BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1938-39. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.)

Appendix to the Journals of the House of Representatives, 1939 Session I, B-01-part04

B.—l [PT. IV].

1939. NEW ZEALAND.

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1938-39. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.)

I—B. 1 [Pt. IV].

B.—l [PT. IV].

C ONTENTB.

PAGE PAGE Agriculture — Legislative .. .. .. .. .. 28 Nauru and Ocean Islands Account .. . . 4 Main Highways Account .. .. . . 29 Orchard Tax Act, 1927, Deposit Account . . 5 Marine Department .. .. .. 72 Audit Department .. .. .. .. 6 Mental Hospitals Department .. .. . . 80 Bank of New Zealand Shares Account .. . . 76 National Broadcasting Service .. .. .. 32 British Phosphate Commissioners . . . . 4 National Commercial Broadcasting Service .. 33 Census and Statistics Department . . .. 7 National Provident Fund .. .. .. 34 Crown Law Office .. .. . . .. 7 National Provident and Friendly Societies DepartCustoms Department .. . . . . .. 8 ment .. .. .. .. 84 Electric Supply Account . . .. . . 9 Police Department .. .. .. 85 Explanatory Memorandum . . . . . . 3 Printing and Stationery Department .. .. 35 Government Fire Insurance Fund . . . . 76 Public Service Commissioner's Office .. .. 89 Government Life Insurance Department .. . . 77 Public Service Superannuation Fund .. . . 37 Hauraki Plains Settlement Scheme .. .. 17 Public Trust Office .. .. .. 40 Housing Account .. . . . . 56 Railways .. .. .. .. 42 Labour Department— Railways Superannuation Fund .. .. 49 Employment Division .. . . 20 Rangitaiki Land Drainage Scheme .. .. 52 Immigration . . .. f . . 21 Repatriation Account . . .. . . 53 Industrial Division .. . . . . . . 19 Reserve Bank of New Zealand .. .. . . 54 Land and Deeds Department . . . . . . 78 Scientific and Industrial Research Department . . 86 Lands and Survey Department— Stamp Duties Department . . .. . . 90 Bluff Harbour Endowment Account .. .. 22 State Advances Corporation .. .. .. 55 Clutha River Trust Account .. . . .. 22 State Coal Mines Account .. .. .. 60 Gore High School Endowment Account . . 23 State Fire Insurance Office .. .. . . 91 New Zealand University Endowment (Westland) State Fire Insurance Office—Accident Branch ... 92 Account .. .. .. . . .. 79 Swamp Land Drainage Schemes .. .. 67 North Island Experimental Dairy School Account 24 Teachers' Superannuation Fund.. .. 92 Otago Boys' and Girls' High Schools Endowment Transport Department .. .. .. 94 Account .. .. .. . . 26 Treasury Department .. .. .. 69 Otago University Endowment Account .. 25 Tuwharetoa Trust Board .. .. .. 70 Taranaki Scholarship Endowment Account . . 27 Valuation Department .. .. . . 71 Waipiata-Hamilton Library Endowment Account 27 Westport Harbour Account .. .. . . 96

THE FOLLOWING ACCOUNTS WERE NOT AVAILABLE FOE PRINTING IN THIS PUBLICATION AND WILL BE INCLUDED IN A SUPPLEMENT. Administration of Western Samoa. Lands and Survey Department—continued. Agriculture Department—Departmental. Wairoa Harbour Endowment Account. Air Department. Wanganui Harbour Endowment Account. Arawa District Trust Board. Wanganui River Trust Account. Army Department. Mines Department. Crown Lands Account. Mining Advances Account. Dairy Industry Loans. Miscellaneous Advances from Consolidated Fund Education. Native Department— Electoral. Departmental. Ellesmere and Forsyth and Akaroa Railway Trust Account. District Maori Land Boards. Employment Promotion Fund. Maori Purposes Fund. External Affairs Department. Native Housing. General Purposes Relief Account. Native Land Development Schemes. Government Stores Marine Insurance Fund. Native Trustee. Greymouth Harbour Board —Special Coal Rate. Navy Department. Health Department. New Zealand Reparation Estates. Howard Estate. Pensions Department. Industries and Commerce, Tourist and Publicity. Post and Telegraph Department. Internal Affairs Department. Primary Products Marketing Department. Internal Marketing. Prime Minister's Department. Iron and Steel Department. Public Debt Redemption Fund. Justice and Prisons Department. Public Works Department—Departmental. Land and Income Tax Department. Reserve Fund Account. Land for Settlements Account. Samoan Loan Suspense and Sinking Fund Account. Lands and Survey Department— Scenic Reserves Account. Auckland Museum Endowment Account. Small Farms Scheme. Departmental. State Balance-sheet. Geraldine County River Board Endowment Account. State Income and Expenditure Account. Greymouth Technical and Hokitika High Schools State Forest Service. Account. Surveys of Native Land. Hunter Soldiers' Assistance Trust Deposit Account. Taranaki Maori Trust Board. National Endowment Account. Treasury— Primary Education Endowment Deposit Account. Investment in State Advances Corporation Account. Secondary Education Endowment Deposit Account. Miscellaneous. Victoria College Endowment Account, Waihou and Ohinemuri Rivers Improvement Account.

2

B.—l [Pt. IV].

EXPLANATORY MEMORANDUM. The following notes are explanatory of the more important matters relating to the preparation of the balance-sheets and revenue accounts included in 8.-l [Pt. IV], 1939, which are prepared on an income and expenditure basis and present a more comprehensive statement of the financial operations of departments and services than is possible in the cash statements included in papers 8.-l [Pts. I and ll], (i) Authority.—Section 57 of the Finance Act, 1932, requires the preparation of these accounts and their presentation to Parliament. (ii) Capital— (cs) General: The amounts under this heading in the accounts usually represent the value of fixed assets at the conclusion of the financial year, and the amounts are divided to show loan capital separate from that provided from revenue or other source. (b) Public Works Loans: Loans for the Public Works Fund (General Purposes Account) are shown as Public Works Fund Capital in the appropriate accounts recording the expenditure. Redemptions of those loans are allocated by the Treasury to the accounts whose expenditure is represented by the least productive assets. (iii) Depreciation.—Treasury Instruction No. 97 specifies various rates of depreciation based on an estimated average life for different classes of assets. The rates are computed usually on the original capital cost. If the nature of a Department's depreciating assets calls for special rates, these are approved as required. (iv) Exchange.-—Exchange on all remittances abroad is charged to the Consolidated Fund and appears in the State Income and Expenditure Account; it is not recouped from the various departmental votes in the Consolidated Fund nor from the various separate or special accounts as regards capital expenditure charged in the first instance to the Public Works Fund. Exchange on remittances abroad for purchases of materials and miscellaneous services is, however, recouped from the following separate or special accounts: — Electric Supply. Land for Settlements. Main Highways. State Coal-mines. State Forests. Employment Promotion Fund. Accounts outside the Public Account {e.g., Post Office Account, State Fire Insurance Office Account, &c.). No recoupment is made from separate or special accounts (either within or outside the Public Account) for exchange on remittances of interest. (v) Charges not subject to specific Appropriation.—ln pursuance of the general authority quoted in (i) above, certain charges such as administration, exchange of properties, assessed rental values, interest on capital and depreciation allowances, &c., are made through the Treasury Adjustment Account without cash payments or specific appropriation by Parliament. (vi) Interest.—ln the case of separate accounts such as Main Highways Account or State Coal-mines Account, the interest charge shown represents actual interest payabfe on the loans raised for those specific purposes. In the accounts of other Departments, an average rate, at present 4 per centum per annum, is charged. (vii) Rentals.—Some Departments occupying private premises actually pay rentals. Others occupying Government buildings are assessed annually with rental based on the average rate of interest, the cost or valuation of the property, and the class of building. (viii) State Balance-sheet.—A general balance-sheet and Income and Expenditure Account incorporating the financial transactions of all Government Departments and services are presented. (ix) Treasury Adjustment Account.—This is the equivalent of a " Head Office Account " in branch accounting, and through it are passed inter-departmental transfers and the total of cash transactions for the year. Separate accounts (see vi) having their own cash balances do not utilize a Treasury Adjustment Account. (x) Values. —When the provision of accounts and balance-sheets on a commercial basis by all Departments was first instituted about 1922, it was necessary to bring numerous properties and assets into account by means of a fair valuation. New assets since then, or additions, are usually recorded at actual cost with any depreciation provision shown either as a deduction or separately.

3

B.—l [PT. IV].

DEPARTMENT OF AGRICULTURE. NAURU AND OCEAN ISLANDS ACCOUNT. Revenue Account foe the Yeae ended 31st Maech. 1939. Dr. £ S. d. Or. • £ s. d. Interest on debentures .. .. .. 11,520 18 0 Annual payment from British Phosphate CommisAdministration and management charges .. 534 9 9 sion (in sterling) .. .. .. 35,848 11 2 Audit fee .. .. .. .. .. 500 Exchange on annual payment .. .. .. 8,603 13 1 Balance to Appropriation Account .. .. 32,391 16 6 £44,452 4 3 £44,452 4 3 Appeopeiation Account foe the Yeae ended 31st March, 1939. Dr. £ s- d. Cr. £ s. d. Redemption of debentures .. .. .. 32,150 0 0 Balance, Ist April, 1938 .. .. .. 24,374 6 6 Balance, 31st March, 1939 .. .. .. 24,616 3 0 Revenue Account .. .. .. .. 32,391 16 6 £56,766 3 0 £56,766 3 0 Balance-sheet as at 31st Maech, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital: Debentures at 3i per cent. .. .. 317,850 0 0 Share (16 per cent.), Nauru and Ocean Islands Interest accrued but not due .. .. .. 2,285 18 1 phosphate rights (at cost) .. . . .. 565,040 0 0 Reserve Account .. .. .. .. 247,190 0 0 Proportion of annual payment from British PhosAppropriation Account .. .. .. 24,616 3 0 phate Commission accrued but not due .. 26,886 8 5 Cash— £ s. d. Loans Redemption Account .. 10 2 5 Deposits: Miscellaneous .. 510 3 15 12 8 £591,942 1 1 £591,942 1 1 Notes. (1) New Zealand's share of the profits earned by the Commission has been used for capital developments, but is not included in these accounts ; (2) the accounts of the British Phosphate Commission for the year ended 30th June, 1938, are published herewith. L. C. Scott, Accountant. I hereby certify that the Revenue 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, subject to the departmental notes enfaced thereon.—J. 11. Fowlee, Controller and Auditor-General. THE BRITISH PHOSPHATE COMMISSIONERS. Teading Account foe the Year ended 30th June, 1938. Dr. £ Or. £ F.o.b. cost of phosphate, including interest on capital, Phosphate sales and sundry credits, less freight and contribution to a sinking fund for the redemption of insurance, &c. .. .. .. .. .. 944,068 capital, and other charges in accordance with Article 11 of the agreement of the 2nd July, 1919 .. . ■ 940,059 Balance .. .. •• •• •• •• 4,009 £944,068 £944,068 £ £ Balance carried forward ■. ■. •. • • 15,024 Balance brought forward at Ist July, 1937 .. .. 11,015 Balance for year ended 30th June, 1938 .. .. 4,009 £15,024 £15,024 Balance-sheet as at 30th June, 1938. Liabilities. £ Assets. £ United Kingdom Government .. .. .. 1,325,343 Nauru and Ocean Island phosphate rights, buildings and Commonwealth Government .. .. 1,325,343 plant, ships, investments and deposits, less reserves New Zealand Government .. •• •• 504,893 for depreciation and other charges in accordance — with Article 11 of the agreement of the 2nd July, 1919 3,174,395 3,155,579 Sundry debtors and phosphate on consignment .. 516,722 Sinking fund for redemption of capital .. .. 375,921 Voyages in progress .. .. .. 20,694 Sundry creditors and outstandings .. .. 629,556 Phosphate and goods in transit .. .. .. 168,425 Trading Account balance.. .. •• •• 15,024 Stocks at Nauru, Ocean Island, and elsewhere .. 244,293 Cash at banks and in hand .. .. .. 51,551 £4,176,080 £4,176,080 We have examined the foregoing Balance-sheet with the books and vouchers of the British Phosphate Commissioners and the audited accounts from London. We have accepted the certificates of officers of the Commissioners for the valuation of the stocks. We have obtained all the information and explanations we have required. In our opinion the Balance-sheet is properly drawn up so as to exhibit a true and correct view of the state of the Commissioners' affairs according to the best of our information and the explanations given to us and as shown by the books of the Commissioners. Kent, Beieeley, and Sully, Chartered Accountants (Aust.), Auditors.

4

B.—l [PT. IV].

DEPARTMENT OF AGRICULTURE—continued. THE ORCHARD TAX ACT, 1927, DEPOSIT ACCOUNT. Revenue Account for the Year ended 31st March, 1939.

Appropriation Account for the Year ended 31st March, 1939.

Balance-sheet as at 31st March, 1939.

L. C. Scott, Accountant, Department of Agriculture, Wellington. I hereby certify that the Revenue 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.—J. H.Fowler, Controller and Auditor-General.

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Purposes Fireblight-tax under Section 4. —• Tax Total. Waimea. Gisborne. Marlborough. Expenditure. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Expenses of collection .. .. .. .. 562 18 1 12 17 0 3 14 0 3 15 0 583 4 1 Balance to Appropriation Account .. .. .. 1,382 0 11 419 17 7 10 17 4 15 12 8 1,828 8 6 1,944 19 0 432 14 7 14 11 4 19 7 8 2,411 12 7 Income. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Tax levied under sections 3 and 4 (including penalty) .. 2,107 18 9 473 4 9 15 13 3 21 3 6 2,618 0 3 Less penalties allowed for prompt payment.. .. 162 19 9 40 10 2 1 1 11 1 15 10 206 7 8 1,944 19 0 432 14 7 14 11 4 19 7 8 2,411 12 7

Exposes Fireblight-tax under Section 4. Tax Total. under • Section 3 Waimea. Gisborne. Marlborough. D r • £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Tax irrecoverable, written off .. .. .. 11 15 8 .. .. .. 11 15 8 Fruitgrowers' Federation, Fireblight Commission, and 1,408 6 9 416 8 10 .. .. 1,824 15 7 Department of Scientific and Industrial Research Balance .. .. .. .. .. .. 1,798 16 0 434 12 7 21 11 2 32 6 5 2,287 6 2 3,218 18 5 851 1 5 21 11 2 32 6 5 4,123 17 5 £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Balance, 1st April, 1938 .. .. .. .. 1,836 17 6 431 3 10 10 13 10 16 13 9 2,295 8 11 Revenue Account .. .. .. .. 1,382 0 11 419 17 7 10 17 4 15 12 8 1,828 8 6 3,218 18 5 851 1 5 21 11 2 32 6 5 4,123 17 5

Purposes Fireblight-tax under Section 4. Tax Total. under Section 3. Waimea. Gisborne. Marlborough. Liabilities. £ a. d. £ a. d. £ s. d. £ s. d. £ a. d. Creditors: Departmental .. .. .. .. 166 2 5 12 17 0 6 17 0 6 11 6 192 7 11 Suspenae Accounta .. .. . . .. 18 0 0 3 1 8 .. .. 21 1 8 Appropriation Accounts .. .. .. .. 1,798 16 0 434 12 7 21 11 2 32 6 5 2,287 6 2 1,982 18 5 450 11 3 28 8 2 38 17 11 2,500 15 9 Assets. Sundry debtors— £ s. d. £ a. d. £ a. d. £ a. d. £ s. d. Departmental .. .. .. .. .. 374 8 11 6 5 4 1 9 5 0 13 0 382 16 8 General .. .. .. .. .. 281 12 7 17 4 1 4 1 9 1 19 8 304 18 1 Cash in Depoait Account .. .. .. .. 1,326 16 11 427 1 10 22 17 0 36 5 3 1,813 1 0 1,982 18 5 450 11 3 28 8 2 38 17 11 2,500 15 9

B.—l [Pt. IV].

AUDIT DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ s. dSalaries .. .. •• 65,805 1 9 Fees due .. .. .. •• •• 38,062 7 4 Advertising, books, &c. .. .. .. 203 10 7 Excess of expenditure over income .. .. 43,353 5 3 Allowances : London and Samoa .. • • 899 1 2 Office fittings and requisites .. .. .. 148 3 2 Postages .. •• •• •• •■ 324 7 0 Bent 1,624 15 6 Telephone services .. .. • • • • 282 13 7 Temporary assistance .. .. • • 871 2 1 Travelling-expenses .. .. ■■ 7,612 10 2 Transfer expenses : London .. .. .. 312 510 Printing and stationery .. .. ■ ■ 415 5 8 Transfer and removal expenses .. .. 1,268 1 4 Overtime and meal allowances .. .. 1,314 9 0 Compassionate grant .. .. .. •• 11200 Depreciation— £ s. d. Mechanical appliances .. .. 46 16 3 Furniture and fittings .. .. 103 15 4 Books .. .. • ■ • - 69 7 0 219 18 7 Assets provisionally written off .. .. 2 7 2 £81,415 12 7 £81,415 12 7 £ s. d. £ s- d. Balance .. .. •• 43,353 5 3 Sale of stores .. .. .. ■■ 2 0 0 Interest on capital .. .. •• 54 11 8 Excess of expenditure over income, carried forward 43,405 16 11 £43,407 16 11 £43,407 16 11 Balance-sheet or the Audit Department as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital .. •• •• •• •• 1,475 18 11 Furniture and fittings .. .. •• 518 510 Treasury Adjustment Account .. .. 45,341 7 2 Mechanical appliances .. .. .. 327 13 6 Creditors- £ s. d. Books 629 9 7 Departmental . . .. .. 147 10 9 Stationery .. .. .. .. • • 158 13 9 Sundrv •• •• -• 402 18 7 Stamps .. .. .. .. •• 75 11 7 550 9 4 Debtors: Sundry .. .. . • • ■ 2,257 13 9 Fees paid in advance .. .. .. ■■ 519 6 Assets in. Suspense .. .. .. .. 2 7 2 Writing-off, Suspense .. .. ■■ •• 2 7 2 Excess of expenditure over income .. .. 43,405 lb 11 £47,376 2 1 £47,376 2 1 Cyril G. Collins, F.R.A.N.Z., Deputy Controller and Auditor-General. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].—J. H. Fowler, Controller and Auditor-General.

6

B.—l [PT. IV],

CENSUS AND STATISTICS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1939. # Expenditure. £ s. d. Income. £ s. d. Salaries .. .. .. .. .. 24,903 410 Work done .. .. .. 1 604 0 9 Freight, cartage, &c. .. .. .. .. 24 11 8 Sale of publications .. .. . ''492 8 2 Fuel, light, and office cleaning .. .. .. 201 1 1 Balance carried down .. .. 34 087 17 4 Maintenance of mechanical appliances .. .. 65 16 7 Overtime and meal allowance .. . . .. 516 1 4 Postage and telegrams .. . . .. 910 3 6 Printing and stationery .. .. .. 1,471 17 10 Rent of offices .. .. .. .. 1,028 18 2 Preparation of statistical publications .. . 4,349 17 8 Collection of statistics .. .. . 2,360 14 0 Telephone gervices .. . . 96 15 2 Travelling-expenges .. . . . . 14 13 11 Miscellaneous expenses . . . 71 1 7 Census, 1936 .. . . . . . 23 1 9 Depreciation .. . . 146 7 2 £36,184 6 3 £36,184 6 3 £ s. d. £ s d Balance brought down .. .. .. 34,087 17 4 Excess of expenditure over income .. .. 34 168 13 3 Interest on capital .. .. .. .. 80 15 11 £34,168 13 3 £34,168 13 3 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s d Capital Account .. .. .. .. 2,279 15 2 'Furniture .. .. .. .. .. 609 19 8 Creditors— Mechanical appliances .. .. .. 1 477114 Sundry .. .. .. .. .. 523 11 5 Library .. .. .. .. ~ '4517 0 Departmental .. .. .. .. 79 9 0 Departmental debtors .. .. .. 10 9 10 Treasury Adjustment Account .. .. 33,429 15 6 Excess of expenditure over income .. .. 34,168 13 3 £36,312 11 1 £36,312 11 1 J. W. Butcher, Government Statistician. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —J. H. Fowler, Controller and Auditor-General.

CROWN LAW OFFICE. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ s . d. Salaries .. .. .. .. .. 7,710 210 Law-costs .. .. .. .. .. JB5 4 0 Annual certificates .. .. .. .. 44 2 0 Balance .. .. .. .. ..' 8 702 12 2 Printing and stationery .. .. .. 225 3 8 Postages .. .. .. .. .. 17 12 6 Purchase of Law Reports, &c. .. .. .. 139 11 9 Telephone services .. .. .. .. 153 16 1 Advertising, newspapers, &c. .. .. .. 314 9 Office fittings, repairs, and requisites .. .. 33 1 5 Travelling-expenses .. .. . . .. 19 1 3 Sundry expenses .. .. .. .. 12 10 0 Pent .. .. .. .. .. 296 9 0 Depreciation— £ s. d. Furniture and fittings .. .. 37 14 0 Library .. .. .. 194 16 11 232 10 11 £8,887 16 2 £8,887 16 2 £ s. d. £ s. d Balance brought down .. .. .. 8,702 12 2 Excess of expenditure over income .. ..8 745 16 11 Interest on capital .. .. .. .. 43 4 9 £8,745 16 11 £8,745 16 11 Balance-sheet as at 31st March, 1939. Liabilities. £ g. d. Assets. £ g, J, Capital .. .. .. .. .. 1,007 12 0 Furniture and fittings .. .. .. .. 49 5 4 Creditors— £s. d. Mechanical office appliances .. .. . . 010 0 Departmental .. .. ..4 5 2 Library .. .. .. .. .. 957 jg g Sundry .. .. . . 013 0 Debtors: Departmental .. .. .. 418 9 4 18 2 Payments in advance .. .. .. . . 48 3 0 Treasury Adjustment Account .. .. .. 8,794 0 6 Excess of expenditure over income .. .. 8,745 16 11 £9,806 10 8 £9,806 10 8 H. H. Cornish, Solicitor-General. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —J. H. Fowler, Controller and Auditor-General.

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B.—l [Pt. IV].

CUSTOMS DEPARTMENT. Revenue Account for the Year ended 31st March, 1939. Dr. Or. £ s- d. Administrative charges— £ s. d. £ s. d. Customs and excise duties .. .. .. 10,645,186 13 7 Salaries .. .. ..98,828 11 7 Beer duty .. .. .. .. 1,075,867 14 10 Pay of non-permanents .. 4,955 7 8 Brewery supervision fees .. .. .. 1,144 1 4 Allowances, overtime, and rewards 7,309 10 11 Customs fines .. .. .. .. 501 10 0 Expenses of official representative, Customs Agents'license fees .. .. 398 10 0 London .. .. .. 955 14 11 Distillation Act fees .. .. .. 60 0 0 Expenses of official representative, Gold-export duty (12s. 6d. per ounce) .. 100,457 9 4 New York .. .. .. 1,724 19 6 Hop-beer license fees .. .. .. 84 10 0 Postages and telegrams .. 2,000 1 6 Profit on realization of assets .. .. 8 19 5 Printing and stationery . . 3,490 10 3 Sale of seizures .. .. • • • • 24 10 1 Services rendered by Post and Sales-tax .. .. .. •• 3,551,698 5 1 Telegraph Department .. 2,080 11 6 Sales-tax license fees .. .. .. 555 0 0 Transfer and removal expenses .. 1,727 1 6 Territorial revenue .. .. .. 1 0 0 Travelling allowances and expenses 736 11 6 Timber-export duty .. .. •• * ® Rent .. .. .. 5,416 15 8 Tobacco Act license fees .. .. .. 644 0 0 Maintenance and repairs .. 472 17 2 Warehouse license fees .. .. .. 11,247 12 3 Miscellaneous expenses.. .. 4,808 9 5 134,507 3 1 Grants to Cook and Niue Islands .. .. 4,839 0 0 Depreciation .. .. . ■ • • 1,427 3 0 Writing off reserve .. .. .. 4 16 3 Balance carried down .. .. .. 15,247,104 5 3 15,387,882 7 % £15,387,882 7 7 £ s. d. £ s. d. Interest on capital .. .. .. 794 17 11 Balance brought down .. .. .. 15,247,104 5 3 Excess of revenue over expenditure .. 15,246.309 7 4 15,247,104 5 3 £15,247,104 5 3 Note. —Percentage cost of collection including depreciation and interest on capital, 0-9203 = 18s. sd. Balance-sheet as at 31st March, 1939. Liabilities. Assets. Capital — £ s. d. £ s. d. £ s. . Public Works Fund Capital Ac- Land .. .. .. .. •• 8,202 0 0 count .. .. •• 10,700 10 9 Buildings.. .. .. .. •• 6,903 11 2 Consolidated Fund Capital Ac- Bicycles .. .. .. .. • • 5 5 1 count .. .. v 9,722 4 8 Furniture and fittings .. .. .. 3,860 3 5 20,422 15 5 Mechanical office appliances .. .. 1,451 15 9 Writing off reserve .. .. • • 416 3 Saleable books .. .. • • ■ • 83 11 0 Creditors— Stamps, postage .. .. .. .. 172 15 b Departmental.. .. .. 882 11 0 Stocks — £ s. d. Sundry .. .. •• 4,810 5 7 Stationery .. .. 623 18 8 5,692 16 7 Uniform trimmings .. 38 7 10 Fees paid in advance .. .. .. 10,319 5 0 Testing and gauginginstruAmounts held on deposit— ments .. .. 372 16 0 Customs duties .. .. 108,039 6 6 Testing-glasses .. .. 32 19 6 Immigration Restriction Acts .. 4,260 0 0 Sealing pliers and crown Export Control Boards.. .. 9,199 19 3 locks .. .. 20 9 8 F 121,499 5 9 1,088 11 8 Excess of revenue over expenditure .. 15,246,309 7 4 Debtors — Departmental .. .. 34,868 16 2 Sundry .. .. 12,695 19 0 47,564 15 2 Deposit Accounts — Receiver-General .. 96,935 0 0 Collectors of Customs .. 11,104 6 6 Immigration Restriction Acts.. .. .. 4,260 0 0 Honey-export Control Act, 1924.. .. .. 2 4 11 Meat-export Control Act, 1921-22 .. .. 4,486 12 1 Wool Industry Promotion Act, 1936 .. .. 4,711 2 3 121,499 5 9 Assets in Suspense .. .. ■ • 4 16 3 Treasury Adjustment Account .. 15,213 411 15 7 £15,404,248 6 4 £15,404,248 6 4 E. D. Good, Comptroller of Customs. I hereby certify that the Revenue 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l. [Pt. IV], —J. H. Fowler, Controller and Auditor-General.

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B.—l [Pt. IVj-

ELECTRIC SUPPLY ACCOUNT. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1939. General Balance-sheet at 31st March, 1939, compared with Position at 31st March, 1938.

2—B. 1 [Pt. IV].

9

Liabilities ■ 1938-39. ! 1937-38. j Assets. 1938-39. 1937-38. Aid |uppTy a l^^- W ° rkS aDd EleCtri ° £ S - d - £ S - d - £ * North Island scheme — £ s . d. £ s. d. £ «. d. Debentures Stock issued— Assets as per separate balance-sheet .. .. 10,280,338 13 5 9,687,193 12 6 At 2£ per cent, interest .. .. 1,300,000 0 0 1,300 000 0 0 At 3 per cent, interest .. .. 3,149,372 9 6 3,149,372 9 6 At 3J per cent, interest .. .. 1,449,225 0 0 1,449,225 0 0 At 3J per cent, interest .. .. 573,555 0 0 574' 555 0 0 At 4 per cent, interest .. .. 1,647,600 0 0 1 647 600 0 0 At 4£ per cent, interest .. .. 2,623,913 18 0 2,623,913 18 0 At 6 1 per cent, interest .. 3,159,227 13 6 3,159,227 13 6 South Island scheme— e en ures no ye converted ... .. 50 0 0 50 0 0 Assets as per separate balance-sheet .. 7,013,536 11 10 6,635,189 0 3 Investments, Sinking Fund .. .. 10,321 2 3 ' 11 679 15 1 Consolidated Fund — ".902, Ml 1 0 f „ j 1 ,,023.857 U 1 Interest accrued on loans to 31st March, 133,577 6 10 132,713 15 8 6,646,868 15 4 Sundry creditors for interest unclaimed 12 0 0 j 133,589 6 10 10 0 0 132,723 15 8 Temporary loan 12,000 0 0 12,000 0 0 Sur^ S a " d General - " - 18,665 8 5 18,717 6 3 Temporary transfers from other accounts .. .. 210,000 0 0 Interest reserve, being excess of interest .. 82,126 3 2 81 196 7 10 charged to schemes over interest actually ' paid on capital liability Carried forward .. .. .. 14,340,659 11 0 14,129,864 4 6 Carried forward .. 17,322,861 15 11 16,352,779 14 1

8.. 1 [PT. IVJ.

ELECTRIC SUPPLY ACCOUNT— continued. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1939—continued. General Balance-sheet at 31st March, 1939, as compared with Position at 31st March, 1938 —continued.

Notes, (a) No charge for cost of exchange on interest payments made in London is included. (b) Owing to the interconnection of the various schemes, it has not been found practicable to show separately the accounts of these schemes as required by the State Supply of Electrical Energy Act, 1917. J. W. Scott, A.R.A.N.Z., Chief Accountant, Public Works Department. I hereby certify that the General Balance-sheet has been duly compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby, subject to the departmental notes enfaced thereon.— J. H. Fowler, Controller and Auditor-General.

10

Liabilities. 1938-39. 1937-38. j Assets. 1938-39. 1937-38. £ s. d. £ s. d. £ s. d. £ s . d. £ s. d. £ s. d. Brought forward .. .. .. 14,340,650 ll ■ 0 14,129, 864 4 6 Brought forward .. .. .. 17,322,861 15 11 16,352,779 14 1 Sundry Creditors— Balance in Electric Supply Account at the North Island scheme .. .. 100,632 17 2 86,139 11 3 end of year — South Island scheme .. .. 36,102 10 8 40,896 4 1 Cash in Public Account .. .. 7,000 5 0 44,198 7 10 Surveys and general .. .... .. 168 8 3 Imprests outstanding.. .. .. 8,926 5 2 18.856 '18 2 136,735 7 10 — — ' 15,026 10 Hi 127,204 3 7 63,055 6 0 Charges paid in advance — * :— North Island scheme . . .. . .. 8 16 5 2 1 6 Suspense Account .. .. .. .. 100 4 9: 266 11 9 South Island scheme .. .. 723 9 0 1,662 12 4 : 732 5 5 1,664 13 10 Depreciation Reserve — North Island scheme .. .. 1,042,932 14 2 1,016,184 7 5 South Island scheme .. .. 637,799 5 1 552,104 19 1 1,680,731 19 3 1,568,289 6 6 Stocks —Surveys and General .. .. .. 70 0 0 104 9 8 Sinking Fund — = Amount utilized for redemption of loans 496,364 8 4 315,364 8 4 Available for further redemptions .. 595,513 18 8 191,321 2 3 1,091,878 7 0 — 506,685 10 7 Writings-off in Suspense — j North Island scheme .. .. .. 0 12 6 143 13 11 South Island scheme .. .. 1,021 2 7 742 8 9 1,021 15 1 886 2 8 General Reserve — South Island scheme .. .. .. 87,199 6 0 82,399 5 8 Sundry debtors for interest due but unpaid .. .. 787 5 10 Total .. .. .. .. £17,338,958 11 7 £16,416,993 7 4 ================= Total .. .. .. .. £17,338,958 11 7 £16,416,993 7 4 Contingent Liability. Arrears due to Sinking Fund 558,076 9 3

-f [FT. f?].

ELECTRIC SUPPLY ACCOUNT— continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1939, compared with Year ended 31st March, 1938, Gross Revenue Account.

Net Revenue Account.

11

1938-39., 1937-38. [j 1938-39. 1937-:. 8. To Generating-expenses, headworks, and £ s. d. £ s. d. £ s. d. By Sales of energy — £ s. d. £ s. d. £ s. d. power-house— Wholesale .. .. .. 1,112,597 6 6 966,482 5 0 Arapuni .. .. .. 23,289 16 6 17,232 13 4 Retail .. .. .. .. 2,654 0 0 2,247 15 4 Horahora. .. .. .. 3,031 19 1 4,315 5 7 1,115,251 6 6 — , =- Mangahao .. .. .. 11,115 16 4 10,172 11 3 968,730 0 4 Waikaremoana .. .. .. 11,945 12 3 14,138 6 2 Standby stations .. .. 24,424 6 4 13,468 18 4 Rents — 73,807 10 6 Cottages, &c. .. .. .. 9,798 12 3 8,261 5 5 59 ,327 14 8 Lines, plant, &c. .. .. 794 10 8 823 15 6 j Transmission-lines — 10,593 2 11 Patrol, maintenance, &c. .. .. .. 32,330 11 5 36,728 5 4 1 Substations — 9,085 0 11 Operation and maintenance .. .. 30,853 19 8 25,988 3 11 Management and general — Miscellaneous — Salaries, office expenses, accident, sick, .. 63,446 1 5 55,500 6 3 Tests and inspection .. .. 1,286 4 7 677 4 9 and holiday pay, testing, &c. Penalties .. .. .. 10 0 • 1,287 4 7 ! 677 4 9 200,438 3 0 177,544 10 2 Balance to Net Revenue Account .. .. 926,693 11 0 800,947 15 10 £1,127,131 14 0 £978,492 6 0 £1,127,131 14 0 £978,492 6 0

—' I 1938-39. 1937-38. 1938-39. 1937-38. L l_ I _! | I < £ s. d. £■ s. d. £ ,s. (1. £ ft, d. To Interest for year ended 31st March, 1939 .. .. 353,675 18 3 349,816 3. 5. % Balance from Gross Revenue Account .. .. 926,693 11 0 800,047 15 10 Depreciation on completed works .. .. .. 7,228 1 7 50,725 6 11 King's Wharf Station, half annual charges on capital 33,547 5 2 37,592 10 2 costs thereon Cost of raising loans and expenses .. .. .. 2,072 12 3. 2,151 8 2. Balance to Profit and Loss Appropriation Account .. 530,169 13 9 360,662 7 2 £926,693 11 0 £800,947 15 10 £926,693 11 0 £800,947 15 10

B.—l [FT. IV].

ELECTRIC SUPPLY ACCOUNT—continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY—continued.

12

Profit and Loss Appropriation Account for Tear ended 31st March, 1939, compared with Year ended 31st March, 1938. 1938-39. 1937-38. 1938-39. 1937-38. £ s. d. £ s. d. £ s. d. £ s. d. j To Balance from previous year . . .. .. .. 155,175 8 4 By Balance from Net Revenue Account .. .. 530,169 13 9 360,662 7 2 Adjustment of error 1936-37 .. .. .. .. 50,548 11 1 Sinking Fund Account .. .. .. .. 530,169 13 9 154,938 7 9 £530,169 13 9 £360,662 7 2 £530,169 13 9 £360,662 7 2 \ Depreciation Reserve Account. £ s. d. £ s. d. £ s. d. £ s. d. To Replacements, renewals, &c. .. .. . .. 21,127 2 3 21,443 4 6 By Balance at close of previous year .. .. .. 1,016,184 7 5 949,888 3 11 Balance to General Balance-sheet .. .. .. 1,042,932 14 2 1,016,184 7 5 Interest at 4 per cent, per annum . .. .. .. 40,647 7 5 37,014 1 1 Amount set aside as per Net Revenue Account .. 7,228 1 7 50,725 6 11 £1,064,059 16 5 £1,037,627 11 11 £1,064,059 16 5 £1,037,627 11 11 Sinking Fund Account. £ s. d. £ s. d. £ s. d. £ s. d. To Balance .. .. .. .. 741,037 17 0 210,868 3 3 By Balance at close of previous year .. .. .. 210,868 3 3 55,929 15 6 Profit and Loss Appropriation Account .. .. 530,169 13 9 154,938 7 9 £741,037 17 0 £210,868 3 3 £741,037 17 0 £210,868 3 3

B. —1 [PT. IV].

ELECTRIC SUPPLY ACCOUNT—continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued. Balance-sheet at 31st March, 1939.

13

Liabilities. J 1938-39. J 1937-38. Assets. 1938-39. 1 1937-38. £ s. d. £ s. d. £ s. d. Headworks, power-house, machinery, &c. — j £ s. d. £ a. d. £ s. d. Depreciation Reserve .. .. .. 1,042,932 14 2 1,016,184 7 5 Arapuni .. .. .. .. 2,510,228 7 11 2,487,053 4 2 Horahora .. .. .. .. 312,224 10 4 310,870 14 7 Mangahao .. .. .. .. 1,298,614 4 6 1,281,862 17 3 Sinking Fund — Waikaremoana .. .. .. 644,174 16 5 558,143 8 0 Utilized for redemption of loans.. 210,868 3 3 55,929 15 6 4,765,241 19 2 Available for further redemptions 530,169 13 9 154,938 7 9 4,637,930 4 0 741,037 17 0 ——- —- — Auxiliary plants — 210,868 3 3 Diesel Station, Penrose .. .. 62,189 7 8 62,189 7 8 — Steam Station Grand Junction .. . . 8,862 4 0 8,959 2 4 Steam Station, Huntly.. .. .. 10,847 1 11 10,847 111 Sundry creditors — 81,898 13 7 Public Works Department .. 26,231 12 4 19,138 15 0 81,995 11 11 Other Government Departments 2,056 19 1 1,394 15 9 Non-departmental .. .. 72,344 5 9 65, 06 0 6 Transmission-lines .. .. .. .. 1,746,006 14 1 1,589,664 7 2 — Substations .. .. .. .. .. 1,155,149 1 2 1,077,808 18 2 88,139 11 3 Office buildings, land, railway siding, harbour .. 64,256 18 8 61,461 10 4 100,632 17 2 —— facilities, &c. Writings-off in suspense .. .. .. .. 12 6 143 13 11 Temporary development, Waikaremoana .. .. 800 0 0 800 0 0 Charges paid in advance .. .. .. .. 8 16 5 2 1 6 Lower development, Waikaremoana .. .. 125,836 6 3 17,431 17 5 Head Office Account .. .. .. .. 8,395,725 16 2 8,373,855 15 2 Exploration and preliminary surveys .. .. 5,258 17 6 Salaries and expenses of engineers and others .. 505,689 13 0 496,240 6 7 on surveys and during construction Cost of raising loans .. .. .. .. 296,454 5 4 296,454 5 4 Interest during construction .. .. .. 963,962 2 3 956,627 1 4 9,710,554 11 0 9,216,414 2 3 Plant, motor-vehicles, &c. .. .. .. 70,801 0 3 57,728 16 8 Stocks .. .. .. .. .. 229,041 14 0 165,223 4 5 Sundry debtors — Public Works Department .. .. 5,431 15 5 5,871 18 7 Other Government Departments ., 6,233 17 9 6,903 4 5 Non-departmental .. .. .. 258,196 0 3 231,977 15 10 —— — 269,861 13 5 — 247,752 18 10 Payments in advance .. .. .. .. 79 14 9 74 10 4 £10,280,338 13 5 £9,687,193 12 6 Contingent Liability. — — £10,280,338 13 5 £9,687,193 12 6 ' Arrears due to Sinking Fund ■ ■ £304, 208 14 5 j ■— —

B.—l [PT. IV].

ELECTRIC SUPPLY ACCOUNT— continued. SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1939, compared with Year ended 31st March, 1938.

14

Gross Revenue Account. — 1938-39. 1937-38. 1938-39. 1937-38. To Generating-expenses, headworks, power- £ s. d. £ s. d. £ a. d. By Sales of energy — £ s. d. £ s. d. £ s d houses, and auxiliary plant Wholesale .. .. .. 454,254 12 5 387 057 15 11 Lake Coleridge .. .. .. 16,698 3 11 9,954 4 9 Retail .. .. .. .. 94,879 12 11 92 555 9 0 Waitaki 8,495 3 3 9,164 8 1 \ ' 549 lu 5 4 55S 9 ° Kaimata ........ 877 5 9 329 5 8 ' d7 n ei? » ,, Dobson .. .. .. .. 26,300 12 5 3,456 10 11 Lyttelton Diesel station .. .. .. 1,217 14 0 Bad debts recovered .. .. 54 6 9 192 10 10 Southland .. .. 15,118 7 1 11,198 6 8 Discounts forfeited .. .. .. .. 23 18 9 23 3 0 Purchases in bulk .. .. .. 4,140 5 5 .. Rents — 71,629 17 10 Land and buildings .. .. 3,290 2 0 2 637 11 9 35,320 10 1 Electric lines and plant, &e. .. 1,698 7 6 l'725 15 0 Transmission and distribution — . o, a _ Primary distribution .. .. 20,108 1 2 11,484 1 1 ' d Wl ft Q Secondary distribution .. .. 13,319 11 10 9,043 6 4 I 33,427 13 0 — Fees for testing and repairing electrical .. 2,505 0 2 1,945 17 9 20,527 7 5 appliances and earnings of motorvehicles Substations .. .. .. .. 17,949 7 3 16,788 1 3 Plant, tools, testing, &c. .. .. .. 8,325 2 1 268 3 0 Electrical testing .. .. .. .. 448 15 11 194 2 5 Miscellaneous — Trunk telephone system .. .. .. 1,096 14 6 822 4 1 Commissions, sales of appliances, &c. .. 4 .Vn 19 fi 7 oqn ! ■> * Management and general expenses .. .. 54,916 6 3 52,721 8 8 187,793 16 10 126,641 16 11 Balance, to Net Revenue Account .. .. 373,506 3 2 364,786 18 8 £561,300 0 0 £491,428 15 7 £561,300 0 0 ~£491 ,428 U~T — = Net Revenue Account. £ s. d. £ s. dr. jp s d £ j To Interest for year ended 31st March, 1939 .. 231,059 18 li 220,111 11 6 By Balance from Gross Revenue Account .. 373 506 3 2 364 786 18 s Depreciation on completed works .. .. 82.616 10 7 112,374 15 3 Revenue from rates, &c. 'l50 11 7 199 in Cost of raising loans .. .. .. 1,404 2 0 1,362 12 11 " Commission, collecting rates, &c. .. .. 41 7 7 73 5 0 Balance to Profit and Loss Appropri- .. 58,534 15 8 30,986 15 11 tion Account £373,656 14 9 £364,909 0 7 £373,656 14 9 £364,909 0 7

B.—l [PT. IV].

