B—l [Ft. IV]

55

Miscellaneous revenue 1,046 1,408 Less costs of administration, protection, &c. 111,127 27,256 83,871 201,906 11,698 190,208 Less net profit from Rotorua Utilization Branch 811,204 34,962 902,600 27,263 Net expenditure of capital moneys on forest development and management 776,242 875,337 Development of utilization units — Waipa Mill — Fixed assets Less increases in specific reserves 84,139 7,312 76,827 44,928 83,356 6,701 76,655 Or. 1,160 Increase in stocks, stores, &c. .. 121,755 75,495 Conical Hill MillFixed assets Less increases in specific reserves 14,329 14,329 416 48,785 784 48,001 16,705 Increases in stocks, stores, &c. .. .. .. .. .. 14,745 22,512 64,706 54,417 Murupara pulp, paper, and sawmilling project: Preliminary expenses, including net cost of tests and trials Net expenditure of capital moneys on development of utilization units 1 159,012 194,618 Development of administrative establishmentsBuildings Roads and miscellaneous improvements Equipment, stores, &c. Net expenditure of capital moneys on development of administrative establishments 5,711 Or. 668 17,278 22,321 13,587 2,242 13,239 29,068 Summary Net expenditure of capital moneys on — Forest development and management Development of utilization units Development of administrative establishments 776,242 159,012 22,321 875,337 194,618 29,068 Grand total £957,575 .. £1,099,023