .. .. .. 517 17 9 .. .. 517 17 9 Irrecoverable rents, &c., transferred to Suspense Account .. 7,936 5 9 .. 957 18 6 8,894 4 3 Annual Appropriation: Vote, Land for Settlements — Expenses— £ s. d. Audit fees .. .. .. .. 250 0 0 Compensation for injuries.. .. .. 284 13 5 Salaries .. .. .. .. 787 10 0 Travelling-expenses .. . . .. 152 14 4 Miscellaneous .. .. .. .. 429 18 9 — 1,904 16 6 .. .. 1,904 16 6 Depreciation of plant, See. .. .. .. .. 193 17 0 .. .. 193 17 0 Miscellaneous expenses incidental to estates .. .. 119 18 0 .. 284 9 4 404 7 4 Interest on Cheviot Estate fixed capital (see contra) .. .. 9,279 17 3 .. 9,279 17 3 Gross loss on trading .. .. .. .. .. .. .. 1,99245 1,992 45 Balance carried down .. .. .. .. .. .. 1,608 3 6 .. 1,608 3 6 £642,686 5 10 £19,516 19 10 £8,718 14 8 £670,922 0 4 £ s. d. £ s. d. £ s. d. £ s. d. To Balance brought forward .. .. .. .. 19,230 0 0 .. 1,429 12 2 20,659 12 2 Adjustment previous year: Interest overcharged on capital 2,425 14 4 .. .. 2,425 14 4 expenditure, Te Wera Adjustment previous year: Miscellaneous .. .. 400 .. .. 400 Transfer to reserve .. .. .. .. .. .. 1,608 3 6 .. 1,608 3 6 £21,659 14 4 £1,608 3 6 £1,429 12 2 £24,697 10 0 Gr. £ s. d. £ s. d. £ s. d. £ s. d. By Rents and royalties—• Estates .. .. .. .. .. 502,297 19 5 19,071 6 11 178 6 8 r 521,547 13 0 Land Laws Amendment Act, 1929 .. .. .. 2,130 11 2 .. .. 2,130 11 2 Interest on sales — Estates .. .. .. .. .. .. 28,382 8 3 315 10 0 7,110 15 10 35,808 14 1 Land Laws Amendment Act, 1929 .. .. .. 726 3 11 .. .. 726 3 11 Interest on capital expenditure — £ s. d. Te Wera Estate .. .. .. 3,913 16 5 Brinklands Estate .. .. .. 740 6 0 Hutt Valley .. .. .. .. 5,337 12 6 Land development .. .. .. 8,931 5 2 18,923 0 1 .. .. 18,923 0 1 Interest in advances —■ Land Laws Amendment Act, 1929 .. 7,810 8 5 Deteriorated Lands Act, 1925 .. .. 631 13 7 — 8,442 2 0 .. .. 8,442 2 0 Interest on investments .. .. .. 1,98341 .. .. 1,98341 Interest on investments in Public Debt Redemption Eund .. 49,120 9 4 130 2 11 .. 49,250 12 3 Valuation fees, sections 7 and 14, Land Laws Amendment 140 1 0 .. .. 140 1 0 Act, 1929 Miscellaneous .. .. .. .. .. 2,030 9 4 .. .. 2,030 9 4 Interest on Cheviot Estate: Fixed capital (see contra) .. 9,279 17 3 .. .. 9,279 17 3 Balance carried down .. .. .. .. .. 19,230 0 0 .. 1,429 12 2 20,659 12 2 £642,686 5 10 £19,516 19 10 £8,718 14 8 £670,922 0 4 £ s. d. £ s. d. £ s. d. £ s. d. By Balance brought forward .. .. .. .. .. 1,608 3 6 .. 1,608 3 6 Transfer to Profit and Loss Appropriation Account .. .. .. 1,429 12 2 1,429 12 2 Transfer to reserve ., .. .. .. ■■ 21,659 14 4 .. .. 21,659 14 4 £21,659 14 4 £1,608 3 6 £1,429 12 2 £24,697 10 0

B.—l [PT. IV].

LAND FOR SETTLEMENTS ACCOUNT —continued. Balance-sheet as at 31st March, 1934. Liabilities.

General. Cheviot. ! Na m™t Hutt Valley. Total. , . I | Loan capital— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 3 per cent. .. 354,165 0 0 3J per cent. ..5,791,733 5 11 .. 160,918 0 0 3£-per cent. .. 214,150 0 0 4 per cent. .. 5,654,579 3 11 4£ per cent. .. 37,739 12 3 5 per cent. .. 155,520 0 0 5| per cent. .. 1,500 0 0 5J per cent. .. 19,580 0 0 Treasury Bills, 2f per cent. .. .. 65,000 0 0 Funded Debt, £4 19s. 5-88d. .. .. 33,446 6 11 Debentures not converted .. 400 0 0 12,327,813 9 0 Less reduction, Finance Act (No. 2), 1,138,600 0 0 1927 11,189,213 9 0 Crown lands included in estates .. 211,940 0 0 Sales of Crown land .. .. 2,452,870 8 0 13,854,023 17 0 Less amount expended in opening up 429,788 1 5 Crown lands 13,424,235 15 7 160,918 0 0 .. .. 13,585,153 15 7 Accumulated funds — Cheviot Estate .. .. .. .. 462,705 12 1 .. .. 462,705 12 1 National Endowment Trust .. .. .. .. | 106,671 8 0 .. 106,671 8 0 Deposits by lessees under section 208, 9,015 16 3 .. .. .. 9,015 16 3 Land Act, 1924 Sundry creditors — Interest on capital from proceeds of sale 14,482 10 2 of Crown lands Interest on National Endowment Trust 31 0 8 funds Interest on loans due and unpaid .. 991 12 0 Turakina Domain .. .. •. 317 3 1 Departmental .. .. .. 1,549 18 10 .. 48 10 0 Miscellaneous .. .. ■ ■ 759 5 0 18,131 9 9 .. 48 10 0 .. 18,179 19 9 Interest on loans accrued but not due .. 102,450 17 10 1,373 6 3 .. .. 103,824 4 1 Interest on loans unrecouped to Con- 1,045 5 11 5,632 2 7 .. .. 6,677 8 6 solidated Fund Hutt Valley estates — Purchases .. .. .. .. .. .. 164,760 11 9 Roading and incidental expenses .. .. .. .. 224,058 8 9 Interest .. .. .. .. .. .. .. 66,680 17 10 455,499 18 4 Less deductions, section 11 (2a), .. .. .. 286,988 15 5 Finance Act, 1932 168,511 2 11 168,511 2 11 Railway Improvements Authorization Act, .. .. .. 1,014 14 1 1,014 14 1 1914 : Interest on capital Land Laws Amendment Act, 1929 : Land subject to section 8—■ Crown Lands Account .. .. 35,392 7 6 National Endowment Account .. 8,200 10 2 Primary Education Endowment Account 177 19 1 43,770 16 9 .. .. .. 43,770 16 9 Discharged Soldiers Settlement Account — Merged interests under section 20, Discharged Soldiers Settlement Amendment Act, 1923— Not yet payable .. .. .. 2,982 19 0 Principal instalments .. .. 56 17 11 3,039 16 11 .. .. .. 3,039 16 11 Payments in advance— Receipts derived from estates : Rents, 7,741 11 5 11 11 6 .. 19 19 11 &c. Principal instalments: Sales of Crown 6,078 12 5 .. 23 11 4 land Interest on advances under Deterio- 19 1 rated Lands Act, 1925 Land Laws Amendment Act, 1929 : 3 5 4 Rents, &c. 13,824 18 3 11 11 6 23 11 4 19 19 11 13,880 1 0 Rents charged in advance .. .. 129,933 7 5 6,365 4 2 " 2 12 6 136,301 4 1 Depreciation Reserve on plant, &c. .. 2,334 10 0 .. .. .. 2,334 10 0 Suspense Account: Deteriorated Lands 888 6 11 .. . . .. 888 6 11 Act, 1925 Suspense Account: Buildings .. .. 309 15 2 .. .. .. 309 15 2 Writings-off in Suspense .. .. 6,467 2 3 .. .. 655 10 8 7,122 12 11 Reserve for capitalized interest on Land- 20,278 3 0 .. .. .. 20,278 3 0 development schemes Reserve Account, including unexpended 917,501 19 3 6,244 13 10 .. .. 923,746 13 1 loading for roads, &c. Profits and Loss Appropriation Account.. .. .. .. 118,362 9 4 118,362 9 4 Cheviot Estate Account, as per contra .. 238,691 15 8 .. .. .. 238,691 15 8 National Endowment Trust Account, as 53,957 10 6 .. .. .. 53,957 10 6 per contra — £14,985,877 7 5 £643,250 10 5 £106,743 9 4 £288,566 9 5 £16,024,437 16 7

B.—l [PT. IV].

LAND FOR SETTLEMENTS ACCOUNT—continued. Balance-sheet as at 31st March, 1934—continued. Assets.

. General. Cheviot. Trast?*" Hutt Valley. Total. Land Account— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Estates leased .. .. .. 10,394,792 5 10 384,467 9 1 Estates unlet .. .. .. 305,855 17 0 365 0 0 .. 111,095 0 0 10,700,648 2 10 384,832 9 1 .. 111,095 0 0 11,196,575 11 11 Land Laws Amendment Act, 1929 — Leased land .. .. .. 77,825 0 0 Unlet land .. .. .. 10,300 0 0 88,125 0 0 .. .. .. 88,125 0 0 Provisional State forest .. .. 3,158 6 6 .. .. 3 J58 6 6 Lands acquired under Native Land 1,135 19 9 .. .. .. l'l35 19 9 Amendment Act, 1932 (partly acquired interests) 11,288,994 18 2 Unpaid purchase price (not yet payable) — Buildings on estates .. .. 124,841 4 0 25 13 11 Sales of settlement land .. .. 500,014 9 4 5,698 10 0 .. 138,248 7 0 Sales of Crown land .. .. 549,625 9 9 .. 51,524 16 10 Land Laws Amendment Act, 1929 — Buildings .. .. .. 253 5 10 Sales of land .. .. .. 12,872 19 2 1,187,607 8 1 5,724 3 11 51,524 16 10 138,248 7 0 1,383,104 15 10 Realization Account .. .. .. 99 4 4 .. .. _. 99 4 4 Hutt Valley estates —• Purchases .. .. .. 164,760 11 9 Roading and incidental expenditure .. 224,058 8 9 Interest .. .. .. .. 66,680 17 10 455,499 18 4 Less deduction, section 11 (2a), 286,988 15 5 Finance Act, 1932 168,511 2 11 .. .. .. 168,511 2 11 Railway Department: Balance unpaid on .. .. .. 26 389 8 0 26 389 8 0 area taken for workshops Advances on mortgages— Deteriorated Lands Act, 1925— I Current Account .. .. 10,218 13 11 Instalment .. .. .. 1,490 3 0 Land Laws Amendment Act, 1929 — Current Account: Crown land .. 121,407 19 8 Current Account: Settlement land 17,983 14 9 Instalment: Crown land .. .. 2,536 11 11 153,637 3 3 .. .. .. 153,637 3 3 Improvements and live-stock on estates — Te Wera Estate .. .. .. 118,210 18 5 Brinklands Estate .. .. .. 19,694 3 7 137,905 2 0 .. .. .. 137,905 2 0 Plant and machinery .. .. 3,886 0 0 .. .. .. 3,886 0 0 Land Laws Amendment Act, 1929 : Expenditure on development of Crown and settlement lands—• Crown lands— Improvements .. .. .. 128,112 16 1 Equipment .. .. .. 10,203 8 10 Stock and Farm Accounts .. 14,639 17 11 Settlement lands— Improvements .. .. .. 85,551 7 8 Equipment .. .. .. 6,422 7 0 Stock and farm accounts .. 19,502 13 3 264,432 10 9 .. .. .. 264,432 10 9 Interest on capital expenditure .. 20,278 3 0 .. .. .. 20,278 3 0 Carried forward .. .. 12,729,424 3 5 390,056 13 0 51,524 16 10 275,732 15 0 13,447,238 8 3

B.—l [Pt. IV].

LAND FOR SETTLEMENTS ACCOUNT—continued. Balance-sheet as at 31st March, 1934—continued. Assets —continued.

W. Robertson, Under-Secretary for Lands. W. E. Shaw, Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the following exception : No interest has been allowed to the Cheviot Estate in respect of the assets of the Cheviot Estate Account, which have been transferred to the Land for Settlements Account; and, moreover, the Cheviot Estate has been charged interest on the value of such assets other than cash. As a result, the accounts do not disclose the true amount of revenue earned by the Cheviot Estate and the Land for Settlements Account respectively. The following comments are appended : (1) The account contains no charge for the cost of exchange on payments of interest made in London ; nor has any credit been allowed for exchange on the proceeds of sales of farm-produce overseas ; (2) to avoid delay, the accounts of some land districts, the audits of which have not yet been completed by the local Audit Inspectors, have been accepted from the Department's records. —J. H. Fowler, Deputy Controller and Auditor-General.

General. Cheviot. Endowment TruBt. Hutt Valley. Total. £ s. d. £ s. d. £ s. d. £ 3. d. £ s. d. Brought forward .. .. 12,729,424 3 5 390,556 13 0 51,524 16 10 275,732 15 0 13,447,238 8 3 Postponements of rents, interest, &c.— Under Land Act, 1924— Receipts derived from estates .. 125,876 0 2 882 11 9 Sales of Crown land .. .. 444 19 1 .. 151 9 8 Land Laws Amendment Act, 1929 : 125 9 6 Rents, &c. Interest on advances under Deterio- 16 8 8 rated Lands Act, 1925 Under Mortgagors and Tenants Relief Act, 1933— Receipts derived from estates .. 4,959 10 0 356 2 0 Sales of Crown land .. .. 78 15 9 131,501 3 2 1,238 13 9 151 9 8 .. 132,891 6 7 Sundry debtors for— Interest on advances under Deteriorated 1,129 15 8 Lands Act, 1925 Rents, royalties 523,066 19 11 8,337 11 1 .. 222 17 11 Principal instalments : Advances under 23 4 6 Deteriorated Lands Act, 1925 Principal instalments: Buildings .. 14,840 6 11 2 10 1 Principal instalments : Sales of Crown 18,580 12 1 .. 1,109 12 4 land Principal instalments: Sales of settle- 29,537 2 0 143 0 0 .. 3,035 3 6 ment land Interest on sales of Crown land : Sec- 199 14 9 tion 5, Land Laws Amendment Act, 1912 Interest on sales of settlement land .. 22,794 14 2 818 4 7 .. 8,322 18 11 Land Laws Amendment Act, 1929— Rents .. .. ■ ■ • • 596 13 7 Interest on sales.. .. • • 153 3 2 Interest on advances under sections 8,681 2 4 7 and 14 Principal instalments: Sales under 30 5 9 section 8 Principal instalments : Mortgages .. 12 19 9 Insurances .. ■■ •■ 50 7 0 Departmental .. .. 1,733 16 6 Miscellaneous .. .. •• 4,665 15 4 626,096 13 5 9,301 5 9 1,109 12 4 11,581 0 4 648,088 11 10 Premium on loan conversions .. 23,067 0 0 .. .. .. ,23,067 0 0 Interest accrued but not due on— Investments .. . • • • 467 17 5 .. .. .. 467 17 5 Sales under deferred-payment licenses, 7,135 6 7 78 7 3 .. 587 10 0 7,801 3 10 &c. Outstanding losses: In Suspense .. 6,467 2 3 .. .. 655 10 8 7,122 12 11 Investment in Public Debt Redemption 1,275,057 4 11 3,383 15 0 .. • • 1,278,440 19 11 Fund Consolidated Fund: Proportion of interest 114,100 17 8 .. .. .. 114,100 17 8 on Loan Account Land for Settlements Account: General, .. 238,691 15 8 53,957 10 6 .. 292,649 6 2 as per contra Cash 50,341 19 4 .. .. 9 13 5 Imprests outstanding— £ s. d. In the Dominion •. 16 16 1 In London .. .. 13 2 17 19 3 Investment Account: Securities held .. 22,200 0 0 .. .. . ■ 72,569 12 0 £14,985,877 7 5 £643,250 10 5 £106,743 9 4 £288,566 9 5 £16,024,437 16 7

B.—l [PT. IV],

LANDS AND SURVEY DEPARTMENT. AUCKLAND MUSEUM ENDOWMENT ACCOUNT. Receipts and Payments Account foe the Year ended 31st March, 1934. Receipts. £ s. d. Payments. £ s. d. To Balance : Cash in Local Bodies' Deposit Accounts By Payments to Auckland Museum Trustees under of the Receivers of Land Revenue at North section 4, Auckland Museum Endowment Act, Auckland, Auckland, and Gisborne, on account 1882— £ s. d. °f — £ s. d. Sales of land .. .. .. 143 18 5 Sales of land .. .. .. 5 5 7 Rents and interest. .. .. 57 15 7 Rents and interest .. .. 21 11 10 201 14 0 26 17 5 Administration expenses .. .. .. 2 0 8 Sales of land .. .. .. .. 138 12 10 Balance : Cash in Local Bodies' Deposit Accounts Rents and interest .. .. .. 40 15 2 of the Receivers of Land Revenue at Auckland and Gisborne on account of rents and interest .. 2 10 9 £206 5 5 £206 5 5 Revenue Account for the Year ended 31st March, 1934. m A , ■ Dr ' ■ £ s. d. Cr. £ s. d. lo Administration expenses .. .. .. 2 13 By Accrued rents and interest .. .. 41 5 7 Irrecoverable rents .. .. .. .. 8 8 7 Rebates .. .. .. .. ..088 Balance carried down .. .. .. .. 30 7 1 £41 5 7 £41 5 7 To Amount due to Auckland Museum Trustees of £ s . d. rents and interest as per section 4, Auckland £ s. d. By Balance from previous year .. .. 30 0 6 Museum Endowment Act, 1882 .. .. 57 15 7 Balance brought down .. .. .. 30 7 1 Balance carried forward .. .. .. 2 12 0 £60 7 7 £60 7 7 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Auckland Museum Trustees: Value of Land .. .. .. .. .. 839 8 9 land endowed under Auckland £ s. d. Sundry debtors— £ s. d. Museum Endowment Act, 1882 ..10,000 0 0 Sales of land (not yet payable) .. 17 16 Less repayments to Trustees in Interest on sales of land .. .. 0 9 2 respect of sales of land .. .. 9,283 15 0 Rent ..• .. .. .. 001 716 5 0 17 io 9 Sundry creditors— Interest accrued but not due .. .. .. 1 8 10 Rents paid in advance .. .. 0 0 1 Losses in Suspense .. .. .. .. 2180 Public Account (surplus of assets) .. 140 5 3 Cash in Local Bodies' Deposit Accounts of Miscellaneous .. .. .. 1 16 9 Receivers of Land Revenue— £ s. d. — 142 2 1 Auckland .. .. .. .. 0 1 10 Writings-ofi in Suspense .. .. .. .. 218 0 Gisborne .. .. .. .. 2 811 Revenue Account .. .. .. .. 2 12 0 2 10 9 £863 17 1 £863 17 1 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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. BLUFE HARBOUR ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. £ s. d. Payments. £ s d To Balance in Local Bodies' Deposit Account of Re- By Administration expenses paid to Consolidated Fund ceiver of Land Revenue, Invercargill, on Ist under section 4, Land Laws Amendment Act April, 1933 16 3 0 1927 16 13 4 -^ ents • • • • • • • • • • 333 3 4 Payments to Bluff Harbour Board under section 132, Harbours Act, 1923 .. .. .. 316 10 0 Balance in Local Bodies' Deposit Account of Receiver of Land Revenue, Invercargill, on 31st March, 1934 .. .. .. .. 16 3 0 £349 6 4 £349 6 4

B.—l [PT. IV],

LANDS AND SURVEY DEPARTMENT—continued. BLUFF HARBOUR ENDOWMENT ACCOUNT—continued. Revenue Account foe the Year ended 31st March, 1934. Dr. Cr. £ . d. To Administration expenses due to Consolidated £ s. d. By Balance from previous years .. .. 2,833 8 9 Fund under section 4, Land Laws Amendment Accrued rents .. .. .. .. 1,364 19 11 Act, 1927 .. .. .. .. 16 13 4 Amount due to Bluff Harbour Board under section 132, Harbours Act, 1923 .. .. 332 13 0 Remissions granted under Mortgagors Relief Act, 1931, and amendments .. .. .. 156 17 6 Balance carried forward .. .. .. 3,692 4 10 £4,198 8 8 £4,198 8 8 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 30,028 16 9 Endowment lands .. .. .. .. 30,028 16 9 Rents charged in advance .. .. .. 530 3 7 Sundry debtors for rent .. .. .. 4,096 18 5 Bluff Harbour Board : Amount not yet paid over 16 3 0 Postponed rent .. .. .. .. 125 10 0 Revenue Account .. .. .. .. 3,692 410 Cash in Local Bodies' Deposit Account of Receiver of Land Revenue, Invercargill, on 31st March, 1934 .. .. .. .. .. 16 3 0 £34,267 8 2 £34,267 8 2 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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. CLUTHA RIVER TRUST ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. £ s. d. Payments. £ s. d. To Balance in Local Bodies' Deposit Account of By Amount paid to Trustees of Clutha River Trust Receiver of Land Revenue, Dunedin, on Ist under section 128, River Boards Act, 1908 .. 1,378 1 7 April, 1933 .. .. .. ... 149 5 0 Administration expenses paid to Consolidated Rents .. .. .. .. 1,301 7 3 Fund under section 4, Land Laws Amendment Act, 1927 .. .. .. .. 72 10 8 £1,450 12 3 £1,450 12 3 Revenue Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s. d. To Amount paid to Trustees of Clutha River Trust By Balance brought forward from previous year .. 2,255 7 5 under section 128, River Boards Act, 1908 .. 1,378 1 7 Accrued rent .. .. .. 1,422 7 11 Administration expenses payable to Consolidated Fund under section 4, Land Laws Amendment Act, 1927 .. .. .. .. 65 1 5 Remissions .. .. .. • ■ 578 13 5 Remissions under Mortgagors and Tenants Relief Act, 1932 .. .. .. .. 25 10 0 Balance carried forward .. .. 1,630 8 11 £3,677 15 4 £3,677 15 4 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. •• 28,480 0 0 Endowment lands .. .. .. .. 28,480 0 0 Rents charged in advance .. .. .. 553 6 3 Sundry debtors for rent .. .. .. 1,560 12 8 Revenue Account: Balance carried forward .. 1,630 8 11 Postponed rent .. .. .. .. 62326 £30,663 15 2 £30,663 15 2 i — — W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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],

LANDS AND SURVEY DEPARTMENT—continued. GERALDINE COUNTY RIVER BOARD ENDOWMENT ACCOUNT. Receipts and Payments Account fob the Year ended 31st March, 1934. Receipts. Payments. To Cash in Local Bodies' Deposit Account of the £ s. d. By Geraldine County River Board under Geraldine £ s. d. Receiver of Land Revenue, Cliristchurch, at County River District Act, 1921-22 .. .. 108 1 5 Ist April, 1933 .. .. .. .. 12 15 0 Consolidated Fund—Administration expenses under Rents .. .. .. .. .. 106 12 4 section 4,« Land Laws Amendment Act, 1927 .. 11 511 £119 7 4 £119 7 4 Revenue Account fob the Year ended 31st March, 1934. Dr. Cr. £ s. d. To Administration expenses due to Consolidated Fund £ s. d. By Accrued rent .. '.. .. 246 11 3 under section 4, Land Laws Amendment Act, 1927 10 13 2 Remissions of rent .. .. .. .. 63 1 0 Balance carried down.. .. .. .. 172 17 1 £246 11 3 £246 11 3 .. — £ s. d. To Amount due to Geraldine County River Board under £ s. d. By Balance from previous year .. .. .. 200 18 1 section 7, Geraldine County River Districts Act, Balance brought down .. .. .. 17217 1 1921-22 .. .. .. .. .. 108 1 5 Balance carried forward .. .. .. 265 13 9 £373 15 2 £373 15 2 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 4,432 12 6 Endowment lands— £ s. d. £ s. d. Rents charged in advance .. .. .. 32 5 4 Leased .. .. .. 4,277 0 0 Revenue Account: Balance carried forward .. 265 13 9 Unleased .. .. .. 155 12 6 4,432 12 6 Sundry debtors for rent .. .. .. 297 19 1 £4,730 11 7 £4,730 11 7 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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, subject to the comment: Of the accounts of the Canterbury Land District, the audit of which has not yet been completed by the local Audit Inspector, being in agreement with the Head Office books. — G. F. C. Campbell, Controller and Auditor-General. GORE HIGH SCHOOL ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. £ s. d. Payments. £ s. d. To Rents .. .. .. .. .. 65 0 0 By Administration expenses paid to Consolidated Fund under section 4, Land Laws Amendment Act, 1927 3 5 0 Payment to Board of Governors of Gore High School under section 89, Reserves and other Lands Disposal and Public Bodies Empowering Act, 1919.. 30 17 6 Balance : Cash held in Local Bodies' Deposit Account of the Receiver of Lands Revenue, Invercargill .. 30 17 6 £65 0 0 £65 0 0 Revenue Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. To Balance brought forward from previotis year .. 16 5 0 Accrued rent .. .. .. .. .. 65 0 0 Administration expenses due to Consolidated Fund Balance carried forward .. .. .. 16 5 0 under section 4, Land Laws Amendment Act, 1927 3 5 0 Amount due to Board of Governors of Gore High School under section 89, Reserves and other Lands Disposal Act, 1919 .. .. .. 61 15 0 £81 5 0 £81 5 0 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 1,300 0 0 Land .. .. .. .. .. 1,300 0 0 Rents charged in advance .. .. .. 16 5 0 Revenue Account: Balance carried forward .. 16 5 0 Gore High School Board : Amount not yet paid over 30 17 6 Cash in the Local Bodies' Deposit Account of the Reoeiver of Land Revenue, Invercargill .. 30 17 6 £1,347 2 6 £1,347 2 6 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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. 10— B. 1 [PT. IV],

B.—l [PT. IV"].

LANDS AND SURVEY DEPARTMENT —continued. GREYMOUTH TECHNICAL AND HOKITIKA HIGH SCHOOLS ACCOUNT. Receipts and Payments Account foe the Year ended 31st March, 1934. Receipts. % £ s. d. Payments. £ s. d. To Balance, Ist April, 1933 : Cash in Treasury Deposit By Payments to Consolidated Fund under sections 50 Account .. .. .. .. .. 316 and 50 (3), Finance Act, 1932, and sections 31 Rents .. .. ~ .. .. 248 10 9 and 31 (3), Education Reserves Act, 1928— Compensation for improvements .. .. 200 0 0 Interest on compensation-money .. .. 32 10 0 Administration expenses .. .. .. 13 6 7 Balance : Cash in Treasury Deposit Account at 31st March, 1934 .. .. .. .. 5 15 8 £251 12 3 £251 12 3 Revenue Account for the Year ended 31st March, "1934. Dr. £ s. d. Cr. £ s. d. To Administration expenses (section 31, Education By Accrued rents .. .. .. .. 306 5 3 Reserves Act, 1928, and section 50, Finance Act, 1932).. .. .. .. .. 7 8 5 Consolidated Fund : Interest on amount paid as compensation for improvements, Poerua Run .. 35 0 0 Balance carried down .. .. .. 263 16 10 £306 5 3 £306 5 3 £ s. d. £ s. d. To Transfer of rents to meet capital liabilities .. 200 0 0 By Balance from previous year .. .. .. 39 3 3 Balance carried down .. .. .. 103 0 1 Balance brought down .. .. .. 263 16 10 £303 0 1 £303 0 1 Balance-sheet as at 31st March, 1934. Liabilities. Assets. Capital—• £ s. d. £ s. d. Land — £ s. d. £ s. d. Balance at Ist April, 1933 .. 5,589 2 6 Leased .. .. .. 5,969 15 0 Rents diverted to repayment of Unleased .. .. .. 494 7 6 advances from Consolidated Fund 200 0 0 6,464 2 6 ——— Sundry debtors for rents .. .. .. 148 15 8 Balance at 31st March, 1934 .. .. .. 5,789 2 6 Sundry debtors for royalties .. .. .. 23 13 0 Consolidated Fund : Compensation for Improve- Cash : Treasury Deposit Account as at 31st March, ments, Poerua Run .. .. .. .. 675 0 0 1934 .. . . . . .. .. 5 15 8 Consolidated Fund : Interest on amount paid as compensation for improvements, Poerua Run .. 2 12 3 Rents charged in advance .. .. .. 72 12 0 Revenue Account: Balance carried forward .. 103 0 1 £6,642 6 10 £6,642 6 10 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—J. H. Fowler, Deputy Controller and Auditor-General. HUNTER SOLDIERS' ASSISTANCE TRUST DEPOSIT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. Payments. To Balance in Treasury Deposit Account at Ist By Expenditure under the Hunter Gift for the April, 1933 — £ s. d. £ s. d. Settlement of Discharged Soldiers Act. Cash .. .. .. 326 12 8 1921— Investments .. .. 5,435 0 0 Section 6 (a) — £ s. d. £ s. d. — 5,761 12 8 Administration expenses .. 32 1.6 3 Rents .. .. .. .. .. 610 15 9 Board fees .. .. 16 13 6 Interest on investments .. .. .. 249 11 1 49 9 9 Interest on advances .. .. .. 45 9 5 Section 6 (b) — Repayment of advances —- £ s. d. Advances on current account 611 18 3 Instalment mortgage .. .. 50 12 1.0 Advances on instalment mortCurrent account .. .. 102 3 2 gage .. .. .. 857 0 2 152 16 0 Grants to orphans .. 125 0 0 — 1,593 18 5 "Thirds," "fourths," &c., deducted under section 139 of the Land Act, 1924 .. .. .. 135 15 2 Balance in Treasury Deposit Account at 31st March, 1934— Cash .. .. .. 606 1 7 Investments .. .. 4,435 0 0 5,041 1 7 £6,820 4 11 £6,820 4 11

B.—l [PT. IV].

LANDS AND SURVEY DEPARTMENT—continued. HUNTER SOLDIERS' ASSISTANCE TRUST DEPOSIT ACCOUNT—continued. Revenue Account for the Year ended 31st March, 1934. Dr - Or. £ s. d. To Expenditure under section 6 (a) of the £ s. d. By Accrued rent .. .. .. .. 801 0 0 Hunter Gift for the Settlement of Interest accrued on— £ s. d. Discharged Soldiers Act, 1921— £ s. d. Current account .. .. .. 89 2 3 Administration expenses .. .. 32 16 3 Instalment Account .. .. 62 6 3 Board fees .. .. .. 16 13 6 Investments .. .. .. 200 7 4 49 9 9 351 15 io Grants to orphans under section 6 (b) of the Hunter Gift for the Settlement of Discharged Soldiers Act, 1921 .. .. .. 95 0 0 "Thirds," "fourths," &c., deducted under section 139 of the Land Act, 1924 .. .. 135 15 2 Rebates .. .. . . .. .. 7 13 3 Balance carried down .. .. .. 864 17 8 £1,152 15 10 £1,152 15 10 £ s. d. £ g. d. To Balance to Reserve Account .. .. .. 864 17 8 By Balance brought down .. .. .. 864 17 8 £864 17 8 £864 17 8 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 17,800 0 0 Land endowed by Sir George Hunter (deceased) .. 17,800 0 0 Reserve Account .. .. .. .. 9,386 13 10 Advances on mortgage— £ s. d. Rents charged in advance .. .. .. 200 5 0 Instalment Account .. .. 1,445 16 7 Sundry creditors, miscellaneous .. .. 270 12 7 Current account .. .. 2,113 18 2 3,559 14 9 Sundry debtors— Rent .. .. .. .. 853 16 3 Interest on current account .. 98 18 1 Interest on instalment advances .. 34 3 7 Instalments of principal.. .. 35 13 1 1,022 11 0 Postponed rent .. .. .. .. 190 16 0 Interest accrued but not due— On investments .. .. 23 10 5 On instalment advances.. .. 19 17 8 43 8 I Cash in Treasury Deposit Account at 31st March, 1934— Cash .. .. .. 606 1 7 Investments .. .. .. 4,435 0 0 5,041 1 7 £27,657 11 5 £27,657 11 5 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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. NEW ZEALAND UNIVERSITY (WESTLAND) ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. I Payments. To Balance in Treasury Deposit Ac- £ s. d. By Administration expenses under section 4, Land £ s. d. count, Ist April, 1933— £ s. d. Laws Amendment Act, 1927 .. .. 5 7 7 Cash .. .. .. 463 5 0 Balance in Treasury Deposit AcInvestments .. .. 2,300 0 0 count, 31st March, 1934— £ s. d. 2,763 5 0 Cash .. .. .. 670 14 8 Rents .. .. .. .. .. 107 8 9 Investments .. .. 2,300 0 0 Interest on investments .. .. .. 105 8 6 2,970 14 8 £2,976 2 3 £2,976 2 3 Revenue Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s. d. To Administration expenses under section 4, Land By Accrued rent .. .. .. .. 82 16 8 Laws Amendment Act, 1927 .. .. 5 7 7 Interest on investments .. .. .. 91 11 6 .. . Balance transferred to Capital Account .. 169 0 7 £174 8 2 £174 8 2

B. — 1 [PT. IV].

LANDS AND SURVEY DEPARTMENT—continued. NEW ZEALAND UNIVERSITY (WESTLAND) ACCOUNT—continued. Balance-sheet as at 31st Maeoh, 1934. Liabilities. Assets. £ s. d. Capital— £ s. d. £ s. d. Land .. .. .. .. •• 2,195 0 0 Balance at Ist April, 1933 .. 2,968 12 11 Sundry debtors for rent .. .. .. 4 410 Appreciation of land-values .. 1,995 0 0 Interest on investments accrued but not due .. II 1 9 Transfer from Revenue Account .. 169 0 7 Cash in Treasury Deposit Account— £ s. d. 5,132 13 6 Cash .. .. .. .. 670 14 8 Rents paid in advance .. .. .. 19 2 6 Investments .. .. .. 2,300 0 0 Rents charged in advance .. .. .. 29 5 3 2,970 14 8 £5,181 1 3 £5,181 1 3 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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. NORTH ISLAND EXPERIMENTAL DAIRY SCHOOL ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. Payments. £ s. d. To Balance in Treasury Deposit Ac- £ s. d. £ s. d. By Cost of tree-planting .. .. .. 16 15 9 count at Ist April, 1933 — Administration expenses .. .. .. 9 5 0 Cash .. .. .. 3,036 16 1 Balance in Treasury Deposit Account at 31st Investments .. .. 7,500 0 0 March, 1934 — £ s. d. 10,536 16 1 Cash .. .. .. 3,574 3 6 Rents .. .. .. .. .. 184 19 0 Investments .. .. 7,500 0 0 Interest on investments .. .. .. 378 9 2 11,074 3 6 £11,100 4 3 £11,100 4 3 Revenue Account eor the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. cl. To Administration expenses under section 4, Land Laws By Accrued rent .. .. .. .. .. 245 0 0 Amendment Act, 1927 .. .. .. 9 5 0 Interest on investments .. .. .. 298 7 10 Balance carried down .. .. .. .. 534 2 10 £543 7 10 £543 7 10 To Appropriation of Revenue Receipts on account £ s. d. £ s. d. of expenditure on plantation .. .. 203 2 6 By Balance from previous year .. .. 10,815 12 5 Balance .. .. .. .. .. 11,146 12 9 Balance brought down .. .. .. 534 2 10 £11,349 15 3 £11,349 15 3 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. •• 5,103 2 6 Leased land .. .. .. .. .. 4,900 0 0 Rents in advance .. .. .. .. 23 15 0 Plantation . . .. .. .. .. 203 2 6 Revenue Account— £ s. d. Sundry debtors for rent .. . . .. 60 1 0 Balance, Ist April, 1933 .. 10,815 12 5 Interest on investment accrued but not due .. 36 3 3 Surplus for year .. .. 534 210 Treasury Deposit Account — £ s. d. — Cash.. .. .. .. 3,574 3 6 11,349 15 3 Investments .. .. .. 7,500 0 0 Less appropriation on account 11,074 3 6 of expenditure on plantation 203 2 6 — 11,146 12 9 £16,273 10 3 £16,273 10 3 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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.

B.—l [PT. IV],

LANDS AND SURVEY DEPARTMENT—continued. OTAGO BOYS' AND GIRLS' HIGH SCHOOLS ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. £ s. d. Payments. £ s. d. To Balance in Local Bodies' Deposit Account of Re- By Administration expenses paid to Consolidated Fund ceiver of Land Revenue, Dunedin, at Ist April, under section 4, Land Laws Amendment Act, 1933 .. .. .. ..139 18 11 1927 .. .. .. .. .. 19 5 0 Rents .. .. .. . . .. 404 11 10 Payments to Otago Boys' and Girls' High Schools Board of Governors .. .. .. 365 14 9 Cash in Local Bodies' Deposit Account of Receiver of Land Revenue, Dunedin, at 31st March, 1934.. 159 11 0 £544 10 9 £544 10 9 Revenue Account for the Year ended 31st March, 1934. P. r - £ s. d. Or. £ S. d. To Administration expenses due to Consolidated Fund By Balance brought forward from previous year .. 237 11 0 under section 4, Land Laws Amendment Act, Accrued rents .. .. .. .. 409 4 6 1927 .. .. .. .. 20 4 9 Amount due to Otago Boys' and Girls' High School Board of Governors .. .. .. 517 6 2 Balance carried forward .. .. .. 109 4 7 £646 15 6 £646 15 6 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 8,439 10 10 Endowments lands .. .. .. .. 8,439 10 10 Rents charged in advance .. .. .. 102 6 1 Sundry debtors for rent .. .. .. 211 10 8 Sundry creditors for administration expenses . . 7 19 7 Cash in Local Bodies Deposit Account of Receiver Otago Boys' and Girls' High School Board of of Land Revenue, Dunedin, at 31st March, 1934.. 159 11 0 Governors—Amount not yet paid over .. 151 11 5 Revenue Account—Balance carried forward .. 109 4 7 £8,810 12 6 £8,810 12 6 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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. OTAGO UNIVERSITY ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. £ s. d. Payments. £ s. d. To Cash on hand Ist April, 1933, in Local Bodies By Land for Settlements Account for roading costs Deposit Account of the Receiver of Land (section 45, Land Laws Amendment Act, Revenue at—• £ s. d. 1929) — Dunedin .. .. .. 754 010 Principal .. .. .. .. 1,325 7 11 Invercargill .. .. .. 281 5 8 Interest to 31st March, 1933 .. .. 553 16 6 — 1. 035 6 6 Consolidated Fund: Recoupment of advance for Rents _ •• •• •• 6,394 12 6 improvements compensation (section 6, Otago Royalties .. .. .. .. .. 31 14 7 University Reserves Act, 1906) .. .. 382 210 Sale of land to Forestry Department .. .. 3,724 8 10 Administration expenses paid to Consolidated Fund (section 4, Land Laws Amendment Act, 1927) .. .. .. .. .. 142 4 9 Otago University Council (section 118 (1), Reserves and other Lands, &c., Act, 1917) .. 5,780 10 6 Dunedin Athenaeum (Otago Museum Act, 1877).. 85 12 0 Cash on hand, 31st March, 1934, in Local Bodies' Deposit Account of the Receiver of Land Revenue at— £ s. d. Dunedin .. .. 1,700 17 5 Invercargill .. .. 1,215 10 6 2,916 7 11 £11,186 2 5 £11,186 2 5

B.—l [PT. IV],

LANDS AND SURVEY DEPARTMENT—continued. OTAGO UNIVERSITY ENDOWMENT ACCOUNT —continued. Revenue Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ a. d. To Administration expenses .. .. .. 165 18 5 By Accrued rent .. .. .. .. 7,932 6 4 Remission of rent .. .. .. .. 4,754 0 8 Accrued royalties .. .. .. .. 31 14 7 Balance carried down .. .. .. 6,768 10 8 Sale of portion of endowment land .. .. 3,724 810 £11,688 9 9 £11,688 9 9 To Appropriation of revenue—• £ s. d. £ a. d. Land for Settlements Account, for roading By Balance brought down from previous year .. 7,773 9 11 costs (section 45 of the Land Laws Amend- Balance brought down .. .. .. 6,768 10 8 ment Act, 1929)— Principal .. .. .. 1, 325 7 11 Interest to 31st March, 1933 .. .. 553 16 6 Consolidated Eund : Recoupment of advance for improvements compensation (section 6, Otago University Reserves Act, 1906) .. 382 2 10 Otago University Council under section 118(1), Reserves and other Lands, &c., Act, 1917 .. 8,611 11 11 Dunedin Athenaeum under Otago Museum Act, 1877 .. .. .. .. _ 128 8 0 Balance carried down .. .. .. 3,540 13 5 £14,542 0 7 £14,542 0 7 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ a. d» Capital .. .. .. .. .. 130,416 0 0 Endowment land .. .. .. .. 130,416 0 0 Sundry creditors: Administration expenses .. .42 10 6 Sundry debtors for rent .. .. .. 4,037 7 4 Amount due to Otago University Council under Postponed rent .. .. .. .. 2,595 8 9 section 118 (1), Reserves and other Lands, &c., Cash on hand, 31st March, 1934, in the Local Act, 1917 .. .. .. .. 2,831 1 5 Bodies' Deposit Account of the Receiver of Amount due to Dunedin AthenEeum under Otago Land Revenue at — £ s. d. Museum Act, 1877 .. .. .. 42 16 0 Dunedin.. .. .. 1,700 17 5 Rents charged in advance .. .. .. 3,092 2 8 Invercargill .. .. 1,215 10 6 Revenue Account: Balance carried forward . . 3,540 13 5 2,916 7 11 £139,965 4 0 £139,965 4 0 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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. PRIMARY EDUCATION ENDOWMENT DEPOSIT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. Payments. £ s. d. To Balance £ a. d. £ s. d. By Payments for primary-education purposes 96,446 12 6 Cash in Deposit Account .. 5,217 411 Administration expenses .. .. .. 4,354 19 5 Investment Account .. 11,850 0 0 Maintenance and repairs .. .. .. 108 710 17,067 4 11 Survey costs, &c. .. .. .. .. 39 19 9 Rents under section 30, Education Reserves Refunds of revenue .. •• .. 179 2 10 Act, 1928 .. .. .. 100,320 0 6 Cash in Consolidated Eund De- £ s. d. Sales under section 27, Education Reserves Act, posit Account at 31st March, 1928 .. .. .. .. •• 45 10 0 1934 .. .. 5,875 19 7 Interest on cash and investments held by Public Investment Account .. ..11,850 0 0 Trustee .. .. .. 809 1 10 17,725 19 7 Interest on investments .. ... .. 613 4 8 £118,855 1 11 £118,855 1 11

B.—l [PT. IV].

