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B.—l [PT. IV]

1940. NEW ZEALAND.

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1939-40. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.)

I—B. 1 [PT. IV], 1940.

B.—l [Pt. IV].

C()NTE N T S .

Agriculture— page Nauru and Ocean Islands Account .. .. 5 Orchard Tax Act, 1927, Deposit Account .. 60 Arawa District Trust Board .. .. 69 Audit Department .. .. .. .. 6 Bank of New Zealand Shares Account .. .. 55 British Phosphate Commissioners .. .. 5 Census and Statistics Department .. .. 7 Crown Law Office .. .. .. 26 Customs Department .. .. .. 8 Dairy Industry Loans .. .. .. 47 Electoral .. .. .. .. 58 Electric Supply Account .. .. .. 9 Explanatory Memorandum .. .. .. 3 External Affairs Department .. .. 59 General Purposes Relief Account .. .. 52 Government Fire Insurance Fund .. .. 53 Government Life Insurance Department .. .. 15 Government Stores Marine Insurance Fund .. 57 Hauraki Plains Settlement Scheme .. .. 23 Housing Account .. .. .. 16 Labour Department— Employment Division .. .. 64 Immigration .. .. .. .62 Industrial Division .. .. .. 63 Land and Deeds Department . . .. 27 Lands and Survey Department— Gore High School Endowment Account 24 North Island Experimental Dairy School Account 24 Taranaki Scholarship Endowment Account .. 25 Legislative .. .. . .. .. 54 Main Highways Account .. .. .. 28 Marine Department .. .. 65 Mental Hospitals Department .. .. .. 30 Mining Advances Account .. .. 76

PAGE National Broadcasting Service .. .. 33 National Commercial Broadcasting Service .. 32( National Provident Fund .. .. 34 National Provident and Friendly Societies Department .. .. .. .. 40 Native Department— Departmental .. .. .. .. 72 Maori Purposes Fund .. .. 73 Police Department .. .. . . .. 19 Printing and Stationery Department .. .. 37 Public Debt Redemption Fund .. .. 55 Public Service Commissioner's Office .. .. 6 Public Service Superannuation Fund .. .. 41 Public Trust Office .. .. .. 48 Railways .. .. .. .. 43 Railways Superannuation Fund .. .. 50 Rangitaiki Land Drainage Scheme .. .. 20 Repatriation .. .. .. 48 Reserve Bank of New Zealand (see parliamentary paper 8.-16, page 7). Reserve Fund Account .. .. 27 Samoan Loans Suspense and Sinking Fund Accounts 58 Scientific and Industrial Research Department .. 61 Stamp Duties Department .. .. 47 State Advances Corporation of New Zealand (see parliamentary paper 8.-13, page 11). State Coal-mines Account . . .. 45 State Fire Insurance Office .. .. 36 State Fire Insurance Office —Accident Branch .. 35 Swamp Land Drainage Schemes.. .. .. 21 Teachers' Superannuation Fund.. .. .. 52 Transport Department .. .. .. 75 Treasury Department .. .. .. 56 Valuation Department .. .. 39 Westport Harbour Account .. .. .. 4

THE FOLLOWING ACCOUNTS WERE NOT AVAILABLE FOR PRINTING IN THIS PUBLICATION AND WILL BE INCLUDED IN A SUPPLEMENT.

Administration of Western Samoa. Agriculture—Departmental. Crown Lands Account. Education Department. Ellesmere and Forsyth and Akaroa Railway Trust Account. Employment Promotion Fund. Health Department. Howard Estata Account. Industries and Commerce, Tourist and Publicity Department. Internal Affairs Department. Internal Marketing Division. Iron and Steel Department Justice and Prisons Department. Land and Income Tax Department. Land for Settlements Account. Lands and Survey Department— Auckland Museum Endowment Account. Bluff Harbour Endowment Account. Clutha River Trust Account. Departmental. Geraldine County River Board Endowment Account. Greymouth Technical and Hokitika High Schools Account. Hunter Soldiers' Assistance Trust Deposit Account. New Zealand University Endowment (Westland) Account. Otago Boys' and Girls' Higli Schools Endowment Account. Otago University Endowment Account. Primary Education Endowment Deposit Account.

Lands and Survey Department—continued. Secondary Education Endowment Deposit Account. Victoria College Endowment Account. Waipiata-Hamilton Library Endowment Account. Wairoa Harbour Endowment Account. Wanganui Harbour Endowment Account. Wanganui River Trust Account. Marketing Department—Export Division. Mines Department. Miscellaneous Advances from Consolidated Fund. Native Department— District Maori Land Boards. Native Housing. Native Land Development Schemes. Special Housing Fund. Native Trustee. New Zealand Reparation Estates. Post and Telegraph Department. Prime Minister's Department. Public Works Department. Scenic Reserves Account. Small Farms Scheme. Social Security Department. State Forest Service. Surveys of Native Land. Taranaki Maori Trust Board. Treasury—lnvestment in State Advances Corporation Account. Tuwharetoa Trust Board. Waihou and Ohinemuri Rivers Improvement Account. War Expenses Account.

B.—l [Ft. IV].

EXPLANATORY MEMORANDUM. The following notes are explanatory of the more important matters relating to the preparation of the balance-sheets and revenue accounts included in 8.-l [Pt. IV], 1940, which are prepared on an income and expenditure basis and present a more comprehensive statement of the financial operations of Departments and services than is possible in the cash statements included in papers 8.-l [Pts. I and ll]. (i) Authority.—Section 57 of the Finance Act, 1932, requires the preparation of these accounts and their presentation to Parliament. (ii) Capital— (a) General: The amounts under this heading in the accounts usually represent the value of fixed assets at the conclusion of the financial year, and the amounts are divided to show loan capital separate from that provided from revenue or other source. (b) Public Works Loans: Loans for the Public Works Fund (General Purposes Account) are shown as Public Works Fund Capital in the appropriate accounts recording the expenditure. Redemptions of those loans are allocated by the Treasury to the accounts whose expenditure is represented by the least productive assets. (iii) Depreciation.—Treasury Instruction No. 79 specifies various rates of depreciation based on an estimated average life for different classes of assets. The rates are computed usually on the original capital cost. If the nature of a Department's depreciating assets calls for special rates, these are approved as required. (iv) Exchange.—Exchange on all remittances abroad is charged to the Consolidated Fund; it is not recouped from the various departmental votes in the Consolidated Fund nor from votes in the General Purposes Account of the Public Works Fund with the exception of two —Telegraph Extension in respect of purchases made on account of the Post Office, and Railways Improvements and Additions to Open Lines in respect of purchases made on account of the Railways. Exchange on remittances abroad for purchases of materials and miscellaneous services is, however, recouped from all the separate accounts, both within and outside the Public * Account. No recoupment is made from separate or special accounts (either within or outside the Public Account) for exchange on remittances of interest. (v) Charges not subject to specific Appropriation.—ln pursuance of the general authority quoted in (i) above, certain charges such as administration, exchange of properties, assessed rental values, interest on capital and depreciation allowances, &c., are made between Government accounts through the Treasury Adjustment Account without cash payments or specific appropriation by Parliament. (vi) Interest.-—ln the case of separate accounts such as Main Highways Account or State Coal-mines Account, the interest charge shown represents actual interest payable on the loans raised for those specific purposes. In the accounts of other Departments, an average rate, at present 4 per centum per annum, is charged. (vii) Rentals. —Some Departments occupying private premises actually pay rentals. Others occupying Government buildings are assessed annually with rental based on the average rate of interest, the cost or valuation of the property, and the class of building. (viii) State Balance-sheet. —The State Balance-sheet and Income and Expenditure Account which has been prepared in previous years has now been deleted. (ix) Treasury Adjustment Account. —This is the equivalent of a " Head Office Account " in branch accounting, and through it are passed inter-departmental transfers and the total of cash transactions for the year. Separate accounts (see vi) having their own cash balances do not utilize a Treasury Adjustment Account. (x) Values. —When the provision of accounts and balance-sheets on a commercial basis by all Departments was first instituted about 1922, it was necessary to bring numerous properties and assets into account by means of a fair valuation. New assets since then, or additions, are usually recorded at actual cost with any depreciation provision shown either as a deduction or separately. (xi) Deletions.—Certain balance-sheets and accounts which do not relate to the activities of Government Departments have now been deleted from this publication, and in other cases non-essential subsidiary accounts have also been omitted. Such accounts are available in other parliamentary papers.

B—l [Pt. IV].

WESTPORT HARBOUR ACCOUNT. & Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Dredging .. .. .. •• •• 20,147 Special coal rate .. .. .. .. .. 20,419 Harbour maintenance .. .. .. •• 4,199 Endowment revenue .. .. .. .. 12,618 Breakwater protective works .. .. .. 1,888 Port dues .. .. .. .. .. .. 4,158 Payment to Public Works Department: Westport Sale of stores, &c. .. .. .. .. .. 161 Harbour improvements .. . • •. • • 4 Hire of plant .. .. .. .. .. 412 Working-expenses of tug and launch .. .. .. 204 Rent .. .. .. .. .. .. 60 Office administration (local) . . .. .. .. 1,193 Use of transmission-line .. .. .. .. 35 Endowments : Administration expenses .. .. 441 Subsidy in respect of employment promotion .. .. 34 Audit fees .. .... .. .. 40 Supervision of explosives magazine .. .. .. 75 Telephone services .. .. . • . ■ • • 75 Miscellaneous .. .. .. .. .. 8 Compensation for accidents .. .. .. .. 72 Balance carried down .. .. .. ..10,849 Travelling-expenses .. .. .. • • 55 Head Office administration .. .. .. .. 600 Depreciation — £ Buildings .. .. • • • • 138 Dredge wharf, &c. .. .. .. 137 Dredges, launches, &c. .. .. .. 2,276 2,551 Interest on loans .. .. . • .. •• 17,360 £48,829 £48,829 £ £ Balance brought down .. .. .. 10,849 Excess expenditure over income carried down .. .. 17,319 Transfer to Sinking Fund .. .. .. •• 6,470 £17,319 £17,319 £ £ Excess expenditure over income, 31st March, 1940, Balance carried down .. .. .. ..38,291 brought down .. .. .. .. •• 17,319 Balance, 31st March, 1939 .. .. .. •• 20,972 v £38,291 £38,291 £ Balance .. .. .. .. •• £38,291 Ivote. —No charge for the cost of exchange on payments made in London is included in the account.

Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. Loan capital— Endowment lands — £ £ New Zealand Loans Act, 1932 — Leased .. .. .. .. 36,614 3 per cent, stock .. .. .. .. 237,559 Unleased .. .. .. 22,987 4 per cent, debentures .. .. .. .. 6,412 59,601 5 per cent, debentures .. .. .. .. 117,353 Breakwaters .. .. .. .. .. 344,333 Westport Harbour Act, 1920 — Training-walls .. .. .. .. .. 102,998 5 per cent, debentures .. .. .. 8,251 Protective works and relief channel .. .. .. 17,384 Limestone-quarry .. .. .. .. 128 369,575 Gridiron.. .. .. .. .. .. 1,361 Finance Act, 1932, section 16 .. ... .. 92,421 Dredge wharf .. .. .. .. .. 1,023 Martin's Island .. .. .. .. .. 700 461,996 Harbour buildings .. .. .. .. 1,986 Endowment capital .. .. .. .. 59,744 Dredges, tug" Mana," plant, &e. .. .. .. 11,450 Sinking Fund reserve .. .. .. .. 235,560 Cape Foulwind Railway .. .. .. .. 8,251 Writing-off Reserve Account .. .. .. 40 Office furniture and fittings .. .. .. 19 Payments in advance .. .. • •• 453 Stock and stores .. .. .. .. .. 5,150 Creditors — £ Breakwater Repairs Suspense Account .. .. 5,910 Accrued interest .. .. .. 1,133 Debtors— £ Departmental .. .. .. .. 321 Accrued revenue .. .. .. 1,805 Sundry .. .. .. •. 922 Departmental .. .. .. .. U6 2,376 Sundry .. .. .. .. 2,160 Treasury Adjustment Account .. . . .. 78,097 4,081 Sinking Fund investments .. .. .. 235,560 Writing-off Suspense Account .. .. .. 40 Excess expenditure over income .. .. .. 38,291 £838,266 £838,266

L. B. Campbell, Secretary of Marine. 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, Controller and Auditor-General.

B.—l [Ft. IV

DEPARTMENT OF AGRICULTURE. NAURU AND OCEAN ISLANDS ACCOUNT. Revenue Account for the Year ended 31st March, 1940. Dr. £ Cr. £ Interest on debentures .. .. .. .. 10,382 Annual payment from British Phosphate Commission Administration and management charges .. 532 (in sterling) .. .. ~ .. .. 35 848 Audit fee .. .. .. .. .. 5 Exchange on annual payment .. .. .. 8,738 Balance to Appropriation Account .. .. .. 33,667 £44,586 £44,586 Appropriation Account eor the Year ended 31st March, 1940. £ £ Redemption of debentures .. .. .. .. 33,445 Balance, Ist April, 1939 .. .. .. .. 24,616 Balance .. .. .. .. .. 24,838 Revenue Account: Balance transferred .. .. 33,667 £58,283 £58,283 £ Balance, 31st March, 1940 .. ' .. .. .. 24,838 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Debentures at 3J per cent. .. .. .. .. 284,405 Share (16 per cent.), Nauru and Ocean Islands phosphate £ rights (at cost) .. .. .. .. .. 565,040 Interest accrued but not due .. .. 2,045 Proportion of annual payment from British Phosphate Administration and management charges accrued 4 Commission accrued but not due .. .. .. 26,886 2,049 Cash : Loans Redemption Account .. .. .. 1 Reserve Account .. .. .. .. .. 280,635 Appropriation Account .. .. .. .. 24,838 £591,927 £591,927 Note.—(l) New Zealand's share of the profits earned by the Commission has been used for capital developments, but is not included in these accounts ; (2) the accounts of the British Phosphate Commission for the year ended 30th June, 1939, are published herewith. L. C. Scott, Accountant. I hereby certify that the Revenue 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 departmental notes enfacod thereon. —Cyril 6. Collins, Controller and Auditor-General.

THE BRITISH PHOSPHATE COMMISSIONERS. Trading Account eor the Year ended 30tii June, 1939. Dr. £ Cr. £ F.o.b. cost of phosphate, including interest on capital, Phosphate sales and sundry credits, less freight and contribution to a sinking fund for the redemption of insurance, &c. .. .. .. .. .. 909,027 capital, and other charges in accordance with Article 11 of the agreement of the 2nd July, 1919 .. .. 906,133 Balance .. .. .. .. .. .. 2,894 £909,027 £909,027 £ £ Balance carried forward .. .. .. .. 17,918 Balance brought forward at Ist July, 1938 .. .. 15,024 Balance for the year ended 30th June, 1939 .. .. 2,'894 £17,918 Balance-sheet, 30th June, 1939. Liabilities. £ Assets. £ United Kingdom Government .. .. .. 1,310,761 Nauru and Ocean Island phospfiate rights, buildings Commonwealth Government .. .. .. 1,310,761 and plant, ships, investments and deposits, less New Zealand Government .. . . .. 499,338 reserves for depreciation and other charges in accordance with Article 11 of the agreement of the 2nd July, 3,120,860 1919 .. .. .. .. .. 3,119,403 Sinking fund for redemption of capital .. .. 410,640 Sundry debtors and phosphate on consignment .. 445,883 Sundry creditors and outstandings .. .. 587,848 Voyages in progress .. .. .. .. 4 100 Trading Account balance .. .. .. 17,918 Phosphate and goods in transit .. .. .. 153,776 Stocks at Nauru, Ocean Island, and elsewhere .. 366,502 Cash at banks and in hand .. .. .. 47,602 £4,137,266 £4,137,266 We have examined the foregoing Balance-sheet with the books and vouchers of the British Phosphate Commissioners and the audited accounts from London. We have accepted the certificates of officers of the Commissioners for the valuation of the stocks. We have obtained all the information and explanations wo have required. In our opinion the Balance-sheet is properly drawn up so as to exhibit a true and correct view of the state of the Commissioners' affairs according to the best of our information and the explanations given to us and as shown by the books of the Commissioners.

Kent, Brierley, and. Fisher, Chartered Accountants (Aust.), Auditors.

Melbourne, Isth November, 1939. 2—B. 1 [PT. IV.]

B.— 1 [PT. IV.

AUDIT DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income £ salaries and allowances .. .. ~ .. 66,388 Fees due .. .. .. t ..40 156 Advertising, books, &c. .. .. .. ~ 154 Balance carried down .. .. .. 37 795 Law-costs .. .. .. .. ~ 6 Office fittings and requisites .. .. .. .. 68 Postages and telephone services .. .. .. 586 Ren t •• •• .. .. " 1,563 Temporary assistance . . .. .. .. 911 Travelling, transfer, and removal expenses.. .. 7,347 Printing and stationery .. .. .. .. 376 Overtime and meal allowances .. .. .. 225 Depreciation— £ Mechanical appliances .. .. 48 Furniture and fittings .. .. .. 103 Books .. .. .. .. 66 217 Grant to officer in lieu of leave on retirement .. .. 108 Assets provisionally written off .. .. .. 2 £77,951 £77,951 £ r Balance brought down .. .. .. .. 37,795 Excess of expenditure over income .. .. .. 37,858 Interest on capital .. .. .. .. .. 63 £37,858 £37,858 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital .. .. .. .. 1,489 Furniture and fittings .. .. 598 Treasury Adjustment Account .. .. ..38,008 Mechanical appliances " 288 Creditors— £ Books .... " 60S Departmental .. .. .. ..1,276 Stationery .. " 144 Sundry .. .. .. .. .. 452 Stamps .. . . .. .. .. " 80 1,728 Debtors: Sundry .. .. .. ..1 654 i Writing off in Suspense .. .. .. .. 2 Assets in Suspense .. .. .. .. ~ '2 Excess of expenditure over income .. .. .. 37,858 £41,227 £41,227 J. P. Rutherford, A.R.A.N.Z., Deputy Controller and Auditor-General. I hereby certify that the Incomc 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 B. 1 [Pt. IV].— Cyril G. Collins, Controller and Auditor-General.

PUBLIC SERVICE COMMISSIONER'S OFFICE. Income and Expenditure Account for the Year ended 31st March, 1940. . Expenditure. £ Income. £ Salaries .. .. .. .. 12,051 Examination fees .. .. .. .. ~ 688 Office fittings and requisites, &e. .. .. .. 57 Balance carried down .. .. .. 14 868 Printing and stationery .. ~ .. .. 364 Postage and telegrams .. .. .. .. 290 Rent, cleaning, light, fuel, &c. .. .. .. 926 Telephones .. .. .. .. ~ 197 Travelling-expenses.. .. .. .. .. 936 Appeal Board .. .. .. .. .. 171 Overtime and meal allowances .. .. .. 138 Compensation and legal expenses .. .. .. 359 Depreciation .. .. .. .. .. 66 £15 > 556 £15,556 £ £ Balance brought down .. .. .. .. 14,868 Recoveries on account of expenditure of previous years .. 2 Interest on capital .. .. .. .. .. 28 Excess of expenditure over income .. .. .. 14,894 £14,896 £14,896

B.—l [Pt. IVj.

PUBLIC SERVICE COMMISSIONER'S OFFICE -continued. Balance-sheet as at 31st March, 1940. Liabilities. £ A . Tre P isur A Ad oUnt t 7 A V 734 Office furniture .. . ' * Sundry creators--— n n •• 14,929 Stationery on hand.. .. !! " ;; ™ Departmental .... 4 s , ta £P s 4 Others .. .. •' 11 Sundry debtors- £ Departmental .. .. .. 50 — 104 Others .. .. .. , < Jj — 59 Excess of expenditure over income .. .. .. 14 894 —— G. T. Bolt, Secretary, Public Service Commissioner. 1 hereby certify that the Income and Expenditure Account and Balance-shcet have been dulv examined and tEeby 6 '^ÜbjectU bject to%he expkiat rv and t do , CU^ ents .^ b . mitted for and correctly state the position as disclosed

CENSUS AND STATISTICS DEPARTMENT. Income and Expenditure Account for tiie Year ended 31st March, 1940. Expenditure. £ r + Salaries .. .. .. „ ~Q T , , . Income. £ Freight, cartage, &c. .. 23 ' ees f ° r performed i, 591 Fuel, light, and office cleaning .. " " 2 37 ? ns 448 Maintenance of mechanical appliances 293 amed down 33,769 Postage and telegrams .. .. j j^q Printing and stationery .. .. ~ j '224 Bent of offices .. .. .. ' [ " 1223 Preparation of statistical publications.. .. .. 4'874 Collection of statistics .. .. ' 2 '139 Telephone services .. .. .. ~ ' gg Travelling-expenses.. .. .. ; Miscellaneous expenses .. .. on Census, 1936 .. .. ~ " " Depreciation .. .. ~ _ _ '' jgg Furniture, &c., written off .. .. . '' 2 ™ £»£» Merest on°c^tal°^ n !! !! .*; " 33 ''gg Exce ss of expenditure over income 33 £ 858 | £3^ Balance-sheet as at 31st March, 1940. Liabilities. £ . Capital Account .. .. 9 7 ™ Assets. £ Creditors— 2,180 .. 645 Sundry.. .. t't° hanlcal appliances 484 Departmental .. I.' " 3 «? 51 Treasury Adjustment Account .. .. 33;560 gg Excess of expenditure over income .. ~ .. 33 858

J. W. Butcher, Government Statistician.

—3^,-3 «•

B.—l [PT. IV].

CUSTOMS DEPARTMENT. Revenue Account for the Year ended 31st March, 1940. Dr. Cr. £ Administrative charges— £ Customs and excise duties .. .. .. 9,928,117 Salaries .. .. .. .. 105,397 Beer duty .. .. .. .. .. 1,393,199 Pay of non-permanents .. .. 13,109 Brewery supervision fees .. .. .. IJSO Allowances, overtime and rewards .. 8,784 Customs fines .. .. .. .. .. 2,834 Expenses of official representative, Customs agents'license fees .. .. .. 395 London . . .. .. .. 589 Distillation Act fees .. .. .. .. 68 Expenses of official representative, New Gold export duty (12s. 6d. per ounce) .. .. 116,794 York .. .. .. .. 2,009 Hop-beer license fees .. .. .. .. 72 Postages and telegrams .. .. 3,348 Profit on realization of assets .. .. .. 13 Printing and stationery .. .. 3,282 Sale of seizures .. .. .. .. 26 Services rendered by Post and Telegraph Sales tax .. .. .. .. .. 3,502,602 Department .. .. .. 975 Sales tax license fees .. .. .. . . 598 Transfer and removal expenses .. 2,084 Territorial revenue .. .. .. .. ..1 Travelling allowances and expenses .. 731 Tobacco Act license fees .. .. .. 544 Rent .. .. .. .. 6,302 Warehouse license fees .. .. .. .. 11,710 Maintenance and repairs .. .. 260 Miscellaneous expenses .. .. 5,289 152,159 Grants to Cook and Niue Islands .. .. 3,854 Depreciation .. .. .. .. .. 1,621 Writing olf reserve .. .. .. .. 1 Balance carried down .. .. .. .. 14,800,488 £14,958,123 £14,958,123 £ £ Interest on capital .. .. .. .. 817 Balance brought down .. .. .. .. 14,800,488 Excess of revenue over expenditure .. .. 14,799,671 £14,800,488 £14,800,488 »*<* Note.—Percentage cost of collection, including depreciation and interest on capital, 1-021 = £1 os. sd.

Balance-sheet as at 31st March, 1940. Liabilities. Assets. £ Capital— £ £ Land.. .. .. .. .. .. 8,202 Public Works Fund Capital Account .. 10,700 Buildings .. .. .. .. .. 6 594 Consolidated Fund Capital Account .. 9,721 Bicycles .. .. .. .. .. '13 20,421 Furniture and fittings .. .. .. .. 4,302 Writing off reserve .. .. .. .. 6 Mechanical office appliances .. .. .. 1,310 Creditors — Saleable books .. .. .. .. '70 Departmental .. .. .. 16,529 Stamps, postage .. .. .. 208 Sundry .. .. .. .. 1,687 Stocks— £ 18,216 Stationery .. .. .. .. 689 Fees paid in advance .. .. .. .. 9,976 Uniform trimmings .. .. .. 47 Amounts held on deposit— Testing and gauging instruments .. 614 Customs duties .. .. .. 169,183 Testing-glasses .. .. .. 24 Immigration Restriction Acts .. 4,160 Sealing-pliers and crown locks .. 32 Export Control Boards .. .. 3,951 1 40g 177,294 DebtorsExcess of revenue over expenditure .. .. 14,799,671 Departmental .. .. .. 39,333 Sundry .. .. .. .. 12,360 51,693 Deposit Accounts— Receiver-General .. .. .. 145,380 Collector of Customs .. .. 23,803 Immigration Restriction Acts .. 4,160 Honey Export Control Act, 1924 .. 32 Meat Export Control Act, 1921-22 .. 8 Wool Industry Promotion Act, 1936 .. 3,877 Hides Emergency Regulations 1940 .. 34 177,294 Assets in Suspenso .. .. .. .. 6 Treasury Adjustment Account .. .. .. 14,774,486 £15,025,584 £15,025,584

E. D. Good, Comptroller of Customs.

I hereby certify that the Revenue 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 6. Collins, Controller and Auditor-General.

B. 1 [Px. IV]

ELECTRIC SUPPLY ACCOUNT. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1940.

Gross Revenue Account. To Generating-expenses (hydro-electric) £ s. d. £ s. d. By Sales of electrical energy — £ s. d. £ s. d. £ s. d. Arapunr .. .. .. .. .. .. 31,372 4 7 Bulk for resale .. .. .. .. 1,264,605 13 2 Horahora .. .. .. .. .. .. 6,412 12 4 Other than for resale — Mangahao 12,339 16 6 Traction 5,108 15 0 ual •• •• •• •• •• 11,599 2 6 Industrial .. .. .. 43,919 7 2 „ j. „ 61,723 15 11 Retail .. .. .. .. 3,015 9 1 Ueneratrng-expenses (fuel) — j 52 043 11 3 •• , 307 1 6 ' 1,316,649 4 5 Waihi Grand Junction . . .. .. .. .. Rents Huntly .. .. .. .. .. .. 35 10 9 Land and buildings .. .. .. ] .. 10,378 4 3 t, , . , „ 342 12 3 Lines and plant .. .. .. j .. 571 0 4 -Purchase of power m bulk .. .. .. .. .. 103,638 13 3 10,949 4 7 Standby charges .. .. .. .. .. .. 65,304 8 9 Miscellaneous revenue .. .. .. .. .. 900 13 5 231,009 10 2 Transmission and communication system : Patrol and main- .. 31,775 14 3 tenance Substations: Operation and maintenance .. .. .. 34,422 10 0 Distribution: Maintenance .. .. .. .. .. 2,048 16 4 System operation, testing, &c. .. .. .. .. .. 13,827 6 2 Management and general expenses .. .. .. .. 54, 930 17 3 Balance, to Net Revenue and Appropriation Account .. 960 484 8 3 £1,328,499 2 5 £1,328,499 2 5 — ' Net Revenue and Appropriation Account. . - _ £ s. d. £ s. d. £ s d To Interest (gross) for year ended 31st March, 1940 .. .. 364,664 5 7 ! By Balance from Gross Revenue Account .. .. 960 484 8 3 Less interest capitalized .. .. .. .. 19,456 19 3 345,207 6 4 j Depreciation on completed works .. .. .. .. 15,476 15 10 Sinking Fund .. .. .. .. .. .. .. 3 4 Reserve Fund .. .. .. .. .. .. 181,248 2 9 j ' £960,484 8 3 j; £960,484 8 3

B.—l [Pt. IV]

ELECTRIC SUPPLY ACCOUNT— continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued.

