D.—l

MAIN HIGHWAYS ACCOUNT— continued General Balance-sheet as at 31st March, 1944

13

Total 1 ASSETS. TotaL LIABILITIES. ; iotal - I 1 ! — I £ | £ £ £ 159,395 Cash in Public Account— u lg6 faundry creditors AkeaJl " 3^435 Consolidated Fund—Interest due .. •• •• •• •• •• 381,262 Advai^es 6 to local authorities (Main Highways Amendment Act, 1926, 08 993 section 2) .. .. •• •• •• •• " " 9 876 Motor-registration fees in hands of Postal Department .. .. •• | > Interest due and accrued .. .. • • • • ■ • • ■ '" gg ( y> Buildings and land .. .. •• •• •• •• " 123 519 Stocks of materials, tools, &c. .. • • • • Furniture, fittings, &c. — q „„ Expenditure to 31/3/44 .. .. • • ■ • ■ • • ■ Less depreciation to 31/3/44 .. .. ■ • • • • • 2qo Plant and equipment — For Main Highways Board — „ Expenditure to 31/3/44 .. •• •• ■■ •• sri'tbr Less depreciation charged to works .. • • • • ■ • 00 ' 74 253 Purchased for local authorities — I Expenditure to 31/3/44 .. .. • • •• •• ' ' Less repayments of principal .. .. • • • • • • d ' j 6 147 Amount transferred to Loans Redemption Account .. .. •• 2,851,973 Less amoimt utilized for redemption of securities .. • • • • Excess of expenditure over income for 1943-44 .. • • • • 395, /40 Less balance at 31/3/44 .. .. •• •• •• j '' ; 164 955 £540,657 £540,657 _ - — Notes.-(«) No liability is included for interest on loans redeemed out of Public Debt Repayment Account. (6) The two funds, previously known as " Construction " and « Revenue," were amalgamated as from 1st April, 1936, and are now termed the " Main Highways Account," in accordance with section 3, Finance Act (No. 2), 1935 J. W. Scott, A.R.A.N.Z., Chief Accountant, Public Works Department. W. L. Newnham, Chairman, Main Highways Board. I hereby certify that the Income and Expenditure Account and Balance-sheet have been dully 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.— Cyril G. Collins, Controller and Auditor-Gener .