BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1941-42 AUDITED ACCOUNTS (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932)

Appendix to the Journals of the House of Representatives, 1943 Session I, B-01-part04

B.—l [Pt. IV]

1943 NEW ZEALAND

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1941-42 AUDITED ACCOUNTS (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932)

1— B. 1 [PT. IV], 1942

B.—l [PT. IV]

CONTENTS

PAGE PAGE Administration of Western Samoa .. .. 3 Post and Telegraph Department .. .. 19 Arawa District Trust Board .. .. 4 Printing and Stationery Department .. ' . . 21 Meetnc Supply Account (see Parliamentary Paper D.-]). p ub]ic Service Superannuation Fvmd (see Parliamentary External Affairs Department— p H 1 v M v "Mnll i Pnrmrf»" ft x aper xi. zo). Government Life Insurance Department (see Parlia- Public Trust ()ffice < see Parliamentary Paper 8.-9 a). mentary Paper H.-8). Railway Department (see Parliamentary Paper D.-2). Hauraki Plains Settlement Account .. .. 0 Railways Superannuation Fund (see Parliamentary Paper Housing Account (see Parliamentary Paper 8.-13). D.-5). Land for Settlement Accounts .. .. .. 7 Rangitaiki Land Drainage Scheme .. .. . . 23 Main Highways Account (see Parliamentary Paper D.-l). Small Farms Scheme .. .. .. 24 Maori Purposes Fund Board .. .. ..11 State Coal-mines Account (see Parliamentary Paper C.-2a). Marketing Department—- State Fire Insurance Office (see Parliamentary Paper H.-(i). Export Dmsion (see Parliamentary' Paper H.-30). State Forest Service .. .. ' ..26 Internal Marketing Division (see Parliamentary Paper ~ , , ... ~ . rtr . H.-30a) ox bwamp Land Drainage Schemes .. .. A) National Broadcasting Service .. .. 12 Taranaki Maori Trust Board .. .. 32 National Commercial Broadcasting Service .. ..13 Teachers' Superannuation Fund (see Parliamentary Paper National Provident Fund (see Parliamentary Paper H.-17). E.-8). Native Department— ' Tuwharetoa Trust Board .. .. .. .. 33 District Maori Land Boards .. .. ..14 War Damage Fund (see Parliamentary Paper 8.-1J). Native Land Development Schemes .. 18 Westport Harbour Account .. .. 34

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 B.—l [Pt. IV], 1942, which are 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 case of separate accounts such as Main Highways Accotmt 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) Non-publication of Balance-sheets. —Publication of a considerable number of balance-sheets has been discontinued because of shortage of staff and as a paper-conservation measure.

2

B.—l [PT. TV]

ADMINISTRATION OF WESTERN SAMOA Revenue Account for the Year ended 31st March, 1942 Expenditure £ s. d. Revenue £ s. d. Administrator and Government House .. 2,066 5 10 Education Department .. .. .. 397 10 0 Education Department .. .. .. 9,731 19 1 Health Department .. .. .. .. 8,395 15 8 Health Department.. .. ... .. 26,51604 Justice Department .. .. .. .. 550 19 0 Justice Department .. .. .. .. 2,437 6 0 Lands and Survey Department .. .. 495 14 7 Lands and Survey Department .. .. 2,222 16 7 Native Affairs Department .. .. .. 503 12 3 Native Department .. .. .. .. 8,448 19 7 Polioe and Prisons Department .. .. 2,975 II 0 Police and Prisons Department .. .. 8,411 13 10 Postal and Radio Department .. .. 9,749 9 4 Postal and Radio Department .. .. 7,040 3 0 I'ublic Works Department .. .. .. 5,413 18 3 Public Works Department .. .. .. 16,968 13 1 Treasury and Customs Department .. .. 73,499 5 6 Secretariat Department .. .. .. 5,983 14 9 Adjustment depreciation .. .. .. 50 18 10 Treasury and Customs Department .. .. 11,618 17 1 Balance of Revenue Account .. .. .. 9,734 1 9 Public debt charges .. .. .. .. 9,620 15 11 Bad and Doubtful Debts Reserve Adjustment .. 699 11 I £111,766 16 2 £111,766 16 2 Balance-sheet as at 31st march, 1942 Liabilities Assets £ s. d. £ s. d. £ s. d. £ s, d. Capital Account .. .. 189,341 12 5 Land .. .. .. .. 32,838 19 9 Less balance, Revenue Account 9,734 1 9 Roads and bridges .. .. 34,052 13 7 179,607 10 8 Apia drainage and water works .. 22,136 4 8 Assets Replacement Reserve .. .. 12,000 0 0 Native water-supply .. .. 26,256 9 8 Vaisigano Bridge Reserve .. .. 5,000 0 0 115,284 7 8 Buildings and wharves .. .. 137,088 0 0 196,607 10 8 Plant and machinery .. .. 35,613 1 0 Reserve for assets in suspense for Launches, boats, &c. .. .. 3,184 12 3 writing off .. .. .. • • 289 4 7 Buoys, beacons, and moorings . . 1, 326 2 3 Public debt: New Zealand Govern- Motor and other vehicles .. 4,276 1 6 ment .. .. 102,210 0 0 Arms and accoutrements .. 607 10 6 Less repaid during year .. 5,370 0 0 Fire-fighting appliances .. .. 1,339 14 5 — 96,840 0 0 Furniture and fittings .. 13,071 2 0 Samoan currency notes .. .. 27,000 0 0 Mechanical office appliances .. 843 9 4 Less unissued notes .. .. 1,000 0 0 Medical and technical instruments 26,000 0 0 and equipment .. .. 5,359 14 2 Post Office Savings-bank deposits .. 73,904 4 11 Libraries .. .. .. 947 2 8 Coolie Labour Account .. .. .. 12,462 14 11 Assets suspense .. .. 19 1 Sundry deposits— Assets in suspense for writing off.. 289 4 7 Held in Treasury .. .. 5,593 17 2 Held in departmental trust 203,947 3 9 accounts .. .. 3,488 6 7 Less depreciation .. .. 91,350 1 2 9,082 3 9 112,597 2 7 Sundry creditors .. .. •. * • 5,402 7 6 Loose tools . . .. .. 231 13 6 Public Debt Sinking Fund .. .. .. 3 1 11 Saddlery and harness .. .. 71 7 9 Live-stock .. . . . . 182 18 0 Consumable stores .. .. 19,562 5 1 Goods in transit .. .. 1,721 1 0 21,769 5 4 Reserve Fund investments— Assets replacement: New Zealand Government stock .. 12,000 0 0 Vaisigano Bridge replacement : New Zealand Government stock 5,000 0 0 17,000 0 0 Other investments— Samoan currency notes : New Zealand Government stock 27,000 0 0 Ordinary revenue : New Zealand Government stock .. .. 7,850 0 0 Deposits, Post Office Savingsbank, Apia I. .. 563 9 10 Mortgage over freehold property in Samoa .. .. .. 356 16 4 Public Debt Sinking Fund : New Zealand Treasury .. .. 3 111 35,773 8 1 Post Office Savings-bank Account— Investments in New Zealand .. 67,997 0 0 Bank of New Zealand, Apia .. 3,814 8 0 Postmaster's Account, Apia .. 1,092 16 11 72,904 4 11 Coolie Labour Account— Investments— New Zealand Government stock .. .. .. 9,550 0 0 Mortgage over freehold property in Samoa .. .. 773 17 6 £ s. d. Sundry debtors 1,736 5 7 Loss reserve for bad and doubtful debts .. 1,336 0 0 400 5 7 Accrued interest not yet due .. .. 84 17 9 Furniture and mechanicaloffice appliances .. 56 10 1 Less depreciation reserve .. 53 17 11 —— 2 12 2 10,811 13 0 Advances— Sundry .. .. .. 8,235 13 3 Land-settlement scheme .. 3,479 12 4 —— 11,715 5 7 Carried forward . £420,591 8 3 Carried forward .. .. £397,855 7 2

3

B.—l [PT. IV]

ADMINISTRATION OF WESTERN SAMOA—continued Balance-sheet as at 31st March, 1942 —continued £ b. d. £ s. d. Brought forward .. .. 420,591 8 3 Brought forward .. .. 397,855 7 2 Sundry debtors— £ s. d. Ordinary .. 12,477 3 9 Tulaele Farm : Deferred principal 6 11 7 12,483 15 4 Less reserve for bad and doubtful dobts .. .. 7,958 0 0 4,525 15 4 Interest on investments accrued but not due .. .. .. .. 298 5 11 Payments in advance .. .. .. 23 15 7 Cash and bank balances— Cash in hand—Apia .. .. .. 401 2 9 Resident Commissioner, Savai'i 31 8 2 Bank of New Zealand, Apia .. 1,490 0 0 Cash held in departmental trust accounts .. .. .. 3,488 6 7 Deposit Account, New Zealand Treasury .. .. .. 12,732 15 6 Bank of New Zoaland London Imprest Account .. .. 207 0 2 18,350 13 2 Less remittances in transit .. 462 8 11 17,888 4 3 £420,591 8 3 £420,591 8 3 G. H. Pearce, Treasurer of Western Samoa. Examined and found correct.—J. P. Rutherford, Deputy Controller and Auditor-General.

ARAWA DISTRICT TRUST BOARD Receipts and Payments Account for the Year ended 31st March. 1942 Receipts £ £ Payments Bank balance, 31st March, 1941 .. .. 432 £ Reserve Bank of New Zealand .. .. 500 Bonds and debentures .. .. .. .. 2,473 932 Rotorua Borough Council .. .. .. .. igg New Zealand Government statutory grant .. .. (5,000 Loans granted .. .. .. .. .. gsi Loans repayments .. .. .. .. .. 796 Grants .. .. .. .. .. .. 2,795 Contributions and subsidies .. .. .. .. 1,650 Deposits .. .. .. .. .. .. '404 Deposits .. . . .. .. .. .. 643 Advances to sundry tribes, &c. .. .. .. 199 Advances to sundry tribes, &c. .. .. .. 56 Tools .. ... .. .. .. .. y Election of Board members: Nomination fees.. .. 42 Administration expenses .. .. .. .. 717 Sundries .. .. .. .. .. .. 6 Special grants .. .. .. .. .. 543 Miscellaneous .. . . . . .. .. 55 Miscellaneous .. .. .. .. ~ \ ; (530 Arawa sports (tennis trophy): Entrance fees .. .. 1 Sundries .. .. .. .. .. .. n Arawa Maori Council: Fees.. .. .. .. 2 Election of Board members— £ Interest .. .. .. .. .. .. 13 Nomination fees refunded .. .. .. 28 Election expenses .. .. .. 6 — 34 Maori primary production (contra) .. .. .. 22 Property purchase .. . . .. .. 15 Cash balance, Bank of New Zealand, 31st March, 1942 108 Cash reserve, Bank of New Zealand .. .. 500 608 £10.196 £10,196

4

B.—l [PT. IV]

ARAWA DISTRICT TRUST BOARD—continued Income and Expenditure Account for the Year ended 31st March, 1942 Expenditure £ £ Income wants — Aged and infirm .. .. .. 22 New Zealand Government .. .. .. 6 000 Educational 297 Arawa Maori Council .. .. ' 2 Marae .. .. .. ~ # # qq Special (including emergency hospital) .. 331 Arawa soldiers (active and returned) .. 168 . , . . 884 Administration— Members' expenses .. .. .. 38 Office expenses .. .. .. .. 157 Office rent .. .. .. ~ 65 Salaries.. .. .. .. .. 429 ri 689 Depreciation .. .. .. . _ Interest .. .. .. .. ~ 731 Sundries .. .. .. .. , j q Balance forward .. .. .. ] !! 3,596 ' £6^002 £6,002 £ T> _ Balance brought down .. .. .. 3 kqr Koutu Road written off .. .. .. g M arae accounts written off (recovered) .. '252 Marae Ngapuna, written off .. .. .. 10 Commissions .. .. .. .. | 2 Loans Repayment Reserve .. .. . . | ,729 Miscellaneous loans written off (recovered) .. J1 Balance to balance-sheet 14,245 Balance, 31st March, 1941 .. .. .. .. 12.131 £15 ' 992 £15,992 Balance-sheet as at 31st March, 1942 Liabilities Assets Native lnistee (Treasury) £ £ Property investments— £ c Finance Adjustment Loan. . .. .. 19,285 Maketu property (farm) .. 27 645 Village improvement .. .. .. 59 Maketu purchases .. .. " 6 ,'115 „ , 19,344 Whakapoungakau 4k .. .. . 43s Sundry creditors Other properties . . . . 027 Materials and goods .. .. .. 803 ' ..4 qok Services rendered .. .. .. 344 Other investments: Shares (Associated Motors) .. 10 . , ~ . 1 > 147 Loans (including interest) — Amount held in trust— Miscellaneous 2 866 Sundry Natives .. .. .. .. 250 Workers'dwellings .. .. 1'676 Sundry villages 1,589 Agricultural .. .. ' l'oB7 Sundry tribes ........ 40 " ' 5 fi2 Q Emergency hospital (furnishing) .. .. 10 Sundry debtors— _ . 1,889 Ordinary .. .. .. 2 347 Deposits- Maketu: Fencing .. .. " 484 Otaramarae rents ...... 63 ' 9 s .> Opotiki rents .. . . .. .. 64 Amounts expended (recoverable) — Whaiti Kuranui rents .. .. .. 3 Sundry villages .. .. .. .. 2,192 — 130 Sundry tribes .. .. . 1151 Miscellaneous- Sundry Natives .. .. 49 Rent accrued due ...... 27 '' „ Audit 1 ees Reserve .. .. .. 30 Equipment, plant, &c.— Suspense (unallocated creditors) .. .. 32 Office furniture, less depreciation .. 166 Sundries .. .. . . . . 37 Tools _ _ .... .. . . 9 , D i — 126 Carvings .. .. .. .. 17 Loans Repayment Reserve .. .. .. .. 9,706 Timber on hand .. . 100 Maketu Farm: Profits received National Service '' ono Department .. .. .. .. .. 1,000 CashIncome and expenditure 14,245 Bank of New Zealand, Rotorua .. .. 108 Reserve Bank, Wellington.. .. .. 500 608 £47,587 £47,587 , Raniera Kingt, Secretary. The Audit Office, having examined the Balance-sheet and accompanying accounts required by law to be audited hereby certifies them to be correct, subject to the following exception : A loan to a member of the Board has not been secured by mortgage of Native freehold land as required by section 52 (1), Native Purposes Act 1931 J P Rutherford, Deputy Controller and Auditor-General.

