1.—14

102

£ a. d. Sundry labour .. .. .. .. .. .. .. 2,459 13 7 Steam-shovel excavation.. .. .. . . .. . . 699 16 7 Wages re excavation by steam shovel .. .. . . . . 815 11 4 Power .. .. .. .. .. .. .. 5,247 17 7 Lamps.. .. .. .. .. .. .. .. 1,139 910 Temporary bridge at Bealey . . .. . . . . .. 755 7 7 Tipmen .. .. .. .. .. . . . . 845 1 4 Repairs .. .. .. .. .. .. .. 4,238 17 0 Locomotive fuel . . . . .. . . .. . . 575 13 7 Coal .. .. .. .. .. .. .. ... 897 14 10 New drying-rooms .. .. .. .. .. .. 351 2 4 Printing and stationery, &c. .. .. . . .. .. 189 18 8 Bealey Bridge .. .. .. .. .. .. .. 3,450 4 0 Travelling-expenses . . .. . . .. .. .. 918 10 8 General expenses .. .. .. .. .. .. 2,810 11 3 Stable Account .. .. .. .. .. .. 3,310 0 4 Materials .. .. .. .. .. .. .. 7,759 9 6 Steel and steel-sharpening .. .. .. .. .. 4,582 17 11 Carbide .. .. .. .. .. .. .. 902 5 8 Machine and drill repairs .. . . . . .. .. 749 17 9 Oil .. .. .. .. .. .. .. 477 18 9 Trestles .. .. ... .. .. .. .. 608 11 0 Tunnel timber .. .. .. .. .. .. .. 2,500 9 6 Sleepers .. .. .. .. .. .. .. 333 10 0 Cement, explosives, and blocks .. .. .. .. .. 28,844 6 8 Interest .. .. .. .. .. ..' .. 1,863 3 4 Huts .. .. .. .. .. .. .. .. 2,500 0 0 Smithy wages .. .. .. .. .. .. .. 1,307 10 4 Fire insurance .. .. .. .. .. .. .. 78 19 10 Tunnel portals .. .. .. .. .. .. .. 2,595 13 10 Drill duplicates .. .. .. .. .. .. 1,686 10 7 Excavation .. ... .... .... .. .. .. 1,191 15 3 Total for working-expenses .. .. .. 213,396 8 8 Total for plant and materials .. .. .. 78,299 10 8 Grand total .. .. .. .. £291,695 19 4 £ s. d. Plant as per statement submitted.. .. .. .. .. .. 73,255 8 4 Materials as per statement submitted .. .. .. .. .. 5,077 13 3 Working-expenses from Ist October, 1911, to 30th June, 1912, as per statement 213,362 17 9 Grand total .. .. .. .. .. .. £291,695 19 4 DETAILS AS TAKEN FROM BOOKS. Plant and materials as per previous sheet .. . . .. .. .. 78,299 10 8 Working-expenses „ .. .. .. .. .. 213,396 8 8 Grand total . . .. .. .. .. .. £291,695 19 4 Questions put to Mr. Waldie by the Hon. Mr. Fraser, M.P. Would the following figures, then, represent the position : — £ s. d. Cost of work .. .. .. .. .. .. 213,362 17 9 Value 100 per cent, of work as per contract .. .. 206,896 0 0 6,466 17 9 Less various recoveries .. .. .. .. 1,772 5 ~> 4,694 12 4 , Add 10 per cent, of finished work to credit of Govern- £ s. d. menttoJune .. .. .. .. 20,689 0 0 Add certificate for amount payable for work done during June .. .. .. .. 4,113 0 0 .' 24,802 0 0 29,496 12 4 Deposit in hands of Government . . .. .. .. 5,000 0 0 34,496 12 4 Book value of plant and material.. .. .. 78,333 1 7 Advanced by Government to contractors — 50 per cent, on plant .. .. £34,411 Cash advance . . .. .. 25,000 59,411 0 0 18,922 17 Loss to contractors, assuming that Government terminated contract and seized plant, &c. .. .. .. £53,418.13 11

A.— Yes.