ELECTRIC SUPPLY ACCOUNT-continued. SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY-continued.

15

Profit and Loss Appropriation Account. 1938-39. 1937-38. j 1938-39. 1937-38. £ a. d. £ s. d. £ s. d. £ s. d. To General Reserve Account (reversing debit balance, Southland 4,800 0 4 12.231 1 9 By Balance from Net Revenue Account .. .. .. 58,534 15 8 30,986 15 11 section as at 31st March, 1938) Arrears of rates recovered .. .. .. .. 1,226 5 7 1,147 4 11 Sinking Fund Reserve Account .. .. .. .. 54,961 0 11 24,702 19 5 Transfer from General Reserve Account .. .. .. 4,800 0 4 £59,761 1 3 £36,934 1 2 £59,761 1 3 £36,934 1 2 I = — Depreciation Reserve Account. £ s. d. £ s. d. £ s. d. £ s. d. To Replacements, Renewals, &c. .. .. .. .. 19,006 8 6 46,641 18 1 By Balance from previous year's statement .. .. .. 552,104 19 1 467,665 9 6 Balance .. .. .. .. .. .. 637,799 5 1 552,104 19 1 Interest at 4 per cent, per annum .. .. .. 22,084 3 11 18,706 12 5 Amount set aside as per Net Revenue Account .. .. 82,616 10 7 112,374 15 3 £656,805 13 7 £598,746 17 2 £656,805 13 7 £598,746 17 2 General Reserve Account. £ s. d. £ s. d. £ s. d. £ s. d. To Transfer to Profit and Loss Appropriation Account under .. 4,800 0 4 By Balance at close of previous year .. .. 82,399 5 8 67,703 7 6 section 13 (2) (6) of the State Supply of Electrical Energy Adjustment for excess amount transferred to Profit and Loss .. 7,264 16 9 Act, 1917 Appropriation Account, 1936-37 Balance .. .. .. .. .. .. 87,199 6 0 82,399 5 8 Profit and Loss Appropriation Account (reversing debit 4,800 0 4 12,231 1 9 balance, Southland section as at 31st March, 1938) £87,199 6 0 £87,199 6 0 £87,199 6 0 j £87,199 6 0 Sinking Fund Reserve Account. £ s. d. £ 8. d. £ s. d. £ s. d. Balance .. .. .. .. .. 350,840 10 0 295,817 7 4 By Balance at close of previous year .. .. .. 295,817 7 4 271,114 7 11 Interest . . . .. .. .. 62 1 9 Amount set aside as per Profit and Loss Appropriation 54,961 0 11 24,702 19 5 Account [ £350,840 10 0 £295,817 7 4 £350,840 10 0 £295.817 7 4

B.—l [PT. IV].

ELECTRIC SUPPLY ACCOUNT— continued. SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued. Balance-sheet at 31st March, 1939.

16

Liabilities. 1938-39. 1937-38. Assets. 1938-39. 1937-38. £ s d. £ s. d. £ s. d. Depreciation Reserve .. .. .. .. 637,799 5 1 552,104 19 1 Head works, power-house, machinery, &c. — £ s. d. £ s. d. £ a. d. Lake Coleridge .. . . .. 807,799 17 8 793,272 14 0 Reserve Fund — Waitaki .. .. .. .. 1,782,888 3 10 1,768,828 16 10 Balance at close of previous year .. 82,399 5 8 74,968 4 3 Kaimata .. .. .. 117,376 3 8 107,022 0 5 Adjustment .. .. .. 4,800 0 4 7,431 1 5 Southland .. .. .. .. 200,017 10 0 200,578 18 6 87,199 6 0 2,908,081 15 2 82,399 5 8 2,869,702 9 9 Auxiliary plants — Dobson Diesel Station .. .. 125,548 2 4 106,322 2 3 Sinking Fund — Lyttellon Diesel Station .. .. 2,805 7 7 2,805 7 7 Amount utilized for redemption of loans 285,496 5 1 259,434 12 10 128 353 9 11 - Available for further redemptions .. 65,344 4 11 36,382 14 6 ' ing 197 9 in 350,840 10 0 ' 295,817 7 4 Transmission and distribution .. .. .. 1,774,956 3 6 1,633,709 7 9 Substations .. .. .. .. .. 622,431 15 10 525,7 1 2 3 Sundry creditors Offices and stores, buildings, &c. .. 19,187 8 9 ij" 983 12 3 Public Works Department .. .. 12,422 1 3 10,717 2 9 Trunk Telephone System .. .. 59,436 15 5 43 780 15 10 Other Government Departments .. 3,576 5 6 2,100 18 2 Exploration and preliminary surveys .. 64 5 3 7 19 6 Non-departmental .. .. .. 20,104 3 11 28,078 3 2 Salaries and expenses during construction 125,421 15 3 116,562 0 10 36,102 10 8 Interest during construction .. .. 482,498 1 11 469,157 16 8 40,896 4 1 Charges and expenses of raising loans .. 533,616 9 0 533,802 5 10 1,220,224 15 7 . , „„ „ „ 1,181,294 10 11 Charges paid m advance .. .. 723 9 0 1,662 12 4 6,654,048 0 0 6,319,615 0 6 Writings-off m suspense .. .. 1,021 2 7 742 8 9 Plant, tools, &c. .. .. .. 126,411 10 6 115,028 6 9 Stocks of material .. .. .. .. 115 592 0 10 100 494 19 2 Head Office Account .. .. .. .. 5,910,171 10 9 5,673,245 18 1 Sundry debtorsPublic Works Department .. .. 4,859 2 6 2,111 6 1 Other Government Departments .. 1,910 8 1 2,467 5 11 Non-departmental .. .. .. 110,714 7 5 95,451 2 2 117,483 18 0 100,029 14 2 Payments in advance .. .. .. .. 1 2 6 20 19 8 Sinking Fund investments .. .. .. 10,321 2 3 11,679 15 1 „ ,. , ..... £7,023,857 14 1 £6,646.868 15 4 £7,023,857 14 1 6,646,868 15 4 Contingent Liability. , Arrears due to Sinking Fund .. .. £253,867 14 10

B. —1 [PT. IV].

HAURAKI PLAINS SETTLEMENT SCHEME. Rate Account foe the Year ended 31st Maech, 1939. Dr. £ s. d. Gr. £ s. d. Maintenance completed works .. .. 1,913 12 0 Balance brought forward .. .. .. 1,902 8 6 Remissions of rates .. .. .. .. 123 16 10 Rates levied .. .. .. .. 1,780 11 3 Balance .. ~ .. .. .. 1,738 010 10-per-eent. penalty added to unpaid rates for 1937-38 and 1938-39 .. .. .. 92 9 11 £3,775 9 8 £3,775 9 8 Receipts and Payments Account foe the Yeae ended 31st Maech, 1939. Public Works Consolidated Public Works Consolidated Fund. Fund. Fund. Fund. Receipts. £ s. d. £ s. d. Payments. £ s. d. £ s. d. Rates.. .. .. .. .. 2,432 4 11 Drainage works: Stop-banks, clear-Law-costs .. .. .. .. 4 9 9 ing channels, and other expendiSaleofland .. .. .. 18,357 6 6 .. ture incidental to conducting Rents and grazing fees .. .. .. 7,409 3 1 drainage - operations (including Interest on sales of land.. .. .. 1,330 0 9 formation and metalling of roads), Artesian-well boring: Interest on materials supplied, &c. .. 12,632 19 5 advances .. .. .. .. 312 6 Material and stores .. .. 11,634 19 9 Ferry fares .. .. .. .. 19139 Maintenance completed works .. .. 1,711 1 8 Credits in reduction of expenditure 18,294 15 0 .. Refund rent and interest .. .. 200 13 5 Adjustment (amount received in Refund miscellaneous receipts .. .. 30 14 8 error) .. .. .. 0 4 6 .. Refund rates .. .. .. .. 4 5 0 Miscellaneous receipts .. .. .. 1,798 9 11 Kaihere Perry expenses .. .. 313 14 4 Royalties .. .. .. .. 465 2 3 Adjustment (expenditure charged Transfer expenditure to Treasury in error) .. .. .. 192 7 3 Adjustment Account .. .. .. 2,024 16 0 Transfer receipts to Treasury Transfer expenditure to Public Adjustment Account .. .. .. 13,398 13 10 Works Fund.. .. .. 24,460 1 11 .. Transfer receipts to Public Works Fund .. .. .. 36,652 16 £61,112 7 11 £15,659 2 11 £61,112 7 11 £15,659 2 11 Revenue Account foe the Yeae ended 31st Maech, 1939. Dr. £ s. d. Gr. £ s. d. Interest on capital .. .. .. .. 34,516 7 2 Accrued rents .. .. .. .. 7,353 4 2 Kaihere Ferry expenses .. .. .. 311 610 Interest on sales of land, &c. .. .. .. 1,731 10 11 Administration expenses .. .. .. 438 19 0 Grazing fees .. .. .. .. 7 7 9 Remissions of rent .. .. .. .. 750 12 9 Ferry fares .. .. .. .. . . 186 4 9 Remissions of interest .. .. .. 101 9 4 Hire of plant .. .. .. .. 2 14 0 Rebates .. .. .. .. .. 619 14 6 Royalties .. .. .. .. .. 467 11 7 Capital reductions under Mortgagors and Lessees Net loss carried down.. .. .. .. 27,312 19 3 Rehabilitation Act, 1936 .. .. .. 286 16 11 Irrecoverable rents, &c. .. .. .. 21 15 11 Premiums on conversion .. .. .. 14 10 0 £37,061 12 5 £37,061 12 5 £ s. d. £ s. d. Net loss brought down .. .. .. 27,312 19 3 Balance carried forward .. .. .. 336,605 11 0 Balance from previous year .. .. .. 309,292 11 9 £336,605 11 0 £336,605 11 0

3—B. 1 [PT. XV].

17

B. —1 [PT. IV].

HAURAKI PLAINS SETTLEMENT SCHEME—continued. Balance-sheet as at 31st March, 1939. Liabilities. Assets. Capital Account— £ s. d. £ s. d. s. c. Public Works Fund .. .. 856,664 14 11 Improved lands handed over to Value of Crown land set apart Land Board for settlementunder Act .. .. 45,000 0 0 Leased 138,046 13 3 Transferred from Discharged Unleased .. .. , Soldiers Settlement Account 264 15 0 Unpaid purchase-money for land 901,929 9 11 sold on deferred payment .. 30,01 d 1U z Employment Promotion Fund capital .. 10,083 181 — - qk'qoq n r. Consolidated Fund capital .. .. 6,112 4 9 Unimproved value, land not disposed of .. 35,889 11 6 Reserve for loss on Discharged Soldiers Settlement Improvements on adjoining Crown lands 7,710 0 U agsetg 140 0 0 Permanent reserves .. .. •• »,soi u u Sundrv creditors— " " £" S. d. Works in progress: Expenditure on land in course Miscellaneous .. .. 155 8 11 of reclamation, including formation and metalDepartmental .. .. 1,856 19 6 ling of roads 633,7dJ —. 2,012 8 5 Capital expenditure— Rent charged in advance .. .. 1,735 0 0 Employment Promotion Fund .. 10,083 18 1 Rate Account 1,738 010 Consolidated Fund .. .. .. 6,112 4 9 Payments in advance- £ s. d. Artesian wells- ,70 a s Grazing fees .. .. 0 15 0 Crown tenants, Hauraki Plains 170 8 8 ' 234 3 4 Permanent reserves and Crown Rates :: :: :: 00 9 ««10 9 386 i 9 5 Instalment of principal on de- ~ o 797 1 a 7 ferred-payment sales 10118 4 Buddings 0 0 Instalment of interest on de- wnarves .. .. ]fi ~, 11 2 ferred-payment sales .. 65 3 4 Machinery and plant 'is 11 0 F 402 0 9 Live-stock 18 " 0 Suspense Account .. .. • • 16 1 Stores .. .. • • • • 010 Writings-off in Suspense .. .. 116 0 7 Stamps on hand .. .. .. Treasury Adjustment Account .. .. 333,969 15 6 Sundiy debtors- 1 992 15 2 Rates .. .. •• 3,052 18 4 Instalment of principal on de-ferred-payment sales .. 115 6 5 Instalment of principal on buildings .. .. .. 2 3 1 Interest on well-boring .. 92 4 5 Interest on deferred-payment sales .. .. .. 323 3 6 Law-costs .. .. .. 134 14 3 Tram freights and ferry fares .. 8 10 0 Grazing .. .. .. 28 15 2 Miscellaneous .. .. 5,374 9 4 Departmental .. -. 2,570 4 3 F 13,695 3 11 Postponed rent (Mortgagors and Lessees Rehabilitation Act, 1936) .. .. 185 10 4 Losses in Suspense .. .. •• 116 0 7 Interest accrued but not due .. .. 395 0 0 Premiums on conversion .. • • 58 0 0 Revenue Account: Balance forward .. 336,605 11 0 £1,258,240 4 11 £1,258,240 4 11 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate Account, the Revenue Account, and the 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 subiect to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. The following comment is appended : The balance of the Works in Progress Account—viz £633 732 Bs. 4d.— appearing in the Balance-sheet greatly exceeds the value of lands the control ot which has not yet been transferred to the Land Board.—J. H. Fowler, Controller and Auditor-General.

18

B.—l [PT. IV].

DEPARTMENT OF LABOUR. INDUSTRIAL DIVISION. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ s. d. Salaries, agents'allowances, and overtime .. 70,046 8 7 Penalties imposed by the Court in actions brought Advertising, supply of newspapers, &c. .. .. 451 17 11 for breaches of awards and certain sections of Motor-cars, motor-cycles, and bicycles : Mainten- the Industrial Conciliation and Arbitration Act, ance and repairing .. .. .. .. 2,618 3 9 1925, and the Apprentices Act, 1923 .. .. 602 1 6 Fees payable to assessors on Conciliation Councils 5,529 610 Factory-registration fees .. .. .. 4,332 7 0 Freight, cartage, and transport charges .. .. 11l 0 7 Servants'registry office license fees .. .. 23 0 0 Heating and lighting of offices .. .. .. 474 14 3 Weights and measures verification fees .. .. 10,437 9 9 Law-costs .. •• •• 55 8 0 Rent of buildings .. .. .. .. 58 611 Postage, telegrams, telephone services .. .. 2,900 11 9 Revenue from sale of seized articles .. .. 10 0 Printing, stationery, office requisites, and type- Charges for use of motor-vehicles and other inciwriter repairs .. .. .. •• 5,550 18 1 dental services in connection with weights and Rates and repairs on property .. .. .. 13 17 1 measures verification .. .. .. 1,741 5 1 Rent and rates on office accommodation .. 4,622 16 9 Sale of departmental publications .. .. 522 16 3 Transfer expenses, travelling al- Excess of expenditure over income before charging lowances and expenses —• interest carried down .. .. .. 94,956 13 5 Arbitration Court and Concilia- £ s. d. tion Councils .. .. 9,27312 4 Departmental .. .. 6,198 8 6 15,472 0 10 Commission on sale of literature .. . ■ 74 11 10 Miscellaneous expenses .. • • • • 78 17 9 Expenses of tribunal to investigate bakers' dispute 32 5 2 Expenses of delegation to Geneva Conference .. 2,909 4 4 Provision for depreciation of assets .. .. 1,663 16 4 Bad debts .. . ■ • • • • • • 69 0 1 £112,674 19 11 £112,674 19 11 Excess of expenditure over income before charging £ s. d. £ s. d. interest brought down .. .. •• 94,956 13 5 Excess of expenditure over income .. .. 95,412 15 5 Interest on capital .. .. .. • • 456 2 0 £95,412 15 5 £95,412 15 5 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. ■■ •• 11,535 15 5 Land and buildings .. .. .. •• 434 18 0 Creditors £ s. d. Motor-cars, motor-cycles, and bicycles .. .. 2,795 19 0 Departmental .. .. 1,155 1 3 Furniture and fittings.. .. .. ■■ 2,899 8 6 Sundry .. .. .. 550 15 2 Mechanical office appliances . . .. .. 658 13 10 Factory fees received in advance 314 0 Library books .. .. . ■ .. 1,232 8 1 1,709 10 5 Weights and measures standards .. .. 3,514 8 0 Reserve for bad debts .. .. • • 92 12 3 Stationery .. .. .. .. • • 395 1 10 Amounts held on deposit .. .. .. 1,446 0 2 Stamps .. .. .. .. •• 166 14 8 Writings-ofi, Suspense Account .. .. 128 0 1 Payments in advance .. .. ■■ 1,299 8 0 Treasury Adjustment Account .. .. 96,339 17 4 Debtors —■ £ s. d. Departmental .. .. 28 12 2 Sundry .. .. .. 839 711 868 0 1 Assets in Suspense .. .. • • • ■ 128 0 1 Deposit Accounts .. .. .. •• 1,446 0 2 Excess of expenditure over income .. .. 95,412 15 5 £111,251 15 8 £111,251 15 8 Henry E. Moston, Secretary of Labour. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].—J. H. Fowler, Controller and Auditor-General.

19

B.—l [PT. IV].

DEPARTMENT OF LABOUR—continued. EMPLOYMENT DIVISION. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ s. d. Advertising .. .. .. •• 11 1 1 Sale of surplus stores .. .. .. .. 8 18 3 Pitting up Labour Bureaux .. .. .. 4,680 810 Contribution from Employment Promotion Fund Law-costs .. .. .. • • • ■ 17 12 4 under section 34 of the Employment Promotion Medical expenses .. .. .. •. 32 0 0 Act, 1936 .. .. .. .. .. 240,000 0 0 Motor-vehicles, maintenance of .. .. 3,076 8 3 Balance carried down.. .. .. .. 33,163 18 10 Office expenses .. .. .. • • 786 1 8 Overtime and meal allowances .. . . 639 18 8 Postages .. .. •• •• •• 4,175 8 5 Printing and stationery .. .. .. 4,041 10 9 Rent, heating, and lighting .. .. •• 10,499 5 4 Salaries and allowances .. .. . . 95,434 7 1 Salaries of clerical assistants .. .. .. 125,440 7 3 Services by other Departments.. .. .. 10,089 9 7 Telephone services .. .. • • • • 4,200 12 7 Transfer and removal expenses.. .. .. 601 15 10 Travelling-expenses .. .. •• •• 6,470 0 2 Typewriters, maintenance of .. .. .. 110 0 0 Furniture, &c., written off .. .. .. 293 14 0 Depreciation.. .. •• •• 2,572153 £273,172 17 1 £273,172 17 1 £ s. d. £ s. d. Balance brought down .. .. .. 33,163 18 10 Excess of expenditure over income .. .. 33,845 4 3 Interest on capital .. .. . • • ■ 681 5 5 £33,845 4 3 £33,845 4 3 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. •• •• 16,714 3 4 Buildings .. .. .. .. .. 503 11 3 Creditors — £ s- d. Furniture .. .. .. .. .. 10,263 910 Sundry .. .. .. 1,060 15 7 Typewriters.. .. .. .. .. 1,693 4 4 Departmental .. .. 4,837 6 1 Motor-vehicles .. . . . . •. 4,253 17 11 ——• 5,898 1 8 Official stamps .. .. .. .. 14 5 0 Writings-off in Suspense .. . • . • 293 14 0 Debtors—■ £ s. d. Treasury Adjustment Account .. .. 28,297 0 9 Sundry .. .. .. 9 0 2 Departmental .. .. 326 13 0 335 13 2 Assets in Suspense .. .. .. .. 293 14 0 Excess of expenditure over income .. .. 33,845 4 3 £51,202 19 9 £51,202 19 9 A. J. Ridler, Assistant-Secretary of Labour. H. Parsonage, Accountant. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the books and documents submitted for audit and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].—J. H. Fowler, Controller and Auditor-General.

20

B.—l [PT. IV],

DEPARTMENT OP LABOUR —continued. IMMIGRATION. Income and Expenditure Account foe the Year ended 31st March, 1939. Expenditure. Income. £ s. d. £ s. d. Recoveries on account of expenditure of previous Passage-money for immigration . • 346 10 0 years: New Zealand Government contributions £ s. d. Less contributions by—- £ s. d. towards passage-money .. .. .. 58 7 8 Immigrants .. .. 33 0 0 Excess of expenditure over income after charging Imperial Government .. 156 15 0 interest .. .. .. .. •• 133,205 17 11 ———— 189 15 0 156 15 0 Refunds passage-money deposited previous years 133 10 0 Loans for passage-money written off . . .. 66 5 3 Increased provision for doubtful debts .. .. 98 5 1 Interest on capital .. .. 132,697 7 3 Excess income on account of Public Works Pund National Development Account .. .. 58 7 8 Pares to immigrant artisans in New Zealand .. 47 9 10 Grants, accommodation, and initial expenses .. 6 5 6 £133,264 5 7 £133,264 5 7 Balance-sheet op Labour Department (Immigration) as at 31st March, 1939. Liabilities. Assets. Capital Account Public Works £ s. d. £ s. d. £ s. d. Pund, 31st March, 1938 ■ 3,317,487 17 6 Loans for passage-money to immigrants .. 201 14 5 Less recoveries on account of Sundry debtors: Immigrant artisans . . .. 2,334 5 0 expenditure of previous Administration Account .. .. .. 133,205 17 11 years, 1938-39 . . 107 13 I £ s. d. ——-— 3,317,380 4 5 National Development Account 3,318,782 4 4 Deposits— Less excess income, 1938-39 58 7 8 Passage-money .. .. 47 0 0 3,318,723 16 8 Miscellaneous .. .. 10 0 0 57 0 0 Imperial Government — Loans to immigrants recovered but not paid .. 24 14 2 Contributions on passage - money recovered but not paid .. .. . • 38 15 4 63 9 6 Less proportion passagemoney owing . • 16 10 0 46 19 6 Passage-money an d other charges owing for immigrant artisans— Departmental . . . . 834 410 Ordinary .. .. 1,557 .10 0 — 2,391 14 10 Reserve : Bad debts .. .. .. 200 0 0 Treasury Adjustment Account .. .. 134,389 15 3 £3,454,465 14 0 £3,454,465 14 0 Henry E. Moston, Secretary. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —J. H. Eowler, Controller and Auditor-General.

21

B.—l [PT. IV].

LANDS AND SURVEY DEPARTMENT. BLUFF HARBOUR ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1939. Receipts. £ s. d. Payments. £ s. d. Balance in Local Bodies' Deposit Account of Receiver Administration expenses paid to Consolidated Fund of Land Revenue, Invercargill, on Ist April, 1938.. 465 6 3 under section 4, Land Laws Amendment Act, 1927 35 3 10 Rents .. .. .. .. 1,154 0 8 Payments to Bluff Harbour Board under section 132, Harbour Act, 1923 .. .. .. .. 1,133 19 5 Balance in Local Bodies' Deposit Account of Receiver of Land Revenue, Invercargill, on 31st March, 1939 450 3 8 £1,619 6 11 £1,619 6 11 Revenue Account for the Year ended 3Lst March, 1939. Dr. £ S. d. Or. £ s. d. Administration expenses due to Consolidated Fund Balance from previous year .. .. .. 1,524 4 1 under section 4, Land Laws Amendment Act, 1927 57 14 0 Accrued rents .. .. .. .. 866 12 8 Amount due to Bluff Harbour Board under section 132, Harbours Act, 1923 .. .. 1,118 16 10 Remissions granted under Mortgagors and Lessees Rehabilitation Act .. .. .. .. 610 17 6 Balance carried forward .. .. .. 603 8 5 £2,390 16 9 £2,390 16 9 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 25,362 12 6 Endowment lands .. .. .. .. 25,362 12 6 Rent charged in advance .. .. .. 401 3 11 Sundry debtors for rent .. .. .. 718 2 6 Bluff Harbour Board : Amount not yet paid over 450 3 8 Postponed rent under Mortgagors and Lessees Sundry creditors : Administration expenses .. 22 10 2 Rehabilitation Act .. .. .. .. 309 0 0 Revenue Account .. .. .. .. 603 8 5 Cash in Local Bodies' Deposit Account of Receiver of Land Revenue, Invercargill, on 31st March, 1939 .. .. .. .. .. 450 3 8 £26,839 18 8 £26,839 18 8 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Revenue 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.—J. H. Fowler, Controller and Auditor-General. CLUTHA RIVER TRUST ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1939. Receipts. £ s. d. Payments. £ s. d. Cash in Local Bodies' Deposit Account of Receiver Amount paid to trustees of Clutha River Trust of Land Revenue, Dunedin, at Ist April, 1938.. 131 0 0 under section 128, River Boards Act, 1908 .. 1,220 4 6 Rents .. .. .. .. .. 1,258 9 0 Administration expenses paid to Consolidated Fund under section 4, Land Laws Amendment Act, 1927 64 4 6 Cash in Local Bodies' Deposit Account of Receiver of Land Revenue, Dunedin, as at 31st March, 1939 105 0 0 £1,389 9 0 £1,389 9 0 Revenue Account for the Year ended 31st March, 1939. Dr. £ s. d. Gr. £ s. d. Amount due to Trustees of Clutha River Trust Balance brought forward from previous year .. 13 8 0 under section 128, River Boards Act, 1908 .. 1,195 10 6 Accrued rent .. .. .. .. 1,335 19 0 Administration expenses payable to Consolidated Fund under section 4, Land Laws Amendment Act, 1927 .. .. .. .. .. 62 18 6 Balance carried forward .. .. .. 90 18 0 £1,349 7 0 £1,349 7 0 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 28,480 0 0 Endowment lands .. .. .. .. 28,480 0 0 Rents charged in advance .. .. .. 553 6 6 Sundry debtors for rent .. .. .. 644 4 6 Sundry creditors for administration expenses .. 5 5 0 Cash in Local Bodies' Deposit Account of Receiver Clutha River Trust: Amounts not yet paid over 99 15 0 of Land Revenue, Dunedin, as at 31st March, 1939 105 0 0 Revenue Account: Balance carried forward .. 90 18 0 £29,229 4 6 £29,229 4 6 Thos. Pound, Assistant Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Revenue 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. —J. H. Fowler, Controller and Auditor-General.

22

B. —1 [Pt. IV].

LANDS AND SURVEY DEPARTMENT—continued. GORE HIGH SCHOOL ENDOWMENT ACCOUNT. Receipts and Payments Account fob the Year ended 31st March, 1939. Receipts. £ b. d. Payments. £ s. d. .. .. 65 0 0 Administration expenses paid to Consolidated r und a '' '' under section 4, Land Laws Amendment Act, 1927 .. 112 6 Payment to Board of Governors of Gore High School under section 89, Reserves and other Lands Disposal and Public Bodies' Empowering Act, 1919.. .. 30 17 6 Balance in Local Bodies' Deposit Account of Receiver of Land Revenue, Invercargill, on 31st March, 1939 .. 32 10 0 £65 0 0 £65 0 0 Revenue Account for the Year ended 31st March, 1939. j) r _ £ s. d. Or. £ s. d. Balance brought forward from previous year.. .. 16 5 0 Accrued rent .. .. •• •• 65 0 0 Administration expenses due to Consolidated Fund Balance carried forward under section 4, Land Laws Amendment Act, 1927 .. 3 5 0 Amount due to Board of Governors of Gore High School under section 89, Reserves and other Lands Disposal Act, 1919 . ■ • • • • • ■ .. 61 15 0 £81 5 0 £81 5 0 Balance-sheet as at 31st March, 1939. Liabilities. £ S. d. Assets. £ s. d Capital • •• •• 1.300 0 0 Land .. .. •• 1,300 0 0 Rents charged' in advance 16 5 0 Revenue Account: Balance carried forward .. 16 5 0 Sundry creditors — £b. d. Cash in Local Bodies Deposit Account of Receiver Gore High School Board .. 30 17 6 of Land Revenue, Invercargill, on 31st March, 1939 32 10 0 Administration expenses .. 1 12 6 32 10 0 £1,348 15 0 £1,348 15 0 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Revenue 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—J. H. Fowler, Controller and Auditor-General.

23

B.—l [Pt. IV],

LANDS AND SURVEY DEPARTMENT—continued. NORTH ISLAND EXPERIMENTAL DAIRY SCHOOL ACCOUNT. Receipts and Payments Account fob the Year ended 31st March, 1939. _ . . Receipts. Payments. £ g. d. .Balance in lreasury Deposit Account at Ist April, £ s. d. Administration expenses .. .. .. 10 1 4 „ 1 ? 38 f s - d ' Payment to Massey Agriculture College for benefit ™ stl " •• •• 3,100 18 1 of Dairy Research Institute .. .. .. 530 0 0 Investments .. .. .. 8,500 0 0 Balance in Treasury Deposit Account 11,600 18 1 at 31st March, 1939— £ s. d. Rents •• •• •• •• •• 201 5 0 Cash.. .. .. . 102 1 9 Interest on investments .. .. .. 340 0 0 Investments .. .. 11,500 0 0 —- 11,602 1 9 £12,142 3 1 | £12,142 3 1 Revenue Account for the Year ended 31st March, 1939. r ' £ s - d. Or. £ s d Administration expenses under section 4, Land Laws Accrued rent .. .. .. .. .. 201 5 0* Amendment Act, 1927 .. .. .. .. 10 1 4 Interest on investments .. .. 351 iJI Payment to Massey Agriculture College for benefit of Dairy Research Institute .. .. .. 530 0 0 Balance carried down .. .. .. .. 12 5 7 £552 6 11 £552 6 11 £ s. d. £ s _ d. Balance .. .. .. .. .. 11,647 8 0 Balance, brought down .. .. .. 12 5 7 Balance from previous year .. .. .. 11,635 2 5 £11,647 8 0 £11,647 8 0 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 4,844 19 10 Leased land .. .. .. 4 625 0 0 Rents charged but not accrued.. .. .. 6 15 5 Plantation .. .. .. .. '219 19 10 Revenue Account-— £ s. d. Interest on investments accrued but not due .. 52 1 8 Balance, Ist April, 1938 .. 11,635 2 5 Treasury Deposit Account— £ s d Surplus for year .. .. 12 5 7 Cash . . .. .. 102 1 9 11,647 8 0 Investments .. .. 11,500 0 0 11,602 1 9 3 3 £16,499 3 3 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Revenue 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.—J. H. Fowler, Controller and Auditor-General.

24

B.—l [PT. IV].

LANDS AND SURVEY DEPARTMENT—continued. OTAGO UNIVERSITY ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1939. Receipts. £ s. d. £ s. d. Payments. £ s. d. £ e. d. Cash on hand Ist April, 1938, in Local Land for Settlements Account for Bodies' Deposit Account of Re- roading-costs (section 47, Land ceiver of Land Revenue at— for Settlements Act, 1925)— Dunedin .. .. .. 1,370 9 4 Principal .. .. .. 45 Oil Invercargill .. .. .. 555 15 0 Interest .. .. .. 72 18 9 1,926 4 4 117 19 g Rents •• •• 5,196 4 7 Administration expenses paid to Consolidated Fund Royalties .. .. .. .. 66 110 (section 118 (1), Reserves and other Lands, &c., Act, 1917) .. .. .. .. 104 16 3 Otago University Council (section 118, (1), Reserves and other Lands, &c., Act, 1917) .. .. 4,439 13 4 Dunedin Athenaeum (Otago Museum Act, 1877) 85 12 0 Cash on hand at 31st March, 1939, in Local Bodies' Deposit Account of Receiver of Land Revenue at— £ s. d. Dunedin .. .. .. 1,861 4 7 Invercargill .. .. .. 579 411 2,440 9 6 £7,188 10 9 £7,188 10 9 Revenue Account for the Year ending 31st March, 1939. Dr. £ s. d. Cr. £ s . d. Administration expenses .. .. .. 131113 Accrued rent .. .. .. .. 6,822 5 7 Interest on loans under section 47 of Land for Accrued royalties .. .. .. .. 66 4 4 Settlements Act, 1925 .. .. . . 79 12 3 Remission of rent granted by — £ s. d. Land Board .. .. .. 777 5 0 Mortgagors and Lessees Rehabilitation Act .. .. .. 2,125 13 2 2,902 18 2 Balance carried down .. .. .. 3,774 8 3 £6,888 9 11 £6,888 9 11 Appropriation of revenue : Otago University Council £ s> <J. under section 118 (1), Reserves and other Lands, £ s. d. Balance brought forward from previous year 7,103 18 3 &c., Act, 1917 .. .. .. .. 4,961 16 6 Balance brought down .. .. .. 3,774 8 3 Dunedin Athenseum under Otago Museum Act, 1877 85 12 0 Revenue appropriated to repay loan - moneys, section 47 of Land for Settlements Act, 1925 .. 45 011 Balance, carried forward .. .. .. 5,785 17 1 £10,878 6 6 £10,878 6 6 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital .. .. .. . . 128,845 7 1 Endowment lands— Loan for roading, section 47, Land Leased .. .. .. 129,656 0 0 for Settlements Act, 1925— £ s. d. Unleased .. .. .. '760 0 0 Advances .. .. .. 1,505 4 10 ' 130 416 0 0 Principal instalments .. .. 65 8 1 Sundry debtors for rents .. .. 8*439 13 0 Interest .. .. .. 107 5 0 Sundry debtors for royalties .. .. 0 2 6 1,677 17 11 Cash in hand at 31st March, .1939, Sundry creditors— in Local Bodies' Deposit AcAdministration expenses .. 61 0 3 count of Receiver of Land Otago University Council: Amount Revenue at— not yet paid over .. .. 2,371 6 3 Dunedin .. .. .. 1,861 4 7 Rents charged in advance .. 2,692 0 5 Invercargill .. .. .. 579 4 11 Dunedin Athenaeum: Amount not 2 440 9 6 yet paid over .. .. 42 16 0 Postponed rent: Mortgagors and Lessees Rehabili5,167 2 11 tation Act .. .. .. .. 180 0 0 Revenue Account: Balance carried forward .. 5,785 17 1 £141,476 5 0 £141,476 5 0 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Revenue 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.—J. H. Fowler, Controller and Auditor-General.

4 —B. 1 [PT. IV].

25

B.—l [PT. IV].

LANDS AND SURVEY DEPARTMENT—continued. OTAGO BOYS' AND GIRLS' HIGH SCHOOL ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st march, 1939. Receipts. £ s. d. Payments. Balance in Local Bodies' Deposit Account of Receiver Administration expenses paid to Consolidated Fund £s. d. of Land Revenue, Dunedin, as at Ist April, 1938 .. 68 8 7 under section 4, Land Laws Amendment Act, 1927 .. 37 1 6 Rents .. .. .. .. .. .. 533 15 4 Payments to Otago Boys' and Girls' High School Board of Governors .. .. .. ,i. .. 551 9 5 Cash in Local Bodies' Deposit Account of Receiver of Land Revenue, Dunedin, as at 31st March, 1939 .. 13 13 0 £602 3 11 £602 3 11 Revenue Account for the Year ended 31st March, 1939. Dr. £ s. d. Gr. £ s. d. Administration expenses due to Consolidated Fund Balance brought forward from previous year .. 54 12 5 under section 4, Land Laws Amendment Act, 1927.. 26 13 10 Accrued rents .. .. .. .. .. 418 16 10 Amount due to Otago Boys' and Girls' High School Balance carried forward .. .. .. .. 60 6 1 Board of Governors .. .. .. .. 507 1 6 £533 15 4 £533 15 4 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 8,631 17 6 Endowment lands .. .. .. .. 8,631 17 6 Rents charged in advance .. .. .. 104 14 3 Sundry debtors for rent .. .. .. 44 8 2 Sundry creditors for administration expenses .. 0 13 8 Cash in Local Bodies' Deposit Account of Receiver of Otago Boys' and Girls' High School Board of Land Revenue, Dunedin, as at 31st March, 1939 13 13 0 Governors : Amount not yet paid over .. 12 19 4 Revenue Account: Balance carried forward .. 60 6 1 £8,750 4 9 £8,750 4 9 Thos. Pound, Assistant Under-Secretary for Lands. G-. I. Beeson, Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Revenue 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. —J. H. Fowler, Controller and Auditor-General.

26

B.—l [PT. IV],

LANDS AND SURVEY DEPARTMENT—continued. TARANAKI SCHOLARSHIP ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1939. Receipts. £ s. d. Payments. £ s. d. Balance in Treasury Deposit Account at Ist April, 1938 458 16 4 Administration expenses under section 4, Land Laws Rents .. .. .. • • • • 893 12 4 Amendment Act, 1927 .. .. .. 44 13 7 Public Trustee under section 22, New Zealand University Amendment Act, 1914 .. .. .. 918 6 7 Balance in Treasury Deposit Account at 31st March, 1939 .. .. .. .. .. 389 8 6 £1,352 8 8 £1,352 8 8 Revenue Account for the Year ended 31st March, 1939. Dr. £ s. d. Cr. £ s. d. Administration expenses under section 4, Land Laws Accrued rent .. .. .. .. .. 905 15 10 Amendment Act, 1927, and section 31 (2), Land Laws Amendment Act, 1929 .. .. ■ • 44 13 7 Balance, carried down .. .. .. .. 861 2 3 £905 15 10 £905 15 10 £ s. d. £ s. d. Balance brought forward from previous year . . 241 12 9 Balance brought down .. .. .. .. 861 2 3 Amount due to Public Trustee in terms of section 22, Balance, carried forward .. .. .. 229 9 3 New Zealand University Amendment Act, 1914 .. 848 18 9 £1,090 11 6 £1,090 11 6 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets Capital .. •• 19,343 16 8 Endowment lands — £ s. d. £ s. d. Public Trustee: Amount not yet paid over .. 389 8 6 Leased .. .. .. 19,331 6 8 Rents due but not accrued .. .. . • 234 0 0 Unleased .. .. .. 12 10 0 19,343 16 8 Revenue Account: Balance carried forward .. 229 9 3 Sundry debtors' rent .. .. .. .. 4 10 9 Cash in Treasury Deposit Account at 31st March, 1939 .. .. .. .. .. 389 8 6 £19,967 5 2 £19,967 5 2 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Revenue 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.— J. H. Fowler, Controller and Auditor-General. WAIPIATA-HAMILTON'S LIBRARY ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1939. Receipts. £ s. d. Payments. £ s. d. Rents .. . ■ • ■ • • • • 13 10 8 Trustees of Waipiata-Hamilton's Library under secBalance in Local Bodies' Deposit Account of Receiver tion 93, Reserves and other Lands Disposal and of Land Revenue, Dunedin, on Ist April, 1938 .. 0 6 9 Public Bodies' Empowering Act, 1917 .. .. 12 17 2 Administration expenses to Consolidated Fund under section 4, Land Laws Amendment Act, 1927 .. 1 0 3 £13 17 5 £13 17 5 Revenue Account for the Year ended 31st March, 1939. Dr. £ s. d. Cr. £ s. d. Balance brought forward .. .. .. •. 3 7 8 Accrued rent .. .. . . .. 13 10 8 Amount due to trustees of Waipiata-Hamilton Library Balance carried forward .. .. .. .. 3 7 8 under section 93, Reserves and other Lands Disposal and Public Bodies' Empowering Act, 1917.. .. 12 17 2 Administration expenses due to Consolidated Fund under section 4, Land Laws Amendment Act, 1927 0 13 6 £16 18 4 £16 18 4 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. •• •• 338 13 2 Endowment land.. .. .. .. .. 338 13 2 Rents charged in advance .. .. .. 3 7 8 Revenue Account: Balance carried forward .. 37 8 £342 0 10 £342 0 10 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Acountant. I hereby certify that the Statement of Receipts and Payments, Revenue 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. —J. H. Fowler, Controller and Auditor : General.

27

B.—l [PT. IV].

