B.—l [PT. IV]

STATE FOREST SERVlCE—continued STATE FORESTS ACCOUNT—continued Balance-sheet as at 31st March, 1943 Liabilities £ Assets £ Capital Account .. .. .. .. 36,361,026 Land .. .. .. .. .. 1,091,298 Loans from Treasury .. .. .. .. 3,497,438 Standing forests .. .. .. .. 34'028'190 Advances from Consolidated Fund .. .. 87,405 Forest improvements, roads, demarcation, &c. .. 7,066 Sundry creditors— Plantations .. .. .. .. .. 6,333,587 Consolidated Fund for— £ Regeneration areas .. .. .. .. 59,082 Interest paid .. .. 926,938 Managed forests .. .. .. .. 64,507 Loans redeemed on conversion .. 141,554 Utilization plant .. .. .. .. 379^771 National endowment .. .. 21,455 Departmental property, indigenous forests: BuildWorking Railways .. . . . . 549 ingg, equipment, motor-vehicles, reference library, On open accounts .. .. .. 33,530 stores, &c. .. .. .. .. .. 15,665 ■ 1,124,026 Sundry debtors .. .. .. .. 114,300 Reserves, general .. .. .. .. 1,876,625 Cash in Public Account .. .. .. 32,652 Amounts held in deposit .. .. .. 9,876 Net interest payable, capitalized as from Ist April, Reserve for assets in suspense .. .. .. 11,856 1940 .. .. .. 310 492 Administration expenses not yet allocated .. 9,910 Amounts held on deposit .. .. .. 9,876 Assets in suspense . . .. . . ~ 11,856 £42,968,252 £42,968,252 Notes.—(l) Lands and standing forests other than areas purchased have been valued as follows : prairie value, ss. per acre; protection, £1 per acre; merchantable forests, £10 per acre; accretions during the year have been brought into the accounts at the prairie value of ss. per acre. (2) Plantations have been valued at cost plus compound interest to 31st March, 1940, less returns compounded to 31st March, 1940. (3) The liability for advances from the Consolidated Fund is fixed by section 21 of the Finance Act, 1926, and section 3 of the Finance Act, 1926, and section 3 of the Finance Act, 1927, at £104,250. £87,405 3s. 4d. only is shown as a liability of this account, £16,844 1 68. Bd. representing the expenditure 011 sand-dune reclamation, having been transferred without statutory authority to the Crown Lands Account. Alex. E. Entrican, Director of Forestry. W. J. C. Kinlocii, A.E.A.N.Z., Accountant. I hereby certify that the Working Accounts, Profit and Loss Account, 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 and 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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