B—l [Pt. IV]

Liabilities £ £ Assets £ Sundry creditors— Capital Account balance .. .. .. .. 1,849,516 Money-order payees for unpaid money-orders 114,760 Stock at stores, &c., and in transit at stock-list prices, less Other Administrations, on money-order, oncost .. .. .. .. .. .. 3,107,391 postal, and cable accounts .. .. 22,379 Investment in Government Stocks on account Postal-note payees for unpaid postal notes .. 104,264 of— £ National Savings coupons sold and unredeemed 14,082 Post Office Investment Certificates .. 167, 650 Liability for material purchased by Treasury 1,450,509 National Savings deposits and bonds .. 28,355,0Q0 Other Government Departments .. .. 4,726,226 Post Office investments under section 100 of Sundry other creditors .. .. .. 2,295,685 Post and Telegraph Act, 1928 .. 8,584,700 8,727,905 37,107,350 War Loan Certificates Account .. .. .. 3,432 Sundry debtors— Post Office Investment Certificate Account .. .. 159,978 Other Administrations on money- order National Savings Fund Account .. .. .. 17,891,297 account .. .. .. .. 25,847 National Savings Bond Fund Account .. .. .. 10,977,195 Sundry other debtors .. .. .. 1,126,520 Reserve for depreciation and obsolescence .. .. 7,139,084 1,152,367 Fire Insurance Reserve .. .. .. .. 275, 000 Postmasters' balances and cash in bank .. 9,993, 649 War Damage Insurance Reserve .. .. .. 420,908 Less Savings-bank funds held in balance .. 830,153 Reserve for accumulated leave of servicemen .. .. 173,637 9,163,496 Reserve to meet estimated liability to holders of holiday- Interest accrued on investments .. .. .. 210,272 pay cards .. .. .. .. .. .. 49,897 Bulk stock of stamps and other documents of value held in Foreign Mail Settlement Reserve .. .. .. 99,882 Head Office .. .. .. .. .. 52,896,441 Reserve for monetary liquidation of deferred leave of officers Assets written off Suspense Account .. .. 7,022 other than servicemen .. .. .. .. 15,000 Earthquake Damage Reserve .. .. .. .. 253, 032 Assets written off Reserve .. .. .. ... 7,022 Postmasters: For advances to Postmasters of stamps, postal notes, British postal orders, and other documents of value .. .. .. .. .. .. 4,682,402 Stamps and other documents of value held in Head Office and in transit .. .. .. .. .. 53,039,753 Profit and Loss Appropriation Account .. .. ..1,578,431 £105,493,855 £105,493,855 J. J. Knight, A.R.A.N.Z., Director of Accounts. P. N. Cryer, 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.— J. P. Rutherford, Controller and Auditor-General.

POST AND TELEGRAPH DEPARTMENT— continued General Balance-sheet

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