B.—l [FT. IV]

POST AND TELEGRAPH DEPARTMENT —continued. Balance-sheet as at 31st March, 1944 Receipts and Expenditure on Capital Account

1 I- 1 '■ 1 i= ==[== — = General Balance-sheet Liabilities £ £ Assets £ Sundry creditors— Capital Account balance .. .. .. .. .. .. .. 1,629,161 Money-order payees for unpaid money-orders .. .. .. 110,660 Stock at stores .. .. .. .. .. .. .. .. 1,685,724 Other Administrations, on money-order, postal, and cable accounts .. 122, 948 Investment in Government stocks on account of— £ Postal-note payees for unpaid postal notes .. .. .. .. 102,758 Post Office Investment Certificates .. .. .. .. 242,650 National Savings coupons sold and unredeemed .. .. .. 12,293 National Savings deposits and bonds .. .. .. .. 19,437,000 Other Government Departments .. .. .. .. .. 4,115,490 Post Office investments under section 100 of Post and Telegraph Act, 1928 8,685,073 Sundry other creditors .. .. .. .. .. .. 1,654,095 28,364,723 6,118, 244 Sundry debtors— War Loan Certificate Account .. .. .. .. .. .. 3,856 Other Administrations, on money-order account .. .. .. 17,905 Post Office Investment Certificate Account .. .. .. .. .. 214,508 Sundry other debtors .. .. .. .. .. .. 1,720,950 National Savings Fund Account .. .. .. .. .. .. 11,524,462 1,738,855 National Savings Bond Fund Account .. .. .. .. .. 8,124,712 Postmasters' balances and cash in bank .. .. .. .. 7,239,136 Reserve for depreciation and obsolescence .. .. .. .. .. 6,726,369 Less Savings-bank funds held in balance .. .. .. .. 772,686 Fire Insurance Reserve .. .. .. .. .. .. .. 250,000 6,466,450 War Damage Insurance Reserve .. .. .. .. .. .. 420,908 Interest accrued on investments .. .. .. .. .. .. 149,520 Reserve for accumulated leave .. .. .. .. .. .. 138, 106 Bulk stock of stamps and other documents of value held in Head Office .. .. 49,994,884 Earthquake Damage Reserve .. .. .. .. .. .. 171,322 Assets written off Suspense Account .. .. .. .. .. .. 6,122 Assets written off reserve .. .. .. .. .. .. .. 6,122 Postmasters : For advances to postmasters of stamps, postal notes, British postal orders, and other documents of value .. .. .. .. .. 4,603,213 Stamps and other documents of value held in Head Office and in transit .. .. 50,099, 101 Profit and Loss Appropriation Account .. .. .. .. .. 1,634,516 £90, 035, 439 £90, 035, 439 J. J. Knight, A.R.A.N.Z., Director of Accounts. H. M. Patrick, Director-General, Post and Telegraph Department. I hereby certify that the Profit and Loss 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.— Cyril G. Collins, Controller and Auditor-General.

28

A3 at 1st April, Amount debited As at 31st March, p Capital as at 1st i Amount received Capital as at 31st | 1943. during Year. 1944. * April, 1943. ! during Year. March, 1944. Expenditure — £ £ £ Receipts — £ £ £ Telegraph and toll systems, including Public Works Account and National works in progress .. .. 3,055,281 6,302 3,061,583 Development Loans Account .. 17,206,788 268,718 17,475,506 Telephone-exchange systems, including Aeradio Adjustment Account (Consoliworks in progress .. .. 10,272,391 171,840 10,444,231 dated Fund contribution to aeradio Wireless systems .. .. .. 80,011 17,081 97,092 assets) .. .. .. 158,492 16,399 174,891 Buildings and sites .. .. 4,656,564 148,467 4,805,031 Tools and plant .. .. .. 130,500 31,759 162,259 Motor assets .. .. .. 281,090 26,413 307,503 Furniture and fittings .. .. 223,917 3,051 226,968 Aeradio systems — Communication equipment .. .. 106,583 16,237 122,820 17,365,280 285,117 17,650,397 Buildings.. .. .. .. 51,909 162 52,071 Balance carried to General Balance-sheet .. .. 1,629,161 18,858,246 421,312 19,279,558 .. .. 19,279,558 i —— — — —