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B.—l [PT. IV]

DEPARTMENT OP EXTERNAL AFFAIRS M.V. " MAUI POM ARE " Revenue Account i?or the Year ended 31st March, 1942 Dr. £ Gr - f Salaries and wages .. .. .. •• •• 5,426 Freights, passage-money and miscellaneous receipts .. 339 Overtime .. .. .. •• •• 23 Balance carried down .. .. .. .. .1.8,826 Labour at island ports .. .. .. • • 265 Victualling .. .. •• •• 112 Cabin stores .. .. .. ■ • • • 340 Deck stores .. .. . • • ■ • • 127 Engine-room stores .. .. .. • • 1, 026 Fuel oil .. .. . • • • • • 464 Lubricating-oil .. .. .. • • • ■ 109 Painting .. .. . • • • • • • • 205 Repairs .. .. • • • • • • • • 6,774 Docking .. .. . . ■ • • • ■ ■ 252 Laundry .. .. .. . • • • •• 14 Medical expenses . . .. . • • ■ • ■ 46 Rent .. . . • • ■ • ■ ■ ■ • 6 Stevedoring and tallying .. .. . . • ■ 40 Harbour Board charges .. .. • • • • 240 Agency commission.. .. . • • ■ • ■ 2 Water .. . . . • • • ■ • • • H Printing and stationery .. . • • • ■ ■ 1 Transhipping charges .. . • • ■ • • 59 Audit fees .. .. • • • • • • 20 Overhead charges .. .. . ■ ■ • • • 463 Miscellaneous .. .. • • • ■ • • ' 06 Claims, refunds, fares, &c. .. .. .. ■ • 13 Depreciation .. .. •• 3,021 £19,165 £19,165 £ £ Balanco brought down .. ... .. 18,826 Excess of expenditure over income .. .. .. 20,874 Interest on capital .. .. • • • • 2, 048 £20,874 £20,874 W. Tailby, Assistant Secretary. Paul B. Nielson, Accountant, Department of External Affairs. I hereby certify that the Revenue Account has been duly examined and compared with the books and documents submitted for audit, and correctly states 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.

HAURAKI PLAINS SETTLEMENT ACCOUNT Revenue Account for the Year ended 31st March, 1942 Dr. £ C r - £ Interest on capital .. .. ■■ •• ..6,523 Accrued rents . . '' '' '' t' Sit Administration expenses, rebates, and remissions .. 907 Accrued interest on sales oi land, &c. .. .. .. 1^,574 Premiums on conversion . . . . .. • • 29 Loss lor year carried down . . . . .. .. 764 Kaihere Ferry (net cost of operating) .. .. .. 236 Writings off .. . • • ■ • • • • 228 £7,923 £7,923 £ £ Net loss brought down .. .. .. •• 764 Balance carried forward .. .. .. .. 379,339 Balance from previous year.. .. .. •• 378,575 £379,339 £379,339 Rate Account for the Year ended 31st March, 1942 j) r £ Or, £ Maintenance of completed works .. .. ..3,777 Balance at Ist April, 1941 .. .. .. .. 445 Remissions •• •• 38 Rat(js leyied for 1941 _ 42 2>550 Penalty on 1940-41 rates .. .. .. 27 Penalty on 1941-42 rates . . .. .. 39 2,616 Balance .. .. .. ■ • • • •. 754 £3,815 £3,815

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B.—l [PT. IV]

HAURAKI PLAINS SETTLEMENT ACCOUNT—continued Treasury Adjustment Account for the Year ended 31st March, 1942 Dr. £ s. d. Cr £ Transfer to Rangitaiki Drainage Account .. 13 12 9 Balance at ist April, 1941 .. .. T7fi fifiß * i Adjusting lublic Works Fund capital (transfer from Vote " Lands and Survey£ s . d. ' »ma < arms Account) • •• .. 1,490 0 0 Maintenance of completed works 3,442 2 9 Receipts credited to Consolidated Fund— Construction and carrying on rr ■ • , £ s. d. works .. .. J6 045 1] 7 Territorial Revenue (net) .. 6,162 4 I Kaihere Perry .. .. '278 8 4 Miscellaneous receipts (net).. 430 0 2 Administration expenses .. 308 2 9 Rates (net) .. .. 3,210 111 * 20 074 - . Credits-in-aid .. .. 7,236 5 0 Transfer from vote" Lands and Survey Account" '3318 2 17,038 11 2 Transfer from Swamp Land Drainage Account .. 25 19 3 Balance at 31st March, 1942 .. 386,162 18 8 Transfer from Small Parms Account .. .. 1,490 0 0 Interest on Public Works Fund capital.. .. 14 5 £404,705 2 £404,705 2 7 Receipts and Payments Account for the Year ended ,31st March, 1942 Public Con- r Piihlir fnn Funf Xt d Receive 4? / u , Eund - Fund, a 1 j I, -receipts i i Payments £ £ "i g + + '" •' •• 4,346 .. Drainage works: Stop-banks, clearing channels, eof surplus and obsolete stores .. .. 1 .. and other expenditure incidental to conducting ' !3~ drainage operations (including formation and Interest on advances .. .. .... 1 metalling of roads), materials supplied, &c. .. 16 046 Repayment of advances 2 .. Maintenance of completed works 3440 Recovery on account of expenditure of previous Refund of rent .. .. qr •• •• ..3,149 .. Refund of rates ~ .. .. 14 cnts ( erritorial Revenue) .. .. .. .. 4,014 Kaihere Ferry expenses .. 278 Interest on sales of land and buildings .. .. 2,183 Transfer of receipts to Treasury Adjustment " S ates „ 3,224 Account.. .. .. .. . 17 087 iscellaneous .. ~ ~ 429 Transfer of receipts to Public Works Fund .7 498 Credits-m-reduction of expenditure .. .... 7,236 ' " Transfer of expenditure to Treasury Adjustment Account.. .. .. .. 19,815 £7 ' 498 £36 ' 902 £7,498 £36,902 Balance-sheet as at 31st March, 1942 Liabilities Assets Capital Account— £ £ £ Improved lands handed over to Land Board for Public Works Fund .. ..824,659 settlement— £ f Less redemptions .. .. 665,000 Leased 91 749 , J " 159,659 Unleased " " 910 ' 45 ' 000 Un P aid P urc ' laso -money for land sold on Transferred from Discharged Soldiers Settle- deferred payment 44 463 ment, Account .. .. .. 405 l J 137 117 u ■ , , r , , „ — 205,064 Unimproved value .. .. '14'7^ Employment Promotion Fund: Capital .. .. 10,084 Improvements on adjoining Crown lands " 7710 Consolidated Fund: Capital 0,112 Works in progress: Expenditure on land in " ' Iw'rV™ 1 S I'' " " " ■' 136 course of reclamation, including formation, Rent charged m advance 1,016 metalling of roads .. 690 659 Payments in advance 716 Less amount written off .. .. '■665 000 Writings oft m Suspense .. .. .. ..280 ' u rt Treasury Adjustment Account 386,163 Capital expenditure— ' Employment Promotion Fund .. ~ .. 10,084 Consolidated Fund .. .. 6112 Artesian wells— Crown tenants .. \. .. ~ 9 Crown lands .. .. .. .. _, 217 Buildings . . 1 7«n Wharves .. .. " 5 Machinery, plant, and tools.. .. .. ... ]2 258 Stores .. .. .. _ 5'264 Sundry debtors .. .. .. 7 469 Cash in transit .. .. .. .. ' jgg Rate Account .. .. ~ ~ 7,54 Losses in Suspense .. .. .. _ _ 280 Interest accrued but not due .. .. .. 592 Revenue Account .. ~ .. .. 379 33!) £(ioi) ' 571 M R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, 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 AudEGenLf CommenoCment of Parliamentary return 8.-l [Pt. G. Collins, Controller and

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B.—l [PT. IV]

LAND FOR SETTLEMENTS ACCOUNT Revenue Account for the Year ended 31st Mabch, 1942 Dr. Cr. Expenses of a general nature— f Revenue of a general nature : Interest on investments— £ Interest on capital— In Public Debt Redemption Fund .. .. 64,724 Loans .. .. .. .. .. 400,169 In Public Account .. .. .. .. 24,260 Capital, proceeds sale of Crown lands " .. . . 111, 425 Revenue derived from estates—Value of Crown land in estates .. .. .. 8,478 Rents .. .. .. .. .. 378,253 Accumulated funds of Cheviot Estate .. .. 11,062 Interest on sales— Sundry expenses re loans capital— Land .. .. .. .. .. 26,203 Management of securities, &c. .. .. .. 3,043 Buildings .. .. .. .. .. 4,051 Proportion of premium on loan conversions .. 10,363 Royalties .. .. .. .. .. 185 Interest payable under section 208, Land Act, 1924 .. 462 Miscellaneous interest, &c. .. .. .. 89 Audit fee .. .. .. .. .. 250 Land-development revenue— Expenses referring to estates— .. .. Rents .. .. .. .. .. 5,566 Capital losses on revaluation, reallotment, &c. .. 167,060 Interest on sales, &c. .. .. .. .. 1,073 Administration charges : Salaries, &c. .. .. 1,046 Interest on advances .. .. .. .. 10,941 Administration expenses .. .. .. .. 9,566 Profits from blocks developed .. .. .. 48 Rebates .. .. .. .. .. 32,381 Interest earned on sundry blocks farmed by .Department 32,625 Remissions of rent, &c. .. .. .. .. 16,745 Miscellaneous .. .. .. .. .. 67 Rents, &c., written off .. .. .. .. 3,811 Revenue derived under the Deteriorated Land Act, 1925 : Protection of securities: Repairs, &c. .. .. 1,257 Interest on advances .. .. .. .. 236 Expenses chargeable to land-development revenue— Balance: Loss for year carried down .. .. 233,217 Administration expenses .. .. .. .. 446 Rebates .. .. .. .. .. 936 Remissions of rent, &c. .. .. . . .. 126 Rents, &c., written off .. .. .. .. 628 Compensation for injuries to workmen .. .. 399 Miscellaneous .. .. .. .. .. 57 Expenses chargeable on revenue derived under the Deteriorated Land Act, 1925— Administration expenses .. .. .. 5 Rebates .. .. .. .. . . 13 Remission of interest .. .. .. .. 10 £781,538 £781,538 ~~1 £ Balance — Balance carried forward : Loss to 31st March, 1942 .. 671,311 Brought forward .. .. .. .. 438,094 Brought down .. .. .. .. 233,217 £671,311 £671,311 Balance-sheet as at 31st March, 1942 Liabilities Assets General General Capital — £ £ Cash— £ £ Loans — ' In separate account .. .. 135,121 3 per cent. .. .. .. 215,029 In investments .. .. .. 2,136,365 3J per cent. .. .. .. 291,370 In deposits, miscellaneous.. .. 3 3£ per cent. .. .. .. 6,179,282 2,271,489 3| per cent. .. .. .. 70,000 Investment in Public Debt Redemption 4 per cent. .. .. .. 4,124,924 Fund .. .. .. .. .. 1,667,825 4| per cent. .. .. .. 22,740 Consolidated Fund: For interest on— 5 per cent. .. .. .. 110,000 Investments in Public Account .. 3,181 Funded debt, £4195. 5-88 d. per cent. 33,446 Proportion of loan capital .. 191,069 Unconverted, 4 per cent. .. 200 194,250 Unrecouped expenditure, Hutt Valley 11,046,991 Land Settlement Account .. .. 13 Crown land inchided in estates .. 211,940 Premium on loan conversion : Balance Cheviot Estate Account (see subsidiary not yet written off .. .. .. 18,163 accounts attached) .. .. 303,065 Losses in Suspense.. .. . . .. 5,640 Sales of Crown land, &c. (inclusive of Revenue Account: Loss to 31st March, assets and liabilities shown under 1942 .. .. .. .. .. 671,311 " Sales, section 20, Land Act, 1924 ") 3,591,715 Capital transferred from Discharged Soldiers Settlement Account . . 4,789 Estates — Land— 15,158,500 Leased ... .. .. .. 9,027,730 Less amount expended in opening Unleased .. .. .. 79,789 up Crown lands .. .. 194,235 9,107,519 14,964,265 Provisional State forest .. .. .. 3,158 Deposits by lessees (section 208, Land Buildings and improvements (unsold) .. 11,335 Act, 1924) .. .. .. .. 22,508 Advances on mortgage (section 35, Consolidated Fund: For interest due on— Finance Act, 1940) .. .. .. 172 Loans .. .. .. .. 539,087 Sales debtors — Capital proceeds sale of Crown lands 549,627 Buildings, &c. .. .. .. 83,7.09 1,088,714 Land .. .. .. 500,621 Interest on loans accrued but not due .. 93,757 584,330 Reserve for transfer from Discharged Plant and machinery .. .. 3,835 Soldiers Settlement Account .. .. 8,191 Less depreciation .. .. 3,451 Writings off in Suspense .. .. .. 5,640 384 Carried forward ~ ~ .. £16,183,075 Carried forward ~ ~ £14,535,589

8

B.—l [PT. IV]

LAND FOR SETTLEMENTS ACCOUNT—continued Balance-sheet as at 31st March, 1942—continued Liabilities—continued £ Assets—continued £ Brought forward .. .. .. 10,183,075 Brought forward .. .. 14,535,589 Gen ual —continued Estates —continued Hutt Valley Land Settlement Account Loading on Otago University Endow(see subsidiary accounts attached).. .. 8,819 ment leases— £ Capital .. .. .. .. 1,378 Estates Interest .. .. .. 56 Rents and interest charged in advance .. 95,782 1,434 Payments in advance: Rents and Debtors for— instalments .. .. .. .. 7,474 Rent, instalments, Royalties, &c. .. 92,913 Sundry suspense accounts .. . . .. 533 Postponed charges .. .. 18,450 Sundry creditors: Departmental and Departmental and miscellaneous .. 683 miscellaneous .. .. .. .. 2,901 112,046 Interest accrued but not due .. .. 6,798 Land-development . - nd set aside (section 8, Land Laws Land— Land-development Amendment Act, 1929) — £ Leased .. .. .. .. 116,908 Areas under development— Unleased' .. .. .. 11,085 Crown lands .. .. .. 31,705 127,993 Primary education endowments .. 950 Sales debtors— Settled areas— Buildings .. .. .. 1,058 Crown lands .. .. .. 43,725 Land .. .. .. .. 16,783 Primary education endowment .. 178 17,841 76,558 Water-supply: Headworks . . .. .. 3,054 Rents and interest charged in advance .. 1,339 Mortgage outstandings (not yet payPayments in advance : Rents and instal- able) —• ments .. .. .. .. .. 3,563 Curront account.. .. .. 116,511 Free capital from— Instalment mortgage .. .. 106,424 Employment Promotion Fund . . 23,250 222,935 Consolidated Fund .. .. 22,143 Crown and settlement land under 45,393 development .. .. .. .. 278,098 Accrued interest on capital expenditure .. 82,139 Expenditure on development of Crown Suspense Account .. .. .. .. 154 and settlement lands .. .. .. 388,231 Reserve in respect of deposits held by Sundry debtors for— dairy companies .. .. .. 135 Rent, instalments, water levies, &c. 7,443 Sundry creditors: Departmental and Postponed charges .. .. 298 miscellaneous .. .. .. .. 2,353 Departmental and miscellaneous .. 609 8,350 Land Act, 1924, Section 20 Realization Account .. .. .. 4,243 Principal instalments paid in advance: Deposits held by dairy companies .. .. 658 Sales of Crown land .. .. .. 753 Unrecouped interest on development expenditure .. .. .. .. 82,139 Deteriorated Land Act, 1925 Interest accrued but not due .. .. 1,469 Payments in advance: Interest, &c. .. .. 6 Suspense Account .: .. .. .. 128 Land Act, 1924, Section 20 Principal outstanding on deferredpayment sales —Crown landNot yet payable — Sales of land . . .. .. 644,369 Sales of buildings .. .. 46,717 Principal instalments : Sales of land and buildings .. .. .. 8,275 Postponed principal instalments .. 82 Otamakapua Block : Remaining value of lease .. .. .. 559 Orakei Block : Sales of land— £ Not yet payable .. .. 15,073 Principal instalments .. 155 15,228 Departmental .. .. .. 165 715,395 Deteriorated Land Act, 1925 Mortgage outstandings— Current Account .. .. 1,024 Instalment mortgages .. .. 3,566 4,590 Debtors for — Interest and principal instalments 138 Postponed charges .. .. .. 20 158 Realization Account .. .. .. 62 Interest accrued but not due .. .. 22 £16,511,105 £16,511,105 R. G. Macmoeean, 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of Parliamentary Return B. 1 [Pt. IVj and to the following comment: The Cheviot estate accounts do not include a credit for interest on assets comprising cash and certain securities held by the estate at Ist April, 1930, nor a debit in respect of interest thereon paid to the Consolidated Fund in terms of Section 19 of the Finance Act (No. 2), 1930. These entries have been passed through the Land for Settlements Account (General) only.—Cyeil G. Collins, Controller and Auditor-General.

