B.—l [PT. IY, Sup.] .

VALUATION DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1925. Expenditure. £ s. d. Income. £ s. d. Advertising, books, newspapers, and other Fees charged for valuers' reports, &c. .. 29,187 13 2 publications .. .. .. 94 0 1 Contributions from— Assessment Court expenses .. .. 193 14' 4 Local bodies .. .. .. 6,133 3 4 Depreciation on office furniture, fittings, Land and Income-tax Department .. 6,133 3 4 and equipment .. ~ .. 265 11 7 State Advances Office .. .. 1,125 0 0 Fees to valuers .. .. .. 9,232 15 4 Interest on advances for motor-cars sold 35 ID 10 Freight, cartage; and transport charges .. 011 6 Balance carried down.. .. .. 11,418 14 11 Fuel, light, power, and water .. .. 40 0 11 Law-costs .. .. .. .. 14 8 9 Loss on stores carried to Suspense .. 39 19 3 Maps, tracings, and schedules of land transactions .. .. .. 183 2 10 Office-cleaning .. .. .. 18 18 0 Office expenses .. .. .. 230 0 8 Overtime and meal allowances.. .. 25 12 0 Payment to Post and Telegraph Department .. .. .. 100 0 0 Printing and stationery .. .. 783 9 10 Postage, telegrams, and rent of boxes .. 583 0 11 Rent .. .. .. .. 2,472 8 9 Revision of districts .. .. .. 213150 Salaries .. .. .. .. 30,475 2 6 Telephone services .. .. .. 398 5 4 Temporary assistance .. .. 3,21816 6 Transfer and removal expenses of officers 5 4 6 Travelling allowances and expenses .. 5,421 11 11 Typewriter repairs .. .. .. 23 4 1 £54,033 14 7 £54,033 14 7 £ s. d. Balance brought down, exclusive of interest 11,418 14 11 Excess of expenditure over income after £ s. d. Interest .. .. .. .. 8371111 charging interest .. .. 12,256 610 £12,256 6 10 £12,256 6 10 Balance-sheet as at 31st March, 1925. Liabilities. i Assets. £ s. d. £ s. d. £ s. d. Capital as at Ist April, 1924 .. .. 18,613 4 10 I Office furniture, fittings, Sundry creditors .. .. .. 8,848 16 4 j and equipment .. 2,365 14 0 Depreciation reserve .. .. .. 1,167 8 4 { Add additions .. .. 22 7 3 Writings-off in suspense .. .. 39 19 3 I 2,388 1 3 Treasury Adjustment Account.. 12,555 4 11 j Mechanical appliances .. 871 0 6 Add additions .. .. 61 9 9 932 10 3 Less removals .. .. 13 1 8 919 8 7 Office maps .. .. 15,376 10 4 Add additions .. 732 11 2 — — 16,109 1 6 Stationery .. .. .. 971 18 5 Sundry debtors — Local bodies .. 336 2 7 Land and Income Tax Department .. 6,133 3 4 Fees outstanding .. 1,722 2 5 Motor-cars (on open account) .. .. 362 16 11 8,554 5 3 Less bad and doubtful debts reserve .. 123 6 8 8,430 18 7 Telephone subscriptions prepaid .. 10 16 8 Unexpired season tickets .. .. 109 11 10 Post-office boxes prepaid .. .. 28 10 0 Excess of expenditure over income .. 12,256 6 10 £41,224 13 8 £41,224 13 8 F. W. Flanagan, Valuer-General. Valuation Department, Wellington, 11th September, 1925. 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—(l) The accounts include charges against the Department for rent and interest for which the Department possesses no parliamentary appropriation ; (2) the fees charged in the Income and Expenditure Account include the actual cost of valuations made for the State Advances Department, whilst only a scale charge is recovered, and the item " Sundry Creditors " is correspondingly understated. —J. H. Fowler, Deputy Controller and AuditorGeneral.

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