LEGISLATIVE DEPARTMENTS. Income and Expenditure Account fob the Year ended 31st March, 1939. . Expenditure. £ s. d. j Income. £ s . d. Salaries .. .. .. __ 33,095 4 3 Compilation and printing of "Index to Laws of Fuel light, &c. .. .. .. .. 2,190 6 8 New Zealand" .. .. .. .. 15 2 Laundry .. .. .. .. . t 208 11 8 Hire of typewriters .. .. .. .. 614 7 Maintenance of grounds .. .. .. 1,541 18 4 Excess of expenditure over income brought down 179,793 14 5 Tools and implements .. .. .. 11 13 7 ' Newspapers .. .. .. ~ .. 252 9 7 Postages and telegrams .. .. .. 2,975 15 7 Printing and stationery .. .. .. 13 7 Maintenance and repairs : Furniture and fittings 367 3 5 Postage-stamps supplied to members .. .. 2,453 0 0 Statistical publications supplied to members .. 440 1 3 Honoraria and allowances to members .. .. 45,722 10 7 Telephone concessions to members .. .. 1,193 11 3 Cleaning .. .. .. .. .. 2,740 7 2 Railway concessions and travelling-expenses of members .. .. .. .. .. 29,340 12 2 Winding clocks, &c. .. .. .. .. 263 4 11 Newspapers, &c. : Library .. .. . . 153 8 7 Miscellaneous stores .. .. .. .. 185 3 5 Uniforms .. .. .. .. .. 147 19 1 Cleaning and repairs to uniforms .. .. 95 3 6 Telephones .. .. .. .. .. 640 22 Rent .. .. .. .. .. 26,793 0 0 Repairs to typewriters .. .. .. 20 11 4 Depreciation on furniture, fittings, Library, &c. .. 8,510 3 6 Bellamy's— £ s. d. Salaries .. .. .. 5,578 13 11 Printing and stationery .. 15 13 9 Maintenance of staff .. 445 4 0 Laundry .. .. .. 131 15 10 Cleaning .. .. .. 225 0 0 Fuel .. .. .. 670 0 0 Depreciation on linen, glassware, furniture, and fittings 237 3 7 Rent .. .. .. 1,000 0 0 Stores : Deficiencies and breakages .. .. .. 142 7 6 8,445 18 7 £179,801 14 2 £179,801 14 2 £ s. d. £ s _ Lxcess of expenditure over income brought down 179,793 14 5 Excess of expenditure over income after charging Interest on capital— £ s. d. interest on capital.. 181 340 14 0 Legislative .. .. 1,460 12 7 Bellamy's .. .. .. 86 7 0 1,546 19 7 £181,340 14 0 £181,340 14 0 Balance-sheet as at 31st March, 1939. Liabilities. ssets Capital— £ s. d. £ s. d. ' £ s. d. Legislative .. .. 33,822 17 6 Bellamy's Silverware, &c., Account .. .. l 848 19 2 Bellamys.. .. .. 2,081 4 4 Furniture and fittings— £ s . d. 35,904 110 Legislative .. .. 7,898 910 Creditors ■ Bellamy's .. .. 232 5 2 Departmental .. .. 298 14 9 8 130 lg () Sundry .. .. .. 203 18 6 Mechanical appliances .. .. .. 764 8 2 . — 502 13 3 General Assembly Library .. .. 21 884 8 5 Wntings-off, Suspense .. .. .. 145 13 11 Books of reference .. " 3'9 75 11 1 Treasury Adjustment Account .. ..183,869 19 8 Stocks of statutes, appendices, and parliamentary papers .. .. .. .. .. 447 4 3 Stock of " Index to Laws of New Zealand " at Printing Office .. .. .. .. 194 1 3 Stationery in stock .. .. .. .. 259 0 9 Stamps .. .. .. .. .. 12 12 9 Consumable stores .. .. .. .. 13152 Uniforms .. .. .. . 38 1 1 Bellamy's linen, glassware, crockery, &c. .. 1,418 3 9 Gardeners' tools and implements .. .. 50 11 5 Assets in Suspense .. .. .. .. 145 13 n Debtors : Departmental .. .. .. 480 18 6 Balance of Income and Expenditure Account .. 181,340 14 0 £220,422 8 8 £220,422 8 8 T. D. H. Hall, Clerk of the House of Representatives. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].—J. H. Fowler, Controller and Auditor-General.

28

B.—l [Pt. IV],

MAIN HIGHWAYS ACCOUNT. Statement showing Particulars of Net Expenditure on Construction, Renewals, Maintenance, &c., for the Year ended 31st March, 1939, and Total to Date.

29

Conatrnctton and Improvement of Renewals of Main Highways. Maintenance, Repairs, &c. of Main Highways. Totals. Total since Total since Total since Total for Inception of Main Total for Total since Total for Inception of Main Total for Inception of Main Year 1938-39. Highways Act, 1922, Year 1938-39. 1/4/36 to 31/3/39. Year 1938-39. Highways Act, 1922, Year 1938-39. Highways Act, 1922, to 31/3/39. to 31/3/39. to 31/3/39. Highway District — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. No. 1 .. .. .. .. 212,564 1 7 1,105,654 19 3 35,979 14 0 56,445 19 11 72,429 14 11 821,54113 8 320,973 10 6 1,983,642 12 10 No. 2 .. .. .. .. 500,860 3 6 1,994,052 18 0 41,383 17 9 93,174 9 10 160,390 14 7 1,479,932 15 2 702,634 15 10 3,567,160 3 0 No. 3 .. .. .. .. 226,397 15 9 588,740 10 7 7,042 14 8 15,692 17 2 110,307 16 11 722,304 2 9 343,748 7 4 1,326,737 10 6 No. 4 .. .. .. .. 46,015 13 11 539,055 9 9 25,800 12 9 59,417 11 1 97,167 11 9 591,691 3 2 168,983 18 5 1,190,164 4 0 No. 5 .. .. .. .. 104,691 19 11 556,254 7 6 3,669 1 3 19,259 6 7 195,282 1 6 933,826 7 2 303,643 2 8 1,509,340 1 3 No. 6 .. .. .. .. 119,073 8 6 563,481 8 3 9,420 13 0 15,379 13 5 61,946 1 0 569,830 19 7 190,440 2 6 1,148,692 1 3 No. 7 .. .. .. .. 156,588 19 6 658,834 6 7 2,819 9 9 15,069 8 9 53,114 13 9 581,714 7 2 212,523 3 0 1,255,618 2 6 No. 8 .. .. .. .. 129,754 14 1 545,297 9 9 8,654 11 4 11,814 9 9 77,093 1 1 578,713 110 215,502 6 6 1,135,825 1 4 No. 9 .. .. .. .. 216,940 18 11 1,063,658 3 0 3,646 13 1 9,135 14 6 45,181 17 1 685,066 9 10 265,769 9 1 1,757,860 7 4 No. 10 .. .. .. .. 37,267 7 7 366,611 7 4 7,931 15 6 21,460 12 4 35,337 14 3 580,603 14 4 80,536 17 4 968,675 14 0 Totals for North Island .. 1,750,155 3 3 7,981,641 0 0 146,349 3 1 316,850 3 4 908,251 6 10 7,545,224 14 8 2,804,755 13 2 15,843,715 18 0 No. 11 .. .. .. .. 225,866 12 10 650,225 6 7 3,114 17 10 5,664 4 8 69,376 14 4 629,331 15 10 298,358 5 0 1,285,221 7 1 No. 12 .. .. .. .. 188,976 6 0 687,518 4 1 11,004 11 2 66,208 4 11 79,992 4 4 1,031,256 8 7 279,973 1 6 1,784,982 17 7 No. 13 .. .. .. .. 28,986 6 8 223,810 17 4 .. 192 6 4 27,318 11 8 274,593 19 3 56,304 18 4 498,597 2 11 No. 14 .. .. .. .. 83,321 7 3 617,870 0 10 1,143 2 0 3,309 10 7 45,008 2 2 446,866 3 9 129,472 11 5 1,068,045 15 2 No. 15 .. .. .. .. 111,174 2 8 388,968 8 11 2,531 19 0 2,543 15 8 40,810 12 0 527,084 0 9 154,516 13 8 918,596 5 4 No. 16 .. .. .. .. 147,234 3 2 576,033 6 8 3,961 0 1 7,538 14 5 49,035 11 4 386,002 0 6 200,230 14 7 969,574 1 7 No. 17 .. .. .. .. 138,377 8 0 652,586 17 11 608 7 0 3,857 6 10 44,431 6 9 376,222 6 0 183,417 1 9 1,032,666 10 9 No. 18 .. .. .. .. 204,216 13 0 653,333 9 0 11,325 12 0 18,551 13 3 47,115 12 2 445,364 16 3 262,657 17 2 1,117,249 18 6 Totals for South Island .. 1,128,152 19 7 4,450,346 11 4 33,689 9 1 107,865 16 8 403,088 14 9 4,116 ,721 10 11 1,564,931 3 5 8,674,933 18 11 Totals for Dominion .. 2,878,308 2 10 12,431,987 11 4 180,038 12 2 424,716 0 0 1,311,340 1 7 11,661,946 5 7 4,369,686 16 7 24,518 ,649 16 11

B.—l [PT. IV].

MAIN HIGHWAYS ACCOUNT— continued. Income and Expenditure Account for the Year ended 31st March, 1939, and Total to Date.

30

Total since j 1 EXPENDITURE Total for Inception of Main nw.i# r since • j Year 1938-39. Highways Act, 1922, i[ INCOME. lotal for ! Inception o£ Main i to 31/3/39 I lear 1938-39. Highways Act, 1922 ! ! !L to 31/3/39. - J— „ , 14 , . , £ s. d. £ s. d. Loans raised under Main Highways Act, 1922 — Met expenditure on construction, renewals, maintenance, &c. (see separate 4,369,686 16 7 24,518,649 16 11 Stock and Debentures issued— f j statement) At 3 per cent, interest .. .. . 1 600 *0 o 3 au 99* S n n Administration-- At 3J per cent, interest " 1 ' 625 ' 600 0 °, Administration expenses (including salaries, travelling- At 3i per cent, interest " " " lan' cZ n n expenses, office rents, printing, stationery, postages, and £ s. d. At 4 per cent, interest " " " " " . ' miscellaneous expenses) . . .. 159,031 19 6 .. 788,387 5 2 At 4J per cent, interest .. " " 'Y/o'nn, in in -tees and travelling - expenses of members of the main Treasury bills ' '* *' ' Highways Eoard other than Government members .. 1,137 2 3 .. 18,265 3 5 At 1J per cent, interest .. .. 95 Oftft ft ft ok nnn n n Miscellaneous expenses- At 2 per cent, interest .. .. 100' 000 0 0 7nnnnn n n Advertising, maps, rent of halls, traffic tallies, transport At 4 per cent, interest .. .. " " 925' 000 0 0 Q^nnnnn of samples depreciation of furniture, &c. . 322 14 5 .. 6,040 5 2 Securities redeemed, Loans Redemption Account ." " ' on AT n n Compassionate grants to widows and relatives of Consolidated Fund— Public Debt Repayment Account " " " £4n n n deceased employees .. .. .. .. .. .. 4,000 0 0 '* *' oo,7<C0 0 0 Compensation under section 3, Public Works Amend- ' " — ment Act, 1925 .. .. .. .. •• •• 1,015 1 6 Receipts under section 15, Finance Act, 1923, from Public Works Fund ' ° ° 8 9360,514 10 10 ■■ '- m 0 " A ~' - W00 0 0 inspection .. ' ■ • " , 5 >000 0 0 •• 22,906 0 5 Motor-registration licenses, fees, and fines (section 24, £ s d Penological laboratory and other experimental work, Motor-vehicles Act, 1924) .. .. 610 84fi 5 7 Expenses of .. .. .. .. .. 481 10 2 .. 11,164 10 4 Less Commission on collection by Post and Tele- _ , , . . _ graph Department — £ s. d. Total administration , 167,563 12 2 859,638 6 10 Motor-registration fees and licenses 23,351 10 0 oan charges ... — Fees for registration of change of Charges and expenses ot raising loans, management charges ownership 12 324 6 0 ofConsolidatedStockonaccountofConstructionFund,&c. 664 3 7 .. 69,635 7 4 " " 1! « r7fi lft Interest on amount appropriated out of Public Works Fund ' rfo,b7o ib 0 and paid into Main Highways Account Construction Fund 61,300 0 0 .. 551,700 0 0 Interest from investments.. .. S i* in n °n Interest on loans, recoupment to Consolidated Fund I ntere8 t f rom local authorities on plant purchased on their behalf " 9 7 5 1 Iv ill 1 i°i (section 4, Finance Act, 1919) 200 < 952 4 3 " h312,252 9 0 Interest on advances to local .. " 3 603 13 I n'm iranster to reserve for redemption of main highway Milpauc Tnv Ant iqqi 99/-\t„ o\ . r im " '' r' w 66,bit b y securities .. * 150.601 0 0 .. 843,795 0 0* Act '_ 1931 " 32 (^°- 2) '-t- !9) .. .. 7,4 4 8 0 20,959 4 9 Payment to local authontics in commutation of toll-gate Motor-spirits tax (section 9, Motor-spirits Taxation Act 1927) " " 2 083 277 11 8 /? u i charges Act, 1925, section 20 ) . 1,488 0 11 .. 28,692 6 8 Tire-duty (sections 13 and 14, Main Highways Act, Y922) . 149 016 9 9 2 367 679 11 Payment to Wellington City Council m commutation of Transfer from Consolidated Fund (section 14, Main Highways Act 1922)' 910 000 0 n fees chargeable in respect of motor-vehicles usmg Hutt Rent of and tolls from ferries .. 8 J ' ' " ; ° ° Road (Finance Act, 1927 (No. 2), section 33) .. 24,535 12 2 .. 255,121 19 7 ...... .. 2,081 10 6 Total loan charges .. .. .. 439,541 0 11 3,061,197 2 7 Subsidies, &c., in respect of other than main highways — Municipal Corporations (Municipal Corporations Act, 1933, section 71) .. .. .. .. .. 33,328 12 11 .. 243,809 19 2 County Councils and other local authorities (Finance Act, 1930, section 37) .. .. .. .. 175,764 8 11 .. 1,482,406 7 9 Subsidies to County Councils for rebate to ratepayers (Finance Act (No. 4), 1931, section 45) .. .. .. .. 253,892 12 1 Subsidy on rates levied on farming land (Finance Act (No. 3), 1934, section 28) .. .. .. .. Or. 81 8 0 .. 364.502 11 9 Maintenance and construction of roads giving access to outlying areas (Finance Act (No. 3), 1931) .. .. .. .. 45,918 8 8 Total subsidies .. .. .. 209,011 13 10 2,390,529 19 5 Balance, being excess of income over expenditure, carried to general balance-sheet .. .. .. .. .. .. .. 312,131 8 3 633,321 1 2 5,497,934 11 9 31.463,336 6 11 5,497,934 11 9 31,463,336 6 11 * Excludes £60,408 10s. 7d. interest credited. ~~ ~ ~ Note. JSjo charge for the cost of exchange on interest payments made in London is included in the accounts.

MAIN HIGHWAYS ACCOUNT— continued. General Balance-sheet as at 31st March, 1939.

B. —1 [PT. IV].

J. W. Scott, A.R.A.N.Z., Chief Accountant, Public Works Department. J. Wood, Chairman, Main Highways Board. I hereby certify that the Income and Expenditure 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, subject to the departmental notes enfaced thereon.— J. H. Fowler, Controller and Auditor-General.

31

LIABILITIES. Total. ASSETS. Total. £ s. d. £ s. d. Cash in Public Account — £ s. d. £ s. d. Excess of income over expenditure for 1938-39 .. .. .. .. 312,131 8 3 At call .. .. .. .. .. .. .. •• 164,788 6 0 Add Balance at 31/3/38 .. .. .. .. .. ..321,189 12 11 Sundry debtors— 633,321 1 2 Public Works Department .. .. .. ■■ 12,351 10 11 Sundry creditors — Other Government Departments .. .. .. .. .. 2,353 1 11 Public Works Department .. .. .. .. .. 47,295 13 1 Non-departmental .. .. .. .. .. .. 7,876 5 6 Other Government Departments .. .. .. .. .. 8,944 4 3 22,580 18 4 Non-departmental .. .. .. .. .. .. 342,278 5 4 Advances to local authorities (Main Highways Amendment Act, 1926, 398,518 2 8 section 2) .. .. .. .. .. .. .. .. 106,461 2 1 Interest accrued on loans .. .. .. .. .. .. 47,189 1 11 Motor-registration fees in hands of Postal Department .. . .. .. 464 10 8 Reserves for redemption of securities .. .. .. .. .. 1,558 10 7 Interest due and accrued .. .. .. .. .. .. .. 2,979 11 4 Writings-ofE in Suspense .. .. .. .. .. .. .. 2,223 2 10 Buildings and land .. .. .. . . .. .. .. 42,709 0 0 Stocks of materials, tools, &c. .. .. .. .. •• •• 242,610 7 3 Furniture, fittings, &c. — Expenditure to 31/3/39 .. .. .. .. 917 13 10 Less depreciation to 31/3/39 .. .. .. . . .. 550 14 5 366 19 5 Plant and equipment — For Main Highways Board — Expenditure to 31/3/39 .. .. .. . • 542,390 8 5 Less depreciation charged to works .. . . . 113,380 10 9 429,009 17 8 Purchased for local authorities — Expenditure to 31/3/39 . .. .. •• •• 288,841 18 7 Less repayments of principal .. .. .. •• 221,784 5 7 67,057 13 0 Amount transferred to Loans Redemption Account .. .. .. 904,203 10 7 Less amount utilized for redemption of securities .. .. .. 902, 645 0 0 1,558 10 7 Stocks Deficits Account .. .. .. .. .. .. .. 2,223210 1,082,809 19 2 j 1,082,809 19 2 Notes. —(a) No liability is included for interest on loans redeemed out of Public Debt Repayment Account. (6) The two funds, previously known as " Construction " and " Revenue," were amalgamated as from 1st April, 1936, and are now termed the " Main Highways Account," in accordance with section 3, Finance Act (No. 2), 1935.

B.—l [PT. IV],

NATIONAL BROADCASTING SERVICE. Revenue Account fob the Year ended 31st March, 1939. Expenditure. Income. Expenditure on programmes, including salaries of £ s. d. £ s d 6 s d programme staff .. .. .. 122,426 16 5 License fees .. .. .. 360,961 0 4 Maintenance of plant, including salaries of engi- Less license fees paid in advance 7 826 18 0 neering and operating staffs .. .. 38,307 7 9 General administrative and running expenses, 353 134 2 4 including salaries of administrative and clerical Less refunds of unexpired staffs .. •• •• .. 29,964 11 6 portion of radio license fees 314 7 5 Expenditure on N.Z. Listener.. .. .. 861 16 2 352 819 14 jj Subsidies to "B" stations .. .. .. 540 15 11 Interest .. .. .. .. 5*830 17 10 Payments to stations operated under contract .. 2,916 10 6 Rents .. .. .. " '948 15 o Contribution to Public Service Superannuation Fund .. .. .. .. .. 572 14 6 Contribution to Radio Research Committee .. 1,518 6 0 Depreciation of assets .. .. .. 46,584 19 2 Balance transferred to Accumulated Fund .. 115,905 10 1 £359,599 8 0 £359,599 8 0 Balance-sheet as at 31st March, 1939. Liabilities. | Assets. £ s . d. Accumulated Fund— £ s. d. £ s. d. Land and buildings . . . . 170 151 8 2 Balance as at Ist April, Machinery and plant .. .. . . 95,'909 4 6 m .. •' •' 441,616 16 2 Office and studio equipment .. .. 18*589 4 1 Transfer from Revenue Newsprint stocks .. 11 525 10 6 Account .. .. 115,905 10 1 £ ' d ' S" b advaixoe ~ 77 ' 828 I I Departmental .. .. 885 3 1 10,000 0 0 Other.. .. .. 4,756 8 1 Works in progress .. .. .. 4,446 14 7 5,641 11 2 Sundry debtors and preWritings off Reserve .. .. .. 28 18 0 payments— Post and Telegraph Department (license fees) .. .. 1,702 12 1 Other .. .. 66 13 9 1,769 5 10 -temporary Investment .. 135,000 0 0 Accrued interest thereon 891 15 7 135,891 15 7 National Commercial Broadcasting Service (advances, interest, and copyright fees) .. .. .. 101,926 7 2 Cash in bank— Broadcasting Account 20,777 16 5 Broadcasting Imprest Account .. .. 3 8 7 20,781 5 0 Writings off Suspense .. . . .. 28 18 0 £571,019 13 5 £571,019 13 5 James Shelley, Director of Broadcasting. I hereby certify that the Revenue 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.—J II Fowler Controller and Auditor-General. ' " '

32

B.—l [PT. IV],

NATIONAL COMMERCIAL BROADCASTING SERVICE. Income and Expenditure Account foe the Year ended 31st March, 1939. Expenditure. Income. Expenditure on programmes, £ s. d. £ s. d. £ s. d. including payments to artists, Sales of station time .. .. .. .. 161,166 5 9 hire of special recordings, relay Miscellaneous .. .. .. .. 1322 lines, and sundry miscellaneous items 16,219 5 11 Less sundry programme charges borne by advertisers .. 2,408 11 5 13,810 14 6 Copyright .. .. .. •• •• 5,963 911 General administrative and running expenses, including rents, rates, and insurance, lighting, heating, and power, legal and audit, printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings, plant and office and studio equipment, advertising, commission, and sundry miscellaneous items 116,159 9 9 Interest .. .. .. • • • • 3,463 3 5 Bad debts .. .. .. • ■ • • 1 > 694 2 4 Depreciation .. .. .. •• 9,490 11 9 Balance carried down : Net profit for year .. 10,597 16 3 £161,179 7 11 £161,179 7 11 £ s. d. £ s. d. Balance brought forward from previous year .. 11,953 11 2 Balance brought down .. .. .. 10,597 16 3 Fire loss, Station 3ZB, written down .. .. 1,354 2 8 Balance .. .. .. .. .. 2,709 17 7 £13,307 13 10 £13,307 13 10 Balance-sheet as at 31st March, 1939. Liabilities. Assets. £ s. d. £ s. d. Advances from Broadcasting Account .. .. 101,926 7 2 Land and buildings .. .. .. .. 5,084 17 4 Creditors £ s. d. Machinery and plant .. .. .. .. 28,716 18 11 Sundry .. .. .. 2,811 14 8 Office and studio equipment, including furniture, Departmental .. .. 1,074 11 0 typewriters, office mechanical appliances, and Commission .. .. .. 2,403 18 6 library .. .. .. .. .. 23,248 18 10 6,290 4 2 Purchase of Station IZB, Auckland .. .. 336 14 8 Advertising paid in advance .. .. .. 14 18 6 Records, music, and script .. .. .. 5,910 1 6 Fees collected on behalf of agents .. . - 440 0 0 Highcliffe relay installation .. .. .. 400 0 0 Income-tax deposits of staff .. .. .. 210 0 Work in progress .. .. .. .. 76 13 10 Deposit Account .. .. .. • • 14 15 1 Preliminary expenses, Station SZB (mobile Railway Writings off, Reserve ■■ •• •• 8,930 12 5 studio) .. .. .. .. .. 166 6 2 Payments in advance .. .. .. 56 12 5 Unplayed episodes of features .. .. .. 747 14 5 Stocks of spares, machinery, and plant .. .. 4,568 0 1 Debtors — £ s. d. £ s. d. Sundry .. 25,551 3 6 Departmental . . 923 17 9 26,475 1 3 Less reserve for bad debts .. 2,100 0 0 24,375 I 3 Cash in bank .. .. .. .. 6,859 12 2 Cash on deposit .. .. ■. 14 15 J Writings off, Suspense .. .. .. 8,930 12 5 Fire loss, Station 3ZB .. .. 6,770 13 4 Less amount written down .. 1,354 2 8 5,416 10 8 Income and Expenditure Account— Balance, 31st March, 1938 .. 11,953 11 2 Add fire loss, Station 3ZB, written down .. .. 1,354 2 8 13,307 13 10 Less excess of income over expenditure for year ended 31st March, 1939 .. .. 10,597 16 3 2,709 17 7 £117,619 7 4 £117,619 7 4 C. G. Scrimgeour, Controller. I hereby certify that the Revenue 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.— J. H. Fowler, Controller and Auditor-General.

5 B. 1 [PT. IV].

33

B.—l [PT. IV],

NATIONAL PROVIDENT FUND. Revenue Account for the Year ended 31st December, 1938. Amount of Fund at beginning of year (Ist £ s. d. National Provident Fund Act, 1926— £ s. d. January, 1938) .. .. .. .. 4,992,586 18 5 Maternity claims (section 19) .. .. 4,032 0 0 National Provident Fund Act, 1926— Maternity claims (section 43) .. .. 36,570 0 0 Contributions .. .. .. .. 313,900 3 0 Refund of contributions on lapse, reduction, Interest .. .. .. .. 198,616 16 6 and withdrawal (sections 11, 12, and 13) .. 96,736 11 8 Fines (section 11 (4) ) .. .. .. 377 10 7 Refund of contributions in lieu of annuity Government contribution under Act (sec- (section 14) .. .. .. 11,240 13 6 tions 52 and 74 (2)) .. .. .. 76,221 17 9 Incapacity allowances (sections 17 and 18), Refund of maternity claims by the State including contributions waived on incapacity (sections 42 (2) and 70) .. .. 40,602 0 0 (£1,577 Is. 3d.) .. .. .. 10,305 19 6 Contributions overpaid on exit .. .. 61 15 10 Death: Refund of contributions (sections Benefits refunded on exit (sections 11 to 16 15 (5) and (16) .. .. .. 31,830 16 4 and 28) .. .. .. .. 21,084 11 11 Death: Allowances on account of widows Miscellaneous receipts .. .. .. 0 2 10 and children (section 15) .. .. 13,476 5 4 Refunds unclaimed .. .. .. 2,527 4 8 Annuities (sections 13 and 48) .. .. 73,691 0 6 Refund of contributions overpaid on exit .. 61 15 10 Public Trustee: Charges .. .. .. 2,675 17 3 Legal expenses .. .. .. .. 100 7 4 Investment Fluctuation Account .. .. 75,000 0 0 Amount of Fund at end of year (31st December, 1938) .. .. .. .. 5,290,257 14 3 £5,645,979 1 6 £5,645,979 1 6 Balance-sheet as at 31st December, 1938. Liabilities. £ s. d. Assets. Fund as per Revenue Account .. .. 5,290,257 14 3 In hands of Public Trustee— £ s. d. Post Office .. .. .. .» 739 2 9 Invested .. .. .. .. 5,250,796 4 3 National Provident Fund Act, 1926— Uninvested .. .. .. .. 13,649 12 8 Claims due and in course of payment*— Balances in transit .. .. .. 9,955 6 3 Maternity (sections 19 and 43) .. .. 3,095 8 9 National Provident Fund Act, 1926— Death: Refunds (section 16) .. .. 1,487 4 2 Contributions outstanding or in course of Death: Refunds (section 15 (5)) .. 1,251 18 0 transmission*— Death: Allowances (section 15) .. 348 11 11 (a) Contributions due but not overdue .. 21,231 9 7 Annuities (sections 13 and 48) .. .» 2,633 1 9 (b) Contributions overdue .. .. 1,650 17 8 Allowances (section 17) .. .. 366 7 10 Government subsidy due under Act* (sections 52 Refunds of contributions in lieu of annuity and 74 (2)) .. .. .. .. 76,221 17 9 (section 14).. .. .. .. 919 14 8 Refund due in respect of maternity claims* Public Trustee: Charges* .. .. .. 1,153 18 9 (sections 42 (2) and 70) .. .. .. 4,374 0 0 Refunds in Suspense .. .. .. 62,763 0 7 Fines due* (section 11 (4)) .. .. 103 7 1 Suspense Account .. .. .. 1,768 9 3 Interest due* .. .. .. .. 9,386 13 10 Contributions prepaid .. .. .. 10,755 11 0 Interest accrued but not due* .. .. 62,471 4 .11 Investment Fluctuation Reserve .. .. 72,300 10 4 £5,449,840 14 0 £5,449,840 14 0 ======================== , * Included in Revenue Account. R. Sinel, Superintendent. R. M. Porteous, A.R.A.N.Z., Accountant. I hereby certify that the Revenue 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.— J. H. Fowler, Controller and Auditor-General.

34

B.—l [PT. IV].

PRINTING AND STATIONERY DEPARTMENT. Trading Account for the Year ended 31st March, 1939. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. Paper and materials — Sales — Stock at beginning .. .. 54,071 1 5 Manufacturing .. .. 249,103 13 10 Add purchases . . . . 64,071 14 4 Less work in progress, 31st March, 1938 .. .. 12,700 0 7 118,142 15 9 Less stock on hand, 31st March, 236,403 13 3 1939 .. .. 40,659 14 0 Add work in progress, 31st 77,483 1 9 March, 1939 .. .. 19,121 14 11 Stationery— ~ ~ ~ Stock at beginning .. .. 16,473 211 255,525 8 2 Add purchases .. .. 49,839 811 Stationery .. .. .. 68,942 19 8 Publications .. .. 11,601 14 6 66,312 11 10 Typewriters.. .. .. 20,666 15 8 Less stock on hand, 31st March, 356,736 18 0 1939 .. .. 11,177 14 9 Discounts received .. .. .. 373 19 4 55,134 17 1 Publications — Stock at beginning .. .. 10,670 11 1 Add purchases .. .. 4,371 19 0 15,042 10 1 Less stock on hand, 31st March, 1939 10,864 3 3 4,178 6 10 Typewriters — Stock at beginning .. .. 80 10 5 Add purchases .. .. 19,360 0 6 19,440 10 11 Less stock on hand, 31st March, 1939 .. .. •• 723 10 11 18,717 0 0 Wages (productive) .. 103,437 14 3 Wages (establishment) .. .. 29,745 3 9 Wages (Stationery Office) .. 9,453 3 6 Freight (inwards) .. 10,797 6 8 Lighting (proportion) .. .. 528 3 0 Power ~ .. ■ • 611 19 1 Fuel .. .. . • • • 644 12 0 Water .. •. • ■ 197 13 0 155,415 15 3 Balance transferred to Profit and Loss Account .. 46,181 16 5 £357,110 17 4 £357,110 17 4 Profit and Loss Account for the Year ended 31st March, 1939. j) r% £ s. d. Cr. £ s. d. Office salaries .. .. •• 8,354 19 8 Balance transferred from Trading Account .. 46,181 16 5 Repairs and alterations to buildings and plant .. 1,037 11 8 Storing and handling stationery, &c., for other Postages and telegrams .. .. •• 1,315 6 9 Government Departments .. .. .. 1,481 8 0 Freight and cartage (outwards) .. ■■ 3,740 15 2 Commission on sales of publications .. .. 1,404 Z 7 Insurance .... • • • ■ • ■ 271 9 3 Rent receivable .. .. .. .. 236 0 0 Exchange . . .. • ■ ■ • • ■ 37 16 9 Discounts allowed .. • • • ■ • • 189 6 4 Telephones (rental) .. • • • • • ■ 120 14 0 Medical services .. •• 1625 Lighting, &c. (proportion) .. • • • • 58 13 8 Proportion of rent, &c., High Commissioner's Office 340 0 0 Office expenses .. . ■ • • • • 14 6 Sundry trade expenses .. . • • • 468 17 1 Audit fee . • ■ ■ • • • • 150 0 0 Wages : Cleaners, watchmen, &c. .. •• 2,368 1 0 Interest on capital .. .. • • .. 10,535 0 9 Depreciation— £ s. d. Buildings 1,011 15 10 Plant and machinery .. .. 6,373 13 10 Furniture, fittings, and office equipment .. • • • • 88 11 7 Type and type metal .. .. 97 711 Accessories .. . • • • 482 6 0 8,053 15 2 Losses on disposal of assets .. . ■ • ■ 20 13 0 Rent of storage space . • • • • • 553 1 7 Grant in lieu of leave of absence .. .. 5 7 6 Balance carried down .. ■ • • • 11,285 0 9 £49,303 7 0 £49,303 7 0 £ s. d. Balance brought down .. .. .. 11,285 09

35

B.- l [Pt. IV).

PRINTING AND STATIONERY DEPARTMENT—continued. Balance-sheet as at 31st March, 1939. Liabilities. Assets. £ s. d. Capital Account —..... £ s. d. £ s. d. Land .. .. .. .. .. 54,359 0 0 Public Works Fund .. .. 112,623 6 0 Buildings .. .. .. .. .. 36,003 17 9 Consolidated Fund .. .. 150,752 13 6 Plant and machinery £ s. d. 263,375 19 6 Composing plant .. .. 1,358 9 7 Creditors— Machine-composing plant .. 8,808 1 3 Departmental .. .. 2,7131510 Addressograph plant .. .. 115 15 0 Sundry .. .. .. 3,170 1 5 Printing plant .. .. 13,132 4 7 5,883 17 3 Binding plant .. .. 7,597 19 0 Wages accrued .. .. .. .. 2,675 5 2 Litho plant .. .. .. 3,495 810 Bad Debts Reserve .. .. .. .. 163 18 6 Photo plant .. .. .. 1,300 14 9 Writing-off Suspense Account .. .. .. 289 13 11 Stereotype plant .. .. 840 16 5 Balance, Profit and Loss Account .. .. 11,285 0 9 Engine-room plant .. .. 618 8 5 Miscellaneous plant .. .. 5,465 1 9 42,732 19 7 Eurniture, fittings, and office equipment .. .. .. .. 735 1 4 Type and type metal .. .. .. 12,023 18 5 Accessories— Composing Branch .. .. 1,956 15 1 Machine-composing Branch .. 55 14 5 Printing Branch .. .. 55 2 7 Binding Branch .. .. 296 11 4 Litho Branch .. .. 75 2 5 Photo Branch . . .. 43 10 9 Stereotype Branch .. . . 718 5 Engine-room .. .. 40 12 10 Paper Store .. .. .. 161 10 1 2,692 17 11 Payments in advance .. .. .. 45 17 9 Debtors— Departmental .. .. 14,855 5 1 Sundry .. .. .. 5,725 6 0 20,580 11 1 Work in progress .. .. .. 19,121 14 II Stock —• On hand .. .. .. 62,991 0 5 In transit .. .. .. 216 10 0 On consignment .. . . 217 12 6 63,425 2 11 Stock Suspense Account . . . . 269 0 11 Treasury Adjustment Account .. .. 31,662 19 6 Assets to be written off .. .. .. 20 13 0 £283,673 15 1 £283,673 15 1 A. W. Gyles, A.R.A.N.Z., Accountant. I hereby certify that the 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, subject to the explanatory notes dealing with Departmental Accounts generally as appearing at commencement of Parliamentary Return 8.-l. [Pt. IV], and to the comment that the Asset " Type and type metal, £12,023 18s. 5d." is not supported by stock-sheets.—J. H. Fowler, Controller and Auditor-General.

36

B.—l [PT. IV].

PUBLIC SERVICE SUPERANNUATION FUND. Revenue Account foe the Year ended 31st March, 1939. £ s. d. | Amount of fund at beginning of year .. .. 3,072,185 6 0 Retiring-allowances— £ s. d. £ e. d. Members'contributions — To members .. .. 482,114 11 0 Under section 19 (ordinary) .. .. 368,546 910 To widows and children .. 45,611 0 8 Transferred from other superannuation funds 1,853 15 8 527,725 11 8 Interest on arrears of contributions.. .. 226 13 5 Contributions returned — Government subsidy— Under section 37 (left service) 40,199 7 8 Under section 50, Public Ser- Under section 42 (death) .. 19,888 15 6 vice Superannuation Act, £ s. d. Under section 34 (retirement) 4,131 11 8 1927*.. .. .. 150,500 0 0 64,219 14 10 Under section 19, Finance Contributions transferred— Act (No. 3), 1934 .. 41,718 1 1 To other superannuation funds .. .. 44 19 9 Under section 9, Finance Act, To National Provident Fund (section 30, (No. 2), 1938 .. .. 30,000 0 0 Finance Act, 1938) .. .. .. 17,789 7 5 Under section 114, Public Premium on stock: Proportion written off .. 370 16 4 Service Superannuation Investments written down by Act, 1927 (widows and Courts: Mortgagors and children) .. .. 19,801 7 6 Lessees Rehabilitation Act, £ s. d. Under section 27, Statutes 1936 .. .. .. 1,462 3 0 Amendment Act, 1936 Investments written down by (actuarial pensions) .. 931 0 0 Board: Section 77, Mort242,950 8 7 gagors and Lessees RehabiliInterest on investments .. 124,424 14 0 tation Act, 1936 .. .. 526 19 2 Less amounts written off by 1,989 22 Court orders —Mortgagors Rates, fees, &c., written off by Courts : Mortand Lessees Rehabilitation gagors and Lessees Rehabilitation Act, 1936 120 2 9 Act, 1936, £9,438 16s. 5d.; Expenses— £ s. d. also less amounts written Audit fees .. .. 75 0 0 off by the Board, section Contingencies .. .. 5 9 7 77, Mortgagors and Lessees Furniture and fittings .. 2 4 5 Rehabilitation Act, 1936, Heating, lighting, and clean£s66 ss. 9d. .. .. 10,005 22 ing .. .. .. 97 111 Legal charges .. .. 309 14 2 114,419 11 10 Medical fees .. .. 120 12 7 Reimbursement by Treasury on Messenger service .. 44 10 0 account reduction in interestf 16,268 16 11 Overtime and meal allowance 75 9 0 130,688 8 9 Postages and services .. 238 18 3 Subsidy, Cook Islands and Samoa .. .. 1,140 11 11 Post and Telegraph DepartSubsidy, Imperial War Graves Commission .. 22 10 0 ment charges .. .. 1,128 10 6 Premium on conversion, local-body debentures.. 635 0 9 Printing and stationery .. 220 7 2 Interest written off recovered .. .. 279 22 Public Trustee's charges .. 2,032 7 3 Fines, fees, and sundries .. .. .. 391 16 11 Rent .. .. .. 144 0 0 Stipendiary Magistrates Account: Administration Salaries .. .. 3,17212 0 expenses recovered .. .. .. 40 18 4 Travelling-expenses Board members .. .. 18 18 11 Typewriters and other machines (upkeep) .. 5 3 7 7,690 19 4 Balance as at 31st March, 1939 .. .. 3,199,010 8 1 £3,818,961 2 4 £3,818,961 2 4 * This amount includes £64,500 previously shown as paid in advance, now shown as a receipt for current year. t Payment by Treasury of amount of statutory reduction of interest on mortgage securities (National Expenditure Adjustment Act, 1932, Part III), £3,819 6s. 4d.; Interest-tax, rural advances bonds (section 6, Finance Act, 1932-33), £2,499; Statutory reduction of interest, New Zealand Government inscribed stock (New Zealand Debt-conversion Act, 1932-33), £4,749 4s. 7d.; Statutory reduction of interest, local-body debentures (section 5, Local Authorities Interest Reduction and Loans Conversion Act, 1932-33), £5,201 6s. : total, £16,268 16->. lid.

37

B.—l [PT. IV],

PUBLIC SERVICE SUPERANNUATION FUND—continued. Balance-sheet as at 3]st March, 1939. Liabilities. Assets Superannuation Fund Account— £ s. d. £ s. d. £ s d Balance due from Revenue Amount invested by the Board .. .. 3,013,674 10 4 Account .. .. 3,199,010 8 1 Contributions of members— £ s. d. Add value of office furniture, In course of transmission .. 27,534 910 fittings, and machinery .. 282 15 2 Due and outstanding 6,052 12 11 — 33 2 9 3,199,293 3 3 Interest on investments— Less amounts due to con- Accrued but not due . . 28,881 12 2 tributors under the pro- Due but not overdue .. 1,127 18 3 visions of section 9 (2), Due and outstanding .. 12,913 2 7 National Expenditure 42 922 13 0 Adjustment Act, 1932 66,999 14 9 Subsidy— 3,132,293 8 6 Cook Islands and Samoa .. 147 10 6 Retiring and other allowances Imperial War Graves Commisdue in course of payment— sion .. 5 12 6 To members .. .. 2,481 6 2 Section 114, Public Service To widows and children .. 415 2 7 Superannuation Act, 1927 .. 299 15 1 2,896 8 9 452 18 1 Refunds of contributions due in Retiring-allowances recoverable course of transmission— (Pensions Department) .. .. 3 7 6 Under section 37 (left service) 841 17 0 Cost-of-living bonus (recoverable) .. 0 18 7 Under section 42 (death) .. 1,715 11 11 Rates, fees, and premiums paid on 2,557 8 11 account mortgagors (recoverContributions transferable to able) .. .. .. .. 644 16 5 National Provident Fund Premium paid on purchase of (section 30, Finance Act, Government stock .. 4,325 7 3 1938) .. .. .. .. 2,243 17 10 Less amount written off .. 373 13 3 Expenses due in course of 3 ygj J4 q payment — f 10 874 7 3 Heating, lighting, and clean- Cash in hand, Public Trustee *12,251 4 5 in S •• •• 116 23,125 11 8 Postages and services .. 18 2 3 Post Office Account .. .. .. 4,945 13 6 Post and Telegraph Depart- Bank Account .. .. .. 85,992 19 8 ment charges .. .. 262 11 6 Office furniture, fittings, and Printing and stationery .. 6 3 7 machinery .. .. .. .. 282 15 2 Typewriters and other machines (upkeep) .. 13 7 289 2 5 Contributions paid in advance or in error .. 704 8 3 Public Trustee's charges on accrued interest .. 1,153 0 8 Unclaimed Account (contributions, &c.) .. 447 10 7 Amount due to contributors under the provisions of section 9 (2), National Expenditure Adjustment Act, 1932 .. .. .. .. 66,999 14 9 £3,209,585 0 8 £3,209,585 0 8 * On deposit at call.

