STATE COAL-MINES (REPORT ON THE WORKING OF) FOR THE YEAR ENDED 31st MARCH, 1923.

Appendix to the Journals of the House of Representatives, 1923 Session I-II, C-02a

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Session 11. 1923. NEW ZEALAND.

STATE COAL-MINES (REPORT ON THE WORKING OF) FOR THE YEAR ENDED 31st MARCH, 1923.

Prepared in accordance with the requirements of Section 118 of the Coal-mines Act, 1908.

The Superintendent, State Coal-mines, Greymouth, to the Under-Secretary, Mines Department; Wellington. Sir,— 15th May, 1923. I have the honour to submit my annual report on the working of the State coal-mines for the year ended 31st March, 1923. Liverpool Colliery. The gross total output of coal for the year was 116,285 tons 3 cwt., a decrease of 21,622 ton s 17 cwt. when compared with the figures of last year. After making allowance for stocks on hand a* the beginning of the year, and deducting mine consumption and waste, there remained for disposal 117,391 tons 15 cwt., which is accounted for as follows : — Export — Tons.fiCwt. Tons. Cwt. Screened ... .. .. .. .. 18,9575,. 4 Unscreened .. .. .. .. .. 46,432|12 Small .. .. .. .. .. .. 32,548 181 9 Local sales — : ; | Screened .. .. .. .. .. 893 11 Unscreened .. . . . . .. .. 6,981 15 Bunker .. .. .. .. .. 5,316 15 13,192 1 Mine sales — Mine sales .. . . .. . . .. 26 10 Sold to workmen.. .. .. .. .. 2,268 1 Stock in bin .. .. .. .. .. 3,581 12 5,876 3 Stock on wharf — Screened .. .. .. .. .. 248 13 Unscreened .. .. .. .. .. 136 9 385 2 117,391 15 Used on works .. • .. .. .. .. 3,258 0 Waste 669 3 3,927 3 Days worked. — During the year the Nos. 1 and 3 mines worked 209| days and 215J days respectively, a decrease of 19-J and 13J days respectively, as compared with the number worked last year. The mine was idle for the reasons hereinafter set forth and for the periods mentioned, viz. :— No. 1 Mine. No. 3 Mine. Union holidays (not in award) . . .. .. .. 3 3 Union holidays (award) .. . . .. .. 20 20 Pay Saturdays .. .. .. .. .. .. 26 26 Seamen's strike .. .. .. .. .. ..11 11 Strike over walking-time .. .. .. ... .. 13 12 Stop-work meetings at mine . . .. .. .. .. 4 2 Stop-work meetings at wharf . . .. .. .. 1 1 Strike over reduced rates . . . . . . .. .. 2 1 Delays to shipping and irregularity of orders .. .. .. 17 17 Bar unworkable .. .. .. • • • ■ .. 1 1 Slip on railway .. .. .. .. .. .. 2 2 Fall on endless-rope road .. .. .. .. \\ Quarterly cavils .. .. • ■ • • • • If If 103J 97f

