B.—l [Pt. IV, Sup. A

42

POST AND TELEGRAPH DEPARTMENT-continued. Balance-sheet as at 31st March, 1923. Rec eipts and Expenditure on Capital Account.

General Balance-sheet. Liabilities. £ s. d. Assets. £ s. d. Capital Account—Balance at credit .. .. .. .. .. 497,693 1 11 Stock at stores, District Telegraph Engineers', and workshops, and in transit .. 736,470 12 2 Profits invested in departmental assets .. .. .. .. .. 189,464 0 7 Sundry debtors— £ s. d. Sundry creditors— £ s. d. Other Administrations, on Money-order Account .. 65,015 3 4 Money- order payees, for unpaid money- orders.. .. 83,095 15 0 Government Departments .. .. .. .. 24,687 13 4 Other Administrations, on Money-order, Postal, and Cable Sundry other debtors .. .. .. .. 92,135 16 4 Accounts .. .. .. .. .. 84,266 15 9 * 181,838 13 0 Postal-note payees, for unpaid postal notes .. .. 55,659 5 0 Savings-bank Account— Sundry other creditors .. .. .. .. 248,555 15 0 Investments .. .. .. .. .. .. .. 44,157,156 9 7 Other Government Departments, for balances due on 31st Interest accrued, 31st March, 1923 .. .. .. .. .. 544,433 18 1 March, 1923 .. .. .. .. .. 328,006 6 9 War-loan Certificates Account— 799,583 17 6 Investments held in Government loans .. .. .. .. 2.479,760 0 0 Savings-bank Account— Post Office investment certificates— At credit of depositors .. .. .. .. .. .. 44,360,393 1 6 Investments held in Government loans .. .. .. .. 282,550 0 0 On transfer, New Zealand and other Administrations ...... 23,184 9 3 £ s. d. Reserve Fund .. .. .. .. .. .. .. 800,000 0 0 Postmasters' balances held .. .. .. .. 1,182,629 6 4 War-loan Certificates Accounts .. .. .. .. .. .. 2,329,320 6 11 Cash in bank (Head Office Account) .. .. .. 486,788 14 6 Post Office Investment Certificates Account .. .. .. .. 284,543 1 5 1,669,418 0 10 Postmasters— Treasury Adjustment Account .. .. .. .. .. .. 482,399 14 5 For advances to Postmasters of stamps, postal notes, British postal orders, Post Office investment certificates, and other documents of value, in- • eluding stocks held in the General Post Office .. .. .. 701,602 11 5 Depreciation reserve .. .. .. .. .. .. .. 246,183 17 5 Profit and Loss Appropriation Account .. .. .. .. .. 302,059 0 2 £50,534,027 8 1 £50,534,027 8 1 * This item represents the difference between the expenditure from Public Works Fund to the 31st March, 1922, and a valuation of assets made at that date for commercial balance-sheet purposes. The amount is offset by the excess of r evenue over expenditure after making due provision for interest on capital. J. Johnson, Controller of Accounts. G. McNamara, Acting-Secretary. I hereby certify that the attached Profit and Loss Accounts 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, except that the accounts include charges against the Department for interest on capital for which the Department possesses no parliamentary appropriation, and also credits for rent of buildings occupied by other Departments for which those Departments possess no parliamentary appropriation.—G. F. C. Campbell, Controller and Auditor-General.

n As at the [Amounts expended As at the n , Capital as at Amounts received, Capital as at Vr - 31st March, 1922. during the Year. 31st March, 1923. i 1st April, 1922. Year 1922-23. 31st March, 1923. To Expenditure on — £ s. d. £ s. d. £ s. d. By Receipts — £ s. d. £ s. d. £ s. d. Telegraph and toll systems, including 1,176,805 19 0 43,689 19 11 1,220,495 18 11 Public Works Fund .. .. 6,560,233 0 0 works in progress Less * .. .. .. .. 796, 944 6 11 Telephone-exchange systems, including 2,102,692 17 11 551,868 11 1 2,654,561 9 0 works in progress Public Works loans .. .. 5,763,288 13 1 608,598 9 11 6,371,887 3 0 Wireless systems .. .. .. 44,081 0 0 .. 44,081 0 0 Buildings and sites .. .. 1,649,048 4 6 77,211 6 2 1,726,259 10 8 Plant at workshops .. .. 8,856 8 4 621 6 4 9,477 14 8 Motors, &c. .. .. .. 91,866 18 11 25,045 1 5 116,912 0 4 Furniture and fittings .. .. 101,868 19 10 537 7 8 102,406 7 6 5,175,220 8 6 698,973 12 7 5,874,194 1 1 5,763,288 13 1 608,598 9 11 Balance carried to General Balance-sheet .. .. 497,693 1 11 £6,371,887 3 0 £6,371,887 3 0