B.—l [Pt. 111, Sup.

DEFENCE DEPARTMENT— continued. Balance-sheet as at 31st March, 1922. Liabilities. £ s. d. Assets. £ s. d. Capital funds—Liability to Trea- Sundry debtors .. .. .. .. 5,3351 3 2 surv on Capital Account, Ist Consolidated Fund — April, 1921 .. .. 2,396,745 .1.6 6 Live-stock—Horses at valuation .. .. 398 10 6 Treasury Adjustment Account.. 850,312 511 Ordnance stocks at vocabulary figures .. 1,213,477 12 9 Sundry creditors .. .. 18,440 9 3 Stationery and publications .. .. 2,311 15 4 Armaments and ammunition (depreciation not disclosed) .. .. .. .. 473,619 9 2 £ s. d. Defence vessels and stores .. 6,000 0 0 Additions .. .. 454 9 8 6,454 9 8 Less depreciation .. 373 12 8 6,080 17 0 Aerial machines and spares.. 41,275 3 4 Additions .. .. 589 10 8 41,864 14 0 Less depreciation and spares, consumed .. .. 8,095 15 11 33,768 18 1 Unit equipment and stocks.. 454,002 5 5 Less Stock Suspense Ac count .. .. 451 2 6 453,551 2 11 Less depreciation .. 96,545 12 4 357,005 10 7 Oil and spirits .. .. .. 1,049 0 0 Furniture .. .. 20,963 .1.8 2 Less depreciation .. 944 12 0 20,019 6 2 Public Works Fund— Land and buildings .. 589,943 0 0 Additions .. .. 7,775 9 7 597,718 9 7 Less depreciation .. 7,212 7 6 590,506 2 1 Mortgages on building, Invercargill •• .. 400 0 0 Less repayment .. .. 200 0 0 200 0 0 Stamps .. .. .. .. 534 13 7 Cash in the hands of High Commissioner and imprestees in New Zealand .. .. 6,726 7 7 Excess of expenditure over income— £ s. d. Aviation Revenue Account 15,782 8 2 General Revenue Account 338,489 7 7 Territorial Revenue Account 95,736 4 9 Cadets Revenue Account.. 101,420 18 5 " .Tanie Seddon " Revenue Account .. .. 1,815 11 11 " Lady Roberts " Revenue Account .. .. 1,204 14 10 554,449 5 8 £3,265,498 11 8 £3,265,498 11 8 H. M. Griffen, Lieut.-Colonel, Director of Financial Services. 14th June, 1922. Guy C. Felton, Captain, Accountant. I hereby certify that the balance-sheet and Revenue Accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. A memorandum embodying certain suggestions with regard to future balancesheets has been transmitted to the Department.—G. F. C. Campbell, Controller and Auditor-General.

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