B.—l [Pt. IV].

PUBLIC WORKS DEPARTMENT—continued. TIMBER-SUPPLY AND SAWMILLS (PUBLIC WORKS FUND).—WHATORO SAWMILL. Trading and Profit and Loss Account from Date of commencing Operations on 17th December, 1920, to 31st March, 1924. Trading Account. l)r. £ 8. d. Or. £ s. d. .£ s. d. To Milling .. .. .. .. 5,412 11 1 By Transfer to GovernOperating stores and supplies . . 4,973 J9 10 ?nent works .. 40,292 15 5 Logging and royalties .. .. 17,041 19 5 Cash sales .. .. 2,347 1 3 Timber purchased and delivered .. 17,(595 13 8 48,639 10 8 45,124 4 0 Value of stock of timber on band .. 10,763 10 10 Gross profit, to Profit and Loss Account 20,279 9 6 £65,403 13 6 £65,403 13 6 Profit and Loss Account. I)r, £ s. d. Cr. £ s. d. To Salaries .. .. .. .. 1,877 911 By Gross profit from Trading Account .. 20,279 9 6 Tre-velling-expenses .. •• 588 18 11 Interest on capital .. .. 2,973 17 10 Depreciation on plant, buildings, tramlines, &c. .. .. . 6,242 5 2 Net profit carried down .. •• 8.596 17 8 £20,279 9 6 £20,279 9 6 To Fire losses. £s. d. £ s. d. £ s. d. Milling .. .. 4,111 15 4 By Net profit brought down .. .. 8,590 17 8 Operating stores and supplies .. .. 535 16 11 4,647 12 3 Balance after providing for interest on capital and replacement of losses byfire .. .. .. .. 3,949 5 5 £8,596 17 8 | £8,596 17 8 Balance-sheet as at 31st March, 1924. Liabilities. Assets. Head Office- £ s. d. £ s. tt. Value of plant, &c., after £ s. d. £ s. d. For capital advances 28,751 1 0 providing for depreeiaFor interest accrued .. 2,973 17 10 tion and writing-off as 31,724 18 10 per Profit and Loss Sundry creditors .. .. .. 865 6 11 Account-— Accumulated profit .. .. .. 3,949 5 5 Engines, haulers, boilers, Writings-off Suspense Account.. .. 4,647 12 3 planers, and tools .. 2,052 8 1 Wire ropes, wheels, belting, rails, shafting, &c. 1,133 15 7 Benches .. .. 1,496 5 0 Mill buildings .. .. 1,224 9 4 Huts and offices .. 605 16 5 Telephone-line and watersupply .. .. 90 4 4 Tram-lines .. .. 287 15 10 — 6,890 14 7 Fire Loss Suspense Account .. .. 4,647 12 3 Value of operating stores on hand .. 778 18 5 Value of stock of timber on hand .. 16,763 16 10 £ s. d. Debtors for timber sales .. 12,057 11 4 Sundry debtors .. 48 10 0 12,106 1 4 £41,187 3 5 £41,187 3 5

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