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Employees. —In connection with coal-winning, tho average number of persons employed in and about the mine was 303 (a decrease of 15 as compared with the previous year), made up as follows : Underground—Coal-hewers, 103 ; deputies, shiftmen, and truckers, 106. On the surface —64 men and 30 boys. In addition to those employed under the head of " coal-winning," there were 27 men and 1 boy employed on prospecting and development work, making a total number for this colliery of 300 men and 31 boys. Payments. The; total payments made in connection with coal-winning on account of stores, mine-timber, and compensation amounted to £69,614 9s. 7d., a decrease of £20,072 3s. 3d., in payments compared with the previous year. Coal-hewers' Average Daily Earnings. —The coal-hewers' average daily earnings (gross) were £1 3s. 10-82 d. ; and after making deductions for stores (explosives) the net return was £1 Is. 8-2 d., an average reduction of 4s. 4-53 d. per day compared with tho previous year. Daily Output. —The average daily mine-output was 547 tons 4-48 cwt., and the average daily output per coal-hewer was 6 tons 1-04 cwt. Days worked by Coal-hewers. —The total number of days that could have been worked by coalhewers was 22,685g, the number worked was 18,792-J ; and. the number of days lost, including those lost through sickness, was 3,893§. Taking the average tonnage per miner per shift at 6 tons 1-04 cwt., and the days lost by coal-hewers 3,893f, this represents a loss in output of 16 per cent., or a total of 23,564 tons 4-37 cwt. Underground Development. —The bulk of the year's output was obtained from pillar-extraction from the Nos. 1 and 3 sections of the colliery, the only exception being where a small output is obtained from workings in the course of being opened at the No. 3 mine extension, and the Nos. 4 and 4a mines. In the No. 1 section there are thirty-four pairs of miners employed : this includes the Morgan and the Upper seam. As there is no development-work going on in this section, it would not be out of place to say that within the next three or four years the aroa of standing pillars remaining to be worked will bo small. In tho No. 3 mine the workable area is now so reduced that only seven pairs of miners are now employed. It is, however, anticipated that it will be possible to maintain this number during tho ensuing year. In the No. 4 mine the main heading has been driven a distance of 9 chains, and so far it has not been possible to extend the levels (right or loft) off the heading more than a chain before encountering troubled ground. On the right-hand side, and barely a chain away, there is a fault running parallel with the dip, which completely cuts out the seam ; and on the left-hand side, about the same distance away, the seam falls over almost perpendicular. Unless the seam becomes more uniform, and opens up in such a manner as to enable levels to be extended a reasonable distance, the question of stopping development-work in this mine will have to be considered. No. 4a mine : Development - work so far carried out at this mine has not been of a very encouraging nature. In the seam now being worked there are four dirt-bands, the aggregate thickness of which is about 20 in. The total thickness of the seam, including the four dirt-bands, is 8 ft. 6 in. To work a seam of coal of this nature is not a very satisfactory operation ; but, as the quality of the coal in this case is good, it is the management's intention to continue further driving in order to ascertain whether these dirt-bands will either reduce in thickness or pinch out altogether. No. 3 mine, extension : This is a mine that is being opened up near the end of the backshunt in the colliery sidings. The seam being developed averages 6 ft. 6 in. in thickness, and is undoubtedly the same as that now being worked at the No. 3 mine, but is separated from the latter by a downthrow fault. Two parallel winning headings 2 chains apart have each been driven a distance of over 100 ft., and it is pleasing to report that the coal so far won is equal in every respect to that now being won from, the No. 3 mine. Deeelofment-work. —Work under this head has been confined to the construction of the low-level tunnel into the Upper and Morgan seams. In connection with the driving of this tunnel, it was in the first place considered it could be driven the full distance of 56 chains, and ventilated by means of a column of air-pipes 16 in. in diameter, and that, when the seam was reached, a rise, connecting with the. surface, could be constructed for ventilation purposes. It was discovered, however, that this could not be done, as the ventilation supplied per medium of the pipe-line proved inadequate. In consequence a rise heading had to be constructed, connecting with the surface, from a place set off at a, point 21 chains distant in from the tunnel-entrance. From the point where tho rise heading was started a companion heading to tho main tunnel is now being driven. This was found to be necessary as the main tunnel could not be efficiently ventilated even from that point by means of the ventilation-pipes. The main tunnel has now been driven a distance of 28 chains, and the face of the companion heading is practically parallel with it. As these headings advance, seams will be met with in the following order : At 36 chains, a seam 6 ft. thick ; at 45 chains, a seam 21 ft. thick ; and at 56 chains, the Morgan seam, which is 25 ft. in thickness. As the work of constructing the two headings is being carried out by the one contractor and his men, working alternately in each, it can be readily seen that the progress would be slow if this had to be continued. In order to expedite the work, tenders are now being invited for the, driving of the companion heading, and when the contract has been executed arrangements will be made for both tunnels to be driven simultaneously. Surface Works. —The plant and machinery in and about the colliery has been maintained in efficient working-order. During the year the work of erecting the 290 horse-power generating plant from the Point Elizabeth Colliery, at tho central power-house, was completed. This plant is run alternately with the other plant which was previously erected and is in daily use at the power-house. During the year the generator belonging to the latter plant broke down, and it was fortunate that the other plant was erected as a stand-by plant, otherwise the mines would have been rendered idle for several days pending the repairs being effected.

