B.—l [PT. IV],

178

MINES DEPARTMENT. MINING ADVANCES ACCOUNT. Income and Expenditure Account fob the Year ended 31st March, 1930. Expenditure. £ s. d. I Income. £ s. d. To Interest on loan capital .. .. .. 2,067 5 0 By Interest on advances .. .. .. 324 12 10 Interest on investments .. .. .. 717 3 8 Interest on investment in Public Debt Redemption Fund .. .. .. .. 43 8 9 Balance—Net loss, carried down .. .. 981 19 9 £2,067 5 0 £2,067 5 0 £ s. d. £ s. d. To Balance brought down .. .. .. 981 19 9 By Interest on loan capital overcharged in 1926-27 and 1927-28 .. .. .. .. 122 17 4 Balance to accumulated losses .. .. 859 2 5 £981 19 9 £981 19 9 Balance-sheet as at 31st March, 1930. Liabilities. £ s. d. Assets. £ s. d. Capital—Loans under various Acts .. .. 44,990 0 0 Advances .. .. .. .. .. 22,353 410 £ s. d. Sundry debtors— £ s. d. Liability to Consolidated Fund .. 2,930 12 3 Departmental .. .. 212 6 Less provisionally written off .. 2,928 10 10 Sundry .. .. .. 3,302 1 6 2 1 5 3,304 14 0 Interest due to Consolidated Fund.. .. 3,378 15 7 Interest accrued but not due .. .. 354 8 0 Interest due and unpaid .. .. .. 75 1 8 Investments .. .. .. .. 14,000 0 0 Sundry creditors— Cash in Public Account .. .. .. 723 13 4 Departmental .. .. 17 12 3 Losses in previous years .. 18,858 2 8 Sundry .. .. .. 5 0 0 Adjustment of liability to Consoli22 12 3 dated Fund .. .. 271 8 4 Interest accrued but not due .. .. .. 695 14 1 Reserve for losses .. .. .. .. 5,500 0 0 19,129 11 0 Written off, Appropriation Act, 1929 .. .. .. 6,060 8 7 13,069 2 5 Loss, per Income and Expenditure Account .. .. .. 859 2 5 13,928 4 10 £54,664 5 0 £54,664 5 0 Note.—Loan capital amounting to £16,893 9s. has been redeemed from the Consolidated Fund, being amount of capital losses, £16,849 4s. Bd. written off under the 1920, 1924, 1927, and 1929 Appropriation Acts, £42 2s. lid. redeemed from the Investment in the Public Debt Redemption Fund, leaving a balance of £2 Is. sd. due to the Consolidated Fund. The amount of interest due to the Consolidated Fund has been reduced by the sum of £5,897 16s. 9d., representing losses of interest due to this account. A. 11. Kimbell, Under-Secretary for Mines. A. W. Gyles, A.1.A.N.Z., A.R.A.N.Z., Accountant. I hereby certify that the Income and Expenditure 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.—G. F. C, Campbell, Controller and Auditor-General.