LANDS AND SURVEY DEPARTMENT—continued. PRIMARY EDUCATION ENDOWMENT DEPOSIT ACCOUNT—continued. Revenue Account fob the Yeae ended 31st Maech, 1934. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 5,021 14 0 By Accrued rents .. .. .. .. 116,178 18 6 Survey costs, &c. .. .. .. .. 112 5 6 Accrued royalties .. .. .. .. 1,835 610 Maintenance and repairs . . .. . . 105 13 4 Interest on cash and investments held by Public Depreciation Reserve on buildings . . . . 24 11 0 Trustee .. .. .. .. 790 5 10 Remissions of rent .. .. .. 12,764 11 2 Interest on investments in Public Account .. 470 14 11 Remissions under Mortgagors and Tenants Re- Recovery of loss written off .. . . 5 10 0 lief Act, 1933 .. .. .. .. 1,252 17 8 Balance .. .. .. .. .. 964 9 8 Remissions under the Deteriorated Lands Act, 1925 .. .. .. .. 116 16 2 Irrecoverable rents .. .. .. 4,377 18 11 Interest under section 20, Discharged Soldiers Settlement Amendment Act, 1923 .. 22 5 6 Payments for primary-education purposes . . 96,446 12 6 £120,245 5 9 £120,245 5 9 £ s. d. £ s. d. To Balance brought down .. .. .. 964 9 8 By Balance from previous year .. .. 80,787 8 4 Adjustments on account of previous year — Adjustment on account of previous year — Hawke's Bay District .. .. .. 010 4 Wellington District . . .. .. 5 9 9 Wellington District .. .. .. 15 0 0 Canterbury District .. .. .. 39 12 0 Balance .. .. .. .. .. 80,101 12 6 Adjustment on account of capital .. .. 249 2 5 £81,081 12 6 £81,081 12 6 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 2,487,690 0 7 Endowment lands — ' £ s. d. £ s. d. Public Works Eund: Roading (section 17, Land Leased .. .. .. 2,363,111 1 11 Laws Amendment Act, 1927) .. .. 3,669 10 6 Unleased .. .. 87,955 9 6 Discharged Soldiers Settlement Ac- Land for Settlements Account : Merged interest under count, section 6, Land section 20, Discharged Soldiers Laws Amendment Act, Settlement Amendment Act, 1929 .. .. .. 177 19 1 1923— £ s. d. 2,451.244 10 6 Advances .. . . .. 425 2 8 Buildings (included in capital Principal instalment .. .. 101 19 5 value of leases) .. 818 8 0 Interest .. .. .. 132 14 .11 Less Depreciation Reserve 241 8 4 659 17 0 576 19 8 Sundry creditors : Departmental .. .. 2,041 7 3 Buildings (purchase price not Rents charged in advance .. .. .. 23,287 13 0 yet payable) .. .. .. 4,694 8 0 Rents paid in advance .. .. .. 571 14 4 Sundry debtors— Royalties paid in advance .. .. .. 9 9 0 Rents .. .. .. 83,901 II 2 Writings-off in Suspense .. .. .. 4,350 6 1 Royalties .. .. 1,268 10 10 Revenue Account balance .. .. .. 80,101 12 6 Sale of land .. .. 240 0 0 Principal instalments on buildings .. .. 409 11 10 Interest on cash and investments .. .. 42 14 0 85,862 7 10 Postponements .. .. .. .. 15,146 8 6 Postponements (under Mortgagor and Tenants Relief Act, 1933) .. .. . . 865 12 3 Interest accrued but not due on investments . . 57 2 9 Losses in Suspense .. .. .. .. 4,350 6 1 Investment with Public Trustee .. .. 21,857 15 1 Cash in Consolidated Fund Deposits Account— £ s. d. Cash .. .. .. 5,875 19 7 Investments .. .. 11,850 0 0 17,725 19 7 £2,602,381 10 3 £2,602,381 10 3 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant,. I hereby certify that the Statement of Receipts and Payments, Revenue Account, and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. The following comment is appended : The charges on land with respect to expenditure under section 47 of the Land for Settlements Act, 1925, or the corresponding provisions of any former Act, have not been abolished as required by section 17 (5) (b) of the Land Laws Amendment Act, 1927.— J. H. Fowler, Deputy Controller and Auditor-General.

B — 1 [PT. IV],

LANDS AND SURVEY DEPARTMENT—continued. TARANAKI SCHOLARSHIP ENDOWMENT ACCOUNT. Receipts and Payments Account fob the Yeab ended 31st March, 1934. Receipts. £ s. d. Payments. £ s. d. To Balance in Treasury Deposit Account at Ist April, By Payments to Public Trustee in terms of section 22, 1933 .. .. .. .. .. 331 7 2 New Zealand University Amendment Act, 1914.. 815 210 Rents .. .. .. .. .. 927 0 8 Administration expenses under section 4, Land Laws Amendment Act, 1927 .. .. 46 7 0 Balance : Cash in Treasury Deposit Account at 31st March, 1934 .. .. .. .. 396 18 0 £1,258 7 10- £1,258 7 10 Revenue Account foe the Year ended 31st March, 1934. Dr. £ s. d. Gr. £ s. d. To Administration expenses payable to Consolidated By Accrued rent .. .. .. .. 946 8 9 Fund under section 4, Land Laws Amendment Act, 1927, and section 31 (2), Land Laws Amendment Act, 1929 .. .. . . .. 46 7 0 Balance carried down.. .. .. .. 900 1 9 £946 8 9 £946 8 9 £ s. d. £ s. d. To Amount due to Public Trustee in terms of sec- By Balance brought forward from previous year .. 178 810 , tion 22, New Zealand University Amendment Balance brought down .. .. .. 900 1 9 Act, 1914 .. .. .. .. 1,212 010 Balance carried forward .. .. .. 133 10 3 £1,212 0 10 £1,212 0 10 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 19,343 16 8 Endowment lands .. .. .. .. 19,343 16 8 Public Trustee : Amount not yet paid over .. 396 18 0 Sundry debtors for rent .. .. . . 108 9 9 Rents charged in advance .. .. .. 242 0 0 Revenue Account .. .. .. .. 133 10 3 Cash in Treasury Deposit Account at 31st March, 1934 .. .. .. .. .. 396 18 0 £19,982 14 8 £19,982 14 8 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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. VICTORIA COLLEGE ENDOWMENT ACCOUNT. Receipts and Payments Account fob the Yeab ended 31st Mabch, 1934. Receipts. £ s. d. Payments. £ s. d. To Rents .. .. .. .. .. 29 19 6 By Administration expenses under section 39, Victoria College Act, 1905 .. .. .. .. 1 10 0 Balance in Treasury Deposit Account at 31st March, 1934 .. .. .. .. 28 9 6 £29 19 6 £29 19 6 Revenue Account fob the Year ended 31st Mabch, 1934. Dr. £ s. d. Gr. £ s. d. To Administration expenses due to Consolidated Fund By Accrued rent .. .. .. 133 5 0 under section 39. Victoria College Act, 1905 .. 1 10 0 Remissions under the Deteriorated Lands Act, 1925 58 5 0 Balance carried down .. .. . . 73 10 0 £133 5 0 £133 5 0 £ s. d. £ s. d. To Victoria College Council: Amount due under sec- By Balance from previous year .. . . .. 178 12 4 tion 39, Victoria College Act, 1905 .. .. 28 9 6 Balance brought down . . .. .. 73 10 0 Balance carried forward .. .. .. 223 12. 10 £252 2 4 £252 2 4

!>>,- I [Pt. IV].

LANDS AND SURVEY DEPARTMENT—continued. VICTORIA COLLEGE ENDOWMENT ACCOUNT —continued. Balance-sheet as at 31st March, 1934. Liabilities. £ g. d. Assets. £ s. d. Capital .. .. .. .. 2,665 0 0 Leased land .. .. .. .. .. 2.665 0 0 Victoria College Council: Amount not yet paid over 28 9 6 Sundry debtors for rent .. .. .. 279 3 3 Rents charged in advance .. .. .. 55 10 5 Cash in Treasury Deposit Account at 31st March. Revenue Account: Balance carried forward .. 223 12 10 19.34 .. .. .. .. 28 9 6 £2,972 12 9 £2,972 12 9 W. RoßErtson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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. WATPIATA-HAMILTONS LIBRARY ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. £ g. d. Payments. £ s. d. To Rents . . . 91510 By Trugtees of Waipiata-Hamiltons Library under section 93, Reserves and other Lands Digpogal and Public Bodies Empowering Act, 1917 .. 6 8 7 Administration expenges to Consolidated Fund under section 4, Land Laws Amendment Act. 1927 .. .. .. ..' 0 6 9 Cash in hand, 31st March, 1934 —In the Local Bodies' Deposit Account .of the Receiver of Land Revenue at Dunedin .. .. .. 3 0 6 £9 15 10 £9 15 io Revenge Account for the Year ended 31st March, 1934. Dr. £ g. d. Or. £ s. d. To Balance brought forward from previous year .. 37 8 By Accrued rent .. .. .. ..13108 Amount due to trustees of Waipiata-Hamiltons Library under gection 93, Reserves and other Lands Dispogal and Public Bodies Empowering Act, 1917 .. .... .... 9 6 0 Administration expenses due to Consolidated Fund under section 4, Land Laws Amendment Act, 1927 0 910 Balance carried forward .. .. ..072 £13 10 8 £13 10 8 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets* £ s. d. Capital . . .. .. .. .. 338 13 2 Endowment land .. .. ... .. 338 13 2 Sundry creditor —Administration expenses .. .. 0 3 1 Sundry debtors for rent .. .. .. .. 3 14 10 Amount due to trustees of Waipiata-Hamiltons Library Cagh in Local Bodies Deposit Account of the Receiver under section 93, Reserves and other Lands Disposal of Land Revenue at Dunedin, 31st March, 1934 .. 3 0 6 and Public Bodies Empowering Act, 1917 .. 2 17 5 Rents charged in advance .... ..378 Revenue Account—Balance carried forward ..072 — £345 8 6 £345 8 6 W. Robertson, Under-Secretary for Lands. "Wm. E. Shaw, Accountant. 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. 11. Fowler, Deputy Controller and Auditor-General. 11— B. 1 [PT. IV], *

B. —1 [PT. IV],

LANDS AND SURVEY DEPARTMENT—continued. WAIROA HARBOUR ENDOWMENT ACCOUNT. Receipts and Payments Account foe the Yeae ended 31st Maech, 1934. Receipts. £ s. d. Payments. £ g. d. To Rents .. .. .. .. .. 119 0 1 By Administration expenses .. .. .. 519 0 " Thirds " and " fourths " under Land Act, 1924 .. 36 711 Balance: Cash in Local Bodies' Deposit Account of the Receiver of Land Revenue, Gisborne, at 31st March, 1934 .. .. .. .. 76 13 2 £119 0 1 £119 0 1 Revenue Account foe the Yeae ended 31st Maech, 1934. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 519 0 By Accrued rents .. .. .. .. 139 10 0 " Thirds," " fourths," &c., deducted under section 136, Land Act, 1924 .. .. .. 36 7 11 Balance carried down .. .. .. .. 97 3 1 £139 10 0 £139 10 0 £ s. d. £ s. d. To Amount due to Wairoa Harbour Board under sec- By Balance from previous year .. .. .. 313 17 6 tion 31. Reserves, &c., Act, 1915 .. 76 13 2 Balance brought down .. .. .. 97 3 1 Balance carried down .. .. .. .. 334 7 5 £411 0 7 £411 0 7 Balance-sheet as at 31 st Maech, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 3,100 0 0 Endowment lands .. .. .. .. 3,100 0 0 Rents charged in advance .. .. .. 34 17 6 Sundry debtors for rent .. .. .. 159 19 11 Wairoa Harbour Board : Amount not yet paid over 76 13 2 Postponed rent .. .. .. .. 209 5 0 Revenue Account: Balance carried forward .. 334 7 5 Cash in Local Bodies' Deposit Account of the Receiver of Land Revenue at Gisborne at 31st March, 1934 .. .. .. .. 76 13 2 £3,545 18 1 £3,545 18 1 W. Robeetson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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. Fowlee, Deputy Controller and Auditor-General. WANGANUI HARBOUR ENDOWMENT ACCOUNT. Receipts and Payments Account foe the Yeae ended 31st Maech, 1934. Receipts. Payments. To Balance : Cash in Local Bodies' Deposit Account £ s. d. By Wanganui Harbour Board under Wanganui Harbour £ s. d. of the Receiver of Land Revenue, Wellington, at Endowment, &c., Act, 1877 .. .. .. 50 10 9 Ist April, 1933 .. .. .. 20 11 3 Consolidated Fund : Administration expenses under Rents .. .. .. .. .. 32 12 9 section 4, Land Laws Amendment Act, 1927 .. 213 3 £53 4 0 £53 4 0 Revenue Account for the Year ended 31st March, 1934. Dr. Cr. £ s. d. To Administration expenses due to Consolidated Fund £ s. d. By Accrued rents . . .. . . 34 18 6 under section 4, Land Laws Amendment Act, 1927 112 8 Balance carried down .. .. .. .. 33 5 10 £34 18 6 £34 18 6 £ s. d. £ s. d. To Amount due to the Wanganui Harbour Board under By Balance from previous year .. .. 10 16 2 Wanganui Harbour Endowment, &c., Act, 1877.. 50 10 9 Balance brought down .. .. 33 510 Balance carried forward .. . . . . 6 8 9 £50 10 9 £50 10 9 Balance-sheet as at 31st March, 1934. Liabilities. £ s d. Assets. £ s, d. Capital .. .. .. .. .. .. 823 10 0 Leased land .. .. .. .. .. 823 10 0 Rents charged in advance .. .. .. 815 0 Sundry debtors for rent .. .. .. .. 2 6 3 Revenue Account: Balance carried forward .. 6 8 9 £832 5 0 £832 5 0 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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. Fowlee, Deputy Controller and Auditor-General.

B.—l [PT. IV].

LANDS AND SURVEY DEPARTMENT—continued. WANGANUI RIVER TRUST ACCOUNT. Receipts and Payments Account fob the Year ended 31st March, 1934. Receipts. Payments. To Balance in Local Bodies' Deposit Account of the £ s. d. By Consolidated Fund : Administration expenses, sec- £ s. d. Receiver of Land Revenue, Wellington, at Ist tion 6of the Wanganui River Trust Act, 1891 .. 16 17 6 April, 1933 .. .. .. .. 70 6 6 Wanganui River Trust, under Wanganui River Rents .. .. .. .. .. 340 9 6 Trust Act, 1891 .. .. .. .. 320 11 4 Principal instalments in respect of sale .. .. 2 9 7 Loan repayments under section 14 (1), Finance Act, 1932 (No. 2) .. .. .. .. 75 16 9 £413 5 7 £413 5 7 Revenue Account for the Year ended 31st March, 1934. Dr. To Administration expenses due to Consolidated Fund £ s. d. Cr. £ s. d. under section 6of the Wanganui River Trust Act, By Accrued rent .. .. .. .. 649 13 2 1891 .. .. .. .. .. 13 7 2 Accrued interest .. .. .. .. 13 5 3 Loan repayments under section 14 (1), Finance Act, Proceeds of sale of land .. .. .. 2 9 7 1932 (No. 2) .. .. .. .. 75 16 9 Remission of rent .. . . . . .. 11 0 6 Balance carried down .. .. .. 565 3 7 £665 8 0 £665 8 0 To Amount due to Wanganui River Trust under Wa- £s. d. £ s. d. nganui. River Trust Act, 1891 .. .. 320 11 4 By Balance from previous year .. .. .. 500 8 5 Balance carried forward .. .. .. 755 0 8 Balance brought down .. .. .. 565 3 7 Adjustment on account of previous year (proceeds of sale) .. .. .. .. .. 10 0 0 £1,075 12 0 £1,075 12 0 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 16,186 9 7 Endowment lands — £ s. d. £ s. d. Rents paid in advance .. .. .. 5 9 11 Leased .. .. 15,840 9 2 Rents charged in advance .. .. .. 178 10 0 Unleased .. .. .. 103 10 0 Revenue Account: Balance carried forward .. 755 0 8 — 15,943 19 2 Sundry debtors for— Rents .. .. .. 823 19 2 Interest on sales .. .. 8 4 5 Principal instalments on sales .. 2 12 6 Sales .. .. .. 239 17 11 — 1,074 14 0 Interest on sales accrued but not due .. .. 3 6 0 Rents postponed .. .. . . .. 103 11 0 £17,125 10 2 £17,125 10 2 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 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.

B. —1 [Pt. IV].

MAIN HIGHWAYS ACCOUNT. REVENUE FUND. Income and Expenditure Account for the Year ended 31st March, 1934, and Total to Date.

i Total since Total since T7YPT?wTvrTTTT?T? Total for Inception of Main | IHf , ( . 1(r Total for Inception of Main J'.A t-Jiami. UK-t.. Year 1933-34. Highways Act, 1922, j 1JNCOMH. ! Year 1933-34. Highways Act, 1922, to 31/3/34. | I J to 3"l/3/34. To Net expenditure oil ordinary maintenance of main highways :— By Income from — Highway District — £ s. d. £ s. d. Interest from investments of— £ s. d. No'. 1 .. .. .. .. .. .. .. 47,978 15 3 410,691 14 10 Construction Fund .. .. .. .. 619 3 4 No. 2 .. .. .. .. .. .. .. 93,716 9 11 765,652 13 4 Revenue Fund .. .. .. .. 1,017 18 9 £ s. d. £ s. d. No. 3 .. .. .. .. .. .. ..- 43,357 19 0 313,942 12 5 1,637 2 1 209,416 6 0 No. 4 .. .. .. .. .. .. .. 29,629 13 3 256,268 13 11 Interest from local authorities on plant purchased on their behalf .. 747 3 2 19,683 7 6 No. 5 .. .. .. .. .. .. .. 41,417 7 8 479,322 12 3 Interest on advances to local authorities .. .. .. ., 3,402 1 10 15,635 17 11 No. 6 .. .. .. .. .. .. .. 37,829 11 8 284,770 3 6 Mileage Tax (Finance Act, 1931-32 (No. 2), section 19) .. .. 1,133 3 2 1,133 3 2 No. 7 .. .. .. .. .. .. ..■■■] 28,573 19 7 362,037 9 4 Miscellaneous receipts .. .. .. . . .. .. 159 7 0 1,121 17 2 No. 8 .. .. .. .. .. .. .. 29 ,763 15 4 291,870 14 2 Motor-registration licenses,- fees, and fines (sect ion 24, Motor-vehicles No. 9 .. .. .. .. .. .. .. 37,836 8 11 430,075 9 11 Act, 1924 .. -.. .. ... .. .. .; 354,443 10 5 3,131,215 2 8 No. 10 .. .. j .. .. .. 39,899 7 0 329,798 19 8 Motor-spirits tax (section 9, Motor-spirits Taxation Act, 1927) .. 669,868 3 5 5,498,649 2 8 — Tire-tax (sections 13 and 14, Main Highways Act, 1922) .. .. 62,979 9 9 1,736,240 11 8 Totals for North Island j .. .. .. .. 430,003 7 7 3,924,431 3 4 Transfer from Consolidated Fund (section 14, Main Highways Act, 1922) .. 210,000 0 0 No. 11 .. .. j .. .. .. .. 30,509 14 3 335,852 0 4 Rent of and tolls from ferries .. .. .. .. .. .. 2,081 10 6 No. 12 .. .. .. .. .. .. 51,815 0 6 634,379 10 3 — No. 13 .. .. .. j .. .. .. .. 19,040 7 0 170,782 5 2 1,094,370 0 10 10,825;176 19 3 No. 14 .. .. .. .. .. .. ... 26,225 13 4 252.098 7 10 Balance, being excess of expenditure over income, carried to general No. 15 .. .. .. .. .. .. .... 33,353 9 11 312,930 18 9 balance-sheet .. .. .. .. .. .. 53,360 12 0 No. 16 .. .. .. .. .. .. .. 28,580 3 10 171,027 5 0 No. 17 .. .. .. .. .. .. ... 25,621 18 11 205,481 17 10 No. 18 .. .. .. .. .. .. : .. 28,876 4 7 225,896 6 6 Totals for Dominion .. .. .. ,. 674,025 19 11 6,232,879 15 0 Abolition of toll-gates (section 20, Finance Act, 1925) .. .. 1,662 2 5 20,838 16 4 Administration and supervision expenses (including salaries and expenses of Public Works officers), printing, stationery, postages, and miscel- j laneous expenses .. .. .. .. .. ... 29,082 2 1 282, 628 7 11 Charges and expenses of raising loans, management charges of Consolidated Stock on account of Construction Fund, &c. .. .. 412 14 9 48,116 1 10 Commission on collection of motor-registration fees by Postal Department 14,830 1 6 118,050 0 10 Commission on registration of change of ownership .. .. '... 4,104 13 6 34,013 2 0 Depreciation of furniture, fittings, &c. .. .. .. .. 90 4 4 563 12 2 Carried forward .. .. .. .. .. 724,207 18 6 6,737,089 16 1 Carried forward .. .. .. .. .. 1,147,730 12 10 10,825,176 19 3

B.—l [Pt. IV],

MAIN HIGHWAYS ACCOUNT— continued. REVENUE FUND— continued. Income and Expenditure Account for the Year ended 31st March, 1934, and Total to Date— continued.

Total since | Total since EXPENDITURE. v InceptifluefMain INCOME Total for Inception of Main Year 1933-34. Highways Act, 1922, iJNCOMii. Year 1933-04. Highways Act, 1922, V ' . -■■■ " - " _ to31/3/34. | to 31/3/84. £ s. d. £ s. d. £ 3 _ d. £ « d Brought forward .. .. .. .. .. 724,207 18 6 6,737,089 16 1 j Brought forward .. ... .. . 1,147,730 12 10 10,825,176 19 3* To Net expenditure on maintenance of main highways —continued. Expenses of District Councillors attending District Council meetings and conference .. .. .. .. .. .. .. 16 12 8 696 14 9 Fees and travelling-expenses of members of the Main Highways Board other than Government members .. .. .. .. 871 19 9 12,555 3 11 Hutt Road annual charges —Finance Act, 1927 (No. 2), section 33 .. 25,111 13 3 132.443 9 10 ' Interest on amount appropriated out of Public Works Fund and paid into Main Highways Account Construction Fund .. .. .. 61,300 0 0 245,200 0 0 Interest on loans, recoupment to Consolidated Fund (section 4, Finance Act, 1919) .. .. .. .. .. ..' .. 100,608 16 1 598,375 6 0 Miscellaneous expenses, — Advertising, maps, rent of halls, traffic tallies, transport of samples, &c. 61 12 5 4,238 19 4 Compensation under section 3, Public Works Amendment Act, 1925 .. .. 1,015 1 6 Petrological laboratory and other experimental work, Expenses of .. 1,604 7 2 5,230 6 4 Reserve for redemption of main highway securities .. .. .. 69,579 0 0 338,640 0 0* Traffic inspection .. .. .. .. .. .. 7,263 4 0 19,333 14 ] j Subsidies — Municipal Corporations (Municipal Corporations Act, 1933, section 71) 22,158 5 9 102,432 14 4 County Councils and other local authorities (Finance Act, 1930, section 37) . . .. .. .. .. .. .. 134,947 3 3 647,100 2 2 County Councils' special rebate to ratepayers (Finance Act (No. 4), 1931, section 45) .. .. .. .. .. .. .. 253,892 12 1 I Maintenance and construction of roads giving access to outlying areas (Finance Act (No. 3), 1931) .. .. .. .. .. .. 45,918 8 8 1,147,730 12 10 9,144,162 9 1 ! Transfers to Construction Fund .. .. .. .. .. .. 1,500, 000 0 0 1,147,730 12 10 10,644,162 9 1 Balance, being excess of income over expenditure, carried to general balance-sheet .. .. .. .. .. .. .. .. 181,014 10 2 1,147,730 12 10 10,825,176 19 3 1,147,730 12 10 10,825,176 19 3 Note. —No charge for the cost of exchange on payments made in London is included. * Does not include £29,012 18s. 8d. interest credited.

B.—l [Pt. IV].

MAIN HIGHWAYS ACCOUNT— continued. CONSTRUCTION FUND. Income and Expenditure on Capital Account for the Year ended 31st March, 1934, and Total to Date.

Total since ! Total since Total for Year Declaration of iwrnMi? Total for Year j Declaration of EXPENDITURE. 1933-34. Main Highways * ' ' 1933-34. Main Highways (9/6/24). (9/6/24). To Net expenditure on construction and improvement of main highways, By Loans raised under Main Highways Act, 1922 — including cost of administration by Public Works Department and Stock and Debentures issued — £ s. d. £ s. d. accident compensation — At 3 per cent, interest .. .. .. .. .. 100,000 0 0 100,000 0 0 Highway District — £ s. d. £ s. d. At per cent, interest .. .. .. .. .. .. 93,160 0 0 No. 1 .. .. .. .. .. .. .. 24,254 3 7 604,050 11 0 At 3j per cent, interest .. .. .. .. .. 3,000 0 0 3,000 0 0 No. 2 .. .. .. .. .. .. .. 30,695 5 0 753,536 2 1 At 4 per cent, interest .. .. .. .. .. 118,510 0 0 1,750,980 0 0 No. 3 .. .. .. .. .. .. . - 1,694 4 11 172,618 11 8 At 4J-per cent, interest .. .. .. .. .. .. 542,004 10 10 No. 4 .. .. .. .. .. .. .. 19,541 6 7 361,312 8 5 At 5J per cent, interest .. .. .. .. .. .. 17,000 0 0 No. 5 .. .. .. .. .. .. .. 14,402 10 2 266,169 14 2 At 5J per cent, interest .. .. .. .. .. .. 55,720 0 0 No 6 ..... 8,635 1 0 325,472 6 1 At 5} per cent, interest .. .. .. .. .. .. 11,250 0 0 No 7 " " " " ' .. .. 6,245 6 6 335,216 5 0 No. 8 .. .. .. .. .. .. .. 8,995 17 2 192,084 3 5 2,573,114 10 10 No. 9 .. .. .. .. .. -• 14,924 5 4 547,478 1 3 Receipts under section 15, Finance Act, 1923, from Public Works Fund, No. 10 .. .. .. .. .. .. •• 8,675 15 0 206,561 13 5 General Purposes Account (at 5 per cent, interest) .. .. .. 1,226,000 0 0 I— 1 Transfer from Revenue Fund .. .. .. .. .. .. 1,500,000 0 0 Totals for North Island . .. .. .. 138,063 15 3 3,764,499 16 6 Charges and expenses of raising loans (adjustment) .. .. .. 3 3 2 No 11 "...... 6,231 6 5 154,162 12 3 No 12 ...... 6,918 5 2 142,280 3 7 No. 13 .. .. .. .. 2,110 9 2 161,451 2 10 No 14 ....... 9,873 19 2 247,885 7 9 No 15 ...... 2,484 10 1 149,111 15 4. No. 16 .. .. .. .. 1,366 19 5 149,248 11 10 No 17 . .. .. .. .. 27,894 0 1 356,362 15 6 No. 18 .. .. .. .. .. .. .. 3,352 2 2 99,985 19 1 — Totals for Dominion .. .. .. .. 198,295 6 11 5,224,988 4 8 j Premium on conversion of loans .. .. .. .. .. 18,510 0 0 18,510 0 0 216,805 6 11 5,243,498 4 8 Balance, being excess of income over expenditure, carried to general balance-sheet .. .. .. .. .. .. .. 4,704 13 1 55,619 9 4 221,510 0 0 5,299,117 14 0 | 221,510 0 0 5.299.117 14 0 Note. —No charge for the cost of exchange on payments made in London is included.

MAIN HIGHWAYS ACCOUNT— continued. General Balance-sheet as at 31st March, 1934.

B.—l [Pt. IV],

E. L. Greensmith, Accountant, Public Works Department. C. J. McKenzie, Chairman, Main Highways Board. - " P ° ni P,id °™ r t0 * — -* «M» "» -PPM to «. Option of

LIABILITIES. Revenue ; Construction , I Fund. ! Fund. i lotal. I ASSETS. Eevenue j Construction _ . . ■ ; ! Fund. I Fund. Total. Revenue Fund — e - j i f A i „ , i| . , . „ , Balance at 31/3/33 234,375 2 2 s. d. [j Cash m Public Account- £ 8> d j £ s _ d £ s _ d _ Less excess of expenditure over income for 1933-34 53,360 12 0 Sundry debtors ' " " " " 181 > 907 6 9 68,507 3 2 250,414 9 11 181,014 10 2 I 181014 10 J blic Works Department 1,062 18 11 I 239 9 8 1,302 8 7 ! *• 101,014 10 1 Other Government Departments .. .. .. 6,127 ]0 4 445 0 3 6 572 10 7 Non-departmental •• . . .. .. .. ! 18 4 7,894 18 10 lo|715 17 2 Construction Fund — Advances to local authorities (Mam Highways Amendment Balance at 31/3/33 .. .. .. ... j # 50 914 16 3 i ' 1926, SeC^?- " . ** ** 68,655 0 0 .. 68,655 0 0 Add excess of income over expenditure for 1933-34 ! 4 704- 13 l I ° n SU J )S^ 1 ®® (^ mance Act, 1930, sections 37 and 39, 1 I • • i and Finance Act, 1932, section 36) .. .. .. 5 057 0 6 fi 057 n fi 55 619 9 4! 55 619 9 ! f oto fees in hands of Postal Department .. 8,544 19 7 1 " 19 7 °' uia y 4 j y 4 j Interest due and accrued .. .. .. .. 1,789 11 0 ] 789 11 0 Stocks of materials, tools, &c. .. .. .. .. 23,928 12 3 ! 7,163 6 10 31 091 19 1 Sundry creditors — ! k.tocks Deficits Account.. .. ., ., _ 42 6 10 ' 16 16 4 59 3 2 Public Works Department .. .. .. ]g gaQ 14 a k mn 7 1 i 91 can 1 n urmture, fittings, ,&c. £ g _ d. Other Government Departments .. .. '927 11 2 56 4 s ' 'qrs it; in Expenditure to 31/3/34 .. .. 1,212 4 8 Non-departmental ! 55,558 3 8 I 22 983 17 8 ! 78 542 1 4 depreciation to 31/3/34 .. 563 12 2 Interest accrued on loans .. .. .. .. 21,704 1 1 . <>l'7f)d 1 1 ,1 • t 648 12 6 .. 648 12 6 Motor-registration fees paid in advance .. 59 736 0 0 n n and equipment— Writings off in Suspense " 42 6 10 I 16' 16 4 ? 2 Mam Highways BoardReserve for redemption of securities .. .. . 306 932 18 8 i '!f>6 QS'> la a Expenditure to 31/3/34 .. .. 95,490 16 7 ' " 1 • sub ' y;! " IS 0 ! Less depreciation charged to works .. 73,375 17 10 j Purchased for local authorities— , 22,114 18 9 " 22,114 18 9 Expenditure to 31/3/34 .. ., 165,676 9 1 Less repayments of principal .. 153,403 17 3 . . . , , T 12,272 11 10 .. 12,272 11 10 Amount transferred to Loans Redemption Account .. .. .. .. 366,640 1 0 Interest accrued to 31/3/34 .. .. 1,012 17 8 \ ' i 367,652 18 8 Less amount utilized for redemption of securities.. .. .. .. 60,720 0 0 ■ 306,932 18 8 .. 306,932 18 8 641,905 6 3 84,266 15 1 726 172 1 4 ~ — ' 641,905 6 3 84,266 15 1 726,172 1 4

B. —1 [PT. IV].

MARINE DEPARTMENT. HEAD OFFICE. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. . • •• •• 6,867 0 3 By Miscellaneous receipts .. .. .. 14 810 Rent .. .. .. .. .. 850 0 0 Balance carried down .. .. .. 8,475 0 0 Printing and stationery .. .. ... 166 2 11 Office fittings and requisites .. .. .. 43 16 2 Postage, telegrams, and rent of boxes .. 150 11 0 Telephone rentals, &c. .. • . .. 105 10 6 Books, newspapers, &c. .. .. .. 43 10 2 Maintenance of typewriters, &c. .. .. 15 6 6 Overtime and meal allowances . • • ■ 0 17 6 Transfer expenses .. .. •• •• 131610 Travelling-expenses .. .. 81 17 5 Miscellaneous expenses .. .. .. 0 2 6 Depreciation .. .. .. .. 150 17 1 £8,489 8 10 £8,489 8 10 £ s. d. By Apportionment of cost of administration to To Balance brought down .. .. .. 8,475 0 0 branches. £s. d. Interest on capital .. .. .. .. 83 14 1 Mercantile Marine Branch .. .. 5,295 13 11 Harbours Branch .. .. .. 441 6 2 Inspection of Machinery Branch .. .. 1.930 14 5 Fisheries Branch . . . . • • 330 19 7 Ross Dependency Account . . .. 10 0 0 Westport Harbour Account .. .. 500 0 0 Rock-oyster Industry Account . . .. 50 0 0 £8,558 14 I £8,558 14 1 MERCANTILE MARINE BRANCH. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. Incom-e. £ s. d. To Lighthouses— £ 8. d. £ s. d. By Light dues .. .. •• .. 89,075 6 0 General maintenance ..20,775 2 7 Survey of ships .. .. .. .. 3,542 5 9 Working-expenses of tender . . 17,247 6 9 Engagement and discharge of seamen .. 1,712 19 6 38.022 9 4 Fines and forfeitures .. .. .. 26 19 5 Mercantile Marine Offices, &c — Deck-cargo licenses .. . . 37 0 0 Salaries .. • • 12,467 10 6 Examination fees .. .. .. .. 229 12 6 Services of Customs officers .. 1,935 0 0 Sale of charts, books, and forms .. .. 884 0 5 jj en t ~ .. .. 1,319 11 7 Sale of " New Zealand Nautical Almanac" .. 167 18 11 Fuel, light, &c. .. .. 15 16 0 Registry of shipping fees .. .. .. 92 14 0 Printing and stationery .. 236 19 6 Salvage . . . . .. . • • • 14 9 6 Office fittings and requisites .. 45 1 1 Costs awarded the Department: Nautical Postage, telegrams, and rent inquiries ~ .. . • • • 10 10 0 of boxes ■ . ■ • 70 11 7 Fares, freight, &e. .. . . .. 719 4 0 Telephone rentals, &c. .. 146 5 2 Services of lighthouse tender in respect of Books, newspapers, &c. . . 94 19 2 harbours .. .. •. ■ • 787 10 0 Nautical inquiries .. . . 45 16 4 Rents of buildings and reserves .. .. 85 0 0 Legal expenses . . .. 717 6 Miscellaneous receipts .. .. .. 52 7 7 Transfer expenses .. . . 98 16 9 Travelling-expenses .. 506 ] 3 1 Examination expenses . . 308 4 9 Charts, saleable books, and forms .. • • ■ • 364 0 5 " New Zealand Nautical Almanac" .. • • 497 6 6 Preparation of Tide-tables . . 550 0 0 Checking passenger-traffic .. 94 3 8 0 Relief of distressed seamen .. 3 18 3 Miscellaneous expenses .. 29 4 10 18,838 11 0 Head Office administration .. .. .. 5,295 13 11 Reserve for bad debts .. • • • • 30 0 0 Losses on disposal of surplus stores .. .. 284 4 7 Depreciation .. •• •• 11,696 18 7 Balance carried down .. . • • • 23,270 0 2 £97,437~17 £97,437 17 7 £ s. d. £ s. d. To Interest on capital .. .. .. 18,783 10 sBy Balance brought down .. .. .. 23,270 0 2 Excess income over expenditure transferred to General Income and Expenditure Account .. 4,486 9 9 £23,270 0 2 £23,270 0 2

B.—l [PT. IV].

MARINE DEPARTMENT—continued. HARBOURS BRANCH. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d To Salaries and wages .. .. .. .. 747 12 7 By Pilotage .. .. .. .. .. 483 10 10 Repairs and maintenance .. .. .. 261 18 11 Port charges .. .. .. .. 818 14 7 Services of lighthouse steamer .. .. 787 10 0 Wharfage .. .. .. .. .. 255 2 4 Supervision and maintenance of foreshore .. 639 18 5 Harbour boat license fees .. .. .. 14 10 0 Rent • • • • •. • • .. 26 14 4 Watermen's license fees .. .. .. 10 0 Office expenses .. .. .. .. 16 19 11 Foreshore rentals .. .. .. .. 717 5 3 Telephone rentals, &c. .. .. .. 19 2 5 Royalty on shingle, sand, &c. .. .. 1,456 17 10 Travelling-expenses .. .. .. 7 16 Order in Council and permit fees .. .. 18 5 0 Legal expenses .. .. .. .. 72 15 2 Rents of buildings and reserves .. .. 42 1 8 Grants and subsidies .. .. .. 250 0 0 Services to Customs Department .. .. 155 0 0 Head Office administration .. .. .. 441 6 2 Miscellaneous receipts .. .. .. 36 3 7 Depreciation .. .. .. .. 594 7 7 Balance carried down .. .. .. 133 4 1 £3,998 11 1 £3,998 11 1 . £ s. d. £ s. d. To Interest on capital .. .. .. .. 1,035 0 8 By Balance brought down .. .. .. 133 4 1 Excess expenditure over income transferred to General Income and Expenditure Account .. 901 16 7 £1,035 0 8 £1,035 0 8 INSPECTION OP MACHINERY BRANCH. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ B . d. To Salaries .. .. .. .. .. 9,983 1 7 By Boiler inspection fees .. .. .. 8,231 17 2 Rent .. 1,143 5 6 Machinery inspection fees .. .. .. 10,836 9 8 Printing and stationery .. .. .. 154 7 6 Special inspection fees .. .. .. 213 15 9 Office fittings and requisites .. .. .. 38 2 6 Examination fees .. .. .. .. 313 2 6 Postage, telegrams, and rent of boxes .. 179 16 5 Drawings, examination of .. .. .. 214 10 0 Telephone rentals, &c. .. .. .. 231 13 0 Sale of publications .. .. .. 5 12 6 Commission on revenue collected by Post and Costs awarded the Department in connection Telegraph Department .. .. .. 212 4 0 with prosecutions under the Inspection of Books, newspapers, &c. .. .. . . 37 16 7 Machinery Act .. .. .. .. 4 4 0 Fuel, light, and cleaning .. .. .. 16 14 7 Miscellaneous receipts .. .. .. 23 3 1 Inquiries and technical investigations .. 14 3 7 Transfer expenses .. .. .. .. 27 15 8 Travelling-expenses .. .. .. 2,203 18 11 Removal of offices .. .. .. .. 31 19 4 Miscellaneous expenses .. .. .. 5 0 4 Head Office administration .. .. 1,930 14 5 Depreciation .. .. .. .. 485 5 5 . Balance carried down .. .. .. 3,146 15 4 £19,842 14 8 £19,842 14 8 £ s. d. £ s. d. To Interest on capital .. .. .. .. 236 10 6 By Balance brought down .. .. .. 3,146 15 4 Excess income over expenditure transferred to General Income and Expenditure Account .. 2,910 410 £3,146 15 4 £3,146 15 4 FISHERIES BRANCH. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Salaries and wages .. .. .. .. 2,902 4 5 By Fishing-boat license, registration fees, &c. .. 445 10 1 Salmon fisheries .. .. .. .. 316 3 1 Salmon license fees .. .. .. 35 0 0 Maintenance of launches .. .. .. 252 18 10 Rental of buildings .. .. .. 25 0 0 Rent .. .. . . .. .. 147 0 0 Toheroa areas : Rentals and license fees .. 320 1 9 Printing and stationery .. .. .. 46 14 7 Sale of salmon .. .. .. . . 25 .18 0 Office fittings and requisites .. .. .. 12 010 Sale of trout ova .. .. • .. .. 22 10 0 Postage, telegrams, &c. .. .. .. 23 9 9 Launch-hire .. .. .. .. 32 7 6 Telephone rentals, &c. .. .. .. 48 4 8 Sale of publications .. .. .. 6 8 9 Books, newspapers, &c. .. .. .. II 6 4 Costs awarded the Department in connection with Legal expenses, &c. .. .. .. 11 17 6 prosecutions under the Fisheries Act .. 8 6 6 Transfer expenses .. .. .. .. 23 17 3 Miscellaneous receipts .. .. . . 12 6 8 Travelling expenses .. .. .. 400 1 3 Balance carried down .. .. .. 4,176 174 Fisheries investigation .. .. .. 8 10 10 Miscellaneous expenses .. .. .. 22 15 1 Grants and subsidies .. .. .. 300 0 0 Head office administration .. .. .. 330 19 7 Depreciation .. .. .. .. 252 2 7 £5,110 6 7 £5,110 6 7 £ s. d. By Net profit on rock-oyster industry, transferred £ s. d. To Balance brought down .. .. .. 4,176 17 4 from Profit and Loss Account .. .. 293 4 8 Interest on capital .. .. .. .. 269 12 3 Excess expenditure over income transferred to General Income and Expenditure Account .. 4,153 4 11 £4,446 9 7 £4,446 9 7

12— B. 1 [PT. IV].