38

B.—l [PT. IV].

PUBLIC SERVICE SUPERANNUATION FUND—continued. Stipendiary Magistrates' Account. Revenue Account for the Year ended 31st March, 1939. Dr. £ S. d. Cr. £ s. d. Amount of fund, Ist April, 1938 .. .. 22,262 11 2 Retiring-allowances .. .. .. .. 5,905 5 0 Members' contributions : Section 63, Public Service Investments written down by order of £ s. d. Superannuation Act, 1927 .. .. .. 1,704 18 4 the Courts: Mortgagors and Lessees Interest on investments .. . . . ■ 964 4 7 Rehabilitation Act, 1936 .. 11 4 4 Subsidy under section 9, Finance Act (No. 2), 1938 5,000 0 0 Investments written down by Board : Interest written off recovered .. .. .. 22 10 Section 77, Mortgagors and Lessees Premium on conversion local-body debentures .. 417 5 Rehabilitation Act, 1936 . . .. 40 10 15 5 2 Rates, fees, &c., written off by Courts : Mortgagors and Lessees Rehabilitation Act, 1936 .. .. 0 18 5 Premium on stock : Proportion written off .. 2 16 11 Administration expenses .. .. .. 40 18 4 Balance as at 31st March, 1939 .. .. 23,973 10 6 £29,938 14 4 £29,938 14 4 Balance-sheet as at 31st March, 1939. Liabilities. Assets. Stipendiary Magistrates' Account— £ s. d. £ s. d. £ s- d. Balance due from Revenue Amount invested by the Board .. .. 23,973 10 6 Account .. .. 23,973 10 6 Less amounts due to contributors under the provisions of section 10 (3), National Expenditure Adjustment Act, 1932 .. .. 471 5 11 23,502 4 7 Amount due to contributors under the provisions of section 10 (3), National Expenditure Adjustment Act, 1932 .. .. .. •• 471 511 £23,973 10 6 £23,973 10 6 Subsidiary Account. Cost-of-living Bonus paid to Annuitants of the Public Service Superannuation Fund on behalf of the Treasury. Dr. £ s. d. Cr. £ s. d. Balance due from Treasury .. .. .. 214 12 8 Amount received from Treasury • > .. 2,637 11 2 Amount disbursed .. .. .. •• 2,423 17 I Balance due from Treasury .. .. 018 7 £2,638 9 9 £2,638 9 9 R. S. Wogan, Secretary. M. P. Finnigan, Accountant, Public Service Superannuation Board. I hereby certify that the Revenue Accounts and Balance-sheets have been duly compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—J. H. Fowler, Controller and Auditor-General,

39

B.—l [PT. IV].

PUBLIC TRUST OFFICE. Profit and Loss Account fob the Year ended 31st March, 1939. Dr - £ S. d. Or. £ S. d. Salaries .. .. .. .. .. 283,147 10 6 Commission, and other income (net) .. .. 398,430 10 7 Overtime .. .. .. .. .. 67 15 10 Service charges— £ s. d. Agents'commission .. .. 3,391 0 1 Services of High Commissioner .. 1,260 0 0 Services of General Post Office 886 18 0 5,537 18 1 Audit of books and accounts .. . . .. 850 0 0 Maintenance of premises and plant: Repairs, insurance, &c. .. .. .. .. 5,947 1 5 Rent .. .. .. .. .. 2,411 3 3 General charges— £ s. d. Advertising .. .. .. 4,156 14 1 Cleaning, heating, lighting, and power .. .. .. 5,771 8 0 Legal expenses .. .. 2,399 14 3 Rates .. .. .. 886 6 4 Miscellaneous payments .. 501 1 3 Postages and freight .. .. 4,258 17 4 Stamp duty on receipts and cheques .. .. .. 1,487 15 8 Telephone subscriptions .. 1,738 13 1 Printing, stationery, and requisites .. .. .. 5,108 6 6 Travelling-expenses .. .. 4,156 16 0 Salaries and expenses of Farm Inspectors.. .. .. 4,848 18 9 Salaries of Custodians and staff .. 7,636 8 6 42,950 19 9 Amount written off under section 43, Public Trust Office Amendment Act, 1913 .. .. 16 18 4 Compassionate allowances to dependants of deceased officers .. .. .. .. 332 0 0 Losses on mortgages : On realization or by operation of the Mortgagors and Lessees Rehabilitation Act, 1936 .. .. .. .. 33,399 11 8 Depreciation on office premises, furniture, plant, &o. .. .. .. .. .. 16,803 17 3 Contribution to subsidy to Public Service Superannuation Fund .. .. .. .. 3,533157 Land-tax .. .. .. .. .. 3,165 3 10 Balance, being net profit for year, transferred to Appropriation Account .. .. .. 266 15 1 £398,430 10 7 £398,430 10 7 — ===== Profit and Loss Appropriation Account for the Year ended 31st March, 1939. Dr ■ £ s - d. Or. £ g. d. Consolidated Fund: One-half profits for year ended Balance .. .. .. .. . . 6 482 7 3 31st March, 1938, payable in accordance with Profit and Loss Account: Balance transferred !'. '266 15 1 section 24 (1) of the Finance Act, 1929.. .. 6,482 7 3 Investment Fluctuation Account .. .. 133 7 7 Balance .. .. .. .. 133 7 6 £6,749 2 4 £6,749 2 4 £ s. d. Balance .. .. .. .. .. 133 7 g

40

B.—l [PT, IV].

PUBLIC TRUST OFFlCE—continued. Balance-sheet of the Public Trust Office as at 31st March, 1939. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Amounts held in Common Freehold and leasehold premises and sites .. 386,698 3 11 Fund for sundry estates Furniture and plant, &c. .. .. .. 38,247 15 10 and funds .. .. 23,984,571 14 2 Stationery and stores, &c. .. .. .. 6,470 0 5 Amounts held for special Stocks, bonds, and debeninvestment on behalf of tures (book value) — £ s. d. certain funds, but not yet Government securities invested .. .. 56,140 6 1 (£4,451,770), plus preAmounts specially invested miums on purchase on behalf of certain estates (£10,506 15s. 7d.), less and funds .. .. 13,590,937 5 4 reserve for premiums ,—, — 37,631,649 5 7 on conversion and disSundry creditors, including counts on purchase accounts passed for pay- (£3,328 18s. Bd.) .. 4,458,947 16 11 ment but not yet paid .. .. 195,946 0 8 Local bodies' debentures. Reserve in respect of ex- (£6,635,777 4s. lid.), enemy property moneys.. 24,204 11 3 less reserve for preSpecial reserve for securities 68,584 12 5 miums and discounts General Legal Expenses on conversion or purAccount .. .. 7,772 17 6 chase (£198,051 13s. 4d.) 6,437,725 11 7 Investment Fluctuation Ac- 10,896,673 8 6 count .. .. 94,955 10 11 Mortgages, &c. (book value) 12,055,716 1 6 — 195,517 12 1 Less reserve .. .. 60,498 18 6 Assurance and Reserve Fund .. 413,715 16 I - 11,995,217 3 0 Profit and Loss Appropria- Advances for protection of tion Account .. .. 133 7 6 securities acquired or in possession, &c. V. .. 68,584 12 5 Properties acquired (book value) .. .. 200,331 17 9 Less reserve .. .. 6,466 11 7 193,865 6 2 Advances (on overdraft) to estates and accounts (book value).. .. 675,871 1 9 Less reserve .. .. 2,698 13 8 673,172 8 1 Interest and rent accrued, due, and overdue— Interest accrued up to 31st March, 1939, but not yet due, and interest overdue .. .. 431,665 6 0 Rent due or accrued .. 168 18 11 431,834 4 11 Less provision for losses 100,970 2 0 330,864 2 11 Sundry debtors .. .. .. .. 30,745 0 1 Cash in hand, on current account, and on deposit in New Zealand and London .. .. 218,626 15 3 Investment of reserve for mortgages: Mortgages, &c. .. .. .. .. 6,860 0 Special investments (book value) held on behalf of certain estates and funds— £ s. d. Government securities .. 7,383,412 18 II State Advances Corporation of New Zealand stock .. .. 130,000 0 0 Local bodies' debentures 1,802,587 2 4 Private debentures and shares .. .. 41,206 17 2 Realty and leasehold .. 5,070 4 6 Fixed deposits .. 900 0 0 Mortgages .. .. 4,144,608 16 1 Mortgage securities ac- . ! quired .. .. 36,255 16 8 Advances for protection of securities .. .. 646 14 9 Financial assistance to mortgagors .. .. 170 16 10 Loans .. .. 6,280 0 0 Savings-banks accounts .. 10,791 5 10 Overdue interest on special investments.. .. 29,006 12 3 13,590,937 5 4 £38,436,962 1 11 £38,436,962 1 11 E. 0. Hales, Public Trustee. F. Menneer, Chief Accountant. I hereby certify that the balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—J. H. Fowler, Controller and Auditor-General.

6 —B. 1 [PT. IV].

41

B. —1 [PT. IV],

WORKING RAILWAYS ACCOUNT. Income and Expenditure in respect of Railway Operation for the Year ended 31st March, 1939.

42

i I I as ' Per Cent, of "g Per Cent, of Operating Eevenue. £ . i Operating Revenue. EXPENDITURE. j§ 1938-39. 1937-38. REVENUE. S| ° 1938-39. 1937-38. < \ ! 50 S ! 1938-39. 1937-38. £ 1938-39. 1937-38. 03 1 I I I £ s. d. £ s. d. £ s. d. £ s. d. Maintenance of way and works .. .. A 1,375,829 2 6 1,278,980 8 7 17-19 16-85 Passengers, ordinary .. .. .. 17 1,538,881 17 0 1,475,829 4 7 19-22 19-44 Maintenance of signals and electrical appli- B 186,546 6 10 178,891 13 8 2-33 2-36 Passengers, season tickets .. .. 17 246,764 13 9 222,191 6 8 3-08 2-93 ances Parcels, luggage, and mails .. .. 17 334,169 8 8 318,456 14 10 4-17 4-19 Maintenance of rolling-stock .. .. C 1,832,614 13 7 1,792,562 5 3 22-89 23-60 Goods .. .. .. .. 17 5,694,935 13 9 5,411,296 17 11 71-15 71-28 Examination, lubrication, and lighting of D 85,481 12 7 78,726 19 0 1-07 1-04 Labour, demurrage, &c. .. .. 17 190,307 14 8 164,050 6 10 2-38 2-16 vehicles Locomotive transportation .. .. E 1,727,374 16 10 1,624,382 14 7 21-58 21-40 Traffic transportation .. .. .. F 2,208,310 7 6 2,090,470 15 4 27-58 27-53 General Charges .. .. .. G 82,236 1 10 78,787 4 0 1-03 1-04 £ s. d. Superannuation subsidy 187,913 5 3 Less amount allocated to subsidiary services, &c. .. .. 22,674 2 2 .. 165,239 3 1 168,983 1 2 2-06 2-23 Total operating expenses .. .. 7,663,632 4 9 7,291,785 1 7 95-73 96-05 Net operating revenue .. .. .. 341,427 3 1 300,039 9 3 4-27 3-95 .. £8,005,059 7 10 £7,591 ,824 10 10 100-00 100-00 .. £8,005,059 7 10 £7,591,824 10 10 100-00 100-00

B.—l [PT. IV].

WORKING RAILWAYS ACCOUNT—continued. Income and Expenditure in respect of Lake Wakatipu Steamers.

Income and Expenditure in respect of Refreshment Service.

Income and Expenditure in respect of Book-stall Service.

43

Per Cent, of P® r Cent, of Revenue. Revenue. EXPENDITURE. L988-39. 1937-38. ; REVENUE. 1938-39.1937-38. 1938-39.! 1937-38. 1938-39. 1937-38. £ £ | £ £ Salaries and wages, shore staff .. 1,528 1,252 21-32 16-42 Ordinary passengers .. 2,621 2,648 36-58 34-73 Salaries and wages, steamer staff 4,351 4,183 60-70 54-86 Season tickets .. .. 34 38 0• 47 0• 50 Coal and stores .. • • 1,695 1,559 23-65 20-44 Parcels, luggage, and mails .. 493 521 6-87 6- 83 Repairs, steamers .. .. MBS 1,090 14-90 14-30 Goods 3,990 4,387 55-66 57-55 Repairs, wharves, &c... .. 197 920 2*75 12-07 Miscellaneous .. .. 30 30 0 4-j 0 39 Insurance, depreciation, &c. .. 1 932 846 13-00 11-10 Motor-lorry expenses .. .. 712 634 9-93 8-32 10,483 10,484 146-25 137-51 7,168 7,624 100-00 100-00 Operating loss .. .. 3,315 2,860 46*25 37-51 10,483 10,484 146-25 1.37-51 10,483 10,484 146-25 137-51 Operating loss .. .. 3,315 2,860 46*25 37-51 Payments to railway revenue— Interest on capital .. .. 830 660 11-58 8-66 Net loss .. .. .. 4,145 3,520 57-83 46-17 4,145 i 3,520 \ 57-83 46-17 4,145 3,520 57-83 46-17 | I I

| Per Cent, of Revenue. „ EXPENDITURE. 1938-39. 1937-38. REVENUE. 1938-39. 1937-38 1938-39. 1937-38. £ £ £ £ Salaries and wages .. • - 55,012 49,074 32-80 34-37 Receipts from Refreshment-rooms .. 167,710 142,786 Provisions used .. . ■ 76,770 66,285 45*77 46'42 Light, fuel, and water .. 3,393 2,653 2-02 1-86 Renewals and depreciation .. 4,908 4,109 2-93 2-87 Insurance and miscellaneous .. 7,841 4,260 4*68 2'99 147,924 126,381 88-20 88-51 Operating profit ■■ ■■ 19,786 16,405 11-80 11-49 Hi7,710 142,786 100-00 100-00 167,710 142,786 P TiZrest!m r oa^teK 1,465 1,230 0-87 0-86 Operating profit 19,786 16,405 Rent .. 10,309 9,817 6-14 6-87 Freights and fares .. .. 3,491 3,509 2-09 2-46 Net profit 4,521 1,849 2-70 1-30 19,786 16,405 11-80 11-49 19,786 16,405

Per Cent, of EXPENDITURE. 1038-39. 1937-38 REVENUE. 1988-39. 1937-38 1938-39. 1937-38. £ £ £ £ Salaries and wages .. .. 9,543 8,639 10-30 11-26 Receipts 92,604 76,716 Stores .. 68,675 56,489 74-16 73-64 Miscellaneous.. •• 1,240 1,010 1-34 1-31 79,458 66,138 85-80 86-21 Operating profit .. •• 13,146 10,581 14-20 13-79 92,604 76,719 100-00 100-00 92,604 76,719 ' a Rento tS t0 . railWay 1 - CTt>nU •• 8,490 6,905 9-17 9-00 Operating profit .. .. 13,146 10,581 Bail freights .. •• 196 189 0-21 0' 25 Net profit .. 4,460 3,487 4-82 4-o4 13,146 10,581 14-20 13-79 \ 13,146 10,581 I

B.—l [PT. IV].

WORKING RAILWAYS ACCOUNT—continued. Income and Expenditure in respect of Advertising Service.

Income and Expenditure in respect of Departmental Dwellings.

Income and Expenditure in respect of Buildings occupied by Refreshment Service, Book-stall Proprietors, etc.

44

Per Cent, ol .Revenue. EXPENDITURE. 1938-39. 1937-38. REVENUE, 1938-39. 1937-38 1938-39. 1937-38. £ \ £ £ £ Salaries, wages, and allowances 8,243 8,396 20-57 22-45 Advertising-signs, publications, &e. .. 40,071 37,397 Stores and materials .. .. 2,293 1,483 5-72 3-96 Insurance and depreciation .. 3,153 7,067 7-87 18-89 Office and general expenses .. 7,966 2,935 19-88 7-86 21,655 19,881 54-04 53-16 Operating profit .. .. 18,416 17,516 45-96 j 46-84 j 40,071 37,397 100-00 100-00 40,071 37,397 Payments to railway revenue— Interest on capital .. .. 697 761 1-74 2-03 Operating profit .. .. . 18,416 17,516 Kent of premises and sites .. 11,500 10,866 28-70 29-07 Commission .. .. 1,051 902 2-62 2-41 Freights .. .. .. 231 217 0-58 0-58 Net profit .. .. .. 4,937 4,770 12-32 12-75 18,416 17,516 45-96 46-84 18,416 17,516

Per Cent, of I Revenue. ' EXPENDITURE. 1938-39. 1937-38. ; REVENUE. 1938-39. ! 1937-38. 1938-39. 1937-38. J . £ £ £ £ Wages and charges .. .. 58,668 62,126 43-81 47-54 Rentals .. .. .. ..133 946 130 683 Materials .. .. .. 26,272 21,694 19-61 16-60 Insurance .. .. .. 324 668 0-24 0-51 Depreciation .. ..37,504 35,033 28-00 26-81 122,768 119,521 91-66 91-46 Operating profit .. .. 11,178 11,162 8-34 8-54 133,946 130,683 100-00 100-00 133,946 130,683 Payments to railway revenue— Operating profit .. .. .. 11,178 11,162 Interest .. .. .. 64,425 63,661 48-10 48-71 Net loss .. .. .. .. 53,247 52',490 64,425 63,661 48-10 48-71 64,425 63,661

Per Cent, of Revenue. EXPENDITURE. 1938-39. 1937-38. I REVENUE. 1938-39. 1937-38 1938-39. 1937-38. j j — _ £ £ £ £ Wages and charges .. .. 4,022 2,682 16-84 13-22 Rentals .. .. .. .. 23 889 20 292 Materials .. .. .. 1,083 877 4-53 4-32 Insurance and depreciation .. 3,674 3,678 15-38 18-12 j 8,779 7,237 36-75 35-66 Operating profit .. .. 15,110 13,055 63-25 64-34 23,889 20,292 100-00 100-00 23,889 ~20^292 Payments to railway revenue— Interest .. .. .. 6,866 6,692 28-74 32-98 Operating profit .. .. .. 15 HO 13 055 Net profit .. .. .. 8,244 6,363 34-51 31-36 15,110 13,055 63-25 64-34 15,110 13,055'

B1 [Pt. IV].

WORKING RAILWAYS ACCOUNT —continued. Income and Expenditure in respect of Road Services.

Railway Employees' Sick Benefit Society.

45

Per Cent, of i ! Per Cent, of Revenue. Revenue. EXPENDITURE. 1938-30. j 1937-38. | REVENUE. J 1938-39. 1937-38. 1038-39.! 1937-38. i | 1938-39.1 1937-38. 1 1 1 I - 1 ' £ £ £ £ Superintendence — Salaries and 60,852 26,509 12-04 9-59 Passengers.. .. .. 283,546234,697 56-09 84-87 office expenses Goods, parcels, mails, &c. .. 220,295 40,144 43-56 14-52 Maintenance charges .. .. 78,918 39,100 15-61 14-14 Miscellaneous .. .. 1,771 1,686 0-35 0-61 Running-expenses .. .. 248,601 127,875 49-16 46-24 License fees .. .. .. 15,301 8,431 3-03 3-05 Insurance and depreciation .. 64,126 45,392 12-68 16-42 467,798247,307 92-52 89-44 Operating profit .. .. 37,814 29,220 7-48 10-56 505,612 276,527100-00 100-00 ; 505,612276,527 100-00 100-00 Payment to railway revenue— Interest on capital .. •• 12,277 7,246 2-43 2-62 Operating profit .. .. 37,814 29,220 7-48 10-56 Net profit .. .. .. 25,537 21,974 5-05 7-94 37,814 29,220 7-48 10-56 37,814 29,220 7,48 10-56

Income and Expenditure. EXPENDITURE. 1938-39. 1937-38. j INCOME. 1938-39. 1937-38. £ £ £ £ Sick benefits paid to members .. .. 38,390 27,090 Contributions .. .. .. .. 26,671 23,715 Balance carried down, being excess of income .. 6,433 Entrance fees .. .. .. .. 360 337 oyer expenditure Interest on Investments .. .. .. 1,663 1,471 Subsidy as per section 5, subsection (1), of 8,000 8,000 Government Railways Amendment Act, 1928, charged to Working Railways Account Balance being excess of expenditure over income 1, 696 for the year 38,390 33,523 38,390 33,523 Excess of expenditure over income .. .. 1,696 .. Accumulated funds brought forward on 1st April 47,392 40,959 Balance accumulated funds as at 31st March .. 45,696 47,392 Balance .. .. .. .. .. .. 6,433 47,392 47,392 47,392 47,392 Balance-sheet. Liabilities. £ £ Assets. £ £ Accumulated funds .. .. .. 45,696 47,392 Investments .. .. .. .. 49,379 46,916 Sick pay due not paid .. .. .. 41 74 Cash in Working Railways Account .. .. .. 492 Working Railways Account .. .. 3,695 .. Contributions outstanding at 31st March .. 53 58 49,432 47,466 49,432 47,466 I

B.—l [PT. IV],

WORKING RAILWAYS ACCOUNT—~continued. RENEWALS, DEPRECIATION, AND EQUALIZATION RESERVE ACCOUNTS. General Reserve Account. | £ s. d. ! Balance .. .. .. .. £1,144,552 17 8 Insurance Reserve Account. Expenditure. £ s. d. ' Income. £ s. d. Losses .. .. .. .. .. 1,682 17 0 Balance from previous year .. .. 106,169 3 2 Upkeep railway fire brigades and fire appliances.. 2,909 5 8 Premiums debited to working-expenses .. 2,671 1 1 Balance .. .. . . .. . . 104,248 1 7 £108,840 4 3 £108,840 4 3 Balance .. .. .. .. .. £104,248 1 7 Workers' Compensation Reserve Account. Expenditure. £ s. d. Income. £ s. d. Accident payments .. .. .. .. 65,962 13 2 Balance from previous year .. .. 44,558 3 6 Balance .. .. .. .. .. 39,863 10 9 Premiums debited to working-expenses .. 61,268 0 5 £105,826 3 11 £105,826 3 11 Balance .. .. .. .. .. £39,863 10 9 Slips, Floods, and Accidents Equalization Reserve Account. Expenditure. £ s. d. Income. £ s. d. Repairs to bridges, track, &c. .. .. 38,973 3 4 Balance from previous year .. .. 20,385 3 6 Balance .. .. .. .. .. 668 0 2 Contributions debited to working-expenses .. 19,256 0 0 £39,641 3 6 £39,641 3 6 Balance .. .. .. .. £668 0 2 Betterments Reserve Account. Expenditure. £ s. d. Income. £ s. d. Balance .. .. .. .. .. 3,248 2 0 Balance from previous year.. .. .. 1,794 4 6 Contributions debited to working-expenses, Refreshment Branch .. .. .. 1,453 17 6 £3,248 2 0 £3,248 2 0 Renewals Reserve Account. Expenditure. £ s. d. Income. £ s. d. Relaying of track .. .. .. .. 296,865 15 5 Balance from previous year .. .. 790,489 16 11 Refreshment Branch .. .. .. 458 14 9 Contributions debited to working-expenses .. 207,168 0 0 Balance .. .. .. .. .. 700,333 6 9 £997,657 16 11 £997,657 16 U Balance .. .. .. .. .. £700,333 6 9 Depreciation Reserve Account. Expenditure. £ s. d. Income. £ s . d. Way and works, bridges, and portable plant .. 136,525 19 4 Balance from previous year .. .. 321,622 2 6 Operating buildings .. .. .. 2,488 2 0 Contributions— Signalling and interlocking .. .. .. 30,694 8 0 Way and works, bridges, wharves and plant 83,297 9 1 Rolling-stock .. .. .. .. 158,090 14 1 Operating buildings .. .. .. 41,973 0 0 Locomotive running and car and wagon depot Signals, interlocking, and electric traction .. 59,199 2 6 plant .. .. .. .. .. 19 10 9 Rolling-stock .. .. .. .. 357,702 14 1 Dwellings .. .. .. .. .. 16,846 15 0 Locomotive running and car and wagon depot Refreshment, advertising, road service and stores plant .. .. .. .. 3 313 0 0 buildings .. .. .. .. 09 9 Dwellings .. .. .. ' . 36'839 0 0 Workshops buildings and plant .. .. 2,15111 8 Head Office buildings and plant .. .. 3,916 0 0 Balance .. .. .. .. . . 673,482 13 3 Refreshment, advertising, road service, and stores buildings .. .. .. 6,640 0 0 Workshops buildings and plant .. .. 41,983 0 0 Lake Wakatipu steamer service .. .. 637 0 0 Road services .. .. .. .. 63,177 15 8 £1,020,300 3 10 £1,020,300 3 10 Balance .. .. .. .. .. £673,482 13 3

46

B.—l [PT. IV].

WORKING RAILWAYS ACCOUNT— continued. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1939.

Net Revenue Account.

47

Year 1938-39. Year 1937-38. i Statement No. ( j Gross Revenue. i Expenditure. j Net Revenue. Gross Revenue. Expenditure. Net Revenue. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Railway operation 3 8,005,059 7 10 7,663,632 4 9 341,427 3 1 "i 1( > 7 ' 29 , 1 A 8 A A I n, 3 °°Afo in n Lake Wakatipu steamers .. .. .. 4 7,167 13 0 11,312 14 5 Dr. 4,145 1 5 7,624 3 9 11,143 13 9 Dr. 3,51910 0 Refreshment service 5 167,709 16 6 163,188 12 1 4,521 4 5 142,786 2 6 1 i°' 93 , 6 1 17 jl I'fl t I Bookstall service 5a 92,603 19 3 88,143 12 6 4,460 6 9 76,719 6 10 73,231 18 10 3,487 8 0 Advertising service .. .. 6 40,070 13 8 35,134 2 10 4,936 10 10 37,396 14 4 32,626 17 10 4,769 U 6 Dwellings . .. .. .. .. 7 133,945 11 2 187,193 1 1 Dr. 53,247 9 11 130,68-3 6 7 183,182 8 7 Dr. 52,499 2 0 Buildings occupied by refreshment services, book- 8 23,888 18 10 15,644 18 4 8,244 0 6 20,291 10 9 13,928 13 0 Road motor services 9 505,611 11 3 480,074 12 2 25,536 19 1 276,526 16 2 254,553 6 8 21,973 9 6 Miscellaneous revenue 369,329 16 7 .. 369,329 16 7 350,333 3 0 •• 350,333 3 0 9,345,387 8 1 8,644,323 18 2 .. 8,634,185 14 9 8,001,388 17 6 Total net revenue to Net Revenue Account.. .. .. •• 701,063 9 11 .. •• 632,796 17 3

Dr. 1938-39. 1937-38. Or. \ 1938-39. 1937-38. £ s. d. £ s. d. £ 8- d. £ s. d. Interest charges .. .. .. 2,418,116 9 6 2,335,807 11 1 Net earnings before charging interest on capital .. 701,063 9 11 632,796 17 3 Reduction on account of interest charges, vide section 14, Finance Act, 1930 (No. 2) 1,717,052 19 7 1,703,010 13 10 2,418,116 9 6 2,335,807 11 1 2,418,116 9 6 2,335,807 11 1

B.—l [PT. IV],

WORKING RAILWAYS ACCOUNT— continued. Capital Account as at 31st March, 1939.

48

Total 'Iglf March ' aist'March d 1939 Total to 31st March, | Total to 31st March, Year ended j Total to 31st March, 1938. ! olst March, 1939. 1939. || I lfl38 . I 31st Mareh> 1939 j 1939 _ Expenditure. £ s. d. £ s. d. £ s. d. Receipts. £ s d £ , d -P H Permanent- way buildings, 51,377,269 14 3 1,090,515 15 5 52,467,785 9 8 Capital included in public debt .. 57,326,681 4 11 2 511 428 19 9 59 838 110 4 8 machinery, plant, and dwellings Other capital .. .. 9 033 902 6 6' ' q'oss'QO'' 6 fi Rolling-stock, lake steamers, and road 12,284,791 15 1 1,492,086 0 3 13,776,877 15 4 ' __JJ ' ' Lines closed for traffic .. .. 362,662 9 4 .. 362,662 9 4 Deduct accrued depreciation and lK.'oOO " 0 2 ' 5U ' 428 19 9 " 0 ■— other losses of capital written off T , , . . 64,024,723 18 8 2,582,601 15 8 66,607,325 14 4 in accordance with subsection (2), -Deduct accrued depreciation on exist- 8,281,158 18 7 323,041 13 11 8,604,200 12 6 section 23, of the Government ing assets Railways Amendment Act, 1931 55,743,565 0 1 2,259,560 1 9 58,003,125 1 10 tt3d ndedbalanCeS: Depreda " 321,622 2 6 351 ' 860 10 9 673,482 13 3 55,960,583 11 5 2,511,428 19 9 58,472,012 11 2 Outstanding liabilities .. .. 104,603 11 2 99,991 12 9 204,595 3 11 £56,065,187 2 7 £2,611,420 12 6 £58,676,607 15 1 £56,065,187 2 7 £2,611,420 12 6 £58,676,607 15 1 Note. Unopened lines are under the control of the Public Works Department, and all expenditure out of the Public Works Fund in connection therewith is included in the accounts of that Department.

B.—l [PT. TV],

WORKING RAILWAYS ACCOUNT —continued. General Balance-sheet as at 31st March, 1939. Liabilities. Assets. Sundry creditors — £ s. d. £ s. d. £ s. d. £ s. d. Genera] creditors (including Sawmills, bush areas, and unpaid wages) and credit stock of timber .. .. .. .. 200,074 15 3 balances .. .. 748,631 10 5 Stores and materials on hand—• Government Departments .. 22,474 2 4 Stores Branch .. .. 2,060,241 13 4 771,105 12 9 Subsidiary Services .. 22,028 11 8 Collections for refund to — 2,082,270 5 0 Harbour Boards, shipping Sundry assets — companies, and other Advertising Branch .. 20,100 14 0 carriers .. .. 25,835 0 10 Refreshment Branch .. 36,134 10 7 Government Departments 191 9 9 Housing Improvements .. 9,982 1 7 26,026 10 7 66,217 6 2 Items to be written off on Sundry debtors— receipt of parliamentary Advances to capital .. 187,369 1 6 authority .. .. .. .. 6,065 7 4 Government Departments .. 41,177 16 7 General Reserve .. .. 1,144,552 17 8 Advances: Housing Scheme Depreciation Reserve Account 673,482 13 3 under Government RailRenewals Reserve Account .. 700,333 6 9 ways Amendment Act, Insurance Reserve Accounts — 1927, section 15 (5), RailFire .. .. .. 104,248 1 7 way employees .. 233 11 4 Workers' Compensation .. 39,863 10 9 Work in progress, sundry Slips, Floods, and Accidents debtors, and debit balances 274,612 6 2 Equalization Account .. 668 0 2 503,392 15 7 2,663,148 10 2 Employment Promotion Fund : Employment Promotion Fund: Subsidized works.. .. .. .. 463,920 411 Subsidy on Works .. .. .. 463,920 411 Accrued interest on investments 2,095 17 10 Betterments Reserve : Re- Outstanding at stations — freshment Branch .. .. .. 3,248 2 0 Cash in hand .. .. 63,196 17 2 Sick Benefit Fund .. .. .. .. 45,683 12 7 Freights, &c., owing by Government Departments .. 73,603 19 7 Freights, &c., owing by sundry debtors .. 252,847 8 9 389,648 5 6 Working Railways Investments .. .. 150,000 0 0 Sick Benefit Fund investments .. .. 49,378 15 7 Cash in Working Railways Account .. .. .. .. 72,199 14 6 £3,979,198 0 4 £3,979,198 0 4 W. Bishop, A.R.A.N.Z., Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly set out the position as disclosed thereby, subject to the above departmental note, and to the exception that the cost of exchange in respect of interest payments made in London during the year for the purposes of this account has not been charged to the account but has been borne by the Consolidated Fund. —J. H. Fowler, Controller and Auditor-General.

GOVERNMENT RAILWAYS SUPERANNUATION FUND. Statement of Accounts in accordance with Section 123, Government Railways Act, 1926. Receipts and Payments Account for Year ended 31st March, 1939. Receipts. Payments. Dr. £ s. d. Or. £ s. d. Balance in hands of Public Trustee on 31st March, Retiring-allowances paid to members .. .. 432,862 9 6 1938 .. .. .. .. .. 10,966 15 1 Allowances to widows and children .. .. 29,600 15 10 Contributions by staff .. .. .. 203,695 13 11 Contributions refunded to members who have left Contributions by contingent contributors .. 9,070 6 8 the Service .. .. .. .. 33,031 8 1 Fines . . ' .. .. . . . . 233 15 0 Contributions refunded to contingent members Working Railways Account — who have left the Serv ice .. .. .. 1,913 6 7 Subsidy .. .. .. .. .. 170,000 0 0 Rebates of contributions .. .. .. 288 9 9 Increased allowances to annuitants as provided Refund to legal representatives of deceased benefor by Statutes Amendment Act, 1936 .. 3,313 6 7 ficiaries under section 120 (c) of Government Increased allowances to widows and children .. 13,153 1 0 Railways Act, 1926 .. .. .. 1,152 0 2 Cost-of-living bonus to annuitants .. .. 1,471 3 6 Contributions transferred to other funds .. 1,016 3 4 Subsidies from — Travelling-expenses of Board members .. 79 15 0 Consolidated Fund .. .. .. 52,000 0 0 Public Trust charges (legal costs) .. .. 178 9 8 New Zealand Railway Officers'lnstitute .. 14 6 4 Public Trust Commission .. .. .. 1,439 9 3 Railway Tradesmen's Association .. . . 15 16 3 Audit Office fee .. .. .. .. 50 0 0 New Zealand Engine-drivers', Firemen and Salaries .. .. .. .. .. 1,415 0 8 Cleaners' Association .. .. . . 23 14 5 Postages .. .. .. .. .. 204 13 5 Amalgamated Society of Railway Servants .. 15 3 11 Printing and stationery .. .. .. 160 3 7 Interest— " £ s. d. Cost-of-living bonus to annuitants .. .. 1,462 12 6 Investments .. .. 57,077 2 7 Investments .. .. .. .. 14,726 15 4 Treasury Department .. 10,876 1 7 Contributions paid (in suspense) .. .. 75 0 0 67,953 4 2 Balance in hands of Public Trustee at 31st March, Rates and fees (recovered) .. .. 174 0 4 1939 .. .. .. .. .. 12,490 14 5 Commission on collection of Government Life Insurance premiums .. .. .. 46 19 10 £532,147 7 0 £532,147 7 0

7 —B. 1 [PT. IV].

49

B.—l [PT. IV],

GOVERNMENT RAILWAYS SUPERANNUATION FUND—continued. Statement of Accounts, etc.—continued. Revenue Account for the Year ended 31st March, 1939.

50

BSPBKDtTUBE. ™38-39. 10.37-38 | INC0 ME. | 1938 -39. j 1937-38. £ s. d. £ s. d. jp ~ j /» j Retiring-allowances to members .. 433,369 9 10 424,851 0 9 Members'contributions .. .. 197 862 15 5 179 007 in * Allowances to widows and children 29,658 2 10 28,408 14 6 Members'contributions on account of casual service" " 19' 280 15 2 37 508 6 J Refund of total contributions .. .. .. .. 33,291 6 9 24,060 4 5 Fines .. .. 24Q 10 0 ifil n n Refund of contributions in excess of allowance dr?wn by 1,119 7 5 1,481 14 10 Subsidies " " " " " 0 Transfersio b oXer1unds , „ 1f r , , 9Q „ R Consolidated Fund g 2;0 00 0 0 45,000 0 0 xransiers to otner tunds .. .. .. .. .. 1,016 15 3 429 6 6 Working Railways .. .. .. 170 000 n O I'm nnn n n f h doubtful debts •• • 8,610 11 1 1,054 13 8 Increased allowances to annuitants as provided for by 3'298 15 5 3 494 1 8 J? ? charges Statutes Amendment Act, 1936 io o a,iy* 1 X :: :: :: ,.,21 iS ,JS1 i *"■—» 13 - 1 » 1 " 4 A U^ C rS USt ,° hargeS (l6gal ° 0StS) 195 17 11 175 11 1 New Zealand Railway Officers" Institute .. 14 110 7? 7 10 Audit Office fee 50 0 0 50 0 0 New Zealand Railway Tradesmen's Association .. .. 15 18 I 16 4 7 postages :: :: :: :: :: ;; I \ N l sso !^ d En g ine - drivers - Fireme »> and aeaw 23 9 9 « «« Printing and Stationery 160 3 7 181 18 5 Amalgamated Society of Railway Servants .. 14 14 1 balance carried down, being excess of income over expenditure 9,631 1 9 21,863 17 3 Interest " £ s d for the year ! Investments .. .. .. .. 53,121 9 10 Treasury Department .. .. .. 10,876 1 7 r , . . T . r T 63,997 11 5 64,589 0 10 "log-p 8 4 -Qg if io ormrnsslon on (government Life Insurance collections .. 46 19 10 46 7 2 Amounts previously written off now claimed — 519,956 8 4 505,456 17 10 Widows allow-ances .. .. .. .. .. 19 0 Accumulated funds brought forward on 1st April 1 272 724 7 5 1 WiO 860 10 » Balance accumulated funds as at 31st March .. .. 1,282,354 0 2 1,272,721 7 5 Balance brought down .. .. .. .. 1 9 21 863 17 3 1,282,355 9 2 1,272,724 7 5 1,282,355 9 2 1,272,724 7 5

GOVERNMENT RAILWAYS SUPERANNUATION FUND— continued. Statement of Accounts, etc.— continued. Balance-sheet as at 31st March, 1939.

B.—l [PT. IV].

D. G. Sullivan. W. Bishop, Chairman of the Government Railways Chief Accountant, New Zealand Railways. Superannuation Fund Board. I hereby certify that the Statement of Receipts and Payments, Revenue 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.— J. H. Fowler, Controller and Auditor-General.

51

LIABILITIES. 1938-89. 1937-38. J ASSETS. | 1938-39. , 1937-38. £ s. d. £ s. d. £ s ' d " £ s ' d ~ Accumulated funds as per Revenue Account . ..1,282,354 0 2 1,272 724 7 5 Investment Account- 1 257 425 18 1 Causal employees' contingent contributions .. 13,043 8 9 8,833 17 11 ' 3 W1 S 7 Retiring and other allowances due (not paid)— as 11 •• " ' 1,261,417 1 8 1,252,986 17 10 Mpmhprq .. .. .. •• 1,1** * 1U 0/4 1 1U Widows and children .. .. .. •• 209 11 1 150 5 6 Gurrent^ 12,490 14 5 10,966 15 1 Refund of contributions authorized (not paid) .. .. 1,043 7 9 l n \ w 7 Contributions and fines in transit .. . . 16.765 18 0 15,017 5 10 Refund of contributions m excess of allowance drawn by 175 17 10 208 10 7 gontnbutions 922 1 1 674 3 6 beneficiaries (not paid) 21 3 7 10 11 8 Contributions due by members in respect of casual service 28,367 17 2 20,558 1 5 Transfers to other funds authorized (not paid) .. .. -i d ' RailwaysInterest paid m advance •• 945 ig 4 1,280 5 3 On account of increased allowances to annuitants as provided 268 7 10 282 19 0 public 1 rust umce .. ■■ •• 4 000 0 0 6,000 0 0 for by Statutes Amendment Act, 1936 R A a t e3 1932r ntribUti0nS (Nati0nal Ex P en^iture Adjustment 40,046 5 4 41,125 19 0 On *™ount Xitonalallowmce to widows and children!'. 1,014 19 3 1,016 2 11 f&Hs.- — " :: :: :: SA'l «JS J B=2S»e?-ii- :: :: :: " 3:» j j ®& u *\ SS=BS.*-s. •»»« ».«• -' grsjsasi :: :: :: :: :: il t »S I 1,344,001 17 0 1,332,626 14 3 1,344,001 17 0 1,332,626 14 3

8.-r-1 [PT. IV].