2 —B. 1 ITT. IVI

9

B—l [PT. IV]

LAND FOR SETTLEMENTS ACCOUNT—continued CHEVIOT ESTATE ACCOUNT (Subsidiary to Land for Settlements Account) Revenue Account for the Year ended 31st March, 1942 Dr. £ Cr. £ Interest on loan capital .. .. .. .. 5,632 Rents, &c. .. .. .. .. .. 15,366 Interest on accumulated funds held .. .. .. 6,610 Interest on sales: Land and buildings .. .. 1,320 Administration expenses .. .. . . .. 784 Interest on investment in Public Debt Redemption Fund 178 Rebates .. .. .. . . .. . . 1,455 Remissions of rent and interest . . .. .. 39 Balance (profit for year) carried down .. .. 2,344 £16,864 £16,864 £ £ Transfer to Reserve Account .. .. .. 2,344 Balance brought down .. .. .. .. 2,344 Balance-sheet as at 31st March, 1942 Liabilities Assets Capital— £ £ Land— £ £ Loans: 3J per cent. .. .. .. 160,918 Leased.. .. .. .. .. 316,869 Accumulated funds .. .. .. 464,316 Unlcased .. .. .. .. 325 317,194 625,234 Sales debtors (not yet payable)— Less cash paid to Land for Settlements Land .. .. .. .. 23,134 Account .. .. .. .. 303,065 Buildings . . .. .. . . 174 322,169 23,308 Reserve Account .. .. .. .. 18,647 Sundry debtors— Interest on loans accrued but not due .. .. 1,373 Principal instalments : Sale of land .. .. 4 Rents, &c., accrued but not duo .. .. .. 4,894 Interest on sales of land .. .. .. .. 6 Rents paid in advance .. .. .. .. 15 Rent .. .. .. .. .. .. 1,583 Postponed rent .. .. .. .. .. 60 Interest accrued but not due .. .. .. 312 Investments in Public Debt Redemption Fund .. 4,631 £347,098 £347,098 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. HUTT VALLEY LAND SETTLEMENT ACCOUNT (Subsidiary to Land for Settlements Account) Profit and Loss Account for the Year ended 31st March, 1942 Dr. £ Cr. £ Administration expenses .. .. .. .. 492 Gross profit on sales of land .. .. .. 740 Interest, &c., written off .. .. .. .. 121 Interest on sales, &c. .. .. .. .. 4,631 Rebates .. .. .. .. .. .. 25 Miscellaneous expenditure .. .. .. .. 13 Balance (profit for year) transferred to Profit and Loss Appropriation Account .. .. .. .. 4,720 £5.371 £5,371 Profit and Loss Appropriation Account for the Year ended 31st March, 1942 Dr. £ Cr. £ Balance carried forward: Profit earned to 31st March, Balance brought forward .. .. .. 188,578 1942 .. .. .. .. .. .. 193,298 Profit for year transferred .. .. .. 4,720 £193,298 £193,298 Balance-sheet as at 31st March, 1942 Liabilities Assets £ Moneys provided by Land for Settlements £ £ Land on hand .. .. .. .. .. 31,800 Account for'— Sales debtors (not yet payable) .. .. .. 90,265 Purchase of land .. .. ..164,982 Sundry debtors—.. .. £ Street-formation .. .. .. 206,888 Instalment principal .. .. .. 2,901 Incidental expenses .. .. .. 21,855 Instalment interest .. .. .. 2^767 393,725 Rents .. .. .. .. '71 Interest on capital provided .. .. .. 81,666 g 739 Interest accrued but not due .. .. .. 390 475,391 Profits transferred to Railways Department— Less deductions under section II (2) of Finance Act, Profits realized in cash and paid to Railways 1932 .. .. .. .. 475,378 Department .. .. .. 29,981 Balance unpaid on area taken for workshops 26,389 Due to Land for Settlements Account .. .. 13 5y 37Q Instalments paid in advance .. .. .. 70 Losses in Suspense .. ... .. .. '1,5 Rent accrued but not due .. .. .. .. 2 Land for Settlements Account: Funds on hand Writing-ofl in Suspense .. .. .. .. 15 available for disposal under section 11 of Profit and Loss Appropriation Account .. .. 193,298 Finance Act, 1932 .. .. .. .. 8 819 £193,398 £193,398 R. Gr. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant.

10

B.—l [PT. TV]

MAORI PURPOSES FUND BOARD Receipts and Payments Account for the Year ended 31st March, 1942 Receipts £ £ Payments £ £ Balance, Ist April, 1941 : Native Trust Office .. 44,326 Administration oxpenses— Less Waiariki Board imprest overdrawn .. 30 Audit fee .. .. ~ ~ 21 44,296 Commission ... .. .. .. 60 Interest: Native Trust Office, 3 per cent. .. .. 1,297 Freight .. .. .. .. 2 Grants from Consolidated Fund— Insurance .. .. .. .. 25 Administration expenses and equipment . . 375 Rent, rates, and repairs .. .. . . 131 Towards publication book " Native Custom " 50 Salaries .. .. .. .. 38 — 425 Travelling-expenses .. .. .. 11 Grants from Maori Land Boards for specific purposes 288 (contra) .. .. .. .... 643 GrantsRent from cottages and workshop, Rotorua .. .. 37 Education scholarships and assistance .. 750 Employment-promotion subsidy on repair wages . . 17 Interest on unpaid school grants .. .. 322 Sales of — Publishing: Polynesian Society, Inc. .. 300 Board's publications .. .. .. 59 Medical and dental . . .. ~ 90 Pingao stocks .. .. .. .. 9 Meeting-houses and marae .. .. 407 Assets not required .. .. 27 Miscellaneous .. .. .. .. 261 — 95 2,130 Balance, 31st March, 1942 : Native Trust Office 44,388 Plus Imprest Account with VVaiariki Board.. 4 44,392 £46,810 £46,810 Income and Expenditure Account for the Year ended 31st March, 1942 Expenditure £ £ Income £ £ Administration expenses— Interest, 3 per cent. Native Trust Office .. .. 1,297 Audit fee .. .. .. . . 21 GrantsCommission .. .. .. . . 60 Consolidated Fund .. .. .. 375 Depreciation .. .. .. .. 43 Maori Land Boards for specific purposes (contra) 643 Insurance .. .. .. .. 12 X oiB Rent, rates, and repairs . . .. .. 94 Sale of publications (net) .. .. .. * 4 Salary .. .. .. .. 35 Profit on sale assets .. .. .. .. 11 Travelling-expenses .. .. .. 11 — 276 Grants— Educational— Government Free Place Scholarships .. 500 Special educational assistance .. .. 250 Publishing : Polynesian Socioty, Inc. .. 300 Health camp and dental clinic .. .. 90 Meeting-houses and marae.. .. .. 407 Miscellaneous .. .. .. .. 261 1,808 Balance : Excess of income over expenditure, transferred to Accumulated Fund .. .. .. .. 246 £2,330 £2,330 Balance-sheet as at 31st March, 1942 Liabilities £ £ Assets £ £ Special funds— Cash with Native Trust Office .. .. 44,388 Carnegie Corporation grant for Maori arts and Add Imprest Account, Waiariki Board .. 4 crafts .. .. .. .. 342 44,392 Katikati Carved Meeting-house .. . . 38 Debtors, including payments in advance .. .. 41 Ngati-Kahungunu Trust .. .. .. 10 Publications for sale .. .. .. .. 2 310 Publication " Native Custom" .. .. 50 Pingao for sale .. .. .. .. 23 Ruatoki Carved Meeting-house .. . . 41 Library .. .. .. .. .. 287 " Western Samoa" translation grant . . 165 Furniture, fittings, &c. .. .. ~ 95 646 405 Accumulated Fund as at Ist April, 1941 . . 46,992 Maori Arts and Crafts School, Rotorua— Plus— Cottages and workshop .. .. ~ 620 Excess income ovor expenditure .. 246 Fittings, &c. .. .. .. .. 118 Books and records donated .. .. 2 733 47,240 £47,886 £47,886 0. N. Campbell, Deputy Chairman (Native Trustee). Colin W. Morrison, Secretary to Board. I hereby certify that the Receipts and Payments Account, 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.

11

B—l [PT. IV]

NATIONAL BROADCASTING SERVICE Revenue Account for the Year ended 31st March, .1942 Expenditure, £ Income £ Expenditure on programmes, including salaries of pro- License fees .. .. .. .. .. 420,201 gramme staff .. .. .. •• •• 111,688 Receipts from New Zealand Listener .. .. .. 28,248 Maintenance of plant, including salaries of engineering and Interest .. .. .. .. .. .. 11,257 operating staffs .. .. .. ... ■. 43, 368 Rents .. .. .. .. .. .. 983 General administrative and running expenses, including salaries of administrative and clerical staffs .. 32,817 Expenditure on New Zealand Listener .. .. 30,956 Subsidies to " B " stations .. .. .. .. 210 Payments to stations operated under contract .. 1,025 Broadcasting unit with New Zealand Expeditionary Force overseas .. .. .. .. 4,110 Contribution to Public Service Superannuation Eund .. 647 Contribution to Radio Research Committee .. . . 521 Depreciation of assets .. .. .. 35,788 Balance, transferred to Accumulated Eund .. .. 199,559 £460,689 £460,689 Balance-sheet as at 31st March, 1942 Liabilities Assets £ Accumulated Fund— £ £ Land and buildings .. .. .. .. 169,997 Balance as at Ist April, 1941 .. .. 880,708 Machinery and plant .. .. .. .. 24,508 Transfer from Revenue Account .. 199,559 Office and studio equipment .. .. .. 20,376 1,080,267 Newsprint stocks .. .. .. .. 3,566 Sundry creditors, including license fees in hands of "B" station purchases .. .. .. .. 1,000 Post and Telegraph Department .. .. 120,925 Works in progress .. .. .. .. 6,206 Sundry debtors and prepayments .. .. 113,643 £ Temporary investment .. .. 800,000 Accrued interest thereon .. .. 3,633 • 803,633 Cash — Broadcasting Account .. .. 57,819 Broadcasting Imprest Account .. .. 444 58,263 £1,201,192 £1,201,192 The Revenue Account includes fees actually received in the Broadcasting Account to 31st March, 1942, and covers that portion which is payment in advance. 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, subject to the departmental note enfaced thereon.— Cyril G. Collins, Controller and Auditor-General.

12

B.—l [PT. IV]

NATIONAL COMMERCIAL BROADCASTING SERVICE Income and Expenditure Account fob the Year ended 31st March, 1942 Expenditure £ £ Income £ Expenditure on programmes, including payment Sales of station time .. .. .. 224,515 to artists, hire of special recordings, relay Accreditation fees .. .. .. . . 20 lines, and sundry miscellaneous items .. 23,407 Service fees .. . . 2 073 Less sundry programme charges borne by Interest on investments . . . . . . . . 50 advertisers .. .. .. .. 12,732 Miscellaneous receipts .. .. .. .. 9 . . 10,735 Bad Debts Reserve .. .. .. .. 244 Broadcasting rights and copyright .. .. .. 5,933 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; and sundry miscellaneous items .. .. .. 133,135 Interest .. .. .. .. ~ .. 520 Depreciation provision and writing down of assets .. 13,605 Balance carried down : Net profit for year .. .. 62,983 £226,911 £226,911 £ £ Short provision for taxation, 1941 .. .. 5 Balance brought forward from previous year .. 14 509 Reserve for taxation, 1942 .. .. .. .. 52,000 Balance brought down .. .. .. " 62*983 Balance .. .. .. .. .. .. 25,487 ■ £77,492 Balance-sheet as at 31st March, 1942 Liabilities Assets Creditors £ £ £ Sundry .. .. .. .. .. 2,034 Land and buildings .. .. .. .. 4,491 Departmental .. .. .. .. 4,495 Transmitting and technical equipment .. .. 18^397 Commission .. .. .. .. 2,117 Office and studio equipment, including furniture, type8,646 writers, office mechanical appliances, and library .. 24,620 Revenue received in advance .. .. .. 652 Records and music .. .. .. .. 3,733 Deposit Account .. .. .. .. .. 137 Highcliff relay installation .. .. .. 100 Reserve for taxation .. .. .. .. 52,000 Work in progress .. .. .. .. 1,132 Writing off reserve .. .. .. 667 Payments in advance .. .. .. .. '138 Income and Expenditure Account .. .. .. 25,487 Unplayed episodes of features .. .. .. 3,308 Stocks of spares, transmitting and technical equipment 9,412 Debtors— £ £ Sundry .. .. .. 19,922 Departmental .. .. .. 915 20,837 Less reserve for bad debts .. .. 1,450 19,387 Cash in bank .. .. .. .. .. 2,067 Cash on deposit .. .. .. .. ~ 137 Writings off suspense .. . . ~ .. 667 £87,589 £87,589 E. L. Hutohens, A.R.A.N.Z., Acting-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. —Cyril G. Collins, Controller and Auditor-General.