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A Sirocco fan, 4 ft. diameter, together with a 15 horse-power motor for driving same, was erected near the top of the upcast for ventilating the low-level tunnel into the Morgan seam and the No. 4a mine workings. A small fan and motor was also erected at the No. 4 mine. A coal-storage bin (100 tons capacity) was erected at the end of the backshunt. in the colliery sidings to deal with the output from the No. 3 mine extension. An electrically drivon haulage-engine was also erected near this bin for the purpose of hauling coal from the .mine to the bin. During the year the upcast from the No. 3 mine collapsed, and instead of repairing it, which would have been both a costly and dangerous operation, it was deemed advisable to dismantle the ventilating-fan and motor and re-erect it in another mine-opening. Prom time to time during the year the work of building a concrete retaining-wall on the banks of the Seven-mile Creek, near the entrance to the low-level tunnel into the Morgan seam, has been proceeded with. This wall is being built for the purpose of preventing the creek from destroying a portion of the haulage-road, which is being formed with the debris from the tunnel which is now in course of construction. A new haulage-rope, 5J in. circumference, the total length of which is over two miles, was installed on the lower section of the main endless-rope haulage. An electrically driven haulage-engine is now in, the course of erection near the entrance to the tunnel now being constructed into the Morgan scam. This is being erected to deal with the output from the No. 4a mine and also the debris from the two tunnel headings. Accidents. —Although there have been several minor accidents during the year it is pleasing to report there was none of a serious nature. James Mine. Although development-work at this mine was for a time of a most disappointing nature to all concerned, it is now gratifying to report that the seam is opening out well, and the coal produced may be classed as a good household coal. The total length of the main haulage heading from the tunnel-entrance is now 41 chains, and ol this distance 12 chains were driven during the year. After driving tho first 5 chains of the latter distance, a downthrow fault of 6 ft. was encountered. Once this fault was crossed over there was a decided change for the better both in the thickness of the seam and in the quality of tho coal. The main heading has been extended a distance of 7 chains beyond tho fault referred to above, and. places have also been broken away to right and left. The thickness of the seam, in the seven places now being worked will average over 6 ft. Beyond the present workings, outcrops have been traced and bores put down, and from the work done in this connection the seam has been found to vary in thickness from 8 ft. to 13 ft. It is therefore reasonable to assume that as the mine-workings advance the seam should also increase in thickness until these heights are attained. The output of coal produced from this mine during the year was 2,956 tons 2 cwt., as follows : Screened coal, 1,724 tons ; unscreened, 1,160 tons 6 cwt. ; stock on wharf, 71 tons 16 cwt. The average number of persons employed in and about the mine was thirty-one and the total amount expended was £9,835 Bs. sd. At the present time there are eight pairs of miners employed coal-winning, but as they are employed on wages the output produced is very small. For a short period three pairs of miners were employed coal-winning on contract, and they did very well ; but since negotiations have been entered into for a working agreement the contractors ceased, working under contract. Tho mine in its initial stage not opening out to expectation, it was deemed advisable not to proceed with the erecting of (a) the change and bath, house, (b) the unscreened portion of the storagebin, and (c) the colliery office and storeroom. But as tho mine is now opening up more satisfactorily, the time is not, far distant when the question of erecting these buildings will have to be decided. Bowling-green. —During the year 1921 a commencement was made to lay down a bowling-green for the employees at Runanga, but for a time the work was suspended. This work was again taken in hand during the year, and I have much pleasure in reporting that it has been completed and properly fenced. All being well, it should be ready for use at the beginning of the forthcoming season. General. The output for the year shows a decrease when compared with the figures of last year. This is due to a reduction in the number of working-days and also to the reduced output from the No. 3 mine owing to its near exhaustion, the output obtained from the latter mine being only about one-half of that obtained during the previous year. But there are three new sections being developed, and should these open up in something like a satisfactory manner a much larger output may be expected for tho ensuing year. In conclusion, I wish, to say that all the officers in the various branches have discharged their duties in a satisfactory manner. I have, &c, I. A. James, Superintendent. 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, 1923. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. £ s. d. Loan under Coal-mines Liverpool Colliery and DevelopAct, 1908 .. .. 150,000 0 0 ment Property Account—Loan under Coal-mines Balance at 31st March, Act, 1908, and Appro- 1922 .. .. .. 79,162 0 4 priation Act, 1912 .. 25,000 0 0 Additions during the year .. 8,500 3 5 New Zoaland Consolidated Inscribed Stock 52,601 0 7 87,722 3 9 227,001 0 7 Depreciation .. 8,772 4 4 Debenture sinking fund .. 29,532 0 0 78,949 19 5 Accrued interest .. .. 3,886 1 9 Machinery, plant, ropes, and Sundry creditors — rolling-stock— Liverpool Colliery .. 17,253 11 7 Balance at 31st March, James Colliery * .. 1,630 5 3 1922 .. .. 40,030 211 Wellington Depot .. 979 710 Additions during the year 2,308 7 3 Christchuroh Depot .. 889 7 0 Wanganui Depot .. 241 13 9 42,338 10 2 20,994 5 5 Depreciation .. 4,233 17 0 Provision for audit fees — ■ 38,104 13 2 Liverpool Colliery .. 46 6 8 Buildings at mine— Wellington Depot .. 74 0 0 Balance at 31st March, Christohuroh Depot .. 6 6 8 1922 .. .. 4,410 8 1 Wanganui Dopot .. 54 6 8 Less recoveries .. .. 9 2 8 181 0 0 Reserves — 4,401. 5 5 General Reserve .. 69,818 4 4 Depreciation .. 440 2 6 Bad-debts Reserve .. 533 2 9 3,961 21] 70,351 7 1 Cottages at mineStocks Suspense Acoount .. 1,375 2 4 Balance at 31st March, General Profit and Loss 1922 .. .. 5,420 1 5 Aooount —■ Additions .. .. 2,042 5 8 Net profit for year .. .. 5,869 1 2 7,462 7 1 Depreciation .. 746 4 8 6,716 2 5 Coal (cargo afloat) .. 1,005 15 7 Coal (stock on hand at mine and wharf) .. .. 2,566 9 1 Stores (stock on hand) .. 11,305 14 8 14,877 19 4 Stock Suspense Account .. .. 124 3 6 Sundry debtors .. .. .. 9,595 1 10 152,329 2 7 James Colliery and Development Property Account — Cost at 31st March, 1922 .. 27,578 18 9 Additions during the year .. 7,558 11 4 — 35,137 10 1 Machinery, plant, ropes, and rolling-stock— Cost at 31st March, 1922 9,753 4 1 Additions during the year 1,220 310 10,973 7 11 Buildings at mine— Cost at 31st March, 1923 .. 477 3 7 Stock on hand .. .. .. 55 6] 1 Sundry debtors .. .. .. 525 15 2 47,169 3 8 Mac Donald Colliery and Development Property Account — Cost at 31st March, 1922 .. 63,149 19 10 Additions during tho year .. 2,514 4 3 65,664 4 1 Machinery, plant, and rol-ling-stock— Cost at 31st March, 1922.. 4,261 7 5 Additions during the year 578 0 8 4,839 8 1 Buildings at mine— Cost at 31st March, 1923 .. 479 17 3 Cottages at mine— Cost at 31st March, 1922 2,270 12 1 Less recoveries during the year .. .. 5 10 10 2,265 1 3 Plantation at mine— Cost at 31st March, 1922 384 4 9 Expended during the year 157 10 11 541 15 8 73,790 6 4 Carried forward .. .. 359,789 18 4 Carried forward .. .. .. 273,288 12 7

