B—l [Pt. IV]

NEW ZEALAND FOREST SERVICE Statement of Expenditure and Income on Capital Account for the Two Years Ended 31st March, 1949

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I Years Ended 1 31st March, 1948. 1949. Forest development and management — £ £ I £ £ £ £ Managed forest — Direct expenses of development and management — Establishment 88,320 114,929 Tending 64,161 85,995 Protection 94,505 109,769 Maintenance of permanent assets 91,550 120,635 Miscellaneous administrative expenses 95,785 121,597 434 321 552,925 Provision of permanent assets — Buildings (including housing, camps, &c.) 169,589 257,355 Roads, bridges, tracts, &c. 63,129 93,411 Plant, vehicles, equipment, &c. 103,950 92,520 Other improvements, stocks, &c. 170,196 166,212 506,864 609,498 Acquisition of land 79,000 57,244 Miscellaneous specific reserves, pools, and suspenses 89 6,504 1,020,274 1,226,171 Less income from managed forests — Sales of logs 259,868 201,530 Less costs of logging, transport, &e. 218,357 115,584 41,511 85,946 Sales of standing timber 80,724 45,177 Less costs of appraisal and supervision 15,228 12,167 65,496 33,010 Miscellaneous revenue 18,192 14,407 125,199 133,363 895,075 1,092,808 Non-managed forests — Income from non-managed forests — Sales of standing timber 119,422 214,292 Less costs of appraisal and supervision 16,083 21,990 103,339 192,302 Sales of other produce 9,412 i 10,811 Less expenses of supervision, &c. 2,670 6,742 ! 2,615 8,196