B.—1 TPT. IVI.

LAND AND INCOME TAX DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1932. Expenditure. Income. £ s, d. £ s. d. £ s. d. By Land-tax Account .. .. .. 547,573 5 2 To Salaries .. .. .. 40,982 8 7 Income-tax Account .. .. .. 4,521,357 2 9 Advertising .. .. 618 13 9 Film-hire Tax Account .. .. .. 41,206 17 3 Gas and lighting .. .. 20 9 9 Dividends on shares .. .. .. 93 1 6 Law-costs .. .. 749 3 9 Mortgage interest .. .. .. 281 0 5 Office alterations .. .. 106 12 11 Office-cleaning .. .. 7 19 7 Overtime .. .. .. 765 0 9 Postage and telegrams .. 4,810 17 9 Printing and stationery .. 2,372 13 3 Rent .. .. .. 2,399 10 0 Repairs and renewals ..111191 Sundry expenses .... 3 1 2 Telephone services .... 161 4 3 Travelling allowances and expenses .. .. .. 1,061 3 3 Services rendered by other Departments — Customs Department : Collecting deposits .. 200 0 0 Post and Telegraph Department : Receiving payment of tax .. .. 2,410 11 0 Valuation Department: Contribution towards expenses 11,976 12 7 Interest on payments in advance under section 134, Land and Income Tax Act, 1923 .. .. 265 12 4 69,023 13 9 Depreciation on office furniture, fittings, mechanical appliances, and library .. 466 4 9 Balance carried down .. .. .. 5,041,021 8 7 £5,110,511' 7 1 £5,110,511 7 1 £ s. d. £ s. d. To Interest on capital .. .. .. 314 12 6 By Balance .V .. .. .. 5,041,021 8 7 Excess of revenue over expenditure .. 5,040,706 16 1 £5,041,021 8 7 . £5,041,021 8 7 Percentage cost of collection, 1-36. Note. —The above amounts include assessed rent (£2,338) and interest on capital for which parliamentary appropriation has not been obtained. Balance-sheet as at 31st March, 1932. Liabilities. Assets. £ s. d. £ s. d. £ S. d. £ s. d. Capital Fund .. .. .. .. 7,272 13 8 Office furniture and fittings .. 4,471 5 9 Creditors— Additions .. .. 395 15 8 Departmental .. .. 14,410 8 7 4,867 1 5 Sundry* .. .. 15,154 5 1 Office appliances .. .. 2,012 11 9 29,564 13. 8 Additions.. .. .. ' 109 18 0 Depreciation Reserve .. .. .. 5,143 16 8 2,122 9 9 Suspense Account for default assessments, &c. .. 150,000 0 0 Library .. .. .. 283 2 6 Excess of revenue over expenditure .. .. 5,040,706 16 1 Additions .. .. .. 7 5 3 290 7 9 Form and stationery .. .. .. 1,126 111 Official stamps .. . . .. 2 3 4 Debtors — Departmental .. .. 4 17 2 Sundry .. .. .. 656,256 18 2 , 656,261 15 4 Cash in hand, Post Office .. .. .. 19,963 i 8 Treasury Adjustment Account .. .. 4,548,054 9 9 £5,232,688 0 1 £5,232,688 0 1 * Includes amounts paid in advance and overpayments subject to adjustment. Contingent liabilities in respect of bills discounted by Bank of Now Zealand, £3,495. E. J. R. Gumming, F.1.A.N.Z., Commissioner of Taxes. I hereby certify that the Income and Expenditure Account 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 note. —J. H. Fowler, Deputy Controller and Auditor-General.

43