13

B.—l [PT. IV]

NATIVE DEPARTMENT DISTRICT MAORI LAND BOARDS Combined and Separate Receipts and Payments Statements for the Year ended 31st March, 1942

Interest Account for the Year ended 31st March, 1942

14

Totals. Tokerau. Ma'niapoto Walariki. Tairawhiti. Aotea. Ikaroa. South Island. Receipts Cash balances at 1st April, 1941 — £££££££££ In hand and in bank .. .. .. 20,586 2,500 4,488 3,605 3,035 1,139 4,223 1,596 Imprests at Post Office .. .. .. .. •• •• 2,475 248 365 235 129 574 839 85 23,061 2,748 4,853 3,840 3,164 1,713 5,062 1,681 Total receipts .. .. .. .. .. •• •• •• 366,931 27,902 29,758 43,720 93,069 80,647 78,909 _ 12,926 Withdrawals from amounts on deposit with Native Trustee .. ■ ■ .. 53,010 .. 5,000 10,000 2,000 34,510 .. 1,500 Special Housing Fund — Receipts from Native Trustee .. .. .. • • • • ■ • 3,500 . . 3,500 Receipts from Natives .. .. .. .. -• •• 15,316 6,178 3,050 1,106 2,162 892 1,223 705 Totals .. .. .. .. •• 461,818 36,828 46,161 58,666 100,395 117,762 85,194 16,812 Payments £££££££££ Total payments .. .. .. .. •• •• •• 350,887 28,479 30,057 36,177 87,688 93,155 66,540 8,791 Deposits with Native Trustee .. .. .. .. •• .. 41,680 5 4,140 7,328 455 19,126 7,611 3,015 Special Housing Fund: Advances, &c. .. .. .. .. .. 20,659 6,106 6,049 .. 4,753 1,492 649 1,610 Cash balances at 31st March, 1942 — In hand and ill bank .. .. .. .. •• •• 45,702 1,956 5,235 15,039 7,353 3,215 9,743 3,161 Imprests at Post Office .. .. .. .. .. •• 2,890 282 680 122 146 * 774 651 235 48,592 Totals .. .. .. .. •• ■■ 461,818 36,828 46,161 58,666 100,395 117,762 85,194 16,812

VV aj VofA Totals. Tokerau. Maniapoto. Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Dr. ££££££££ Interest on amounts held and invested under Native Land Act, 1931, 982 .. 407 . . 23 314 207 31 section 281, and other amounts specially invested Interest on amounts on deposit with Native Trustee .. .. 5,674 5 1,140 1,328 455 1,625 606 515 Interest on other investments .. .. .. .. •• 11,456 751 708 735 4,662 2,503 1,687 410 Interest on overdrafts .. .. .. •• •• 1,194 12 200 .. .. 747 235 Totals .. .. .. .. .. .. 19,306 768 2,455 2,063 5,140 5,189 2,735 956 Cr. £ £ £ £ £ £ £ £ Interest allocated in full on amounts held under Native Land Act, 1931, 982 .. 407 .. 23 314 207 31 section 281, and other amounts specially invested (as per contra) Other interest allocated to sundry blocks, &c. .. .. .. 4,657 108 304 440 597 1,816 1,044 348 Balance, transferred to Income and Expenditure Account .. .. 13,667 660 1,744 1,623 4,520 3,059 1,484 577 Totals .. .. .. .. .. .. 19,306 768 2,455 2,063 5,140 5,189 2,735 956

B.—l [Pt. IV]

NATIVE DEPARTMENT— continued DISTRICT MAORI LAND BOARDS— continued Income and Expenditure Account for the Year ended 31st March, 1942

Appropriation Accounts

15

Totals. Tnkpraii Waikato- „ . ,,, j ' Maniapoto. | Waianki. Tairawhiti. Aotea. Ikaroa. South Island . Income. e n „ Net interest on investments .. ,» a on £ £ £ £ £ „ Board commission .. .. ' " " " Mo? 1,744 1> 623 4,520 3,059 1 484 5-7 Sundry credits (registration and lease fees, &c.) ' " " , fi, 502 785 1,914 1,116 '850 246 T^ ol „ _ 135 647 244 39 lie 17 " 20 ' 663 1,045 2 ' 381 3 ' 055 (M578 4~214 Expenditure Expenses of management — Contribution towards expenses of Native Department . q 105 , L n . £ £ £ £ £ Audit fees .. .. .. F " 9 >i™ 1,000 1,912 1,126 1,811 1 776 1 022 Miscellaneous office and other expenses ., o r'in 73 58 92 144 ' 72 Depreciation on buildings, furniture, &c. " " " o'jj™ _ 3 286 475 543 819 123 *1 Balance, being surplus for year, transferred to Appropriation Account :: 5,870 Cr 315 Or . *5® 465 106 53 Totals.. .. 1 — — — — 1,010 1,128 163 -°' 663 _ 1,045 2,381 3,055 6,678 4,214 2,450 840

Totals. Tokeran Waikato- w , .. . _ . , . ~ ~ I Maniapoto. Walariki. Tairawhiti. Aotea. Ikaroa. South Island. Dr. r— Sundry adjustments, previous years . f qs f £ £ £ £ £ £ S ».aJ „J 3.51 ,„?2 , « ,2 Totals — " - - ' lt>3 " 6,268 Dr. 181 Jr. 234 350 3,894 1,077 Cr. ~ ' = Appropriation during year — ■ £ £ £ £ Native purposes .... - m £ £ £ £ Purchase of land, buildings, furniture, &c. " " " , S 10 ® 25 25 221 50 16 Sundry adjustments, previous years " " 'J,, ° 289 253 487 113 43 9, Balance, transferred to/from Assurance and Reserve Account :: " 3 619 Cr idl n J? 17 147 500 .. ■' ' ° r - 541 Cr ' 571 55 3,039 414 1,116 707 lotals ... _ 6,268 Cr - 181 Cr - 234 350 3,894 1,077 1,175 187

B.—l [PT. IV]

NATIVE DEPARTMENT— continued DISTRICT MAORI LAND BOARDS— continued Combined and Separate Balance-sheets as at 31st March, 1942 Liabilities

16

Totals. Tokerau. J Waiariki. Tairawhiti. Aotea. j Ikaroa. j South Island. Liabilities to Native beneficiaries — £ £ £ £ £ Amounts held under section 281, Native Land Act, 1931, and other trusts — 4 732 .. 850 Specially invested (section 101 (2), 1931) •• •• •' lo'l83 .. 597 28,045 19,311 697 Invested in Common Fund .. •• ■■ •• •• ' Other amounts held— _ 3 05g 29,324 6,875 5,090 32 Specially invested (section 101 (2), 1931).. • • A'oU 39'009 56'o93 85,451 72,288 61,657 25,969 Otherwise invested .. .. •• •• •- oi0,0*1 485,783 35,651 74,066 85,451 102,209 96,577 65,131 26,698 Sundry amounts held on deposit and in suspense— 3 02g 25 642 g^842 . 5j6 (;| 133 Native Trustee (including Special Housing Fund) .. •• T 8 i< 7 5'527 '754 7,962 3,105 212 133 454 0ther ■■ " • • •• " " c'47.7 '268 .. l'201 1,939 2,294 670 100 "Sundry creditors . .. • • •• •• •• ** ' Liability to Treasury for advances under — 617 .. Native Land Act, 1931, section 340 .. •• •• •• " " " 1 800 .. Native Land Amendment Act, 1936, section 48 .. •• •• l,buO Liability of special trusts under — oo 071 q« 700 Native Land Act, 1931, section 358 .. •• •• •• " " 90 537 ' Native Land Act, 1931, section 105 .. ■■ •• -- 90,d3j ' li 271,183 7,724 2,779 107,425 36,357 109,747 6,464 687 Reserves— 100 14,987 9,443 10,383 16,588 1,372 650' Special Property Reserves •• 2 g6g 3Q 908 10 874 g 373 297 184 Other special reserves (includmg depreciation) .. ■■ •• ou,ooi ' ' / 104,184 260 17,852 40,351 21,257 21,961 1,669 834 . , 113,544 .. 10,127 16,326 35,629 43,574 5,947 1,941 Assurance and Reserve Account .. .. • • • • • ■ • • | m . , 974,694 43,635 104,824 249,553 195,452 271,859 79,211 30,160 Totals .. .. •• •• •• •• ■' '. I

NATIVE DEPARTMENT— continued DISTRICT MAORI LAND BOARDS— continued Combined and Separate Balance-sheets as at 31st March, 1942— continued Assets

B.—l [Ft. IV]

0. N. Campbell, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. 1 hereby certify that the Statement of Receipts and Payments, Income and Expenditure Account, Appropriation Account, and Balance-sheet have been compared with the accounts and balance-sheets of the respective Maori Land Boards and correctly state the position as disclosed thereby, subject to the following comment and exceptions - P accounts and balance sheets 9 rZIVn , Thl a" rPnm 18 ™ a^. e to certlf J to the adequacy of certain securities owing to the absence of information as to the values of the lands secured. • ~'i , ,f j Office is not aware of any statutory authority for the following payments made out of the accounts mentioned— (i) Te Kao Store Accounts ■ Transfer Te Kao exnensL f ITuT i nrf 6 ' h°J 8 0 ° a Centennial Hall, £400 ; Home Guard outfit, £104 7s. 3d. ; Hemi Manuera's expenses, £15 ; marae expenses, £38 ; grant towards tribal expenses, £1- 14s. lOd. ; hui expenses, £4 16s ; advance m respect of hospital and surgical fees, £93. (ii) Te Kao Cream Track Account : Grant towards cost of erection of dental clinic +'183 6« 8d • AuStof General expenSeS ' £ -°" (2) Insufficient particulars were supphed m respect of payments totalling £40 made out of the Parengarenga 5b 1 Block Account.— Cykil G. Collins, Controller and

3—B. 1 [Pt. IV].

17

Totals - Tokerau. Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Cash balances— £ £ £ £ £ f f e e In hand and at bank .. jk 709 1 nw - -,1- , ~ ~ Add Post Office ininreqt ' none 1,956 5,23o lo,039 /,3o3 3,215 9,743 3,161 umce imprest.. .. .. .. .. .. 9,390 282 680 122 146 774 651 235 48,592 2,238 5,915 15,161 7,499 3,989 10,394 3,396 Investments — Common Fund — S:fo S pe a rtL Charge8 6 ' 6U 27 ' 508 26 ' 897 59 ' 265 I 62 ' 528 34 ' 628 S '034 On deposit with Native' 'Trustee'' " !! " " '' 178 36 " 289 Go;=n 0 t n s^tf to bIocks ' &c - " | 3 S *« u d% is 2 S 18 '^ PartiX eTtl™ 72 ' 08 ' 1 '' S65 6 ' 022 '■ 32 ' 600 n ' 300 3 ' 250 1.060 Mortgages lg , m 7 ln , q - 0 _ Government and other securities .. 34,850 .. j 679 ! 890 "32 624,206 27,124 83,140 126,033 148,200 146,447 67,232 26,030 Sundry debtors ........ ia 9in D -o ,, r ._ . , ~~T T - Interest and instalments (due and accrued) .. .. .. .. 4'797 ■ 4 99(5 ''' 8,053 19,007 997 782 8,379 499 8,053 213 84 Land and buildings 36 , 466 .. 11,083 6,901 13 256 Office equipment, &e 17 , 057 100 3,904 4,217 3,' 3 32 i j372 "650 53,523 100 14,987 9,443 10,383 16,588 1,372 650 Assets of special trusts under — —' Native Land Act, 1931, section 105.. .. .. .. .. 90 537 Native Land Act, 1931, section 358 .. .. .. .. " " ' 28 871 96 782 216,190 .. .. 90,537 28,871 96,782 Appropriation Account .. .. . . .. .. jg jyg jg — T ° talS " •' •' •' •• " •• •• 974,694 43,635 104,824 249,553 195,452 271,859 79,211 30,160

B.—l [PT. IV]

NATIVE LAND DEVELOPMENT Interest Account for the Year ended 31st March, 1942 Dr. £ Or. £ £ Interest on loan capital .. .. .. .. 87,453 Interest on amounts under Part I, Native Land Interest on advance from Consolidated Fund under Amendment Act, 1936— section 8, Finance Act, 1929 .. .. .. 72 Expended on development schemes .. 42,807 Interest adjustments, schemes and settlers, previous years 1,035 Advanced to settlers .. .. .. 50,354 Balance, transferred to Revenue Account .. .. 7,084 93,22.1 Interest on advances under — Section 340, Native Land Act, 1931 (Maori Land Boards) .. .. . . .. 181 Section 521, Native Land Act, 1931 (Native Trustee) .. .. .. .. 1,836 Section 48, Native Land Amendment Act, 1936 (Native settlers) .. .. .. 386 Oturei mortgage . . .. .. . . 20 2,423 £95,644 £95,644 Revenue Account for the Year ended 31st March, .1942 Dr. £ Cr. £ Depreciation: Surveyors'equipment .. .. 26 Balance, transferred from Interest Account .. .. 7,084 Profit, transferred to Net Revenue Account .. .. 43,626 Departmental charge on amounts — £ Expended on development schemes . . 16,075 Advanced to settlers . . . . 20,493 36,568 £43,652 £43,652 Net Revenue Account for the Year ended 31st March, 1.942 Dr. £ Cr. £ Previous year's loss: Bulk purchases, &c. .. .. 55 Balance, Ist April, .1941 .. .. .. .. 87,603 Balance, 31st March, 1942 .. .. .. .. 139,320 Profit, transferred from Revenue Account .. .. 43,626 Administration charge .. .. .. .. 200 Previous year's profits— £ Bulk purchases and motor-vehicles .. 5,460 Bush schemes ~ .. .. ~ 2,486 7,946 £139,375 £139,375 Balance-sheet as at 31st March, 1912 Liabilities £ Assets £ Loan capital : Public Works Fund .. .. 2,216,048 Development and settlement — Liability to Consolidated Fund— Expenditure, including interAdvance under section 8, Finance Act, £ est and departmental 1929: Principal .. .. .. 1,800 charge, on— £ £ Interest on loan capital .. .. 103,022 Development schemes .. 1,131,550 104,822 Settled holdings .. 1,314,875 Creditor: Employment-promotion grant unexpended 27,591 2,446,425 Writings-off in suspense .. .. .. .. 22,855 Advances under section 48, Net Revenue Account— Native Land Amendment Balance, Ist April, 1941 .. .. 87,603 Act, 1936 .. .. 8,024 Plus — £ Interest accrued .. 68 Excess income over expendi- 8,092 diture, 1941-42 .. .. 43,626 2,454,517 Administration charge .. 200 Advances— Previous year's profits on bulk Native Trustee under section purchases and bush schemes 7,946 521, Native Land Act, 1931 .. 27,689 51,772 Maori Land Boards under section 340, Native Land 139,375 Act, 1931 .. .. 1,729 Less previous year's loss: Bulk pur- Interest accrued .. 80 chases .. .. .. .. 55 1,809 139,320 Oturei Block .. .. 270 Interest accrued . . 5 275 29,773 Departmental motor-vehicles .. .. 8 Surveyors' equipment .. .. .. 152 160 Debtors — Advances to Maori Land Boards (Instalments : Principal, £1,680; interest, £1,625) .. .. .. .. 3,305 Advances to Natives (principal) . . 26 3,331 Losses in suspense .. ~ .. .. 22,855 £2,510,636 £2,510,636 Notes. —(1) Expenditure from employment-promotion grants on development schemes since inception, amounting to £1,523,036, is not included in the development and settlement expenditure above. (2) Administration expenses have»been paid from Consolidated Fund, vote " Native," since Ist April, 1936, prior to when the salaries and expenses of the field supervisors were paid from vote " Native Land Settlement " and were debited in those years to the Revenue Account. 0. N. Campbell, Under-Secretary. M. J. Lawless, A.R.A.N.Z., 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B 1 [Pt. IV], and to the following comments: (I) The lqading of the various schemes for administration expenses is not sufficient to cover the full cost; (2) moneys expended out of the " Surveys of Native Land Account " on Native-land-development schemes have not been recouped ; (3) in the opinion of the Audit Office expenditure from the Public Works Fund on Native-land-development areas incurred prior to the assumption of control by the Native Department and included in the Crown Lands Balance-sheet should bo reflected in the accounts of the Native-land-development schemes. —Cyril G. Collins, Controller and Auditor-General,