Depreciation Reserve Account. £ s. d. £ s. d. To Replacements, Renewals, &c. .. .. .. .. .. 19,051 6 10 By Balance from previous year's statement .. .. .. .. 1,042,932 14 2 Balance .. .. .. .. .. •• •• 1,081,075 9 4 Interest at 4 per cent, per annum .. .. .. .. .. 41,717 6 2 Amount set aside as per Net Revenue and Appropriation Account ... 15,476 15 10 £1,100,126 16 2 £1,100,126 16 2 Sinking Fund Account. £ s. d. £ s. d. To Balance .. .. .. .. .. .. •• •• 1,159,820 3 11 By Balance at close of previous year .. .. .. 741,037 17 0 Interest .. .. .. .. .. .. .. .. 230 3 7 Amount set aside as per Net Revenue and Appropriation Account .. 418,552 3 4 £1,159,820 3 11 £1,159,820 3 11 Reserve Fund Account. £ s. d. £ s. d. To Balance .. .. .. .. •• •• •• 181,248 2 9 By Amount set aside as per Net Revenue and Appropriation Account .. : 181,248 2 9 £181,248 2 9 £181,248 2 9

B.—l [PT. IV]

ELECTRIC SUPPLY ACCOUNT— continued. SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1940.

Gross Revenue Account. To Generating-expenses (hydro-electric) — £ s. d. £ s. d. By Sales of electrical energy — £ s. d. £ s. d. £ s. d. Lake Coleridge .. .. .. .. .. 1 12,668 3 5 Bulk for resale .. .. .. .. 402,773 19 9 Lake Waitaki .. .. .. .. ... 8,437 8 6 Other than for resale — Kaimata .. .. .. .. .. .. ! 1,215 14 10 Traction .. .. .. .. 21,089 4 11 Monowai .. .. .. .. .. .. 7,709 0 4 Industrial .. .. .. 79,340 15 4 30,030 7 1 Retail .. .. .. .. 96,689 10 4 Generating-expenses (fuel) Dobson .. .. .. .. 12,816 15 8 197,119 10 7 Purchase of power in bulk .. .. .. .. j .. 337 16 11 ! ■ 599,893 10 4 Standby charges .. .. .. .. .. ! .. .. Rents — — Land and buildings .. .. .. .. 3,641 11 4 43,184 19 8 ) Lines and plant .. .. .. .. 785 6 0 Transmission and communication system: Patrol and main- .. 17,281 2 1 ' 4,426 17 4 tenance . i Miscellaneous revenue .. .. .. .. .. 9,291 17 8 Substations: Operation and maintenance .. .. .. 20,671 17 5 Distribution: Maintenance .. ... .. .. .. 19,473 12 10 System operation, testing, &e. .. .. .. .. .. 7,826 12 1 Management and general expenses .. .. .. .. I 66,521 8 7 i Balance, to Net Revenue and Appropriation Account . . .. i 438,652 12 8 £613,012 5 4 : £613,612 5 4 Net Revenue and Appropriation Account. £ s. d. £ s. d. £ s. d. To Interest (gross) for year ended 31st March, 1940 .. .. 252,569 17 10 By Balance from Gross Revenue Account .. .. .. .. .. 438,652 12 8 Less interest capitalized .. .. .. .. i 5,651 0 0 246,918 17 10 Depreciation on completed works .. .. .. .. 124,931 6 1 Sinking Fund .. .. .. .. .. .. .. 66,802 8 9 Reserve Fund £438,652 12 8 £438,652 12 8

B. — 1 [PT. IV].

ELECTRIC SUPPLY ACCOUNT— continued. SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY —continued.

Depreciation Reserve Account. £ s d | £ s. d. To Replacements, Renewals, &c 33,216 13 8 By Balance from previons year's statement; ®S'S? i|! 1 x» ¥ c .. .. .. 755,025 16 10 Interest at 4 per cent, per annum .. .. .. .. .. A>,511 iy 4 " " " " " Amount set aside as per Net Revenue and Appropriation Account .. .. 124,931 6 1 £788,242 10 6 £788,242 10 6 Sinking Fund Account. £ s. d. „ £ s - d - To Balance .. •• •• •• •• •• •• 417,604 14 3 By Balance at close of previous year .. .. .. .. .. 350,840 10 0 Interest .. .. .. • • • • • ■ • • • • D r - 38 4 6 Amount set aside as per Net Revenue and Appropriation Account .. .. 66,802 8 9 £417,604 14 3 £417,604 14 3 Reserve Fund Account. £ e. d. £ s - d - To Balance .. .. •• 87,199 6 0 By Balance at close of previous year .. .. .. .. .. 87,199 6 0 I £87,199 6 0 £87,199 6 0

B.—l [PT. IV].

ELECTRIC SUPPLY ACCOUNT— continued. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1940. General Balance-sheet at 31st March, 1940, compared with Position at 31st March, 1939.

3—B. 1 [PT. IV].

Liabilities. 1939-40. 1938-39. Assets. 1939-40. 1938-39 Aid to Water-power Works and Electric £ s. d. £ s. d. £ s . d. £ s. d. £ s d £ s d Supply Accounts— ! North Island scheme — Debentures Stock issued Assets as per separate balance-sheet* .. 11,039,964 16 8 10 280 338 13 5 At per cent, interest .. .. 1,300,000 0 0 1,300 ,000 0 0 Investments, Sinking Fund .. .. 2,175 7 5 At 3 per cent, interest .. .. 3,149,372 9 6 3,149,372 9 6 11 042 140 4 1 — At 3J per cent, interest .. .. 1,449,225 0 0 | 1,449,225 0 0 ' ' \jn 9xn ax n -7 At 3J- per cent, interest .. .. 567,490 0 0 573,555 0 0 , ' At 4 per cent, interest .. .. 1,643,470 0 0 i 1,647,600 0 0 At 4£ per cent, interest .. .. 2,623,913 18 0 2,623,913 18 0 \ At 5 per cent, interest .. .. 3,159,227 13 6 3,159,227 13 6 |i Debentures not yet converted.. .. ... 50 0 0 | Treasury Bills f South Island scheme — At 1} per cent, interest .. .. 110,000 0 0 .. Assets as per separate balance-sheetf .. 7,294,627 0 0 7 013 536 11 10 At 3 per cent, interest .. .. 75,000 0 0 .. Investments, Sinking Fund .. .. 10,547 0 5 ' lo'321 2 3 Treasury Notes — j j 7 gQg q g ' At 4} per cent, interest .. .. 93,500 0 0 j .. ' ' ~ noi u 7 14,171,199 1 0 ',0-3,857 14 1 13,902,944 1 0 !i Consolidated Fund — : Interest accrued on loans to 31st March, 133,218 9 4 133 577 6 10 1940 Sundry creditors for interest unclaimed .. .. 12 0 0 — — 133,218 9 4 [ 1 Surveys and General .. .. ... 18,519 14 6 18,665 8 5 133,589 6 10 ' Temporary loan .. .. .. .. 12,000 0 0 Temporary transfers from other accounts .. .. 175,000 0 0 210,000 0 0 j! " Interest reserve, being excess of interest .. 82,606 13 5 82,126 3 2 charged to schemes over interest actually paid on capital liability I . Carried forward .. .. .. 14,562,024 3 9 14,340 ,659 11 0 Carried forward .. .. .. 18,365,833 19 0 17,322,861 15 11 * Published in parliamentary paper D.— 1, page 16. "j* Published in parliamentary paper D.-l, page 19.

B.—l [Pt. IV]

Notes.—(a) No charge for cost of exchange on interest payments made in London is included. (b) Owing to the interconnection of the various schemes, it has not been found practicable to show separately the accounts of these schemes as required by the State Supply of Electrical Energy Act, 1917.

I hereby certify that the General Balance-sheet has been duly compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby, subject to the departmental notes enfaced thereon.— Cyril G. Collins, Controller and Auditor-General.

J. W. SCOTT, A.R.A.N.Z., Chief Accountant, Public Works Department.

ELECTRIC SUPPLY ACCOUNT— continued. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1940—continued. General Balance-sheet— continued. at 31st March, 1940, as compared with Position at 31st March, 1939— continued.

Liabilities. 1939-40. i 1938-39. Assets. 1939-40. 1938-39. j ; £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Brought forward .. .. .. 14,562,024 3 9 14,340,659 11 0 Brought forward .. .. .. 18,365,833 19 0 17,322 ,861 15 11 Sundry Creditors — Balance in Electric Supply Account at the North Island scheme .. .. 123,739 19 2 100,632 17 2 end of yearSouth Island scheme .. .. 46,844 4 9 36,102 10 8 Cash in Public Account .. .. 50,887 1 2 7,000 5 9 Surveys and general .. .. .. 2 10 0 .. Imprests outstanding .. .. .. .. 8,926 5 2 170,586 13 11 50,887 1 2 136,735 7 10 15,926 10 11 Suspense Account .. .. .. .. .. 100 4 9 Depreciation Reserve — North Island scheme .. .. 1,081,075 9 4 1,042,932 14 2 South Island Scheme .. .. 755,025 16 10 637,799 5 1 1,836,101 6 2 j 1,680,731 19 3 Sinking Fund — Amount utilized for redemption of loans 1,079,347 18 3 496,364 8 4 Stocks —Surveys and General .. .. .. 130 0 0 70 0 0 Available for further redemptions .. 498,076 19 11 595,513 18 8 1,577,424 18 2 1,091,878 7 0 Reserve Fund — j North Island scheme .. .. 181,248 2 9 South Island scheme .. .. 87,199 6 0 87,199 6 0 Sundry Debtors —Surveys and General .. .. 5 0 0 268,447 8 9 87,199 6 0 Sundry credit balances — North Island scheme . . .. 781 7 2 9 8 11 South Island scheme .. .. 1,508 12 1 1,744 11 7 2,289 19 3 1,754 0 6 Interest paid in advance .. .. .. 18 9 10 Total .. .. .. .. £18,416,874 10 0 £17,338,958 11 7 j = ,| Total .. .. .. .. £18,416,874 10 0 £17,338,958 11 7 Contingent Liability. ~ Arrears of appropriation to Sinking Fund 252,670 11 5 1 I !

B.—l [PT. IV].

GOVERNMENT LIFE INSURANCE DEPARTMENT. Revenue Account of the Government Life Insurance Department for the Year ended 31st December, 1939. £ s. d. £ s. d. Amount of funds at Ist January, 1939 10,575,749 6 8 Death claims under assurance policies, Renewal premiums—Assurance, annu- including bonus additions .. 225,000 11 10 ity, and endowment, less reinsurance Endowment assurances matured, inpremiums .. .. .. 700,048 3 0 eluding bonus additions .. .. 346,777 3 0 New premiums (including instalments Endowments matured .. .. 13,199 1 0 of first year's premiums falling due Premiums returned on endowments .. 1,020 0 0 in the year) less reinsurance premiums 57,440 13 6 Bonuses surrendered for cash .. 8,774 19 4 Single premiums—Assurance and en- Annuities .. .. .. 34 751 4 6 dowment .. .. .. 57,797 13 3 Surrenders .. .. .. 42,228 4 6 Consideration for annuities .. .. 31,082 3 0 Loans released by surrender .. 56,957 14 5 Interest, rent, and other £ s. d. £ s. d. income .. .. 479,576 17 4 Commission, new .. 42,493 19 7 Less property expenses 8,761 0 6 Commission, renewal .. 5,929 5 8 — 470,815 16 10 48,423 5 3 Contribution to Public Service Superannuation Fund .. .. 665 18 1 Land and income tax .. .. 39,128 13 5 £ s. d. Expenses of management—• Salaries .. .. 40,923 1 6 Extra clerical assistance .. .. 525 10 7 Medical fees and expenses .. .. 2,401 17 6 Travelling-expenses 753 10 8 Advertising .. 607 3 10 Printing and stationery .. .. 1,670 0 3 Rent .. .. 7,307 3 3 Postage and telegrams .. .. 2,099 3 7 Exchange .. 37 14 4 Audit fees .. 418 15 0 General expenses .. 3,282 10 6 Services rendered by Government Actuary .. .. 3,506 6 4 : 63,532 17 4 Property depreciation .. .. 5,837 15 0 Transfer to Investment Fluctuation Reserve Account .. .. 10,000 0 0 Amount of funds, 31st December, 1939 10,996,636 8 7 £11,892,933 16 3 £11,892,933 16 3

Balance-sheet of the Government Life Insurance Department on 31st December, 1939. Liabilities. £ s. d. Assets. £ s. d. Total assurance, annuity, and en- Loans on policies .. .. .. 1,249,417 18 7 dowment funds (as per Revenue New Zealand Government securities .. 2,679,623 0 0 Account) .. .. .. 10,996,636 8 7 Loans to local bodies .. .. 1,740,369 3 4 Claims admitted, proofs not yet Landed and house property .. 488,393 13 6 completed .. .. .. 52,771 17 7 Landed and house property (leasehold) 858 5 3 Annuities .. .. .. 450 17 9 Mortgages on property .. .. 4,964,780 6 7 Medical fees .. .. .. 262 10 0 Properties acquired by foreclosure .. 14,380 0 0 Premium and other deposits . . 12,401 13 11 Overdue premiums on £ s. d. Sundry creditors .. .. .. 9,499 3 1 policies in force .. 4,453 7 2 Accident and Fidelity Fund .. 5,000 0 0 Outstanding premiums Investment Fluctuation Reserve .. 387,197 111 due but not overdue 57,844 16 10 Sinking funds on local £ s. d. 62 298 4 0 body loans .. 1,850 11 4 Overdue interest .. 9,248 14 10 Interest accrued thereon 22 10 0 Outstanding interest 1,873 1 4 due but not overdue 9,196 18 8 Interest accrued but not due .. .. 102,503 17 6 120,949 11 0 Sundry debtors .. .. 2,475 10 6 Income-tax paid in advance .. 30,000 0 0 Office furniture and fittings .. 4,500 0 0 Cash in hand and on current account 108,045 1 5 £11,466,092 14 2 £11,466,092 14 2

W. E. Arnold, Commissioner. J. W. Macdonald, Secretary.

The Audit Office, having examined the Revenue Account and Balance-sheet, and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith.—Cybil G. Collins, Controller and Auditor-General.

B. -1 |'Pt. TV

HOUSING ACCOUNT. Tabulated Revenue Account for Year ended 31st March, 1940.

Properties sold under Advances under Part III Kented Properties (Old) TSonfed Prnnerties fNewl erected i „ . , ™ v t> . 4. Agreement for Sale and Advances to Local Bodies. (Loans to Employers) erected prior to 31st March, e SS. teQ Factories and Plant, Combined Revenue Account. Purchase. Housing Act, 1919. 1937. Item. i j I Dr. Cr. Dr. { Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. I I | 1 ; ! Receipts. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ 3. d. Interest .. .. .. .. 5,934 16 6 .. 11,387 0 4 .. 236 18 2 .. ! .. .. .. .. .. •• 17,558 15 0 Rents .. .. .. .. .. .. ..I .. 36,983 19 1 .. 325,317 5 4 .. .. .. 362,301 4 5 Lease .. .. .. .. .. .. .. .. •• -• •• •• •• 6 >015 11 0 .. 6,015 11 0 I Expenditure (Including Allocations to Reserves). Interest .. .. .. 4,556 3 11 .. ; 8,041 15 6 .. 156 8 5 .. 17,446 19 5 .. 121,699 18 9 .. 864 7 11 .. 152,765 13 11 Management expenses .. 218 15 4 .. 419 14 11 .. 8 14 8 .. | 1,363 5 11 .. 26,650 5 10 ! .. 38 15 2 .. 28,699 11 10 Depreciation .. .. .. .. .. •• 10,14=0 0 0 .. 48,377 0 10 .. 3,112 9 9 .. 61,629 10 7; Insurance . .. .. .. .. .. .. 1,151 2 8 .. 13,793 15 3 .. 1,135 14 6 .. 16,080 12 Sj Rates .. .. .. .. .. .. .. •• .. 9,301 18 11 .. 59,000 0 0 .. 314 0 8 .. 68,615 19 7| Maintenance .. .. .. .. .. •• •• .. 15,355 13 8 .. 55,175 0 10 .. .. .. 70,530 14 6 Losses and vacant tenancies .. 474 19 8 .. .. .. .. 3,546 10 6 .. 3,190 19 i .. .. .. 9 6 Rent .. .. .. .. .. • • • • • • • • • • • • • • • • 550 3 0 .. 550 3 0 Excess of expenditure over .. .. .. .. •- .. •• 21,321 12 0 .. 2,569 15 6 .. .. . receipts, transferred to Profit and Loss Account .. 20 209 4 11 Excess of receipts over expendi- 684 17 7 .. 2,925 9 11 .. 71 15 1 ture, transferred to Profit and Loss Account J Totals .. .. 5,934 16 65,934 16 611,387 0 411,387 0 4236 18 2 236 18 258,305 11 158,305 11 1327,887 0 10 327,887 0 10 6,015 11 06,015 11 01406,084 15 4406,084 15 4 ; ! ! ! I

B.—l [Pt. TV].

HOUSING ACCOUNT—continued. Profit and Loss Account for the Year ended 31st March, 1940. l Jr - £ s. d. Gr. £ s . d Balance, Ist April, 1939 .. .. .. 95,692 19 4 Sundries .. .. .. .. .. 124 16 4 Loss for the year (see Combined Revenue Account) 20,209 411 Balance, Ist April, 1940 .. .. .. 116,099 6 9 Rural housing preliminary expenditure .. 321 18 10 £116,224 3 1 £116,224 3 1 £ s. d. Balance .. .. .. .. £116,099 6 9

Construction Branch : Preliminary Expenses Account at the 31st March, 1940. Year ended 31st Total to 31st Year ended 31st Total to 31st. Mai-eh, 1940. March, 1940. March, 1940. March, 1940. i*. £ s. d. £ s. d. Gr. £ s. d. £ s. d. Interest during construction 22,756 19 0 37,628 13 3 Transfer to Factories and Interest on land purchased .. 8,416 410 14,626 17 7 Plant Capital Account . .. 746 0 0 Advertising .. .. 890 7 0 2,532 17 11 Army Department construcAudit fees .. .. 1, 240 0 0 2,240 0 0 tion; Recoupment of superDepreciation (furniture, vision charge .. .. 974 14 8 974 14 8 motor-cars, tools and plant) 952 4 5 1,756 6 10 Rentals: Land held pending Light, heating, and cleaning 1,029 011 1,969 5 7 erection of dwellings .. 1,391 7 3 1 391 7 3 Plans and schedules .. 3,576 12 9 19,088 17 8 Balance .. .. .. 164,754 411 328 720 13 4 Quantity surveying .. 568 5 2 1,946 17 3 Valuation fees .. 8,529 0 3 8,758 14 3 Postages and telegrams .. 1,070 15 2 1,955 8 3 Printing and stationery .. 2,372 11 8 5,421 5 7 Office maintenance .. 1,866 2 9 2,515 12 4 Motor-vehicle maintenance .. 1,336 17 6 2,364 12 0 Rent .. .. .. 4,612 9 3 8,075 7 8 Salaries .. .. .. 89,288 1 5 180,108 5 8 Telephones .. 1,709 18 7 2,497 4 2 Travelling-expenses .. 8,033 19 6 15,044 7 9 Workers' compensation insurance .. .. .. 4,915 6 8 6,323 5 8 Administration costs payable to State Advances Corporation .. .. .. 3,741 11 3 16,189 4 1 Contingencies .. .. 213 18 9 789 11 9 £167,120 610 £331,832 15 3 £167,120 610 £331,832 15 3 £ s. d. Balance .. .. .. .. .. £328,720 13 4

B.—l [PT. TV].

HOUSING ACCOUNT—continued. Balance-sheet as at 31st March, 1940. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Loan liability .. ■■ 11,558,945 0 0 Principal owing under agreelnterest overdue and unpaid 98,866 4 2 ment for sale and purchase 119,008 7 8 to Treasury Advances to local authorities 426,710 1 5 Add interest accrued .. 7,762 13 4 Advances under Part 111, — Housing Act, 1919 .. 9,049 0 6 106,628 17 6 Less interest on Treasury 554,767 9 7 bills paid in advance .. 21,101 7 8 Instalments of principal over85,527 910 due .. .. .. 6,368 15 3 Liability to Consolidated Interest receivableFund in terms of section Overdue .. . . 4,464 17 7 22, Finance Act. 1926 .. .. 100 0 0 Accrued .. .. 1,228 16 9 Sundry creditors Insurance premiums receivable Deposits on contracts .. 39,161 8 3 overdue .. .. 189 4 3 Tenancy deposits .. 6,333 8 8 Departmental .. .. 6,176 14 1 567,019 3 5 Miscellaneous .. .. 4,658 14 10 Less amount in hand un56,330 5 10 allocated .. 282 9 4 Insurance Fund 33,632 16 1 566,730 14 1 Sinking Fund Reserve .. .. .. 2,214 17 7 Dwellings let (old) .. .. .. 472,218 110 Reserves on dwellings com- Dwellings in course of conpleted under new housing struction or completed under , scheme .. .. 181,207 511 new housing scheme .. .. 8,562,617 12 1 " Freehold land .. .. .. 1,655,698 13 7 Factories and Plant Capital Account .. .. 41,901 10 3 Plant, tools, and machinery . . .. 626 19 8 Motor-vehicles .. .. .. 3,339 11 3 Furniture and equipment .. .. 7,250 14 8 Construction Branch preliminary expenses .. .. .. 328,720 13 4* Rent receivable— £ s. d. Overdue .. .. 10,514 4 0 Postponed .. .. 1,208 9 9 Accrued .. .. 5,918 17 2 17,641 10 11 Less rent in advance .. 2,453 1 8 15,188 9 3 Sinking Fund investment held by Public Debt Redemption Fund 5,569 17 5f Insurance Fund Investment (Government stock) and accrued interest .. .. .. 9,859 9 9 Sundry Debtors — .. £ s. d. Departmental .. .. 34,223 13 11 Miscellaneous .. .. 11,153 15 5 45,377 9 4 Realization Suspense .. .. 675 17 3 Profit and Loss Account .. .. 116,099 6 9 Cash in bank .. .. .. 86,076 14 9 £11,917,957 15 3 £11,917,957 15 3 *See analysed statement übove. t This amount includes the sum of £3,354 19s. lOd. paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910.

R. Robertson, Chief Accountant. A. D. Park, F.1.A.N.Z., F.R.A.N.Z.I Joint M in Directors. T. N. Smallwood j

I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby,— Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. IV],

POLICE DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ £ Income. £ £ Administration charges— Subsidies from local bodies .. .. .. 167 Salaries .. .. .. .. 504,037 License fees : Arms Act .. .. . 2,873 Rent • • • • • • • • • • 3,322 Sale of confiscated firearms .. .. 14 Office expenses . . .. .. . 1,130 Sale of confiscated liquor .. 387 Printing and stationery . . .. . . 5,590 Payments for special police services . . 1 847 Postage and telegrams ...... 5,741 ' _J g telephones .. .. .. .. 8,216 Excess of expenditure over income . 690 491 House allowances .. .. 35,989 ' ' ' Transfer expenses .. . . 7,104 Travelling-expenses .. .. .. 16,365 587,494 Other charges— Upkeep of bicycles, horses, and motor-vehicles 15,103 Freight, cartage, &c. .. .. .. 238 Clothing, stores, &c. .. .. . . 11 ( 306 Fuel, light, water, and scavenging .. 6,474 Police prosecutions .. .. .. 2,045 Prisoners'rations .. .. .. 1,056 Maintenance and repairs to buildings .. 20,868 Rewards .. .. .. .. 261 Medical expenses .. .. . . 277 Police examinations .. .. 157 Compassionate grants .. . . 1,259 59,044 j Depreciation on— Buildings .. .. .. .. 13,377 Furniture and fittings, &c. . . .. 1,182 Libraries .. .. . . , . 764 Arms and accoutrements . . . . 330 Motor-vehicles, bicycles, and horses . . 1,158 16,811 Interest on capital .. .. .. .. 32,430 £695/779 £695,779

Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital: Public Works Fund .. .. .. 841,389 Land .. .. ~ . ' .. 002 j59 Treasury Adjustment Account .. .. .. 516,176 Buildings .. " 376'469 Creditors— £ Stores and equipment .. . . . . 8' 334 Departmental . . .. .. .. 895 Motor-vehicles . . . . . . " 3' 125 Sundry .. .. .. .. 1,631 Bicycles .. .. | 2,526 Furniture and fittings .. .. 3 gjg Writings-off Suspense Account .. .. .. 627 Mechanical office appliances . . " '209 Libraries .. .. . . . . 7 §(57 Arms and accoutrements .. , . f>,851 Horses. . .. .. . . , 30 I Official stamps on hand .. . . .. . . 1 4^7 Debtors— £ Departmental.. . . ~ . . 7 Sundry .. .. .. # , 52 — 69 Assets in Suspense .. . . .. 627 Excess of expenditure over income . . .. 690 491 £1,360,718 £1,360,718

Note—The proportion of police to population was Ito 1,120, and the cost per inhabitant for the year 1939-40 (exclusive of expenditure on the erection and maintenance of buildings, interest, and depreciation charges) was 7s. B£d.

R. F. Madden, Secretary, Police Department.

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, Controller and Auditor-General.

B. —1 [Pt. IV].

RANGITAIKI LAND DRAINAGE SCHEME. Rate Account for the Year ended 31st March, 1940. Capital. Maintenance. Capital. Maintenance. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. Remissions .. .. .. 552 14 3 485 18 0 Balance as at 31st March, 1939 .. 409 8 3 8,147 6 3 Transfer to Reserve Fund .. 1,242 10 0 .. Rates struck for year .. 10,463 10 2 7,032 10 1 Interest on capital cost .. .. 8,712 10 0 .. 10-per-cent. penalty added to 1938Cost of maintenance .. .. .. 7,660 8 4 39 rates .. .. .. 131 12 5 161 10 3 Balance as at 31st March, 1940 .. 500 13 5 9,750 13 11 Subsidy on maintenance costs .. .. 2,553 9 5 Adjustment: Amount previously written off .. .. .. 3 16 10 2 4 3 £11,008 7 8 £17,897 0 3 £11,008 7 8 £17,897 0 3

Revenue Account for the Year ended 31st March, 1940. Dr. £ s. d. Cr. £ s. d. Losses written off .. .. .. .. 2,104 511 Accrued rent .. .. .. .. 195 9 4 Law-costs remitted .. .. .. .. 110 0 Interest on capital cost recoverable by rates .. 8,712 10 0 Interest on Public Works Fund capital .. .. 19,566 14 9 Balance, transferred to Drainage Works Account 12,764 11 4 £21,672 10 8 £21,672 10 8

Balance-sheet as at 31st March, 1940. Liabilities. £ s. d. Assets. Public Works Fund .. .. .. .. 489,168 12 7 Drainage works— £ s. d. Free capital from Employment Promotion Fund 890 19 0 Recoverable capital expenditure (section 11, Reserve Account for repayment of capital cost .. 1,242 10 0 Finance Act, 1927, No. 2) .. .. 205,000 0 0 Treasury Adjustment Account .. .. 293,281 18 8 Not recoverable: Capital expenditure and Unpaid purchase-money for land taken .. 210 1 1 capitalized interest .. .. .. 551,552 17 0 Sundry creditors — £ s. d. Plant, machinery, and tools .. .. .. 1,934 10 6 Departmental .. .. 1,249 1 5 Buildings . . . . . . .. . . 1,439 6 5 Miscellaneous .. .. 295 6 2 Sundry goods .. .. .. .. 1,186 18 4 1,544 7 7 Sundry debtors — Rate Account — Rates — £ s. d. Capital .. .. .. 500 13 5 Capital .. .. 17,562 5 10 Maintenance .. .. 9,750 13 11 Maintenance .. .. 13,630 15 10 10,251 7 4 Law-costs .. .. 470 11 10 Writings-off in Suspense .. .. .. 2,104 511 Rents .. .. .. 5 0 0 Payments in advance: Rates.. .. .. 118 3 Miscellaneous .. .. 85 15 0 Departmental .. .. 184 5 2 31,938 13 8 Cash in transit from Post-office .. .. 2,648 9 7 Expenditure from Employment Promotion Fund 890 19 0 Losses in Suspense .. .. .. .. 2,104 5 11 £798,696 0 5 £798,696 0 5

R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant.

