C.-~3b

Balance-sheet of the New Zealand State Coal-mines. Statement of Liabilities and Assets at Hist March, 1909. Liabilities. Assets. £ s. d. £ s. d. £ s. d £ s. d. £ s. d. Point Elizabeth Colliery and Development Property Account— Debenture loan .. .. .. .. .. 100,000 0 0 Cost at 31st March, 1908 .. .. .. .. 16,632 510 Sundry creditors .. .. .. .. 30,921 2 1 Additional outlay during the year .. .. .. 2,742 2 3 Accrued interest .. .. .. .. 1,750 0 0 Debenture sinking fund .. .. .. 9,600 0 0 19,374 8 1 Reserve fund .. .. .. .. 6,000 0 0 Depreciation .. .. .. .. .. .. 968 14 5 48,271 2 1 Machinery, plant, ropes, and rolling-stock— 18,405 13 8 Cost at 31st March, 1908 .. .. .. 29,837 4 1 General Profit and Loss Aocount— Additional outlay during the year .. .. .. 5,973 16 10 Balance of profit at 31st March, £ s. d. 1908 .. .. .. 41,909 2 5 35,811 0 11 Net profits for the year ended Loss by fire .. .. .. .. .. 100 0 0 31st March, 1909 .. ..14,282 10 6 Less sinking fund .. £2,000 35,711 0 11 „ reserve fund .. 6,000 Depreciation .. .. .. .. .. 1,785 11 1 8,000 0 0 Buildings at mine— 33,925 9 10 6,282 10 6 Cost at 31st March, 1908 .. .. .. .. 3,127 18 7 48,19112 11 Additional outlay during the year .. .. .. 14 9 6 3,142 8 1 Loss by fire .. .. .. .. .. 360 17 8 2,781 10 5 Depreciation .. .. .. .. .. 139 1 6 2,642 8 11 Cost at 31st March, 1908 .. .-. .. .. 1,831 5 11 Additional outlay during the year .. .. .. 1,249 18 1 3,081 4 0 Depreciation .. .. .. .. .. 154 1 3 2,927 2 9 Stores (stook on hand) .. .. .. .. .. 2,843 19 1 Timber (stock on hand).. .. .. .. .. 241 5 4 Coal (stook on hand, at mine and wharf) .. .. .. 593 19 0 Coal (stock on hand, afloat) .. .. .. .. 2 465 5 11 ; 6,144 9 4 Point Elizabeth Colliery No. 2, Development and Property Account 6,301 4 9 Point Elizabeth Colliery No. 2, machinery, plant, ropes, and rollingstock .. .. .. .. .. .. 1,592 2 1 Point Elizabeth Colliery No. 2, buildings at mine .. .. 176 6 8 8,069 13 6 72,114 18 Railway-construction Property Account— • Balance outstanding .. .. .. .. .. 1,684 6 5 Construction during the year .. .. .. .. 25,195 18 0 26,880 4

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