18

B.—l LPt. IV]

POST AND TELEGRAPH DEPARTMENT SAVINGS-BANK BRANCH Profit and Loss Account for the Year ended 31st March, 1942 Dr. £. Or. £ £ Interest credited to depositors .. .. .. 1,820,320 Interest received .. .. 1,971,325 Management expenses .. .. .. .. 216,712 Plus interest accrued to 31st March, 1942 545,853 Balance carried to Appropriation Account .. 40,658 2,517,178 Bess interest accrued to 31st March, 1941 466,631 2,050,547 Sundry receipts .. .. .. .. 27,143 £2,077,690 £2,077,690 Appropriation Account for the Year ended 31st March, 1942 Dr. £ Or. £ Balance brought forward .. .. .. 6,272 Profit and Loss Account .. .. .. 40,658 Balance carried forward .. .. .. 34,386 £40,658 £40,658 Balance-sheet for the New Zealand Post Office Savings-bank as at 31st March, 1942 Dr. £ Gr. £ Balance at credit of depositors'accounts .. .. 71,545,900 Cash on hand and at bank .. .. .. 802,846 Letters of credit and other liabilities .. .. 27,619 Investments .. .. .. .. .. 71,439*710 Reserve Fund .. .. .. .. 1,178,114 Interest accrued on investments .. .. 545,853 Advances to Postmasters .. .. .. 65 Thrift stamps held by teachers .. .. .. 7 Advance for school savings-bank expenses .. 5,000 Sundry debtors .. .. .. .. 2,668 Profit and Loss Appropriation Account .. .. 34,386 £72,791,084 £72,791,084 P. Cutforth, A.R.A.N.Z., Director of Accounts. J. G. Young, Director-General, Post and Telegraph Department. 1 hereby certify that the Profit and Loss Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. —Cyril G. Collins, Controller and Auditor-General. POST OFFICE Profit and Loss Account for the Year ended 31st March, 1942 Dr. £ Or. £ £ Maintenance and working expenses .. .. 3,668,379 Postages .. .. .. 2,148,086 Depreciation .. .. .. .. .. 678,140 Less amount transferred to War Interest .. .. .. .. .. 638,382 Expenses Account in terms of Net profit carried to Appropriation Account .. 286,528 section 2 (4) (c) of the War Expenses Act, 1939 .. 600,000 1,548,086 Private box and bag rents and rural delivery fees .. 62,680 Money-order and postal-note commission .. .. 63,013 Telegraph revenue .. .. .. .. 376,262 Toll revenue .. .. .. .. .. 1,000,735 Telephone revenue .. .. .. .. 1,720,044 Revenue from wireless traffic .. .. .. 21,495 Rent received .. .. .. .. .. 31,107 Miscellaneous revenue .. .. .. .. 448,007 £5,271,429 £5,271,429 Profit and Loss Appropriation Account for the Year ended 31st March, 1942 Dr. £ Cr. £ Payment to Treasury .. .. .. .. 235,962 Balance brought forward .. . .. 524,428 Balance of amount due to War Expenses Account for Net profit for year .. .. .. .. 286^528 1940-41 in terms of section 2 (4) (c) of the War Expenses Act, 1939 .. .. .. .. 100,000 Balance carried forward— (1) Post and Telegraph Act, 1928, section £ 95 (d) : Due to Consolidated Fund 445,723 etained by Post Office Account .. 29,271 474,994 £810,956 £810,956

19

POST AND TELEGRAPH DEPARTMENT— continued Balance-sheet as at 31st March, 1942 Receipts and Expenditure on Capital Account

B.—l [PT. IV]

— .— I -— i u■ ■ , i__ i i _ : General Balance-sheet Liabilities £ £ Assets £ Sundry creditors Capital Account balance .. .. .. 1 397 776 Money-order payees for unpaid money-orders .. .. .. 75,962 Stock at stores .. .. .. .. ' " 706' 034 Other Administrations, on money-order, postal, and cable accounts .. 131,890 Sundry debtors ' £ Postal-note payees for unpaid postal-notes 89,128 Other administrations on money-order account . 9 930 National savings coupons sold and unredeemed .. .. .. 1,399 Sundry other debtors " I 476'-873 Other Government Departments .. .. .. .. .. 3,322,875 """ " " " , 4sfi Sundry other creditors 1,093,303 _ Investments in Government stocks on account of— ' . ... „ _ , 4,714,557 Post Office investment Certificates .. .. .. .. 342,650 Assets written off Reserve Account .. .. .. .. .. .. 2,957 National savings deposits and bonds .. .. . 6 013 000 War Loan Certificate Account .. .. .. .. .. .. 4 244 » r Post Office Investment Certificate Account Postmasters' balances .. 6 648 999 ' ds ' boU Money-order Settlement Account 37,189 Less Savings-bank funds held in balance " ! '802'846 National Savings Fund Account .. .. .. .. .. 2.845 141 ' _ 0 ,„ National Savings Bonds Fund Account .. .. .. .. 3,'386!566 Cash in bank, stock of postal notes, &c. .. 5*429 298 lostmasters: For advances to Postmasters of stamps, postal notes, Bulk stock of stamps held in Head Office " 34'977' 206 British postal orders, and other documents of value, including stocks Assets written off Suspense Account .. .. .. .. " ' 2'957 held m General Post Office .. .. .. .. .. 10,079,636 Post Office investments under section 100 of Post and Telegraph Act, btamps held m Head Office and m transit .. .. .. .. .. 35,120,638 1928 - oq~ ri-o Depreciation Reserve 5,' Interest accrued on investments ! ' 75'838 Pire Insurance Reserve 200,000 Loan Conversion Expense Account . 695 War Damage Insurance Reserve .. .. .. .. .. .. 420 908 Reserve for accumulated leave .. .. .. .. .. .. 50 000 Profit and Loss Appropriation Account .. .. .. .. .. 474 994 £63,513,406 £63,513,406 P. Cuteorth, A.R.A.N.Z., Director of Accounts. J. G. Young, Director-General, Post and Telegraph Department. I hereby certify that the Profit and Loss Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position a's disclosed thereby.— Cyril G. Collins, Controller and Auditor- General.

20

Dr. A3 at 1st April, Amount debited As at 31st March, Capital as at 1st ! Amount received Capital as at 31.1 1941. ! during Year. 1942. Ur - April, 1941. j during Year. March, 1942. || . r Expenditure— £ £ £ ; Receipts— £ £ j £ Telegraph and toll systems, including 3,033,436 12,361 3,045,797 Public Works Fund .. .. 16,571,187 389,320 16,960,507 \voris m progress Aeradio Adjustment Account (Con- ' IKiUlS 24 816 138,229 Telephone-exchange systems, including 9,946,613 148,750 10,095,363 solidated Fund contribution to works in progress aeradio agsets) Wireless systems .. .. .. 48,312 2,487 - 50 799 Buildings and sites .. .. 4,332,941 214,467 4,547^408 Tools and plant .. .. .. 66,649 4,469 ' 71 118 Motor assets .. .. .. 330,264 Or. 2,021 328'243 Furniture and fittings .. 213,619 5,936 Aeradio systems — Catl ° n CqUi^ment • 76,302 10,473 86,775 16,684,600 4lZl36 ! 17,098,736 g •• 3/,111 14,343 51,4o4 Balance carried to General Balance-sheet .. .. 1,397,776 18,085,247 411,265 j 18,496,512 , | .. 18,496 512 — : : 1 : ' • I I | '

B.—l [Pt. IV]

PRINTING AND STATIONERY DEPARTMENT Trading Account as at 31st March, 1942 Dr - Or. Paper and materials— £ £ Sales— £ £ Stock at beginning .. .. .. 37,911 Manufacturing .. .. .. .. 249 171 Add purchases ■ • . •• 97,426 teas work in progress, 31st March, 1941 .. 20'429 135,337 228 742 Less slock on hand, 31st March, 1942 .. 45,818 Add work in progress, 31st March, 1942 24 843 89,519 ' Stationery— . 2 Stock at beginning .. .. .. 11,692 Stationery .. .. .. 80' 163 Add purchases .. .. .. 69 ,332 Publications .. .. .. 7'615 ——Typewriters .. .. .. 5j ' 66 2 81,024 347 oik Less stock on hand, 31st March, 1942 .. 13,610 Discounts received 417 67,414 Publications— Stock at beginning .. .. .. 12,059 Add purchases .. .. .. 2,985 15,044 Less stock on hand, 31st March, 1942 .. 12,071 2,973 Typewriters— Stock at beginning .. .. .. 202 Add purchases .. .. .. 5,793. 5,995 Less stock on hand, 31st March, 1942 .. 1,067 4,928 Wages (productive) .. .. .. 82,990 Wages (establishment) .. .. .. 31,940 Wages (Stationery Office) ...... 9,813 ' Freight (inwards) .. .. .. .. 10,236 Insurance . . .. .. .. 3,175 Lighting (proportion) ...... 461 Power . . .. .. . . .. 483 Fuel .. .. .. .. . . 665 Water . . .. .. . . . . 104 139,927 Balance, to Profit and Loss Account .. .. 42 671 I*" 347 ' 432 £347,432 Profit and Loss Account for the Year ended 31st March, 1942 nm A & Gr. ' £ ioel salaries . •• •• 8 - 411 Balance transferred from Trading Account 42 671 Postaee and g " 1 " '' ]' Stora «° , aIUI hand,in S stationery, &c„ for other Govern- ' postage ana telegrams .. .. .. .. 1,357 ment Departments .. 1 40* Freight and cartage (outwards) 3,461 Commission on sales of publications .. " " 1 'tit Exchange 2,043 Rent receivable .. . " ' 'oo« Discounts allowed .. .. .. .. - ~ 207 '' '' • • Telephones (rental) .. . . . . .. 120 Medical services . . ~ ~ I g Lighting, &c. (proportion) .. .. . . . . 51 Proportion of rent, See., High Commissioner's Office . . 340 Office expenses . . .. .. . . .. 120 Sundry trade expenses . . . . .. .. 324 Audit fee .. .. . . . . .. ~ 150 Wages: Cleaners, watchmen, &c. .. .. .. 2,701 Interest on capital . . .. . . . . 9 213 Depreciation— £ Buildings .. .. .. .. 1,012 Plant and machinery .. .. .. 6,618 Furniture, fittings, and office equipment .. 77 Type and type metal .. .. .. 106 Accessories .. .. .. . . 527 8,340 Rent of storage space .. .. .. .. 609 Losses on disposal of assets .. .. .. . . 4 Balance carried down . . .. . . .. 7 320 55 £45^940 J Balance brought down .. .. . _ ~£7~320 Manufacturing Account as at 31st March, 1942 Dr. £ s. d Cr Manufacture of materials 172 18 7 Balance account in ledger .. 1 6 q £ 2 q 8 ,4 « Defective work .. .. .. .. 32 4 6 Sales 10a,zas 14 0 Losses on jobs 404 0 9 ' Paper .. .. qr . finQ ~ , Establishment expenses: Manufacturing .. 500 14 .10 Binding " " " ' Work in progress, 31st March, 1942 .. .. 24,842 13 3 Litho " " " " 33 14 10 Balance to Trading Account 249,171 0 4 Waste products 80 ® £ ® Work in progress, 31st March, 1941 .. .20,428 16 3 £275,123 .12 3 £275,123 12 3

21

B.—l [Pt. IV]

PRINTING AND STATIONERY DEPARTMENT—continued Treasury Adjustment Account for the Year ended 31st March, 1942 Part I. Dr. . & Or. £ Balance of Receipts and Payments Account .. .. 6,359 Rent of storage space from Public Works Department .. 127 Balanoe, transferred to Part II .. .. 6,232 £6,359 £6,359 Part 11. Dr. £ Gr. £ Balance, Treasury Adjustment Account as at 31st March, Balance of Treasury Adjustment Account as at 1941, now transferred to Capital Account .. .. 9,948 31st March, 1941 .. .. .. .. 9,948 Balance transferred from Part I .. .. .. 6,232 Interest on capital .. .. .. .. .. 9,213 Balance, carried down .. .. .. .. 2,981 £19,161 £19,161 Balance brought down .. .. .. .. £2,981 Receipts and Payments Account for the Year ended 31st March, 1942 Receipts. £ Payments. £ Sundry debtors .. .. .. .. .. 304,559 Salaries .. .. .. .. .. .. 87,100 Publications .. .. .. .. 2,931 Wages .. .. .. .. .. .. 45,318 Sales — £ Allowances to officers performing higher duties .. 291 Stationery .. .. .. .. 15 Overtime.. .. .. .. .. .. 7,990 Second-hand typewriters .. . . 7 Purchases— Waste products .. .. .. 30 Paper, stationery, &c. .. .. .. .. 126,534 Refunds — — 52 Stores, &c. .. . . .. .. .. 13,985 Salaries and wages .. .. .. 629 Freight, cartage, insurance, &c. .. .. .. 13,845 Exchange .. .. .. .. 1 Machinery (new and repairs to) .. .. .. 1,511 Freight .. .. .. • ■ 10 Type metal .. .. .. .. .. 225 Postages .. .. .. . . 36 Type and printing material. . .. .. .. 8 Stationery . . .. .. • ■ 18 Monotype extras .. . . .. .. .. 425 — 694 Fuel, gas, power, light, and water .. .. .. 1,962 Insurances on goods lost in transit .. .. .. 8,168 Medical services .. .. .. .. .. 15 Office equipment, &c. .. .. .. .. 19 Postages and telegrams .. .. .. .. 1,447 Telephone services . . .. .. .. 128 Window-cleaning, rubbish-removal, &c. . . . . 120 Proportion of rent, &e., High Commissioner's Office .. 340 Wages: Cleaners, watchmen, &c. .. .. .. 2,536 Proportion of cost of messengers' uniforms .. .. 34 Audit fee..- .. •• .. 150 Repairs to premises .. .. .. .. 551 Rent of storage space .. .. .. . . 476 Maintenance of fire-alarms .. .. .. 4 Contingencies .. .. . . . . .. 11 Grant to cover shortage of cash .. .. .. 5 Refunds to Departments for publications, &c., sold .. 5,015 Balance to Treasury Adjustment Account .. .. 6,359 £316,404 £316,404 Balance-sheet as at 31st March, 1942 Liabilities. I Assets. £ Capital Account — £ £ Land .. . . .. .. .. 54,359 Public Works Fund .. .. ..112,623 Buildings .. .. .. .. .. 32,968 Consolidated Fund .. .. 117,710 Plant and machinery— £ Creditors — 230,333 Composing plant .. .. .. 821 Departmental . . . . • • • ■ 4,220 Machine composing plant .. . . 4,752 Sundry .. •• 29,744 Addressograph plant .. .. .. 46 33,964 Printing plant . . .. .. .. 6,463 Wages accrued .. .. •• 1,309 Binding plant .. .. .. .. 3,975 Bad Debts Reserve .. .. •• •• 163 Litho plant .. .. .. .. 2,533 Writing-off, Suspense Account .. .. .. 845 Photo plant .. .. .. .. 753 Treasury Adjustment Account .. .. .. 2,981 Stereotype plant .. .. :. 537 Balance Profit and Loss Account .. .. .. 7,320 Engine-room plant .. .. .. 330 Miscellaneous plant . . . . . . 3,963 24,173 Furniture, fittings, and office equipment .. .. 597 Type and type metal .. .. .. .. 12,274 Accessories — Composing Branch .. .. .. 1,118 Machine Composing Branch .. .. 31 Printing Branch .. .. .. 28 Binding Branch.. .. .. .. 206 Litho Branch .. .. .. .. 45 Photo Branch . . .. .. .. 21 Stereotype Branch .. .. .. 6 Engine-room . . .. . . .. 68 Paper-store . . .. .. .. 99 1,622 Debtors — Departmental .. .. .. ..50,621 Sundry .. .. .. .. 1,037 51,658 Work in progress .. .. .. .. .. 24,843 Stock — On hand .. .. .. .. 72,458 On consignment.. .. .. .. 108 72,566 Stock Suspense Account .. .. .. .. 841 General Average Suspense Account .. .. .. 18 Insurance Suspense Account .. .. .. 992 Assets to be written off .. .. .. 4 £276,915 £276,915 A. W. Gyles, A.R.A.N.Z., Accountant. I hereby certify that the Receipts and Payments, Trading and Profit and Loss Accounts, and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B. 1 [Pt. IV], and to the comment that the asset " Type and type metal, £12,274 " is not supported by stock sheets. —Cyril G. Collins, Controller and Auditor-General.

