D.—l

J. J. Gibson, Accountant, Public Works Department. C. J. McKenzie, for Chairman, Main Highways Board. I hereby certify that the Income and Expenditure 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 comment is appended: A reserve of £150,738 14s. 4d. for redemption of securities has been set up and paid over to Loans Redemption Account, but the amount has not yet been applied to the redemption of securities.— G. F. C. Campbell, Controller and Auditor-General.

TABLE 1.—MAIN HIGHWAYS ACCOUNT— continued. General Balance-sheet as at 31st March, 1931.

134

LIABILITIES. ~ e °"5£f Total - ASSETS ' R " "TSSf" T ° tal - Accumulated Revenue Fund— £ s. d. £ s. d. £ s. d. Cash in Public Account- £ s. d. £ s. d. £ s. d. Balance at 31/3/30 302,099 6 8 I :_.'. At call 224,885 19 0 102,636 17 11 327,522 16 11 Excess of income over expenditure for 1930-31 .. 81,617 17 5 Invested temporarily until required .. .. .. 115,000 0 0 .. 115,000 0 0 383,717 4 1 .. 383,717 4 1 339,885 19 0 102,636 17 11 442,522 16 11 Construction Fund Sundry debtors — Excess of income over expenditure for 1930-31 .. .. 138,724 14 1 Public Works Department .. .. .. .. 1,496 6 1 1,354 2 8 2,850 8 9 Less balance at 31/3/30 39,231 3 9 Other Government Departments .. .. .. 2,807 6 6 200 2 0 3,007 8 6 ' Non-departmental .. .. .. .. .. 4,258 6 1 24,279 4 3 28,537 10 4 99,493 10 4 99,493 10 4 Motor-registration fees in hands of Postal Department .. 2,683 12 9 p .. 2,683 12 9 Sundry creditors Interest due and accrued .. .. .. .. 3,888 8 9 .. 3,888 8 9 Public Works"Department .. .. .. 11,610 18 7 8,213 1 3 19,823 19 10 Stocks of material, tools, &c. .. .. .. .. 13,283 19 0 21,293 9 2 34,577 8 2 Other Government Departments .. .. .. 655 2 3 462 16 1 1,117 18 4 Stocks, deficits account .. .. .. .. 347 8 11 211 5 11 558 14 10 Non-departmental .. .. .. .. 66,857 13 10 48,342 9 10 115,200 3 8 Roadmen's cottages, huts, and road buildings generally .. 8,123 7 0 6,748 1 6 14,871 8 6 Interest accrued on loans '.'. .'. .. .. 12,908 16 1 .. 12,908 16 1 Furniture, fittings, &c— £ s. d. Motor-registration fees paid in advance .. .. 66,249 0 0 .. 66,249 0 0 Expenditure to 31/3/31 .. .. 1,003 7 11 Writings-ofi in Suspense .. .. ■. 347 8 11 211 5 11 558 14 10 Less depreciation to 31/3/31 .. .. 311 13 3 Reserve for redemption of securities .. .. 150,738 14 4 .. 150,738 14 4 69114 8 .. 691 14 8 Plant and equipment — For Main Highways Board — Expenditure to 31/3/31 .. .. 89,728 3 11 Less depreciation charged to works .. 30,889 10 1 ■— 58,838 13 10 .. 58,838 13 10 Purchased for local authorities — Expenditure to 31/3/31 .. .. 155,694 8 9 Less repayments of principal .. 99,817 16 9 55,876 12 0 .. 55,876 12 0 Amount in Loans Redemption Account .. .. .. 150,738 14 4 .. 150,738 14 4 Advances to local authorities (Main Highways Amendment Act, 1926, section 2) .. .. .. 50,164 9 2 .. 50,164 9 2 693,084 18 1 156,723 3 5 849,808 1 6 693,084 18 1 156,723 3 5 849,808 1 6