KAURI-GUM INDUSTRY (REPORT ON THE) FOR THE YEAR ENDED 31st MARCH, 1928.

Appendix to the Journals of the House of Representatives, 1928 Session I, C-12

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1928. NEW ZEALAND.

KAURI-GUM INDUSTRY (REPORT ON THE) FOR THE YEAR ENDED 31st MARCH, 1928.

Presented to both Houses oj the General Assembly -pursuant to Section 5 of the Kauri-gum Industry Amendment Act, 1914.

Department of Lands and Survey, Wellington, 30th June, 1928. Sir, — I have the honour to submit herewith the annual report under the Kauri-gum Industry Amendment Act, 1914, for the year ended 31st March, 1928. I have, &c, J. Ii Thompson, Under-Secretary. The Hon. A. D. McLeod, Minister of Lands.

In accordance with the provisions of the Kauri-gum Control Act, 1925, the stocks of kauri-gum the property of the Department were placed in the hands of the Kauri-gum Control Board for sale as from the Ist April, 1927. The Control Board decided that, under the existing circumstances, the interests of the producers could best be served by the opening-up of a brokerage business and the selling of the producers' gum on a commission basis to the Auckland exporters instead of exporting gum on its own account. The sales of Government gum during the year have therefore been made by the Control Board to the Auckland exporters, and not, as in previous years, to the manufacturers abroad through overseas agents. All expenses incurred in handling the Government stocks and making sales are deducted by the Control Board from the proceeds of sales and the net proceeds accounted for co the Department. The following tables give particulars of the export of kauri-gum from the Dominion for the years 1918-28, and of the quantities of gum received in Auckland from the gum-fields during the past seven years : — Export of Kauki-gum. For the year ended 31st March, 1928, the export amounted to 4,531 tons, of the value of £267,559, an average price of £59 per ton. The tonnage, value, and average price per ton of the export for the past eleven years are — Year ended Tonnage Value Average 31st March, exported. per Ton. £ £ 1918 4,636 304,852 66 1919 2,338 152,299 66 1920 4,726 310,6.14 66 1921 6,131 524,701 85 1922 3,968 391,304 98 1923 6,080 520,409 85 J924 6,923 640,712 92 1925 5,432 446,019 82 1926 5,495 414,420 75 1927 4,529 301,335 66 1928 4,531 267,559 59

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Details of the yearly export, and the country to which exported, from 1917 to 1928, are given below :—

Particulars of Kauri-gum exported from New Zealand, from 1917 to 31st March, 1928, inclusive.

Production during the Year. The kauri-gum received at Auckland from the gumflelds for the past seven years is shown, month by month, in the following table : — Kauri-gum received in Auckland. 1921-22. 1922-23. 1923-24. 1924-25. 1925-26. 1926-27. 1927-28. Tons. Tons. Tons. Tons. Tons. Tons. Tons. April.. .. 191 543 480 439 483 338 317 May .. .. 331 514 613 501 330 332 277 June .. .. 358 654 459 344 395 362 359 July .. ..404 548 352 363 399 401 230 August .. 368 689 522 407 326 392 241 September .. 508 781. 450 373 403 287 323 October .. 420 610 490 471 299 229 385 November . . 482 601 612 427 486 341 500 December .. 285 667 576 591 410 325 284 January . . 331 590 506 525 365 265 278 February .. '466 658 475 492 396 198 307 March ' . ; 608 700 537 520 541 441 411 4,752 7,546 6,072 5,453 4,833 3,911 3,912

