D.—l

MAIN HIGHWAYS ACCOUNT— continued General Balance-sheet as at 31st March, 1945

J. W. Scott, A.R.A.N.Z., Cliief Accountant, Public Works Department. W. L. Newxham, M.lnst.C.E., 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.— Cyril G. Collins, Controller and Auditor-General.

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LIABILITIES. Total. ASSETS. Total. | £ £ £ £ Consolidated Fund: Interest due .. .. .. .. .. .. 897,580 Cash in Public Account — Sundry creditors .. .. .. .. .. .. .. .. 171,110 At call .. .. .. .. .. .. .. .. 4,968 Sundry debtors .. .. .. .. .. .. .. .. 29,281 Advances to local authorities (Main Highways Amendment Act, 1926, .. 19,594 section 2) Motor-registration fees in hands of Postal Department .. .. .. .. 11 *366 Interest due and accrued .. .. .. .. .. .. .. 523 Buildings and land .. .. .. .. .. .. .. 88,539 Stocks of materials, tools, &c. .. .. .. .. .. j .. 133,704 Furniture, fittings, &c. — Expenditure to 31/3/45 .. .. .. .. .. .. 927 Less depreciation to 31/3/45 .. .. .. .. .. 754 ' 173 Plant and equipment — For Main Highways Board — Expenditure to 31/3/45 .. .. .. .. .. 654,113 Less depreciation charged to works .. .. .. .. 588,571 ! 65,542 Purchased for local authorities — Expenditure to 31/3/45 .. .. .. .. .. 367,935 Less repayments of principal .. .. .. .. .. 354,768 13,167 Excess of expenditure over income for 1944-45 .. .. .. 536,878 Balance at 31st March, 1944 .. .. .. .. .. 164,955 701,833 £1,068,690 | 1 £1,068,690 1 | = Notes. —(a) No liability is included for interest on loans redeemed out of Public Debt Repayment Account. (5) The two funds, previously known as " Construction " and " Revenue," were amalgamated as from 1st April, 1936, and are now termed the " Main Highways Account," in accordance with section 3, Finance Act (No. 2), 1935.