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Balance-sheet — continued. Liabilities— continued. £ s. d. Assets— continued. £ a. d. £ s. d. Brought forward .. .. 359,789 18 4 Fraught forward .. .. .. 273,288 12 7 Wellington Depot Property Account — Balarioe at 31st March, 1922 2,106 18 6 Additions during the year .. 40 11 11 2,147 10 5 Depreciation .. 214 15 0 — 1,932 15 5 Coal (joargo afloat) .. 290 18 3 Stocks on hand .. .. 2,499 1110 Stocks Suspense Account .. 580 4 7 3,370 14 8 Sundry debtors .. .. .. 13,709 14 5 19,013 4 6 Christchurch Depot Property Account — Balance at 31st March, 1922 3,250 19 2 Less sales .. .. 11 18 8 3,239 0 6 Depreciation .. 161 19 0 3,077 1 6 Stocks on hand .. ' .. 1,990 4 7 Stocks Suspense Account .. 480 3 1 2,470 7 8 Sundry debtors .. .. .. 832 17 1 6,380 6 3 Wanganui Depot Property Account — Balance at 31st March, 1922 1,248 111 Depreciation .. 127 10 2 1,120 11 9 Stocks on hand .. .. 1,089 11 7 Stocks Susponso Account .. 190 11 2 1,280 2 9 Sundry debtors .. .. .. 3,886 5 7 6,287 0 1 Suspense Account .. .. .. .. .. 23 11 2 Sinking Fund Investment Account .. .. .. 24,980 0 0 Investment Account (ordinary) .. .. .. 10,000 0 0 1 Interest on investments aoorued .. .. .. 131 10 2 Contracts Deposit Account .. .. .. .. 30 0 0 Coal Purchased Suspense Account — Cost value of coal on hand, 31st March, 1923 .. 75 12 10 Cash in hand and in Public Account at 31st March, 1923 19,580 0 9 £359,789 18 4 £359,789 18 4 State Coal-mines Office, Wellington, 9th July, 1923. G. Jas. Andeeson, P. G. Peabce, Accountant. Minister of Mines. 0 0 i. . i ■' ■ - '

