O.—3b

Balance-sheet op the New Zealand State Coal-mines. Statement of Liabilities and Assets at Slst March, 1906. Liabilities. £ a. A. £ s. d. Assets. £ s. d. £ s. d. Debenture loan .. .. .. .. 140,000 0 0 Point Elizabeth Colliery and Development Property Account— Sundry creditors .. .. .. .. 13,533 19 7 Cost at 31st March, 1905 .. .. .. .. ... 18,4:26 5 4 Accrued interest .. .. .. .. 2,450 0 0 Less depreciation .. .. .. .. .. .. 1,842 12 6 Debenture Sinking Fund .. .. .. 2,800 0 0 18,783 19 7 16,583 12 10 Additional outlay during the year .. .. .. .. .. 1,094 9 2 General Profit and Loss Account— Balance of profit at 31st March, 1905 .. 10,360 4 9 17,678 2 0 Net profits for the year ended 31st March, Depreciation, 10 per cent. .. .. .. .. .. .. 1,767 16 2 1906 .. .. .. .. 14,647 10 4 ■ 25,007 15 1 15,910 5 10 Machinery, plant, ropes, and rolling-stock— Cost at 31st March, 1905 .. .. .. .. £18,605 3 1 Less depreciation .. .. .. .. 1,860 10 4 16,744 12 9 Additional outlay during the year .. .. .. 3,96 C 19 6 20,711 12 3 Depreciation, 10 per cent... .. .. .. 2,071 3 3 18,640. 9 0 Buildings at mme— Cost at 31st March, 1905 .. .. .. .. £2,010 5 3 Less depreciation.. .. .. .. .. 201 0 6 1,809 4 9 Additional outlay during the year .. .. .. 168 5 5 1,977 10 2 Depreciation, 10 per cent... .. .. .. 197 15 0 1,779 15 2 Cottages— Cost at 31st March, 1905 .. .. .. ... 300 0 0 Less depreciation .. .. .. .. 30 0 0 270 0 0 Depreciation, 10 per cent... .. .. .. 27 0 0 243 0 0 Stores (stock on hand) .. .. .. .. 1,064 7 7 Timber (stock on hand) .. .. .. .. 83 9 6 Coal (stock on hand at mine) .. £137 8 4 Coal (stock on hand at wharf and afloat) 167 11 6 304 19 10 1,452 IB 11 38,026 6 11 Seddonville Colliery and Development Property Account— Cost at 31st March, 1905 .. .. .. .. £12,651 5 8 Less depreciation .. .. .. .. 1,265 2 7 11,386 3 1 Additional outlay during the year .. .. .. 2,636 16 0 14,022 19 1 Depreciation, 10 per cent... .. .. .. 1,402 5 11 12,620 13 2

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