C.--2A,

NEW ZEALAND STATE COAL-MINES— continued. Balance-sheet as at 31st March, 1930. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. Loan under Coal-mines Act, 1925 .. .. .. .. 105,200 0 0 CollieriesNew Zealand Consolidated Inscribed Stock .. .. .. 52,083 6 8 Development and Property Accounts .. .. .. 174,497 9 8 157,283 6 8 Machinery, plant, ropes, and rolling-stock .. .. .. 37,689 12 8 Accrued interest on loan capital .. .. .. .. .. .. 2,418 13 3 Electrical plant (James Colliery) .. .. .. .. 5,510 12 7 Buildings at mines .. .. .. .. .. 5,854 .18 3 Departmental. Sundry. Cottages at mines .. .. .. .. .. 6,387 5 6 Sundry creditors— £ s. d. £ s. d. Plantations at mines .. .. .. .. .. 2,506 3 1 Liverpool Colliery .. .. 1,792 14 10 10,457 19 3 12,250 14 1 Coal stocks (bins, wharf, and afloat) .. .. .. 1,548 3 5 James Colliery .. .. .. 264 7 6 5,069 8 9 5,333 16 3 Stores on hand .. .. .. .. .. .. 9,679 1 6 Wellington Depot .. .. 107 16 2 726 16 3 834 12 5 243,673 6 8 Christchurch Depot .. .. 3,722 1111 177 7 2 3,899 19 1 Plant, buildings, &c, on hire .. .. .. .. .. .. 3,407 13 6 Wanganui Depot .. .. 132 5 0 95 17 1 228 2 1 Depots— Property Accounts .. .. .. .. .. 15,49867 6,019 15 5 16,527 8 6 22,547 3 11 Stocks and stores on hand .. .. .. .. 10,281 13 2 Deposits on contracts .. .. .. .. .. .. •■ 1,080 0 0 25,779 19 9 Sinking Fund .. .. .. .. .. .. ■• .. 7,944 10 11 Sinking Fund investments .. .. .. .. .. .. .. 7,944 10 11 Reserves— Housing advances to workmen .. .. .. .. 7,581 4 5 General Reserve .. .. .. .. .. .. 174,239 10 10 Interest accrued due .. .. .. .. .. 131 5 6 Bad Debts Reserve .. .. .. .. .. 737 17 1 7,712 9 11 Accident Insurance Reserve .. .. .. •• 5,302 16 8 Investments (ordinary) .. .. .. .. .. 50,800 0 0 180,280 4 7 Interest accrued due .. .. .. .. .. 465 10 5 General Profit and Loss Account— . '■ 51,265 10 5 Net profit for year .. .. .. .. . ■ • • .. 8,535 13 4 . Departmental. Sundry. Sundry debtors— £ s. d. £ s. d. Liverpool Colliery .. .. 22 8 11 4,096 2 1 4,118 11 0 James Colliery .. .. .. 8 14 10 248 16 3 257 11 1 Wellington Depot .. .. 274 8 6 17,870 8 6 18,144 17 0 Christchurch Depot .. .. 22 0 6 4,474 3 1 4,496 3 7 Wanganui Depot .. .. 4 18 3,992 15 1 3,996 16 9 ! ' 331 14 5 30,682 5 0 31,013 19 5 Less provisionally written off .. .. .. .. 94 10 11 30,919 8 6 Cash in Receiver-General's Deposit Account .. .. .. .. .. 1,130 0 0 Cash in Public Account .. .. .. .. .. .. .. 8,256 13 0 £380,089 12 8 £380,089 12 8 State Coal-mines Office, Wellington, 17th June, 1930. A. J. Murdoch, A. W. Gyles, A.1.A.N.Z., Accountant. Minister of Mines. I hereby certify that the attached Working and Profit and Loss Accounts of Depots and Collieries, General Profit and Loss 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, except that in the opinion of the Audit Office interest on capital expenditure on the unopened Mac Donald Colliery should be charged to General Profit and Loss Account instead of being capitalized, as development was sufficiently completed several years ago.— G. F. C. Campbell, Controller and Auditor-General.

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