B.—l [PT. IV, Sup. B].

93

ADVANCES TO MINING COMPANIES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Interest on loan capital .. .. 2,636 12 7 By Interest on advances to companies .. 1,654 8 7 Losses and provision for losses on reali- Balance—Net loss for year .. .. 15,048 4 5 zation of securities .. .. 14,066 0 5 £16,702 13 0 £16,702 13 0 £ s. d. £ s. d. To Balance .. .. .. .. 15,048 4 5 By Balance—Deficiency for year .. 15,149 14 1 Contribution, Public Debt Sinking Fund 101 9 8 £15,149 14 1 £15,149 14 1 Balance-sheet as at 31st March, 1924. Liabilities. Assets. £ s. d. To Capital— £ s. d. £ s. d. Advances to mining companies .. .. 40,636 5 9 Loans under various Sundry debtors .. .. .. 9,515 2 8 Acts .. .. 55,700 0 0 Interest receivable, accrued, but not duo.. 208 15 5 Loan from Public Sinking Fund Investment Account . . 944 14 8 Works Fund .. 7,000 0 0 Cash .. .. .. .. 12,890 19 11 62,700 0 0 £ s. d. Sinking Fund .. .. .. 944 14 8 Losses brought forward .. 2,398 18 8 Sundry creditors -— Interest due to Deficiency for year .. 15,149 14 1 Treasury, &c. .. .. .. 3,119 7 5 17,548 12 9 Interest payable, accrued but not due 929 19 3 Written off Suspense Account .. 9,056 9 10 Provision for losses of principal and interest .. .. .. 5,000 0 0 £81,750 11 2 £81,750 11 2 G. J as. Anderson, Minister of Mines. P. G. Pearce, Accountant. Note.—lncluded in the Suspense Account and losses on realization of securities is an amount of £9,066 os. 5d., representing the total loss of the principal and interest in connection with the loan to the Muddy Terrace Sluicing Company, which was advanced by the Colonial Treasurer during the years 1908-10. 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. F. C. Campbell, Controller and Auditor-General.