C.—2a,

10

NEW ZEALAND STATE COAL-MINES— continued. Balance-sheet as at 31st March, 1929. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. Loan under Coal-mines Act, 1925 .. .. .. .. 110,000 0 0 Collieries— New Zealand Consolidated Inscribed Stock .. .. .. 52,601 0 7 Development and Property Accounts .. .. .. 174,961 1 3 162,601 0 7 Machinery, plant, ropes, and rolling-stock .. .. .. 39,934 11 7 Interest due and unpaid on loan capital .. .. .. 1,267 18 11 Electrical plant (James Colliery) .. .. .. .. 5,883 3 1 Accrued interest on loan capital .. .. .. .. 2,522 7 7 Buildings at mines .. .. .. .. .. 6,17998 3,790 6 6 Cottages at mines .. .. .. .. .. 6,745 6 9 Departmental. Sundry. Plantations at mines .. .. . . . . .. 2,403 4 5 Sundry creditors— £ s. d. £ s. d. Coal stocks (bins, wharf, and afloat).. .. .. .. 5,014 13 11 Liverpool Colliery .. .. 2,119 9 2 7,961 15 2 10,081 4 4 Stores on hand .. .. .. .. .. .. 9,265 19 5 James Colliery .. .. .. 281 18 4 4,387 1 0 4,668 19 4 250,387 10 1 Wellington Depot .. .. 70 15 3 1,205 1 0 1,275 16 3 Plant, buildings, &c., on hire .. .. .. .. .. 3,626 2 4 Christchurch Depot .. .. 2,173 5 6 133 1 10 2,306 7 4 Depots— Wanganui Depot .. .. 51 8 2 107 15 10 159 4 0 Property Accounts .. .. .. .. .. 16,969 14 2 ■ Stocks and stores on hand .. .. .. 13,846 0 10 4,696 16 5 13,794 14 10 18,491 11 3 30,815 15 0 Deposits on contracts .. .. .. .. .. .. 1,025 0 0 Prospecting on State Coal Reserve .. .. .. .. .. 113 11 10 Sinking Fund .. .. .. .. .. .. .. 4,854 4 7 Sinking Fund investments .. .. .. .. .. .. 4,854 4 7 Reserves— Housing advances to workmen .. .. .. . . 5,826 2 6 General Reserve .. .. .. .. .. .. 164,226 12 3 Interest accrued due .. .. .. .. .. 90 3 7 Bad Debts Reserve .. .. .. .. .. 812 11 7 5,916 6 1 Accident Insurance Reserve .. .. .. .. 3,304 5 10 Investments (ordinary) .. .. .. .. .. 32,800 0 0 168,343 9 8 Interest accrued due .. .. .. .. .. 323 15 11 General Profit and Loss Account— 33,123 15 11 Net profit for year .. .. .. .. .. .. 4,695 4 8 Departmental. Sundry. Sundry debtors— £ s. d. £ s. d. Liverpool Colliery.. .. 708 15 3 7,131 7 6 7,840 2 9 James Colliery .. .. 96 8 1 627 0 4 723 8 5 Wellington Depot.. .. 727 5 11 10,017 15 3 10,745 1 2 Christchurch Depot .. 53 18 1 5,146 10 10 5,200 8 11 Wanganui Depot .. .. 223 0 5 3,499 15 10 3,722 16 3 1,809 7 9 26,422 9 9 28,231 17 6 Less provisionally written off .. .. .. .. 15 7 4 28,216 10 2 Cash in Receiver-General's Deposit Account .. .. .. .. 1,075 0 0 Cash in Public Account .. .. .. .. .. .. 5,672 1 3 £363,800 17 3 £363,800 17 3 State Coal-mines Office, Wellington, 16th July, 1929. W. A. Yeitch, A. W. Gyles, A. I.A.N. Z., Accountant. Minister of Mines. I hereby certify that the attached Working and Profit and Loss Accounts of Depots and Collieries, General Profit and Loss 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, except that in the opinion of the Audit Office interest on capital expenditure on the unopened MacDonald Colliery should be charged to General Profit and Loss Account instead of being capitalized, as development was sufficiently completed several years ago.— G. F. C. Campbell, Controller and Auditor-General.