B.—l [PT. I].

PUBLIC ACCOUNTS, 193 8-1 939.

Year ended 31st March, 1939, compared with the Year ended 31st March, 1938 —continued.

23

MINES ACCOUNT. Yeak "Xeae ended 31st Maeoh, ended 31st Maeoh, <oqq 1938. EXPENDITURE. 19da * Ne *" Gross. Credits. Net. £ s. d. Annual Appropriation,— £ s. d. £ s. d. £ s. d. 317,788 1 5 Vote—State Coal-mines .. .. .. .. 370,963 1 9 1,691 16 8 369,271 5 1 2,873 16 4 Interest and other charges on Loans and Capital Liability .. .. .. 2,983 8 2 Amortization of Debt, — Finance Act, 1928, Section 22— Transfer to State Coal-mines Sinking Fund Account— Subsection (1) —2 per cent, of amount of Loans raised to 31st March, 1939, less amount redeemed otherwise 4,122 0 5 than from the Sinking Fund .. .. .. .. .. 6,022 0 5 Subsection (3) —4 per cent, of amount redeemed from 5,107 2 2 Sinking Fund to 31st March, 1938 .. .. .. .. .. 5,474 6 2 Subsection (3) —4 per cent, of amount redeemed from 294 15 4 Sinking Fund during the Current Year .. .. .. .. 270 7 I 9,523 17 11 11,766 13 8 Balance at end of Year, — 11,956 5 2 Cash* .. .. .. .. .. .. .. .. 7,625 6 11 £342,142 0 10 Totals .. .. .. .. .. .. £391,646 13 10 FUND ACCOUNT. £ s. d. Finance Act, 1928, Section 22 (2), — £ s. d. £ s. d. £ s. d. New Zealand Loans Act, 1932, Section 58— Securities redeemed before maturity— 9,180 0 0 Stock .. .. .. .. .. .. .. .. 9,525 0 0 Balance at end of Year, — 9,525 10 0 Cash* .. .. .. .. .. .. .. 11,767 3 8 £18,705 10 0 Totals .. .. .. .. .. .. £21,292 3 8 * This includes Public Account Cash Balance Investments "which it is not possible to allocate to the individual accounts.