B.—l [PT. IV]

STATE FOREST SERVlCE —continued STATE FORESTS ACCOUNT Income and Expenditure Account foe the Year ended 31st March, 1944 General Revenue Account Expenditure £ Income Salaries and contributions to Public Service Timber—- £ £ Superannuation Fund .. .. .. ..22,479 Royalties .. .. .. 9,045 General management of indigenous forests — £ Sales .. .. .. .. 117,974 Postages, cables, stationery, &c. .. .. 2,522 Trespass .. .. .. .. 222 Forest reconnaissance, timber cruising, &c. .. 13,983 127,241 Legal expenses .. .. .. .. 66 Leases — Office rent, heating, lighting, and cleaning .. 2,016 Grazing .. .. .. .. 1,546 Transportation expenses and maintenance of Sawmill sites .. .. .. .. 277 motor-vehicles .. .. .. 2,329 Miscellaneous .. .. .. .. 128 Travelling and transfer expenses .. .. 4,136 1,951 Maintenance of buildings and departmental License and transfer fees .. .. .. .. 261 property .... .. .. .. 437 Fees for inspections .. .. .. .. 2,621 Contingencies .. .. .. .. 24 Administration expenses (Forests Amendment Act, 1926) 1,169 25,513 Miscellaneous revenue .. .. .. .. 3,653 Forest-fire prevention : Fire-fighting wages, &c. .. 912 Managed forests — Research and educational: Silvicultural management Omahuta: Profit and royalty .. .. .. 23,354 studies and timber products testing .. .. 790 Whirinaki: Profit and royalty .. .. -. 12,467 Miscellaneous— £ Annual rent, Otanewainuku .. .. 74 Payment of special rates .. .. .. 49 Work of other Departments .. .. 1,239 Bad debts .. .. .. ■ • 14 1,376 Managed Forest: Puketi, maintenance of .. .. 637 Depreciation .. .. .. .. •• 4,687 Timber-control expenses (to be recovered) .. .. 13,297 Balance carried down .. .. .. .. 103,026 £172,717 £172,717 Allocation of Revenue Account Dr. £ Cr. £ Consolidated Fund— Balance from General Revenue Account .. .. 103,026 National Endowment Account revenue (Forests Act, Working Railways Account (Finance Act, 1936, Section section 39 (2) .. .. .. .. .. 16,196 24 (1) and (2) .. .. .. .. .. 95 Local bodies : Fifths of revenue (Finance Act, 1924, seotion 17) .. .. .. .. .. 15,350 General Reserve .. .. .. .. •• 71,575 £103,121 £103,121 Nurseries and Plantations: Interest and Miscellaneous Dr. £ Cr. £ Loss on Westland Nursery .. .. .. 11 Interest on commercial projects .. .. ..14,838 Interest payable .. .. .. .. •• 145,078 Net interest payable capitalized .. .. .. 130,251 £145,089 £145,089 Balance-sheet as at 31st March, 1944 Liabilities £ Assets £ Capital Account .. .. .. .. 36,411,029 Land .. .. .. .. .. 1,632,193 Loans from Treasury .. .. .. .. 3,607,438 Standing forests .. .. .. .. 34,028,190 Advances from Consolidated Fund .. .. 87,405 Forest improvements, roads, demarcation, &c. .. _ 6,904 Sundry creditors —■ Plantations .. .. .. .. .. 6,550,056 Consolidated Fund for— £ Regeneration areas .. .. .. .. 63,181 Interestpaid .. .. .. 1,072,016 Managed forests .. .. .. .. 71,343 Loans redeemed on conversion .. 141,554 Utilization plant .. .. .. 392,428 National endowment .. .. 20,196 Departmental property, indigenous forests: BuildOn open accounts .. .. 53,371 ings, equipment, motor-vehicles, reference library, 1,287,137 stores, &c. .. .. .. .. •• 16,150 Reserves, general .. .. • • • • 1,963,141 Sundry debtors .. .. .. •. 113,100 Amounts held in deposit .. .. .. 9,768 Cash in Public Account .. .. .. 30,698 Reserve for assets in suspense .. .. .. 11,749 Net interest payable, capitalized as from Ist April, 1940 .. .. .. .. .. 440,744 Administration expenses not yet allocated .. 11,163 Cash held in Deposit Accounts .. .. .. 9,768 Assets in suspense .. .. .. .. 11,749 £43,377,667 £43,377,667 Notes. (1) 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, 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 16s. Bd. representing the expenditure on sand-dune reclamation, having been transferred without statutory authority to the Crown Lands Account. Alex. R. Entbioan, Director of Forestry. R. J. Muib, A.R.A.N.Z., Acoountant. I hereby certify that the Working Accounts, Profit ancl Loss Account, Revenue 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]. —J. P. Rutherford, Controller and Auditor-General.

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