22

B.—l [Pi. IV]

RANGITAIKI LAND DRAINAGE SCHEME Rate Account for the Year ended 31st March, 1942 /i Capital. Maintenance. Capital. Maintenance 0 . • £ Gr. £ £ Remissions .. .. 559 554 Balance as at 31st March, 1941 .. 770 10,789 Overcharge .. .. .. 27 18 Amount previously remitted now re--1 ransfor to Reserve Fund .. 1,350 .. charged | I Interest on capital cost .. .. 8,605 .. Rates struck for 1941-42 year . . 10,438 5 987 Cost of maintenance .. .. .. 8,034 10 per cent, penalty added to 1940-41 Balance as at 31st March, 1942 .. 1,012 11,052 and 1941-42 rates .. .. 344 203 Subsidy on maintenance-costs .. .. 2,678 £11,553 £19,658 £11,553 £19,658 Revenue Account for the Year ended 31st March, 1942 Losses written off .. .. .. ..' & 1 Accrued rent .. .. no Interest on Public Works Fund : Capital .. .. 19,567 Interest on capital cost recoverable by rates .. 8,605 Balance transferred to Drainage Works Account .. 10,793 £19 j 568 £19,568 Receipts and Payments Account for the Year ended 31st March, 1942 Receipts Payments Consolidated Fund. Consolidated Fund. X £ Rates.. .. .. .. .. .. 26,638 Maintenance of completed works .. .. 7 747 Rents .. .. . . .. .. .183 Refund of rates . . . . .. .. 24 Law-costs .. .. .. .. .. 120 Transfer of net receipts to Treasury Adjustbubsidy on maintenance-costs .. .. .. 1,460 ment Account .. .. 29 048 Sundries .. .. .. .. ..671 Transfer of expenditure to Treasury Adjustment Account .. .. .. .. ~ 7,747 £36,819 £36,819 Treasury Adjustment Account for the Year ended 31st March, 1942 Dr - . . £ Cr. £ Net receipts credited to Consolidated Fund Miscel- Balance as at Ist April, 1941 .. .. .. 299 38J laneous Revenue .. .. .. .. 29,048 Transfer from Hauraki Plains Settlement Account .. 13 1 ransfer to vote Lands and Survey Account " .. 156 Transfer from Swamp Land Drainage Account 448 Transfer to Swamp Land Drainage Account .. 10 Expenditure, vote " Lands and Survey £ Balance as at 31st March, 1942 . . .. .. 297,942 Maintenance completed works . . . . 6,847 Proportion salaries . . . . .. 900 — 7,747 Interest on Public Works Fund : Capital .. .. 19,567 £327,156 | £327,156 Balance-sheet as at 31st March, 1942 Liabilities £ sse t s £ Public Works Fund .. .. .. ..489,169 Drainage worksFree capital from Employment Promotion Fund .. 891 Recoverable: Capita) expenditure (section 11 Reserve Account for repayment of capital cost .. 3,888 Finance Act, 1923, (No. 2)) ' '>05 000 Treasury Adjustment Account .. .. .. 297,942 Not recoverable : Capital expenditure and capitalUnpaid purchase-money for land taken .. ~ 210 ized interest ... 573 254 Sundry creditors: Miscellaneous .. .. 234 Plant, machinery, and tools ' 1'156 Rate Account £ Buildings .. .. . . .. ~ 1 ,'230 Capital .. .. .. .. 1,012 Survey goods .. .. .. 863 Maintenance .. .. .. 11,052 Sundry debtors— 12,064 Rates — £ Writings off in Suspense .. .. .. 1 Capital .. .. .. .. 10,399 Payments in advance: Rates .. .. .. 20 Maintenance .. ~ ~ 8 013 Law-costs .. .. .. .. 193 Kent .. .. . . .. g Miscellaneous .. .. . . 99 Departmental . . . . .. 207 18,917 Cash in transit from post-office .. .. .. 3,107 Expenditure from Employment Promotion Fund .. 891 Losses in Suspense .. . . .. .. I £804,419 £804,419 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 8.-I |Pt. IV].— Cyril G. Collins, Controller and Auditor-General °

23

B.—l [PT. IV]

SMALL FARMS SCHEME Revenue Account for the Year ended 31st March, 1942 Dr. Or. £ Interest on capital— £ • £ Rents receivable .. .. .. .. .. 2,697 Pttblio Works Fund .. .. .. 83,192 Interest receivable— £ Consolidated Fund .. .. .. 1,560 Current Account mortgage .. .. 6,273 84,752 Instalment mortgage .. .. .. 14,311 Rent payable .. .. .. .. .. 045 Share-milkers' loans .. .. .. 676 Remission under Mortgagors and Lessees Rehabilitation Miscellaneous .. .. .. . . 123 Act, 1936 .. .. .. .. .. 151 21,383 Rebates .. .. .. .. .. .. 878 Interest accrued on loan to Napier Harbour Board .. 1,311 Accidcnt compensation .. .. .. .. 035 Interest on development expenditure recouped .. 1,320 Miscellaneous expenses .. .. .. .. 19 Rebates on superphosphate.. .. .. . . 240 Deficit on disposal of properties .. .. .. 188 Surplus on disposal of properties .. .. 255 Losses on realization of advances to small farm occupiers 4,833 Profit on disposal of developed blocks . . .. 4,471 Losses on disposal of developed blocks .. .. 3,614 Balance: Loss for year carried down .. .. 64,038 £95,715 £95,715 £ £ Balance— Balance: Loss to 31st March, 1942 .. .. .. 204,217 Loss brought forward from 31st March, 1941 . . 140,179 Loss brought down .. .. . . .. 64,038 £204,217 £204,217 Treasury Adjustment Account for the Year ended 31st March, 1942 Dr. £ Cr. £ Receipts and Payments Account: Consolidated Fund Balance, Ist April, 1941 .. .. .. .. 171,321 items .. .. .. .. .. .. 22,659 Receipts and Payments Account: Public Works Fund Expenditure capitalized .. .. .. .. 126,564 items .. .. .. .. .. .. 126,564 Land transferred .. .. .. .. ■■ 176 Interest on Public Works Fund capita] .. .. 83,192 Balance, 31st March, 1942 .. .. .. .. 233,414 Interest on Consolidated Fund capital .. .. 1,560 Public Works Fund capital transferred .. .. 176 £382,813 £382,813 Receipts and Payments Account for the Year ended 31st March, 1942 Receipts Payments Consolidated iuna ' Fund. * una ' Fund. Capital receipts : Development of Expenditure from vote " Small Farms small farms (repayments in Development"— £ £ £ respect of advances) — £ £ £ Purchase of land .. .. 4,332 Current Account — Expenditure on blocks being developed— Improvements .... 1,919 £ Stock and chattels .. ..61,847 Improvements .. 109,434 Instalment mortgages .. .. 8,893 Chattels .. .. 14,342 Under share-milkers'agreements .. 4,736 Wages— Realization Account .. .. 1,257 Development .. 122,526 Miscellaneous .. .. .. 455 Seasonal .. .. 48,475 — .. 79,107 Seasonal expenditure and Receipts under section 6, Finance Act, 1932 (No. 2) .. 503 live-stock .. .. 113,521 Credits-in-aid : Credits in reduction of 408,298 expenditure on blocks being de- Advances to small farm occupiers : veloped:— Current Account .. .. 50,021 Improvements .. .. .. 81,321 Accidcnt compensation .. .. 624 Stock and chattels .. .. 64,244 Miscellaneous expenditure .. 471 Seasonal farming receipts .. 111,286 .. 463,746 Sales of land .. .. .. 3,213 Payments under section 6, Finance Act, 1932 (No. 2) .. 2,508 .. 260,064 Expenditure from vote—" Lands and Survey " : 619 Interest on public moneys: Interest Item " Payment of rents, &c." in respect of advances — .. Transfer to Treasury Adjustment Account .. 22,659 Current Account .. .. 6,489 Instalment mortgages .. .. 12,774 Under share-milkers' agreements .. 704 19,967 Territorial revenue: Rents .. .. 3,311 Transfer to Treasury Adjustment Account .. .. 126,565 Recoveries on account expenditure of previous years : Sale of plant .. .. .. • • 15 £23,278 £466,254 £23,278 £466,254

24

B.—i [FT. IV]

SMALL FARMS SCHEME—continued Balance-sheet as at 31st March, 1942 Liabilities Assets Capital— £ £ Land— £ £ Public Works Fund .. .. .. 2,142,503 Leased .. .. .. .. 79,720 Consolidated Fund .. .. .. 39,000 Unleased .. .. .. .. 6,379 Land donated .. .. .. 9,320 Purchase-price of area being developed, 2,190,823 including value of Crown and other land Subsidies— • set aside .. .. .. 424,047 Employment Promotion Fund .. 457,514 510,146 Consolidated Fund .. .. .. 475,568 Blocks under development—■ 933,082 Gross capital expenditure on development 1,881,901 Loan from Social Security Fund .. .. 3,161 Expenditure on live-stock, and farm Land set aside for small farms — working .. .. .. .. 270,987 Crown Lands Account .. .. 60,096 Chattels (including store buildings) .. 65,722 Education Endowment Account .. 2,548 2,218,610 62,644 Loan to Napier Harbour Board (Ahuriri Rent accrued: Crown Lands Account .. .. 288 Lagoon) .. .. .. .. 29,083 Creditors— Add accrued interest .. .. 2,765 Rent .. .. .. .. 179 31,848 Miscellaneous (departmental, &c.) .. 7,285 Water-supply schemes: Headworks .. .. 4,053 7,464 Advances to small farm occupiers— Water Supply Account: Maintenance .. .. 653 Current Account— £ Payments in advance— Improvements .. .. 52,908 Rent .. .. .. .. 152 Stock and chattels .. 55,190 Principal— £ 108,098 Instalment mortgages .. 154 Instalment mortgages .. .. 300,755 Share-milkers' loans .. 150 Miscellaneous .. .. . . 2 Current Account .. .. 1,514 408,855 1,818 Advances under share-milking agreements .. 10,300 Interest— Realization Account: Leased areas in course of Instalment mortgages .. 403 realization .. .. .. .. .. 12,800 Share-milkers' loans .. 21 Losses on blocks disposed of not finalized .. 1,084 Current Account .. 17 Debtors— 441 Rent owing by small farm occupiers .. 3,579 Water levies .. .. .. 21 Principal— £ 2,432 Instalment mortgages .. 1,538 Accrued interest on capital on blocks Share-milkers' loans .. 909 being developed .. .. .. .. 195,685 2,447 Rent Adjustment Account .. .. .. 895 Interest— Writings-off in Suspense .. .. .. 12,968 Instalment mortgages .. 3,395 Capital Reserve: Special assets taken over at Share-milkers' loans .. 154 book value .. .. .. .. 39,453 Current accounts .. .. 4,861 Treasury Adjustment Account .. .. .. 233,414 8,410 Water levies .. .. .. 165 Miscellaneous (departmental, &c.) .. 3,943 ■ 18,544 Deposits held by dairy companies .. 884 Less reserve .. .. .. 220 664 Interest Adjustment Account .. .. .. 4,287 Interest unrecouped on development expenditure .. 195,685 Losses in Suspense Account .. .. .. 12,968 Subsidies in respect of blocks disposed of— Employment Promotion Fund .. 34,421 Consolidated Fund .. .. .. 14,480 48,901 Revenue Account: Balance carried forward .. 204,217 £3,682,962 £3,682,962 Notes.—(a) Profits or losses from farming operations on blocks under development are included in the Revenue Account only when the final position is ascertained on realization of the block, (b) Interest on expenditure on blocks under development has been credited to Revenue Account only to the extent that trading results have enabled it to be met. The balance has been credited to the Balancesheet item " Accrued interest on capital on blocks being developed, £195,685." R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief 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 departmental notes enfaced thereon and the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B. 1 [Pt. IV]. The following comments are appended : (1) The account does not bear a charge for the cost of expenses incurred by Departments administering the scheme, other than a reduced charge for the supervision of the erection of cottages and milking-sheds; (2) It is unlikely that the realizable value of certain properties is equal to the development expenditure thereon. —Cyril G. Collins, Controller and Auditor-General.

4—B. 1 [PT. IV].

