C— 2a

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Balance-sheet —continued. Liabilities—continued. £ a. <]. Assets —continued. Brought forward .. .. 357,768 (i 10 MaeDonald Colliery and Development Property Account —continued. Plantation at mine— £ s. d. £ s. d.||. fj" £ s. d. Cost at 31st March, 1924 547 10 8 Expended during the year 280 0 9 827 11 5 ■ ■ - 77,461 12 4 Wellington Depot Property Account-— Balance at 31st March, 1924 2,454 9 9 Additions during the year .. 1,551 6 0 4,005 15 9 Depreciation .. .. 448 14 7 3,557 i 2 Writing-off suspense .. .. 93 11 8 Stocks on hand .. .. 4,062 19 4 Stocks Suspense Account .. 210 10 10 4,273,10 2 Sundry debtors .. .. .. 8,189 10 10 ——— 16,113 13 10 Christchurch Depot Property Account— Balance at 31st March, 1924 3,069 1 2 Additions during the year .. 485 3 9 3,554 4 11 Depreciation .. .. 248 5 9 3,305 J9 2 Writing-off Suspense .. .. 62 10 11 Stocks on hand .. .. 3,453 17 5 Stocks Suspense Account .. 588 8 6 4,04-2 5 11 Sundry debtors .. .. .. 4,712 7 2 . 12,123 3 2 Wanganui Depot Property Account —- Balance at 31st March, 1924 1,399 5 4 Additions during the year .. 158 3 11 „ 1,557 9 3 Depreciation .. .. 1 38 4 3 — 1,419 5 0 Writing-off Suspense .. .. 12 4 11 Stocks on hand .. .. 1,190 14 0 Stocks Suspense Account .. 33 14 6 1,224 8 6 Sundry debtors .. .. .. 3,293 6 9 5,049 5 2 Sinking Fund Investment Account .. .. .. 41,668 12 2 Investment Account (ordinary) .. .. . ■ 10,000 0 0 Interest on investments accrued .. .. . . 214 19 1 Cash in hand and in Public Account at 31st March, 1925 12,887 15 0 £357,768 6 10 £357,768 6 10 State Coal-mines Office, Wellington, 17th August, 1925. P. 6. Pearce, Accountant. G. Jas. Anderson. Minister of Mines. I hereby certify that the attached Working and Profit and Loss Accounts of Depots and Collieries, General Profit and Loss Account, Statement of Receipts and Payments, 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 in the opinion of the Audit Office interest on capital expenditure on the unopened MacLonald Colliery should be charged to General Irofit and Loss Account instead of being capitalized, as development was sufficiently completed several years ago.—J. H. Fowler, Deputy Controller and Auditor-General. Statement op General Profit and Loss Account for the Year ended 31st March, 1925. Dr. Gr. To Liverpool Colliery Trade Ex- £ s. d. £ s. d. By Liverpool Colliery Working £ s. d. £ s. d. penses Account .. .. 119,047 19 3 Account—Gross profit .. 97,646 510 James Colliery Trade Ex- James Colliery Working Account penses Account .. .. 23,616 15 9 —Gross profit .. .. 19,841 16 2 Wellington Depot Trade Ex- Wellington Depot Trading Acpenses Account, .. .. 8,916 6 7 count —Gross profit .. 9,531 15 4 Christchurch Depot Trade Ex- Christchurch Depot Trading penses Account .. .. 6,416 12 6 Account —Gross profit .. 7,542 9 9 Wanganui Depot Trade Ex- Wangamii Depot Trading Acpenses Account .. .. 1,889 13 2 count —Gross profit .. 2,052 3 2 159,887 7 3 Seddonville Colliery —Recoveries 138 3 8 Balance —Net profit for year .. 821 3 0 Point Elizabeth Colliery—Recoveries • • ■ • 1,298 4 0 Liverpool Colliery—Rents .. 666 3 4 138,717 1 3 Interest on investments .. .. 2,307 15 7 Transfers from General Reserve .. 19,683 13 5 £160,708 10 3 £160,708 10| 3