BALANCE-SHEET AND PROFIT AND LOSS ACCOUNTS OF THE POST OFFICE AND BALANCE-SHEET AND PROFIT AND LOSS ACCOUNT OF THE POST OFFICE SAVINGS-BANK, TOGETHER WITH POST OFFICE ACCOUNT, STATEMENT OF TRANSACTIONS, FOR THE YEAR ENDED ON THE 31st MARCH, 1929. PREPARED IN ACCORDANCE WITH THE 98TH SECTION OF THE POST AND TELEGRAPH ACT, 1928.

Appendix to the Journals of the House of Representatives, 1929 Session I, F-02

F—2.

1929. NEW ZEALAND.

BALANCE-SHEET AND PROFIT AND LOSS ACCOUNTS OF THE POST OFFICE AND BALANCE-SHEET AND PROFIT AND LOSS ACCOUNT OF THE POST OFFICE SAVINGS-BANK, TOGETHER WITH POST OFFICE ACCOUNT, STATEMENT OF TRANSACTIONS, FOR THE YEAR ENDED ON THE 31st MARCH, 1929. PREPARED IN ACCORDANCE WITH THE 98TH SECTION OF THE POST AND TELEGRAPH ACT, 1928.

WELLINGTON, N.Z. BY AUTHORITY • W. A. G. SKINNER, GOVERNMENT PRINTER. 1929.

F.—2,

2

POST AND TELEGRAPH DEPARTMENT. POSTAL BRANCH. Profit and Loss Account for the Year ended 31st March, 1929. Dr. £ s. d. Gr. £ b. d. To Working-expenses .. .. .. 1,252,554 15 5 By Postages .. .. 1,144,729 10 8 Depreciation (c) .. .. .. 27,328 8 11 Rents received (a) .. .. .. 7,751 10 9 Profit before charging interest on capital Private box and bag rents .. .. 30,813 8 5 carried down .. .. .. 53,390 8 1 Rural delivery fees .. .. .. 15,697 10 9 Money-order and postal-note commission .. 52,833 4 7 Miscellaneous revenue .. .. .. 81,448 7 3 £1,333,273 12 5 £1,333,273 12 5 £ s. d. £ s. d. To Interest on capital (b) .. .. .. 50,826 311 By Profit brought down .. .. .. 53,390 8 1 Profit on year's working transferred to General Profit and Loss Account.. .. .. 2,564 4 2 " £53,390 8 1 £53,390 8 1 TELEGRAPH BRANCH. Profit and Loss Account for the Year ended 31st March, 1929. Dr. £ s. d. Gr. £ s. d. To Working expenses .. .. .. 491,019 16 10 By Revenue .. .. .. .. 397,973 5 2 Depreciation (c) .. .. .. 36,305 3 5 Miscellaneous .. .. .. .. 27,084 2 5 Rent received (a) .. .. .. 996 15 9 Loss before charging interest on capital carried down .. .. .. .. 101,270 16 11 £527,325 0 3 £527,325 0 3 £ s. d. £ s. d. To Loss brought down .. .. .. 101,270 16 11 By Loss on year's working transferred to General Interest on capital (6) .. .. .. 27,553 1 2 ' Profit and Loss Account .. .. 128,823 18 1 £128,823 18 1 £128,823 18 1 TOLL BRANCH. Profit and Loss Account for the Year ended 31st March, 1929. Dr. £ s. d. Gr. £ s , d. To Working-expenses .. .. .. 173,080 1 7 By Revenue .. .. .. .. 442,895 16 11 Depreciation (c) .. .. .. .. 83,668 6 1 Rents received (a) .. .. .. 2,297 3 7 Profit before charging interest on capital carried down .. .. .. .. 188,444 12 10 £445,193 0 6 £445,193 0 6 ™ T . . £ s. d. £ s. d. To Interest on capital (6) .. .. .. 63,498 6 6 By Profit brought down .. .. 188,444 12 10 Profit on year's working transferred to General Profit and Loss Account .. 124,946 6 4 £188,444 12 10 £188,444 12 10 TELEPHONE BRANCH. Profit and Loss Account for the Year ended 31st March, 1929. Dr. £ s. d. j Gr. £ s. d. To Working-expenses .. .. .. 438,262 18 5j By Telephone revenue .. .. 1,124,217 18 3 Depreciation (c) .. .. .. 404,393 19 2 Rents received (a) .. .. 2,931 13 0 Profit before charging interest on capital carried down .. .. .. 284,492 13 8 £1,127,149 11 3 £1,127,149 11 3 £ s. d. £ s. d. To Interest on capital (6) .. .. .. 250,349 8 3 By Profit brought down .. 284,492 13 8 Profit on year's working transferred to General Profit and Loss Account .. 34,143 5 5 £284,492 13 8 £284,492 .13 8