B.—l [PT. IV].

MARINE DEPARTMENT —continued. ROCK OYSTER INDUSTRY. Profit and Loss Account fob 1933 Season. Dr. £ s. d. Cr. £ s. d. To Salaries and wages .. .. .. .. 3,488 3 9 By Sales .. .. .. .. .. 5,336 19 3 Maintenance of ketch and launches .. .. 494. 14 10 Rent .. .. .. .. .. 21 0 0 Freight and cartage .. .. .. 212 6 3 Refund of telephone rental .. .. .. 1 17 6 Stores and materials .. .. .. 149 2 8 Repairs to depot .. .. .. .. 34 5 2 Wharfage and cranage .. .. .. 41 19 4 Rent, fuel, light, &c. .. .. .. 60 2 4 Administration expenses .. .. .. 122 18 0 Travelling-expenses .. .. .. 60 13 9 Office expenses .. .. .. .. 18 12 6 Printing and stationery .. .. .. 14 13 2 Advertising .. ' .. .. .. 23 15 0 Depreciation .. .. .. .. 121 17 10 Balance carried down .. .. .. 516 12 2 £5,359 16 9 £5,359 16 9 £ s. d. £ s. d. By Balance brought down .. .. .. 516 12 2 To Interest on capital .. .. .. .. 223 7 6 Net profit .. .. .. .. 293 4 8 £516 12 2 £516 12 2 Note.—This account includes expenditure on oyster-cultivation, amounting to £814 9s. 3d. ROSS DEPENDENCY. Income and Expenditure Account for the Year ended 31st March, 1934. lexpenditure. £ s. d. Income. £ s. d. To Miscellaneous expenses .. .. .. 25 19 6 By Whaling-license fees .. .. .. 1,000 0 0 Head Office administration .. .. .. 10 0 0 " Miscellaneous receipts .. .. .. 0 7 6 Depreciation .. .. .. .. 1 19 9 Balance carried down .. .. .. 962 8 3 £1,000 7 6 £1,000 7 6 £ s. d. £ s. d. To Interest on capital .. .. .. .. 2 5 7 By Balance brought down .. .. .. 962 8 3 Excess income over expenditure transferred to General Income and Expenditure Account .. 960 2 8 £962 8 3 £962 8 3 General Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. Income. To Deficits transferred from Branch Income and £ s. d. By Surpluses transferred from Branch Income and £ s. d. Expenditure Accounts— Expenditure Accounts— Harbours Branch .. .. .. 901 16 7 Mercantile Marine Branch .. .. 4,486 9 9 Fisheries Branch .. .. .. 4,153 411 Inspection of Machinery Branch .. .. 2,910 410 Balance, being excess of income over expenditure Ross Dependency Account .. .. 960 2 8 after charging depreciation and interest on capital .. .. .. .. .. 3,301 15 9 £8,356 17 3 £8,356 17 3 To Subsidy paid to Greymouth Harbour Board in £ s. d. £ s. d. terms of section sof the Greymouth Harbour By Balance brought down .. .. .. 3,301 15 9 Board Amendment Act, 1920 .. .. 7,875 0 0 Balance at 31st March, 1934 .. .. 4,573 4 3 £7,875 0 0 £7,875 0 0 Notes. —(1) The subsidy payable from time to time to Greymouth Harbour Board was formerly charged to Permanent Appropriations under special Acts. (2) 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; (d) proportion of cost of raising public-works loans ; (e) Public Works Department overhead cost. Depreciation has been allowed for on balances of assets as at Ist April, 1933, the total charge being carried to Depreciation Reserve. Credit has been taken without appropriation for services rendered to the Customs Department. (3) No part of the premium on conversion of the loan liability of the Public Works Fund, General Purposes Account, or a charge for the cost of exchange on payments made in London is included in the account.

IK I [PT. IV],

MARINE DEPARTMENT—continued. Balance-sheet as at 31st Maeoh, 1934. Liabilities. Assets. Capital— £ s. d. £ S. d. „ a , Public Works Fund .. 273,793 14 11 Land . 28 Q4l 17 n Consolidated Fund .. .. 330,572 16 10 Buildings .. .. !! " " 8^195 10 5 c _ 604,366 11 9 Lighthouses (including land, towers, buildings, Demrtmfmtal om „ furniture, apparatus, and equipment) .. 311,346 12 10 .Departmental .. .. 950 10 0 Fog-signals .. .. .. ~ 7,581 0 2 Sundry .. .. .. 1,772 16 4 Radio direction-finding experiments .. .. 1'971 3 8 , , ~ . , 2,723 6 4 Radio direction-finding beacons .. .. l'ōl7 12 2 entals, &c., paid m advance .. .. 28 13 10 Beacons, buoys, and moorings .. .. 8,147 5 3 Keserves— Government steamer" Matai" .. .. 80'684 13 8 Depreciation .. .. 120,841 10 6 Wharves 0 0 Bad debts.. .. .. 197 12 6 Harbour equipment (including launches, flage es .. .. 455 o 3 staffs, signalling-apparatus, tools, &c.) .. 2,568 7 0 „ 121,494 3 3 Oyster-beds .. .. .. .. 117 867 4 7 w e P° accounts .. .. .. .. 545 13 1 Oyster ketch, launches, and boats . . .. 7 482 19 8 Writings-orf Reserve Account .. .. 170 5 9 Fish-hatcheries and equipment .. .. 10 2 Motor-vehicles .. .. .. ~ 1 670 2 5 Automatic flashing-lamps .. .. . . 258 12 10 Test-pumps and pressure-gauges .. .. 505 3 2 Office furniture and fittings .. .. .. 6,543 16 7 Mechanical office appliances .. . . . . 991 10 9 Library .. .. .. .. .. 1,660 17 11 Stores, tools, &c. . . .. , . 11 400 11 c Stationery.. .. .. .. .. '350 15 0 Charts, saleable books, and forms .. .. 2,407 12 2 Unemployment insurance stamps .. . . 100 12 0 Official stamps .. .. .. . . 73 4 7 Debtors— £ s . d. Departmental .. .. 374 0 5 Sundry .. .. .. 9,263 14 5 9,637 14 10 Wntmgs-off Suspense Account .. .. 170 5 9 Deposit Cash Account— Receiver-General's deposits .. 260 0 0 Other deposits .. .. 285 13 1 „ , . 545 13 1 Cash m Post Office .. .. .. .. 712 13 11 Cash in transit .. .. .. .. 36 6 3 Income and Expenditure Account .. .. 4,573 4 3 Treasury Adjustment Account .. .. 106,354 0 5 £729,328 14 0 £729,328 14 0 J. E. Engel, 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.—J. H. Fowler, Deputy Controller and Auditor-General.

B.—l [Pt. IV].

MINES DEPARTMENT. Income and Expenditure Account fob the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Advertising, books, &c. .. .. .. 510 4 By Water-race reserve timber royalties .. .. 2 7 6 Assistance to mining— £ s. d. Rent of buildings, &c. .. .. .. 94 19 4 Assistance to prospecting .. 3,229 2 9 Goldfields revenue.. .. .. .. 19,380 22 Assistance to roads .. 114 2 0 Territorial revenue under Mining Act, 1926 .. 375 8 0 Bounty on pig iron, Onekaka.. 710 3 1 Registration and other fees .. .. 2,447 19 0 4,053 7 10 Interest .. .. .. .. .. 395 3 3 Collecting goldfields revenue, and law-costs .. 416 11 11 Hire of drilling equipment .. .. .. 424 6 9 Drill maintenance .. .. .. 131 5 2 Prospecting subsidies paid now recoverable .. 55 8 1 Examinations .. .. .. .. 112 9 9 Sale of mining equipment acquired under secFreight and cartage .. * .. . . 415 9 tion 226, Mining Act, 1926 .. .. 149 4 3 Fuel, light, water, &e. .. .. .. 43 12 7 Balance carried down .. .. .. 15,246 6 11 Office requisites .. .. .. .. 37 6 0 Postages and telegrams .. .. .. 216 7 3 Printing and stationery .. .. .. 212 710 Rents .. .. .. .. .. 525 3 1 Repairs— Cottage, Kumara .. .. .. 74 8 8 Kauaerangi water-race .. .. .. 345 0 0 Salaries .. ... .. .. .. 6,558 4 3 Schools of Mines .. .. .. .. 2,919 3 7 Sundry expenses .. .. .. .. 37 19 0 Supervision of prospectors: Unemployment Board schemes .. .. .. .. 563 13 5 Telephones .. .. .. .. 185 16 10 Travelling allowances and expenses and motor maintenance .. .. .. .. 1,501 2 10 Depreciation .. .. .. .. 951 7 0 Goldfields revenue.. .. .. .. 19,380 22 Reserved for bad debts .. .. .. 250 0 0 £38,571 5 3 £38,571 5 3 £ s. d. £ s. d. To Balance brought down .. .. .. 15,246 6 11 By Excess of expenditure over income .. 16,250 9 10 Interest on capital .. .. .. 1,004 211 £16,250 9 10 £16,250 9 10 COAL-MINES ACT, 1925. Revenue Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. To National-endowment revenue .. .. 229 16 6 By Rents, royalties, and fees from leases and licenses Westport Harbour revenue .. .. 9,696 17 9 under the Coal-mines Act, 1925 .. .. 22,779 19 4 Primary Education Account .. .. 930 13 0 Secondary Education Account .. .. 1,117 6 0 Lands for Settlement Account .. .. 18 1 6 Greymoutb. Harbour Board.. .. .. 2,514 11 10 Remissions of rent and royalty under section 17 of the Coal-mines Act, 1925, and section 7 of the Finance Act, 1932 (No. 2) .. .. 3,203 17 3 Bad debts written off .. .. .. 53 19 6 Consolidated Fund : Territorial Revenue, carried down .. 5,014 16 0 £22,779 19 4 £22,779 19 4 Net Revenue Account. £ s. d. £ s. d. To Salaries .. .. .. .. .. 445 10 0 By Territorial revenue brought down .. .. 5,014 16 0 Postages and telegrams .. .. .. 30 0 0 Commission for collecting .. .. .. 458 5 4 Printing and stationery .. .. .. 80 0 0 Deposit under section 23, Coal-mines Amendment Depreciation .. .. .. .. 14 8 Act, 1922, transferred to revenue .. .. 10 0 0 Balance carried down .. .. .. 4,926 6 8 £5,483 1 4 £5,483 1 4 £ s. d. £ s. d. To Interest on capital .. .. .. .. 12 2 By Balance .. .. .. .. .. 4,926 6 8 Excess of income over expenditure .. .. 4,925 4 6 £4,926 6 8 £4,926 6 8 Note. —The Revenue Account includes rents for period Ist July, 1933, to 30th June, 1934, and royalties for period Ist January, 1933, to 31st December, 1933. t

B.—l [PT. IV],

MINES DEPARTMENT—-continued. Balance-sheet as at 31st March, 1934. Liabilities. Assets. £ s. d. Capital Account — £ s. d. £ s. d. Land .. .. .. .. .. 4,349 0 0 Consolidated Fund .. 9,835 6 2 Buildings .. .. .. .. .. 236 17 6 Public Works Fund .. 806,338 5 11 Stores .. .. .. .. .. 0 19 2 816,173 12 1 Motor-cars .. .. .. .. .. 469 10 3 Creditors— Furniture and fittings .. .. .. 1,178 9 4 Departmental .. .. 94 5 9 Mechanical office appliances .. .. .. 396 12 11 Sundry .. .. .. 9,668 17 6 Stationery .. .. .. .. .. 10 0 0 ■ 9,763 3 3 Stamps .. .. .. .. .. 23 2 1 Reserves— Saleable publications .. .. .. 239 12 6 Depreciation .. .. 5,417 16 10 £ s. d. Bad and doubtful debts .. 1,000 0 0 Mortgages .. .. .. 6,533 17 10 6,417 16 10 Interest accrued due .. 57 12 6 Amounts held in deposit .. .. .. 10,117 5 4 6,594 10 4 Writings-off, Suspense Account . . . . 21 9 0 Debtors— Treasury Adjustment Account .. .. 7,265 17 6 Departmental .. .. 138 3 6 Sundry .. .. .. 12,810 2 6 12,948 6 0 National Development Account: Development of mining .. .. .. .. 793,590 5 11 Drills and equipment .. . . . . 7,507 4 11 Library and maps .. .. .. .. 218 10 3 Exhibits .. . . .. .. .. 273 2 5 Mineral collections .. .. .. .. 66 11 0 Instruments .. .. .. .. 192 9 9 Assets in suspense .. .. .. .. 21 9 0 Deposit accounts— £ s. d. Post Office .. .. . . 144 0 0 Mining Act, 1926 .. .. 108 19 0 Receiver-General .. .. 2,611 1 11 Receivers of Gold Revenue .. 2,297 16 6 Local Bodies .. .. 3,748 13 5 Fixed deposits .. .. 1,206 14 6 10,117 5 4 Excess of expenditure over income : Mines Department .. .. 16,250 9 10 Less excess of income over expenditure, Coal Revenue Accounts .. .. .. 4,925 4 6 11,325 5 4 £849,759 4 0 £849,759 4 0 ' - . = i i Notes.—Subsidies totalling £5,460 13s. lid. made to mining companies are recoverable, but only if payable gold in sufficient quantities is won, and subsidies totalling £327 10s. Bd. are repayable by 10 per cent, of the proceeds of gold won. The following charge is included for which the Department possesses no parliamentary appropriation : Interest on capital and assessed rentals. The item, National Development Account, £793,590 ss. lid. represents expenditure out of the Public Works Fund from 1870 to 1922 which is not included in other items of the Balance-sheet. No part of the premium on conversion of the loan liability of the Public Works Fund General Purposes Account or the cost of exchange on payments made in London is included in the account. H. Tyndall, Under-Secretary. A. W. Gyles, A.R.A.N.Z., Accountant. I hereby certify that the Income and Expenditure 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, subject to the above departmental notes. —J. H. Fowler, Deputy Controller and Auditor-General. MINING ADVANCES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Interest on capital .. .. .. 1,444 13 6 By Interest on advances .. .. .. 746 0 0 Losses: Sums irrecoverable .. .. 1,600 510 Recovery of amount previously written off .. 5 0 0 Reserved for losses .. .. .. 746 0 0 Balance, loss .. .. .. .. 3,039 19 4 £3,790 19 4 £3,790 19 4 * a i =a=a wb Note. —The above account includes the charge for interest on capital for which the Department possesses no parliamentary appropriation. Balance-sheet as at 31st March, 1934. Capital Account— £ s. d. £ s. d. - £ s. d Loans at 3| per cent. .. .. 23,545 0 0 Advances .. .. .. .. .. 14,910 0 0 Loans at 4 per cent. .. .. 15,515 0 0 Sundry debtors .. .. .. .. 3,467 19 0 • — 39,060 0 0 Treasury Adjustment Account .. .. .. 19,804 0 .8 Reserve for losses .. .. .. 2,161 19 0 Assets in Suspense Account .. .. .. 17,898 14 8 Writings-off, Suspense Account .. .. 17,898 14 8 Excess of expenditure over income .. .. 3,039 19 4 £59,120 13 8 £59,120 13 8 H. Tyndall, Under-Secretary for Mines. A. W. Gyles, A.R.A.N.Z., Accountant. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and conxpared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —J. H. Fowler, Deputy Controller and Auditor-General.

B.—l [PT. IV].

NATIONAL ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. £ s. d. Payments. £ s. d. To Balance at Ist April, 1933 .. .. 76,029 17 3 By Land Act, 1924, section 295 (2): AdminisRents and interest, national-endowment lands 128,374 9 1 tration expenses .. .. .. 6,385 13 8 Transfer from State Forest in terms of sec- Land Act, 1924, sections 139, 295, and 357 : tion 39 (2), Forests Act, 1921-22 .. .. 3,892 19 4 "Thirds" .. .. .. .. 3,282 0 4 Land Laws Amendment Act, 1930 (section 13) : Payments to Universities of portion of nationalInterest on national-endowment trust-moneys 2,022 15 9 endowment residue .. .. .. 7,602 19 9 Transfer to vote "Education" of portion of national-endowment residue .. .. 45,617 18 4 Portion of national-endowment-revenue residue applied in payment of old-age pensions .. 22,808 19 2 Refunds arising from operation of section 6, Deteriorated Land Act . . . . 40 18 8 Balance as at 31st March, 1934 .. .. 124,581 11 6 £210,320 1 5 £210,320 1 5 Revenue Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. .. 6,385 13 8 By Accrued rents .. .. .. .. 137,319 2 1 Remissions — £ s. d. Accrued royalties .. .. .. 2,450 15 1 Under Land Act, 1924 .. 43,430 4 5 Accrued interest .. .. .. .. 2,633 0 6 Under Deteriorated Land Act 719 9 2 Coal rents .. .. .. .. 859 7 1 Under Dominion Revaluation Royalties from State forests .. .. 3,435 10 4 Board .. .. .. 13 1 8 Recovery of rents previously written off .. 7 9 10 Under Mortgagors and Tenants Interest on investment of national-endowment Relief Act, 1932 .. 1,468 16 3 trust-moneys .. .. • .. .. 1,931 0 8 45,631 11 6 " Thirds" and " halves".. .. .. 3,282 0 4 Rents written off : Writings-off in Suspense .. 1,950 4 5 Interest charged under section 20 (3) of Discharged Soldiers Settlement Amendment Act, 1923 .. .. .. .. 372 15 7 Rebates.. .. .. .. .. 1,703 12 5 Commission on coal rents .. .. 32 2 1 Balance carried down .. .. .. 89,278 5 7 £148,636 5 7 £148,636 5 7 £ s. d. £ s. d. To Contribution for education and old-age pensions 124,581 11 6 By Balance brought down .. ... .. 89,278 5 7 Adjustment previous year .. .. 243 2 6 Balance previous year .. .. .. 125,492 8 0 Balance carried down .. .. .. 89,945 19 7 £214,770 13 7 £214,770 13 7 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. Capital Account .. .. .. .. 4,186,200 15 10 Land — £ s. d. £ s. d. Public Works Fund .. .. .. 4,586 7 4 Leased .. .. .. 3,482,481 13 0 Merged interests under section 20, Unleased .. .. 223,850 17 10 Discharged Soldiers Settle- Provisional State forest .. 378,236 2 6 ment Amendment Act, 4,084,568 13 4 1923— £ s. d. Land subject to section 8, Land Laws AmendAdvances .. .. .. 7,540 I 3 ment Act, 1929 .. .. .. .. 8,200 10 2 Instalment, principal .. 332 11 2 Buildings .. .. .. .. .. 1,919 5 8 Interest .. .. .. 555 10 8 National Endowment Trust Account .. 106,671 8 0 8,428 3 1 Land for Settlements Account: Interest on Sundry creditors — national-endowment trust funds . . .. 31 0 8 Contribution for education and Sundry debtors for— £ s. d. old-age pensions . . .. 124,581 11 6 Rents .. . . .. 94,090 011 Departmental .. .. 24 4 1 Less reserve .. .. 750 0 0 Miscellaneous .. .. 6 17 6 124,612 13 1 93,340 0 11 Payments in advance —- Royalties .. .. .. 4,859 14 7 Rent .. .. .. 2,016 611 Coal rents .. .. .. 1,029 11 1 Interest on sales .. .. 2 17 10 Interest on sales .. .. 2,289 16 2 Royalties .. .. .. 2 6 2 Principal instalments on build2,02110 11 ings .. .. .. 184 10 8 Rents charged in advance .. .. .. 50,135 1 11 Departmental .. .. 3.456 9 7 Overpaid rents in Suspense as a result of capital Miscellaneous . . .. 6 17 6 reduction under Deteriorated Lands Act, 1925 666 4 3 105,167 0 6 Buildings, Suspense Account .. .. 54 17 1 Postponed rents— Writings-off in Suspense .. .. .. 525 11 2 Under Land Act .. .. 3,343 6 8 Revenue Account: Balance forward .. 89,945 19 7 Under Mortgagors and Tenants Relief Act, 1932 .. .. 31,467 7 6 — 34,810 14 2 Interest on sales accrued but not due . . . . 701 9 1 Losses in Suspense.. .. .. .. 525 11 2 Cash balance, 31st March, 1934 .. .. 124,581 11 6 £4,467,177 4 3 £4,467,177 4 3 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, 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. The following comments are appended : (1) The charges on land with respect to expenditure under section 47 of the Land for Settlements Act, 1925, or the corresponding provisions of any former Act, have not been abolished as required by section 17 (5) (b) of the Land Laws Amendment Act, 1927 ; (2) no part of the premium on conversion of the loan liability of the Public Works Fund General Purposes Account is reflected in the account; (3) to avoid delay the accounts of some land districts, the audits of which have not been completed by the local Audit Inspectors, have been accepted from the Department's records. —G. F. C. Campbell, Controller and Auditor-General.

B.—l [Pt. IV],

NATIONAL PROVIDENT FUND. Revenue Account foe the Year ended 31st December, 1933. Amount of f urid at-beginning of year 3,501,549 18 *5 Maternity claims (section 19) .. .. 5 534 ()' *0 Contributions .. .. .. .. 220,848 12 2 Maternity claims (approved friendly societies) 31!444 0 0 n eres .. .. .. .. . # 162,184 17 11 Refund of contributions on lapse, reduction, 5, .. •• •• •• 636 9 5 and withdrawal (sections 11, 12, and 13) .. 80,825 11 5 Government contribution under Act .. 44,794 13 9 Refund of contributions in lieu of pension Refund of maternity claims by the State .. 31,444 0 0 (section 14) .. .. .. .. 5 286 17 O Contributions overpaid on exit .. .. 30 111 Incapacity allowances (sections 17 and 18), Benefits refunded on exit .. .. .. 11,644 15 5 including contributions waived on incapacity Miscellaneous receipts 63 4 (£1 153 f Bs> 7cL) _ _ ~ .. 7 643 16 0 Premium on conversion 7,808 6 7 Death: Refund of contributions (sections ' 15 (5) and 16) .. .. .. .. 21,293 0 8 Death : Allowances on account of widows and children (section 15) - .. .. .. 11,980 19 1 Retirement: Allowances (sections 13 and 48).. 41'715 4 9 Refund of contributions overpaid on exit .. 30 111 Expenses— Salaries _ .. .. .. .. 6 1 Commission, allowances, and agency expenses 4,140 7 7 Postages .. .. .. .. 268 16 5 Printing and stationery .. .. .. 349 15 0 Rent .. .. .. .. .. 643 6 6 Government Actuary .. .. .. 850 11 10 Post and Telegraph Department: Charges .. 621 0 0 Public Trustee: Charges .. .. 3,025 0 4 Travelling allowances and expenses .. 265 18 4 General expenses .. .. .. 419 10 11 j Amount of fund at end of year .. .. 3,756,980 15 1 £3,980,947 18 11 £3,980,947 18 11 Balance-sheet as at 31st December, 1933. Liabilities. £ s . d. Assets £ a 1 Fund as per Revenue Account .. .. 3,756,980 15 1 In hands of Public Trustee— Ada value of office furniture and fittings .. 47 12 6 Invested .. .. .. .. 3,671,684 12 7 Uninvested .. .. . . . 7 664 i o in m • j • 3,757,028 7 7 Post Office .. .. .. l'ō72 3 6 '1V' I ,* .? a m course payment*— Balances in transit .. .. .. 9' 736 210 n +• in\ " " " 2,757 9 1 Contributions outstanding or in course of Death section 16 1,612 13 11 transmission*DaLi! 4 C il lon ,A •• " •• 342 8 3 (a) Contributions due but not overdue .. 10,583 10 7 ath. Allowances (section 15) .. .. 481 11 5 (ft) Contributions overdue .. .. 3 370 5 9 Allowances (sectionsl3 and 48) .. .. 1,787 11 9 Government subsidy due under Act* .. 44'794 13 9 owances (section 17) .. .. 365 2 6 Refund due in respect of maternity claims* .. 0 0 Expenses due and m course of payment*— Pines due* . 213 r 5 Sundry creditors .. .. .. 4,292 14 4 Interest due* .. .. .. .. 35 228 010 Commission, allowances, and agency expenses 612 110 Interest accrued but not due* 43' 562 6 3 Refunds in suspense 41,878 10 8 Office furniture and fittings .. ' 47 12 6 Suspense Account .. .. .. 231 10 7 Contributions prepaid .. .. .. 10,657 9 4 Investment Fluctuation Reserve (by transfer from refunds unclaimed) .. .. 8,842 1 7 £3,830,889 12 10 J £3,830,889 12 10 * Included in Revenue Account. R. Witheford, Superintendent. R. M. PORTEOUS, 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 - Gr. F. C. Campbell, Controller and Auditor-General. 1

B.—l [PT. IV].

NATIONAL PROVIDENT FUND AND FRIENDLY SOCIETIES DEPARTMENT. NATIONAL PROVIDENT FUND DEPARTMENT. Income and Expenditure Account fob the Year ended 31st March, 1934. Dr. £ s. d. Cr. ■ £ s. d. To Administration expenses: Rent .. .. 135 0 0 By Balance carried down .. .. .. 76,439 1 6 Other items — £ s. d. Maternity claims.. .. 31,228 0 0 State subsidy .. .. 45,013 0 3 Depreciation .. .. 58 10 0 Loss on realization of property 4 11 3 ■ 76,304 1 6 £76,439 1 6 £76,439 1 6 £ s. d. . £ s. d. To Balance brought down .. .. .. 76,439 1 6 By Excess of expenditure over income .. .. 76,526 1 6 7 Interest on capital .. .. .. 87 15 1 £76,526 16 7 £76,526 16 7 The above account includes a charge for interest on capital for which the Department has no parliamentary appropriation. FRIENDLY SOCIETIES. Income and Expenditure Account for the Year ended 31st March, 1934. Dr. Cr. £ s. d. To Administration expenses — £ s. d. By Sundry fees .. .. .. .. 115 6 Salaries .. .. .. •• 1,124 15 11 Sundry credits .. .. .. .. 3 13 Government Actuary .. .. .. 1,961 7 5 Balance carried down .. .. .. 3,379 410 Postages and telegrams .. .. .. 47 19 9 Printing and stationery .. .. .. 94 11 0 Rent .. .. .. .. .. 105 16 1 Telephone services .. .. • • 23 12 11 Travelling allowances and expenses .. 14 18 2 Fuel, light, power, and water . . .. 3 16 4 Office maintenance .. .. . . 14 0 Maternity allowances specially approved .. 6 0 0 £3,384 1 7 £3,384 1 7 £ s. d. £ s. d. To Balance brought down .. .. .. 3,379 410 By Excess of expenditure over income .. .. 3,387 610 Interest on capital .. .. .. 8 2 0 £3,387 6 10 £3,387 6 10 The above account includes a charge for interest on capital for which the Department has no parliamentary appropriation. Balance-sheet as at 31st March, 1934. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Capital Account .. .. .. .. 2,127 0 5 Furniture and fittings .. 1,544 211 Creditors —• Less disposals .. .. 6 2 6 Departmental . . . . .. .. 4 14 5 1,538 0 5 Sundry .. .. .. .. .. 632 3 4 Mechanical appliances .. .. .. 589 0 0 Reserve, depreciation.. .. .. .. 1,792 311 Stationery .. .. .. .. .. 36 19 0 Writing-off, Suspense Account .. .. 4 11 3 Stamps .. .. .. .. ■■ 2 14 6 Treasury Adjustment Account .. .. 77,524 15 3 Assets in suspense .. .. .. .. 411 3 Excess of expenditure over income— National Provident .. 76,526 16 7 Friendly Societies .. 3,387 6 10 79,914 3 5 £82,085 8 7 £82,085 8 7 R. Witheford, 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. —J. H. Fowler, Deputy Controller and Auditor-General.

B.—l [PT. IV],

NATIVE DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1934. Expenditure. Income. To Administrative expenses— £ s. d. £ s. d. By Departmental receipts— £ s. d. £ s. d. Salaries, temporary assistance, Native Land Court fees .. 3,322 10 0 and allowances .. .. 30,587 18 4 Maori Land Board fees .. 482 4 6 Travelling expenses and allow- 3,804 14 6 ances .. .. .. 2,142 19 7 Administration receipts: ContriTransfer and removal expenses 256 610 butions from Maori Land Boards .. 9,333 0 0 Freight and cartage .. .. 115 9 2 Other receipts— Fuel, light, and cleaning .. 56 11 11 Translations .. .. 62 7 3 Postages and telegrams .. 1,439 22 Translator's services, Legislative Printing and stationery .. 1,359 11 3 Department .. .. 25 0 0 Printing Court and Board Interpreters' licenses, &c. .. 886 Panuis, and Gazette extracts 851 3 4 95 15 9 Maintenance, office furniture, Balance carried down, being excess and equipment .. 42 3 2 of expenditure over income Meal allowances .. .. 211 13 0 earned .. .. 62,251 6 10 Advertising, books, newspapers, and other publications .. 94 12 1 Law-costs .. .. .. 11 5 0 Expenses of consolidation of Native Land titles .. 112 4 1 Expenses of Native-land development, contribution towards .. .. .. 1,000 0 0 Miscellaneous expenses .. 12 19 4 Depreciation .. .. 332 14 5 Rent of circuit rooms and departmental offices .. 722 17 11 Writings-off : Office equipment 3 3 3 39,352 14 10 Expenses of other services— Compensation to Natives for Taranaki lands (on account) 4,750 0 0 Contribution : Whakarewarewa Model Village improvement.. 350 0 0 Contribution — Water-supply, Ohinemuri .. 50 0 0 Te Rata Mahuta's tangi .. 50 0 0 Destruction of rabbits on Native lands .. .. .. 1,476 9 0 Eradication of noxious weeds on Native lands .. .. 2,054 5 0 Maori Arts and Crafts Board, expenses of .. .. 665 9 7 Maori meeting at Waitangi: Expenses, including preparation of camp, fares, meals to distinguished visitors, &c. .. 9,375 13 7 Native Land Acts, consolidation of .. .. .. 201 6 0 Native rates committee, expenses of .. .. 485 18 9 Recoupment to Public Works Fund for amounts written off principal and interest of survey liens (on account) .. 5,000 0 0 Soil Sanitation : Contribution towards cost of installing privy system in Maori pas .. 54 19 7 Ahuwhenua Trophy : Printing and incidental expenses .. 136 12 8 • 24,650 14 2 Expenditure under special Acts of the Legislature : Native Purposes Act, 1931, section 51 (1) (Arawa Lake claims) .. .. 5,520 0 0 Expenditure under Civil List Act, 1920, Part V (Native Purposes)— Medical services, Health Department .. .. 3,600 0 0 Food, clothing, &c. .. .. 2,024 10 2 Pensions and cash allowances .. 76 4 4 Water-supply and sanitation 23 2 8 Ensigns donated .. .. 5 22 Contribution towards expenses, Native nurse's car .. 32 11 9 New Plymouth Native Hostel, expenses of .. 44 7 4 * Tauranga Native Hostel, expenses of .. .. 6 16 6 Miscellaneous services .. 148 13 2 5,961 8 1 £75,484 17 1 £75,484 17 1 £ s. d. £ s. d. To Balance brought down .. .. .. 62,251 6 10 By Sundry Court fees (antecedent charges) .. 13 13 0 Interest on capital .. .. .. 875 7 6 Interest on advances under section Bof Finance Act, 1929 .. .. .. .. 318 7 6 Balance .. .. .. .. .. 62,794 13 10 £63,126 14 4 £63,126 14 4 Note.—The above account includes charges for assessed rent, depreciation, and interest on capital for which the Department has no parliamentary appropriation.

13— B. I [PT. IV],

B.—l [PT. IV],

NATIVE DEPARTMENT—continued. Balance-sheet as at 31st Maech, 1934. Liabilities. £ s. d. Assets. Capital Account .. .. .. .. 17,591 19 4 £ s. d. £ s. d. Sundry creditors — £ s. d Land .. .. .. 6,765 0 0 Departmental .. .. 1,091 14 4 Buildings .. .. .. 2,131 17 1 Sundry .. .. .. 1,146 5 6 8,896 17 1 2,237 19 10 Office furniture and fittings .. 2,654 12 9 Payments in advance .. .. .. 0 16 8 Hostelry furniture and equipment 83 5 10 Reserve for depreciation .. .. .. 2,701 17 10 2,737 18 7 Amounts held on deposit .. .. .. 459 16 0 Mechanical office appliances .. 789 3 7 Treasury Adjustment Account .. .. .. 76,485 10 3 Technical instruments .. .. 27 310 816 7 5 Advances to Public Works Fund under section 8 of Finance Act, 1929 .. .. .. 5,000 0 0 Motor-car for Native nurse .. .. .. 140 16 3 Equipment for Maori gatherings .. .. 85 16 0 £ s. d. Stationery .. .. .. 455 11 0 Stamps .. .. .. 71 4 0 526 15 0 Sundry debtors — Departmental .. .. 18 8 4 Sundry .. .. .. 18,000 11 5 18,018 19 9 Deposit Account: Miscellaneous .. .. 459 16 0 Excess of expenditure over income .. .. 62,794 13 10 £99,477 19 11 £99,477 19 11 P. G. Pearce, Under-Secretary. R. Jellicoe, 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 note.'—G, F. C. Campbell, Controller an Auditor-General.

B.—l [FT. IV],

PENSIONS DEPARTMENT. Income and Expenditure Account fob the Year ended 31st March, 1934. Expenditure. Income. To Pensions — £ s. d. £ s. d. By Credits from national-endowment residue for £ s. d. War pensions and allow- old-age pensions .. .. .. 37,374 9 5 ances .. .. 1,233,171 7 3 Credits from sundry outstandings .. .. 2,027 4 8 Old-age pensions .. 1,340,707 1 9 Credits from gold duty (Miners' Pensions Act, Widows'pensions .. 302,069 8 3 1926) .. .. .. .. .. 015 3 Military pensions (Maori Commission for paying Imperial pensions .. 3,493 17 9 War) .. .. 4,615 11 5 Credits from pensions paid to Miners'pensions .. 56,744 3 0 retired officers— £ s. d. Pensions for the blind .. 19,129 18 11 On account of Post and Family allowances .. 145,409 11 1 Telegraph Department.. 1511110 Pensions and allowances On account of Internal to disabled ex-members Affairs Department .. 22 19 3 of New Zealand Con- 174 11 1 tingents to South African Credits from other GovernWar and dependants of ments on account of deceased members payments made— thereof .. . . 2,144 18 6 Canadian Government .. 48 19 7 Pensions to epidemic Commonwealth Governwidows and their de- ment . t .. 23,525 5 2 pendants .. .. 3,362 6 4 Imperial Government .. 3,293 17 0 Pensions to ex-members Union of South Africa .. 018 11 New Zealand Defence Uganda .. .. 3 0 11 and Naval Forces .. 2,279 11 7 Deposits Account, Imperial Police pensions .. 1,373 19 7 pensions .. .. 211,337 0 4 Special annuities .. 5,041 19 11 238,209 1 11 Pensions under Civil Ser- Excess of expenditure over income .. ..3,226,157 12 11 vice Act .. .. 5,955 9 11 Annuity to daughter of the late Sir W. Fraser.. 150 0 0 Annuity to Lady Salmond 200 0 0 Judicature Act, 1908 .. 2,216 16 9 Unauthorized annuities .. 49 18 0 Grants to recipients of New Zealand Cross .. 118 9 — 3,124,624 1 0 Administration charges— Advertising .. .. 919 3 Sundries .. .. 60 7 4 Depreciation .. .. 507 6 2 Exchange and commission 35 11 5 Fees for certificate of age 126 12 1 Fuel, light, power, and water . . .. 102 5 4 Office equipment (repairs) 152 14 0 Overtime .. .. 136 10 8 Post-office services .. 17,183 9 4 Postage and telegrams .. 3,073 0 4 Printing and stationery .. 1,717 8 7 Rent of offices .. 3,023 18 9 Salaries .. .. 33,856 14 7 Telephone services .. 268 3 10 Transfer and removal expenses .. .. 19 0 4 Travelling-expenses (departmental officers) .. 960 14 3 War Pensions Appeal Board expenses .. 2,950 2 9 64,183 19 0 Carried forward.. .. .. 3,188,808 0 0 Carried forward.. .. .. 3,507,437 13 0

B.—l [PT. IV],

PENSIONS DEPARTMENT —continued. Income and Expenditure Account for the Year ended 31st March, 1934—continued. Expenditure—continued. £ s. d. Income —continued. £ s. d. Brought forward .. .. 3,188,808 0 0 Brought forward .. .. 3,507,437 13 0 Other charges— Clothing allowances .. .. .. 401 1 5 Life-insurance loadings .. .. .. 169 11 10 Medical fees .. .. .. .. 5,65645 Medical treatment of returned soldiers .. 69,525 311 Medical treatment of South African War veterans .. .. .. .. 66 19 11 Medical treatment of Defence and Naval Forces .. .. .. .. 174 12 11 Rail concessions to disabled soldiers .. 1,557 17 11 Re-establishment of disabled soldiers in civil employment .. .. .. 973 14 0 Travelling-expenses (pensioners) .. 1,720 13 8 Pensions to retired postal officers .. 151 11 10 Pensions to retired officers, Internal Affairs Department .. .. .. 22 19 3 Payments on account of other Governments — £ s. d. Canadian Government 48 19 7 Commonwealth Government .. .. 23,525 5 2 Imperial Government.. 3,293 17 0 Union of South Africa 0 18 11 * Uganda .. .. 3 0 11 Deposits Account, Imperial pensions .. 211,337 0 4 — 238,209 1 11 £3,507,437 13 0 £3,507,437 13 0 £ s. d. £ s. d. To Balance brought down .. .. .. 3,226,157 12 11 By Balance after charging interest .. .. 3,226,431 10 4 Interest on capital .. .. .. 273 17 5 £3,226,431 10 4 £3,226,431 10 4 Percentage of cost of administration to total expenditure, 1-83. Note. —Included in above expenses are items which do not appear in annual appropriations—i.e., interest on capital, £273 17s. 5d.; rental assessed by Public Works Department, £2,046. Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 6,086 19 8 £ s. d. £ s. d. Creditors— Furniture and fittings .. .. 4,909 14 7 Departmental .. .. .. .. 1,279 16 5 Mechanical appliances .. .. 948 9 6 Sundry .. .. .. .. 5,116 18 1 Permanent fittings, Auckland Office 228 15 7 Pensions due but unpaid .. .. 33,922 12 4 6,086 19 8 Rent due but unpaid .. . . . . 18 5 6 Medical stores on hand .. .. 474 2 4 Pensions paid but not cleared .. .. 1,569 8 1 Stationery on hand .. .. .. 778 17 7 Reserve for depreciation .. .. .. 4,478 14 1 Stamps on hand .. .. .. 90 9 1 Deposits Account, Miscellaneous (J. Petrie), Pensions prepaid .. .. .. 234,624 1 4 (Canadian Government) .. .. .. 25 7 10 Accounts prepaid .. .. .. 74 4 5 Deposits Account, Imperial pensions.. .. 19,843 3 2 Bent prepaid .. .. .. .. 0 7 2 Imperial pensions not cleared .. .. 11,959 3 2 Sundry debtors— Treasury Adjustment Account .. .. 3,470,452 19 4 Departmental .. .. 37,394 13 3 Advances on account other Governments (Finance Act, 1930 (No. 2), section 7) — Canadian Government .. 50 7 0 Commonwealth Government 14,096 12 8 Imperial Government .. 2,107 18 0 Union of South Africa .. 112 7 10 53,761 18 9 Deposits Account, Miscellaneous (J. Petrie) : Cash 25 7 10 Deposits Account: Imperial pensions (cash) .. 32,405 9 2 Excess of expenditure over income .. .. 3,226,431 10 4 £3,554,753 7 8 £3,554,753 7 8 J. H. Boyes, 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. —J. H. Fowler, Deputy Controller and Auditor-General.

