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LAND AND INCOME TAX DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1925. Expenditure. In-come. £ s. d. £ s. d. £ s. d. To advertising, books, &c... .. .. 515 11 4 By Land-tax .. .. 1,198,886 0 8 Contingencies .. .. .. 35 3 6 Income-tax .. .. 3,357,003 14 1 Law-costs .. .. .. .. 1,284 12 11 4,555,889 14 9 Office requisites (including printing and Interest and dividends .. .. 453 16 1 stationery) .. .. .. .. 2,237 18 8 Overtime and meal allowances .. .. . 360 13 0 Postages and telegrams .. ~ . - 1,882 810 Rent.. ... .. .. .. 2,060 0 0 Repairs and renewals to office equipment 138 10 8 Salaries .. .. .. .. 32.908 3 10 Services rendered by other Departments— Customs Department, collecting deposits 200 0 0 Post and Telegrapli Department, receiving payments of tax .. .. 1,684 15 0 Telephone services .. .. . . 144 2 2 Temporary assistance .. .. .. 860 1 8 Travelling allowances and expenses 1,743 4 5 Valuation Department (contribution to) .. 6,133 3 4 Credits to Consolidated Fund— Edward Ashton .. .. .. 82 1 0 Booth and Co. (Limited) .. .. 1,642 10 0 W. F. Evans . . .. .. 54 11 5 Railway Inquiry Commissioners .. 457 13 4 Royal Commission on Taxation . . 690 18 1 Interest (allowed to taxpayers in pursuance of section 134 of 1923 Act) . . 1,574 11 1 56,690 14 3 Depreciation on office furniture, fittings,. mechanical appliances, and library .. 481 19 4 Balance carried down .. .. .. 4,499,170 17 3 £4,556,343 10 10 £4,556,343 10 10 £ s. d. £ s. d. To Interest on capital .. .. .. 231 7 0 By Balance brought down .. .. 4,499,170 17 3 Excess of revenue over expenditure .. 4,498,939 10 3 £4,499,170 17 3 £4,499,170 17 3 Percentage cost of collection of revenue, 1-172. Note.—The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value as assessed by Public Works Department, £1,987 ; (b) interest at 4\ per cent, on capital value as at Ist April, 1924, £231 7s. Balance-sheet as at 31st March, 1925. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Capital .. .. .. .. 5,141 1 2 Office furniture and fittings .. 3,335 1 8 Sundry creditors — Additions during year . . 34 7 8 Outstanding expenses .. 7,360 11 11 3,369 9 4 Land-tax* .. .. 8,635 2 0 Library .. .. .. 192 3 0 Income-tax* .. .. 20,847 7 5 Additions during vear .. 21 12 0 36,843 1 4 " 213 15 0 Depreciation Reserve .. .. .. 1,720 4 4 Office appliances .. .. 1,613 16 6 Suspense Account for default assessments, &c. 150,000 0 0 Additions during year .. 9 17 6 Excess of revenue over expenditure .. 4,498,939 10 3 1,623 14 0 5,206 18 4 Forms and stationery .. .. 817 6 6 Official stamps . . .. .. 8 15 9 Sundry debtors— Land-tax .. .. 209,837 19 8 Income-tax .. .. 369,657 0 7 * 579,495 0 3 Treasury Adjustment Account .. 4,098,326 13 7 Cash in Post Office Account, 31st March, 1925 — Land-tax .. .. 4,589 15 10 Income-tax .. .. 4,199 6 10 8,789 2 8 £4,692,643 17 1 j £4,692,643 17 1 * Includes amounts paid in advance, and overpayments, subject to adjustment. Contingent liability in respect of bills discounted by Bank of New Zealand, £16,797 Is. Id. A. E. Fowler, Deputy Commissioner of Taxes. 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, subject to the above departmental note. —G. F. C. Campbell, Controller and Auditor-General.