C.—2a

NEW ZEALAND STATE COAL-MINES. Colliery Working Accounts for the Year ended 31st March, 1931.

Colliery Profit and Loss Accounts for the Year ended 31st March, 1931.

Mac Donald Colliery Pbofit and Loss Account for the Period 11th July, 1930, to 31st March, 1931. Dr. £ s. d. Cr. £ s. d. To Interest .. .. .. .. 2,609 15 11 By Rents .. .. .. .. 307 5 0 Depreciation .. .. .. 248 13 4 Royalties.. .. .. .. 405 11 10 Net loss —Transferred to General Profit and Loss Account .. .. 2,145 12 5 £2,858 9 3 £2,858 9 3 Note. —The loss on this colliery is due to the fact that the preliminary development work necessary before any coa Icould be won occupied some six months, consequently the royalty was payable only for a period of a little over two months. Tt is anticipated that a profit will be made hereafter.

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Dr. Liverpool. James. Gr. Liverpool. Jambs. & s. d. £ s. d. £ s. d. £ s. d. To Stocks on hand, 1st April, 1930 1,081 9 10 466 13 7 By Sales of coal .. .. 172,638 14 3 50,358 17 9 Coal-winning— Sales of stores, power, Sc. .. 6.632 9 8 Wages .. .. 79,849 6 7 24,032 15 10 Stocks of coal on hand at Stores and materials used 7,485 11 0 I 1,167 3 10 31st March, 1931, at mine, Railway tickets .. 742 4 8 .. wharf, and afloat .. 1,489 9 2 138 15 9 Subsidized bus fares, &c... .. 359 9 10 Stores sales (at cost) .. 6,139 11 11 Coal purchased .. 137 8 4 16110 11 Special rate .. . . 907 8 2 186 18 0 Royalty .. . . .. 373 16 0 I Electric power .. .. .. 539 0 2 96,343 0 6 27,287 8 2 Gross profit—To Profit and Less Account .. .. 84,417 12 7 23,210 5 4 180,760 13 1 50,497 13 6 180,760 13 1 50,497 13 6

Dr. Liverpool. James. Cr. Liverpool. James. j J : £ s. d. £ s. d. £ s. d. £ s. d. To Salaries .. .. .. 3,192 6 8 951 5 6 I By Gross profit at mine .. 84,417 12 7 23,210 5 4 Rent :.... .. :.'.: , = .- .. 68 8 1 ' Rents .. .. .. 466 2 7 Interest,.. .. .. 4,125 19 7 1,654 8 0 Stores — Surplus at stockTra veiling-expenses . . 72 19 3 25 18 3 taking .. .. 72 6 10 Printing and stationery ■.. 153 19 51 4 3 . —-— ; ; Repairs and maintenance .. " 6,541 3 8 997 10 1 j .84,956 2 0 23,210 5 4 Telegrams and postages . . 193 3 9 69 12 10 I Net loss-Transferred to Railway haulage .. .. 13,212 4 10 2,307 19 5 I General Profit and Loss Insurance .. .. 4,065 11 3 1,140 3 6 Account .. .. | 4,618 18 1 Coal-miners'Relief Fund .. 269 17 6 86 2 4 General expenses .. .. 716 2 5 278 16 3 Marine freight .. .. 47,351 12 4 10,531 10 7 Audit fees .. .. 98 2 9 28 17 3 i Wharfage .. .. 2,722 4 5 560 14 1 Superannuation Fund subsidy 151 19 1 55 9 8 Depreciation—Mine buildings, plant and machinery .. 6,708 10 10 4,159 9 10 89,575 0 1 22,967 9. 11 Net profit—Transferred to General Profit and Loss Account .. .. .. 242 15 5 89,575 0 1 23,210 5 4 89,575 0 1 23,210 5 4