B.—l [PT. IV].

NEW ZEALAND STATE COAL-MlNES—continued. General Profit and Loss Account for the Year ended March 31st, 1938. Dr. Cr. Net loss — £ s. d. £ s. d. Net profit— £ s. d. £ s. d. James Colliery .. .. 1,119 17 10 Liverpool Colliery .. .. 213 13 5 Wanganui Depot .. .. 4 19 10 Mac Donald Colliery .. .. 1,640 12 3 1,124 17 8 Wellington Depot .. .. 293 10 9 Balance—Net profit for year carried down .. 13,168 1 3 Christchurch Depot .. .. 431 0 0 2,578 16 5 Net recoveries— Seddonville Colliery .. .. 78 6 4 Royalties .. .. .. 5,480 11 3 5,558 17 7 Net revenue from hire of plant, buildings, &c. .. 87 9 6 Interest on investments .. .. .. 6,067 15 5 £14,292 18 11 £14,292 18 11 £ s. d. £ s. d. Sinking Fund Account for redemption of loan Net profit for year .. .. .. .. 13,168 1 3 capital .. .. .. .. .. 9,523 17 11 Balance—Net surplus for year .. .. 3,644 3 4 £13,168 1 3 £13,168 1 3

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