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Country to 1st April, 1916, to I 1st April, 1917, to 1st April, 1918, to 1st April, 1919, to 1st April, 1920, to i 1st April, 1921, to which exported. 31st March, 1917. ! 31st March, 1918. 31st March, 1919. ! 31st March, 1920. 31st March, 1921. 31st March, 1922. Tons.! £ Tonsil £ Tons. £ Tons. f. £ Tons. £ Tons. £ United States of 3,168! 218,214 2,316 164,516 1,371 81,914 2,037 157,251 3,224 345,992 2,487 266,922 America United Kingdom 1,484 68,378 363 13,982 346 19,977 1,650 90,422 2,544 149,422 1,297 104,094 Germany .. .. .. .. . . .. .. .. .. .. .. 58 3,574 Canada .. 133 7,718 1,929! 124,271 572 45,588 1,016 61,005 314 24,481 89 9,641 Australia .. 29 1,982 I8 ! 1,577 49 4,820 23 1,936 49 4,802 37 7,073 Belgium .. j .. France .. .. .. .... Austria-Hungary j .,. ! .. . .. .. .. .. .. , Russia • ; .. 50' 3,440 j .. .. •• .. /. .. .. /. Netherlands .. | .. . . .. .. .. Sweden .. • • • • • • • • • • ■ • Italy .. .. .. . . .. .. .. .. • • " Japan .. .. .. 10 506 .. .. .. .. .. 4 Hong Kong .. 8 539 .. .. .. .. .. Totals .. 4,862 300,271 4,636j 304,852 2,338 152,299 4,726| 310,614 0,131 524,701 3,968 391,304 Country to j 1st April, 1922, to 1st April, 1923, to | 1st April, 1924, to ! 1st April, 1925, to 1st April, 1926, to . 1st April, 1927, to which exported. \ 31st March, 1923. 31st March, 1924. ! :Slst March, 1925. 31st March, 1920. i 31st March, 1927. 31st March, 1928. I I I I I III Tons. £ Tons. £ Tons. £ Tons. £ Tons. £ Tons. £ United States of 1 3,742 367,946 4,197 449,117 2,624 250,379 2,682 211,623 1,863 136,397 2,087 120,349 America United Kingdom 1,960 129,082 2,409 170,785 2,360 169,975 2,350 179,868 2,036 133,032 2,0431 127,401 Germany .. 70 3,363 66 2,832 ; 117 6,367 107 4,670 127 5,432 119, 6,613 Canada .. 109 7,462: 118 7,714 97 5,726 101 3,569 144 7,181 165 6.329 Australia .. 84 6,679 7 787, 24 2,006: g| 1,198; 15 911 33 1,448 Belgium .. i .. .. .. j .. 33 1,168| 114 4,563 .. I France .. .. .. 55; 5,855 79 ; 5,121 135 9,136 89 6,980 60 3,915 Austria- Hungary .. .. Russia .. .. .. . . . . .... Netherlands .. 90 4,381 38 1,582 53 1,917 46 1,809 34 1,950 3, 483 Sweden .. 20 1,000 .. .. 20 820 .. .. 46 1.929 I 132 Italy .. .. 1 170 26 1,647 55 3,546 .. 2 51 2,469 .. Japan .. 4 326 7 393 3 162 22 1,027 10! 476 20 843 Hong Kong .. .. ... .. .. .. .. .. .. Denmark .. .. .. .. . . .. .. 10 350 .. .. China .. .. .. .. .. .. .. .. .. .. .. 15 25 South African .. .. .. .. .. .. .. .. .. .. 21 Union — ! : Totals .. 6,080 520,409 6,923 640,712 s 5,432 446,019' 5,495 414,420 4,529 301,335 4,531 267,559

