B.—l [PT. IY].

LAND AND INCOME TAX DEPARTMENT—continued. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital .. .. .. .. 6,160 211 Office furniture and fittings .. 4,276 1 8 Sundry creditors — £ s. d. Additions during year .. 207 3 4 Outstanding expenses .. 10,320 10 10 Land-tax* .. .. .. 4,983 4 6 4,483 5 0 Income-tax* .. .. 11,932 6 9 Less transfers to Public 27,236 2 1 Works Department .. 102 1 0 Depreciation Reserve .. .. .. 2,645 10 0 Suspense Account for default assessments, &c. 150,000 0 0 4,381 4 0 Excess of revenue over expenditure .. 4,541,843 14 6 Less loss in Suspense .. 28 9 2 — 4,352 14 10 Library . . .. .. 226 12 3 Additions during year .. 12 14 6 239 6 9 Office appliances .. .. 1,657 9 0 Additions during year .. 214 14 6 1,872 3 6 Less Transfers, Post and Telegraph Department .. 26 8 0 1,845 15 6 Less loss in Suspense .. 21 12 0 1,824 3 6 6,416 5 1 Forms and stationery .. .. 1,120 18 2 Official stamps .. .. .. 4 10 11 Sundry debtors — Land-tax .. .. .117,370 1 11 Income-tax .. .. 320,682 16 3 Law-costs .. .. 395 5 0 438,448 3 2 Treasury Adjustment Account .. 4,259,130 13 7 Cash in hand, Post Office, 31st March, 1927— Land-tax .. .. 15,555 0 4 Income-tax .. .. 7,209 18 3 22,764 18 7 £4,727,885 9 6 £4,727,885 9 6 Contingent liability in respect of bills discounted by Bank of New Zealand, £44,346 14s. 3d. * Includes amounts paid in advance and overpayments, subject to adjustment. A. E. Fowler, Commissioner of Taxes. 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 notes. —G. F. C. Campbell, Controller and Auditor-General.

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