49

B.—l [Pt. IV]

LAND AND INCOME TAX DEPARTMENT. Income and Expenditure Account for the Year ending 31st March, 1923. Expenditure. £ s. d. Income. £ s. d. To Advertising, books, &c. .. .. 482 15.6 By Land-tax Account .. .. .. 1,598,713 1 5 Contingencies .. .. .. 37 12 11 ' Income-tax Account .. .. .. 3,770,898 19 4 Electric light .. .. .. .. 0 7!) Conscience money . . .. .. 25 0 0 Hire of machines .. .. .. 45 10 8 Law-oosts .. .. .'. .. 235 0 7 Office requisites (including printing and stationery).. .. .. .. 2,548 11 11 Overtime and meal allowances .. .. 156 7 4 Payment to Customs Department for services of officers .. .. .. 200 0 0 Payment to Post and Telegraph Department for services of officers .. .. 1,01.7 13 0 Postage and telegrams .. .. .. 3,190 8 1 Repairs and renewals to offioe equipment.. 55 10 3 Rent .. .. .. .. 1,700 10 0 Salaries .. .. .. .. 31,235 16 4 Taxation Committee (expenses of) .. 409 15 6 Telephone services .. .. .. 106 16 5 Temporary assistance .. .. .. 707 2 10 Travelling allowances and expenses .. 1,900 17 1 Valuation Department (contribution to) .. 7,231 (i 0 A. C. Nottingham (amount appropriated for credit of Consolidated Fund) .. .. 40 18 1 Interest allowed to taxpayers in pursuance of section 12, Finance Act (No. 2), 1921 1,193 13 0 Depreciation on office furniture, fittings, and library, &c. .. .. .. 435 511 Suspense Account for default assessments 50,000 0 0 Balance carried down .. .. .. 5,272,098 9 1 £5,375,637 0 9 £5,375,637 0 9 £ s. d. £ s. d. To Interest on capital .. .. .. 178 6 7 By Balance brought down.. .. .. 5,272,098 9 1 Excess of revenue over expenditure .. 5,271,920 2 0 £5,272,098 9 1 £5,272,098 9 1 Percentage cost of collection of revenue = 19s. lid. (excluding Suspense Account). Balance-sheet as at 31st March, 1923. Liabilities. Assets. Capital Fund—Liability to Treasury, Ist £ s. d. £ s. d. £ s. d. April, 1922 .. .. .. .. 3,902.17 0 Office furniture and fittings .. 2,551 1 0 Sundry creditors — £ s. d. Additions during yearf .. 709 11 8 Outstanding expensss .. 9,018 15 5 3,260 12 8 Land-tax* .. .. 8,481 3 0 Library .. .. .. 156 17 0 Income-tax* ... .. 157,584 3 2 Additions during year .. 24 10 0 175,084 I 7 181 7 0 Depreciation reserve .. .. .. 805 15 0 Office appliances .. .. 1,254 19 0 Suspense Account for default assessments, &o. .150,000 0 0 Additions during year .. 43 0 0 Excess of revenue over expenditure .. 5,271,920 2 0 1,297 19 0 Forms and stationery .. .. 1,050 0 0 Official stamps .. .. .. 12 5 0 Sundry debtors— Land-tax .. .. 307,950 12 1 Income-tax .. . . 449,214 0 3 817,164 12 4 Stamp Department, in respect of services of Inspectors .. 27 17 8 817,192 10 0 Treasury Adjustment Account .. 4,779,378 1 11 £5,602,372 16 1 £5,602,372 16 1 * Includes amounts paid in advance? and overpayments subject to adjustment. f Includes £Q63 16s. '3d. cent of new registers, tin: estimated life of wliioh is six years. Contingent liability iv respect of bills discounted by Bank of Now Zealand, £32,706 13s. A. E. Fowler, Deputy Commissioner of Taxes. I hereby certify that the Income and. Expenditure Account, and balance-she* , ' ! xan ined and compared with the relative books and documents submitted for audit, and corr ctly losed thereby, except that the accounts include charges against the Department for renl am in r no appropriation by Parliament. —G. F. C. Campbell, Controller and Auditor-General

7—B. 1 [Pt. IV].