STATE COAL-MINES (REPORT ON THE WORKING OF) FOR THE YEAR ENDED 31st MARCH, 1922.

Appendix to the Journals of the House of Representatives, 1922 Session I, C-02a

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1922. NEW ZEALAND.

STATE COAL-MINES (REPORT ON THE WORKING OF) FOR THE YEAR ENDED 31st MARCH, 1922.

Prepared in accordance with the requirements of Section 118 of lite Coal-mines Act, 190 S.

The General Manager, State Coal-mines, Wellington, to the Under-Secretary, Mines Department, Wellington. Sir,— 9th May, 1922. I have the honour to submit my annual report on the working of the State coal-mines for the year ended 31st March, 1922. Liverpool Colliery. The gross total output of coal for the year was 137,908 tons, a decrease of .15,814 tons 19 cwt. when compared with, the figures of last year. After making allowance for stocks on hand at the beginning of the year, and deducting mine consumption and waste, there remained for disposal 135,766 tons 11 cwt., which is accounted for as follows:— Export — Tons cwt. Tons cwt. Screened coal .. .. .. .. 14,286 11 Unscreened, coal .. .. . . .. 76,287 18 Small coal .. .. .. .. .. 17,715 1 — 108,289 10 Local sales — Screened coal .. .. .. .. 2,371 10 Unscreened coal .. .. .. .. 11,675 5 Small coal .. .. .. .. .. 5,727 0 19,773 15 Mine sales .. .. .. .. .. 250 2 Sold to workmen .. . .. .. .. .. 2,419 9 Stock in bin .. .. .. .. .. 3,846 2 6,515 13 •, . Stock on wharf— Screened coal .. .. .. .. 299 19 Unscreened coal . . . . . . .. 660 19 Small coal .. .. .. .. .. 226 1.5 1,187 13 Total .. .. .. .. .. 135,766 11 Used on works .. . . . . .. .. 3,255 0 Waste .. .. .. 1,01.7 0 4,272 0 The gross total output won from this colliery since its inception is 1,026,065 tons 14 cwt.

