B.—l [Pt. IV].

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MARINE DEPARTMENT— -continued. Sale of Oysters, 1922 Season. Production Account. Dr. £ s. d. Cr. £ s. d. To Wages of overseers and pickers .. .. 2,962 1.9 5 By Balance transferred to Trading Account .. 2,962 19 5 £2,962 19 5 £2,962 19 5 Trading Account. Dr. £ s. d. Cr. £ s. d. To Balance transferred from Production Ac- By Sales .. .. .. .. 7,702 9 0 count .. .. .. .. 2,962 19 5 Wages of storemon and labourers .. 450 13 II Freight and cartage .. .. .. 697 10 5 Sacks and stores .. .. .. 142 6 3 Wharfage .. .. .. .. 71 14 1 Maintenance of ketch .. .. .. 377 13 9 Depreciation on ketch.. .. .. 120 16 1 Gross profit transferred to Profit and Loss Account .. .. .. .. 2,872 15 7 £7,702 9 0 £7,702 9 0 Profit and Loss Account. Dr. £ s. d. Or. £ s. d. To Salaries .. .. .. .. 215 8 4 By Gross profit transferred from Trading AcRent and electric light .. .. .. 54 0 1 count .. .. .. .. 2,872 15 7 Travelling-expenses .. .. .. 33 17 0 Printing and stationery .. ... 19 1 5 Advertising .. .. .. .. 318 9 Net profit transferred to Income and Expenditure Account .. .. .. 2,546 9 6 £2,872 15 7 £2,872 15 7 Balance-sheet as at 31st March, 1923. Liabilities. £ s. d. j Assets. £ s. d. Capital funds .. .. .. .. 491,519 15 3 ! Land and buildings .. .. .. 38,957 10 1 Sundry creditors .. .. .. .. 4,596 17 10 i Lighthouses (including land, towers, buildings, Depreciation Reserve Account .. .. 21,647 12 5 furniture, apparatus, and equipment) .. 251,157 9 7 Treasury Adjustment Account .. .. 60,036 18 7 Automatic lights .. .. .. .. 21.448 18 0 Buoys, beacons, and moorings .. .. 7,491 0 0 Government steamers .. .. .. 25,147 4 0 Wharves .. ... .. .. 2,354 0 0 Harbour equipment (including boats, flagstaff's, tools, signalling -apparatus, &o.) .. .. 1,009 5 0 Oyster-beds .. .. .. .. 121,604 12 0 Oyster ketch and launches.. .. .. 5,030 18 0 Fish hatcheries and equipment .. .. 1,804 5 9 Horses .. .. .. .. .. 541 0 0 Meteorological instruments and apparatus .. 2,161 1 8 Automatic flashing lamps .. .. .. 343 12 10 Test-pumps and pressure-gauges .. .. 277 15 0 Office furniture and fittings .. .. 4,232 19 7 Mechanical office appliances .. .. 585 10 0 Library.. .. .. .. .. 1,376 1 8 , Marine stores .. .. .. .. 13,957 13 1 Charts, saleable books, and forms .. .. 2,588 5 0 Sundry debtors .. .. .. .. 5,899 2 10 Excess expenditure over income .. .. 09,172 1.8 6 £577,801 4 1 I £577,801 4 1 J. E. Engel, Accountant. A. D. Park, Secretary. 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, except that the accounts include charges for rent, interest, and services performed by Customs Department for which there is no appropriation by Parliament. —G. F. C. Campbell, Controller and Auditor-General.