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AUDIT DEPARTMENT. Income \m> Expenditure Account for the Yeab ended 31st March, 1931. Expenditure. t h. d. Income. £ a. <!. To Assets provisionally written off .. 11 14 1 By Fees Account .. .. •■ ■■ 32,768 13 - Salaries .. .. .. .. .. 53,191 l<) 1 Kxcess of expenditure over- income before Books, &e. .. .. .. .. 95 210 charging interest .. .. .. 30,463 18 2 Allowances, London . . . . . . 179 9 0 haw-costs .. .. . . .. 143 19 6 Office-fittings .. .. .. .. 60 12 4 Postages .. . . . . . 282 14 3 Rent .. .. .. . . .. 1 ,390 19 9 Telephone services .. .. .. 183 15 4 Temporary assistance . . .. .. 993 17 1 Travelling-expenses .. .. .. 5,564 17 lo Printing and stationery .. .. .. 315 17 J Removal expenses .. .. .. 550 7 9 Overtime and meal allowances .. . . 55 9 6 Depreciation .. .. .. .. 222 4 11 £63,232 11 4 ! £63,232 11 4 £ s. d. £ B- d - To Balance brought down . .. 30,463 18 2 By Excess of expenditure over income .. 30,601 10 1 Interest on capital .. .. .. 137 11 11 £30,601 10 1 £30,601 10 1 Note. -The following charges are included for which the Department possesses no parliamentary appropriation : (o) Rental value as assessed by Public Works Department ; (b) interest at 4J per cent, on capital as at Ist April, 1930. Balance-sheet as at 31st March, 1931. LiabMiies. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 3,067 13 3 Furniture and fittings .. .. .. 1,880 6 7 Creditors £ 8. d. .Mechanical appliances .. . . . . 297 3 0 Departmental .. .. 42 310 Books .. .. .. .. •■ 961 7 9 Sundry . . .. 806 6 10 Stationery .. . . .. .. .. 177 3 6 . 348 10 8 Stamps .. .. .. .. • • 61 14 9 Fees paid in advance .. .. .. 1110 Debtors — £ a. d. Depreciation Reserve .. .. .. 1,724 7 8 Departmental .. .. 28 16 0 Writing-off, Reserve .. .. .. .. 11 14 1 Sundry .. .. 2,866 17 1 Treasury Adjustment Account .. .. 31,742 16 2 2,895 13 Assets in Suspense .. .. •• ■• 11 14 . Excess of expenditure over income . . .. 30,601 10 1 £36,886 12 10 £36,886 12 10 i J. H. Fowler, F.R.A.N.Z, Chief Clerk. 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 note.—G. F. C. Campbell, Controller and Auditor-General. BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1931. Expenditure. £ s. d. i Income. £ s. d. To Interest on Consolidated stock .. .. 32,500 0 0 By Dividends received and declared for the year .. 245,312 10 0 Management charges on consolidated stock .. 258 14 8 Balance .. .. .. .. •• 212,553 15 4 £245,312 10 0 £245,312 10 0 Balance-sheet as at 31st March, 1931. Liabilities. Assets. Capital Account — £ B. d. Bank of New Zealand shares— £ B. d. New Zealand consolidated stock— £ r>llo.ooll preference A shares (nominal value) 500,000 0 0 3J percent.. 1940 .. .. 500,000 1,375,000 preference B shares (nominal value) 1,375,000 0 0 4 per cent., 1943-63 .. .. 375,000 234,376 long-term mortgage C shares (nominal 1 value) . . . . .. . • 234,375 0 0 875,000 Dnidcnds declared but not paid .. .. 146,614 11 8 Bank of New Zealand Shares Account Treasury Adjustment Account .. .. 72,589 17 5 —Investment Account .. .. 984,375 1.859,375 0 0 Capital reserve .. .. .. .. 250,000 0 0 Aim rued interest on consolidated stock .. 6,650 13 9 Excess of income over expenditure .. .. 212,553 15 4 £2,328,579 9 1 £2,328,579 9 1 Accumulated profits to 31st March, 1931, £2,244,536 12s. sd. G. C. Rodda, F.R.A.N.Z., Accountant to the Treasury. 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 theieby. —G. F. C. Campbell, Controller and Auditor-General.

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