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Time worked,. —During the year the Nos. 1 and 3 mines worked 2291 days and 228| days respectively, out of a possible 313 days, a decrease of 211 days respectively as compared with the number of days worked last year. The difference between the days worked and the possible working-days is accounted for as follows : No. 1 Mine. No. 3 Mine. Pay Saturdays .. . . .. . . . . . . 26 26 Stop-work meetings . . . . . . . . . . 4 3 Union holidays .. . . .. .. .. 14 14 Quarterly cavils .. ... .. .. .. .. 1£ 11 Slips on railway . . . . .. .. .. . . 3 3 Slip on haulage-road . . . . .. .. 1 Breakdown Railway Department's locomotive. . .. .... 2 No steamers or orders .. .. .. .. 13 13 Wharf labourers idle ■ .. .. . . .. . . 2 2 Strike re new agreement .. .. .. .. ..18 18 Fall on rope-road .. . . .. . . .. .... 1 Bad bar .. .. .. .. .. .. .. 1 1 83* 84J Employees.— The average number of persons employed in and about the mine in connection with coal-winning was 318 (a decrease of 7 as compared with the previous year), made up as follows: Underground- Coal-hewers, 102; deputies, shiftmen, and truckers, 124. On the surface —63 men and 29 boys. In addition to those employed under the heading of "coalwinning," there were 14 men and 1 boy employed on property and development work, making a total number for this colliery of 303 men and 30 boys. Payments. —The total payments made in connection with coal-winning on" account of wages, stores, mine-timber, and compensation amounted to £89,686 12s. 10d., a decrease of £7,619 6s. 2d. in payments made compared with the previous year. Coal-hewers' Average Daily Earnings. —The coal-hewers' average daily gross earnings were 28s. 6-3 d., and the net return after making deductions for stores was 265. 0-73 d., a net increase of l-28d. per day compared with the previous year. Average Output per Miner. —The average daily output per miner was 6 tons 5-61 cwt. Underground Exploration. —At this colliery two mines are now being worked -namely, the Nos. 1 and 3 mines. In connection with the former two seams are worked, and are known as the Top seam and the Morgan seam. From, the top seam the output was principally obtained from the working of pillar coal, the, only exception being in a few places where the pillars could not be wholly extracted, but simply split and formed into small pillars, which are left to support the roof and prevent damaging the surface in the vicinity of small creeks. During the greater part of the year the output from the Morgan seam was derived from workings in course of being opened on the northern and western sides of the haulage-tunnel; but during the latter part of the year all development places had to be stopped owing to the seam pinching and the intrusion of stone bands. The output in future from this seam from the present mine-entrance will be obtained from the extraction of pillars. The output from the No. 3 mine was obtained from the extraction of pillars. At the beginning of the year twenty-one pairs of miners were employed therein, but owing to the working-area being reduced it was found necessary to reduce the number to fourteen pairs. Owing to the near exhaustion of this mine, a reduction in output must be expected in the near future. The No. 3a mine was closed in November last, all pillars that could be safely won having been extracted. During the year an outcrop of coal on the eastern side of the new Morgan seam, haulage-road has been prospected. The scam is 8 ft. thick, and dipping 1 in 3. The upper 3 ft. of the seam is good marketable coal, but the remaining 5 ft. is soft and suitable only for use on works for steamraising. Property and Development Work. —The principal work carried out under this heading was the construction, of a tunnel rising 1 in 1 from the Morgan seam tunnel to the surface for ventilation purposes. Where this tunnel intersected with the surface the strata was very broken for fully 40 ft., and to properly secure this portion arrangements have been made to put in a concrete arch, which will also be carried forward to connect with the fan which will be installed near where the tunnel connected with the surface. When this work is completed, and the fan installed, it should ensure good ventilation during the time the main tunnel is being driven to intersect with the Morgan and the upper seam. The distance remaining to be driven in. the main tunnel Is 24 chains to the upper seam and 29 chains to the Morgan seam. Immediately the fan herein referred to is erected arrangements will be made to commence driving the tunnel; this is imperative in view of the near exhaustion of the No. 3 mine. Surface Works. —The whole of the plant, machinery, and buildings have been maintained in good order and condition. IFB Addition to Plant. —The work of installing the Bellis Morcomb engine and electric generator from the Point Elizabeth Colliery, at the central power-house, is well under way,?and should be completed at an early date.

