!>.- i [Ft. IV], Sup, to 1938.

POST AND TELEGRAPH DEPARTMENT— continued Balance-sheet as at 31st March, 1938. Receipts and Expenditure on Capital Account.

General Balance-sheet. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. dSuiidry creditors Capital Account balance .. .. .. . . .. 1,270,494 1/ 6 Money-order payees for unpaid money-orders .. .. 71,491 -4 7 Stock at Stores, Telegraph Engineers' and Workshops, and in Other administrations on money-order, postal, and cable transit .. .. .. .. . •• 498,988 accounts .. .. .. .. .. .. 106,281 2 3 Sundry debtors— Postal-note payees for unpaid postal notes .. .. 88,735 8 10 Other administrations on Money-order Account .. .. 2,170 13 9 Sundry other creditors .. .. .. .. 714,553 12 1 Government Departments .. .. .. .. 43,946 2 11 Other Government Departments .. .. .. 284,421 2 7 Sundry other debtors .. .. .. .. 357,957 Oil 1,265,482 10; 4 _ 404,073 17 7 Assets written off Reserve Account .. .. .. .. 2,290 4 9 Post Office Investment Certificate Account : Investment held War Loan Certificate Account. .. .. .. .. .. 5,361 1 11 in Government loans .. .. .. .. .. 592,650 0 0 Post Office Investment Certificate Account .. .. .. 618,840 9 9 Postmasters' balances .. .. .. .. .. 1,906,385 12 10 Money-order Settlement Account .. .. .. ■ .. 36,476 411 Less Savings-bank funds held in balances .. .. 509,409 10 9 Postmasters: For advance to Postmasters of stamps, postal ~ ~ 7 notes, British postal orders. Post Office Investment Certifi- 1,396,976 L 1 cates, and other documents of value, including stocks held Head Office Account, including cash in bank .. .. 2,213,146 6 11 in the General Post Office .. .. .. .. 3,327,316 7 8 Bulk stock of stamps held in Head Office .. .. 29,354,185 16 10 Stamps held in. Head Office and in transit .. .. 29,356,790 5 22 32,684,106 12 10 Assets written off Suspense Account .. .. .. .. 2,290 4 9 Depreciation Reserve. (including maintenance and renewals, Post Office investments under section 100 of the Post and Equalization Reserve, telegraph, toll, and telephone systems) .. 4,432,444 810 Telegraph Act, 1928 .. .. .. .. .. > Fire Insurance Reserve .. .. .. .. .. 125,000 0 0 Interest accrued on investments .. .. .. .. • 19,240 11 4 Profit and Loss Appropriation Account .. .. .. .. 34,389 11 7 Loan Conversion Expense Account .. .. .. .. 17,271 4 0 £39,204,391 4 11 £39,204,391 4 11 NOTES. (a) Interest on so much of capital as is equal in amount to Depreciation Reserve investments is at the average earning-rate on such investments; interest on balance of capital is at £4 ss. per cent. (b) Depreciation has been allowed for on balance of assets as at Ist April, 1937, the total charge being carried to Depreciation Reserve. P. Cutforth, A.R.A.N.Z., Director of Accounts. G. McNamara, Director-General, Post and Telegraph Department. I hereby certify that the Profit and Loss 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 departmental notes enfaced thereon.— J. H. Fowler, Controller and Auditor-General.

148

As at 31st March, I Amount debited As at 31st March, ! Cr Capital as at 1st Amount received Capital as at 31st Dr. 1937> | during Year. ; 1938. ' j „ April, 1937. during Year. | March, 1938. — - - — j - - Expenditure £ s. d. £ s. d. £ s. d. Receipts — £ s. d. £ s. d. £ s. d. Telegraph and toll systems, including Public Works Fund .. .. 13,775,866 13 10 534,684 14 8 14,310,551 8 works in progress .. .. 2,594,674 6 2 107,150 0 1 2,701,824 6 3 Telephone-exchange systems, including works in progress .. .. 8,739,186 3 3 229,676 8 3 8,968,862 11 6 Wireless systems .. .. .. 40,739 18 11 4,437 7 1 . 45,177 6 0 Buildings and sites .. .. 3,107,404 7 9 221,170 13 4 3,328,575 1 1 Plant and workshops .. .. 40,176 15 3 6,850 7 11 47,027 3 2 - — 7 , . 01A KC1 o a Motor-garages, &c. 275,307 4 4 21,765 13 9 297,072 18 1 13,775,866 13 10 o34,684 14 8 14,310,551 8 6 Eurniture and fittings .. .. 183,473 11 9 9,033 8 2 192,506 19 11 Balance carried to General Balance-sheet .. .. 1,270,494 1/ 14,980,962 7 5 600,083 18 7 15,581,046 6 0 • • .. 15,581,046 6 0