B—l [Pt. IV]

Balance-sheet as at 31st March, 1949 Liabilities Assets Creditors— £ £ Debtors— £ £ Departmental .. .. ... .. .. 397 Accrued revenue .. .. .. .. 1,876 Sundry .. .. .. .. .. 3,273 Departmental .. .. .. .. .. 1,872 Revenue paid in advance .. .. .. 83 Sundry .. .. .. .. .. 13,381 Liability to Consolidated Fund— 27,273 Finance Act, 1926, section 22 .. .. ..64,783 Fixed assets at cost, less depreciation— Finance Act, 1932, section 16 .. .. .. 92,422 Breakwaters .. .. .. .. .. 344,333 Endowment capital .. .. .. .. .. 59,042 Protective works and relief channels .. .. 17,384 General reserve as at 31st March, 1949 .. .. 57,221 Martin's Land Account .. .. .. .. 700 Less excess expenditure over income for 1948-49 .. 34,462 Limestone-quarry .. .. .. ~ 128 Treasury Adjustment Account .. ... .. .. 340,643 Harbour buildings .. .. .. .. 803 Writing-off Reserve Account .. .. .. .. 3 Dredge Wharf .. .. .... .. 186 Gridiron .. . . . . . . .. 966 Dredges, tug, plant, launch, and truck .. .. 20,341 Office furniture and fittings, and mechanical appliances .. .. .. .. .. 7 Signal Station wireless telephone .. .. 509 Endowment lands— Leased .. .. .. .. .. 36,902 Unleased .. ... .. 22,140 Deferred expenditure : Harbour lights conversion .. .. 471 Writing-off Suspense Account .. .... .. 3 Suspense Account .. .. .. .. .. 10 £583,405 £583,405

W. C. Smith, Secretary. J. Southward, Assistant Accountant. 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV],— J. P. Rutherford, Controller and Auditor-General.

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