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Accidents. —There have been several minor accidents during the year, and 1 regret to report that one which was at first considered a minor accident proved fatal. The accident referred to was caused through the late R. J. Meade slipping on a flat-sheet outside the mine, whilst attending to a boiler used for heating the water for the bath-house at the No. 1 mine. James Mine. Underground Development. —The main haulage-drive has now been driven a distance of 29 chains. The first 15 chains were driven in stone, and at this distance borehole No. 15 was intersected, likewise the seam, the latter being only 3 ft. thick, as boring had already proved. From the latter point onward the main haulage-drive has been driven a distance of 14 chains in part stone and part coal. In driving the latter distance the seam has been variable both in thickness and quality, and in no case could be classed as marketable coal. In addition to driving the main haulage-drive, two level places are being driven in the direction of Kane's workings. The first level was started off the haulage-road near borehole 15, and the second level off the haulage-road midway between bores 15 and 16. The seam in both these levels has also been variable in quality and thickness. It is, however, pleasing to report that the seam in the main heading and also in the second level is improving both in thickness and quality. Surface Works. —During the year the following work has been completed on the surface : The erecting of the coal tipping and screening plant, together with the engine for driving the same ; the installation of an electrically driven Sirocco fan ; the laying-down of the concrete foundations for the unscreened portion of the bins ; the erection of an additional boiler ; and the clearing of sites for change and bath house, and storage magazine for explosives. In addition to the work referred to, two men have been employed for several months at the Point Elizabeth workshops repairing mine-tubs for this colliery. Employees and Expenditure. —The average number of persons employed in and about the colliery during the year was thirty. The expenditure incurred during the year was £17,365 9s. 5d.; this, together with the amount previously expended, brings the total amount expended in connection with the opening-up of this colliery to £37,809 6s. sd. Accidents. —A few minor accidents have occurred, and it is pleasing to report there have not been any of a serious nature. Sawmill. —The mine sawmill, which was situated at Dunollie for many years, has been dismantled and re-erected at Runanga. The sawmill is now centrally situated for the supplying of timber to the James and Liverpool Collieries. Macdonald Mine. Operations for the past year have included the extension of the main heading, laying foundations for the screening plant, completion of workshop and store, additions and alterations to two cottages on the property, and the planting of 31,000 trees suitable for mining-timber. Main Heading. —This heading was extended 390 ft. during the year, the total length now being 520 ft. The strata driven through from the commencement consisted of clean fireclay with thin veins of coal. This heading is now stopped, and is within 110 ft. of a borehole where the seam was proved to be 13 ft. 5 in. in.thickness. From this point onwards the seam has been proved to be continuous for a mile with no evidence of disturbance. Plant, (&c. —The workshop and store have been completed, and equipped with sufficient suitable plant-to meet present requirements. Other plant delivered at the mine includes a large stock of rails, flat-sheets, and mine-tub wheels. Foundations containing 70 cubic yards of concrete for the screen buildings have also been laid. Tree-plantation. —Two areas containing 34 acres were cleared and fenced, and the greater portion planted in trees suitable for mining-timber. The plants consisted of 8,000 Eucalyptus saligna and 23,000 Pinus radiata. The season proved a very favourable one, and the bulk of the trees are growing satisfactorily. Employees. —During the early part of the year there were, on an average, nine men regularly employed, but during the latter part the number was reduced to four, and operations were then confined to driving the main heading. Gkneral. Reviewing the work for the year, it will be seen there is a decided decrease in output, also in the number of days worked as compared with the previous year. The reduction of working-time has always a serious effect not only on the output but on the general average cost of production, for it must be noted that the maintenance of the mines must be attended to whether working or not. A new industrial agreement was entered into on the 3rd March, 1922, with a currency of nearly three years, and I am indebted to you for the valuable assistance rendered in connection with the drawing-up of the same. In conclusion I wish to say that all the officers have performed their duties in a satisfactory manner ; and the Consulting Engineer, also the Director of Geological Survey, has rendered valuable assistance in the various developments connected with the mines. I have, &c. I. A. James, General Manager. The Under-Secretary, Mines Department, Wellington.

