POST AND TELEGRAPH DEPARTMENT— continued. Balance-sheet as at 31st March, 1931. Receipts and Expenditure on Capital Account.

General Balance-sheet. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry creditors— Capital Account balance .. .. .. .. .. .. •■ 1,617,061 19 10 Money-order payees for unpaid money-orders .. ~ 66,216 16 2 Stock at stores, District Telegraph Engineers' and workshops, and in transit .. 529,522 8 2 Other administrations, on money - order, postal, and cable Sundry debtors— £ s. d. accounts .. .. .. .. .. .. 123, 530 107 Other administrations on money-order account .. .. 29,960 5 4 Postal-note payees for unpaid postal notes .. .. .. 73,013 7 0 Government Departments .. .. .. .. 33,235 7 2 Sundry other creditors .. .. .. .. .. 313,287 19 1 Sundry other debtors .. .. .. .. .. 42,275 0 4 Other Government Departments .. .. .. .. 261,514 10 3 105,470 12 10 837,563 3 1 Post Office Investment Certificate Account—lnvestments held in Government loans 2,050,300 0 0 Assets written off Eeserve Accounts .. .. .. .. •■ 5,129 0 ,7 £ s. d. War Loan Certificate Account .. .. .. .. ■• •• 17,526 7 11 Postmasters' balances .. .. .. .. .. 1,398,125 3 7 Post Office Investment Certificate Account .. .. .. .. .. 2,102,491 16 8 Less Savings-bank funds held in balances .. .. .. 127,155 16 9 Money-order Settlement Account .. .. .. •• .. •• 3,118 9 7 - Imperial stamps and postal orders .. .. .. .. .. •• 437 3 6 1,270,969 6 10 Postmasters— For advance to Postmasters of stamps, postal notes, British postal Head Office Account, including cash in bank .. .. .. 649,524 12 7 orders, Post Office investment certificates, and other documents of value, 1,920,493 19 5 including stocks held in the General Post Office .. .. .. .. 1,556,352 18 6 Assets written off Suspense Account .. .. .. .. .. 5,129 0 7 Depreciation Reserve (including maintenance and renewals, equalization reserve, Post Office investments under section 100 of the Post and Telegraph Act, 1928 .. 1,665,410 0 0 telegraph, toll, and telephone systems) .. .. .. .. .. 3,452,172 13 11 Investment (Radio Broadcasting Co. of New Zealand, Ltd.) .. .. .. 15,000 0 0 Eire Insurance Reserve .. .. .. .. .. .. • ■ 25,000 0 0 Interest accrued on investments .. .. .. .. .. • • 22,939 5 6 Profit and Loss Appropriation Account .. .. .. .. •• 49,564 3 7 Loan-conversion Expenses Account . . .. .. ..: .. .. : 97,616 4 0 Earthquake Expenditure Suspense .. .. .. .. .. .. 20,412 7 0 £8,049,355 17 4 £8,049,355 17 4 Notes, —(a) Interest at £4 6s. per cent, on capital as at Ist April, 1930, and £2 3s. per cent, on accretions for the year. (6) Depreciation has been allowed for on balance of assets as at Ist April, 1930, the total charge being carried to Depreciation Reserve. (c) Maintenance equalized by transfer through Equalization Reserve. (d) Includes assets of an estimated total value of !not less than £175,000, which were destroyed in the Hawke's Bay earthquake. The loss when ascertained will be temporarily capitalized and written off over a period of years. A. Marshall, A.E.A.N.Z., Controller of Accounts. G. NcNamara, Secretary, General Post Office. I hereby certify that the 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, subject to the above departmental notes.— G. F. C. Campbell, Controller and Auditor- General.

F.—2.

4

As at 31st March, Amount debited As at 31st March, Cr Capital as at 1st Amount received Capital as at 31st Dr. 1930 . | during Year. 1931. 0r - April, 1930. Year 1930-31. March, 1931. To Expenditure— £ s. d. £ s. d. £ s. d. £ s, d. £ s. d. £ s. d Telegraph and toll systems, including 2,268,734 16 4 99,317 0 4 2,368,05116 8 By Receipts— Public Works Fund .. 11,621,61110 10 580,489 9 3 12,202,101 0 1 works in progress(d) Telephone-exchange systems., inelud- 7,898,096 11 1 413,869 0 4 8,311,965 11 5 ing works in progress(d) Wireless systems .. .. 61,593 7 5 3,035 5 1 64,628 12 6 Buildings and sites(d) .. .. 2,473,664 18 1 142,142 4 7 2,615,807 2 8 Plant and workshops(rf) .. .. 27,735 15 6 2,476 9 4 30,212 4 10 — — Motdr-garages, &o.(d) .. .. 239,727 4 5 9,583 12 1 249,310 16 6 11,621,61110 10 580,489 9 3 12,202,101 0 1 Furniture and flttings(<7) .. .. 179,970 4 8 Cr. 783 9 4 179,186 15 4 Balance carried to General Balance- .. .. 1,617,061 19 10 sheet 13,149,522 17 6 669,640 2 5 13,819,162 19 11 | 13,819,162 19 11