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.—G. F. C. Campbell, Controller and Auditor-General.

Statement of General Profit and Loss Account foe the Year ended 31st March, 1923. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d To Liverpool Colliery Trade Ex- By Liverpool Colliery Working penses Account 105,084 9 6 Account —Gross profit .. 113,451 3 4 Wellington Depot Trade Ex- Wellington Depot Trading Acpenses Account .. .. 9,181 11 0 count—Gross profit .. 10,929 8 3 Christchurch Depot Trade Ex- Christchurch Depot Trading penses Account .. .. 5,515 10 7 Account —Gross profit .. 4,468 9 3 Wanganui Depot Trade Ex- Wanganui Depot Trading Acpensos Account .. .. 2,086 7 3 count—Gross profit .. 2,009 13 8 Wellington Depot—Bad debt 33 2 9 Seddonville Colliery—Recoveries 63 9 6 121,901 1 1 Point Elizabeth Colliery—ReBalance —Profit for year carried down .. 10,421 1 2 coveries .. .. 659 9 0 Liverpool Colliery—Rents .. 504 16 11 132,086 9 11 Interest on investments .. .. .. 235 12 4 £132,322 2 3 £132,322 2 3 Sinking Eund Account for redemption of loan £ s. d . .....'., . . .. £ s. d. capital., .. .. .. 4,552 0 0 Balance—Profit for year 1922-23 .. .. 10,421 1 2 ' Balance—-Net profit for year .. .. 5,869 12 £10,421 1 2 £10,421 1 2

