6

C—3.

Balance-sheet of the New Zealand State Coal-mines. Statement of Liabilities and Assets at Hist March, 1912. Liabilities. Assets. £ s.d. £ s. d. M p. d. £ s. d. £ s. d. Point Elizabeth Colliery and Development Property Acoount— Debenture loan .. .. .. .. .. 150,000 0 0 Cost at 31st 1911 .. .. .. .. 18,775 8 11 Sundry creditors .. .. .. .. 17,550 8 3 Additional outlay during the year .. .. 1,411 3 5 Accrued interest .. .. .. .. 2,389 4 11 Debenture sinking fund .. .. .. 13,200 0 0 20,186 12 4 Reserve Fund .. .. .. .. 10,226 8 G Depreciation .. .. .. .. .. 1,009 6 8 43,365 16 8 19,177 5 8 Machinery, plant, ropes, and rolling-stock— General Profit and Loss Acoount— Cost at 31st March, 1911 .. .. .. .. 35,217 10 10 Balance of profit at 31st March, 1911 .. 50,552 t 4 Additional outlay during the year .. .. .. 1,019 7 3 Net profits for the year ended 31st March, 1912.. .. .. .. .. 96 9 9 36,236 18 1 50,648 11 1 Depreciation .. .. .. .. .. 1,853 11 1 34,383 7 0 Buildings at mme— Cost at 31st March, 1911. .. .. .. .. 2,752 7 11 Additional outlay during the year .. .. .. 66 5 9 2,818 13 8 Depreciation .. .. .. .. .. 144 17 3 2,673 16 5 Cottages— Cost at 81st March, 1911 .. .. .. .. 2,677 10 (i Depreciation .. .. .. .. .. 140 18 5 2,536 12 1 Stores (stock on hand) .. .. .. .. .. 1,754 18 1 Timber (stock on hand).. .. .. .. .. 198 11 10 Coal (stock on hand, at mine and wharf) .. .. .. 259 4 1 Coal (stock on hand, afloat) .. .. .. .. 1,893 0 11 4,106 14 11 Point Elizabeth Colliery No. 2, Development and Property Account— Cost at 31st March, 1911 .. .. .. .. 40,052 12 9 Additional outlay during the year .. .. .. 24,966 9 11 65,019 2 8 Machinery, plant, ropes, and rolling stock— Cost at 31st March, 1911 .. .. .. .. 13,283 4 9 Additional outlay during the year .. .. .. 10,532 0 1 23,815 4 10 Buildings at mme— Cost at 31st March, 1911 .. .. .. 1,061 16 8 Additional outlay during the year .. .. .. 45 3 0 1,126 19 8 Cottages at mine .. .. .. .. .. 175 4 n Timber Account .. .. .. .. .. 934 153,022 11 6