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B.—l [PT. IV].

1941. NEW ZEALAND.

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1940-41. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.)

1- B. 1 [PT. IV], 1941,

B.—l [PT. IV].

CONTENTS.

page Lands and Survey Department—continued. PAGE Advances for Increased Primary Production Account 4 New Zealand University Endowment Account Agriculture-— (Westland) .. .. .. 26 Nauru and Ocean Islands Account .. .. 5 North Island Experimental Dairy School Account 26 Audit Department .. .. 6 Taranaki Scholarship Endowment Account .. 27 Bank of New Zealand Shares Account . . . . 6 ''» ' '' '" ™ -r, ... ,-m i , /, ■ • r Mam Highways Account .. .. . . 2!) British Phosphate Commissioners .. ..5 Marine ls epar t ment 31 Census and Statistics Department . . 7 National Broadcasting Service .. .. .. 36 Crown Law Office .. . . . . 7 National Commercial Broadcasting Service .. 37 Customs Department .. .. . . 8 National Provident Fund .. . . 38 Dairy Industry Loans .. .. . . 9 National Provident and Friendly Societies Department 39 Electoral 9 Printing and Stationery Department . . 40 J, ,•' a i * /' i a Public Debt Redemption Fund .. .. .. 42 ec nc upp y ccoun .. .. .. Public Service Commissioner's Office .. ..42 Explanatory Memorandum .. . . . . 3 p u bli c Trust Office . . .. . . .. 43 General Purposes Relief Account.. . . 16 Railways .. . . . . . . 45 Government Fire Insurance Fund . . . . 16 Railways Superannuation Fund .. . . 48 Government Life Insurance Department .. .. 17 Rangitaiki Land Drainage Scheme .. 50 Government Stores Marine Insurance Fund . . 18 Repatriation Account .. . . . . 51 Hauraki Plains Settlement Account .. .. 19 Reserve Fund Account .. .. .. ..51 Housing Account 20 Stamp Duties Department 52 _ . _ _ . ._. . . btate Coal-mines Account .. .. 53 Labour-Industrial Division 23 gtate Fire i nsurance offioe . . .. . . 54 Land and Deeds Department . . . . .. 24 State Fire Insurance Office —Accident Branch .. 55 Lands and Survey Department — Swamp Land Drainage Schemes . . .. .. 56 Bluff Harbour Endowment Account .. ..24 Teachters'Superannuation Fund .. .. . .58 Gore High School Endowment Account .. .. 25 Treasury Department .. .. .. .. 59 Groymouth Technical and Hftkitika High Schools Valuation Department .. .. .. ..60 Account .. .. . . .. 26 Westport Harbour Account .. .. . . 35

THE FOLLOWING ACCOUNTS WERE NOT AVAILABLE FOR PRINTING IN THIS PUBLICATION AND WILL BE INCLUDED IN A SUPPLEMENT. Administration of Western Samoa. Marketing Department— Agriculture— Export Division. Departmental. Internal Marketing Division. Orchard Tax Act, 1927, Deposit Account. Mental Hospitals Department. Arawa District Trust Board. Mines Department. Crown Lands Account. Mining Advances Account. Defence. Miscellaneous Advances from Consolidated Fund. Education Department. National Service Department. External Affairs Department. Native — Health Department. Departmental. Howard Estate Account. District Maori Land Boards. Industries and Commerce, Tourist and Publicity Depart- Maori Purposes Fund. ment. Native Housing. Internal Affairs Department. Native Land Development Schemes. Iron and Steel Department. Special Housing Fund. Justice and Prisons Department. Native Trustee. Labour Department—lmmigration. New Zealand Reparation Estates. Land and Income Tax Department. Post and Telegraph Department. Land for Settlements Account. Prime Minister's Department. Lands and Survey Department Public Servioe Superannuation Fund. Auckland Museum Endowment Account, Public Works Department. Clutha River Trust Account. Samoan Loans Susponse and Sinking Fund Accounts. Departmental. Scenic Reserves Account. Geraldine County River Board Endowment Account. Scientific and Industrial Research Department, Hunter Soldiers' Assistance Trust Deposit Account. Small Farms Scheme. Otago Boys' and Girls' High Schools Endowment g oc ial Security Department. Account. State Forest Service. Otago University Endowment Account. a r AT ~ , , Primary Education Endowment Account. purveys of Native Land. Secondary Education Endowment Account. Taranaki Maori Trust Board. Victoria College Endowment Account. Transport Department. Waipiata-Hamilton Library Endowment Account. Treasury—lnvestment in State Advances Corporation Wairoa Harbour Endowment Account. Account. Wanganui Harbour Endowment Account. Tuwharetoa Trust Board. Wanganui River Trust Account. Waihou and Ohiiiemuri Rivers Improvement Account.

B. 1 [Pt. IV].

EXPLANATORY MEMORANDUM. The following notes are explanatory of the more important matters relating to the preparation of the balance-sheets and revenue accounts included in 8.-l [Pt. TV], 1941, which arc prepared on an income and expenditure basis and present a more comprehensive statement of the financial operations of Departments and services than is possible in the cash statements included in papers 8.-l [Pts. I and ll]. (i) Authority.—Section 57 of the Finance Act, 1932, requires the preparation of these accounts and their presentation to Parliament. (ii) Capital— (a) General: The amounts under this heading in the accounts usually represent the value of fixed assets at the conclusion of the financial year, and the amounts are divided to show loan capital separate from that provided from revenue or other source. (b) Public Works Loans: Loans for the Public Works Fund (General Purposes Account) are shown as Public Works Fund Capital in the appropriate accounts recording the expenditure. Redemptions of those loans are allocated by the Treasury to the accounts whose expenditure is represented by the least productive assets. (iii) Depreciation.—Treasury Instruction No. 79 specifies various rates of depreciation based on an estimated average life for different classes of assets. The rates are computed usually on the original capital cost. If the nature of a Department's depreciating assets calls for special rates', these are approved as required. (iv) Exchange.—Exchange on all remittances abroad is charged to the Consolidated Fund; it is not recouped from the various departmental votes in the Consolidated Fund nor from votes in the General Purposes Account of the Public Works Fund with the exception of two—Telegraph Extension in respect of purchases made on account of the Post Office, and Railways Improvements and Additions to Open Lines in respect of purchases made on account of the Railways. Exchange on remittances abroad for purchases of materials and miscellaneous services is, however, recouped from all the separate accounts, both within and outside the Public Account. No recoupment is made from separate or special accounts (either within or outside the Public Account) for exchange on remittances of interest. (v) Charges not subject to specific Appropriation.—ln pursuance of the general authority quoted in (i) above, certain charges such as administration, exchange of properties, assessed rental values, interest on capital and depreciation allowances, &c., are made between Government accounts through the Treasury Adjustment Account without cash payments or specific appropriation by Parliament. (vi) Interest.—ln the ease of separate accounts such as Main Highways Account or State Coal-mines Account, the interest charge shown represents actual interest payable on the loans raised for those specific purposes. In the accounts of other Departments, an average rate, at present 4 per centum per annum, is charged. (vii) Rentals.—Some Departments occupying private premises actually pay rentals. Others occupying Government buildings are assessed annually with rental based on the average rate of interest, the cost or valuation of the property, and the class of building. (viii) Treasury Adjustment Account. —This is the equivalent of a " Head Office Account " in branch accounting, and through it are passed inter-departmental transfers and the total of cash transactions for the year. Separate accounts (see vi) having their own cash balances do not utilize a Treasury Adjustment Account. (ix) Values. —When the provision of accounts and balance-sheets on a commercial basis by all Departments was first instituted about 1922, it was necessary to bring numerous properties and assets into account by means of a fair valuation. New assets since then, or additions, are usually recorded at actual cost with any depreciation provision shown either as a deduction or separately. (x) Deletions.—Certain balance-sheets and accounts which do not relate to the activities of Government Departments have now been deleted from this publication, and in other cases non-essential subsidiary accounts have also been omitted. Such accounts are available in other parliamentary papers.

B.—l [PT. IV].

ADVANCES FOR INCREASED PRIMARY PRODUCTION ACCOUNT. Revenue Account for the Period ended 31st March, 1941. Dr. £ Gr. £ Interest oh capital .. .. .. .. 26 Interest on advances .. .. .. .. 10(3 Sundry expenses .. .. .. .. . . 2 Balance .. .. .. .. .. 78 £106 . £106 Balance-sheet as at 31 st March, 1941. Liabilities. £ Assets. £ Capital .. .. .. .. .. 9,563 Advances .. .. .. .. .. 8,601 Sundry creditors .. .. .. .. .. 299 Sundry debtors —- £ Treasury Adjustment Account .. ~ .. 27 Interest .. . . .. .. 94 Revenue Account .. .. .. .. ..78 Departmental .. .. .. .. 1,270 — 1,364 Interest accrued but not due .. .. .. 2 £9,967 £9,967 A. R. P. Mackay, Accountant to the Treasury. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l |Pt. IV]. —Cyril G. Collins, Controller and Auditor General.

8.-I cpt. m.

DEPARTMENT OF AGRICULTURE. NAURU AND OCEAN ISLANDS ACCOUNT. Revenue Account foe the Year ended 31st March, 1941. Dr. . £ Gr. £ Interest on debentures .. .. .. .. 9,097 Annua) payment from British Phosphate Commission (in Administration and management charges .. .. 531 sterling) .. .. .. .. .. 35,848 Audit fee .. .. .. .. .. .. 5 Exchange on annual payment .. .. .. 8,738 Balance to Appropriation Account . . .. .. 34,953 £44,586 £44,586 Appropriation Account for the Year ended 31st March, 1941. Dr. £ Gr. £ Redemption of debentures •• .. .. .. 34,700 Balance, Ist April, 1940 .. .. .. .. 24,838 Balance .. .. .. .. ... .. 25,091 Revenue Account: Balance transferred .. .. 34,953 £59,791 £59,791 Balance-sheet as at 31st March, 1941. Liabilities. £ £ Assets. £ Dobentures at 3J per cent. .. .. .. 249,705 Share (16 per cent.) Nauru and Ocean Islands phosphate Interest accrued but not due .. .. 1,796 rights (at cost) .. .. .. .. .. 565,040 Administration and management charges accrued 35 Proportion of annual payment from British Phosphate 1,831 Commission accrued but not due .. .. .. 26,886 Reserve Account .. .. .. .. 315,335 £ Appropriation Account .. .. .. .. 25,091 Cash: Loans Redemption Account .. .. 1 Deposits, miscellaneous .. .. .. 35 — 36 £591,962 £591,962 Note.—(l) New Zealand's share of the profits earned by the Commission have 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 June, 1940, are published herewith. L. C. Scott, 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 departmental notes enfaced thereon.—Cyril G. Collins, Controller and Auditor-General. THE BRITISH PHOSPHATE COMMISSIONERS. Trading Account for the Year ended 30th June, 1940. Dr. £ Gr. £ P.o.b. cost of phosphate, including interest on capita), Phosphate sales and sundry credits, less freight and contribution to a sinking fund for the redemption of insurance, &c. .. .. .. .. 1,041,418 capital, and other charges in accordance with Article 11 of the agreement of 2nd July, 1919 .. 1,037,208 Balance .. .. .. .. .. 4,210 £1,041,418 £1,041,418 £ £ Balance carried forward .. .. .. .. 22,128 Balance brought forward at Ist July, 1939 .. .. 17,918 Balance for the year ended 30th June, 1940 ■ .. 4,210 £22,128 £22,128 Balance-sheet as at 30th June, 1940. Liabilities. £ Assets. £ United Kingdom Government .. .. .. 1,295,304 Nauru and Ooean Island phosphate rights, buildings Commonwealth Government .. .. .. 1,295,304 and plant, ships, investments and deposits, less New Zealand Government .. .. .. 493,450 reserves for depreciation and other charges in accordance with Article 11 of the agreement of 2nd July, 3,084,058 1919 .. .. .. .. .. 2,674,666 Sinking fund for redemption of capital .. .. 447,442 Sundry debtors and phosphate on consignment .. 563,951 Sundry creditors and outstandings .. .. 713,850 Voyages in progress .. .. .. .. 56,745 Trading Account balance .. .. ..* 22,128 Phosphate and goods in transit .. .. .. 148,605 Stocks at Nauru, Ocean Island, and elsewhere .. 767,333 Cash at banks and in hand .. .. .. 56,178 £4,267,478 £4^267,478 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 p'roperly 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 Fisher, Chartered Accountants (Aust.), Auditors.

B. -l [ Pt. IV].

AUDIT DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. £ Income. £ Salaries, overtime, grants, and allowances .. .. 70,177 Fees .. .. .. .. .. 38,261 Travelling, transfer, and removal-expenses .. .. 7,531 Balance carried down .. .. .. .. 42,458 Printing, stationery, and office requisites . . . . 498 Postages and telephone services .. .. .. 653 Advertising, publications, and office expenses .. .. 127 Rent .. .. •• .. •• •• M2O Depreciation . . . . • • ■ ■ • ■ 207 £80,719 £80,719 ™T~ £ Balance brought down •• •• 42,458 Excess of expenditure over income .. .. .. 42,517 Interest on capital .. .. . . .. • • 59 £42,517 £42,517 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Capital .. .. .. •• •• 1,482 Furniture and fittings .. .. .. .. 635 Treasury Adjustment Account .. .. .. 42,337 Mechanical appliances .. .. .. .. 243 Creditors— £ Library .. .. .. .. .. •. 604 Departmental .. .. .. .. 484 Stocks of stationery and stamps .. .. .. 211 Sundry . . .. .. • ■ • • 1,182 Debtors for fees .. .. .. .. .. 1,275 1,666 Assets in Suspense .. .. .. .. .. 2 Writing-off'in Suspense .. .. .. .. 2 Ex,cess of expenditure over income for the year .. 42,517 £45,487 £45,487 J. P. Rutherford, Deputy Controller and Auditor-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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].— Cyril G. Collins, Controller and Auditor-General.

BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. £ Income. £ Interest on consolidated stock .. ■■ •• 32,500 Dividends declared for the year .. .. .. 126,562 Management charges on consolidated stock .. . • 291 Stamp duty on transfers of consolidated stock .. 125 Proportion of expenses' of 1940 conversion of consolidated stock . . .. • ■ ■• • • • • 3,040 Excess of income over expenditure .. .. .. 90,606 £126,562 £126,562 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Loan capital, New Zealand consolidated stock— Bank of New Zealand shares (at nominal value)— Tier cent. 1939-45 .. •• •• -500,000 500,000 preference A shares .. .. .. 500,000 4 per cent 1943-63 .. .. •• 375,000 1,375,000 preference B shares .. .. .. 1,375,000 Consolidated Fund capital' !. .. •• 984,375 234,375 long-term mortgageC shares .. .. 234,375 Capital Reserve .. •• •• 250,000 Dividends declared but not paid .. .. .. 38,281 Sundry creditors .. .. .. 125 Expenses of 1940 conversion of consolidated stock .. 12,160 Accrued interest on consolidated stock .. .. 6,651 Treasury Adjustment Account .. .. .. 46,941 Excess of income over expenditure .. .. 90,606 £2,206,757 £2,206,757 A. R. F. Mackay, Accountant to the Treasury. 1 hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books a-nd documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].— Cyril G. Collins, Controller and Auditor-General.

8.-l 1 I't. TV].

CENSUS AND STATISTICS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. £ Income. £ Salaries .. .. .. ~ .. .. 22,891 Fees for work performed .. .. .. ... 204 Freight, cartage, &c. .. .. .. .. 33 Sale of publications.. .. .. .. .. 487 Fuel, light, and office cleaning .. .. .. 300 Balance carried down .. .. .. 33,227 Maintenance of mechanical appliances .. .. 90 Overtime and meal allowance .. .. .. 63 Postage and telegrams .. .. .. .. 1,354 Printing and stationery .. .. .. .. 1,371 Rent of offices . . .. . . .. .. 1,249 Preparation of statistical publications.. .. 3,937 Collection of statistics .. .. .. .. 2,215 Telephone services .. .. .. .. .. 99 Travelling-expenses.. .. .. .. .. 25 Miscellaneous expenses .. . . .. .. 71 Depreciation .. .. .. .. .. 220 £33,918 £33,918 £ £ Balance brought down .. .. .. .. 33,227 Excess of expenditure over income .. .. .. 33,310 Interest on capital .. .. .. .. ~ 83 £33,310 £33,310 Balance-sheet as at 31st March, 1941. Liabilities £ Assets. £ Capital Account .. .. .. .. .. 1,973 Furniture .. .. .. .. .. ... g()4 Creditors— Library .. .. .. . . .. .. 51 Sundry .. .. .. . . .. .. 230 Mechanical applicanees .. .. . . I 318 Departmental . . .. . . .. .. 103 Stock of stamps .. . . . . .. . . '24 Treasury Adjustment Account .. . . .. 33,023 Payments in advance . . . . 8 Departmental debtors .. .. .. .. 14 Excess of expenditure over income .. .. .. 33,310 £35,329 £35,329 J. W. Butcher, Government Statistician. 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-I [Pt. IV].--Cyril G. Collins, Controller and Auditor-General.

CROWN LAW OFFICE. Income and Expenditure Account foe the Year ended 31st March, 1941. Expenditure. £ Income. £ Salaries .. .. .. .. .. .. 7,957 Law-costs .. .. .. .. .. , ng Advertising, books, newspapers, &c. .. .. . . 17 Balance . . .. . . . . . '* g 520 Annual certificates .......... 48 Office fittings and requisites .. .. .. .. 35 Postages . . .. .. .. ' .. 37 Printing and stationery . . . . .. .. 93 Purchase of Law Reports . . .. ~ .. 45 Pent . . , . .. . . . . , . 257 Telephones .. . . .. .. 136 Travelling-expenses .. . . .. .. .. 5 Sundry expenses .. .. .. .. 8 £8,638 £8,638 £ £ Balance brought down .. .. .. .. 8,520 Excess of expenditure over income .. .. ..8 566 Interest on capital .......... 46 £B>s6fi8 > 56fi £8,566 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Capital .. .. .. .. .. 1,212 Furniture, library, and mechanical appliances .. .. 1,212 Creditors— £ Payments in advance .. .. .. ~ '32 -Departmental .. .. .. .. 75 Excess of expenditure over income .. .. 8 566 Sundry .......... 16 • • > — 91 Treasury Adjustment Account .. .. .. 8,527 £9,830 £9,830 11. 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].— Cyril G. Collins, Controller and Auditor-General,

B.—l [PT. IV].

CUSTOMS DEPARTMENT. Revenue Account for the Year, ended 31st March, 1941. Dr. Or. £ Administrative charges— .. £ £ Customs and excise duties .. .. .. 8,786,495 Salaries .. .. .. .. 122,562 Beer duty .. .. .. .. .. 1,605,278 Allowances, overtime, and rewards .. 7,050 Brewery supervision fees .. .. .. 1,105 Expenses of Official Representative— Customs fines .. .. ~ .. .. 857 London . . .. .. .. 532 Customs agents' license fees .. .. .. 398 New York .. .. .. v 1,384 Distillation Act fees .. .. .. .. 74 Postages and telegrams .. .. 3,895 Gold export duty (12s. 6d. per ounce) .. .. 108,789 Printing and stationery .. .. 2,402 Hop-beer license fees .. .. .. .. 65 Services rendered by Post and Telegraph Profit on realization of assets .. .. .. 1 Department ' .. .. . . 737 Sale of seizures.. .. . . .. .. 45 Transfer and removal expenses .. .. 974 Sales tax .. .. .. .. .. 3,509,519 Travelling allowances and expenses .. 925 Sales tax license fees .. . . .. .. 512 Rent .. . . .. 7,566 Territorial revenue .. .. .. .. 1 Maintenance and repairs .. .. 35 Tobacco Act license foes .. .. .. 750 Miscellaneous.. .. .. .. 6,906 Warehouse license fees .. .. .. .. 11,141 154,968 Fines under the Immigration Restriction Acts .. 300 Grants to Cook and Niue Islands .. .. .. 3,699 Depreciation .. . . .. .. .. 1,730 Writing off reserve .. .. .. .. 1 Balance carried down .. .. .. .. 13,864,932 £14,025,330 £14,025,330 £ £ Interest on capital .. .. .. .. 799 Balance brought down .. .. .. .. 13,864,933 Excess of revenue over expenditure .. .. 13,864,134 £13,864,933 £13,864,933 Note.—Percentage cost of collection, including depreciation and interest on capital, 1-149 = £1 3s. Balance-sheet as at 31st March, 1941. Liabilities. Assets £ Capital— £ £ Land .. .. .. .. .. 8,202 Public Works Fund Capital Account .. 10,701 Buildings .. .. .. .. .. 6,284 Consolidated Fund Capital Account .. 8,821 Bicycles .. .. .. .. .. 19 — 19,522 Furniture and fittings .. .. .. .. 4,030 Writing off reserve .. .. .. .. 7 Mechanical office appliances .. .. .. 987 Creditors — Saleable books . . .. . . . . 70 Departmental .. .. .. 2,364 Stamps, postage .. .. .. .. 263 Sundry .. .. .. .. 2, 242 Stocks— £ 4,606 Stationery .. . . .. . . 683 Fees paid in advance .. .. .. .. 10,418 Uniform trimmings .. .. .. 32 Amounts held on deposit — Testing and gauging instruments . . 576 Customs duties .. .. •• 265,968 Testing glasses .. .. .. 22 Immigration Restriction Acts .. .. 3,703 Sealing pliers and crown locks .. .. 37 Export Control Boards .. . . 4,593 — 1, 350 274,264 Debtors — Excess of revenue over expenditure .. .. 13,864,134 Departmental .. .. .. 41,993 Sundry .. .. .. .. 14,543 56,536 Deposit Accounts— Receiver-General .. .. .. 213,065 Collectors of Customs . . . . 16,528 Immigration Restriction Acts .. .. 3,702 Honey Export Control Act, 1.924 . . 201. Wool Industry Promotion Act, 1936 .. 2,658 Hidos Emergency Regulations 1940 .. 1,734 Miscellaneous .. .. .. 36,376 — 274,264 Assets in Suspense .. .. .. .. 7 Treasury Adjustment Account .. .. .. 13,820,939 £14,172,951 £14,172,951 E. D. Good, 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

B. —1 [Pt. TV].

DAIRY INDUSTRY LOANS. (Agriculture (Emergency Powers) Act, 1934.) Revenue Account for the Year ended 31st March, 1941. Dr. £ I Or. £ Balance at Ist April, 1940 .. .. .. . . 54 i Interest on advances .. ... . . 1,561 Interest, Public Works Fund: Capital .. .. 1,650 j Balance carried down .... .. 143 £1,704 £1,704 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Capital Account: Public Works Fund .. .. 39,925 Advances under section 26, Agriculture (Emergency Treasury Adjustment Account .. .. .. 2,103 powers) Act, 1934 .. .. .. .. 38,066 Sundry accounts in credit: Principal instalments .. 6 Sundry debtors for principal instalments . , .. 4 Interest accrued but not due .. . . .. 380 Revenue Account .. .. .. .. . . 143 Cash in hands of State Advances Corporation .. .. 3,441 £42,034 £42,034 A R. P. Mackay, Accountant to the Treasury. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

ELECTORAL DEPARTMENT. Income and Expenditure Account tor the Year ended 31st March, 1941. Expenditure. £ Income. £ Salaries .. .. . . .. .. .. 7,048 Revenue .. .. .. .. .. .. 08 By-election, expenses of .. .. _ ' .. 1,310 Balance carried down .. .. .. .. 11,127 Goneral Election— Expenses of .. . . .. .. .. 0 Preparation of rolls .. .. .. .. 41 Postages and telegrams .. .. .. .. 969 Printing and stationery .. .. .. .. 261 Rent and storage .. .. .. .. .. 846 Sundries .. .. .. .. .. .. 25 Depreciation .. .. .. .. .. 186 Interest on capital .. .. .. .. .. 144 Registration of electors .. .. .. .. 150 Fuel, light,- &c. .. .. .. .. .. 91 Telephones .. .. .. .. .. 113 £11,190 £11,190 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Capital .. .. .. .. .. .. 3,411 Furniture, fittings, and mechanical appliances .. .. 3,176 Creditors — £ . Stock of electoral maps . . .. .. .. 118 Departmental .. .. .. .. 69 Postage stamps on hand .. .. .. .. 118 Sundry .. .. .. .. .. 171 Writings-off in Suspense .. .. . . .. 1 240 Excess of expenditure over income .. .. .. 11,127 Treasury Adjustment Account .. .. .. 10,888 1 Losses in Suspense .. .. .. .. .. .1 £14,540 £14,540 L. Irwin, Deputy Chief Electoral Officer. K. Menzies, 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

2—B. 1 [PT. IV].