I hereby certify that the Rate and Revenue 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 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.

(For Receipts and Payments Account see parliamentary paper C.-11, page 3.)

B.—l [PT. IV],

SWAMP LAND DRAINAGE SCHEMES. Rate Accounts for Year ended 31st March, 1940. Kaitaia Drainage Area. Special Rate Accounts : Capital. Rural Town Bural Town Subdivision. Subdivision. Subdivision. Subdivision. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. £ s. d. Transfer to Reserve .. .. 446 14 3 61 1 0 Balance, Ist April, 1939 .. .. 1,905 12 10 92 4 8 Interest charges .. .. .. 2,463 5 9 348 19 0 Rates levied .. .. 3,191 13 2 Remissions .. .. .. 394 5 4 38 3 5 Less Rebate .. 90 10 5 Balance, 31st March, 1940 .. .. 1,702 10 3 53 17 3 3,101 2 9 409 16 0 £5,006 15 7 £502 0 8 £5,006 15 7 £502 0 8

General Rate Accounts : Maintenance. J°. w ?. Rural Town Subdivision. Subdivision. Subdivision. Subdivision. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. Remissions .. .. .. 170 19 5 12 19 8 Balance Ist April, 1939 .. .. 488 111 101 11 9 Cost of maintenance .. .. 1,168 17 3 175 0 0 Rates levied .. .. .. 1,822 19 2 250 2 3 Balance, 31st March, 1940 .. .. 971 4 5 163 14 4 £2,311 1 1 £351 14 0 £2,311 1 1 £351 14 0

Waihi Drainage Area. Special Rate Accounts : Capital. Pukehina Kaikokopu Pukehlna Kaikokopu Ward. Ward. Ward. Ward. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. Transfer to Reserve .. .. 43 15 7 65 13 1 Balance, Ist April, 1939 .. .. 298 7 9 168 15 9 Interest charges .. .. .. 210 17 0 316 5 7 Rates levied . . .. .. 319 17 8 432 5 3 Remissions .. .. .. 1,657 8 5 33 4 4 10 per cent, penalty on unpaid rates .. 610 5 20 10 9 Balance, 31st March, 1940 .. .. .. 206 8 9 Balance, 31st March, 1940 .. .. 1,287 5 2 £1,912 1 0 £621 11 9 £1,912 1 0 £621 11 9

General Rate Accounts : Maintenance. Pukehlna Kaikokopu Central Pukehlna Kaikokupu Central Ward. Ward. Ward. Ward. Ward. Ward Dr. £ s. d. £ s. d. £ s. d. Cr. £ s. d. £ s. d. £ s. d. Balance.. .. .. .. .. 1,422 14 0 Balance, Ist April, 1939 .. 187 5 3 204 19 6 Maintenance-costs .. 95 0 0 570 16 3 285 0 0 Rates levied .. .. 175 18 7 522 5 3 659 18 1 Remissions .. .. 729 13 7 27 1 8 26 17 3 10 per cent penalty on unBalance, 31st March, 1940.. .. 152 0 7 .. paid rates .. .. 313 3 22 13 9 16 2 0 Balance, 31st March, 1940 457 16 6 .. 1,058 11 2 £824 13 7 £749 18 6 £1,734 11 3 £824 13 7 £749 18 6 £1,734 11 3

I'oukawa Drainage Area. Special Rate Accounts : Capital. Dr. £ s. d. Cr. £ a . Transfer to Reserve .. .. .. .. 146 18 8 Balance, Ist April, 1939 .. .. .. 247 11 11 Interest charges .. .. .. .. 930 11 4 Rate levied .. .. .. .. .. 1,121 1 5 Remissions .. .. .. .. .. 11 15 4 10 per cent penalty added to unpaid rates .. 45 2 3 Balance, 31st March, 1940 .. .. .. 324 10 3 £1,413 15 7 £1,413 15 7

General Rate A ccount: Maintenance. Dr. £ s. d. Cr. £ s , d. Balance, Ist April, 1939.. .. .. .. 2 7 7 Rates levied .. .. .. ... .. 156 411 Costs of maintenance .. .. .. .. 350 0 7 10 per cent penalty added to unpaid rates .. .. 418 1 Remissions .. .. .. .. .. 4 210 Balance, 31st March, 1940 .. .. .. 195 8 0 £356 II 0 £356 n 0

4— B. 1 [PT. IV].

B.—l [PT. IV].

SWAMP LAND DRAINAGE SCHEMES —continued. Balance-sheet as at 31st March, 1940. Liabilities. Assets. Capital Account — £ s. d. £ s. d. Kaitaia Drainage Area— £ s. d. £ s. d. Public Works Fund .. .. 499,221 16 2 Allocated cost of work on which Less Loans Redemption Ac- rates are levied— count .. .. .. 400 14 10 Rural Subdivision .. .. 60,000 0 0 498,821 1 4 Town Subdivision .. .. 8,200 0 0 Reserve: Repayment of capital 68,200 0 0 costs Excess cost of works not recoverKaitaia Drainage able .. .. .. 164,013 510 £ s. d. Interest Account: Proportion Rural Subdivi- chargeable to area .. .. 168,957 14 5 sion .. 3,707 0 8 Waihi Drainage Area— 332,971 0 3 Town subdivision 506 12 5 Allocated cost of work on which 4,213 13 1 rates are levied—■ Waihi Drainage Pukehina Subdivision .. 5,000 0 0 Area Kaikokopu Subdivision .. 7,500 0 0 Pukehina Subdi- Central Subdivision .. 46,427 3 6 vision .. 358 3 4 58,927 3 6 Kaikokopu Sub- Excess cost of works not recovervision .. 537 4 7 able .. .. .. 28,635 4 3 895 711 Interest Account: Proportion Poukawa Drainage Area .. 1,017 15 2 chargeable to area .. .. 48,575 16 0 6,126 16 2 Poukawa Drainage Area — 77,211 0 3 Rate Accounts— Drainage works .. .. 16,520 0 6 Special Rate Accounts : Capital— Interest Account: Proportion Kaitaia Drainage chargeable to area .. .. 1,472 6 2 A re a— £ s. d. Hikurangi Drainage Area— 17,992 6 8 Rural Subdivi- Drainage works .. .. 258,939 17 7 sion .. 1,702 10 3 Less amount written off .. 184,388 14 7 Town Subdivision .. 53 17 3 74,551 3 0 1,756 7 6 Interest Account: Proportion Waihi Drainage Area: Kaiko- chargeable to area .. .. 163,067 14 1 kopu Subdivision .. 206 8 9 Mangawai Drainage Area— 237,618 17 1 Poukawa Drainage Area .. 324 10 3 Drainage works .. .. 1,877 19 3 2,287 6 6 Interest Account: Proportion General Rate Accounts : Main- charged to works to 31st tenance— March, 1939 .. .. 1,606 4 3 Kaitaia Drainage Area— £ s. d. 3,484 3 6 Rural Subdivi- Less amount written off .. 3,484 3 6 sion . . 971 4 5 Town Subdivi- Harihari Drainage Area — sion .. 163 14 4 Drainage works .. .. 4,355 211 1,134 18 9 Interest Account: Proportion Waihi Drainage Area: Kaiko- chargeable to works .. 3,428 14 8 kopu Subdivision .. 152 0 7 7,783 17 7 1,286 19 4 Unpaid purchase money on land sold on deferred Sundry creditors— payment .. .. .. • • 720 0 0 Miscellaneous .. • • 77 6 1 Buildings .. .. .. •. • • 1 > 159 1 3 Departmental . . • • 0 8 6 Buildings: Loading .. .. .. .. 249 18 6 77 14 7 Wharves .. .. .. • • • • 0 10 0 Rents charged in advance .. .. 109 0 0 Plant and machinery .. .. .. .. 3,473 16 5 Payments in advance — Loose tools . . .. .. . ■ • • 122 7 9 Rent .. . • • • 8 2 1 Stores on hand .. .. .. .. 1,888211 Rates .. . • • • 14 3 Motor-vehicles .. .. .. . ■ 157 3 0 9 6 4 Sundry debtors for rates— Snsnerise Account . . ■ • 0 6 0 . . Capital. Maintenance. BUBpense .account .. Drainage Area. 4? _ ,i f . ,i Drainage WorksTuspense " " 720 0 0 Kaitaia .. ..21,636 'l 7 8,865 15 0 30,502 2 7 i " 5 211 19 7 Waihi .. .. 2,829 10 8 2,667 10 2 5,497 010 Treasury" Adjustment Account !! 359! 634 19 6 .. 3,663 13 4 268 12 4 3,932 5 8 Rent under section 4 (2), Swamp Land Drainage Amendment Act, 1926 .. .. •• 123 11 6 House rents .. .. .. 2 5 0 Law-costs .. .. . • 899 5 5 Miscellaneous .. .. .. 110 6 Departmental .. .. .. 98 13 6 Rate Account— 1,134 15 11 General Rate Account : Maintenance — Waihi Drainage Area— Central Subdivision .. .. 1,058 11 2 Pukehina Subdivision .. 457 16 6 Poukawa Drainage Area .. 195 8 0 1,711 15 8 Special Rate Account: Capital— Waihi Drainage Area : Pukehina Subdivision 1,287 5 2 Maintenance-costs (Hikurangi) .. .. 434 8 9 Premiums on conversion .. .. .. 76 10 0 Revenue Account —Waihi Drainage Area : Central Subdivision .. .. .. .. 15,476 17 9 Losses in Suspense .. .. .. .. 5,211 19 7 Interest accrued but not due .. .. .. 2 3 5 Cash in transit from Post Office .. .. 792 17 4 £874,535 7 10 £874,535 7 10

R. G. Maomobran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant.

1 hereby certify that the Rate 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 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. (For Receipts and Payments Account see parliamentary paper C.-4, page 3.)

B.—l [PT. IV

HAURAKI PLAINS SETTLEMENT SCHEME. Revenue Account for the Year ended 31st March, 1940. Dr. £ s. d. Or. £ s. d. Interest on capital .. .. .. .. 33,939 18 7 Accrued rents .. .. ... .. 6,306 5 2 Kaihere Ferry (net cost of operating) .. .. 122 12 1 Interest on sales of land, &c. .. .. .. 1,824 14 9 Administration expenses .. .. .. 381 1 3 Grazing fees .. .. .. .. 14 3 Remissions of rent .. .. ~. .. 693 13 2 Hire of plant .. .. .. .. 120 13 0 Remissions of interest .. .. .. 151 4 8 Royalties .. .. .. .. .. 131 16 7 Rebates .. .. .. .. .. 592 4 10 Net loss carried down.. .. .. .. 27,908 14 1 Capital reductions under section 216, Land Act, 1924 205 0 0 Capital reductions under Mortgagors and Lessees Rehabilitation Act, 1936 .. . . .. 127 8 8 Irrecoverable rents, &c. .. .. .. 65 12 1 Recovery of amount previously written off .. 0 2 6 Premiums on conversion .. .. .. 14 10 0 £36,293 7 10 £36,293 7 10 £ s. d. £ s. d. Net loss brought down .. .. .. 27,908 14 1 Balance carried forward .. .. .. 364,514 5 1 Balance from previous year .. .. .. 336,605 11 0 £364,514 5 1 £364,514 5 1 Rate Account for the Year ended 31st March, 1940. Dr. £ s. d Cr. £ s. d. Maintenance completed works .. .. .. 2,146 11 9 Balance brought forward .. .. .. 1,738 010 Remissions of rates .. .. .. .. 515 15 11 Rates levied .. .. .. .. .. 2,010 7 6 Balance .. .. .. .. 1,086 0 8 £3,748 8 4 £3,748 8 4 Balance-sheet as at 31st March, 1940. Liabilities. I Assets. Capital Account— £ s. d. £ s. d. Improved lands handed over to £ s. d. £ s. d. Public Works Fund .. .. 839,802 4 4 Land Board for settlement — Value of Crown land set apart Leased .. .. .. 116,504 3 3 under Act .. .. 45,000 0 0 Unleased.. .. .. 898 5 1 Transferred from Discharged Unpaid purchase-money for Soldiers Settlement Account 264 15 0 land sold on deferred pay885,066 19 4 ment .. .. .. 38,563 1 3 Employment Promotion Fund: Capital .. 10,083 18 1 — 155,965 9 7 Consolidated Fund: Capital .. .. 6,112 4 9 Unimproved value land not disposed of 18,322 1 0 Reserve for loss on Discharged Soldiers Settlement Improvements on adjoining Crown lands 7,710 0 0 assets .. .. .. • • 140 0 0 Permanent reserves .. .. .. 60 0 0 Sundry creditors —• £ s. d. Works in progress : Expenditure on land in Miscellaneous .. .. .. 60 3 0 course of reclamation, including formation Departmental .. .. .. 741 15 2 and metalling of roads .. .. 669,878 12 4 801 18 2 Capital expenditure— Rent charged in advance .. .. .. 1,390 0 0 Employment Promotion Fund .. 10,083 18 1 Rate Account .. .. .. . • 1,086 0 8 Consolidated Fund .. .. 6,112 4 9 Payments in advance — £ s. d. Artesian wells — Rent .. .. .. • • 388 410 Crown tenants, Hauraki £ s. d. Instalment of principal on deferred- Plains .. .. .. 117 12 1 payment sales .. .. 23 10 5 Permanent reserves and Instalment of interest on deferred- Crown lands .. .. 216 10 9 payment sales .. 55 14 6 334 2 10 467 9 9 Buildings .. .. .. .. 2,618 9 7 Suspense Account .. .. ■ • 16 1 Wharves .. .. .. .. 100 0 0 Writings-off in Suspense .. .. .. 163 2 4 Machinery, plant, and tools .. .. 12,730 17 11 Treasury Adjustment Account .. .. 362,645 11 10 Live-stock .. .. .. .. 18 11 0 Stores .. .. .. .. 8,420 13 3 Stamps on hand .. .. .. 0 10 Sundry debtors— Rent .. .. .. 759 7 6 Rates .. .. .. 2,671 16 11 Instalment of prinoipal on deferred-payment sales .. 98 11 5 Interest on well-boring .. 97 9 5 Interest on deferred-payment sales .. .. .. 168 7 8 Law-costs .. .. 115 13 11 Tram freights .. .. 7 10 0 Grazing .. .. .. 10 18 4 Miscellaneous .. .. 5,561 14 1 Departmental .. .. 832 0 3 — 10,323 9 6 Postponed rent (Mortgagors and Lessees Rehabilitation Act, 1936) .. .. 132 2 9 Losses in Suspense .. .. .. 163 2 4 Interest accrued but not due .. .. 427 0 0 Premiums on conversion .. .. 43 10 0 Revenue Account: Balance forward .. 364,514 5 1 £1,267,958 11 0 £1,267,958 11 0 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant.

I hereby certify that the Rate Account, the Revenue Account, and the 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, Controller and AuditorGeneral .

(For Receipts and Payments Account see parliamentary paper C.-8, page 5.)

B.—l [PT. IV

LANDS AND SURVEY DEPARTMENT. GORE HIGH SCHOOL ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st Marth, 1940. Receipts. £ Payments. £ Balance: Cash in hand, Ist April, 1939, in Local Bodies Administration expenses paid to Consolidated Fund under Deposit Account of Receiver of Land Revenue, Invercargill 32 section 3, Land Laws Amendment Act, 1927 .. .. 5 Rents .. .. .. .. .. .. 65 Payment to Board of Governors of Gore High School under section 89, Reserves and other Lands Disposal and Public Bodies Empowering Act, 1919 .. .. 92 £97 £97

Revenue Account for the Year ended 31st March, 1940. Dr. £ Cr. £ Balance brought forward from previous year .. 16 Accrued rent .. .. .. .. 65 Administration expenses due to Consolidated Fund under Balance carried forward .. .. .. 16 section 4, Land Laws Amendment Act, 1927 .. .. 3 Amount due to Board of Governors of Gore High School under section 89, Reserves and other Lands Disposal Act, 1919 .. .. .. .. .. .. 62 £81 £81

Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital .. .. .. .. .. .. 1,300 Land .. .. .. .. .. .. 1,300 Rents charged in advance .. .. .. . . 16 Revenue Account: Balance carried forward .. .. 16 £1,316 £1,316 Thos. Pound, Assistant Under-Secretary for Lands. G-. I. Beeson, Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Revenue 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.—Cyril G. Collins, Controller and Auditor-General.

NORTH ISLAND EXPERIMENTAL DAIRY SCHOOL ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1940. Receipts. £ Payments. £ Balance in Treasury Deposit Account at Ist Administration expenses .. .. .. .. 10 April, 1939 — £ Payment to Massey Agricultural College for benefit Dairy Cash .. .. .. .. . • 102 Research Institute .. .. .. .. 600 Investments .. .. .. .. 11,500 Balance in Treasury Deposit Account at 31st 11,602 March, 1940— £ Rents .. .. .. •. ■ ■ ■ • 201 Cash .. .. .. .. . . 108 Interest on investments .. .. .. .. 415 Investments .. .. .. .. 11,500 11,608 £12,218 £12,218

Revenue Account foe the Year ended 31st March, 1940. Dr. £ Cr. £ Administration expenses under section 4, Land Laws Accrued rent .. .. .. .. .. 201 Amendment Act, 1927 .. .. . • • • 10 Interest on investments .. .. .. .. 430 Payment to Massey Agriculture College for benefit of Dairy Research Institute .. .. .. .. 600 Balance, carried down .. .. .. .. 21 £631 £631 £ £ Balance from previous year .. .. .. .. 11,647 Balance: Surplus to 31st March, 1940 .. .. 11,668 Balance brought down .. .. .. .. 21 £11,668 £11,668

B.—l [Pt. IV]

LANDS AND SURVEY DEPARTMENT—continued. Balance-sheet as at 31st March, 1940. Canital. Liabilities. £ Assetg £ Rents charged but not accrued " 4 Pkutation'' 4 '920 Trrii- ».« :: - Surplus for year 21 Cash . j OB 11 > 668 Investments .. .. .. ..11 500 — 11,608 £1,i ' 520 £16,520 Thos. Pound, Assistant Under-Secretary for Lands. G. I. Beeson, Chief Accountant. the IhHv!' 7 ! 2 lfy at i the R °; VenU ? Acco ' ln J' and Balance-sheet have been duly examined and compared with and correctly state the position as disdosed thcreby -

TARANAKI SCHOLARSHIP ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1940. Receipts. £ p . Balance in Treasury Deposit Account at !st April, 1939 .. 389 Administration expenses underaction 4, Land Laws * 939 Amendment Act, 1927 .. .. 47 Public Trustee under section 22, New Zealand University Amendment Act, 1914 .. .. .. §49 Balance in Treasury Deposit Account at 31st March, 1940 432 £1 ' 328 £1,328

Revenue Account foe the Year ended 31st March, 1940. Dr. £ Cr Administration expenses under section 4, Land Laws Accrued rent f Amendment Act, 1927, and section 31 (2), Land Laws " " " " • • 938 Amendment Act, 1929 . . .. .. 47 Balance carried down .. .. .. ggj j»3B Balance brought forward from previous year .. .. 229 Balance brought down so, Amount due to Public Trustee in terms of section 22, New Balance carried forward Zealand University Amendment Act, 1914 .. .. 892 * * '' '' £l^l

Balance-sheet as at 31st March, 1940. Liabilities. £ Assets Public Trustee: Amount not yet paid over .. ''439 0 "' ' anf ' a £ £ Rents due but not accrued .. .. .. m Unleased' ;; " ;; " 19 > 3^ Revenue Account: Balance carried forward '"'a™ Sundry debtors: Rent .. .. " " « Cash in Treasury Deposit Account at 31st March, 1940 432 £20,011 - £20,011

Thos. Pound, Assistant Under-Secretary for Lands. G. I. Hue,son, Chief Accountant.

I hereby certify that the Revenue Account and Balance-sheet have been dulv examine! nnrl a

B.—l [Pt. IV].

CROWN LAW OFFICE. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Salaries .. .. .. .. .. .. 7,846 Law-costs .. .. .. .. .. .. 115 Annual certificates .. .. .. .. .. 38 Balance .. .. .. .. .. 8,645 Printing and stationery .. .. .. .. 227 Postages .. .. .. .. .. . . 30 Purchase of Law Reports, &c. .. .. .. 77 Telephone servioes .. .. .. .. .. 142 Advertising, newspapers, &c. .. .. .. .. 9 Office fittings, requisites, repairs .. .. .. 8 Travelling-expenses .. .. .. .. .. 61 Sundry expenses .. .. .. .. .. 10 Kent .. .. .. .. .. ■ • 312 £8,760 £8,760 £ £ Balance brought down .. .. .. .. 8,645 Excess of expenditure over income .. .. .. 8,687 Interest on capital .. .. .. .. .. 42 £8,687 £8,687

Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital .. .. .. •• •• •• 1,077 Furniture, library, and mechanical appliances .. .. 1,077 Creditors — £ Debtors: Departmental .. .. .. .. 42 Departmental .. .. .. .. 70 Payments in advance .. .. .. .. 58 Sundry .. .. .. .. •• 44 Excess of expenditure over income .. .. .. 8,687 — 114 Treasury Adjustment Account .. .. .. 8,673 £9,864 £9,864 H. H. Cornish, Solicitor-General.

B.—l [PT. IV].

LAND AND DEEDS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Salaries .. .. .. .. .. 44,666 Land transfer fees— Advertising .. .. .. .. .. 252 General .. .. .. .. .. 58,429 Binding .. .. .. .. .. .. 223 Compulsory registrations .. .. .. .. 3,884 Draughtsmen's work .. .. .. .. 9,549 Deeds registration fees .. .. .. .. 609 Freight and cartage .. .. .. .. 2 Land and income tax registration fees .. .. 266 Fuel and light .. .. .. .. .. 377 Balance carried down .. .. .. .. 1,534 Law-costs.. .. .. .. .. .. 25 Office cleaning .. .. .. .. .. 256 Office equipment .. .. .. .. .. 60 Postages .. .. .. .. .. .. 345 Printing and stationery .. .. .. .. 764 Rent .. .. .. .. .. .. 7,744 Telephone services .. .. .. .. .. 283 Transfer expenses .. .. .. .. .. 33 Travelling-expenses.. .. .. .. .. 40 Typewriters .. .. .. .. .. 37 Contingencies .. .. .. .. .. 15 Writing off Reserve .. .. .. .. 1 Depreciation .. .. .. .. .. 50 £64,722 £64,722 £ £ Balance down .. .. .. .. .. 1,534 Excess of expenditure over income .. .. .. 1,743 Interest on cpaital .. . . .. .. .. 209 £1,743 £1,743 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital Account .. .. .. .. 5,330 Furniture .. .. .. .. .. .. 4,784 Creditors — £ Mechanical appliances .. .. .. .. 79 Departmental .. .. .. . . 89 Library .. .. .. .. .. .. 467 Sundry .. .. .. .. .. 1,144 Assets in Suspense .. .. .. .. .. 1 1,233 Debtors— £ Writing off Reserve .. .. .. .. .. 1 Departmental .. .. .. .. 230 Treasury Adjustment Account . . .. .. 741 Sundry .. .. .. .. .. 1 231 Excess of expenditure over income .. .. 1,743 £7,305 £7,305 Note. —The value of free searches (calculated at ordinary search-fee rates) made by local bodies, surveyors, and Government Departments during the year ended 31st March, 1940, was £6,321. P. G. Pearce, Secretary for Land and Deeds. 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, Controller and Auditor-General.

RESERVE FUND ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income,. £ Excess of income over expenditure .. .. .. 44,087 Interest on investments .. .. .. .. 43,838 Interest on loans (section 38 (a), Hawke's Bay Earthquake Act, 1931) .. .. .. .. .. 249 £44,087 £44,087 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital, Ist April, 1939 .. .. .. .. 1,998,930 Investment Account— Add amount recovered in respect of debt previously Nominal Value. written off as irrecoverable .. .. .. 5 t> m.- i. n ■ r 335,671 British Conversion Loan, 1944-64 .. 342,137 1 998 935 31,551 Imperial War Loan .. .. .. 33,760 Less 367 222 BQ7 Administration expenses (section 39, £ , T 4 , , ~ Hawke's Bay Earthquake Act, 1931) .. 1 New Zealand Government stock, 1958 .. .. 865,000 Grants under section 38 (a), Hawke's Bay * nterest a , ccru ° d °? "vestments .. 14,853 Earthquake Act, 1931 .. .. 84 Loans under Hawke s Bay Earthquake Act, Losses written off on loans under section 0 00 , v . . i v 38 (a), Hawke's Bay Earthquake Act, Section 38 (a) private individuals) .. 55 ,857 ,qoi Section 38 (6) (local authorities) .. 141,401 " " " " _ 19 g 693,258 Interest due and unpaid on loans .. .. .. 781 1 998 742 Interest postponed .. .. .. .. 604 Excess of income over expenditure for year ended 31st Sundry debtors .. •• •• •• 360 March, 1940 .. .. .. .. .. 44,087 -Treasury Adjustment Account 27,849 Cash in -Reserve 1< und Account .. .. .. 64,220 Cash in Deposits Account £2,042,829 £2,042,829

A. R. P. Mackay, M.Com. (N.Z.), Ph.D. (Lond.), Accountant to the Treasury.

B. -1 [PT. IV],

MAIN HIGHWAYS ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1940, and Total to Date.

* For detailed statement see parliamentary paper D.-l, page 23. t Excludes £60,408 10s. 7d. interest credited. Note.—No charge for the cost of exchange on interest payments made in London is included in the accounts.

