B.—l l Pt. IY].

NAURU AND OCEAN ISLANDS ACCOUNTS. Revenue Account for the Yeab ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Purchase of phosphate .. .. 18,25115 4By Sales of phosphate .. .. 34,(578 7 0 Freight on phosphate .. .. 15,498 1 7 Brokerage .. .. .. 115 2 3 Sundry expenses, chiefly on phosphates 1,270 1 8 Balance .. .. .. .. 226 9 4 £35,019 18 7 £35,019 18 7 £ s. d. £ s. d. To Balance .. .. .. 226 9 4 By Annual paymerft from British PhosAdministration charges .. .. 375 0 0 phate Commission .. .. 35,849 1 1 Interest on debentures .. .. 30,082 4 4 Interest on sundry investments .. 1,102 6 0 Balance .. .. .. .. 6,687 10 0 Interest on sundries .. .. 419 16 7 £37,371 3 8 i £37,371 3 8 ===== | == ; Appropriation Account for the Year ended 31st March, 1924. Dr. £ s. d. Cr. £ s. d. £ s. d. To Sinking Fund Reserve Account .. 18,619 13 2By Balance, Ist April, 1923 — Balance .. .. .. .. 5,642 4 6 Trading profits .. ~. 2,888 13 9 Interest Account .. 14,685 13 11 17,574 7 8 Revenue Account .. .. 6,687 10 0 £24,261 17 8 £24,261 17 8 Capital Receipts and Payments Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Balance, Ist April, 1923 .. .. £34,960 00, By Balance, 31st March, 1924 .. .. £34,900 0 0 Balance-sheet as at 31st March, 1924. Liabilities. £s. d. Assets. £s. d. Capital—Debentures 1 to 12, issued Ist Share (16 per cent.) Nauru and Ocean December, 1920, under Finance Act, Islands phosphate rights .. .. 565,040 0 0 1920, maturing Ist December, 1925. Investment Account .. .. .. 40,000 0 0 Interest 5 per cent., payable Ist June Proportion of annual payment from and Ist December .. .. .. 600,000 0 0 British Phosphate Commission accrued Interest, accrued .. .. .. 9,945 4 4 but not due .. .. .. 27,724 19 10 Sundry creditors (Government Depart- Sinking fund— £s. d. ments) .. .. .. .. 722 8 2 Investments .. .. 7,170 0 0 Sinking Fund Reserve Account .. 24,436 11 10 Cash in Public Account 57 5 5 Appropriation Account .. .. 5,642 4 6 7,227 5 5 Cash in Public Account .. .. 754 3 7 £640,746 8 10 £640,746 8 10 17th March, 1925. A. R. Stone, for Director-General of Agriculture. 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. —J. H. Fowler, Deputy Controller and Auditor-General.

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