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Statement of Liverpool Colliery Working Account for the Year ended 31st March, 1923. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Stock on hand at 31st March, By Sales of Liverpool coal .. 180,533 14 11 1922 .. .. .. 3,70115 6 Sales of Dunollie coal .. 1,042 10 5 Coal-winning— Sales of stores .. .. 6,080 15 8 Wages .. .. .. 57,530 9 11 Sales and hire of plant .. 516 12 2 Stores and materials used .. 6,984 11 3 Wages on account .. .. 125 6 7 Railway tickets .. ... 536 1.3 6 188,298 19 9 Plant sales (at cost) .. 115 2 0 Stock of coal on hand at 31st Special trains .. .. 2,158 15 0 March, 1923, at mine and Stores sold (at cost) .. 5,239 10 4 wharf .. .. .. 2,566 9 1 Dunollio coal purchased .. 1,006 7 3 Cargo afloat .. .. 1,005 15 7 Special rate .. .. 1,146 16 4 3,572 4 8 78,420 1 1 Balance—Cross profit .. .. .. 113,451 3 4 £191,871 4 5 £191,871 4 5 Statement of Liverpool Collieey Profit and Loss Account for the Year ended 31st March, 1923. Dr. £ s. d. £ s. d. Or. £ s. d. To Management and office salaries 4,183 10 9 By Gross profit at mine .. .. .. 113,451 3 i Interest .. .. .. 4,728 2 11 Rents .. .. .. .. .. 504 16 11 Travelling-expenses .. .. 358 5 7 Printing and stationery .. 186 6 4 Repairs and maintenance .. 3,744 0 9 Telegrams and postages .. 197 8 8 Railway haulage .. ..15,831 4 6 Insurances .. .. .. 431 1 4 Compensation for accidents .. 2,441 14 3 Sick and Accident Eund .. 236 6 0 Cargo adjustments .. .. 135 14 7 General expenses .. .. 389 7 8 Marine freights .. ..54,553 7 11 Audit fees .. .. .. 35 0 0 Wharfage .. .. .. 3,440 9 9 Depreciation — Mine, buildings, plant, and machinery ..14,192 8 6 105,084 9 0 Balance—Net profit .. .... 8,871 10 9 £113,956 0 3 £113,956 0 3 Wellington Depot Trading Account for the Year ended 31st March, 1923. Dr. £ s. d. £ s. .d. Or. £ s. d. £ s. d. To Stocks on hand at 31st March, By Sales of coal .. .. 128,825 6 4 1922 .. .. .. .. 1,867 5 7 Sales of firewood, coke, &c. .. 3,376 211 Purchases of coal .. .. 116,890 9 3 132,201 9 3 Purchases of firewood, coke, &c. 2,597 15 1 Stocks on hand at 31st March, 119,488 4 4 1923— Cartage to depot .. .. 1,099 13 7 Coal .. .. .. 1,822 0 0 Wharfage .. .. .. 1,536 18 1 Eirewood, coke, &c. .. 607 2 4 2,636 11 8 Coal (cargo afloat) .. .. 290 18 3 Balance—Gross profit .. .. 10,929 8 3 2,720 0 7 £134,921 9 10 £134,921 9 10 Wellington Depot Profit and Loss Account for the Year ended 31st March, 1923. Dr. £ s. d. £ s. d. Gr. £ a. d. To Wages .. .- •• 2,076 3 9 By Balance of Trading Account .. .. 10,929 8 3 Salaries .. .. •• 1,470 3 3 Rents 856 0 0 Rates .. •• •• 251 5 8 Interest .. .. •• 71 11 10 Travelling-expenses and allowances .. .. •• 119 4 7 Repairs and maintenance .. 316 15 9 Telegrams and postages .. 29 0 1 Printing and stationery .. 26 2 9 Insurances .. • ■ ■ • 19 0 Cartage .. •■ •• 3,433 1 6 Sacks 98 7 3 Freights, &c. .. - • 87 16 2 General expenses .. .. 97 11 6 Compensation .. .. 13 2 11 Audit fees .. •• •■ 19 0 0 Bad debt .. .. ■• 33 2 9 Depreciation .. .. 214 15 0 r 9,214 13 9 Balance—Net profit .. .. .. 1,714 14 6 £10,929 8 3 £10,929 8 3

