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KAURI-GUM INDUSTRY ACCOUNT. Trading Account for the Year ended 31st March, 1931. Dr. £ s. d. Gr. £ s. d. To Gum on hand, Ist April, 1930 .. .. 5,151 10 2 By Sales of gum .. .. .. .. 2,477 910 Gum on hand, 31st March, 1931 .. .. 2,648 10 6 Balance to Profit and Loss Account.. .. 25 9 10 £5,151 10 2 £5,151 10 2 Profit and Loss Account for the Year ended 31st March, 1931. Dr. £ s. d. Gr. £ s. d. To Trading Account .. .. .. .. 25 910 By Interest on investments .. .. .. 346 6 0 Gum-cfeaning expenses .. .. .. 313 0 0 Interest allowed on Sinking Fund contributions 31 18 5 Wages .. .. .. .. • • 14 3 5 Miscellaneous .. .. .. • • 10 0 Freight and cartage .. .. .. 4 19 Balance, net loss for year, carried down .. 3,210 16 3 Depreciation .. .. .. •. 13 0 0 Insurance .. .. .. ■. 40 1 8 Printing and stationery .. .. .. 22 6 Rent .. .. .. .. ■. 267 3 3 General expenses .. .. .. 196 1710 Interest on debentures .. .. .. 2,71405 £3,590 0 8 £3,590 0 8 £ s. d. £ s. d. To Balance from previous year .. .. 61,103 11 3 By Adjustment on account previous year .. 173 17 2 Balance carried down .. .. .. 3,210 16 3 Balance—Accumulated loss to 31st March, 1931 71,350 22 Loss on realization .. .. .. 7,209 11 10 £71,523 19 4 £71,523 19 4 Receipts and Payments Account fob the Year ended 31st March, 1931. Receipts. £ s. d. Payments. £ s. d. To Cash in Public Account, Ist April, 1931 .. 16,722 1 7 By Expenditure under section 4, Kauri-gum Sales of gum .. .. .. .. 3,009 13 0 Industry Amendment Act, 1914 .. .. 767 810 Proceeds derived from sale of sundry assets .. 136 13 7 Securities redeemed and cancelled .. .. 18,000 0 0 Interest on investments .. .. .. 506 2 5 Cost of exchange on cash remitted to London for investment .. .. .. .. 19 3 10 Cash in Public Account at 31st March, 1931 .. 1,587 17 11 £20,374 10 7 £20,374 10 7 Balance-sheet as at 31st March, 1931. Liabilities. Assets. £ s. d. Capital £ s. d. £ s. d. Realization Account—-Assets in course of realization 7,839 11 7 Debentures at 4 per cent. .. 57,000 0 0 Gum on hand .. .. .. .. 2,648 10 6 Crown Lands Account .. 500 0 0 Advances on gum .. .. .. .. 27 11 11 57,500 0 0 Debtors— £ s. d. Consolidated Fund, for interest paid on debentures 18,665 12 6 Kauri-peat Oils .. .. .. 52 6 8 Interest accrued but not due .. .. .. 936 19 8 Sundry.. .. .. 25 16 0 Creditors — £ s. d. — 78 2 8 Interest due and unpaid on debentures 917 3 Investment in Public Debt Redemption Fund .. 829 19 6 Kauri-gam Control Board .. 39 15 0 Losses in Suspense Account .. .. .. 58 18 4 — 49 12 3 Profit and Loss Account .. .. .. 71,350 22 Writings-off reserve .. .. .. .. 7,268 10 2 Cash in Public Account .. .. .. 1,587 17 11 £84,420 14 7 £84,420 14 7 W. Robertson, Under-Secretary for Lands. W. E. Shaw, Accountant. 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) losses of stocks of gum amounting to £6,108 Bs. 10d., the value of the accumulated shrinkage and dust, have been written off without the authority of Parliament.— G. F. C. Campbell, Controller and Auditor-General.

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