13.—1 [FT. IV]

MAIN HIGHWAYS ACCOUNT— continued General Balance-sheet as at 31st March, 1943

Notes.—(as) No liability is included for interest on loans redeemed out of Public Debt Repayment Account. (6) The two funds, previously known as " Construction " and " Revenue," were amalgamated as from Ist April, 1936 and are now termed the " Main Highways Account," in accordance with section 3, Finance Act (No. 2), 1935. J. W. Scott, A.R. A.N.Z., Cluef Accountant, Public Works Department. W. L. Newnham, Chairman, Main Highways Board. 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 departmental notes enfaced thereon.— Cyb.il G. Collins, Controller and Auditor-General.

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I I LIABILITIES. Total. ASSETS. Total. I I . Excess of income over expenditure — ! £ £ Gash in Public Account — £ £ Balance at 31/3/42 .. .. .. .. .. .. j 415,942 At call .. .. .. .. .. .. .. .. .. 49,023 Less excess of expenditure over income for 1942-43 .. .. .. 185,157 Sundry debtors .. .. .. .. .. .. .. .. 41^642 230,785 Advances to local authorities (Main Highways Amendment Act, 1926, Sundry creditors .. .. .. .. .. .. .. .. 164,689 section 2) .. .. .. .. .. .. .. .. 42,913 Interest accrued on loans .. .. .. .. .. .. .. 75,539 Interest paid in advance .. .. .. .. .. .. .. 12,260 Motor registration fees paid in advance .. .. .. .. .. 10,095 Interest due and accrued .. .. .. .. .. .. .. 1,115 Buildings and land .. .. .. .. .. 86,552 Stocks of materials, tools, &c. .. .. .. .. .. .. 133,519 Furniture, fittings. &c. — Expenditure to 31/3/43 .. .. .. .. .. .. 938 Less depreciation to 31/3/43 .. .. .. .. .. 719 ■ 219 Plant and equipment — For Main Highways Board — Expenditure to 31/3/43.. .. .. .. .. .. 648,518 Less depreciation charged to works .. . . .. .. 549, 842 j 98,676 Purchased for local authorities — Expenditure to 31/3/43.. .. .. .. .. .. 352,261 Less repayments of principal .. .. .. .. .. 337,072 15,189 Amount transferred to Loans Redemption Account .. .. .. 2,851,973 Less amount utilized for redemption of securities .. .. .. 2,851,973 i £481,108 £481,108