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Christchurch Depot Trading Account for the Year ended 31st March, 1923. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Stooks on hand at 31st Maroh, By Sales of ooal .. .. 29,898 8 5 1922 .. .. .. .. 2,561 5 5 Sales of firewood, coke, &o. .. 1,748 16 2 Purchases of coal .. .. 24,304 18 9 — 31,647 4 7 Purchases of firewood, coke, &o. 533 9 2 Stocks on hand at 31st Maroh, 1922— -24,838 7 11 Coal .. .. .. 1,87114 7 Haulage to depot .. .. .. 1,707 1 8 Eirewood, ooke, &c. .. 66 5 1 Gross profit.. .. .. .. 4,468 9 3 • 1,927 19 8 £33,575 4 3 £33,575 4 3 Christchurch Depot Profit and Loss Account for the Year ended 31st March, 1923. Dr. £ s. d. Gr. £ s. d. To Wages .. .. .. .. 1,917 6 8 By Balance of Trading Account .. .. 4,468 9 3 Salaries.. .. .. .. ... 1,014 16 5 Net Loss .. .. .. .. 1,047 1 4 Interest.. .. .. .. .. 113 17 11 Repairs and maintenance .. .. .. 62 9 1 Telegrams and postages .. .. .. 30 5 3 Printing and stationery .. .. .. 29 11 6 Insurances .. .. .. .. 10 19 5 Travelling-expenses .. .. .. 74 12 9 Cartage .. .. .. .. 1,587 12 8 Freights .. .. .. .. 103 19 7 General expenses .. .. .. 46 8 3 Audit fees ..' .. .. .. 7 6 8 Compensation .. .. .. .. 3 6 8 Depreciation .. .. .. .. 161 19 0 Sacks .. .. .. .. .. 28 0 9 Rents .. .. .. .. .. 322 18 0 £5,515 10 7 £5,515 10 7 Wanganui Depot Trading Account for the Year ended 31st March, 1923. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Stocks on hand at 31st March, By Sales of coal ... .. 22,198 14 1 1922 .. .. .. .. 2,143 12 6 Sales of firewood, coke, &c. .. 1,010 110 Purchases of ooal .. .. 19,621 9 6 23,208 15 11 Purohases of firewood, coke, &c. 244 18 5 Stooks on hand at 31st March, 19,866 7 11 1923— Haulage to depot .. .. .. 241 8 1 Coal .. .. .. 881 17 6 Gross profit.. .. .. .. 2,009 13 8 Firewood, ooke, &c. .. 170 8 9 1,052 6 3 £24,261 2 2 £24,261 2 2 Wanganui Depot Profit and Loss Account for the Year ended 31st March, 1923. Dr. £ s. d. Gr. £ s. d. To Wages .. .. .. .. 475 6 2 By Balanoeof Trading Acoount .. .. 2,009 13 8 Salaries .. .. .. .. 482 12 0 Net Loss" ~. .. .. .. 76 13 7 Rents .. .. .. .. 150 0 0 Interest .. .. .. .. .. 41 9 10 Repairs and maintenance .. .. 43 16 0 Telegrams and postages .. .. .. 41 0 0 Printing and stationery .. .. .. 9 19 Travelling-expenses.. .. .. .. 15 13 11 Insuranoo .. .. .. .. .. 6 10 8 Cartage .. .. .. .. 517 16 11 Freights, &c. .. .. . . 101 11 7 General expenses .. .. .. .. 41 3 4 Audit fees .. .. .. .. .. 17 10 0 Depreciation .. .. .. 127 10 2 Sacks .. .. .. .. .. 12 11 0 Compensation .. .. .. .. 213 11 £2,080 7 3 £2,086 7 3

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Statement of the Receipts and Expenditure for the Year ended 31st March, 1923. Receipts. Expenditure. To Cash in hand and in £ s. d. £ s. d. By James Colliery— £ s. d. £ s. d. Public Account at Property and development .. 8,095 2 0 31st March, 1922 .. .. 32,970 19 0 Machinery, plarrt, and rolling-stock 175 8 6 Proceeds of sale of coal 226,106 3 5 " : '8,270 10' Recoveries .. 15,788 4 2 Liverpool Colliery— ' Refunds, Ac. .. 99 11 1 I'ropertv and development .. 6,076 5 3. 241,993 18 8 Machinery, plant, arid rolling-stook 22117 7 Contract deposit .. 40 0 0 Buildings .." .. .." 1,226 1 1 , In torest on investments 900 16 5 Stores and materials ..' ..18,497 1 II 940 16 5 Wages .. ..' .." .. 53,859 8 10 Timber .. .." .. ..' 230 14 4 Special rate ..' ..' .. 1,306' 19 1 Railway tipkets .." .." .. 1,516 7 9 Special trains ..' ' .. ..' ' 1,860 0 0 Refund of revenue .. .. 1 17 5 Wharfage .. ' .. ..' 3,784 0 1 Coal purchased .. .. ..' 726 18 7 89,307 11 11 Mac Donald Colliery— Property and development .. 184 2 5 . Machinery, plant, and rolling-stock 1,382 3 2 Cottages '.. .. .. 8 3 8 Plantation .. .. .. 157 10 11 1,732 0 2 Seddonvillo Colliery Account .. .. 12 4 0 Wellington Depot Account .. .. 26,928 10 4 Christchurch Depot Account.. .. 8,635 14 3 Wanganui Depot Account .. .. 3,248 11 1 Coal purchased on account of depots (Suspense Account) ... .. 3,473 1 5 —- —j — 42,285 17 1 Management and office salaries .. 4,122 9 6 Interest .. ' .. -.. .-. 9,251 19 2 Travelling-expenses .-. .. 360 18 7 Printing and stationery .. .. 265 411 Repairs-and maintenance .. .. 2,503 17 0 Railway haulage .. .. .-. 14,935 12 11 Marine freights .. -.. -.-. 64,394 6 5 '"■ Cargo adjustments .. .. .. 97 4 2 Postages and telegrams .. .. .196 19 9 Insurances .. .. . ■ 469 5 7 Compensation . -. .. .. 2,508 7 4 General expenses .. .. .. 453 10 6 Sinking fund investment .. .. 14,980 0 0 Deposit contract .. .. .. 50 0 0 Refund deposit .. .. .. 35 0 0 Audit fees .. .. .. 93 13 4 114,717 9 2 Cash in hand and in Public Account at 31st March, 1923.. .. .. .. 19,580 0 9 £275,905 14 1 £275,905 14 1

