B.—l [PT. IY, SUP.] .

PUBLIC WORKS DEPARTMENT—continued. TIMBER SUPPLY AND SAWMILLS (PUBLIC WORKS FUND): KATIKATI TIMBER-SUPPLY ACCOUNT—continued. Trading Account and Profit and Loss Account, etc.—continued. Profit and Loss Account. Dr. £ s. d. Cr. £ s. d. To Trading Account (gross loss) .. .. 538 5 0 To Balance, being net loss for period carried down .. 1,044 17 1 Cartage .. .. .. .. . . 350 7 5 Plant hire .. .. .. .. 25 1 6 £ s. d. Rent, mill-site .. .. 32 19 2 Rent, tramways .. .. 4 0 0 Rent, Ground .. .. 52 6 7 89 5 9 Supervision expenses .. .. .. 7 12 4 Sundries .. .. .. . . . . 7 4 0 Depreciation— £ s. d. Plant .. .. .. 6 13 0 Trams and roads 20 8 1 27 1 1 £1,044 17 1 £1,044 17 1 £ s. d. £ s. d. To Balance brought down * .. .. 1,044 17 1 To Balance, being total loss after providing for Interest on capital .. .. .. 632 2 4 interest on capital and reduction of preliminary Proportion of— £ s. d. expenses .. .. .. .. 1,808 0 4 Survey expenses.. .. 101 1 1 Legal expenses .. .. 4 2 0 Interest on purchase price 25 17 10 ■ 131 0 11 £1,808 0 4 £1,808 0 4 TIMBER-SUPPLY AND SAWMILLS (PUBLIC WORKS FUND) : MAKOMAKO TIMBER-SUPPLY ACCOUNT. Trading and Profit and Loss Account from 30th July, 1923, to 31st March, 1925. Trading Account. Dr. £ s. d. ; Cr. £ s. d. £ s. d. To Milling Account .. .. .. .. 1,808 "2 8 By Sales— Wages .. .. .. .. .. 52 5 7 Transfers to works .. .. 2,434 1 11 Cartage .. .. .. .. .. 28 10 10 j Other sales .. .. .. 102 9 11 Royalties .. .. .. .. 671 11 11 • 2,536 11 10 Gross profit, transferred to Profit and Loss Ac- 240 4 6 Stock of timber on hand .. .. .. 264 3 8 count i £2,800 15 6 j £2,800 15 6 Profit and Loss Account. Dr. £ s. d. Cr. £ s. d. To Salaries .. .. . . .. . . 189 8 3 By Trading Account (gross profit) .. .. .. 240 4 6 Travelling-expenses .. .. .. .. 0110 Net loss for period after providing for interest on Interest Account .. .. .. .. 373 10 5 capital .. .. .. .. .. 323 5 2 £563 9 8 £563 9 8 Note. —The following charge has been included for which no parliamentary appropriation is held : Interest at 4J per cent, has been charged on net payment to 31st March, 1925. TIMBER-SUPPLY AND SAWMILLS (PUBLIC WORKS FUND): WHATORO SAWMILL. Trading and Profit and Loss Account for the Year ended 31st March, 1925. Trading Account. Dr. Cr. To Stores on hand, Ist April, 1924— £ s. d. £ s. d. By Sales of timber — £ s. d. £ s. d. Running stores .. .. 778 18 5 Transfer to Government works 2'8,021 17 7 Logs and timber .. .. 15,918 9 8 Cash sales .. .. .. 2,674 11 10 16,697 8 I 30,696 9 5 Milling expenses .. .. .. ..4,58994 Stocks on hand —- £ s. d. Operating stores and supplies .. ~ 1,676 5 4 Logs .. .. 3,608 18 10 Timber purchased and delivered .. .. 6,557 1 2 Timber .. 798 2 5 Logging royalties .. .. .. .. 678 18 3 4,407 1 3 Gross profit transferred to Profit and Loss Ac- Running stores .. .. 302 4 10 count .. .. .. .. .. 5,206 13 4 4,709 6 1 £35,405 15 6 £35,405 15 6 Profit and Loss Account. Dr. £ s. d. Cr. £ s. d. To Salaries .. .. .. .. .. 625 15 4 By Gross profit transferred from Trading Account.. 5,206 13 4 Travelling-expenses, &c. .. .. .. 48 9 2 . Interest on capital.. .. .. .. 156 0 7 Depreciation on— Plant and buildings .. .. .. 2,190 11 6 Tram-lines, &c. .. .. .. .. 205 14 0 Net profit for year after providing for interest on capital .. .. .. 1,980 2 9 £5,206 13 4 £5,206 13 4 Note. —The following charges have been included for which no parliamentary appropriation is held : (a) Interest at 4|- per cent, has been charged on net payments to 31st March, 1925 ; (b) depreciation has been allowed on value of assets at Ist April, 1924.

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