100

B.—l [PT. IV],

POST AND TELEGBAPH DEPARTMENT. POSTAL BRANCH. Profit and Loss Account foe the Year ended 31st March, 1934. Dr. £ s, d. Cr. £ s . d. To Working-expenses .. .. .. 1,129,659 12 BBy Postages .. .. .. .. 915,895 9 3 Earthquake expenditure, Suspense .. 13,045 6 4 Rents received .. .. .. 11,101 14 6 Depreciation (6) .. .. .. 23,554 2 0 Private box and bag rents .. .. 27,053 12 2 Profit before charging interest on capital, Rural delivery fees .. .. .. 19,310 4 11 carried down .. .. .. 11,136 8 9 Money-order and postal-note commission .. 57,175 13 10 Miscellaneous revenue .. .. .. 146,858 15 1 £1,177,395 9 9 £1,177,395 9 9 £ s. d. £ g_ d. To Interest on capital (a) .. .. .. 68,705 611 By Profit brought down .. .. .. 11,136 8 9 Loss on year's working transferred to General Profit and Loss Account .. .. 57,568 18 2 £68,705 6 11 £68,705 6 11 TELEGRAPH BRANCH. Profit and Loss Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s , d. To Working-expenses .. .. .. 288,571 14 0 By Revenue .. .. .. .. 265,579 1 10 Earthquake expenditure, Suspense .. .. 1,206 6 8 Miscellaneous .. .. .. .. 7 1 Depreciation (6) .. .. .. .. 35,013 11 7 Rents received .. .. .. .. 1,026 12 1 Loss before charging interest on capital, carried down .. .. .. .. 7,872 11 3 £324,791 12 3 £324,791 12 3 £ s. d. £ s. d. To Loss brought down .. .. .. 7,872 11 3By Loss on year's working transferred to General Interest on capital (a) .. .. .. 29,092 8 9 Profit and Loss Account .. .. 36,965 0 0 £36,965 0 0 £36,965 0 0 TOLL BRANCH. Profit and Loss Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s . d. To Working-expenses .. .. .. 184,895 6 1 By Revenue .. .. .. .. 412,478 7 1 Earthquake expenditure, Suspense .. .. 3,479 0 0 Rents received .. .. .. .. 2,'960 13 6 Depreciation (6) .. .. .. .. 100,977 611 Miscellaneous .. .. .. .. 14,692 1 2 Profit before charging interest on capital carried down .. .. .. .. 140,779 8 9 £430,131 1 9 £430,131 1 9 £ s - d. £ s . d. To Interest on capital (a) .. .. .. 83,901 I 4By Profit brought down .. .. .. 140,779 8 9 Profit on year's working transferred to General Profit and Loss Account .. .. 56,878 7 5 £140,779 8 9 £140,779 8 9 TELEPHONE BRANCH. Profit and Loss Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s . d. To Working-expenses .. .. .. 429,193 16 5 By Telephone revenue .. .. .. 1,156,459 18 11 Earthquake expenditure, Suspense .. .. 4,994 14 10 Rents received .. .. .. 4,250 11 9 Depreciation (b) .. .. .. .. 388,518 7 7 Miscellaneous .. .. .. .. 46,350 10 8 Profit before charging interest on capital carried down .. .. .. .. 384,354 2 6 £1,207,061 1 4 £1,207,061 1 4 £ s. d. £ s. d. To Interest on capital (a) .. .. .. 328,458 7 1 By Profit brought down .. .. .. 384,354 2 6 Profit on year's working transferred to General Profit and Loss Account .. .. 55,895 15 5 £384,354 2 6 £384,354 2 6

101

B.—l [PT. IV].

POST AND TELEGRAPH DEPARTMENT—continued. WIRELESS BRANCH. Profit and Loss Account foe the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. To Working-expenses .. .. .. 11,680 411 By Revenue on wireless traffic .. .. .. 5,130 12 0 Depreciation (6) .. .. .. .. 3,507 7 9 Loss before charging interest on capital, carried down .. .. .. .. .. 10,057 0 8 £15,187 12 8 £15,187 12 8 £ s. d. £ s. d. To Loss brought down .. .. .. 10,057 0 8 By Loss on year's working, transferred to General Interest on capital (a) .. .. .. 2,774 9 7 Profit and Loss Account .. .. .. 12,831 10 3 £12,831 10 3 £12,831 10 3 SERVICE GARAGE. Profit and Loss Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. To Working-expenses .. .. .. 43,255 14 0 By Revenue .. .. .. .. 61,278 9 2 Depreciation (b) .. .. .. .. 8,287 12 2 Profit before charging interest on capital carried down .. .. .. .. .. 9,735 3 0 £61,278 9 2 £61,278 9 2 £ s. d. £ s. d. To Interest on capital (a) .. .. .. 4,950 17 3 By Profit brought down .. .. .. 9,735 3 0 Profit on year's working, transferred to General Profit and Loss Account .. .. .. 4,784 5 9 9,735 3 0 £9,735 3 0 GENERAL PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 1934. Dr. £ s. d. Or. £ s. d. To Postal Branch, loss .. .. .. 57,568 18 2 By Toll Branch, profit .. .. .. 56,878 7 5 Telegraph Branch, loss .. .. .. 36,965 0 0 Telephone Branch, profit .. .. .. 55,895 15 5 Wireless Branch, loss .. .. .. 12,831 10 3 Garages, profit .. .. .. .. 4,784 5 9 Net profit .. .. .. .. 10,193 0 2 £117,558 8 7 £117,558 8 7 GENERAL PROFIT AND LOSS ACCOUNT APPROPRIATION ACCOUNT, 1933-34. Dr. £ s. d. Gr. £ s. d. To Payments to Treasury .. .. .. 154,387 18 9 By Balance forward .. .. .. .. 21,617 811 Expenditure chargeable against Profit ana Loss General Profit and Loss Account .. .. 10,193 0 2 Accounts for previous years .. .. 133 12 11 Depreciation provided in excess of requireBalance .. .. .. .. .. 31,676 16 2 ments during previous years .. .. 154,387 18 9 £186,198 7 10 £186,198 7 10

102

POST AND TELEGRAPH DEPARTMENT— continued Balance-sheet as at 31st March, 1934. Receipts and Expenditure on Capital Account.

B.—l [PT. IV],

General Balance-sheet. Liabilities. . Sundry creditors— o „ 1 n Assets. £ Money-order payees for unpaid money-orders .. 50 858 68S**C ° f / * ,* * .•• •.. 1,259,095 14 9 Other administrations on money™rder, postal, and cable accounts llololf 14 2 Telegraph Engmeer's and Workshops, and in transit ". '407',883 10 0 SmdryTthe? a CTeTitors UnPald POSW n ° teS " " " J-'gqa 7 *7 Other administrations on money-order account .. .. 10,11112 9 Other Government Departments X SS I J \° * Assets written off Reserve Account .. *7 *n i> + n#: t i _l- £ a a 116,640 22 War Loan Certificate Account ~'Hoo Ī „ ° 06 Inv , estment Certificate Account: Investments held in Post Office Investment Certificate Account ! 1 W o*l £ n Government loans 1,527,650 0 0 Money-order Settlement Account .. .. IP 1 Postmasters balances . 2,083,135 17 10 Postmasters : For advance to Postmasters of stamps,' postal notes, British postal Savings-bank funds held m balances 370,626 19 6 orders Post Office investment certificates, and other documents of value, including i mc — 7 stocks held m the General Post Office .. o qqc qqi n , „ nffi . , . , ~ , . , 1,/12,008 18 4 Depreciation Reserve (including maintenance and renewals, equalization reserve', "' 396 ' 391 11 1 Head Office Account, including cash m bank 1,078,629 3 6 Fire Insurance Rraerve 6 ' 6^" 0116 s^ 3,478,538 911 Assets written off, Suspense Account ~ 2 1911 7 0 Investments held on behalf of Radio Broadcasting Board 45'oc» 0 0 of thc Po3t and Telegraph Act, 1928 .. 0 0 :: j MASSES*? :: :: :: :: :: tOSil " •• •• •• •• 01, bib 16 2 Loan Conversion Expenses Account .. .. .. .. .. 68 642 12 0 Earthquake expenditure, Suspense .. .. .. .. # # # 22' 725 7 11 £8,658,165 1* 4 14 4 cent tol.f ™ch investments, interest on balance of capital is at £4 7s. 6d. per payments made in London is included in the account P ' g6 6mg Camed t<s De P reciatl <™ Reserve, (e) No charge for the cost of exchange on capital A. Marshall, A.R.A.N.Z., Director of Finance and Chief Accountant. T , G. McNamara, Director-General, Post and Telegraph Department and v Profi <i and Loss Accounts and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit State the P oSltlon as dlsclosed subject to the above departmental notes.-J. H. Fowler, Deputy-Controller and Auditor-General 101 &Udlt '

103

" j Dr. j As 31st March, Amount debited As at 31st March * a. . , . , 1933. during Year i,,,' Cr. I Capital as at 1st i Amount received Capital as at 31st - - I I I ■ : A Pril, 1933. I Year 1933-34. March, 1934. To Expenditure — £ s. d. £sd£ s d Te wOTksL a progreffi SyStemS ' meludins 2 ' 432 ' 696 ° ® 28,053 6 0 2,460,749 6 8 By Receipts: Public Works Fund .. 12,673,362 17 10 5 *6 12,841,735 3 *4 Telephone-exchange systems, including 8,386,873 12 5 32,635 9 5 8,419 509 1 10 works in progress Wireless systems .. .. 55,749 12 6 Cr. 22,240 3 6 33,509 9 0 Buildings and Sites .. .. 2,724,247 6 1 17,401 11 1 2,741,648 17 2 Plant and Workshops .. .. 34,006 3 7 386 5 0 34 392 8 7 Motor-garages, &c. .. .. 232,901 10 2 1,131 17 4 234 033 7 6 furniture and fittings .. .. 176,582 15 0 405 12 4 176,988 7 4 14,043,057 0 5 57,773 17 8 14,100,830 18 1 12,673,362 17 10 168,372 5 6 12,841,735 3 4 Balance, carried to General Balance- .. .. 1 259 095 14 9 sheet ' | 14,100,830 18 1

B.—l [PT. IV].

POST AND TELEGRAPH DEPARTMENT —continued. SAVINGS-BANK BRANCH. Profit and Loss Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. £ s. d. To Interest credited to depositors'accounts .. 1,229,074 2 1 By Interest received .. 1,607,350 2 1 Management expenses .. .. 116,463 5 7 Plus interest accrued to Balance, carried to Appropriation Account 135,372 0 0 31st March, 1934 .. 323,339 15 4 1,930,689 17 5 Less interest accrued on 31st March, 1933 485,411 11 6 1,445,278 5 11 Sundry receipts .. .. .. 35,631 1 9 £1,480,909 7 8 £1,480,909 7 8 Appropriation Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. To Savings-bank profits, paid to Consolidated Eund 100,000 0 0 By Balance brought forward .. .. .. 85,351 110 Balance carried forward .. .. .. 120,723 1 10 Profit and Loss Account .. .. .. 135,372 0 0 £220,723 1 10 £220,723 1 10 Balance-sheet of the New Zealand Post Office Savings-bank as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Balance at credit of depositors'accounts .. 44,870,391 3 0 Cash on hand and at bank .. .. 370,626 19 6 Letters of credit and other liabilities .. 12,324 11 5 Investments .. .. .. .. ,f 8 Reserve Eund .. .. .. -. 1,028,143 7 5 Interest accrued on investments .. .. 323,339 15 4 Profit and Loss Appropriation Account .. 120,723 110 Sundry debtors .. .. .. .. 588 4 2 £46,031,582 3 8 £46,031,582 3 8 A. Marshall, A.R.A.N.Z., Director of Finance and Chief Accountant. G. McNamara, Director-General, Post and Telegraph Department. 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 J. H. Fowler, Deputy Controller and Auditor-General. PRIME MINISTER'S DEPARTMENT. Income and Expenditure Account for the Year ended 31 st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. •• 2,122 6 3 By Balance carried down .. .. •• 24,921 19 7 League of Nations : New Zealand expenses .. 21,434 7 3 Printing and stationery .. .. .. 278 7 8 Rent of offices .. .. .. .. 712 0 0 Sundries .. .. .. • • • • 143 19 8 Depreciation .. .. .. .. 230 18 9 £24,921 19 7 £24,921 19 7 £ s. d. £ s. d. To Balance brought down .. .. .. 24,921 19 7By Balance carried to Balance-sheet .. .. 25,069 2 7 Interest on capital.. .. .. .. 147 3 0 £25,069 2 7 £25,069 2 7 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital as at 31st March, 1934 .. .. .. 3,275 14 4 Furniture and fittings .. .. .. - 2,408 19 4 Creditors • Sundrv .. .. . • • ■ 8 511 Mechanical appliances .. .. .. • • 155 10 0 Depreciation Reserve .. 1,296 10 8 Library 711 5 0 Treasury Adjustment Account .. .. .. 23,764 6 0 Excess of expenditure over income .. .. 25,069 2 7 £28,344 16 11 £28,344 16 11 Note.—The following charges are included for which the Department possesses no parliamentary appropriation : (a) Interest at 4J per cent, and 2| per cent, on capital as at 31st March, 1934 ; (b) rental assessed by Public Works Department. F. D. Thomson, Permanent Head. F. B. Dwyer, 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. —J. H. Fowler, Deputy Controller and Auditor-General.

104

B.—l [PT. IV].

PRINTING AND STATIONERY DEPARTMENT. Trading Account fob the Year ended 31st March, 1934. -P t> Dr ', ,• , „ Gr • £ s. d. £ s. d. io Paper and materials— £ s. d. £ s. d. By SalesStock at beginning .. .. 22,288 8 7 Manufacturing .. .. 129,732 0 7 Add purchases .. .. 30,905 15 7 Less work in progress, 31st March, 1933 .. 7,074 3 10 53,194 4 2 Less stock on hand, 31st 122 657 16 9 March, 1934 .. .. 24,961 7 0 Add work in progress 28,232 17 231 st March, 1934 .. 6,354 5 7 Stationery— Stock at beginning .. .. 9,069 9 5 129 042 2 4 Add purchases .. .. 18,908 0 5 Stationery .. .. 26'980 10 10 Publications .. .. 8,444 14 1 27,977 9 10 Typewriters .. .. 1,552 11 9 Less stock on hand, 31st , Igg Qjg jg y March, 1934 .. .. 8,026 6 3 Discounts received . . .. .. 157 210 ■ 19,951 3 7 Publications— Stock at beginning .. .. 10,187 1 7 Add purchases .. .. 4,668 6 7 14,855 8 2 Less stock on hand, 31st March, 1934 .. .. 11,131 3 11 3,724 4 3 Typewriters— Stock at beginning .. .. 148 17 0 • Add purchases .. .. 1,365 19 3 1,514 16 3 Less stock on hand, 31st March, 1934 .. .. 115 4 6 1,399 11 9 Wages (productive) .. .. 46,399 0 6 Wages (establishment) .. 16,685 17 5 Wages (Stationery Office) .. 5,538 10 2 Freight (inwards) .. 5,374 17 7 Lighting (proportion) .. 283 3 10 Power .. .. .. 643 3 7 Fuel .. .. ~ 654 3 3 Water .. .. .. 193 5 0 75,772 1 4 Balance transferred to Profit and Loss Account 37,097 3 9 £166,177 110 £166,177 ITo Profit and Loss Account for the Year ended 31st March, 1934. Dr. £ s. d. Gr. £ s . d. To Office salaries .. .. .. .. 5,047 2 1 By Balance transferred from Trading Account .. 37,097 3 9 Repairs and alterations to buildings and plant 329 7 11 Storing and handling stationery, &c., for other Postages and telegrams .. .. .. 767 9 5 Government Departments .. . . 898 17 8 Freight and cartage (outward) .. .. 1,871 4 1 Commission on sales of publications .. .. 1,424 14 8 Insurance .. .. .. .. 92 13 5 Rent receivable .. .. .. .. 295 11 8 Exchange .. .. .. .. 12 17 6 Discounts allowed .. .. .. 101 1 10 Telephones (rental) .. .. .. 118 5 11 Medical services .. .. .. .. 73 6 8 Lighting, &c. (proportion) .. .. .. 31 9 4 Proportion of rent, &c., High Commissioner's Office .. .. .. .. .. 284 0 0 Office expenses .. .. .. .. 377 711 Sundry trade expenses .. .. .. 330 17 7 Audit foe .. .. .. .. 100 0 0 Wages—Cleaners, watchmen, &c. .. .. 1,076 14 7 Interest on capital .. .. . . 8,069 110 Depreciation .. .. .. .. 9,498 10 8 Balance carried down .. .. .. 11,534 17 0 £39,716 7 9 £39,716 7 9 £ s. d. By Balance brought down .. .. .. £11,534 17 0 Note. Interest at the rate of 4| per cent, has been charged on capita] for which the Department has no parliamentary appropriation.

14— B. I [PT. IV],

105

B.—l [PT. IV].

PRINTING AND STATIONERY DEPARTMENT—continued. Balance-sheet as at 31st Maech, 1934. Liabilities. Assets. £ s. d. £ s. d. Capital Account — £ s. d. £ s. d. Land .. .. .. •• •• ® 2 Public Works Fund .. .. 112,623 6 0 Buildings .. .. .. • • •• 50,528 17 9 Consolidated Fund .. .. 66,689 17 11 Plant and machinery— 179,313 311 Composing plant .. .. 1,101 210 Creditors Monotype plant .. .. 12,293 13 3 Departmental .. .. 1,065 16 8 Addressograph plant .. .. 624 15 0 Sundry .. .. • • 1,247 14 6 Printing plant .. .. 26,024 14 0 2,313 11 2 Binding plant .. .. 13,752 11 11 accrued .. .. •• 51858 Litho plant ■. . • • • 3,922 210 Bacf Debts Reserve .. .. .. •• 170 811 Photo plant .. .. .. 1,767 411 Depreciation Reserve .. .. 72,852 19 11 Stereotype plant .. .. 1,789 17 9 Writing-off, Suspense Account .. .. .. 222 16 1 Engine-room plant .. .. 1,564 12 9 Balance, Profit and Loss Account .. .. 11,534 17 0 Miscellaneous plant .. .. 9,621 12 6 72,462 7 9 Furniture, fittings, and office equipment .. 2,426 17 10 Type.. .. .. •• 4,577 13 6 Accessories — Composing Branch . . •. 3, 593 8 3 Monotype Branch .. . • 102 17 3 Addressograph Branch .. 48 0 0 Printing Branch . . • . 106 17 4 Binding Branch .. .. 763 1 2 Litho Branch .. .. 205 4 6 Photo Branch . . .. 78 5 4 Stereotype Branch .. . . 16 10 1 Engine-room .. • • 67 4 2 Paper-store .. . • .. 72 18 1 5,054 6 2 Debtors— Departmental .. .. 5,461 12 6 Sundry .. .. .. 1,993 3 0 7,454 15 6 Work in progress .. .. .. 6,384 5 7 Stock — On hand .. .. ■■ 43,819 12 7 On consignment .. .. 414 9 1 44,234 1 8 Stock, Suspense Account .. .. 220 9 11 Assets to be written off .. . • • ■ 2 6 2 Treasury Adjustment Account .. .. 14,581 010 £266,926 2 8 £266,926 2 8 E. Y. 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 note, and to the comment that no charge for the cost of exchange on payments made in London is included in the Account. —J. H. Fowler, Deputy Controller and Auditor-General.

106

B.—l [Pt. IV].

PUBLIC DEBT REDEMPTION FUND. Showing the Net Cost to the Taxpayer of Debt-reduction under the Repayment of the Public Debt Act, 1925. Revenue Account for the Year ended 31st March, 1934. Dr. Gr. To Public Debt Repayment Account: Pay- £ s. d. By Interest on Public Debt Redemption Fund— £ s. d. ments from Consolidated Fund— Public Trust.. .. .. .. 288,977 19 5 J per cent, on public debt outstanding at State Advances .. .. .. 145,046 18 7 31st March, 1933 .. .. .. 1,041,045 19 10 Discharged Soldier,s Settlement Account 323,424 13 1 J per cent, on public debt redeemed to 31st March, 1933 .. .. .. 42,163 0 4 Total income .. .. .. 757,449 11 1 3i per cent, on public debt redeemed to Excess of expenditure over income .. 634,812 2 3 31st March, 1933 .. .. .. 295,141 2 1 3J per cent, on public debt cancelled during year .. .. .. 13,911 11 1 £1,392,261 13 4 £1,392,261 13 4 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. £ s. d. Public Debt Redemption Fund .. .. 19,225,644 10 6 Investments — Treasury Adjustment Account .. .. 1,616,632 310 Public Trust Office .. .. .. 7,966,688 11 2 State Advances Office .. .. .. 3,258,955 19 4 Discharged Soldiers Settlement Account .. 8,000,000 0 0 Interest accrued — Public Trust Office .. .. .. 2,682 9 6 State Advances Office .. .. .. 31,836 4 4 Discharged Soldiers Settlement Account .. 25,863 0 3 Interest due and unpaid — State Advances Office .. .. .. 44,180 12 0 Discharged Soldiers Settlement Account .. 828,761 12 10 Cash in State Advances Account .. .. 48,496 2 8 Excess of expenditure over income* .. 634,812 2 3 £20,842,276 14 4 £20,842,276 14 4 * Note.—The excess of expenditure over income represents the amount by which the contributions from the Consolidated Fund to the Public Debt Repayment Account in terms of the Repayment of Public Debt Act, 1925, exceed the receipts from income on the Public Debt Redemption Fund, and is, therefore, the net cost to the taxpayer on account of debt reduction under the Act, for the financial year 1933-34. The figure for the financial year 1932-33 was £443,086 ss. sd. B. C. Ashwin, for Accountant to tie 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 note. —J. H. Fowler, Deputy Controller and Auditor-General.

107

B. —1 [PT. IV],

PUBLIC SERVICE COMMISSIONER'S OFFICE. Income and Expenditure Account fob the Yeah ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Permanent charges: Salaries . . 1,497 4 2 By Examinations .. .. .. .. 345 9 5 Appropriations — £ s. d. Balance carried down .. .. .. 6,093 7 7 Salaries .. .. .. 3,581 2 4 Advertising .. .. 30 18 1 Office fittings and requisites .. 12 12 10 Printing and stationery .. 133 5 1 Postage and telegrams .. 72 14 0 Kent .. .. .. 390 0 0 Telephones .. .. 86 10 0 Travelling-expenses .. .. 395 14 5 Appeal Board .. .. 109 7 1 Sundry payments .. .. 12 16 6 4,825 0 4 Depreciation .. .. .. .. 116 12 6 £6,438 17 0 £6,438 17 0 £ s. d. £ s. d. To Balance brought down .. .. .. 6,093 7 7 By Excess of expenditure over income .. .. 6,167 11 0 -Interest on capital .. .. .. .. 7435 £6,167 11 0 £6,167 11 0 Note.—4J per cent, interest on capital is included in the above charges. The office possesses no parliamentary appropriation for this item. Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital Account .. .. .. .. 1,649 15 11 Office furniture .. .. .. .. 1,649 15 11 Treasury Adjustment Account .. .. .. 4,843 1 8 Stationery on hand .. .. .. .. 50 10 0 Sundry creditors — £ s. d. Official stamps on hand .. .. .. 713 0 External Affairs Department .. 35 0 0 Excess of expenditure over income .. .. 6,167 11 0 Post and Telegraph Department .. 10 17 1 Printing and Stationery Department 9 6 2 Other than Government Departments 26 19 9 82 3 0 Depreciation Reserve .. ». .. .. 1,300 94 £7,875 9 11 £7,875 9 11 T. Mark, Secretary, Public Service Commissioner. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental note. —G. F. C. Campbell, Controller and Auditor-General. PUBLIC SERVICE SUPERANNUATION FUND. Revenue Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. To Amount of fund at beginning of year .. 2,897,415 3 1 By Retiring-allowances— £ s. d. Members'contributions— To members .. .. .. .. 448,761 8 9 Under section 19 (ordinary) .. .. 227,766 19 5 To widows and children .. .. 38,163 17 0 Transferred from other superannuation Contributions returned — funds .. .. .. .. 882 17 2 Under section 37 (left service) .. .. 23,406 5 4 Interest on arrears of contributions .. 650 18 10 Under section 42 (death) .. .. 12,466 11 3 Government subsidy — Under section 34 (retirement) .. .. 1,678 5 10 Statutory .. .. .. .. 86,000 0 0 Contributions transferred to other superSpecial, section 29, Finance Act (No. 2), animation funds (section 120) .. .. 17 9 1 1933 .. .. .. .. 40,775 13 1 Interest (section 38, Public Service SuperSection 114, Public Service Superannuation annuation Act, 1927) .. .. .. 21 5 7 Act, 1927 (widows and children) .. 16,753 14 10 Loss on realization of security .. .. 1,248 14 7 £ s. d. Expenses— Interest on investments .. 131,314 13 3 Salaries .. .. .. .. 2,218 17 6 Less amounts written off Medical fees .. .. .. .. 7180 by Court Orders, Mort- Audit fees .. .. .. .. 60 0 0 gagors and Tenants Rent .. .. .. .. 123 15 0 Relief Act, 1933 .. 4,747 17 7 Cleaning .. .. .. .. 49 3 8 126,566 15 8 Messenger service .. .. .. 35 8 8 Reimbursement by Treasury on account Public Trustee's charges .. .. 3,097 10 4 reduction of interest* .. .. .. 30,633 0 0 Contingencies .. .. .. 7 11 3 Subsidy, Cook Islands and Samoa .. 599 9 8 Post and Telegraph Department charges .. 1,000 0 0 Premium on conversion, New Zealand Go- Furniture and fittings .. .. .. 7 12 vernment inscribed stock .. .. 3,731 12 4 Typewriters and other machines (upkeep).. 4 14 10 Recoveries: Realization of security .. 75 0 0 Legal charges .. .. .. 172 12 1 Fines, fees, and sundries .. .. .. 593 5 5 Heating and lighting .. .. .. 15 7 4 Stipendiary Magistrates' Account: Adminis- Printing and stationery .. .. 100 7 4 tration expenses recovered .. .. 64 1 7 Postages, telegrams, and services .. 206 19 6 Travelling-expenses .. .. .. 911 6 Balance as at 31st March, 1934 .. .. 2,899,564 5 6 £3,432,508 11 1 £3,432,508 11 1 * Payment by Treasury of amount, of statutory reduction of interest on mortgage securities, National Expenditure Adjustment Act, 1932, Part 111, £15,412 ; interest-tax, rural advances bonds and intermediate-credit debentures, section 6, Finance Act, 1932-33, £2,818 ; statutory reduction of interest, New Zealand Government inscribed stock, New Zealand Debt-conversion Act, 1932.-33, £6,332 ; statutory reduction of interest, local-body debentures, section 5, Local Authorities Interest Reduction and Loans Conversion Act, 1932-33, £6,071: total. £30,633.

108

B.—l [Pt. IV].

PUBLIC SERVICE SUPERANNUATION FUND—continued,. Balance-sheet as at 31st Maech, 1934. Liabilities. i yl ssets Superannuation Fund Account— 1 ' £ s d Balance due from Revenue £ s. d. £ s. d. Amount invested by the Board .. .. 2,789,203 14 5 Account .. .. 2,899,564 5 6 Contributions due in course of transmission .. 29!190 12 2 Add value ol office furm- £ s d ture, fittings, and ma- Interest due and outstanding .. 63,642 5 4 chinery .. .. 351 18 3 Interest accrued but not due .. 29,685 9 2 2,899,916 3 9 93,327 14 6 . Subsidy— Retiring and other allowances due in course of Cook Islands and Samoa .. .. . . 53 4 11 payment— Section 114, Public Service Superannuation To members . . 2,385 5 7 Act, 1927 .. .. .. .. 177 14 10 ~ |° widows and children .. .. .. 298 19 1 Contributions transferable from other superKelunds 01 contributions due in course of pay- annuation funds . . 115 14 1 ttT 1 " . > Rates, fees, and premiums paid on account of Under section 37 (left service) . . .. 371 14 4 mortgagors (recoverable) .. .. .. 1 624 0 6 Under section 42 (death) .. .. .. 1,320 15 5 Office furniture, fittings, and machinery .. '351 18 3 Expenses due in course of payment Retiring-allowances recoverable (Pensions DeHeating and lighting .. . . .. 016 0 partment) .. .. .. .. 31 0 6 Printing and stationery .. .. .. 619 10 Sundry debtors (Rarotongan Administration) .. 375 17 4 Post and Telegraph charges .. .. 236 2 6 Cash in hand, Public Trustee .. t56 471 7 2 Typewriters and other machines (upkeep) .. 0 4 0 Cash in bank .. l'oi7 14 3 Public Trustee's charges on accrued interest .. 3,140 6 0 Cash in hand, Post and Telegraph Department" '450 4 4 Contributions paid m advance or in error .. 132 18 1 Balance, Government subsidy* .. .. 64,500 0 0 Unclaimed Account (contributions, &c.) .. 79 8 8 Balance Cost-of-living Bonus Account .. 14 0 £2,972,390 17 3 £2,972,390 17 3 it i. t, The subsidy is paid n January of each year; owing to the change in the date ol the financial year, to show the true position of the fund it is necessary to state this item as a liability. t Includes £50,000 on deposit at call; interest, 3i per cent. position oitne runa The P rovisions of section 9 ( 2 )' National Expenditure Adjustment Act, 1932, as amended by sections 24 and 25, Finance Act, 1932-33 (No. 2), amounted to £72,685 7s. lOd. as at 31st March, 1934. Subsidiary Account. Cost-of-living Bonus paid to Annuitants of the Public Service Superannuation Fund on behalf of the Treasury. _ 4 Dr - . . £ s. d. Gr. £ s _ d . To Amount disbursed for period Ist April, 1933, By Amount received from Treasury .. 1 106 3 8 to 31st. March, 1934 .. .. 1,104 19 8 Balance carried forward .. .. .. 14 0 £I>lo61 > 106 3 8 £1,106 3 8 Stipendiary Magistrates' Account. Revenue Account for the Year ended 31st March, 1934. Di*. £ s. d. Gr. £ s d 1110^ -^P 1933 .. .. 23,695 15 2 By Retiring-allowances .. .. .. 3 448 4jq Members contributions, section 63, Public Contributions returned, section 63, Public SerService Superannuation Act, 1927 .. 1,640 8 5 vice Superannuation Act, 1927 .. .. 688 10 0 Interest on investments .. .. .. 1,251 4 7 Administration expenses .. .. . 64 1 7 Premium on conversion, New Zealand Govern- Balance as at 31st March, 1934 22 418 2 3 ment inscribed stock ...... 31 10 6 ' £26,618 18 8 £26,618 18 8 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets £ s d Stipendiary Magistrates Account: Balance due Amount invested by the Board .. 22 439 8 2 from Revenue Account .. .. .. 22,418 2 3 Contributions due in course of transmission .. '3015 9 Ketinng-allowance due in course of payment .. 52 1 8 £22,470 3 II £22,470 3 11 liabJity under the provisions of section 10 (3), National Expenditure Adjustment Act, 1932, as at 31st March 1934 amounts to £606 ss. 2d. Wellington, 6th June, 1934. R. S. Wogan, Acting-Secretary, 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, subject to the above departmental notes.—G. F. C. Campbell, Controller and Auditor-General.

109

B.—l [PT. IV],

PUBLIC TRUST OFFICE. Profit and Loss Account for the Year ended 31st March, 1934. £ s. d. £ s. d. To Salaries .. .. .. .. .. 197,326 4 0 By Commission and other income .. .. 300,041 14 7 Consolidated Fund : Payment in terms of section 5 of Finance Act, 1931 (No. 2), in respect of reduction in salaries effected by Finance Act, 1931 (No. 1) .. .. .. 23,120 16 0 Overtime .. .. .. .. 75 1 3 Service charges— £ s. d. Agents' commission .. 3,353 0 8 Services of High Commissioner 1,070 0 0 Services of General Post Office 828 3 0 5,251 3 8 Audit of books and accounts .. .. 850 0 0 Maintenance of premises and plant: Repairs, insurances, &c. .. .. .. .. 6,939 7 5 Rent .. .. .. .. .. 1,773 18 6 General charges— £ s. d. Advertising .. .. 650 7 1 Cleaning, lighting, heating, and power .. .. .. 5,159 3 9 Legal expenses .. .. 180 7 6 Rates .. .. .. 658 15 5 Miscellaneous payments .. 250 12 4 Postages and freight .. 3,896 19 5 Stamp duty on receipts and cheques .. .. 1,142 10 2 Telephone subscriptions .. 1,566 4 1 Printing, stationery, and requisites .. .. 4,576 14 8 Travelling-expenses .. 2,421 11 1 Salaries and expenses of Farm Inspectors .. .. 3,521 12 5 Salaries of custodians and staff 4,942 0 9 28,966 18 8 Amounts written off under section 43, Public Trust Office Amendment Act, 1913 .. 262 0 0 Losses on realization of mortgages and of mortgage securities acquired .. .. 14,141 5 5 Depreciation on office premises, furniture, plant, &c. .. .. .. .. 15,982 11 8 Contribution to subsidy to Public Service Superannuation Fund .. .. .. 3,589 9 7 Land-tax .. .. .. .. 445 1 4 Balance, being net profit for year, transferred to Appropriation Account .. .. 1,317 17 1 £300,041 14 7 . £300,041 14 7 Profit and Loss Appropriation Account for the Year ended 31st March, 1934. £ s. d. £ s. d. To Balance .. .. .. .. .. 15,567 12 11 By Income-tax refunded .. .. .. 2,801 17 6 Consolidated Fund: One-half profits for year Profit and Loss Account: Balance transferred 1,317 17 1 ended 31st March, 1933, payable in accord- Transfer from Assurance and Reserve Fund .. 13,630 5 2 ance with section 24 (1) of the Finance Act, 1929 .. .. .. .. .. 1.523 8 4 Balance .. .. .. .. .. 658 18 6 £17,749 19 9 £17,749 19 9 £ s. d. By Balance .. .. .. .. .. 658 18 6

110

B.—l [PT. IV].

PUBLIC TRUST OFFlCE—continued. Balance-sheet of the Public Trust Office as at 31st March, 1934. Liabilities. Assets. £ s. d. £ s. d. £ S. d. Amounts held in Common Freehold and leasehold premises and sites .. 430,937 3 3 Fund for sundry estates Furniture and plant, &c. .. .. 41,188 7 0 and funds .. .. 25,557,891 19 0 Stationery and stores, &c. .. .. .. 5,089 19 3 Amounts held for special Stocks, bonds, and debeninvestment on behalf of tures (book value) — £ s. d. certain funds, but not yet Government securities .. 2,923,685 0 0 invested .. .. 82,895 17 3 Less reserve for premAmounts specially invested iums received on conon behalf of 1 certain version, &c. .. 12,096 6 9 estates and funds .. 11,515,095 19 8 — 37,155,883 15 11 2,911,588 13 3 Sundry creditors, including Rural Intermediate Credit accounts passed for pay- Board debentures .. 64,850 0 0 ment, but not yet paid .. .. 148,397 7 1 Land Settlement Finance Reserve in respect of ex- Act debentures .. 4,000 0 0 enemy-property moneys 17,473 19 11 Local bodies' debentures. Special reserve for securities 46,045 15 6 £7,895,630 18s. 9d. ; General Legal Expenses less reserve for premAccount .. .. 11,647 12 4 iums received on eonInvestment Fluctuation version. £819 Bs. 7d. .. 7,894,811 10 2 Account .. .. 88,075 7 11 — 10,875,250 3 5 — 163,242 15 8 Mortgages, &c. (book value) 13,290,413 1 9 Assurance and Reserve Fund .. .. 413,715 16 1 Less reserve .. .. 59,408 19 10 Profit and Loss Appropriation Account .. 658 18 6 13,231,004 1 11 Advances for protection of securities acquired or in possession, &c. .. .. 46,045 15 6 Properties acquired (book value) .. .. 201,721 19 1 Less reserve .. .. 15,854 611 185,867 12 2 Advances (on overdraft) to estates and accounts (book value) .. 669,649 9 11 Less reserve .. .. 846 18 1 —— — 668,802 11 10 Interest and rent accrued, due, and overdue — Interest accrued up to 31st March, 1934, but not yet due, and interest overdue .. .. 814,494 13 9 Rent due or accrued .. 361 12 1 814,856 5 10 Less reserve .. 159,694 5 4 655,162 0 6 Sundry debtors .. .. .. .. 31,456 15 0 Cash in hand and on current account in New Zealand and London .. .. .. 161,615 12 0 Investments of reserve for mortgages : Mortgages, &c. .. .. .. .. 34,382 11 9 Special investments (book value) held on behalf of certain estates and funds — £ s. d. Government securities .. 2,865,663 6 11 Rural Intermediate Credit Board debentures .. 29,000 0 0 Rural Advances bonds .. 2,165,032 15 0 Local bodies'debentures 1,325,846 19 3 Private debentures and shares .. .. 20,789 0 4 Realty .. .. 600 0 0 Mortgages .. .. 4,922,943 10 11 Mortgage securities acquired .. .. 40,708 7 4 Loans .. .. 411 14 11 Savings-banks accounts .. 1,308 5 2 Overdue interest on special investments.. .. 142,791 19 10 11,515,095 19 8 £37,881,898 13 3 £37,881,898 13 3 W. M. Barr, Deputy of the Public Trustee. F. Menneer, 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 state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

111

B.—l [PT. IV].

GOVERNMENT RAILWAYS SUPERANNUATION FUND. Statements op Accounts in accordance with Section 123, Government Railways Act, 1926. Receipts and Payments Account for the Year ended 31st March, 1934. Receipts. Payments. Dr. £ s. d. Cr. £ s. d. To Balance in hands of Public Trustee on 31st By Retiring-allowances paid to members .. 425,317 1 0 March, 1933 .. .. .. .. 3,353 14 5 Allowances to widows and children .. 28,971 4 8 Contributions by staff .. .. .. 134,141 15 4 Contributions refunded to members who have Contributions by contingent contributors .. 1,712 12 5 left the service .. .. .. 24,012 19 6 Fines .. .. .. .. ~ 128 7 6 Contributions refunded to contingent members Receipts from Working Railways Account— who have left the service .. .. 1,120 14 1 Subsidy .. .. .. .. 170,000 0 0 Rebates of contributions .. .. .. 391 18 4 Increased allowances to widows and children 12,967 410 Payment to legal representatives of deceased Cost-of-living bonus to annuitants .. 764 10 8 beneficiaries under section 120 (c) of GovernPayment of subsidy from the New Zealand ment Railways Act, 1926 .. .. 529 1 4 Railway Officers' Institute on account of Contributions transferred to other funds .. 43 15 6 Richard Hampton .. .. .. 19 1 10 Travelling-expenses of Board members .. 77 1 0 Payment of subsidy from the New Zealand Public Trust charges (legal costs) .. .. 72 7 10 Railway Tradesmen's Association on account Public Trust commission .. .. .. 1,577 15 9 of Samuel Ingram .. .. .. 25 8 11 Rates and fees paid on account of mortgagors Interest— £ s. d. (recoverable) .. .. .. .. 317 18 0 Investments .. .. 60,080 15 7 Audit Office charges .. .. .. 50 0 0 Treasury Department .. 13,730 0 0 Insurance premiums (recoverable) .. .. 7 2 4 73,810 15 7 Salaries .. .. .. .. 1,069 2 0 Investments .. .. .. .. 93,263 0 7 Postages .. .. .. .. 149 4 4 Commission on collection of Government Printing and stationery .. .. .. 44 3 3 Life Insurance premiums .. .. 47 4 9 Payment to annuitants by way of cost-of-living bonus .. .. .. .. 764 17 10 Balance in hands of Public Trustee at 31st March, 1934 .. .. .. 5,717 10 1 £490,233 16 10 £490,233 16 10

112

B.—l [Pt. IV].

GOVERNMENT RAILWAYS SUPERANNUATION FUND— continued. Statement of Accounts, etc.— continued. Revenue Account for the Year ended 31st March, 1934.

15—B, 1 [PT. IV],

113

EXPENDITURE. J 1933-34. 1932-33. |j INCOME. 1933-34. 1932-33. £ s. d. £ s. d. ! I £ s. d. £ s, d. To Retiring-allowances to members .. .. .. 425,193 4 10 423,667 19 10 By Members'contributions .. .. .. .. 133,560 5 5 143,984 4 9 Allowances to widows and children .. .. .. 28,980 4 0 28,027 5 0 J Fines .. .. .. .. .. .. 127 12 6 124 15 0 Refund of total contributions .. .. .. .. 24,539 1 7 25,836 2 2 i Subsidies — Refund of contributions in excess of allowances drawn by 529 1 4 1,479 7 5 Working Railways .. .. .. .. 170,000 0 0 170,000 0 0 deceased beneficiaries Working Railways, on account of increased allowances 13,005 10 4 12,545 4 6 Refund of casual service contributions .. .. .. 19197 29 0 4 to widows and children Transfers to other funds .. .. .. .. 43 13 7 756 8 10 New Zealand Railway Officers' Institute, on account 19 1 10 17 14 2 Interest remitted .. .. .. .. .. .. 51 10 0 \ Richard Hampton Reserve for bad and doubtful debts .. .. .. 4,556 0 0 2,204 11 2 \ New Zealand Railway Tradesmen's Association, on 25 9 1 21 12 11 Administration charges — account Samuel Ingram Travelling-expenses of Board members .. .. 77 1 0 100 1 6 New Zealand Engine-drivers, Firemen, and Cleaners' 29 10 5 Public Trust Office commission .. .. .. 1,606 19 3 1,837 15 10 Association, on account T. H. Stephenson Public Trust charges (legal costs) .. .. .. 72 7 10 .. Interest — " £ s. d. Audit Office fee .. .. .. .. .. 50 00 50 0 0 Investments .. .. 61,490 1 4 Salaries .. .. .. .. .. .. 1,069 2 0 1,075 19 1 Treasury Department .. .. 13,730 0 0 Postages .. .. .. .. .. .. 149 4 4 185 15 9 75,220 1 4 82,297 1 11 Printing and stationery .. .. .. .. 44 33 22 6 6 Premium on inscribed stock converted .. .. 2,446 0 6 Commission on Government Life Insurance collections .. 47 4 9 47 10 5 Balance carried down, being excess of expenditure over 92,449 6 5 76,185 19 9 income for the year 486,930 2 7 485,224 3 5 486,930 2 7 485,224 3 5 To Balance brought down .. .. .. .. 92,449 6 5 76,185 19 9 By Accumulated funds brought forward on 1st April .. 1,333,245 8 1 1,454,173 8 4 Amounts previously written off now claimed : Refund of .. 13 19 5 Amounts unclaimed written off — contributions Refund of contributions .. .. .. .. .. 278 4 6 Rebates of contributions in respect of previous years .. 45,011 10 8 Retiring-allowances .. .. .. .. 28 19 11 5 5 1 (National Expenditure Adjustment Act, 1932) Widows' allowances .. .. .. .. 5 14 1 Balance, accumulated funds as at 31st March .. .. 1,240,830 15 8 1,333,245 8 1 1,333,280 2 1 1,454,456 17 11 1,333,280 2 1 1,454,456 17 11

B.—l [Pt. IV],

H. H. Sterling, H. Valentine, Chairman of the Government Railways Chief Accountant, New Zealand Railways. Superannuation Fund Board. 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.