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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, 1923.

Approximate Cost of Paper. —Preparation, not given ; printing (525 copies), £12 10s.

By Authority : W. A. G. Skinner, Government Printer, Wellington.—l 923.

Price 6d.]

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Name of Works. Total Capital Expenditure. Total Amount of Depreciation written off. Assets: Net Capital as per Balance-oheet, 1923. Net Profits. Net Losses. Liabilities as per Balance-sheet, 1923. Point Elizabeth Colliery Less loss by fire and sales .. £ s. d. 98,210 9 0 2,291 6 II £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. ' 95,919 2 1 140,049 15 4 95,919 2 1 Liverpool Colliery 108,405 11 3 127,731 17 11 40,738 13 8 17,299 18 3 236,137 9 2 Seddonville Colliery Less sales 38,187 6 8 548 17 0 37.638 9 8 38,273 7 0 37,638 9 8 Briquette-works property Less sales of plant 16,135 2 6 2,066 5 0 14,068 17 6 22,660 18 10 14,068 17 6 Charming Creek prospecting .. 5,956 18 6 5,954 11 8 5,956 18 6 Wellington Depot property .. Less sales 6,347 5 3 218 8 0 4,196 1 10 1,932 15 5 8,854 2 3 ],053 7 10 James Colliery 6,128 17 3 46,588 1 7 46,588 1 7 1,630 5 3 Christchurch Depot property Less loss on horses and sales 8,522 3 11 116 18 8 5,328 3 9 3,'077 1 6 1,192 10 4 895 13 8 MacDonald Colliery 8,405 5 3 73,790 6 4 73,790 6 4 Wanganui Depot property Less loss on horses 2,980 12 6 85 0 0 1,775 0 9 1,120 11 9 1,913 3 8 296 0 5 Dunedin Depot property Less sale of plant 2,895 12 6 2,023 3 7 641 10 0 4,248 3 5 1,381 13 7 1,381 13 7 Hulks property Less sales 4,033 15 5 1,948 17 0 2,084 18 5 1,786 12 11 Office furniture Less sales 2,084 18 5 189 13 9 17 5 0 172 8 9 172 8 9 172 8 9 Grand total Less losses and sales 539,102 8 2 7,934 7 7 Interest on investments Discounts Cash lost (highway robbery) .. 531,168 0 7 276,927 6 1 254,240 1.4 6 2,964 8 4 13 2 9 8fj' 0 1 Totals, profits and losses Balance, profits ovor losses Stocks on hand Investment Account (ordinary) Interest on investments acorued Sinking Fund Investments Account Suspense Account Sundry debtors Cash on hand Debentures and Loan Account Bad-debts Reserve Accrued interest Sinking Fund Account General Reserve General Profit and Loss Account Contracts Deposit Account .. Stocks Suspense Account 22,254 7 8 10,000 0 0 131 10 2 24,980 0 0 23 11 2 28.549 14 1 19,580 0 9 186,745 3 4 82,165 15 8 104,579 7 8 227,601 0 7 533 2 9 3,886 1 9 29,532 0 0 69,818 4 4 5,869 1 2 30 0 0 1,375 2 4 186,745 3 4 359,789 18 4 359,789 18 4 186,745 3 4