B—l [Pt. IV]

STATE FOREST SERVICE— continued STATE FORESTS ACCOUNT— continued Balance-sheet as at 31st March, 1947 Liabilities £ Assets £• Land and forest capital .. .. .. .. 36,441,916 Land taken over or purchased .. .. .. .. 1,720,595 National-development loans .. .. .. .. 4,927,438 Indigenous standing forests taken over or purchased .. 34,028,190 Advances from Consolidated Fund .. 87,405 Indigenous forests improvements (roads, tracks, protection, &c.) 8,427 Sundry creditors— Regeneration of cut-over areas (including planting) .. 65,451 Consolidated Fund for— £ Indigenous forests under management .. .. .. 141,682 Interest paid on loans .. .. .. 1,569,299 Cost of establishment of exotic forests .. .. 7,919,415 Loans redeemed .. .. .. 141,554 Seed stocks .. .. .. .. .. .. 1,212 National-endowment revenue collected but Utilization plant, stocks, &c.— not paid over .. .. .. 30,909 Whakarewarewa: Sawmill, box-factory, and £ creosoting .. .. .. .. 405,489 1,741,762 Hanmer Springs: Creosoting .. .. .. 2,792 On open account .. .. .. .. 122,705 Southland: Creosoting .. .. .. 17,767 1,864,467 Miscellaneous .. .. .. .. 2,788 Reserves— j 428,836 General reserves— Departmental property (indigenous forests and Indigenous forests .. .. ..1,163,313 general administration)— Exotic forests .. .. .. .. 941,376 j Buildings .. .. .. .. .. 7,434 Utilization (sawmilling, &c.) .. .. 42,742 Field, office, and miscellaneous equipment .. 25,772 Forest atlas .. .. .. .. .. 4,733 2,147,431 Motor-vehicles .. .. .. .. 25,642 Fire Insurance Reserve .. .. .. 11,385 Reference library and saleable publications .. 1,319 Reserve for assets held in suspense (see contra) ' 2,913 Stamps on hand .. .. .. .. 242 2,161,729 | 65,142 Credit Suspense Account .. .. .. .. 511 | Sundry debtors on open account .. .. .. .. 180,818 Amounts held in deposit (see contra) .. .. .. 33,932 j Net interest payable capitalized but not charged against specific : assets .. .. .. .. .. .. 893,788 Assets in Suspense (see contra) .. .. .. .. 2,913 I Cash held in deposit (see contra) .. .. .. .. 33,932 Cash in Public Account and outstanding imprests .. .. 26,997 £45,517,398 £45,517,398

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