GOVERNMENT RAILWAYS SUPERANNUATION FUND— continued. Statement of Accounts, etc.— continued. Balance-sheet as at 31st March, 1934.

114

LIABILITIES. 1933-34. 1932-33. ASSETS. 1933-34. 1932-33. £ s. d. £ s. d. Investment Account — £ s. d. £ s. d. £ s. d. Accumulated funds as per Revenue Account .. .. 1,240,830 15 8 1,333,245 8 1 Investments.. .. .. .. 1,233,784 3 9 Casual employees' contingent contributions .. .. 8,566 16 8 6,847 0 1 Cash in hand .. .. .. 5,999 3 1 Retiring and other allowances due (not paid) — 1,239,783 6 10 1,328,933 3 0 Members .. .. .. .. .. .. 506 19 5 699 5 9 Current Account — Widows and children .. .. .. .. .. 152 13 3 169 4 4 Cash in hand .. .. .. .. .. 5,717 10 1 3,353 14 5 Refunds of contributions authorized (not paid) .. .. 299 8 9 199 10 4 Contributions and fines in transit .. .. .. 10,353 1 8 10,527 10 1 Transfers to other funds authorized (not paid) .. .. 17 14 3 17 16 2 Contributions outstanding .. .. .. .. 588 19 10 640 19 7 Interest paid in advance .. .. .. .. 489 12 2 326 0 6 Contributions due by members in respect of casual service 2,597 12 10 3,398 0 2 Public Trust Office .. .. .. .. .. 4,068 4 9 1,471 17 4 Working Railways — Reserve for bad and doubtful debts .. .. .. 6,500 0 0 5,000 0 0 On account of cost-of-living bonus .. .. .. 63 14 4 63 7 2 Rebates of contributions (National Expenditure Adjustment 43,968 7 0 45,011 10 8 j On account of additional allowance to widows and children 1,016 14 8 978 9 2 Act, 1932) | Interest due, not paid .. .. .. .. 31,308 8 4 31,456 4 8 Contributions paid in advance .. .. .. .. .. 415 13 8 j Interest accrued but not due .. .. .. .. 13,657 7 10 13,885 19 6 Rates and fees paid .. .. .. .. .. 261 12 8 150 9 3 Insurance premium .. .. .. .. .. 22 6 9 15 4 5 Sundry debtors .. .. .. .. .. 29 16 1 0 5 6 1,305,400 11 11 1,393,403 6 11 1,305,400 11 11 1,393,403 6 11 J-T—: : - T —— —— " —

B.—l [PT. IV].

RANGITAIKI LAND DRAINAGE SCHEME. Rate Account fob the Year ended 31st Maech, 1934. Capital. Maintenance. Capital. Maintenance. Dr. Cr. £ s. d. £ s. d. To Interest on— £ s. d. £ s. d. By Balance .. .. .. 1,635 14 8 3,992 3 8 Capital cost .. .. 12,963 13 10 ' Rates levied .. .. 7,465 3 0 4,945 13 6 Less capitalized .. 5,963 13 10 Penalty .. .. . . 479 1 8 301 17 7 7,000 0 0 Cost of maintenance .. .. 4,938 8 6 Remissions .. .. 76 18 9 50 10 5 Balance .. .. .. 2,503 0 7 4,250 15 10 £9,579 19 4 £9,239 14 9 £9,579 19 4 £9,239 14 9 Revenue Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s. d. To Interest on Public Works Fund capital .. 22,009 16 5 By Accrued rent .. .. .. .. 146 15 3 Loss of plant .. .. .. .. 16 8 6 Hire of plant, &c. .. .. .. 35 11 11 Irrecoverable law-costs .. .. .. 1 14 0 Thirds .. .. .. .. .. 1 16 9 Capitalized interest under section 12, Finance Act, 1927 (No. 2) .. .. .. 5,963 13 10 Interest recoverable by rates .. . . 7,000 0 0 Balance, transferred to Drainage Works Account 8,880 1 2 £22,027 18 11 £22,027 18 11 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. Public Works Fund .. .. .. 489,107 3 11 Drainage works — £ s. d. £ s. d. Treasury Adjustment Account .. .. 200,387 8 4 Recoverable — Unpaid purchase-money for land taken .. 210 1 1 Capital expenditure .. 205,000 0 0 Sundry creditors— £ s. d. Capitalized interest: Section Departmental .. .. 427 14 5 12, Finance Act, 1927 (No. 2) 60,237 10 0 Miscellaneous .. .. 245 4 10 672 19 3 265,237 10 0 Rate Account— Not recoverable : Capital exCapital .. .. .. 2,503 0 7 penditure and capitalized inMaintenance.. .. .. 4,250 15 10 terest .. .. .. 401,125 7 9 6,753 16 5 666,362 17 9 Suspense Account .. .. . . 587 4 2 Plant and machinery .. .. .. 8,976 17 1 Writings-off in suspense .. .. 21 3 6 Buildings .. .. .. .. .. 951 3 7 Payments in advance — Loose tools .. .. .. .. .. 184 9 6 Rates, &c. .. .. .. 9 10 5 Sundry goods . . .. .. .. 467 9 5 Rent .. . . . . 4 10 0 Live-stock .. .. .. .. .. 100 14 0 5 Fuel .. .. .. .. .. 45 5 4 Sundry debtors — £ s. d. Rates .. .. . . 20,428 9 10 Law-costs .. .. 260 8 10 Rents . . .. .. 17 12 4 Miscellaneous .. .. 36 19 11 20,743 10 11 Losses in suspense .. .. .. .. 21 3 6 £697,753 17 1 £697,753 17 1 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. I hereby certify that the Rate 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, subject to the comment: that the accounts of the Chief Drainage Engineer, Auckland, the audit of which has not yet been completed by the local Audit Inspector, are in agreement with Head Office books. —G. F. C. Campbell, Controller and Auditor-General.

115

B.—l [PT. IV],

SAMOAN LOAN" SUSPENSE ACCOUNT. Income and Expenditure Account foe the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Interest on loan capital .. .. .. 3,737 5 4 By Interest on advances to Samoan Administration 5,804 17 10 Interest on advances from Treasury Investment Accounts .. .. .. .. 1,339 3 1 Excess of income over expenditure .. .. 728 9 5 £5,804 17 10 £5,804 17 10 Balance-sheet as at 31st March, 1931. Liabilities. £ s. d. Assets. £ s. d. Loan capital .. .. .. .. 105,000 0 0 Advances to Samoan Administration .. .. 136,045 0 0 Advances from Treasury investment accounts .. 31,045 0 0 Interest accrued on advances to Samoan AdminisInterest on loan capital— £ s. d. tration .. .. .. .. .. 2,867 311 Interest accrued .. .. 1,053 8 5 Interest due and unpaid .. 262 11 2 1,315 19 7 Interest on advances from Treasury investment accounts—lnterest accrued .. .. 654 5 8 Excess of income over expenditure for year ended 31st March, 1934 .. .. .. .. 728 9 5 Treasury Adjustment Account .. .. 168 9 3 £138,912 3 11 £138,912 3 11 B. C. Ashwin, for Accountant to the Treasury. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly eKamined 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. SAMOAN LOAN SINKING FUND ACCOUNT. (Established under section 33 of the Samoan Act, 1921.) Balance-sheet as at 31st March, 1934. Accumulated fund— £ s. d. £ s. d. £ s . d. Balance, Ist April, 1933 .. 252 3 I Cash in Public Account .. .. .. .. 118 14 7 Contribution by Samoan Treasury Interest due and unpaid on investments .. .. 197 16 2 for year ended 31st March, 1934 3,064 7 8 3,316 10 9 Less debentures redeemed .. .. 3,000 0 0 Balance of accumulated fund, 31st March, 1934 .. £316 10 9 £316 10 9 G. C. Rodda, F.1.A.N.Z., F.R.A.N.Z., Accountant to the Treasury. I hereby certify that the Balance-sheet has been duly examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby.—J. H. Fowler, Deputy Controller and Auditor-General.

116

B.—l [Pt. IV].

SCENIC RESERVES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. r ■To Cost of administering reserves— By Accrued rents .. .. 4 f 5 % 7 Eradication of noxious weeds and £ s. d. £ s . d. Accrued royalties . . .. ' " 330 18 S destruction of rabbits .. 62 8 8 Refund of expenses of administration' " 23 3 7 Trounson Kauri Forest .. 286 10 3 Opossum fees .. .. 10 0 'SiS ? ■■ " :: mi} — 579 18 6 Waitangi Trust Board— Grant for renovations and incidental charges .. 568 4 0 Clearing, grassing, and internal roading, Waitangi 132 19 7 Depreciation on buildings, &c„ Motuihi Island .. 95 8 9 Irrecoverable rents .. .. . 22 10 0 Rebates .. .. " 0 3 8 "Thirds" ;; 0 4 0 £1 ' 399 8 6 £1,399 8 6 T ° InlZe H! f d ° Wn h* '' ■'' *' 598 1&9 ®By Balance : Accumulated excess of expenditure £ "" d ' Balance brought forward from previous year .. 76,285 510 over income M „ , Interest on capital invested in scenic reserves .. 9,251 10 1 ou,ioj io / £86,135 15 7 mad 6 " aOCOUnt for interest on ca P ital for which «"> Department has no parliamentary Balance-sheet as at 31st March, 1934. Liabilities, A oa . a Capital Account— Land— Moneys provided out of Consohdated Fund- £ s . d Scenic reserves m \ n 5 Expenditure daring year 7 Domain and recreation reserves „ „ 509,'076 13 7 Motuihi Island Domain .. 12,780 0 5 at •! i £ t» i, 205,760 1 3 Less Depreciation Reserve on Moneys provided from Public Works Fund .. 11,491 16 9 buildings. &c. .. . 1 574 911 Moneys provided from private sources for ' ~ purchase of reserves i, 720 2 9 Sundry debtors- ' \ alue ot Crown land set aside as reserves .. 601,063 12 5 For rent .. .. .. .. . 321 3 3 Total capital 820,035 13 2 Miscellaneous I ! ! 212 0 Sundry creditors: Discharged Soldiers Settlement Departmental . " " slB fi R ir° Un :• 1 80 0 0 Postponed rent .. ,g $ Rents " " 118 " 1 lot | miffin S" timber faot y et sold ) •• •• 207 15 10 \7iT-r>'4-' • a '' '' Losses in suspense .. .. 9 10 n Treasury ' !! 83.415 '7 3 Income «*» Expenditure Account .. 86,135 15 7 £903,653 9 0 £903,653 9 0 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. ooTn,ir h ed rB iL Ce tī fy J l ?* d Ex P endit , ure Account and Balance-sheet have been duly examined and Sbv toTh l 1 + doC ™ ents sub mitted for audit, and correctly state the position as disclosed eby, subject to the above departmental note. The following comments are appended: (1) No part of the aoZT °* °° nvera ° n ? f , the + l oan liabilit 7 of the Public Works Fund, General Purposes Account, is reflected in this bv thMoeil Audit T° 17 1 a °r unts of land districts, the audits of which have not yet been completed and Aud't G Inspeetora, have been accepted from the Department's records.-J. H. Fowler, Deputy Controller

117

B.—l [PT. IV],

STAMP DUTIES DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Incoms. £ s* c |* To Interest on succession duty refunded .. 68 14 6By Stamp duty on interest .. .. ■■ 78,407 16 9 Allowance for performing higher duties .. 10 0 0 Adhesive stamps .. 69 >715 4 4 Postage and telephones .. .. .. 1,083 13 7 Duty on instruments .. .. 195,141 8 U Salaries and wages .. .. ■ ■ 19,412 11 6 Death duties .. .. •• •• 1.364,488 .1 8 Printing, stationery, and advertising .. 830 22 Gift duty .. •• ■■ 5»>700 8 b Cost of printing stamps .. .. .. 1,104 19 9 Pines and penalties .. .. •• It f Law-costs .. .. .. .. 927 15 9 Impressed stamps and bank cheques duty .. 174,b47 lb 3 Fuel, light, and cleaning .. .. .. 152 13 8 Company license duty .. .. •• U 8 Travelling and transfer expenses .. .. 33 4 2 Bank-note duty .. .. •• 282,504 13 9 Freight and cartage .. .. .. 95 8 4 Racing revenue .. .. .. 343 ,985 b 1 Office sunnlies .. .. .. •• 85 0 1 Amusements-tax .. .. •• 49,47b 1J 4 Valuation fees .. .. .. .. 131 18 8 Overseas passenger duty .. .. . . 11,612 18 8 Bent .. .. .. 2,655 7 1 Lottery duty .. .. ■■ •• 15,245 3 3 Totalizator-inspection .. .. .. 508 11 3 Sharebrokers'licenses .. . . 2,176 0 6 Befunds, totalizator duty .. .. 26,404 0 9 Mortgagees'indemnity fees . . ■■ 1,074 15 0 Refund, overseas passenger duty .. .. 14 12 8 Miscellaneous receipts Befund, amusements-tax (Southland Aero Becoveries on account of expenditure of Club) .. .. .. .. 55 12 6 previous years .. • • ■ • 1"4 J 8 Befund, racing revenue —• Wairoa Bacing Club .. .. . . 812 13 7 Auckland Benefit Meeting . . .. 774 19 7 Loss on equipment disposed of .. .. 143 7 1 Depreciation .. .. ■ • • • 988 3 2 Balance carried down .. .. .. 2,679,862 310 £2,736,155 13 8 £2,736,155 13 £ s. d. £ s - dTo Interest on capital .. .. ■■ 755 9 0 By Balance brought down .. .. •• 2,679,862 310 Excess of income over expenditure .. 2,679,106 14 10 £2,679,862 3 10 £2,679,862 3 10 Note. The following charges are. included for which the Department possesses no parliamentary appropriation : (a) Bental values as assessed by the Public Works Department; (6) interest on capital; (c) depreciation on assets ; (d) no charge for the cost of exchange on payments made in London is included in the account. Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. •• 16,679 4 7 Furniture.. .. •• 4,212 2 5 Creditors — Mechanical appliances .. .. ■ ■ , V Sundrv .. .. •• ■■ 607 9 1 Machinery .. •• •• •• 11,317 5 4 Departmental .. .. .. •• 1,542 4 9 Library .. .. ■ • ■■ •• 175 0 0 Befunds— Stamp paper on hand .. . . •• J Sundry .. .. •• 2,015 11 7 Assets in suspense .. .. • 1 Departmental .. .. .. •• 9,689 16 3 Debtors Reserve— Sundry.. .. •• 603,033 15 4 Depreciation .. .. •• •• 9,899 13 11 Departmental .. .. •• •• 4 72 19 0 Writing off .. .. 143 7 1 Deposit accounts .. »» » » Accrued penalties (racing revenue) .. .. 10,402 5 8 Cash in hands of receivers .. .. ■■ I. ° » Sundry depositors .. .. .. •• 89 0 9 Treasury Adjustment Account .. .. 2,108,457 17 Excess of income over expenditure for year ended 31st March, 1934 .. .. ..2,679,106 14 10 £2,730,175 8 6 £2,730,175 8 6 J. Murray, 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.

118

B.—l [PT. IV],

STATE ADVANCES OEFICE. ADVANCES TO SETTLERS BRANCH. Statement or Liabilities and Assets as at 31st March, 1934. Liabilities. £ s. d. Assets. Sundry loans .. .. .. .. 20,311,415 8 5 Investment Account: Principal owing by £ s. d. 1 emporary advances from— £ s. d. mortgagors .. .. .. .. 16,926,605 0 6 Local Authorities Branch 270,000 0 0 Advances on current account .. .. 2,110 9 5 Public Debt Sinking Funds Temporary investments .. .. .. 625 000 0 0 Branch .. .. 60,000 0 0 Temporary advances to— £ s. d. Advances Office Sinking Workers Branch .. 3,100,000 0 0 Account .. .. 1,009,000 0 0 Rural Advances Branch .. 746,000 0 0 Miscellaneous Business 3 qqq q q Branch .. ~ 327, 360 0 0 Sinking Fund Investments held by Advances 1,666,360 0 0 Office Sinking Fund Account .. .. 1,993,106 7 3 Amount held for investment oil behalf of the Interest on mortgages — £ s d Housing Insurance Fund.. .. .. 7,542 12 11 Overdue.. °.. .. 757,037 17 2 Advances Suspense Account .. .. 2,645 18 1 Accrued.. .. .. 209,571 15 8 Fire Loss Suspense Account .. .. 9,659 18 3 _ 966,609 12 10 Sundry creditors .. .. .. .. 2,716 16 9 Interest on temporary investments accrued ~ 1J.75 7 5 Weekly rental and instalment collections held 1 Office furniture and equipment .. .. 7,183 5 6 pending allocation .. .. .. 74,977 10 9 Motor-vehicles .. .. ~ .. 813 10 10 Interest on loans— £ s. d. Sundry debtors .. .. .. , . 10,065 17 5 Deferred .. .. 198,295 9 2 Securities Protection Suspense Account .. 0 8 Overdue .. .. 11,872 17 1 Lodgment Transit Account.. .. .. 9,298 4 2 Accrued but not due .. 157,148 5 1 Realization Suspense Account .. .. 132,135 12 1 367,316 11 4 Loan Charges Account .. .. .. 179,056 0 5 Reserve for bad debts .. .. .. 265,068 7 6 Cash in hand and in bank at 31st March, 1934 . . 19 298 2 9 Sinkingfund .. .. .. .. 1,993,106 7 3 Reserve Fund .. .. .. .. 25,000 0 0 £24,725,809 11 3 £24,725,809 II 3 Profit and Loss Account for the Year ended 31st March, 1934. Dr. £ s. d. Or. £ g . d. To Management Expenses Account .. .. 38,359 19 2 By Interest Account: Gross profits .. .. 127,765 19 3 Loss on realization of securities, and doubtful securities written down .. .. .. 66,303 17 10 Depreciation on— £ s. d. Furniture and equipment .. 378 1 4 Motor-vehicles .. .. 215 13 8 593 15 0 Income-tax .. .. .. .. 1,516 2 4 Loan-flotation charges written down .. 20,992 4 11 £127,765 19 3 £127,765 19 3 Interest Account for the Year ended 31st March, 1934. Dr ' £ s - d - £ S. d. | Or. £ s . d. £ S. d. To Interest on loans .. .. 839,927 711 ißy Interest on mortgages .. 738,508 14 2 Less accrued at 31st March, Interest on mortgages— 1933 •• •• 109,864 15 4 Overdue at 31st March, 670,062 12 7 1934 .. .. 757,037 17 2 Interest on loans accrued but not due .. 157,148 5 1 Accrued but not due at Interest on amounts temporarily transferred 31st March, 1934 . . 209 571 15 8 from other branches .. .. .. 64,052 0 0 ' ' 1 Balance—Gross profits transferred to Profit 1 705 H8 7 0 and Loss Account .. .. .. 127,765 19 3 Less overdue and accrued at 31st March, 1933 .. .. 845,727 17 4 859.390 9 8 Interest 011 temporary investments .. .. 32,468 15 0 Less accrued at 31st March, 1933 . . 9,021 11 0 23,447 4 0 Interest 011 outstanding payments.. ..• 41 9 6 Interest on bank balances .. .. 998 4 2 Interest on temporary advances to other branches .. .. .. .. 133,976 22 Interest on temporary investments (accrued) 1,175 7 5 £1,019,028 16 11 I £1,019,028 16 11

119

B.—l [PT. IV],

STATE ADVANCES OFFICE —continued. ADVANCES TO SETTLERS BRANCH—continued. Management Expenses Account foe the Year ended 31st March, 1934. Dr. £ s. d. Or. £ s. d. To Advertising, newspapers, &c. .. .. 22 13 8 By Consent fees .. .. •. . • 43 6 0 Audit Office services .. .. .. 355 0 0 Cost of preparation of mortgages .. .. 55 18 10 Cartage .. .. .. .. .. 27 11 2 Production fees .. .. .. •• 369 0 5 Cleaning, lighting, heating, and messenger ser- Release fees .. .. .. •. 247 11 0 vices .. .. .. .. 331 8 5 Balance transferred to Profit and Loss Account 38,359 19 2 Commission .. .. .. .. 974 16 5 Contingencies .. .. .. .. 9176 Employers' liability insurance .. .. 26 3 6 Fidelity guarantee bonds .. .. .. 64 3 5 Management charges on New Zealand stock and bonds .. .. .. .. 2,531 16 4 Meal allowances and overtime .. .. 85 3 0 Motor maintenance .. .. .. 443 19 10 Office maintenance .. .. .. 313 11 8 Postages and telegrams .. .. .. 806 22 Post Office services .. .. .. 1,470 4 6 Printing and stationery .. .. .. 520 8 5 Public Service Superannuation Fund contribution .. .. .. .. .. 255 3 7 Rent .. .. .. .. .. 1,934 7 8 Salaries .. .. .. .. .. 21,784 6 4 Solicitors'costs and Court costs .. .. 1,806 13 5 Telephones .. .. .. .. 216 17 9 Travelling-expenses .. .. .. 162 10 8 Typewriters and adding-machines (repairs) .. 122 5 1 Valuation Department : Agency work .. 4,810 10 11 £39,075 15 5 £39,075 15 5 E. 0. Hales, Superintendent. 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, except that the amount of exchange paid in respect of the interest which has been paid in London on the loans of this account has not been charged to the account, but has been borne by the Consolidated Fund.—J. H. Fowler, Deputy Controller and Auditor-General.

120

121

B.—l [PT. IV].

STATE ADVANCES OFFlCE—continued. RURAL ADVANCES BRANCH. Statement of Liabilities and Assets as at 31st Mabch, 1934. t, , . , Liabilities. £ s. d. Assets. £ ■ H Bonds issued ..4,213,050 0 0 I Investment Account: Principal owing by mortTemporary advances from Settlers Branch .. 746,000 0 0 gagors .. .. .. ' .. 4 513 607 111 Advances Suspense Account .. .. 287 0 0 | Interest on mortgages— £ s d ' iire Loss Suspense Account .. .. 2,695 0 0 Overdue .. 289 346 211 Suspense Account 2,135 7 6 Accrued .. .. 56'737 411 Sundry creditors .. .. .. .. 110 11 3 346 083 7 10 Weekly rental and instalment collections held Sundry debtors .. .. 2' 921 9 8 pending allocation .. .. .. 17,194 2 8 Securities Protection Suspense Account .. 347 15 10 Interest on loans accrued but not due .. 7,471 411 Realization Suspense Account .. .. 8 101 9 o Reserve for bad debts .. .. .. 50,823 710 Loan Charges Account .. .. .. 164*646 15 11 Cash in hand and in bank at 31st March, 1934 4,058 13 10 £5,039,766 14 2 , £5,039,766 14 2 Profit and Loss Account fob the Year ended 31st March, 1934. Dt . £ s d Gt j0 j To Management Expenses Account .. .. 9,210 9 0 By Interest Account: Gross profits * 29 796 6 3 Loss on realization of securities and doubtful securities written down .. .. 7,920 14 7 Loan-flotation charges written down .. 12,665 2 8 £29,796 6 3 £29,796 6 3 Interest Account for the Year ended 31st March, 1934. J~ >r - £ s. d. £ s, d. Gr. £ s. d. £ ad To Interest on bonds .. 172,847 5 6 By Interest on mortgages .. 176,348 18 3 Less accrued at 31st Interest on mortgages— March, 1933 .. 9,233 10 2 Overdue at 31st March, T . , , , . 163,613 15 4 1934 .. .. 289,346 211 Interest on bonds accrued but not due .. 7,471 4 11 Accrued but not due at Interest on amounts temporarily transferred 31st March, 1934 .. 56 737 411 from Settlers Branch .. .. .. 32,143 11 9 ' ' Balance : Gross profits transferred to Profit 522 432 6 1 and Loss Account .. .. .. 29,796 6 3 Less overdue and accrued at 31st March, 1933 .. .. 289,431 9 0 — 233,000 17 1 Interest on temporary investments .. 3 15 0 Interest on bank balances .. .. 16 11 6 Interest on outstanding payments.. .. 3 14 8 £233,024 18 3 £233,024 18 3 Management Expenses Account for the Year ended 31st March, 1934. Dr. £ g# (j * , To Audit Office services .. .. .. 145 0 0 By Consent'fees .. . . .. .. 1110 Cleaning, lighting, heating, and messenger Production fees.. .. .. .. 37 10 0 services .. . . . . . . 120 0 0 Release fees .. .. .. .. 4 13 Contingencies .. .. .. .. 110 8 Balance transferred to Profit and Loss Account 9,210 9 0 Postages and telegrams . . . . .. 159 17 4 Post Office services .. .. .. 185 0 0 Printing and stationery .. .. .. 120 0 0 Public Service Superannuation Fund contribution .. .. . . .. 65 0 0 Rent .. .. .. . . .. 180 0 0 Salaries .. .. .. .. 5,972 0 0 Solicitors' costs and Court costs . . .. 838 6 3 Travelling-expenses .. . . .. 16 17 0 Valuation Department: Agency work .. 1,450 0 0 £9,253 II 3 £9,253 11 3 E. 0. Hales, Superintendent. R. Robertson, Accountant. Ī hereby certify that the Balance-sheet and the accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby, except that the amount of exchange paid in respect of the interest which has been paid in London on the loans of this account has not been charged to the account, but has been borne by the Consolidated Fund.—J. H. Fowler Deputy Controller and Auditor-General. '

16— B. 1 [PT. IV].

B. —1 [Pr. IV],

STATE ADVANCES OFFlCE—continued. ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 12,145,734 10 4 Investment Account: Principal owing by Temporary advances from Settlers Branch .. 3,100,000 0 0 mortgagors .. .. .. .. 14,504,448 11 II Liability to Railway Department (railway Sinking Fund investments held by Advances housing) .. .. .. .. 9,195 0 0 Office Sinking Fund Account .. .. 90,054 15 1 Advances Suspense Account .. .. 10 0 0 Interest on mortgages— £ s. d. Fire Loss Suspense Account .. .. 1,438 19 3 Overdue .. .. 684,239 10 0 Sundry creditors .. .. .. .. 61 2 9 Accrued .. .. 178,592 17 10 Weekly rental and instalment collections held 862,832 7 10 pending allocation .. .. .. 110,853 14 7 Unregistered Transfers Account (Railway emInterest on loans — £ s. d. ployees) .. .. .. .. 9,195 0 0 Deferred .. .. 36,931 16 3 Motor-vehicles .. .. .. .. 1,875 12 4 Accrued but not due .. 101,427 19 7 Sundry debtors .. .. .. .. 1,213 2 9 Overdue .. .. 3,808 18 3 Securities Protection Suspense Account .. 34,457 3 5 Overdue on liability to Realization Suspense Account .. .. 5,831 19 8 Railway Department .. 2,128 9 0 Loan Charges Account .. .. .. 187,640 4 6 144,297 3 1 Cash in hand and in bank at 31st March, 1934.. 9,323 7 5 Reserve for bad debts .. .. .. 105,226 19 10 Sinking fund .. .. .. .. 90,054 15 1 £15,706,872 4 11 £15,706,872 4 11 Profit and Loss Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 16,131 17 7 By Interest Account—Gross profits.. .. 106,840 15 11 Loss on realization of securities and doubtful securities written down .. .. 47,311 0 8 Depreciation on motor-vehicles .. .. 523 0 8 Loan-flotation charges written down .. 20,888 11 10 Income-tax .. .. .. .. 1,916 11 1 Balance : Net profits for the year .. .. 20,069 14 1 £106,840 15 11 £106,840 15 11 £ s. d. £ a. d. To Balance as at 31st March, 1933 .. .. 20,069 14 1 By Net profits .. .. .. .. 20,069 14 1 £20,069 14 1 £20,069 14 1 Interest Account for the Year ended 31st March, 1934. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans.. .. 524,608 12 1 By Interest on mortgages .. 591,353 13 3 Less accrued at 31st March, Interest on mortgages — 1933 .. .. 105,352 16 3 Overdue at 31st March, 419,255 15 10 1934 .. .. 684,239 10 0 Interest on amounts temporarily transferred Accrued but not due at from Settlers Branch .. ... .. 101,832 10 5 31st March, 1934 .. 178,592 17 10 Interest on railway expenditure (erection of 1 dwellings) .. .. .. .. 495 9 8 1,454,186 1 1 Interest on loans accrued but not due .. 101,427 19 7 Less interest overdue Balance: Gross profits transferred to Profit and accrued at and Loss Account .. .. .. 106,840 15 11 31st March, 1933 724,503 17 4 729,682 3 9 Interest on bank balances .. .. 25 15 11 Interest on outstanding payments .. 144 11 9 £729,852 11 5 £729,852 11 5 Management Expenses Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s. d. To Audit services .. .. .. .. 225 0 0 By Cost of preparation of mortgages .. .. 18 6 6 Cleaning, lighting, heating, and messenger Production fees.. .. .. .. 137 0 0 services .. .. .. •. 199 14 4 Release fees .. .. .. • • 130 3 4 Commission .. .. .. .. 1,492 9 1 Search and registration fees .. .. 84 6 4 Fidelity guarantee bonds .. .. .. 80 0 0 Sundry fees .. .. .. 22 7 Management charges on New Zealand stock and Balance transferred to Profit and Loss bonds.. .. .. .. .. 1,235 3 8 Account .. .. .. .. 16,131 17 7 Motor-vehicles maintenance .. .. 800 0 0 Post Office services . . .. .. 450 0 0 Postages and telegrams .. .. .. 330 011 Printing and stationery .. .. .. 250 0 0 Public Service Superannuation Fund contribution .. .. .. .. .. 115 0 0 Rent . . . . .. .. .. 600 0 0 Salaries .. .. .. .. .. 10,310 0 0 Solicitors' costs and Court costs . . .. 217 5 9 Travelling-expenses .. . . . . 49 2 7 Valuation Department: Agency work .. 150 0 0 £16,503 16 4 £16,503 16 4 E. 0. Hales, Superintendent. R. Robertson, Accountant. I hereby certify that the Balance-sheet ancl accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby, except that the amount of exchange paid in respect of the interest which has been paid in London on the loans of this account has not been charged to the account, but has been borne by the Consolidated Fund.—J. H. Fowler, Deputy Controller and Auditor-General.

122

B.—l [PT. IV],

STATE ADVANCES OFFlCE—continued. LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st Mabch, 1934. o j Liabilities. £ S- (J. Assets Sundry loans .. .. 2,778,690 15 7 Investment Account- £ 8 d £ s d 3,987 12 10 T*T 230.285 , 0 «M» ♦♦ h a hfflt C a « T T Smy (Ha^ e ' S Bay re " Temporary advances to Settlers Branch.. .. 270 000 0 0 :: 2 ltl Sin o k Zsl\ nd T st ,T ts Y d by Advances , Interest on loans accrued but not due .. 11,580 15 7 Interest on dSLtures- C ° Un i:' s d 2 ' 1?1 5 1 Sinking fund 19 2, 17 1 5 1 Overdue .. .. 9?217 19 6 Accrued .. .. 19,909 13 2 Q J , T 29,127 12 8 Sundry debtors .. .. .. . , 172 n i Loan Charges Account .. .. .. 25.263 2 10 Profit and Loss Account .. .. .. 127,242 12 8 Cash in hand and in bank at 31st March, 1934 .. 3' 948 8 9 £3,222,739 13 0 £3,222,739 13 0 Profit and Loss Account foe, the Year ended 31st March, 1934. Dr. £ g d i (j r To Management Expenses Account .. .. 1,820 010 By Balance-Loss for the year .. . 3 570 9 H Loan-flotation charges written down .. .. 1,081 4 10 ' Income-tax . . .. .. _ '586 4 5 Balance : Interest Account . . .. .. 82 19 10 £3,570 9 11 £3,570 9 11 To Balance as at 31st March, 1933 .. .. 123fô72 21) By Balance .. 127*242 12 8 Loss for the year .. .. .. 3,570 9 11 ...... 5 £127,242 12 8 £127,242 12 8 Interest Account for the Year ended 31st March, 1934. r ' £ s. d. £ s. d Gr £ « H f A To Interest on loans 129,329 19 9 By Interests debentures .. 96,943 15 9 Less accrued at 31st March, . Less overdue and accrued at 1 11 31st March, 1933 .. 30,516 12 7 92,986 17 10 497 o 9 Interest on loans accrued but not due .. 11,580 15 7 Interest on bank balances 15 10 7 Interest on temporary advances to Settlers Branch .. .. .. .. 5,914 7 2 Interest on debentures— £ s. d. Overdue at 31st March, 1934 9,217 19 6 Accrued but not due at 31st March, 1934 .. .. 19,909 13 2 29,127 12 8 Balance transferred to Profit and Loss Account 82 19 10 £104,567 13 5 £104,567 13 5 —' ! Management Expenses Account for the Year ended 31st March, 1934. Dr • £ s. d Gr „ , T ° Cleanii^^l^hting) 6 heating, and messenger ser- 50 ° ° Ba.ance'transferred to Profit and Loss Account.. 1,820 010 vlces • • • • • • •. .. 30 0 0 Management charges : New Zealand stock and T , bond s 299 0 10 Postages and telegrams .. .. .. 40 0 0 Post Office services.. .. .. .. 60 0 0 Printing and stationery .. .. .. 75 0 0 Public Service Superannuation Fund contribution •• •• .. .. 50 0 0 Rent • • • • • • .. .. 80 0 0 Salaries .. .. .. .. .. 1,136 0 0 £1,820 0 10 £1,820 0 10 E. 0. Hales, Superintendent. R. Robertson, Accountant. cert ify 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, except that the amount of exchange paid m respect of the interest which has been paid in London on the loans of this account has not been charged to the account, but has been borne by the Consolidated Fund.—J. H. Fowler Deputy Controller and Auditor-General. y

123

B.—l [PT. IV],

STATE ADVANCES OFFlCE—continued. PUBLIC DEBT SINKING FUNDS BRANCH. Statement op Liabilities and Assets as at 31st March, 1934. Liabilities. Assets. Sinking Fund created under the provisions of £ s. d. Investment Account: Prinei- £ s. d. £ s. d. the Public Debt Extinction Act, 1910 .. 3,258,955 19 4 pa] owing on loans to — Weekly rental and instalment collections held Settlers .. .. 1,067,872 19 5 pending allocation .. .. .. 4,248 12 7 Workers .. .. 56,701 13 2 Suspense Account .. .. .. 1,355 0 2 Local bodies .. ..1,873,382 2 9 Sundry creditors .. .. .. .. 11 14 2 2,997,956 15 4 Interest due to Consolidated Fund in accord- Temporary investments .. .. . . 250,000 0 0 ance with section 12 (a), Repayment of Temporary advances to Settlers Branch .. 60,000 0 0 Public Debt Act, 1925— £ s. d. Sundry debtors .. . . . . . . 258 210 In hand at 31st March, 1934 48,496 2 8 Interest overdue on loans to — £ s. d. Overdue .. .. 44,180 12 0 Settlers .. .. 33,361 17 9 Accrued .. .. 31,836 4 4 Workers .. .. 981 12 3 124,512 19 0 Local bodies .. .. 9,837 2 0 • 44,180 12 0 Interest accrued on loans to— Settlers .. .. 13,276 16 6 Workers .. .. 700 18 0 Local bodies .. .. 17,858 910 31,836 4 4 Realization Suspense Account .. .. 93 13 6 Cash in hand and in bank at 31st March, 1934 .. 4,758 17 3 £3,389,084 5 3 £3,389,084 5 3 Interest Account for the Year ended 31st March, 1934. Dr. I Cr. To Interest on investments. due to Consolidated £ s. d. IBy Interest on loans to— £ s. d. £ s. d. Fund in accordance with section 12 (a), ! Settlers .. .. 46,730 0 1 Repayment of the Public Debt Act, 1925 — Workers .. .. 2,720 16 7 Paid to Treasury .. .. .. 91,846 1 7 Local bodies .. .. 81,667 11 7 In hand at 31st March, 1934 .. .. 48,496 2 8 ! Overdue at 31st March, 1934 .. .. 44,180 12 0 131,118 8 3 Accrued at 31st March, 1934 .. .. 31,836 4 4 I Less overdue and accrued ! at 31st March, 1933 71,312 2 0 216,359 0 7 59,806 6 3 Less overdue and accrued at 31st March, ; Interest on bank balances .. .. .. 69 15 0 1933 .. .. .. .. 71,312 2 0 ! Interest on temporary advances to Settlers Branch .. .. .. .. 5,623 6 8 Interest on temporary investments .. .. 3,530 9 5 Interest on outstanding payments .. .. 0 4 11 Interest overdue at 31st March, 1934, on loans to— £ s. d. Settlers .. .. 33,361 17 9 Workers .. .. 981 12 3 Local bodies .. .. 9,837 2 0 44,180 12 0 Interest accrued at 31st March, 1934, on loans to — Settlers 13,276 16 6 Workers . . .. 700 18 0 Local bodies .. .. 17,858 910 31,836 4 4 £145,046 18 7 £145,046 18 7 E. 0. Hales, Superintendent. R. Kobertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.— J. H. Fowler, Deputy Controller and Auditor-General.

124

B.—l [Pt. IV],

STATE ADVANCES OFFlCE—continued. ADVANCES OFFICE SINKING FUND ACCOUNT. Statement op Liabilities and Assets as at 31st March, 1934. Liabilities. Assets Principal received as at 31st March, 1933, with Investment Account—Prineiaccumulated interest from— £ s . d. pal owing on loans to— £ s d £ s d Settlers Branch .. .. .. 2,396,311 10 1 Settlers .. 824 767 6 5 Workers Branch .. .. .. 294,434 0 9 Workers .. 45'355 15 10 Local Authorities Branch .. . . 424,062 8 3 Local bodies . . .. 360',313 7 7 —— . 1,230,436 9 10 t . , , ~ >>>114,807 19 1 Temporary advances to Settlers Branch .. 1,009,000 0 0 Interest earned for the year ended 31st March, Sundry debtors .. . . .. 049 ojl or, , £ s. d. Interest overdue on loans to—• £ s. d Settlers Branch .. . . 82,159 19 1 Settlers . 20 582 611 Workers Branch .. .. 3,712 2 3 Workers 1'199 11 5 Local Authorities Branch .. 7,921 10 6 Local bodies . . " 2'946 13 5 93,793 11 10 24,721 11 9 Interest accrued on loans to— 3,208,601 10 11 Settlers . . .. 9 411 7 5 Less redemption of loctns— 509 2 6 Settlers Branch ..485,365 111 Local bodies !! " 2,853 18 11 Workers Branch .. 208,091 7 11 12 7?4 8 1() Local Authorities Branch 239,812 13 8 Cash in hand and in bank at 31st March, 1934 1'452 0 2 933,269 3 6 Total funds as at 31st March, 1934 .. .. 2,275,332 7 5 Weekly rental and instalment collections held pending allocation . . .. .. 2,941 4 1 Advances Suspense .. .. .. 110 0 0 Fire Loss Suspense . . .. .. 650 0 0 £2,279,033 11 6 £2,279,033 11 6 Interest Account for the Year ended 31st March, 1934. rr r Dr ' < Gr - To Interest on investments, transferred to Sinking £ s. d. By Interest on loans to— £ s d £ s d Fund Account 93,793 11 10 Settlers 36,725 9 9 Workers.. .. .. 14 7 Looal bodies .. .. 15,385 14 3 54,107 18 7 Less overdue and accrued at 31st March, 1933 .. 34,097 15 0 20,010 3 7 Interest on bank balances .. .. .. 13 18 0 Interest on temporary advances to Settlers Branch .. .. .. .. 36,273 6 8 Interest on outstanding payments .. .. 0 3 0 Interest overdue at 31st March, 1934, on loans to— £ s. d. Settlers .. .. .. 20,582 6 11 Workers.. .. .. 1,192 11 5 Local bodies .. .. 2,946 13 5 24,721 11 9 Interest accrued at 31st March, 1934. on loans to— Settlers .. .. .. 9,411 7 5 Workers .. . . .. 509 2 6 Local bodies .. .. 2,853 18 11 12,774 8 10 £93,793 11 10 £93,793 11 10 E. O. Hales, Superintendent. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared w] th the books and documents submitted for audit, and correctly state the position as disclosed thereby.— J. H. Fowler, Deputy Controller and Auditor-General.

125

B.—l [PT. IV].