I Total since j Total since . Total for [ Inception of Main j mmire ! Total for Inception ol Main EXPENDITURE. Year 1989-40. | Highways Act, 1922, ! Year 1939-40. Highways Act, 1922 to 31/3/40. to 31/3/40. £ £ Loans raised under Main Highways Act, 1922 — £ £ Net expenditure on construction, renewals, maintenance, &c.* .. .. 4,599,022 29,117, 672 Stock and Debentures issued Administration At 3 per cent, interest .. .. .. .. .. .. 101,500 3,745,725 Administration expenses (including salaries, travelling-expenses, £ At 3£ per cent, interest .. .. .. .. .. 250 684,040 office rents, printing, stationery, postages, and miscellaneous At 'if per cent, interest .. .. .. .. .. .. 190,895 expenses) .. .. .. •• 183,999 .. 972,386 At 4 per cent, interest .. .. .. .. .. .. 658,477 1,942,937 Fees and travelling-expenses of members of the Main Highways _ At 4J per cent, interest .. .. .. .. .. .. 542,005 Board other than Government members .. .. . ■ 1,143 .. 19,405 Treasury bills Miscellaneous expenses — At various rates of interest .. .. .. .. .. 1,925,000 1,875,000 Advertising, maps, rent of halls, traffic tallies, transport of At 2 per cent, interest .. .. .. .. .. .. .. 100,000 samples, depreciation of furniture, &c. .. .. .. 73 •• 6,116 At 4 per cent, interest .. .. .. .. .. .. .. 925,000 Compassionate grants to widows and relatives of deceased At 4£ per cent, interest .. .. .. .. .. 500 500 employees .. .. .. .. .. 1,000 Securities redeemed, Loans Redemption Account .. .. .. .. 984,420 Compensation under section 3, Public Works Amendment Consolidated Fund— Public Debt Repayment Account .. .. .. 55,720 Act, 1925 .. .. ■■ •• •• •• 1 > 015 Exchange on remittances 230 8,090 2,685,/ 27 11,046,242 Grant to Transport Department towards traffic inspection .. 10,000 .. 32,906 Finance Act, 1932, section 55—Premium on exchange .. .. .. 121,875 121,875 Penological laboratory and other experimental work, Expenses Receipts under section 15, Finance Act, 1923, from Public Works Fund, of . .. .. .. .. 1,833 .. 12,998 General Purposes Account (at 5 per cent, interest) .. .. .. .. 1,226,000 Income from — Total administration .. .. .. 197,278 1,056,916 Motor-registration licenses, fees, and fines (section 24, Motor- £ Loan charges : ! vehicles Act, 1924) .. .. .. .. 620,773 Charges and expenses of raising loans, management charges of Less Commission on. collection by Post and Telegraph Consolidated Stock on account of Construction Fund, &c. .. 3,031 .. 72,666 Department — £ Interest on amount appropriated out of Public Works Fund and Motor-registration fees and licenses .. .. 23,505 paid into Main Highways Account Construction Fund .. 61,300 613,000 Fees for registration of change of ownership .. 8,882 Interest on loans, recoupment to Consolidated Fund (section 4, 32,387 Finance Act, 1919) .. . • ■■ •• •• 282,195 .. 1,594,448 588,386 5,965,920 Transfer to reserve for redemption of main highway securities.. 299,615 .. 1,143,410\ Interest from investments .. .. .. .. .. .. 1,462 217,969 Payment to local authorities in commutation of toll-gate charges Interest from local authorities on plant purchased on their behalf .. 3,679 30,845 (Finance Act, 1925, section 20) .. .. •• •• 1,510 •• 30,202 Interest on advances to local authorities .. .. .. .. 3,424 37,096 Payment to Wellington City Council in commutation of fees Mileage Tax (Finance Act, 1931-32 (No. 2), section 19) .. .. 10,715 31,674 chargeable in respect of motor-vehicles using Hutt Road Miscellaneous receipts .. .. .. .. .. .. 1,860 5,096 (Finance Act 1927 (No. 2), section 33) .. .. .. 23,503 .. 278,625 Motor-spirits tax (section 9, Motor-spirits Taxation Act, 1927) .. .. 2,057,001 15,674,987 Tire-duty (sections 13 and 14, Main Highways Act, 1922) .. .. 102,706 2,470,385 Total loan charges •• ■■ •• 671,154 3,732,351 Transfer from Consolidated Fund (section 14, Main Highways Act, 1922) .. 210,000 Subsidies, &c., in respect of other than main highways — ■ Rent of and tolls from ferries .. •. .. .. .. .. 2,082 Municipal Corporations (Municipal Corporations Act, 1933, - section 71) 29,635 .. 273,445 County Councils and other local authorities (Finance Act, 1930, section 37) •• 176,951 .. 1,659,357 Subsidies to County Councils for rebate to ratepayers (Finance Act (No. 4), 1931, section 45) .. .. .. .. . • • • 253,893 Subsidy on rates levied on farming land (Finance Act (No. 3), 1934, section 28) .. •• •. •• •• Gr.12 .. 364,431 Maintenance and construction of roads giving access to outlying areas (Finance.Act (No. 3), 1931) ■. .. . • • • • • 45,918 Total subsidies .. •• •• 206,514 2,597,044 Balance, being excess of income over expenditure, carried to general balance-sheet .. .. .. •• •• •• •• Cr. 97,133 536,188 5,576,835 37,040,171 5,576,835 37,040,171

MAIN HIGHWAYS ACCOUNT— continued. General Balance-sheet as at 31st March, 1940.

s—B. 1 [PT. IV

B.—l [Ft. IV]

J. W. Scott, A.R.A.N.Z., Chief Accountant, Public Works Department. J. Wood, Chairman, Main Highways Board. 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 departmental notes enfaced thereon.— Cyril G. Collins, Controller and Auditor-General.

Notes.—(a) 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 frnm Ist April, 1936, and are now termed the " Main Highways Account," in accordance with section 3, Finance Act (No. 2), 1935. °

LIABILITIES. Total. ASSETS. Total. i | £ £ £ £ Balance at 31/3/39 .. .. .. .. .. .. .. 633,321 Cash in Public Account — Less excess of expenditure over income for 1939-40 .. .. .. 97,133 At call .. .. .. .. .. .. 80 173 . 536,188 Sundry debtors — Sundry creditors Public Works Department .. .. .. .. .. 24,090 Public Works Department .. .. .. .. .. 70,561 Other Government Departments .. .. .. .. .. 2,756 Other Government Departments .. .. .. .. .. 17,953 Non-departmental .. .. .. .. .. .. 17 232 Non-departmental ............ 325,320 ! 44 078 413,834 Advances to local authorities (Main Highways Amendment Act, 1926. Interest accrued on loans .. .. .. .. .. .. .. 66,795 section 2) .. .. .. .. .. .. .. .. 83 167 Reserves for redemption of securities .. .. .. .. .. 219,399 Motor-registration fees in hands of Postal Department .. .. .. 1562 Writings-off in Suspense .. .. .. .. .. ... .. 3,030 Interest due and accrued .. .. .. .. .. .. .. 2 664 Interest paid in advance .. .. . . .. .. .. .. 7'671 Buildings and land.. .. .. .. .. .. .. 72 '185 Stocks of materials, tools, &c. .. .. .. .. .. .. 247 606 Furniture, fittings, &c. —• Expenditure to 31/3/40 .. .. .. .. .. .. 935 Less depreciation to 31/3/40 .. .. .. 569 366 .Plant and equipment — For Main Highways Board — Expenditure to 31/3/40.. .. .. .. .. .. 615,428 Less depreciation charged to works .. .. .. .. 215,643 399 785 Purchased for local authorities — Expenditure to 31/3/40.. .. .. .. .. .. j 108,615 Less repayments of principal .. .. .. .. .. 31 j 055 Amount transferred to Loans Redemption Account .. .. .. j 1,128,064 Less amount utilized for redemption of securities .. .. .. 908, 665 Stocks Deficits Account .. .. .. .. .. .. ,, 3' £1,239,246 £1,239,246

B.—l [Ft. IV].

MENTAL HOSPITALS DEPARTMENT. Institutional Accounts for the Year ended 31st March, 1940.

V MENTAL HOSPITALS DEPARTMENT. Institutional Accounts for the Year ended 31st March, 1940. Auckland. j Dunedin. | Hokltika. Nelson, j Porinia. Tokanui. KIngseat. Marton. Totals. Expenditure. ££££££££££ ga]aries . 59,190 70,850 68,168 25,421 35,738 75,607 36,064 24,445 .. 395,483 Official visitors,. .. 44 25 .. 11 .. 25 .. .. .. 105 Advertising, books, &c. .. .. 21 20 57 35 - 12 -J- 32 .. 211 Bacteriological research .. 93 4 .. I J 138 13 .. .. - ,l Bedding and clothing .. .. 5,155 5,178 4,520 1.987 2,647 5,511 2,277 2,276 29,551 Buildings, repairs, and maintenance 3,271 4,368 6,380 785 1,916 3,112 8,093 2,396 .. 30,321 Dental services .. • 1 33 19 7 12 5 3 9 89 Farm-produce consumed 3,774 6,099 12,234 1,222 3,511 5,015 6,105 2,646 .. 40,606 Fencine. draining, and roading .. 1 •• 8 1 .. 18 25 .. .. 5.S Freight and cartage .. .. 38 475 288 53 237 244 220 141 .. 1,696 Fuel light, water, &c 7,430 7,903 5,239 2,137 5,361 6,533 4,058 2,696 .. 41,357 Funeral expenses .. •• 37 74 81 14 101 83 58 31 .. 4/9 Furniture, repairs, fro 177 191 295 252 279 308 205 724 .. 2,431 Gardens and shrubberies .. 67 104 22 15 15 18 62 40 .. 343 Laundry expenses .. .. 237 389 321 78 164 535 281 200 .. 2,205 Machinery, repairs, and stores .. 128 197 166 35 153 155 100 103 .. 1,037 Maintenance of motor-vehicles .. 19 313 276 76 138 306 172 163 .. 1,463 Medical fees 706 425 334 57 75 758 105 2 .. 2,462 Nursing staff— _ , ... , _. Transfer expenses .. .. 11 19 32 4 5 11 9 61 .. Iol m « m « a « m >» :: mS SS,r'— :: :: ...S i £ « J Patients'friends •• •• •• 50 .. .. .. .. .. .. 50 gratuities .. •• 13 3 -7 14 118 74 3 .. .. - recreation .. 988 869 825 403 545 1,094 553 361 .. 5,638 transfer expenses .. 27 94 244 8 11 47 6 .. .. 437 „ treatment in general hos- 71 55 107 5 22 111 13 68 .. 452 Postages arid telegrams .. •• 146 130 180 28 47 174 81 59 .. 845 Printing and stationery.. .. 210 231 145 71 94 211 107 102 ., 1,171 «. Rations .. l(i,719 18,830 10,576 6,740 11,006 21,353 8,048 7,919 .. 101,191 Stores Loose and artisans' tools .. 112 37 81 6 26 118 87 41 .. 508 0ther .. .. 466 890 347 317 258 852 440 230 .. 3,800 .> aml dl ® penSary_ . 306 413 362 130 83 482 161 105 .. 2,042 Wines and spirits .. .. 8 2 .. .. 1 7 .. .. .. IS Telephone services .. •• 73 105 207 37 59 155 90 111 .. 837 Travelling-expenses .. .. 163 87 156 32 21 106 27 30 .. 622 Travelling-allowances .. .. 75 65 187 52 81 68 58 83 .. 669 Sundry expenses .. • • ,r >7 56 13 15 38 63 2 1 .. 245 Head Office administration expenses 1,491 1,518 1,255 536 898 1,736 745 673 .. 8,852 Law-costs .. .. • • 2 .. .. • • . • 1 .. •. .. 3 Grants to widows or relatives of .. .. 104 .. Jb .. .. .. .. MO officers Depreciation 3,863 6,914 8,259 3,166 6,306 7,660 5,649 8,412 .. 50,229 Total .. •• 106,586 127,488 122,161 43,935 70,594 133,080 74,310 54,321 .. 732,475 Plus profit carried down .. . • • • • • • • • • • • • • • • 500 500 Total .. •• 106,586 127,488 122,161 43,935 70,594 133,080 74,310 54,321 500 732,975 ££££££££££ Balance brought down .. .. 72,450 91,027 91,079 31,020 50,134 91,553 56,442 38,462 .. 522,167 Interest .. .. •• 5,981 10,390 8,629 3,814 8,446 10,810 6,840 14,367 949 70,226 Net loss from farm .. .. • • • • • • .. .. .. .. .. 52 Total .. •• 78,431 101,417 99,708 34,886 58,580 102,363 63,282 52,829 949 592,445 Income. ££££££££££ Contribution from Social Security 27,601 28,546 23,659 9,995 16,783 32,570 13,946 12,900 .. 166,000 Board and lodging .. •• 5,957 7,211 6,689 2,665 3,280 7,896 3,286 2,664 .. 39,648 Metal, rags, &c„ sale of 16 10 11 10 19 33 99 Offal, institution .. .. 143 118 40 31 14 156 63 2 .. 567 T)„ nt ,. 435 546 674 175 375 851 552 260 500 4,368 g a e oks .'I .. .. 38 .. 43 .. .. .. 81 Sundries • ■ • • • • 24 10 .. 8 1 2 .. .. 45 Balance carried down .. .. 72,450 91,027 91,079 31,020 50,134 91,553 56,442 38,462 .. 522,167 Total .. •• 106,586 127,488 122,161 43,935 70,594 133,080 74,310 54,321 500 732,975 Net profit from farms .. .. 333 3,592 1,851 .. 763 1,893 3,435 753 .. 12,620 Net profit carried down .. • • • ■ • • • ■■ • • ■ ■ 500 500 Excess expenditure over income .. 78,098 97,825 97,857 34,886 57,817 100,470 59,847 52,076 449 579,325 Total .. .. 78,431 101,417 99,708 34,886 58,580 102,363 63,282 52,829 949 592,445 ££££££££££ Net cost per patient per year ex- 81 95 110 95 94 87 113 110 .. 96 eluding the contribution from Social Security Fund ! " " 2e

B.—l [PT. IV

MENTAL HOSPITALS DEPARTMENT—continued. Farm Working Account for the Year ended 31st March, 1940.

Balance-sheet as at 31st March, 1940. fj tabi'lit ICS. £ Assets. £ Capital Account Public Works Fund ... .. 2,444,721 Land .. .. .. ~ 241 057 Sundry oreditors — £ Buildings (institutional) .. . . . . ' 1-317*869 Departmental.. .. .. .. 2,034 Buildings (farm) .. .. ' 30'919 Other .. .. .. .. 9,961 Improvements .. .. .. .. .. 100102 11,995 Other vehicles .. .. .. 1^348 Bad Debts Reserve .. .. .. 58,296 Loose and artisans'tools .. .. .. 2 057 Writing-off Reserve Account .. .. .. 2,301 Farm implements .. .. [[ 3 024 Treasury Adjustment Account .. .. .. 293,218 Plant and machinery (institutional) .. . . 91,663 Plant and machinery (farm) .. .. .. 2 845 Furniture and fittings .. .. .. .. 581073 Stores and equipment .. .. .. .. 145 048 Motor-vehicles .. .. .. .. ~ 2 540 Surgical instruments .. .. .. .. '784 Live-stock .. ~ .. .. .. 30 449 Stored and growing crops .. .. .. ] 7 090 Sundry debtors— £ Departmental.. .. .. .. 532 Others .. .. .. .. 183,453 183,986 Payments in advance .. .. .. .. 51 Assets in Suspense .. .. .. .. 2 301 Excess of expenditure over income .. .. 579,325 £2,810,531 £2,810,531

Note.—No charge has been made in farm acoounts in respect of patients' labour. T. G. Gray, Direetor-General of Mental Hospitals. F. J. Twiss, Accountant.

I hereby certify that the Farm Working Accounts, Institutional Accounts, 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 departmental notes enfaced thereon, and 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.

Auckland. church. Dunedin. Holtitika. Nelson. Porirua. Tokanui. Kingseat. Totals. Expenditure. £ £ £ £ £ £ £ £ £ Live-stock at 1st April, 1939 .. 1,871 4,352 6,269 452 4,072 4,030 7,039 2 948 31 039 Stored and growing crops at 1st 1,067 3,830 3,873 120 1,312 937 2,362 1 590 ls'o91 April, 1939 Purchases of live-stock .. .. 115 548 5,281 47 85 45 2,152 82 8 355 Live-stock sundries .. .. 25 47 111 13 8 12 27 30 273 Salaries and wages .. .. 1,055 2,496 4,957 889 2,153 1,869 2,829 1 443 17 691 Peed 591 627 909 112 345 1,278 391 481 4'734 Fertilizers .. .. .. 263 170 364 90 282 331 661 508 2 669 Seeds .. .. .. 83 532 129 39 66 128 69 200 I 246 Repairs .. .. .. 97 234 176 10 .. 58 87 55 717 Sundries .. .. .. 105 289 202 84 343 238 101 248 1,610 Buildings repairs .. .. .. .. ,. ,. 3 2 ' g Machinery repairs .. .. .. 12 7 .. .. .. j 20 Fencing, draining, and reading .. 20 60 153 17 49 io2 180 78 659 Freight and cartage . . .. 47 .. 29 .. .. .. 65 41 182 Rent, rates, &c. .. .. .. 519 .. .. .. 5jg Depreciation .. .. .. 137 170 315 39 187 277 254 13 1 392 Carried down .. .. .. 1,764 5,369 3,269 48 1,836 3,141 4,519 1,449 21!395 Total .. .. 7,240 19,255 26,044 1,960 10,741 12,454 20,736 9,167 107,597 Interest on capital .. .. 1,431 1,777 1,418 100 1,073 1,248 1,084 696 8 827 Net profit to Institutional Accounts 333 3,592 1,851 .. 763 1,893 3,435 753 12 620 Total .. .. 1,764 5,369 3,269 100 1,836 3,141 4,519 1,449 21,447 Income. ££££££££ £ " Live-stock sales .. .. 636 2,409 1,773 10 1,279 1,204 2,958 1 380 11 649 Poultry .. .. .. 328 800 757 .. 248 865 .. 2'998 Skins, hides, &c. .. .. 55 23 1,396 8 10 39 363 27 1,921 Wool.. .. .. .. .. 316 167 .. 365 106 274 .. l'228 Butterfat .. .. .. .. .. 816 .. 242 116 934 802 2,910 Milk and cream .. .. 1,688 2,993 3,390 742 1,522 3,138 1,731 1 386 16 590 Fruit and vegetables .. .. 1,721 2,014 2,279* 250 1,596 1,156 1,447 l'252 ll'715 Meat .. .. .. .. 19 333 5,876 230 165 104 2,926 28 9'681 Cereals, hay, &c. .. .. .. 1,253 68 .. 29 .. .. .. l'350 Sundries .. .. .. .. .. .. .. 16 .. " ' 10 Live-stock as at 31st March, 1940 1,682 4,638 5,726 531 3,839 4,320 30,449 Stored and growing crops, 31st 1,111 4,476 3,796 189 1,430 1,406 2,882 1'800 n'090 March, 1940 ' ' Total .. .. 7,240 19,255 26,044 1,960 10,741 12,454 20,736 9,167 107,597 £££££££££ Profit brought down .. 1,764 5,369 3,269 48 1,836 3,141 4,519 1,449 21,395 Net loss to Institutional Account.. .. .. .. 52 .. .. | ~ ' 52 Total .. .. 1,764 5,369 3,269 100 1,836 3,141 4,519 1,449 21,447

13.—1 [PT. IV].

NATIONAL COMMERCIAL BROADCASTING SERVICE. Income and Expenditure Account for the Yeah ended 31st March, 1940. Expenditure. Income. Expenditure on programmes, £ s. d. £ s. d. £ s . <|. including payments to artists, Sales of station time .. .. .. .. 171,547 11 1[ hire of special recordings, relay Service fees .. .. .. .. .. 553 18 0 lines, and sundry miscellaneous Miscellaneous .. .. .. .. 29 3 11 items .. .. .. 14,775 8 2 Less sundry programme charges borne by advertisers .. 2,891 8 6 11,883 19 8 Broadcasting rights and copyright .. .. 4,758 0 8 General administrative and running expenses, including rents, rates, and insurance, lighting, heating, and power, legal and audit, printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings, plant and office and studio equipment, advertising, commission, participation in New Zealand Centennial Exhibition, and sundry miscellaneous items .. .. .. .. .. 116,360 4 11 Interest .. .. _.. .. 3,678 3 9 Bad debts .. .. .. . . .. 1,270 14 6 Depreciation .. .. .. .. 12,123 4 4 Balance carried down : Net profit for year .. 22,056 6 0 £172,130 13 10 £172,130 13 10 £ s. d. Balance brought forward from previous year .. 2,709 17 7 Fire loss, Station 3ZB : Balance written off .. 5,529 12 8 Reserve for income-tax .. .. .. 13,400 0 0 £ s. d. Balance .. .. .. .. .. 416 15 9 Balance brought down .. .. .. 22,056 6 0 £22,056 6 0 £22,056 6 0

Balance-sheet as at 31st March, 1940. Liabilities. Assets. £ s. d. £ s. d. Advances from Broadcasting Account .. .. 77,025 10 7 Land and buildings .. .. .. .. 4,923 7 4 Creditors— £ s. d. Transmitting and technical equipment .. .. 24,911 7 2 Sundry .. .. .. 1,739 12 0 Office and studio equipment, including furniture, Departmental .. .. 714 6 9 typewriters, office mechanical appliances, and Commission .. 2,485 011 library .. .. . . .. ..22 773 1 3 V 4,938 19 8 Purchase of Station IZB, Auckland .. .. 20 0 0 Revenue received in advance .. .. .. 121180 Motor-vehicle .. .. .. .. 371117 Fees collected on behalf of agents .. .. 170 0 0 Records, music, and script .. .. .. 5,397 14 6 Income-tax deposits of staff .. .. .. 10 0 Highcliffe relay installation .. . ; .. ' 300 0 0 Deposits on account of prize-money for competitions 731 19 9 Work in progress .. .. .. .. 329 9 9 Deposit Account .. .. .. .. 29 13 4 Payments in advance .. .. .. 71 19 10 Reserve for income-tax .. .. .. 13,400 0 0 Unplayed episodes of features .. .. .. 656 11 6 Writings off, Reserve .. .. .. 1,687 13 10 Stocks of spares, transmitting and technical equiplncome and Expenditure Account .. .. 416 15 9 ment .. .. .. ~ .. 7 987 7 8 Debtors— £ s. d. £ s. d. Sundry .. 23,677 8 11 Departmental .. 345 2 7 24,022 11 6 Less reserve for bad debts .. 2,600 0 0 21,422 11 6 Cash in bank .. .. .. .. 7,641 1 8 Cash on deposit .. .. .. .. 29 13 4 Writings off, Suspense .. .. .. 1,687 13 10 £98,523 10 11 £98,523 10 11

C. G. Scrimgeour, Controller.

11 -1 [FT. IV

NATIONAL BROADCASTING SERVICE. Revenue Account for the Year ended 31st March, 1940. Expenditure. Income. ... ... . , . s - d- £ s. d. £ s, d. Expenditure on programmes, including salaries of License fees .. .. 390,430 1 1 programme staff .. .. .. .. 110,410 7 3 Less license fees paid in advance 9,959 15 4 Maintenance of plant, including salaries of engi- _ neering and operating staffs .. .. 41,318 3 2 380,470 5 9 General administrative and running expenses, Less refunds of unexpired including salaries of administrative and clerical portion of radio license fees 270 18 5 staffs .. .. .. .. 33,724 9 4 380,199 7 4 Expenditure on New Zealand Listener .. .. 30,437 4 2 Receipts from New Zealand Listener .. .. 18 096 4 9 Subsidies to "B" stations .. .. .. 202 10 0 Interest .. .. .. .. .. 8 745 9 4 Payments to stations operated under contract .. 1,113 5 4 Rents .. .. .. ' U5O 12 8 Contribution to Public Service Superannuation Fund .. .. .. .. .. 614 0 4 Contribution to Radio Research Committee .. 1,565 4 0 Depreciation of assets .. .. .. 47,766 4 4 Balance transferred to Accumulated Fund .. .140,840 6 2 £407,991 14 1 £407,991 14 1

Balance-sheet as at 31st March, 1940. Liabilities. Asset*. £ 8 . ,|. I. Accumulated Fund— £ h. d. £ s. d. I. Land and buildings .. .. .. 171,859 17 8 Balance as at Ist April, 11. Machinery and plant .. .. .. 72,123 10 9 1939 •• •• 557,522 0 3 111. Office and studio equipment .. .. 20*215 2 8 Transfer from Revenue IV. Newsprint stocks .. .. .. 5,586 15 0 Account .. .. 140,840 6 2 V. "B" station purchases .. .. 0 0 698,362 12 5 VI. Works in progress .. .. .. 4 (SOB 12 2 11. License fees paid in advance .. 9,959 15 4 VII. Sundry debtors and pre111. License fees in hands of Post payments and Telegraph Department .. 112,465 311 Departmental (license £ s. d. IV. Sundry creditors— fees, &c.) .. .. 125,550 18 10 Departmental .. .. 15,760 .12 5 Other .. .. 2,380 15 0 Other.. .. .. 4,590 18 2 127,-931 13 10 ■ ————• 20,351 10 7 VIII. Temporary investment .. 290,000 0 0 Accrued interest thereon 2,205 9 3: 292,205 9 3 IX. National Commercial Broadcasting Service (advances, interest, and copyright fees) .. .. 77,025 10 7 X. Cash in bank— Broadcasting Account 64,527 14 4 Broadcasting Imprest Account .. .. 54 16 0 64,582 10 4 £841,139 2 3 £841,139 2 3

James Shelley, Director of Broadcasting.

13.—1 [FT. IV].

NATIONAL PROVIDENT FUND. Revenue Account for the Year ended 31st December, 1939. Dr. Gr. Amount of Fund at beginning of year (Ist £ s. d National Provident Fund Act, 1926- — £ s. d. January, 1939) .. .. .. .. 5,290,257 14 3 Maternity claims (section 19) .. .. 2,172 0 0 National Provident Fund Act, 1926 — Maternity claims (section 43) .. .. 23,634 0 0 Contributions .. .. .. .. 299,308 2 9 Refund ot contributions on lapse, reduction, Interest .. .. .. .. 212,626 19 0 and withdrawal (sections 11, 12, and 13) .. 96,298 15 5 Fines (section 11 (4) ) .. .. .. 427 8 9 Refund of contributions in lieu of annuity Government contribution under Act (sec- (section 14) .. .. .. .. 11,678 18 11 tions 52 and 74 (2)) .. .. .. 76,662 I 7 Incapacity allowances (sections 17 and 18), Refund of maternity claims by the State including contributions waived on incapacity (sections 42 (2) and 70) .. .. 25,770 0 0 (£1,538 95.) .. .. .. -. 9,826 7 6 Contributions overpaid on exit .. .. 76 6 7 Death: Refund of contributions (sections Benefits refunded on exit (sections 11 to 16 15 (5) and 16) .. .. .. 32,138 8 6 and 28) .. .. .. .. 16,443 7 2 Death: Allowances on account of widows Miscellaneous receipts .. .. .. 4 2 5 and children (section 15) .. .. 12,772 8 4 Refunds unclaimed .. .. .. 809 13 1 Annuities (sections 13 and 48) .. .. 82,352 19 10 Refund of contributions overpaid on exit .. 76 0 7 Public Trustee: Charges .. .. .. 2,861 11 0 Legal expenses .. .. .. .. 159 711 Amount of Fund at end of year (31st December, 1939) .. .. .. .. 5,648,414 11 7 £5,922,385 15 7 £5,922,385 15 7

Balance-sheet as at 31st December, 1939. Liabilities. £ s. (1. Asset#. Fund as por Revenue Account .. .. 5,048,414 11 7ln hands of Public Trustee — £ s. d. National Provident Fund Act, 1926— Invested .. .. .. .. 5,618,373 10 10 Claims due and in course of payment* — Uninvested .. .. .. .. 4,480 18 !) Maternity (sections 19 and 43) .. .. 1,649 13 11 Post Office .. .. .. .. 4,554 2 0 Death: Refunds (section 16) .. .. 1,730 11 3 Ralancos in transit -• 8,706 6 7 Death : Refunds (section 15 (5)) .. 4,169 11 3 National Provident Fund Act, 1926 — Death: Allowances (section 15) .. 300 011 Contributions outstanding or in course of Annuities (sections 13 and 48) .. .. 2,759 0 2 transmission*— Allowances (section 17) .. .. 272 12 11 (a) Contributions due but not overdue .. 12,108 17 7 Public Trustee: Charges* .. .. .. 1,156 15 10 (b) Contributions overdue .. .. 2,154 15 6 Refunds in Suspense .. •• 62,639 15 10 Government subsidy due under Act* (sections 52 Suspense Account .. .. •• 676 14 10 and 74 (2)) .. .. .. •• 76,662 1 7 Contributions prepaid .. .. .. 11,268 0 1 Refund due in respect of maternity claims* Investment Fluctuation Reserve .. .. 72,300 10 4 (sections 42 (2) and 70) .. .. 3,552 0 0 Fines due* (section 11 (4)) .. .. 135 6 8 Interest due* .. .. .. .. 9,017 8 4 Interest accrued but not due* .. .. 67,592 11 1 £5,807,337 18 11 £5,807,337 18 11 ♦Included in Revenue Account. R. Sinel, Superintendent.