3

F.—2,

POST AND TELEGRAPH DEPARTMENT— continued. WIRELESS BRANCH. Pkopit and Loss Account foe the Year ended 31st Maech, 1929. P r - £ s - Or. £ a. d. To Working-expenses .. .. .. 8,985 4 1 By Revenue on wireless traffic .. .. 11,917 3 5 Depreciation (c) .. .. .. 3,588 12 7 Loss before charging interest on capital carried down .. .. .. .. 656 13 3 £12,573 16 8 £12,573 16 8 _ £ s. d. £ s. d. To Loss brought down .. .. .. 656 13 3 By Loss on year's working transferred to General Interest on capital (6) .. .. .. 2,069 13 9 Profit and Loss Account .. .. 2,726 7 0 £2,726 7 0 £2,726 7 0 SERVICE GARAGES. Peofit and Loss Account foe the Year ended 31st Maech, 1929. Dr. £ s. d. Cr. £ s. d To Working-expenses .. .. .. 56,243 14 11 By Revenue .. .. .. .. 76,445 13 4 Depreciation (c) .. .. .. 10,614 12 3 Profit before charging interest carried down.. 9,587 6 2 £76,445 13 4 £76,445 13 4 m T £ s. d. £ s. d. To Interest on capital (6) .. .. .. 3,748 12 3 By Profit brought down .. .. .. 9,587 6 2 Profit on year's working transferred to General Profit and Loss Account .. 5,838 13 11 £9,587 6 2 £9,587 6 2 General Profit and Loss Account for the Year ended 31st Maech, 1929. Dr. £ s. d. Cr. £ s . d. To Telegraph Branch loss .. .. .. 128,823 18 1 By Postal Branch profit .. .. .. 2,564 4 2 Wireless Branch loss .. .. .. 2,726 7 0 Telephone Branch profit .. .. .. 34.143 5 5 Net profit .. .. .. .. 35,942 4 9 Toll Branch profit .. .. .. 124,946 6 4 Service garages .. .. .. .. 5,838 13 11 £167,492 9 10 £167,492 9 10 General Profit and Loss Appropriation Account, 1928-29. Dr ■ £ s. d. Cr. £ s. d. To Balance forward.. .. .. .. 7,360 4 6 By General Profit and Loss Account .. .. 35,942 4 9 Balance .. .. .. .. 28,582 0 3 £35,942 4 9 £35,942 4 9

POST AND TELEGRAPH DEPARTMENT. Balance-sheet as at 31st March, 1929. Receipts and Expenditure on Capital Account.

