B— 1 [Pt. IV].

36

HOUSING ACCOUNT— continued. (STATU ADVANCES OFFlCE)— continued. Statement of Management Expenses Account for the Five Months ended 31st March, 1923. Dr. £ s . d. { Or. £ s. d. To Advertising .. .. .. .. 13 0 By Transfer fees .. .. .. .. 34 11 6 Audit services .. .. .. .. 20 10 8 Sundries.. .. .. .. .. 1 2 11 Cartage .. .. .. .. .. 013 3 Balanco transferred to Profit and Loss Account 2,298 10 10 Cleaning, lighting, heating, and messenger services .. .. .. .... 12 0 0 Dwellings maintenance .. .. .. 100 0 10 Expenses of realization of assets .. .. 641 2 (i Fees paid for special services in respect of securities .. .. .. .. 27 10 9 Inspection fees .. .. .. .. 515 6 Labour I icpartment services .. .. 416 13 4 Postages and telegrams .. .. .. (iO 0 0 Post Office services .. .. .. 40 0 0 Printing and stationery .. .. .. 50 0 0 Rates " .. .. .. .. .. 35 3 7 Rent .. .. .. .. .. 10 0 0 Salaries and wages.. .. .. .. 910 17 0 Travelling-expenses .. .. .. 2 8 4 £2,334 5 3 £2,334 5 3 Wm. Waddel, Superintendent. R. Robertson, Accountant. I hereby certify that the Profit and Loss Account and balance-sheet have duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, except — (1) The insurance reserve has not been invested as required by section 3, subsection (6), Housing Amendment Act, 1921-22 ; (2) no complete stock-sheets arc available, and no proper record of stocks has been kept; (3) the Land Account does not include all land under the Department's control ; (4) the Capital Account is not complete ; (5) securities have not been lodged with custodians as required by section 96 (a), Public Revenues Act, 1910. — G. F. C. Campbell, Controller and Auditor-General. These omissions are of long standing. Since the transfer of the Housing Account from the Labour Department to the State Advances Office was effected, steps have been taken to straighten out as expeditiously as possible the several matters to which the Audit Office has referred. When the next balance-sheet of the Housing Account is presented the five items mentioned will be found to have been duly attended to. —Wm. Waddel, Superintendent.