B.—l [PT. TV].

WESTPORT HARBOUR ACCOUNT. Income and Expenditure Account foe the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ s. d. Dredging .. .. .. .. .. 27,114 14 0 Special coal rate .. .. , .. 21,319 13 1 Harbour-maintenance.. .. .. .. 6,210 7 7 Endowment revenue .. .. .. .. 14,801 16 5 Breakwater-protective works .. .. , . 747 22 Port dues .. .. .. .. .. 4,590 19 10 Cape Foulwind Railway: Maintenance . . .. 261 0 0 Sale of stores, &c. .. .. .. .. 57 ,2 5 Payment to Public Works Department: Westport Hire of plant .. .. .. . . 273 5 9 Harbour improvements .. .. .. 72 16 2 Rent .. . . . . .. . ■ 104 6 0 Working-expenses of tug and launch .. .. 122 15 8 Subsidy from Employment Promotion Fund .. 1,033 15 9 Office administration (local) .. .. .. 1,523 12 5 Supervision of explosives-magazine .. .. 75 O 0 Endowments: Administration expenses.. 415 3 0 Miscellaneous .. .. .. 4 4 0 Audit fees .. .. .. .. .. 35 0 0 Balance carried down.. .. .. .. 15,928 11 11 Telephone services .. .. .. .. 103 7 5 Compensation for accidents .. .. .. 1,060 22 Travelling-expenses .. .. .. .. 25 16 4 Grants, &c. .. .. .. .. .. 5 50 Head Office administration .. .. .. 600 0 0 Depreciation— £ s. d. Buildings .. .. .. 138 11 5 Dredge wharf, &c. .. .. 136 18 5 Dredges, launches, &c. .. 2,255 17 5 2,531 7 3 Interest on loans .. .. .. .. 17,360 6 0 £58,188 15 2 £58,188 15 2 £ s. d. £ s. d. Balance brought down .. t. .. 15,928 11 11 Transfer from General Reserve. . .. .. 1,426 6 7 Transfer to Sinking Fund ' .. .. 6,470 0 2 Excess of expenditure over income .. .. 20,972 5 6 £22,398 12 1 | £22,398 12 1 —— 1 . Balance-sheet as at 31st March, 1939. Liabilities. Assets. Loan Capital: New Zealand Loans Act, 1932— £ s. d. Endowment lands— £ s. d. £ s. d. 3-per-cent. stock .. .. .. .. 237,558 16 6 Leased . . .. .. 36,694 910 4-per-cent. debentures .. .. .. 6,411 15 3 TJnleased .. .. .. 23,049 9 4 5-per-cent. debentures .. .. .. 117,352 18 10 59,743 19 2 Westport Harbour Act, 1920: 5-per-cent. deben- Breakwaters.. .. .. .. .. 344,332 15 3 tures .. .. .. .. .. 8,250 19 6 Training-walls .. .. .. ..102,99800 Protective works and relief channel .. .. 17,384 9 0 369,574 10 1 Limestone-quarry .. .. .. .. 128 0 0 Finance Act, 1932, section 16 .. .. .. 92,421 14 3 Gridiron .. .. .. .. .. 1,405 8 7 —— —— Dredge wharf .. .. .. .. 1,116 0 0 461,996 4 4 Martin's Island .. .. .. .. 700 0 0 Endowment capital .. .. .. .. 59,743 19 2 Harbour buildings .. .. .. .. 2,124 14 7 Sinking Fund Reserve .. .. .. 220,940 13 0 Dredges, tug " Mana," plant, &c. .. .. 13,692 9 9 Writing-off, Reserve Account .. .. .. 36 3 10 Cape Foulwind Railway .. .. .. 8,250 19 6 Payments in advance .. .. .. 480 3 4 Office furniture and fittings .. .. .. 14 19 6 Creditors— £ s. d. Stock and stores .. .. .. .. 5,709 9 2 Accrued interest .. .. 1,132 18 3 Breakwater Repairs Suspense Account .. .. 3,397 12 11 Departmental .. .. 289 15 11 Debtors— £ s. d. Sundry .. .. .. 5,465 4 8 Accrued revenue .. .. 4,768 4 4 6,887 18 10 Departmental .. .. 46 12 9 Treasury Adjustment Account .. .. 59,831 9 1.1 Sundry .. .. .. 2,153 15 7 6,968 12 8 Sinking-fund investments .. .. 220,940 13 0 Writing-off, Suspense Account .. .. .. 36 3 10 Excess of expenditure over income .. .. 20,972 5 6 £809,916 12 5 £809,916 12 5 L. B. Campbell, Secretary of Marine. William C. Smith, Accountant. 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

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