25

B.—l [PT. IV]

STATE FOREST SERVICE UTILIZATION BRANCH, ROTORUA Working Accounts foe the Year ended 31st March, 1942 Waipa Sawmill Dr. £ Cr. £ Stocks, Ist April, 1941 .. .. .. .. 12,236 Sales .. .. .. .. .. .. 44,347 Logging, milling, kiln-drying, purchases, &c. .. .. 74,342 Issues to boxmill, &c. .. .. .. .. 28,534 Balance, to Profit and Loss Account .. .. .. 4,259 Stocks, 31st March, 1942 .. .. .. .. 17,956 £90,837 £90,837 Waipa Boxmill Dr. £ Or. £ Stooks, Ist April, 1941 .. .. .. 610 Sales of box-shooks.. .. .. .. .. 40,374 Wages, stores, timber, maintenance, &c. .. .. 40,065 Stock, 31st March,l942 .. .. .. .. 1,444 Balance, to Profit and Loss Account .. .. .. 1,143 £41,818 £41,818 Waipa Creosote Plant Dr. £ Or. £ Stocks, Ist April, 1941 .. •• •• •• 12,999 Sales .. .. .. . . .. .. 21,384 Wages, creosote, timber purchases, &c. .. .. 23,422 Stocks, 31st March, 1942 .. .. .. ..15,257 Balance, to Profit and Loss Account .. .. .. 220 £36,641 £36,641 Balance-sheet as at 31st March, 1942 Liabilities £ Assets £ Sundry creditors .. .. .. .. •• 11,834 Plant (at cost, less depreciation and reserves) .. .. 98,150 Head Office .. .. •• •• 372,784 Buildings and construction units (at cost, less depreciation) 127,567 £ Departmental property and stores .. .. .. 24,468 Main Balance-sheet figure .. .. .. 381,275 Stocks .. .. .. .. .. .. 34,657 Less South Island plants .. .. .. 28,470 Sundry debtors .. .. .. .. .. 31,447 Establishment account and miscellaneous .. .. 32,114 352,805 Appropriation Account .. .. .. .. 36,215 Plus amounts in suspense between Head Office and Utilization Branch .. .. .. 19,979 372,784 £384,618 £384,618 Profit and Loss Account for the Year ended 31st March, 1942 Dr. ' £ Cr. £ Profit and Loss Appropriation Account .. .. 7,408 Sawmill Working Account .. .. .. ~ 4,259 Boxmill Working Account .. .. .. .. . 1,143 Creosote Working Account .. .. .. .. 220 Round timber and miscellaneous .. .. .. 1,786 £7,408 £7,408 Appropriation Account Dr. Or. ' £ Balance £ £ Profit and Loss Account .. .. .. .. 7,408 General Account .. .. .. 17,301 Balance .. .. .. .. .. .. 36,215 Interest to Ist April, 1941 .. .. 10,586 27,887 Interest for year 1941-42 .. .. .. •• 14,865 Loss on Waiotapu Portable Mill .. .. y- 871 £43,623 £43,623

26

B.—l [Pt. IV]

STATE FOREST SERVlCE—continued STATE FORESTS ACCOUNT Income and Expenditure Account fob the Year ended 31st March, 1942 General Revenue Account Expenditure £ Income Salaries and contributions to Public Service Superannua- Timber— £ £ tion Fund .. .. .. .. .. 16,502 Royalties .. .. .. . 8949 General management of indigenous forests— £ Sales ..... ' 96'327 Postages, cables, stationery, &c. .. .. 2,025 Trespass' " " '' .! 1'352 Payments to other Departments for services '' "° jqjj 028 rendered .. .. . . .. 225 LeasesForest reconnaissance, timber cruising, &c. .. 11,887 Grazing .. .. .. 1 032 Legal expenses, &c. .. .. .. 47 Sawmilling sites .. .. .. .. 213 Office rent, heating, lighting, and cleaning .. 1,689 Industrial .. .. .. °" 107 Transportation expenses and maintenance of Miscellaneous .. .. '' '' 310 motor-vehicles .. .. .. 2,112 " " " 2 262 Travelling and transfer and removal expenses 3,385 Permits, miscellaneous .. .. .. .. 8'279 Maintenance of buildings and departmental License and transfer fees .. .. " , . '265 property .. .. .. .. 486 Fees for inspections .... 2 510 Contingencies and miscellaneous .. .. 65 Rents of departmental houses .. ." '264 . . 21,921 Administration expenses (Forests Amendment Act, 1926) 1,453 ± orest-hre prevention : Fire-fighting wages, &c. .. 617 Miscellaneous revenue .. .. .. 1 777 Educational— Profit on Photographic records and materials .. 17 Whirinaki Forest.. .. .. 8 367 Preparation of service bulletins, &c. .. 10 Omahuta Forest .. " !! "199 . 27 g 506 Forest research : Silvicultural management studies and timber products testing .. .. . . . . 388 Miscellaneous— Annual rent, Otanewainuku .. .. 74 Payment of special rates .. .. .. 23 Loss on Puketi Forest .. .. .. 668 765 Depreciation .. .. .. .. .. 1 , 874 Timber-control expenses .. .. .. .. 3,868 Balance carried down .. .. .. .. 86,042 £132,004 £132,004 Allocation of Revenue Account Dr. Cr. £ Consolidated Fund— £ £ Balance from General Revenue Account .. .. 86,042 National Endowment Account revenue (Forests Act, section 39 (2)) .. .. .. 16,721 Local bodies : Fifths of revenue (Finance Act, 1924, section 17) .. .. .. 17,211 Working Railways Account (Finance Act, 1936, section 24 (1) and (2)) .. .. 898 34,830 General Reserve .. .. .. .. .. 51,212 £86,042 £86,042 Nurseries and Plantations: Interest and Miscellaneous Dr. £ Cr. £ Interest on loans .. .. .. .. .. 107,457 Interest on commercial projects .. .. .. 15,259 Loss on Westland Nursery .. .. .. .. 263 Net interest payable, capitalized as from Ist April, 1940 92' 461 £107,720 £107/720

s—B.5 —B. 1 [PT. IV]

27

B —l [PT. IV]

STATE FOREST SERVlCE—continued STATE FORESTS ACCOUNT—continued Balance-sheet as at 31st March, 1942 Liabilities £ Assets £ Capital Account .. .. .. .. 36,319,405 Land .. .. .. .. .. .. 1,526,058 Loans— Standing forests .. .. .. .. 34,028,190 Debentures and stock issued— Forest improvements : Roads, tracks, protection Eate of Interest, Amount of Loan. improvements, &c. .. .. .. .. 7, if,s per Cent. £ Departmental property —Indigenous Forests : Buildi® " " orr'oßo ings, equipment, motor-vehicles, reference library, o," " " 'Vio'ma stores, &c. .. .. .. .. 13,587 '• '■ Sundry debtors .. .. .. .. .. 124,572 / ■' ■■ Plantations .. .. .. .. .. 6,163,160 " 991, ,211 Stocks of tree seed .. .. .. .. 1,542 . , . r , ... ~ T 7 ' ' Regeneration areas .. .. .. .. 52,391 Advances from Consolidated Fund at Managed forests 65,823 4 per cent. .. .. 87,405 Utilization, sawmilling, and creosoting plant .. 381*275 >474, 843 Amounts held on deposit . . .. . . 3 t 932 Sundry creditors — Assets in Suspense .. .. .. .. 187 Consolidated Fund for — Administration expenses unallocated .. .. 11,082 Loans redeemed on conversion .. 141,554 Charcoal production .. .. .. .. f>' 316 Interest paid .. .. .. 759,049 Net interest payable, capitalized as from Ist April, 1940 183,757 Interest accrued .. .. ..26,927 Cash in Public Account .. .. .. .. 59,280 National endowment Revenue .. 41,164 Working Railways Account . . .. 898 On open accounts .. .. . . 31,176 1,000,768 Reserves, general .. .. .. .. 1,829,182 Liability for amounts held on deposit .. .. 3,932 Reserve for assets written off .. .. .. 187 £42,628,317 £42,628,317 Notes.—(l) Lands and standing forests other than areas purhcased have been valued as follows : Prairie value, ss. per acre; protection, £1 per acre; merchantable forests, £10 per acre; accretions during the year have been brought into the accounts at the prairie value of ss. per acre. (2) Plantations have been valued at cost plus compound interest to 31st March, 1940, less returns compounded to 31st March, 1940. (3) The liability for advances from the Consolidated Fund is fixed by section 21 of the Finance Act, 1926, and section 3 of the Finance Act, 1926, and section 3 of the Finance Act, 1927. at £104,250. £87,405 3a. 4d. only is shown as a liability of this account, £16,844 16s. Bd. representing the expenditure oil sanddune reclamation, having been transferred without statutory authority to the Crown Lands Account. Alex. R. Enteican, Director of Forestry. W. J. C. Kinloch, A.R.A.N.Z., Accountant. I hereby certify that the Working Accounts, Profit and Loss Account, 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, and 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.

28

B— 1 [PT. IV]

SWAMP LAND DRAINAGE SCHEMES. Rate Accounts for the Year ended 31st March, 1942. Kaitaia Drainage Area. Special Rate Accounts : Capital. Rural Town 1)llr „, T Dr Subdivision. Subdivision. Subdivision. SubdiXion. rr ~ ' £ £ Cr. £ £ 1 ransfer to Reserve 488 67 Balance, Ist April, 1941 .. 1 997 i o o Interest charges 2,512 343 Rates levied, 1941-42 .. .. a'm emissions .. .. 12 .. io per cent, penalty on unpaid rates .. '268 26 Balance, 31st March, 1942 .. .. 2,450 154 £5,462 £564 £5,462 £564 i General Rate Accounts : Maintenance. Rural Town T Dr Subdivision. Subdivision. Subdivision. Subdivision, o • • £ £ Cr, £ £ Remissions .. .. .. .. 6 Balance, Ist April, 1941 .. .. .. 1 611 174 Cost of maintenance 1,051 180 Rates levied i 78 2 ?nn Balance, 31st March, 1942 .. .. 2,485 205 10 per cent, penalty on unpaid rates .. 149 11 £3,542 • £385 £3,542 £385 Waihi Drainage Area., Special Rate Accounts : Capital. ™ na Ka wa°rd OpU Pu . kehina Kaikokopu Dr. £' £ f j r VVard. Ward. Transfer to Reserve 40 72 Balance, Ist April, 1941 448 9AK Remissions .. . . . . .... 4 Rates levied .. .. 000 410 Interest charges 214 310 10 per cent, penalty on unpaid rates 6 11 Balance, 31st March, 1942 .. .. 520 340 £774 £726 £774 £726 General Rate Accounts : Maintenance. • ? Ward" a Ka wa 0 rd o!>U Ward®' Pukehlna Kaikokopu Central n r W T' W " d ' _ Ward. Ward. Ward. ■ £ x (Jr. £ £ £ Maintenance-costs .. . . 30 440 550 Balance, Ist April, 1941 .. .. 1 083 309 1 049 Remissions .. .. .... 4 43 Rates levied .. ~ .. 78 430 ' •jqq Balance, 31st March, 1942 .. .. 1,132 306 758 10 per cent, penalty on unpaid rates 1 11 2 £1 ' 162 "50 £1,351 £750 £I^sl Poukawa Drainage Area. Special Rate Accounts : Capital. Dr. £ Cr. £ Transfer to Reserve .. .. .. .. .. 147 Balance, Ist April, 1941 .... 400 Interest charges .. .. .. .. .. 930 Rates levied .. .. . ' " 1 121 Remissions .. .. .. .. .. 12 10 per cent, penalty added to unpaid rates " " '51 Balance, 31st March, 1942 .. .. .. .. 483 £1 ' 572 £1,572 General Rate Accounts : Maintenance. y, Dr. £ Cr. £ Cost of maintenance .. .. .. .. 284 Balance, Ist April, 1941 .. ~ (j'ng Remissions .. .. .. .. .. 8 Rates levied .. .. _ _ '' 9 Balance, 31st March, 1942 .. .. .. .. 781 10 per cent, penalty added to unpaid rates ' '14 Thirds ' 108 -" 7:! £1,073

29

B.—l [PT. IV]

SWAMP LAND DRAINAGE SCHEMES—continued. Receipts and Payments Account foe the Year ended 31st March, 1942. Receivts Public Works Consolidated Payments. Public Works Consolidated r ' Fund. Fund. Fund. Fund. £ £ £ £ Rents from national-endowment land in Rates refunded Waihi Drainage Area .. .. .. 373 Rents refunded .. .. .... 37 Interest on sales of land .. .... 36 Kaitaia Drainage Area : Maintenance comRates — £ 'pleted works .. .. .. .. 2,025 Waihi Drainage Area .. .. 2,165 Poukawa Drainage Area: Maintenance comKaitaia Drainage Area .. 2,313 pleted works .. .. .. .. 285 Poukawa Drainage Area .. 879 Waihi Drainage Area: Maintenance com- .. 5,357 pleted works .. .. .. .. 1,102 Thirds .. .. .. .. .. 158 Refund of recoveries on account of cxpendi-Law-costs .. .. .. .... 90 ture of previous years . . . . 7 Sundry rents .. .. .. .... 30 Transfer receipts to Treasury Adjustment Miscellaneous .. .. .. .. .. 569 Account .. .. .. .. •• 6,575 Sale of obsolete and surplus stores .. 5 .. Transfer receipts to Public Works Fund Recoveries on account of expenditure of Account .. .. .. 96 previous years .. .. 91 Transfer of expenditure to Treasury Adjustment Account .. .. .. .. 3,413 Transfer of expenditure to Public Works Fund Account .. .. .. .. 7 £103 £10,026 £103 £10,026 Treasury Adjustment Account for the Year ended 31st March, 1942. Dr. £ s. d. Cr. £ s. d. Receipts credited to Consolidated Fund .. 6,575 9 2 Balance, Ist April, 1941 .. .. .. 365,950 11 0 Transfer— Transfer — Hauraki Plains Settlement Account .. .. 25 19 3 Rangitaiki Land Drainage Account .. .. 10 8 10 Vote " Lands and Survey Account " .. 218 11 7 Vote " Lands and Survey Account " .. 248 15 0 Vote " Public Buildings" .. .. .. 41 2 9 Public Works Department .. . . . . 41 2 9 Rangitaiki Land Drainage Account .. .. 448 1 0 Expenditure from vote " Lands and Survey: Balance, 31st March, 1942 .. .. .. 371,528 10 2 Maintenance and Administration" .. .. 3,412 10 9 Interest on Public Works Fund : Capital .. 9,174 5 7 £378,837 13 11 £378,837 13 11

