E.—l [FT. IV], Sup. TO 1938.

WESTPORT HARBOUR ACCOUNT. Income and Expenditure Account fob the Year ended 31st March, 1938. Expenditure. £ s. d. Income. £ s. ci. Dredging .. .. .. 12,897 8 8 Special coal rate .. .. .. .. 21,288 19 5 Harbour-maintenance .. .. .. 4,658 14 9 Endowment revenue .. .. .. .. 14,214 0 8 Breakwater protective works .. .. .. 379 17 4 Port dues .. .. .. .. .. 4,263 3 4 Cape Foulwind Railway : Maintenance .. .. 254 18 4 Sale of surplus stores .. .. .. .. 20 0 4 Working-expenses of tug and launch .. .. 366 19 0 Hire of plant .. .. .. .. 294 15 10 Office administration (local) .. .. ■. 1,084 6 1 Bent .. .. .. .. .. 82 4 0 Endowments: Administration expenses .. 418 18 3 Subsidy from Employment Promotion Fund .. 957 5 4 Audit fees .. .. .. • ■ • • 24 10 0 Supervision of explosives magazine .. .. 75 12 0 Telephone services .. .. • • • • 62 15 2 Miscellaneous .. .. .. .. 10 16 4 Jompensation for accidents .. .. .. 1,074 2 7 Balance carried down .. .. .. 586 5 6 travelling-expenses .. .. .. • • 24 14 5 Compassionate allowance .. . ■ • - 47 0 0 Head office administration .. .. • • 600 0 0 Depreciation— £ s. d. Buildings .. ■ • • • 138 11 5 Dredge wharf, &c. .. .. 136 18 5 Dredges, launches, &c. .. 2,263 2 4 2,538 12 2 Interest on loans .. ■■ 17,360 6 0 £41,793 2 9 £41,793 2 9 £ s. d. £ s. d. Balance brought down .. .. • • 586 5 6 Transfer from General Reserve.. .. .. 7,056 5 8 Transfer to sinking fund .. .. .. 6,470 0 2 £7,056 5 8 £7,056 5 8 Balance-sheet as at 31st March:, 1938. Liabilities. Assets. Loan capital £ s ' Endowment lands— £ s. d. £ s. d. New Zealand Loans Act, 1932— Leased .. .. .. 36,965 410 3-per-cent. stock .. •• 237,558 16 6 Unleased .. .. .. 22,778 14 4 4-per-cent. debentures .. .. •• 6,411 15 3 59,743 19 2 5-per-cent. debentures .. .. •• 117,352 18 10 Breakwaters .. .. .. .. 344,332 15 3 Westport Harbour Act, 1920: 5-per-cent. Training-walls .. .. .. .. 102,998 0 0 debentures .. •• ■■ 8,250 19 6 Protective works and relief channel .. .. 17,384 9 0 Limestone quarry .. .. . . .. 128 0 0 369,574 10 1 Gridiron .. .. .. -. .. 1,449 7 0 Finance Act, 1932, section 16 .. •• 92,421 14 3 Dredge wharf 1,209 0 0 Martin's Island .. .. .. .. 700 0 0 461,996 4 4 Harbour buildings .. .. .. .. 2,263 6 0 Endowment capital .. .. •- 59,743 19 2 Dredges, tug" Mana," plant, &c. .. .. 15,397 18 11 Sinking Fund Reserve .. •• .. 206,814 16 1 Cape Foulwind Railway .. .. .. 8,250 19 6 General Reserve .. •• 1,426 6 7 Office furniture and fittings .. .. .. 10 710 Writing-off Reserve Account .. .. 19 6 2 Stock and stores .. .. .. .. 6,058 14 8 Payments in advance .. •• 463 13 1 Breakwater Repairs Suspense Account .. 2,539 2 8 Creditors £ s - d - Debtors— £ s. d. Accrued interest .. .. 1,132 18 3 Accrued revenue .. .. 4,638 0 4 Departmental .. •• 247 15 1 Departmental .. .. 223 16 9 Sundrv •• •• 996 1 5 Sundry .. .. .. 2,060 18 10 2,376 14 9 6,922 15 11 Treasury Adjustment Account .. .. 43,381 18 0 Sinking-fund investments .. .. 206,814 16 1 Writing-off Suspense Account.. .. .. 19 6 2 £776,222 18 2 £776,222 18 2 L. B. Campbell, Secretary. William C. Smith, Accountant. 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].— Cyril G. Collins, Deputy Controller and Auditor-General.

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