B.—l [PT. IY, SUP.] .

DEFENCE DEPARTMENT —continued. Aviation Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. i Cr. £ s. dTo Pay, military, flying, and casual-duty flights .. 6,243 13 3 By Passenger flights and fees .. .. 615 11 3 Advertising, printing, stationery, postages, &c. .. 177 19 6 Hire of horses .. .. .. 6 8 6 Travelling allowances and expenses, rail and steamer Rent of reserves .. .. .. 325 3 4 fares, freights and cartage .. .. .. 1,292 19 3 Rent of buildings and quarters .. 202 13 8 Expenses and upkeep of machines, and stores consumed 9,158 17 5 ; Excess of expenditure over income, Pay, travelling, and other expenses of pilots attending carried down . . .. 23,721 2 3 refresher courses . . . . . . . . 1,107 15 2 Compensation and medical expenses in accident cases 137 14 10 Maintenance of buildings and departmental rental value of buildings occupied . . .. .. .. 989 10 4 Allowances and expenses of officers undergoing instruction abroad . . .. . . . . . . 943 5 0 Survey of aerodrome site at Hobsonville . . .. 53 14 8 Depreciation on— £ s. d. Buildings .. .. .. 512 9 2 Furniture .. .. .. 18 12 2 Aircraft, machines, and spares .. 4,234 8 3 4,765 9 7 £24,870 19 0 £24,870 19 0 £ s. d. £ s. d. To Balance brought down .. .. .. .. 23,721 2 3 By Excess of expenditure over income Interest on capital, £83,899 at 4£ per cent. .. .. 3,775 9 6 after charging interest on capital .. 27,496 11 9 £27,496 11 9 J £27,496 II 9 Balance-sheet as at 31st March, 1927. Liabilities. \ Assets. £ s. d Capital Account— £ s. d. Public Works Fund —Lands and buildings .. .. 854,861 7 4 Liability to Treasury at Ist April, 1926 3,747,538 17 4 j Consolidated Fund— £ s. d. Value of gifts from Imperial Govern- Armament, heavy gun and smallment and other sources . . .. 40,329 18 7 arms ammunition .. .. 1,113,963 5 4 Less Lower Hutt Fire Suspense 3,787,868 15 11 Account .. .. 3,937 5 4 Treasury Adjustment Account .. 640,696 4 2 1,110,026 0 0 Depreciation Reserve Account .. 63,471 2 9 Ordnance stocks at Vocabulary prices .. .. 1,557,864 13 4 Stores Depreciation Reserve Account .. 266,099 II 5 1 Obsolete stocks at Disposal Depot .. .. 12,275 16 6 Nelson Province Rifle Prize Fund .. 1,028 18 3 j Unit equipment and stocks .. .. .. 412,945 9 4 Rents received in advance . . . . 237 3 3 Army Service Corps supplies .. . . .. 807 15 4 Sundry Creditors .. .. .. 27,284 12 0 Stationery and publications .. .. .. 3,801 15 0 Libraries .. .. .. .. .. 1,001 14 0 Medals and ribbons .. .. .. . . 4,434 1 6 Defence vessel " Janie Seddon " .. 3,724 11 10 Consumable stores on board . . 26 9 3 3,751 i i Aircraft spares and stores .. .. .. 68,71716 8 Oils and spirits (aircraft).. .. .. .. 1,431 13 10 Wireless installations .. .. .. .. 1,517112 Furniture .. .. .. .. .. 28,131 6 9 Power-house machinery .. .. 3,170 6 0 Power-house stores (consumable) .. 49 19 6 3,220 5 6 Horses at valuation .. .. .. .. 1,753 13 4 Nelson Province Rifle Prize Fund .. 1,000 0 0 Balance of interest on same in Deposits Account .. .. 28 18 3 1,028 18 3 Sundry debtors .. . . 2,067 11 7 Rents accrued . . . . .. 133 5 5 2,200 17 0 Stamps (including stamps and cash in Regimental Funds Grant Accounts) .. .. .. .. .. 551 0 1 Assets in Suspense Account pending authority to write off .. .. 4,461 11 9 Less writings-off Suspense Account . . .. .. 4,461 11 9 Excess of expenditure over income— Aviation Revenue Account .. 27,496 II 9 Headquarters General Activities Revenue Account .. .. 241,071 0 4 Territorial Revenue Account .. 213,017 18 5 Cadets Revenue Account . . 86,763 I I Army Ordnance Stores Revenue Account .. .. .. 148,065 19 7 716,414 11 2 Less " Janie Seddon " Revenue Account i. . • 50 19 5 —_• 716,363 11 9 £4,786.686 7 9! £4,786,686 7 9 -- - | =«= H. M. Griffen, Lieut.-Colonel, Director of Financial Services. L. 0. Forgie, Major, Accountant. 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, subject to the above departmental notes. —6. F. 0. Campbell, Controller and Auditor-General,

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