B.—l [PT. IV]

WESTPORT HARBOUR ACCOUNT—continued Balance-sheet as at 31st March, 1943 Liabilities Assets Liability to Consolidated Fund— £ Endowment lands — £ £ Loan capital (National Development Loans .. Leased.. .. .. .. .. 35,532 Act, 1941, section fi) .. .. .. .. 369,575 Unleased .. .. .. .. 23,748 Other capital (Finance Act, 1932, section Ifi) .. 92,421 59,280 Breakwaters .. .. .. .. .. 344,333 461,990 Training-walls .. .. .. .. .. 102,998 Endowment capital .. .. .. .. 59,281 Protective works and relief channel .. .. .. 17,385 Sinking Fund Reserve .. .. .. .. 281,594 Limestone quarry .. .. .. .. .. 128 Writing-off' Reserve Account .. .. .. 95 Gridiron .. .. .. .. .. .. 1,230 Payments in advance .. .. .. .. 112 Dredge wharf .. .. .. .. .. 744 Creditors.— £ Martin's Island .. . . . . . . . . 700 Departmental .. .. .. .. 468 Harbour buildings .. .. .. .. 1,646 Sundry .. .. .. .. 4,452 Dredges, tug " Mana," plant, &c. .. .. .. 5,140 4,920 Cape Foulwind Railway .. .. .. .. 8,251 Treasury Adjustment Account .. .. .. 102,776 Offico furniture and fittings.. .. .. .. 25 Stock and stores .. .. .. .. .. 5,188 Breakwater Repairs Suspense Account .. .. 3,295 Debtors — £ Accrued revenue .. .. .. 467 Departmental .. .. .. . . 2,543 Sundry .. .. .. .. 3,377 6,387 Sinking Fund investments .. .. .. .. 281,594 Writing-off Suspense Account . . .. .. 95 Excess of expenditure over income .. .. .. 72,355 £910,774 £910,774 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 B. I [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

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