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NEW ZEALAND STATE COAL-MINES. Balance-sheet, Statement of Liabilities and Assets as at 31st March, 1922. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. £ s. d Debenture loan .. 175,000 0 0 Liverpool Colliery and DevelopLoan under Appropriation nient Property Account— Act, 1912 .. .. 50,000 0 0 Balance at 31st March, Inscribed stock .. 2,001 0 7 1921 .. .. .. 84,104 8 10 227.001 0 7 Additions during the year .. 3,793 7 1 Debenture sinking fund.. .. 24,589 0 0 Accrued interest .. .. 4,025 19 7 87,957 15 11 Sundry creditors—■ Depreciation .. 8,795 16 7 Liverpool Colliery .. 20,030 10 11 79,102 0 4 James Colliery .. 339 0 9 Machinery, plant, ropes, and Mac Donald Colliery .. 19 4 8 rolling-stock— Wellington Depot .. 1,290 3 0 Balance at 31st March, Christehurch Depot .. 544 14 (I 1921 .. .. 40,200 14 10 Wanganui Depot .. 130 12 9 Additions during the year 4,210 8 5 22,300 12 1 Provision for audit fees — 44,483 3 3 Liverpool Colliery .. 70 0 0 Depreciation .. 4,453 0 4 Wellington Dopo't .. 55 0 0 49,030 211 Christohurch Depot .. 24 13 4 Buildings at mine— Wanganui Depot .. 35 0 0 Balance at 31st March, 184 13 4 1921 .. .. 4,751 12 1 Reserves — Additions during tiie year 148 10 11 General Reserve .. 51,407 2 8 Bad-debts Reserve .. 500 0 0 4,900 9 0 51,907 2 8 Depreciation .. 490 0 11 Contracts Deposit Ac- 4,410 8 1 count .. . ■ 35 0 0 Cottages at mine— Stocks Suspense Account 704 5 7 Balance at 31st March, 739 5 7 1921 .. .. 5,979 18 2 General Profit and Loss Additions . . .. 42 7 ill Account—■ Net profit for year .. .. 17,214 9 7 0,022 0 U Depreciation .. 002 4 7 5,420 1 5 Coal (stock on hand at mine and wharf) .. .. 3,701 15 0 Stores (stock on hand) .. 12,788 10 8 10,490 12 2 Sundry debtors .. .. .. 9,732 7 2 155,245 12 1 James Colliery and Development Property Account — Cost at 31st March, 1921 .. 15,590 3 1 Additions during the year .. 12,078 15 8 27,578 18 9 Machinery, plant, ropes, and rolling-stock— Cost at 31st March, 1921 4,943 13 11 Additions during the year 4,809 10 2 9,753 4 1 Buildings at mine— Expended during the year .. 477 3 7 37,899 0 5 Mac Donald Colliery anil Development Property Account — Cost at 31st March, 1921 .. 58,539 9 5 Additions during the year .. 4,010 10 5 03,149 19 10 Machinery, plant, and rol-ling-stock — Cost at 31st March, 1921 1,709 7 9 Additions during the year 2,551 19 8 4,201 7 5 Buildings at mine— Cost at 31st March, 1921 394 19 1 Additions during the year 84 18 2 179 17 3 Cottages at mine— Cost-it 31st March, 1921 1,808 8 3 Additions during the yoar 402 3 10 . 2,270 12 1 Plantation at mine— Cost at 31st March, 1921 53 15 5 Expended during the yoar 330 9 4 384 4 9 70,540 1 4 Carried forward .. .. 349,273 3 5 Carried forward .. .. .. 203,000 19 10

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NEW ZEALAND STATE GoAJcMJ,NEB— continued. Balance-sheet-— ooniimtsd. Liabilities —continued. £ s d. Assets —continued. £ s. d. £ s. d. Brought forward .. .. .. 349,273 3 5 j Brought forward .. .. .. 203,090 19 10 Wellington Depot Property Account — £ s. d. Balance at 31st March, 1921 2,394 0 7 Less sales .. .. 53 (I 0 2,341 0 7 Depreciation .. 234 2 1 . 2,100 18 0 Stocks on hand . . 2,047 18 7 Stocks Suspense Account .. 501 11 7 2,549 10 2 Sundry debtors . . . . . . 12,421 7 5 17,077 10 1 Christchuroh Depot Property Account— Balance at 31st March, 1921 3,240 14 9 Additions during the yoar .. 305 8 9 3,012 3 0 Depreciation .. 301 4 4 —— 3,250 19 2 Stocks on hand .. .. 2,053 14 2 Stocks Suspense Account .. 202 14 0 2,850 8 2 Sundry debtors . . .. .. 3,923 11 1 10,030 18 5 Wanganui Depot Property Account— Balanco at 31st March, 1921 1,389 15 0 Less sale .. .. 3 0 0 1,380 15 0 Depreciation .. 138 13 7 1,248 1 11 Stocks on hand .. .. .. 2,180 12 0 Sundry debtors .. .. .. 1,989 1 0 5,417 15 11 Suspense Account .. .. .. .. .. 23 11 2 Investment Account .. .. . v .. 20,000 0 0 Coal Purchased Suspense Account — Cost value of coal on hand, 31st March, 1922 .. 151 3 0 Cash in hand and in Public Account at 31st March, 1922 32,970 19 0 £349,273 3 5 , £349,273 3 5 State Coal-mines Office, Wellington, 26th June, 1922. G. Jas. Anderson, P. G. Pearce, Accountant. Minister of Mines. I hereby certify that the attached Working and Profit and Loss Accounts of Depots and Colliery, General Profit and Loss Account, Statement of Receipts and Payments, 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. Steps are being taken to carry out the requirements of section 17, Finance Act, 1921-22, re sinking funds —G. F. C. Campbell, Controller and Auditor-General.

