B.—l [PT. IV, SUP.].

AUDIT DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 42,150 18 11 By Audit fees .. .. .. .. 22,758 16 1 Advertising, books and publications.. .. 90 11 1 Excess of expenditure over income .. .. 28,250 13 5 Allowances to Audit Officers, London .. 216 13 6 Allowances under Public Service Regulation 209 40 0 0 Law-costs . . .. .. .. 3 5 5 Office fittings and requisites . . .. 86 7 4 Postages, telegrams, and rent of boxes .. 229 10 2 Rent .. .. .. .. .. 1,408 2 6 Telephone services .. .. .. 154 5 8 Pay of non-permanents .. .. .. 1,301 9 9 Travelling-expenses .. .. .. 4,120 17 3 Audit fees written off .. .. .. 2 2 0 Contingencies .. .. .. .. 18 12 8 Depreciation . . .. .. .. 195 14 5 Printing and stationery .. . . .. 365 3 2 Transfer and removal expenses .. .. 430 16 4 Overtime and meal allowance .. .. 194 19 4 £51,009 9 6 £51,009 9 6 £ s. d. £ s. d. To Balance .. .. .. .. .. 28,250 13 5 By excess of expenditure over income .. .. 28,372 15 4 Interest on capital .. .. .. 122 1 11 £28,372 15 4 £28,372 15 4 Note.—The following charges are included for which the Department possesses no parliamentary appropriation: (a) Rental value as assessed by Public Works Department; (6) interest at 4J per cent, on capital as at Ist April, 1926. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 2,713 0 4 Furniture and fittings .. .. .. 1,797 10 9 Treasury Adjustment Account .. .. 29,232 8 0 Mechanical appliances .. .. .. 268 16 9 Sundry creditors .. .. .. .. 371 12 2 Books .. .. .. .. .. 793 0 1 Fees paid in advance.. .. .. .. 27 10 0 Sundry debtors .. .. .. .. 1,855 13 7 Depreciation Reserve .. .. .. 917 1 0 Stamps . . .. .. .. .. 49 10 9 Writings-ofi Suspense Account .. .. 2 2 0 Stationery .. .. .. .. .. 126 6 3 Excess of expenditure over income .. .. 28,372 15 4 £33,263 13 6 £33,263 13 6 J. H. Fowler, Chief Clerk. I hereby certify that the Income and Expenditure 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, subject to the above departmental note. —G. E. C. Campbell, Controller and Auditor-General. BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account por the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ s. d. To Interest on consolidated stock .. .. 32,500 0 0 By Dividends received and declared for the year.. 232,128 18 1 Management charges on consolidated stock . . 262 10 0 Balance .. .. .. .. 199,366 8 I £232,128 18 1 £232,128 18 1 Balance-sheet as at 31st March, 1927. Liabilities. Assets. Capital Account — £ s. d. £ s. d. Bank of New Zealand shares — £ s. d. New Zealand Consolidated 500,000 preference A shares (nominal stock — value) .. .. .. 500,000 0 0 3J per cent., 1940 .. 500,000 0 0 1,375,000 preference B shares (nominal 4 per cent., 1943-63 .. 375,000 0 0 value .. .. .. 1,375,000 0 0 875,000 0 0 234,375 long-term mortBank of New Zealand gage C shares £ s. d. Shares Account —In- (nominal value) 234,375 0 0 vestment Account .. 808,593 15 0 Less instalments not yet due.. 175,781 5 0 1,683,593 15 0 58,593 15 0 Capital reserve .. .. .. 250,000 0 0 Dividends declared but not paid .. .. 140,462 4 9 Accrued interest on consolidated stock .. 6,650 13 9 Treasury Adjustment Account .. .. 65,554 17 1 Balance of Income and Expenditure Account 199,366 8 I £2,139,610 16 10 £2,139,610 16 10 Accumulated profits to 31st March, 1927, £1,402,243 os. 5d., credited to Consolidated Fund. 6th July, 1927. A. D. Park, F.1.A.N.Z., Accountant to the Treasury. I hereby certify that the Income and Expenditure 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.—G. F. C. Campbell, Controller and Auditor-General.

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