B.—l [Pt. TV].

ELECTRIC SUPPLY ACCOUNT. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1941, compared with Year ended 31st March, 1940. Gross Revenue Account.

Net Revenue and Appropriation Account.

— 1940-41. ! 1939-40. ! 1940-41. 1939-40. _j i__ I To Generating-expenses (hydro-electric) — £ s. d. £ s. d. £ s. d. By Sales of electrical energy — £ s. d. £ s. d. £ s. d. £ s. d. Arapuni .. .. .. .. .. 28,334 15 1 31,372 4 7 " Bulk for resale .. .. 1,457,699 13 0 .. 1,264,605 13 2 Horahora .. .. .. .. .. 7,120 3 4 6,412 12 4 Other than for resale — Mangahao.. .. .. .. .. 13,407 11 8 12,339 16 6 Traction .. .. i 13,695 4 2 5,108 15 0 Tuai .. .. .. .. .. 14,996 14 8 11,599 2 6 Industrial .. .. 43,228 5 8 43,919 7 2 63,859 4 9 Retail .. .. 5,054 1 6 3,015 9 1 61,723 15 11 61,977 11 4 Generating-expenses (fuel) — 1,519,677 4 4 Penrose .. .. .. .. .. 3,392 19 6 307 1 6 1 1,316,649 4 5 Waihi Grand Junction .. .. .. 7,828 0 10 .. Bents — j— Huntly .. .. .. •• •• 1,159 8 7 35 10 9 Land and buildings .. .. 11,162 2 10 10,378 4 3 12,380 8 11 Lines and plant .. .. 560 2 4 571 0 4 342 12 3 " — 11,722 5 2;— 10,949 4 7 Purchase of power in bulk .. .. .. .. 353,548 19 1 103,638 13 3 Standby charges .. .. .. .. .. 65,688 15 2 65,304 8 9 Miscellaneous revenue .. .. .. 1,736 12 0 900 13 5 495,477 7 11 231,009 10 2 Transmission system: Patrol and maintenance .. .. 31,783 16 1 31,775 14 3* Substations: Operation and maintenance — .. 42,390 9 4 34,422 10 0 Communication system : Patrol and maintenance .. 2,295 12 11 Distribution: Maintenance .. .. .. .. 2,160 4 7 \ 2,048 16 4 System operation, testing, &c. .. .. .. .. 13,820 17 9 13,827 6 2 Management and general expenses .. .. .. 52,955 14 1 54,930 17 3 Balance, to Net Revenue and Appropriation Account .. 892,251 18 10 960,484 8 3 j £1,533,136 1 6 £1,328,499 2 5 £1,533,136 1 6 £1,328,499 2 5 I =======^= == = = = ================3== * Includes Communication system: Patrol and Maintenance.

ill I ! 1940-41. j 1939-40. 1940-41. j 1939-40. - I I I £ s. d. £ s. d. £ s. d. ' £ s. d. £ s. d. To Interest (gross) for year ended 31st March, 1941.. 377,059 1 10 364,664 5 7 By Balance from Gross Revenue Account .. .. 892,251 18 10 960,484 8 3 Less'interest capitalized .. .. .. 40,986 5 6 19,456 19 3 336,072 16 4 j! 345,207 6 4 j; Depreciation on completed works .. .. .. ! .. 15,476 15 10 j Sinking Fund .. .. .. .. .. 148,937 2 6 418,552 3 4 Reserve Fund .. .. .. .. .. 122,710 1 4 181,248 2 9 Social Security charge, national-security tax, income- .. 284,531 18 8 tax i ; — | £892,251 18 10 ; £960,484 8 3 I; £892,251 18 10 | £960,484 8 3 \ LJ i l: !

8.-l [PT. TV],

ELECTRIC SUPPLY ACCOUNT-continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY-continued.

Depreciation Reserve Account. 1940-41. | 1939-40. i 1940-41. 1939-40. £ s. d. £ s. d. , I £ s. d. £ s. d. To Replacements, Renewals, &e. .. .. .. 11,685 7 2 19,051 6 10 j By Balance from previous year's statement .. .. 1,081,075 9 4 1,042,932 14 2 Balance.. .. .. .. .. .. 1,112,633 2 6 1,081,075 9 4 \ Interest at 4 per cent, per annum .. .. .. 43,243 0 4 41,717 6 2 Amount set aside as per Net Revenue and Appropriation .. 15,476 15 10 Account £1,124,318 9 8 £1,100,126 16 2 £1,124,318 9 8 £1,100,126 16 2 Sinking Fund Account. £ s. d. £ s. d. £ s. d. j £ s. d. To Balance .. .. .. .. ! 1,308,950 16 5 1,159,820 3 11 By Balance at close of previous year .. .. .. 1,159,820 3 11 ! 741,037 17 0 Interest.. .. .. .. .. .. 193 10 0 : 230 3 7 Amount set aside as per Net Revenue and Appropriation 148,937 2 6 418,552 3 4 Account £1,308,950 16 5 £1,159,820 3 11 j£l,308,950 16 5 £1,159,820 3 11 ! Reserve Fund Account. £ s. d. £ s. d. £ s. d. £ s. d. To Balance.. .. ,. .. .. .. 303,958 4 1 181,248 2 9 By Balance at close of previous year .. .. : 181,248 2 9 Amount set aside as per Net Revenue and Appropriation ' 122,710 1 4 181,248 2 9 Account £303,958 4 1 j £181,248 2 9 £303,958 4 1 1 £181,248 2 9

B. —1 [PT. IV].

ELECTRIC SUPPLY ACCOUNT— continued. SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1941, compared with Year ended 31st March, 1940. Gross Revenue Account.

Net Revenue and Appropriation Account.

1940-41. 1930-40. 1 1940-41. 1939-40. To Generating-expenses (hydro-electric) — £ s. d. £ s. d. £ s. d. By sales of electrical energy — £ s. d. £ s. d. £ s. d. £ s. d. Lake Coleridge .. .. •• 14,538 18 1 12,668 3 5 Bulk for resale .. 443,534 13 3 402,773 19 9 LakeWaitaki .. .. : 8,560 13 1 8,437 8 6 Other than for resale — Kaimata .. .. • ■ 1,577 12 9 1,215 14 10 Traction .. .. 21,479 3 9 21,089 4 11 Monowai .. .. 6,370 10 0 7,709 0 4 Industrial .. .. 99,050 2 10 79,340 15 4 ! 31,047 13 11 !| Retail .. .. 101,965 4 2 96,689 10 4 30,030 7 1 ii 222,494 10 9 — Generating-expenses (fuel) Dobson .. .. 8,421 14 11 12,816 15 S 666,029 4 0 599,893 10 4 Purchase of power in bulk .. .. .. ■. 298 4 3 337 16 11 — Standbv charges .. .. .. •• •• 225 0 0 .. Rents — — Land and buildings .. .. 4,532 15 0 j 3,641 11 4 39,992 13 1 43,184 19 8 jj Lines and plant .. .. 386 6 6 785 6 0 Transmission System: Patrol and maintenance . 24,564. 11 7 15,927 19 10 j 4,919 1 6 - : ; Substations: Operation and maintenance .. .. 22,230 8 1 20,671 17 5 4,426 17 4 Communication System: Patrol and maintenance .. 1,373 0 3 1,353 2 3 ~ Distribution: Maintenance .. .. .. - - 19,933 18 0 19,473 12 10 Miscellaneous revenue .. j .. .. 7,864 9 11 9,291 1/ 8 System operation, testing, &c. .. .. .. 11,781 18 1 7,826 12 1 Management and general expenses .. .. .. 53,411 16 5 66,521 8 7 Balance, to Net Revenue and Appropriation Ac- .. 505,524 9 11 438,652 12 8 j C ° Unt j £678,812 15 5 £613,612 5 4 j ! £678,812 15 5 £613,612 5 4

' 1940-41. | 1939-40. |i j 1940-41. j 1939-40. £ s. d. | £ s. d. £ s. d. £ s. d. £ s. d. To Interest (gross) for year epded 31st March, 1941 . . 262,392 19 11 252,569 17 10 By Balance from Gross Revenue Account .. .. 505, S24 9 11 138,652 12 8 j Less interest capitalized .. .. .. 8,323 8 11 j 5,651 0 0 1 254,069 11 0 — t 246,918 17 10 Depreciation on completed works .. .. .. 73,711 4 7 124,9-31 6 1 Sinking Fund .. .. .. .. .. 126,227 3 11 66,802 8 9 Reserve Fund Social Security charge, national security tax, .. 51,516 10 5 income-tax | £505,524 9 11 £438,652 12 8 £505,524 9 11 £438,652 12 8

B.—l TPt. TV].

ELECTRIC SUPPLY ACCOUNT-continued. SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY-continued.

Depreciation Reserve Account. 1940-41. | 1939-40. j| 1940-41. | 1939-40. £ s. d. £ s. d. £ s. d. £ s. d. To Replacements, Renewals, &c. .. .. .. .. j 45,649 18 10 33,216 13 8 By Balance from previous year's statement.. .. .. 755,025 16 10 637,799 5 1 Balance .. .. .. .. .. .. 813,288 3 3 755,025 16 10 Interest at 4 per cent, per annum .. .. .. 30,201 0 8 25,511 19 4 Amount set aside as per Net Revenue and Appropriation 73,711 4 7 124,931 6 1 Account £858,938 2 1 £788,242 10 6 £858,938 2 1 £788,242 10 6 L — : Sinking Fund Account. £ s. d. £ s. d. £ s. d. £ s. d. To Balance .. .. .. .. .. .. 543,855 16 1 417,604 14 3 By Balance at close of previous year .. .. .. 417,604 14 3 350,840 10 0 Interest .. .. .. .. .. .. 23 17 11 Dr. 38 4 6 Amount set aside as per Net Revenue and Appropriation 126,227 3 11 66,802 8 9 Account £543,855 16 1 £417,604 14 3 £543,855 16 1 £417,604 14 3 Reserve Fund Account. £ s. d. £ s. d. £ s. d. £ s. d. To Capital loss .. .. .. .. .. .. 433 10 11 .. Bv Balance at close of previous year .. .. .. 87,199 6 0 87,199 6 0 Balance .. .. .. .. .. .. 86,765 15 1 87,199 6 0 £87,199 6 0 £87,199 6 0 £87,199 6 0 £87,199 6 0

B. —1 [PT. IV]:

ELECTRIC SUPPLY ACCOUNT— continued. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1941. General Balance-sheet at 31st March, 1941, compared with Position at 31st March, 1940.

Liabilities. 1940-41. 1939-40. Assets. 1940-41. 1939-40. 1 | !j j i i i Aid to Water-power Works and Electric £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Supply Accounts — { North Island scheme — Debentures Stock issued — Assets as per separate balance-sheet* .. 12,193,876 18 1 11,039 ,964 16 8 At 2\ per cent, interest .. .. 1,300,000 0 0 : 1,300,000 0 0 Investments, Sinking Fund .. .. 25,242 0 9 2 175 7 5 At 3 per cent, interest .. .. 3,149,372 9 6 i 3,149,372 9 6 j • 12,219,118 18 10 - At 3J per cent, interest .. .. 500,000 0 0 .. 22 042 140 4 1 At per cent, interest .. .. 1,711,755 0 0 | 1,449,22-5 0 0 ! At 3f per cent, interest .. .. 567,290 0 0 567,490 0 0 At 4 per cent, interest .. .. 1,643,470 0 0 j 1,643,470 0 0 At per cent, interest .. .. 2,623,913 18 0 2,623,913 18 0 South Island scheme — At 5 per cent, interest .. .. 3,159,227 13 6 | 3,159,227 13 6 Assets as per separate balance-sheet* .. 7,663,010 7 4 7,294,627 0 0 Treasury Bills — Investments, Sinking Fund .. .. 14,222 7 1 10 547 0 5 At 11 per cent, interest .. .. 310,000 0 0 j 110,000 0 0 j 7,677,232 14 5 At l£ per cent, interest .. .. 430,000 0 0 j .. 7,305,174 0 5 At 3 per cent, interest .. .. 75,000 0 0 75,000 0 0 Treasury Notes — I j At 4| per cent, interest .. .. .. 93,500 0 0 l| Cobb River scheme .. .. .. | .. 341,979 1 1 15,470,029 1 0 1 14,171,199 1 0 Consolidated Fund — : Interest accrued on loans to 31st March, 316,742 19 1 133,218 9 4 1941 ; Surveys and General .. .. .. .. 18,962 16 8 18,673 4 4 Temporary transfers from other accounts .. .. 125,000 0 0 175,000 0 0 ! . ! Interest reserve, being excess of interest .. 86,555 18 10 82,606 13 5 charged to schemes over interest actually paid on capital liability Carried forward .. .. .. 15,998,327 18 11 j14,562,024 3 9 Carried forward .. .. .. 20,257,293 11 0 18,365,987 8 10 - | ; j l * Published in parliamentary paper D.-l.

ELECTRIC SUPPLY ACCOUNT— continued. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1941—continued. General Balance-sheet— continued. at 31st March, 1941, as compared with Position at 31st March, 1940 —continued.

B.—l [Pt. IV].

J. W. SCOTT, A.11.A.N.Z., Chief Accountant, Public Works DepartmentI 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 departmental note enfaced thereon.— Cyril G. Collins, Controller and Auditor-General.

Liabilities. 1940-41. 1939-40. jj Assets. 1940-41, 1939-40. o £ s. d. £ s. d. £ s. <1. £ s. d. £ s. d. £ s d Brought forward .. .. .. 15,998,327 18 11 14,562,024 3 9 Brought forward .. .. .. 20,257,293 11 0 18,365,987 8 10 Sundry Creditors— Balance in Electric Supply Account at the North Island scheme 201,053 8 9 123,739 19 2 endofvear— South Island scheme .. .. .. 72,367 14 5 46,844 4 9 Cash in Public Account .. .. 39,991 19 4 50 887 1 2 Surveys and general .. .. .. 218 2 10 0 Imprests outstanding .. .. 146 240 0 0 273,423 4 10 * ] i 86 , 2 31 19 4 170,586 13 11 50,887 1 2 Depreciation Reserve — North Island scheme .. .. .. 1,112,633 2 6 1,081,075 9 4 South Island scheme .. .. .. 813,288 3 3 755,025 16 10 1,925,921 5 9 1,836,101 6 2 \ Sinking Fund — Amount utilized for redemption of loans 1,538,177 18 3 1,079,347 18 3 ' Available for further redemptions .. 314,628 14 3 ' 498', 076 19 11 1,852,806 12 6 1 „ , 1,577,424 18 2 Keserve Fund — j North Island scheme .. .. .. 303,958 4 1 181,248 2 9 \ South Island scheme .. .. .. 86,765 15 1 87,199 6 0 390,723 19 2 Sundry credit balances— 268,44/ 8 9 North Island scheme .. .. .. 543 14 9 781 7 2 i South Island scheme .. .. .. 1,778 14 5 1,508 12 1 \ 2,322 9 2 1 2,289 19 3 I * Liability. £20,443,525 10 4 £18,416,874 10 0 Total £20,443,525 10 4 £18,416,874 10 0 Arrears of appropriation to Sinking Fund .. 214,654 2 3 252,670 11 5 Note. —No charge for cost of exchange on interest payments made in London is included.

B.—l [Pt. IV].

GENERAL PURPOSES RELIEF ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. Income. £ Losses written off — £ £ Interest on advanoes .. .. . . 1,538 Interest .. .. .. . . ■ • 96 Interest on investments .. .. .. .. 525 Principal .. .. .. . • 2, 096 Balance, being excess of expenditure over income, written 2,192 off against Capital Account .. .. .. 129 £2,192 £2,192 Balance-sheet as at 31st March, 1941. Liabilities. £ £ Assets. £ Capital at 31st March, 1940 .. .. .. 47,835 Advances under Finance Act, 1932, section 0 (3) .. 20,774 Less excess of expenditure over income for year Sundry debtors for— £ ended 31st March, 1941 .. .. 129 Principal .. .. .. .. 1,934 47,706 Interest .. .. .. .. 2,298 Writing-off in Suspense .. .. .. .. 2,192 On open account .. .. .. 1 4,238 Interest accrued on— Advances .. .. .. .. 119 Investments .. .. .. .. 153 272 Postponed interest .. .. .. .. .. 39 Assets in Suspense .. .. .. .. .. 2,192 Investments .. .. .. .. .. 17,500 Cash .. .. .. .. .. .. 4,888 £49,898 £49,898 Note. —Interest on overdue instalments has not been brought into accounts. A. R. F. Mackay', 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 departmental note enfaced thereon. —Cyril G. Collins, Controller and Auditor-General.

GOVERNMENT FIRE INSURANCE FUND. Revenue Account for the Year ended 31st March, 1941. Dr. £ Or. Accumulated Fund as at Ist April, 1940 .. .. 59,700 Claims — £ £ Interest on funds invested in the Common Fund of Public Army .. .. .. .. . . 332 Trust Office .. .. .. .. .. 2,412 Education .. .. .. .. 13,465 Contribution by Government .. .. .. 10,000 Lands and Survey .. .. .. 108 Refund of claim overpaid .. .. .. .. 7 Police .. .. .. .. .. 1,684 Printing and Stationery .. .. . . 32 Prisons .. .. .. . . .. 30 15,651 Accumulated Fund as at 31st March, 1941 .. .. 56,468 £72,119 £72,119 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Accumulated Fund as at 31st March, 1941 .. .. 56,468 Investment in Common Fund of Public Trust Office .. 64,099 Claims due but not paid : Departmental creditors .. 7,631 £64,099 £64,099 A. R. F. Mackay, Accountant to the Treasury. I hereby certify that the Revenue Account and Balance-sheet have been examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. —Cyril 6. Collins, Controller and Auditor-General.

B.—l [PT. IV].

GOVERNMENT LIFE INSURANCE DEPARTMENT. Revenue Account for the Year ended 31st December, 1940. £ s. d. £ a . d. Amount of funds at Ist January, 1940 10,906,636 8 7 Death claims under assurance policies, Renewal premiums—Assurance, annu- including bonus additions .. 238,182 7 3 ity, and endowment, less reinsurance Endowment assurances matured, inprcmiums .. .. .. 725,576 16 9 eluding bonus additions .. .. 348,860 6 0 New premiums (including instalments Endowments matured .. .. 15,369 6 0 of first year's premiums falling due Premiums returned on endowments .. 793 4 10 in the year) less reinsurance premiums 45,098 16 8 Bonuses surrendered for cash .. 7,136 1 2 Single premiums—Assurance and en- Annuities .. .. .. 34,746 7 9 dowment .. .. .. 37,879 6 8 Surrenders .. .. .. 38,782 2 9 Consideration for annuities .. .. 20,464 5 4 Loans released by surrender .. 51,516 0 8 Interest, rent, and other £ s. d. ' £ s. d. income .. 507,548 9 1 Commission, new .. 34,579 2 6 Less property expenses 10,463 6 11 Commission, renewal 6,194 18 0 497,085 22 40,774 0 6 Contribution to Public Service Superannuation Fund .. .. 625 4 2 Land and income tax .. . . 42,874 7 3 £ s. d. Expenses of management— Salaries .. 39,301 19 1 Extra clerical assistance .. .. 582 12 6 Medical fees and expenses .. 1,799 3 0 Travelling-expenses 1,068 110 Advertising .. 624 15 11 Printing and stationery .. 1,355 4 10 Bent .. .. 7,710 17 3 Postage and telegrams .. 2,799 17 2 Exchange .. 30 2 10 Audit fees .. 450 0 0 General expenses 4,775 1 0 Services rendered by Government Actuary .. 3,771 19 5 64,269 14 10 Property depreciation .. .. 6,289 17 2 Transfer to Investment Fluctuation Reserve Account .. .. 15,000 0 0 Amount of funds, 31st December, 1940 11,417,521 15 10 £12,322,740 16 2 £12,322,740 16 2 Balance-sheet of the Government Life 'Insurance Department on 31st December, 1940. Liabilities. £ s. d. Assets. £ s. d. Total assurance, annuity, and en- Loans on policies . . .. .. 1,217,965 2 5 dowment funds (as per Bevenue New Zealand Government securities.. 2,730,304 0 0 Account) .. .. 11,417,521 15 10 Loans to local bodies .. .. 1,995,196 13 I Claims admitted, proofs not yet Landed and house property .. 513,612 2 3 completed .. .. .. 59,632 8 10 Landed and house property (leasehold) 686 12 2 Annuities .. .. .. 397 19 4 Mortgages on property .. .. 5,074,924 14 0 Medical fees .. .. .. 212 2 0 Properties acquired by foreclosure .. 12,830 0 0 Premium and other deposits .. 18,151 1 1 Overdue premiums on £ s. d. Sundry creditors .. .. . > 2,094 5 0 policies in force .. 4,027 10 10 Accident and Fidelity Fund .. 5,000 0 0 Outstanding premiums Investment Fluctuation Beserve .. 386,118 17 0 due but not overdue 60,370 14 II Sinking funds on local £ s. d. —. 64,398 5 9 body loans .. 2,042 19 5 Overdue interest .. 5,394 3 5 Interest accrued thereon 23 13 11 Outstanding interest due but not overdue 8,525 14 0 2,066 13 4 i Interest accrued but not due ..105,866 11 9 — J19,786 9 2 Sundry debtors .. .. .. 1,205 11 2 Income-tax paid in advance .. 35,000 0 0 Office furniture and fittings .. 3,500 0 0 Cash in hand and on current account 121,785 12 5 £11,891,195 2 5 £11,891,195 2 5 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 accordance therewith. —Cyril G. Collins, Controller and Auditor-General.

