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KAURI-GUM INDUSTRY ACCOUNT. Trading Account for the Year ended 31st March, 1930. Dr. £ s. d. Or. £ «• d. To Gum on hand, Ist April, 1929 .. .. 23,275 6 5 By Sales of gum .. .. .. ■ • 15,368 I 2 Gum on hand, 31st March, 1930 .. .. 5,15110 2 Balance to Profit and Loss Account .. .. 2,755 15 1 £23,275 6 5 £23,275 6 5 Profit and Loss Account for the Year ended 31st March, 1930. Dr. £ s. d. Or. £ s.- d. To Trading Account .. .. .. .. 2,755 15 1 By Interest on investments .. .. .. 327 19 9 Wages .. .. .. .. .. 932 4 7 Interest allowed on Sinking Fund contributions 30 13 11 Freight and cartage . . .. . . 672 3 4 Miscellaneous .. .. .. • • 419 6 Sacks and gum-cases used .. .. ~ 289 6 1 Balance, net loss for year, carried down .. 8,248 4 2 Insurance .. .. . . .. 133 17 1 Loss on disposal of buildings . . .. 58 18 4 Depreciation .. .. . . . . 37 14 8 Printing and stationery .. . . . . 4 5 0 Rent .. .. .. . . .. 500 0 0 Levy on kauri-gum sales .. .. .. 112 15 8 General expenses .. .. .. ~ 46 19 7 Interest on debentures .. .. .. 3,067 17 11 £8,611 17 4 £8,611 17 4 £ s. d. £ s. d. To Balance from previous year .. .. 53,503 010 By Adjustment on account previous year .. 29 19 11 Balance carried down .. .. .. 8,248 4 2 Transfer portion loss to Reserve Account .. 617 13 10 Balance —Accumulated loss to 31st March, 1930 61,103 11 3 £61,751 5 0 £61,751 5 0 Balance-sheet as at 31st March, 1930. Liabilities. Assets. £ s. d. Capital— £ s. d. £ s. d. : Land at face-works, buildings, &c. .. .. 4,877 4 2 Loan Account .. .. 75,000 0 0 | Vacuum tank, &c. .. .. .. .. 2,900 610 Crown Lands Account .. 500 0 0 Plant and store fittings .. .. .. 103 16 5 75,500 0 0 Tools at Auckland and depots .. .. .. 21 2 9 Consolidated Fund for interest paid on debentures 15,640 7 8 Live and dead stock .. .. .. .. 25 5 8 Interest accrued but not due .. .. .. 1,105 6 3 Office fittings and furniture .. .. .. 60 16 5 Creditors— £ s. d. Gum on hand .. .. .. .. 5,151 10 2 Sundry consignors for gum purchases 18 5 2 Sacks and gum-cases on hand .. .. .. 70 1 4 Orders issued to sundry consignors 30 12 0 Advances on gum .. .. .. .. 27 11 11 Interest due and unpaid on debentures 152 15 1. Debtors— £ s. d. 201 12 3 Kauri Peat Oils .. .. .. 52 6 8 Writings-off in suspense .. .. 6,167 7 2 Kauri-gum Control Board .. 343 2 5 Interest due and unpaid on investments .. .. .. 159 16 5 Sundry .. .. .. 11 16 0 567 1 6 Insurance premium paid in advance .. .. 18 15 1 Investment in Public Debt Redemption Fund .. 798 1 1 Losses in Suspense Account .. .. .. 6,167 7 2 Profit and Loss Account .. ' .. .. 61,103 11 3 Cash in Public Account .. .. .. 16,722 1 7 £98,614 13 4 £98,614 13 4 Receipts and Payments Account for the Year ended 31 st March, 1930. Receipts. £ s. d. Payments. £ s. d. To Cash in Public Account, Ist April, 1929 .. 3,335 11 7 By Freight and cartage .. .. .. 662 10 2 Sales of gum .. .. .. .. 15,463 10 0 Wages .. .. .. .. .. 930 010 Sale of buildings .. .. .. .. 60 0 0 General expenses .. .. .. .. 51 4 7 Interest on investments .. .. .. 168 3 4 Sacks .. .. .. .. .. 78 5 4 Sundries .. .. .. .. .. 37 15 6 Rent . . .. .. .. .. 375 0 0 Insurance .. .. .. .. 80 17 11 Refund of amount erroneously credited .. 165 0 0 Cash in Public Account at 3lst March, 1930 ..16,722 1 7 £19,065 0 5 £19,065 0 5 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, Trading and Profit and Loss Accounts, 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. The following comments are appended : (1) The certificate of the Secretary has been accepted for the stocks of " gum on hand " ; (2) no depreciation has been charged on the asset, "vacuum tank, &c, £2,900 6s. lOd." —G. F. C. Campbell, Controller and Auditor-General.

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