R. M. Porteous, A.R.A.N.Z., Accountant.

I hereby certify that the Revenue 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, except that the Department has, without authority, given retrospective effect to section 26 of' the Finance Act (No. 2), 1939, involving thereby over-refunds of contributions to the amount of £1,354. —Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. IV].

STATE FIRE INSURANCE OFFICE. Revenue Account of the Accident Branch of the State Fire Insurance Office for the Year ended 31st December, 1939. r ' £ s - d. Cr. £ s d Premiums after deduction of reinsurances .. 261,122 16 0 Free-year bonus on personal-accident policies 367 7 11 Interest .. .. .. .. . 20,198 10 8 Claims .. .. .. .. ~ 167,672 4 2 Income-tax.. .. .. .. .. 19,576 610 Commission .. .. .. .. 10,716 2 6 Salaries .. .. .. .. .. 21 ,'4lO 4 0 Contribution to Public Service Superannuation Fund •• •• .. .. .. 200 16 0 Expenses of management .. .. .. 9 ; 837 2 6 Further appropriation to reserve for unearned premiums .. .. .. 25,052 8 3 254 832 12 2 Further appropriation to Reinsurance Reserve .. 16,000 0 0 Further appropriation to Investment Fluctuation Reserve ~ .. .. .. 10,000 0 0 Amount of accident funds, 31st December, 1939.. 488 14 6 £281,321 6 8 £281,321 6 8

Balance-sheet of the Accident Branch of the State Fire Insurance Office as at ,31st December, 1939. Liabilities. £ g, d, £ g . d. Accident funds, as per Revenue Account .. 488 14 6 Government securities .. .. .. 212515 0 0 Outstanding accident claims .. .. .. 113,730 0 0 Local-authority securities .. .. 209 888 17 11 Government taxes .. .. .. 25,776 610 Rural Advances bonds .. .. .. 0 0 Commission .. .. .. .. 1,994 9 1 Property under agreement for sale and purchase 3,980 0 0 Premiums and other deposits .. ~ .. 948 9 6 Fixed deposits and at short call .. .. 97 820 0 0 Sundry creditors .. .. .. .. 27761 Interest accrued but not due .. .. .. 4' 335 22 Reinsurance premiums duo .. .. ~ 1,294 15 3 Agents'balances .. .. .. .. 3 0 Officers' Fidelity Fund .. .. ~ 500 0 0 Sundry debtors, including Motor-vehicles InsurReserve for unearned premiums .. .. 130,561 8 0 ance (Third-party Risks) Act pool .. .. 87,462 6 7 Investment Fluctuation Reserve .. .. 60,000 0 0 Cash in hand on current account .. .. 38 479 5 7 Reinsurance Reserve .. .. .. 56,000 0 0 Bad Debts Reserve .. .. .. 1,000 0 0 Reserve Fund constituted under section 6 of the Government Accident Insurance Amendment Act, 1924 .. .. .. .. 275,725 5 0 £668,296 14 3 £668,296 14 3

J. H. Jerram, General Manager. L. 11. Osborn, Deputy General Manager.

B.—l [Pt. TV

STATE FIRE INSURANCE OFFlCE—continued. Revenue Account of the State Fire Insurance Office for the Year ended 31st December, 1939. Dr. £ s. d. Or. £ s. d. Premiums after deduction of reinsurances .. 205,539 10 5 Bonus rebate to policyholders .. .. 37,200 13 5 Other receipts— £ •s. d. Losses by fire and earthquake (after deduction of Interest, commission, and rent 52,934 811 reinsurances) .. .. .. .. 39,443 7 6 Less land-tax .. .. 2,191 14 2 Income-tax.. .. ~ .. .. '51,273 1 10 50,742 14 9 Commission .. .. .. .. 10,663 5 6 Salaries .. .. .. .. .. 31,798 11 11 Contributions to Public Service Superannuation Fund .. .. .. .. .. 404 14 6 Contributions to Fire Boards under the Fire Brigades Act, 1908 .. .. .. 11,364 12 4 Expenses of management— £ s. d. Travelling-expenses .. .. 2,088 17 0 Printing, stationery, and advertising .. .. 1,311 17 11 Rent .. .. .. 1,470 2 0 Exchange .. .. .. 50 3 5 Postages, telegrams, cablegrams, and sundrv charges.. 3,434 7 0 : 8,355 7 4 Office equipment .. .. .. .. 3,129 7 7 Office premises: Depreciation .. .. 3,880 17 2 197,513 19 1 Investments Fluctuation Reserve .. .. 10,000 0 0 Reinsurance Reserve .. .. .. 20,000 0 0 Office premises : Written off .. .. .. 28,000 0 0 Amount of fire-insurance funds at end of year .. 768 6 1 £256,282 5 2 £256,282 5 2

Balance-sheet of the State Fire Insurance Office as at 31st December, 1939. Liabilities. Assets. £ s. d. Capital authorized by the State Fire £ £ s. d. Government securities .. .. .. 642,189 12 0 Insurance Act, 1908 .. .. 100,000 Local-authority securities .. .. .. 257,879 15 2 Less not raised .. .. .. 100,000 Rural Advances bonds .. .. .. 14,175 0 0 —r Nil. Fixed deposits and at short call . . .. 130,000 0 0 Bad Debts Reserve .. .. .. .. 1,500 0 0 Land and buildings .. .. .. .. 165,573 19 11 Reserve Fund ... ... .. .. 747,160 10 3 Outstanding premiums .. .. .. 10,891 13 3 Investments Fluctuation Reserve Fund .. 85,000 0 0 Interest accrued but not due .. .. .. 10,482 3 10 Reserve for unearned premiums .. .. 104,246 911 Rent accrued or due.. .. .. .. 4,190 15 2 Bonus Rebate Reserve .. .. .. 112,500 0 0 Rent overdue .. .. .. .. 138 0 0 Reinsurance Reserve Fund .. .. .. 140,000 0 0 Cash in Reserve Bank of New Premium and other deposits .. .. .. 1,059 11 9 Zealand at Wellington, or in £ s. d. Outstanding fire and earthquake losses.. .. 4,459 0 0 transit to Wellington .. 96,376 18 9 Government taxes .. .. .. .. 83,848 16 10 Imprest Account balances: Head Sundry creditors .. .. .. .. 35,684 0 5 Office and Branches .. .. 1,344 19 9 Other amounts owing by the Office— £ s. d* 97,721 18 6 Reinsurance premiums due 12,268 3 8 Commission .. .. 2,174 14 0 Printing, stationery, and advertising .. .... 38 12 10 Postages and sundry charges 2,534 12 1 17,016 2 7 Fire-insurance funds, as per Revenue Account . . 768 6 1 £1,333,242 17 10 £1,333,242 17 10

J. H. Jerram, General Manager. L. H. Osborn, Deputy General Manager.

B.—l [Pt. TV].

PRINTING AND STATIONERY DEPARTMENT. Trading Account for the Year ended 31st March, 1940. Dr - Or. £ £ Paper and materials— £ £ Sales 1 Stock at beginning .. .. .. 40,659 Manufacturing .. .. .. 238,148 Add purchases ~ .. .. 53,367 Less work in progress, 31st March, 1939 .. 19,121 94,026 219 027 Less stock on hand, 31st March, 1940 .. 22,423 Add work in progress, 31st March, 1940.. 18 219 71,603 Stationery- 237,246 Stock at beginning .. .. .. 11,178 Stationery .. .. .. . 63 124 Add purchases .. .. ..47,321 Publications .. .. .. .. 8^026 • Typewriters .. .. .. .. 4*686 58,499 313 08^ Less stock on hand, 31st- March, 1940 .. 8,880 Discounts received '33T 49,619 Publications — Stock at beginning .. .. 10,864 Add purchases . . .. ~ 2,947 13,811 Less stock on hand, 31st March, 1940 .. 11,546 2,265 Typewriters— Stock at beginning .. .. .. 723 Add purchases .. .. ... 4,372 5,095 Less stock on hand, 31st March, 1940 .. 776 4,319 Wages (productive) .. .. 96,802 Wages (establishment) .. .. .. 31,593 Wages (Stationery Office) .. .. .. Freight (inwards) .. .. .. .. 7,446 Lighting (proportion) .. .. .. 557 Power .. .. .. ~ . 574 Fuel .. .. .. .. .. 640 Water .. .. .. .. ~ 220 147,801 Balance, transferred to Profit and Loss Account .. 37,806 £313,413 £313,413

Profit and Loss Account for the Year ended 31st March, 1940. Dr : £ Or. £ Office salaries .. .. .. .. .. 8,379 Balance transferred from Trading Account .. .. 37,806 Repairs and alterations to buildings and plant .. 1,132 Storing and handling stationery, &c., for other Government lostages and telegrams .. .. .. .. 1,439 Departments .. .. ..1 483 1 reight and cartage (outwards) .. .. .. 3,460 Commission on sales of publications .. .. .. 1501 Insurance .. .. .. .. .. .. 237 Rent receivable .. .. .. . ' 236 Exchange .. .. ~ . . .. .. 23 Discounts allowed .. .. .. .. .. 146 Telephones (rental) .. .. .. .. .. 119 Medical services .. .. ~ ~ ~ 16 Lighting, &c. (proportion) .. .. .. .. 62 Proportion of rent, &c., High Commissioner's Office .. 340 Office expenses .. .. .. .. ~ 338 Sundry trade expenses .. .. .. .. 749 Audit fee .. .. .. .. .. .. 150 Wages: Cleaners, watchmen, &c. .. .. .. 2,510 Interest on capital .. .. , . .. 9,720 Depreciation— £ Buildings .. .. .. .. 1,012 Plant and machinery .. .. .. 6,557 Furniture, fittings, and office equipment .. 87 Type and type metal .. .. .. 106 Accessories . . . . .. .. 493 8,255 Losses on disposal of assets . . .. .. .. 16 Rent of storage space . . .. .. .. 866 Centennial Exhibition . Cost of exhibits, &c. .. .. 194 Balance carried down ~ .. .. .. 2,875 £41,026 £41,026 £ Balance brought down .. .. .. .. 2,875

6—B. 1 [PT. IV].

B.—l [PT. IV].

PRINTING AND STATIONERY DEPARTMENT—continued. Balance-sheet as at 31st March, 1940. Liabilities. Assets, £ Capital Account — £ £ Land .. .. .. .. .. .. 54,359 Public Works Eund .. .. .. 112,623 Buildings .. .. .. .. .. 34,992 I Consolidated Eund .. .. .. 130,375 Plant and machinery— £ 242,998 Composing plant .. .. .. 1,181 Creditors Machine composing plant .. .. 7,497 Departmental .. .. .. .. 2,045 Addressograph plant .. .. .. 93 Sundry .. .. .. .. 10,221 Printing plant .. .. .. .. 10,908 12,266 Binding plant .. .. .. .. 6,344 Wages accrued .. .. .. . . . • 2,813 Litho plant .. .. .. .. 3,173 Bad Debts Reserve .. .. .. .. 164 Photo plant .. .. .. ..1,134 Writing-off, Suspense Account .. . . .. 205 Stereotype plant .. .. . . .. 692 Balance, Profit and Loss Account .. .. .. 2,875 Engine-room plant .. .. .. 516 Miscellaneous plant .. .. .. 4,792 36,330 Eurniture, fittings, and office equipment .. .. 701 Type and type metal .. .. .. .. 12,135 Accessories—• Composing Branch .. .. .. 1,707 Machine Composing Branch .. .. 47 Printing Branch .. .. .. .. 44 Binding Branch ... .. .. 276 Litho Branch .. .. .. .. 72 Photo Branch .. .. .. .. 28 Stereotype Branch .. .. .. 10 Engine-room .. .. .. .. 80 Paper-store .. .. .. ■. 139 2,403 Payments in advance .. .. .. .. 16 Debtors— Departmental .. .. .. .. 15,238 Sundry .. .. .. .. 3,426 18,664 Work in progress .. .. .. •• •• 18,219 Stock— On hand .. .. .. .. 43,403 In transit .. .. .. • • 46 On consignment .. .. .. .. 176 43,625 Stock Suspense Account .. .. .. • • 189 Assets to be written off .. . . .. • • 16 Treasury Adjustment Account .. .. -• 39,672 £261,321 £261,321

A. W. Gyles, A.R.A.N.Z., Accountant.

I hereby certify that the Receipts and Payments, Trading, and 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV], and to the comment that the asset Type and type metal, £12,135," is not supported by stock-sheets— Cyril G. Collins, Controller and Auditor-General.

(For Receipts and Payments Account see parliamentary paper H.-36, page 2.)

B.—l [PT. IV].

VALUATION DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Advertising, publications, &c. .. .. .. 163 Fees charged for Valuers'reports .. .. .. 11,354 Assessment and other Court expenses .. .. 1,134 Certified copies of existing roll values .. .. 2,556 Depreciation on office furniture, fittings, and maps .. 1,089 Contributions from— Fees to Valuers .. .. .. .. .. 16,326 Local bodies .. .. .. .. .. 19,238 Freight and cartage .. .. .. .. 49 Land and Income Tax Department.. .. .. 19,238 Fuel and light .. .. .. .. .. 43 Levying and collecting hospital rates in Sounds and Taupo Maps (maintenance) .. .. .. .. 583 Counties and in part Waiheke Island .. . . 175 Office expenses .. .. .. .. .. 381 Balance carried down .. .. .. .. 15,951 Overtime and meal allowance .. .. .. 73 Services of Post and Telegraph Department .. .. 100 Postages and telegrams .. .. .. .. 687 Printing and stationery .. .. .. .. 697 Rent .. .. .. .. .. 3,959 Removal of offices .. .. .. .. .. 178 Salaries .. .. .. .. .. .. 37,167 Telephone services .. .. .. .. .. 580 Transfer and removal expenses .. .. .. 229 Travelling-expenses.. .. .. .. .. 5,035 Typewriter repairs .. .. .. .. .. 39 £68,512 £68,512 £ £ Balance brought down .. .. .. .. 15,951 Sale of surplus stores .. .. .. 11 Interest on capital .. .. .. .. .. 730 Excess of expenditure over income .. .. .. 16,670 £16,681 £16,681

Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital .. .. .. .. .. .. 18,360 Office furniture and fittings .. .. .. ~ 1,245 Creditors— £ Mechanical appliances .. .. .. .. 475 Sundry .. .. .. .. .. 1,406 Maps .. .. . v .. .. .. 16,640 Departmental .. .. .. .. 159 Stationery.. .. .. .. .. .. 1,129 1,565 Debtors — £ Payments in advance .. .. .. .. 14 Local bodies .. .. .. .. 12,726 Bad debts reserve .. .. .. .. .. 27 Land and Income Tax Department.. .. 19,238 Suspense Account: Hospitals and Charitable Institutions Sundry .. .. .. ~ .. 334 Act, 1926 .. .. .. .. .. 329 Sundry departmental .. .. .. 4,267 Treasury Adjustment Account .. .. .. 52,749 36,565 Deposits Treasury : Hospitals and Charitable Institutions Act, 1926 .. .. .. .. .. 320 Excess of expenditure over income .. .. .. 16,670 £73,044 £73,044

W. Stewart, Valuer-General.

B.—l [PT. IV].

NATIONAL PROVIDENT AND FRIENDLY SOCIETIES DEPARTMENT. NATIONAL PROVIDENT FUND DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. Income. £ Administration charges— £ £ Recoveries .. .. .. .. .. 3 Salaries .. .. .. •• 10,050 Balance carried down .. .. .. .. 113,925 Audit .. .. . . .. •. 175 Fees for certificates of birth. &c. .. .. 50 Rent 2,119 Commission, allowances, and agency expenses 5,419 Postages, telegrams, &c. .. .. .. 320 Telephone services .. .. .. 137 Government Actuary : Services .. .. 300 Post and Telegraph Department: Services 549 Travelling allowances and expenses .. 178 Printing and stationery .. .. .. 339 Fuel, light, power, and water .. .. 122 Removal of offices .. .. .. 33 Office maintenance .. .. .. 16 19,807 Other items — Maternity claims .. .. .. 17,692 State subsidy .. .. .. .. 76,222 Depreciation .. .. .. .. 207 94,121 £113,928 £113,928 £ £ Balance brought down .. .. .. .. 113,925 Excess of expenditure over income .. .. .. 113,994 Interest on capital .. .. . ■ 69: £113,994! £113,994

I FRIENDLY SOCIETIES DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1940. Expenditure. Income. £ Administration charges-— £ £ Sundry fees .. .. .. .. .. 3 Salaries .. .. • • • • 1,108 Sundry credits .. .. .. . . .. 18 Postages and telegrams .. .. .. 77 Excess of expenditure over income .. .. .. 4,702 Printing and stationery ... .. .. 101 Rent .. .. • • • • • • 341 Telephone services .. .. .. .. 13 Government Actuary : Services .. .. 3,052 Fuel, light, power, and water .. .. 18 Office maintenance .. .. .. 13 ■ 4,723 £4,723 £4,723

NATIONAL PROVIDENT AND FRIENDLY SOCIETIES DEPARTMENT. Balance-sheet as At 31st March, 1940. Liabilities. £ Assets. £ Capital Account .. .. '.. .. •• 1,676 Office furniture and fittings .. .. .. 1,008 Creditors — Mechanical appliances .. .. .. .. 668 Departmental .. .. .. .. • • 150 Debtors : Departmental .. .. .. .. 290 Sundry .. . ■ •• •* .. 1,138 Stamps .. .. .. .. .. .. 20 Writing off. Suspense Account .. .. .. 5 Assets Suspense Account .. .. .. .. 5 Treasury Adjustment Account .. .. .. 117,718 Excess of expenditure over income— £ National Provident Fund Department .. 113,994 Friendly Societies Department .. .. 4,702 118,696 £120,687 £120,687

R. Sinel, Superintendent. R. M. Porteous, Accountant,

I hereby certify that the Income and Expenditure 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 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.

B.—l [PT. IV],

PUBLIC SERVICE SUPERANNUATION FUND. Revenue Account for the Y,ear ended 31st March, 1940. Dr. £ s. d. Cr. Amount of fund at beginning of year .. 3,199,010 8 1 Retiring-allowances— £ s. d. £ s d Members'contributions— To members .. .. 503,670 7 6 Under section 19 (ordinary) .. .. 391,693 10 10 To widows and children .. 46,472 10 4 Transferred from other superannuation funds 1,686 19 0 550 142 17 10 Interest on arrears of contributions .. 409 12 4 Contributions returned— Government subsidy— Under section 37 (left Service) 49,988 3 5 Under section 50, Public Under section 42 (death) .. 21,809 19 4 Service Superannuation £ s. d. Under section 34 (retirement) 4,961 7 9 Act, 1927 . . .. 86,000 0 0 —759 jq q Under section 19,: Finance Contributions transferred— Act (No. 3), 1934 .. 40,877 14 6 To other superannuation funds .. .. 153 17 2 Under section 4, Finance To National Provident Fund (section 30, Act (No. 2), 1939 22,000 0 0 Finance Act, 1938) .. .. .. 771 4 j Under section 114, Public Premium on stock: Proportion written off .. 370 14 3 Service Superannuation , } .i; ' v Loss on realization of securities .. .. 658 22 Act, 1927 (widows and ' Expenses— £ s . d. children) .. .. 20,184 17 9 Audit fees .. .. 75 0 0 Under section 27, Statutes Contingencies .. .. 119 4 Amendment Act, 1936 Furniture and fittings .. 349 13 0 (actuarial pensions) .. 743 0 0 Heating, lighting, and cleaning 52 6 5 169,805 12 3 Legal charges .. .. 126 5 11 Interest on investments . . 116,669 13 11 Medical fees .. .. 104 0 0 Less amounts written off by Messenger service .. .. 14 10 4 Court orders: Mortgagors Overtime and meal allowance 107 0 6 and Lessees Rehabilitation Postages and services .. 333 4 5 Act, 1936 .. .. 56 14 3 Post and Telegraph Department charges .. .. 1,162 11 6 116,612 19 8 Printing and stationery .. 188 9 3 Reimbursement by Treasury Public Trustee's charges .. 2,356 14 4 on account reduction in Removal expenses.. .. 18 2 1 interest* .. .. 11,963 16 1 Rent .. .. .. 395 14 10 128,576 15 9 Salaries .. .. .. 2,948 5 2 Subsidy— Travelling - expenses Board Cook Islands and Samoa .. .. .. 937 4 10 members .. .. 20 6 11 Imperial War Graves Commission . . .. 22 10 0 Typewriters and other maFines, fees, and sundries .. . . .. 591 5 6 chines (upkeep) .. . . 9 6 4 Stipendiary Magistrates' Account: Administra- " g 263 10 4 tion expenses recovered .. .. .. 43 13 10 Balance as at 31st March, 1940 .. .. 16 1 £3,892,777 12 5 £3,892,777 12 5

» Payment by Treasury of amount of statutory reduction of interest on mortgage securities (National Expenditure Adiustment Act, iq<!9 p»rt rm £2,209 6s. (id.; statutory reduction of interest, New Zealand Government inscribed stock (New Zealand Debt-conversion Act, 1932-33) £4 749 4s 7d • statutSv reduction of interest, local-body debentures (section 5, Local Authorities Interest Reduction and Loans Conversion Act, 1932-33), £5,005 55.: total, £11 ,'963 16s. Id

Balance-sheet as at 31st March, 1940. Liabilities. Assets. £ s d Superannuation Fund Account— £ s. d. £ s. d. Amount invested bv the Board .. . 3 023 298 7 1 Balance due from Revenue _ Contributions of members— £ s. d. ' Account .. .. 3,255,657 16 1 In course of transmission .. 32,961 I 3 Add value of office furniture, Due and outstanding .. 6,636 12 11 fittings, and machinery 564 7 7 ~. 3g rjgy 2 Interest on investments— 3,256,222 3 8 Accrued but not due .. 28,414 10 4 Less amounts due to con- Due but not overdue .. 2,726 6 0 tributors under the Due and outstanding .. 9,019 2 9 provisions of section 9 in icq in i (2), National Expendi- Subsidy— ture Adjustment Act, Cook Islands and Samoa .. 112 19 8 1932 .. .. 65,531 7 11 Imperial War Graves Com3,190,690 15 9 mission .. .. 5 12 6 Retiring and other allowances Section 114, Public Service due in course of payment— Superannuation Act, 1927 To members .. .. 3,172 4 2 (widows and children) .. 1,926 5 4 To widows and children .. 541 4 6 2 044 17 6 3,713 8 8 Cost-of-living bonus (recoverable) .. .. 44 2 4 Refunds of contributions due Rates, fees, and premiums paid on account in course of transmission — mortgagors (recoverable) .. , 408 1 10 Under section 37 (left Ser- Premiums paid on purchase £ s. d. vice) • • • • 1 > 986 6 4 Government stock .. 3,951 14 0 Under section 42 (death) 4,267 4 5 Less amount written off . . 373 13 3 Under section 34 (retire- 3 843 1 4 7,096 12 1 Cash in hand, Public Trustee -f *12'251 \ 5 Contributions transferable to other superannua- ' 1 jg 4gg tion funds .. .. .. .. 71 17 0 Post Office Account .. .. .. 36'291 5 11 Expenses due in course of Bank account .. .. .. 1 18 11 payment— £ s. d. Office furniture, fittings, and machinery .. 564 7 7 Heating and lighting .. 2 8 7 Assets in Suspenso .. .. 663 610 Postages and services .. 28 6 2 Post and Telegraph Department charges .. .. 268 0 6 Printing and stationery .. 20 5 7 Rent .. .. .. 44 8 4 Typewriters and other machines (upkeep) .. 0 5 0 363 14 2 Unclaimed account (contributions, &c.) .. 450 4 9 Writing off, Suspense Account .. .. 663 6 10 Contributions paid in advance or in error .. 1,278 3 3 Public Trustee's charges on accrued interest .. 1,036 17 9 Amount due to contributors under the provisions of section 9 (2), National Expenditure Adjustment Act, 1932 .. .. .. .. 65,531 7 11 £3,270,896 8 2 £3,270,896 8 2 * On deposit at call.

B.—l [PT. IV].

PUBLIC SERVICE SUPERANNUATION FUND —continued. Stipendiary Magistrates' Account. Revenue Account for the Year ended 31st March, 1940. Dr. £ s. d. Gr. £ s. d. Amount of fund, Ist April, 1939 .. .. 23,973 10 6 Retiring-allowances .. .. .. .. 5,032 10 9 Members' contributions : Section 63, Public Service Contributions returned : Section 63, Public Service Superannuation Act, 1927 .. .. .. 1,716 0 0 Superannuation Act, 1927 .. .. .. 1,053 8 1 Interest on investments .. .. .. 987 0 11 Loss on realization of securities .. .. 5 4 8 Subsidy under section 4, Finance Act, 1939 (No. 2) 5,000 0 0 Premium on stock : Proportion written off .. 219 0 Administration expenses .. .. .. 43 13 10 Balance as at 31st March, 1940 .. .. 25,538 15 1 £31,676 11 5 £31,676 11 5

Balance-sheet as at 31st March, 1940. Liabilities. Assets. £ s. d. Stipendiary Magistrates' Account— £ s. d. £ s. d. Amount invested by tile Board .. .. 25,710 6 9 Balance due from Revenue Ac- ) count .. .. .. 25,538 15 1 Less amounts due to contributors under the provisions of section 10 (3), National Expenditure Adjustment Act, 1932 .. .. .. 471 5 11 25,067 9 2 Retiring-allowances due in course of payment .. 171 11 8 Amount due to contributors under the provisions of section 10 (3), National Expenditure Adjustment Act, 1932 .. .. .. .. 471 511 £25,710 6 9 £25,710 6 9

Subsidiary Account. Cost-of-living Bonus paid to Annuitants of the Public Service Superannuation Fund on behalf of the Treasury. Dr. £ s. d. Gr. £ s. d. Balance due from Treasury .. .. .. 018 7 Amount received from Treasury .. .. .. 655 8 9 Amount disbursed .. .. .. •. 698 12 6 Balance due from Treasury .. .. .. 44 2 4 £699 11 1 £699 11 1

R. Sinel, Acting-Secretary, M. P. Finnigan, Accountant, Public Service Superannuation Board.

I hereby certify that the Revenue Account and Balance-sheet have been duly compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV]

WORKING RAILWAYS ACCOUNT. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1940.

(For Income and Expenditure Accounts of separate activities see parliamentary paper D.-2, pages 37 and 41-43.)

Net Revenue Account.