RANGITAIKI LAND DRAINAGE SCHEME. Rate Account for the Year ended 31st March, 1939. D , Capital. Maintenance. Capital . Maintenance. , • . s - £ s. d. Cr. £ s d £ s H Balance as at Ist April, 1938 .. 10,016 211 .. Balance as at Ist April, 1938 .. 270 8 'i Rebate on 1937-38 and 1938-39 Rates struck for 1937-38 and SeCtl ° n 15 ' Finanoe „ «o, n r 1938 ~ 39 20,995 15 10 13,339 12 5 Act, 1938 .. .. .. 11,521 9 5 .. 10-per-cent. penalty on 1937-38 Remissions .. .. .. 112 10 0 71 6 0 rates .. .. .. 108 14 9 143 15 10 Interest on capital cost .. 4,500 0 0 .. Adjustment of Reserve Account Cost of maintenance .. .. .. 8,302 16 5 for repayment of capital .. 1 242 6 0 Balance as at 31st March, 1939 .. 409 8 3 8,147 6 3 Adjustment of overcharged interest for 1937-38 .. .. 4,212 14 0 Subsidy on maintenance costs .. .. 2,767 12 2 £26 » 55 9 10 7 £16,521 8 8 £26,559 10 ~7 £16,521 8 8 Revenue Account for the Year ended 31st March, 1939. Dr - £ s. d. Or £ d Losses written off .. .. .. .. 5,976 1 8 Accrued rent .. .. .. .. 177 14 1 Law-costs remitted .. 0150 Interest on capital cost recoverable by rates .. 4,500 0 0 Interest on 1 üblic Works Fund capital .. .. 19,566 14 9 Balance, transferred to Drainage Works Account 25 078 11 4 Adjustment of interest overcharged in Rate Account: Capital for 1937-38 .. .. 4,212 14 0 SMSM 5 5 £29,756 5 5 Receipts and Payments Account for the Year ended 31st March, 1939. Consolidated Consolidated Receipts. £ Payments. £"" IC 's d '• •• •• 13,226 1 4 Maintenance completed works .. .. 9 561 1 11 ®- ents 172 6 7 Refund rates ' 155 8 10 Law-costs .. . . .. .. . . 54 4 4 Transfer net receipts to Treasury Adjustment subsidy on maintenance costs .. .. .. 2,409 2 3 Account is 9A9 9in Sundries .. .. .. .. .. 2,495 17 2 " " " " Transfer of expenditure to Treasury Adjustment Account .. .". .. ... 9,561 1 11 £27,918 13 7 £27,918 13 7 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets Public Works Fund .. .. .. .. 489,168 12 7 Drainage works— ' £ s d Free capital from Employment Promotion Fund . . 890 19 0 Recoverable : Capital expenditure (section 11 Treasury Adjustment Account .. .. 280,338 5 6 Finance Act (No. 2), 1937) ' 205 000 0 0 Unpaid purchase-money for land taken .. 210 1 1 Not recoverable: Capital expenditure and Sundry creditors £ s. d. capitalized interest . . .. .. 538 697 ] 3 8 Departmental .. .. 892 11 5 Plant and machinery .. . . . . i 816 4<) Miscellaneous . . .. 408 1 0 Buildings .. . . .. .. _ | 11 g 1,300 12 5 Loose tools .. .. .. '510 13 q Rate Account Sundry goods .. . . I 192 '! 10 Capital .. .. .. 409 8 3 Sundry debtors— £ s , ( | Maintenance .. .. 8,147 6 3 Rates capital .. .. 15,307 13 11 1 8,556 14 6 Rates maintenance .. ..14 710 18 6 Writings-off in Suspense .. .. 5,976 12 1 Law-costs .. 529 10 6 Payments in advance— Rents .. .. 6 10 0 Rates .. .. .. 23 0 8 Miscellaneous .. .. 129 0 2 Law-costs .. .. .. 0 3 0 Departmental .. .. 15 5 6 23 3 8 « 1. • 30,698 18 7 Cash in transit from post-office .. .. 231 3 5 Expenditure from Employment Promotion Fund 890 19 0 Losses in Suspense .. .. .. .. g 976 12 1 £786,465 0 10 £786,465 0 10 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate and Revenue 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].—J. H. Fowler, Controller and Auditor-General.

52

B.—l [PT. IV],

REPATRIATION ACCOUNT. Interest Receivable Account foe Year ended 31st March, 1939. Dr. £ s. d Or. £ a. d. Interest on bills of sale, &c., overdue on 31st March, Interest collected during year ended 31st March, 1939 300 18 11 1938 .. .. .. .. .. 2,363 3 8 Interest written off during year ended 31st March, Interest charge to accounts for year ended 31st 1939 .. .. .. .. ..1,184 187 March, 1939 .. .. .. .. 80 11 1 Interest on bills of sale, &c., overdue on 31st March, 1939 .. .. .. .. .. 957 17 3 £2,443 14 9 £2,443 14 9 Balance-sheet as at 31st March, 1939. Liabilities. I Assets. Liability to Loans Redemption £ s. d. £ s. d. | Investment Account: Principal £ s. d. £ s. d. Account as at Ist April, I moneys owing on bills of 1925 .. .. .. 1,290,182 2 1 I sale, &c., on 31st March, Less net repayments to 31st 1939 .. .. .. 76,443 810 March, 1938 .. .. 206,032 2 6 Less Suspense Adjustment .. 145 12 4 — 76,297 16 6 1,084,149 19 7 Writings off in Suspense— Less net repayments for year Principal .. .. .. 30,120 1 8 ended 31st March, 1939 .. 7,222 6 0 Interest .. .. .. 908 14 4 1,076,927 13 7 — 31,028 16 0 Less expenditure irrecover- Interest on bills of sale, &c., overdue on 31st able to 31st March, 1938 .. 946,475 18 10 March, 1939 .. .. .. .. 957 17 3 Losses on realization for year ended 31st March, 1939 .. 24,033 16 7 — 970,509 15 5 Liability to Loans Redemption Account as at 31st March, 1939.. .. .. .. 106,417 18 2 Interest on advances from War Expenses Account overdue on 31st March, 1939 .. .. 1,866 11 7 £108,284 9 9 £108,284 9 9 A. R. F. Mackay, M.Com., Ph.D., Accountant to the Treasury. I hereby certify that the balance-sheet has been duly examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby. —J. H. Fowler, Controller and Auditor-General.

53

B.—l [PT. IV],

RESERVE BANK OF NEW ZEALAND. Profit and Loss Account foe Yeas ended 31st March, 1939. Dr. £ S. d. Cr. £ s. d. General charges, including salaries, rent, Balance of profit after making provision cost of note-issue, and other expenses 108,902 7 6 for rebate on Treasury bills not 3?et Balance, being profit for year .. .. 250,285 10 4 due, and for sundry liabilities and contingencies .. .. .. 359,187 17 10 £359,187 17 10 £359,187 17 10 Profit and Loss Appropriation Account. Dr. £ s. d. Gr. £ s. d. Payments to New Zealand Government Balance at Ist April, 1938 .. .. 195,811 3 7 in terms of section 36 of Reserve Bank Balance from Profit and Loss Account .. 250,285 10 4 of New Zealand Act, 1933 .. .. 195,811 3 7 Balance .. .. .. .. 250,285 10 4 £446,096 13 11 £446,096 13 11 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. General Reserve Fund .. .. 1,500,000 0 0 Gold (at face value) .. .. 2,801,791 0 0 Bank-notes .. .. .. 15,246,970 10 0 Sterling exchange .. .. 4,663,051 6 7 Demand liabilities — Subsidiary coin .. .. .. 226,271 6 1 (а) State .. .. .. 4,386,770 2 5 Advances — (б) Banks .. .. .. 8,350,113 9 3 To the State or State undertakings — (c) Other .. .. .. 902,256 19 11 (1) Primary Products Marketing Liabilities in currencies other than Department .. .. 7,235,461 15 2 New Zealand currency .. .. 26,220 12 4 (2) For other purposes .. 12,225,000 0 0 Other accounts .. .. .. 304,583 17 7 Investments .. .. .. 3,689,904 19 2 Profit and Loss Appropriation Account 250,285 10 4 Other assets .. .. .. 125,720 14 10 N.B. —Holdings of sterling have been converted into New Zealand currency at the rate of £100 sterling equals £124 (N.Z.). £30,967,201 1 10 £30,967,201 1 10 L. Lefeaux, Governor. W. L. Ward, Deputy Governor. W. R. Eggers, Deputy Chief Accountant. Auditors' Certificate and Report.—We have audited the balance-sheet as at 31st March, 1939, above set forth, and have obtained all the information and explanations we have required. We have accepted the certificate of the Bank of England as to assets held on account of the Reserve Bank of New Zealand. In our opinion the balance-sheet is properly drawn up so as to exhibit a true and correct view of the state of the affairs of the Bank as at 31st March, 1939, according to the best of our information and the explanations given to us and as shown by the books of the Bank. ?' L*' Griffin° N /'^' u^c Accountants, Auditors.

54

B.—l [PT. IV].

STATE ADVANCES CORPORATION OF NEW ZEALAND. Revenue Accounts toe Year ended 31st March, 1939. Interest Account. Dr. £ s. d. Cr. £ s. d. £ s. d. Interest on stock debentures.. .. ..1.435,747 12 3 Interest on mortgages, current Gross income transferred to Profit- and Loss Ac- accounts, and local-body count .. .. .. 819,071 12 11 securities .. .. 2,388,460 14 9 Less transferred to General Reserve Fund .. .. 138,358 1 3 2,250,102 13 6 ■ Rentals : Properties acquired 4,402 14 1 ! Less miscellaneous expenses thereon .. .. 2,210 0 4 2,19:2 13 9 Interest on temporary investments and sundries 2,523 17 11 £2,254,819 5 2 £2,254,819 5 2 Profit and Loss Account. Dr. £ s. d. Or. £ s. d. Management expenses (all inclusive) .. .. 252,337 15 2 Gross income transferred from Interest Account 819,071 12 11 Reserve for losses .. .. .. •• 25,157 5 7 Contingent Liability Account: Amount transferred under section 3, State Advances Corporation Amendment Act, 1935 .. .. 15,000 0 0 Net income transferred to Appropriation Account 526,576 12 2 £819,071 12 11 £819,071 12 11 Profit and Loss Appropriation Account. Dr. £ s. d. Cr. £ s. d. Investment Fluctuation Reserve .. .. 60,000 0 0 Balance (transfer from Income-tax Reserve) !,234 7 6 Balance, profits payable to Treasury .. .. 467,810 19 8 Net income, transferred fron> Profit and Loss Account .. .. .. .. • 526,576 12 2 £527,810 19 8 £527,810 19 8 Balance-sheet as at 31st March, 1939. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Authorized capital .. .. •• 1,000,000 0 0 Mortgages and accrued inStock and debentures .. 44,521,490 0 0 terest .. .. .. .. 51,337,122 1.3 2 Accrued interest .. 249,367 19 3 Securities in course of realiza44,770,857 19 3 tion .. .. .. 523,148 19 4 Contingent liability to the Losses chargeable to conCrown .. •• 10,148,214 0 0 tingent liability when Reserves defined .. . . 38,053 5 9 General Reserve .. 3,537,437 15 7 - — 561,202 5 1 Reserve for losses on in- Advances on Current Account and accrued investments .. .. 60,000 0 0 terest .. .. .. . . .. 158,334 1 2 Investment Fluctuation Government and local-body securities and Reserve .. 120,000 0 0 accrued interest .. .. .. 6,213,200 11 8 3,717,437 15 7 Fixed assets at cost, less provision for depreciaSundry creditors .. .. •• •• 31,340 1 1 tion: Office furniture, equipment, and motorLiability to the Crown — vehicles .. .. .. .. 45,161 6 1 Surplus for year .. 467,810 19 8 Current assets— £ s. d. Interest payable on State's Sundry debtors . . . . 30, 828 3 7 contribution to General Temporary investment .. 300,000 0 0 Reserve . . .. 110,229 19 4 Lodgments in transit, cash 578,040 19 0 in bank, and on hand .. 1,000,041 14 2 1,330,869 17 9 £60,245,890 14 11 £60,245,890 14 11 R. Robertson, Chief Accountant. A. D. Park, F.1.A.N.Z., F.R.A.N.Z.\™ . T)j rec + ors T. N. Smallwood Managing Directors. Auditors' Report. In accordance with the provisions of the State Advances Corporation Act, 1936, we report that we have obtained all the information and explanations we have required in respect of the accounts of the Corporation examined by us, and in respect of the above balance-sheet, which in our opinion is properly drawn up so as to exhibit a true and correct view of the state of the Corporation's afiairs according to the best of our information and the explanations given to us, and as shown by the books of the Corporation. L. H. Heslop, Public Accountant \ . R. C. Burgess, Public Accountant J 1 11 1 ors -

55

B.—l [PT. IV],

HOUSING ACCOUNT. SECTIONALIZED REVENUE ACCOUNT FOR YEAR ENDED 31st MARCH, 1939. (A) Properties sold under Agreement for Sale and Purchase prior to 31st March, 1937. Dr ' £ 3 • d - Or. f d Interest Account .. .. .. .. 4,828 5 0 Interest on purchase-money .. 6 133 8 7 Management expenses 334 9 8 Transfer to Profit and Loss Account .. " 1'4 55 0 6 Losses written off .. .. .. 2,425 14 5 " £7 ' 588 9 1 £7,588 9 1 (B) Advances to Local Bodies. t i P r ' £ s - Or. £ s (j Interest Account .. .. .. 2,511 19 6 Interest on Advances .. 5 579 3 7 Management expenses .. .. .. 304 5 5 -~««« Transfer to Profit and Loss Account .. .. 2,762 18 8 £5,579 3 7 £5,579 3 7 (C) Advances under Part 111, Housing Act, 1919. £ s. d. Cr. £ s. d Interest Account .. .. .. .. 73 4 0 Interest on advances .. 160 19 4 Management expenses ...... 8 15 7 Transfer to Profit and Loss Account .. . . 78 19 9 £16 ° 19 4 £160 19 4 (D) Rented Properties (Old) erected prior to 31st March, 1937. Dr. £ s. d. Cr. £ s d Interest Account .. .. .. .. 17,489 10 8 Rents .. .. ' 35 784 14 0 Insurance and maintenance .. .. .. 13,692 18 3 Transfer to Profit and Loss Account " 20'900 5 0 Rates .. .. .. .. .. 6,800 17 2 ' Depreciation.. .. .. .. .. 16,750 0 0 Management expenses .. .. .. 1,9511211 £56,684 19 0 £56,684 19 0

56

B. —1 [PT. IV].

HOUSING ACCOUNT —continued. SECTIONALIZED REVENUE ACCOUNTS —continued. (E) Rented Properties (New) erected under New Housing Scheme. Dr. £ s. d. Or. £ s- d - Interest Account .. .. .. .. 25,697 910 Rents .. .. .. .. •• 104,072 210 Depreciation Reserve.. .. .. .. 17,131 64 Maintenance Reserve.. .. .. .. 17,131 6 4 Rates Reserve .. .. .. .. 22,270 7 11 Insurance Fund .. .. .. .. Q, 424 7 5 Vacant Tenancies Reserve .. .. .. 4,856 7 7 Management expenses .. •• •• 10,27834 Transfer to Profit and Loss Account .. .. 282 14 1 £104,072 2 10 £104,072 2 10 (F) Factories and Plant Revenue Account. Dr. £ s. d. Or. £ s. d. Interest Account .. .. •• .. 589 5 6 Lease .. .. .. .. •• 6,000 0 0 Rates .. .. • • • • • • 303 3 10 Rent .. .. .. • ■ • • 533 0 0 Depreciation— £ s. d. Factories .. .. .. 1,419 0 1 Plant 1,975 10 7 3,394 10 8 Insurance Fund .. .. .. .. 1,180 0 0 £6,000 0 0 £6,000 0 0 Interest Adjustment Account for Year ended 31st March, 1939. Dr. £ s. d. Cr. Interest on loan liability .. .. .. 69,590 15 10 Recouped from Revenue Accounts— £ s. d. (а) Properties sold under agreements for sale and purchase .. .. .. 4, 828 5 0 (б) Advances to local bodies .. .. 2,511 19 6 (c) Advances under Part 111, Housing Act, 1919 73 4 0 £ s. d. (d) Rented properties (old) .. 17,489 10 8 (e) Rented properties (new) .. 25,697 910 — 43,187 0 6 (/) Factories and plant .. .. 589 5 6 Interest during construction — Preliminary expenses .. .. 23 0 0 Land .. .. .. 4,648 0 0 Dwelling construction . . .. 10,665 0 0 15,336 0 0 Profit and loss .. .. .. .. 3,065 .1 4 £69,590 15 10 £69,590 15 10 Profit and Loss Reconciliation Account for Year ended 31st March, 1939. Dr. £ s. d. Cr. £ s. d. Interest Account .. .. .. •• 3,065 1 4 Revenue AccountRevenue Accounts — Local authorities .. .. .. .. 2,762 18 8 Properties sold under agreements for sale and Part 111 .. .. .. . . ■ • 78 19 9 purchase .. .. .. •• 1,455 0 6 Rented properties (new) ... .. .. 282 14 1 Rented properties (erected prior to 31st March, 1937) 20,900 5 0 Balance, loss for year .. .. .. 22,295 14 4 £25,420 6 10 £25,420 6 10 £ s. d. £ s. d. Balance as at 3.lst March, 1938 .. .. 73,397 5 0 Balance as at 31st March, 1939 .. .. 95,692 19 4 Loss for the year .. .. .. .. 22,295 14 4 £95,692 19 4 . £95,692 19 4 £ s. d. Balance £95,692 19 4

B—B,8 —B, 1 [FT, IV],

57

B.—l [PT. IV].

HOUSING ACCOUNT—continued. Factories and Plant Capital Account as at 31st March, 1939. lactones— £ s. d. £ s . d. £ s. d. | „ , Auckland .. 13,467 8 2 Balatire £ s " d ' Less depreciation 668 16 4 ••••••.... 44,931 18 4 12,798 11 10 Wellington .. 15,103 15 4 Less depreciation 750 3 9 14,353 11 7 „ 27,152 3 5 Plant— Auckland ..10,115 8 1 Less depreciation 1,011 10 10 9,103 17 3 Wellington .. 9,639 17 5 Less depreciation 963 19 9 8,675 17 8 17,779 14 11 £44,931 18 4 £44,931 18 4 „ . £ s. d. Balance .. .. .. .. .. 44,931 ig 4 Construction Branch : Construction Expenses Account as at 31st March, 1939. c ° ns * ruct i on 14,871 14 °3 Transfer to factories and plant— £ fcd- :: :: :: !;S3£ SSStrr** I—■-*1—■-* ■■ Audit fees .. .. .. .. ..1 000 0 0 iOi(,9t>o 8 5 Depreciation (furniture and motor-cars) .. '804 2 5 Light, heating, and cleaning .. .. . . 940 4 g Plans and schedules .. .. .. .. 15 512 411 Quantity surveying .. .. .. .. 12 11 Valuation fees .. . . .. .. 229 14 0 ( Postages and telegrams .. .. .. gg4 13 1 Printing and stationery . . .. 3 048 13 11 Office maintenance .. .. .. .. 649 9 7 Motor-vehicle maintenance .. .. .. 1,027 14 6 ent •• •• •• - • .. 3,'462 18 5 Salaries .. .. .. .. .. 90,820 4 3 Telephones .. .. .. .. # . 737 5 7 Travelling-expenses .. .. .. 7 oiO 8 3 Workers' compensation insurance .. .. 1,407 19 0 Administration costs payable to State Advances Corporation .. .. .. .. 12,447 12 10 Contingencies .. .. .. .. 575 13 0 £164,712 8 5 £164,712 8 5 £ s. d. " ~ Balance .. .. .. .. .. 163,966 8 5 t Revenue Account for Year ended 31st March, 1939. ,£ g d p '• 69 ' 590 10 Merest and rentals on investments 151 f 3 O Bdi £ S ' d Gross profit, transferred to Profit and Loss Account 13,501 2 5 Less reserves for depreciation, maintenance, rates, vacant tenancies, and insurance .. 84,563 15 7 T . . v , 67,166 12 9 Interest capitalized— *fnd •• 4,648 0 0 Dwellings in course of erection .. 10,665 0 0 Preliminary expenses .. .. 23 0 0 Factory and Plant Revenue Account .. .. 589 5 g £83 ' 091 18 3 £83,091 18 3

58

B.—l [PT. IV].

HOUSING ACCOUNT—continued. Profit and Loss Account for Year ended 31st March, 1939. £ s. d. £ s. d. Management and administration .. .. 12,877 611 Gross profit from Interest Account .. .. 13,501 2 5 Losses written off .. .. .. .. 2,425 14 5 Balance, loss for the year .. .. .. 22,295 14 4 Insurance and maintenance .. .. .. 13,692 18 3 Rates .. .. .. .. .. 6,800 17 2 £35,796 16 9 £35,796 16 9 £ s. d. £ s. d. Balance as at 31st March, 1938 .. .. 73,397 5 0 Balance, Ist April, 1939 .. .. .. 95,692 19 4 Loss for the year .. .. .. .. 22,295 14 4 £95,692 19 4 £95,692 19 4 — £ s. d. Balance, Ist April, 1939 .. .. .. 95,692 19 4 Statement of Assets and Liabilities as at 31st March, 1939. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Loan liability .. .. . . 6,458,945 0 0 Principal owing under agreements Interest overdue and unpaid to for sale and purchase .. 125,399 14 4 Treasury .. .. 72,284 19 2 Advances to local authorities .. 302,173 19 2 Add interest accrued .. 7,762 13 4 Advances under Part 111, Housing — Act, 1919.. .. .. 7,093 12 10 80,047 12 6 434,667 6 4 Less interest on Treasury bills Instalments of principal overdue .. .. 8,476 8 8 paid in advance .. .. 15,563 14 1 64,483 18 5 443,143 15 0 Liability to Consolidated Fund in terms of Sec- Dwellings let (old) .. .. .. .. 479,769 19 5 tion 22, Finance Act, 1926 .. .. 100 0 0 Freehold land .. .. .. .. 922,130 3 11 Sundry creditors — £ s. d. Dwellings in course of erection or completed Deposits on contracts .. 31,548 4 1 under new housing scheme .. .. 4,354,110 2 4 Tenancy deposits .. .. 2,924 0 0 Factories and Plant Capital Account .. .. 44,931 18 4* Rent paid in advance .. 1,736 4 1 Motor-vehicles .. .. .. .. 2,085 6 5 Miscellaneous .. .. 13,974 3 7 Furniture and equipment .. .. .. 3,457 16 2 50,182 11 9 Construction Branch preliminary expenses .. 163,966 8 5* Insurance Fund .. .. .. .. 19,210 6 1 Sinking Fund investment held by Public Debt Sinking Fund Reserve .. .. .. 2,079 7 2 Redemption Fund .. .. .. 5,434 7 Of Reserves on dwellings completed under new Insurance Fund investment (Government stock) 9,750 0 0 housing scheme .. .. .. .. 59,477 9 7 Sundry debtors— £ s. d. Labour subsidy .. .. 12,409 12 0 Miscellaneous .. .. 5,341 9 2 17,751 1 2 Interest receivable— Overdue .. .. .. 7,881 15 7 Accrued .. .. .. 595 6 10 8,477 2 5 Rentals receivable- — Overdue .. .. .. 6,069 10 7 Accrued .. .. .. 2,691 19 10 Postponed .. .. 1,255 3 7 10,016 14 0 Insurance premiums— Receivable (overdue) .. ' 214 4 5 Payable (paid in advance) .. 592 8 4 806 12 9 Realization Suspense Account .. .. 2,938 7 1 Profit and Loss Account .. .. 95,692 19 4 Cash in bank .. .. .. 90,015 19 3 £6,654,478 13 0 £6,654,478 13 0 * Analysed statements are annexed. t This amount includes the sum of £3,354 19s. lOd. paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. R. Robertson, Chief Accountant. A. D. Park, F.1.A.N.Z., F.R.A.N.Z.\, ~ M . Tv , T. N. Smallwood / Jomt Ma ™g ln g Directors. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby.— J. H. Fowler, Controller and Auditor-General.

59

B.—l [PT. IV],

NEW ZEALAND STATE COAL-MINES. Colliery Sales Accounts for the Year ended 31st March, 1939.

Colliery Working Accounts for the Year ended 31st March, 1939.

Colliery Profit and Loss Accounts for the Year ended 31st March, 1939.

60

Dr. Liverpool. James. Or. Livbbpool. James. £ s. d. £ 8. d. £ s d £ s d Railway haulage .. .. 10,351 18 11 2,927 3 2 Sales of coal f.o.r., c.i.f., and Wharfage 2,241 11 5 803 4 9 f.o.b 165,423 1 10 49,579 4 3 Special rate .. .. 640 9 0 230 18 6 Marine freight .. .. 35,187 10 10 11,266 10 1 48,421 10 2 15,227 16 6 Working Account: Coal sales net f.o.r. .. .. 117,001 11 8 34,351 7 9 £165,423 1 10 £49,579 4 3 £49,579 4 3

Or. Liverpool. James. j Cr. ! Liverpool. James. [I | £ s. d. £ s. d. £ s d £ s d Stocks on hand, 1st April, 1938 3,200 6 2 833 18 0 Sales Account: Sales of coal 117,001 li 8 34 351 7 9 Coal-winning— f.o.r. .... Wages .. .. .. 85 : 973 2 7 26,813 1 6 Sales of power .. .. 66 5 0 Stores and materials .. 8,363 11 0 1,191 11 4 Stocks on hand at 31st March, Rail and bus fares .. .. 585 0 7 318 12 11 1939, at mine, wharf, and Coal purchased .. .. 71 2 3 144 15 10 afloat, as per Stock Account 1,799 11 9 751 19 10 Electric power .. .. .. 326 13 8 Surplus in bin stocks ... 804 3 4 98,193 2 7 29,628 13 3 Gross profit: To Profit and Loss Account .. .. .. 21,478 9 2 5,474 14 4 £119,671 II 9 £35,103 7 7 £119,671 11 9 £35,103 7 7

| | , | ; • I I Dr. j Liverpool. Jambs. | Or. j Liverpool. James. _ , . £ s. d. £ s. d. £ s. d. £ s. d. Salaries .. .. .. 2,575 17 0 831 18 5 Gross profit at mine .. .. 21,478 9 2 5,474 14 4 Rents .. . . .. .. 64 1 1 Rents .. .. . . 419 2 5 Interest .. .. .. 2,674 18 10 300 19 6 Net loss : Transferred to Genera] Travelling-expenses .. .. 127 11 7 31 17 11 Profit and Loss Account . . .. 699 17 4 Printing and stationery .. 120 8 8 30 2 2 Repairs and maintenance .. 4,336 1 7 1.983 6 6 Telegrams and postages .. 341 15 6 82 18 10 1Insurance .. .. .. ,4,694 5 6 1,462 10 9 Coal-miners' Relief Fund .. 284 7 9 76 3 8 General expenses .. .. 706 19 1 169 0 1 Audit fees .. .. .. 103 7 7 25 16 10 Superannuation Fund subsidy 48 4 9 12 1 2 Depreciation .. .. 4,423 0 10 995 2 2 Rescue-station levy .. .. 412 5 4 108 12 7 20,849 4 0 6,174 11 8 Net profit : Transferred to General Profit and Loss Account .. .. .. 1,048 7 7 £21,897 11 7 £6,174 11 8 ~£2]L897 11 7 £6,174 11 ~8 McDonald Colliery Profit and Loss Account for the Year ended 31st March, 1939. Dr. £ s. d. Gr. £ s . d . Interest .. .. .. .. 1,879 6 6 Rents .. .. ., .. .. 200 5 0 Depreciation .. .. .. .. .. 1,230 15 3 Royalties .. .. .. .. .. 5,091 16 8 Access road .. .. .. .. .. 748 3 11 Travelling-expenses .. .. .. .. 8 6 0 Net profit: Transferred to General Profit and Loss Account .. .. .. .. 1,425 10 0 £5,292 1 8 £5,292 1 8

B.—l [PT. IV].

Depot Profit and Loss Accounts for the Year ended 31st March, 1939.

NEW ZEALAND STATE COAL-MINES— continued. Depot Trading Accounts for the Year ended 31st March, 1939.

61

* i i ~~ i i i Dr. Wellington. Christchtjrch. | Wanqanui. Or. Wellington. ; Christcjhuroh. j Wanganui. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. : Yard .. .. .. 1,171 2 4 1,638 15 0 •• Trading Accounts: Gross profit .. 8,581 19 4 8,067 7 3 Salaries .. .. .. .. 1,611 17 2 1,390 0 6 . . Rents .. .. .. .. •• •• 29 0 0 Rents . . •. • • • • 388 16 0 123 12 0 • • Net loss: To General Profit and Loss Interest !.. .. .. 273 4 7 115 11 2 ... Account.. .. .. .. .. •• 15 12 1 Travelling-expenses .. .. • • 128 1 5 79 11 9 Repairs and maintenance .. . • 371 13 0 408 12 4 22 12 9 Postages and telegrams .. . . 118 0 7 116 111 Printing and stationery .. . . 106 2 5 87 6 6 Insurance .. • • • • • • 36 1 0 40 16 9 2 9 6 Cartage .. •. • • • • 2,562 3 11 2,385 17 4 Sacks 158 14 4 139 3 5 General expenses .. •« • • 696 8 8 326 15 4 Audit fees .. • • • • • • 85 7 9 43 1 9 Superannuation Fund subsidy .. 12121 13132 Reserve for bad debts • • • • 94 16 2 27 1 4 Rates .. • • • • • • 13 12 9 Depreciation .. • • • • 336 13 7 206 3 11 19 9 10 Net profit: To General Profit and Loss Account .. . • • • • • 416 11 7 925 3 1 £8,581 19 4 £8,067 7 3 £44 12 1 £8,581 19 4 £8,067 7 3 £44 12 1

Dr. Wellington. Christchurch. Cr. Wellington. Christohtjroh. £ s. d. £ s. d. £ s. d. £ s. d. Stocks on hand, 1st April, 1938 3,367 0 4 10,525 1 7 Sales of coal . . • . 127,652 19 5 72,622 8 5 Purchases of coal .. .. 117,066 12 6 44,791 9 3 Sales of coke, wood, &c. .. 6,110 19 5 2,881 6 9 Purchases of wood, coke, &c. .. 4,954 2 7 2,426 15 9 Stocks on hand at 31st March, Wharfage and freights .. 2,105 5 2 3 1 7 1939 — Haulage to depot .. • • 793 2 3 19,754 2 4 Coal .. • • • • 3,054 17 7 9,432 0 1 Wages: Discharging .. 180 13 5 435 9 8 Wood, coke, &c. .. .. 229 19 2 1,067 12 2 Gross profit: To Profit and Loss Account .. •• 8,581 19 4 8,067 7 3 £137,048 15 7 £86,003 7 5 £137,048 15 7 £86,003 7 5

B.—l [PT. IV].

NEW ZEALAND STATE COAL MlNES—continued. General Profit and Loss Account for the Year ended 31st March, 1939. ».«-T m 1 Net profit— • - A James Colliery .. 699 17 4 Liverpool Colliery .. .. 1 048 7 7 Wanganui Depot .. .. 15 12 1 Mac Donald Colliery .. .. 10 0 r, ~r . , 715 9 5 Wellington Depot .. .. '416 11 7 RunangaWater-supply scheme .. .. 1,000 0 0 Christchurch Depot .. . 925 3 1 -Balance: Net profit for year carried down .. 13,313 111 „ Q1 _ at j • OfO.LDtJiO JNet recoveries— Seddonville Colliery .. .. 88 6 1 Royalties .. .. 4,587 3 9 Stores sales .. .. 224 14 6 at . , , . 4,900 4 4 l\et revenue from hire of plant, buildings, &c. . . 128 12 6 Interest on investments .. .. .. 6 184 2 3 £15,028 11 4 £15,028 11 4 Sinking Fund Account for redemption of loan S ' d ' Net profit for year .. , A,o S ,' f, capital 11,766 13 8 ' SU 111 Balance : Net surplus for year .. ... l, 546 8 3 £13,313 1 11 £13,313 1 11

62

B.—l [PT. IV].

NEW ZEALAND STATE COAL-MINES— continued. Statement of Colliery Property Accounts as at 31st March, 1939.

63

Liverpool. Jambs. .MacDonald. Stbongmah. L'otalb. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d, £ s. d. Development and Property Account — Balance at 1st April, 1938 .. .. .. 36,223 3 0 1,545 17 6 46,603 18 9 59,283 3 6 Additions during year .. .. .. .. 1,910 0 0 .. .. 44,249 0 1 38,133 3 0 103,532 3 7 Ordinary depreciation .. .. .. 1,342 10 5 .. 1,230 15 3 36,790 12 7 Less provisionally written off ...... 36,790 12 7 1,545 17 6 45,373 3 6 103,532 3 7 187,241 17 2 Ejectrical Plant Account — Balance at 1st April, 1938 .. .. .. .. 2,626 15 2 Depreciation .. . . .. .. .. 334 19 9 .. 2,291 15 5 .. .. 2,291 15 5 Machinery, Plant, Ropes, and Rolling-stock — Balance at 1st April, 1938 .. .. .. 22,910 7 4 2,790 11 7 .. 15,377 10 11 Additions during year .. .. .. .. 2,350 5 2 271 17 9 .. 8,966 16 0 25,260 12 6 3,062 9 4 .. 24,344 6 11 Sales .......... 38 7 9 25,222 4 9 Transfer to other accounts .. .. .. .. 176 13 10 .. 66 2 9 25,222 4 9 2,885 15 6 24,278 4 2 Depreciation .. .. .. 2,479 9 11 550 12 9 22,742 14 10 2,335 2 9 Less provisionally written off ...... 31 0 0 22,711 14 10 2,335 2 9 .. 24,278 4 2 49,325 1 9 Buildings at mine — Balance at 1st April, 1938 .. .. .. 5,151 7 1 726 12 5 .. 3,694 14 11 Additions during year .. .. .. .. 129 172 .. .. 4,962 2 1 5,281 4 3 726 12 5 8,656 17 0 Less depreciation .. .. .. .. 367 13 6 110 4 8 4,913 10 9 616 7 9 Less provisionally written off ...... 3 15 0 — 4,909 15 9 616 7 9 .. 8,656 17 0 14,183 0 6 Carried forward .. . . .. £64,412 3 2 £6,789 3 5 £45,373 3 6 £136,467 4 9 £253,041 14 10

NEW ZEALAND STATE COAL-MINES-continued. Statment of Colliery Property Accounts as at 31st March, 1939-continued.

Statement of Depot Property Accounts as at 31st March, 1939.

B.—l [PT. IV].

64

Liverpool. James. MacDonald. Strongman. Totals. xj i , f A — s * s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s d £ s d -P <3 H «M» 3 ♦."» « « «,»'» 3 6 ,3«f«7 'i % -J, Ml H io Balance at 1st April, 1938 .. .. .. 3,062 0 3 Additions during year .. .. .. .. 770 0 8 " 3,832 0 11 Less depreciation .. .. .. 211114 —— —— 3 > 62( > 9 7 — — .. I ... _ Plantation at mine — " 3,620 9 7 Balance at 1st April, 1938 .. .. .. 167 10 5 716 15 a Less recoveries .. .. .. ... 142 16 3 .. 62 17 11 Coal (stock on hand at mine, wharf, and afloat) .. . .. 2,603 15 1 .. 75i'l9 10 653 17 4 , '' 9 " « stores (stock on hand) .. .. .. .. 58 862 13 8 '* 9 6 Less provisionally written off .. .. .. 68 0 1 58 ,794 13 7 " ■■ ■■ 1 .. 58,794 13 7 £129,455 15 7 £7,541 3 3 £46,027 0 10 £136,843 18 4 £319,867 18 0

Wellington. Chbistchukch. Wanganui. Totals. Depot Property Account — £ « d a ri e j Balance at 1st April, 1938 6,292 13 0 ' 2,908 9 6 S ' ' 104 5 11 £ s - d - £ s. d. Additions during year .. .. .. .. .. .. 1,475 6 10 8 3 18 6 a , 7,767 19 10 2,992 8 0 Sales .. . . .. .. . . . . .. 15 0 0 39 10 0 T , . .. 7,752 19 10 2,952 18 0 Less depreciation .. . . . . 336 13 7 206 3 11 19 9 10 t u a 7,416 6 3 2.746 14 1 S4 16 T Less_provisiona]]y written off .. .. ... .. 01 1D 1 Stocks and stores on hand .. .. .. .. 3,677 5 7 > 16 6 3 2,746 14 1 . 84 jg j 10,247 16 5 Less provisionally written off .. .. .. .. 245 16 10 l'225 13 2 7 3,431 8 9 ' - 10,569 6 4 .. 1 4 >000 15 2 £10 ' 847 15 0 £13-316 0 5 £84 16 1 |" £24,248 11 6

B.—l [PT. IV],

NEW ZEALAND STATE COAL-MINES —continued. Statement of Eeceipts and Payments for the Year ended 31st March, 1939. Receipts. Payments. £ s. d. £ s. d. James Colliery— £ s. d. £ s. d. Cash in Public Account at Ist Wages .. .. .. 26,760 13 6 April, 1938 .. .. .. 11,956 5 2 Special rate .. .. .. 208 16 0 Proceeds sale of coal, &c. .. 273,087 4 5 Coal purchased .. .. 27 2 3 Recoveries, refunds, &c. .. 1,981 16 2 Subsidized bus fares .. 316 11 1 Royalties .. .. .. 10,00.5 18 10 Electric power .. .. 312 4 4 285,074 19 5 27,625 7 2 Interest .. .. .. .. .. 31 11 10 Liverpool Colliery— Capital raised .. .. .. .. 95,000 0 0 Cottages .. .. 760 5 6 Dishonoured cheques recredited .. .. 29 6 10 Wages .. .. .. 85,602 0 10 Repayment of housing loans .. .. .. 1,639 9 8 Special rate .. .. .. 578 8 6 Railway tickets .. .. 1,763 16 6 Coal purchased .. .. 75 10 6 Buildings .. .. .. 42 19 10 88,823 1 8 Development of new mine, Ninemile area .. .. .. .. 37,437 2 5 Housing loans .. .. .. .. 5,309 3 5 Plant and stores .. .. .. 76,003 19 4 Mac Donald Colliery Account .. .. 863 4 7 Wellington Depot Account .. .. 20,151 17 0 Christchurch Depot Account .. .. 28,462 14 1 Wanganui Depot Account .. .. 45 2 3 Coal purchased on account of depots (Suspense Account) .. .. 1,006 10 7 Cargo adjustments (co-operative coal) .. .. .. .. 2 14 6 Superannuation Fund subsidy .. 99 7 2 Management and office salaries .. 6,447 0 11 Interest .. .. 2,964 8 2 Travelling-expenses .. .. 166 14 9 Printing and stationery .. 198 16 3 Repairs and maintenance .. 3,532 12 0 Wharfage .. .. .. 2,750 5 8 Railway haulage .. .. 13,124 19 2 Marine freights .. .. 45,104 13 3 Postages and telegrams .. .. 409 11 7 Insurance .. .. .. 54 19 11 Rents .. .. ... 88 12 4 Compensation .. .. .. 8,314 17 10 Coal-miners' Relief Fund .. 338 8 11 General expenses .. .. 4,046 0 6 Sinking Fund instalment .. 11,766 13 8 Audit fees .. .. .. 215 0 0 Cheques dishonoured .. .. 29 610 Rescue-station levy .. .. 520 17 11 Boring and prospecting .. .. 202 22 100,375 9 0 Cash in Public Account at 31st March, 1939 .. 7,625 61] £393,731 12 11 £393,731 12 11 • „

9—B. 1 [PT. IV].

65

B.—l [PT. IV].

NEW ZEALAND STATE COAL MINES— -continued. Balance-sheet as at 31st March, 1939. Liabilities. Assets. Loan capital— £ s. d. £ s. d. Collieries. £s. d. £ s. d. Securities at 3 per cent. .. .. .. .. .. 95,000 0 0 Development and property accounts .. .. .. 187,241 17 2 Securities at 3| per cent. .. .. .. .. .. 416 13 4 Machinery, plant, ropes, and rolling-stock .. .. .. 49,411 7 11 Securities at 4 per cent. .. .. .. .. .. 59,301 13 4 Electric plant (James Colliery) .. .. .. .. 2,291 15 5 154,718 6 8 Buildings at mines .. .. .. .. .. 14,186 15 6 Accrued interest on loan capital .. .. .. .. •• 1,047 13 5 Cottages at mines .. .. .. .. .. 3,620 9 7 Departmental. Sundry. Plantations at mines .. .. .. .. .. 678 11 6 Sundry creditors— £ s. d. £ s. d. Coal stocks (bins, wharf, and afloat) .. .. .. 3,732 8 6 Liverpool Colliery .. .. 3,460 19 8 13,822 8 10 17,283 8 6 Stores on hand .. .. .. .. .. .. 58,862 13 8 James Colliery .. .. .. 621 10 8 2,113 7 2 2,734 17 10 Wellington Depot .. .. 347 5 2 571 0 6 918 5 8 320,025 19 3 Christchurch Depot .. .. 5,353 4 1 246 16 9 5,600 0 10 Less provisionally written off .. .. .. .. 158 1 3 Wanganui Depot.. .. .. .. 6 10 0 6 10 0 319,867 18 0 Strongman Colliery .. .. 131 2 4 1,216 15 11 1,347 18 3 Prospecting on State Coal Reserve .. .. .. .. .. 426 14 3 Plant, equipment, &c., on hire .. .. .. .. .. 706 13 4 9,914 1 11 17,976 19 2 27,891 1 1 DepotsDeposits on contracts .. .. .. .. •• 1,110 0 0 Property Accounts .. .. .. .. .. 10,267 15 6 Sinking Fund .. .. .. .. .. .. .. 11,767 3 8 Stocks and stores on hand.. .. .. .. .. 15,472 5 1 Reserves General Reserve .. .. .. -. .. .. 220,107 5 5 25,740 0 7 Bad Debts Reserve .. .. .. .. .. 1,240 3 9 Less provisionally written off .. .. .. .. 1,491 9 ] Accident Insurance Reserve .. .. .. .. 8,066 6 4 24,248 11 6 229,413 15 6 Sinking Fund investments .. .. .. .. .. .. 11,767 3 8 General Profit and Loss Account: Net surplus for year .. .. .. .. 1,546 8 3 Housing advances to workmen .. .. .. .. 11,540 7 8 Interest accrued due .. .. .. .. .. 138 19 7 11,679 7 3 Departmental. Sundry. Sundry debtors— £ s. d. £ s. d. Liverpool Colliery .. .. 77 7 8 4,794 17 8 4,872 5 4 James Colliery .. .. .. 24 10 0 12 1 11 36 11 11 Mac Donald Colliery .. .. .. 1,123 14 1 1,123 14 1 Wellington Depot .. .. 1,572 18 8 35,627 9 6 37,200 8 2 Christchurch Depot .. .. 169 14 1 6,187 13 1 6,357 7 2 Strongman Colliery .. .. 11 6 10 468 5 9 479 12 7 1,855 17 3 48,214 2 0 50,069 19 3 Less provisionally written off .. .. .. 7 5 7 50,062 13 8 Cash in Receiver-General's Deposit Account .. .. .. .. .. 1,110 0 0 Cash in Public Account .. .. .. .. .. .. .. 7,625611 £427,494 8 7 £427,494 8 7 State Coal-mines Office, Wellington, C. 1. C. H. Benney, Accountant. P. C. Webb, Minister of Mines. I hereby certify that the attached Working and Profit and Loss Accounts of Depots and Collieries, General 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.— J. H. Fowler, Controller and Auditor-General.

