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New Zealand State Coal-mines. Balance-sheet of Point Elizabeth Mine at 31st March, 1904 (as required by the Audit Office). Liabilities. £ s. d. £ s. d. , Assets. £ s. d. £ 8. d. Proportion of debentures allocated to Point Elizabeth Mine 80,449 7 1 Point Elizabeth Mme— Proportion of sundry creditors .. .. .. .. 754 411 Cost at 31st March, 1903 .. .. .. .. 4,024 12 3 Proportion of accrued interest payable ... .. .. 1,277 0 0 Additional expenditure during the year .. .. 24,765 7 2 82,480 12 0 28,(8.) 19 o Point Elizabeth Railway— Cost at 31st March, 1903 .. .. .. .. 27,901 8 0 Additional expenditure during the year .. .. 25,084 16 8 * 5 ' 52,986 4 8 Proportion of cost of Greymouth office furniture .. .. • • do 4 < Balance in hand, State Coal-mines Account .. .. 4,032 17 9 Less vouchers passed outstanding .. .. .. 2,694 11 0 £1,338 6 9 Proportion of balance in State Coal-mines Account allocated to Point Elizabeth Mine .. .. .. .. ■ • 66J :j 4 £82,480 12 0 j £82^480 J2__o Balance-sheet of Seddonville Mine at 31st March, 1904 (as required by the Audit Office). Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. Proportion of debentures allocated to Seddonville Mine .. 26,550 12 11 Seddonville Mme— Proportion of sundry creditors .. .. .. .. 754 411 Cost at 31st March, 1903 .. .. .. .. 7,497 9 9 Proportion of accrued interest payable .. .. .. 381 8 5 Additional expenditure during the year .. .. 16,879 11 ~ 27,686 6 3 24,3(6 10 10 Proportion of cost of Greymouth office furniture .. .. .. o i " Sundry debtors .'. .. .. .. .. •• 1,123 1 a Balance in hand, State Coal-mines Account .. .. 4,032 17 9 Less vouchers passed outstanding .. .. .. 2,694 11 0 £1,338 6 9 Proportion of balance in State Coal-mines Account allocated to Seddonville Mine .. .. .. .. .. • • 6 °o r i Profit and Loss Account .. .. .. .. • ■ J3B2_b__l £27,686 6 3 £27,686 6 3 Seddonville Colliery Profit and Loss Account for the Year ended at 31st March, 1904. Dr. Cr. £ s. d. £ s. d. To Coal-winning— £s.d.£s. d. By Sales of coal .. .. .. .. .. 3,523 18 4 Wages .. .. .. .. .. .. 2,662 15 9 Stock of coal on hand .. .. .. .. 221 7 6 Materials used .. .. .. .. .. 234 12 9 3,745 510 Stores used .. .. .. .. .. 70 8 6 Discounts .. .. .. .. .. .. .. 39 0 4 2,967 17 0 Balance loss .. .. .. .. .. .. 882 6 1 Management and office salaries .. .. .. .. 284 10 8 Interest .. .. .. .. .. .. .. 310 17 11 Travelling-expenses .. .. .. .. .. .. 105 5 2 Printing, stationery, and advertising .. .. .. .. 513 1 Railway haulage .. .. .. .. .. .. 874 3 8 Insurance .. .. .. .. .. .. .. 326 General expenses .. .. .. .. .. .. 115 2 3 £4,666 12 3 £4,666 12 3 State Coal-mines Office, Greymouth, 10th July, 1904. Louis H. Eilers, Accountant. P. Heyes, f.s.a.a. Eng., Inspecting Accountant. Examined and found correct— J. K. Warburton, Controller and Auditor-General. The foregoing is the balance-sheet and statements of accounts drawn up as required by the Audit Department in accordance with section 14 of " The State Coal-mines Act, 1901." Jas. McGowan, Minister of Mines. 1

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