B.—l [Pt. IV].

PUBLIC WORKS DEPARTMENT—continued. MAINTENANCE OF PUBLIC BUILDINGS (CONSOLIDATED FUND): WELLINGTON WORKSHOPS. Trading and Profit and Loss Account fob the Year ended 31st March, 1926. l)r. Or. To Materials used — £ s. d. £ s. d. By Output for the yearPurchases during year .. 26,048 19 7 Completed jobs— £ s. d. Add stocks in hand, Ist April, On Trading A ocount .. .. .. 60,075 0 8 1925 .. .. 11,400 1 9 Plant and tool s .. 81 9 7 — Maintenance of shops .. .. .. 2,367 17 9 s 37,449 1 4 . Deduct stocks in hand, 31st 62,524 8 0 March, 1926.. .. 9,800 19 6 Add work in progress, 31st March, 1926 6,785 17 5 — 27,648 1 10 —__ Workshops wages (productive) .. .. 27,793 3 8 69,310 5 5 Cartage (recoverable) .. .. 861 8 8 Deduct work in progress, 31st March 1925 5,987 16 10 Gross profits (carried down) .. .. 7,452 3 5 —— 63,322 8 7 Transfers from stock .. .. .. 432 9 0 £63,754 17 7 £63,754 17 7 £ s. d To Overhead expenses— £ s. d. £ s. d. By Gross profit, brought down .. .. 7,452 3 5 Supervision— Balance, being net loss for year .. 5,850 4 10 Salaries .. .. 2,749 19 11 Supervisory wages .. 2,795 19 6 5,545 19 5 Holiday pay .. .. .. .. 1,438 15 3 Accident compensation .. .. .. 112 12 0 Travelling-expenses .. .. .. 125 14 2 Garage wages and repairs .. .. 481 11 1 Power .. .. .. .. 411 1 5 Maintenance of shops— Transferred from Trading Account .. .. 2,367 17 9 Sundry expenses .. 60 13 6 2,428 11 3 Depreciation— Motor-vehicles .. 73 0 0 Small tools, &c. .. 52 5 8 125 5 8 Depreciation Reserve — Buildings (2 per cent.) 155 0 0 Plant and tools (5 per cent.) 139 5 0 Office furniture (7| per cent.) 9 4 0 303 9 0 Interest at 4 J per cent, on net monthly balances of cash advances from Head Office 2,329 9 0 £13,302 8 3 £13,302 8 3 Note. —The following charges have been included for which the Department possesses no parliamentary appropriation under the above vote : (a) Reserve for depreciation of fixed assets ; (6) interest on cash advances at 4J per cent. ; (c) proportion of " Departmental " administrative expenditure. Balance-sheet as at 31st March, 1926. Liabilities. Assets. £ s. d. Head Office — £ s. d. £ s. d. Land (valuation as at Ist April, 1924) .. 8,700 0 0 Net cash advances, including Buildings— £ s. d. property at valuation .. 45,604 2 2 Valuation as at Ist April, 1924 .. 7,745 0 0 Proportion of " Departmental" Additions, 1925-26 .. .. 667 0 0 administrative expenditure from 8,412 0 0 Ist April, 1925 .. .. 27 0 0 Plant and tools .. .. 2,786 6 10 Interest credited at 4J per cent. Additions, 1925-26 .. .. 81 9 7 since Ist April, 1924 .. 4,266 3 0 49,897 5 2 2,867 16 5 Sundry creditors .. .. .. 4,761 8 2 Less small tools, &c., worn out 52 5 8 Depreciation Reserve — 2,815 10 9 Buildings .. .. .. 613 12 0 Office furniture (value at Ist April, 1924) .. 122 15 0 Plant and tools .. .. 278 10 0 Sundry debtors .. .. .. .. 12,377 0 9 Office furniture .. .. 16 3 0 Work in progress .. .. .. 6,785 17 5 908 5 0 Materials on hand—-Writings-ofi in Suspense .. .. 1,421 19 9 In stock .. .. .. 8,810 8 7 In shops .. .. .. 119 II 5 In transit .. .. .. 870 19 6 — 9,800 19 6 Stocks, &c., deficits (amount to be written off in Appropriation Act, 1926) .. .. .. .. 1,421. 19 9 Profit and Loss Account—Net loss for 1924-25 .. .. 702 10 1 Net loss for 1925-26 .. .. 5,850 410 6,552 14 11 £56,988 18 1 £56,988 18 1

141