3 —B. 1 [PT. IV].

B—l [PT. IV].

GOVERNMENT STORES MARINE INSURANCE FUND. (Established under section 134 of the Public Revenues Act, 1926.) Revenue Account for the Year ended 31st March, 1941. Dr. I Qr- £ Claims — £ £ Accumulated Fund as at Ist April, 1940 .. .. 50,729 Air .. .. .. •• •• 1 Insurable ! External Affairs .. .. . • ■ • w Value of j Internal Marketing .. .. •• 1,218 Imports anil Prem- I . T ° I q Exports, iums. INavy .. . • • ■ ■ - • ■ J-'' Premiums- £ £ Post and Telegraph .. .. •• « Agriculture .. • • 3 ,910 10 : Printing and Stationery .. .. . . 166 Agriculture .. _ 918 ; 528 2>m ,| Public Works 817 Army .. .. •• 129,305 323 Railways .. .. 278 Census .. .. . • 132 1 Scientific and Industrial Research . . . . 2 Customs 118 1 2,599 Education '' '' 15,047 37 Accumulated Fund as at 31st March, 1941 .. .. 64,895 External Affairs .. . • 39,945 ] 00 Health 5,970 15 Industries and Commerce .. J, 250 3 Internal Marketing .. .. 1,007,437 2,290 Lands and Survey .. .. 792 2 Legislative .. .. . • 1 , 000 2 Marine . . .. .. 867 2 Mental Hospitals .. .. 14,783 37 Mines 6,810 15 Navy .. • • •• 153,398 383 Police .. . • • ■ 880 2 Post and Telegraph .. . • 234, 695 586 Printing and Stationery .. 166,312 416 Prisons .. .. •• 1, 857, 4 Public Trust .. .. . • 203 1 Public Works .. .. .. 540,212 1,351 Railways... . . . . 331,887 830 j Scientific dad Industrial Research 13,808. 34 Social Security .. .. 1, 063 3 State Forests .. .. .. 2,405 6 State Fire .. .. •• 1,943 5 8,755 £3,594,257 Refund of general average contribution : " Rimutaka ".. 6,006 Interest on funds invested in the Common Fund of the Public Trust Office .. .. •• •• 2,004 £67,494 £67^494 Balance-sheet as at 31st March, 1941. Liabilities. ,£ I Assets. £ Accumulated Fund .. •• 64,895 ! Investment in Common Fund of Public Trust Office .. 63,284 Creditors, departmental .. .. ■■ 1,300 j Debtors J j Departmental .. .. .. ..2,850 Sundry .. .. . • • • • ■ 61 2,911. £66,195 £66,195 A. R. F. Mackay, Accountant to the Treasury. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative! books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-T [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV].

HAURAKI PLAINS SETTLEMENT ACCOUNT. Revenue Account fob the Year ended 31st March, 1941. Dr. £ Or. £ Interest on capital .. .. .. .. 20,123 Accrued rents .. .. .. .. .. 4,957 Kaihere Ferry (net cost of operating) .. .. 141 Accrued interest on sales of land, &c. .. .. 2,448 Administration expenses .. .. .. .. 325 Transfer from Suspense Account .. .. .. 1 Remissions of rent .. .. .. .. 71 Hire of plant .. .. .. .. .. 3 Remissions of interest .. .. .. .. 142 Transfer to works in Progress Account .. .. 205 Rebates .. .. .. .. .. 550 Net loss carried down .. .. .. .. 14,061 Irrecoverable rents, &c. .. .. .. .. 308 Premiums on conversion .. .. .. .. 15 £21,675 £21,675 £ £ Net loss brought down .. .. .. .. 14,061 Balance carried forward .. .. .. .. 378,575 Balance from previous year .. .. .. 364,514 £378,575 £378,575 Rate Account for the Year ended 31st March, 1941. Dr. £ Or. £ Maintenance of completed works .. .. .. 2,237 Balance at Ist April, 1940 .. .. .. .. 1,086 Remissions of rates .. . . .. .. 465 £ Balance at 31st March, 1941 .. .. .. 445 Rates levied .. .. .. .. 2,031 Penalty on 1939-40 rates .. .. .. 30 2,061 £3,147 £3,147 Balance-sheet as at 31st March, 1941. Liabilities. L Assets. Capital Account — £ £ Improved lands handed over to Land Board £ £ Public Works Fund .. .. 830,667 ! for settlement— Less redemptions during year .. 665,000 ! Leased .. .. ■■ •• 95,254 165,667 ; Unleased .. .. •• •• 897 Value of Crown land set apart under Act .. 45,000 Unpaid purchase-money for land sold on Transferred from Discharged Soldiers Settle- deferred payment .. . . .. 45,488 ment Account .. .. • • 405 Unpaid purchase-money for buildings sold on 211,072 | deferred payment ■ .. .. 55 Employment Promotion Fund: Capital .. .. 10,084 141,694 Consolidated Fund: Capital .. .. •• 6,112 Unimproved value .. •• •• .. 14,755 Sundry creditors' — £ Improvements on adjoining Crown lands .. .. 7,710 Miscellaneous .. .. .. •• 2,987 Works in progress: Expenditure on land Departmental .. .. . • •• 2,400 in course of reclamation, including for- £ 5,387 mation, metalling of roads .. .. 685,782 Rent charged in advance .. .. .. ■■ 1,069 Less amount written off .. .. 665,000 Rate Account .. .. • • • • • ■ 445 20,782 Payments in advance — £ Capital expenditure—■ Rent . .. .. 565 Employment Promotion Fund .. .. .. 10,084 Instalment of principal on deferred-payment Consolidated Fund .. .. .. .. 6,112 sales .. • ■ • • • • 17 Artesian wells — £ Instalment of interest on deferred-payment Crown tenants .. .. 116 sales .. . • • • • • 129 Crown lands .. .. .. • • 217 Rates .. .. . • • • • • 4 — 333 715 Buildings .. .. .. •• •• 2,118 Writings-off in Suspense .. . ■ • • • • 398 Wharves .. .. . ■ .. .. 50 Treasury Adjustment Account .. .. ..376,558 Machinery, plant, and tools .. .. .. 10,709 Live-stock .. .. .. .. • • 1 Stores .. .. .. •■ ■ • • ■ 9,612 •Sundry debtors— £ Rent .. .. .. . • ■ • 234 Rates .. .. .. • • ■ ■ 2,163 Instalment of principal on deferred-payment sales.. .. .. .. •• 3 Interest on well-boring .. .. .. 103 Interest on deferred-payment sales .. 5 Tram freights .. .. ■ • • • 6 Law-costs .. .. ■ ■ • • 63 Grazing .. •• •• 11 Miscellaneous .. .. . ■ .. 5,556 Departmental .. .. .. .. 5 8,149 Postponed rent — Land Act, 1924 . . .. .. 17 Mortgagors and Lessees Rehabilitation Act, 1936 .. .. ■■ 44 — 61 Cash in transit .. .. . • .. .. 101 Losses in Suspense .. .. ■ • • • 398 I Interest accrued but not due .. .. .. 567 Premiums on conversion .. .. .. .. 29 Revenue Account .. .. .. .. .. 378,575 £611,840 £611,840 R. G. Macmorran, Under-Secretary for Lands. G. I. Bbeson, Chief Accountant. I hereby certify that the Rate Account, the Revenue Account, and the 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril Collins, Controller and Auditor General.

B.—l [FT. IV].

HOUSING ACCOUNT. Tabulated Revenue Account for Year ended 31st March, 1941.

Properties sold under a ,S i q?q Advances under Part III, Advances to Local Rented Properties (Old) Rented Properties TiWnriPK Combined Revenue Agreement for Sale and TttThan Housing Act-, 1919 Authorities under Rural erected prior to 31st (New) erected under and and Expenditure m Purchase. (Local Authonties Urban (Loans to Employers). Housing Act, 1939. March, 1937. , New Housing Scheme. ana riant. Account. Dr. Cr. Dr. Cr. Dr. Cr. Dr. I Cr. Dr. Cr. Dr. j Cr. Dr. Cr. Dr. Cr. Revenue. ££££££££££££££££ Interest.. .. .. .. .. 5,570 .. 12,917 .. 260 .. 518 .. .. .. .. .. .. .. 19,265 Rents .. .. .. .. . - .. .. .. .. .. •• •• •• 38,692 .. 576,538 .. .. .. 615,230 Lease .. .. .. .. .. .. •. •• •• •• •• •• •• •• • ■ •• •• ® >020 .. 6,020 Expenditure (including Allocations to Reserves marked*) * Interest .. .. .. 4,497 .. 7,395 .. 151 .. 226 .. 18,232 .. 191,432 .. 721 .. 222,654 Management expenses .. .. 1,031 .. 248 .. 7 .. 988 .. 3,251 .. 37,109 .. 50 .. 42,684 Depreciation .. .. .. .. •• •• •• •• •• ! •• •• 10,620* .. 85,73/* .. 2,/26* .. 99,083 Insurance .. .. .. .. .. •• •• •• •• •• •• 1,245* .. 24,424* .. 1,057* .. 26,726 Rates .. .. .. .. .. .. •. •• •• .... .. 7,258 .. 74,882* .. 357 .. 82,497 Maintenance .. .. .. .. .. •• •• •• .... .. 11,404 .. 122,122* .. .. .. 133,526 Losses and vacant tenancies .. 191 .. .. .. .. • • • • • • 1,053 .. 31,667* .. .. .. 32,911 Rent .. .. .. .. .. . • • • • • • • • • • • • • • • • • • • •• 553 .. 553 Excess of expenditure over revenue, .. 149 .. .. .. •• •• 696 .. 14,371 .. .. .. .. .. 675 transferred to Profit and Loss Account Excess of revenue over expenditure, transferred to— Construction Administration Ac- .. .. .. .. .. | ♦ • • • • • • • • • 556 .. 556 count Profit and Loss Account .. .. .. 5,274 .. 102 .. .. .. .. .. 9,165 Totals .. .. .. 5,719 5,719 12,917 12,917 260 260 1,214 1,214 53,063 53,063 576,538 576,538 6,020 6,020 641,190 641,190

B.—l [Pt. IV}.

HOUSING ACCOUNT—continued. Profit and Loss Account for the Year ended 31st March, 1941. Dr. £ | Cr. £ Balance, Ist April, 1040 .. .. .. .. 116,000 | Balance, Ist April, 1941 .. .. .. .. 118,031 Loss for the year (see combined Revenue and Expenditure Account) .. ... .. .. .. 675 Termites Act expenditure .. .. .. .. 725 Borer-treatment investigation . . . . .. 23 Pre-treatment of timber .. .. .. .. .509 £118,031 £118,031 £ Balance .. .. .. .. .. .. £118,031 Construction Branch : Preliminary Expenses Account as at the 31st March, 1941. Year ended Total to Year ended Total to 31st March, 31st March, 31st March, 31st March. 1041. 1041. 1941. 1941. Dr. £ £ Cr. £ £ Interest during construction .. .. 27,088 64,717 Transfer to Factories and Plant Capital Interest on land purchased .. .. 13,676 28,303 Account .. .. .. .. .. 746 Advertising .. .. . . .. 807 3, 340 Army Department construction : RecoupAudit fees .. .. .. .. 035 3,175 ment of supervision charges .. .. 174 1,149 Depreciation .. .. .. .. 1,582 3,339 Air Department construction: RecoupLight, heating, and cleaning .. .. 935 2,004 ment of supervision charges .. .. 4,295 4,295' Plans and schedules .. .. .. 3,358 22,447 Public Works Department construction: Quantity surveying .. .. .. 471 2,418 Recoupment of supervision charges .. 223 223 Valuation fees .. .. .. 1,237 9,995 Springs-Ellesmere Electric-power Board: Postages and telegrams .. .. 1,277 • 3,232 Recoupment of supervision charges .. 59 59 Printing and stationery .. .. 2,044 7,466 Factories : Recoupment of administration Office maintenance (includes adjusting charge .. .. .. .. 50 50 credit) .. .. .. .. Cr. 439 2,076 Factories: Surplus for year .. .. 556 556 Motor-vehicle maintenance .. '.. 2,287 4,652 Insurance commission: Builders'risk .. 694 694 Rent .. .. .. .. 5,968 14,043 Rentals: Land held pending erection of Salaries .. .. .. .. 108,538 288,646 dwellings .. .. .. .. 5,372 6,763 Telephones .. .. .. .. 1,822 4,319 Transfers to Capital Account: Rented Travelling-expenses .. .. .. 6,489 21,533 properties (new) .. .. .. 373,585 373,585 Workers'compensation insurance .. 882 7,205 Balance .. .. .. .. .. 128,950 Administration costs payable to State Advances Corporation .. .. 6.000 22,279 Contingencies.. .. .. .. 191 981 Balance .. .. .. 199,770 £385,008 £517,070 £385,008 £517,070 £ Balance .. .. .. .. £128,950

B. —1 [Pt. IV].

HOUSING ACCOUNT —continued. Balance-sheet as at 31st March, 1941. liabilities Assets. £ £ Loan liability .. .. 16,918,945 Principal owing under agreement for Interest on loan liability overdue and accrued .. 103,748 sale and purchase ... Liability to Consolidated Fund in terms of section 22, Advances under - Finance Act, 1926 .. .. •• ■■ 100 Part 111, Housing Act, 1.91.9 (loans to Sundry creditors — £ employers) . ~ ' Deposits on contracts.. .. 38,149 Part V, Housing Act, 1919 (local Tenancy deposits 10,312 authorities: Urban housing) .. 423,342 Rent paid in advance.. .. •• 5,097 Rural Housing Act, 1939 .. 50, 122 Departmental 5.710 — Miscellaneous .. •• •• »,»»- . . > 68,150 j Instalments of principal overdue .. 0,2b3 Insurance fund .. 60,925 ; Interest Receivable Sinking Fund Reserve 2,350 Overdue .. ■■ Reserves on dwellings completed under new housing Accrued .. •• • • scheme (rates, maintenance, bad debts and vacant Insurance premiums receivable overdue SI tenancies) .. .. •• •• 257,556 Recoverable expenditure .. 82 605,614 Less amount in hand unallocated . . 2,139 603,475 Rented properties (old) .. ■■ 520,122 Less depreciation reserve .. .. 40,569 179 55*} Rented properties (new) .. ■ 13,752,015 Less depreciation reserve .. . . 153,636 13,598,379 Dwellings in course of construction under new housing scheme .. • • • ■ 1 > 359, 156 Freehold land .. •• Factories and Plant Capital Account .. .. .5,),539 Plant, tools, and machinery .. .. • ■ 3,®®o Stores .• ■ • • ■ • • • • Motor-vehicles '.. •• •• e 171 Furniture and equipment .. .. 8,174 Construction Branch preliminary expenses in respect of dwellings in course of construction .. . • • • ■ ■ "8 >950 Rent receivable — Overdue • • ■ • • ■ .14,351 Postponed .. • • • • ®"0 Accrued h ' o4o Sinking Fund investment held by Public Debt Redemption Fund .. . ■ • • «> '05 r Insurance Fund Investment (Government Stock) and accrued interest .. . ■ J,859 Sundry Debtors — Departmental .. • • • ■ 03, 502 Miscellaneous .. •• 8,045 b1,597 Realization Suspense .. •• ■■ 2,239 Profit and Loss Account .. ■■ ■■ Cash in bank 82 - bBfa £17,411,774 £17,411,774 • See analysed statement above. t XhU amount *** * R. Robertson, Chief Accountant. A. D. Park, F.I. A.N.Z., F.R,A.N.Z.\j Q - nt Managing Directors. T. N. Smallwood J 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. Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. IV].

DEPARTMENT OF LABOUR (INDUSTRIAL DIVISION). Income and Expenditure Account foe the Yeak ended 31st March, 1941. Expenditure. £ Income. £ Salaries, agents'allowances, and overtime .. .. 71,641 Penalties for breaches of awards, &c. .. .. 437 Fees to assessors on Conciliation Councils .. .. 3,100 Factory-registration fees .. .. .. .. 4,017 Rent, heating, and lighting of offices .. .. 6,489 Servants' Registry Office license fees .. .. 14 Postages, telegrams, and telephones .. .. .. 3,751 Weights and measures verification fees .. .. 10,176 Printing, stationery, office requisites, and advertising .. 4,061 Sales of departmental publications, &e. .. .. 318 Travelling allowances and expenses, including main- Excess of expenditure over income before charging tenance of motor-vehicles and bicycles and freight .. 4,707 interest carried down .. .. .. .. 98,335 Travelling-expenses of Conciliation Councils, Industrial Emergency Councils, and Arbitration and Compensation Courts ' .. .. .. .. .. 7,280 Miscellaneous expenses .. .. .. .. 108 Expenses of delegation to Conference of International Labour Office .. .. .. .. .. 1,108 Waterfront Control Commission expenses, including salaries .. .. .. .. .. 8,786 Provision for depreciation of assets .. .. .. 1,185 Bad debts .. .. .. .. .. 1,681 £113,897 £113,897 £ _ £ Excess of expenditure over income before charging interest Excess of expenditure over income .. .. 98,771 brought down .. .. .. .. .. 98,335 Interest on capital .. .. .. .. 436 £98,771 £98,771 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Capital .. .. .. .. .. .. 10,607 Motor-cars, motor-cycles, and bicycles .. .. 1,325 Creditors .. .. .. .. .. 3,117 Furniture and fittings .. .. .. .. 4,016 Reserve for bad debts .. .. .. .. 2,090 Mechanical office appliances .. .. .. 579 Amounts held on deposit .. .. .. .. 1,021 Library books .. .. .. .. .. 1,463 Writings-off Suspense Account .. .. .. 157 Weights and measures standards .. .. .. 3,224 Treasury Adjustment Account .. .. .. 101,351 Stationery .. .. .. .. .. 354 Stamps .. .. .. .. .. .. 242 Payments in advance .. .. .. .. 27 Debtors .. .. .. .. .. .. 7,155 Assets in Suspense .. .. .. .. 157 Deposit Accounts .. .. .. .. .. 1,021 Cash in hand .. .. .. .. „.. 9 Excess of expenditure over income .. .. .. 98,771 £118,343 £118,343 Henry E. Moston, Secretary of Labour. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. IV].

LAND AND DEEDS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. £ Income. £ Salaries .. .. . • • ■ • ■ .. 40,842 Land transfer fees— Advertising .. .. .. ... •. 193 General .. ■■ * ■ .. ..59,597 Binding .. .. .. .. ■■ 261 Compulsory registrations .. ... .. .. 3,901 Draughtsmen's work .. .. .. .. 13,935 Deeds registration fees .. .. .. .. 435 Freight and cartage .. ■. .. .. 29 Land and income tax registration fees .. .. 212 Fuel and light .. • . . • • ■ .. 296 Recoveries on account of previous years .. .. 26 Office equipment .. .. .. .. •• 48 Balance carried down .. .. .. .. 1,597 Office cleaning .. . . . - •. • • 182 Postages .. ... .. .. • • • • 270 Printing and stationery . . ... .. .. 418 Rent .. .. . . ■ ■ • • ■ • 7,672 Telephone services .. . . . . . . .. 274 Transfer expenses . . .. .. .. .. 440 Travelling-expenses .. . . .. •. 18 Typewriters . . . . . . .. . . 14 Depreciation . . . • • ■ . 876 £65,768 £65,768 £ £ Balance down .. .. .. .. .. 1,597 Excess of expenditure over income .. .. .. 1,799 Interest on capital . . . . . . . ■ • • 202 £1,799 £1,799 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Capital .. .. .. .. •• 4,779 Furniture .. .. .. .. .. .. 4,244 Creditors— £ Mechanical appliances . . .. . . .. 68 Departmental ■■. .. .. .. 3,046 Library .. .. .. .. .. .. 467 Sundry .. .. .. • • • • 747 Debtors: Departmental .. .. .. .. 137 3,793 Treasury Adjustment Account .. .. .. .1,857 Excess of expenditure over income .. .. .. 1,799 £8,572 £8,572 Note. —The value of free searches (calculated at ordinary search-fee rates) made by local bodies, surveyors, and Government Departments during the year ending 31st March, 1941, was £5,200. P. G. Pearce, Secretary for Land and Deeds. I hereby certify that the Income and Expenditure Account and. Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts-generally as appearing at commencement of parliamentary return 8.-I [Pt. Vl]. —Cyril G. Collins, Controller and Auditor-General.

LANDS AND SURVEY DEPARTMENT. BLUFF HARBOUR ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1941. Receipts. Payments. Balance in Local Bodies' Deposit Account of Receiver of £ Administration expenses (section 4, Land Laws Amendment £ Land Revenue, Invercargill, at Ist April, 1940 .. 71 Act, 1927) .. .. .. .. .. 46 Rents .. .. ■ • ■ ■ ■ • • ■ 935 Payments to Bluff Harbour Board under section 132, l Harbour Act, 1923 .. . . .. . . 879 Balance in Local Bodies' Deposit Account of Receiver of l Land Revenue, Invercargill, at 31st March, 1941 .. 81 £1,008 £1,006 Revenue Account for the Year ended 31st March, 1941. Dr. £ Gr. ■ £ Administration expenses .. . . . • 47 Balance from previous year .. .. .. .. 838 Amount due to Bluff Harbour Board .. .. 889 Accrued rents .. .. .. .. .. 1,003 Remission under Land Act, .1924 , . . . . . 164 Balance, carried forward .. . . . . 741 ! £1,841 1 £1,841 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Capital .. .. .. •• •• 25,363 Endowment lands .. .. .. .. .. 25,362 Rent charged in advance .. .. .. . . 401 Sundry debtors for rent .. .. .. .. 834 Bluff Harbour Board: Amount not yet paid over . . 77 Postponed rent .. .. . . .. .. 309 Sundry creditors : Administration expenses . . .. 4 Cash in Local Bodies' Deposit Account . . . . 81 Revenue Account .. .. . . . • • • 741 £26,586 £26,586 R. G. Macmorran, Under-Secretary for Lands. G. 1. Beeson, Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Revenue Acount, 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. —Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV].

