B.—l [PT. IV].

MINING ADVANCES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. £ s. d. Income. £ a. d. To Interest oil loan capital .. .. .. 2,362 8 2 By Interest on advances .. .. .. 1, 227 5 7 Losses, sums irrecoverable .. .. .. 223 16 1 j Interest on investments .. .. .. 396 2 7 Balance —Net loss for year .. .. .. 962 16 1 £2,586 4 3 £2,586 4 3 Balance-sheet as at 31st March, 1927. Liabilities. Assets. Capital— £ s. d. £ s. d. £ s. d. £ s. d. Loans under various Acts .. 61,883 9 0 Advances .. .. .. 33,765 10 7 Less writings off under Appro- Less provisionally written off .. 6,457 17 1 priation Acts, 1920 and 1924 6,333 9 0 27,307 13 6 Sundry debtors— 55,550 0 0 Interest due on advances .. 8,244 10 0 Less transferred to liability to Less provisionally written off .. 2,765 19 0 Consolidated Fund .. 6,500 0 0 5,478 11 0 49,050 0 0 Interest on advances accrued but not due .. 217 10 4 Liability to Consolidated Fund .. .. 6,228 11 8 Interest on investments accrued but not due .. 50 1 1 Interest due to Consolidated Fund .. .. 6,107 10 7 Cash in Public Debt Redemption Fund .. .. 811 10 9 Interest accrued but not due.. .. .. 770 15 10 Cash — £ s. d. Reserve for losses .. .. .. .. 3,582 19 1 In Public Account .. .. 6,612 4 8 In Investment Account .. 7,000 0 0 13,612 4 8 Losses— In previous years .. .. 17,299 9 9 Loss for year .. .. .. 962 16 1 18,262 5 10 £65,739 17 2 £65,739 17 2 G. Jas. Anderson, Minister of Mines. A. W. Gyles, A.1.A.N.Z., Accountant, Mines Department. 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. E. C. Campbell, Controller and Auditor-General.

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