C.--2

6

The amount paid for management and office salaries (Head Office £ and mines) totalled . . .. .. . . . . 3,947 The gross capital expenditure on the whole undertaking to the 31st March last was . . . . .. . . . . . . 628,769 The total depreciation written off to date (equal to 60 per cent, on the gross capital expenditure) amounts to . . .. 377,874 The debenture and loan capital stands at .. .. .. 227,601 The net profits of the State Coal-mines Account from inception to the 31st March, 1928, are .. .. .. .. .. 151,049 The net profit for the year ended 31st March, 1928, was . . .. 21,806 The sinking fund is in credit . . .. .. .. .. 62,338 General reserve stands at .. . . .. . . 81,972 The amount at credit of Profit and Loss is .. .. .. 17,254 The cash in hand and in the Public Account at the 31st March last was (last year £10,566) .. .. .. .. ..22,098 The present net book value of permanent or fixed assets is .. 250,895

TABLES TO ACCOMPANY MINKS STATEMENT.

No. 1. Table showing the Quantity and Value of Gold and other Minerals exported during the Years ended the 31st December, 1927 and 1926, and the Total Value since the 1st January, 1853. The Coaloutput is also included.

Name of Metal or Mineral. For Year ended the 31st December, 1927. Quantity. Value. For Year ended the 31st December, 1926. Total fr 1st January, 31st Docon •om the 1853, to the iber, 1927. Quantity. Value. Quantity. Value. Precious metals— Gold* .. Silver Oz. 130,171 427,358 £ 534,639 42,589 Oz. 125,777 425,287 £ 516,207 51,236 Oz. 23,546,735 25,980,821 £ 92,938,038 3,059,249 Total gold and silver .. 557,529 577,228 551,064 567,443 49,527,556 95,997,287 Mineral produce, including kaurigum— Copper-ore Chrome-ore Antimony-ore Manganese-ore Hematite ore Tungsten-ore Quicksilver Sulphur (crude) Mixed minerals! Coal (New Zealand) exported Coke exported Coal, output of mines in Dominion (less exports) Oil-shale Kauri-gum Tons. 1O10 £ 821 Tons. ISA £ 998 Tons. 1,504 5,869 3,781 19,380 77 2,397 ¥ % 10 ST j 4,927 79,016 5,934,191 17,603 60,391,891 £ 19,390 38,002 55,045 61,994 469 305,944 8,336 13,241 331,623 6,427,308 27,583 40,810,813 143,440 19 2,223,300 6,636 221,253 69 2,223,300 2,'382iS 183,008 230 2,056,991 9,761 285,909 505 2,056,991 4,674 278,632 4,877 332,765 14,444 403,973 7,236 22,134,383 Total quantity and value of minerals Value of gold and silver, as above 2,373,205-frg-2,730,711 577,228 2,247,502J' T) - 2,686,929 66,879,069-1$ 70,241,367 567,443 95,997,287 Total value of minerals, including gold and silver * In respect of gold, c | Including pumico-ss ounces of the fini md, 1,733 tons; 3,307,939 3,254,372 166,238,654 mesa of 20 oarai also marblo of i and upwards, -eight unspecifii id by the Custi ims Department.