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NEW ZEALAND STATE COAL-MINES. Balance-sheet. Statement of Liabilities and Assets as at 31st March, 1923. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. £ s. d. Loan under Coal-mines Liverpool Colliery and DevelopAct, 1908 .. .. 150,000 0 0 ment Property Account—Loan under Coal-mines Balance at 31st March, Act, 1908, and Appro- 1922 .. .. .. 79,162 0 4 priation Act, 1912 .. 25,000 0 0 Additions during the year .. 8,500 3 5 New Zoaland Consolidated Inscribed Stock 52,601 0 7 87,722 3 9 227,001 0 7 Depreciation .. 8,772 4 4 Debenture sinking fund .. 29,532 0 0 78,949 19 5 Accrued interest .. .. 3,886 1 9 Machinery, plant, ropes, and Sundry creditors — rolling-stock— Liverpool Colliery .. 17,253 11 7 Balance at 31st March, James Colliery * .. 1,630 5 3 1922 .. .. 40,030 211 Wellington Depot .. 979 710 Additions during the year 2,308 7 3 Christchuroh Depot .. 889 7 0 Wanganui Depot .. 241 13 9 42,338 10 2 20,994 5 5 Depreciation .. 4,233 17 0 Provision for audit fees — ■ 38,104 13 2 Liverpool Colliery .. 46 6 8 Buildings at mine— Wellington Depot .. 74 0 0 Balance at 31st March, Christohuroh Depot .. 6 6 8 1922 .. .. 4,410 8 1 Wanganui Dopot .. 54 6 8 Less recoveries .. .. 9 2 8 181 0 0 Reserves — 4,401. 5 5 General Reserve .. 69,818 4 4 Depreciation .. 440 2 6 Bad-debts Reserve .. 533 2 9 3,961 21] 70,351 7 1 Cottages at mineStocks Suspense Acoount .. 1,375 2 4 Balance at 31st March, General Profit and Loss 1922 .. .. 5,420 1 5 Aooount —■ Additions .. .. 2,042 5 8 Net profit for year .. .. 5,869 1 2 7,462 7 1 Depreciation .. 746 4 8 6,716 2 5 Coal (cargo afloat) .. 1,005 15 7 Coal (stock on hand at mine and wharf) .. .. 2,566 9 1 Stores (stock on hand) .. 11,305 14 8 14,877 19 4 Stock Suspense Account .. .. 124 3 6 Sundry debtors .. .. .. 9,595 1 10 152,329 2 7 James Colliery and Development Property Account — Cost at 31st March, 1922 .. 27,578 18 9 Additions during the year .. 7,558 11 4 — 35,137 10 1 Machinery, plant, ropes, and rolling-stock— Cost at 31st March, 1922 9,753 4 1 Additions during the year 1,220 310 10,973 7 11 Buildings at mine— Cost at 31st March, 1923 .. 477 3 7 Stock on hand .. .. .. 55 6] 1 Sundry debtors .. .. .. 525 15 2 47,169 3 8 Mac Donald Colliery and Development Property Account — Cost at 31st March, 1922 .. 63,149 19 10 Additions during tho year .. 2,514 4 3 65,664 4 1 Machinery, plant, and rol-ling-stock— Cost at 31st March, 1922.. 4,261 7 5 Additions during the year 578 0 8 4,839 8 1 Buildings at mine— Cost at 31st March, 1923 .. 479 17 3 Cottages at mine— Cost at 31st March, 1922 2,270 12 1 Less recoveries during the year .. .. 5 10 10 2,265 1 3 Plantation at mine— Cost at 31st March, 1922 384 4 9 Expended during the year 157 10 11 541 15 8 73,790 6 4 Carried forward .. .. 359,789 18 4 Carried forward .. .. .. 273,288 12 7