11

C.—2a

Table showing the Position of the State Coal-mines Account from Inception to 31st March, 1926.

1 I [iif . I Total Amount of ifixed Assets Liabilities Name ol Works. .wni!,,.! i Depreciation as per Net Profits. Net Losses. as per '* 1 ' written off. Balance-sheet, 1926. Balance-sheet, 1926. £ ». d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Point Elizabeth Colliery .. 98,210 9 0 Less loss by fire and sales .. 2,291 6 11 95,919 2 1 95,919 2 1 .. 144,186 16 11 Liverpool Colliery, .. .. 279,897 11 0 Less loss by fire .... 80 0 0 279,817 11 0 165,768 1 8 114,049 9 4 34,982 0 9 .. 7,977 12 4 Seddonville Colliery .. .. 38,243 2 5 Less sales .. .. 548 17 0 I 37,694 5 5 37,694 5 5 .. .. 37,928 1 7 Briquette-works property .. 16,135 2 6 Less sales of plant .. 2,066 5 0 14,068 17 6 14,068 17 6 .. .. 22,660 18 10 Prospecting on State Coal 146 4 1 .. 146 4 1 Reserve Charming Creek prospecting .. 5,956 18 6 5,956 18 6 .. .. 5,954 11 8 James Colliery .. .. 54,753 2 6 12,472 5 5 42,280 17 1 .. 4,766 7 6 1,915 19 5 MacDonald Colliery .. .. 80,289 4 5 2,859 11 4 77,429 13 1 .. 2,859 11 4 Wellington Depot property .. 9,913 0 4 Less sales .. .. 443 2 0 9,469 17 10 5,811 5 9 3,658 12 1 .. 5,152 14 8 789 11 3 Cbristchurch Depot property 9,838 18 4 Less loss on horses and sales 238 5 0 9,600 13 4 6,085 2 5 3,515 10 11 5,806 13 4 .. 2,220 16 0 Wanganui Depot property .. 3,683 5 10 Less loss on horses and sales 167 4 5 3,516 1 5 2,203 2 9 1,312 18 8 .. 634 5 9 337 14 10 Dunedin Depot property .. 2,023 3 7 Less sale of plant .. .. 641 10 0 1,381 13 7 1,381 13 7 .. .. 4,248 3 5 Hulks property .. 4,033 15 5 Less sales . . .. 1,948 17 0 2,084 18 5 2,084 18 5 .. 1,786 12 11 Office furniture .. .. 189 13 9 Less sales .. .. 17 5 0 172 8 9 172 8 9 .. .. 172 8 9 Grand total . . 603,313 11 8 * Less losses and sales 8,442 12 10 594,870 18.10 352,477 13 7 242,393 5 3 Interest on investments .. .. .. .. 7,263 16 1 Discounts .. .. .. .. .. .. 1329 Cash lost (highway robbery) . . . . .. .. .. 89 0 1 Totals, profit and loss .. .. .. .. 194,039 2 9 84,466 3 7 Balance, profits over losses .. .. .. .. .. 109,572 19 2 Stocks on hand and suspense.. .. .. 23,298 18 5 Investment Account (ordinary) .. .. 17,500 0 0 Interest on investments accrued . . .. 226 0 6 Sinking Fund Investments .. .. 48,198 11 8 .. Account Preliminary expenses .. .. . . 1,103 8 6 Sundry debtors .. .. .. .. 27,425 15 5 Cash on hand .. .. j .. .. 2,114 8 7 Writing off Suspense Account ' .. .. 3,033 11 2