POST AND TELEGRAPH DEPARTMENT— continued. Balance-sheet as at 31st March, 1935. Receipts and Expenditure on Capital Account.

B. —1 [PT. IV], SUP. TO 1935.

General Balance-sheet. Liabilities. Assets. £ s. d. Sundry creditors— ' £ s. d. £ s. d. Capital Account balance .. .. .. .. .. .. 1,192,685 0 8 Money-order payees for unpaid money-orders .. .. .. 50,838 9 8 Stock at Stores, District Telegraph Engineers' and Workshops, and in transit .. 404,218 8 4 Other administrations on money-order, postal, and cable accounts 104,143 18 10 Sundry debtors— , £ s. d. Postal-note payees for unpaid postal notes .. .. .. 78,966 6 10 Other administrations on money-order account .. .. 4,690 12 0 Sundry other creditors .. .. .. .. .. 446,782 7 2 Government Departments .. .. .. .. 26,475 15 8 Other Government Departments .. .. .. .. 157,878 17 6 Sundry other debtors .. .. .. .. .. 52,330 14 0 838,610 0 0 83,497 1 8 Assets written off Reserve Account .. .. .. .. .. .. 3,279 10 6 Post Office Investment Certificate Account: Investments held in War Loan Certificate Account .. .. .. .. .. .. 7,344 1 11 Government loans .. .. .. .. .. .. 1,132,650 0 0 Post Office Investment Certificate Account .. .. .. .. .. 1,139,742 1 5 Postmasters' balances .. .. .. .. .. 1,983,347 15 1 Money-order Settlement Account .. .. .. .. .. .. 1,414 14 2 Head Office Account, including cash in bank .. .. .. 4,438,364 6 5 Postmasters : For advance to Postmasters of stamps, postal notes, British postal orders, Post Office investment certificates, and other documents of value, including 6,421,712 1 6 stocks, held in the General Post Office .. .. .. .. .. 1,919,655 12 1 Less Savings-bank funds held in balances .. .. .. 4,057,905 6 10 Depreciation Reserve (including maintenance and renewals, equalization reserve, 2,363,806 14 8 telegraph, toil, and telephone systems) .. .. .. .. .. 3,824,717 0 0 Assets written off, Suspense Account .. .. .. .. .. 3,279 10 6 Fire Insurance Reserve .. .. .. .. .. .. .. 85,000 0 0 Post Office investments under section 100 of the Post and Telegraph Act, 1928 .. 2,615,710 0 0 Investments held on behalf of Radio Broadcasting Board .. .. .. 45,000 0 0 Investment (Radio Broadcasting Board of New Zealand) .. .. .. 33,550 0 0 Interest accrued on investments held on behalf of Radio Broadcasting Board .. 162 8 2 Interest accrued on investments .. .. .. .. .. .. 10,440 10 11 Profit and Loss Appropriation Account .. .. .. .. .. 30,190 8 6 Loan Conversion Expenses Account .. .. .. .. .. .. 55,278 10 0 £7,895,115 16 9 £7,895,115 16 9 Notes.— (a) Interest on capital equal in amount to depreciation reserve investments is at the average earning-rate on such investments, interest on balance of capital is at £4 ss. per cent. (6) Depreciation has been allowed for on balance of assets as at Ist April, 1934, the total charge being carried to Depreciation Reserve, (c) No charge for the cost of exchange on capital payments made in London is included in the account. A. Marshall, A.R.A.N.Z., Director of Finance and Chief Accountant. G. McNamara, Director-General, Post and Telegraph Department. I hereby certify that the Profit and Loss Accounts 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 departmental notes enfaced thereon.— G. F. C. Campbell, Controller and Auditor-General.

B—B. 1 [PT. IV], SUP. to 1935.

57

I li r. As at 31st March, Amount debited As at 31st March, ; Capital as at 1st Amount received Capital as at 31st Dr • 1934. during Year. j 1935. jj April, 1934. Year 1934-35. March, 1935. To Expenditure — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Telegraph and toll systems, including 2,460,749 6 8 26,296 3 6 2,487,045 10 2 By Receipts: Public Works Fund .. 12,841,735 3 4 243,689 6 2 13,085,424 9 6 works in progress Telephone-exchange systems, including 8,419,509 1 10 45,991 9 10 8,465,500 11 8 works in progress Wireless systems .. .. .. 33,509 9 0 244 16 3 33,754 5 3 Buildings and sites .. .. 2,741,648 17 2 108,376 15 6 2,850,025 12 8 Plant and workshops .. .. 34,392 8 7 233 17 9 34,626 6 4 Motor-garages, &c. .. .. .. 234,033 7 6 Or.2,252 3 10 231,781 3 8 12,841,735 3 4 243,689 6 2 13,085,424 9 6 Furniture and fittings .. .. 176,988 7 4 Or. 1,612 611 175,376 0 5 Balance, carried to General Balance- .. .. 1,192,685 0 8 sheet 14,100,830 18 1 177,278 12 1 14,278,109 10 2 14,278,109 10 2