General Balance-sheet. Liabilities. .:lsscts. £ s. *d. Sundry creditors— £ s. d. £ s. d. Capital Account balance .. .. .. .. .. .. .. 1,547 .738 2 5 Money-ord?r payees for unpaid money-orders .. .. 79,286 10 1 Stock at stores, District Telegraph Engineers' and workshops, and in transit .. 465,411 17 11 Other administrations, on money - order, postal, and cable Sundry debtors ° £ s. d. accounts .. . . .. .. .. .. 239,390 2 1 Other administrations, on money-order account .. .. 4.4 8 2 4 Postal-note payees, for unpaid postal notes .. .. .. 72,049 9 6 Government Departments .. .. .. 40,779 18 9 Sundry other creditors .. .. .. .. .. 392,353 11 8 Sundry other debtors .. .. .. .. .. 54,816 5 0 Other Government Departments .. .. .. .. 230,229 18 1 100,014 6 1 1,013,309 11 5 War Loan Certificate Account— Assets written off Reserve Account .. .. .. .. .. .. 5,433 19 7 Investments held in Government loans .. .. .. .. .. 116,700 0 0 War Loan Certificate Account .. .. .. .. .. .. 138,304 17 0 Post Office Investment Certificate Account— Post Office Investment Certificate Account .. .. .. .. .. 1,191,032 3 11 Investments held in Government loans .. .. .. .. ■■ 1,141,330 0 0 Money-order Settlement Account .. .. .. .. .. .. 4,595 2 11 £ s. d. Imperial stamps and postal orders .. .. .. .. .. .. 449 13 6 Postmasters' balances .. .. .. .. .. 1,617,380 17 0 Postmasters—for advance to Postmasters of stamps, postal notes, British postal Less Savings-bank funds held in balances .. .. 321,299 6 4 orders, Post Office investment certificates, and other documents of value, including stocks held in the General Post Office .. .. .. .. 1,465,615 9 11 1 296 081 10 8 Depreciation Reserve (including maintenance and renewals, equalization reserve, Head Office Account, including cash in bank .. .. '958', 214 15 11 telegraph, toll, and telephone systems) .. .. .. .. .. 2,414,784 3 0 2,254,296 6 7 Fire Insurance Reserve .. .. .. .. .. .. .. 5,000 0 0 Assets written off Suspense Account .. .. .. .. .. 5,433 19 7 Profit and Loss Appropriation Account .. .. .. .. .. 28,582 0 3 Post Office investments under section 100 of the Post and Telegraph Act, 1928.. 515,410 0 0 Investment (Radio Broadcasting Company of New Zealand, Ltd.) .. .. 15,000 0 0 Interest accrued on investments .. .. .. .. .. .. 4,256 8 11 Loan-conversion Expenses Account .. .. .. .. .. 101,516 0 0 £6,267,107 1 6 £6,267,107 1 6 Notes.— (a) Credit has been taken without appropriation for rents received. (b) Interest at 4J per cent, on capital as at 1st April, 1928, and 2A per cent, on accretions for the year. (c) Depreciation has been allowed for on balance of assets as at 1st April, 1928, the total charge being carried to Depreciation Reserve. H. D. Edwards, A.I.A.N.Z., Controller of Accounts. G. McNamara, Secretary, General Post Office. I hereby certify that the Statement of Transactions, the 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, subject to the above departmental notes.— G. F. C. Campbell, Controller and Auditor-General.

F.-2.

4

As at 31st March, Amount debited As at 3lst March, n Capital as at 1st Amount received Capital as at 31st 1928. | during Year.* i 1929. Lr - April, 1928. j Year 1928-29. j March, 1929. To Expenditure on— £ s. d. £ s. d. £ s. d. I By Receipts — £ s. d. £ s. d. £ s. d. Telegraph and toll systems, including 1,938,596 10 3 216,604 9 7 2,155,200 19 10 Public Works Fund .. .. 10,609,490 12 5 :831,2S9 13 10 { works in progress ! Revenue contribution to capital outlay 828,520 7 7 Telephone-exchange systems, includ- 6,282,690 5 1 1,127,238 5 9 7,409,928 10 10 j ing works in progress ] 11,438,011 0 0; Wireless systems .. .. .. 49,953 19 3 3,684 3 3 53,638 2 6 [ Lessf .. .. .. .. 1 423 928 0 0 Buildings and sites .. .. 2,160,017 0 5 194,868 14 3 2,354,885 14 8 j - - j Plant and workshops .. .. 15,896 17 9 7,915 9 6 23,812 7 3! 10 014 083 0 0 831,289 13 10 10,845,372 13 10 Motor-garages, &c. .. .. 224,931 15 0 677 16 7 225,609 11 7 1 I — Furniture and fittings .. .. 164,239 0 2 5,796 9 5 170,035 9 7 10,014,083 0 0 831,289 13 10 10,845,372 13 10 Balance carried to General Balance- .. .. 1,547,738 2 5 10,836,325 7 11 1,556,785 8 4 12,393,110 16 3 j 12,393,110 16 3 * Includes proportional cost of raising loans and Public Works administration expenses on capital expenditure prior to 1st April, 1928. f Amount of surplus funds paid to Consolidated Fund prior to 1st April, 1928, treated as repayment of capital under section 103, subsection (3), of the Post and Telegraph Act, 1928.

