B.—l [PT. IV], SUP. TO 1929.

48

PUBLIC WORKS DEPARTMENT—continued. TIMBER-SUPPLY AND SAWMILLS (PUBLIC WORKS FUND) : MAKOMAKO. Trading and Profit and Loss Account for the Year ended 31st March, 1929. Trading Account. Dr. £ s. d. £ s. d. Cr. £ s. d. To Logging— By Sales of timber .. .. .. .. 7,216 9 0 Logs on skids, Ist April, 1928 .. .. .. 7 1 8 Wages .. .. .. 1,627 14 9 Supplies .. .. .. 118 19 10 1,753 16 3 Less logs on skids, 31st March, 1929 .. .. .. 22 12 0 1,731 4 3 Milling— Timber on hand, Ist April, 1928 .. .. .. 437 7 1 Wages .. .. .. 2,306 13 11 Supplies .. .. .. 239 6 0 2,983 7 0 Less timber on stock, 31st March, 1929 .. .. 203 13 5 2,779 13 7 Net loss on hewn timber .. .. .. 1119 Gross profit .. .. .. .. 2,703 19 5 £7,216 9 0 £7,216 9 0 Profit and Loss Account. Or. £ s. d. Cr. £ s. d. To Supervision .. .. .. .. 143 2 3 By Gross profit .. .. .. 2,703 19 5 Royalty .. .. .. .. .. 855 0 0 Depreciation of assets .. .. .. 550 3 0 Repairs— £ s. d. Plant .. .. .. 302 5 10 Mill .. .. .. 80 18 9 383 4 7 Interest on capital— Net cash advances .. .. 74 14 2 Plant loaned from " Plant " vote .. .. .. 115 13 0 190 7 2 Net profit for year .. .. .. 582 2 5 £2,703 19 5 £2,703 19 5 £ s. d. £ s. d. To Balance, net profit to 31st March, 1929 .. 3,713 .11 6 By Net profit to 31st March, 1928 .. .. 3,131 9 1 Net profit for 1928 -29 .. .. .. 582 2 5 £3,713 11 6 £3,713 11 6 Note.—The following charges have been included for which the Department possesses no parliamentary appropriation : (a) Temporary charge for interest at 4J per cent. ; (6) depreciation and value of bush written off.