LANDS AND SURVEY DEPARTMENT—continued. GORE HIGH SCHOOL ENDOWMENT ACCOUNT. Receipts and Payments Account fob the Year ended 31st March, 1941. Receipts. £ Payments. £ Rents .. .. .. .. .. .. 65 Administration expenses (section 4, Land Laws Amendment Act, 1927) .. .. .. .. * ..3 Payment to Board of Governors of Gore High School under section 89, Reserves and Other Lands Disposal and Public Bodies Empowering Act, 1919 .. .. .. .. 62 £65 £65 Revenue Account for the Year ended 31st March, 1941. Dr. £ Gr. £ Balance brought forward from previous year .. .. 16 Accrued rent .. .. .. .. .. .. 65 Administration expenses .. .. .. 3 Balance carried forward .. .. .. .. 16 Amount due to Board of Governors .. .. .. 62 £81 £81 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Capital .. .. .. .. .. .. 1,300 Land .. .. .. .. .. .. 1,300 Rents charged in advance .. .. .. .. 16 Revenue Account: Balance carried forward .. .. 16 £1,316 £1,316 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief 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. —Cyril G. Collins, Controller and Auditor-General. GREYMOUTH TECHNICAL AND HOKITIKA HIGH SCHOOLS ACCOUNT. Receipts and Payments Account foe the Year ended 31st March, 1941. Receipts. £ Payments. Balance at Ist April, 1940, cash in Treasury Deposit Account 267 Amounts paid to High Schools— £ Rents .. .. .. .. .. .. 196 Greymouth .. .. .. .. 77 Hokitika .. .. .. .. .. 77 Reimbursement of Primary Education Deposit Account: Rents wrongly credited in previous years .. .. 201 Administration expenses (section 31, Education Reserves Act, 1928) .. .. .. .. .. .. 5 Balance at 31st March, 1941 : Cash in Treasury Deposit Account .. .. .. .. .. .. 103 £463 £463 Revenue Account for the Year ended 31st March, 1941. Dr. £ Gr. £ Allocation to high schools— Accrued rents .. .. .. .. .. 254 Greymouth .. .. .. .. 77 Hokitika .. .. .. .. .. 77 Administration expenses .. .. .. .. 10 Balance carried down .. .. .. .. 90 £254 £254 £ £ Balance carried forward .. .. .. 172 Balance brought down .. .. .. 90 Balance brought forward .. .. .. 67 Recovery of administration expenses overcharged in previous years .. .. .. .. .. 15 £172 £172 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. Capital .. .. .. .. .. .. 5,443 Land— £ £ Reserve Account: Rents diverted to repayment of advances Leased .. .. .. .. .. 6,156 from Consolidated Fund .. .. .. 1,136 Unleased .. .. .. .. 423 Rents charged but not due .. .. .. .. 61 6,579 Revenue Account .. .. .. .. .. 172 Sundry debtors for rent .. .. .. .. 125 Departmental dobtor : Administration expenses overpaid in previous years .. .. .. .. 5 Cash: Treasury Deposit Account .. .. .. 103 £6,812 £6,812 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief 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.—Cyril G. Collins, Controller and Auditor-General.

4—B. 1 [PT. IV].

B.—l [PT. IV].

LANDS AN© 'SURVEY DEPARTMENT—continued. NEW ZEALAND UNIVERSITY ENDOWMENT ACCOUNT (WESTLAND). Receipts and Payments Account for the Year ended 31st March, 1941. Receipts. Payments. £ Balance in Treasury Deposit Account at Ist April, 1940— £ Administration expenses (section 4, Land Laws Amendment £ Act, 1927) .. .. .. .. .. 5 ■Cash • • ■ • • • • ■ • ■ Balance in Treasury Deposit Account at 31st March, 1941 Investments .. .. .. .. 3,850 £ 4,148 Cash .. .. .. .. .. 536 Rents .. .. .. .. •• 105 Investments .. .. .. .. 3,850 Interest on investments .. .. .. .. 138 4,386 £4,391 £4,391 Revenue Account for the Year ended 31st March, 1941. Dr. £ Gr. £ Administration expenses .. .. .. .. 5 Accrued rent .. .. .. .. .. 102 Balance transferred to Capital Account .. .. .. 235 Interest on investments .. .. .. .. 138 £240 £240 Balance-sheet as at 31st March, 1941. Liabilities. Assets. £ Capital— £ £ Land .. .. .. .. .. .. 2,195 Balance at Ist April, 1940 .. ... ... 6,346 Sundry debtors for rent .. .. .. .. 4 Transfer from Revenue Account .. 235 Cash in Treasury Deposit Account .. .. .. 4,386 6,581 Interest accrued on investments .. .. .. 24 Rents paid in advance .. .. .. .. 3 Rents due but not accrued ........ 25 £6,609 £6,609 R. G. Macmoeran, Under-Secretary for Lands. G. I. Beeson, Chief 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.—Cyril G. Collins, Controller and Auditor-General. NORTH ISLAND EXPERIMENTAL DAIRY SCHOOL ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1941. Receipts. j Payments. £ Balance in Treasury Deposit Account at Ist Administration expenses (section 4, Land Laws AmendApril, 1940 — £ £ ment Act, 1927) .. .. .. .. 16 -Gash .. .. .. .. .. 108 Payments to Massey Agriculture College for benefit Dairy Investments .. .. .. .. 11,500 Research Institute .. .. .. .. 568 11,608 Balance in Treasury Deposit Account at 31st March, 1941— Rents .. .. . . .. .. .. 325 £ Interest on investments .. .. .. .. 430 Cash .. .. .. .. .. 279 Investments .. . . .. .. 11,500 11,779 £12,363 £12,363 Revenue Account for the Year ended 31st March, 1941. Dr. £ Gr. £ Administration expenses .. .. .. . . 10 Accrued rent .. .. .. .. .. 276 Massey Agriculture College .. .. .. .. 568 Interest on investments .. .. .. .. 430 Balance carried down .. .. .. .. 122 £706 £706 £ ~£~ Balance: Surplus to 31st March, 1941 .. .. 11,790 Balance from previous year .. .. .. .. 11,668 Balance brought down .. .. .. .. 122 £11,790 £11,790 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ -Capital .. .. .. .. ... .. 4,845 Leased land .. .. .. .. .. 4,625 Rents charged but not accrued .. .. .. 56 Plantation .. .. .. .. ~ 220 Revenue Account — £ Interest on investments accrued but not due .. .. 67 Balance, Ist April, 1940 .. .. . . 11,668 Treasury Deposit Account— £ Surplus for year .. .. .. .. 122 Cash .. .. .. .. .. 279 11,790 Investments .. .. .. .. 11,500 ■ — 11,779 £16,691 £16,691 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief 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.—Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. IV].

LANDS AND SURVEY DEPARTMENT—continued. TARANAKI SCHOLARSHIP ENDOWMENT ACCOUNT. Receipts and Payments Account fob the Year ended 31st Maeoh, 1941. Receipts. £ Payments. £ Balance in Treasury Deposit Account at Ist April, 1940.. 432 Administration expenses (section 4, Land Laws Amendments .. .. .. .. .. .. 944 me nt Act, 1927).. .. .. .. .. 47 Public Trustee (section 22, Now Zealand University Amendment Act, 1914) .. .. .. .. 1,321 Balance in Treasury Deposit Account at 31st March, 1941 8 £1,376 £1,376 Revenue Account foe the Year ended 31st March, 1941. Dr. £ Or. £ Administration expenses .. .. .. .. 47 Accrued rent ... .. .. .. . . 939 Balance carried down .. .. .. .. 892 £939 £939 £ IT Balance brought forward from previous year .. .. 230 Balance brought down .. .. .. .. 892 Amount due to Public Trustee .. .. .. 897 Balance carried forward .. .. .. .. 235 £1,127 j £1,127 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. Capital .. .. .. .. .. .. 19,343 Endowment lands— £ £ Public Trustee: Amount not yet paid over .. .. 8 Leased .. .. .. .. .. 19,331 Rents due but not accrued .. .. .. .. 235 Unleased .. .. .. .. 12 19,343 Revenue Account: Balance carried forward .. .. 235 ■ Cash in Treasury Deposit Account .. .. .. 8 £19,586 1 £19,586 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief 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.—Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. IV].

LEGISLATIVE DEPARTMENT. Income and Expenditure Account fob the Year ended 31st March, 1941. Expenditure. £ Income. £ Salaries .. .. •• •• 46,121 Excess of expenditure over income brought down .. 191,100 Fuel, light, &c. .. .. •• •• •• 3,193 Laundry .. • • • • • • ■ • 393 Maintenance of grounds .. .. .. 1,218 Newspapers, postages, printing, and stationery .. 13,557 • Maintenance and repairs : Furniture and fittings .. 579 Postage-stamps supplied to members .. .. 2,895 Statistical publications supplied to members .. .. 565 Honoraria and allowances to members .. .. 44,769 Telephone concessions to members .. .. .. 1,121 Railway concessions and travelling-oxpenses of members 30,334 Miscellaneous stores .. .. •. • • 404 Telephones .. .. • • • • • • 728 Rent 28,561 Depreciation on furniture, fittings, Library, &c. .. 6,586 Bellamy's— £ Salaries .. .. •• •• 6,991 Printing and stationery .. .. .. 60 Maintenance of staff .. .. .. 785 Laundry .. . ■ • • • • 148 Cleaning .. • • • ■ • • 225 Fuel 670 Depreciation on linen, glassware, furniture, and fittings .. .. • • ■ • 54 ■ Rent 1,000 Stores : Deficiencies and breakages .. 143 10,076 £191,100 £191,100 £ £ Excess of expenditure over income brought down .. 191,100 Excess of expenditure over income after charging interest Interest on capital— £ 011 capital .. .. .. ■ • • ■ , Legislative .. .. •• •• 1,058 Bellamy's .. •• •• ™ £192,236 £192,236 Balance-sheet as at 31st March, 1941. Liabilities. Assets. Capital £ Bellamy's Silverware Account .. .. .. 1,860 Legislative 24,809 Furniture and fittings— £ ■Rellamv's .. .. •• 1,960 Legislative .. .. .. •• 6,468 Bellamys 26>769 Be Tl amy ' s 101 Creditors .. •• •• 83i 6 ' 569 Writings-oil in Suspense 180 General Assembly Library .. .. .. .. 16,017 Treasury Adjustment Account 194,632 Books of reference statutes, and publications, &c. .. 3,230 Bellamy's linen, glassware, crockery, &c. .. .. s Tools and miscellaneous stores .. . • • • 472 Assets in Suspense .. .. • • ■ • 180 Debtors .. .. .. • • • • • • 415 Balance of Income and Expenditure Account .. 192,236 £222,412 £222,412 T. D. H. Hall, Clerk of tie House of Representatives. 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].— Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV].

MAIN HIGHWAYS ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1941, and Total to Date.

Total since Total since TfYPifismrPTTRif Total for Inception of Main Turmivrp , Total for Inception of Main EXPENDITURE. Year 1940-41. Highways Act, 1922, I-NCOME. Year 1940-41. Highways Act, 1822 to 31/3/41. to 31/3/41. £ £ Loans raised under Main Highways Act, 1922 —• £ £ Net expenditure on construction, renewals, maintenance, &c. (see separate 2,659,002 31,776 ,674 Stock and Debentures issued — statement) At 3 per cent, interest .. .. .. .. .. .. 1,746,000 5,491,725 Administration — At 3J per cent, interest .. .. .. .. .. • ■ 677,890 Administration expenses (including salaries, travelling-expenses, £ At 3f per cent, interest .. .. .. .. .. 190,895 office rents, printing, stationery, postages, and miscellaneous At 4 per cent, interest .. .. .. .. .. .. 17,605 1,442,937 expenses) .. .. .. .. .. .. 189,797 .. 1,162,183 At 4J per cent, interest .. .. .. .. .. .. 542,005 Fees and travelling-expenses of members of the Main Highways Treasury bills and notes — Board other than Government members .. .. 770 .. 20,175 At various rates of interest .. .. .. .. .. 1,046,975 2,605,000 Miscellaneous expenses — Securities redeemed, Loans Redemption Account .. .. .. .. 2,850,650 Advertising, maps, rent of halls, traffic tallies, transport of Consolidated Fund —Public Debt Repayment Account .. .. .. 55,720 samples, depreciation of furniture, &c. .. .. 82 .. 6,198 — Compassionate grants to widows and relatives of deceased 2,810,580 13,856 ,822 employees.. .. .. .. .. .. .. .. 4,000 Finance Act, 1932, section 55—Premium on exchange .. .. Dr. 121,875 Compensation under section 3, Public Works Amendment Receipts under section 15, Finance Act, 1923, from Public Works Fund, • Act, 1925 .. .. ,. .. .. .. .. .. 1,015 General Purposes Account (at 5 per cent, interest) .. .. .. .. 1,226,000 Exchange on remittances .. .. .. .. 1,615 .. 9,705 Income from — Grant to Transport Department towards Traffic inspection.. 10,000 .. 42,906 Motor-registration licenses, fees, and fines (section 24, Motor- £ Petrological laboratory and other experimental work, vehicles Act, 1924) .. .. .. .. .. 579,058 Expenses of .. .. .. .. .. 1,253 .. 14,251 Less Commission on collection by Post, and Telegraph Departmerit- — £ Total administration .. .. .. —— 203,517 1,260,433 Motor-registration fees and licenses .. .. 23,874 Loan charges — = Fees for registration of change of ownership .. 8,424 Charges and expenses of raising loans, management charges of 32,298 Consolidated Stock on account of Construction Fund, &c. .. 164 .. 72,830 546,760 6,512,680 Interest on amount appropriated out of Public Works Fund and Interest from investments .. .. .. .. .. .. 439 218,408 paid into Main Highways Account Construction Fund .. 61,300 .. 674,300 Interest from local authorities on plant purchased on their behalf .. 3,530 34,375 Interest on loans, recoupment to Consolidated Fund (section 4, Interest on advances to local authorities .. .. .. .. 2,913 40,009 Finance Act, 1919) .. .. .. .. .. 314,500 .. 1,908,948 Mileage Tax (Finance Act, 1931— 32 (No. 2), section 19) .. .. 11,197 42,871 Transfer to reserve for redemption of main highway securities .. 1,647,080 .. 2,790,490* Miscellaneous receipts .. .. .. .. .. . • 10,653 15,749 Payment to local authorities in commutation of toll-gate charges Motor-spirits tax (section 9, Motor-spirits Taxation Act, 1927) .. .. 1,581,793 17,256,780 (Finance Act, 1925. section 20) .. .. .. 1,522 .. 31,724 Tire-duty (sections 13 and 14, Main Highways Act, 1922) .. .. 62,888 2,533,273 Payment to Wellington City Council in commutation of fees Transfer from Consolidated Fund (section 14, Main Highways Act, 1922) .. 210,000 chargeable in respect of motor-vehicles using Hutt Road Rent of and tolls from ferries .. .. .. .. .. .. 2,082 (Finance Act, 1927 (No. 2), section 33) .. .. .. 25,786 .. 304,411 Temporary transfers from other accounts .. .. .. .. 150,000 150,000 Total loan charges .. .. .. 2,050,352 5,782,703 Subsidies, &c., in respect of other than main highways — Municipal Corporations (Municipal Corporations Act, 1933, section 71) .. .. .. .. .. .. 35,656 .. 309,101 County Councils and other local authorities (Finance Act, 1930, section 37) .. .. .. .. .. .. 177,980 .. 1,837,337 Subsidies to County Councils for rebate to ratepayers (Finance Act (No. 4), 1931, section 45) .. .. .. .. .. .. 253,893 Subsidy on rates levied on farming land (Finance Act (No. 3), 1934 ; section 28) .. .. .. .. .. Gr. 179 .. 364,252 Maintenance and construction of roads giving access to outlying areas (Finance Act (No. 3), 1931) .. .. .. .. .. 45,918 Total subsidies .. .. .. .. — 213,457 2,810,501 Balance, being excess of income over expenditure, carried to general balance-sheet .. .. .. .. .. .. Gr. 67,450 468,738 £5,058,878 £42,099,049 £5,058,878 £42,099,049 * Excludes £60,408 10s. 7d. interest- credited. Note. —No charge for the cost of exchange on interest payments made in London is included in the accounts.

B.—l [PT. IV],

MAIN HIGHWAYS ACCOUNT— continued. General Balance-sheet as at 31st March, 1941.

J. W. Scott, A.R.A.N.Z., Chief Accountant, Public Works Department. W. L. Newnham, Chairman, Main Highways Board. 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 departmental notes enfaced thereon.— -Cyril G. Collins, Controller and Auditor-General.

LIABILITIES. Total. _ ASSETS. Total. £ £ £ £ Excess of income over expenditure for 1940-41 .. .. .. Dr. 67,450 Cash in Public Account — Add Balance at 31/3/40 .. .. .. .. .. .. 536,188 At call .. .. .. .. .. .. .. .. 15,931 468,738 Sundry debtors — Sundry creditors — , Public Works Department .. .. .. .. .. 34,862 Public Works Department .. .. .. .. .. 45,081 ! Other Government Departments .. .. .. .. .. 4,199 Other Government Departments . .. .. .. .. 4,989 Non-departmental .. .. .. .. .-. .. 5,584 Non-departmental .. .. .. .. .. .. 153,953 44,645 204,023 Advances to local authorities (Main Highways Amendment Act, 1926, Interest accrued on loans .. .. .. .. .. .. .. 68,389 section 2) .. .. .. .. .. .. .. 73,573 Reserves for redemption of securities .. .. .. .. .. 249 Motor-registration fees in hands of Postal Department .. .. .. 7,147 Writing-ofi in Suspense .. .. .. .. .. .. .. 4,414 Interest due and acerued ... .. .. .. .. ,. 2,285 Buildings and land .. .. .. .. .. .. .. 78,567 | Stocks of materials, tools, &c. .. .. .. .. .. 197,609 Furniture, fittings, &c. — Expenditure to 31/3/41 .. .. .. .. .. .. 938 Less depreciation to 31/3/41 .. .. .. .. .. 672 , 260 Plant and equipment — For Main Highways Board — Expenditure to 31/3/41 .. .. .. .. .. 636,157 Less depreciation charged to works .. .. .. .. 381, 838 — 254,319 Purchased for local authorities — ' Expenditure to 31/3/41 .. .. .. .. .. 350,739 Less repayments of principal .. .. .. .. .. 283,931 66,808 Amount transferred to Loans Redemption Account .. .. .. 2,850,899 * Less amount utilized for redemption of securities .. .. .. 2,850,650 249 Stocks Deficits Account .. .. .. .. .. .. .. 4,414 £745,813 £745,813 Notes. —(a) No liability is included for interest on loans redeemed out of Public Debt Repayment Account. (6) The two funds, previously known as "Construction" and "Revenue," were amalgamated as from 1st April, 1936, and are now termed the "Main Highways Account," in accordance with section 3, Finance Act (No. 2), 1935.

B.—l [Pt. IV],

MARINE DEPARTMENT. HEAD OFFICE. Income and Expenditure Account foe the Yeah ended 31st March, 1941. Expenditure. £ Income. £ Salaries .. .. .. .. .. 10,068 Sale of surplus, &c., stores .. .. .. .. 2 Kent .. .. .. .. .. l ,429 Miscellaneous receipts . . .. .. .. G Fuel, light, power, &c. .. .. .. 65 Balance carried down .. .. .. .. 12,806 Printing and stationery .. .. .. .. 210 Office fittings and requisites .. .. .. .. 151 Postages, telegrams, and rent of boxes .. .. 290 Telephone rentals, &c. .. .. .. .. 209 Books, newspapers, &c. .. .. .. .. 46 Maintenance of typewriters, &c. .. .. .. 12 Overtime and meal allowances .. .. .. 14 Removal of offices .. .. .. .. .. 197 Transfer expenses .. .. .. .. .. '6 Travelling-expenses.. .. .. .. .. 147 Depreciation : Furniture and equipment .. .. 30 £12,874: '£12,874 £ £ Balance brought down .. .. .. .. 12,866 Apportionment of cost of administration to branches— Interest on capital .. .. .. .. .. 19 Mercantile Marine Branch.. .. .. .. 8,177 Harbours Branch .. .. .. .. 583 Inspection of Machinery Branch .. .. .. 2,587 Fisheries Branch .. .. .. .. 888 Westport Harbour Account .. .. . . 600 Rock Oyster Industry Account .. .. .. 50 £12,885, £12,885 MERCANTILE MARINE BRANCH. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. Income. £ Lighthouses— £ £ Light dues .. .. .. .. .. 84,117 General maintenance .. .. .. 31,979 Survey of ships .. .. .. .. .. 3,804 Working-expenses of tender .. .. 28,424 Engagement and discharge of seamen .. .. 2,'117 60,403 Fines and forfeitures .. .. .. .. 123 Mercantile Marine offices, &c. : — Deck-cargo lioenses .. .. .. .. 45 Salaries .. .. .. .. 17,551 Plans of vessels, preparation and examination of 7 Services of Customs officers .. .. 1,935 Examination fees .. .. .. .. .. 299 Services of Post and Telegraph Department Recoupment overtime: Surveyors of ships .. .. 696 officers .. .. .. .. 50 Sale of charts, books, and forms .. .. .. 1,200 Coastal survey .. .. .. .. 4,692 Sale of" New Zealand Nautical Almanac" .. .. 179 Rent .. .. .. .. .. 1,540 Registry of shipping fees .. .. .. .. 139 Removal of offices .. ... .. 67 Salvage .. .. i. .. .. .. 94 Fuel, light, &o. . . .. .. .. 24 Bahamas Island light dues, commission on collection of 41 Printing and stationery . . .. .. 269 Bluff - Stewart Island steamer service : Mail subsidy .. 633 Office fittings and requisites .. .. 78 Costs awarded the Department: Prosecutions under Postage, telegrams, and rent of boxes . . 122 the Shipping and Seamen Act .. .. .. 15 Telephone rentals, &e. .. .. .. 312 Fares, freight, &c. .. .. .. .. 452 Books, newspapers, &c. .. .. .. 112 Services of lighthouse tender in respect of harbours .. 80 Legal expenses .. .. .. .. 18 Hire of lighthouse tender .. .. .. .. 3,366 Inquiries into shipping casualties .. .. 105 Rents of buildings and reserves .. .. .. ' 152 Overtime ... .. .. .. 805 Sale of surplus and obsolete, &c., stores .. .. 253 Salvage expenses .. .. .. 3 Miscellaneous receipts .. .. .. .. 2 Transfer expenses .. .. .. 7 Balance carried down .. .. .. .. 18,549 Travelling-expenses .. .. .. 766 Examination expenses .. .. .. 254 Charts, saleable books, and forms .. .. 1,066 " New Zealand Nautical Almanac " .. 621 Preparation of tide-tables .. .. 550 Checking passenger traffic .. .. 208 ; Relief of distressed seamen .. .. 24 Grant to Imperial Shipping Committee .. 16 Shipping subsidies:— Bluff - Stewart Island steamer service .. 850 Chatham Islands .. .. .. 1,296 Great Barrier .. .. .. 188 Miscellaneous expenses .. .. .. 2 33,531j Head Office administration .. .. .. 8,177 Depreciation:— Buildings .. .. . . ... 2,878 G.s.s. " Matai" .. .. .. 4,057 Lighthouses .. .. .. .. 6,590 Furniture and equipment .. . . 727 14,252 £116,363 £116,363 £ £ Balance brought down .. .. .. .. 18,549 Excess of expenditure over income . . .. .. 31 949 Interest on capital .. .. .. .. 13,400 £31,949 £31,949