Year 1939-40. ! Year 1938-39. Gross Revenue. Expenditure. Net Revenue. Gtobs Revenue. Expenditure. Net Revenue. tj .. £ ' s. d. £ s. d. . £ s. d. £ s. d. \ £ s. d. \ £ s. d Raflway operation .. .. .. .. .. 8,761,637 7 7 7,943,119 18 1 818,517 9 6 8,005,059 7 10 • 7,663,632 4 9 \ 341,427 3 1 Lake steamers .. .. .. .. 7,362 0 0 11,119 19 8 Dr. 3,757 19 8 7,167 13 0 \ 11,312 14 5 ! Dr. 4 145 1 5 Refreshment service .. .. .. .. .. 200,870 18 4 186,628 1 7 14,242 16 9 167,709 16 6 163,188 12 1 4-521 4 5 Bookstall service .. .. .. .. .. 112,855 1 1 106,240 13 5 6,614 7 8 92,603 19 3 88.143 12 6 4,460 6 9 Advertising service .. .. .. .. .. 36,417 1 5 34,061 1 6 2,355 19 11 40,070 13 8 35,134 2 10 4,936 10 10 Wwelhngs V , , •• 141,888 14 8 204,174 12 5 Dr. 62,285 17 9 133,945 11 2 187,193 1 1 Dr. 53,247 9 11 -buildings occupied by refreshment service, bookstall pro- 31,434 13 0 21,196 2 2 10 238 10 10 r,£T torS / &c - . ' 23,888 18 10 15,644 18 4 8,244 0 6 Koad motor services .. .. .. .. .. 512,758 10 4 503,498 2 1 9,260 8 3 505,611 11 3 480,074 12 2 25 536 19 1 Miscellaneous revenue 393,845 10 7 .. 393,845 10 7 369,329 16 7 .. 369,329 16 7 10,199,069 17 0 9,010,038 10 11 .. 9,345,387 8 1 8,644,323 18 2 Total net revenue to Net Revenue Account .. .. .. I 1,189 031 6 1 J 701 063 9 11

Df ' 1939-40. 1938-39. C r. 1939-40. 1938-39. t , j s. d. j £ s. d. £ s. d. £ s d n erest c arges .. .. .. .. | 2,575,195 10 11 2,418,116 9 6 Net earnings before charging interest on capital .. 1,189,031 6 1 701,063 9 11 Reduction on account of interest charges, vide 1,386,164 4 10 1,717,052 19 7 section 14, Finance Act, 1930 (No. 2) ' 2,575,195 10 11 2,418,116 9 6 2,575,195 10 11 2,418,116 9 6

B.—l [Pt. I \

Note.— Unopened lines are under the control of the Public Works Department, and all expenditure out of the Public Works Fond in connection therewith is included in the accounts of that Department.

WORKING RAILWAYS ACCOUNT— continued. Capital Account as at 31st March, 1940.

Total to 31st March Year ended Total to 31st March, ' Total to 31st March, Year ended ! Total to 31st March, 1939. ' 31st March, 1940. 1940. j 1939. 31st March, 1940. 1940. Expenditure. £ s. d. £ s. d. £ s. d. | Receipts. £ s. d. j £ s. d. £ s. d. Permanent- wav Works, buildings, ma- 52,467,785 9 8 2,921,965 16 4 55,389,751 6 0 ; Capital included in public debt .. 59,838,110 4 8 : 4,584,090 11 3 64,422,200 15 11 chinery, plant, and dwellings j Other capital .. .. .. 9,033,902 6 6 .. | 9,033,902 6 6 Rolling-stock, lake steamers, and road 13,776,877 15 4 1,451,862 10 8 15,228,740 6 0 j mot ° rs 68,872,012 11 2 4,584,090 11 3 73,456,103 2 5 Lines closed for traffic .. .. 362,662 9 4 •• 362,662 9 4 | Deduct accrued depreciation and 10,400,000 0 0 [ .. 10,400,000 0 0 ■ other losses of capital written off 66,607,325 14 4 4,373,828 7 0 70,981,154 1 4 : in accordance with subsection (2) Deduct accrued depreciation on exist- 8,604,200 12 6 456,009 18 11 9,060,210 11 5 I section 23, of the Government ing assets Railways Amendment Act, 1931 58,003,125 1 10 3,917,818 8 1 i 61,920,943 9 11 j Add unexpended balances: Deprecia- 673,482 13 3 464,762 3 10 j 1,138,244 17 1 58,472,012 11 2 4,584,090 11 3 63,056,103 2 5 tion Fund Outstanding liabilities .. .. 204,595 3 11 Dr. 20 1,509 19 4 3,085 4 7 15 1 £4,382,580 11 11 £63,059,188 7 0 £58,676,607 15 1 £4,382,580 11 11 £63,059,188 7 0

B.—l [PT. TV],

WORKING RAILWAYS ACCOUNT—continued. General Balance-sheet as at 31st March, 1940. Liabilities. Assets. Sundry creditors — £ s. d. £ s. d. £ s . d. £ s. d. General creditors (including Sawmills, bush areas, and stocks unpaid wages) and credit of timber .. .. .. 199,213 18 8 balances .. .. 743,138 9 8 Stores and materials on hand— Government Departments .. 23,461 6 2 Stores Branch .. .. 1,975,853 15 8 766,599 15 10 Subsidiary Services .. 22,640 13 0 Collections for refund to— \ 993 494. § g Harbour Boards, shipping Sundry assets— companies, and other Advertising Branch .. 14,539 18 11 carriers .. .. 29,902 15 9 Refreshment Branch .. 38,537 8 4 Government Departments .. 280 12 1 Housing improvements .. 9,152 1 7 30,183 7 10 , 62,229 8 10 Items to be written off on Sundry debtors— receipt of parliamentary Government Departments .. 98,359 4 4 authority .. .. .. 5,720 17 7 Advances: Housing scheme General Reserve .. .. 1,144,552 17 8 under Government RailDepreciation Reserve Account 1,138,244 17 1 ways Amendment Act, Renewals Reserve Account .. 582,707 16 II 1927, section 15 (5), RailInsurance Reserve Accounts — . ways employees .. 142 0 1 Fire .. .. .. 102,563 2 4 Work in progress, sundry Workers'compensation .. 51,192 14 5 debtors, and debit balances 222,748 8 9 Slips, Floods, and Accidents 321 249 13 2 Equalization Account .. 10,693 16 8 Employment Promotion Fund: 3, 029, 955 5 1 Subsidized works .. .. .. 489,232 II 10 Employment Promotion Fund : Subsidy on Outstanding at stationsworks .. .. .. .. .. 489,232 11 10 Cash in hand .. .. 30,238 4 0 Betterments Reserve Account : Refreshment Freights, &c., owing by GoBranch .. .. .. .. 3,663 17 6 vernment Departments .. 89,765 6 5 Sick Benefit Fund .. .. .. 43,156 9 1 Freights, &c., owing by sundry debtors .. .. 190,273 II 5 — 310,277 1 10 Sick Benefit Fund investments .. .. 43,898 10 8 Cash in Working Railways Account .. .. 943,916 11 1 £4,368,512 4 9 £4,368,512 4 9 W. Bishop, A.R.A.N.Z., Chief Accountant.

I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books a,nd documents submitted for audit, and correctly set out the position as disclosed thereby, subject to the above departmental note, and to the exception that the cost of exchange in respect of interest payments made in London during the year for the purposes of this account has not been charged to the account but has been borne by the Consolidated Fund.—Cyril G. Collins, Controller and Auditor-General. (For Reserve Accounts see parliamentary paper D.-2, page 45.)

NEW ZEALAND STATE COAL-MINES. General Profit and Loss Account for the Year ended 31st March, 1940. Dr. Cr. Net loss— £ s. d. £ s. d. Net profit— £ s. d. £ s. d James Colliery .. 1,072 2 6 Liverpool Colliery .. 3,361 3 1 Strongman Colliery .. .. 3,730 610 Mac Donald Colliery .. . 1,667 14 6 4,802 9 4 Wellington Depot .. .. 2,514 10 5 Runanga water-supply scheme .. .. 1,000 0 0 Christchurch Depot .. .. 1,219 0 3 Balance: Net profit for year carried down .. 14,840 1 4 Wanganui Depot .. .. 13 4 8,763 11 7 Net recoveries— Seddonville Colliery .. .. 37 10 2 Royalties .. .. .. 4,542 5 4 Stores sales .. .. .. 173 3 10 4,752 19 4 Net revenue from hire of plant, buildings, &c. 112 6 9 Interest on investments .. .. .. 7,013130 £20,642 10 8 £20,642 10 8 £ s - d. £ s. d. Sinking Fund Account for redemption of loan Net profit for year .. .. .. 14,840 1 4 capital .. .. .. .. .. 5,500 0 0 Balance : Net surplus for year ~ . . 9,340 1 4 £14,840 1 4 £14,840 1 4

(For Profit and Loss Accounts of the separate undertakings and for other subsidiary statements see parliamentary paper C.-2a.)

7—B. 1 [PT. IV].

B.—l [Pt. IV]

NEW ZEALAND STATE COAL-MINES —continued. Balance-sheet as at 31st Maech, 1940. Liabilities. Assets. Loan capital— £ s. d. £ s. d. Collieries • Securities at 3 per cent 116,286 13 4 Development and Property Accounts 197,704 8 11 Securities at 4 per cent. .. .. .. .. .. 51,666 13 4 Machinery, plant, ropes, and rolling-stock .. •• I Q 167,953 6 8 Electric plant (James Colliery) .. .. •• •• i,9bb Id 9 Accrued interest on loan capital .. .. .. .. .. 1,340 19 8 Buildings at mines .. .. •• •• •• 9 , Departmental. Sundry. Cottages at mines .. .. • • • - • • > -J Sundry creditors— £ s. d. £ s. d. Plantations at mines .. .. • • • • • • Liverpool Colliery .. ..2,032 11 6 15,231 12 5 17,264 3 11 Coal stocks (bins, wharf, and afloat) .. .. .. '9/ i lu James Colliery .. .. .. .. 210 16 1 210 16 1 Stores on hand .. .. .. • • • • • • 18 Strongman Colliery .. .. .. 966 7 3 966 7 3 , Wellington Depot .. .. 83 18 10 986 19 3 1,070 18 1 a 9 Christchurch Depot .. .. 902 4 7 648 2 3 1,550 610 Less provisionally written off .. .. .. .. 01 u 334 072 12 11 Wanganui Depot.. ...... 11001 10 0 ' -<•> , - M Prospecting on State Coal Reserve .. .. .. • • • • 74d 15 U 3,018 14 11 18,045 7 3 21,064 2 2 Plant, equipment, &c., on hire ~ .. •• •• •• * Deposits on contracts .. .. .. .. .. • • 1 > 090 0 0 Depots— Sinking Fund .. .. .. .. .. .. •• 5,502 3 8 Property Accounts .. .. .. •• 10,096 17 i 0 Reserves Stocks and stores on hand .. .. •• •• 1d,4U0 0 1 General Reserve .. .. .. .. .. •• 233,418 13 8 Bad Debts Reserve .. .. .. .. .. 1,480 0 0 o'a™ ,s k Accident Insurance Reserve .. .. .. .. 9,648 8 3 Less provisionally written off .. .. .. •• > 244,547 1 11 "" o o General Profit and Loss Account: Net surplus for year .. .. ■■ 9,340 1 4 Sinking Fund investments .. .. •• •• •• •• Housing advances to workmen .. .. .. •• 15,4d7 11 1 Interest accrued due .. .. .. •• 180 12 9 15,618 3 10 Departmental. Sundry. Sundrv debtors— £ s. d. £ s. d. Liverpool Colliery .. .. 12 2 0 4,381 17 6 4,393 19 6 James Colliery .. .. .. •• 21 11 7 21 11 7 Strongman Colliery .. .. 67 4 4 963 17 4 1,031 1 8 Mac Donald Colliery .. .. • • 871 12 1 871 12 1 Wellington Depot .. • • 53 13 1 41,140 16 2 41,194 9 3 Christchurch Depot .. •• 872 12 2 4,822 13 7 5,695 5 9 1,005 11 7 52,202 8 3 53,207 19 10 Less provisionally written off .. .. .. • • 104 6 0 F 53,103 13 10 Cash in Receiver-General's Deposit Account .. .. .. .. 1 > 090 0 0 Cash in Public Account .. .. •• •• •• 18,774 10 6 Imprests outstanding .. . • • • • • • • 144 7 1 £450,837 15 5 £450,837 15 5

I hereby certify that the attached Working and Profit and Loss Accounts of Depots and Collieries, General Profit and Loss 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. Cyril G. Collins, Controllei and Auditor-General.

State Coal-mines Office, Wellington, C. 1. . H. H. Gibson, for Accountant. P - C. Webb, Minister of Mines.

B.—l [PT. IV].

DAIRY INDUSTRY LOANS. (Agriculture (Emergency Powers) Act, 1934.) & Revenue Account for the Year ended 31st March, 1940. Dr. £ Or. £ s Balance at Ist April, 1939 .. .. .. .. 40 Interest on advances .. .. .. .. 1,657 Interest, Public Works Fund: Capital .. .. 1,670 Balance carried down .. .. .. .. 53 £1,710 £1,710 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital Account: Public Works Fund .. .. 41,746 Advances under section 26, Agriculture (Emergency Treasury Adjustment Account .. .. .. 2,111 Powers) Act, 1934 .. .. .. .. 39,924 Sundry acoounts in credit: Principal instalments .. 34 Cash in hands of State Advances Corporation .. .. 3,514 Sundry debtors for principal instalments .. .. 1 Interest accrued but not due .. .. .. 399 Revenue Account .. .. .. .. .. 53 £43,891 £43,891 A. R. F. Mackay, M.Com. (N.Z.), Ph.D. (Lond.), Accountant to the Treasury. I hereby certify that the Revenue 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, Controller and Auditor-General.

STAMP DUTIES DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Salaries .. .. .. .. .. 28,515 Adhesive stamps .. .. .. .. 134,319 Advertising .. .. .. .. .. 117 Duty on instruments .. .. .. .. 367,811 Binding .. .. .. .. .. 18 Death duty .. .. .. .. .. 1,549,260 Freight and cartage .. .. .. .. 112 Gift duty .. .. .. .. .. 180,567 if Fuel and light .. .. .. .. .. 220 Fines and penalties .. .. .. .. 1,740 Interest on succession duty refunded .. .. 9 Impressed stamps .. .. .. .. 231,595 Law-costs .. .. .. .. .. 472 Licenses to companies .. .. .. .. 93,120 Messenger service .. .. .. .. 250 Overseas passenger duty .. .. .. .. 22,413 Office cleaning .. .. .. .. .. 67 Racing duty .. .. .. ~. .. 793,767 Office equipment: Maintenance .. .. .. 122 Amusements-tax .. .. .. .. 98,957 Overtime and meal allowances .. .. .. 211 Sharebrokers'licenses .. .. .. .. 1, 770 Postage .. .. .. .. .. 1, 427 Mortgagees' indemnity fees .. ~ .. 1,667 Printing and stationery .. .. .. .. 1,061 Lottery duty .. .. .. .. .. 24,083 Refunds— Miscellaneous fees .. .. .. .. 19 Death duty .. .. .. .. .. 10 Overseas passenger duty .. .. .. 28 Stamp duty .. .. .. .. .. 38 Totalizator-tax .. .. .. .. 46,238 Rent .. .. .. .. .. .. 3,208 Stamp-production .. .. .. .. 1,000 Stamping machinery: Maintenance .. .. 49 Telephones .. .. .. .. .. 296 Transfer expenses .. .. .. .. 94 Travelling-expenses .. .. .. .. 77 Typewriters: Maintenance .. .. .. 43 Valuation fees .. .. .. .. .. 319 Contingencies .. .. .. .. .. 3 Depreciation .. .. .. .. .. 527 Writing off Reserve .. .. .. .. 2,910 Balance carried down .. .. .. .. 3,413,647 £3,501,088 £3,501,088 £ 7" Interest on capital .. .. ~. .. 177 Balance brought down .. .. .. .. 3,413 647 Balance: Excess of income over expenditure .. 3,413,470 £3,413,647 £3,413,647 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capita] .. .. .. .. .. 4,473 Furniture .. .. .. .. 2,011 Creditors — £ Mechanical appliances .. .. .. .. 120 Departmental.. .. .. .. 24,663 Machinery and plant .. .. .. .. ,2.167 For refunds .. .. .. .. 7,463 Library .. .. .. .. . . 175 Sundry .. .. .. .. 724 Assets in Suspense .. .. .... .. 2 910 32,850 Debtors— £ Writing off Reserve .. .. .. .. 2,910 Departmental .. .. .. 29,676 Sundry depositors .. .. .. .. 434 Sundry .. .. .. .. 456,243 Excess of inoome over expenditure .. .. 3,413,470 485,919 Deposit accounts, departmental .. ~. 434 Treasury Adjustment Account .. .. .. 2.960 401 3 _____ ' £3,454,137 £3,454,137

P. G. Pearce, Commissioner of Stamp Duties,

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, Controller and Auditor-General.

B.—l [PT. IV

REPATRIATION ACCOUNT. Interest Receivable Account for the Year ended 31st March, 1940. v Dr. £ Cr. £ Interest on bills of sale, &c., overdue on 31st March, 1939 .. 958 Interest collected during year .. .. .. .. 171 Interest charged to accounts for year .. .. 40 Interest written off during year .. .. .. .. 250 Interest on bills of sale, &c., overdue on 31st March, 1940 .. 577 k ■ £998 £998 Balance-sheet as at 31st March, 1940. Liabilities. Assets. Capital— £ £ Investment Account: Principal moneys owing on bills £ Liability to Loans Redemption Account as of sale, &c. .. .. .. .. 60,465 at Ist April, 1939 .. .. .. 106,418 Writings off in Suspense— £ Add Suspense Adjustment Account .. 146 Principal.. .. .. .. .. 5,659 106,564 Interest .. .. .. .. .. 126 Less— - 5,785 Net repayments of principal for year Interest overdue on bills of sale, &c. .. .. 577 ended 31st March, 1940 .. .. 3,738 Losses on realization for year ended 31st March, 1940.. .. .. 36,702 40,440 66,124 Interest overdue on advances .. .. .. 703 £66,827 £66,827 1 ' ——- '•= A. R. F. Mackay, Accountant to the Treasury. I hereby certify that the Balance-sheet has been duly examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby.—Cyril G. Collins, Controller and Auditor-General.

PUBLIC TRUST OFFICE. Profit and Loss Account for the Year ended 31st March, 1940. Dr. £ s. d. Cr. £ s. d. Salaries .. .. .. .. 273,253 19 1 Commission, and other income (net .. .. 384,108 4 6 Overtime .. .. .. .. 517 15 . . 4 Service charges— £ 8. d. Agents'commission .. .. 3,742 17 0 Services of High Commissioner 1,260 0 0 Services of General Post Offico 882 5 0 \ 5,885 2 0 Audit of books and accounts .. .. 850 0 0 Maintenance of premises and plant: Repairs, insurance, &c. .. .. 5,621 1 5 Bent 2,091 13 2 General charges— Advertising .. .. 4,041 1 2 Cleaning, heating, lighting, and power .. .. 6,311 13 11 Legal expenses .. .. 1,140 610 Rates .. .. .. 917 5 11 Miscellaneous payments .. 533 10 2 Postages and freight .. .. 6,046 16 7 Stamp duty on receipts and cheques .. .. .. 1,567 16 2 Telephone subscriptions .. 1,819 16 0 Printing, stationery, and requisites .. .. .. 5,782 5 1 Travelling-expenses .. .. 3,616 9 3 Salaries and expenses of Farm Inspectors .. .. 4,873 14 8 Salaries of Custodians and staff 7,881 5 5 44,532 1 2 Conipassionate allowances to dependants of deceased officers .. .. .. .. 587 0 0 Losses on mortgages : On realization or by operation of the Mortgagors and Lessees Rehabilitation Act, 1936 .. .. .. 7,300 7 2 Depreciation on office premises, furniture, plant, &c. .. .. .. .. .. 17,522 17 2 Contribution to subsidy to Public Service Superannuation Fund .. .. .. .. 3,365 8 7 Land-tax .. .. .. .. ■■ 3,573 9 1 New Zealand Centennial Exhibition .. .. 706 18 4 Reserve for taxation .. .. .. 1,35000 Balance, being net profit for year, transferred to Appropriation Account .. .. .. 16,951 511 £384,108 4 6 £384,108 4 6 Profit and Loss Appropriation Account for the Year ended 31st March, 1940. Dr. £ s. d. Cr. £ s. d. Consolidated Fund: One-half profits for year ended Balance .. .. .. .. .. 133 7 6 31st March, 1939, payable in accordance with Profit and Loss Account : Balance transferred .. 16,951 5 11 section 24 (1) of the Finance Act, 1929 .. 133 7 6 Recovery, in part, of loss on sale of office property 27 10 0 Investment Fluctuation Account .. .. 8,489 7 11 Balance .. .. .. . • • • 8,489 8 0 £17,112 3 5 £17,112 3 5 £ s. d. Balance .. .. .. .. .. 8,489 8 0 7

B.—l [PT. IV

PUBLIC TRUST OFFICE —continued. Balance-sheet of the Public Trust Office as at 31st March, 1940. Liabilities. \ Assets. £ s. d. £ s. d. £ s _ Amounts held in Common Freehold and leasehold premises and sites .. 398,760 19 8 Fund for sundry estates Furniture and plant, &c. .. .. .. 36'174 8 7 and funds .. .. 23,810,641 5 9 Stationery and stores, &c. .. .. 5 974 10 11 Amounts held for special Stocks, bonds, and debeninvestment on behalf of tures (book value) — £ s. d. certain funds, but not yet Government securities invested .. .. 44,392 18 6 (£4,514,630), plus preAmounts specially invested miums on purchase on behalf of certain estates (£9,751 7s. Id.), less and funds .. .. 14,103,491 0 10 reserve for premiums on 37,958,525 5 1 conversion and disSundry creditors, including counts on purchase accounts passed for pay- (£3,447 15s. 5d.) .. 4,520,933 11 8 ment but not yet paid.. .. 157,449 17 6 Local bodies' debentures Writings off, Suspense Ac- (£6,447,083 18s. 2d.), count .. .. .. 4,758 18 3 less reserve for preReserve in respect of enemy miums and discounts property moneys .. 25, 695 4 11 on conversion or purReserve for taxation .. 1,350 0 0 chase (£187,226 4s. 2d.) 6,259,857 14 0 Special reserve for securities 71,938 16 11 10 739 791 5 8 General Legal Expenses Ac- Mortgages, &c. (book value) 12,023,711 1 2 count .. .. 7,772 17 6 Less reserve .. .. 62,812 7 1 Investment Fluctuation Ac- IX 9(JO ggg ] j j count .. .. 100,090 14 4 Advances for protection of 206,847 13 8 securities acquired or in Assurance and Reserve Fund .. 413,715 16 1 possession, &c. .. .. 71 938 ig n Profit and Loss Appropria- Properties acquired (book tion Account .. .. .. 8,489 8 0 value) .. .. 277,618 1 1 Less reserve .. .. 5,797 14 9 271,820 6 4 Advances (on overdraft) to estates and accounts (book value) .. 672,779 7 1 Less reserve .. .. 2,660 4 2 670,119 2 11 Interest and rent accrued, due, and overdue— Interest accrued up to 31st March, 1940, but not yet due, and interest overdue .. .. 413,318 2 3 Rent due or accrued .. 343 19 4 413,662 1 7 Less provision for losses 99,484 19 10 „ , , , 314,177 1 9 Sundry debtors .. .. .. .. 8 174 17 10 Assets in suspense .. .. ~ 4 758 ig 3 Cash in hand, on current account, and on deposit in New Zealand and London .. .. 115,846 14 10 Investment of reserve for mortgages : Mortgages, &c. .. .. .. 6,860 0 0 Special investments (book value) held on behalf of certain estates and funds— £ s. d. Government securities .. 8,022,004 1 11 State Advances Corporation of New Zealand stock .. .. 130,000 0 0 Local bodies' debentures 1,752,605 8 11 Private debentures and shares .. .. 50,185 6 11 Realty and leasehold .. 6,570 4 6 Fixed deposits .. 11,275 0 0 Mortgages .. .. 4,046,518 7 8 Mortgage securities acquired .. .. 41,183 18 11 Advances for protection of securities .. .. 620 0 0 Financial assistance to mortgagors .. .. 660 16 10 Loans .. .. 1,245 0 0 Savings-banks accounts 10,288 13 0 Overdue interest on special investments .. .. 30,334 22 — 14,103,491 0 10 £38,749,786 18 7 £38,749,786 18 7

E. 0. Hales, Public Trustee. F. Menneer, Chief Accountant.

I hereby certify that the balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. Cyril G. Collins, Controller and Auditor-General.

B.—l [Ft. IV].

RAILWAYS SUPERANNUATION FUND. Revenue Account for the Year ended 31st March, 1940.

EXPENDITURE. 1939-40. 1988-39. j| INCOME, 1939-40. 1938-39. £ s. d. £ s. d. j| £ s. d. £ s. d. Retiring-allowances to members .. .. .. .. 459,996 3 3 433,369 9 10 |j Members' contributions .. .. .. .. .. 205,483 17 9 | 197, 862 15 5 Allowances to widows and children .. .. .. 29,396 4 1 29,658 2 10 Members'contributions on account of casual service .. 3,819 14 9 19,280 15 2 Refund of total contributions .. .. .. • ■ 37,025 13 0 33,291 6 9 Fines . . .. .. . . . . .. 259 5 0 249 10 0 Refund on contributions in excess of allowances drawn by 2,300 8 2 1,119 7 5 I Subsidies — deceased beneficiaries j| Consolidated Fund .. .. .. .. .. 71,000 0 0 52,000 0 0 Transfers to other funds .. .. .. .. .. 1,217 19 1 1,016 15 3 | Working Railways .. .. .. .. .. 170,000 0 0 170,000 0 0 Reserve for bad and doubtful debts .. .. .. 64 14 5 8,610 11 1 Increased allowances to annuitants as provided for by 3,199 5 11 3,298 15 5 Part cost of actuarial investigation of the fund .. .. 224 0 0 .. Statutes Amendment Act, 1936 Administration charges — Working Railways, on account of increased aEowances to 13,012 8 8 13,151 17 4 Travelling-expenses of Board members .. .. .. 92 15 10 79 15 0 widows and children Public Trust commission .. .. .. .. 1,333 14 2 1,154 2 10 New Zealand Railway Officers'Institute .. .. 14 12 5 14 1 10 Public Trust charges (legal costs) .. .. .. 47 19 5 195 17 11 I New Zealand Railway Tradesmen's Association .. .. 17 5 2 15 18 1 Audit fee .. . . .. .. . . .. 50 0 0 50 0 0 New Zealand Engine-drivers, Firemen, and Cleaners' 24 7 4 23 9 9 Salaries .. .. .. .. .. .. 1,455 4 4 1,415 0 8 j Association Postages .. .. .. .. .. .. 248 1 9 204 13 5 j Amalgamated Society of Railway Servants .. .. 8 17 10 14 14 1 Printing and stationery .. .. .. .. 125 1 6 160 3 7 Interest — £ s. d. Balance carried down, being excess of income over expenditure .. 9,631 1 9 Investments.. .. .. .. 53,506 2 5 for the year ! Treasury Department .. .. 10,639 13 8 | 64,145 16 1 63,997 11 5 | Commission on Government Life Insurance collections .. 48 0 3 46 19 10 I Balance carried down, being excess of expenditure over 2,544 7 10 income for the year 533,577 19 0 519,956 8 4 533,577 19 0 519,956 8 4 Balance brought down .. .. .. .. .. 2,544 7 10 .. Accumulated funds brought forward on 1st April .. .. 1,282,354 0 2 1,272,724 7 5 Amounts previously written off now claimed — Balance brought down .. .. .. .. .. .. 9,631 1 9 Widows' allowances .. .. .. .. .. 19 0 Amounts unclaimed written off — Balance accumulated funds as at 31st March .. .. 1,279,836 2 8 1,282,354 0 2 Life allowances .. .. .. .. .. 838 Widows' allowances .. .. .. .. .. 9 5 10 Refund of contributions .. .. .. .. 9 0 10 1,282,380 10 6 1,282,355 9 2 1,282,380 10 6 1,282,355 9 2

RAILWAYS SUPERANNUATION FUND— continued; Balance-sheet as at 31st March, 1940.

