B—l [Pt. IY, SUP. B].

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TREASURY DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1926. Expenditure. Income. £ s. d. To Administrative charges— £s.d.£s. d. By Inscribed stock fees, &c. .. .. .. 883 11 0 Salaries .. .. .. 23,576 011 Exchange and commission .. .. .. 4,957 5 2 Allowances, overtime, &c. .. 271 3 4 Balance carried down .. .. .. 55,315 14 9 Office expenses .. . . 38 7 9 Postages, &c. .. .. 2,003 3 5 Telephone subscriptions .. 198 2 5 Printing and stationery .. 4,390 7 6 Office requisites, repairs, &c. .. 240 13 0 Travelling-expenses .. 410 7 0 Telegrams beyond Dominion 1,391 17 1 Annual rental value of premises (a) .. .. 2,159 0 0 34,679 2 5 Legal expenses and translations .. .. 44 7 0 Refunds of unclaimed money and dividends .. 122 6 8 Interest coupons lost in transit .. .. 2 5 0 Grants to late Secretary in lieu of leave, and officers on retirement .. .. .. 1,664 13 3 Interest on investment delayed in transit and on loan to W. J. Mather .. .. .. 53 1 2 Government Life Insurance Office, work performed .. .. .. .. 50 0 0 Depreciation .. .. .. .. 199 18 11 Consolidated stock management charges .. 24,323 8 6 Losses irrecoverable .. .. .. 17 8 0 £61,156 10 11 £61,156 10 11 £s d. £ s. d. To Balance brought down .. .. .. 55,315 14 9 By Recoveries on account of expenditure of previous Interest on capital (b) .. .. .. 105 1 7 years .. .. .. .. .. 523 911 Excess of expenditure over income .. .. 54,897 6 5 £55,420 16 4 £55,420 16 4 Notes.—The following charges are included for which the Department has not obtained Parliamentary appropriation: (a) Rental value as assessed by the Public Works Department; (b) interest at 4J per cent, on capital as at Ist April, 1925 ; (c) cost of translation bond of indemnity. Depreciation has been allowed for on balances of assets as at Ist April, 1925, the total charge being carried to Depreciation Reserve. Credit has been taken without appropriation for value of furniture transferred to other Departments. Balance-sheet as at 31st March, 1926. Liabilities. £s. d. Assets. £ s. d. Capital as at Ist April, 1925 .. .. .. 2,335 1 8 Office furniture, fittings, and equip- £ s. d. Sundry creditors for outstanding expenses .. 1,721 13 2 ment .. .. .. 1,502 11 8 Depreciation Reserve ..... .. 835 10 0 Less provisionally written off .. 17 8 0 Treasury Adjustment Account .. .. .. 53,917 4 1 1,485 3 8 Mechanical appliances .. .. .. 2,102 17 11 Library .. .. .. .. .. 81 1 5 Stock of stamps .. .. .. .. 9 10 6 Sundry debtors .. .. .. .. 230 0 0 Expenses paid in advance .. .. .. 3 9 0 Excess of expenditure over income .. .. 54,897 6 5 £58,809 811 £58,809 811 2nd August, 1926. A. D. Park, Accountant to the Treasury. 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 notes. —G. P. C. Campbell, Controller and Auditor-General.