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NEW ZEALAND STATE COAL-MTOES— continued. Statement of the Receipts and Expenditure for the Yeah ended 31st March, 1922. Receipts. Expenditure. To Cash in hand and in £ s. d. £ s. d. j By James Colliery— £ s. d. £ s. d. Public Account at Property and development .. 9,955 8 1 31st March, 1921 . . .. 18,292 10 4 j Machinery, plant, and rolling-stock 2,320 9 9 Proceeds of sale of coal 274,085 8 9 Buildings' .. .. .. 241 8 9 Recoveries .. 13,412 12 8 _ 12,517 0 7 Refunds. &c. .. 09 4 2 Liverpool Colliery— 288,107 5 7 Property and development .. 3,51111 0 Refund contract de- Machinery, plant, and rolling-stock 147 12 4 posit . . .. 25 0 0 Buildings' . . .. .. 149 19 4 Refund of investment 10,000 0 0 Stores and materials .. .. 22,094 19 3 Interest on investments 830 19 2 Wages .. .. .. .. 70,557 15 3 10,801 19 2 Timber . . .. .. . . 244 4 3 Special rate .. .. .. 1,909 8 0 Railway tickets .. .. .. 1,093 13 (i Special trains .. .. .. 5,140 12 6 Refund of revenue .. .. 10 0 Wharfage .. .. .. 3,004 16 3 Coal purchased .. .. .. 5 3 4 115,720 15 0 Mac Donald Colliery— Property and development .. 2,323 7 9 Machinery, plant, and rolling-stock 2,804 9 1 Buildings . . .. . . 144 12 2 Cottages . . .. .. 566 12 3 Plantation .. .. .. 353 0 3 0,192 1 0 Point Elizabeth Colliery Account . . . . 20 15 0 Wellington Depot Account .. .. 34,073 10 10 Christohurch Depot Account. . .. 14,457 0 1.1 Wanganui Depot Account .. .. 4,079 16 11 Coal purchased on account of depots (Suspense Account) .. .. 2,472 11 10 55,083 5 0 Management and office salaries . . 4,780 1 3 Rents .. .. .. .. 185 8 4 Interest .. .. .. .. 9,170 19 2 Travelling-expenses . . .. 318 18 11 Printing and stationery .. .. 100 15 7 Repairs and maintenance .. .. 2,005 18 0 Railway haulage ~ .. .. 18,734 511 Marine'freights .. .. .. 55,040 13 2 Terminal charges . . .. . . 423 4 0 Cargo adjustments .. .. .. 102 11 3 Postages and telegrams .. .. 242 11 10 Insurances . . . . .. 408 311 Compensation .. .. .. 1,549 9 3 General expenses .. . . .. 301 17 5 94,810 18 0 Cash in hand and in Public Account at 31st March, 1922.. ... .. ... .. 32,970 19 0 £317,322 1 I £317,322 1 1 Statement of General Profit and Loss Account for the Year ended 31st March, 1922. Dr. £ s. d. £ s. d. (Jr. £ s. d. £ ~ s. d. To Liverpool Colliery Trade Ex- By Liverpool Colliery Working pensos Account .. .. 115,107 14 5 Account—Gross profit .. 128,515 2 3 AVellington Depot Trade Ex- Wellington Depot Trading Acpensos Account .. .. 11,249 5 11 count—Gross profit .. i 3,872 10 5 Christohurch Depot Trade Ex- Christchuroh Depot Trading penses Account .. .. 5,915 0 1 Account—Gross profit .. 5,882 15 8 Wanganui Depot Trade Ex- Wanganui Depot Trading Aepenses Account .. .. 2,505 14 1 count —Gross profit .. 2,515 9 2 134,838 0 0 150,780 3 6 Point Elizabeth Lad debts .. 5 9 1 Seddonville Colliery—Recovery 110 14 7 Dunedin Depot—Bad debts .. 0 8 0 Point Elizabeth Collierv —Re517 7 covery .. .. .. 4,338 10 2 Balance—Profit for year carried down .. 21,700 9 7 Liverpool Colliery- Rents .. 483 10 3 Christohurch Depot—Recovery 54 10 0 4,987 5 0 interest on investments .. .. .. 830 19 2 £150,010 7 8 £150,010 7 8 Sinking Eund Account for redemption of loan Balance —Profit for year 1921-22 .. .. 21,700 9 7 capital .. .. .. .. 4,552 0 0 Balance—Not profit for year .. .. 17,214 9 7 £21,700 9 7 £21,700 9 7 „____„ I . , r „

