B. —1 [PT. IV SUP. TO 1928],

34

LAND AND INCOME TAX DEPARTMENT. Income and Expenditure Account fob the Yeae ended 31st March.. 1928. Expenditure. £ s. d. Income. £ s. d. To Advertising books, &c. .. .. 535 19 9 By Land-tax Account .. .. .. 1,134,918 15 3 Gas and lighting .. .. .. 21 15 2 Income-tax Account .. .. .. 3,243,845 11 7 Law-costs .. .. .. .. 1,270 4 3 Interest and dividends .. .. .. 279 5 0 Office requisites (including printing and Recoveries on account of expenditure of stationery) .. .. .. .. 2,779 8 4 previous years .. .. .. 4 5 0 Postages and telegrams .. .. 2,094 8 4 Rent.. .. .. .. .. 2,301 0 0 Repairs and renewals .. .. .. 330 5 5 Salaries .. .. .. .. 39,10(1 3 3 Services rendered by other Departments— Customs Department, collecting deposits 200 0 0 Post and Telegraph Department, receiving payment of tax .. .. .. 1,755 13 6 Public Works Department, cleaning and removal of rubbish .. .. 321510 Telephone services .. .. .. 157 0 2 Travelling allowances and expenses .. 1,147 0 10 Valuation Department, contributions to .. 11,469 14 0 Sundry items of expenditure .. .. 116 4 Permanent charges (special Acts) —Payment of interest under section 134, Land and Income Tax Act, 1923 .. .. 3,405 1 3 66,617 16 5 Depreciation on office furniture, fittings, mechanical appliances, and library .. 581 13 11 Refund of absentee land-tax to William L. M. Dearsley, authorized by Cabinet .. 60 6 2 Remission of land-tax due by Thomas Seccombe, authorized by Cabinet .. 366 19 9 Balance carried down .. .. .. 4,311,421 0 7 £4,379,047 16 10 £4,379,047 16 10 £ s. d. £ s. d. To Interest on capital .. .. .. 288 14 7I By Balance brought down .. .. 4,311,421 0 7 Excess of revenue over expenditure .. 4,311,132 6 0 £4,311,421 0 7 £4,311,421 0 7 (Percentage cost of collection, 1-463.) Note. —The above accounts include assessed rent (£2,222) and interest on capital for which parliamentary appropriation has not been obtained. Balance-sheet as at 31st March, 1928. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Capital .. .. .. .. .. 6,416 5 1 Office furniture and fittings .. 4,352 14 10 Sundry creditors— £ s. d. Additions during year .. 16 5 2 Outstanding expenses .. 12,861 2 8 1 4,369 0 0 Land-tax* .. .. 3,812 14 2 Library .. .. .. 239 6 9 Income-tax* .. .. 25.980 11 2 j Additions during year .. 15 14 0 42,654 8 0 255 .0 9 Depreciation Reserve .. .. .. 3,227 311 Office appliances .. .. 1,824 3 6 Suspense Account for default assessments, &c>.. 150,000 0 0 Additions during year .. 26 15 0 Excess of revenue over expenditure .. 4,311,132 6 0 1,850 18 6 6,474 19 3 Forms and stationery .. .. 1,037 11 1 Official stamps .. .. . . 1 12 0 Cash in transit .. .. .. 15 2 8 Sundry debtors— Land-tax .. .. 91,016 10 1 Income-tax .. .. 317,603 2 6 Law-costs .. .. 427 4 7 409,046 17 2 Sundry debtor—Defence Department .. 14 0 I Treasury Adjustment Account .. .. 4,081,332 4 3 | Cash in hand, Post Office, 31st March, 1928 .. 15,520 12 7 £4,513,430 3 0 | £4,513,430 3 0 ========= | ======= Contingent liability in respect of bills discounted by Bank of New Zealand, £25 : 854 Bs. 6d. * Includes amounts paid in advance and overpayments subject to adjustment. E. J. R. Cumming, E.1.A.N.Z., 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.