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STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1920. Receipts and Payments Account. Ilea.i'pis. £ s. d. Payments. £ s. d. Cash in hand, Ist April, 1919 .. .. 3,291 18 5 Wages and bonuses to workmen, overSales of kauri-gum .. .. .. 44,490 4 3 seers, and gum-buyers .. .. 2,449 18 1 Debentures raised .. .. .. 6,000 0 0 Plant, machinery, stores, &c. .. .. 1,919 12 8 Final payments to gum-diggers and purchases of kauri-gum .. .. 23,743 15 7 Freights, &c. .. .. .. 5,962 17 8 General and office expenses, administration, &c. .. .. .. .. 1,402 1 4 Interest on debentures .. .. 1,987 6 10 ! Cash in hand, 31sl March, 1920 .. 10,322 10 6 £53,788 2 8 j £53,788 2 8 Loan Account. (Authority under Section 4 of the Kauri-gum Industry Amendment Act. 1914, £75,000.) 1920. £ s. d. 1919. £ s. d. March 31. To Balance forward .. 53,000 0 0 April 1. By Debentures issued under the Kauri-gum Industry 1920. Amendment Act, 1914 .. 47,000 0 0 March 31. Debentures issued during year .. .. .. 0,000 0 0 £53,000 0 0 £53,000 0 0 Trading Account. £ s. d. ! £ s. d. To Gum on hand, Ist April, 1919 .. 20,742 17 3 By Gum on hand, 31st March, 1920 .. 20,981 3 5 Purchases of gum .. .. 23,871 6 8 Sales of gum .. .. .. 43,995 17 7 Wages .. .. .. .. 2,404 14 0 Interest, exchange, &c. .. .. 48 0 3 Freights .. .. .. .. 1,572 2 5 Balanoe, being gross profit to Profit 10,374 0 II and Loss Account —■—• ■ —•—■—■ ■ —■ —' — £05,025 1 3 £65,025 1 3 Profit and. Loss Account. £ s. d. £ s. d. 'to Freights (general) outward .. 6,272 19 1 By Trading Account .. .. .. 16,374 011 General expenses .. .. .. 195 4 0 Cables, &c. .. .. . . 82 7 4 Consumable supplies, vacuum tank .. 49 1 8 Sacks .. .. .. ... 481 15 4 Gum-cases ■■ -. .. 1,081 3 6 Fire, insurance .. .. .. 156 7 3 Marine insurance .. . ■ . ■ 50 12 2 Printing and stationery .. .. 25 14 0 Travelling-expenses . . . . 19 15 10 Kent .. . . . . .. 300 0 0 • Consumable stores (general) .. 50 19 0 Salaries .. .. .. .. 665 12 6 Depreciation .. .. .. 255 12 6 Sundries .. .. .. 0 10 11 Balance carried down .. .. 6,086 510 £16,374 0 II £16,374 0 11 To Balance on Ist April, 1920 .. .. 15,305 14 9 By Balance brought down .. .. 6,686 510 Interest on loan debentures .. 2,087 (i 10 Balance as per balance-sheet .. 10,706 15 9 £17,393 1 7 £17,393 1 7 Balance-sheet. Liabilities. £ s. d. i Assets. £ s. d. Loan Account Debentures issued under Land at face works and elsewhere, with Kauri-gum Industry Act, 1914 .. 53,000 0 0 buildings, fences, and improvements .. 5,330 18 3 Crown Lands Account .. .. 500 0 0 Vacuum tank .. .. .. 1,500 6 10 Sundry creditors .. .. .. 4,143 4 2 Plant and store fittings .. .. 360 7 2 Interest on debentures .. .. 883 6 8 Tools, Auckland and face works .. 161 14 10 Live and dead stock .. .. .. 52 14 0 Furniture and office fittings .. .. 52 5 2 Timber .. .. .. .. 20 7 6 Sacks, cases and consumable stores .. 483 10 0 Sundry debtors .. .. .. 121 16 6 Ins urancc paid in advance . • ■. 66 10 0 Gum on hand .. .. .. 20,981 3 5 Gum on consignment .. .. 2,358 111 Suspense Account .. .. .. 7 9 0 Cash in hand .. .. .. 16,322 10 6 Profit and Loss Account .. .. 10,706 15 9 £58,526 10 10 £58,526 10 10 R. P. Greville, Kauri-gum Superintendent. Examined and found correct. Robert J. Collins, Controller and Auditor-General.

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