11

B.—l [Pt. IV]

DEFENCE DEPARTMENT— continued. Balance-sheet as at 31st March, 1923. Liabilities. £ s. d. Assets. £ s. d, Capital funds— - Public Works Fund— £ s. d. Liability to Trea- Land and buildings 600,080 15 11 sury, Ist April. £ s. d. Additions .. 2,803 2 2 1922.. .. 2,634,420 14 7 602,889 18 1 Value of gifts from Mortgage on building— Imperial Govern- Invercargill .. 400 0 0 ment .. 34,271 4 8 Less repayment .. 200 0 0 2,668,691 19 3 200 0 0 Treasury Adjustment Account, .. 514,631 16 11 Consolidated Fund— Depreciation Resorvc Account .. 1.6,216 14 1 Armament and small-arms ammuniRents received in advance .. .. 131 1 8 tion (depreciation not disclosed) .. 095,063 12 3 Sundry creditors .. .. .. 10,307 6 4 Ordnance stocks at vocabulary figures 986,096 13 4 Less Stock Suspense Account .. 244 17 4 985,851 16 0 A.S.C. supplies .. .. 40 1 4 Unit equipment and stocks .. .. 486,001 19 7 Less Stock Suspense Account .. 339 9 5 485,662 10 2 Less depreciation and stocks consumed .. 85,362 8 3 400,300 1 11 Stationery and publications .. 1,025 15 6 Libraries .. .. 525 14 9 Additions .. 15 0 0 540 14 9 Defence vessels and stores .. .. 6,454 9 8 Additions .. 270 2 2 6,724 11 10 Aerial machines and spares .. .. 33,763 9 8 Additions .. 8,126 13 4 41,890 3 0 Less depreciation and spares consumed 2,220 15 3 39,663 7 9 Oil and spirits (aircraft.) .. .. 2 0 10 Wireless sets .. .. .. 1,460 0 I Furniture . . .. .. 16,466 4 2 Live-stock—Horses at valuation .. 251 4 0 Sundry debtors .. 1,893 10 2 Rents accrued .. 350 4 3 2,249 14 5 Value unexpired portion railway passes and telephone subscriptions .. 2,444 8 5 Stamps . . .. .. .. 350 16 2 Cash in hands of High Commissioner.. 4,064 0 3 Excess of expenditure over income— Aviation Revenue £ s. d. Account .. 14,108 1 10 Headquarters General Activities Revenue Account .. 182,639 10 10 Territorial Revenue &. Account .. 128,705 8 0 Cadets Revenue Account .. 88,221 9 9 Army Ordnance Stores Revenue Account. .. 34,547 14 3 " Janie Seddon " Revenue Account 030 14 3 " Lady Roberts " Revenue Account 876 19 I 449,789 18 0 £3,209,978 18 3 £3,209,978 18 3 H. M. Griffen, Lieut.-Colonel, Director of Financial Services. Guy C. Felton, Captain, Accountant. I hereby certify that the Revenue 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— (1.) The accounts include charges against the Department for rent and £166,749 16s. 5d., value of assets taken over from War Expenses Account, for which there is no appropriation by Parliament, and also a charge for rent debited Education Department for which that Department possesses no parliamentary appropriation. (2.) Owing to the absence of any price-vouchers there is no means of verifying the writingdown to the extent of £98,355 155., Ordnance stocks alleged to have been overvalued in 1921. The Defence Department's assurance that no loss to the public has been caused either directly or indirectly owing to the revaluation is recorded.— G. F. C. Campbell, Controller and Auditor-General.