Qv—2a»

NEW ZEALAND STATE COAL-MINES —continued. General Profit and Loss Account for the Year ended 31st March, 1932. Dr - To Special depreciation— £ s. d. Or. £ s. d. James Colliery .. .. .. .. 12,361 17 10 By Transfer from General Reserve Account .. 64,580 14 10 Liverpool Colliery .. .. .. 17,819 18 1 Mac Donald Colliery .. .. .. 34,398 18 11 64,580 14 10 64,580 14 10 Net loss, Wanganui Depot .. .. 200 2 4 Net profit—- £ s. d. Balance—Profit for year, carried down .. 16,032 0 5 James Colliery .. .. 2,027 410 Liverpool Colliery .. .. 1,789 8 1 Mac Donald Colliery .. 781 15 3 Wellington Depot .. .. 812 18 0 Christchurch Depot 1,153 10 1 —— 6,564 16 3 Net recoveries—• Seddonville Colliery .. 60 16 7 Royalties .. >. .. 5,007 16 7 Charming Creek area .. 63 2 1 5,131 15 3 Net revenue from hire of plant, buildings, &c... 5 15 2 Interest on investments .. . > .. 4,529 16 1 £80,812 17 7 ' £80,812 17 7 £ s. d. £ s. d. To Sinking Eund Account for redemption of loan By Balance —Profit for year 1931-32 .. .. 16,032 0 5 capital.. .. .. .. .. 7,885 15 7 Mines Department, proportion of administrative expenditure incurred in past years, but not refunded.. .. .. .. .. 5,000 0 0 12,885 15 7 Balance—Net profit for year .. .. 3,146 410 £16,032 0 5 £16,032 0 5

2—C. 2a.

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