59

B.—l [Pi. IV].

ADVANCES TO MINING COMPANIES. Income and Expenditure Account fob the Year ended 31st Mabch, 1925. Expenditure. £ s. d. Income. £ a. d. To Interest on loan capital .. .. 2,432 12 IBy Interest on advanoes to companies ... .. 1,239 0 9 Loss on realization of securities .. .. 4,000 0 0 Balance—Net loss for year .. .. .. 5,193 11 4 £6,432 12 1 £6,432 12 1 £ s. d. £ s. d. To Balance .. .. .. .. 5,193 11 4By Balance—Deficiency for year .. .. 5,292 16 4 Contribution to Sinking Fund .. .. 99 5 0 £5,292 16 4 £5,292 16 4 Balance-sheet as at 31st March, 1925. Liabilities. £s.d.£ s. d. Assets. £ s. d. £s. d» Capital—• Advances to mining companies .. 33,635 7 2 Loans under various Acts .. 55,700 0 0 Less Suspense Account .. 9,000 0 0 From Consolidated Fund .. 225 0 0 24,635 7 2 From Public Works Fund .. 5,958 9 0 Sundry debtors, for interest .. .. 7,362 12 3 Interest receivable, accrued but not .. 201 16 6 61,883 9 0 due Less written off under —• £ s. d. Sinking Fund Investment Account .. 1,082 19 1 Appropriation Act, Cash in Treasury .. .. .. 11,856 15 7 1920 .. .. 375 0 0 Suspense Account .. .. ... 910 7 Appropriation Act, Losses in previous year .. .. 8,334 2 11 1924 .. .. 5,958 9 0 Loss for year .. .. .. 5,292 16 4 .■ . ■ 6,333 9 0 — 13,626 19 3 55,550 0 0 Sinking Fund .. .. .. .. 1,082 19 1 Sundry creditors —Interest due to Treasury .. 1,219 10 0 Interest payable, accrued but not due .. 923 11 4 £58,776 0 5 £58,776 0 5 G. Jas. Anderson, Minister of Mines. P. G. Pearce, Accountant. I hereby certify that the Income and Expenditure Account and Balance-sheet have been examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.