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NEW ZEALAND STATE COAL-MlNES— continued. Statement of Liverpool Colliery Working Account for the Yhar ended 31st March, 1922. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Stock on hand .. .. .. .. 5,737 (I 8 By Sales of Liverpool coal .. 222,818 10 9 Coal-winning— Sales of Dunollie coal . . 23 10 9 Wages ... .. .. 77,793 1 0 Sales of timber .. .. 202 X) 2 Materials used .. ~ 4,105 19 3 Sales of stores .. .. 5,198 7 8 Stores used .. .. 0,234 13 7 Sales and hire of plant .. 161 13 2 Railway tickets .. .. 550 0 0 228,404 18 0 Plant sales and hire .. 103 13 2 Stock of coal on hand at 31st March, 1922, at Special trains .. .. 2,782 18 4 mine and wharf .. .. .. .. 3,701 15 0 91,570 11 10 Timber cut .. .. 150 12 5 Stores sold .. .. 4,851 13 10 Dunollie coal purchased .. 47 17 11 5,050 4 2 Special rate .. .. .. .. 1,287 15 1 Balance—Gross profit .. .. .. 128,515 2 3 £232,100 14 0 £232,100 14 0 Statement of Liverpool Colliery Profit and Loss Account for the Year ended 31st March, 1922. Dr. £ s. d. £ s. d. I Or. £ s. d. £ s. d. To Management and office salaries 4,725 0 6 ! By Gross profits at mine .. 128,515 2 3 Interest and exchange .. 5,703 18 10 Rents .. .. .. 483 10 3 Travelling-expenses .. .. 321 17 8 128,998 12 0 Printing and stationery .. 242 3 9 Repairs and maintenance .. 4,130 14 10 Telegrams and postages .. 247 10 2 Railway haulage .. .. 18,221. 10 1 Insurances .. .. .. 408 3 11 Compensation for accidents and fund .. .. .. 1,552 19 0 Cargo adjustments .. .. 82 5 6 General expenses .. .. 389 17 7 ... Marine freights .. .. 00,473 0 0 Terminal charges .. .. 294 0 0 Audit fees .. .. .. 70 0 0 Bad debts—Coal .. . . 5 5 4 Wharfage .. .. .. 3,850 13 10 Horses destroyed .. .. 47 0 0 Depreciation — Mine, buildings, plant, and machinery . . 14,341 1 5 115,107 14 5 Balance—Net profit .. .. .. 13,830 18 1 £128,998 12 0 £128,998 12 0 Wellington Depot Trading Account for the Ykar ended 31st March, 1922. Dr. £ s. d. £ s. d. I Or. £ s. d. £ s. d. To Stocks on hand at 31st March, 1921 .. .. 1.510 II) 9 By Sales of coal .. .. 128,121 15 2 Purchases of coal .. .. 113,144 15 2 Sales of firewood, coke, &c. .. 2,383 14 0 Purchases of firewood, coke, &o. 1,582 14 7 130.505 9 2 114,727 9 9 Stocks on hand at 31st March, 1922—FireCartage to depot .. .. 1,273 17 10 wood, &0. .. .. .. .. 2,047 18 7 Wharfage .. .. .. 1,108 13 0 2,442 10 10 Balance—Gross profits .. .. 13,872 10 5 £132,553 7 9 £132,553 7 9 Wellington Depot Profit and Loss Account for the Year ended 31st March, 1922. Dr. £ s. d. £ s. d. Or. £ s. d. To Wages .. ... .. 2,887 7 1 By Balance of Trading Account .. .. 13,872 10 5 Salaries .. .. .. 1,527 13 2 Rents .. . . .. 850 0 0 Rates .. .. .. 252 2 8 Interest .. .. .. 171 5 8 Travelling-expenses and allowances .. .. .. 34 11 8 Repairs and maintenance .. 592 10 3 Telegrams and postages .. 57 8 3 Printing and stationery .. 194 4 9 Insurances .. .. .. 9 0 5 Cartage .. .. .. 4,124 12 5 Sacks .. .. .. 21 II 9 Freights, &c. . . .. 82 17 0 General expenses .. .. 154 8 3 Compensation .. .. 5 7 0 Audit fees .. .. .. 38 0 0 Bad debts written off .. 5 17 0 Depreciation .. .. 234 2 1 11,249 5 11 Balance—Net profit .. .. .. 2,623 10 6 £13,872 16 5 £13,872 10 5