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KAURI-GUM INDUSTRY ACCOUNT. Receipts and Payments Account for Year ended 31st March, 1928. Payments. £ s. d. Receipts. £ s. d. By Wages .. .. .. .. .. 617 1 5 To Cash in Public Account, Ist April, 1927 .. 2,365 2 6 Rent .. .. .. .. .. 625 0 0 Sales of gum .. .. .. .. 3,161 11 7 Insurance .. .. .. .. 161 15 4 Repayment of advances on consignments of gum 114 15 5 Freight .. .. .. .. .. 1.8 19 2 Miscellaneous .. .. .. .. 0 3 1 General expenses .. . . .. .. 53 14 4 Interest on investments .. .. . . 106 14 6 Repayment of portion of advances from Consolidated Fund .. .. .. .. 4,200 0 0 Cash in Public Account at 31st March, 1928 .. 71 16 10 £5,748 7 1 £5,748 7 1 Trading Account for Year ended 31st March, 1928. £ s. d. } £ s. d. To Gum on hand. Ist April, 1927 .. .. 53,152 17 0 By Sales of gum .. .. .. .. 3,161 II 7 Gum on hand, 31st March, 1928, at, valuation.. 29,362 6 8 Balance—Gross loss to Profit and Loss Account 20,628 18 9 £53,152 17 0 j £53,152 17 0 Profit and Loss Account for Year ended 31st March, 1928. £ s. d. i £ s. d. To Trading Account—Gross loss for year .. 20,628 18 9I By Interest on investments .. .. .. 106 1.4 6 Wages .. .. .. .. .. 447 3 3 j Interest on investments in Publio Debt RedempRent .. .. .. .. .. 500 0 0 | tion Account .. .. .. .. 28 7 7 Insurance .. .. .. .. 161 15 4 Miscellaneous .. .. .. .. 0 3 0 Freight .. .. .. .. .. 15 10 0 Balance—Net loss for year carried forward .. 24,783 15 8 General expenses .. .. .. . . 48 0 4 Depreciation .. .. .. .. 45 3 1 Interest on debentures .. .. .. 3,072 10 0 £24,919 0 9 £24,919 0 9 £ s. d. £ s, d. To Balance forward from previous year .. .. 23,237 12 1 By Adjustment previous year's loss .. .. 91 15 7 Balance brought down .. .. .. 24,783 15 8 Balance—Accumulated loss to 31st March, 1928 47,929 12 2 £48,021 7 9 £48,021 7 9 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets, £ s. d. Loan Account —Debentures issued .. .. 75.000 0 0 Land at face-works, &e. ; buildings, &o. .. .. 5,029 0 1 Crown Lands Account .. .. .. 500 0 0 Vacuum-tank, &c. .. .. .. .. 2,900 610 Consolidated Fund — Plant and store fittings .. .. .. 135 II 11 For advances towards purchase of £ s. d. Tools at Auckland and depots . . .. .. 26 0 6 gum .. .. .. 800 0 0 Live and dead stock .. .. .. .. 31 2 9 For interest paid on debentures . . 9,495 7 8 Furniture and office fittings . . .. .. 71 6 9 10,295 7 8 Gum on hand .. .. .. .. 29,362 6 8 Interest accrued but not due on debentures .. 1,262 13 5 Sacks and gum-cases on hand .. .. .. 283 13 6 Sundry creditors for — , £ s. d. Gum on consignment .. .. .. .. 782 17 2 Rent . . .. .. 125 0 0 Advances on gum . . .. .. .. 222 0 0 Gum-purchases.. .. .. 18 5 2 Sundry debtors — £ s. d. Orders issued to sundry consignors 30 12 0 Miscellaneous .. . . .. 64 2 8 Miscellaneous .. .. .. 185 1 5 Kauri-gum Control Board .. 299 15 3 358 18 7 — — 363 17 11 Reserve Account .. .. .. .■ 617 13 10 Insurance premiums paid in advance .. .. 87 3 5 Investment in Public Debt Redemption Fund .. 737 17 0 Profit and Loss Account .. .. .. 47,929 12 2 Cash in Public Account .. .. .. 71 16 10 £88.034 13 6 £88,034 13 6 .1. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the statements of Receipts and Payments, Trading, and Profit and Loss Accounts, 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. The following comments are appended :— 1. The value of stocks on hand has been accepted on the certificate of the Secretary of the Kauri-gum Control Board. 2. Interest on the investment in the Public Debt Redemption Fund has been compounded whereas there is no statutory provision therefor. G. P. C. Campbell, Controller and Auditor-General.

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