B. -l- [PT. IV].

MARINE DEPARTMENT—continued. HARBOURS BRANCH. Income and Expenditure Account fob the Year ended 31st Maech, 1941. Expenditure. £ Income. £ Salaries and wages .. .. .. •• 1,378 Pilotage .. .i .. .. .. .. 429 Repairs and maintenance .. .. .. .. 175 Port charges .. .. .. .. .. 596 Launches : Repairs and maintenance .. .. •. 233 Wharfage .. .. .. .. .. .. 240 Services of lighthouse steamer .. .. .. 80 Harbour boat license fees .. .. .. .. 10 Supervision and maintenance of foreshore .. .. 989 Watermen's license fees .. .. .. .. 1 ]} en t ~ .. .. .. .. .. 27 Contributions from local authorities— £ Office expenses .. .. .. ■ • • • 19 French Pass Wharf .. .. .. 172 Printing and stationery .. .. . . • • 17 Havelock Wharf .. .. .. .. 130 Telephone rentals, &c. .. . • 39 Okuru Harbour .. .. .. .. 30 Transfer expenses .. .. . • • • ■ • 2 Coromandel County Council .. .. 10 Travelling-expenses .. .. • • ■ • ■ • 31 342 French Pass waiting-shed .. .. ... 232 Foreshore rentals .. .. .. .. .. 633 Little Wanganui Wharf: Repairs .. .. .. 96 Royalty on shingle, sand, &c. .. .. ..2,229 Grants and" subsidies .. .. ■■ 340 Order in Council and permit fees .. .. .. 35 Head Office administration .. .. .. ■ • 583 Rents of buildings and reserves .. .. .. 73 Depreciation — £ Sale books .. .. .. .. .. 8 Buildings .. •• •• •• 113 Sale of surplus, &c., stores .. .. .. .. 9 Equipment, launches, &c. .. .. .. 638 Services to Customs Department .. .. .. 90 751 Miscellaneous .. .. .. .. .. 2 Balance carried down .. .. .. .. 295 £4,992 £4,992 £ £ Balance brought down .. .. ■ • ■ • 295 Excess of expenditure over income .. .. .. 705 Interest on capital .. .. • • • ■ • • 410 £705 £705 INSPECTION OF MACHINERY BRANCH. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. £ Income. £ Salaries .. .. •• •• •• 14,980 Inspection fees .. .. .. .. .. 21,272 ]j on t _ _ .. .. .. .. .. 827 Examination fees .. .. .. .. .. 409 Printing and stationery .. .. .. .. 248 Drawings, examination of .. .. .. .. 310 Office fittings and requisites .. .. .. .. 113 Sale of publications .. .. .. .. 7 Safety posters .. .. •• •• •• 11 Recoupment overtime: Inspectors of Machinery .. 143 Postage, telegrams, and rent of boxes .. .. 357 Costs awarded the Department : Prosecutions under the Telephone rentals, &c. .. .. .. •• 252 Inspection of Machinery Act .. .. .. 2 Commission on revenue collected by Post and Telegraph Miscellaneous receipts .. .. .. .. 5 Department .. .. .. • • • • 209 Balance carried down .. .. .. .. 465 Books, newspapers, &c. .. .. .. • • 29 Fuel, light, and cleaning .. .. .. • • 51 Legal expenses .. . • • • • • • • p Overtime .. . • • • • ■ • • • • ®2 Removal of offices .. .. .. • ■ • • 60 Transfer expenses .. .. ■ • • • • • 9 Travelling-expenses .. .. • • • • 2,577 Reserve for bad debts .. .. .. 30 Head Office administration .. .. .. 2,587 Depreciation £ Motor-vehicles, &c. .. .. • • 154 Furniture and equipment .. .. .. 34 • 188 £22,613 £22,613 £ —= Balancc brought down .. .. •• •• 465 . ~ Interest on capital 40 Excess of expenditure over income J>os £505 £505

B.—l [PT. IV].

MARINE DEPARTMENT—continued. FISHERIES BRANCH. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. £ Incorn,e. £ Salaries and wages .. ... .. .. .. 5,210 Fishing-boat licenses, registration fees, &e. .. .. 319 Fresh-water fisheries research .. .. .. 1,416 Fresh-water fisheries licenses fees, &c... .. .. 1,225 Salmon fisheries .. .. .. .. .. 1,593 Redemption fees . . . . .. .. .. 90 Dwelling : Repairs and renovation .. .. .. 151 Salmon license fees . . . . .. . . 21 Maintenance of launches .. .. .. .. 381 Toheroa areas: Rentals and license fees .. .. 371 Rent .. .. .. .. . . .. 322 Sale of salmon and salmon ova .. .. .. 29 Removal of offices . . .. .. .. .. 39 Rental of buildings .. .. . . .. 25 Fuel, light, power, &c. .. .. .. .. 5 Launch hire . . .. .. .. .. 4 Printing and stationery .. .. .. .. 189 Sale of publications. . . . .. .. .. 3 Office fittings and requisites .. .. .. .. 121 Sale of stores, &c. .. .. .. . . .. 8 Overtime and meal allowances .. . . . . 5 Costs awarded the Department in connection with prosePostage, telegrams, &c. .. .. .. .. 94 cutions under the Fisheries Act .. .. . . 17 Telephone rentals, &c. .. .. .. .. 102 Balance carried down .. .. .. .. 10,743 Books, newspapers, &c. .. .. .. .. 20 Legal expenses, <fcc... .. .. .. .. 51 Travelling-expenses.. .. .. .. .. 1,008 Fisheries investigation .. .. .. .. 100 Miscellaneous expenses .. .. .. .. 3 Grants and subsidies .. .. .. .. 300 Beserve for bad debts .. .. . . .. 5 Head Office administration . . .. .. .. 888 Depreciation— . £ Buildings .. .. .. 109 Launches, &c. .. .. .. . . 701 Motor-vehicles .. .. . . .. 42 852 £12,855 £12,855 £ £ Balance brought down .. .. .. .. 10,743 Excess of expenditure over income .. .. ~ 12,523 Net loss on rock oyster industry transferred from Profit and Loss Account .. .. .. .. 1,372 Interest on capital . . .. .. . . .. 408 £12,523 £12,523 ROCK OYSTER INDUSTRY. Profit and Loss Account for 1940 Season. Dr. £ Gr. £ Salaries and wages .. .. .. .. .. 6,711 Sales .. .. .. .. .. .. 8,038 Compensation and medical expenses .. .. .. 34 Rent of depot .. .. .. . . .. 06 Maintenance of ketch and launches, &c. .. .. 1,112 Balance carried down .. .. .. 1,085 Freight and cartage .. .. . . .. 476 Stores and materials .. .. . . .. 285 Repairs and replacements to tools, &e. .. . . 40 Wharfage and cranage .. .. .. .. 49 Rent, fuel, light, &c. .. .. .. .. 177 Administration expenses .. .. .. .. 113 Travelling-expenses.. .. .. .. .. 112 Office expenses .. .. . . .. .. 20 Printing and stationery .. .. .. .. 22 Advertising .. .. .. .. .. 6 Depreciation: Launches, &c. .. .. .. 33 £9,189 £9,189 £ £ Balance brought down .. .. .. .. 1,085 Net loss .. .. .. .. .. .. 1,372 Interest on capital .. .. . . •. .. 287 £1,372 £1,372 Note.—This account includes expenditure on oyster-cultivation amounting to £2,503.

s—B.5 —B. 1 [FT. IV].

8.-l [PT. IV].

MARINE DEPARTMENT —continued. Aggregate Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. £ Income. £ Head Office .. .. .. .. •• 1.2,844 Head Office .. .. .. .. .. 8 Mercantile Marine .. .. •• •• 93,934 Mercantile Marine .. .. .. .. 97,814 Harbours .. .. ■ • • • • ■ 3,658 Harbours .. .. .. .. ■ ■ 4,697 Inspection of machinery .. .. .. .. 19,838 Inspection of Machinery .. .. .. 22,148 Fisheries .. .. .. .. •• 20,221 Fisheries .. .. .. .. 10,216 150,495 134,883 Depreciation .. .. .. .. ..16,106 Proportion of administration charges transferred to Westport Harbour Account .. .. . • 600 Balance carried down .. .. .. .. 31,118 £166,601 £166,601 £ Balance brought down .. .. .. 31,118 Balance, being excess of expenditure over income after £ Interest on capital .. .. .. .. 14,564 charging depreciation and interest on capital .. 45,682 £45,682 £45,682 Balance-sheet as at 31st March, 1941. Liabilities. Assets. Capital— £ £ £ Public Works Fund .. .. .. 365,385 Land .. .. .. .. .. .. 28,984 Consolidated Fund .. .. .. 147,960 Buildings .. .. .. .. .. 4,196 Employment Promotion Fund .. . . 138 lighthouses (including land, towers, buildings, furniture, 513,483 apparatus, and equipment) .. .. .. 215,763 Creditors— Fog-signals .. .. .. .. .. 4,356 Departmental .. .. .. .. 1,595 Radio direction-finding beacons .. .. .. -58,808 Sundry .. .. .. •• 3,224 Beacons, buoys, and moorings .. .. .. 4,220 4,819 Gr.s.s. " Matfti" .. .. .. .. 40,987 Rentals, &c., paid in advance .. .. ... 22 Wharves .. .. .. . . ■. 763 Reserve for bad debts .. .. . . • • 533 Harbour equipment (including launches, flagstafts, Deposit Accounts .. .. .. •• ■■ 1,312 signalling-apparatus, tools, &c.) .. .. .. 2,020 Writing-off Reserve Account .. .. .. 371 Oyster-beds .. .. .. .. .. 124,474 Treasury Adjustment Account .. .. .. 52,543 Oyster ketch, launches, and boats . . .. .. 7,661 Fish hatcheries and equipment . . .. .. 1, 232 Fisheries oil-engines and apparatus .. .. .. 427 Motor-vehicles .. .. .. .. .. 125 Automatic flashing-lamps .. .. .. .. 5 Test pumps and pressure-gauges .. .. .. 475 Office furniture and fittings .. .. .. 1,749 Mechanical office appliances .. .. .. 255 Library .. . . .. .. .. . ■ 143 Stores, tools, &c. .. .. .. .. .. 12,148 New Zealand Coastal Survey Suspense Account .. 4,692 Stationery .. .. .. • • • . 340 Charts, saleable books, and forms .. .. .. 1,946 Unemployment-insurance stamps .. .. . . 170 Office stamps .. .. .. .. • • 105 Debtors— £ Departmental .. .. .. .. 1, 982 Sundry .. .. .. .. 7,332 9,314 Writings-off Suspense Account . . .. . . 371. Deposit Cash Account .. .. •• .. 1,312 Cash in Post Office .. . . . . . . 360 Income and Expenditure Account .. .. .. 45,682 £573,083 £573,083 L. B. Campbell, Secretary of Marine. William C. Smith, 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].— Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. IV].

MARINE DEPARTMENT—continued. WEkSTPORT HARBOUR ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. £ Income. £ Dredging .. .. .. .. .. .. 17,385 Special coal rate .. .. .. .. .. 24,295 Harbour-maintenance .. .. .. .. 3,811 Endowment revenue .. .. .. .. 15,826 Breakwater-protective works .. .. .. 2,855 Port dues .. .. .. .. .. .. 4,272 Working-expenses of tug and launch .. .. .. 588 Sale of stores, &e. .. . . .. .. .. 290 Office administration (local) .. .. .. .. 994 Hire of plant .. .. .. .. .. 300 Endowments: Administration expenses .. .. 470 Rent .. .. . . . • . • .. 175 Audit fees .. .. .. . . .. 21 Use of transmission line . . .. . . .. 35 Telephone services . . .. .. . . .. 108 Subsidy from Employment Promotion Fund . . .. 79 Compensation for accidents . . .. . . .. 275 Supervision of explosives magazine .. .. .. 75 Travelling-expenses .. .. .. .. 65 Balance carried down .. .. .. .. 1,608 Miscellaneous .. .. .. .. .. 3 Head Office administration .. . . .. .. 600 Depreciation— £ Buildings .. . . .. .. 139 Dredge wharf, &c. .. •. •. 137 Dredges, launches, &e. .. .. .. 2,144 2,420 Interest on loans .. .. .. .. .. 17,360 £46,955 £46,955 £ £ Balance brought down .. .. .. .. 1,608 Excess expenditure over income carried down .. .. 8,078 Transfer to Sinking Fund .. .. .. .. 6,470 £8,078 £8,078 £ Excess expenditure over income 3.lst March, 1941, brought £ Balance carried down .. .. .. .. 46,368 down .. .. .. .. .. .. 8,078 Balance, 31st March, 1940 .. .. .. .. 38,290 £46,368 £46,368 Note. —No charge for the cost of exchange on payments made in London is included in the account. .Balance-sheet as at 31st March, 1941. Liabilities. Assets. Loan capital— Endowment lands— £ £ N.Z. Loans Act, 1932— £ Leased .. .. .. ..36,603 3 per cent, stock .. .. .. .. 237,559 Unleased .. .. .. .. '22,998 4 per cent, debentures . . .. .. .. 6,412 59,601 5 per cent, debentures . . .. .. .. 117,353 Breakwaters .. .. .. .. .. 344,333 Westport Harbour Act, 1920: 5 per cent, debentures 8,251 Training-walls .. .. .. .. .. 102,998 — Protective works and relief channel .. .. .. 17,385 369,575 Limestone quarry .. .. .. .. 128 Einanoe Act, 1932, section 1(5 .. . . .. 92,421 Gridiron . . .. .. .. .. . . 1,318 — Dredge wharf .. .. .. .. .. 930 461,996 Martin's Island .. .. .. .. .. 700 Endowment capital .. .. .. .. 59,601 Harbour buildings .. .. .. .. 1,848 Sinking Fund Reserve .. .. .. .. 250,874 Dredges, tug " Mana," plant, &c. .. .. .. 9,305 Writing-off Reserve Account .. .. .. 685 Cape Eoulwind railway .. .. .. .. 8,251 Payments in advance .. .. .. .. 424 Office furniture and fittings .. .. .. 29 Creditors — £ Stock and stores . . .. .. .. .. 4,962 Accrued interest .. •• .. 1,133 Breakwater Repairs Suspense Account .. .. 7,890 Departmental .. .. . • . • 354 Debtors— £ Sundry .. .. •• •• 1,447 Accrued revenue .. .. .. 832 2,934 Departmental .. .. .. .. 42 Treasury Adjustment Account .. .. .. 84,120 Sundry .. .. .. .. 2,155 Sinking Eund investments .. .. .. .. 250,874 Writing-off Suspense Account .. .. .. 685 Excess of expenditure over income .. .. .. 46,368 £860,634 £860,634 L. B. Campbell, Secretary of Marine. William C. Smith, Accountant. 1 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. TV].

NATIONAL BROADCASTING SERVICE. Revenue Account for the Year ended 31st March, 1941. Expenditure. Income. £ Expenditure on programmes, including salaries of £ License fees .. .. .. .. .. 425,761 programme staff .. .. .. .. 121,955 Receipts from New Zealand Listener .. .. 23,168 Maintenance of plant, including.salaries of engineering Interest .. .. .. .. .. .. 12,059 and operating staffs .. .. .. .. 48,058 Bents .. .. . • . • .. .. 950 General administrative and running expenses, including salaries of administrative and clerical staffs . . 32,051 Expenditure on New Zealand Listener ■■ ■■ 28,537 Subsidies to " B " stations .. .. .. .. 210 Payments to stations operated under contract .. 1,016 Broadcasting unit with New Zealand Expeditionary Force overseas .. .. .. .. .. 4,457 Contribution to Public Service Superannuation Fund 662 Contribution to Kadio Research Committee .. .. 1,607 Depreciation of assets .. .. .. .. 41, 030 Balance, transferred to Accumulated Fund .. .. 182,345 £461,928 £461,928 Balance-sheet as at 31st March, 1941. Liabilities. Atisets. £ Accumulated Fund— £ £ Land and buildings .. . . .. .. 174,519 Balance as at Ist April, 1940 ... .. 698,363 Machinery and plant .. .. .. .. 47,804 Transfer from Revenue Account .. .. 182,345 Office and studio equipment .. .. .. 20,343 880,708 Newsprint stocks .. .. .. .. 3,706 License fees in hands of Post and Telegraph " Bstation purchases .. .. .. .. 2,000 Department .. .. .. .. .. .126,606 Works in progress .. .. .. .. 4,632 Sundry creditors — Sundry debtors and prepayments— Departmental ...... 11,782 £ Others .. •• ■■ 11,100 Departmental (license fees, &c.) .. .. 137,890 22,882 Other .. .. .. .. .. 3,105 140,995 Temporary investment .. .. .. 540,000 Accrued interest thereon .. 3,351 543,351 National Commercial Broadcasting Service (advances, interest, and copyright fees) .. .. 40,108 Cash in Bank— Broadcasting Account .. .. .. 52,513 Broadcasting Imprest Account .. .. 225 52,738 £1,030,196 £1,030,196 James Shelley, Director of Broadcasting. 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. —Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV].

NATIONAL COMMERCIAL BROADCASTING SERVICE. Income and Expenditure Account foe the Year ended 31st March, 1941. Expenditure. Income. Expenditure on programmes, including payment £ £ £ to artists, hire of special recordings, relay Sales of station time .. .. .. .. 205,953 lines, and sundry miscellaneous items .. 15,975 Accreditation fees .. .. .. .. 34 Less sundry programme charges borne by Service fees .. .. .. .. .. 1,774 advertisers .. .. .. .. 6,923 Miscellaneous receipts .. .. .. .. 3 9,052 Broadcasting rights and copyright .. .. .. 7,037 General administrative and running expenses, including rents; rates and insurance; lighting, heating, and power ; legal and audit; printing and stationery ; salaries and wages ; telephone services ; repairs and maintenance of buildings; plant, and office and studio equipment; advertising ; commission ; participation in New Zealand Centennial Exhibition; and sundry miscellaneous items .. .. .. .. 124,653 interest .. .. .. .. .. .. 2,319 Bad debts .. .. . . . . .. 20 Depreciation provision and writing-down of assets .. 12,599 Balance carried down : Net profit for year .. .. 52,084 207,764 207,764 ***£ T Short Provision Taxation Reserve, 1940 .. .. 742 Balance brought forward from previous year .. .. 417 Reserve for taxation, 1941 .. .. .. .. 37,250 Balance brought down .. .. .. .. 52,084 Balance .. .. .. . . . . .. 14,509 52,501 52,501 Balance-sheet as at 31st March, 1941. Liabilities. Assets. £ £ Advances from Broadcasting Account .. * .. 40,108 Land and buildings .. .. .. 4,707 Creditors — £ Transmitting and technical equipment .. .. 20,685 Sundry .. .. .. .. .. 1,155 Office and studio equipment, including furniture, typeDepartmental .. .. .. .. 610 writers, office mechanical appliances, and library .. 20,877 Commission .. .. .. .. 2,105 Purchase of Station IZB, Auckland .. .. .. 18 3,870 Records, music, and script .. .. .. .. 4,502 Revenue received in advance .. .. .. 137 Highcliff relay installation .. . . .. .. 200 Income-tax deposits of staff .. .. .. .. I Work in progress .. .. .. .. .. 1,659 Deposits on account of prize-money for competitions .. 262 Payments in advance .. . . .. .. 69 Deposit Account .. .. .. .. .. 75 Unplayed episodes of features .. .. .. 3,819 Reserve for taxation .. .. .. .. 37,250 Stocks of spares, transmitting, and technical equipment 11,224 Writings-off, reserve .. .. . . . . 961 Debtors— £ £ Income and Expenditure Account .. .. .. 14,509 Sundry .. .. 21,343 Departmental .. .. .. 1,914 23,257 Less reserve for bad debts .. . 2,093 21,164 Cash in bank .. .. .. .. .. 7,213 Cash on deposit . . .. .. .. .. 75 Writings-off, suspense .. .. .. .. 961 £97,173 £97,173 C. G. Scrimgeour, Controller. 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. —Cyril G. Collins, Controller and Auditor-General.

B. 1 [FT. IV].

NATIONAL PROVIDENT FUND. Revenue Account fob the Year ended 31st December, 1940. Amount of Fund at beginning of year (Ist January, £ National Provident Fund Act, 1926 — £ 1940) .. .. .. .. .. 5,648,415 Maternity claims (section 19) .. .. .. 70 National Provident Fund Act, 1926— Maternity claims (section 43) .. .. .. 2,807 Contributions .. .. .. .. 309,499 Refund of contributions on lapse, reduction, and Interest .. .. .. .. .. 225,546 withdrawal (sections 11, 12, and 13) .. .. 93,379 Fines (section 11 (4) ) .. .. .. .. 570 Refund of contributions in lieu of annuity (section 14) 11,544 Government contribution under Act (sections 52 Incapacity allowances (sections 17 and 18), including and 74 (2) ) .. .. .. .. 76,444 contributions waived on incapacity (£1,369) .. 9,208 Refund of maternity claims by the State (sec- Death : Refund of contributions (sections 15 (5) tions 42 (2) and 70) .. .. .. 2,876 and 16) .. .. .. .. .. 29,575 Contributions overpaid on exit .. .. 165 Death : Allowances on account of widows and childBenefits refunded on exit (sections 11 to 16 and 28).. 11,638 ren (section 15) .. .. .. 12,312 Miscellaneous receipts .. .. .. .. 2 Annuities sections 13 and 48) .. .. .. 89,737 Refunds unclaimed . . .. .. .. 346 Refund of contributions overpaid on exit .. .. 165 Public Trustee: Charges .. .. .. 2,770 Amount of Fund at end of year (31st 'December, 1940) 6,023,934 £6,275,501 £6,275,501 Balance-sheet as at 31st December, 1940. Liabilities. £ Assets. £ Fund as per Revenue Account .. .. .. 6,023,934 In hands of Public Trustee— National Provident Fund Act, 1926— Invested .. .. .. .. .. 5,986,730 Claims due and in course of payment*— Uninvested .. .. .. 10,615 Maternity (sections 19 and 43) .. .. 501 Post Office .. .. .. .. .. 2,836 Death: Refunds (section 16) .. .. 3,039 Balances in transit .. .. .. .. 10,856 Death: Refunds (section 15 (5) ) .. .. 2,804 National Provident Fund Act, 1926 — Death : Allowances (section 15) .. .. 339 Contributions outstanding or in course of transAnnuities (sections 13 and 48) .. .. 2,130 mission* — Allowances (section 17) .. .. .. 238 (a) Contributions due but not overdue .. .. 12,287 Refunds of contributions in lieu of annuity (6) Contributions overdue .. .. .. 1,881 (section 14) .. . . .. .. 1,070 Government subsidy due under Act* (sections 52 and Public Trustee: Charges* .. .. .. 1,059 74 (2)) .. .. .. .. .. 76,444 Refunds in Suspense .. .. .. .. 60,649 Refund due n respect of maternity claims* (secSuspense Account .. .. .. .. 542 tions 42 (2) and 70) .. .j .. .. 572 Contributions prepaid .. .. .. 12,422 Fines due* (section 11 (4) ) .. .. .. 119 Investment Fluctuation Reserve .. .. .. 71,277 Interest due* .. .. .. .. .. 6,579 Interest accrued but not due * .. .. .. 71,085 £6,180,004 £6,180,004

* Included in Revenue Account.

