B—l [PT. IV].

36

IMMIGRATION DEPARTMENT—continued. Balance-sheet as at 31st March, 1925. Liabilities. £ s d. £ s. d. Assets. Capital .. . . . . .. 055 7 2 National Development Account — £ s. d. £ s. d. Passage-money held On behalf 22,505 19 0 Excess of expenditure over of immigrants .. .. income, 1924-25 . . .. 134,208 2 3 Cable fees held on behalf of immi- Additional ascertained expengrants .. .. .. 17 10 0 diture on account of passage - 22,523 9 0 money deposited, 1913-22 % 5,278 11 4 Imperial Government loans (passage-money) to 139,486 13 7 New Zealand Government .. .. 3,031 0 0 Furniture and fittings .. .. .. 710 19 10 Imperial Government loans to immigrants re- Furniture and fittings (Suspense Account) . . 8 0 0 covered but not paid .. .. .. 778 310 Stationery on hand .. .. .. 112112 Imperial Government contributions (passage- Loans of passage-money to immigrants .. 1,701 6 0 money) recovered but not paid .. .. 094 6 8 Emigrant's deposits (cash credits) .. .. 4,921 11 1 Imperial Government contributions (passage- Remittances to immigrants (cash credits) .. 489 10 0 money) recovered (Suspense Account) .. 86 15 0 Sundry debtors .. .. .. .. 3,834 7 5 Recoveries on behalf of Commonwealth Migration Official stamps .. .. .. .. 1174 Department (Australia) .. .. .. 910 0 Amount deposited for payment to Matron, &c... 5 0 0 Emigrants' deposits (amount deposited with High Commissioner for repayment in New Zealand) 4,921 11 1 Remittances to immigrants (amounts deposited in New Zealand for payment to immigrants in England) .. .. .. .. 489 10 0 Sundry creditors (outstanding expenses) .. 741 5 11 Depreciation Reserve .. .. .. 193 1 7 Bad Debts Reserve .. .. .. 50 0 0 Writings-off in Suspense Account .. .. 8 0 0 Treasury Adjustment Account .. .. 116,489 6 2 £151,276 6 5 £151,276 6 5 Immigration Department, Wellington, 16th October, 1925. H. D. Thomson, Under-Secretary. I hereby certify that the Statement of Receipts and Payments, Income and Expenditure Account, and Balancesheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental note. —G. F. C. Campbell, Controller and Auditor-General.