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Trading Account. £ s. d. I' s. d. To Gum on hand, Ist April, 1924 .. 33,663 14 10 By Gum oil hand, 31st March, 1925 .. 54,033 12 II Purchases of gum .. .. 11,096 18 0 Sales of gum .. .. .. .15,335 1!) 1 Wages .. .. .. .. 1,811 17 0 Freights inward .. .. .. 993 10 9 Gross profit carried down .. .. 2,403 11 5 £69,969 12 0 £69,969 12 0 Profit and Loss Account. £ s. d. I £ s. d. Freight outward .. .. .. 1,358 9 6 i Gross profit from Trading Account .. 2,403 11 5 General expenses .. .. .. 138 5 5 Profit from sales of stores, &c. .. 170 II II Cables, &c. .. .. .. 49 14 11 Balance carried down .. .. 4,075 13 I Sacks, cases, &c. .. .. .. 592 8 3 Fire insurance . . .. .. 133 10 10 Printing and stationery .. .. 32 010 Depreciation .. .. .. 58 12 6 Salaries .. .. .. .. 569 14 9 Travelling-expenses .. .. 17 5 11 Rent .. .. .. . . 300 0 0 Interest on debentures .. .. 3,266 0 7 Sinking fund .. .. . 133 12 11 £6,649 16 5 i £6,649 16 5 £ s. d. £ s. d. Balance from previous years .. 6,475 18 3 I Balance at 31st March, 1925 .. 11,035 12 3 Sinking fund provided in previous years .. .. .. .. 484 0 11 Balance carried down .. . . 4,075 13 1 £11,035 12 3 £11,035 12 3 Balance-sheet as at 31st March, 1925. Liabilities. £ s. d. Assets. £ s. d. Loan Account —Debentures issued .. 75,000 0 0 Land at face-works and elsewhere, with Crown Lands Account .. .. 500 0 0 buildings, fences, and improvements.. 5,085 10 0 Sundry creditors, for supplies .. .. 557 10 10 Vacuum-tank, fittings, and plant, and Sundry creditors, for gum purchases .. 280 5 2 royalties, short workings .. .. 2,900 610 Interest on debentures .. .. 1,345 17 10 Plant and store fittings .. .. 191 18 4 Sinking Fund Reserve Account .. 617 13 10 Tools, Auckland and depots . . .. 35 18 4 Live and dead stock .. .. . . 42 16 9 Furniture and office fittings . . . . 91 14 5 Sacks, gum-cases, &c. .. . . 283 10 6 Charges paid in advance . . .. 101 9 10 Gum on hand . . . . 54,633 12 11 Gum on consignment . . . . 782 17 2 Sundry debtors—Miscellaneous . . 64 2 8 Sinking Fund Reserve .. .. 617 13 10 Profit and Loss Account .. .. 11,035 12 3 Cash in Public Account at 31st March, 1925 .. .. .. .. 2,434 13 10 £78.301 7 8 £78,301 7 8 H. J. Lowe, Kauri-gum Superintendent.

Approximate Cost of Paper.—•Preparation, not given; printing (775 copies), £8 12s. (3d.

Authority : W. A. G. Skinner, Government Printer, Wellington.- 1925.

Price 6d.]