R. M. Pobteous, Deputy Superintendent. 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. — Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV].

NATIONAL PROVIDENT AND FRIENDLY SOCIETIES DEPARTMENT. NATIONAL PROVIDENT FUND DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. Income. £ Administration charges— £ £ Balance carried down .. .. .. .. 98,403 Salaries .. .. .. .. 10,120 Audit .. .. .. .. .. 175 Fees for certificates of birth, &c. .. .. 50 Rent .. .. .. .. ..2,192 (iommission, allowances, and agency expenses 5,422 Postages, telegrams, &c. .. .. .. 387 Telephone services .. .. .. 127 Government Actuary : Services .. .. 100 Post and Telegraph Department: Services .. 520 Travelling allowances and expenses .. 274 Printing and stationery .. .. .. 292 Fuel, light, power, and water .. .. 132 Office maintenance .. .. .. 75 19,806 Other items— Maternity claims .. .. .. 1,670 State subsidy .. .. .. .. 76,662 Depreciation .. .. .. .. 205 78,537 £98,403 £98,403 £ £ Balance brought down .. .. .. .. 98,403 Excess of expenditure over income .. .. .. 98,470 Interest on capital .. .. .. ~ .. 67 £98,470 £98,470 FRIENDLY SOCIETIES DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. £ £ Income. £ Administration charges— Sundry fees .. .. .. .. .. 3 Salaries .. .. .. .. 1,050 Balance carried down .. .. .. .. 4,801 Postages and telegrams .. .. .. 83 Printing and stationery . . .. .. 47 Rent .......... 338 Telephone services .. .. .. 14 Government Actuary: Services .. .. 3,245 Fuel, light, power, and water .. .. 22 Office maintenance .. ~ ~ 5 4,804 £4,804 £4,804 £ £ Balance brought down .. .. .. .. 4,801 Excess of expenditure over income .. .. .. 4,801 £4,801 £4,801 NATIONAL PROVIDENT AND FRIENDLY SOCIETIES DEPARTMENT. Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Capital Account .. .. .. .. .. 1,502 Office furniture and fittings .. .. .. .. 920 Creditors— Mechanical appliances .. .. .. .. 582 Departmental . . .. .. .. .. 138 Stamps .. .. .. .. .. ~ 37 Sundry .. .. .. .. .. . . 305 Assets Suspense Account .. .. ~ .. 6 Writing-off, Suspense Account .. . . . . 6 Excess of expenditure over income— £ Treasury Adjustment Account .. .. .. 102,865 National Provident Fund Department .. 98,470 Friondly Societies Department .. .. 4,801 103,271 £104,816 £104,816 R. Sinel, Superintendent. R. M. Porteous, 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of Parliamentary return 8.-l fPt. IV). —Cyril G. Collins, Controller and Auditor-General.

B. —1 [PT. TV].

PRINTING AND STATIONERY DEPARTMENT. Trading Account for the Year ended 31st March, 1941. Dr. Or. Paper and materials £ £ Sales —- £ £ Stock at beginning .. .. .. 22,423 Manufacturing .. .. .. .. 245,924 Add purchases .. .. .. 95,835 Less work in progress, 31st March, 1940 .. 18,219 118,258 227,705 Less stock on hand, 31st March, 1941 . . 37,911 Add work in progress, 31.st March, 1941 .. 20,429 80,347 , ——— Stationery— 248,134 Stock at beginning .. .. .. 8,880 Stationery .. .. .. .. (>8,778 Add purchases .. .. .. 55,953 Publications .. .. .. .. 7,750 Typewriters .. .. .. .. 3,090 64,833 " 327,758 Less stock on hand, 31st March, 1941 .. 11,692 Discounts received .. .. .. .. .. 360 53,141 Publications — Stock at beginning .. .. .. 11,546 Add purchases .. .. .. 3,354 14,900 Less stock on hand, 31st March, 1941 .. 12,059 —— 2,841 TypewritersStock at beginning .. . . .. 776 Add purchases .. .. .. 2,251 3,027 Less stock on hand, 31st March, 1941 .. 202 2,825 Wages (productive) .. .. .. 84,735 Wages (establishment) .. .. .. 31,735 Wages (Stationery Office) .. .. .. 9,852 Freight (inwards) .. .. .. 12,017 Insurance .. .. .. . • 3,626 Lighting (proportion) .. .. .. 517 Power .. .. .. .. • • 528 Fuel .. .. .. .. - - 666 Water .. .. .. .. • • 175 143,851 Balance, transferred to Profit and Loss Account .. 45,113 £328,118 £328,118 Profit and Loss Account for the Year ended 31st March, 1941. Dr. £ Cr. £ Office salaries .. .. •• 7,895 Balance transferred from Trading Account .. .. 45,113 Repairs and alterations to buildings and plant .. 928 Storage and handling stationery, &c., for other Govern - Postage and telegrams .. .. .. .. 1,370 ment Departments .. .. .. .. 1,494 Freight and cartage (outwards) .. .. .. 3,024 Commission on sales of publications .. .. .. 1,781 Exchange .. • • • • • • 26 Rent receivable .. .. .. .. .. 236 Discounts allowed .. .. .. .. • • 122 Telephones (rental) .. •• •• •• 119 Medical services .. .. • ■ • • • ■ 23 Lighting, &c. (proportion) .. .. • • • • 58 Proportion of rent, &c., High Commissioner's Office .. 340 Office expenses . . .. .. • • ■ • 220 Sundry trade expenses .. .. • • • • 452 Audit fee .. .. • ■ • • • • ■ ■ 150 Wages: Cleaners, watchmen, &c. .. .. •• 2,621 Interest on capital .. .. ■ • • • • • 8, 248 Depreciation:— £ Buildings .. .. •• •• 1,012 Plant and machinery .. .. 6,579 Furniture, fittings, and office equipment .. 84 Type and type metal .. .. • • 35 • Accessories .. .. ■ • • • 526 8,236 Rent of storage space .. .. • • • ■ , 575 Grants in lieu of leave of absence .. .. ■ • 34 Balance carried down .. .. •• 14,183 £48,624 £48,624 Balance brought down , , ..£14,183

B.—l [PT. IV].

PRINTING AND STATIONERY DEPARTMENT —continued. Balance-sheet as at 31st March, 1941. Liabilities. Assets. £ Capita] Account — £ £ Land .. .. .. .. .. .. 54, 359 Public Works Fund .. .. ..112,623 Buildings .. .. .. .. .. 33,980 Consolidated Fund .. .. ..93,578 Plant and machinery— £ 206,201 Composing plant .. .. .. 993 Creditors Machine composing plant .. .. 6,125 Departmental .. .. .. .. 3,273 Addressograph plant .. .. .. 69 Sundry .. .. .. 17,161 Printing plant .. .. .. .. 8,687 20,434 Binding plant .. .. .. .. 5,263 Wages accrued .. .. .. .. .. 3,117 Litho plant .. .. .. .. 2,852 Bad Debts Reserve .. .. .. •• 164 Photo plant .. .. .. .. 942 Writing-off, Suspense Account .. .. .. 594 Stereotype plant .. .. .. 526 Treasury Adjustment Aocount .. .. .. 9,949 Engine-room plant .. .. .. 420 Balance, Profit and Loss Account .. .. .. 14,183 Miscellaneous plant .. .. .. 4,125 30,002 j Furniture, fittings, and office equipment . . .. 632 Type and type metal .. .. .. .. 12,200 Accessories—Composing Branch .. .. .. 1,502 Machine Composing Branch . . .. 37 Printing Branch .. . . .. 34 Binding Branch .. .. .. 217 Litho Branch .. .. .. .. 57 Photo Branch .. .. . . .. 23 Stereotype Branch .. .. .. 8 Engine-room .. .. .. . . 75 Paper-store .. .. .. .. 119 2,072 Payments in advance .. .. .. . . 17 DebtorsDepartmental .. .. .. 27, 982 Sundry .. .. .. .. 10,391 38,373 Work in progress .. .. .. .. .. 20,429 Stock— On hand .. .. .-. .. 61,719 In transit .. .. .. .. 119 On consignment .. .. .. 146 61,984 Stock Suspense Account . . .. .. .. 572 Assets to be written off .. .. . . 22 £254,642 £254,642 A. W. Gyles, A.E.A.N.Z., Accountant. I hereby certify that the statement of 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.— Cyril G. Collins, Controller and Auditor-General, Bth August 1941.

6—B. 1 [PT. IV].

B.—l [PT. IV].

PUBLIC DEBT REDEMPTION FUND. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. Income. Excess of income over expenditure (being amount £ Interest— £ available to offset expenditure from Ordinary Revenue Public Trust Office .. .. .. .. 280,873 Account on debt redemption in terms of section 12 of Investment in State Advances Corporation Account .. 109,688 the Repayment of the Public Debt Act, 1925) .. 396,561 £396,561 £396,561 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Public Debt Redemption Fund capital .. .. 11,216,689 Investments— Excess of income over expenditure .. .. 396,561 Public Trust Office .. .. .. .. 7,966,689 Investment in State Advances Corporation Account 3,250,000 Interest accrued — Public Trust Office .. .. .. .. 9,476 Investment in State Advances Corporation Account 17,430 Treasury Adjustment Account .. .. .. 369,655 £11,613,250 £11,613,250 A. R. F. Mackay, 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.—Cyril G. Collins, Controller and Auditor-General.

PUBLIC SERVICE COMMISSIONER'S OFFICE. Income and Expenditure Account fob the Year ended 31st March, 1941. Expenditure.. £ Income. £ Salaries .. .. .. .. . .. 15,103 Examination fees .. .. .. .. .. 631 Depreciation .. .. .. .. .. 69 Balance carried down .. .. .. .. 17,684 Advertising . . .. .. .. . . 151 Office fittings and requisites .. . . .. .. 42 Overtime and meal allowances .. .. .. 91 Printing and Stationery .. .. . . . . 400 Postage and telegrams .. . . . . .. 321 Rent .. .. .. .. .. .. 917 Telephones .. .. .. .. .. 232 Travelling-expenses .. .. . . . . 761 Sundry payments .. .. .. .. .. 10 Appeal Board .. .. .. .. .. 218 £18,315 £18,315 £ £ Balance brought down .. .. .. .. 17,684 Recoveries on account of expenditure from previous years : Interest on capital .. .. .. .. .. 30 Sale of typewriters .. .. .. .. 15 Excess of expenditure over income .. .. .. 17,699 £17,714 £17,714 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Capital Account .. .. .. .. .. 764 Office furniture .. .. .. .. .. 763 Treasury Adjustment Account .. .. .. 17,627 Stationery, stock, and official stamps .. .. .. 78 Sundry creditors— £ Sundry debtors—- £ Departmental .. .. .. .. 76 Departmental .. .. .. .. 13 Others .. .. .. .. .. 87 Others .. .. .. .. .. 1 — 163 — 14 Excess of expenditure over income .. .. . . 17,699 £18,554 £18,554 G. T. Bolt, Secretary, Acting 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 explanatory notes dealing with departmental accounts as appearing at commencement of parliamentary return 8.-l [Pt. IV], —Cyril G. Collins, Controller and Auditor-General.

b.—i [Pt. rv].

PUBLIC TRUST OFFICE. Profit and Loss Account for the Year ended 31st March, 1941. Dr. £ Cr. £ Salaries .. .. .. .. .. 272,259 Commission, and other income (net) .. .. 397,393 Overtime .. .. .. .. 422 Service charges— £ Agents'commission .. .. .. 3,285 Services of High Commissioner .. .. 1,260 Services of General Post Office .. .. 896 — 5,441 Audit of books and accounts .. .. .. 850 Maintenance of premises and plant: Repairs, insurance, &c. 6,066 Rent .. .. .. .. .. .. 2,188 General charges— £ Advertising .. .. .. .. 3,813 Cleaning, heating, lighting, and power .. 6,444 Legal expenses .. .. .. .. 195 Rates .. .. .. . . .. 927 Miscellaneous payments .. .. .. 461 Postages and freight .. .. .. 7,196 Stamp duty on receipts and cheques .. 1,631 Telephone subscriptions .. .. .. 1,874 Printing, stationery, and requisites .. 3,632 Travelling-expenses .. .. .. 3,437 Salaries and expenses of Farm Inspectors .. 5,074 Salaries of Custodians and staff .. .. 8,900 — 43,584 Amount written off under section 43, Public Trust Office Amendment Act, 1913 .. . . . . .. 355 Compassionate allowances to dependants of deceased . officers .. .. . . .. .. ■ 362 Losses on realization of mortgages and of mortgage securities acquired, and reserve for anticipated losses on mortgages .. .. .. .. .. 23,755 Depreciation on office premises, furniture, plant, &e. . . 16,912 Contribution to subsidy to Public Service Superannuation Fund .. .. .. .. .. .. 3,086 Land-tax . . . . .. .. .. 4,476 New Zealand Centennial Exhibition .. . . .. 46 Reserve for taxation .. .. .. .. 518 Balance, being net profit for year, transferred to Appropriation Account .. .. .. .. .. 17,073 £397,393 £397,393 Promt and Loss Appropriation Account for the Year ended 31st March, 1941. Dr. £ Or. £ Consolidated Fund: One-half profits for year ended 31st Balance .. .. .. ... .. .. 8,489 March, 1940, payable in accordance with section 24 (1) Profit and Loss Account: Balance transferred . 17,073 of the Finance Act, 1929 .. .. .. .. 8,489 Investment Fluctuation Aocount .. .. .. 8,536 Balance .. .. .. .. .. .. 8,537 £25,562 £25,562 £ Balance .. .. .. .. 8,537

B.— l [PT. IV].

PUBLIC TRUST OFFlCE—continued. Balance-sheet of the Public Trust Office as at 31st March, 1941. Liabilities. Assets. £ £ £ Amounts held in Common Fund for Freehold and leasehold premises and sites .. 386,963 sundry estates and funds .. .. 24,030,145 Furniture and plant, &c. .. .. .. 33,318 Amounts held for special investment on Stationery and stores, &c. .. .. .. 6,444 behalf of certain funds, but not yet Stocks, bonds, and debeninvested .. .. .. 50,998 tures (book value) — £ £ Amounts specially invested on behalf of Government securities 4,935,545 certain estates and funds .. .. 14,639,800 Plus premiums on — 38,720,943 purchase .. 8,972 Sundry creditors, including accounts passed for payment but not yet paid .. 151,422 4,944,517 Writings off, Suspense Account .. .. 43,483 Less reserve for preReservc in respect of enemy property miums on conversion moneys .. .. .. 27,238 and discounts on Reserve for taxation .. .. 586 purchase.. .. 2,934 Special reserve for securities .. 73,964 4,941,583 General Legal Expenses Account .. 7,773 Local bodies' debentures 6,383,234 Investment Fluctuation Account .. 106,602 Less reserve for pre216,163 miums and discounts Assurance and Reserve Fund .. .. 413,716 on conversion or Profit and Loss Appropriation Account .. 8,537 purchase.. .. ,176,117 6,207,117 11,148,700 Mortgages, &c. (book value) .. 11,636,381 Less reserve .. .. .. 64,236 11,572,145 Advances for protection of securities acquired or in possession, &c. .. .. 73,964 Properties acquired (book value) .. 322,046 Less reserve .. .. .. 601 321,445 Advances (on overdraft) to estates and accounts (book value) .. .. 649,914 Less reserve .. .. .. 2,660 647,254 Interest and rent accrued, due, and overdueInterest accrued up to 31st March, 1941, but not yet due, and interest overdue .. .. .. 380,414 Rent due or accrued .. .. 271 380,685 Less provision for losses .. 95,760 284,925 Sundry debtors .. .. .. .. 21,727 Assets in Suspense .. .. .. .. 43,483 Cash in hand, on current account, and on deposit in New Zealand and London .. .. .. 367,236 Investment of reserve for mortgages : Mortgages, &e. 6,860 Special investments (book value) held on behalf of certain estates and funds — £ Government securities .. .. 8,774,680 State Advances Corporation of New Zealand stock . . .. .. 130,000 Local bodies'debentures .. .. 1,705,133 Private debentures and shares .. 57,879 Realty and leasehold .. .. 8,720 Fixed deposits .. .. .. 10,750 Mortgages .. .. .. 3,866,436 Mortgage securities acquired .. 46,059 Advances for protection of securities 620 Financial assistance to mortgagors .. 527 Loans . . .. .. .. 1,857 Savings-banks accounts .. .. 11,629 Overdue interest on special investments .. .. .. 25,510 14,639,800 £39,554,264 £39,554,264 E. 0. Hales, 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.— Cyrsl G. Colltns, Controller and Auditor-General.

B.—l [PT. IV]

WORKING RAILWAYS ACCOUNT. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1941.

Net Revenue Account.

I ' . , Year 1940-41. Year 1939-40. Statement j Nq _ —T j || ; Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. Net Revenue. ,, ! £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. 6. Railway operation .. .. .. .. 3 9,694,189 12 3 8,406,789 13 5 1,287,399 18 10 8,761,637 7 7 7,943,119 18 1 818,517 9 6 Lake Wakatipu steamers .. .. .. 4 7,108 11 2 10,897 15 11 Dr. 3,789 4 9 7,362 0 G 11,119 19 8 Dr 3,757 19 8 Refreshment service .. .. .. .. 5 221,423 17 9 208,208 4 4 13,215 13 5 200,870 18 4 186,6*8 1 7 14 242 16 9 Bookstall service .. .. .. .. 5a 123,680 9 9 117,074 11 9 6,605 18 0 112,855 1 1 106 240 13 5 6 614 7 8 Advertising service 6 31,209 3 10 28,245 5 7 2,963 18 3 36,417 1 5 34,061 1 6 I 2,355 19 11 Dwellings .. .. .. .. .. 7 145,177 14 1 195,164 11 9 Dr. 49,986 17 8 141,888 14 8 204,174 12 5 Dr. 62.,285 17 9 Buildings occupied by refreshment service, book- 8 35,732 0 8 27,735 17 10 7,996 2 10 31,434 13 0 21.196 2 2 10 238 10 10 stall-proprietors, &e. Road motor services .. .. .. 9 503,303 18 8 471,458 10 4 31,845 8 4 512,758 10 4 503,498 2 1 9 260 8 3 Miscellaneous revenue .. .. .. .. 398,392 13 7 .. 398,392 13 7 393,845 10 7 .. 393,845 10 7 11,160,218 1 9 9,465,574 10 11 .. 10,199,069 17 0 9,010,038 10 11 Total net revenue to Net Revenue Account .. .. j .. .. 1,694,643 10 10 .. .. 1 189 031 6 1

Dr. 1940-41. 1939-40. j Or. 1940-41. 1939-40. T £ s- d. £ s. d. £ s . d. £ s. d. Interest charges .. .. .. .. 2,746,543 14 2 2,575,19-5 10 11 Net earnings before charging interest on capital .. 1,694,643 10 10 1,189,031 6 1 Reduction on account of interest charges, vide 1,051,900 3 4 1,386,164 4 10 section 14, Finance Act, 1930 (No. 2) 2,746,543 14 2 2,575,195 10 11 2,746,543 14 2 2,575,195 10 11

8.-J-l [Pt. TV].

WORKING RAILWAYS ACCOUNT-continued. Capital Account as at 31st March, 1941.

Total to 31st March, i Year ended Total to 31st March, Total to 31st March, Year ended Total to 31st March, 1940. 31st March, 1941. j 1941. ' 1940. 31st March, 1941. 1941. Expenditure. £ s. d. £ 8. d. £ s. d. Receipts. £ s. d. £ s. d. £ s. d. Permanent-way— Works, buildings, ma- 55,389,751 6 0 1,228,636 11 2 56,616,387 17 2 Capital included in public debt .. 64,422,200 15 11 1,688,427 19 1 66,110,628 15 0 ehinerv, plant, and dwellings Other capital .. .. .. 9,033,902 6 6 .. 9,033,902 6 6 Rolling-stock, lake steamers, and road 15,228,-740 6 0 464,658 17 10 15,693,399 3 10 motors 73,456,103 2 5 1,688,427 19 1 75,144,531 1 6 Lines closed for traffic .. .. 362,662 9 4 .. 362,662 9 4 Deduct accrued depreciation and 10,400,000 0 0 .. 10,400,000 0 0 other losses of capital written off 70,981,154 1 4 1,691,295 9 0 72,672,449 10 4 in accordance with subsection (2), Deduct accrued depreciation on exist- 9,060,210 11 5 240,281 17 3 9,300,492 8 8 section 23, of the Government ing assets Railways Amendment Act, 1931 61,920,943 9 11 1,451,013 11 9 | 63,371,957 1 8 — Add unexpended balanoes as per 1,138,244- 17 1 252,591 19 6 1,390,836 16 7 63,056,103 2 5 1,688,427 19 1 64,744,531 1 6 Depreciation Account Outstanding liabilities .. .. 3,085 4 7 15,177 12 2; 18,262 16 9 £63,059.188 7 0 £1,703,605 11 3 j £64,762,793 18 3 £63.059,188 7 0 £1,703,605 11 3 £64,762,793 18 3 Sotk. —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 March, 1941. Liabilities. Assets Sundry creditors— £ s. d. £ s. d. ' £ s. d £ a d General creditors (including Sawmills, bush areas, and stocks balances Wag credit oftimber 195,613 15 5 balances .. .. 740,273 11 3 Stores and materials on hand— Government Departments .. 22,372 14 8 Stores Branch .. .. 1,778,101 (3 10 „ „ 762,646 511 Subsidiary Services .. ' 8 8 Collections for refund to— ' , soo r7l lr ~ Harbour Boards, shipping Sundry assets— companies, and other Advertising Branch .. 12,541 19 0 carriers .. .. 27,982 18 I. Refreshment Branch .. 39,158 5 1 Government Departments .. 280 2 5 Bookstalls Branch.. .. 840 6 ,3 , . 28,269 0 6 Housing improvements .. 8.322 I 7 Items to be written off' on 8 1 ' ' 0() 80 „ ~ receipt of parliamentary Sundry debtors— authority .. .. .. 8,926 16 11 Advances to capital 14,946 0 1 General Reserve . .. 1,144,552 17 8 Government Departments .. 117 932 13 8 Depreciation Reserve Account 1,390,836 16 7 Advances: Housing scheme Renewals Reserve Account .. 637,855 16 3 under Government RailInsurance Reserve Accounts- ways Amendment Act, s?®, ,•• ■■ 100,281 I 2 1927, section 15 (5), RailWorkers compensation .. 71,423 12 2 way employees .. .. 104 17 8 blips, iloods, and Accidents Work in progress, sundry Equalization Account .. 21,223 8 7 debtors, and debit balances 258,510 5 0 ci . i a 3,366,173 12 5 om jqo in n Social Security Fund: Subsidy on works 519,278 15 1 Social Security Fund- ' Betterments Reserve Account: Refreshment Subsidized works. .. .. .. 519,278 15 1 Branch .. .. .. .. .. 3,765 18 3 Accrued interest on investments .. .. 2*958 18 1 Sick Benefit Fund 38,519 11 0 Outstanding at stationsCash in hand .. .. 21,621 8 1 Freight, &c., owing by Government Departments .. 131,145 18 6 Freights, &c., owing by sundry debtors .. .. 272,913 11 5 — 425,680 18 0 Working Railways investment .. .. 750,000 0 0 Sick Benefit Fund investments .. .. 39,365 9 9 Cash in Working Railways Account .. .. 541,653 19 11 £4,727,580 0 1 £4,727,580 0 1 W. Bishop, A.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 interest payments made in London during the year for the purposes of this account has not been charged to the account but has been borne by the Consolidated Fund.—Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV].

