8.~-1 [Pt. IV, Sup, B]

31

KAURI-GUM INDUSTRY ACCOUNT. Trading Account for the Year ended 31st March, 1924. £ s. d. £ s. d. To Gum on hand, Ist April, 1923 .. 00,753 9 9 By Gum on hand, 31st March, 1924 .. 53,003 14 10 Purchases of gum .. .. 6,344 410 ' Sales of gum .. .. .. 22,091 12 10 Wages .. .. .. .. 2,509 10 11 Freights inward .. .. .. 788 10 7 Balance, being gross profit, to Profit and Loss Account .. .. 5,359 11 7 £75,755 7 8 . £75,755 7 8 Profit and Loss Account for the Year ended 31st March, 1924. £ s. d. £ s. d. To Freights outward .. .. .. 1,919 7 0 By Trading Account .. .. .. 5,359 11 7 General expenses .. .. .. 134 1. 11 Profit from sale of plant, stores, comCables, &c. .. .. .. 08 6 9 mission, &c. .. .. .. 487 14 5 Sacks, gum-cases, and consumable stores .. .. .. .. 596 6 0 Fire insurance .. .. .. 205 0 10 Printing and stationery .. .. 39 18 4 Depreciation .. .. .. 61 12 0 Rent .. .. . .. 300 0 0 Salaries .. .. .. .. 534 (i 0 Balance carried down .. .. 1,988 (i 8 £5,847 6 0 £5,847 6 0 £ s. d. £ s. d. To Balance on Ist April, 1923 .. .. 5,170 19 11 By Balance brought down .. .. 1,988 6 8 Interest on debentures .. .. 3,287 5 0 Balance as per balance-sheet .. 6,475 18 3 £8,464 4 11 £8,464 4 11 Balance-sheet as at 31 st March, 1924. Liabilities. Assets. £ s. d. Loan Account —Debentures £ s. d. £ s. d. j Land at face-works and elsewhere, with issued under Kauri-gum buildings, fences, and improvements .. 5,100 2 0 Industry Act, 1914 .. 75,000 0 0 j Vacuum-tank, fittings and plant, and Less sinking fund in hands royalties, short-workings .. .. 2,900 010 of Treasury .. .. 484 011 Plant and store fittings .. .. 256 (i S 74,515 19 1 Live and dead stock .. .. .. 47 9 3 Crown Land Account .. .. .. 500 0 0 Furniture and office fittings .. .. 99 4 5 Sundry creditors, for supplies .. .. 85 S 9 Sacks, gum-cases, and consumable stores 275 2 6 Sundry creditors, for gum purchases . . 275 5 3 Charges paid in advance . . . . 92 4 8 Interest on debentures.. .. .. 1,354 17 3 Gum on hand .. .. .. 53,603 14 10 Gum on consignment .. .. .. 782 17 2 Sundry debtors .. .. .. 04 2 8 Cash on hand .. .. .. 0,968 0 7 ; Profit and Loss Account .. ... 0,475 18 3 £76,731 10 4 £76,731 10 4 H. J. Lowe, Kauri-gum Superintendent. I hereby certify that the balance-sheet and supporting statements have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as thereby disclosed ; also that thejvalue of the stocks on hand has been accepted on the certificate of the Kauri-gum Superintendent,—G. E. 0. Campbell, Controller and Auditor-General.