66

B.—l [PT. IV],

SWAMP LAND DRAINAGE SCHEMES. Rate Accounts foe the Year ended 31st March, 1939. Kaitaia Drainage Area. Special Rate Accounts : Capital. a JW o T?wn Rural Town Subdivision. Subdivision. Subdivision. Subdivision. rr ,! tj S ' d - £ s - d - Cr - £ s. d. £ s. d. £ s. d. Transfer to Reserve .. .. 427 9 7 58 8 6 Balance .. .. 1 356 10 3 59 16 8 Interest charges .. .. .. 2,392 10 5 351 11 6 Rates levied .. 3,685' 2 3 Remissions .. .. .. 136 8 1 213 0 Less rebate .. 179 17 7 Adjustment of overcharged rates .. .. 011 8 1 3 505 4 8 445 19 8 Balance, 31st March, 1939 .. 1,905 12 10 92 4 8 011 £505 9 4 £4,862 011 £505 9 4 General Rate Accounts : Maintenance. a vs— c J 1 !?™, Rural Town Subdivision. Subdivision. Subdivision. Subdivision. . £ s. d. £ s. d. Cr. £ s. d. £ s. d. Cost of maintenance .. .. 1,756 12 5 250 0 0 Balance .. .. . 590 gll 134 14 9 Remissions .. .. .. 50 6 4 019 11 Rates levied .. .. .. 1,704 13 9 218 2 7 Adjustment of overcharged rates .. . . 0 5 8 Balance, 31st March, 1939 .. 488 1 11 101 11 9 £2,295 0 8 £352 1.7 4 £2,295 0 8 £352 17 4 Waihi Drainage Area. Special Rate Accounts : Capital. Pl w el l 1 ! la Kaikokopu Pukehina Kaikokopu 7V Ward Ward Ward . Wara | Dr. £ s. d. £ s. d. Cr. £ s d £ s d Transfer to Reserve .. .. 41 18 0 62 16 6 Balance .. .. . 224 3 7 110 15 5 Interest charges .. .. .. 212 14 7 319 22 Rates levied .. .. .. 319 17 8 432 5 7 Remissions .. ~ .. .. 13 7 9 Penalty, 10 per cent., on unpaid rates 8 19 1 21 1 2 Balance, 31st March, 1939 .. 298 7 9 168 15 9 £553 0 4 £564 2 2 £553 0 4 £564 22 General Rate Accounts : Maintenance. P w eh j, na Ka "«> k ?PU Central Pukehina Kaikokopu Central Ward Ward Ward Ward . Ward al £ s. d. £ s. d. £ s. d. Cr. £ s. d. £ s. d. £ s. d. Balance .. .. .. .. 1,843 13 3 Balance .. .. 90 5 9 246 13 0 Maintenance costs .. 85 1 0 534 8 0 261 3 0 Rates levied .. 177 0 2 508 0 9 670 7 9 Remissions .. .. .. 27 5 2 .. Penalty, 10 per cent., Balance, 31st March, 1939 187 5 3 204 19 6 .. on unpaid rates .. 5 0 4 11 18 11 11 15 1 Balance, 31st March, 1939 •• •• •• .. 1,422 14 0 £272 6 3 £766 12 8 £2,104 16 3 £272 6 3 £766 12 8 £2,104 16 3 POUKAWA DRAINAGE AREA. Special Rate Account: Capital. Dr. £ s. d. Cr. £ s d Penalties written back .. .. .. 226 8 6 Balance .. .. .. .. 410 8 9 Remissions .. .. .. .. .. 23 10 8 Rates levied .. .. .. | 1 121 1 5 Transfer to Reserve .. .. .. .. 140 12 2 Penalty, 10 per cent., on unpaid rates . . !! '431011 Interest charges .. .. .. .. 936 17 10 Balance, 31st March, 1939 .. .. .. 247 11 11 £1,575 1 1 £1,575 1 1 General Rate Account: Maintenance. Dr. £ s. d. Cr. £ s d Penalties written back .. .. .. 15 9 0 Balance .. .. . . . . 90 12 9 Remissions . . .. .. .. .. 36 4 Rates levied .. . . '' '' " 125 4 7 Maintenance costs . . .. .. .. 199 9 7 Balance, 31st March, 1939 . . . . .. 2 7 7 £218 4 11 £218 4 11 Receipts and Payments Account for the Year ended 31st March, 1939. w P , ub 'i C , Con | oli( lated Public Consolidated d • i Works Fund. Fund. Works Fund. Fund. Receipts. £ s. d. £ s. d. Payments. £ s. d. £ s d Rents from national-endowment land Kaitaia Drainage Area : Maintenance in Waihi Drainage Area .. .. 406 510 completed works .. .. .. 1 721 18 6 Special rate for interest and sinking Waihi Drainage Area : Maintenance fund — completed works .. .. .. 880 13 0 Waihi Drainage Area .. .. .. 462 511 Poukawa Drainage Area— Kaitaia Drainage Area .. .. .. 1,339 9 5 Maintenance completed works .. .. 139 9 7 Poukawa Drainage Area .. .. 978 8 7 Drainage works, &c. .. .. 40 0 0 rate for administration and Hikurangi Drainage Area : Drainage maintenance — works, &c. .. .. .. 286 12 10 Waihi Drainage Area .. .. 1,451 10 4 Plant, &c. (general) .. .. 144 411 Kaitaia Drainage Area . . .. .. 673 8 10 Transfer receipts to Treasury AdjustPoukawa Drainage Area .. .. 51 9 1 ment Account .. .. .. .. 5 648 9 0 Thirds .. .. .. .. .. 157 18 3 Transfer receipts to Public Works Sundry rents .. .. .. .. 37 0 0 Fund Account .. .. 3 912 1 2 Miscellaneous .. .. .. .. 90 12 9 Credits in reduction of expenditure .. 3,912 12 Transfer of expenditure to Treasury Adjustment Account .. .. .. 2,742 1 1 Transfer of expenditure to Public Works Fund Account .. .. 470 17 9 £4,382 18 11 £8,390 10 1 £4,382 18 11 £8,390 10 1

67

B.—l [PT. IV].

SWAMP LAND DRAINAGE SCHEMES—continued. Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. Capital Account, Public Works' Fund .. ..688,167 4 8 Kaitaia Drainage Area— £ s. d. £ s. d. Reserve : Repayment capital costs— Allocated cost of works on which Kaitaia Drainage rates are levied A re a £ s. d. £ s. d. Rural subdivision .. .. 60,000 0 0 Rural subdivision 3,260 6 5 Town subdivision .. .. 8,200 0 0 Town subdivision 445 11 5 68,200 0 0 3,705 17 10 Excess cost of works not recover - Waihi Drainage a bl e • • • • • • 163,948 0 4 A rea , Interest Account: Proportion Pukehina Subdivi- chargeable to area .. 158,487 4 sion .. .. 314 7 9 322,435 6 8 Kaikokopu Subdi- Waihi Drainage Area— vision .. 471 11 6 Allocated cost of works on which 785 19 3 rates are levied— Poukawa Drainage Area .. 870 16 6 Pukehina Subdivision .. 5,000 0 0 5,362 13 7 Kaikokopu Subdivision .. 7,500 0 0 Rate accounts— Central Subdivision .. 46,832 3 6 Special Rate Accounts : Capital— 59,332 3 6 Kaitaia Drainage Excess cost of works not recoverArea- £ s. d. able 24,636 16 9 Rural subdivision 1,905 12 10 Interest Account: Proportion Town subdivision 92 4 8 chargeable to area .. 46,749 3 7 1,997 17 6 71,386 0 4 Waihi Drainage Poukawa Drainage Area— Area Drainage works . . .. 16,505 310 Pukehina Subdi- Interest Account: Proportion vision .. 298 7 9 chargeable to area .. 1,463 10 1 Kaikokopu Sub- 17,968 13 11 division .. 168 15 9 Hikurangi Drainage Area— 467 3 6 Drainage works .. .. 257,270 3 0 Poukawa Drainage Area .. 247 11 11 Interest Account: Proportion 2,712 12 11 chargeable to area .. 158,745 9 6 General Rate Accounts : Main- 416,015 12 6 tenance Mangawai Drainage Area — Kaitaia Drainage Drainage works .. .. 1,877 19 3 Area £ s. d. Interest Account : Proportion Rural subdivision 488 111 chargeable to area .. 1,606 4 3 Town subdivision 101 11 9 " 3,484 3 589 13 8 Harihari Drainage Area— Waihi Drainage Drainage works .. .. 4,355 211 Area Interest Account: Proportion Pukehina Subdi- chargeable to area .. 3,322 7 4 vision .. 187 5 3 . 7>«7? 3 Kaikokopu Sub- Buildings .. .. .. .. .. 1,28.. 8 1 division .. 204 19 6 Wharves .. .. .. .. .. 010 0 392 4 9 Plant and machinery .. .. .. .. 10,077 14 8 981 18 5 Loose tools .. .. .. .. . • 193 4 7 Sundry creditors — Stores on hand .. .. .. .. 3,357 1 0 Miscellaneous .. .. .. 197 19 1 Motor-vehicles .. .. .. .. 222 3 0 Departmental .. .. .. 2 18 8 Sundry debtors for rates— 200 17 9 Drainage Capital. Maintenance. Rents charged in advance .. .. 113 10 0 19,592 16 7 7,561 15 7 27,154 12 2 Payments in advance— Waihi.. .. 5,154 3 3 4.120 911 9,274 13 2 £ e ™-- •• '• " Ju 7 Poukawa .. 3,375 14 5 224 4 2 3,599 18 7 aes# * •• ** ** jg y Sundry debtors — Susnense Account .. • • 0 6 0 Eent under section 4 ( 2 )> Swamp Writings,-off in Suspens'e '.. .. .. 17,217 0 6 Land Drainage Amendment Act, Treasury Adjustment Account .. .. 340,559 3 3 House rent " " "250 Law-costs .. .. .. 815 17 9 Miscellaneous .. .. 41 2 6 Departmental .. .. 166 14 1 1,238 9 11 Rate Account — General Rate Account: Maintenance — Waihi Drainage Area: Central Subdivision .. .. 1,422 14 0 Poukawa Drainage Area .. 2 7 7 1,425 1 7 Maintenance costs (Hikurangi) .. .. 434 8 9 Premiums on conversion .. .. ■ ■ 102 0 0 Revenue Account —Waihi Drainage Area : Central Subdivision .. .. .. .. 13,197 14 11 Losses in Suspense .. .. .. 17,217 0 6 Cash in transit from Post-office .. .. 52 13 7 £1,055,329 5 2 £1,055,329 5 2 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. Expenditure totalling some £800,000 reflected in the Balance-sheet appears to be irrecoverable.— J. H. Fowler, Controller and Auditor-General.

68

B.—l [PT. IV],

TREASURY DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1939. Expenditure.. £ s. d. Income. £ s. d. Salaries .. .. .. ... .. 40,162 311 New Zealand stock fees .. .. .. 2,224 12 0 Overtime and meal allowances .. .. 270 8 0 Commission .. .. .. .. .. 142 13 10 Legal and professional expenses .. .. 197 8 6 Fees for services rendered by Government Actuary 6,725 13 6 Printing and stationery .. .. .. 3,900 8 0 Balance carried down.. .. .. .. 95,009 3 0 Office requisites .. .. .. .. 248 11 11 Advertising, books, &c. .. .. .. 81 5 9 Office and sundry expenses .. .. • • 10 0 9 Travelling-expenses .. .. .. .. 844 18 1 Postages and telegrams .. .. .. 2,623 13 9 Telegrams beyond the Dominion .. .. 936 15 2 Telephone services .. .. .. . • 415 16 4 Rent of offices .. .. •• .. 3,088 911 Pees, allowances, &c., Local Government Loans Board .. .. .. .. .. 241 11 11 Bank exchange and commission .. .. 201 5 7 Insurance premiums and commission on collections 148 12 3 Puel, light, power, and water .. .. . . 114 Loss on furniture, &c., sold .. .. .. 17 15 8 Public Debt expenses—■ Management expenses .. .. .. 46,413 8 4 Costs, charges, and expenses of raising and converting loans .. .. . . • • 7 14 4 Stamp tluty on transfers .. .. .. 3,632 12 0 Depreciation— Office furniture .. • • • • ■ • 254 5 8 Mechanical appliances .. .. .. 387511 Library .. .. .. .. .. 16 9 3 £104,102 2 4 £104,102 2 4 £ s. d. £ s. d. Balance brought down .. •• •• 95,009 3 0 Excess of expenditure over income .. .. 95,118 1 6 Interest on capital .. .. .. .. 108 18 6 £95,118 1 6 £95,118 1 6 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 4,066 13 5 Office furniture, fittings, and equipment.. .. 816 6 6 Creditors — £ s. d. Mechanical appliances .. .. .. 3,023 19 0 Departmental .. .. 286 11 10 Library .. .. .. .. .. 226 7 11 Sundry .. .. .. 168 18 7 Stock of stamps .. .. .. .. 213 8 —■ 455 10 5 Debtors —■ £ s. d. Writing-off reserve .. .. .. . . 17 15 8 Departmental .. .. 110 12 9 Treasury Adjustment Account .. .. 94,881 4 0 Sundry .. .. .. 79 5 8 189 18 5 Expenses paid in advance .. .. ... 26 0 10 Assets in Suspense .. .. .. .. 17 15 8 Excess of expenditure over income .. .. 95,118 1 6 £99,421 3 6 £99,421 3 6 A. R. F. Mackay, M.Com. (N.Z.), Ph.D. (Lond.), Accountant to the Treasury. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at the commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G-. Collins, Controller and Auditor-General.

69

B.—l [PT. IV].

TUWHARETOA TRUST BOARD. Receipts and Payments Account fob the Year ended 31st March, 1939. Receipts. £ s. d. Payments. Grant from New Zealand Government .. .. 3,000 0 0 £ s. d. £ s. d. Refunds from Native Trustee .. .. .. 600 0 0 Overdraft, 31st March, 1938 .. 163 14 0 £ s. d. Less credit, Post Office Savings-bank, Excess license fees .. .. 91 2 3 £6 15s. 5d.; petty cash on hand, Interest, Post Office Savings-bank .. 0 3 7 £4 2s. 6d. .. .. .. 10 17 11 Repayments against advances .. 452 18 0 152 16 1 Refund, debtors Jones' Estate .. 19 15 0 Grants— Fines and penalties.. .. .. 8 11 0 Indigent Natives .. .. 6 0 0 Refund educational grants .. .. 017 0 Medical .. .. .. 550 4 9 573 6 10 Maraes .. .. . . .. 220 14 11 Outstanding cheques .. .. 495 0 3 Educational .. .. .. 337 18 0 Bank credit, 31st March, 1939 .. 132 6 8 Dental Schools . . .. .. 273 1 7 Miscellaneous .. .. .. 290 4 6 Overdraft per cash-book .. .. 362 13 7 1,678 3 9 Less Post Office Savings-bank credit, Members — £6 195.; petty cash on hand, Allowances .. .. . . 75 0 0 13s. lid. .. .. .. 712 11 Travelling-expenses .. .. 35 210 355 0 8 110 2 10 Office expenses— Printing, &c. .. .. .. 9 12 2 Secretary's salary .. .. 78 0 0 87 12 2 Petty cash expended .. .. .. .. 8 8 7 Sundry unclassified expenses .. .. .. 46 15 9 Debenture interest .. .. .. .. 21000 Jones' Estate debenture redeemed .. .. 500 0 0 Bonds Account .. .. .. .. 500 0 0 Deposit, Native Trustee . . .. 1,198 10 0 Advances (insurance and rates paid for protection of securities) .. .. .. .. .. 14 17 8 Advances: Overpayments refunded .. .. 21 0 8 £4,528 7 6 £4,528 7 6 Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ s. d. Grants — Grant from New Zealand Government .. .. 3,000 0 0 Medical .. .. .. .. .. 550 4 9 Interest from Post Office Savings-bank .. .. *0 3 7 Educational .. .. .. .. 337 1 0 Interest from Native Trustee .. .. .. 92 3 6 Maraes .. .. .. • • ■. 220 14 11 Fines and penalties .. .. .. .. 8 110 Miscellaneous .. .. .. .. 290 4 6 Excess licence fees (section 54 (2), Native Purposes Indigent Natives .. .. .. .. 6 0 0 Act, 1931,.. .. .. .. .. 91 2 3 Dental Schools .. .. .. ■ • 273 1 7 Members — £ s. d. Allowances .. .. 75 0 0 Travelling-expenses .. .. 35 210 110 2 10 Office expenses — Rent ........ 15 12 0 Secretary's salary .. .. 78 0 0 Printing, &c. .. .. .. 9 12 2 103 4 2 Petty cash expended .. .. .. .. 8 8 7 Sundry unclassified expenses .. .. .. 46 15 9 Depreciation Assets Reserve .. .. .. 318 0 Debenture interest .. .. • • ■ ■ 210 0 0 Balance carried down.. .. .. .. 1,032 4 3 £3,192 0 4 £3,192 0 4 £ s. d. £ s. d. Balance carried forward .. .. .. 13,520 0 0 Balance brought down .. .. .. 1,032 4 3 Balance brought forward .. .. .. 12,487 15 9 £13,520' 0 0 £13,520 0 0 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Reserve for depreciation .. .. .. 46 16 0 Taupo property .. .. .. .. 400 0 0 Suspense Account .. .. .. .. 8 15 Office furniture .. .. .. .. 42 2 9 £ s. d. Office appliances .. .. .. .. 17 7 0 Debenture Issue Account sold .. 500 0 0 Post Office Savings-bank deposit .. .. 6 19 0 Tongariro Timber Owners' Claims Native Trustee: Deposit .. .. .. 2,969 10 2 Account .. .. .. 2,000 0 0 Petty cash on hand .. .. .. .. 0 13 11 Tuwharetoa Timber Co., Ltd., on Tongariro Timber Owners'claim .. .. 2,000 0 0 loan .. .. .. 500 0 0 Ngati-Tuwharetoa compensation claim: Principal 1,073 15 6 Jones' Estate Account .. .. 500 0 0 Simdry debtors — £ s. d. 3,500 0 0 Donald Weaver .. .. 15 0 0 Sundry creditors: Native Accounts 21 13 1 G. Barclay .. .. 15 19 6 Maori Council Account .. .. 18 0 10 30 19 6 — 39 13 11 Sundry debtors for advances .. .. .. 5,097 19 9 Bank of New Zealand, Rotorua .. .. 362 13 7 Jones' Estate : Native debtors accounts taken over 5,837 17 4 Excess of income over expenditure .. .. 13,520 0 0 £17,477 4 11 £17,477 4 11 Hoani C. HeuHeu, Chairman. P. Alfred Grace, Secretary. The Audit Office, having examined the Balance-sheet and accompanying accounts required by law to be audited, hereby certifies them to be correct subject to the following exceptions : (1) Insufficient security has been obtained by the Board in respect of an advance of £500 made in the form of an issue of debentures to the Tuwharetoa Timber Co., Ltd. ; (2) certain advances made to members of the Board have not been confirmed by a Maori Land Board and/or have not been secured as required by section 41, Native Land Amendment and Native Land Claims Adjustment Act, 1927, and section 56, Native Purposes Act, 1931. — J. H. Fowler, Controller and Auditor-General.

70

B. —1 [PT. IV].

VALUATION DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1939. Expenditure. £ s. d. Income. Advertising, publications, &c. .. .. .. 171 7 8 Fees charged for — £ s. d. Assessment and other Court expenses .. .. 477 14 6 Valuers'reports .. .. .. .. 11,111 19 2 Compensation to officer injured on duty.. .. 55 18 0 Certified copies of existing roll values .. 2,511 18 0 Depreciation on office furniture, maps, and motor- Contributions from— car .. .. .. .. .. 1,082 17 0 Local bodies .. .. .. .. 19,336 4 2 Fees to Valuers .. .. .. .. 16,840 4 9 Land and Income Tax Department .. .. 19,336 *4 2 Freight and cartage .. .. .. .. 45 111 Levying and collecting hospital rates in Sounds and Fuel and light .. .. .. .. 19152 Taupo Counties and in part of Waiheke Island.. 175 0 0 Grants to officers for extra duties .. .. 235 0 0 Balance .. .. .. .. 16,119 17 9 Maps (maintenance) .. .. .. .. 733 1210 Office expenses .. .. . . .. 281 1 9 Overtime and meal-allowances .. .. 23 1 6 Services of Post and Telegraph Department .. 100 0 0 Postages and telegrams .. .. .. 500 11 10 Printing and stationery .. .. .. 781 5 9 Rent .. .. .. .. .. 2,722 13 3 Salaries .. .. .. .. .. 38,129 16 3 Telephone services .. . . .. .. 537 1 7 Transfer and removal expenses .. .. 235 4 11 Travelling-expenses .. ... .. .. 5,583 9 10 Typewriters : Repairs .. .. .. 35 4 9 £68,591 3 3 £68,591 3 3 £ s. d. £ s. d. Balance .. .. .. .. 16,119 17 9 Sale of surplus stores .. .. .. .. 13 13 7 Interest .. .. .. .. .. 718 2 1 Balance .. .. .. .. .. 16,824 6 3 £16,837 19 10 £16,837 19 10 «=_=====! ===== Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital Account .. .. .. .. 18,118 11 2 Furniture and fittings .. .. .. 866 15 5 Creditors — £ s. d. Mechanical appliances .. .. .. 557 6 6 Sundry .. .. .. 2,012 18 1 Motor-car .. .. .. .. .. 53 2 4 Departmental .. .. 69 3 5 Maps .. .. .. .. .. 16,641 6 11 2,082 1 6 Stationery .. .. .. .. .. 977 2 9 Payments in advance .. .. .. 92 7 9 Debtors — £ s. d. Bad debts reserve .. .. .. .. 27 13 1 Local bodies .. .. 11,869 5 4 Writing off reserve .. .. .. .. 17 7 6 Land and Income Tax Depart- • Suspense Account: Hospitals and Charitable In- ment .. .. .. 19,336 4 2 stitutions Act, 1926 .. .. . . 90 10 2 Sundry .. .. .. 274 13 7 Treasury Adjustment Account .. .. 49,329 17 3 Sundry departmental .. 2,294 18 2 33,775 I 3 Deposits, Treasury : Hospitals and Charitable Institutions Act, 1926 .. . . .. .. 45 19 6 Excess of expenditure over income .. .. 16,824 6 3 Assets in Suspense .. .. .. .. 1776 £69,758 8 5 £69,758 8 5 W. Stewart, Valuer-General. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —J. H. Fowler, Controller and Auditor-General.

71

B.—l [PT. IV].

MARINE DEPARTMENT. HEAD OFFICE. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. £ s. d. Income,. £ s. d. Salaries .. .. .. .. .. 9,776 0 9 Miscellaneous receipts. . .. .. .. 5 18 Rent .. .. .. .. .. 813 0 0 Balance carried down. . .. .. 11,433 16 2 Printing and stationery .. .. .. 276131 Office fittings and requisites .. .. .. 34 9 8 Postages, telegrams, and rent of boxes .. .. 179 6 9 Telephone rentals, &c. .. .. .. 105 16 0 Books, newspapers, &c. .. .. .. 58 16 6 Maintenance of typewriters, &c. .. .. 14 19 9 Overtime and meal allowances .. .. 13 4 9 Transfer expenses .. .. .. .. 5 5 2 Travelling-expenses .. .. .. .. 142 14 8 Miscellaneous .. .. .. 1153 Depreciation : Furniture and equipment .. 16 15 6 £11,438 17 10 £11,438 17 10 £ s. d. Apportionment of cost of administration to Balance brought down .. .. .. 11,433 16 2 branches. £s. d. Interest on capital .. .. .. .. 1132 Mercantile Marine Branch .. .. .. 7,027119 Harbours Branch .. .. . . .. 584 18 5 Inspection of Machinery Branch .. .. 2,358 8 8 Fisheries Branch .. .. .. .. 774 0 6 Boss Dependency Account .. .. .. 50 0 0 Westport Harbour Account .. .. .. 600 0 0 Rock Oyster Industry Account .. .. 50 0 0 £11,444 19 4 £11,444 19 4 MERCANTILE MARINE BRANCH. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. Income. £ s. d. Lighthouses — £ s. d. £ s. d. Light dues .. .. .. .. .. 106,430 1 2 General maintenance .. .. 28,206 18 5 Survey of ships .. .. .. .. 3,975 17 9 Working expenses of tender .. 26,704 3 3 Engagement and discharge of seamen .. .. 2,185 10 9 ——■ 54,911 1 8 Fines and forfeitures .. .. .. .. 49 7 9 Mercantile Marine Offices, &e. — Deck-cargo licenses .. . . .. .. 40 12 6 Salaries .. .. .. 16,974 3 0 Plans of vessels, preparation and examination of.. 14 0 0 Services of Customs officers .. 1,935 0 0 Examination fees .. .. .. .. 208 17 6 Services of Post and Telegraph Recoupment overtime, Surveyors of Ships .. 784 17 6 Department officers .. .. 50 0 0 Sale of charts, books, and forms .. .. 1,054 18 11 Coastal survey .. .. 8,784 19 7 Sale of " New Zealand Nautical Almanac" .. 162 16 0 Rent .. .. .. 1,253 6 8 Registry of shipping fees .. .. .. 125 2 0 Fuel, light, and cleaning . . 66 8 2 Repatriation expenses, distressed, &c., seamen .. 4 6 5 Printing and stationery .. 237 4 3 Salvage .. .. .. .. .. 22 2 6 Office fittings and requisites .. 77 310 Costs awarded the Department: Prosecutions Postages, telegrams, and rent of under Shipping and Seamen Act .. .. 22 0 boxes .. .. .. 106 6 9 Bahamas Island light dues, commission on colTelephone rentals, &c. .. .. 240 11 6 lection of .. .. .. .. .. 35 1 4 Books, newspapers, &c. . . 88 3 8 Blufl - Stewart Island steamer service: Mail Legal expenses .. .. 6 4 8 subsidy .. .. .. .. .. 600 0 0 Measurement of ships .. .. 20 12 8 Fares, freight, &c. .. .. .. .. 1,276 19 9 Inquiries into shipping casualties 129 7 4 Services of lighthouse tender in respect of harbours 789 10 0 Overtime .. .. * . . 775 14 4 Rents of buildings and reserves .. .. 157 10 0 Salvage expenses . . .. 5 14 1 Sale of stores .. .. .. .. 52 2 10 Transfer expenses . . .. 9 3 6 Miscellaneous receipts .. .. .. 4 13 8 Travelling-expenses .. .. 946 8 2 Examination expenses .. .. 272 15 4 Charts, saleable books, and forms 315 19 10 " New Zealand Nautical Almanac " 587 13 6 Preparation of tide-tables .. 550 0 0 Checking passenger traffic .. 127 3 11 Relief of distressed seamen .. 45 1 4 Grant to Imperial Shipping Committee .. .. .. 160 0 0 Subsidy : Bluff - Stewart Island steamer service .. . • 800 0 0 Miscellaneous expenses.. .. 8 10 34,573 7 I Head Office administration .. .. 7,027 11 9 Depreciation— Buildings .. .. .. 2,715 7 4 " G.S.S. " Matai" .. .. 4,053 13 4 Lighthouses .. .. .. 4,764 12 9 Furniture and equipment .. 688 8 6 12,222 1 11 Balance carried down .. .. .. 9,242 7 11 £117,976 10 4 £117,976 10 4 £ s. d. £ g. d. Interest on capital .. .. .. .. 12,383 8 8 Balance brought down .. .. .. 9,242 711 Ellsworth Relief Expedition: Balance New Zea- Excess of expenditure over income .. .. 3,198 9 1 land Government's proportion of cost.. .. 57 8 4 £12,440 17 0 £12,440 17 0

72

B.—l [PT. IV].

MARINE DEPARTMENT—continued. HARBOURS BRANCH. Income and Expenditure Account foe the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ g. d. Salaries and wages .. .. .. .. 1,221 8 0 Pilotage .. .. .. .. .. 509 6 0 Repairs and maintenance .. .. .. 1,051 5 11 Port charges .. .. .. .. .. 770 12 10 Services of lighthouse steamer .. .. .. 539 10 0 Wharfage .. .. .. .. .. 273 5 5 Supervision and maintenance of foreshore .. 1,014 15 8 Harbour boat license fees .. .. .. 20 10 0 Rent .. .. .. .. .. 26 14 4 Watermen's license fees .. .. . . 10 0 Office expenses .. .. .. .. 16 14 3 Contribution from local authorities .. .. 40 0 0 Printing and stationery .. .. .. 17 13 10 Subsidy on wages .. .. .. .. 58 0 0 Telephone rentals, &c. .. .. .. .. 34 10 10 Foreshore rentals .. .. .. .. 681 4 7 Transfer expenses .. .. .. .. 59 10 0 Royalty on shingle, sand, &c. .. .. .. 2,232 19 3 Travelling-expenses .. .. .. .. 26 14 10 Order in Council and permit fees .. .. 20 10 0 Grants and subsidies . . .. .. .. 436 17 3 Rents of buildings and reserves .. .. .. 63 12 1 Reserve for bad debts .. .. .. .. 100 0 0 Sale of books .. .. .. .. .. 12 18 5 Head Office administration . . .. .. 584 18 5 Sale of stores .. .. .. .. .. 68 6 10 Depreciation— £ s. d. Services to Customs Department .. .. 90 0 0 Buildings .. .. .. 112152 Miscellaneous receipts .. .. .. .. 3 0 0 Equipment, launches. &c. .. 494 1 1 Balance carried down .. .. .. 892 4 2 606 16 3 £5,737 9 7 £5,737 9 7 £ s. d. £ s. d. Balance brought down .. .. .. 892 4 2 Excess of expenditure over income .. .. 1,301 8 9 Interest on capital .. .. .. .. 409 4 7 £1,301 8 9 £1,301 8 9 —— INSPECTION OP MACHINERY BRANCH. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ s. d. Salaries .. .. .. .. .. 14,267 0 2 Inspection fees .. .. .. .. 21,069 6 4 Rent .. .. .. .. .. 783 6 2 Examination fees .. .. .. .. 617 13 0 Printing and stationery .. .. .. 220 8 6 Drawings, examination of .. .. .. 353 12 6 Office fittings and requisites .. .. .. 70 19 6 Sale of publications .. .. .. .. 612 6 Postage, telegrams, and rent of boxes .. .. 237 15 3 Recoupment overtime, Inspectors of Machinery .. 119 10 0 Telephone rentals, &c. .. .. .. .. 206 10 2 Costs awarded the Department: Prosecutions under Commission on revenue collected by Post and Tele- the Inspection of Machinery Act .. .. 9 2 8 graph Department .. .. .. .. 207 6 0 Miscellaneous receipts .. .. .. .. 3 13 ' 6 Books, newspapers, &c. .. .. .. 49 9 3 Fuel, light, and cleaning .. .. .. 49 15 3 Inquiries and technical investigations .. .. 20 14 8 Legal expenses .. .. .. .. 2 10 0 Overtime .. .. .. .. .. 61 3 3 Removal of offices .. .. .. .. 8 2 10 Transfer expenses .. .. .. .. 304 12 4 Travelling-expenses .. .. .. .. 2,579 14 0 Miscellaneous .. .. . • .. 110 Reserve for bad debts .. .. .. .. 30 0 0 Head Office administration .. .. .. 2,35888 Depreciation— £ s. d. Motor-vehicles, &c. .. .. 207 5 11 Furniture and equipment .. 27 12 11 234 18 10 Balance carried down .. .. .. .. 485 14 8 £22,179 10 6 £22,179 10 6 £ s. d. £ s. d. Interest on capital .. .. .. .. 53 3 0 Balance brought down.. .. .. .. 485 14 8 Excess of income over expenditure .. .. 432 11 8 £485 14 8 £485 14 8

10— B. 1 [Pt. IV].

73

B.—l [Pt. IV].

MARINE DEPARTMENT—continued. FISHERIES BRANCH. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ s. d. Salaries and wages .. .. .. .. 5,212 611 Fishing-boat licenses, registration fees, &c. .. 380 12 4 Fresh-water fisheries research .. .. .. 1,141 13 8 Fresh-water fisheries license fees, &c. .. .. 1,400 2 4 Salmon fisheries .. .. .. .. 1,254 011 Salmon license fees .. .. .. .. 32 0 0 Repairs Te Anau Hatchery .. .. .. 282 15 4 Toheroa areas: Rentals and license fees .. .. 354 0 0 Maintenance of launches .. .. .. 341 0 8 Sale of salmon and salmon ova .. .. .. 44 12 0 Rent •• •• •• •• 316 0 0 Rental of buildings .. .. .. .. 16 13 4 Printing and stationery _ .. .. .. 185 8 7 Launch hire .. .. .. .. .. 660 Office fittings and requisites .. .. .. 87118 Sale of publications .. .. .. .. 430 Postage, telegrams, &c. .. .. .. 73 7 11 Sale of stores .. .. .. .. .. 15 10 4 Telephone rentals, &c. .. .. .. .. 87 6 0 Costs awarded the Department in connection with Books, newspapers, &c. .. . . .. 18 4 6 prosecutions under the Fisheries Act .. .. 918 0 Legal expenses, &c. .. .. .. .. 33 16 10 Balance carried down .. .. .. .. 9,797 12 0 Repairs to wharf and shed : Karitane .. .. 510 0 Transfer expenses .. .. .. 099 Travelling-expenses .. .. .. 1,155 15 0 Whitebait spawning-grounds: Fencing . , ~ 1 17 1 Marking netting-limits .. .. 11 17 0 Protection of toheroa beds . . . . .. 141 15 10 Fisheries investigation .. ~ .. .. 90 6 8 Expenses of expert on voyage of " Discovery "to Antarctic .. .. .. . . .. 84 14 10 Slipways for fishermen— £ s. d. Taieri Mouth .. .. 10 4 Waikawa .. .. .. 220 0 0 221 0 4 Miscellaneous expenses.. .. .. .. 12 10 0 Grants and subsidies .. .. .. .. 300 0 0 Head Office administration .. .. .. 774 0 6 Depreciation— £ s. d. Buildings .. .. 87 12 9 Launches, &c. .. .. .. 80 1 10 Motor-vehicles .. .. .. 60 5 6 228 0 1 £12,061 10 1 £12,061 10 1 t> £ s. d. £ s. d. Balance brought down .. .. .. 9,797 12 0 Excess of expenditure over income .. .. 10,949 22 Net loss on rock-oyster industry transferred from . Profit and Loss Account .. .. .. 1,067 18 8 Interest on capital .. .. .. .. 83 11 6 £10,949 22 £10,949 22 ROCK OYSTER INDUSTRY. Profit and Loss Account for 1938 Season. r> r - £ S. d. Cr. £ s. d Salaries and wages .. .. .. .. 5,564 1 7 Sales .. .. .. .. .. 6,773 19 1 Maintenance of ketch and launches .. .. 978 7 9 Rent of depot .. .. ' 47 0 0 Freight and cartage .. .. .. .. 402 11 1 Balance carried down .'! !! " 833 13 10 Stores and materials .. . . .. .. 138 4 3 Repairs and replacements to tools .. .. 50 9 0 Wharfage and cranage .. .. .. 20 5 8 Rent, fuel, light, &c. .. .. .. .. 211 15 10 Administration expenses .. .. .. 113100 Travelling-expenses .. .. .. .. 92 15 5 Office expenses .. .. .. .. 291111 Printing and stationery .. .. .. 18 5 1 Advertising .. .. .. .. .. 457 Depreciation: Launches, &c. .. .. .. 30 9 9 £7,654 12 11 £7,654 12 II £ s. d. £ s d Balance brought down .. .. .. 833 13 10 Net loss . .. .. .. 1 067 18 8 Interest on capital .. .. .. ~ 234 4 10 £1,067 18 8 £1,067 18 8 Note.—This account includes expenditure on oyster cultivation amounting to £1,889 19s. lOd.

74

B.—l [PT. IV].

MARINE DEPARTMENT —continued. ROSS DEPENDENCY. Income and Expenditure Account fob the Year ended 31st March, 1939. Expenditure,. £ s. d. Income. £ a. d. Postages, telegrams, &c. .. .. .. .. 914 2 Balance carried down .. .. .. .. 259 14 5 Services of Whaling Inspector .. .. .. 200 0 0 Miscellaneous .. .. .. .... 003 Head Office administration .. .. .. 50 0 0 £259 14 5 £259 14 5 £ s. d. £ s. d. Balance brought down .. .. .. .. £259 14 5 Excess expenditure over income .. .. .. £259 14 5 Aggregate Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ s. d. Head Office .. .. .. .. 11,422 2 4 Head Office .. .. .. .. 518 Mercantile Marine .. .. .. .. 89,484 8 9 Mercantile Marine .. .. .. .. 117,976 10 4 Harbours .. .. .. •• .. 4,545 14 11 Harbours .. .. .. .. .. 4,845 5 5 Inspection of Machinery .. .. .. 19,100 8 4 Inspection of machinery .. .. .. 22,179 10 6 Fisheries .. .. .. . . .. 18,633 12 8 Fisheries .. .. .. .. .. 9,084 17 2 Ross Dependency .. .. .. .. 209 14 5 — 154,091 5 1 143,396 1 5 Proportion of administration charges transferred Depreciation .. .. .. .. 13,339 2 4 to Westport Harbour Account .. .. 600 0 0 Balance carried down .. .. .. 2,043 18 8 £156,735 3 9 £156,735 3 9 £ s. d. Balance brought down .. .. .. 2,043 18 8 Balance being excess of expenditure over income Interest on capital .. .. .. 13,174 15 9 after charging depreciation and interest on £ s. d. Ellsworth Relief Expedition: Balance New Zea- capital .. .. .. .. .. 15,276 2 9 land Government's proportion of cost .. 57 8 4 £15,276 2 9 £15,276 2 9 Balance-sheet as at 31st March, 1939. Liabilities. Assets. £ s. d. Capital— £ s. d. £ s. d. Land .. .. .. .. .. 28,983 10 9 Public Works Fund .. 313,995 16 5 Buildings .. .. .. .. .. 4,581 6 7 Consolidated Fund .. 169,296 16 1 Lighthouses (including land, towers, buildings, Employment Promotion Fund 137 II 2 furniture, apparatus, and equipment) .. 212,954 16 4 483,430 3 8 Fog-signals.. .. .. .. .. 5,199 7 7 Creditors— Radio direction-finding beacons ~ .. 24,042 11 0 Departmental .. .. 960 15 9 Beacons, buoys, and moorings .. .. 4,620 18 7 Sundry .. .. .. 3,952 5 4 Government steamer" Matai" .. .. 49,100 711 4,913 1 1 Wharves .. .. .. .. .. 918 910 Rentals, &c., paid in advance.. .. .. 22 10 6 Harbour equipment (including launches, flag-staffs, Reserve for bad debts .. .. .. 485 10 7 signalling-apparatus, tools, &c.) .. .. 1,503 19 0 Deposit Accounts .. .. .. .. 1,010 010 Oyster-beds .. .. .. .. 120,636 8 4 Writings-off Reserve Account .. .. 117 0 3 Oyster-ketch, launches, and boats .. .. 2,049 3 4 Treasury Adjustment Account .. .. 20,884 19 3 Fish hatcheries and equipment .. .. 1,587 8 7 Fisheries oil engines and apparatus .. .. 477 9 1 Motor-vehicles .. .. .. .. 605 8 8 Automatic-flashing lamps .. .. .. 18 7 8 Test-pumps and pressure-gauges .. .. 508 16 0 Office furniture and fittings .. .. .. 1,141 3 4 Mechanical office appliances .. .. .. 225 14 2 Library .. .. .. .. .. 296 7 10 Stores, tools, &c. .. .. .. .. 12,345 16 8 New Zealand Coastal Survey Suspense Account.. 11,632 12 5 Stationery .. .. .. .. .. 357 6 6 Charts, saleable books, and forms .. .. 2,022 2 7 Unemployment insurance stamps .. .. 75 12 10 Office stamps .. .. .. .. 97 16 6 Debtors — £ s. d. Departmental .. .. 487 7 2 Sundry .. .. .. 7,385 7 11 ——— 7,872 15 1 Writings-off Suspense Account .. .. 117 0 3 Deposit Cash Account £ s. d. Receiver-General's deposits.. 109 18 9 Other deposits .. .. 900 2 1 — 1,010 0 10 Cash in Post Office .. .. .. .. 604 5 2 Income and Expenditure Account .. .. 15,276 2 9 £510,863 6 2 £510,863 6 2 L. B. Campbell, Secretary of Marine. William C. Smith, Accountant. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

75

B.—l [PT. IV].

BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ a. d. Interest on consolidated stock .. .. 32,500 0 0 Dividends declared for the year .. .. 164,062 10 0 Management charges on consolidated stock .. 257 8 3 Excess of income over expenditure .. .. 131,305 1 9 £164,062 10 0 £164,062 10 0 Balance-sheet as at 31st March, 1939. Liabilities. Assets. Loan capital, New Zealand consolidated stock — £ s. d. Bank of New Zealand shares (at nominal value) — £ s. d. 3£ per cent., 1940 .. .. .. 500,000 0 0 500,000 preference A shares .. .. 500,000 0 0 4 per cent., 1943-63 .. .. .. 375,000 0 0 1,375,000 preference B shares .. .. 1,375,000 0 0 Consolidated Fund capital .. .. .. 984,375 0 0 234,375 long-term-mortgage C shares .. 234,375 0 0 Capital reserve .. .. .. .. 250,000 0 0 Dividends declared but not paid .. .. 75,781 5 0 Accrued interest on consolidated stock .. 6,650 13 9 Treasury Adjustment Account .. .. 62,174 10 6 Excess of income over expenditure .. .. 131,305 1 9 £2,247,330 15 6 £2,247,330 15 6 A. R. F. Mackay, M.Com. (N.Z.), Ph.D. (Loiid.), Accountant to the Treasury. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV], —Cyril G. Collins, Controller and Auditor-General. GOVERNMENT FIRE INSURANCE FUND. Revenue Account tor the Year ended 31st March, 1939. Dr. £ s. d. Cr. £ s. d. £ s. d. Accumulated Fund as at Ist April, 1938 .. 33,681 0 6 Claims— Interest on funds invested in Common Fund of Education .. .. .. 9,840 5 9 Public Trust Office .. .. .. .. 1,397 011 Lands and Survey .. .. 3 610 Contribution by Government .. .. .. 50,000 0 0 Prisons .. .. .. 410 0 0 Police .. .. .. 89 16 8 Mental Hospitals .. .. 997 16 0 Public Works .. .. 933 0 5 12,274 5 8 Accumulated Fund as at 31st March, 1939 .. 72,803 15 9 £85,078 1 5 £85,078 1 5 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. £ s. d. Accumulated Fund as at 31st March, 1939 .. 72,803 15 9 Investment in Common Fund of Public Trust Office 75,704 14 3 Claims due but not paid (departmental creditors) 2,915 3 0 Sundry debtor for claim overpaid .. .. 14 4 6 £75,718 18 9 £75,718 18 9 Contingent liabilities. £s. d. Estimated cost of replacing Defence Department buildings destroyed by fire .. .. .. 4,490 0 0 Estimated cost of replacing Police residence, Cheviot, destroyed by fire .. .. .. 1,800 0 0 £6,290 0 0 A. R. F. Mackay, M.Com. (N.Z.), Ph.D. (Lond.), Accountant to the Treasury. I hereby certify that the Revenue Account and Balance-sheet have been examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—Cyril Collins, Controller and Auditor-General.

76

B.—l [PT. IV].

GOVERNMENT LIFE INSURANCE DEPARTMENT. Revenue Account op the Government Life Insurance Department for the Year ended 31st December, 1938. £ s - d. £ s. d. Amount of funds at Ist January, 1938 10,349,248 6 5 Death claims under assurance policies, Renewal premiums—Assurance, annu- including bonus additions .. 221,198 1 0 ity, and endowment, less reinsurance Endowment assurances matured, inpremiums .. .. .. 665,590 3 1 eluding bonus additions .. .. 524,236 1 0 New premiums (including instalments Endowments matured .. .. 13,049 5 0 of first year's premiums falling due Premiums returned on endowments .. 703 0 0 in the year) less reinsurance premiums 70,180 10 11 Bonuses surrendered for cash .. 7,728 0 5 Single premiums—Assurance and en- Annuities .. .. .. 35,392 6 6 dowment .. .. .. 66,459 14 4 Surrenders .. .. .. 39,875 12 11 Consideration for annuities .. .. 22,999 3 3 Loans released by surrender .. 45,495 16 2 Interest, rent, and other £ s. d. £ s. d. income .. .. 465,394 6 2 Commission, new .. 53,089 15 4 Less property expenses 3,231 18 9 Commission, renewal .. 5,781 19 0 462,162 7 5 58,871 14 4 Contribution to Public Service Superannuation Fund .. .. 681 18 2 Land and income tax .. .. 36,280 11 7 £ s. d. Expenses of management— Salaries .. .. 41,419 410 Extra clerical assistance .. .. 432 9 8 Medical fees and expenses .. .. 2,719 0 6 Travelling-expenses 751 12 3 Advertising .. 552 5 3 Printing and stationery .. .. 1,621 8 4 Rent .. .. 5,817 3 4 Postage and telegrams .. .. 1,872 4 5 Exchange .. 43 0 9 Audit fees .. 325 0 0 General expenses .. 6,908 19 1 Services rendered by Government Actuary .. .. 3,244 10 2 — 65,706 18 7 Property depreciation .. .. 1,671 13 1 Transfer to Investment Fluctuation Reserve Account .. .. 10,000 0 0 Amount of funds, 31st December, 1938 10,575,749 6 8 £11,636,640 5 5 £11,636,640 5 5 Balance-sheet of the Government Life Insurance Department on 31st December, 1938. Liabilities. £ s. d. Assets. £ s. d. Total assurance, annuity, and en- Loans on policies .. .. .. 1,240,173 17 3 dowment funds (as per Revenue New Zealand Government securities .. 2,532,861 0 0 Account) .. .. .. 10,575,749 6 8 Loans to local bodies .. .. 1,759,580 6 6 Claims admitted, proofs not yet Landed and house property .. 453,057 15 1 completed .. .. .. 51,058 13 9 Landed and house property (leasehold) 1,029 18 4 Annuities .. .. .. 266 14 8 Mortgages on property .. .. 4,721,757 12 6 Medical fees .. .. .. 403 4 0 Properties acquired by foreclosure .. 38,298 10 7 Premium and other deposits .. 16,806 8 1 Overdue premiums on £ s. d. Sundry creditors .. .. .. 5,147 11 9 policies in force .. 4,743 16 6 Accident and Fidelity Fund .. 5,000 0 0 Outstanding premiums Investment Fluctuation Reserve .. 399,044 18 7 due but not overdue 53,659 2 8 Sinking funds on local £ s. d. 58,402 19 2 body loans .. 1,667 8 8 Overdue interest .. 16,848 11 10 Interest accrued thereon 20 4 3 Outstanding interest 1,687 12 11 due but not overdue 12,800 0 9 Interest accrued but not due .. .. 99,696 8 9 129,345 1 4 Sundry debtor .. 2,219 12 3 Income-tax paid in advance .. 33,000 0 0 Office furniture and fittings .. 3,296 18 10 Cash in hand and on current account 82,140 18 7 £11,055,164 10 5 £11,055,164 10 5 W. E. Arnold, Commissioner. J. W. Macdonald, Secretary. The Audit Office, having examined the Revenue Account and Balance-sheet, and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith.—J. H. Fowler, Controller and Auditor-General.

77

B.—l [Pt. IV],

LAND AND DEEDS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ s. d. Salaries .. .. •• •• •• 44,760 14 1 General fees .. .. .. •• •• 61,325 17 11 Freight and cartage .. .. .. . • 4 5 0 Deeds registration fees .. •• •• 1,107 14 11 Draughtsmen's work .. .. .. .. 12,421 4 2 Compulsory registration fees .. .. 4,027 17 0 Transfer and removal expenses.. . • .. 234 1 6 Land and income tax fees .. . • .. ,Z ? Office equipment .. .. •• •• 103 19 6 Balance: Excess of expenditure over income .. 2,814 13 10 Postages and telephones .. .. .. 582 14 8 Advertising . • • • • • • • • ■ 350 3 1 Fuel and light .. • • • • • • 329 7 7 Binding .. .. • • • • • • 263 13 4 Printing and stationery .. .. . • 714 12 10 Fireproof fittings .. -• •• 13157 Cleaning and office expenses .. .. .. 198 311 Rent 7,883 6 0 Typewriters (maintenance) .. .. • • 36 9 6 Depreciation.. • • • • • • • • 1 > 566 1 4 Overtime and meal allowances .. .. .. 128 18 2 Law costs .. .. • ■ • • • • 16 14 7 Miscellaneous expenses .. .. . • 2 7 6 Loss on equipment disposed of.. .. . ■ 1 14 0 £69,612 6 4 £69,612 6 4 £ s. d. Excess of expenditure over income after charging £ s. d. Balance .. •• •• •• •• 2,814 13 10 interest on capital .. .. •• •• 2,959 15 9 Interest on capital .. .. . • • • 145 111 £2,959 15 9 £2,959 15 9 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital Account .. .. .. 2,961 0 3 Furniture .. .. •• ■■ 2,385 18 6 Creditors— Mechanical appliances .. .. . ■ ■ - 107 17 9 Departmental . .. • • • • 104 0 8 Library .. .. . ■ • • • • 467 4 0 Sundry .. .. . • • • ■ • 341 16 10 Sundry debtors — Treasury Adjustment Account .. .. .. 2,678 18 8 Departmental .. •• •• •• 216 0 Sundry .. .. • • •• ■■ 1«2 4 5 Excess of expenditure over income .. .. 2,959 15 9 £6,085 16 5 £6,085 16 5 Note. —The value of free searches (calculated at ordinary search fee rates) made by local bodies, surveyors, and Government Departments during the year ending 31st March, 1939, was £6,152 Bs. P. Gr. Pearce, Secretary for Land and Deeds. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B.—l [Pt. IV]. —Cyril I G. Collins, Controller and Audit or-General.

78

B.—l [Pt. IV],

LANDS AND SURVEY DEPARTMENT. NEW ZEALAND UNIVERSITY ENDOWMENT ACCOUNT (WESTLAND). Receipts and Payments Account for the Year ended 31st March, 1939. H , . _ _ Receipts. Payments. £g. d. Balance in Treasury Deposit Account Administration expenses .. .. . t i{ at Ist April, 1938 £ s. d. £ s. d. Balance in Treasury Deposit AcL '' •• •• 1,446 18 9 count at 31st March, 1939 — £ s d Investments .. .. .. 2,300 0 0 Cash.. .. .. .. 79 4 5 .. , — 3,746 18 9 Investments .. .. 3 850 0 0 e nts 95 0 9 _1 o q9q , , Interest on investments .. .. .. 92 0 0 o,vav £3,933 19 6 £3,933 19 6 Revenue Account for the Year ended 31st March, 1939. A J * • T ' O T * Administration expenses under section 4, Land Laws £ s. d. £ h Amendment Act, 1927 4 15 i Accrued rent 102 13 q Balance transferred to Capital Account .. .. 190 8 4 Interest on investments .. .. . 92 10 2 £195 3 5 £195 3 5 Balance-sheet as at 31st March, 1939. „ .. , Liabilities. Agsets £ Capital- £ s. d. £ s. d. Land .... 2 195 O ft Balance at Ist April, 1938 ..5,919 15 9 Sundry debtors for rent .. 2 12 Q Transfer from Revenue Account .. 190 8 4 Interest on investments accrued but not due .. 11 11 11 6,110 4 1 Cash in Treasury Deposit AcRents paid in advance .. .. .. 216 3 count— £ s a Rents due but not accrued .. .. .. 25 8 9 Cash .. . 79 4 5 Investments .. .. 3,850 0 0 _____ 3,929 4 5 £6 ' 138 9 1 £6,138 9 1 R. G. Macmorran, Under-Secretary for Lands. 6. I. Beeson, Chief Accountant. I hereby certify that the Revenue 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.— Cyril G. Collins, Controller and Auditor-General.

79

B.—l [Pt. IV].

MENTAL HOSPITALS DEPARTMENT. Institutional Accounts for the Year ended 31st March, 1939.

80

Auckland. Christchurch. j Dunedin. Hokitika. Nelson. | Poriiua. Tokanui. j Kingseat. Marton. Total. Expenditure. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Salaries ■ 57,355 10 10 69,038 2 8 67,217 13 6 24,564 3 11 34,488 0 4 71,848 9 4 35,004 8 8 20,430 13 6 .. 379,947 2 9 Official visitors . . .. 48 6 0 25 4 0 .. 4 4 0 .. 22 18 4 .. .. .. 100 12 4 Advertising, books, Sc. .. 25 16 5 10 18 11 46 18 5 23 10 5 6 7 2 49 13 2 28 4 7 24 6 11 .. 215 16 0 Bacteriological research .. .. 168 13 0 1 18 1 .. 1 1 0 .. 123 16 0 .. .. .. 295 8 1 Bedding and clothing .. .. 5,011 3 11 6,526 16 1 4,626 111 2,086 7 9 3,315 1 7 5,408 13 11 1,942 15 4 1,412 18 4 .. 30,329 18 10 Buildings, repairs, and maintenance 4,767 0 4 5,514 16 0 5,807 9 4 .. 500 0 8 3,465 8 0 7,217 1 1 1,514 10 1 .. 28,786 5 6 Dental Services .. .. 9 10 5 19 15 1 14 8 3 6 5 7 12 6 6 2 7 3 6 4 8 4 14 6 .. 75 12 3 Farm-produce consumed .. 3,826 18 10 6,020 18 9 13,494 14 3 1,176 14 1 4,199 2 7 4,951 3 2 5,564 2 6 2,604 3 11 .. 41,837 18 1 Fencing, draining, and roading .. .. 0 17 7 38 5 6 5 16 6 8 3 9 20 10 8 0 4 9 .. .. 73 18 9 Freight and cartage 54 3 4 373 19 9 355 0 1 31 18 0 236 5 5 314 2 4 187 4 2 103 10 10 .. 1,656 3 11 Fuel lieht water &c. .. .. 7,194 12 2 7,033 10 5 5,659 10 5 2,093 5 1 4,783 16 8 7,420 17 6 4,240 17 6 2,190 12 11 .. 40,617 2 8 Funeral expenses . .. 69 6 0 54 12 6 103 18 1 30 0 0 132 15 6 125 18 11 40 0 8 55 14 8 .. 612 6 4 Furniture repairs, &c. .. .. 339 1 11 633 18 9 795 13 2 214 4 0 348 11 2 1,007 16 4 261 6 11 702 5 5 .. 4,302 17 8 Gardens and' shrubberies .. j 57 19 8 173 7 7 36 2 2 31 7 0 80 12 7 68 8 6 69 17 5 57 6 3 .. 575 1 2 Laundry expenses .. . 249 5 4 521 7 4 444 2 9 45 17 4 114 5 9 473 6 2 214 10 2 276 5 1 .. 2,338 19 11 Machinery, repairs, and stores .. 103 10 11 172 17 5 121 4 10 16 9 4 75 7 1 202 15 9 124 10 9 11 8 5 .. 828 4 6 Maintenance of Motor-vehicles .. 19 19 8 396 0 8 398 4 6 34 12 6 115 9 9 166 7 11 324 3 4 175 8 9 . . 1,630 7 1 Medical fees .. . . 158 9 9 151 5 9 74 9 2 32 4 5 .. 183 7 3 .. 1 1 0 .. 600 17 4 Nursing staff — Transfer expenses .. .. 8 9 5 4 18 3 67 6 8 3 8 2 12 19 0 45 3 2 4 15 0 30 19 0 .. 177 18 8 Treatment in general hospitals .. 34 0 0 9 10 6 .. .. 19 4 0 6 15 6 .. .. .. 69 10 0 Uniforms, purchase of .. 452 15 0 617 2 9 288 2 5 199 18 6 129 1 9 331 5 10 320 6 0 123 6 2 .. 2,461 18 5 Office equipment .. •• 60 10 570 0811 027 .. 09 10 .. 7 10 6 .. 19 19 8 Overtime .. .. .. 1,411 15 10 23 4 0 9 12 6 .. 1,291 16 7 744 10 11 120 6 6 .. .. 3,601 6 4 Patients' friends .. .. .. .. 50 0 0 .. .. .. .. • • ■ ■ 50 0 0 gratuities .. .. 15 10 0 .. 29 12 9 19 17 0 118 14 7 76 2 9 3 0 0 .. j .. 262 17 1 „ recreation .. .. 798 8 7 907 14 2 921 14 4 331 0 11 501 4 1 1,418 7 2 477 9 2 335 15 3 j .. 5,691 13 8 ., transfer expenses .. .. 13 2 9 .. 1 3 9 2 15 0 23 17 4 .. .. j .. 40 18 10 treatment in general hos- 144 10 6 160 1 0 117 16 6 3 2 6 13 17 6 210 14 0 4 2 0 7 13 0 .. 661 17 0 pitals Postages and telegrams . .. 84 13 6 120 0 4 128 4 1 24 15 0 47 2 0 130 7 11 58 16 3 34 13 11 .. 628 13 0 Printing and stationery .. .. 185 7 4 168 16 2 125 4 6 97 8 5 128 11 6 284 12 7 114 13 6 102 4 7 .. 1,206 18 7 Rations .. .. .. 15,178 6 3 15,992 1 4 9,989 0 3 6,333 8 2 9,102 11 9 20,362 16 9 6,257 17 10 8,454 12 5 .. 91,670 14 9 Stores — Loose and artisan's tools .. 193 1 1 317 19 3 130 8 6 41 16 6 13 9 2 60 3 8 103 7 9 12 15 10 .. 873 1 9 Other .. .. .. 197 7 2 1,225 18 5 840 3 9 103 8 0 300 16 6 930 16 0 227 13 0 384 6 0 | .. 4,210 8 10 Surgery and dispensary — ~ Drugs .. .. .. 240 19 6 265 17 11 366 7 4 117 12 10 105 6 6 378 18 0 100 9 1 104 1 11 .. 1,679 13 1 Wines and spirits .. .. 436 200 100 .. .. 186 220 .. .. 10 14 0 Telephone services . . .. 57 19 6 119 0 10 199 8 11 33 4 1 57 18 8 140 6 10 96 0 3 89 16 5 .. 793 15 6 Travelling-expenses .. 87 19 1 344 0 8 261 16 11 9 19 1 14 8 2 373 14 2 131 0 0 146 2 6 .. 1,369 0 7 Travelling-allowances .. .. 147 36 8 39 18 7 229 1 3 32 0 7 62 7 10 55 13 3 50 6 3 96 13 5 .. 713 17 10 Sundry expenses .. .. 5 0 0 1 53 12 10 8 3 4 1 5 0 1 6 4 2 16 10 .. 0 11 9 .. 72 16 1

B.—l [Pt. TV].

11— B. 1 [PT. IV].

81

MENTAL HOSPITALS DEPARTMENT —continued. _ Institutional Accounts for the Year ended 31st March, 1939—continued. Aucktand. Christchurch. Dunedin. Hokitika. Nelson. Porirua. Tokanui. Kingseat. Marton.' Tot al. " Expenditure —continued £ s. d. £ s. d. £sd £ s d £sd £ s d £ ] f q expenses 1,724 12 0 1,781 5 7 1,507 6 9 609 19 1 1,068 15 4 2,032 5 6 878 9 11 784 0 8 £ _ _ s " d ' lfJ j g6 £ Grants to widows of officers .. .. " 66 6 6 " " 105 14 11 " " " = Compensation under Workers' Com- .. 308 12 5 I '' 5 pensation Act '' '' '' '' '' • • • • 308 12 5 Depreciation 3,842 19 10 6,692 1 0 8,193 13 8 3,162 0 7 5,851 1 10 7,119 8 9 5,432 2 10 6,622 11 5 .. 46,915 19 11 Total " " '■ 104,283 11 I 125,842 13 1 122,764 16 2 41,523 11 8 67,259 14 7 130,695 2 2 69,608 9 10 46,902 15 4 T 708,880 13 11 Balance brought down .. .. 41,409 8 7 65,659 11 2 67,616 4 2 23,420 8 1 34,057 1 10 46,796 14 9 40 776 0 9 i766t1T~1 ■>,(•. iin n * 10 - 1 " 10 ' M-.l. M»jj . T . 10>7 0 3 6,768 ° 2 K:«g li « „ . «S35 { { II i: 157 lb 3 . .. ■ 157 16 3 Total 47,373 14 3 75,835 1 9 76,514 5 0 26,901 19 7 41,605 8 10 57,183 15 0 47,534 4 11 28,539 17 0 945 17 1 402,434 3 5 Maintenance .. .. 2 % 52J73 6 "l 7 5 15,229 19 11 29 j 2 2 5 "s 75,671 18 'l 24 671 5 2 27 554 18 * * " 330 469 3 % :: I I e >™VVl 2 ' 464 16 11 3 ' 080 17 6 7U ll I" » * Offal institution .. .. 131 15 8 135 18 7 34 15 9 66 5 8 2' 6 8 111 17 8 170 19 5 *94 " ««« *0 Su^ries 33 5 ,? 2 410 0 0 654 0 0 175 0 0 374 7 5 650 0 0 542 0 0 160 0 0 ! 3,300 7 5 T> 1 -li ** *' o 14 5 .. 4o 14 2 167 1 1 22 15 6 25 3 4 13 13 4 4 14 4 904. I« O Balance earned down .. .. 41,409 8 7 65,659 11 2 67,616 4 2 23,420 8 1 34,057 1 10 46,796 14 9 40,776 0 9 16,667 11 1 " 0 5 T ° ta1 -' •' " 104,283 II 1 125,842 13 1 122,764 16 2 41,523 11 8 67,259 14 7 130,695 2 2 69,608 9 10 46,902 15 4 ~ 708,880 13 11 Net profit from farms .. .. 599 8 0 2,468 14 4 3,879 14 10 1 102 7 0 565 7 s , aoa ](! o 9 ,, " 1n JOIT „ „ Excess of expenditure over income 46,774 6 3 73,366 7 5 72,634 10 2 26,901 19 7 40,'503 1 10 56,618 7 4 46,'o49 8 3 26,'213 4 11 94 5 'l7 1 2 10 T ° tal 47,373 14 3 75,835 1 9 76,514 5 0 26,901 19 7 41,605 8 10 57,183 15 0 47,534 4 11 28,539 17 0 945 17 1~ 402,434 3 5 *Net cost per patient per year .. 36 12 0 55 11 7 65 0 6 591TT 51 2 9 70 14 9 45 2 4 .. 50 13 5 * The decrease in net cost per patient is brought about by the large increase in sundry debtors as at 31st March, 1939. See note at foot of Balance-sheet.

B. —1 [PT. IV].

MENTAL HOSPITALS DEPARTMENT— continued. Farm Working Account for the Year ended 31st March, 1939.

82

Auckland. Christchurch. Dunedin. Hokitika. Nelson. Porirua. Tokanui. Kingseat. Totals. Expenditure. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Live-stock 1st April, 1938 .. 2,029 5 0 4,172 12 6 5,921 15 0 450 0 0 4,338 2 6 3,620 7 6 7,756 0 0 2,350 0 0 2 6 Stored and growing crops .. 1,044 10 8 3,331 0 3 3,388 11 3 211 7 3 1,691 3 7 1,169 16 9 2,384 12 0 1,766 13 4 14,987 15 1 Purchases of live-stock .. .. 128 11 11 719 13 10 5,677 0 7 .. 167 14 0 495 16 5 1,921 3 3 133 13 0 9,243 13 0 Live-stock sundries .. .. 6 7 2 63 12 4 151 15 3 11 2 11 37 10 5 35 16 0 68 4 7 14 0 7 388 9 3 Salaries and wages .. .. 1,073 17 0 2,430 0 7 4,930 14 7 862 1 8 2,180 10 11 2,351 9 3 2,847 13 4 1,259 17 7 4 11 Feed 442 17 2 408 11 8 566 0 6 139 14 7 228 16 10 860 2 3 546 14 4 117 11 5 3,310 8 9 Fertilizers 369 4 3 218 2 0 240 3 6 80 10 6 327 5 7 269 10 10 405 13 8 512 18 2 2,423 8 6 Seeds .. .. .. ... 40 1 0 34 14 9 265 15 .5 34 6 11 116 18 11 99 17 4 63 16 3 173 3 0 828 13 7 Repairs (implements, harness, &c.) 113 5 7 412 4 9 87 3 4 7 15 3 46 6 5 .. 86 19 5 54 15 4 808 10 1 Sundries .. ' .. 73 15 10 89 17 5 463 13 8 51 18 5 .. 563 18 9 372 5 6 .. 1,615 9 7 Building repairs .. .. .. .. •• •• •• 2 12 6 ... •• io on Machinery repairs .. .. 045 3 11 8 .. •• 0 12 9 .. 469 „ 2 ~ 1A Fencing, draining, and reading .. 4 9 8 59 1 11 113 1 4 11 11 8 58 1 7 8 2 3 177 5 9 135 18 8 567 i2 10 Freight and cartage .. .. 1 3 3 23 0 0 70 6 0 .. 12 16 8 .. 64 14 11 13 12 1 185 12 11 Rents, rates, &c. .. .. .. 525 14 3 .. •• •• •• •• • • Depreciation .. .. .. 136 13 0 123 6 9 309 2 4 17 0 5 174 2 9 253 13 5 222 9 4 11 2 0 1,247 10 0 Carrieddown .. .. .. 2,028 13 3 4,176 11 8 5,281 18 3 .. 2,155 19 1 1,771 9 11 2,504 18 11 3,006 11 8 20,926 2 9 7,492 19 2 16,79116 4 27,467 1 0 1,877 9 7 11,536 2 0 11,502 13 2 19,426 18 0 9,553 4 3 105,648 3 6 Less loss carried down .. .... .. • • 72 2 10 .. .. .. •. 72 2 10 Total .. .. .. 7,492 19 2 16,791 16 4 27,467 1 0 1,805 6 9 11,536 2 0 11,502 13 2 19,426 18 0 9,553 4 3 105,576 0 8 Interest on capital .. .. 1,429 5 3 1,707 17 4 1,402 3 5 85 13 5 1,053 12 1 1,206 2 3 1,020 2 3 679 19 7 8,584 15 7 Net profit .. .. .. 599 8 0 2,468 14 4 3,879 14 10 .. 1,102 7 0 565 7 8 1,484 16 8 2,326 12 1 12,427 0 7 Loss brought down .. .. .. .. • ■ 72 2 10 . . .. .. .. 72 2 10 Total.. .. .. 2,028 13 3 4,176 11 8 5,28118 3 157 16 3 2,155 19 1 1,771 9 11 2,504 18 11 3,006 11 8 21,083 19 0 Income. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Live-stock sales .. .. 683 19 0 2,123 17 1 1,650 10 8 47 9 0 1,239 2 4 1,318 7 10 2,572 18 0 1,363 16 6 11,000 0 5 Poultry 358 18 0 499 10 4 727 2 0 .. 316 10 7 724 18 8 .. .. 2,626 19 7 Skins, hides, &c. .. .. 44 2 9 27 12 0 1,235 4 11 9 7 2 21 2 5 74 9 1 351 12 8 10 3 2 1,773 14 2 -\y 00 i 274 5 9 138 0 0 .. 307 15 10 60 2 0 303 5 0 .. 1,083 8 7 Butterfat " .. 596 6 10 .. 297 3 6 25 16 10 1,233 12 7 968 18 4 3,121 18 1 Milk and cream .. .. 1,678 14 2 2,782 11 2 3,697 8 7 738 11 1 1,548 9 9 3,123 6 6 1,607 11 10 1,222 8 1 16,399 1 2 Fruit and vegetables .. .. 1,746 0 5 2,455 12 7 3,248 19 11 249 18 6 1,753 2 5 1,105 5 4 1,063 10 1 1,382 12 10 13,005 2 1 Meat .. 43 10 0 302 10 6 6,031 5 9 188 4 6 368 10 3 64 4 5 2,894 0 7 25 3 0 9,917 9 0 Cereals, hay, &c. .. .. .. 143 2 9 .. •• 12 9 2 .. .. .. 155 11 11 Sundries .. .. .. .. .. •• 287 18 11 34 1 1 .. 41 16 4 363 16 4 Live-stock as at 31st March, 1939. . 1,870 17 6 4,352 7 6 6,269 7 6 452 0 0 4,072 2 6 4,035 10 0 7,038 10 0 2,948 10 0 31,039 5 0 Stored and growing crops, 31st 1,066 17 4 3,830 6 8 3,872 14 10 119 16 6 1,311 14 4 936 11 5 2,361 17 3 1,589 16 0 15,089 14 4 March, 1939 T 7 Total.. .. .. 7,492 19 2 16,79116 4 27,467 1 0 1,805 6 9 11,536 2 0 11,502 13 2 19,426 18 0 9,553 4 3 105,576 0 8 Profit brought down .. .. 2,028 13 3 4,176 11 8 5,281 18 3 .. 2,155 19 1 j 1,771 9 11 2,504 18 11 3,006 11 8 20,926 2 9 Net loss to Institution Account .. .. .. • • 157 16 3 . . . . . . I .. 157 16 3 Total.. .. .. 2,028 13 3 4,176 11 8 5,28118 3 157 16 3 2,155 19 1 1,771 9 11 2,504 18 11 | 3,006 11 8 21,083 19 0

B.—l [PT. IV].

MENTAL HOSPITALS DEPARTMENT—continued. Income and Expenditure Account fob the Year ended 31st March, 1939. Expenditure. Income. £ s. d. Institutional accounts— £ s. d. Balance .. .. .. .. .. 390,007 2 10 Auckland .. .. .. .. 46,774 6 3 Christchurch .. .. .. .. 73,366 7 5 Seaclifi .. .. .. .. 72,634 10 2 Hokitika .. .. .. .. 26,901 19 7 Nelson .. .. .. .. 40,503 1 10 Porirua .. .. .. .. 56,618 7 4 Tokanui .. .. .. .. 46,049 8 3 Kingseat .. .. .. .. 26,213 4 11 Marton .. .. .. .. 945 17 1 £390,007 2 10 £390,007 2 10 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital Account: Public Works Fund .. 2,262,715 6 8 Land .. .. .. .. .. 241,344 12 1 Sundry creditors — £ s. d. Buildings (institutional) .. .. .. 1,213,827 5 6 Departmental .. .. 1,506 16 6 Buildings (farm) .. .. .. .. 29,731 12 10 Other .. .. .. 7,570 0 6 Improvements .. .. .. .. 94,995 0 0 9,076 17 0 Other vehicles .. .. .. .. 1,518 15 1 Bad Debts Reserve .. .. .. 61,871 4 1 Loose and artisans'tools .. .. .. 2,727 17 2 Writing-off, Reserve Account .. .. 3,606 17 9 Farm implements .. .. .. .. 3,290 12 9 Treasury Adjustment Account .. .. 274,750 14 2 Plant and machinery (institutional) .. .. 79,199 17 4 Plant and machinery (farm) .. .. 2,670 10 1 Furniture and fittings .. .. .. 51,416 3 1 Stores equipment .. .. .. .. 138,019 5 6 Motor-vehicles .. .. .. .. 2,556 8 7 Surgical instruments .. .. .. 647 9 3 Live-stock .. .. .. .. 31,039 5 0 Stored and growing crops .. .. .. 15,089 14 4 Sundry debtors — £ s. d. Departmental .. .. 352 611 Others .. .. 309,943 6 8 ___ 310,295 13 7 Payments in advance .. .. .. 36 16 11 Assets in Suspense .. .. .. 3,606 17 9 Excess of expenditure over income .. .. 390,007 2 10 £2,612,020 19 8 £2,612,020 19 8 Note. —(a) No charge has been made in farm accounts in respect of patient's labour, (b) The high figure for sundry debtors is due to the fact that, whenever possible, a charge for maintenance has been made up to the 31st March, 1939. Owing to the operation of the Social Security Act, 1938, charges for maintenance in mental hospitals ceased as from Ist April, 1939. Charges against estates which, in the ordinary course, would have been deferred until the death or discharge of the patient have been established up to 31st March, 1939. Theo. G. G-ray, Director-General of Mental Hospitals. F. J. Twiss, Accountant. I hereby certify that the Farm Working Accounts, Institutional Accounts, Income and Expenditure 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, subject to the departmental notes cnfaced thereon, and to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

83

B.—l [PT. IV].

NATIONAL PROVIDENT AND FRIENDLY SOCIETIES DEPARTMENT. NATIONAL PROVIDENT DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. Income. £ s. d. Administration charges— £ s. d. £ s. d. Balance carried down .. .. .. 128,104 19 8 Salaries 10,957 11 10 Audit .. .. .. 175 0 0 Pees for certificates of birth, &c. 50 0 0 Rent .. .. .. 1,093 15 2 Commission, allowances, and agency expenses .. 5,595 14 6 Postages, telegrams, &c. .. 238 16 2 Telephone services .. .. 144 11 7 Government Actuary : Services 919 11 0 Post and Telegraph Department: Services .. .. . ■ 628 19 6 Travelling allowances and expenses .. .. . • 367 4 3 Printing and stationery .. 328 13 4 Fuel, light, power, and water .. 11l 3 4 Removal of offices .. • .. 141 2 3 Office maintenance .. .. 319 8 1 —- 21,071 11 0 Other items — Maternity claims .. .. 40, 632 0 0 State subsidy .. .. 66, 207 2 6 Depreciation.. .. 194 6 2 107,033 8 8 £128,104 19 8 £128,104 19 8 £ s. d. £ s. d. Balance brought down .. .. .. 128,104 19 8 Excess of expenditure over income .. .. 128,161 8 8 Interest on capital .. .. . • 56 9 0 £128,161 8 8 £128,161 8 8 FRIENDLY SOCIETIES DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. Income. £ s. d. Administration charges — £ s. d. £ s. d. Sundry fees .. .. .. .. .. 112 0 Salaries .. •• •• 1,163 18 4 Balance carried down .. .. .. .. 3,930 13 11 Postages and telegrams .. .. 54 18 7 Printing and stationery .. . ■ 109 15 8 Rent .. .. .. ■ • 144 6 6 Telephone services .. . ■ 17 14 5 Travelling allowances and expenses 33 6 8 Government Actuary : Services .. 2,300 0 0 Removal of offices .. .. 28 4 5 Fuel, light, power, and water .. 14 18 7 Office maintenance .. .. 65 2 9 3,932 5 11 £3,932 5 11 £3,932 5 11 £ s. d. £ s. d. Balance brought down.. .. .. •• 3,930 13 11 Excess of income over expenditure .. .. 3,930 13 11 £3,930 13 11 £3,930 13 11 NATIONAL PROVIDENT AND FRIENDLY SOCIETIES DEPARTMET. Income and Expenditure Account for the Year ended 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital Account .. .. .. 1,569 8 7 Office furniture and fittings .. .. .. 800 211 Creditors — Mechanical appliances .. .. .. 769 5 8 Departmental .. .. . • ■ • 203 11 8 Stationery .. .. .. .. . • 325 11 11 Sundry .. .. •• •• •• 1,763 8 6 Stamps .. .. .. .. .. 14 3 2 Writing-off Suspense.. .. .. •• 417 6 Assets Suspense Account .. .. .. 417 6 Treasury Adjustment Account .. .. 130,464 17 6 Excess of expenditure over income—• National Provident Depart- £ s. d. ment .. .. .. 128,161 8 8 Friendly Societies Departpartment .. .. 3,930 13 11 — 132,092 2 7 £134,006 3 9 £134,006 3 9 R. Sinel, Superintendent. R. M. Porteous, Accountant. I hereby certify that the Income and Expenditure 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].— Cyril G. Collins, Controller and Auditor-General.

84

B. 1 [PT. IV],

POLICE DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. Income Administrative charges— £ s. d. £ s. d. £ s . a. £ St dSalaries .. .. .. 492,504 14 2 Subsidies from local bodies .. 166 10 0 " •' •' 3,207 810 License fees: xlrms Act .. 3,114 17 6 Office expenses .. .. 1,173 0 4 Sale of confiscated firearms .. 34 19 10 lrintmg and stationery .. 5,224 810 Sale of confiscated liquor .. 146 11 6 I ostage and telegrams .. 4,118 410 Payments for special police services 1,800 14 0 Telephones .. .. 7,677 11 8 5 2 63 12 10 House allowances .. .. 33,669 13 5 Excess of expenditure over income .. .. 663,421 7 0 Iranster expenses .. .. 5,056 4 5 Travelling-expenses .. 15,940 9 0 568,571 15 6 Other charges— Upkeep of bicycles, horses, and motor-vehicles .. .. 14,427 17 7 Freight, cartage, &c. . . 290 8 6 Clothing, stores, &c. .. 11,269 1 1 Fuel,light, water, scavenging 5,918 19 1 Police prosecutions .. 2,488 15 3 Prisoners' rations .. .. 984 10 6 Maintenance and repairs to buildings .. .. 18,108 15 11 Rewards .. .. .. 434 15 0 Medical expenses .. .. 404 7 7 Police examinations .. 192 6 11 Sundry expenses .. .. 40 8 9 Compassionate grants .. 523 6 7 55,083 12 9 | Depreciation on — Buildings .. .. .. 12,417 13 0 Furniture and fittings, &c. .. 1,112 9 1 | Libraries .. .. .. 713 18 4 Arms and accoutrements .. 329 7 7 Motor-vehicles, bicycles, and horses .. .. .. 828 14 1 15,402 2 1 Interest on capital .. .. .. .. 29,627 9 6 £668,684 19 10 £668,684 19 10 Balance-sheet as at 31st March, 1939. Liabilities. Assets. I £ s. d. £ s d Capital: Public Works Fund .. .. 780,102 710 Land .. .. .. 257 383 19 7 Treasury Adjustment Account .. .. 500,376 10 7 Buildings .. .. " '' 333'.332 18 5 Creditors £ s. d. Stores and equipment .. .. .. 7'790 4 1 Departmental .. .. 1,584 17 3 Motor-vehicles .. .. .. .. Vqok 10 Sundry .. .. .. 2,421 17 2 Bicycles .. .. .. .. 100 15 g . . 4,006 14 5 Furniture and fittings .. .. .. 2,912 2 ] Writings-off Suspense Account .. . . 616 7 9 Mechanical office appliances .. . . 243 0 6 Libraries .. .. .. .. 8,066 9 8 Arms and accoutrements .. .. .. 6,131 4 0 Horses .. .. .. .. .. ' 30 0 0 Official stamps on hand .. .. .. 1,074 16 4 Debtors— £ s . a. Departmental .. .. 18 1 4 Sundry .. .. .. 72 10 4 90 11 8 Assets in Suspense .. .. .. 616 7 9 Excess of expenditure over income .. .. 663,421 7 0 £1,285,102 0 7 £1,285,102 0 7 Note. The proportion of police to population was 1 to 1,129, and the cost per inhabitant for the year 1938-39 (exclusive of expenditure on the erection and maintenance of buildings, interest, and depreciation charges) was 7s. 5Jd. R. F. Madden, Secretary, Police Department. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B. ! [Pt„ IV].— Cyril Collins, Controller and Auditor-General.

85

B.—l [Pt. IV].

DEPARTMENT OF SCIENTIFIC AND INDUSTRIAL RESEARCH. Income and Expenditure Account for the Year ended 31st March, 1939.