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NRW ZEALAND STATE COAL-MlNES— contvuWb Christchuroh Depot Trading Account for the Year ended 31st March, 1922. Dr. £ s. d. £ s. d. , Or. £ s. d. £ s. d. To Stocks on hand at 31st March, : By Sales of coal .. .. 54,284 19 10 1921 .. .. .. .. 1,324 10 7 Sales of firewood, coke, &c. .. 2,007 2 0 Purchases of coal .. .. 48,10113 2 50,292 110 Purchases of firewood, coke, &c. 1,989 0 0 Stocks on hand at 31st March, 1922 —■ 50,150 19 2 Coal .. .. .. 1,901 5 1 Haulage to depot .. .. .. 1,587 4 7 j Firewood, coke, &o. .. 752 9 1 Gross profit.. .. .. 5,882 15 8 j 2,053 14 2 £58,945 10 0 £58,945 16 0 ———= | m—mimm—mmmm Christchuroh Depot Profit and Loss Account for the Yf.ar ended 31st March, 1922. Dr. £ s. d. £ s. d. I Or. £ s. d. To Wages .. .. .. 1,894 10 1 By Balance of Trading Account .. .. 5,882 15 8 Salaries .. .. .. 1,390 19 5 ' Recoveries .. .. .. .. 54 10 0 Interest and exchange .. 172 19 10 Repairs and maintenance . . 144 4 2 Telegrams and postages .. 30 11 5 Printing and stationery .. 40 5 9 Insurances . . .. .. 10 19 5 Travelling-expenses .. .. 161 4 5 Cartage .. .. .. 1,515 17 0 Freights . . .. .. 81 9 9 General expenses .. .. 77 10 5 Audit fees . . .. .. 14 13 4 Compensation .. .. 18 10 9 Depreciation .. .. 301 4 4 5,915 0 1 Balance—Net profit .. .. .. 21 19 7 £5,937 5 8 £5,937 5 8 Wanganui Depot Trading Account for the Year ended 31st March, 1922. Dr. £ s. d. £ s. d. 1 Or. £ s. d. £ s. d. To Stocks on hand at 31st March, , By Sales of coal .. .. 25,510 14 11 1921 .. .. .. .. 2,13713 4 : Sales of firewood, coke, &c. .. 1,545 9 9 Purchases of coal .. .. 23,039 5 0 27,002 4 8 Purchases of firewood, coke, &c. 090 10 II Stocks on hand at 31st March, 24,329 15 11 ! 1922— Haulage to dopot .. .. .. 259 1.8 9 Coal .. .. .. 1,272 2 0 Gross profit. . .. .. .. 2,515 9 2 Firewood, coke, &C. .. 908 10 0 2,180 12 0 £29,242 17 2 j £29,242 17 2 Wanganui Depot Profit and Loss Account for the Year ended 31st March, 1922. Dr. £ s. d. £ s. d. I Or. £ s. 'd. To Wages .. .. .. 52119 I By Balance of Trading Account .. .. 2,515 9 2 Salaries .. .. .. 565 0 7 Rents .. .. .. 150 0 0 Interest and exohange .. .. 130 15 2 Repairs and maintenance .. 41 3 I Telegrams and postages .. 23 13 4 Printing and stationery .. 54 13 9 Travelling-expenses .. .. 55 0 0 Insurance .. .. .. 0 10 8 Cartage .. .. .. 700 12 5 Freights, &c. .. .. .. 40 10 5 General expenses .. .. 30 2 0 Audit fees .. .. .. 35 I) 0 Depreciation .. .. .. 138 13 7 2,505 14 1 Balance—Profit .. .. .. 9 15 1 ! . . £2,515 9 2 , £2,515 9 2

