0.—3.

4

2. Finance. A review of the year's operations in the form of a Keceipts and Payments Account and a comparative analysis of receipts and payments from 1920-29, supplemented by statements covering the loan authorities and working-balances of the Service since 1927, are presented hereinafter under Appendices IV, V, VI, and VII. In addition, financial accounts on a commercial basis are published by the Treasury in parliamentary paper (8.-l [Part IV]). Receipts. The forest receipts for the past financial year from all sources were £105,637, which is an increase of £1,553 over last year. Details, together with comparisons over a period of three years, are appended:—

TABLE 1.

Payments. The net expenditure from the State Forests Account for the past financial year was £427,418, a detailed analysis of which is set out hereunder : also comparisons with the years 1926-27, 1927-28, and 1928-29."

Item. 1929-30. 1928-29. 1927-28. 1926-27. I ■ I Forest receipts— £ £ £ £ £ £ £ £ Timber-sales .. .. .. 60,711 49,009 75,756 85,542 Timber royalties .. .. .. 6,592 7,818 5,274 3,816 Timber trespass .. .. .. 198 137 354 71 Leases Grazing .. .. .. 2,115 2,332 3,088 2,806 Sawmill-sites, industrial, &c. .. 2,850 1,339 1,845 1,225 License and transfer fees .. .. 241 128 121 117 Miscellaneous licenses .. .. 33 137 102 280 Permits —Grazing and miscellaneous 5 255 333 456 Kauri-gum .. .. .. 214 221 132 238 Fees for inspections and reports .. 776 314 703 620 Interest on overdue promissory notes 230 93 135 213 Rental of houses .. .. 117 117 80 92 Opossum revenue .. .. 4,953 4,741 4,098 4,680 Miscellaneous .. .. .. 3,116 2,798 2,209 544 National Endowment Account alio- 12,156 8,249 9,898 14,114 cation : 94,307 77,688 104,128 114,814 Less adjustments .. .. .. .. .. 749 94,307 77,688 104,128 114,065 Nurseries and plantations — Trees .. .. .. .. 6,852 8,572 7,711 10,229 Seeds .. .. .. .. 1,230 977 1,667 1,934 Firewood and poles.. .. .. 1,117 1,014 276 178 Grazing .. .. .. 775 639 438 854 Rental of houses, &c. .. .. 784 885 879 763 Miscellaneous .. .. .. 572 339 299 543 11,330 12,426 11,270 14,501 Totals .. 105,637 90,114 115,398 128,566

TABLE 2. Item. 1929-30. >1928-29. 1927-28. 1926-27. Fixed charges and staff salaries— . ££££££ ££ Interest and loan expenses .. .. .. 59,884 .. 44,189 .. 35,040 .. 29,077 Allocation of revenue— National Endowment Account .. .. 6,971 7,469 13,885 15,659 Local-body payments.. .. .. 11,522 7,284 6,983 9,061 18,493 14,753 20,868 24,720 Staff salaries— Capital .. .. .. .. 23,450 23,184 16,476 17,075 Operational .. .. .. .. 24,367 21,364 27,194 22,783 47,817 44,548 43,670 39,858 Management, establishment, and development—Capital charges— Indigenous State forests — Buildings, equipment, &c. .. .. .. 7,076 4,815 3,474 4,204 Fire-fighting equipment, &c. .. .. 39 287 182 73 Educational —Reference library, &(;. .. 113 140 180 107 Research and experimental equipment .. 3,277 1,732 2,059 2,402 Afforestation —Nurseries and plantations 239,674 154,184 108,876 78,418 Sand-dune reclamation .. .. 1,689 1,263 1,966 2,312 251,868 162,421 116,737 87,516 Opera tional expenses— Indigenous State forests and general .. 21,444 17,218 15,840 17,839 File-prevention .. ... .. 1,256 1,967 3,166 1,524 Educational —Publications, &c. .. .. 412 758 472 1,094 Utilization and silvicultural research .. 3,110 5,218 5,181 2,472 Preparation of planting plans, &c. .. 8,730 4,944 2,918 1,611 Miscellaneous .. .. .. ..1,446 5,943 257 744 36,398 36,048 27,834 25,284 Land- purchases— Indigenous forest areas .. ' .. .. .. 830 18,639 Plantation-extension .. .. .. 12,958 23,211 18,352 11,181 12,958 23,211 19,182 — 29,820 Totals .. .. 427,418 325,170 263,331 236,275