STATE ADVANCES OFFICE —continued. MISCELLANEOUS BUSINESS BRANCH.—HOUSING ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1934. Liabilities. Assets. Sundry loans— £ s. d. £ s. d. Investment Account : Principal £ s. d. £ s. d. Debentures .. .. .. 412,388 9 4 owing on— Expenditure from Public Works Dwellings purchased .. 267,691 4 7 Fund .. .. .. 319,918 1 7 Sections purchased .. 2,118 7 9 Advances .. .. 164 14 3 732,306 10 11 269,974 6 7 Less loan liability redeemed Temporary advances to Settlers Branch .. 321,000 0 0 and discharged from Con- Completed dwellings .. .. .. •• 9,645 15 0 solidated Fund .. .. 19,468 9 4 Dwellings let .. .. .. .. 20,576 15 II Freehold land .. .. .. .. 26,012 18 8 712,838 1 7 Sinking Fund investments held by Public Debt Less loan liability redeemed Redemption Fund .. .. .. .. *4,709 8 8 by Public Debt Repay- Insurance Fund investment held by Settlers Branch 7,542 12 11 ment Account .. .. 100 0 0 Sundry debtors .. .. .. .. 934 4 1 712,738 1 7 Interest on dwellings and land — £ s. d. Liability to Consolidated Fund in terms of sec- Overdue .. .. .. 7,858 19 0 tion 22, Finance Act, 1926 .. .. .. 100 0 0 Accrued . . . . .. 58 3 11 Sundry creditors .. .. .. .. 78 2 7 7,917 2 11 Suspense Aocount .. .. .. .. 182 0 0 Rent overdue .. .. .. .. 1,700 19 7 Insurance Fund . . .. .. .. 8,667 0 4 Insurance premiums— Interest on loans — £ s. d. Overdue . . . . . 520 16 1 Overdue .. .. .. 17,332 910 Paid in advance .. .. 248 0 0 Accrued .. .. .. 5,063 4 10 768 16 1 22,395 14 8 Realization Suspense Account .. .. .. 8,694 4 6 Reserve for bad debts .. .. .. 19,880 18 11 Profit and Loss Account .. .. .. 77,777 11 4 Sinking fund .. .. .. .. 1,354 810 Cash in hand and in bank at 31st March, 1934 .. 8,141 10 8 £765,396 6 11 £765,396 6 11 * This amount includes the sum ol £3,354 19s. lOd. 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, 1934. Dr. £ s. d. Gr. £ s. d. To Management Expenses Account .. .. 1,662 18 0 By Balance, loss for the year .. .. .. 9,374 15 8 Dwellings maintenance . . . . . . 1,566 4 5 Losses on realization of securities, and doubtful securities written down .. .. .. 4,270 0 0 Balance: Interest Account.. .. .. 1,875 13 3 £9,374 15 8 £9,374 15 8 £ s. d. £ s. d. To Balance as at 31st March, 1933 .. .. 68,402 15 8 By Balancc .. . . .. .. •• 77,777 11 4 Loss for the year .. .. .. .. 9,374 15 8 £77,777 11 4 £77,777 11 4 Interest Account foe the Year ended 31st March, 1934. Dr. £ s. d. Gr. £ s. d. £ s. di To Interest on loans .. .. .. .. 21,467 9 7 By Interest on land and dwellings .. 10,680 7 2 Interest on loans accrued but not due .. 5,063 4 10 Less overdue and accrued at 31st March, 1933 .. .. 6,627 1 7 4,053 5 7 Interest on amounts temporarily transferred to Settlers Branch .. .. .. .. 12,666 6 8 Interest on bank balances .. .. .. 18 6 0 Interest on dwellings and land— £ s. d. Overdue at 31st March, 1934 7,858 19 0 Accrued but not due at 31st March, 1934 .. .. 58 3 11 7,917 2 11 Balance transferred to Profit and Loss Account.. 1,875 13 3 £26,530 14 5 £26,530 14 5 Management Expenses Account for the Year ended 31st March, 1934. Dr. £ s. d. Gr. £ s. d. To Audit Office services .. .. .. 90 0 0 By Balance transferred to Profit and Loss Account.. 1,662 18 0 Cleaning, lighting, heating, and messenger services 25 0 0 Fees paid for special services in respect of securities .. .. .. .. 70 I 3 Postages and telegrams .. .. .. 40 0 0 Post Office services.. .. .. .. 60 0 0 Printing and stationery .. .. ... 50 0 0 Public Service Superannuation Fund contribution 40 0 0 Rates .. .. .. .. .. 0 10 2 Rent .. .. .. .. .. 50 0 0 - Salaries .. .. .. .. .. 1,152 0 0 Solicitors' costs .. .. .. .. 35 6 7 Valuation Department: Agency work .. 50 0 0 £1,66218 0 £1,662 18 0 E. 0. Hales, Superintendent. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. — J. H. Fowler, Deputy Controller and Auditor-General.

126

B.—l [PT. IV].

STATE ADVANCES OFFlCE—continued. LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT. Statement op Liabilities and Assets as at 31st March, 1934. Liabilities. £ s . d. j Assets. £ s . d. Sundry loans .. .. .. .. .. 2,575 0 0 Investment Account: Principal owing by mortlnterest on loans £g. cL gagors .. . .. .. 896 12 8 Overdue .. .. .. 12 911 Temporary advances to Settlers Branch .. .. '420 0 0 Accrued .. .. .. .. 33 11 8 Sinking fund investments held by Public Debt Reel- , • , , 46 1 7 demption Fund .. .. .. .. 47 6 3 hmlong fund .. .. .. .. , . 47 6 3 Interest on mortgages overdue .. .. .. 370 10 0 Profit and Loss Account .. .. .. 70 19 11 Cash in hand and in bank at 31st March, 1934 .. 418 10 £2,739 7 9 £2,739 7 9 Profit and Loss Account foe the Year ended 31st Maech, 1934. r ' £ s. d. Cr £ s d To Administration expenses . . .. . . 10 0 0 By Interest Account: Gross profits .. 20 3 3 Income-tax .. .. .. .. ..116 4 Balance: Net profits for the year .. .. 8 611 £2 ° 3 3 £20 3 3 £ s. d. £ s d To Balance : Net profits, carried forward .. .. 70 19 11 By Balance as at 31st March, 1933 . . 62 13 <j Net profits for the year .. . . .. 8 6 11 £7Q 19 11 £70 19 11 Interest Account for the Year ended 31st March, 1934. r ' £ s. d. £ s. d. Cr. £ s. d. £ s d To Interest on loans • • •• ..8165 By Interest on mortgages .. .. 64 2 6 Less accrued at 31st March, 1933 .. 25 2 4 Interest on mortgages overdue at 31st T . . , t , j. j 56 4 1 March, 1934 .. .. .. 370 10 0 Interest on loans accrued but not due .. 33 11 8 " Balance—Gross profits transferred to Profit and 434 g Loss Account .. .. .. .. 20 3 3 Less overdue at 31st March, 1933 .. 337 9 6 97 3 0 Interest on temporary advances to Settlers Branch 12 16 0 £109 19 0 £ 10 9 19 0 Management Expenses Account fob the Year ended 31st March, 1934. ,^ r - £ s. d. Cr. £ s d To Administration expenses 10 0 0 By Balance transferred to Profit and Loss Account .. 10 0 0 £1 ° 0 0 £10 0 0 E. 0. Hales, Superintendent. R. Robertson, Accountant. • * ere ? y certif 7 tllat the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.— J. H. Fowler, Deputy Controller and Auditor-General.

127

B.—l [PT. IV].

STATE ADVANCES OFFlCE—continued. FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1934. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. ..43,85814 3 Investment Account: Principal owing by mortLess loan liability redeemed and gagors .. .. .. .. .. 29,131 5 5 discharged from Consolidated Properties acquired .. .. .. .. 4,2.12 8 6 Fund .. .. .. 6,008 14 3 Temporary advances to Settlers Branch .. 1,490 0 0 Sinking Fund investments held by Public Debt 37,850 0 0 Redemption Fund .. .. .. .. *863 17 8 Less loan liability redeemed by Interest on mortgages — £ s. d. Public Debt Repayment Ac- Overdue .. .. .. 2,738 10 8 count .. .. .. 5,000 0 0 Accrued .. .. .. 219 19 9 32,850 0 0 2,958 10 5 Liability to Consolidated Fund in terms of section 22, Profit and Loss Account .. .. .. 3,809 6 8 Finance Act, 1926 .. .. .. .. 5,000 0 0 Cash in hand and in bank at 31st March, 1934 .. 21 3 0 Weekly rental and instalment collections held pending allocation .. .. .. .. 100 0 0 Suspense Account .. .. .. .. 17 111 Interest on loans accrued .. . . .. 428 8 1 Reserve for bad debts .. .. .. .. 3,839 11 8 Sinking fund .. .. . . .. .. 251 0 10 £42,486 11 8 £42,486 11 8 * This amount includes the sum of £612 16s. 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, 1934. Dr. £ s. d. Gr. £ s. d. To Management Expenses Account .. .. 100 0 0 By Interest Account: Gross profits .. .. 332 8 4 Expenses on realization of assets .. .. 32 4 0 Balance : Net profits for the year .. .. 200 4 4 £332 8 4 £332 8 4 £ s. d. £ s. d. To Balance as at 31st March, 1933 .. .. 4,009 11 0 By Net profits for the year .. .. .. 200 4 4 Balance .. .. .. .. .. 3,809 6 8 £4,009 11 0 £4,009 11 0 Interest Account for the Year ended 31st March, 1934. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest 011 loans .. .. 1,450 4 1 By Interest on mortgages .. .. 1,076 3 5 Less accrued at 31st March, 1933 734 911 Interest on mortgages— 715 14 2 Overdue at 31st March, 1934 ..2,738 10 8 Interest on loans accrued but not due .. .. 428 8 1 Accrued at 31st March, 1934 .. 219 19 9 Balance : Gross profits transferred to Profit and Loss Account .. .. .. .. 332 8 4 4,034 13 10 Less interest overdue and accrued at 31st March, 1933 .. 2,649 1 11 1,385 11 11 Interest on temporary advances to Settlers Branch 90 18 8 £1,476 10 7 £1,476 10 7 Management Expenses Account for the Year ended 31st March, 1934. Dr. £ s. d. Gr. £ s. d. To Administration expenses .. .. .. 95 0 0 By Balance transferred to Profit and Loss Account .. 100 0 0 Audit Office services .. .. .. .. 500 £100 0 0 j £100 0 0 E. 0. Hales, Superintendent. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. — J. H. Fowler, Deputy Controller and Auditor-General.

128

B.—l [Pt. IV].

STATE ADVANCES OFFlCE—continued. COLD-STORAGE ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1934. Liabilities. Assets _ Cf 11 £ s. d. £ s. d. £ g d Sundry loans .. 36,500 0 0 Investment Account: Principal owing by mort--Less loan liability redeemed and gagors .. .. 17 rjo o 7 discharged from Consolidated Temporary advances to Settlers Branch .. 3'390 0 0 u " " •• 7,500 0 0 Sinking Fund investments held by Public Debt Redemption Fund . . .. .. *1 301 7 7 29,000 0 0 Interest on mortgages— £ s. d Less loan liability redeemed by Overdue .. .. 1 181 14 4 Public Debt Repayment Ac- Accrued " " 'wa is fi count •• •• •• 1.530 0 0 _ ! 15081210 „ . 27,470 0 0 Sundry debtors .. .. . ' 31 13 6 Capital Reduction Account .. .. 7,500 0 0 Realization Suspense Account . . .. " 57 10 10 Liability to Consolidated Fund in terms of sec- Profit and Loss Account .. .. ..13 622 10 9 t J lon f' , lnance -^ et > J 91,6 •• •• 1,530 0 0 Cash in hand and in bank at 31st March, 1934 . '4515 11 Interest on loans accrued .. .. .. 197 11 3 ' Reserve for bad debts .. .. .. 119 7 3 Sinking fund .. .. .. .. 720 16 6 £37,537 15 0 £37,537 15 0 —— 1 1— 11 1 in = * This amount includes the sum of £588 lla. Id., capital paid into the sinking fund in accordance with the Public Debt Extinction Act, 1910. Profit and Loss Account fob the Year ended 31st March, 1934. £ s d (j To Management Expenses Account .. .. 115 00 By Interest Account-Gross profits .. .. 114 14 *3 Balance : Loss for the year .. .. 0 5 9 £U5 0 0 £115 0 0 To Balance as at 31«t March, 1933 .. .. 13,622 5 '() By Balance .. .. 11'«99 mo" Loss for the year .. .. .. .. 059 '' ' £13,622 10 9 £13,622 10 9 S-.T—r—T~ , i | Interest Account for the Year ended 31st March, 1934. Dr. £ s. d. £ s. d. Cr £ s d To Interest on loans .. .. .. 859 12 6 By Interest on mortgages .. 860 0 9 Less accrued at 31st March, 1933 .. 114 19 4 Interest on mortgages— T , , , , , — 744 13 2 Overdue at 31st March, 1934.. 1,181 14 4 Interest on loans accrued but not due .. .. 197 11 3 Accrued at 31st March, 1934 326 18 6 Balance—Gross profits transferred to Profit and Loss Account .. .. .. 114 14 3 2 368 13 7 Less overdue and accrued at 31st March, 1933 .. 1,453 611 915 6 8 Interest on temporary advances to Settlers Branch .. .. .. .. 141 12 0 056 18 8 £1,056 18 8 Management Expenses Account for the Year ended 31st March, 1934. Dr. £s. d. Cr £ d To Administration expenses .. .. .. 110 0 0 By Balance transferred to Profit and Loss Account .. 115 0 0 Audit Omce services ......500 £115 0 0 £115 0 0 E. O. Hales, Superintendent. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby — J. H. Fowler, Deputy Controller and Auditor-General. 17— B. 1 [PT. IV'.

129

B.—l [PT. IV].

STATE ADVANCES OFFICE —continued. FISHING INDUSTRY PROMOTION ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1934. Liabilities. £ s. d. £ s. d. i Assets. £ s. d. Sundry loans .. .. .. 2,521 19 2 | Investment Account: Principal owing on bills of sale 75 8 6 Less loan liability redeemed and dis- Temporary advances to Settlers Branch .. .. 1,060 0 0 charged from Consolidated Fund.. 1,036 19 2 Sinking fund investments held by Public Debt Redemption Fund .. . . . . . . *57 8 4 1,485 0 0 Interest on bills of sale, overdue .. .. 10 11 8 Less loan liability redeemed by Public Sundry debtors . . . . .. . . 19 5 0 Debt Repayment Account .. 1,060 0 0 Profit and Loss Account .. .. .. 238 7 2 425 0 0 Cash in hand and in bank at 31st, March, 1934 .. 55 0 7 Liability to Consolidated Fund in terms of section 22, Finance Act, 1926 .. .. .. .. 1,060 0 0 Interest on loans — £ s. d. Overdue .. .. .. ..956 Accrued .. .. .. .. 5 10 10 14 16 4 Sinking fund .. .. .. .. . . 16 4 11 £1,516 1 3 £1,516 1 3 * This amount, includes the sum of £41 3s. sd„ 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, 1934. Dr. £ s. d. Or. £ s. d. To Management Expenses Account .. .. 15 0 0 By Interest Account: Gross profits ~ .. 26 18 11 Income-tax . . .. .. .. .. 3 10 2 Balance : Net profits for the year .... 8 8 9 £26 18 11 £26 18 11 £ s. d. £ s. d. To Balance at 31st March, 1933 .. .. .. 246 15 11 By Net profits for the year .. .. .. 8 8 9 Balance .. .. . . .. . . 238 7 2 £246 15 11 £246 15 11 Interest Account for the Year ended 31st March, 1934. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on loans .. .. .. 14 17 3 By Interest on temporary advances to Less accrued at 31st March, 1933 .. 511 9 Settlers Branch .. .. 42 8 0 9 5 6 Interest, on bills of sale overdue at 31st Interest on loans accrued but not due .. .. 510 10 March, 1934 .. .. 10 11 8 Balance : Gross profits, transferred to Profit and Loss Account .. .. .. 26 18 11 52 19 8 Less interest on bills of sale overdue and accrued at 31st March, 1933 .. 11 4 5 41 15 3 £41 15 3 £41 15 3 Management Expenses Account for the Year ended 31st March, 1934. Dr. £ s. d. i Cr. £ s. d. To Administration expenses .. .. . . 10 0 0 I By Balance transferred to Profit and Loss Account .. 15 0 0 Audit Office services .. .. .. .. 5 0 0 £15 0 0 ' £15 0 0 E. 0. Hales, Superintendent. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.— J. H. Fowler, Deputy Controller and Auditor-General.

130

B.—l [PT. IV],

STATE ADVANCES OFFlCE—continued. REPATRIATION. Statement of Liabilities and Assets as at 31st March, 1934. Liabilities. Asuels Liability t° Redemption Account as at Ist April, £ s. d. Investment Account: Principal £ s. d. £ s. d. i " ,"• . •' , •• 1,290,182 2 1 owing on bills of sale .. 196,896 12 10 Less repayments to 31st March, 1934 .. 183,354 11 10 Less Suspense adjustments .. 152 12 4 196,744 0 6 T , 1,106,827 10 3 Interest on bills of sale, overdue .. .. 4 697 6 3 .To TO 904,034 4lô * ud bank at 31st Mareh ' 1934 ' 2,161 18 7 Losses on realization for the year ended 31st March, 1934 4,780 7 0 Management Expenses Account for the year ended 31st March, 1934 .. 1,268 17 II 910,083 9 9 Liability to Redemption Account as at 31st March, 1934 .. .. .. .. 196,744 0 6 Sundry creditors, Treasury— £ s . d. Interest .. .. .. 262 11 2 Principal .. .. .. 1,843 14 9 2,106 5 11 suspense Account .. .. .. ~ 55 12 8 Interest on advances from War Expenses Account overdue .. .. .. 4,697 6 3 £203,603 5 4 £203,603 5 4 Interest Account for the Year ended 31st March, 1934. To Interest paid to Treasury .. .. 782 10 IBy Interest on bills of sale .. .. 1,069 7*9 * d ' 111 e *° f rcasur y a t 31st March, Interest on bills of sale overdue at T ; 4j" n, ' ' " " ■■ 262 11 231 st March, 1934 .. .. 4,697 6 3 Interest due to Ireasury overdue at 31st March, 1934 •• •• •• •• 4,697 6 3 5,766 14 0 Less overdue at 31st March, 1933 5,081 13 2 5,742 7 6 Less interest due to Treasury overdue at 31st ggg y jq March, 1933 .. .. .. .. 5,081 13 2 Less realizations—lnterest .. 50 2 0 634 18 10 Interest on bank balances .. .. 25 15 6 £66 ° 14 4 £660 14 4 Management Expenses Account for the Year ended 31st March, 1934. .f~)i , oB s d j To Audit Office services .. .. .. 20 06 By Sundry fees .. .. . 19 8 Cleaning and messenger services .. .. 50 0 0 Balance recouped in accordance with section 13 (3), Commission 46 13 8 State Advances Amendment Act, 1922 .1,268 17 11 .Postages and telegrams .... ..120 00 Post Office services.. .. .. .. 145 0 0 Printing and stationery .. .. .. 35 0 0 .. .. .. .. .. 115 0 0 Salaries .. .. .. . . .. 710 0 0 Solicitors'costs .. .. .. .. 28 13 11 £1.270 7 7 £1,270 7 7 E. 0. Hales, Superintendent. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.— J. H. I owler, Deputy Controller and Auditor-General.

131

B—l [Pt. IV].

NEW ZEALAND STATE COAL-MINES. Statement of Receipts and Payments for the Year ended 31st March, 1934. Receipts. Payments. To Cash in Public Account at £ s. d. £ s. d. By James Collierv— £ s. d. £ s. d. Ist April, 1933 .. .. .. .. 11,676 9 9 Wages .". .. .. 15,734 18 9 Proceeds sale of coal, &e. .. 191,019 19 8 Special rate .. .. 209 19 3 Recoveries, refunds, &c. .. 3,237 6 1 Coal purchased .. .. 30 2 5 Royalties .. .. 7,194 19 8 Subsidized bus-fares .. 274 15 0 201,452 5 5 Electric power .. .. 480 18 10 Contracts —Deposits .. .. .. 95 0 0 16,730 14 3 Interest .. .. .. .. .. 2,524 19 11 Liverpool Colliery— Dishonoured cheques recredited .. .. 218 16 3 Property and development .. 219 8 2 Repayment of housing loans .. .. 792 8 6 Buildings .. .. .. 59 18 3 Stores and materials .. 12,556 8 5 Wages .. .. .. 47,102 9 5 Special rate .. .. 523 13 0 Railway tickets .. .. 1,206 3 9 Coal purchased .. .. 63 16 2 61,730 17 2 Mac Donald Colliery .. .. .. 4 8 8 Prospecting on State Coal Reserve .. .. .. 1,929 7 9 Seddonville Colliery Account .. 51 7 9 Wellington Depot Account .. 11,658 3 10 Christchurch Depot Account .. 22,553 18 4 Wanganui Depot Account .. 1,899 16 0 Coal purchased on account of depots (Suspense Account) .. 2,600 15 5 Cargo adjustments (co-operative coal) .. .. .. 115 4 40,704 14 5 Superannuation Fund subsidy .. .. 164 10 1 Management and office salaries .. 5,315 2 7 Interest .. .. .. 6,837 1 7 Travelling-expenses .. .. 69 16 6 Printing and stationery .. 126 3 6 Repairs and maintenance .. 2,801 0 2 Wharfage .. .. .. 2,197 16 9 Railway haulage .. .. 10,171 15 1 Marine freights .. ..33,51318 5 Postages and telegrams .. 202 10 2 Insurances .. .. .. 57 14 4 Rents .. .. .. 66 14 8 Compensation .. .. 3,236 18 3 Coal-miners' Relief Fund .. 266 0 4 General expenses .. .. 494 3 8 Investments —General .. 8,500 0 0 Sinking Fund instalment .. 8,078 9 8 Audit fees .. .. .. 374 6 0 Cheques dishonoured .. .. 218 16 3 Receiver-General's Deposit Account .. .. •.. 95 0 0 Redemption of loan capital .. 11,600 0 0 94,123 7 11 Cash in Public Account at 31st March, 1934 .. .. .. 3,301 7 4 £216,759 19 10 £216,759 19 10

132

B.—l [Pt. IV],

NEW ZEALAND STATE COAL-MINES—continued. Colliery Working Accounts for the Year ended 31st March, 1934.

Colliery Profit and Loss Accounts for the Year ended 31st March, 1934.

Mac Donald Colliery Profit and Loss Account for the Year ended 31st March, 1934. Tt t £ s- Or. £ g d lo Interest 2,155 9 2 By Rents 250 14 0 Depreciation 810 9 6 Royalties " 3 061 OJO Kepairs and maintenance .. .. .. 019 6 o»voi uiu 2,966 18 2 JNet profit—Transferred to General Profit and Loss Account .. .. .. ~ 34.4 jg g £3,311 14 10 £3,311 14 10

133

® r ' Liverpool. James. Or. Liverpool. James. i I TO Coafw^nS- 1StApriI ' 1933 3 '® 16 ™ d ° 1 ™ » " I % Sales of coal .. .. ! m% 13 4 40,344 1 2 w B , ! Sales of stores, power, &c... 4,065 5 3 J"** , , r 4 ?' 445 2 4 16.045 18 2 Stocks of coal on hand at Stores and materials used j 4,921 2 7 864 16 5 31st March, 1934, at mine, [ ailway tickets .. 431 0 1 .. wharf, and afloat .. 4,553 3 11 720 15 <J Subsidized bus fares, &c. .. 268 9 0 • ■ i o i± ij j Stores sales (at cost) .. j 3,776 12 11 Coal purchased .. 61 19 0 33 9 5 Special rate .. .. 513 5 0 225 0 6 Electric power .. .. ! .. 3g3 g 2 ; 61,665 19 11 I 18,471 IS 7 Gross profit—To Profit and Loss Account .. ... 50,808 2 7 22 593 1 4 1 ! _ j£112,474 2 6 j£41,064 16 11 j£112,474 2 6 £41,064 iēTĪ

Dr - j Liverpool. James. Cr. \ Liverpool. James. . — 1 I j r °Rfint ieS " " " 2 > 677 3 7 751 18 1 By Gross profit at mine .. 50,808 2 7 22 593 "l '4 f e , nt • • 50 9 2 Rents 494 13 9 Interest.. .. .. 3,137 5 6| 839 15 0 a Travelling-expenses .. 52 14 1 j 17 11 4 Printing and stationery .. 91 19 9 .1 30 13 4 Repairs and maintenance .. 4,581 4 10 ! 1,158 2 9 Telegrams and postages .. 148 15 4 1 ' 49 11 10 Railway haulage .. .. 7,642 2 10 j 2,738 10 9 Insurance .. .. 2,302 5 8 759 3 9 Coal-miners' Relief Fund .. 193 4 9 68 8 8 General expenses .... 341 19 6 ! 137 6 4 Marine freight .. .. 22,008 1 0 11,511 14 5 Audit fees .. .. 154 16 9 51 12 3 Wharfage .. .. 1,539 16 5 676 2 4 Superannuation Fund subsidy 82 6 3 27 8 9 Depreciation .. .. 3,990 10 5 ' 2,769 6 8 48,944 6 8 21,637 15 5 Net profit—Transferred to General Profit and Loss Account .. .. 2,358 9 8 955 5 11 £51,302 16 4 .£22,593 1 4 | £51,302 16 4 £22,593 1 4

B.—l [Pt. IV

NEW ZEALAND STATE COAL-MINES— continued. Depot Trading Accounts for the Year ended 31st March, 1934.

Depot Profit and Loss Accounts for the Year ended 31st March, 1934.

134

! I j| i i Dr. Wellington. Christchurch. j Wangahui. | Cr. Wellington. j Christchurch. Wanganui. H I | jL I I £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Stocks on hand, 1st April, 1933 .. 3,276 9 7 5,229 13 10 408 15 2 By Sales of coal .. .. .. 90,597 5 8 45,886 7 10 7,541 9 2 Purchases of coal .. .. 81,891 5 2 25,009 12 5 6,714 15 6 Sales of coke, wood, &c. .. .. 3,573 17 1 1,249 8 10 202 19 4 Purchases of firewood, coke, &c. .. 3,177 5 11 937 2 6 92 3 0 Stocks on hand at 31st March, 1934 — Wharfage .. .. .. 1,057 11 7 .. 48 7 5 Coal.. .. .. .. 1,641 14 2 5,121 18 1 305 9 0 Haulage to depot .. .. 325 17 8 16,294 2 5 58 18 3 Firewood, coke, &c. .. .. 147 19 9 336 3 9 40 3 0 Wages —Discharging .. .. 120 10 3 263 13 3 13 6 5 89,849 0 2 47,734 4 5 7,336 5 9 Gross profit — To Profit and Loss 6,111 16 6 4,859 14 1 753 14 9 Account — 1 £95,960 16 8 £52,593 18 6 £8,090 0 6 £95,960 16 8 £52,593 18 6 £8,090 0 6

!i Dr. Wellington. Christchubch. i Wanoanli. Or. Wellington, i Christchurch. Wanganui. | _| ! | I I £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. ToWages .. .. .. .. 836 1 0 970 2 5 211 11 10 By Gross profit from Trading Account 6,111 16 6 4,859 14 1 753 14 9 Salaries .. .. .. .. 1,319 1 11 1,015 19 3 374 15 1 Net loss —To General Profit and Loss .. .. 458 12 9 Rents .. .. .. .. 388 16 0 121 12 1 146 5 3 Account Interest .. .. .. .. 313 7 1 124 19 4 15 2 0 Travelling expenses and allowances .. 40 14 2 43 5 7 14 1 7 Repairs and maintenance .. .. 212 10 2 312 5 3 40 19 9 Postages and telegrams .. .. 45 6 0 47 9 4 26 18 11 Printing and stationery .. .. 56 8 8 65 2 0 15 13 1 Insurances .. .. . 33 16 1 29 4 1 7 3 4 Cartage .. .. .. .. 1,711 16 6 1,354 1 6 195 5 8 Sacks .. .. .. .. 123 12 8 125 2 2 6 17 5 Freights .. .. .. 10 0 3 13 14 10 0 7 9 General expenses .. .. .. 285 13 1 43 6 11 29 14 6 Audit fees .. ,. .. 76 19 0 79 4 0 11 14 0 Superannuation Fund subsidy .. 24 5 5 21 12 5 8 17 3 Reserved for bad debts .. .. ! 59 1 5 13 8 7 37 17 0 Depreciation .. .. .. ! 540 9 3 378 3 11 69 3 1 ! I 6,077 18 8 4,758 13 8 1,212 7 6 I Netprofit —To General Profit and Loss 33 17 10 101 0 5 Account 1 ■ £6,111 16 6 £4,859 14 1 £1,212 7 6 £6,111 16 6 ; £4,859 14 1 £1,212 7 6

B.—l [Pt. IV].

NEW ZEALAND STATE COAL-MlNES—continued. General Profit and Loss Account for the Year ended 31st March, 1934. Dr ' Cr. oss • -pi j £ s. d. £ s. d. By Net profit— £ s d { rl Wanganm Depot .. 458 12 9 James Colliery .. 955 511 Hire of Plant Revenue Account.. 717 7 Liverpool Colliery .. .. 2,358 9 8 |, I, nlm v- , f. , ~~ 466 10 4 Mac Donald Colliery . . 344 ig a Balance—Net profit for year earned down .. 11,985 13 1 Wellington Depot . .. 33 17 10 Christchurch Depot . . 101 0 5 vr , . — 3,793 10 6 JNet recoveries— Seddonville Colliery .. 20 9 ] Royalties.. \. .. 4,350 9 9 Charming Creek area .. 83 16 *6 r , . — 4,484 15 4 Interest on investments .. .. .. 4 173 17 7 £12,452 3 5 £12,452 3 5 T ° Si ca?ifaL Und AoC .° Unt f ° r . redempti . 0n ° f IOM 9 I! >' Balance-Net profit for year .. .. „ .985 13 'l Balance—Net surplus for year .. ~ 3 '907 3 5 £11,985 13 1 £11,985 13 1

135

B.—l [Pt. IV]

NEW ZEALAND STATE COAL-MINES— continued. Balance-sheet as at 31st March, 1934. Liabilities. Assets. Loan caoital £ s - £ s - <*• Collieries. £s. d. £ s. d. I oans at 31 uer cent •• •• 416 13 4 Development and Property Accounts .. .. .. 103,023 15 9 Loans at 4 per cent.' " !! 113,816 13 4 Machinery plant ropes and rolling-stock 29,461 16 5 r 114,233 6 8 Electrical plant (James Colliery) .. .. .. .. 3,/13 3 11 Accrued interest on loan capital .. .. .. •• •• 440 18 7 Buildings at mines .. .. .. .. ? ,? Departmental. Sundry. Cottages at mines .. .. .. •• 3,91 a 4 Ji Sundry creditors— £ s. d. £ s. d. Plantations at mines .. .. .. -■ •• 1,952 15 11 Liverpool Colliery .. .. 976 8 7 6,258 11 0 7,234 19 7 Coal stocks (bins, wharf, and afloat) .. .. .. .. 5,273 19 8 James Colliery .. .. .. 238 2 1 5,084 4 9 5,322 6 10 Stores on hand .. .. .. .. .. •• 8,611 17 5 Wellington Depot .. .. 4 5 3 382 2 0 386 7 3 - 161,338 0 3 Christchurch Depot .. .. 1,805 1 11 243 11 3 2,048 13 2 Plant, equipment, &c., on hire .. .. .. .. .. 947 19 0 Wanganui Depot .. .. .. 35 13 7 66 6 2 101 19 9 Depots—• Property Accounts .. .. .. .. ..10, 689 55 3,059 11 5 12,034 15 2 15,094 6 7 Stocks and stores on hand.. .. .. .. .. 7,784 2 9 Deposits on contracts .. .. -. •• •• •• 1,165 0 0 18,473 8 2 Sinking Eund .. .. •• •• •• •• 8,422 8 7 Prospecting on State Coal Reserve .. .. .. .. .. 7,115 18 9 Reserves— Sinking Fund investments .. .. .. .. .. .. 8,422 8 7 General Reserve .. .. .. •• •• 156,802 6 2 Housing advances to workmen .. .. .. .. 8,470 13 8 Bad Debts Reserve .. .. .. • • • • 744 3 2 Interest accrued due .. .. .. .. .. 122 4 11 Accident Insurance Reserve .. .. .. .. 6,413 12 9 — 8,592 18 7 163, 960 2 1 Investments (ordinary) .. .. .. .. 62,800 0 0 General Profit and Loss Account— . Interest accrued due .. .. .. .. .. 276 14 7 Net surplus for year .. .. .. •• •• 3,907 3 5 63,076 14 7 Departmental. Sundry. Sundry debtors— £ s. d. £ s. d. Liverpool Colliery .. .. .. 211 19 6 2,507 12 0 2,719 11 6 James Colliery .. .. .. .. 19 4 4 19 4 4 Mac Donald Colliery .. .. .. 1,249 18 2 1,249 18 2 Wellington Depot .. .. 86 16 5 27,871 3 3 27,957 19 8 Christchurch Depot .. .. 21 15 5 2,444 4 3 2,465 19 8 Wanganui Depot .. .. .. 0 18 9 390 8 1 391 6 10 321 10 1 34,482 10 1 34,804 0 2 Less provisionally written off .. .. .. .. 14 9 6 34,789 10 8 Cash in Receiver-General's Deposit Account .. .. .. .. 1,165 0 0 Cash in Public Account .. .. .. .. .. .. 3,301 7 4 £307,223 5 11 £307,223 5 11 State Goal-mines Office, Wellington, A. W. Gyles, A.R.A.N.Z., Accountant. Chas. E. Macmillan, 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, subject to the comment that no charge for the cost of exchange on payments made in London is included in the account. J. H. Fowler, Deputy Controller and Auditor-General.

136

B.—l [Pt. IV].

STATE FIRE INSURANCE OFFICE. Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1933. £ s. d. £ s. d. Premiums after deduction of reinsurances .. 201,351 0 3 ! Bonus rebate to policyholders .. .. 30,060 1 4 Other receipts— £ s. d. 1 Losses by fire and earthquake (after deduction of Interest, commission, and rent 43,286 12 0 reinsurances) .. .. .. .. 49,004 14 4 Less land-tax .. .. 380 9 2 | Income-tax .. .. .. .. 33,911 11 7 42,906 210 Commission .. .. .. .. 9,320 16 0 ; Salaries .. .. .. .. .. 25,315 1 5 Contribution to Public Service Superannuation Fund .. .. .. .. .. 525 15 9 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. .. 7,967 19 1 Expenses of management— £ s. d. Travelling-expenses .. ' .. 2,997 15 2 Printing, stationery, and advertising .. .. .. 1,483 14 0 Rent .. .. .. 1,697 410 Exchange .. .. .. 45 10 5 Postages, telegrams, cablegrams, and sundry charges .. 6,645 18 3 12,870 2 8 Office equipment .. . . .. . . 721 13 10 Office premises: Depreciation .. .. 2,586 11 0 172,284 7 0 Payment to New Zealand Treasury under section 5, Finance Act, 1931 (No. 2) .. .. .. 3,484 11 0 Investments Fluctuation Reserve Fund .. 15,000 0 0 Bonus Rebate Reserve .. .. .. 20,000 0 0 Office premises—Written off .. .. 29,700 0 0 Amount of fire-insurance funds at end of year .. 3,788 5 1 £244,257 3 1 £244,257 3 1 ! r Balance-sheet of the State Fire Insurance Office on the 31st December, 1933. Liabilities. £ s. d. Assets. £ s. d. Capital authorized by the State Fire £ Government securities .. .. .. 436, 392 16 2 Insurance Act, 1908 .. .. 100,000 Local-authority securities .. .. .. 151,751 2 7 Less not raised .. .. .. 100,000 Rural Advances bonds .. .. .. 14,175 0 0 Nil. Fixed deposits and at short call .. .. 280,000 0 0 Bad Debts Reserve .. .. .. 1,500 0 0 Land and buildings .. .. .. 124,680 9 6 Reserve Fund .. .. . . .. 713,552 10 11 Outstanding premiums .. .. .. 10,159 3 7 Investments Fluctuation Reserve Fund .. 59,000 0 0 Interest accrued but not due .. .. 9,415 8 6 Reserve for unearned premiums .. .. 104,246 911 Rent accrued or due .. .. .. 1,913 2 4 Bonus Rebate Reserve .. .. .. 49,000 0 0 Rent overdue .. .. .. 134 15 4 Reinsurance Reserve Fund .. .. .. 60,000 0 0 Cash in Bank of New Zealand at Premium and other deposits .. .. 1,047 3 9 Wellington, or in transit to £ s. d. Outstanding fire and earthquake losses .. 3,130 0 0 Wellington .. .. 31,187 8 9 Government taxes .. .. .. .. 43,911117 Imprest Account balances: Head Sundry creditors .. .. .. .. 6,815 4 9 Office and branches.. .. 703 12 2 Other amounts owing by the Office — £ s. d. ——■— 31,891 011 Reinsurance premiums due .. 10,647 7 9 Commission.. .. .. 1,515 12 3 Printing, stationery, and advertising .. .. .. 16 0 10 Postages and sundry charges .. 2,342 12 1 14,521 12 11 Fire-insurance funds, as per Revenue Account.. 3,788 5 1 £1,060,512 18 11 £1,060,512 18 11 J. H. Jerram, General Manager. L. H. Osborn, Deputy General Manager. 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.

18—B, 1 IPt. IVI.

137

B. —1 [PT. IV].

STATE FIRE INSURANCE OFFlCE—continued. Revenue Account of the Accident Branch of the State Fire Insurance Office for the Year ended 31st December, 1933. £ s - d - £ s. d. Premiums after deduction of reinsurances .. 80,206 13 11 Free-year bonus on personal accident policies .. 272 12 11 £ s - d - Claims .. .. .. .. 48,592 16 6 Interest .. .. .. 15,239 12 4 Commission.. .. .. .. .. 3,418 10 6 Less land and income tax .. 10,787 611 Salaries .. .. .. .. .. 10'200 0 0 4,452 5 5 Contribution to Public Service Superannuation Fund .. .. .. .. .. 170 0 0 Expenses of management .. .. .. 3,076 4 0 65,730 3 11 Payment to New Zealand Treasury under section 5, Finance Act, 1931 (No. 2) .. .. .. 1,174 0 0 Further appropriation to Investments Fluctuation Reserve .. .. .. .. .. 15,000 0 0 Amount of Accident Funds, 31st December, 1933 2,754 15 5 £84,658 19 4 £84,658 19 4 Balance-sheet of the Accident Branch of the State Fire Insurance Office as on the 31st December, 1933. Liabilities. £ s . d. Assets. £ s. d. Accident funds, as per Revenue Account .. 2,754 15 5 Government securities .. .. .. 163,502 15 8 Outstanding accident claims .. .. 44,147 0 0 Local-authority securities .. .. ..113 070 5 7 Government taxes .. .. .. .. 14,787 611 Rural Advances bonds .. .. .. 0 0 Commission .. .. .. .. 332 12 9 Property under agreement for sale and purchase .. 3,980 0 0 Premium and other deposits.. .. .. 118 13 0 Fixed deposits and at short call .. .. 45,000 0 0 Sundry creditors .. .. .. . . 39 18 1 Interest accrued but not due .. .. 4 018 6 3 Reinsurance premiums due .. .. .. 52 19 4 Interest overdue . . .. .. . . 199 0 0 Officers' Fidelity Fund .. .. .. 500 0 0 Agents'balances .. .. .. .. 2,063 13 0 Reserve for Unearned Premiums .. .. 47,220 13 10 Sundry debtors, including Motor-vehicles Insurance Investment Fluctuation Reserve .. .. 41,000 0 0 (Third-party Risks) Act pool .. .. 49,430 17 3 Bad Debts Reserve .. .. .. 1,000 0 0 Cash in hand on current account .. 6,296 17 5 Reserve Fund constituted under section 6 of the Government Accident Insurance Amendment Act, 1924 .. .. .. .. 250,032 15 10 £401,986 15 2 £401,986 15 2 J. H. Jerram, General Manager. L. H. Osborn, Deputy General Manager. 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.

138

B.—l [PT. IV].

