B.—l [Pt. 1111.

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DEPARTMENT OF INDUSTRIES AND COMMERCE— continued. Balance-sheet as at 31st March, 1922. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital .. .. 0,531 5 1 Official stamps, Head Office and branches .. 28 7 I Treasury Adjustment Standardized-foot wear samples .. 89 0 8 Account ..' .. 19,980 0 5 Additions.. .. .. .. 15 15 6 Sundry creditors .. 21 8 3 104 16 2 Less depreciation . . .. . . 20 19 3 83 16 11 Library, Head Offloe .. .. .. 48 18 11 Additions.. .. .. .. 24 2 0 73 0 11 Less depreciation .. .. .. 14 11 9 58 9 2 Office furniture and fittings— £ s. d. Head Office .. .. 1,085 10 3 Additions .. .. .. 54 5 5 1,139 15 8 Less depreciation .. .. 57 0 0 1,082 15 8 Auckland Office .. .. 316 12 9 Additions .. .. .. 3 16 319 14 3 Less depreciation .. .. 16 0 0 303 14 3 Less transferred to Public Works Department, Auckland .. .. .. 44 7 3 259 7 0 Christchurch Office.. .. 198 17 11 Less depreciation .. .. 9 19 (i 188 18 5 Dunedin Office .. .. 149 15 0 Additions .. .. .. 3 15 0 153 10 0 Less'depreciation .. .. 7 14 0 145 Xi 0 Melbourne Office- —Trade representative 7 4 0 1,084 1 1 Land and buildings, Head Office .. 4,634 19 0 Less depreciation .. .. .. 231 15 0 4,403 4 0 Subscriptions to periodicals, rent of telephones and postoffice boxes, and rail tickets paid in advance .. . . 177 3 4 Excess of expenditure over income, as per Expenditure and income Apoount .. .. .. .. .. 20,103 12 2 £26,538 13 9 £26,538 13 9 J. W. Collins, Secretary. Department of Industries and Commerce, 31st May, 1922. I hereby certify that the Income and Expenditure Account and balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. G. P. C. Campbell, Controller and Auditor-Con oral.