B. —1 [PT. IV], SUP. TO 1938.

PUBLIC WORKS DEPARTMENT —continued. WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1938. Expenditure. £ s. d. Income. £ s. d. £ s. d. Interest for 1937-38 on loans .. .. .. 29,251 12 9 Contribution— Maintenance of works.. .. .. .. 4,294 511 Gold-mining companies .. 1,595 9 0 Gold duty .. .. .. 4,786 7 0 Consolidated Fund .. .. 1,595 9 0 7,977 5 0 Rents of cottages and royalty on sale of sand .. 425 5 11 Balance, being excess of expenditure over income 25,143 7 9 £33,545 18 8 £33,545 18 8 Balance-sheet as at 31st March, 1938. Liabilities. £ s. d. Assets. £ s. d. Liability to — Stop-banks, drainage, canals, &c. . . . . 730,990 7 0 Public Works Fund .. .. .. 731,999 17 5 Stores and tools on hand .. .. .. 775 5 3 Consolidated Fund .. .. .. 4,802 15 8 Buildings and accommodation .. .. 418 7 6 Treasury Adjustment Account .. .. 03,527 15 5 Plant .. .. .. .. .. 170 0 0 Sundry creditors .. .. .. .. 79 9 9 Pontoons .. .. .. .. .. 628 5 0 Maintenance during construction .. .. 3,820 8 4 736,802 13 1 Advance to Waihi Borough, Finance Act, 1923, section 10 .. .. .. .. 1,997 7 9 Debtors for contribution towards interest, sinking fund, and maintenance — £ s. d. Gold-mining companies .. 2,987 15 1 Gold duty.. .. .. 31,788 10 1 Consolidated Eund .. .. 1,595 9 0 36,371 14 2 Sundry debtors— Maintenance works .. 24 9 6 Rents, royalties, &c. .. 70 6 0 — 94 15 6 Income and Expenditure Account: Excess of expenditure over income, 1937-38 .. .. 25,143 7 9 £800,409 18 3 £800,409 18 3

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