SWAMP LAND DRAINAGE SCHEMES. Rate Accounts for the Year ended 31st March, 1934. Kaitaia Drainage Area. Special Rate Accounts : Capital, Rural Town Rural Town Subdivision. Subdivision. Subdivision. Subdivision. mT, , Dr - £ s. d. £ s. d. Cr. £ 8 . d. £ s. d. To Balance .. .. .. .. 23 4 0 By Balance .. .. .. 329 13 0 Transfer to Reserve Fund .. 347 5 9 47 9 3 Kates levied, £3,352 3s. Bd.; less Interest charge .. 2,252 14 3 403 10 9 rebate, £700 6s. 9d. .. .. 2,651 16 11 466 10 9 Remissions .. .. .. 16 7 6 015 3 Penalty, 10 per cent, on unpaid Balance .. .. .. 567 10 9 12 15 2 rates .. .. .. 202 8 4 21 3 8 £3,183 18 3 £487 14 5 £3,183 18 3 £487 14 5 General Bate Accounts : Maintenance. _ ®. ur . a ! „ T ° w . n . Rural Town Subdivision. Subdivision. Subdivision. Subdivision. £ s. d. £s. d. Cr. £ s. d. £ s. d. To Cost of maintenance (less subsidy) 1,200 0 0 99 11 4By Balance .. .. .. 457 611 54 0 2 Remissions .. .. .. 317 10 03 6 Rates levied (less subsidy) .. 660 511 94 15 2 Balance .. .. .. .. 53 4 0 PenaHy, 10 per cent, on unpaid rates .. .. .. 45 64 436 Balance .. .. .. 40 18 8 £1,203 17 10 £152 18 10 £1,203 17 10 £152 18 10 Note.—Gross maintenance costs, £1,674 lis. 4d., were subsidized from Consolidated Fund by £375. Waihi Drainage Area. Special Rate Accounts : Capital. Pukehina Kaikokopu Pukehina Kaikokopu Ward. Ward. Ward. Ward. „ , Dr - £ s. d. £ s. d. Cr. £ s. d. £ s. d. lo Balance .. .. .. .. 50 5 9 By Balance .. .. .. 470 13 9 Remissions .. .. .. .. 2 811 Rates levied .. .. .. 374 2 0 389 8 2 Transfer to Reserve Fund .. 30 7 9 45 11 8 Penalty, 10 per cent. .. .. 37 8 2 27 15 10 Interest charge .. .. 244 12 3 366 18 4 Balance .. .. .. .. 48 0 8 Balance .. .. .. 607 3 11 £882 3 11 £465 4 8 £882 3 11 £465 4 8 General Bate Accounts : Maintenance. Pukehina Kaikokopu Central Pukehina Kaikokopu Central Ward. Ward. Ward. Ward. Ward. Ward. „ _ Dr ' £ s. d. £ s. d. £ s. d. Cr. £ s. d. £ s. d. £ s. d. lo Cost of maintenance .. 75 12 3 280 0 0 350 0 0 By Balance .. .. 536 10 3 491 4 6 62 14 5 Remissions .. .. .. 3 2 0 40 10 4 Rates levied .. 176 12 5 375 4 5 500 8 3 Balance .. .. 655 3 8 604 13 1 209 15 2 Penalty, 10 per cent. .. 17 13 3 21 6 2 37 210 £730 15 II £887 15 1 £600 5 6 £730 15 11 £887 15 1 £600 5 6 Poukawa Drainage Area. Special Bate Account: Capital. Or. £ s . d. Cr. £ s . d. To Remissions .. .. .. .. 98 8 5 By Balance .. .. .. .. .. 47 18 10 Transfer to Reserve Fund .. .. .. 113 2 9 Penalty, 10 per cent., 1932-33 rates unpaid .. 79 17 2 Interest charge .. .. .. .. 1,072 2 3 Rates levied, 1933-34 .. .. .. 1,233 310 Balance .. .. .. .. 131 13 3 Penalty, 10 per cent., 1933-34 rates unpaid .. 54 610 £1,415 6 8 £1,415 6 8 General Bate Account: Maintenance. Dr. £ s, d. Cr. £ s. d. To Remissions .. .. .. .. 9167 By Balance . . .. .. .. .. 135 17 2 Cost of Maintenance .. .. .. 127 9 0 Penalty, 10 per cent., 1932-33 rates unpaid " 911 2 Balance .. .. .. .. .. 150 16 6 Rates levied .. .. .. .. 135 17 2 Penalty, 10 per cent., 1933-34 rates unpaid .. 616 7 £288 2 1 £288 2 1

139

B.—l [PT. IV],

SWAMP LAND DRAINAGE SCHEMES—continued. Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. As,sets. £ s. d. £ s. d. Capital Account, Public Works Fund .. .. 686,325 12 4 Kaitaia Drainage Area — Reserve: Repayment of capital Allocated cost of works on which costs — rates are levied — Kaitaia Drainage Dis- Rural subdivision .. ~ 60,000 0 fl trict —- £ s. d. £ s. d. Town subdivision .. .. 8,200 0 0 Rural subdivision .. 1,293 0 9 68,200 0 0 Town subdivision .. 176 14 4 Excess cost of works not re- —-—— 1,469 15 1 coverable .. .. .. 154,669 11 5 Waihi Drainage Dis- • Interest Account: Proportion trict— chargeable to district— .. 114,082 8 5 Pukehina subdivi- 268,751 19 10 sion .. .. 138 2 10 Waihi Drainage Area— Kaikokopu subdivi- Allocated cost of works on which sion .. .. 207 4 4 rates are levied—• 345 7 2 Pukehina subdivision .. 5,000 0 0 Poukawa Drainage District—• .. 220 17 9 Kaikokopu subdivision .. 7,500 0 0 7 2,036 0 0 Central subdivision .. 50,000 0 0 Rate accounts—■ 62,500 0 0 Special rate accounts : Capital— Excess cost of works not recoverKaitaia Drainage able .. .. 23,804 14 6 District—■ £ s. d. Interest Account: Porportion Rural subdivision 567 10 9 chargeable to district .. 37,156 8 0 Town subdivision.. 12 15 2 — — 60,961 2 6 — 580 5 11 Poukawa Drainage Area— Waihi Drainage District i Puke- Drainage works .. .. 15,916 7 4 hina subdivision .. .. 607 311 Interest Account: Proportion Poukawa Drainage District .. 131 13 3 chargeable to district .. 3,251 7 3 1,319 3 1 19,167 14 7 General rate accounts : Mainten- Hikurangi Drainage Area— ance— Drainage works .. .. 239,949 19 8 Kaitaia Drainage District: Town Interest Account: Proportion subdivision .. .. 53 4 0 chargeable to district .. 98,220 2 1 Waihi Drainage Dis- 338,170 1 9 trict —■ £ s. d. Mangawai Drainage Area — Pukehina subdivi- Drainage works .. .. 1,877 17 6 sion .. .. 655 3 8 Interest Account: Proportion Kaikokopu subdi- chargeable to district .. 1,105 6 S vision - .. 604 13 1 2,983 4 2 Central subdivision 209 15 2 Harihari Drainage Area — —— 1,469 11 11 Drainage works .. .. 4,354 19 0 Poukawa Drainage District — .. 150 16 6 Interest Account: Proportion 1,673 12 5 chargeable to district .. 2,218 14 4 Sundry creditors— 6,573 13 4 Miscellaneous .. .. .. 1,072 1 2 Buildings .. .. .. .. .. 1,738 211 Departmental .. .. .. 15 16 9 Wharves .. .. .. .. .. 65 16 11 1,087 17 11 Plant and machinery .. .. .. .. 32,582 3 8 Rents charged in advance .. .. .. 432 0 0 Loose tools .. .. .. .. .. 429 7 8 Payments in advance— Live-stock .. .. .. .. .. 1347 Rent .. .. .. 0 3 0 Fuel .. .. .. .. .. 8 13 5 Rates .. .. 7 19 6 Stores on hand .. .. .. .. 4,914 14 5 8 2 6 Sundry debtors for rates—• Suspense Account .. .. .. . 060 • . Capital. Maintenance. Writings-off in Suspense .. .. .. 161 12 8 ° s. d. £ Treasury Adjustment Account .. .. 205,443 8 1 Kaitaia.. .. 8,293 6 5 2,658 10 II 10,951 17 4 J J Waihi .. .. 3,512 14 7 5,941 12 10 9,454 7 5 Poukawa .. 1,149 1 6 126 7 5 1,275 811 Sundry debtors— Rent under section 4 (2), Swamp Land Drainage Amendment Act, 1926.. .. .. 3,919 7 5 House-rent .. .. .. 20 14 10 Law-costs .. .. .. 218 14 6 Miscellaneous .. .. 127 0 6 Depaii mental .. .. 520 0 10 — 4,805 18 1 Rate Account — Special Rate Account: Capital—Waihi Drainage District, Kaikokopu subdivision .. .. 48 0 8 General Rate Account: Maintenance —Kaitaia Drainage District, rural subdivision .. 40 18 8 Postponed rent .. .. .. .. 17 19 10 Premiums on Conversion .. . . .. 229 10 0 Revenue Account: Waihi Drainage District— Central ward .. .. .. .. 4,259 2 9 Losses in Suspense .. .. .. . . 161 12 8 Cash in transit from Post-office .. .. 182 18 11 £898,487 15 0 £898,487 15 0 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. I hereby certify that the Rate 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 comment that no charge for the cost of exchange on payments made in London is included in the Account, and to the accounts of the Auckland Land Office and Chief Drainage Engineer, the audit of which has not yet been completed by the local Audit Inspector, being in agreement with the Head Office books.—G. P. 0. Campbell, Controller and Auditor-General.

140

B.—l [PT. IV].

TEACHERS' SUPERANNUATION FUND. REVENUE ACCOUNT for the Year ended 31st January, 1934. £ s. d. £ a. d. To Balance, 31st January, 1933 .. .. 1,111,641 14 4 By Retiring and other allowances .. .. 299,515 10 11 Contributions of members .. .. 114,336 18 8 | Contributions refunded— .. £ s. d. Contributions transferred from other funds 219 7 0 1 On voluntary retirement .. 26,284 7 4 Additional contribution from Fiji Govern- i On death of members .. 2,973 4 10 ment in respect to teachers in Fiji schools 219 2 7 1 On lapse of membership .. 1,483 17 11 Government subsidy— £ s. d. 30,741 10 1 Under the Act, section 112 43,000 0 0 Rebate of contributions to annuitants on Under the Act, section 114 4,143 7 5 retirement under National Expenditure On account of reduction of Adjustment Act, 1932, section 9 (2) .. 171 15 4 interest during year ended Contributions transferred to other funds .. 888 16 9 31st March, 1933, under Administration expenses— £ s. d. National Expenditure Ad- Commission, G.P.O. .. 581 12 6 justment Act, 1932 .. 8,804 8 5 Commission, Public Trustee 1,670 18 5 55,947 15 10 Clerical assistance .. 900 0 0 Interest — Postage and telegrams .. 119 2 6 On investments .. .. 53,162 1 9 Office expenses .. 174 11 10 On contributions in arrears 1,147 11 10 Travelling - expenses of 54,309 13 7 Board members .. 108 13 1 Premium on conversion of Government In- Medical fees .. .. 29 8 0 scribed Stock .. .. .. 58 17 0 Audit fees .. .. 50 0 0 Profit on realization of Rural Advances Bonds 1,403 6 6 3,634 6 4 Balance, 31st January, 1934 .. .. 1,003,184 16 1 £1,338,136 15 6 £1,338,136 15 6 COST-OF-LIVING BONUS ACCOUNT FOR THE YEAR ENDED 31st JANUARY, 1934. £ s. d. £ s. d. To Refund from Consolidated Fund .. .. 304 16 5 By Balance due from Consolidated Fund, January, Balance due from Consolidated Fund, 31st Janu- 1933 .. .. .. .. .. 24 11 3 ary, 1934 .. .. .. .. .. 56 17 2 Payment of bonus .. .. .. .. 337 2 4 £361 13 7 £361 13 7

141

B.—l [PT. IV].

TEACHERS' SUPERANNUATION FUND—continued. BALANCE-SHEET as at 31st January, 1934. Liabilities. £ s. d. Assets. Fund as per Revenue Account .. .. 1,003,184 X 6 1 Amount held by Public Retiring and other allowances due and unpaid 2,401 18 4 Trustee— £ s. d. £ g. d. Refund of contributions due and unpaid .. 646 7 9 Invested .. .. 1,022,323 1 0 Administration expenses unpaid— Uninvested .. .. 1,364 10 7 Commission, Post and Telegraph £ s. d. 1,023,687 11 7 Department .. .. 190 14 6 Amounts paid to protect securities . . .. 287 310 Clerical assistance .. .. 750 0 0 Contributions of members — Postage and telegrams 100 0 0 In transit .. .. 4,259 1 8 Office expenses, printing, and Due and outstanding .. 4,307 14 11 stationery .. .. 16 6 I 8,566 16 7 Medical fees .. .. 8 8 0 Interest on investments— Audit fee .. .. .. 41 13 4 Due and outstanding .. 21,684 11 3 1,107 1 11 Accrued, but not due .. 12,728 2 0 Unclaimed contributions .. .. 1,727 2 10 34,412 13 3 Amounts paid into fund in error .. 2 18 4 Interest on arrears of contributions due and outGovernment subsidy — Statutory standing (contributors) .. .. .. 749 10 4 grant paid in advance for 1934 39,416 13 4 Due by annuitants (contributions and £ s. d. Less additional subsidy under sec- interest) .. .. .. 0 3 II tion 114 of Act not yet paid .. 329 14 4 Allowance overpaid .. .. 2 11 8 Less additional subsidy under sec- 2 15 7 tion 114, payable in respect to Consolidated Fund, on account of cost-of-living allowances outstanding at 31st bonus .. .. .. .. .. 56 17 2 January, 1934 .. .. 88 17 1 38,998 1 11 Rent received from securities leased (held for rates and expenses) .. .. .. .. 123 5 2 Amounts received from mortgagors for expenses not yet paid .. 13 3 6 Reserve — For commission payable to Public Trustee in respect to interest due or accrued .. 1,249 0 0 For commission to Post and Telegraph Department in respect to vouchers issued but unpaid .. .. .. 42 2 6 1,291 2 6 Reserve for loss on realization of securities — Balance at 31st January, 1934.. 7,504 10 8 Less written-off principal .. 1,453 17 5 Less written-off interest .. 1,551 8 0 4,499 5 3 Vouchers issued but unpaid at 31st January, 1934 .. .. 19,436 12 1 Less cash in Post Office Account 5,786 18 2 13,649 13 11 £1,067,763 8 4 £1,067,763 8 4 Notes.—Since the closing of the Account for the year the Government has given a further subsidy on account of the loss suffered by the reduction of interest under the provisions of the National Expenditure Adjustment Act, 1932. The amount accrued for the period to 31st January, 1934—n0t included in the year's accounts —is £7,335. The liability under section 9 (2) of the National Expenditure Adjustment Act, 1932, as amended by section 25 of the Finance Act (No. 2), 1932-33, in respect to the rebate to those contributors who did not elect to continue to contribute on the higher rate of salary before the reductions in 1932 has not been taken into account in the foregoing statement. The benefit (which is payable upon retirement) will amount, in the aggregate, to approximately £30,000 ; but the additional liability is only approximately £5,000, as the remaining £25,000 would, in any case, be refunded as contributions in the ordinary way upon retirement before full age or service. C. E. Crawford, A.R.A.N.Z., Secretary, Teachers' Superannuation Board. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes.—G. F. C. Campbell, Controller and Auditor-General.

142

B.—l [P T . IV],

TRANSPORT DEPARTMENT. Income and Expenditube Account eoe the Yeab ended 31st Maech, 1934. Expenditure. Income. £ d To Head Office administration ex- By Pees under Transport Licensing Act, 1931 .. 17,957 3]ô SaCST .. 7 004 10 *2 £ S ' d ' Balance > be ing excess of expenditure over revenue 5,130 1 8 Advertising, books, newspapers, &c. .. .. ..259 15 6 Printing, stationery, and office requisites .. .. 807 2 0 Postages, telegrams, and telephones .. .. .. 241 12 0 Pent .. . . . . 304 0 0 Services of Census Office . . 4 9 8 Travelling allowances and expenses .. .. .. 423 10 9 Law-costs .. .. .. 34 13 8 Services of Post and Telegraph Department .. .. 355 0 0 Depreciation .. .. 103 1 2 Overtime .. .. . . 92 1 7 Meal allowances .. .. 28 8 9 Sundry expenses .. .. 5 2 7 ——- 9,663 7 10 Transport Licensing Authorities— Law-costs .. .. .. 277 0 9 Metal-holders for vehicle authorities .. .. .. 75 16 8 Travelling allowance and expenses " .. .. .. 2,208 11 2 Pees of members ... .. 2,655 9 0 Advertising .. .. 418 11 1 Salaries of Secretaries .. 2 ,895 2 11 Office expenses .. .. 380 12 10 Pent .. .. .. 128 17 0 Services of Registrar of Motorvehicles .. .. .. 161 13 0 9,199 14 5 Appeal Board— Pent .. .. .. 3 15 0 Advertising .. .. 24 15 3 Pees of members .. .. 340 4 0 Travelling allowances and expenses .. .. .. 478 5 9 847 0 0 Inspection of passenger - service vehicles— Salaries of vehicle Inspectors .. 1,952 7 6 Travelling allowances and ex- . . penses .. .. .. 712 8 2 Pent ......... 26 0 0 Sundry expenses .. . . 2 14 10 Overalls for vehicle Inspectors 3 5 10 Brake-testing machines .. 8 17 11 Depreciation : Satchells .. 1 17 10 2,707 12 1 Traffic-control— Salaries of Traffic Inspectors .. 350 2 11 Travelling allowance and expenses .. .. .. 119 9 u Cost of operation of motor-car— License fees .. .. 4 2 6 Maintenance and repairs .. 68 11 7 Petrol and oil .. .. 73 0 8 Tires, fa 5 11 2 Depreciation .. .. 48 12 5 669 11 2 £23,087 5 6 £23,087 5 6 £ s. d. -»■"= To Balance .. .. .. .. 5,130 1 8 Interest on capital .. .. .. 48 15 11 £5,178 17 7 £ s d 1 1 By Balance .. .. .. , 5178 177 T ° BalanCS 5 > 178 " l mental ***** ° n ° apital and assessed rental for which tie Department has no parlia-Balance-sheet as at 31st Maech, 1934, Liabilities. £ s . d. | „ , Capital, 31st March, 1934 1,303 7 8 Office furniture and fittings .. " 838 11 4 SpSSfiT IT 7?i SSSiniS^.' 0 - 10 "" I 'T :: '84 J el '■ '* '* 378 10 0 Metal-holders for vehicle authorities . 75 16 S 465 17 11 Motor-car .. .. ' piq 9 ? Depreciation Reserves— Sundry debtorg " " £ V ' 1 Departmental library .. .. 911 0 Departmental .. 65 10 Ô Office furniture and fittings .. 256 7 1 Other .. ' " 210 ft Typewriters and mechanical office " '' '' '' appliances 69 2 3 Sundry payments in advance .. .. .. 8 2 9 Motor-car .. •• •• 48 12 5 Official stamps .. .. . 23 7 6 Satchells for Vehicle Inspectors .. .117 10 _ Porms and stationery on hand .. .. 2 00 0 0 m , , , , , 10 7 Satchells for vehicle Inspectors .. .. 711 3 Treasury Adjustment Account .. .. 4,710 7 3 Income and Expenditure Account .. " 5,178 17 7 £6,865 3 5 £6,865 3 5 J. S. Huntee, Commissioner of Transport. H. B. Smith, 8.C0m., 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 note.—J. H. Fowleb, Deputy Controller and Auditor-General '

143

B—l [PT. IV].

TREASURY DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1934. Expenditure. Income. To Administration charges— £ s. d. By Recovery of administration expenses (National Salaries .. .. .. . ■ 26,110 18 4 Expenditure Adjustment Act, 1932, sec- £ a. d. Legal and professional expenses .. .. 12 17 0 tion 47 (1) ) .. •• * Office requisites .. .. .. 200 16 10 Inscribed stock fees .. .. .. 2,050 14 0 Overtime, &c. .. .. . ■ 188 14 9 Unclaimed dividends, New Zealand consolidated Postage and telegrams .. .. .. 2,527 15 4 stock .. .. .. •• •• 219 7 6 Printing and stationery .. .. .. 3,217 14 5 Conscience-money.. .. .. .. 42 ,i - Telegrams beyond the Dominion .. .. 1,960 18 11 Unpresented cheques .. .. .. 14b 8 1 Telephone subscription, &c. .. .. 322 17 1 Balance carried down .. .. .. 69,753 10 8 Travelling-expenses .. .. .. 165 8 10 Annual rental value of premises (a) .. 2,681 0 0 Rent, Dunedin office .. .. .. 120 0 0 Office and sundry expenses .. .. 37 1 5 Expenses of Local Government Loans Board 240 19 1 Depreciation .. .. .. 451 17 2 Losses irrecoverable .. .. .. 65 9 0 General charges— Bank exchange, commission, and discount .. 719 18 6 Consolidated stock — Management charges .. .. ■■ 31,47423 Stamp duty on transfers .. .. 5,340 16 4 Expenses: Coinage Committee .. .. 21 8 6 New issue of silver and bronze coinage .. 2,593 8 5 Exchange of Australian silver coin for English mintage .. .. ■ • • • 9 8 9 Travelling-expenses : Members of Stock Exchange .. .• • • • • 45 11 7 £78,509 2 6 £78,509 2 6 £ s. d. By Recoveries on account of expenditure of previous £ s. d. To Balance brought down .. .. .. 69,753 10 8 years .. .. .. .. •• 414 0 Interest on capital (6) .. .. .. 264 0 4 Excess of expenditure over income .. .. 70,012 17 0 £70,017 11 0 £70,017 11 0 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. •• •• 6,326 17 0 Office furniture, fittings, and equip- £ s. d. Creditors— £ s. d. ment .. .. .. 3,309 9 4 Departmental .. .. 302 2 5 Less provisionally written off .. 5 9 8 Sundry .. .. .. 467 7 0 3,303 19 8 Bronze and silver coin .. 25,000 0 0 Mechanical appliances .. .. 2,870 3 9 25,769 9 5 Less provisionally written off .. 59 19 4 Depreciation Reserve .. .. ■■ 3,487 9 4 2,810 4 5 Treasury Adjustment Account .. .. 63,694 15 0 Library .. .. .. .. .. 212 12 11 Stock of stamps .. .. .. .. 6 6 5 Debtors — £ s. d. Sundry .. .. .. 88 16 5 Departmental .. .. 119 0 6 207 16 11 Expenses paid in advance .. .. .. 10 17 4 Cash in Public Account .. .. .. 22,713 16 1 Excess of expenditure over income .. .. 70,012 17 0 £99,278 10 9 £99,278 10 9 Note. The following are included for which the Department has not obtained parliamentary appropriation: (a) Rental value of premises as assessed by Public Works Department; (b) interest on capital at per cent. Depreciation has been allowed for on balance of assets as at Ist April, 1933, the total charge being carried to Depreciation Reserve. B. C. Ashwin, for 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 note.—J. H. Fowler, Deputy Controller and Auditor-General.

144

B.—l TPt. IVI.

WESTPORT HARBOUR ACCOUNT. Income and Expenditure Account foe the Year ended 31st March. 1934. Expenditure. £ s. d. Income. £ s. d To Dredging.. .. .. .. .. 8,160 6 3 By Special coal rate .. .. .. .. 14,004 0 0 Harbour maintenance .. .. .. 1,874 11 8 Endowment revenue .. .. .. 12,023 14 1 Working-expenses of tug and launch.. .. 585 15 2 Port dues .. .. .. .. 3,609 19 9 Office administration (local) .. .. 946 17 1 Sale of surplus stores .. .. .. 83 18 7 Endowments.: Administration expenses .. 301 5 1 Hire of plant .. .. .. .. 102 0 1 Audit fees .. .. .. .. 42 6 0 Rent .. .. .. .. .. 60 9 6 Telephone services .. .. .. 65 4 11 Cape Foulwind Railway revenue .. .. 22 0 0 Compensation for accidents.. .. .. 112 11 Subsidy from Unemployment Fund .. .. 909 3 1 Travelling-expenses .. .. .. 8 10 7 Supervision of explosives magazine .. .. 64 2 6 Cape Foulwind Railway maintenance .. 9 17 6 Miscellaneous receipts .. .. .. 7 6 2 Head Office Administration .. .. 500 0 0 Balance carried down .. .. .. 2,426 13 5 Depreciation .. .. .. .. 2,523 6 3 Interest on loans .. .. .. .. 18,293 13 9 £33,313 7 2 £33,313 7 2 £ s. d. £ s. d. To Balance brought down .. .. .. 2,426 13 5 By Transfer from General Reserve .. .. 8,896 13 7 Transfer to Sinking Fund .. .. .. 6,470 0 2 £8,896 13 7 £8,896 13 7 Note. —No charge for the cost of exchange on payments made in London is included in the account. Balance-sheet as at 31st March, 1934. Liabilities. Assets. Loan capital— Endowment lands— £ s. d. £ s. d. New Zealand Loans Act, 1932 — £ s. d. Leased .. .. .. 33,430 14 0 3-per-cent. stock .. .. .. 237,500 0 0 Unleased .. .. .. 23,060 1 9 4-per-cent. debentures .. .. .. 6,470 11 9 56,490 15 9 5-per-cent. debentures .. .. .. 117,352 18 10 Breakwaters .. .. .. .. 344,332 15 3 Westport Harbour Act, 1920: Westport Harbour Training-walls .. .. .. .. 102,998 0 0 Board Act, 1908 —5 per cent, debentures .. 8,250 19 6 Limestone quarry .. .. .. .. 128 0 0 Protective works and relief channel .. .. 17,384 9 0 369,574 10 1 Gridiron .. .. .. .. .. 2,196 0 0 Finance Act, 1932, section 16 .. .. 92,421 14 3 Dredge wharf .. .. .. .. 2,790 0 0 Martin's Island .. .. .. .. 700 0 0 461,996 4 4 Harbour buildings .. .. .. .. 4,619 0 0 Endowment capital .. .. .. .. 56,490 15 9 Dredges, tug " Mana," plant, &c. .. .. 43,765 5 3 Sinking Fund Reserve .. .. .. 154,664 0 6 Cape Foulwind Railway .. .. .. 8,250 19 6 Depreciation Reserve .. .. .. 35,776 10 1 Office furniture and fittings .. .. .. 30 4 8 General Reserve .. .. .. .. 23,023 6 2 Stock and stores .. .. .. .. 6,060 4 9 Writings-off, Reserve Account .. .. .. 162 2 4 Survey charges, Endowment lands .. .. 437 15 0 Payments in advance .. .. .. 426 0 3 Debtors — £ s. d. Survey costs, Suspense Account .. .. 437 15 0 Accrued revenue .. .. 6,016 810 Creditors — £ s. d. Departmental .. .. 29 8 4 Accrued interest .. .. 1,133 0 9 Sundry .. .. .. 1,394 13 2 Departmental .. .. 143 4 10 7,440 10 4 Sundry .. .. .. 345 16 7 Sinking fund investments .. .. .. 154,664 0 6 1,622 22 Writings-off, Suspense Account .. .. 162 2 4 Treasury Adjustment Account .. .. 17,851 5 9 £752,450 2 4 £752,450 2 4 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 note. —J. H. Fowler, Deputy Controller and Auditor-General.

19— B. 1 [PT. IV].

145

B.—l [PT. IV].

WORKING RAILWAYS ACCOUNT. Capital Account as at 31st March, 1934.

146

less written offand Provision j Yea* ended 31st March, 1934. Total to 31st Marph Total to 31st March, Year ended | Total to 31st March, for Depreciation. . 1934 - 10s3 - 31st March, 1934. j 1934. Expenditure. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Receipts. £ s. d. £ s. d. £ s. d. Permanent - way, works, buildings, 46,834,058 0 1 .. 2,462,358 17 11 From General Government machinery, and plant (lines open Funds — for traffic) Public Works Fund .. 50,920,696 2 5 2,458,265 13 5 53,378,961 15 10 Deduct assets written off .. 645,160 13 5 94,981 18 5 Wellington-Hutt Railway Ini- 228,373 5 5 .. 228,373 5 5 46,188,897 6 8 2,367,376 19 6 48,556,274 6 2 provement Account Rolling-stock .. .. .. .. .. 289,208 1 9 Railways Improvement Ac- 641,275 7 8 .. 641,275 7 8 Deduct assets written off .. .. .. 117,866 19 8 count, 1904 10,504,787 14 1 171,341 2 1 10,676,128 16 2 Railways Improvements Autho- 8,648,618 6 10 .. 8,648,618 6 10 New lines in course of construction by rization Act 1914 Account Public Works Department and Consolidated Fund .. .. 4,296 7 10 .. 4,296 7 10 charged against — Westport Harbour loans .. 328,190 0 0 .. 328,190 0 0 1. Railway Improvement Autho- .. 1,133,923 1 6 .. .. 1,133,923 1 6 Works constructed from Grey- 47,508 0 0 .. 47,508 0 0 rization Act 1914 Account mouth Harbour Board funds 2. Public Works Fund: Railways .. 313,676 10 6 .. 55,659 19 9 369,336 10 3 Works constructed by provinces 1,787,741 0 0 .. 1,787,741 0 0 Improvements and additions and Midland Railway Co. at to open lines valuation Lake Wakatipu steamer service .. .. 31,560 14 11 .. .. 31,560 14 11 Road motor services .. .. .. .. 2,476 11 10 .. .. 62,606,698 10 2 2,458,265 13 5 65,064,964 3 7 Deduct assets written off .. .. .. 11,419 9 3 .. .. Deduct accrued depreciation 10,400,000 0 0 .. 10,400,000 0 0 69,338 5 7 Or. 8,942 17 5 60,395 8 2 and other losses of capital —— written 00 in accordance 58,242,183 13 3 .. 2,585,435 3 11 60,827,618 17 2 with subsection (2), section 23, of the Government Railways Amendment Act, 1931 Deduct accrued depreciation on 7,553,377 8 9 Deduct repayments to capital 762,612 9 4 .. 762,612 9 4 existing assets in respect of depreciation Less full life assets as at 31st 645,160 13 5 March, 1931, written off 51,444,086 0 10 2,458,265 13 5 53,902,351 14 3 6,908,216 15 4 306,052 19 4 7,214,269 14 8 Advances to Capital Account from .. 6,502 8 5 6,502 8 5 — — Working Railways Account 51,333,966 17 11 2,279,382 4 7 53,613,349 2 6 Outstanding liabilities —• Railways Department .. .. 117 13 0 117 13 0 Public Works Department .. .. 374 14 4 374 14 4 Add unexpended balances — 1. Depreciation reserve .. .. 146,982 11 1 .. 103,384 3 5 250,366 14 6 2. Assets Realization Account .. .. .. 45,630 13 0 45,630 13 0 51,480,949 9 0 .. 2,428,397 1 0 53,909,346 10 0 51,444,086 0 10 2,465,260 9 2 53,909,346 10 0 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].

WORKING RAILWAYS ACCOUNT—continued. General Balance-sheet as at 31st Mabch, 1934. Liabilities. Assets. Sundry creditors—• Sawmills, bush areas, and stocks £ s. d. £ s. d. General creditors (including £ s. d. £ s. d. of timber .. .. .. .. 205,341 9 10 unpaid wages) and credit Stores and material on hand — balances .. .. 586,439 14 7 Stores Branch .. .. 609,32Q 7 5 Government Departments.. 29,093 311 Subsidiary services .. 8,208 5 6 615,532 18 6 617,528 12 11 Collections for refund to— Sundry Assets— Harbour Boards, shipping Advertising Branch .. 26,554 6 5 companies, and other Refreshment Branch .. 30,562 15 8 carriers .. .. 9,822 17 4 Housing improvements .. 14,132 1 7 Government Departments.. 62 4 5 71,249 3 8 9,885 1 9 Sundry debtors — Items to be written off on Advances to capital .. 6,502 8 5 receipt of parliamentary Government Departments .. 8,885 15 8 authority .. .. .. .. 3,058 610 Advances: Housing scheme General reserve .. .. 1,144,552 17 8 under Government RailDepreciation reserve .. 250,366 14 6 ways Amendment Act, Assets realization .. .. 45,630 13 0 1927— Renewals reserve .. .. 660,544 18 6 Section 15 (2), State AdInsurance reserves— vances .. .. 9,195 0 0 Fire .. .. .. 73,996 22 Section 15 (5), Railway emWorkers' Compensation .. 26,997 17 8 ployees .. .. 2,080 15 2 Slips, Floods, and Accidents 89,573 0 7 Work in progress, sundry 2,291,662 4 1 debtors, and debit balances 69,176 9 0 Betterment reserve— 95,840 8 3 Refreshment Branch .. .. .. 3,983 13 11 Accrued interest on investments .. 4,239 19 0 Sick Benefit Fund .. .. .. .. 26,525 14 7 Outstanding at stations— Cash in hand .. .. 72,838 17 8 Freights, &c., owing by Government Departments .. 32,077 0 3 Freights, &c., owing by sundry debtors .. .. 119,804 8 1 224,720 6 0 Working Railways Investments .. 100,005 6 0 Sick Benefit Fund Investments .. 26,104 14 10 Cash in Working Railways Account .. .. .. .. 1,605,617 19 2 £2,950,647 19 8 £2,950,647 19 8 —— —. H. Valentine, F.R.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, subject to the above departmental note and to the exception that the cost of exchange in respect of payments made in London for the purposes of this account has not been charged to the account but has been borne by the Consolidated Fund.—G. F. C. Campbell, Controller and Auditor-General.

147

B.—l [PT. IV].

Net Revenue Account.

WORKING RAILWAYS ACCOUNT— continued. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1934.

148

II Year 1933-34. I Year 1932-33. . Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. j Net Revenue. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Railway operation .. .. .. .. .. 5,628,835 8 1 4,877,145 13 5 751,689 14 8 5,339,075 5 10 4,833,754 7 1 505,320 18 9 Lake Wakatipu steamers .. .. .. .. .. 9,616 17 4 9,610 7 2 6 10 2 7,864 8 10 8,199 13 10 Dr. 335 5 0 Refreshment service .. .. .. .. .. 73,657 6 1 72,871 12 11 785 13 2 69,505 0 4 66,576 15 4 2,928 5 0 Book-stall service .. .. .. .. .. 20,786 0 0 19,102 3 5 1,683 16 7 12,384 15 6 11,315 0 1 1,069 15 5 Advertising service .. .. .. .. .. 32,706 16 1 30,159 2 7 2.547 13 6 33,613 9 1 29,936 12 8 3,676 16 5 Dwellings .. .. .. .. .. .. 137,238 9 0 150,781 0 1 Dr. 13,542 11 1 137,575 4 8 145,786 9 5 Dr. 8,211 4 .9 Buildings occupied by refreshment service, bookstall proprietors, 15,749 1 2 10,666 7 4 5,082 13 10 16,224 4 10 10,166 9 7 6,057 15 ■ 3 &c. Road motor services .. .. .. .. .. 79,183 18 2 76,816 6 2 2,367 12 0 78,644 3 3 78,123 9 6 520 13 9 Miscellaneous revenue .. .. .. .. .. 334,937 13 6 .. 334,937 13 6 339,516 14 8 .. 339,516 14 8 6,332,711 9 5 | 5,247,152 13 1 6,034,403 7 0 5,183,858 17 6 Total net revnue to Net Reveenue Account .. .. .. j .. 1,085,558 16 4 .. j .. 850,544 9 6

Dr. 1933-34. 1932-33. Cr. 1933-34. 1932-33. £ s. d. £ s. d. £ s. d. £ s. d. To Interest charges .. .. .. .. 2,282,365 4 2 2,230,635 4 10 By Net earnings before charging interest on capital.. 1,085,558 16 4 850,544 9 6 Reduction on account of interest charges, vide 1,196,806 1 10 1,380,110 15 4 Section 14, Finance Act, 1930 2,282,365 4 2 J 2,230,655 4 10 2,282,365 4 2 2,230,655 4 10

B.—l [Pt. IV]

WORKING RAILWAYS ACCOUNT— continued. Income and Expenditure in respect of Railway Operation for the Year ended 31st March, 1934.

149

Per Cent, of *§ j Per Cent, of Operating Revenue. „ 2 . Operating Revenue. EXPENDITURE. 1933-34. 1932-33. REVENUE. 8 §2 1933-34. i 1932-33. 20 +3 1933-34. 1932-33. £ 1933-34. 1932-33. £ s. d. £ s. d. £ s. d. £ s. d. Maintenance of way and works .. .. 993,207 4 10 931,272 15 10 17-65 17-44 Passengers, ordinary .. .. 17 1,164,731 4 2 1,031,103 3 0 20-69 19-31 Maintenance of signals and electrical appliances 110,298 Oil 105,586 13 7 1-96 1-98 Passengers, season tickets .. 17 171,603 6 1 176,192 15 1 3-05 3-30 Maintenance of rolling-stock .. .. .. 1,220,101 12 6 1,188,474 15 3 21-68 22-26 Parcels, luggage, and mails .. 17 281,888 19 0 283,822 7 6 5-00 5-32 Examination, lubrication, and lighting of vehicles 52,376 18 5 52,651 16 5 0-93 0-99 Goods .. .. .. .. 17 3,911,244 12 11 3,745,777 5 0 69-49 70-16 Locomotive transportation .. .. .. 1,012,449 16 1 1,062,149 2 0 17-99 19-89 Labour, demurrage, &c. .. .. 17 99,367 5 11 102,179 15 3 1-77 1-91 Traffic transportation .. .. .. 1,253,833 3 7 1,255,279 10 1 22-27 23-51 General charges .. .. .. .. 58,943 12 11 61,251 19 0 1-05 1-15 £ s. d. Superannuation subsidy .. 183,770 8 2 Less amount allocated to subsidiary services, &c. .. 7,835 4 0 175,935 4 2 177,087 14 11 3-13 3-32 Total operating expenses .. .. 4,877,145 13 5 4,833,754 7 1 86-66 90-54 Net operating revenue .. .. 751,689 14 8 505,320 18 9 13-34 9-46 5,628,835 8 1 5,339,075 5 10 100-00 100-00 .. 5,628,835 8 1 5,339,075 5 10 100-00 100-00

B.—l [Pt. IV].

WORKING RAILWAYS ACCOUNT —continued. Income and Expenditure in respect of Lake Wakatipu Steamers.

Income and Expenditure in respect of Refreshment Service.

Income and Expenditure in respect of Book-stall Service.

150

Per Cent, of Per Cent, ol Revenue. Revenue. EXPENDITURE. 1933-34. 1932-33. ; REVENUE. 1933-34. 1932-33. 1933-34-1 1932-33. 1933-34. 1932-33 £ £ £ £ Salaries and wages, shore staff .. 869 829 9-04 10-54 Ordinary passengers .. 3,900 2,810 40-56 35-73 Salaries and wages, steamer staff 3,469 3,401 36'07 43-24 Season tickets .. .. 46 50 0-48 0-64 Coal and stores .. .. 1,478 1,541 15-36 19-60 Parcels, luggage, and mails .. 860 892 8-94 11-34 Repairs, steamers .. .. 1,697 733 17-65 9-31 Goods .. .. .. 4,790 4,083 49-81 51-92 Repairs, wharves, &c... .. 137 166 1-43 2-11 Miscellaneous .. .. 21 30 0-21 0-37 Insurance, depreciation, &c. .. 1,216 767 12-65 9-76 8,866 7,437 I 92-20 94-56 Operating profit .. .. 751 428 j 7-80 5-44 9,617 7,865 100-00 100-00 9,617 7,865 100-00 100-00 Payments to railway revenue — Operating profit .. .. 751 428 7-80 5-44 Interest on capital .. .. 744 763 7-74 9-70 Net profit .. .. .. 7 .. 0-06 .. Net loss .. .. .. .. 335 .. 4-26 751 763 7-80 9-70 751 763 7-80 9-70

Per Cent, of Revenue. EXPENDITURE. 1933-34. 1932-33. — — REVENUE. 1933-34. 1932-33. 1933-34. 1932-33. £ £ £ £ Salaries and wages .. .. 22,793 21,824 30-94 31-40 Receipts from refreshment-rooms .. 73,637 69,505 Provisions consumed .. .. 29,192 24,981 39-63 35-94 Light, fuel, and water .. 1,661 1,705 2-26 2-45 Renewals and depreciation .. 2,961 2,000 4-02 2-88 Insurance and miscellaneous .. 3,026 2,921 4-11 4-20 59,633 53,431 80-96 76-87 Operating profit .. .. 14,024 16,074 19-04 23-13 73,657 69,505 100-00 100-00 73,657 69,505 Payments to railway revenue— Interest on capital .. .. 1,124 1,129 1-53 1-62 Operating profit .. .. .. 14,024 16,074 Rent .. .. ..9,230 9,100 12-52 13-10 Freights and fares .. .. 2,884 2,917 3-92 4-19 Net profit .. .. .. 786 2,928 1-07 4-22 14,024 16,074 19-04 23-13 14,024 16,074

Per Cent, of Revenue. EXPENDITURE. 1933-34. 1932-33. : REVENUE. 1933-34. 1932-33. 1933-34.' 1932-33. £ £ £ £ Wages .. .. .. 1,894 1,249 9-11 10-08 Receipts .. .. .. • • 20,786 12,385 Stores .. .. .. 14,583 8,651 70-16 69-86 Miscellaneous .. .. 507 177 2-44 1-43 16,984 10,077 81-71 81-37 Operating profit .. .. 3,802 2,308 18-29 18-63 20,786 12,385 100-00 100-00 20,786 12,385 Payments to railway revenue— Rents .. .. ..2,079 1,238 10-00 9-99 Operating profit .. .. .. 3,802 2,308 Rail freights .. .. 39 .. 0-19 Net profit .. .. .. 1,684 1,070 8-10 8-64 3,802 2,308 18-29 18-63 3,802 2,308

B.—l [PT. IV],

WORKING RAILWAYS ACCOUNT—continued. Income and Expenditure in respect of Advertising Service.

Income and Expenditure in respect of Departmental Dwellings.

Income and Expenditure in respect of Buildings occupied by Refreshment Service, Book-stall Proprietors, etc.

