B.—l [Pi. IV].

MARINE DEPARTMENT—continued. Aggregate Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Head Office .. .. 12,009 Head Office .. .. .. .. •• 8 Mercantile Marine .. .. • • •• 93,263 Mercantile Marine .. .. .. ..118,583 Harbours .. .. •• •• •• 4,454 Harbours .. .. .. •• .>,254 Inspection of Machinery .. .. .. •• 19,772 Inspection of Machinery .. .. .. 22,965 Fisheries .. ' .. ■ • .. .. 20,550 Fisheries .. .. . . .. • ■ 10,32.) Ross Dependency .. .. .. • • ■ • 1 Ross Dependency 150,049 157,133 Depreciation .. .. • • • ■ • ' 4,644 Proportion of administration charges transferred to Westport Harbour Account .. .. • • 600 Balance carried down .. .. .. . . 6,960 £164,693 £164,693 £ £ Balance brought down .. .. •• 6,960 Balance, being excess of expenditure over income after Interest on capital .. •• •• 13,963 charging depreciation and interest on capital .. 20,923 £20,923 £20,923

Balance-sheet as at 31st March, 1940. Liabilities. £ £ Assets. £ Capital Land •• " " •' " " 28,984 Public Works Fund 334,380 Buildings .. .. . . .. .. 4,441 fVmnnlidnted Fund .. . . • • 165,002 Lighthouses including land, towers, buildings, furniture, SZS Promotion Fund .. .. 138 apparatus, and equipment) 216,070 F J 499,520 Fog-signals .. .. .. .. .. 4,830 Creditors Radio direction-finding beacons .. .. .. 34,903 Departmental 1.306 Beacons, buoys, and moorings 4,420 SnirW .. 3,564 Government steamer Matai .. .. .. 45,045 bUy " '■ 4,870 Wharves 840 Rentals &e. paid in advance . . .. . • 24 Harbour equipment (including launches, flag-staffs, Reserve for bad debts •• 544 signalling apparatus, tools, &c.) 2,350 Deposit Accounts 2,335 Oyster-beds .. 124,474 Writing-off Reserve Account .. .. .. 598 Oyster ketch, launches, and boats .. .. .. 6,01.) Treasury Adjustment Account .. .. .. 28,654 Fish hatcheries and equipment .. .. .. 1,294 Fisheries oil-engines, and apparatus .. .. 452 Motor-vehicles .. .. . • • • • • 355 Automatic flashing lamps .. . . . . . . 5 Test pumps and pressure-gauges .. .. . . 492 Office furniture and fittings .. . . . . 1,460 Mechanical office appliances .. .. .. 276 Library .. . . .. ■ • • • • • 216 Stores, tools, cfee. .. .. .. ■■ 13,214 New Zealand Coastal Survey Suspense Account .. 9,385 Stationery .. .. . • • • • • 366 Charts, saleable books, and forms .. .. .. 1,941 Unemployment-insurance stamps .. .. .. 45 Office stamps .. .. .. •• 119 Debtors— £ Departmental .. .. .. • • 801 Sundry .. .. .. .. 9,094 9,895 Writings-off Suspense Account . . .. .. 598 Deposit Cash Account .. .. ■ ■ .. 2,335 Cash in Post Office .. . . .. .. 802 Income and Expenditure Account .. .. . . 20,923 £536,545 £536,545

L. B. Campbell, Secretary of Marine. William C. Smith, Accountant.

I hereby certify that the Incomc ancl Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and corrcctly 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, Controller and Auditor-General.

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