RAILWAYS SUPERANNUATION FUND. Revenue Account for the Year ended 31st March, 1941.

EXPENDITURE. , 1940-41. 1339-40 | INCOME. 1940 41. 1939-40. - - | , j j £ s. d. £ 8. d. £ s. d. £ s. d. Retiring-allowances to members 483,676 7 8 459,996 3 3 MemW contributions .. .. .. 210,363 8 7 205,483 17 9 Allowances to widows and children 32,932 11 1 29,396 I 1 Members contributions on account of casual service .. 4,369 2 / 3,819 <14 9 Refund of total contributions 46,29X 16 lj 37,025 13 0 Fines 215 0 0 259 o 0 Refund of contributions in excess of allowances drawn by j 1,188 14 5 ; 2,300 8 2 Subsidies A _ Y nn „ deceased beneficiaries . j i Consolidated Fund n a iVn'Zn n n Transfers to other funds .. . ■ •• 381 19 0 ; 1,217 19 1 Workmg Railways .. .. .. • • . • 170,000 0 0 170,000 0 0 - Reserve for bad and doubtful debts •• .. •• 64 14 5 \ Increased allowances to annuitants as provided for by 3,123 1 1 3,199 5 11 Part cost of actuarial investigation of the fund .. ..! 123 0 0 224 0 0 StatutesAmendment Act, 1936 .. ... , Q , „ . . Earthquake insurance .. .. .. •• •• 18 0 0 .. i Woriang Railways, on account ol increased allowances to 14,4o2 18 1 13,012 8 8 Administration charges — j widows and children a r n , „ r Travelling-expenses of Board members 109 7 6 92 15 10 New Zealand Railway Officers Institute .. .. 14 6 0 11 12 5 Pubhc Trust commission 1,300 8 5 1,333 14 2 New Zealand Railway. Tradesmen s Association j 17 7 6 | 17 5 2 Public Trust charges (legal costs) .. . ■ • • 49 14 8 47 19 5 New Zealand Engine-drivers, Fn'emen, ana Cleaners 23 i5 8 24 7 4 Audit fee .. .. . • • • • • • • 50 0 8 50 0 0 j Association Qalnrioo " " 1,423 15 8 ! 1,455 4 4 \ Amalgamated Society of Railway Servants .. .. 8 14 0 8 17 10 Postages " - " ■ - • 458 17 8 248 1 9 ! Interest— ' £ s. d. Printing and stationery 167 10 1 125 1 6 j Investments 53,257 11 5 Treasury Department .. .. 10,o23 9 11 63,581 1 4 64,145 16 1 : Commission on Government Life Insurance collections .. 50 5 11 48 0 3 Balance carried down, being excess of expenditure over 31,453 0 6 : 2,544 7 10 income for the year « : 568,172 2 3 533,577 19 0 568,172 2 3 533,577 19 0 Accumulated funds brought forward on 1st April .. .. 1,279,836 2 8 1,282,354 0 2 Balance brought down .. .. .. •• 31,453 0 6 2,544 7 10 Amounts unclaimed written off — i Balance, accumulated funds as at 31st March .. .. 1,248,383 2 2 1,279,836 2 « If Life allowances .. .. .. .. .. .. 8 3 8 jj Widows' allowances .. .. .. y 5 10 || Refund of contributions .. .. .. .. j •• 9 0 10 jl,279, 836 2 8 |1,282,380 10 6 [l,279, 836 2 8 1,282,380 10 6 I I _ ] i| , 1 '

RAILWAYS SUPERANNUATION FUND.— continued. Balance-sheet as at 31st March, 1941.

7 —B. 1 [PT. IV].

B.—l [PT. IV],

R. Semple, W. Bishop, Chairman of the Government Railways Chief Accountant, New Zealand Railways. Superannuation Fund Board. 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.— Cybil G. Collins, Controller and Auditor-General.

LIABILITIES. 1940-41. 1939-40. I ASSETS. 1940-41. 1939-40. £ s. d. £ s. d. Investment Account — £ s. d. Accumulated funds as per Revenue Account .. .. 1,248,383 2 2 1,279,836 2 8 Investments .. .. .. 1,223,087 7 8 Casual employees' contingent contributions.. .. .. 21,011 13 10 18,155 8 10 Cash in hand .. .. .. 1,853 8 0 £ s. d. £ s. d. Retiring and other allowances due (not paid) — 1,224,940 15 8 1,256,918 0 10 Members .. .. .. .. .. .. 31193 356 1 3 Current Account — Widows and children .. .. .. .. .. 401 4 10 269 15 7 Cash in hand .. .. .. .. .. 20,423 10 10 23,188 16 11 Refund of contributions authorized (not paid) .. .. 673 19 0 2,040 8 2 Contributions and fines in transit .. .. .. 15,442 7 0 16,704 0 8 Refund of contributions in excess of allowances drawn by 183 5 11 275 6 7 Contributions due by— * £ s. d. beneficiaries (not paid) Army Department .. .. 4,998 18 7 Transfers to other funds authorized (not paid) .. .. 21 19 10 21 3 7 Territorial Department .. .. 1,731 4 3 Interest paid in advance .. .. .. .. .. 253 12 8 322 15 3 Navy Department .. .. .. 288 8 3 Public Trustee .. .. .. .. .. .. 536 18 9 411 6 6 Air Force Department .. .. 1,211 7 5 Reserve for bad and doubtful debts .. .. .. 4,000 0 0 4,000 0 0 8,229 18 6 894 1 5 Rebates of contributions (National Expenditure Adjustment Act, 37,815 18 5 39,043 4 10 Contributions outstanding .. .. .. .. 1,698 11 0 993 4 0 1932) Contributions due by members in respect of casual service .. 18,427 7 11 22,721 14 11 Sundry creditors .. .. .. .. .. 171 10 4 367 14 3 Working Railways — On account of increased allowances to annuitants as provided 260 6 0 263 12 3 for by Statutes Amendment Act, 1936 On account of cost-of-living bonus .. .. .. 20 3 7 23 8 9. On account of additional allowances to widows and children 2,477 16 8 989 3 9 Interest due not paid .. .. .. .. .. 9,431 16 0 9,793 1 4 Interest accrued but not due .. .. .. .. 12,392 16 11 12,586 18 6 j Insurance premiums .. .. .. .. .. 19 4 11 23 0 5 Sundry debtors .. .. .. .. .. .. 0 4 4 1,313,764 15 0 1,345,099 7 6 1,313,764 15 0 1,345,099 7 6

B.—l [PT. IV],

RANGITAIKI LAND DRAINAGE SCHEME. Rate Account for the Yeah ended 31st March, 1941. Capital. Maintenance. Capital. Maintenance, Dr. £ £ Cr. £ £ Remissions .. .. .. 435 387 Balance as at 31st March, 1940 .. 501 9,751 Transfer to Reserve Fund .. 1,295 .. Rates struck for 1940-41 year .. 10,433 7,012 Interest on capital cost .. .. 8,660 .. 10 per cent, penalty added to 1939-40 Cost of maintenance .. .. .. 8,610 rates .. .. .. .. 216 144 Balance as at 31st March, 1941 .. 770 10,789 Subsidy on maintenance-costs .. .. 2,870 Adjustment: Amount previously written off .. .. 10 9 £11,160 £19,786 £11,160 £19,786 Revenue Account for the Year ended 31st March, 1941. Dr. £ Cr. £ Losses written off .. .. .. .. 13 Accrued rent .. .. .. .. .. 187 Interest on Public Works Fund Capital .. .. 19,567 Interest on capital cost recoverable by rates .. 8,660 Balance, transferred to Drainage Works Account .. 10,733 £19,580 £19,580 Balance-sheet as at 31st March, 1941. Liabilities. £ A ssets. Public Works Fund .. .. .. .. 489,169 Drainage-works— £ Free capital from Employment Promotion Fund .. 891 Recoverable capital expenditure (section 11, Reserve Account for repayment of capital cost .. 2,538 Finance Act, 1937, No. 2) .. .. .. 205,000 Treasury Adjustment Account .. .. .. 299,381 Not recoverable: Capital expenditure and capitalized Unpaid purchase-money for land taken .. .. 210 interest .. .. .. .. .. 562,380 Sundry creditors— £ Plant, machinery, and tools .. .. .. 1,688 Departmental .. .. .. 1,015 Buildings .. .. .. .. .. 1,330 Miscellaneous .. .. .. 289 Sundry goods.. .. .. .. .. 1,085 1,304 Sundry debtors— Rate Account — Rates— £ Capital .. .. .. .. 770 Capital .. .. .. .. 17,705 Maintenance .. .. .. 10,789 Maintenance .. .. .. 13,242 11,559 Law-costs .. .. .. .. 303 Writings-off in Suspense .. .. .. 1,419 Rents .. .. .. .. 19 Payment in advance: Rates .. .. .. 9 Miscellaneous .. .. .. 59 31,328 Cash in transit from Post Office .. .. 1,359 Expenditure from Employment Promotion Fund .. 891 Losses in Suspense .. .. .. .. 1,419 £806,480 £806,480 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B.—l [Pt. IV], —Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. IV],

REPATRIATION ACCOUNT. Interest Receivable Account for the Year ended 31st March, 1941. Dr. £ Or. £ Interest on bills of sale, &c., overdue on 31st March, 1940 .. 577 Interest collected during year ended 31st March, 1941 .. 33 Interest charged to accounts for year ended 31st March, 1941 24 Interest on bills of sale, &c., overdue on 31st March, 1941 ! 568 £601 £601 Balance-sheet as at 31st March, 1941. Liabilities. Ass&ts. Capital— £ Investment Account: Principal moneys owing on bills of £ Liability to Loans Redemption Account as at Ist April, sale, &c., at 31st March, 1941 .. .. .. 56,784 1940 .. .. .. .. .. 66,124 Writings-off in Suspense: Principal .. .. .. 1^067 Less— Interest on bills of sale, &c., overdue on 31st March, 1941 568 Net repayments of principal for year ended £ 31st March, 1941 .. .'. .. 2,623 Losses on realization for year ended 31st March, 1941 .. .. .. 5,650 8,273 57,851 Interest overdue on advances .. .. .. 568 £58,419 £58,419 A. R. F. Mackay, 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. —Cyril G. Collins, Controller and Auditor-General.

RESERVE FUND ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. £ Income. £ Interest irrecoverable .. .. .. .. 7 Interest on investments .. .. 44 505 Excess of income over expenditure .. .. .. 44,774 Interest on loans (section 38 (a), Hawke's Bay Earthquake Act, 1931) .. .. .. .. 276 £44,781 £44/781 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. Capital, Ist April, 1940 .. .. .. .. 1,998,742 Investment Account—- £ Add net amount recovered in respect of Adminis- wnminai Vninn tration expenses (section 39, Hawke's Bay Earth- ~ £ quake Act, 1931) .. .. .. .. 18 335,671 British Conversion Loan, 1944-64 .. 342,137 31,551 imperial War Loan .. .. .. 33 760 1,998,760 Less losses written off on loans under section 38 (a), i £367,222 £375 897 Hawke's Bay Earthquake Act, 1931 .. .. 2,988 New Zealand Government stock, 1958 .. .. 869'000 Australian Commonwealth bond .. .. .. 1,000 1,995,772 Imperial War bond (nominal value,.£soo) .. .. 516 Excess of income over expenditure for year ended New Zealand Government Treasury bills .. .. 50,000 31st March, 1941 .. .. .. .. 44,774 Interest accrued on investments .. .. .. 14,942 Writings-off in Suspense . . .. .. .. 2,795 Loans under Hawke's Bay Earthquake Act, 1931— £ Section 38 (a) : Private individuals .. 517,232 Section 38 (b) : Local authorities .. 135,247 652,479 Interest due and unpaid on loans .. .. .. 828 Interest postponed .. .. .. .. 594 Sundry debtors .. .. . . .. .. 336 Treasury Adjustment Account .. .. .. 28,410 Cash in Reserve Fund Account .. .. .. 46,544 Losses in Suspense .. .. .. .. 2,795 £2,043,341 £2,043,341 A. R. F. Mackay, 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.—Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. IV].

STAMP DUTIES DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1941. Expenditure. £ Income. £ Salaries .. .. .. •• •• 29,044 Adhesive stamps .. .. .. .. 48,332 Advertising .. .. .. 118 Duty on instruments .. .. .. .. 391,026 Binding .. .. .. . ■ • • 21 Death duty .. .. .. •. • • 139 Freight and cartage .. .. • • • • 36 Gift duty .. .. ■. • • ■■ • 242 Fuel and light .. .. .. . • • ■ 250 Fines and penalties .. .. .. .. 1,684 Interest on succession duty refunded .. .. 121 Impressed stamps .. .. .. .. 232,599 Law-costs .. .. .. •• 461 Licenses to companies .. .. .. .. 92,114 Office cleaning .. .. .. •• •• 45 Overseas-passenger duty .. .. .. .. 15,234 Office equipment: Maintenance .. .. •• 22 Racing duty .. .. .. .. 776,026 Overtime and meal allowances t .. .. .. 76 Amusements-tax .. .. .. 90,338 Postage .. .. . •• •• 1,538 Sharebrokers'licenses .. .. .. .. 1,512 Printing and stationery .. .. .. •• 1,179 Mortgagees'indemnity fees .. .. .. 1,635 Refunds— Lottery duty .. .. .. .. •• 24,070 Death duty .. .. .. ■ • • • 212 Miscellaneous fees . . .. .. .. 6,099 Overseas-passenger duty • ■ • ■ • ■ 43 Receipts under section 283, Companies Act, 1933 .. 924 Totalizator-tax .. .. .. •• 56,346 Rent 3,307 Stamp-production .. .. . • •• 1,881 Stamping machinery (maintenance) .. .. 24 Telephones .. .. ■ ■ • ■ ■ • 310 Transfer expenses .. .. ■ - ■ • 199 Travelling-expenses .. .. • • • ■ 15 Typewriters: Maintenance .. •. • • 18 Valuation fees .. .. .. • • • - 72 Depreciation .. .. ■ ■ ■ • • • 223 Writing off Reserve .. ■ ■ • ■ • ■ 891 Balance carried down .. .. .. .. 1,585,527 £1,681,979 £1,681,979 £ £ Interest on capital .. .. .. .. 176 Balance brought down .. .. .. .. 1,585,527 Balance: Excess of income over expenditure .. 1,585,351 £1,585,527 £1,585,527 Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. £ Capital .. .. .. •• •• 4,309 Furniture .. .. .. .. •• 1,866 Creditors £ Mechanical appliances .. . . . . .. '"4 -Departmental .. .. •• 2,236 Machinery and plant .. .. .. 2,164 For refunds .. .. .. 849 Library .. .. .. •• 175 Sundry .. .. •• •• 4,689 Assets in Suspense .. .. .. .. 1,019 7,774 Payments in advance .. .. .. .. 69 Writing off Reserve .. .. •• •• 1,019 Debtors, sundry .. .. .. •• 89,545 Sundry depositors .. . • • • • • 204 Deposit accounts : Departmental .. .. . . 204 Excess of income over expenditure .. .. 1,585,351 Treasury Adjustment Account .. .. .. 1,503,511 £1,598,657 £1,598,657 Note. —Death duty amounting to £3,032,795 and gift duty amounting to £194,995 were collected by the Department during the year and credited to the War Expenses Account. P. G. Pearce, 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-I [Pt. IV].— Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV].

NEW ZEALAND STATE COAL-MINES. General Profit and Loss Account for the Year ended 31st March, 1941. Dr. £ Or. £ Taxation Reserve for income and other taxes .. .. 8,236 Balance: Net surplus, 1939-40 .. .. .. 9,340 General Reserve .. .. .. .. .. 1,104 £9,340 £9,340 Net loss, 1940-41— £ £ Not profit, 1940-41— £ £ Strongman Colliery .. .. .. 2,156 Liverpool Colliery .. .. .. 4,847 Mangapehi Colliery ... .. .. 184 James Colliery .. .. .. .. 3,383 Wanganui Depot .. .. .. 21 Mac Donald Colliery .. .. .. 2,299 2,361 Wellington Depot .. .. .. 3,258 Runanga water-supply scheme .. .. .. 1,000 Christchurch Depot .. .. .. 1,396 Balance: Net profit for year carried down .. .. 25,027 15,183 Net recoveries— Seddonville Colliery .. .. .. 34 Royalties .. .. .. .. 4,163 Stores sales .. .. .. .. 424 4,621 Net revenue from hire of plant, buildings, &c. .. .. 123 Interest on investments .. .. .. .. 8 ,46.1 £28,388 £28,388 £ £ Sinking Fund Account for redemption of loan capital .. 6,320 Net profit for year 1940-41 .. .. .. .. 25,027 Taxation Reserve for income and other taxes .. .. 18,000 Balance : Net surplus for year 1940-41 .. . . 707 £25,027 £25,027 Balance-sheet as at 31st March, 1941. ■ Liabilities. Assets. Loan Capital— £ £ Collieries — £ £ Securities at 3 per cent. .. .. 145,785 Development and Property Accounts .. 215,559 Securities at 4 per cent. .. . . 51,667 Machinery, plant, ropes, and rolling-stock . . 74,818 — — 197,452 Electrical plant (James Colliery) .. .. 1,933 Accrued interest on loan capital .. .. .. 2,447 Buildings at mines .. . . .. 43,469 Sundry creditors— Cottages at mines .. .. .. 13,243 South Island collieries .. .. .. 31,669 Plantations at mines .. .. .. 641 North Island collieries .. .. .. 6,285 Coal stocks (bins, wharf, and afloat) .. 4,071 Christchurch Depot .. .. .. 3,962 Stores on hand. . .. .. .. 30,072 Wellington Depot .. .. .. 2,756 44,672 383,806 Deposits on contracts .. .. .. .. 1,140 Less provisionally written off . . .. 124 Sinking Fund .. .. .. .. .. 6,320 383,682 Reserves— Prospecting on State coal reserve .. .. .. 985 General Reserve .. .. .. 240,025 Plant, equipment, &0., on hire .. .. 553 Accident Insurance Reserve .. .. 13,523 Less provisionally written off .. .. 4 Bad Debts Reserve .. .. .. 1,697 549 Taxation Reserve .. .. .. 18,000 Depots— 273,245 Property Accounts .. .. .. 10,493 General Profit and Loss Account : Net surplus for year 707 Stocks and stores on hand .. .. 17,325 27,818 Less provisionally written off . . .. 4,379 23,439 Sinking Fund investments.. .. .. .. 6,320 Housing advances to workmen .. .. 24,780 Interest accrued due .. .. .. 267 25,047 Miscellaneous advances .. .. .. 2,011 Interest accrued due .. .. .. 7 2,018 Sundry debtors— South Island collieries .. .. .. 5,567 North Island collieries .. .. .. 389 Mac Donald Colliery .. .. .. 1,196 Wellington Depot .. .. 53,698 Christchurch Depot .. .. .. 9,845 70,695 Less provisionally written ofE .. .. 474 70,221 Cash in Receiver-General's Deposit Account .. .. 1,140 Cash in Public Account .. .. .. .. 12,582 £525,983 £525,983 M. L. Thomas, Accountant. P. C. Webb, Minister of Mines. I hereby certify that the attached Working and Profit and Loss Accounts of Depot 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.—Cyril G. Collins, Controller and Auditor-General.

B—B. 1 [PT. TV].

B.—l [PT. IV],

STATE FIRE INSURANCE OFFICE. Revenue Account for the Year ended 31st December, 1940. Dr. £ s. d. Gr. £ s. d. Premiums after deduction of reinsurances .. 218,253 9 0 Bonus rebate to policyholders .. .. 41,921 15 7 Other receipts; — £ s. d. Losses by fire and earthquake (after deduction of Interest, commission, and rent 52,354 3 8 reinsurances) .. .. .. .. 31,616 16 9 Less land and income tax Income-tax.. .. .. .. .. 40.413 12 5 £28,246 lis. Bd. and National and social security tax .. .. 1.1,406 2 9 national and social security Commission .. .. .. .. 11,102 3 3 tax £8,377 .. .. 36,623 11 8 Salaries .. .. .. .. .. 31,450 10 6 15,730 12 0 Contribution to Public Service Superannuation Fund .. .. .. .. .. 408 13 7 Contribution to Fire Boards under the Fire Brigades Act, 1908 .. .. .. 12,124 13 1 Expenses of management— £ s. d. Travelling-expenses .. .. 2,440 211 Printing, stationery, and advertising .. .. .. 1,456 1 8 Rent .. .. .. 1,679 16 9 Exchange .. .. .. 51 2 6 Postages, telegrams, cablegrams, and sundrv charges .. 4,337 3 4 9,964 7 2 Office equipment .. .. .. .. 736 15 2 Office premises: Depreciation .. .. 4,879 9 2 Reserve for unearned premiums .. .. 4,880 4 7 200,905 4 0 Bonus Rebate Reserve .. .. .. 10,078 17 0 Office premises: Written off .. .. .. 23,000 0 0 £233,984 1 0 £233,984 I 0 Balance-sheet op the State Fire Insurance Office as at the 31st December, 1940. Liabilities. Assets. £ s. d. Capital authorized by the State Fire £ £ s. d. Government securities .. .. .. 692,189 12 0 Insurance Act, 1908 .. .. 100,000 Local-authority securities .. .. .. 240,907 17 4 Less not raised .. .. .. 100,000 Rural Advances bonds .. .. .. 14,175 0 0 Nil Fixed deposits and at short call .. .. 130,000 0 0 Bad Debts Reserve .. .. .. .. 1,500 0 0 Land and buildings .. .. .. .. 209,748 12 7 Reserve Fund .. .. .. .. 747,928 16 4 Outstanding premiums .. .. .. 11,551 2 5 Investments Fluctuation Reserve Fund .. 85,000 0 0 Interest accrued but not due .. .. .. 10,545 7 8 Reserve for unearned premiums .. .. 109,126 14 6 Rent accrued or due .. .. .. 3,891 15 10 Bonus Rebate Reserve .. .. .. 122,578 17 0 Rent overdue .. .. .. .. 71 14 7 Reinsurance Reserve Fund .. .. .. 140,000 0 0 Cash in Reserve Bank of New Premium and other deposits .. .. .. 1,558 9 0 Zealand at Wellington, or in £ s. d. Outstanding fire and earthquake losses. . .. 3,509 0 0 transit to Wellington .. 75,905 19 5 Government taxe3 .. .. .. •• 126,055 6 9 Imprest Account balances: Head Sundry creditors .. .. .. •• 43,803 17 10 Office and branches .. .. 2,656 9 3 Other amounts owing by the Office — £ s. d. — 78,562 8 8 Reinsurance premiums due .. 5,323 19 1 Commission .. .. 2,381 13 7 Printing, stationery, and advertising .. . . .. 29 0 8 Postages and sundry charges .. 2,847 16 4 10,582 9 8 £1,391,643 11 1 £1,391,643 11 1 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.— C. G. Collins, Controller and Auditor-General.

