B.—l [PT. IV], SUP. to 1933.

WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT. Income and Expenditure Account fob the Year ended 31st March, 1933. Expenditure. Income. To Interest for 1932-33— £ s. d. By Contribution from— £ s. d. & s. d. First loan (£150,000) .. .. .. 6,000 0 0 Gold-mining companies .. 1,112 4 0 Second and subsequent loans .. .. 22,633 2 6 Gold duty .. .. .. 3,336 11 11 Public Works Fund capital .. .. 1,121 0.10 Consolidated Fund .. .. 1.112 4 0 Maintenance of works .. .. .. 1,220 13 11 — 5,560 19 11 Amount written off .. .. .. 9 3 4 I Contribution from Unemployment Fund .. 547 10 0 Rents from cottages and royalties from sale of sand .. .. .. .. .. 356 14 .10 Interest credited for 1932-33 on investments in Public Debt Redemption Fund .. .. 194 1.4 7 Balance, being deficiency for the year, carried down .. .. .. .. .. 24,324 1 3 £30,984 0 7 = = £30,984 0 7 « £ S. d. — nnnjn— To Accumulated deficiency to 31st March, 1932 173,963 0 3 £ s. d. Deficiency for 1932-33 .. .. .. 24,324 1.3 By Balance carried forward .. .. .. 198,287 1 6 £198,287 1 6 £198,287 1 6 Balance-sheet as at 31st March, 1933. Liabilities. Assets. Loan liability— £ s. d. £ s. d. £ s. d. £ s. d. Debentures at — Land purchase and compensation 3,710 12 5 4 per cent. .. .. 644,925 0 0 Fencing .. .. .. 4,014 0 4 4| per cent. .. .. 20,075 0 0 Clearing and destroying willows .. 52,158 0 9 5J per cent. .. .. 35,000 0 0 Moving of houses ' .. .. 4,016 4 1 700,000 0 0 Flood-gates .. .. .. 45.629 17 9 Liability to Public Works Fund .. .. 29,527 12 4 Interior drainage .. .. 56,203 10 11 Liability to Consolidated Fund for Canals .. .. .. 11,789 13 8 unrecouped expenditure— Bridges .. .. .. 8,458119 First loan: Interest .. .. 38,177 18 10 Stop-bank formation .. ..491,653 16 1 Second and subsequent loans — Surveys, engineering investigations, Interest .. .. .. 185,359 17 7 &c. ...... 21,570 9 1 Sinking fund .. .. 1,612 10 8 Gauges .. .. .. 2,221 3 2 Public Works Fund capital .. 1,802 14 6 Slips, groynes, and dredging at Maintenance of completed wharves .. .. .. 3,076 14 9 works .. .. .. 8,593 610 Wharves and good-sheds .. 9,927 5 7 -235,546 8 5 Stores and tools on hand .. 2,157 0 3 Sundry creditors— Buildings and accommodation .. 333 10 0 Works, &c. .. .. .. 671 15 9 Plant, £51,139 7s. ; less depreciaAccrued interest .. .. 4,631 0 7 tion charged to works, £49,252 7s. 1,887 0 0 5,302 16 4 Pontoons .. .. .. 987 0 0 Sinking Fund Reserves— Maintenance during construction.. 3,820 8 4 First loan .. .. .. 3,304 0 4 Contribution towards Criterion and Second and subsequent loans .. 1,612 10 8 Ohinemuri Bridges and Paeroa 4,916 11 0 Station Yard .. .. 11,480 0 0 735,094 18 11 Advance to Waihi Borough: Finance Act, 1923, section 10 .. .. 1,997 7 9 Debtors for contribution towards interest, sinking fund, and maintenance— Gold-mining companies .. 1,112 4 0 Gold duty .. . . .. 19,594 7 7 Consolidated Fund .. .. 3,515 5 4 24,221 16 11 Sundry debtors: Miscellaneous .. ~ 223 15 3 Investments, Public Debt Redemption Fund — First loan . . . . .. 3,304 0 4 Second and subsequent loans .. 1,612 10 8 4,916 11 0 Interest credited .. .. 1,758 19 0 6,675 10 0 Treasury Adjustment Account.. .. .. 8,792 17 9 Income and Expenditure Account: Accumulated deficiency on interest, sinking fund, and maintenance charges to 31st March, 1933 .. .. 198,287 1 6 £975,293 8 1 £975,293 8 1 E. L. Greensmith, Acting-Accountant, Public Works 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. The following comment is appended : The deficiency in contributions towards expenditure has not been met by levying a rate as required by section 17, subsection 4 (d), Waihou and Ohinemuri Rivers Improvement Act, 1910.— G. F. C. Campbell, Controller and Auditor-General.

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