5

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POST AND TELEGRAPH DEPARTMENT—continued. NEW ZEALAND POST OFFICE SAVINGS-BANK. Profit and Loss Account foe the Year ended 31st Mabch, 1929. Dr - £ s. d. Or. £ s. d. £ s. d. To Interest credited to depositors'accounts .. 1,745,050 5 4 By Interest received .. 1,922,247 13 2 Management expenses .. .. .. 108,811 12 0 Plus interest accrued to Balance carried to Appropriation Account 81,657 1 1 31st March, 1929 .. 558,698 14 2 2,480,946 7 4 Less interest accrued on 31st March, 1928 .. 547,779 1 3 1,933,167 6 1 Sundry receipts .. .. .. 2,351 12 4 £1,935,518 18 5 £1,935,518 18 5 Appeopeiation Account, Dr - £ S. d. Cr. £ s. d. To Savings-bank profits paid to Consolidated Fund. 67,868 18 2 By Balance brought forward .. .. .. 27,868 18 2 Balance carried forward .. .. .. 41,657 1 1 Profit and Loss Account .. .. .. 81,657 1 1 £109,525 19 3 £109,525 19 3 Balance-sheet as at the 31st March, 1929. Liabilities. £ s. d. Assets. £ s . d. Balance at credit of depositors'accounts .. 48,644,217 0 6 Cash on hand and at bank .. ~ 321,299 6 4 Letters of credit and other liabilities .. 5,525 15 8 Investments (at cost price).. .. .. 48,810,741 16 9 Reserve Fund .. .. .. .. 1,000,000 0 0 Sundry debtors .. .. .. .. 660 0 0 Profit and Loss Appropriation Account .. 41,657 1 1 Interest accrued on investments .. .. 558,698 14 2 £49,691,399 17 3 £49,691,399 17 3 H. D. Edwards, A.1.A.N.Z., Controller of Accounts. G. McNamara, Secretary, General Post Office. I hereby certify that the Profit and Loss Account 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.

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POST OFFICE ACCOUNT. Statement of Transactions for the Year ended 31st March, 1929.