D. G. Sullivan, Chairman of the Government Railways Superannuation Fund Board.

W. Bishop, Chief Accountant, New Zealand Railways.

B.—l [Pt. TV]

. Statement of Receipts and Payments, Revenue 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.-CYRiL G. Collins, Controller and Auditor-General. (For Receipts and Payments Account see parliamentary paper D.-5, page 4.)

LIABILITIES - 1939 -«- 1938 " 39 - ASSETS. 1938-89. P»r,^ at( ; d fUn ? S a l? er R f venue .^ cc0unt •• i' 279^ 836 2 d 8 1,282*354 0 2 Investment Account— £ s d £ s - d - £ s. d. Casual employees contingent contributions .. .. 18,155 8 10 13,043 8 9 Investments.. 1 255 961 7 4 Me r mbers aUowance ® du « (not P aid) - Cash in hand !! !! " '""'I 13 6 Widows and children .. 269 15 7 209 77 C H t 1,256,918 0 10 1,261, 417 1 8 Ketod 0f f C0nt f f r authorized (not paid, " !! 2,040 1 2 1,1%" I 23 188 16 11 12 490 14 5 Skti™ JSS m """" d " WB bI 275 6 ' .. :: :: i 6 ; 7 S,'S " Sim " o as5asssi- ta rr'-> ■ 3 i,n JS,S i •• •a:Public Trustee .. .. Iff fi ft 2? » 2 Navy Department .. .. 36 9 0 Reserve for bad and doubtful debts " i! " 4,00 J 0 o' 4,000 0 0 department .. .. 332 5 0 Act 1932)°° Utl0nS (NatlOQal Expenditure Adju3tment 39 ' 043 4 10 40 ' 046 5 4 Contributions outstanding 993 4 0 922 1 1 Subsidy paid in advance , ~ „ n * r i butl ° n ? due b y members in re8 °f casual service.. 22,721 14 11 28,367 17 2 Sundry creditors .. 367 14 3 4 W n W ° rkm S Ral W s ~ Contributions paid in advance " " " /,l , On account of increased ajlowances to annuitants as provided 263 12 3 268 7 10 L • • • • • • • • on J-o 4 tor by statutes Amendment Act, 1936 On account of cost-of-living bonus .. .. .. 23 8 2 115 8 1 On account of additional allowances to widows and children 989 3 9 1,014 19 3 Interest due not paid .. .. .. .. .. 9,793 l 4 10,064 9 3 Interest accrued but not due .. .. .. .. 12,586 18 6 12 550 8 9 Rates and fees paid .. .. .. .. .. ' 1 11 1 Insurance premiums .. .. .. .. .. 23 0 5 23 0 5 Sundry debtors ... .. .. . . 0 4 4 1,345,099 7 6 1,344,001 17 0 1,345,099 7 6 1,344,001 17 0

B.—l [PT. TV

GENERAL PURPOSES RELIEF ACCOUNT. Income and Expenditure Account for the Year ended 31st March. 1940. Expenditure. Income. £ Losses written off — £ £ debt recovered .. .. • • • • Interest .. .. • • • • 244 Interest on advances .. .. • • • • Principal •• •• 1,985 Interest on investments .. .. •• •• 524 2,229 Balance, being excess of expenditure over income, written off against Capital Account .. .. • • 753 £2,229 £2 > 229 Balance-sheet as at 31st March, 1940. Liabilities. Assets. £ Capital £ £ Advances under Finance Act, 1932, section 6 (3) .. 21,761 ' Liability to Consolidated Fund .. .. 42,559 Sundry debtors for— £ Contribution from Waimarino Fire Relief Principal .. •• J,7bl Association (Inc.) .. .. •• 6,029 Interest .. .. .. .. ..I,BBb On open account .. . . . • • • 1 48,588 3,648 Less excess of expenditure over income for Interest accrued on year ended 31st March, 1940 .. .. 753 Advances .. .. • • • • 47,835 Investments .. .. •• •• 153 Writings off in Suspense (as per contra) .. 1,659 321 Postponed mterest .. .. .. • • • • Assets under realization .. .. • • • • 1,987 Losses in Suspense (as per contra) .. . • • • 1, 659 Investments .. .. •• •• •• 17,500 Cash 2,579 £49,494 £49,494 Note. —Interest on overdue instalments has not been brought into accounts. A. R. F. Mackay, M.Com., Ph.D., Accountant to the Treasury. 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 departmental note enfaced thereon. —Cyril G. Collins, Controller and Auditor-General.

TEACHERS' SUPERANNUATION FUNDRevenue Account for the Year ended 31st January, 1940. £ s. d. £ b- dBalance 31st January, 1939 .. .. •• 975,734 17 3 Retiring and other allowances .. . . 330,461 15 7 Contributions of members .. .. .. 158,180 10 2 Contributions refunded— £ s. d. Contributions transferred from other funds .. 324 2 5 On voluntary retirement .. 25,499 14 / Additional contribution from the Governments in— On death of members .. 5,573 3 8 £ s. d. On lapse of membership .. 687 3 2 Fiji 382 1 10 31,760 1 5 Tonga .. . • 20 7 5 Rebate of contributions under National Expendi402 9 3 ture Adjustment Act, 1932, section 9 (2), to Government subsidy— £ s. d. annuitants .. .. •• •• \ Under section 4, Finance Act Contributions transferred to other lunds .. 11l it i (No. 2), 1939' .. .. 102,000 0 0 Administration expenses — £ s. d. Under the Act, section 112 .. 43,000 0 0 Commission, G.P.O. .. 645 12 6 Under the Act, section 114 .. 4,952 7 4 Commission, Public Trustee 1,160 5 7 On account of reduction of Clerical assistance .. 900 0 0 interest during year ended Postage and telegrams .. 100 0 0 31st March, 1939, under Office expenses .. .. 130 I 6 National Expenditure Ad- Travelling-expenses ol Board iustment Act, 1932 .. 6,026 18 1 members .. .. 71 7 4 155,979 5 5 Medical fees .. .. 54 12 0 Interest— Audit foes .. .. 50 0 0 On investments .. .. 42,077 15 5 3,111 18 11 On contributions in arrears 926 11 >. Balance at 31st January, 1940 967,075 43,004 6 8 Less investments written down (proportion of premium on purchase of investments) .. 305 10 9 42,698 15 11 £1,333,320 0 5 £1,333,320 0 5 COST-OF-LIVING BONUS ACCOUNT FOR THE YEAR ENDED 31st JANUARY, 1940. £ s. d. £ s. d. Refund from Consolidated Fund .. .. • • 813 15 9 Balance due from Consolidated Fund, 31st January, Balance due from Consolidated Fund, 31st January, 1939 .. .. •• •• £33 2 i 0 IQ4O _ .. .. 44 22 Payment of bonus .. .. .. •• 724 15 1 £857 17 11 £857 17 11

B.—l [FT. TV].

TEACHERS SUPERANNUATION FUND—continued. Balance-sheet as at 31st January, 1940. Liabilities. £ s. d. Assets Fund as per Revenue Account .. .. 967,075 17 11 Amount held by Public Trustee— £ a. d. £ s. d Retiring and other allowances due and unpaid .. 2,148 16 0 Invested .. 963 961 16 0 Refund of contributions due and unpaid .. 1,523 1 6 Uninvested .. '' 1580 19 I Administration expenses unpaid—- ' ' ggg jg j Commission, Post and Tele- £ s. d. Premium paid on purchase of graph Department . . 206 15 0 investments . . .. 2,830 14 1 Clerical assistance .. .. 750 0 0 Less amount written off .. 305 10 9 Postage and telegrams .. 83 6 8 2 525 3 4 Office expenses, printing, and Amounts paid to protect stationery .. .. 4 18 11 securities .. ~ 193 8 9 Audit fee .. .. ~ 41 13 4 Contributions of members— Medical fees .. .. 18 18 0 In transit .. .. 5,237 15 11 1,105 11 11 Due and outstanding— Unclaimed contributions .. .. .. 1,702 13 7 Ordinary contributors .. 3,461 5 5 Amounts paid into fund in error .. .. 16 4 0 By Government on account Rent received from securities of contributors on leave leased .. .. .. 431 7 3 with the forces .. 351 9 6 Reserve— 9,050 10 10 ror commission payable to £ s. d. Interest on investments— Public Trustee in respect to Due and outstanding .. 4,197 1 0 interest due or accrued .. 481 11 4 Accrued, but not due .. 11,121 17 2 For commission to Post and jg jg o Telegraph Department in re- Interest on arrears of contribuspect to vouchers issued but tions due and outstanding unpaid .. .. .. 43 15 0 (contributors) .. .. 275 14 11 For cost of actuarial examina- Due by Consolidated Fund for ti° n • • • • • • 320 0 0 Cost-of-living Bonus .. 44 22 845 6 4 Government Subsidy— Reserve for loss on investments— Additional subsidy under secBalance at Ist February, 1939 2,673 15 0 tion 114, Public Service Superannuation Act, 1927, Less interest written oft, allowances unpaid at 31st £1,211 135.; less capital January, 1940 .. .. 530 s 8 written oft £172 4s. 3d. .. 1,383 17 3 1,289 17 9 Vouchers issued but unpaid at Ist February, 1940 ~ 23,131 12 8 Less cash in Post Office Account 5,840 7 0 17,291 5 8 £993,490 1 11 £993,490 1 11 Notks—Since the closing of the accounts for the year the Government has given a further subsidy on account of the loss suffered by the reduction of interest under the provisions of the National Expenditure Adjustment Act, 1932, during the year to 31st March, 1940. The amount for the period to 31st January, 1940, not included in the year's accounts, is £4,837. The liability under section 9 (2) of the National Expenditure Adjustment Act, 1932, as amended by section 25 of the Finance Act (No. 2), 1932-33, in respect to the rebate to those contributors who did not elect to continue to contribute on the higher rate of salary before the reductions in 1932 has not been taken into account in the foregoing statement. The contingent liability in this respect is estimated at £4,000. A. E. McKinnon, A.R.A.N.Z., Secretary, Teachers' Superannuation Board. I hereby certify that the Revenue 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. departmental notes enfaced thereon.—Cyril G. Collins, Controller and Auditor-General.

GOVERNMENT FTRE INSURANCE FUND. Revenue Account for the Year ended 31st March, 1940. ]>r. £ Cr. Accumulated Fund as at Ist April, 1939 .. .. 72.804 Claims— £ £ Interest on funds invested in Common Fund of Public Army .. .. ~ .. ~ 43 Trust Office .. .. .. .. .. 2,620 Education .. .. . 21,919 Contribution by Consolidated Fund .. .. .. 50,000 Health .. .. .. .. .1 '5 Lands and Survey .. .. .. 63 Public Works .. .. .. 43,671 State Forests .. .. .. .. 23 65,724 Accumulated Fund as at 31st March, 1940 .. .. 59,700 £125,424 £125,424 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Accumulated Fund as at 31st March, 1940 .. .. 59,700 Investment in Common Fund of Public Trust Office .. 73 644 Claims due but not paid, departmental creditors .. 13,944 £73,644 £73,644 A. R. F. Mackay, M.Com. (N.Z.), Ph.D. (Lond.), Accountant to the Treasury. I hereby certify that the Revenue Account and Balance-sheet have been examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—Cyril G. Collins, Controller and Auditor-General.

B—B. I [PT. TV],

B.—l [FT. IV].

LEG IS I jATIVE I) IiPA RTMENTS. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Salaries .. .. .. .. .. .. 38,139 Profit on sale of surplus furniture .. .. .. 3 Fuel, light, &c. .. .. .. .. .. 2,796 Hire of typewriters .. .. .. .. 2 Laundry .. .. .. .. •• 240 Excess of expenditure over income carried down .. 188,072 Maintenance of grounds .. .. . • • • 1,153 } Tools and implements .. .. •. • - 14 Newspapers .. .. .. . • • ■ 320 Postages and telegrams .. .. .. .. 3,028 Printing and stationery .. .. .. .. 11,91(1 Maintenance and repairs : Furniture and fittings .. 29<i Postage-stamps supplied to members .. .. 2,50(1 Statistical publications supplied to members .. .. 46(1 Honoraria and allowances to members .. .. 45,366 Telephone concessions to members .. .. .. 1,145 Cleaning .. .. .. .. • • • • 3,538 Railway concessions and travelling-expenses of members 30,244 Winding clocks, &c. .. .. •. • • 182 Newspapers, &c. : Library .. .. .. 134 Miscellaneous stores .. .. .. •. 281 Uniforms .. . . .. .. • ■ 54 Cleaning and repairs to uniforms .. .. .. 122 Telephones .. .. .. .. •. 648 Rent .. .. .. .. .. . ■ 28,278 Repairs to typewriters .. .. .. .. 6 Depreciation on furniture, fittings, Library, &c. .. 8,626 Compilation and printing : Index to laws .. .. 4 Stores : Deficiencies and breakages .. .. .. 12 Bellamy's— £ Salaries .. .. .. 6,104 Vl Printing and stationery .. .. .. 29 Maintenance of staff .. .. .. 562 Laundry .. .. .. .. 163 Cleaning .. .. .. .. 225 Fuel .. .. .. .. .. 670 Depreciation on linen, glassware, furniture, and fittings .. .. .. .. 161 Rent .. .. .. .. .. 1,000 Stores: Deficiencies and breakages .. 249 9,163 £188,677 £188,677 £ £ To excess of expenditure over income brought down .. 188,672 Excess of expenditure over income after charging Interest on capital— £ interest on capital .. .. .. .. 189,990 Legislative .. .. .. 1,237 Bellamy's .. .. .. .. 81 1,318 £189,990 • £189,990 Balance-sheet as at 31st March, 1910. Liabilities. Assets. £ Capital — £ £ Bellamy's Silverware, &c., Account .. .. .. 1,846 Legislative .. .. .. .. 28.302 Furniture and fittings— £ Bellamy's .. .. .. .. 1,003 Legislative .. .. .. .. 5,799 -—-— 30.295 Bellamy's .. .. .. .. 147 Creditors— 5,946 Departmental .. .. .. .. 729 Mechanical appliances .. .. .. .. 716 Sundry .. .. .. .. 248 General Assembly Library .. .. .. .. 18,987 977 Books of reference .. .. .. .. 2,800 Writings-off : Suspense .. .. .. .. 262 Stocks of statutes, appendices, and parliamentary papers 435 Treasury Adjustment Account .. .. .. 191,758 Stock of " Index to Laws of New Zealand "at Printing Office .. .. .. .. .. ~ 190 Stationery in stock .. .. .. .. 235 Stamps .. .. . . .. .. .. 15 Consumable stores .. .. .. .. 170 Uniforms .. .. .. .. .. 306 Bellamy's linen, glassware, crockery, &c. .. .. 1,330 Gardeners' tools and implements .. .. .. 55 Assets in suspense .. .. .. .. 262 Debtors : Departmental .. .. .. ~ 0 Balance of Income and Expenditure Account .. 189,990 £223.292 £223,292

— i T. D. H. Hall, Clerk of the House of Representatives.

] 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 B. ! fPt. IV].- --Cyril G. Collins, Controller and Auditor-General;

B.—l [PT. IV].

BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ 1 ,• Interest on consolidated stock 32,500 Dividends declared for the year '. I,i 1062 Management charges on consolidated stock .. .. 274 '' , J ' ) ~ Stamp duty on transfers of consolidated stock .. 112 Proportion of expenses of 1940 conversion of consolidated stock .. ~ , _ s6"' Excess of income over expenditure .. .. .. 127,314 £16^062

Balance-sheet as at 31st March. 1940. Liabilities. . . 'luner'tnt mw" ™ n8oli(latol «*>ck- £ Bank of New Zealand shares (at nominal value)- £ .54 per cent. 1939-45 000.000 500,000 preference A shares .. -.00 000 4 per cent 1943-63 375,000 1,375,000 preference B shares .. JTO TOO Wt^rve 11 " Cap,tal ! ! 84 ' 375 234,375 long-term mortgageC shares !! 234" 75 Capital leserve .. .. 250,000 Dividends declared but not paid 7' 781 Accrued interest on consolidated stock .. .. 6,650 Expenses of 1940 conversion of consolidated stock " 15 ->00 Excess of income over expenditure .. .. 127,314 Treasury Adjustment Account .. jaiS £2^U39 A. R. 1. Mackay, M.Com., Ph.D., Accountant to the Treasury. 1 hereby certify that the income and Expenditure Account and Balance-sheet have been dul 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. IVJ.-Cyril G. Collins, Controller and Auditor-General. ° "

IUBLIC DEBT REDEMPTION FUND. Income and Expenditure Account for the Year ended 31st March. 1940. Expenditure. | Income Excess ot income over expenditure (being amount avail- £ i Interest able to offset expenditure from Ordinary Revenue ! Public Trust Office .. - stus "" ' £396,410 Balance-sheet as at 31st March, 1940. Liabilities. £ | | Public Debt Dedemption Fund capital .. .. 11,216,689 ! Investments— Excess of income over expenditure .. .. 396,410 Public Trust Office 7,966,689 Investment in State Advances Corporation Account 3 250 000 Interest accrued—■ Public Trust Office .. .. .. <> Investment in State Advance* Corporation Account 17 430 Interest due and unpaid : Public Trust Office .. 2 Treasury Adjustment Account .. .. .. 309 54^ £11,613,099 £11,613,099 A. R. I*. Mack ay, M.Com., Ph.D., Accountant to the Treasury. ' h T b lv Ce ' l tify ! hat *¥ I l llCo,ue aud 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.—Cyril G. Collins, Controller and Auditor-General.

B.—l [FT. IV

TREASURY DEPARTMENT. 4 Income and Expenditure Account for the Year ended 31st March 1940 Expenditure. £ Income. £ Salaries .. .. .. .. •• •• 38,947 Commission .. .. .. .. .. 108 Overtime and meal-allowances .. .. .. 280 Fees for services rendered by Government Actuary .. 0,781 Legal and professional expenses .. .. .. 89 I'rofit on sale oi equipment .. .. .. .. 10 Printing and stationery .. .. .. •• 4,002 Balance carried down .. .. .. .. 52,107 Office requisites .. .. .. • • • • 227 Advertising, books, &c. .. .. .. .. 01 Office and sundry expenses .. .. .. .. 24 Travelling-expenses.. .. .. .. . . 079 Postages and telegrams .. .. .. .. 4,250 Telegrams beyond the Dominion .. .. .. 3,702 Telephone services .. .. .. . • • • 503 Rent of offices .. . . . ■ • ■ • ■ 3,804 Fees, allowances, &c. : Local Government Loans Board .. 295 j Bank exchange and commission .. .. .. 014 j I nsurance premiums and commission on collections .. 77 j Fuel, light, power, and water .. .. .. 99 Cartage, freight, &c. .. .. .. .. 71] Repairs to motor-vehicles .. .. .. .. 123 Office cleaning .. .. .. .. • • 11 j War risks insurance .. .. .. .. 174 Moneys misappropriated .. .. .. .. 258 Depreciation— Office furniture .. .. .. .. . • 253 Mechanical appliances .. .. .. .. 511 Library .. .. .. •. • ■ 18 £59,132 £59,132 £ £ Balance brought down .. .. .. .. 52,107 Fees under New Zealand Loans Act, 1932 .. .. Oil > Public debt expenses— Balance carried down .. .. .. .. 370,925 Management charges .. .. .. .. 49,179 Costs, charges, and expenses of raising and converting loans .. .. .. .. .• 205,100 Stamp duty on transfers .. .. .. .. 5,090 , £371,530 £371,530 £ £ Balance brought down .. .. .. 370,925 Excess of expenditure over income .. .. .. 371,192 Interest on capital .. .. .. .. 207 £371,192] £371,192 Balance sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital .. .. .. .. .. •• 9,200 Furniture, fittings, &c. .. .. .. .. 821 Creditors— £ Mechanical appliances .. .. .. .. 8,220 Departmental .. .. .. . . 008 Library .. .. .. .. .. .. 219 Sundry .. .. .. .. 5,987 Stock of stamps .. .. .. .. .. 8 0,595 Debtors — £ Treasury Adjustment Account .. .. •• 304,985 Departmental .. .. .. .. 145 Sundry .. .. .. .. 209 354 Expenses paid in advance .. .. .. .. 20 Excess of expenditure over income .. .. .. 371,192 £380,840 £380,840

A. R. F Mackay, M Com., Ph.D., Accountant to the Treasury.

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 the commencement of parliamentary return 8.-l [Pt IV], —Cyril G. Collins, Controller and Auditor-General.

B.—l [FT. IV].

GOVERNMENT STORES MARINE INSURANCE FUND. (Established under section 134 of the Public Revenues Act, 1926.) Revenue Account for the Year ended 31st March, 1940. Or. Cr. £ Claims — £ £ Accumulated Fund as at Ist April 1939 .. .. 47,038 Army .. .. .. .. 49 Value of Health .. .. .. .. .. 4 Imports and Prera- Internal Marketing .. .. .. 0,114 Exports. iums. Justice and Prisons .. .. .. 9 Premiums— £ £ Legislative .. .. .. .. 2 Agriculture .. .. .. 12,892 32 Mental Hospitals .. .. .. .. 44 Air .. .. .. .. 211,578 529 Mines .. .. .. .. .. 33 Army.. .. .. .. 94,727 237 Native .. .. .. .. .. 8 Census and Statistics .. .. 435 1 Navy .. .. .. .. .. 30 Education .. .. .. 3,538 9 Post and Telegraph .. .. .. 04 External Affairs .. .. 40,108 100 Printing and Stationery .. .. .. 10 Health .. .. .. 17,700 44 Public Works .. .. .. .. 403 Industries and Commerce .. 362 1 Railways.. .. .. .. ..2,177 Internal Marketing .. .. 783,277 1,602 Scientific and Industrial Research .. .. 2 Iron and Steel .. .. .. 157 1 8,949 Lands and Survey .. .. 1,108 3 Accumulated Fund as at 31st March, 1940 .. .. 50,729 Legislative .. .. .. 1,000 2 Marine .. .. .. 0,420 10 Mental Hospitals .. .. 23,323 58 Mines.. .. .. .. 4,407 11 Native .. .. .. .1,008 4 Navy .. .. .. 130,407 326 Police .. .. .. 153 1 Post and Telegraph .. .. 428,507 1,071 Printing and Stationery.. .. 68,947 172 Public Trust .. .. .. 283 1 Public Works .. .. .. 951,578 2,379 Railways .. .. .. 1,579,792 3,949 Scientific and Industrial Research 2,785 7 Social Security.. .. .. 9,925 25 State Forests .. .. .. 7,530 19 — 10,600 £4,382,067 Refund of general average contributions— " City of Shanghai" .. .. 190 " City of Brisbane" .. 2 192 Interest on investment in Common Fund of Public Trust Office .. 1,788 £59,078 £59,078 Balance-sheet as at 31st March, 1940. Labilities. £ Assets. £ Accumulated Fund .. .. .. .. 50,729 Investment in Common Fund ofthe Public Trust Office .. 50,385 Creditors: Departmental .. .. .. .. 1,903 Debtors: Departmental .. .. .. .. 2,247 £52,632 £52,032

A. R. F. Mackay, M.Coin., Ph.D., Accountant to the Treasury.

1 hereby certify that the Revenue 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, Controller and Auditor-General.

B.—l [Px. IV].

SAMOAN LOAN SUSPENSE AND SINKING FUND ACCOUNTS. Income and Expenditure Account for the Year ended 31st March, 1910. Expenditure. £ Income. £ Interest on loan capital .. .. .. .. 2,460 interest on advances to Samoan Administration 4,345 Interest on advances from Treasury Investment Accounts.. 859 Excess of income over expenditure .. .. .. 1,026 £4,345 £4,345 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Loan capital .. .. .. .. .. 82,000 Advances to Samoan Administration . 102,210 Advances from Treasury Investment Accounts .. 20,210 Interest accrued on advances to Samoan Administration. . 2,154 interest accrued on loan capital .. .. .. 714 Cash in Public Account .. .. .. . . 2 Interest accrued on advances from Treasury Investment Treasury Adjustment Account .. 12 Accounts .. .. .. .. .. 426 Sinking fund .. .. .. .. .. 2 Excess of income over expenditure .. .. .. 1,026 £104,378 £104,378 A. R. F. Mackay, M.Com., Ph.D., Accountant to the Treasury. 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.—Cyril G. Collins, Controller and Auditor-General.

EIiECTOKAL DE I'ARTMENT. Income and Expenditure Account for the Year ended 31st March, 1910. Expenditure. £ Income. £ Salaries 5,140 Revenue .. . . .. .. .. 72 By-election, expenses of .. .. .. .. 400 Excess of expenditure over income .. .. 8,443 General election, expenses of .. .. .. 549 Licensing poll, &<•., expenses of .. .. .. 2 Registration of electors .. .. .. .. 150 Printing and stationery, &c. .. .. .. 179 Postages, telegrams, telephones .. .. .. 899 Rent, fuel, light, sundries .. .. .. .. 834 Depreciation .. .. .. .. .. 215 Interest on capital .. .. .. .. .. 141 £8,515 £8,515 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital .. .. .. .. .. .. 3,623 Furniture, fittings, and mechanical appliances .. .. 3,305 Creditors— £ Stock of electoral maps .. .. .. .. 119 Departmental .. .. .. .. 139 Postage-stamps on hand .. .. .. . . 139 Sundry .. .. .. .. 61 Debtors, Departmental .. .. .. . . I 200 Writings-off in Suspense .. .. .. .. 25 Treasury Adjustment Account .. .. .. 8,244 Excess of expenditure over income .. .. .. 8,443 Losses in Suspense .. .. .. .. .. 25 £12,092 £12,092

0. G. Hoix;kins, Chief Electoral Officer. K. Menzies, Accountant.

1 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, Controller and Auditor-General.

8.-

1 [FT. TV].