151

Per Cent, of Revenue. EXPENDITURE. 1933-34. 1932-33. —- REVENUE. 1933-34. 1932-33 1933-34. 1932-33. £ £ £ £ Salaries, wages, and allowances 6,068 5,531 18-55 16-45 Advertising-signs, publications, &e. .. 32,707 33,613 Stores and materials .. ■ .. 1,229 1,100 3-76 3-27 Office and general expenses .. 2,351 2,144 7-19 6-37 Insurance and depreciation .. 9,256 10,097 28-30 30-05 Reserve—Commission .. 129 .. 0-39 19,033 18,872 58-19 56-14 Operating profit .. .. 13,674 14,741 41-81 43-86 32,707 33,613 100-00 100-00 32,707 33,613 Payments to railway revenue— Interest on capital .. .. 1,261 1,413 3-86 4-20 Operating profit .. .. .. 13,674 14 741 Rent of premises and sites .. 8,690 8,607 26-57 25-61 Commission .. .. 786 780 2-40 2-32 Freights .. .. .. 389 264 1-19 0-79 Net profit .. .. .. 2,548 3,677 7-79 10-94 13,674 14,741 41-81 43-86 13,674 14,741

Per Cent, of Revenue. EXPENDITURE. 1933-34. 1932-33. REVENUE. 1933-34. 1932-33. 1933-34. 1932-33. £ £ £ £ Wages and charges .. .. 34,194 31,702 24-92 23-04 Rentals .. .. .. 137 238 137 575 Materials .. .. .. 14,648 12,036 10-67 8-75 Insurance .. .. .. 3,648 3,724 2-66 2-71 Depreciation .. .. 30,059 28,867 21-90 20-98 82,549 76,329 60-15 55-48 Operating profit .. .. 54,689 61,246 39-85 44-52 137,238 137,575 100-00 100-00 137,238 137,575 Payments to railway revenue— Operating profit .. .. . 54 689 246 Interest .. .. .. 68,232 69,457 49-72 50-49 Net loss .. .. .. .. 13,543 8,211 68,232 69,457 49-72 50-49 68,232 69,457'

Per Cent, of * Revenue. EXPENDITURE. 1933-34. 1932-33. REVENUE. 19.33-34. 1932-33. 1933-34. 1932-33. £ £ £ £ Wages and charges .. .. 1,004 607 6-38 5-66 Rentals .. .. . 15 749 16 224 Materials .. .. .. 299 196 1-90 1-21 Insurance and depreciation .. 3,373 3,375 21-43 18-88 4,678 4,178 29-71 25-75 Operating profit .. .. 11,071 12,046 70-29 74-25 15,749 16,224 100-00 100-00 15,749 16,224 Payments to railway revenue— Operating profit .. .. .. 11,071 12 046 Interest .. .. .. 5,988 5,988 38-02 36-91 Net profit .. .. .. 5,083 6,058 32-27 37-34 11,071 j 12,046 70-29 74-25 11,071 12,046

B.—l [Pt. IV].

WORKING RAILWAYS ACCOUNT—continued. Income and Expenditure in respect of Road Motor Services.

Railway Employees' Sick Benefit Society.

152

Per Cent, of ! Per Cent, of Revenue. Revenue. EXPENDITURE. 1933-34. 1932-33. : » REVENUE. 1933-34. 1932-33. -— j 1933-34. 1932-33. 1933-34.) 1932-33. £ £ £ £ Superintendence — Salaries and 6,104 5,876 7-71 7-47 Passengers.. .. .. 77,920 77,529 98-41 98-58 office expenses Parcels and mails .. .. 1,213 1,016 1-53 1-29 Maintenance charges .. .. 14,264 11,537 18-01 14-67 j Advertising .. .. 51 99 0-06 0-13 Running-expenses .. .. 36,874 39,325 46-57 50-00 License fees .. .. .. 2,902 2,814 3-66 3-58 Insurance and depreciation .. 15,045 16,694 19-01 21-23 75,189 76,246 94-96 96-95 Operating profit .. .. 3,995 2,398 5-04 3-05 79,184 78,644 100-00 100-00 79,184 78,644 100-00 100-00 Payments to railway revenue— , Operating profit .. .. 3,995 2,398 5-04 | 3-05 Interest on capital .. .. 1,627 1,877 2-05 2-39 Net profit .. .. •• 2,368 521 2-99 0-66 3,995 2,398 5-04 3-05 3,995 2,398 5-04 3-05

Income and Expenditure. Expenditure. 1938-34. 1932-33. Income. 1933-34. 1932-33. £ £ £ £ To Sick pay paid to members .. .. 19,615 18,310 By Contributions .. .. .. .. 16,063 16,229 Balance carried down, being excess of income 5,306 6,604 Entrance fees .. .. .. .. 81 37 over expenditure Interest on investments .. .. 777 648 Subsidy as per section 5, subsection (1), of 8,000 8,000 Government Railways Amendment Act, 1928, charged to Working Railways Account 24,921 24,914 24,921 24,914 To Balance accumulated funds as at 31st March 26,520 21,214 By Accumulated funds brought forward on 21,214 14,610 1st April Balance brought down.. .. .. 5,306 6,604 26,520 21,214 26,520 21,214 Balance-sheet. Liabilities. £ £ Assets. £ £ Accumulated funds .. .. .. 26,520 21,214 Investments .. .. .. .. 26,105 20,628 Sick pay due not paid .. .. .. 9 6 Cash in Working Railway Account .. .. 421 592 Contributions outstanding at 31st March .. 3 26,529 21,220 26,529 21,220

B — 1 [PT. IV].

WORKING RAILWAYS ACCOUNT—continued. RENEWALS, DEPRECIATION, AND EQUALIZATION RESERVE ACCOUNTS. General Reserve Account. | £ s. d. I By Balance .. .. .. ..£1,144,552 17 8 Insurance Reserve Account. Expenditure. £ s. d. Income. £ s. d. To Losses .. .. .. .. .. 3,472 3 1 By Balance from previous year ~ .. 64,754 110 Upkeep Railway fire brigades and fire appliances 1,585 14 4 Premiums debited to working-expenses .. 14,299 17 9 Balance .. .. .. .. .. 73,996 22 £79,053 19 7 £79,053 19 7 By Balance.. .. .. .. .. 73,996 22 Workers' Compensation Reserve Account. Expenditure.. £ a. d. Income. £ s. d. To Accident payments .. .. .. 27,117 5 4 By Balance from previous year .. .. 20,222 2 3 Balance .. .. .. .. .. 26,997 17 8 Premiums debited to working-expenses .. 33,893 0 9 £54,115 3 0 £54,115 3 0 By Balance .. .. .. .. £26,997 17 8 Slips, Floods, and Accidents Equalization Reserve Account. Expenditure. £ s. d. Income. £ s. d. To Repairs to bridges, slips, and washouts .. 6,215 9 1 By Balance from previous year .. .. 76,042 9 8 Balance .. .. .. .. .. 89,573 0 7 Contributions debited to working-expenses .. 19,746 0 0 £95,788 9 8 £95,788 9 8 By Balance.. .. .. .. .. £89,573 0 7 Betterments Reserve Account. £ s. d. £ s. d. To Refreshment Branch .. .. .. 14 16 10 By Balance from previous year .. .. 3,998 10 9 Balance .. .. .. .. .. 3,983 13 11 £3,998 10 9 £3,998 10 9 By Balance.. .. .. .. .. £3,983 13 11 Renewals Reserve Account. Expenditure. £ s. d. Income. £ s. d. To Relaying of track .. .. .. 108,935 18 10 By Balance from previous year .. .. 565,562 0 6 Signal and electrical equipment .. .. 25,284 3 2 Contributions debited to working-expenses .. 226,813 0 0 Balance .. .. .. .. .. 660,544 18 6 Interest .. .. .. .. .. 2,390 0 0 £794,765 0 6 £794,765 0 6 i By Balance.. .. .. .. ..£660,544 18 6 Depreciation Reserve Account. Expenditur». £ s. d. Income. £ s. d. To Way and works .. .. .. .. 26,814 19 6 By Balance .. .. .. .. .. 146,982 11 1 Rolling-stock .. .. .. .. 289,208 1 9 Contributions debited to working-expenses— Road motors .. .. ~ .. 2,476 11 10 Bridges .. .. .. .. 53,625 0 0 Bridges .. .. .. .. .. 47,417 6 11 Operating buildings .. .. .. 37,551 0 0 Operating buildings .. .. .. 6,462 1 9 Dwellings .. .. .. .. 29,229 0 0 Refreshment, advertising, bookstalls, and road Head Office buildings and plant .. .. 1,579 0 0 motor buildings.. .. .. .. 597 12 5 Refreshment, advertising, bookstalls, and Workshops buildings and plant .. .. 3,158 19 6 road motor buildings .. .. .. 3,063 0 0 Locomotive running and car and wagon depots Stores, buildings, and plant .. .. 3,155 0 0 plant .. .. .. .. .. 3,215 9 2 Workshops buildings and plant .. .. 33,440 0 0 Balance .. .. .. .. .. 250,366 14 6 Locomotive running and car and wagon depots plant .. .. .. .. 1,968 0 0 Rolling-stock .. .. .. .. 305,633 17 0 Lake Wakatipu service .. .. .. 482 0 0 Road motor services .. .. .. 13,009 9 3 £629,717 17 4 £629,717 17 4 By Balance.. .. .. .. ..£250,366 14 6

20— B. 1 [PT. IV].

153

15. --1 [Pt, IV].

GOVERNMENT FIRE INSURANCE FUND. (Established under Section 133 of the Public Revenues Act, 1920.) Revenue Account foe the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s. d. To Accumulated Fund as at Ist April, 1933 .. 44,846 14 11 By Claims— Public Trust Office : Interest on balance at credit 1,695 0 5 Defence Department .. .. .. 28 18 7 Education Department .. .. .. 3,199 S 2 Police Department .. .. .. 102 0 0 Public Works Department .. .. 388 16 0 Accumulated fund as at 31st March, 1934 .. 42,822 15 7 £46,541 15 4 £46,541 15 4 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. £ s. d. Accumulated fund as at 31st March, 1934 .. 42,822 15 7 Amount invested in the Common Fund of the Outstanding claims .. .. .. .. 3,036 14 0 Public Trust Office .. .. .. .. 45,713 5 1 Sundry debtors for claims overpaid . . . . 146 4 6 £45,859 9 7 £45,859 9 7 Contingent liabilities : Estimated value of Govern- £ s. d. ment buildings at Napier destroyed by fire during the earthquake on 3rd February, 1931, which will become a claim on the fund if it is decided to rebuild .. .. .. •. .. 11,500 0 0 Estimated cost of replacing Defence Department buildings destroyed by fire .. .. .. 4,490 0 0 Estimated cost of replacing Runanga School building destroyed by fire .. ~ .. 5,000 0 0 £20,990 0 0 B. C. Ashwin, for Accountant to the Treasury. I hereby certify that the Revenue Account ancl 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.

154

B.—l [PT. IV].

LANDS AND SURVEY DEPARTMENT. SECONDARY EDUCATION ENDOWMENT ACCOUNT. Receipts and Payments Account foe the Year ended 31st March, 1934. Receipts. £ s. d. Payments. £ s. d. To Balance in Deposit Account, Ist April, 1933— By Payments to secondary schools .. .. 10,487 14 S £ s. d. Administration expenses .. .. .. 523 14 9 Cash .. .. .. 4,249 11 7 Maintenance and repairs .. .. .. 10 3 9 Investments .. .. 600 0 0 Refunds of revenue .. .. .. 0 8 5 4,849 11 7 Balance in Deposit Account Rents under section 30, Education Reserves at 31st March, 1934 — £ s. d. Act, 1928 .. .. .. .. 12,207 9 9 Cash .. .. .. 5,493 16 8 Interest on investments .. .. .. 30 19 6 Investments .. .. 600 0 0 Interest on cash and investments held by Public 6,093 16 8 Trustee .. .. .. .. 27 17 2 £17,115 18 0 £17,115 18 0 Revenue Account for the Year ended 31st March, 1934. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 612 19 7 By Accrued rent .. .. .. .. 12,984 17 8 Remissions .. .. .. .. 687 5 8 Interest on cash held by Public Trustee .. 27 17 2 Remissions under Mortgagors and Tenants Interest on investments .. .. .. 23 16 7 Relief Act, 1933 .. .. .. 142 14 10 Repairs and Maintenance .. .. .. 33 16 4 Payments to Secondary Schools .. .. 10,487 14 5 Balance carried down .. .. .. 1,072 0 7 £13,036 11 5 £13,036 11 5 To Adjustment on account of previous year, £ s. d. £ g. d. Hawke's Bay District .. .. .. 0 16 By Balance from previous year .. .. 10,026 14 8 Adjustment on account of capital .. .. 1,980 3 5 Balance brought down .. .. .. 1,072 0 7 Balance .. .. .. .. .. 9,118 10 4 £11,098 15 3 | £11,098 15 3 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 210,382 12 9 Endowment lands — £ s. d. £ s. d. Appreciation in land-values .. .. .. 52,331 17 3 Leased .. .. .. 245,428 311 Public Works Eund : Roading (section 17, Land Unleased .. .. .. 17,572 6 2 Laws Amendment Act, 1927) .. .. 2,235 17 11 263,000 10 1 Sundry creditors — £ s. d. Sundry debtors for rent .. .. .. 6,167 19 0 Rents .. .. .. 88 0 2 Postponed rent .. .. .. .. 1,093 17 2 Departmental .. .. 218 11 0 Interest accrued but not due on investments .. 217 10 306 11 2 Losses in suspense .. .. . . . . 9 2 6 Rents charged in advance .. .. .. 2,779 15 6 Cash held by Public Trustee .. .. .. 796 4 2 Writings-off in suspense .. .. .. 9 2 6 Cash in Public Account at 31st Revenue Account balance .. .. .. 9,118 10 4 March, 1934: Deposits Account— £ s. d. Cash .. .. .. 5,493 16 8 Investments .. .. 600 0 0 6,093 16 8 £277,164 7 5 £277,164 ~5 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, 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. The following comments are appended : (1) The charges on land with respect to expenditure under section 47 of the Land for Settlements Act, 1925, or the corresponding provisions of any former Act, have not been abolished as required by section 17 (5) (6) of the Land Laws Amendment Act, 1927. (2) To avoid delay the accounts of some land districts, the audits of which have not been completed by the local Audit Inspectors, have been accepted from the Department's records.—J. H. Fowler, Deputy Controller and Auditor-General.

155

B. —1 [PT. IV],

MISCELLANEOUS ADVANCES FROM CONSOLIDATED FUND. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Balance .. .. .. ... .. 9,118 13 4 By Interest on advances .. .. .. 9,047 19 4 Surplus from Pukekawa Land Settlement Association .. .. .. .. .. 70 14 0 £9,118 13 4 £9,118 13 4 Balance-sheet as at 31st March, 1934. Liabilities. £ s. d. Assets. Advances from Consolidated Fund .. .. 656,111 0 3 Bearing interest — £ s. d. £ s. d. Sundry creditor .. .. .. .. 2 0 0 State Forests Account .. 87,405 3 4 Writings-off in Suspense .. .. .. 1,563 6 7 Southland Electric-power Board 15,000 0 0 Excess of income over expenditure .. .. 9,118 13 4 Land-settlement associations .. 143,905 10 9 246,310 14 1 Non-interest bearing — Rural Intermediate Credit Board 400,850 0 0 Sundry .. .. .. 7,388 19 7 408,238 19 7 Losses in Suspense Account .. .. . • 1, 563 6 7 Interest due and unpaid .. .. .. 3,492 0 0 Accrued interest .. .. .. . ■ 4,347 2 9 Treasury Adjustment Account .. .. 2,842 17 2 £666,795 0 2 £666,795 0 2 B. C. Ashwin, for 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 —J. H. Fowler, Deputy Controller and Auditor-General.

156

B.—l [PT. IV].

NAVAL DEFENCE. Income and Expendituee Accounts fob the Year ended 31st Maech, 1934. Expenditure. Income. £ s. d. £ s. d. £ s. d. By Purchases of discharge .. .. .. 4 0 0 To Pay and salaries .. .. 200,454 0 6 Rents of Buildings .. .. .. 371 17 4 Add writings-off .. 9 5 3 Balance .. .. .. .. 392,735 18 6 200,463 5 9 Clothing and victualling .. 35,093 0 4 Add writings-ofi .. 35 16 0 35,128 16 4 Medical services .. .. 2,61719 5 Add writings-off .. 5 14 5 2 623 13 10 Calliope Dock subsidy .. .. 3,525 0 0 Repairs to H.M. ships .. .. 21,277 1 9 Coal and oil fuel .. .. .. 17,153 14 9 Lighting and electricity .. .. 2,232 0 1 Oiler" Nucula. .. .. 3,440 3 8 Stores, Naval .. .. 10,171 4 0 Add writings-off .. 48 12 10 10,219 16 10 Armament stores.. .. .. 8,995 16 10 Base stores .. .. . . 307 2 8 Reserves (various) .. 9,567 15 1 Add writings-off .. 0 5 6 9,568 0 7 Works at Base .. .. .. .. 1,884 3 9 Freight.. .. .. .. .. 6,581 6 8 Office fittings .. .. .. . . 59 12 5 Passages .. .. .. .. 21,889 6 6 Postages. .. .. .. .. 263 6 6 Printing and stationery .. .. .. 479 4 8 Training in England and Australia .. .. 2,737 15 7 Deferred pay .. .. .. .. 36,476 10 3 Miscellaneous effective services .. .. 1,742 10 4 Miscellaneous non-effective services .. 1,098 11 10 Rental assessment .. .. .. 419 0 0 Depreciation .. .. .. .. 4,545 14 3 £393.111 15 10 £393,111 15 10 £ s. d. £ s. d. To Balance brought down .. .. .. 392,735 18 6 By Recoveries on account of expenditure of Contribution to Singapore Base .. .. 100,000 0 0 previous years.. .. .. .. 328 5 8 Interest on capital .. .. .. 11,787 12 4 Balance .. .. .. .. 504,195 5 2 £504,523 10 10 £504,523 10 10 To Balance .. .. .. .. £504,195 5 2 The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value assessed by Public Works Department; (b) interest at 4J per cent, on capital as at Ist April, 1933 ; interest at 2J per cent, on net increase to capital during the year 1933-34. No charge for the cost of exchange on payments made in London is included in the account. Balance-sheet as at 31st Maech, 1934. Liabilities. £ s. d. Assets. £ s. d. Capital Account, 31st March, 1934 ... .. 266,399 12 4 Land at Devonport .. .. .. .. 26,693 12 0 Sundry creditors — £ s. d. Buildings .. .. .. .. .. 59,221 14 4 Departmental .. .. 511 9 6 Plant and fittings .. .. .. .. 42,976 19 6 Other .. .. .. 12,564 0 6 Stores Accounts — £ s. d. 13,075 10 0 Victualling stores and clothing 12,215 0 10 Depreciation reserve .. .. .. 26,714 8 4 Naval and armament .. 114,456 1 2 Amounts held on deposit— £ s. d. Coal and oil fuel .. .. 10,373 7 9 Postal orders .. .. 119 2 6 Medical stores .. .. 412 0 0 Remittances .. .. 2,375 14 6 137,456 9 9 Naval Savings-bank .. 161 13 8 Stationery .. .. .. .. .. 43 18 1 Deferred pay .. .. 82,092 9 11 Stamps on hand .. .. .. .. 6 18 8 • —-— 84,749 0 7 Sundry debtors : Departmental .. .. 12 0 0 Writings-off, Suspense Account .. .. 78 4 2 Deposit Accounts — £ s. d. Treasury Adjustment Account .. .. 464,417 6 10 Postal orders .. .. 119 2 6 Remittances .. 2,375 14 6 Naval Savings-bank .. 161 13 8 Deferred pay .. .. 82,092 9 11 84,749 0 7 Assets in Suspense . . . . . . .. 78 4 2 Excess of expenditure over income .. .. 504,195 5 2 £855,434 2 3 £855,434 2 3 R. F. Durman, Naval 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.—J. H. Fowleb, Deputy Controller and Auditor-General.

157

B.—l [PT. IV].

THE NEW ZEALAND BROADCASTING BOARD. Revenue Account for the Year ended 31st December, 1933. Expenditure. Income. £ s. d. To Expenditure on programmes, including payments to artists, performing rights, £ s. d. By License fees .. .. .. .. .. .. .. .. 124,942 1 4 relay lines, music, salaries and expenses of programme staff, records, Net interest .. .. .. .. .. .. .. .. 686 16 3 stationery, and sundry miscellaneous items .. .. .. .. 39,450 4 9 Maintenance of plant, power, salaries of engineering and operating staffs .. 7,796 12 7 General expenses, including rent, rates, insurance, lighting, heating, legal, audit, printing, stationery, salaries and wages, telephones, travelling-expenses, repairs and maintenance of buildings, and sundry miscellaneous charges 10,875 16 8 Administration salaries and expenses, including expenses of Advisory Council .. 6,037 0 9 Subsidies to "B" stations .. .. .. .. .. .. 2,619 10 0 Arbitration expenses (written off) .. .. .. .. .. 567 7 6 Depreciation of assets .. .. .. .. .. .. .. 17,889 3 2 Appropriation towards meeting capital expenditure .. .. .. 38,000 0 0 Balance .. .. .. .. .. .. .. .. 2,393 22 £125,628 17 7 £125,628 17 7 Balance-sheet as at 31st December, 1933. Liabilities. Assets. Accumulated Fund— £ s. d. £ s. d. Land and buildings— £ s. d. £ s. d. Balance of Revenue Account at 31st December, 1932 .. 2,357 0 0 Value at Ist January, 1933, less depreciation .. .. 2,065 4 5 Appropriation from Revenue Account towards meeting capital Additions during 1933 at cost, less depreciation .. .. 22,305 8 7 expenditure .. .. .. .. .. 38,000 0 0 24,370 13 0 40,357 0 0 Machinery and plant— Reserve for renewals and replacements .. .. .. .. 14,000 0 0 Value at Ist January, 1933, less depreciation .. .. 15,393 2 9 Liability to Post and Telegraph Department, fixed by Minister of Additions during 1933 at cost, less depreciation .. .. 11,960 2 0 Telegraphs as price of assets acquired .. .. .. 59,839 17 2 27,353 4 9 Less repayments, as per agreement .. .. .. 10,039 17 2 Office and studio equipment— 49,800 0 0 Value at Ist January, 1933, less depreciation .. .. 7,188 8 8 Sundry creditors .. .. .. .. .. .. .. 15,814 18 5 Additions during 1933 at cost, less depreciation .. .. 805 12 11 Revenue Account: Balance at 31st December, 1933 .. .. .. 2,393 22 7,994 1 7 "B" Station equipment acquired 4th December, 1933 .. .. .. 3,800 0 0 Stocks on hand and works in progress .. .. .. .. 288 3 11 Sundry debtors and prepayments .. .. .. .. .. 1,098 3 1 Post and Telegraph Department— License Pees Account .. .. .. .. .. 28,442 1 4 Investment Account .. .. .. .. 23,000 0 0 51,442 1 4 Cash at bank and in hand—• At bank .. .. .. .. .. .. 5,933 12 11 In hand .. .. .. .. .. .. 85 0 0 6,018 12 11 £122,365 0 7 £122,365 0 7 H. D. Vickery, Chairman. Geo. R. Hutchinson, 1 , T , ~, ~ Leslie Macfarlane, j-Members of the Board. E. C. Hands, General Manager. 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.

158

B.—l [Pt. IV].

RESERVE FUND ACCOUNT. Income and Expenditure Account foe the Year ended 31st March, 1934. Expenditure. £ B . d. Income f 1 To Excess of income over expenditure .. .. 28,501 3 4 By Interest on investments .'. " .. .. 16,067 4 1 Interest on loans (section 38 (o), Hawke's Bay Earthquake Act, 1931) .. .. 12,433 19 3 £38 ' 501 3 4 £28,501 3 4 Balance-sheet as at 31st March, 1934. Liabilities. £ s . d. AsseU Capital, Ist April, 1933 1,256,508 13 7 Investment Account— ' jess Nominal Value. Administration expenses £ s. d. £ s d (section 39, Hawke's Bay £ s. d. 284,840 14 0 British Conversion Loan, 1944-64 290 893 11 5 Earthquake Act, 1931) .. 22 8 3 38,171 8 4 India stock .. 36 808 1] 11 Grants to earthquake sufferers (section 38 (a), 323,012 2 4 337 702 3 4 Hawke's Bay Earthquake Interest accrued on investments .. .. "6 164 (') 4 Act, 1931) .. .. 1,005 17 7 Hawke's Bay Earthquake Act, 1931 — 1,028 510 Loans to earthquake sufferers, section 38 (a) 677,406 10 2 Loans to local authorities, section 38 (b) .. 236'305 0 6 1,255,480 7 9 j Interest overdue on loans .. .. 18 3 Sundry creditor .. .. .. 100 q 0 Interest accrued on loans .. 4 6 9 2 ]] ] Suspense Account .. .. .. 504 6 6 Debtors— £ g . d. Instalments not allocated .. .. .. 129 H 2 Sundry .. .. .. 21] 12 4 Write off in Suspense .. .. .. 72 3 4 Departmental .. . . 4,450 0 0 Excess of income over expenditure for the year 4 661 19 4 ended 31st March, 1934 .. .. .. 28,501 3 4 Losses in Suspense Account .. .. ' 72 3 4 Treasury Adjustment Account .. .. 13,634 6 7 Cash in State Advances Account .. .. 5 097 22 Cash in Public Account . . . . 7' 152 4 0 £1,284,837 12 1 £1,284,837 12 1 B. C. Ashwin, for 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.—J. H. Fowler, Deputy Controller and Auditor-General.

159

B.—l [PT. IV],

DEPARTMENT OF SCIENTIFIC AND INDUSTRIAL RESEARCH. DOMINION OBSERVATORY. Income and Expenditure Account foe the Year ended 31st Maech, 1934. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. ■■ •• •• 976 16 10 By Balance carried down .. .. .. 2,511 1 1 Equipment and repairs .. .. " • • 47 5 1 General expenses .. .. • • • ■ 525 17 9 Grounds maintenance .. • • • • 15 0 0 Observing stations, establishment and maintenance of .. . • •• • • ■ • 15 12 1 Rent .. .. • ■ • • • • 613 0 0 Provision for depreciation .. .. • • 317 9 4 £2,511 1 1 £2,511 1 1 £ s. d. To Balance brought down .. .. •• 2,511 1 1 £ B - • Interest on capital 195 3 1 By Excess of expenditure over income .. .. 2,706 4 2 £2,706 4 2 £2,706 4 2 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 on capital. MAGNETIC OBSERVATORY. Income and Expenditure Account foe the Year Ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Salaries .. . • •• •• •• 1,428 511 By Balance carried down .. .. •• 1,843 13 11 Fuel and light . • • • • • • • 31 4 3 Instruments and equipment .. • • 82 0 4 Observatories, maintenance of .. • • 36 13 5 Office fittings and requisites .... 0 2 5 Postage and telegrams .. • • • ■ 10 0 0 Printing and stationery . • • • • • Irk Telephone expenses .. • • • • J? ,5 o Travelling allowances and expenses .. .. 54 17 J Provision for depreciation .. .. • • 174 7 4 £1,843 13 11 £1,843 13 11 £ s. d. d To Balance brought down .. •• 1,843 13 11 . , QF . g f ' Interest on capital 108 6 9 By Excess of expenditure over income .. .. 1,952 0 8 £1,952 0 8 £1,952 0 8 Note.—The following charge is included for which the Department possesses no parliamentary appropriation: Interest on capital. APIA OBSERVATORY. Income and Expenditure Account for the Year ended 31st March, 1934. £ s. d. £ s - d. mo„ .... 1,447 4 2 By Contributions .. .. .. •• 1,356 11 6 Books and publications 17 13 4 Balance carried down 447 17 5 General expenses .. • • • • ■ • 1 29 5 3 Instruments and equipment »1 8 1 Maintenance of buildings .. . • • • 25 19 3 Office requisites .. •• •• on ii 9 Printing and stationery .. • • • • 00 2 r Provision for depreciation . . • • • • 38 4 5 £1,804 8 11 £1,804 8 11 £ s. d. £ s d T ° interest on°cfpita1 OWn "5 By Excess of expenditure over income .. .. 475 210 £475 2 10 £475 2 10 Note.—The following charge is included for which the Department possesses no parliamentary appropriation: Interest on capital.

160

B.—l [PT. IV],

DEPARTMENT OF SCIENTIFIC AND INDUSTRIAL RESEARCH—continued. DOMINION LABORATORY. Income and Expenditure Account for the Year ended 31st March, 1934. ™ ,■ , Expenditure. £ s . d. Iwo me. ' £ s. d. Vr V • r"i " " " 6 > 037 17 6By Analysis fees .. .. .. .. 288 17 0 Books and periodical papers .. .. 49 8 7 Balance carried down .. 9 568 10 8 Chemicals, apparatus, and repairs to apparatus 936 14 9 " ° Collection of analysis fees .. .. .. 22 6 Freight and cartage .. .. .. 141 17 9 Fuel, light, power, water .. .. .. 411 18 1 Laboratory accommodation and maintenance 41 4 1 Office fittings and requisites .. .. I 14 9 Postage, telegrams, rent of box .. .. 40 6 0 Printing and stationery .. .. .. 144 12 5 Kent .. . . .. .. .. 1,167 12 6 Subscriptions to technical societies .. .. 53 18 2 Telephone services .. .. .. 92 12 9 Travelling allowances and expenses .. .. 37 5 10 Provision for depreciation .. .. .. 651 14 4 Losses: Laboratory appliances broken and otherwise rendered useless .. .. 46 7 8 £9 ' 857 7 8 £9,857 7 8 To Balance brought down 9,568 10 8 By Excess of expenditure over income .. .. KMJIO 18 Interest on capital .. .. .. 442 8 0 ' £10,01.0 18 J5 £10,010 18 8 Note. The foUowmg charges are included for which the Department possesses no parliamentary appropriation: (a) Rental value as assessed by the Public Works Department for Head Office, and Christchurch Branch, £1,010 ; (6) interest on capital. GEOLOGICAL SURVEY. Income and Expenditure Account for the Year ended 31st March, 1934. o , . Expenditure. £ s . d. Inco me. £ s . d. To Salaries .. .. .. .. 3 ; 842 7 7 By Sale of bulletins and maps .. . 341 7 9 Books and periodical papers 29 3 4 Balance carried down " 9 I-K'lil expenses .. .. .. .. 232 12 5 •• .. a u Freight and cartage .. .. .. 26 2 4 Fuel and light .. .. .. . 45 19 2 Instruments and outfit allowance .. .. 152 12 11 Office accommodation and maintenance .. 9 114 Office fittings and requisites .. .. .. 19 6 Postage, telegrams, rent of box .. .. 24 15 0 Printing and stationery .. .. ~ 33 12 2 Rent • • •• * • • .. .. 317 0 Ō Telephone services .. .. .. .. 25 15 0 Travelling allowances and expenses .. .. 129 010 Wages of field hands .. .. .. 242 12 11 Provision for depreciation .. .. .. 359 7 8 Losses: Equipment broken, lost, or destroyed.. 3 15 1 £5,475 17 3 £5,475 17 3 To Balance brought down 5,134 9 *6 By Excess of expenditure over income .. 5 772 15 *8 Interest on capital .. .. .. .. 638 6 2 ° £5,772 15 8 | '£5,772 15 8 NoxE.-The following charges are included for which the Department possesses no parliamentary appropriation: (a) Rental value as assessed by Public Works Department; (6) interest on capital. METEOROLOGICAL OFFICE. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure £ s . d. Income f a rl To Salaries 2,802 8 6 By Balance carried down .. 7 315 4 5 Books and periodical papers.. .... 18 6 1 " ' Fuel and light .. .. .. .. 33 17 8 Grant to relative of deceased officer .. .. 28 18 1 Instruments : Purchase and repairs .. .. 82 16 3 Observatories, maintenance and establishment of 141 8 0 Office cleaning .. .. .. .. 6 0 0 Office fittings and requisites .. .. .. 12 2 5 Postage, telegrams, broadcasting weather messages and reports .. .. .. 3,148 12 10 Printing and stationery .. .. .. 257 12 8 Rent .. .. .. .. .. 230 0 0 Telephone services .. .. .. .. 64 5 0 Travelling allowances and expenses .. .. 105 10 0 Provision for depreciation .. .. .. 358 5 2 Losses : Equipment broken, lost, or destroyed 25 1 9 £7 ' 315 4 5 £7,315 4 5 To Balance brought down 7,315 4*5 By Excess of expenditure over income . 7 509 17 *7 Interest on capital .. .. .. .. 194 13 2 " ' ' £7 - 509 I 7 £7,509 17 7 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 on capital.

21— B. 1 [PT. IV].

161

B.—l [PT. IV],

DEPARTMENT OF SCIENTIFIC AND INDUSTRIAL RESEARCH—continued. HEAD OFFICE. Income and Expenditure Account foe the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 2,994 10 1 By Balance carried down .. .. .. 5,094 10 10 Books and periodical papers .. .. 35 7 3 Advisory Council: Honoraria, travelling allowances and expenses .. .. .. 460 19 8 Freight and cartage .. .. .. 0 8 10 Fuel and light .. .. .. .. 42 10 5 Grant to New Zealand Standards Institute for preparation of building code .. .. 200 0 0 Legal fee.. .. .. .. .. 0 10 6 Messenger service, London .. .. .. 0 2 8 National Research Scholarships .. .. .183 6 8 New Zealand Journal of Science and Technology 264 3 8 Office accommodation and maintenance .. 12 16 5 Office fittings and requisites .... 8 3 10 Postage, telegrams, rent of box . . .. 146 7 7 Printing and stationery .. .. .. 184 7 2 Rent .. .. .. .. .. 196 0 0 ■ Telephone services .. .. .. 71 5 7 Travelling allowances and expenses of staff .. 229 11 5 Provision for depreciation .. .. .. 63 19 1 £5,094 10 10 £5,094 10 10' £ s. d. £ s. d. To Balance brought down .. .. .. 5,094 10 10 By Excess of expenditure over income .. .. 5,200 3 6 Interest on capital .. .. .. 105 12 8 £5,200 3 6 £5,200 3 6 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 on capital. RESEARCH INVESTIGATIONS. Income and Expenditure Account for the Year ended 31st March, 1934. Expenditure. £ s. d. Income. £ s. d. To Canterbury Agricultural College .. .. 4,768 0 0 By Contributions .. .. .. .. 12,992 10 6 Dairy .. .. .. .. 10,411 9 6 Miscellaneous recoveries .. .. .. 5,290 10 1 Flax .. .. .. .. .. 351 9 8 Balance carried down .. .. .. 19,397 10 7 Fruit .. .. .. .. .. 3,687 19 2 Fuel . . .. .. .. .. 396 18 0 General .. .. .. .. .. 727 11 7 Geophysical Prospecting .. .. .. 3,413 17 2 Imperial Agricultural Research Bureaux .. 1,394 0 0 Leather, hides, and pelts .. .. .. 1,308 0 7 Mineral content of pastures and soil survey .. 1,900 9 7 New Zealand Institute .. .. .. 500 0 0 Plant .. .. .. .. .. 4,149 II 0 Wheat .. .. .. .. .. 3,324 5 6 Wool .. .. .. .. .. 81 17 6 Provision for depreciation .. .. .. 1,074 15 7 Losses: Equipment broken and. unserviceable 190 6 4 £37,680 11. 2 £37,680 11 2 £ s. d. £ s. d. To Balance brought down .. .. .. 19,397 10 7 By Excess of expenditure over income .. ... 20,254 17 3 Interest on capital .. .. .. 857 6 8 £20,254 17 3 £20,254 17 3 ====================== —- ... .. .. =. Note. —The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value of Leather Research premises as assessed by Public Works Department; (b) interest on capital.

162

DEPARTMENT OF SCIENTIFIC AND INDUSTRIAL RESEARCH— continued. Balance-sheet as at 31st March, 1934.

B.—l [PT. IV],

No part of the premium on conversion of the loan liability of the Public Works Fund, General Purposes Account, nor the cost of exchange on payments made in London is reflected in the accounts. E. Mabsden, Secretary. R. D. McGillivray, 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.— J, H. Fowleb, Deputy Controller and Auditor- General,

Approximate Cost of Paper. —■ Preparation, not given; printing (491 copies), £275.

Authority : G. H. Loney, Government Printer, Wellington.—1934.

Price 3s.]

163

i Head Office. ! T Besearoh j Dominion | Geological | Meteorological Dominion i Auia Investigations. Laboratory. Survey, Office. Observatory. Chrtetchmch Observatory. Totai T A nht lifi pq °i8fcw.,« «..»* * m Jt\ £ ..- d ' « •>«. « *«. CredSors— te<1 FUnd " " " " 3,779 18 2 *M94 5 2 9,862 0 3 15,613 14 6 3,750 19 5 4,35i 0 2 2,417 3 1 689 14 JO 58,958 15 7 Sundry .. .. .. .. .. 456 2,411 17 2 24 6 5 63 1 2 30 8 5 5 16 8 15 7 11 2 555 3 3 Departmental 23 0 11 46 13 6 10 9 5 4 1 2 4 15 0 1 10 10 .. 90 10 10 333 17 2 3 ' 508 17 7 2 > 926140 4,445 0 1 3,563 18 ! 3,199 18 3 806 6 5 59 19 0 18,844 «5 7 Wheat levies .. .. .. .. .. .. 1; 1 30 9 8.. .. .. , „„ 0 8 Grant, Apia Observatory ...... .. ,, „ K Ô' , „ »2a , 2 Contribution, soil survey . . .. .. . . 150 0 0 7 '' " '' I 1 7 Writings-ofl, Suspense Account .. .. . . .. 174 9 4 46* 7 8 3 15 1 25' 1 9 " " " Treasury Adjustment Account 4,863 6 5 15,124 1 7 7,074 4 4 1,341 8 1 3,911 3 7 .. 1,224' 5 3 415' 3 10 33,953 13 1 9 > 004 8 2 41,806 13 6 19,944 2 1 21,471 0 1 11,286 6 3 7,558 5 11 4,463 2 8 j 1,823 777 777~777l 77] Assets. Land ! £ S ' d ' ' 2 057 ' £ s ' d ' £ b. d. £ s. d ! £ s. d. j £ s. d. £ s. d. £ 8 . d. Buildings ' "I " ! 1'oor a n " " 330 .. | .. .. 2,060 5 6 uildmgs _ .. .. .. .. 4,231 0 7: .. .. : 208 16 7 ! .. ! 189 11 7 6] 3 0 4 690 11 9 Tools and equipment ; .. 299 8 9 8 13 9 41 1 7 9 15 10 .. .. 5 12 4 364 12 3 Motor-car .. 172 11 6 .. .. Ī79 iT « Bicycle and transport equipment .. .. .. .. 34 4" 0 * of Horse and harness .. .. .. . . I .. 51 17 9 ' ' *' 34 4 0 Furniture and fittings ! 4 5s'o 4 1,427 13 1 l,01l'l3 4 476'2 6 253'l3 9 462'll 7 391 0 13o'7 9 4 256 I 4 Mechanical office appliances 96 5 9 J83 2 0 68 10 0 18 10 0 134 16 0 50 3 5 !79 0 0 64 1 8 '794 8 10 Libraries and books 301 16 10 721 8 1 2,045 8 1 4,200 15 1 136 13 5: 343 12 7 57 15 9 25 3 11 7 832 13 9 Stamps on hand .. .. .. .. 19 13 2 .. .. 13 17 0 qq , Stocks saleable publications on hand .. 2,835 0 0 .. .. 3 664 2 7 " " " a aoq o i Debtors — ' ' ' '' '' '' o,4yy a 7 Departmental 4 13 4 34 7 10 .. 66 17 10 .. .. 105 19 o Sundry 802 4 9 24 15 6 .. 0 7 6 93 18 11 " <191 t ft -Permanent improvements: Roading, fencing, &c. .. ., 310 13 2 .. " , Plant and machinery .. .. .. .. ,, 452 17 4 - ' ' ' ' '' ' ' Research apparatus .. .. .. .. 9,318 5 11 .. ' ' ' n o?o Instruments . . ..! gi 15 3 .. .. 288 17 6 3,004' 0 10 3,422' 0 3 1 ,9ōi ' 14 9 403' 6 2 e'leiu" Photographic apparatus and lithographic blocks .. .. .. .. 124 5 3 72 12 4 iqa n Fossils and collections ........ a qoa a a ~ '' '' Laboratory appliances .. .. .. .. .. " : 4,340' 2 7 " " " " o 2 Platmum-ware .. .. 1,422 15 10 .. .. " " " 1 499 in Physical apparatus for Standards Laboratory .. .. 964 16 8 7? ! Assets in Suspense . .. .. 174' 9 4 46 7 8 3 15 li 25*1 9 7 7 " 249 13 10 Cash in Consolidated Fund Deposits Account .. .. 1,280 9 8 .. 1 n aoa ī? Treasury Adjustment Account ...... '' cat it ' 10 * ' i>93J 11 3 TTi r j •, . I ' * ■ * * • • . . 501 17 . . . . 501 1 7 Excess of expenditure over income | 5,200 3 6 20,254 17 3 10,010 18 8 5,772 15- 8 7,509 17 7 2,706 4 2 1.952 0 8 475 2 10 53,882 0 4 9,004 8 2 41,806 13 6 19,944 2 1 21,471 0 1 11,286 6 3 7,558 5 11 j 4,463 2 8 j 1,823 19 3 117,357 17 11

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1933-34. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.), Appendix to the Journals of the House of Representatives, 1934 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1933-34. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1934 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1933-34. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1934 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1933-34. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1934 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1933-34. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1934 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1933-34. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1934 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1933-34. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1934 Session I, B-01-part04

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