B.—l [PT. IV], SUP. to 1932,

STATE FOREST ACCOUNT—continued. Balance-sheet as at 31st March, 1932. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Capital Account .. .. .. .. 34,989,410 10 1 Land Account .. .. .. .. 640,156 12 3 Loans — Standing forests .. .. .. .. 34,028,189 15 2 Debentures and stock Forest improvements— £ s. d. issued— Demarcation .. .. 3,087 18 3 Hate of Amount of Roads and tracks . . 4,941 5 7 Interest. Loan. Protection improvements 320 6 6 Per Cent. £ S. a. „ 040 i q a 4 27,000 0 0 r, . . , . T 4i 19*1 000 O O Departmental property: In--5 255 386 13 5 digenous forestall 7sS'ooo o o Buildings .. .. 6,813 0 8 to. 010 o o Field equipment .. 2,082 1 0 * ftQo'nno no Office equipment .. 3,226 10 0 r 7 774 19 70 Motor-vehicles .. 1,809 2 0 ' i 7 _o 171 a q Telephone-lines .. 365 15 5 . , , ri 1 ■ ' ' ' Fire-fighting equipment 247 8 9 Advances from Consoli- Photographic equipment 115 12 11 dated Fund- Reference library and Finance Act, 1926 (sec- forest exhibits .. 1,255 18 7 ion ) Forest ecology, equipPer Cent. £ s. d. men t, &c. . . .. 214 310 ■n,. ® . + ',007/ Timber-testing equipment 793 5 11 Finance Act, 1927 (sec- Forest atlas . .. 2,085 6 4 tion o) Miscellaneous .. .. 17 3 0 Pe i, Cent - s " d " 19,025 8 5 4 1 104 250 0 0 Sundry debtors— ' 1 SK7 /101 a Q Departmental .. .. 144 8 2 „ , ~. b d Sundry .. .. 70,572 410 Sundry creditors- 70,716 13 0 * Nurseries and plantations(National Endowment Nurseries 65 076 7 2 Revenue) 7,839 17 11 * = ns ;; ] t Lands Department— A , . . , ' ' Hurakia Forest .. 5,822 0 0 Administration expenses n a + not yet allocated .. 10,675 19 0 Upen Accounts 2,722,645 13 6 Departmental .. 8,430 15 7 . , , , , ' ' Sundry .. .. 5,330 8 3 Experimental and research v 7 works Interest accrued on loans 12,724 0 3 „ , , , , n 40 14.7 9 n Sand-dune reclamation .. 21,041 1 9 t> ' Auckland Experimental General Reserve- , f at f '' V 3,880 16-2 Indigenous .. .. 382,169 16 11 Arboretum and sample Afforestation .. 265,146 9 2 P lots " " do/ u o nirj qiC p "I ZO,ZOO 18 4: T- u-r+ f i. 1,1 • i ■+ 'qoa on Seed in stock .. .. .. .. 4,104 12 9 Liability tor amounts held m deposit .. 920 9 7 T , , . t> u- t» d a -n a / o oa a o tit ... «-c? a no ok Investment m .Public Debt Kedemption Fund 4,330 4 8 Wntmgs-offm Suspense 4,118 8 5 Assets in Buspense .. ' .. 4418 8 5 Deposit Account— ■£ s. d. Receiver-General's .. 734 7 11 Other (Forest Clerks) .. 186 1 8 920 9 7 Cash in Public Account .. .. .. 11,487 16 0 £37,539,334 2 5 £37,539,334 2 5 A. D. McGavock, Director of Forestry. W. Riach, A.R.A.N.Z., Accountant. Notes. —(1) Lands and standing forests other than areas purchased have been valued as follows: Prairie value, ss. per acre; protection, £1 per acre; merchantable forest, £10 per acre; accretions during the year have been brought into the accounts at the prairie value of ss. per acre. (2) Plantations have been valued at cost plus compound interest, less returns compounded. (3) Decrease in land values compared with figure in Balance - sheet as at 31st March, 1931, occasioned through transfer to Lands Department of value of provisional State forests 5,639,125 acres. (4) Sand-dune reclamation has been transferred to Lands and Survey Department as from Ist April, 1931. 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, subject to the above departmental notes. —J. H. Fowler, Deputy Controller and Auditor-General.

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