Balances on 1st April, 1928. Transactions. Balances on 31st March, 1929. Cr. Dr. Cr. |, Dr. Cr. Dr. Money-ordeb Accounts. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Money-orders (general) .. .. .. .. -• 70,402 2 10 .. 5,258,979 8 11 5,250,095 1 8 79,286 10 1 United Kingdom, &c. .. .. .. .. .. 133,580 0 8| .. 594,287 6 1 582,213 12 7 145,653 14 2* United States of America .. .. .. .. 7,611 9 4 .. 34,879 13 2 38,128 7 9 4,362 14 9 Australia .. .. .. .. .. .. 3,725 5 9 .. 241,235 8 5 226,886 2 9 18,074 11 5 Canada .. .. .. .. .. .. 1,153 1 11 .. 5,387 18 3 5,989 9 1 551 11 1 Ceylon.. .. .. .. .. .. ■■ 4114 0 .. 791 3 11 752 2 8 80 15 3 Fiji .. .. .. .. .. .. .. .. 1,003 3 10 9,526 15 10 9,365 3 2 .. 841 11 2 Hong Kong .. .. ■. • • • ■ • • 136 15 5 .. 866 16 4 887 14 11 115 16 10 .. India .. .. .. .. .. •• 3,497 3 8 .. 16,577 13 4 15,312 11 6 4,762 5 6 Irish Free State .. .. .. .. .. .. 783 12 8 .. 10,894 2 7 11,134 1 6 543 13 9 Norway .. .. .. .. .. .. 113 5 3 .. 847 18 10 824 6 6 136 17 7 Straits Settlements .. .. .. ■ ■ .. • • 8 10 4 417 12 1 441 15 1 .. 32 13 4 Tonga .. .. .. .. .. .. 1,210 9 10 2,985 6 5 2,677 2 6 .. 902 5 11 Union of South Africa .. .. .. .. .. •• 211 6 11 2,961 8 4 2,381 10 2 368 11 3 Commission (foreign) .. .. .. .. ■■ •• 396 3 1 2,751 5 11 2,769 9 8 .. 414 6 10 Savings-bank Accounts. Deposits and withdrawals.. .. .. * .. .. 47,758,726 2 11 .. 28,997,431 14 4 28,111,940 16 9 48,644,217 0 6 Savings-bank letters of credit .. .. .. .. 1,355 0 0 .. 33,025 10 0 31,398 0 0 2,982 10 0 Investments .. .. •• •• •• •• •• 48,232,841 16 9 15,050,165 0 0 15,628,065 0 0 .. 48,810,741 16 9 Accrued interest on investments .. .. .. .. .. 547,779 1 3 547,779 1, 3 558.698 14 2 .. 558,698 14 2 Post Office Savings-bank Reserve Account .. .. .. 1,000, 000 0 0 .. .. .. 1,000, 000 0 0 Transfers — New Zealand .. .. .. .. .. 12,958 6 7 .. 2,474,309 13 8 2,473,677 13 6 13,590 6 9 Commonwealth Savings-bank of Australia .. .. 5,491 9 6 .. 37,811 8 5 46,994 3 1 .. 3,691 5 2 State Savings-bank of Australia .. .. .. .. Ill 14 8 111,099 19 7 119,004 0 10 .. 8,015 15 11 United Kingdom .. .. ■■ .. .. •• .. 93,105 17 8 93,105 17 8 Home savings-banks .. .. .. .. .. 176 0 0 .. 321 15 6 429 10 6 68 5 0 Savings-bank Head Office Account .. .. .. 27,868 18 2 .. 2,493,903 10 6 2,476,303 15 7 45,468 13 1 Postal Accounts. Stamps .. .. .. 316,961 11 11| .. 1,616,346 5 4 1,593,990 9 4 339,317 7 11£ Departmental publications .. .. .. .. 336 16 9 .. 1,160 11 4 1,225 10 8 271 17 5 Postal notes .. .. •• •• .. .. 233,315 2 0 .. 1,086,895 8 4 1,055,145 15 4 265,064 15 0 Parcel-post (senders' charges collected on delivery) (trade charge money-orders), — United Kingdom .. .. .. .. .. 52,031 5 6 .. 156,189 6 1 159.627 8 5 48,593 3 2 Fiji .. .. • • ■ • .. .. .. .. 30 9 8 30 9 8 Private box and bag rents .. .. .. .. .. .. 29,507 18 6 29,507 18 6 Rural-delivery fees .. .. 15,629 17 0 15,-629 17 0 Safe-deposit receipts .. .. .. .. .. .. .. 138 12 0 138 12 0 Money-order commission .. .. •• .. .. .. .. 27,257 27 27,25727 .. ,. British postal orders — Head Office Account .. ... .. .. 54,840 8 4 .. 118,537 10 0 90,713 0 5 82,664 17 11 Chief Postmasters' Account .. .. .. .. 18,062 4 3 .. 90,741 0 10 87,265 18 6 21,537 6 7 London Account .. .. .. .. .. 4,898 14 .. 86,637 0 9 91,535 2 1 British postal-order commission .. .. .. .. .. .. 720 10 2 720 10 2 Clearance fees on overseas parcels .. .. .. .. .. 4,180 10 5 4,180 10 5 Postal Revenue Account .. •• ■. .. .. 775 14 4 1,635,114 5 2 1,634,338 10 10 Aperture plates .. •• - • 15110 .. 210 11114 5116 Telegraph, Toll and Telephone Accounts. Cable Accounts — New South Wales .. .. 3,359 2 9 .. 73,822 4 10 72,779 18 4 4,401 9 3 Eastern Extension .. .. .. •• .. 784 14 10 .. 16,728 10 10 16,893 11 2 619 14 6 Pacific Cable Board 5,391 12 2 .. 118,165 3 1 112,431 11 8 11,125 3 7

7

F. —2.

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F.—2.

8

POST OFFICE ACCOUNT. Statement of Transactions for the Year ended 31st March, 1929— continued.

Ky Authority : W. A. G. Skinner, Government Printer, Wellington.— 1929.

Approximate Cost of Paper.—Preparation, not given; printing (500 copies), £12 15s.