30

B.—l [PT. TVI

SWAMP LAND DRAINAGE SCHEMES—continued. Balance-sheet as at 31st March, 1942. Liabilities. Assets. Capital Account— £ £ Kaitaia Drainage Area — £ £ Public Works Fund .. .. .. 498,380 Allocated cost of work on which rates are Less Loans Redemption Account .. 53 levied— 498,327 Rural Subdivision .. .. CO,OOO Reserve: Repaymont of capital costs— Town Subdivision .. .. .. 8,200 Kaitaia Drainage Area— £ gg 200 Rural Subdivision .. .. 4,662 Excess cost of works not recoverable .. 164,165 Town Subdivision .. .. 637 Interest Account: Amount chargeable to 5,299 area and capitalized to 31st March, 1940 108,958 Waihi Drainage Area— £ 333 J23 Pukchina Subdivision .. 444 Waihi Drainage Area— Less capital liability remitted 167 Allocated cost of work 011 which rates are 277 levied— Kaikokopu Subdivision .. 678 Pukehina Subdivision .. .. 5,000 955 Kaikokopu Subdivision .. .. 7,500 Poukawa Drainage Area .. 1,319 Central Subdivision .. .. .. 46,321 Less capital liability remitted 289 L. gg §21 1,030 Excess cost of works not recoverable .. 28,656 7,284 Interest Account; Amount chargeable to Rate Accounts'— area and capitalized to 31st March, 1940 48,576 Special Rate Accounts : Capital— 77 232 Kaitaia Drainage Area— Poukawa Drainage Area— Rural Subdivision .. .. 2,450 Drainage works .. .. .. 17,494 Town Subdivision .. .. 154 Interest Account: Amount chargeable to 2,604 area .. .. .. .. 1,472 Waihi Drainage Area — jg ggg Kaikokopu Subdivision .. 340 Hikurangi Drainage Area — Pukehina Subdivision .. 520 Drainage works .. .. 259,543 860 Less amount written off .. .. 184,388 Poukawa Drainagb Area .. .. 483 3,947 75,155 General Rate Accounts : Maintenance— Interest Account: Amount chargeable to Kaitaia Drainage Area— area and capitalized to 31st March, 1940 163,068 Rural Subdivision .. .. 2,485 238 223 Town Subdivision .. . . 205 Mangawai Drainage Area — 2,690 Drainage works .. .. .. 1,878 Waihi Drainage Area — Interest Account: Amount charged to works Pukehina Subdivision .. .. 1,132 to 31st March, 1939 .. .. 1,606 Central Subdivision .. .. 758 Kaikokopu Subdivision .. 306 3,484 2,196 Less amount written off .. 3,484 Poukawa Drainage Area .. .. .. 781 5,667 Harihari Drainage Area — Sundry creditors . . .. .. .. .. 120 Drainage works .. '.. .. 4,355 Rents charged in advance .. .. .. .. 98 Interest Account: Amount chargeable to Payments in advance : Rates .. .. .. 1.0 area and capitalized to 31st March, 1940.. 3,429 Buildings Suspense .. .. .. .. 207 7 7g4 Drainage Works Suspense .. .. .. .. 705 Unpaid purchase-money on land sold on deferred payment 705 Writings off in Suspense .. .. .. .. 148 Buildings .. .. .. .. .. 1 303 Treasury Adjustment Account .. .. .. 371,529 Buildings: Loading .. .. .. .. '207 Plant and machinery .. .. .. .. 2,615 Loose tools .. .. .. .. .. 77 Stores on hand .. . . .. .. , . 1 549 Motor-vehicles .. .. .. .. .. g7 Sundry debtors for rates— Drainage Area. Capital Maintenanee. £ £ Kaitaia .. .. .. 26,677 11,753 38,430 Waihi .. .. .. 2,823 2,061 4,884 Poukawa .. .. .. 1,896 383 2,279 Sundry debtors— Rent under section 4 (2), Swamp Land Drainage Amendment Act, 1926 .. 101 Law-costs .. .. .. .. 1,268 Departmental .. .. .. .. 214 1,583 Revene Account—Waihi Drainage Area : Central Subdivision .. .. .. .. .. 18,398 General Revenue Account .. .. .. 13,093 Losses in Suspense .. .. .. ~ 14g Interest accrued but not due .. .. .. 10 Cash in transit from post-office .. .. .. 325 £888,042 £888,042 Note. —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 011 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 [Pt. IV], The following comment is appended : No adjustment has been made in the accounts to provide for an anticipated heavy loss arising out of remissions of unpaid rates. Cyril G. Collins, Controller and Auditor-General.

31

8.--1 [PT. IV]

TARANAKI MAORI TRUST BOARD Receipts and Payments for the Year ended 31st March, 1942 Receipts Payments Balance — £ £ Grants — £ £ In bank as at Ist April, 1941 .. .. 2,952 Marae renovation .. .. .. 541 In hand (petty cash) as at Ist April, 1941 .. 5 Marae, miscellaneous .. ... .. 110 Withdrawal of fixed deposit .. .. 000 District . . .. .. . . 504 Withdrawal of interest .. .. .. 14 Special: Maori Battalion .. .. .. lfiO 3,571 Education .. .. .. .. 200 Compensation grant .. .. .. .. 5,000 1,515 District grants : Refund . . .. .. .. 50 Administration of the Board— Rent and lighting .. .. . . .. .. 75 Members' allowance and expenses .. 100 Office refund . . .. .. .. .. 12 Secretary's salary .. .. .. 278 Countersigning officer : Honorarium . . 10 Office .. .. .. .. .. 189 577 Balance .. .. .. .. .. .. 6,616 £8,708 £8,708 Reconciliation with Bank Pass-book £ Balance as per pass-book at 31st March, 1942 .. .. .. 1,717 Less cheques outstanding .. .. ~ .. •. 101 1,616 Add compensation grant .. .. .. .. .. 5, 000 Agrees with balance as per cash-book .. .. .. £6,616 Income and Expenditure for the Year ended 31st March, 1942 Expenditure Grants — £ £ Income £ Marae renovation .. .. .. 1,703 Compensation grant .. .. .. .. 5,000 Marae, miscellaneous .. .. .. 100 Rent .. .. .. .. . . .. 75 Special: Maori Battalion .. . . . . 160 Balance : Expenditure over income .. .. . . 99 District.. . . . . .. .. 275 Health: Mobile X-ray unit .. .. 2,200 Education . . . . . . . . 153 4,591 Administration of the Board.. .. .. 387 Office .. .. .. .. .. 196 583 £5,174 £5,174 t Balance-sheet as at 31st March, 1942 Liabilities £ £ ' Assets £ £ Grants — Compensation grant outstanding— Marae renovation .. .. .. 2,535 Balance as at 31st March, 1941 .. 3,000 Marae, miscellaneous .. .. .. 216 Grant due, 1941-42 .. .. .. 5,000 District .. .. .. .. 174 Health .. .. .. .. 2,400 8,000 Reserves .. .. .. 1,119 Less payment during the year .. .. 5,000 Office renovation .. .. 200 3,000 6,644 Furniture and fittings . . .. .. .. 95 * Appropriation Account — Land and building .. .. .. .. 1,488 Balance as at 31st March, 1941 .. .. 6,654 Sundry debtors .. .. .. .. .. 284 Less — £ Office: Payment in advance .. .. .. 5 Office renovation .. .. 200 Cash balances — General reserve .. .. 500 In bank on current account .. .. 6,616 Audit, 1940-41 .. .. 11 War Loan: Duration of war and six months after 1,000 Expenditure over income .. 99 7,616 810 5,844 £12,488 £12,488 The Audit Office, having examined the Balance-sheet and accompanying accounts required by law to be audited, hereby certifies them to be correct, subject to the following comment: As Parliament has not provided in the appropriations for the payment of the compensation grant of £3,000, the item " Compensation grant outstanding, £3,000," should not be shown in the Balance-sheet as an asset of the Board. —Cyril G, Collins, Controller and Auditor-General.

32

B.—l [Pt. IV]

TUWIIARETOA TRUST BOARD Receipts and Payments Account for the Year ended 31st March, 1942 Receipts £ £ n ffi'SSK*-- 1 MMAWM »3 .. m apy"* 1 - " " S Post Office Savings-bank credit .. Fines and penalties.. !" 4 Petty cash on hand .. .. jj Bank credit, 31st March, 1942 .. .. 61 ° TndigTnt Natives .. "7 185 Outstanding cheques 052 Medical .. .. ] ] " Maraes .. .. t , _ _ 324 ~ , , ~ . . 553 Educational .. .. q 111 Outstanding lodgment 10 Dentai (schools) clinics .. .! ]99 Miscellaneous .. .. .. _ _ 424 Less Post Office Savings-bank credit .. 8 Members 2,139 — 535 Allowances .. , Travelling-expenses .. .. .. yy — 147 Office expenses-— Printing, &c. .. .. ~ , _ 17 Secretary's salary .. .. J3O 147 Petty cash expended .. ~ , _ g Sundry unclassified expenses. . .. .. '' 44 Debenture interest .. . . ~ I 2q Bonds Account .. . . .. , _ 500 Deposits, Native Trustee . . .. . .. 1 500 National savings deposit . . .. .. *200 i ree-of-intercst loan, New Zealand Government .. 250 Advances .. .. .. .. gg 5 : 33(i £5,336 Income and Expenditure Account for the Year ended 31st March, 1942 Expenditure Tm _ p r o n + a _ ■ Income £ Indigent* Natives' *5 £ " '»« E: :: :: :: ;; %% Finesand ■■ :: :: 4 Educational .. .. .. 890 Dental (schools) clinics .. . . .. 98 Miscellaneous .. .. .. ~ 4] 4 „ , 2,118 Mem hers— • Allowances . . . . .. 87 Travelling-expenses .. .. ~ go n«: — 147 umce expenses— Renrt . . .. , . ~ _ 15 Secretary's salary .. .. .. ]30 Printing, &c. . . .. .. ~ 17 ■> '62 Petty cash expended ........ 9 Sundry unclassified expenditure . . . . . . 44 Depreciation Assets Reserve. . .. .. .. 4 Debenture interest .. . . .. 120 „ , 2.604 balance carried down .. .. ~ 510 £3 ' 114 , £3,114 £ Balance carried down 16>798 Balance brought down f g lo Balance brought forward .. .. .. .15 '>88 Balance-sheet as at 31st March, 1942 Liabilities £ Aswti c Reserve for depreciation g 8 Taupo property .. 7 nn Tongariro Timber-owners claims, &c. .. .. 1,500 Office furniture " " " ~ Sundry creditors- £ . Office appliances .. H Native accounts .. .. .. 14 Post Office Savings-bank .. I Maori Council Account 18 _ Native Trustee Deposit Account .. 3(14 6 d i f -\t r, i , ''2 Tongariro Timber-owners'claims .. .. 2 000 >f New Zealand .. .. .. 543 Ngati Tuwhautoa compensation claim • Principal I '074 Excess income over expenditure .. .. ..15,798 Barclay, G, . principal .. 1,074 Sundry debtors for advances .. .. 4 452 Jones Estate : Native debtors accounts taken over .. 5,838 Loan to New Zealand Government free of interest .. 750 National Savings Account . . .. . . 200 £17,931 Werihe te Tuiri, Deputy Chairman. P. Alfred Grace, Secretary. I he Audit Office, having examined the balance-sheet and accompanying accounts required by law to be audited hereby certifies them to be correct.--J, P. Rutherford, Deputy Controller and Auditor-General.

33

B—l [PT. IV]

WESTPORT HARBOUR ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1942. Expenditure. £ Income. £ Dredging .. .. .. ■■ •• 28,947 Special coal rate .. .. .. .. •• 24,371, Harbour-maintenance .. .. .. •• 3,398 Endowment revenue .. .. .. ..15,865 Breakwater-protective works .. .. .. 3,015 Port dues .. .. .. .. •• 3,5-0 Working-expenses of tug and launch .. .. .. 87 Sale of stores, &c. .. .. •• •• •• -1.409 Office administration (local) .. .. .. .. 1,182 Hire of plant .. .. •• •• •• Endowments: Administration expenses .. .. 463 Rent .. .. .. • • • • • • Audit fees.. . . • • • • • • • • 65 Use of transmission line .. .. .. • • 3d Telephone services .. .. .. .. • • 104 Launch-hire .. . . . • ■ • • ■ 15 Compensation for accidents .. .. .. .. 234 Supervision of explosives magazine .. .. .. 75 Travelling-expenses .. .. .. •• 99 Balance carried down .. .. .. .. It,ZZ4 Head Office administration .. .. .. • • 600 Depreciation — £ Buildings .. .. • • • • 139 Dredge wharf, &c. .. .. .. 137 Dredges, launches, &c. .. .. .. 2,145 2,421 Interest on loan .. .. .. •. .. 17,360 £57,975 £57,975 ~~jT Balance brought down .. .. .. 12,224 Excess expenditure over income carried down .. .. 18,694 Transfer to Sinking Eund .. .. .. .. 6,470 £18,694 £18,694 Excess expenditure over income, 31st March, 1942, brought £ down .. .. .. •• 18,694 Balance carried down .. .. .. •• 65,062 Balance, 31st March, 1941 .. .. .. •• 46,368 £65,062 £65,062 Note. —No charge for the cost of exchange on payments made in London is included in the account. Receipts and Payments Account for the Year ended 31st March, 1942. Receipts. £ s. d. Payments. £ s. d. Marine Revenue: Westport Harbour receipts .. 45,153 14 8 Refunds of revenue .. .. .. ■■ 10 ,j 3 Final charges : Adjustments .. .. .. 170 2 3 Westport Harbour payments .. .. .. 35,771 19 6 Credits-in-aid (gross) .. .. .. 68 1 6 Pinal charges: Adjustments .. .. .. 170 Z 3 Balance carried down .. .. 9,43J 1 5 £45,391 18 5 £45,391 18 5 Treasury Adjustment Account for the Year ended 31st March, 1942. Dr. £ s. d. Cr. £ s - d - Balance brought down .. .. .. 9,439 1 5 Administration charges : Head Office .. .. o 600 0 0 Balance carried down .. .. •• 8,83J I o £9,439 1 5 £9,439 1 5 £ s. d. Balance brought down .. .. .. 8,839 1 5 Balance, Ist April, 1941 .. .. .. 84,119 14 2 Balance carried down .. .. .. 95,876 4 9 Interest on capital .. .. .. •• 17,d0U II ll Sinking Fund contribution .. .. •• A, too u I £104,715 6 2 £104,715 6 2 £ s. d. Balance .. .. .. •• •• 95,876 4 9 Balance-sheet as at 31st March, 1942. Liabilities. Assets. Loan capital— £ Endowment lands— £ £ New Zealand Loans Act, 1932 — Leased.. .. .. .. •• 35,6b9 3-per-cent. stock .. .. .. .. 237,559 Unleased .. .. .. 23,61-4-per-cent. debentures .. .. .. .. 6,412 59,-481 5-per-cent. debentures .. .. .. .. 117,353 Breakwaters .. .. .. . . "344,333 Westport Harbour Act, 1920: 5-per-cent. debentures .. 8,251 Training-walls .. .. .. Protective works and relief channel . . . . • • 17,385 369,575 Limestone quarry . . .. .. •• •• 128 Finance Act, 1932, section 16 .. .. .. 92,421 Gridiron.. .. .. .. •• 1.274 Dredge wharf .. .. . . • • • • 807 461,996 Martin's Island .. .. .. .. •• 700 Endowment capital .. .. .. .. 59,281 Harbour buildings.. .. .. • • 1.787 Sinking Fund Reserve .. .. .. .. 263,293 Dredges, tug " Mana," plant, &c. .. .. .. 7,188 Writing-off, Reserve Account .. .. .. 98 Cape Foulwind Railway .. .. . . 8,-51 Payments in advance .. . . .. . . 547 Office furniture and fittings.. . . .. • • 28 Creditors— £ Stock and stofes .. .. .. . . •• £.347 Accrued Sinking Fund .. .. 3,235 Breakwater Repairs Suspense Account .. .. 5,670 Accrued interest .. . . .. 1,133 Debtors — £ Departmental . . .. . . .. 474 Accrued Revenue .. .. .. 229 Sundrv ■■ ■■ •• 1,762 Departmental .. .. .. 115 6,604 Sundry .. .. .. •• 3,686 Treasury Adjustment Account .. .. 95,876 oco'ooq Sinking fund investments .. .. .. •• J63,/9d Writing-off, Suspense Account .. . • • • 98 Excess of expenditure over income .. .. •• 65,062 £887,695 £887,695 L. B. Campbell, Secretary, Marine Department. 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.

Approximate Cost of Paper.—Preparation, not given; printing (546 copies), £75.

Authority: E. V. Paul, Government Printer, Wellington. —1943.

Price Is.]

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