7

H.—25

2. Special Fund Account, Harbour-works Loan. Receipts. £ s. d. Expenditure. £ s. d. Balance, 31st December, 1893 .. .. 5,536 16 3 Maintenance, machinery .. .. 15 19 5 Sale of material .. .. .. 6 19 0 Harbour Improvement Account— Sellar, Contract No. 1/93, extension of western groin .. .. .. 4,825 0 0 Sellar, extras .. .. .. 30 0 0 Drummond, enginner .. .. 53 0 0 Druromond, engineer, surveys and labour 21 4 0 i Balance, 31st December, 1894 .. .. 598 11 10 £5,543 15 3 £5,543 15 3

Contractors' Deposits. £ s. d. £ s. d. Balance, Union Bank of Australia, 31st Decern- Amount refunded to J. Sellar .. .. 50 0 0 ber, 1893 .. .. .. .. 50 0 0 Balance, 31st December, 1894 .. .. 40 0 0 Amount received from J. Sellar, deposit on Contract No. 2/94 .. .. .. 20 0 0 Amount received from Humphreys and Davys, deposit on Contract No. 3/94 .. .. 20 0 0 £90 0 0 £90 0 0

Statement of Assets and Liabilities of the Boaed on the 31st December, 1894. Assets. £ s. d. Liabilities. £ s. d. Actual — Interest accruing due on loan of £200,000 1,666 13 4 Money in bank on Current Account .. 1,940 15 0 Balance of sum advanced from Loan AcMoney in bank, Contractors' Deposit count, section 5, "Gisborne Harbour Act, Account .. .. .. .. 40 0 0 1887" .. .. .. .. 8,667 5 4 Money in Treasurer's hands .. .. 7 6 11 Contract for Waikanae, Return No. 2/93.. 765 0 0 Interest at Cr., Loan Income Account, in Amount of deposit on same .. .. 20 0 0 hands of Fublic Trustee .. .. 2,674 1 9 Contract for building punt for dredging, Outstanding rates, 1894 .. .. 282 9 6 No. 3/93 .. .. .. .. 225 0 0 1893 .. .. 170 16 9 Amount of deposit on same .. .. 20 0 0 „ previous years .. 184 2 3 Unpresented cheque .. .. .. 211 3 Outstanding rent, Tauwhareparae and ' foreshore .. .. .. 76 4 1 11,366 9 11 Outstanding wharfage dues, 31st December, 1894 .. .. .. .. 247 1 2 Amount in hands of Bublic Trustee under section 7 of " The Gisborne Harbour Act, 1888," invested in Treasury bills at 4J per cent, and 4 per cent. .. .. .. .. 59,165 14 2 Instalment of overdraft .. .. 2,166 16 4 Sinking Fund invested— Mortgages .. .. .. 10,730 0 0 Government securities .. .. 834 0 0 Realty (estimated) .. .. .. 625 0 0 Uninvested .. .. .. .. 348 15 2 Sinking Fund Reserve Fund, mortgages 25,000 0 0 Estimated — . Value of wharves .. .. .. 1,700 0 0 Store .. ... .. .. 200 0 0 Debentures, £200,000 loan, at 5 per cent., Offices and furniture.. ... .. 200 0 0 due Ist November, 1915 .. .. 200,000 0 0 Searching-shed .1 .. .. 100 0 0 Weighbridge and house .. .. 100 0 0 Filot house and plant .. .. 330 0 0 Works and plant .. .. .. 81,235 0 0 Material in hand .. .. .. 5,000 0 0 Endowments — Tauwhareparae, 44,150 acres .. 6,300 0 0 Foreshore (about), 206 acres .. 350 0 0 £200.008 3 1 £211,366 9 11 James Wm. Witty, Treasurer. Examined and found correct.—James Edwaed FitzGeeald, Controller and Auditor-General. This statement of accounts was adopted at an adjourned special meeting of the Board, held on Thursday, 25th April, 1895. —John Townley, Chairman.