Price 6d.~\

Balances on 1st April, 1928. Transactions. Balances on 31st March, 1929. Cr. Dr. Cr. Dr. Cr. Dr. For other Departments —continued. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Sa moan revenue .. .. .. .. •• 19 5 5 .. 2,528 16 0 2,469 17 3 78 4 2 State Accident Insurance receipts .. .. .. .. 31 13 10 .. 1,561 17 7 1,549 8 6 44 2 11 State Advances Department .. .. .. .. 81,523 5 7 .. 5,012,315 0 3 5,014,262 14 2 79,575 11 8 State Forest Department .. .. .. .. •• 396 4 7 .. 18,422 8 8 ' 17,521 9 1 1,297 4 2 Superannuation funds — Public Service superannuation.. .. .. .. 20,414 10 8 .. 393,287 14 0 411,701 12 8 2,000 12 0 Teachers'superannuation .. .. .. .. .. 1,159 7 11 295,629 14 3 283,888 12 10 10,581 13 6 Treasury Department — Miscellaneous revenue .. .. .. .. 17 18 0 .. 2,450 10 11 1,417 17 9 1,050 11 2 Rents collected .. .. .. .. .. 733 0 8 .. 13,356 17 10 .14,089 18 6 Loan receipts .. .. .. .. •• 3,500 0 0 .. 419,270 0 0 413,180 0 0 9,590 0 0 Valuation Department —General receipts .. .. .. 172 8 0 .. 12,431 15 7 10,436 6 7 2,167 17 0 War-loan Certificates. Fund Account .. .. .. .. .. .. 117,355 2 2 .. 100,000 0 0 126,225 0 0 91,130 2 2 Sales Investment Account .. .. .. .. •• 244,840 0 0 128,140 0 0 .. .. 116,700 0 0 Custody Account .. .. .. .. • •• •• 502,760 0 0 502,760 0 0 Interest Account .. .. .. .. .. 138,452 4 0 .. 8,722 10 10 100,000 0 0 47,174 14 10 Post Office Investment Certificates. Head Office'Account .. .. .. .. .. 655,068 6 8 .. 225,416 13 4 536,467 18 4 344,017 1 8 Chief Postmasters' Account .. .. .. •• 500,164 5 4 .. 536,467 18 4 551,914 7 4 484,717 16 4 Fund Account .. .. .. .. .. .. 624,931 10 0 .. 549,321 12 6 62,873 0 0 1,111,380 2 6 Sales Investment Account (old issue) .. •• •• 111,150 0 0 37,500 0 0 13,900 0 0 .. 87,550 0 0 Interest Account .. .. .. .. •• 32,826 15 2 .. 13,168 13 10 34 10 5 45,960 18 7 Sales Investment Account (new issue) — One year .. .. .. .. .. .. .. 35,620 0 0 35,620 0 0 36,220 0 0 .. 36,220 0 0 Two years .. .. .. .. .. ,. I •• 153,400 0 0 .. 249,320 0 0 .. 402,720 0 0 Five years .. .. .. .. .. .. •• 295,870 0 0 .. 318,970 0 0 .. 614,840 0 0 Interest Account — One year .. .. .. .. .. •• 66 2 4 .. 1,473 8 10 .. 1,539 11 2 Two years .. . . .. .. .. •• 25 11 7 .. 10,408 2 4 .. 10,433 13 11 Five years .. .. .. .. •. •• 275 16 7 .. 21,442 1 2 .. 21,717 17 9 General Account. Miscellaneous receipts (general) .. .. •• •• 5,079 10 .. 178,277 15 5£ 183,357 6 11 .. 0 0 6 Postage Account (other Administrations), (foreign postage) .. 44,373 5 9 .. 21,611 6 5 41,184 12 0 24,800 0 2 Mail Settlement Account (other Administrations) .. •• 28,919 10 8 i .. 6,551 6 8 335 18 6 35,134 18 10 Departmental and Treasury Expenditure Account .. .. 60,588 14 10 .. 4,248.481 17 11 4,277,693 0 10 31,377 11 11 Treasury postal drafts .. .. •• •• •• •• •• 200,457 11 0 200,457 11 0 Post Office Account .. .. •• •• •• •• 1,012,126 8 7 41,459,617 17 10 41,405,706 5 2 .. 958,214 15 11 Postmasters and Telegraphists .. -• •• •• •• 1,585,445 5 l£ 54,000,659 1 l£ 54,032,594 13 1 .. 1,617,380 17 1 Final Charge Adjustment Account •• •• •• •• •• 11,747 16 11 11,747 16 11 Credits-in-aid Account .. .. -• •• •• •• •• 126,349 5 5 126,349 5 5 Interest on Loans Account .. •• •• •• •• •• 428,000 0 0 428,000 0 0 Post Office Investment Account .. • • • • • • • • . . 515,410 0 0 .. 515,410 0 0 Wireless, Ltd., Account -• •• •• •• 14,806 16 10 14,806 16 10 Totals.. .. •• •• •• 52,228,800 14 8£ 52,228,800 14 8£ 183,794,739 0 7£ 183,794,739 0 1\ j 53,735,069 5 8 53,735,069 5 8