33

B.—l [PT. IV], SUP. TO 1929.

LANDS AND SURVEY DEPARTMENT—continued. KAURI-GUM INDUSTRY ACCOUNT. Receipts and Payments Account fob the Year ended 31st March, 1929. Receipts. £ s. d. Payments. £ s. d. To Cash in Public Account, Ist April, 1928 .. 71 16 10 By Repayment of advances from Consolidated Fund 800 0 0 Sales of consignment .. .. .. 207 2 5 General expenses .. .. .. .. 14 12 0 Sales of gum and sacks .. .. .. 4,963 1 0 Royalty .. .. .. .. .. 184 11 8 Interest on investments .. .. .. 17 13 10 Wages .. .. .. .. .. 538 13 9 Lands and Survey vote .. .. .. 165 0 0 Freight and cartage .. .. .. 68 7 4 Credits in reduction of expenditure— £ s. d. Sacks .. .. .. .. .. 30 16 2 Refunds advances .. .. 147 19 0 Insurance .. .. .. .. 168 0 1 Kauri-gum Control Board —pro- Rent .. .. .. .. . . 625 0 0 portion wages . . .. 252 4 3 Repairs to lift .. .. .. .. 66 14 9 Sale of rails .. .. .. 710 0 Cash in Public Account at 31st March, 1929 .. 3,335 11 7 • 407 13 3 £5,832 7 4 £5,832 7 4 Trading Account for the Year ended 31st March, 1929. Dr. £ s. d. | Cr. £ s. d. To Gum on hand Ist April, 1928 .. .. 29,362 6 8 By Sales .. .. .. .. .. 5,554 1 2 Gum on hand 31st March, 1929 .. 23,275 6 5 Balance (gross profit) to Profit and Loss Account 532 19 1 £29,362 6 8 £29,362 6 8 Profit and Loss Accounts for the Year ended 31st March, 1929. £ s. d. £ s. d. To Trading Account (gross profit) .. .. 532 19 I By Storage .. .. .. .. .. 4 6 4 Wages .. .. .. .. .. 474 17 7 Interest on investments .. .. .. 17 13 10 Freight and cartage .. .. .. 118 10 10 Balance, net loss for year, carried down .. 5,573 8 8 Sacks used .. . . .. . . 30 16 2 Insurance .. .. . . .. 168 0 1 Depreciation .. .. .. .. 40 13 7 Rent .. .. .. .. .. 500 0 0 Repairs to lift . . .. .. .. 66 14 9 General expenses .. .. .. .. 14 12 0 Loss on consignment .. .. .. 575 14 9 Interest on debentures .. .. .. 3,072 10 0 £5,595 8 10 £5,595 8 10 £ s. d. £ s. d. To Balance from previous year .. .. 47,929 12 2 By Balance —Accumulated loss to 31st March, 1929 53,503 010 Balance (net loss) carried down .. .. 5,573 8 8 £53,503 0 10 £53,503 0 10 Balance-sheet as at 31st March, 1929. Liabilities. £ s. d. Assets. £ s. d. Loan Account —Debentures issued .. .. 75,000 0 0 Land at face-works, &c., buildings, &c. .. .. 5,012 210 Crown Lands Account .. .. .. 500 0 0 Vacuum tank, &c. .. .. .. .. 2,900 610 Consolidated Fund —Interest paid on debentures.. 12,567 17 8 Plant and store fittings .. .. .. 115 7 1 Interest accrued but not due .. . . .. 1,262 13 5 Tools at Auckland and depots.. .. .. 23 9 6 Sundry creditors— Live and dead stock .. .. .. .. 28 1 9 Northern Steamship Co. .. .. .. 0 9 9 Furniture and office fittings .. .. .. 65 17 3 Sundry consignors, for gum purchases .. 18 5 2 Gum on hand .. .. .. .. 23,275 6 5 Orders issue to sundry consignors . . . . 30 12 0 Sacks and gum-cases on hand .. .. 281 4. 1 Lands and Survey vote .. .. .. 165 0 0 Advances on gum .. .. .. .. 61 711 Reserve Account .. .. .. .. 617 13 10 Sundry debtors — Kauri-peat oils .. .. .. .. 52 6 8 Kauri-Gum Control Board .. .. . . 671 12 8 Sundries .. .. .. .. . . 11 16 0 Insurance premium paid in advance .. . . 87 3 5 Investment in Public Debt Redemption Fund .. 737 17 0 Profit and Loss Account .. .. .. 53,503 010 Cash in Public Account .. .. .. 3,33511 7 £90,162 11 10 £90,162 11 10 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. 1 hereby certify that the Statements 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 figures shown in the Stock-book have been accepted for " 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.

s—B.5 —B. 1 [PT. IV], SUP. TO 1929.