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NEW ZEALAND STATE COAL-MINES— continued. Table showing the Position of the State Coal-mines Account from Inception to 31st March, 1922.

Approximate Coat of Paper. —Preparation, not given: printing (550 copies), £15 10s.

By Authority : W. A. G. Skinner, Government Printer, Wellington.—l 922.

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Name or Works. Total Capita! Expenditure. Total Amount of ' As8et !;, J*?* Ca P ital Net Profits. Net Losses. Liabilities as per Balance-sheet, 1922. I £ s. d. 98,210 9 0 2,291 6 11 £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Point Elizabeth Colliery Less loss by fire and sales .. 139,390 6 4 95,919 2 1 95,919 2 1 Liverpool Colliery .. 94,213 2 9 129,022 12 9 31,867 2 11 20,100 16 11 223,235 15 6 Seddonville Colliery Less sales 38,187 6 8 548 17 0 37,638 9 8 38,330 10 6 37,638 9 8 Briquette-works property Less sales of plant 16,135 2 6 2,006 5 0 14,068 17 6 22,060 18 10 14,068 17 6 Oharming Creek prospecting .. 5,956 18 6 5,956 18 6 5,954 II 8 Wellington Depot property .. Less sales 6,247 10 10 159 5 6 3,981 6 10 2,106 18 6 5 10,568 16 9 1,351 3 0 James Colliery 6,088 5 4 37,809 6 5 339 0 9 Christchuroh Depot property.. Less loss on horses 8,522 3 11 105 0 0 5,166 4 9 3,250 19 2 2,239 11 8 569 7 4 MacDonald Colliery 8,417 3 11 70,546 1 4 70,546 1 4 1914 8 Wanganui Depot property Less loss on horses 2,980 12 6 85 0 0 1,647 10 7 1,248 1 11 1,836 10 1 165 12 9 Dunedin Depot property Less sale of plant ., 2,895 12 6 2,023 3 7 641 10 0 Hulks property Less sales 1,381 13 7 1,381 13 7 4,248 3 5 4,033 15 5 1,948 17 0 2,084 18 6 Office furniture Less sales 2,084 18 5 1,786 12 11 189 13 9 17 5 0 172 8 9 172 8 9 172 8 9 Grand total Less losses and sales 514,077 19 11 7,803 0 5 interest on investments Discounts Dash lost (highway robbery) .. 500,214 13 6 202,230 13 5 243,984 0 1 2,332 1 9 13 2 9 89 0 1 rotals, profits and losses Balance, profits over losses Stocks on hand Investment Account Suspense and Deposit Accounts Sundry debtors Cash on hand Debentures and Loan Account Bad-debts Reserve .. A.ocruod interest Sinking Fund Account 3eneral Reserve Glencral Profit and Loss Account Contracts Deposit Account Stocks Suspense Account 24,228 6 0 20,000 0 0 23 11 2 28,006 7 2 32,970 19 0 177,628 18 4 83,867 6 1 93,761 12 3 227,601 0 7 500 0 0 4,025 19 7 24,580 0 0 51,407 2 8 17,214 9 7 35 0 0 704 5 7 349,273 3 5 177,028 18 4 177,028 18 4 349,273 3 5