B. —1 [PT. IV].

STATE FIRE INSURANCE OFFICE. —continued. .Revenue Account of the Accident Branch fob the Year ended 31st December, 1940. Dr. £ s. d. Cr. £ s. d. Premiums after deduction of reinsurances .. 259,398 16 6 Bonus and sums accrued under profit-sharing £ s. d. schemes . . .. .. .. .. 3,999 11 1 Interest .. .. .. 20,556 13 4 Claims .. .. .. .. .. 137,999 19 3 Less — £ Income-tax.. .. .. .. .. 40,601 18 0 Income-tax .. 11,416 ' National and social security tax .. .. 9,492 2 7 National and social Commission .. .. .. .. 9,720 2 3 security tax .. 3,571 Salaries .. .. .. .. .. 22,800 15 10 — 14,987 0 0 Contribution to Public Service Superannuation 5,569 13 4 Fund .. .. .. .. .. 201 4 2 Expenses of management .. .. .. 9,462 11 4 234,278 4 6 Further appropriation to Investment Fluctuation Reserve .. .. .. .. .. 10,000 0 0 Amount of Accident Funds, 31st December, 1940 20,690 5 4 £264,968 9 10 £264,968 9 10 Balance-sheet of the Accident Branch of the State Fire Insurance Office as at the 31st December, 1940. Liabilities Assets. £ s. d. £ s. d. Accident Funds, as per Revenue Account .. 20,690 5 4 Government securities .. .. .. 262,515 0 0 Outstanding accident claims .. .. .. 107,699 0 0 Local-authority securities .. .. .. 203,354 12 3 Government taxes .. .. .. .. 81,220 18 10 Rural Advances bonds .. .. .. 4,725 0 0 Commission .. .. .. •• 1,158 7 3 Property under agreement for sale and purchase 3,980 0 0 Premiums and other deposits .. .. .. 1,324 i 6 Fixed deposits and at short call .. .. 97,620 0 0 Sundry creditors .. .. .. .. 4,013 7 7 Interest accrued but not due .. .. .. 4,539 0 9 Reinsurance premiums due .. .. .. 481 6 4 Agents'balances .. .. .. .. 6,735 3 1 Officers' Fidelity Fund .. .. .. 500 0 0 Sundry debtors, including Motor-vehicles InsurReserve for unearned premiums .. .. 130,561 8 0 ance (Third-party Risks) Act Pool .. 114,974 14 8 Investment Fluctuation Reserve .. .. 70,000 0 0 Cash in hand on current account .. .. 52,419 3 7 Reinsurance Reserve. . .. .. .. 56,000 0 0 Bad Debts Reserve .. .. .. .. 1,000 0 0 Reserve Fund constituted under section 6 of the Government Accident Insurance Amondment Act, 1924 276,213 19 6 £750,862 14 4 £750,862 14 4 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. G. Collins, Controller and Auditor-General.

B.—l [PT. IV].

SWAMP LAND DRAINAGE SCHEMES. Rate Accounts for Year ended 31st March, 1941. Kaitaia Drainage Abba. Spatial Rate Accounts : Capital. Rural Town Rural Town Subdivision. Subdivision. Subdivision. Subdivision. , Dr. £ £ ( "' r ■ £ Transfer to Reserve .. .. ..407 04 Balance, Ist April, .1940. . .. ..1,703 54 Interest charges .. . • • • 2,533 340 Rates levied 1940—41 .. .. .. 3,1.81 441 Remissions .. .. .. .. 148 1 10 per cent, penalty on unpaid rates .. 261 16 Balance, 31st March, 1941 .. .. 1,997 100 £5,145 £511 £5,145 £511 General Rate Accounts : Maintenance. Rural Town Rural Town Subdivision. Subdivision. Subdivision. Subdivision. Dr. £ £ Or. £ £ Remissions .. .. .. .. 57 . . .Balance, Ist April, 1940 . • • • 971. ,1.64 Cost of maintenance .. .. .. 1,230 200 Rates levied .. .. .. .. 1,773 201 Balance, 31st March, 1941 .. .. 1,610 174 10 per oent. penalty on unpaid rates ..153 9 £2,897 £374 £2,897 £374 Waihi Drainage area. Special Rale Accounts : Capital. Pukehina Kaikokopu Pukehina Kaikokopu Ward. Ward. Ward. Ward. Dr. £ £ Cr. £ £ Balance, Ist April, 1940.. .. ..1,287 .. Balance, Ist April, 1940.. .. .. .. 207 Transfer to Resorve .. .. . • 40 69 Rates levied .. .. .. .. 320 430 interest charges .. .. • ■ 208 313 10 per cent, penalty on unpaid rates .. 13 30 Balance, 31st March, 1941 .. .. 449 285 Adjustment in respect of rates remitted .. 1,657 £1,990 £007 £1,990 £007 General Rate Accounts : Maintenance. Pukehina Kaikopuku Central Pukehina Kaikopuku Centra! Ward Ward. Ward. Ward Ward. Ward. Dr. £ £ £ Cr. £ £ £ Balance, Ist April, 1940 .. .. 458 .. 1,059 Balance, Ist April, 1940 .. .. .. 152 Maintenance-costs .. .. 92 459 367 Rates levied .. .. .. l/(> 579 551 Remissions .. .. • • ■ • • ■ 2 10 per cent, penalty on unpaid rates 7 37 19 Balance, 31st March, 1941.. .. J ,082 309 1,049 Adjustment in respect of rates remitted .. .. .. 1,449 .. 1,907 £1,032 £768 £2,477 £1,632 £708 £2,477 Pookawa Drainage Area. Special Rate Accounts : Capital. Dr. £ Or. £ Transfer to Reserve .. .. .. • • • • 154 Balance, Ist April, 1940 .. .. .. . . 325 Interest charges .. •• •• 924 Rates levied .. .. .. .. .. 1,121 Remissions .. • • • • • • • • 55 10 per cent, penalty added to unpaid rates .. .. 87 Balance, 31st March, 1941 .. .. • • • • 400 £1,533 £1,533 General Rate Accounts : Maintenance. D r £ Cr. £ Balance, Ist April, 1940 195 Rates levied .. .. 312 Cost of maintenance .. .. ■ • • • 359 10 per cent, penalty added to unpaid rates .. .. 18 Remissions .. ■■ •• •• 162 Thirds .. .. .. .. .. •• 108 Balance, 31st March/1941 .. .. .. .. 639 Adjustment.in respect of Thirds, previously credited to Drainage Works Account .. .. .. .. 917 £1,355 £1,355

B.—l [PT. IV].

SWAMP LAND DRAINAGE SCHEMES—continued. Balance-sheet as at 31st March, 1941. Liabilities. Assets. Capital Account— £ £ Kaitaia Drainage Area — Public Works Fund .. • .. 498,832 Allocated cost of work on which rates arc Less Loans Redemption Account .. 405 levied: — £ £ 498,427 Rural Subdivision .. .. .. 60,000 Reserve: Repayment of capital costs — Town Subdivision .. .. .. 8,200 Kaiataia Drainage Area— £ 68,200 Rural Subdivision .. .. 4,174 Excess cost of works not recoverable 164,101 Town Subdivision .. .. 570 Interest Account: Amount chargeable to area — 4,744 capitalized to 31st March, 1940 .. .. 168,958 Waihi Drainage Area — £ 333,059 Pukehina Subdivision 404 Waihi Drainage Area— Less capital liability remitted 167 Allocated cost of work on tvhich rates are 237 levied:— Kaikokopu Subdivision .. 606 Pukehina Subdivision .. .. .. 5,000 843 Kaikokopu Subdivision .. .. 7,500 Poukawa Drainage Area— .. 1,171 Central Subdivision .. .. .. 46,367 Less capital liability .. . . 289 58,867 882 Excess.cost of works not recoverable .. 28,643 , 6,469 Interest Account: Amount chargeable to area Rate Accounts— and capitalized to 31st March, 1940 .. 48,576 Special Rate Accounts : Capital— 77,219 Kaitaia Drainage Area— Poukawa Drainage Area-— Rural Subdivision .. .. 1,997 Drainage-works .. .. .. 17,440 Town Subdivision .. . . 100 Interest Account: Amount chargeable to 2,097 area .. .. .. .. 1,472 Waihi Drainage Area— 18,912 Kaikokopu Subdivision . . .. 285 Hikurangi Drainage area— Pukehina Subdivision . . . . 448 Drainage-works . . .. .. 259,087 Poukawa Drainage Area .. .. 400 Less amount written off .. .. 184,388 3,230 ——- General Rate Accounts : Maintenance — 74,699 , Kaitaia Drainage Area — Interest Account : Amount chargeable to Rural Subdivision .. .. 1,610 area and capitalized to 31st March, 1940 163,068 Town Subdivision .. .. 174 237,767 1,784 Mangawai Drainage Area— Waihi Drainage Area— Drainage works .. .. .. 1,878 Pukehina Subdivision .. .. 1,083 Interest Account: Amount charged to works Central Subdivision .. .. 1,049 to 31st March, 1939 .. .. .. 1,606 Kaikokopu Subdivision . . 309 2,441 3,484 Poukawa Drainage Area .. . . 639 Less amount written off .. .. 3,484 4,864 Sundry creditors — Harihari Drainage Area— Miscellaneous .. .. . . .. 28 Drainage-works . . . . .. 4,355 Departmental .. .. .. . . 7 Interest Account : Amount chargeable to — 35 area and capitalized to 31st March, 1940 .. 3,429 Rents charged in advance .. .. .. .. 95 7,784 Payments in advance : Rates .. .. .. 1 Unpaid purchase-money on land sold on deferred payment 713 Buildings Suspense .. .. .. .. 229 Buildings . . .. . . .. . . 1,359 Drainage Works Suspense .. .. .. . 7.13 Buildings: Loading .. .. .. .. 229 Writings-off in Suspense .. .. .. .. 5,286 Plant and machinery .. .. .. .. 3,068 Treasury Adjustment Account .. .. .. 365,951 Loose tools .. .. .. .. .. 105 Stores on hand .. .. . . . . .. 1,585 Motor-vehicles .. . . .. . . . . 122 Sundry debtors for rates- Mainte . Drainage Area. i/aprau. nanoe- £ £ Kaitaia .. .. .. 24,504 10,496 35,000 Waihi .. .. .. .. 2,850 2,476 5,326 Poukawa .. .. .. 1,428 253 1,681 Sundry debtors— Rent under section 4 (2), Swamp Land Drainage Amendment Act, 1926 .. 117 House rents .. .. .. . . 2 Law-costs .. .. .. . . 1,097 Miscellaneous .. .. .. .. II Departmental .. .. .. .. 110 1,337 Maintenance-costs (Hikurangi) .. ~ .. 434 Premiums on conversion .. ... .. . . 51 Revenue Account—Waihi Drainage Area: Central Subdivision . . .. .. .. .. 16,914 Genoral Revenue Account .. .. .. .. 10,135 Losses in Suspense .. .. .. .. 5,286 Interest accrued but not due .. .. .. 10 Cash in transit from Post Office .. .. .. 137 £885,300 £885,300 Up to 31st March, 1940, interest on the recoverable expenditure was charged against the Rate Accounts and interest on the balance of the expenditure was capitalized, but, in terms of Treasury Instruction No. 81, Treasury agreed that thereafter interest on irrecoverable expenditure need not be brought into the accounts. R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief 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 departmental note enfaced thereon and to the explanatory notes dealing with Departmental Accounts generally as appearing at commencement of parliamentary return 8.-l [Ft. IV. ]. —Cyril G. Collins, Controller and AuditorGeneral.

B.—l [Pt. IV].

TEACHERS' SUPERANNUATION FUND. Revenue Account for the Year ended 31st January, 1941. Dr. £ S. d. Or. £ s. d. Balance 31st January, 1940 .. .. 967,075 17 11 Retiring and other allowances .. .. 333,459 7 2 Contributions of members— £ s. d. Contributions refunded— £ s. d. Ordinary .; .. 163,830 14 9 On voluntary retirement .. 25,658 4 8 Serving with H.M. Forces 4,582 12 11 On death of members . . 5,985 1 7 168,413 7 8 On lapse of membership .. 1,185 311 Contributions transferred from other funds .. 1,474 13 6 — 32,828 10 2 Additional contribution from the Governments in— Rebate of contributions under National Expendi- £ s. d. ture Adjustment Act, 1932, section 9 (2), to Fiji .. .. .. 387 15 3 annuitants . . .. . • • ■ 216 5 4 Tonga .. .. .. 21 2 7 Contributions transferred to other funds .. 1,680 0 2 408 17 10 Administration expenses— £ s. d. Government Subsidy — Commission, G.P.O. .. 657 8 6 Under section 10, Finance Commission, Public Trustee 1,262 9 3 Act, 1940 .. .. 113,000 0 0 Clerical assistance .. 900 0 0 Under the Act, section 112 43,000 0 0 Postage and telegrams .. 100 0 0 Under the Act, section 114 5,111 18 3 Office expenses .. 153 1 3 On account of reduction of Travelling-expenses of Board interest during year ended members .. . ■ 94 11 I 31st March, 1940, under Medical fees .. . • 24 3 0 National Expenditure Ad- Audit fees .. .. 50 0 0 justment Act, 1932 .. 5,805 0 0 . 3,241 13 1 — 166,916 18 3 Balance at 31st January, 1941 .. .. 974,884 12 6 Interest — On investments .. .. 41,629 2 0 On contributions in arrears 695 17 10 42,324 19 10 Less investments written down (proportion of premium on purchase of investments) .. 304 6 7 42,020 13 3 £1,346,310 8 5 £1,346,310 8 5 COST-OF-LIVING BONUS ACCOUNT FOR THE YEAR ENDED 31st JANUARY, 1941. Dr. £ s. d. Or. £ s. d. Refund from Consolidated Fund .. .. .. 383 3 7 Balance due from Consolidated Fund, 31st January, Balance due from Consolidated Fund, 31st January, 1940 .. .. .. •• 44 22 1941 .. .. .. .. .. 33 12 0 Payment of bonus .. .. .. • • 372 13 5 £416 15 7 £416 15 7 Balance-sheet as at 31st January, 1941. Liabilities. £ s. d. Assets. Fund as per Revenue Account .. .. 974,884.12 6 Amount held by Public Trustee— £ s. d. £ s. d. Retiring and other allowances due and unpaid .. 989 10 6 Invested .. .. .. 955,824 11 6 Refund of contributions due and unpaid .. 2,880 7 I Uninvested .. .. 8,810 210 Administration expenses unpaid— 964,634 14 ■! Commission Post and Tele- £ s. d. Premium paid on purchase of graph Department .. .. 218 9 0 investments .. .. 2,525 3 4 Clerical assistance .. .. 750 0 0 Less amount written off .. 304 6 7 ... Postage and telegrams 83 6 8 . . n™ o Office expenses, printing, and Amounts paid to protect securities .. .. 202 5 8 stationery .. • • 43 3 0 Contributions of members — Audit fee .. .. .. 41 13 4 In transit .. .. .. 6,055 5 1 — , 1,136 12 0 Due and outstanding— Unclaimed contributions .. .. •• 2,019 15 3 Ordinary contributors .. 3,963 16 11 Amounts paid into fund in error .. .. 16 4 0 By Government on account Rent received from securities leased .. .. 414 16 6 of contributors on leave Reserve— with the forces.. .. 2,503 4 3 o For commission payable to Public > 1 Trustee in respect to interest Interest on investments due or accrued .. .. 416 16 3 Due and outstanding .. 2,528 17 7 For commission to Post and Tele- Accrued, but not due .. 10,973 12 7 ; graph Department in respect to , ' 13,502 10 2 vouchers issued but unpaid 42 12 6 Interest on arrears of contribuFor cost of actuarial examination 32 0 0 tions due and outstanding 491 8 9 (contributors) . . .. .. .. 447 1 9 Reserve for loss on investments .. .. 1,289 17 9 Due by Consolidated Fund for Vouchers issued but unpaid at Ist cost-of-living bonus.. .. .. .. 33 12 0 February, 1941 •• •• 22,284 5 8 Government subsidyLess cash in Post Office Account .. 12,305 10 10 Additional subsidy under sec9,978 14 10 tion 114, Public Service Superannuation Act, 1927, allowances unpaid at 31st January, 1941 .. .. .. .. 538 12 4 £994,101 19 2 £994,101 19 2 Notes —Since the closing of the accounts 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, during the year to 31st March, 1941 The amount for the period to 31st January, 1941, not included in the year's accounts, is £1,917. 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 contingent liability in this respect is estimated at £3,600. A. E. MCKinnon, 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 departmental notes enfaced thereon.— Cyril 0. Collins, Controller and Auditor-General.

B.—l [Pt. IV].

TREASURY DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1941. Expenditure. £ Income. £ Salaries .. .. .. .. .. .. 39,985 Fees for services rendered by Government Actuary .. 7,706 Overtime and meal allowances .. . . . . 292 Recoveries on account of expenditure of previous year 174 Legal and professional expenses .. .. . . 73 Profit on sale of stores .. .. .. .. 12 Printing and stationery .. .. .. .. 5,220 Balance carried down .. .. .. .. 53,932 Postages and telegrams .. .. .. .. 5,966 Travelling-expenses .. . . ~ .. 896 Office requisites .. .. . . ~ .. x ; 049 Advertising and sundry expenses .. . . .. 103 Telegrams beyond the Dominion .. .. .. 1,524 Telephone services .. .. .. .. 543 Rent of offices .. .. .. .. .. 3,953 Fees, allowances, &c. : Local Government Loans Board 271 Bank exchange, commission, &c. .. .. .. 418 Fuel, light, power, and water . . . . .. 50 Cartage, freight, &c. .. . . .. .. 93 Repairs to motor-vehicle .. .. . . .. 20 ' Depreciation .. .. . . .. . . 1,368 £61,824 £61,824 £ £ Balance brought down .. .. .. .. 53,932 Fees under New Zealand Loans Act, 1932 .. .. 286 Public dobt expenses— Balance carried down .. .. .. .. 115,613 Management charges .. .. .. .. 51,219 Cost, charges, and expenses of raising and converting loans .. .. .. .. .. 9,585 Stamp duty on transfers .. .. .. .. 1,163 £115,899 £115,899 £ £ Balance brought down .. .. .. .. 115,613 Excess of expenditure over income .. .. .. 115,975 Interest on capital .. .. .. .. 362 £115,975 £115,975 Balance-sheet as at 31st March, 1941. Liabilities. £ /Issefe. £ Capital .. .. .. .. .. .. 8,815 Furniture, fittings, &c. .. .. .. .. 842 Creditors— £ Mechanical appliances .. .. .. .. 7,755 Departmental .. .. .. .. 2,097 Library .. .. .. .. .. .. 218 Sundry .. .. .. .. 652 Stock of stamps .. .. .. .. .. 20 2,749 Debtors : Departmental .. .. . . .. 3,947 Treasury Adjustment Account ~ .. .. 117,219 Expenses paid in advance .. .. .. .. 26 Excess of expenditure over income .. .. .. 115,975 £128,783 £128,783 A. R. F. Mackay, 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 dislosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at the commencement of parliamentary return 8.-l [Pt. IV], —Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. IV].

VALUATION DEPARTMENT. Income and Expenditure Account fob the Year ended 31st March, 1941. Expenditure. £ * Income. Advertising, publications, &c. .. •• 223 Fees charged for— Assessment and other Court expenses .. 657 Valuers reports .. •• >' Depreciation on office furniture, fittings, and maps .. 1, 107 Certified copies of existing roll values Fees to Valuers 8,969 Contributions from— Freight and cartage .. .. 29 Local bodies .. .. •• -• •• Fuel and lisht ■■ 70 Land-tax Department .. .. •• •• !«,»<•-> Tnw nnata 1 Levying and collecting hospital rates in Sounds and Maps : Maintenance' !! ! 577 Taupo Counties and in part Waiheke Island .. 180 Office expenses .. .. • • ■ • 327 Balance Overtime and meal allowance .. . . 14 Services of Post and Telegraph Department .. 100 Postages and telegrams .. .. • ■ • 810 Printing and stationery .. .. • • • 474 Bent .. .. •• •• •• 3,903 Salaries .. ■■ •• •• on Telephone services .. .. .. ■ ■ • • 683 Transfer and removal expenses .. .. • • "3 Travelling allowance and expenses .. .. 4,100 Typewriters: Bepairs .. .. • • • • 18 Payment to widow of deceased officer in lieu of leave .. 68 £58,230 £58,230 SSS :: :: :: :: :: 13 'S :: :: :: :: £13,934 £!3,934 Balance-sheet as at 31st March, 1941. Tjinhilitiea £ Assets. £ Capital Account .. 18,300 Office furniture and fittings 1,215 Creditors— £ Mechanical appliances .. .. .. ■ ■ .s»0 Sundry 1,098 Motor-car 74 Departmental .. .. •• 196 " " " I'lo^; F 1,288 Stationery .. .. • • • • • ■ 1 »105 Payments in advance .. •• •• 34 Debtors— Bad Debts Beserve .. •• •• •• Looal bodies .. • . •• •• > Suspense Account: Hospitals and Charitable Institutions Land-tax Department . . .. •• ib '6™ Act, 1926 316 Sundry .. 255 Treasury Adjustment Account .. •• •• 43,244 Sundry departmental .. .. .. ggry Deposits, Treasury : Hospitals and Charitable Institutions Act, 1926 .. 311 Excess of expenditure over income .. .. ■ • 13,925 £63,208 £63,208 F. H. Waters, Deputy Valuer-General. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].— Gyril G. Collins, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (528 copies), £95,

By Authority: E. V. Paul, Government Printer, Wellington. —1941.

Price Is. 3d.]

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1940-41. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.), Appendix to the Journals of the House of Representatives, 1941 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1940-41. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1941 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1940-41. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1941 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1940-41. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1941 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1940-41. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1941 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1940-41. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1941 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1940-41. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1941 Session I, B-01-part04

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