86

Besearch Dominion Dominion Geological Meteorological Apia j Magnetic ! Total. Head Office. Investigations. Laboratory. Observatory. Survey. Office. Observatory. Observatory, IT 7 -i f o i £ , ,1 £ 8 d £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. . Expenditure. 7 471 12 2 .. ' 15,059 12 8 2,114 2 6 5,294 9 1 10,013 16 9 2,071 3 8 2,089 5 8 44,114 2 6 salaries .. .. •• •• •• • > no! .. .. .. 661 9 8 Advisory Council: Honoraria and expenses .. • • obi y » s . ■ • • • • • j g j 321 1 6 Aerial mapping .. .. •• •• •• I •• • ' 3<) ' 0 0 .. '• •• ! •• 30 0 0 periodical papers fii'lO 4 " 11215 5 8 13 3 39 3 7 43 2 4 12 8 1 9 18 4 277 11 4 Chemicals, apparatus, and repairs to apparatus .. •• I •• oka a a " " 15 0 0 i .. '265 0 0 Expenses of officers travelling overseas .. • • j •• j •• zou u •• 199 13 0 •• •• 199 13 0 Field expenses .. .. •• •• j •• 21310 5 " 41 17 9 '• ' •• 255 8 2 Freight and cartage •• 690 4 11 55' 0 2 60 5 7 67 14 4 .. 38 1 11 1,010 18 11 Fuel, light, power, and water .. . • • • a 19 7 " 8 17 10 1 1 0 90 1 9 .. 100 13 2 General expenses .. .. ■ • • • • • *' " 20 0 0 • • ! • • 20 0 0 Grounds: Maintenance .. .. •• „ " " " " " .. I .. 183 18 0 Grant to A.N.Z.A.A.S. .. • • • • • ■ *83 'J J '' ' ! 65 0 0 Grant to New Zealand representatives to meeting of 65 0 0 A.N.Z.A.A.S. 250 0 0 Grant to Imperial Institute . • • • • • 250 0 0 .. • • • • • • • • Grant to Royal Society of New Zealand .. • • 750 0 0 .. • • • • • • • • j q q Grant to expenses of visit to New Zealand of Scientific 300 0 0; Liaison Officer . j 286 7 6 25 3 4 309 19 5 162 1 4 I 181 13 4 965 4 11 Instruments, equipment, and repairs thereto . • • • I • • • • 6 3 158 6 3 Instrument allowances . . .. • • • • • • • • • ' ' ' 42 • 342 4 2 Iron and eoal survey .. .. •• •• •• •• dds'll 11 " ' '■ ! 448 11 11 Laboratory accommodation and maintenance .. •• •• " 18*14 1814 Mineral specimens: Preparation and mounting, &c. .... • • • • • • • • 60 10 0 National Research Scholarships .. .• •• 60 10 0 . • ! •• •• •• New Zealand Journal of Science and Technology .. 883 12 10 .. •• iq*18 1 314 17 2 . . 143 18 4 472 13 7 Observatories: Maintenance and establishment .. •• j •• 12 4 1 335 16 6 4 15 3 427 3 11 Office accommodation and maintenance .. .. 74 8 1 .. .. •• i 4 1 105*14 0 54 8 10 .. 204 19 3 Office fittings and requisites ...... o 10 y . . 44 9 44 7 9 Overtime and meal allowance .. •• •• - *' no ic o oa n c aa n ft * 17K "7 8 6 3 4 5 507 5 11 Postages and telegrams, rent of boxes, and broadcasting | 169 10 o .. /3 lo 2 36 11 8 of weather reports j 262 19 9 64 15 1 63 16 4 658 18 1 135 5 1 14 8 9 1,568 16 9 Printing and stationery .. • • • • • • j • 5 °° 10 15 2 1 612 15 2 Printing of bulletins j •• '• 56g " 0 Q 2 96 0 0 315' 0 0 '.! .. 2,594 0 5 Rent •• •• ■' •' '• " I 38 4 0 ■ •• 38 4 0 Subscriptions to technical societies •• 127 18 6 28*14 1 30 17 1 1,583 1 8 .. ; 17 7 6 1,922 7 6 Telephone services I MR 14 3 " 138 6 10 37 14 6 266 15 9 191 7 8 .. 61 5 1 1,092 4 1 Travelling allowances and expenses .. . • • • 39b 14 .. 8 10 .... 233 8 10 Wages of field hands .. •• •• •• - I 37' 5 9 3 17 5 379' 9 8 89* 2 7 208'l9 7 4,155 18 6 Provision for depreciation of fixed assets .. •• 80 1 '' 1 n 22 3 3 Losses: Assets broken, lost, or destroyed .. ■■ : •• 1Q 2 1 a '■ ■■ | •• j " '' j 3,512 19 2 Animal research .. .. .. •• •• •• I 3,512

B.—l [Pt. IV],

87

Plant chemistry 2, 009 3 10 .. .. ..I 009 3 10 Dan"~r° nS 435 10 7 •• '■ - " 435 10 7 S— :: :: ;; ;; •; YX * * .. .. .. .. .. .. 18>170 3 5 Food investigations: Cool storage .. .. .. .. '3 15 jy 7 " j " " 1 " " " in 7 Fruit research .... k 1R o " " " ! " " •* di5 10 7 GeOT)hvsiffl 1 * * '* ** « ** '* •• •• •• •• 5,279 16 8 prospecting .. .. .. .. .. 3,367 0 9 .. i .. .. .. q qa 7 a Q Imperial Agricultural Research Bureaux .. .. .. 6 931 5 9 a'qqi ~ o Miscellaneous researches .. .. .. i '40a n o " " " " " '* ? Plant research " A " •• •• •• 1,439 0 3 T»J- 1 "* •' •• •• •• 41,394 17 8 . . 41 QQ4 17 « Radio research .. 1 QO k 1a 0 '* 1/ o Research associations — ' ** ** *• •• •• 1,925 16 2 Woollen manufacturers ...... 9 u 9 ! « Tnhflppn " "■ *• •• •• •• •• 2,310 14 2 t ,, , , * * •• •• •• •• • • 2,487 16 4 .. ... 2 487 16 4 Leather and shoe ..... 1 ak q ia m " " *,*0/ 10 4 Social science research .. . 2*218 16 fi *" " 1,453 16 10 c -1 T ' ' • • • • Z.Zlo 10 t> ! 9 91 o 1A A boil surveys and mineral content of pastures .. .. 12 147 0 3 ! " i " " ! " ,«'f:2 „ , Standards Institute .. k' oa« an " " ! " " " i " ' fcKBrr- :: :: :: :: :: {•«» :: i - " :: " " iS»« •• °' 829 10 4 .. .. .. .. . 6,829 10 4 12,213 0 11 126,326 6 3 22,301 17 0 3,311 13 7 8,066 2 0 19,175 9 9 2,950 7 10 2,775 17 1 197,120 14 5 feiorSa f r ard 12 'l? 3 h 9 ?'ln 1 \ 19 ' 848 3,311 13 d 7 7,974 S 1 d 4 9,324 *i % 2,574 10 U 2,775 17 *i 150,995 3 *2 P " " '• '• 145 16 5 1,959 0 0 342 7 0 42 8 3 146 4 0 47 4 0 74 17 0 51 12 11 2,809 9 7 12,358 17 4 94,932 8 1 20,190 16 9 3,354 1 10 8,120 5 4 9,371 5 6 2,649 7 11 2,827 10 0 153,804 12 9 Analysis fees .. Income - _ £ s. d. £ s. d. £ s d £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ _ s. d. Contributions by industrial interests .. .. .. 17 497 6 1 ' ** ** "* ** * 2,453 7 3 Contributions to Apia Observatory .. ' ** *" "" _ ** "" 17,407 6 Orchard-tax . .. .. .. " " Q " •• 375 16 11 .. 375 16 11 Sales of bulletins, maps, &c. .. .. .. , # 52 17 0 Q-2 0 8 558 Sales of fruit and dairy-produce, Wheat Research .. 13,585 14 5 " " - ~ < .. .. .. ® Laboratory fees, and miscellaneous " " ' ° 6 ■■ ■■ ! i 8 Wage subsidies .. .. .. .. 13 11 Balance carried forward .. .. .. .. 12,213 0 11 92,973 8 1 19,848 9 9 3,311 13 7 7,974 1 4 9,324 1 6 2,574 10 11 2,775 17 1 3 2 12,213 0 11 126,326 6 3 22,301 17 0 3,311 13 7 8,066 2 0 19,175 9 9 2,950 7 10 2,775 17 1 197,120 14 5 Excess of expenditure over income 12,358 17 4 94,932 8 20 j 9 Q 16 '<) 3,354 \ W 8,120 5 4 9,371 5 *6 2,649 7 U 2,827 10 0 12 12,358 17 4 94,932 8 1 j 20,190 16 9 3,354 1 10 8,120 5 4 9,371 5 6 2,649 7 11 2,827 10 0 153,804 12 9

B.—l [Pt. IV],

DEPARTMENT OF SCIENTIFIC AND INDUSTRIAL RESEARCH— continued. Balance-sheet as at 31st March, 1939.

F. R. Callaghan, Acting-Secretary. R. D. McGillivray, Accountant. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV] and to the following comment: The value of consumable stores on hand is not recorded in the accounts.— Cyril Collins, Controller and Auditor-General.

88

_ . nm \ Research I Dominion Dominion | Geological ! Meteorological | Apia I Magnetic I T t . Meaa umce. | i nves tjg a tions. j laboratory. Observatory, j Survey. j Office. j Observatory, j Observatory. | Liabilities. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Capital — - c Public Works Fund .. . • • • • ■ • • ,224 5 8 .. . • ■ • • • • • • • 27,224 5 8 Consolidated Fund .. .. .. 3,785 9 0 33,377 4 4 8,654 8 6 1,137 17 4 3,876 10 10 1,230 13 4 2,350 2 6 1,197 9 11 55,609 15 9 • •• 43 13 7 2,484 5 9 66 14 5 17 1 2 50 6 7 98 16 0 7 3 6 11 13 2 2,779 14 2 Departmental .. .. •• 39 9 1 586 5 1 59 3 11 20 5 2 18 17 10 224 13 3 .. 0 3 3 948 17 7 Amounts held on deposit — Apia Observatory .. .. •• •• . • •• •• •• •• 957 9 0 .. 957 9 0 Sales of British Standards specifications .. .. .. 55 16 2 .. .. .. .. .. . • 5o 16 2 Advances for research purposes .. .. • • • • 50 0 0 .. • • • • j ■ • • • • • 50 0 0 Writings-off Suspense Account .. .. • • • • 20 18 3 1 5 0 .. . ■ .. .. . ■ 22 3 3 Treasury Adjustment Account 12,345 9 6 92,395 0 3 20,579 18 8 3,329 4 8 14,271 1 1 9,065 13 8 2,642 4 5 2,824 8 3 157,453 0 6 16,214 1 2 156,193 15 6 29,361 10 6 4,504 8 4 18,216 16 4 10,619 16 3 5,956 19 5 4,033 14 7 245,101 2 1 Assets £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Land . .. .. •• •• 4,717 15 2 .. .. .. 330 .. .. 4,720 18 2 Buildings' .. •• •• •• 28,888 10 5 .. 12 17 7 .. 64 8 9 1,591 12 5 314 19 8 30,872 8 10 Furniture and fittings .. .. .. •• 291 6 8 2,721 2 3 398 6 11 63 9 10 181 8 3 301 12 3 140 8 10 56 1 7 4,153 16 7 Mechanical office appliances .. .. •• 62 19 8 828 12 6 80 6 6 42 11 11 14 1 4 142 19 10 64 18 7 117 19 9 l,3o4 10 1 Libraries and books .. .. .. • • 414 8 8 1,066 4 6 1,591 11 1 133 0 7 55 6 7 59 1 8 37 10 10 38 13 7 3,395 17 6 Technical instruments, apparatus and equipment .. 43 0 0 14,393 7 4 5,551 12 8 868 7 8 311 2 3 646 15 3 504 2 7 663 17 10 22,982 5 7 Platinumware .. .. • • ■ • • • • • • • 976 7 9 . . .. • ■ . ■ .. 976 7 9 Plant and machinery .. .. • • • • • • 658 10 6 .. .. . • • • • • • • 608 10 6 Motor-vehicles .. .. .. .. 3,58733 .. .. .. .. -• 3,58733 Bicycles and other transport equipment .. .. .. 21 6 3 .. .. • • • • 4 9 0 .. 25 15 3 Horses and harness .. .. .. 113 18 8 .. Permanent improvements, roading, fencing, &c. .. .. 648 12 1 .. .. . . . . .. .. 648 12 1 Tools and equipment .. .. 1,535 14 7 56 3 7 17 9 9 45 19 9 12 12 7 7 0 3 5 17 6 1,680 18 0 Lithographic blocks, slides, and plates .. .. .. •• 21 6 11 .. , .. 21 6 11 Fossil and collections .. .. . • • • • ■ • • • • • • ® > 0 0 .. .. .. 6,205 0 0 Stocks of saleable publications .. .. .. 2,973 14 0 1,420 12 6 .. .. 3,247 5 9 .. .. .. 7,641 12 3 Stamps on hand .. .. .. .. •• 41 10 11 112 11 4 4 10 3 9 6 7 5 15 10 12 9 5 .. 8 14 8 194 19 0 Debtors — Sundry .. • • • • 6 18 2 155 5 6 .. .. 0 5 0 1 11 0 .. .. 163 19 8 Departmental .. .. . . • • • ■ 21 5 9 265 6 2 510 10 0 3 2 7 8 19 4 3 17 0 .. .. 813 0 10 Assets in Suspense . . • • ■ • • • • • 20 18 3 1 5 0 . . .. .. .. .. 22 3 3 Advances for research purposes .. . • ■ • • - 50 0 0 .. . . .. .. .. .. 50 0 0 Cash in Consolidated Fund Deposits Accounts .. .. 55 16 2 .. .. .. .. 957 9 0 .. 1,013 5 2 Excess of expenditure over income .. .. .. 12,358 17 4 94,932 8 I 20,190 16 9 3,354 1 10 8,120 5 4 9,371 5 6 2,649 7 11 2,827 10 0 153,804 12 9 16,214 1 2 156,193 15 6 29,361 10 6 4,504 8 4 18,216 16 4 10,619 16 3 5,956 19 5 4,033 14 7 245,101 2 1

B.—l [PT. IV].

PUBLIC SERVICE COMMISSIONER'S OFFICE. Income and Expenditure Account foe the Year ended 31st March, 1939. Expenditure,. £ s. d. Income. £ s . d. Salaries .. .. .. .. .. 12,672 16 1 Examination fees .. .. .. .. 755 11 2 Advertising, &c. .. .. .. .. 20 9 6 Balance carried down .. .. .. 15,386 8 11 Office fittings and requisites .. .. .. 58 18 1 Printing and. stationery .. .. .. 381 6 3 Postage and telegrams .. .. .. 211 13 3 Bent .. .. .. .. .. 588 14 8 Telephones .. .. .. .. .. 129117 Travelling-expenses .. .. .. .. 559 2 11 Appeal Board .. .. .. .. 1,038 16 1 Overtime and meal allowances .. .. 255 19 1 Official visit of inspection to Rarotonga .. 145 0 0 Legal expenses .. .. .. .. 43 1 2 Depreciation .. .. .. .. 36 11 5 £16,142 0 1 £16,142 0 1 £ s. d. ' - £ s. d. Balance brought down .. .. .. 15,386 8 11 Excess of expenditure over income .. .. 15,405 17 5 Interest on capital .. .. .. .. 1986 £15,405 17 5 £15,405 17 5 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. ylssets. £ s. d Capital Account .. .. .. .. 689112 Office furniture .. .. .. .. 689 11 2 Treasury Adjustment Account .. .. 15,397 19 11 Stationery on hand .. .. .. .. 80 10 0 Sundry creditors— .. £ s. d. Official stamps .. .. .. .. 6 8 2 Departmental .. .. .. 39 17 10 Excess of expenditure over income .. .. 15,405 17 5 Others .. .. .. .. 54 17 10 94 15 8 £16,182 6 9 £16,182 6 9 G. T. Bolt, Secretary, Public Service Commissioner. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts as appearing at commencement of parliamentary return 8.-l [Pt. IV].— -Cyril G. Collins, Controller and Auditor-General.

12— B. 1 [PT. IV],

89

B.—l [PT. IV].

STAMP DUTIES DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. £ s. d. Jncame. £ s. d. Freight and cartage .. .. •• 18 18 2 Death duty .. .. •• I>*>79 t Office equipment .. .. .. •• 34 19 10 Duty on instruments .. .. •• 391, b42 17 9 Postage and telephones .. .. •• 1,321 7 0 Fines and penalties .. .. •• f Valuation fees .. .. .. • • 13 15 7 Adhesive stamps .. .. .. •• 144,019 0 0 Advertising .. •• 150 14 2 Impressed stamps .. .. 235,09/ 10 11 Travelling and transfer fees.. .. .. 284 6 1 Miscellaneous receipts .. .. . . 56 12 9 Fuel, light, and cleaning .. .. •• 723 1 6 Licenses to companies .. .. .. 90,871 17 7 Law-costs .. .. •• 289 15 11 Gift duty .. .. .. t - Rent .. .. .. •• •• 2,774 10 6 Amusements-tax .. .. .. •• 92,393 3 <> Salaries .. .. .. .. 27,863 13 5 Overseas passenger duty .. .. 29,173 3 0 Interest on succession dutj (refund).. .. 638 11 2 Racing revenue .. II J Cost of stamp printing .. .. . • 1,425 5 8 Sharebrokers'licenses .. .. . . l,Bbl 14 b Stamping machine (maintenance) .. .. 35 3 1 Mortgagees'indemnity fees 1,842 18 0 Printing and stationery .. .. .. 1,564 12 3 Lottery duty .. .. .. •• 18,210 18 Typewriters (maintenance) . • • • 8 6 10 Miscellaneous expenses .. .. . ■ 0 16 6 Refund totalizator-tax .. .. 46,799'14 0 Depreciation . ■ • • • • • • 961 17 6 Compassionate allowance to widow of deceased officer .. .. . • • • • • 112 0 0 Overtime and meal allowances .. .. 211 4 0 Loss on equipment disposed of .. .. 16 3 Balance carried down .. .. 3,394,499 6 7 £3,479,733 6 0 £3,479,733 6 0 £ s. d. £ s. d. Interest on capital .. .. .. 157 6 8 Balance brought down .. .. .. 3,394,499 6 7 Balance, excess income over expenditure .. 3,394,341 19 11 £3,394,499 6 7 £3,394,499 6 7 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. •• 3,543 17 7 Furniture .. .. •• •• 384 17 5 Creditors £ s. d. Mechanical appliances .. . • • • 130 9 6 Departmental .. .. 757 0 1 Machinery .. .. .. •• 2,853 10 8 For refunds .. .. 6,729 610 Library .. .. .. .. 175 0 0 Sundry . .. 212 16 6 Assets in Suspense .. .. 12,059 3 3 7,699 3 5 Debtors-Writing-off reserve .. .. •• 12,059 3 3 Sundry .. .. .. .. 343,355 2 6 Sundry depositors.. .. •• •• 231 18 4 Departmental .. .. .. .. 88,614 19 8 Excess of income over expenditure .. .. 3,394,341 19 11 Deposit Accounts: Departmental .. .. 231 18 4 Treasury Adjustment Account .. .. 2,970,071 1 2 £3,417,87b 2 6 £3,417,876 2 6 P. G. Pearce, Commissioner of Stamp Duties. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].— Cyril G. Collins, Controller and Auditor-General.

90

B.—l [PT. IV],

STATE FIRE INSURANCE OFFICE. Revenue Account op the State Fire Insurance Office for the Year ended 31st December, 1938. £ s. d. £ s. d. Premiums after deduction of reinsuranoec .. 193,500 11 1 Bonus rebate to policyholders .. .. 37,746 13 10 Other receipts £ s. ci. Losses by fire and earthquake (after deduction of Interest, commission, and rent 48,247 7 0 reinsurances) .. .. .. 30,83996 Less land-tax .. . 2,148 7 6 Income-tax.. .. .. .. .. 32,288 0 0 46,098 19 6 Commission .. .. .. .. 10,109 11 3 Salaries .. .. .. .. .. 32,347 16 10 Contributions to Public Service Superannuation Fund .. .. .. .. .. 430 0 0 Contribution to Fire Boards under the Fire Brigades Act, 1908 .. .. . . 10,491 12 7 Expenses of management— £ s. d. Travelling-expenses .. . . 2,824 0 2 Printing, stationery, and advertising .. .. . . 2,172 3 10 Rent .. .. .. 1,296 3 1 Exchange .. .. .. 54 . 6 4 Postages, telegrams, cablegrams, and sundry charges .. 3,380 9 2 9,727 2 7 Office equipment .. .. .. .. 2,322 12 4 Office premises: Depreciation .. .. 3,71912 5 170,022 11 4 Investments Fluctuation Reserve .. .. 16,000 0 0 Reinsurance Reserve .. .. .. 30,000 0 0 Office premises: Written off .. .. .. 23,000 0 0 Amount of fire-insurance funds at end of ypsir .. 576 19 3 £239,599 10 7 £239,599 10 7 Balance-sheet of the State Fire Insurance Office on the 31st December, 1938. Liabilities. .......... Assets. Capital authorized by the State Fire £ £ s. d. £ s. d. Insurance Act, 1908 .. .. 100,000 Government securities .. .. .. 642,930 12 0 Less not raised .. .. .. 100,000 Local-authority securities .. .. .. 270,166 611 Nil. Rural Advances bonds .. .. .. 14,175 0 0 Bad Debts Reserve .. .. .. .. 1,500 0 0 Fixed deposits and at short call .. .. 90,000 0 0 Reserve Fund .. .. .. .. 746,583 11 0 Land and buildings .. .. .. .. 164,892 3 2 Investments Fluctuation Reserve Fund .. 75,000 0 0 Outstanding premiums .. .. .. 12,187 18 7 Reserve for unearned premiums .. .. 104,246 911 Interest accrued but not due .. .. .. 10,359 13 3 Bonus Rebate Reserve .. .. .. 112,500 0 0 Rent accrued or due .. .. .. 3,725 13 1] Reinsurance Reserve Fund .. .. .. 120,000 0 0 Rent overdue .. .. .. .. 138 0 0 Premium and other deposits .. .. .. 1,257 7 7 Cash in Reserve Bank of New Outstanding fire and earthquake losses .. 2,275 0 0 Zealand at Wellington, or in £ s. d. Government taxes .. .. .. .. 32,967 2 0 transit to Wellington .. 48,298 0 8 Sundry creditors .. .. .. .. 43,951 17 4 Imprest Account balances: Head Other amounts owing by the Office — £ s. d. Office and branches .. .. 946 3 1 Reinsurance premiums due .. 11,466 3 9 — 49,244 3 9 Commission .. .. 2,283 16 0 Printing, stationery, and advertising .. .. .. 64 8 0 Postages and sundry charges .. 3,146 16 9 —— 16,961 4 6 Fire-insurance funds, as per Revenue Account .. 576 19 3 £1,257,819 11 7 £1,257,819 11 7 J. H. Jerram, General Manager. L. H. Osborn, Deputy General Manager. I hereby certify that the Revenue 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.— J. H. Fowler, Controller and Auditor-General.

91

B.—l [PT. IV],

STATE FIRE INSURANCE OFFlCE—continued. Revenue Account of the Accident Branch of the State Fire Insurance Office for the Year ended 31st December, 1938. £ s. d. £ s. cl. Premiums after deduction of reinsurances .. 202,279 10 0 Free-year bonus on personal accident policies .. 327 1 5 £ s. d. Claims .. .. .. .. .. 140,806 1 1 Interest .. ~ .. 18,082 4 5 Commission .. . • •• 7,179 0 3 Less land and income tax .. 0,066 2 6 Salaries .. .. .. .. .. 18,699 16 5 — 12,016 1 11 Contribution to Public Service Superannuation Profit on realization of securities .. .. 485 18 7 Fund .. . . .. .. . • 194 3 7 Expenses of maoiagement .. ... . .. 6,920 14 3 Further appropriation to reserve for unearned premiums .. .. .. .. 31,649 6 3 205,776 3 3 Further appropriation to Investment Fluctuation Reserve .. .. .. . ■ .. 9,000 0 0 Amount of Accident Funds, 31st December, 1938 5 7 3 £214,781 10 6 £214,781 10 6 Balance-sheet of the Accident Branch of the State Fire Insurance Office as on the 31st December, 1938. Liabilities. £ s. d. Assets. £ s. d.. Accident funds, as per Revenue Account. .. 5 7 3 Government securities .. .. .. 212,515 0 0 Outstanding accident claims .. •• •• 102,510 0 0 Local-authority securities .. .. .. 214,480 18 11 Government taxes .. .. •• •• 6,341 0 0 Rural Advances bonds .. .. .. 4,725 0 0 Commission . • • • • ■ • • 1 > 503 0 1 Property under agreement for sale and purchase 3,980 0 0 Premiums and other deposits .. 1,049 0 0 Fixed deposits and at short call .. .. 32,620 0 0 Sundry creditors .. •• 155 0 0 Interest accrued but not due .. .. .. 4,147 16 10 Reinsurance premiums due .. •• •• 524 15 3 Agents'balances .. .. . • • • 10,855 611 Officers' Fidelity Fund .. .. • • 500 0 0 Sundry debtors, including Motor-vehicles InsurReserve for unearned premiums .. .. 105,508 19 9 ance (Third-party Risks) Act pool .. .. 80,619 0 1 Investment Fluctuation Reserve .. .. 50,000 0 0 Cash in hand on current account .. .. 20,873 17 4 Reinsurance Reserve .. •• •• 40,000 0 0 Bad Debts Reserve .. .. . ■ • - 1 >000 0 0 Reserve Fund constituted under section 6 of the Government Accident Insurance Amendment Act, 1924 275,719 17 9 £584,817 0 1 £584,817 0 1 J. H. Jerram, General Manager. L. H. Osborn, Deputy General Manager. I hereby certify that the Revenue 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. — J. H. Fowler, Controller and Auditor-General. TEACHERS' SUPERANNUATION FUND. Revenue Account for the Year ended 31st January, 1939. £ s. d. £ s. d. Balance 31st January, 1938 .. .. .. 834,465 9 6 Retiring and other allowances .. .. 329,098 18 11 Contributions of members .. .. .. 145,633 14 7 Contributions refunded— £ s. d. Contributions transferred from other funds .. 291 9 4 On voluntary retirement .. 34,217 211 Additional contribution from Fiji Government in On death of members .. 5,35117 4 respect to teachers in Fiji schools .. .. 305 17 1 On lapse of membership .. 817 15 0 Government subsidy— £ s. d. —- 40,386 15 3 Under section 9 Finance Act Rebate of contributions under National Expendi(No. 2), 1937 ' .. .. 123,000 0 0 ture Adjustment Act, 1932, section 9 (2) to Under section 9, Finance Act, annuitants .. .. .. .. 318 8 6 1938 .. .. 113,000 0 0 Contributions transferred to other funds .. 1,060 1 3 Under the Act, section 112 .. 82,416 13 4* Administration expenses— £ s. d. Under the Act, section 114 . . 4,934 710 Commission, G.P.O. .. 637 9 6 On account of reduction of Commission, Public Trustee .. 1,148 18 10 interest during year ended Clerical assistance .. «. 900 0 0 31st March, 1938, under Postage and telegrams .. 100 0 0 National Expenditure Ad- Office expenses .. .. 105 13 4 justment Act, 1932 .. 6,324 0 0 Travelling-expenses of Board 329,675 1 2 members .. .. 73 17 1 Interest— Medical fees .. .. 28 7 " On investments .. .. 41,105 13 3 Audit fees .. .. 50 0 0 On contributions in arrpars 774 6 3 — " 3,044 5 9 — Reserves for— 41,879 19 6 Losses on investments .. 2,000 0 0 Less investments written Actuarial Examination, 1939 300 0 0 down (proportion of — 2 premium on purchase Balance at 31st January, 1939 .. • • 975,734: 17 o of investments) .. 308 4 3 41,571 15 3 £1,351,943 6 11 £1,351,943 6 11 * This amount includes £39,4.16 13s. 4d. received in 1937-38, and previously shown as paid in advance. COST-OF-LIVING BONUS ACCOUNT FOR THE YEAR ENDED 31st JANUARY, 1939. £ s. d. £ s. d. Refund from Consolidated Fund .. .. 1,675 4 3 Balance due from Consolidated Fund, January, 1938 260 710 Balance due from Consolidated Fund, 31st January, Payment of bonus .. .. .. .. 1,547 19 3 1939 .. • • • • • • • • 133 2 10 £1,808 7 1 £1,808 7 1

92

B.—l [PT. IV].

TEACHERS' SUPERANNUATION FUND—continued. Balance-sheet as at 31st January, 1939. Liabilities. £ s. d. Assets. Fund as per Revenue Account .. .. 975,734 17 3 Amount held by Public Trustee— £ s. d. £ s. d. Retiring and other allowances due and unpaid .. 2,549 2 7 Invested * .. .. 963,538 2 6 Refund of contributions due and unpaid .. 819 15 8 Uninvested .. .. 965 10 2 Administration expenses unpaid— yg4 503 12 y Commission, Post and Tele- £ s. d. Premium paid on purchase of graph Department .. 208 4 0 Investments .. .. 3,138 18 4 Clerical assistance .. .. 750 0 0 Less amount written off .. 308 4 3 Postage and telegrams .. 83 6 8 2 830 ] 4 1 Office expenses, printing, and Amounts paid to protect securities .. 216 ] 4 stationery .. .. 10 4 5 j Contributions of members— Audit fee.. .. .. 41 13 4 In transit .. .. .. 3,848 12 10 1,093 8 5 Due and outstanding .. 3,222 8 1 Unclaimed contributions .. .. 1,408 5 5 7 071 0 II Amounts paid into fund in error .. 11 14 3 Interest on investments — Rent received from securities Due and outstanding .. 6,424 18 8 leased .. .. .. .. 527 7 1 Accrued, but not due .. 10,569 3 6 Reserve— 16,994 22 Eor commission payable to Interest on arrears of contribuPublic Trustee in respect to tions due and outstanding interest due or accrued .. 573 11 8 (contributors) .. .. .. 350 17 9 Eor commission to Post and Due by Consolidated Eund for Telegraph Department in re- Cost-of-living Bonus .. .. 133 2 10 spect to vouchers issued but Government Subsidyunpaid .. .. .. 41 10 0 Additional subsidy under secFor cost of actuarial examination 114, Public Service tion .. .. .. 320 0 0 Superannuation Act, 1927, 935 1 8 not yet paid .. .. 416 22 Reserve for loss on investments — Payable in respect of allowances Balance at 31st January, 1938 2,501 11 5 outstanding at 31st January, Add Reserve, 1938-39 .. 2,000 0 0 1939 .. ~ .. 107 17 5 I 523 19 7 4,501 11 5 Less interest written off, £1,767 3s. lid.; less capital written off £160 12s. 6d. 1,927 16 5 2,573 15 0 Vouchers issued but unpaid at 31st January, 1939 .. 22,456 4 5 Less cash in Post Office Account 15,486 0 5 6,970 4 0 £992,623 11 4 £992,623 11 4 | ================== Notes. Since the closing of the accounts for the year the Government has given a further subsidy on account of the loss suffered by the reduction of interest under the provisions of the National Expenditure Adjustment Act, 1932, during the year to 31st March, 1939. The amount for the period to 31st January, 1939, not included in the year's accounts, is £5,022. The liability under section 9 (2) of the National Expenditure Adjustment Act, 1932, as amended by section 25 of the Finance Act (No. 2), 1932-33, in respect to the rebate to those contributors who did not elect to continue to contribute on the higher rate of salary before the reductions in 1932 has not been taken into account in the foregoing statement. The contingent liability in this respect is estimated at £4,000. A. B. McKinnon, A.R.A.N.Z., Secretary, Teachers' Superannuation Board. I hereby certify that the Revenue 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, subject to the departmental notes enfaced thereon.—J. H. Fowler, Controller and Auditor-General.

93

B.—l [PT. IV].

TRANSPORT DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure Income. General administration- £ b. d. £ s. d. Fees under Transport Licensing Act, £ s. d £ s. d. Advertising, books, newspapers . . 170 2 1 1931 .. •• ■■ , Office cleaning .. .. 100 10 4 Less refnnds 243 " ° 34,685 11 7 S n U ,l r L e tir BeS ■' " Fees under Motor-vehicles Act, 1924 .. 101 17 0 42 16 7 Balance 46,581 17 2 Departmental library .. 5 113 Furniture and fittings .. 249 15 7 Mechanical offiee appliances .. 68 15 3 Fuel, light, power, and water . . 116 17 9 Maintenance of mechanical office appliances .. • • • • 24 4 6 National Safety Council expenses 21 15 10 Overtime and meal allowances .. 59 14 11 Postages and telegrams . . 923 17 1 Printing and stationery • • 1,100 2 0 Rent of offices 1,382 2 10 Road transport compensation: Tribunal expenses .. • ■ 140 1 6 Salaries .. •• •• 16,349 1 0 Telephone services . • • • 469 010 Travelling-expenses .. •• 293 19 4 Bad debts written off .. • • 25 17 6 Cost of transfer of District Office, Wellington, to Civic Chambers 19 11 1 Alterations and repairs to offices 77 1 1 21,661 19 6 Expenses of Licensing Authorities — Advertising .. • • • ■ 491 7 7 Depreciation: Motor-cars . ■ 193 4 0 Travelling-allowances .. • • 487 17 0 Car-running expenses .. .. 412 6 7 Expenses of Conference .. 35 5 9 Salaries .. • • • • 2,400 0 0 Services of Registrar of Motorvehicles .. • • •• 373 10 9 Travelling-allowances — Secretaries . . • ■ • ■ 257 11 9 Inspection of accounts .. 1,076 4 9 r 5,727 8 2 Vehicle-inspection — Car-running expenses .. •• 2,263 12 10 Depreciation— Motor-cars .. • • ■ • 660 2 3 Brake-testing machines .. 17 12 8 Ramp . • • • • • 2 15 9 Equipment .. ■ • • • 83 19 5 Salaries ■ ■ • ■ ■ ■ 7,894 10 7 Services of Public Works Department .. •■ •■ 305 14 0 Telephone services .. ■ ■ 101 15 8 Travelling-expenses . • 999 11 5 Cardamage 64 ° 12,393 18 7 Traffic Inspection— Car-running expenses .. .. 9. 684 9 4 Depreciation — Motor-cars .. •• 2,664 9 7 Loadometers ■ ■ ■ • '37 13 0 First-aid equipment .. . • 5 11 6 Loud-speaker equipment . . 2 5 10 Sirens • • • ■ ■ ■ 22 ] 2 Fees for courses of instruction . ..5 4 6 Maintenance of equipment .. 138 10 5 Printing and stationery 110 10 1 Purchase of other equipment . . 198 4 4 Salaries .. •• •• ® Telephone services .. • • 1,085 18 10 Translation fees and witnesses' expenses .. • • • • ® ® Travelling-expenses .. •• 2,267 4 4 Uniforms • • • • • ■ '1® Car damage . . • • • • 15 0 0 Expenses consequent on death of Traffic Inspector .. • • 96 8 5 Assistance to local bodies .. 1717 8 — 33,068 17 8 Civil engineering— Accident statistics . • • ■ 300 0 0 Printing and stationery . . 16 1 1 Salaries .. ■■ •• l.ll® f ® Travelling-expenses .. • ■ 120 5 7 Depreciation ° " 1>656 211 Safety education and propaganda — General education and propaganda 5,677 11 7 Travelling-expenses .. • ■ 234 810 Salaries •• •• 1,049 18 6 Salaries .. 6 961 18 n £81,369 5 9 £81,369 5 9 £ s. d. £ s - d. t. , .. 46,581 17 2 Recovery of expenditure, 1937-38 .. .. 268 4 10 Balance ■ ■ • • • • '' -t> 7 . » Balance ■ • • • 46,840 13 6 Interest on capital .. ■ • • • • • 5J7 1 " balance .. .. £47,108 18 4 £47,108 18 4

94

B.—l [PT. IV].

TRANSPORT DEPARTMENT—continued. Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s . d. Capital as at 31st March, 1939 .. .. 13,395 12 0 Brake-testing machines .. .. .. 306 12 11 Eees under Transport Licensing Act, 1931, received Eirst-aid equipment .. .. .. .. 70 16 4 in advance .. .. .. .. 177 10 6 Eorms and stationery on hand .. .. 600 0 0 Sundry creditors— £ s. d. Furniture and fittings. . .. .. .. 2,006 111 Departmental .. .. 1,390 10 5 Library .. .. .. .. 771011 Other .. .. .. 2,236 010 Loadometers .. .. .. .. 1,521 16 0 3,626 11 3 Loud-speaker equipment .. .. .. 33 17 1 Writings-off, Reserve .. . . .. . . 203 6 8 Mechanical office appliances .. .. .. 530 7 1 Treasury Adjustment Account .. .. 44,841 14 3 Motor-cars .. .. .. .. .. 8,493 9 3 Ramp for vehicle-inspection .. .. .. 41 16 0 Sirens .. .. .. .. ... 290 5 5 Stamps on hand .. .. • .. .. 2704 Sundry debtors — £ s. d. Departmental .. .. 255 7 3 Other .. .. .. 865 11 3 1,120 18 6 Civil engineering equipment . . .. . . 22 19 1 Sundry payments in advance .. .. . . 10 22 Stock of motor-car accessories .. .. ■ .. 47 1 6 Assets in Suspense .. . . .. . . 203 6 8 Income and Expenditure Account .. .. 46,840 13 6 £62,244 14 8 £62,244 14 8 G. L. Laurenson, Commissioner of Transport. C. W. Harper, A.R.A.N.Z., Accountant. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-1 [Pt. IV], —Cyril G. Collins, Controller and Auditor-General.

95

B.—l [PT. TV].

WESTPORT HARBOUR ACCOUNT. Income and Expenditure Account foe the Year ended 31st March, 1939. Expenditure. £ s. d. Income. £ s. d. Dredging .. .. .. .. .. 27,114 14 0 Special coal rate .. .. , .. 21,319 13 1 Harbour-maintenance.. .. .. .. 6,210 7 7 Endowment revenue .. .. .. .. 14,801 16 5 Breakwater-protective works .. .. , . 747 22 Port dues .. .. .. .. .. 4,590 19 10 Cape Foulwind Railway: Maintenance . . .. 261 0 0 Sale of stores, &c. .. .. .. .. 57 ,2 5 Payment to Public Works Department: Westport Hire of plant .. .. .. . . 273 5 9 Harbour improvements .. .. .. 72 16 2 Rent .. . . . . .. . ■ 104 6 0 Working-expenses of tug and launch .. .. 122 15 8 Subsidy from Employment Promotion Fund .. 1,033 15 9 Office administration (local) .. .. .. 1,523 12 5 Supervision of explosives-magazine .. .. 75 O 0 Endowments: Administration expenses.. 415 3 0 Miscellaneous .. .. .. 4 4 0 Audit fees .. .. .. .. .. 35 0 0 Balance carried down.. .. .. .. 15,928 11 11 Telephone services .. .. .. .. 103 7 5 Compensation for accidents .. .. .. 1,060 22 Travelling-expenses .. .. .. .. 25 16 4 Grants, &c. .. .. .. .. .. 5 50 Head Office administration .. .. .. 600 0 0 Depreciation— £ s. d. Buildings .. .. .. 138 11 5 Dredge wharf, &c. .. .. 136 18 5 Dredges, launches, &c. .. 2,255 17 5 2,531 7 3 Interest on loans .. .. .. .. 17,360 6 0 £58,188 15 2 £58,188 15 2 £ s. d. £ s. d. Balance brought down .. t. .. 15,928 11 11 Transfer from General Reserve. . .. .. 1,426 6 7 Transfer to Sinking Fund ' .. .. 6,470 0 2 Excess of expenditure over income .. .. 20,972 5 6 £22,398 12 1 | £22,398 12 1 —— 1 . Balance-sheet as at 31st March, 1939. Liabilities. Assets. Loan Capital: New Zealand Loans Act, 1932— £ s. d. Endowment lands— £ s. d. £ s. d. 3-per-cent. stock .. .. .. .. 237,558 16 6 Leased . . .. .. 36,694 910 4-per-cent. debentures .. .. .. 6,411 15 3 TJnleased .. .. .. 23,049 9 4 5-per-cent. debentures .. .. .. 117,352 18 10 59,743 19 2 Westport Harbour Act, 1920: 5-per-cent. deben- Breakwaters.. .. .. .. .. 344,332 15 3 tures .. .. .. .. .. 8,250 19 6 Training-walls .. .. .. ..102,99800 Protective works and relief channel .. .. 17,384 9 0 369,574 10 1 Limestone-quarry .. .. .. .. 128 0 0 Finance Act, 1932, section 16 .. .. .. 92,421 14 3 Gridiron .. .. .. .. .. 1,405 8 7 —— —— Dredge wharf .. .. .. .. 1,116 0 0 461,996 4 4 Martin's Island .. .. .. .. 700 0 0 Endowment capital .. .. .. .. 59,743 19 2 Harbour buildings .. .. .. .. 2,124 14 7 Sinking Fund Reserve .. .. .. 220,940 13 0 Dredges, tug " Mana," plant, &c. .. .. 13,692 9 9 Writing-off, Reserve Account .. .. .. 36 3 10 Cape Foulwind Railway .. .. .. 8,250 19 6 Payments in advance .. .. .. 480 3 4 Office furniture and fittings .. .. .. 14 19 6 Creditors— £ s. d. Stock and stores .. .. .. .. 5,709 9 2 Accrued interest .. .. 1,132 18 3 Breakwater Repairs Suspense Account .. .. 3,397 12 11 Departmental .. .. 289 15 11 Debtors— £ s. d. Sundry .. .. .. 5,465 4 8 Accrued revenue .. .. 4,768 4 4 6,887 18 10 Departmental .. .. 46 12 9 Treasury Adjustment Account .. .. 59,831 9 1.1 Sundry .. .. .. 2,153 15 7 6,968 12 8 Sinking-fund investments .. .. 220,940 13 0 Writing-off, Suspense Account .. .. .. 36 3 10 Excess of expenditure over income .. .. 20,972 5 6 £809,916 12 5 £809,916 12 5 L. B. Campbell, Secretary of Marine. William C. Smith, Accountant. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

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