B.—l [PT. IY].

PUBLIC WORKS DEPARTMENT—continued. TIMBER-SUPPLY AND SAWMILLS (PUBLIC WORKS FUND): WAIKAREMOANA. Trading and Profit and Loss Account tor the Year ended 31st March, 1927. Trading Account. Dr. Cr. To Logging— £ s. d. f s. d. By Sales— £ s. d. £ s. d. Hauling .. .. .. 333 8 1 Transfer to works .. 9,333 8 4 Wages .. .. .. 3,057 6 6 Cash sales .. .. 58 18 2 Supplies .. .. .. 634 0 1 Sawdust .. .. .. 2 0 0 4,024 14 8 Firewood .. .. 4 10 0 Milling— 9,398 16 6 Wages .. .. .. 2,466 0 9 Timber used for accommodaSupplies .. .. .. 679 14 2 tion .. .. .. 237 011 Timber used for access road 15 3 6 3,145 14 11 Timber used for tram-line .. 458 4 5 Less sawn timber on hand Timber used for mill .. 66 10 11 31st March, 1927 .. 72 18 0 776 19 9 3,072 16 11 Gross profit .. .. .. 3,078 4 8 £10,175 16 3 £10,175 16 3 Profit and Loss Account. Dr. £ s. d. Cr. £ s. d. To Supervision .. .. .. .. 419 9 8 By Gross profit .. .. .. .. 3,078 4 8 Royalty .. .. .. .. .. 689 15 6 Net loss for the year .. .. .. 470 5 10 Insurance .. .. .. .. 145 11 6 Road-maintenance.. .. .. .. 56 14 7 Interest— £ s. d. On plant on loan .. .. 2 12 8 On capital .. .. .. 237 410 239 17 6 Depreciation of assets .. .. .. 1,997 1 9 £3,548 10 6 £3,548 10 6 Note. —The following charges have been included for which no parliamentary appropriation is held: (a) Interest (temporary charge) at 4J per cent, on net cash advances and on plant on loan; (b) depreciation of fixed assets. TIMBER-SUPPLY AND SAWMILLS (PUBLIC WORKS FUND): WHATORO. Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. To Wages of watchman, &c. .. .. .. 247 12 9 By Rents from— £ s. d. Fire insurance .. .. .. .. 256 211 Lease of mill and yard .. .. .. 142 210 Rentals of land and sidings .. .. .. 73 13 3 Cottages .. .. .. .. .. 65 16 0 Repairs and advertising .. .. .. 21 15 9 Net loss for the year .. .. .. 539 9 3 Depreciation on plant, buildings, &c. .. .. 148 3 5 £747 8 1 £747 8 1 Note. —(«) The above-named sawmill was not operated by the Department during the year; (b) the charge for depreciation has been made without parliamentary appropriation. PLANT, MATERIAL, AND STORES (PUBLIC WORKS FUND). Income and Expenditure on Capital Account for the Year ended 31st March, 1927. Expenditure. Income. To Expenditure, including salaries, wages, &c., on— By Sundry recoveries from miscellaneous works— £ s. d. £ s. d. £ s. d. Plant —Hire, depreciation, sales and transfers Plant .. .. .. 19,393 1 4 to separate accounts .. .. .. 40,816 1 10 Material and stores .. 32,960 3 9 Material and stores —Issues, &c., including Moehau Quarry (equipment).. 371 4 3 overhead charges .. .. .. 39,302 19 9 52,724 9 4 Transfer to Moehau Quarry Account .. 371 4 3 Balance, excess of capital income over capital expenditure for the year, transferred to— £ s. d. Plant Account .. .. 21,423 0 6 Material and Stores Account .. 6,342 16 0 27,765 16 6 £80,490 5 10 £80,490 5 10 Note.—Credit has been taken without parliamentary appropriation under the vote for £419, depreciation during 1926-27 on plant not in service—transferred to Public Works Departmental Account.

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