C—2a

Table Showing the Position of the State Coal-mines Account from Inception to the 31st March, 1948

50

Name of Works. Total Capital Expenditure. Total Amount of Depreciation written off. Assets as per Balancesheet, 31st March, 1948. Net Profits. Net Losses. Liabilities as per Balancesheet, 31st March, 1948. UNDERGROUND MINES Kamo Less sales, transfers, &c. .. £ 106,109 £ £ £ £ £ 106,109 1,098 105,011 8,785 Wilton Less sales, transfers, &c. .. 121,565 1,105 120,460 29,154 91,306 •• 34,358 McDonald Less sales, transfers, &c. .'. 93,595 1,281 92,314 56,372* 35,942 2,414 Mangapehi Less sales, transfers, &c. .. 215,829 6,669 209,160 34,746 174,414 3,286 Tatu .. .. ... Less sales, transfers, &c. .. 168,657 17,639 151,018 32,391 118,627 29,869 Stockton Less sales, transfers, &c. .. 245,343 9,457 235,886 27,003 208,883 1,232 •• Webb Less sales, transfers, &e. .. 20,490 2,152 18,338 3,425 14,913 5,015 Burke's Creek Less sales, transfers, &c. .. 69,315 13,491 55,824 6,420 49,404 •• 2,701 Garvey Creek Less sales, transfers, &c. .. 18,785 18,785 •• 18,785 •• Liverpool Less sales, transfers, &c. .. 444,839 28,594 416,245 315,079 101,166 •• 30,987 Strongman .. Less sales, transfers, &c. .. 321,149 42,899 278,250 65,028 213,222 •• 16,453 •• Blackball Less sales, transfers, &c. .. 75,013 9,232 65,781 17,937 47,844 62,945 * Includes interest (£30,286) capitalized from date of purchase to date lease was granted, now written oif.