DEPARTMENT OF EXTERNAL AFFAIRS. M.v. "MAUI POMARE." Revenue Account fob the Year ended 31st March, 1940. Dr. £ Salaries and wages .. .. .. .. .. )0,791 Freights, passage-money, and miscellaneous receipts 29 694 Overtime. 2,328 linlance carried down .. .. ' to -'49 ray in lieu of time oil .. .. .. _ 524 "" Labour at island ports .. .. .. .. 1 018 Victualling .. .. .. ~ _ 2,782 Cabin stores .. .. .. ~ 203 Deck stores .. . . .. . Engine-room stores.. .. .. .. I ggQ Fuel oil .. .. .. 4 301 'Lnbri eating-oil .. .. 9gj Painting .. .. .. .. 199 Repairs .. .. .. 12,104 Docking .. .. .. .. .. 94 Laundry .. .. .. .. .. _ 93 Medical expenses .. .. .. .. . # (jog Rent- .. .. .. .. .. . 20 Stevedoring and tallying .. .. .. .. 2,224 ! Harbour Board charges .. .. .. 7(io i Agency commission.. .. .. .. 593 j Water .. .. .. . . . t _ 127 Printing and stationery .. .. .. .. 59 Transhipping charges . . .. .. . 274 Audit fees. . .. .. .. .. 20 Survey fees .. . . . . .. . # 23 Overhead charges .. .. .. .. .. 493 Miscellaneous .. .. _ 2 598 Towage .. .. .. .. .. .. j Depreciation .. .. .. .. .. 2,920 £ v Balance brought down 19,249 Excess of expenditure over income on 77Interest on capital .. .. .. .. 1,528 •• .. < 1' "°- 777 Income anp Expenditure Account for the Year ended 31st March, 1940. . , ... Expenditure. £ Inc,ome. £ Advertising •• .. .. 19 Overhead recovered from m.v. " Maui Pomare'" and New Entertainment of Samoans 4 Zealand Reparation Estates freight and cartage 5 Balance carried down " Tim r uel, lighting, &c. .. .. ..102 '* l < u " Grant to Bureau of Tropical Diseases .. .. 100 Office fittings and requisites .. .. . , .. g Overtime and meal allowance .. .. .. 34 Postages and radios .. .. .. .. 9g(; Printing and stationery .. .. .. ~ 124 Pent .. .. .. .. .. _ 124 Salaries .. .. .. .. .. 3 413 Telephones .. .. .. .. .. |Qf, Travelling allowances and expenses .. .. .. 112 1 I )epreciat ion .. .. .. .. .. 184 ' £ y Balance brought down . . 4.091 Excess of expenditure over revenue .. 40 ,0s Grant to Cook Islands Administration .. .. 24,000 " M.v. "Maui Pomare " working-expenses .. .. 20,777 I Interest on capital .. .. .. .. .. 330 j £45 : 198 j £49J98 Balance-sheet as at 31st March, 1940. .. . Liabilities. £ Asge(s Capital .. .. .. .. .. .. 45,310 Stores on hand .. .. .. 4 930 Creditors— £ Furniture and fittings, less depreciation . . ' j j Sundry .. .. .. .. 4,029 M.v. " Maui Pomare," less depreciation .. '' 37441 Departmental .. .. .. .. 7« Leper accommodation, Makogai, less depreciation " >'78-. ~ 4,105 Official stamps on hand .. . 'i r. New Zealand Reparation Estates .. .. .. 84,030 Debtors ' " Sundry .. .. .. _ 573 Departmental .. .. .. 22 Cash on deposit .. .. ~ 'l>~ Treasury Adjustment Account .. .. !! 38 303 j Income and Expenditure Account .. .. 49'198 t133 - 44fi |

W. Tailisy, Acting Assistant Secretary.

1 hereby certify that the Revenue Account, 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. Coli.ins, Controller and Auditor-General. '

B. —1 [PT. TV].

DEPARTMENT OF AGRICULTURE. THE ORCHARD TAX ACT, 1927, DEPOSIT ACCOUNT. Revenue Account for the Year ended 31st March, 1940.

Balance-sheet as at 31st March, 1940.

L. C. Scott, Accountant, Department of Agriculture.

1'ilrposcs Firebllght-tax under Section 4. Tax Total. section's j Waimea. Gisborne. Marlborough. Dr. £ £ £ £ £ Expenses of collection .. .. .. .. . • .. 577 J ! 4 1 683 Balance to Appropriation Account .. .. .. .. 1,366 .. j 10 j 1,366 1,932 1 i 14 1 i 1,948 . l . .1 i Or. £ £ | £ | £ J £ Tax levied under sections 3 and 4 (including penalty) .. .. 2,060 .. 15 .. [ 2,076 Less penalties allowed for prompt payment .. .. .. 128 .. 1 •• 129 1,932 .. 14 .. 1,946 Balance to Appropriation Account .. .. .. .. • ■ 1 • • 1 1,932 1 14 1 1,948 Appropriation Account for the Year ended 31st March, 1940. Purpose's Fireblight-tax under Section 4. — Tax ; 1 Total. Waimea. Gisborne. Marlborough. | Dr, £ £ £ £ £ Revenue Account .. .. .. .. • • •• • • 1 • • ' Tax irrecoverable (written off) .. .. .. .. .. 6 .. 1 .. 7 Fruit Federation, Fireblight Oommittees, and Department of Scientific 1,406 411 16 30 1,863 and Industrial Research Balance .. .. .. •• ■■ 1 J741 23 14 2 1,780 3,153 436 31 33 3,662 Or. £ £ £ £ £ Balance, 1st April, 1939 .. .. .. .. .. 1,798 435 21 33 2,287 Revenue Account .. .. •• •• •• 1,355 .. 10 .. 1,365 3,153 435 31 33 3,652

Purposes Fireblight-tax under Section 4. Tax • Total. Section* 3 Walmea. Gisborne. Marlborough. __ - Liabilities. £ £ £ £ £ Creditors: Departmental .. .. .. • • • • 190 I 4 1 196 Suspense Accounts .. .. .. .. • • • ■ 1 3 .. j . 4 Appropriation Accounts .. •• •• •• 1,741 23 14 2 1,780 1,932 27 18 3 1,980 A wets. Sundry debtors — £ £ £ £ £ Departmental . . . . ■ • ■ . ■ • • ■ I 827 3 2 .. 832 General .. .. . . . . • . • • • • I 565 .. 8 .. 573 Cash in Deposit Accounts .. • • J 540 24 8 3 575 1,932 27 18 3 1,980

B.—l [PT. TV].

DEPARTMENT OF SCIENTIFIC AND INDUSTRIAL RESEARCH. Income and Expenditure Account for the Year ended 31st March, 1940.

9—B. 1 [PT. IV].

Head Dominion Dominion | f ,„i 0Bi( . a| ! Meteoro- Apia Magnetic Office. Invest!- Labora- Observa- I?' : logical Observa- Observa- Total. gations. tory. tory. ouivty. office. tory. tory. , Expenditure. £££££££££ Salaries •• •• .. .. .. 7,804 .. 17,850 1,976 7,100 13,006 1,980 2,113 51,829 Advisory Council: Honoraria and expenses .. 619 .. .. .. .. .. gjg Allowance to observers .. .. .... .. .. 37 .. 37 Books, publications, and periodical papers .. 146 .. 123 9 43 98 19 5 443 Chemicals, apparatus, and repairs to apparatus. . .. .. 430 .. .. .. .. 430 Cost of fitting up new workshop . . .. 340 .. .. .. .. .. ' 340 Expenses of officers travelling overseas . . 709 .. . . .. .. . . 709 Field expenses .. .. .. .. .. .. .. .. 5J3 ' '' gjj Freight and cartage.. .. .. .. .. .. 104 .. 47 .. ' 251 Fuel, light, power, and water.. .. .. 134 .. 736 69 64 97 .. 40 1,140 General expenses .. .. .. .. .. .. .. 25 . . .. 31 ' 5g Grounds : Maintenance .. .. .. .. .. .. 30 .. 30 Grant to Carter Observatory .. .. .. 750 .. .. .. .. ., 750 Grant to Imperial Institute .. .. .. 250 .. .. .. .. .. 250 Grant to Royal Society of New Zealand .. 750 .. .. .. .. .. ,. 759 Grant to expenses of visit to New Zealand of 930 .. .. .. 165 .. . . 1 095 Scientists Grant to widow of Director .. .. .. .. .. .. .. .. 74 74 Instruments, equipment, and repairs thereto .. .. .. .. 333 291 360 115 145 1 244 Iron and coal survey .. .. .. .. .. .. .. 82 .. .. 62 Laboratory accommodation and maintenance .. .. .. 327 .. .. .. 327 Mineral specimens: Preparation and mount- ........ 2 9 ing, &c. National Research scholarships .. .. 71 .. .. .. .. .. ., _ t 71 New Zealand Journal of Science and Technology 756 .. .. .. .. .. 75C, Observatories: Maintenance and establishment.. .. .. .. 16 .. 183 .. 243 442 Office accommodation and maintenance .. 62 .. .. .. 19 .. 122 203 Office fittings and requisites .. .. .. 31 52 13 57 19 1 4 177 Overtime and meal allowance .. .. 21 .. 9 .. .. 117 ., 147 Postages and telegrams, rent of boxes, and broad- 180 .. 59 41 47 3,862 55 9 4,253 casting of weather reports Printing and stationery .. .. .. 321 .. 343 50 64 1,128 74 81 2,061 Rent .. .. .. .. .. 286 .. 1,463 654 296 418 .. .. 3,117 Telephone services .. .. .. .. 182 .. 146 39 33 2,598 .. 17 3,015 Travelling allowances and expenses .. .. 237 .. 119 64 328 332 9 142 1,231 Wages of field hands .. .. .. .. .. .. 103 417 .. .. .. 520 Provision for depreciation of fixed assets .. 99 3,893 1,055 28 98 418 132 206 5,929 Animal research .. .. .. .. .. 4,819 .. .. .. .. .. .. 4,819 Plant chemistry .. .. .. .. .. 2,958 .. .. .. .. .. ,, 2^958 Dairy research .. .. .. .. .. 19,256 .. .. .. .. .. .. 19,256 Flax research (phormium) .. .. .. .. 2,905 .. .. .. .. .. 2,905 Food investigations: Cool storage .. .. .. 284 . . . . . . . . .. .. 284 Fruit research .. .. .. .. .. 5,907 . . . . .. .. . , .. 5,907 Geophysical prospecting .. .. .. . . 2,303 . . . . . . .. .. .. 2,303 Imperial Agricultural Research Bureaux .. .. 5,438 .. .. .. .. .. .. 5,438 Plant research .. .. .. .. .. 42,121 .. .. .. .. .. .. 42,121 Radio research .. .. .. . . .. 2,244 .. . . .. .. . , .. 2,244 Research Associations— Wool-manufacturers .. .. .. .. 2,034 .. .. ., .. .. ,. 2,034 Tobacco .. .. .. .. .. 2,898 .. .. .. .. .. .. 2,898 Leather and shoe .. .. .. .. .. 1,840 .. .. .. .. .. .. 1,840 Social science research .. . . .. .. 1,739 .. .. . . .. .. .. 1,739 Soil surveys and mineral content and pastures .. .. 12,530 .. .. .. .. .. 12,530 Survey of coal resources .. .. .. .. 2,670 .. .. .. .. .. .. 2,670 Timber research .. .. .. .. .. 607 .. .. .. .. .. . . 607 Wheat research .. .. .. .. .. 5,893 .. .. .. .. .. .. 5,893 Miscellaneous researches .. .. .. .. 790 .. .. .. .. . . .. 790 Stocks of publications on hand, 1st April, 1939 .. 1,421 .. .. .. .. .. .. 1,421 14,678 124,550 22,816 3,487 9,646 22,710 2,538 3,005 203,430 ££££££ £££ Balance brought forward .. .. .. 14,678 91,548 20,413 3,487 9,397 10,028 2,298 3,005 154,854 Interest on capital .. .. .. .. 155 2,656 364 48 178 52 105 45 3,603 14,833 94,204 20,777 3,535 9,575 10,080 2,403 3,050 158,457 Income. £ £ £ £ £ £ £ £ £ Analysis fees .. .. .. .. .. .. 2,403 .. .. .. .. .. 2,403 Contributions by industrial interests .. .. .. 15,374 .. .. .. .. .. .. 15,374 Contributions to Apia Observatory .. .. .. .. .. .. .. .. 240 .. 240 Orchard-tax .. .. . . . . .. 557 .. .. .. .. .. . . 557 Sale of bulletins, maps, &c. .. .. .. .. 77 . . . . 66 .. .. .. 143 Sales of fruit and dairy-produce, Wheat Research .. 14,913 .. .. .. 12,682 .. .. 27,595 Laboratory fees, and miscellaneous Wage subsidies .. .. .. .. .. 407 . . .. .. .. .. .. 407 Stocks of publications on hand, 31st March, 1940 .. 1,674 .. .. .. .. .. .. 1,674 Printing of bulletins .. . . . . . . .. .. .. 183 .. .. .. 183 Balance carried forward .. .. .. 14,678 91,548 20,413 3,487 9,397 10,028 2,298 3,005 154,854 14,678 124,550 22,816 3,487 9,646 22,710 2,538 3,005 203,430 £££££££££ Excess of expenditure over income .. .. 14,833 94,204 20,777 3,535 9,575 10,080 2,403 3,050 158,457 14,833 94,204 20,777 3,535 9,575 10,080 2,403 3,050 158,457

B.—l [PT. TV].

DEPARTMENT OF SCIENTIFIC AND INDUSTRIAL RESEARCH —continued. Balance Sheet as at 31st March, 1940.

H. G. Lawrence, Acting-Accountant. E. Marsden, Secretary.

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], and to the following comment: The value of consumable stores on hand is not recorded in the accounts. —Cyril G. Collins, Controller and Auditor-General.

DEPARTMENT OF LABOUR. IMMIGRATION. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Assisted passages granted .. .. .. 139 Excess of expenditure over income .. .. 132,833 Interest on capital .. •• •• •• 132,694 £132,833 £132,833 Balance-sheet as at 31st March, 1940. Liabilities. Assets. £ Capital Account £ £ Sundry debtors for passage-money loans .. .. 153 Public Works Fund, 31st March, 1939.. 3,317,380 Income and Expenditure Account.. .. .. 132,833 Less recoveries on account of expendi- National Development Account .. .. .. 3,318,684 ture of previous years .. .. 88 3,317,292 Sundry creditors .. •• •• HO Reserve for bad debts .. .. • • • ■ 102 Treasury Adjustment Account .. .. •• 134,166 £3,451,670 £3,451,670 Henry E. Moston, Secretary of Labour. 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, Controller and Auditor-General.

„ „ , Research j Dominion Dominion ( ;„ n i niriM , Meteoro- Apia Magnetic 1 ,S a Investi- Labora- Observa- q.?™?!? logical Obaerva- Observa- Total. offlce - gations. ! tory. tory. office. tory. tory. Liabilities. £££££££££ Capital— „ Public Works Fund .. .. .. •• 35,643 358 .. .. .. .. .. 36,001 Consolidated Fund 3,958 36,540 9,152 1,268 5,001 1,403 2,905 1,046 61,273 Creditors — , „ , Sundrv .. •• •• •• •• 29 1> 768 86 94 254 72 4 16 2,323 Departmental .. .. .. 29 1,065 35 17 161 107 .. 1 1,415 Amounts held on deposit— Apia Observatory.. .. .. • • • • • • ■ • • ■ • • • • 1,358 .. Wheat research levies .. .. • • • • 17 • • • • • • • • • • • • j, 7 Wool-manufacturers' Research Account .. .. 365 .. .. .. Treasury Adjustment Account .. •• 14,833 92,186 20,780 3,431 15,373 9,908 2,399 3,042 161,952 18,849 167,584 30,411 4,810 20,789 11,490 6,666 4,105 264,704 Assets. £££££££££ Land .. .. .. •• •• •• 4,718 .. .. .. 3 .. .. 4,721 Buildings .. .. .. •• •• •• 38,026 357 13 .. 58 2,208 326 40,988 Furniture and fittings .. .. •• 386 2,396 366 66 290 535 138 49 4,226 Mechanical office appliances .. .. • • 71 495 54 35 10 115 53 Libraries and books.. .. .. •• 314 1,137 1,542 130 79 53 39 37 Technical instruments, apparatus, and equipment 35 14,294 6,222 996 310 623 456 518 -3,454 Platinum-ware .. .. • • • • • • • • 915 .. .. Plant and machinery .. .. •• •• 4,692 .. .. .. .. .. •• 4,692 Motor-vehicles .. .. •• •• •• 2,791 .. .. •• .. .. .. ol Bicycles and other transport equipment .. .. 31 .. .. .. .. 4 .. 35 Horses and harness .. .. •• •• 103 Permanent improvements, roading, fencing, &c. .. 1,064 .. .. .. .. .. 1,064 Tools and equipment .. .. • • • • 764 53 29 16 7 5 921 Fossils and collections .. .. .. ■■ ■■ •• •• 6,205 .. .. .. 6,-05 Stocks of saleable publications .. .. 3,153 1,674 .. .. 4,264 .. .. .. 9,091 Stamps on hand .. .. • • • • 29 75 25 6 4 7 .. 9 146 Debtors — Sundry .. .. .. •• 17 526 .. .. .. .. .. .. 543 Departmental .. .. •• •• 20 206 100 .. 5 .. .. .. 331 Assets in Suspense .. .. .. • ■ ■ • 6 • • • • • • • • ' • • ■ • " Cash in Consolidated Fund Deposits Account .. .. 382 .. . . . . .. 1,358 . . 1,740 Excess of expenditure over income .. .. 14,833 94,204 20,777 3,535 9,575 10,080 2,403 3,050 158,457 18,849 167,584 30,411 4,810 20,789 11,490 6,666 4,105 264,704

B.—l [Pt. IV].

DEPARTMENT OF LABOUR—continued. INDUSTRIAL DIVISION. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income,. £ Salaries, agents allowances, and overtime .. .. 71,182 Penalties imposed by the Court in action brought for Advertising, supply of newspapers, &c. .. .. 291 breaches of awards and certain sections of the Industrial Motor-cars, motor-cycles, and bicycles : Maintenance Conciliation and Arbitration Act, 1925, and the Apprenand repairing .. .. . . .. .. 2,767 tices Act, 1923 .. .. .. .. .. 477 lees payable to assessors on Conciliation Councils .. 3,562 Factory-registration fees .. .. .. 4 555 Freight, cartage, and transport charges .. .. 94 Servants' registry office license fees .. .. .. 19 Heating and lighting of offices .. .. .. 513 Weights and measures verification fees .. ..10 665 Law-costs .. .. .. .. .. 143 Rent of building .. .. .. .. .. 59 Postage, telegrams, telephone services .. .. 3,253 Revenue from sale of seized articles .. .. .. 3 Printing, stationery, office requisites, and typewriter Charges for use of motor-vehicles and other incidental repairs .. .. .. .. .. .. 3,912 services in connection with weights and measures veriKates and repairs on property .. .. .. 16 fication .. .. .. ■ .. 1 806 Rent and rates on office accommodation .. .. 5,049 Sale of departmental publications '342 Transfer expenses, travelling allowances and ex- Excess of expenditure over income before charging interest penses £ carried down .. .. .. .. .. 90,239 Arbitration Court and Conciliation Councils .. 7,223 Departmental .. .. .. .. 5,526 12,749 Commission on sale of departmental publications .. 59 Miscellaneous expenses .. .. .. .. 42 Expenses of tribunal to investigate freezing-workers' dispute .. .. .. ~ .. .. 13 Emergency Disputes Committee .. .. .. 59 Industrial Emergency Council .. .. . . 197 Initial expenses of immigrant building tradesmen .. 97 Expenses of delegation to Geneva Conference . . .. 2,130 Loss on realization of assets .. .. .. .. 19 Nugatory expenditure provisionally written off .. 2 Provision for depreciation of assets .. .. .. 1,604 Bad debts.. .. .. .. .. .. 412 £108 ' 165 £108,165 Excess of expenditure over income before charging in- £ £ terest brought down .. .. .. ..90,239 Excess of expenditure over income .. .. .. 90 094 Interest on capital .. .. .. .. .. 455 £90.694 £90,694

Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital .. .. .. .. .. .. 11,190 Motor-cars, motor-cycles, and bicycles .. .. 1,945 Creditors— £ Furniture and fittings .. .. .. 3,'831 Departmental .. .. .. .. 845 Mechanical office appliances .. .. .. .. 638 Sundry .. .. .. .. .. 474 Library books .. .. .. .. 1,391 1,319 Weights and measures standards .. .. .. 3 385 Reserve for bad debts .. .. .. .. 562 Stationery .. .. .. .. '364 Amounts held on deposit .. .. ~ .. 1,519 Stamps .. .. . . '' 206 Writings-off, Suspense Account .. .. .. 61 Payments in advance ' '' '' "30 Treasury Adjustment Account .. .. .. 99,409 Debtors—- £ Departmental .. .. .. ~ 66 Sundry.. .. .. .. 9,930 9,996 Assets in Suspense .. .. .. .. .. 61 Deposit Accounts .. .. .. .. .. 1,519 Excess of expenditure over income .. .. .. 90,694 £114,060 £114,060 Henry E. Moston, Secretary of Labour.

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, Controller and Auditor-General.

B.—l [I't. IV]

DEPARTMENT OF LABOUK —continued, EMPLOYMENT DIVISION. Expenditure. Income. £ Administration expenses— £ £ Sale of surplus stores .. .. .. 66 Advertising .. .. .. 2 Balance carried down .. .. .. .. 2,956,200 Depreciation .. .. .. 314 Fitting up Labour Bureaux .. .. 518 Furniture, &c., written off .. .. 750 Law-costs .. .. .. .. 12 Motor-vehicles, maintenance of .. 866 Office expenses .. .. .. 261 Overtime and meal allowances .. 418 Postages .. .. .. .. 1,779 Printing and stationery . . .. 1,461 Rent, heating, and lighting .. .. 4,430 Salaries and allowances .. .. 56,113 Services by other Departments .. 25,600 Telephone services . . .. •. 1,346 Transfer and removal expenses .. 60 Travelling expenses and allowances .. 2,017 Typewriters, maintenance of .. .. 48 95,995 Promotion of employment — General work relief .. .. .. 2,474 Promotion of employment on farms .. 177,004 Promotion of employment in building trades .. .. . • •• 20,397 Promotion of full-time employment: General .. .. .. .. 2,654,495 Promotion of employment among boys 642 Insurance of workers .. . . 1,504 Purchase of boots and blankets .. 30 Transport of workers .. .. 225 Sustenance allowances .. .. 3,129 Miscellaneous grants and subsidies .. 426 2,860,326 £2,956,321 £2,950,321 £ £ Balance brought down .. .. •• 2,956,255 Excess of expenditure over income .. .. 2,956,697 Interest on capital .. .. . • • • 442 £2,956,697 £2,950,697

Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ ("lanital , . .. .. •• 5,382 Furniture .. .. .. .. .. 4,342 Creditors- " £ Motor-vehicles 501 Sundry .. ■ • • ■ • • 175,000 Typewriters .. .. .. .. 539 Departmental .. .. . • 10,322 Official stamps .. .. .. .. 33 185,382 Tools and stores .. .. .. .. 262 Writings off in Suspense .. .. .. 790 Debtors — £ Treasury Adjustment Account .. .. .. 2,771,981 Sundry Departmental .. .. .. 29 371 Assets in Suspense .. .. .. .. 790 Excess of expenditure over income .. .. 2,950,697 £2,963,535 £2,963,535

A. J. Midler, Assistant-Secretary of Labour. H. Parsonage, Accountant.

I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the 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, Controller and Auditor-General.

B.—l [ PT. IV

MARINE DEPARTMENT. HEAD OFFICE. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Salaries .. .. .. .. .. .. 9,970 Miscellaneous receipts .. .. .. g Rent .. . . . . . . .. .. 923 Balance carried down .. . . .. .. 12 024 Fuel, light, power, &c. .. .. .. . . 2 Printing and stationery . . .. . . . . 194 Office fittings and requisites .. .. .. .. 33 Postages, telegrams, and rent of boxes .. .. 239 Telephone rentals, &c. .. .. .. .. 117 Books, newspapers, &c. .. . . .. .. 41 Maintenance of typewriters, &c. .. .. .. 15 Overtime and meal allowances .. .. .. 35 Removal of offices . . .. .. .. .. 318 Transfer expenses .. . . . . . . .. 5 Travelling-expenses .. .. .. .. 116 Miscellaneous .. . . .. .. .. 1 Depreciation : Furniture and equipment .. .. 23 £12 ' 032 £12,032 £ Apportionment of cost of administration to branches— £ Balance brought down .. .. .. .. 12,024 Mercantile Marine Branch .. .. 7 614 Interest on capital .. .. .. .. .. 14 Harbours Branch .. .. ~ ' 595 Inspection of Machinery Branch .. .. .. 2 389 Fisheries Branch .. .. ~ .. ' 735 Ross Dependency Account .. . . , , 5 Westport Harbour Account .. ~ .. 600 Rock Oyster Industry Account .. .. .. 50 £12 > 038 £12,038

MERCANTILE MARINE BRANCH. Income and Expenditure Account foe the Year ended 31st March, 1940. Expenditure. £ £ Income. £ Lighthouses— Light dues .. .. .. . . .. 99 244 General maintenance .. .. .. 29,709 Survey of ships .. .. .. .. 3'904 Working-expenses of tender .. .. 28,885 Engagement and discharge of seamen .. .. 2 030 58,594 Eines and forfeitures .. .. .. ~ 10 Mercantile Marine offices, &c. — Deck-cargo licenses .. . . . . |' 4g Salaries .. .. .. .. 17,365 Plans of vessels, preparation and examination of .. 17 Services of Customs officers .. .. 1,935 Examination fees .. .. .. .. , 286 Services of Post and Telegraph Department Recoupment overtime: Surveyors of Ships .. . . 685 officers .. .. .. .. 50 Sale of charts, books, and forms .. . . . , 1 102 Coastal survey .. .. .. .. 7,136 Sale of" New Zealand Nautical Almanac" .. .. '183 Rent .. .. .. .. .. 1,894 Registry of shipping fees .. .. .. .. 109 Fuel, light, &c. . . .. .. .. 15 Repatriation expenses, distressed, &c., seamen .. 1 Office cleaning .. .. .. .. 4 Salvage .. .. .. .. .. " 25 Printing and stationery .. .. .. 152 Bahamas Island light dues, commission on collection of 33 Office fittings and requisites .. .. 45 Bluff-Stewart Island steamer service : Mail subsidy .. 567 Postage, telegrams, and rent of boxes .. 123 Pares, freight, &c. .. .. .. .. 1,649 Telephone rentals, &c. .. .. .. 304 Services of lighthouse tender in respect of harbours .. 65 Books, newspapers, &c. .. .. .. 105 Hire of lighthouse tender .. .. .. .. 8,409 Legal expenses .. .. .. ~ 2 Rents of buildings and reserves .. .. .. ' 149 Measurement of ships .. .. .. 3 Miscellaneous receipts .. .. .. . | 3 Inquiries into shipping casualties .. .. 99 Overtime . . .. .. .. 752 Salvage expenses .. .. .. 7 Transfer expenses .. .. .. 335 Travelling-expenses .. .. ~ 864 Examination expenses .. .. .. 409 Charts, saleable books, and forms .. .. 504 " New Zealand Nautical Almanac " .. 621 Preparation of tide-tables .. .. 550 Checking passenger traffic .. .. 288 Relief of distressed seamen .. .. 81 Grant to Imperial Shipping Committee .. 160 Subsidy : Bluff-Stewart Island steamer service .. .. .. .. 800 Loss on sale of stores .. .. .. 64 Miscellaneous expenses .. .. .. 2 34,669 Head Office administration .. .. .. 7,614 Depreciation— Buildings .. .. .. .. 2,801 G.S.S. " Matai" .. .. .. 4,057 Lighthouses .. .. .. .. 5,923 Furniture and equipment .. .. 706 13,487 Balance carried down .. .. .. .. 4,219 £U8 > 583 £118,583 £ £ Interest on capital .. .. .. .. 12,968 Balance brought down .. .. .. .. 4,219 Excess of expenditure over income .. .. .. 8,749 £!2,968 £12,968

B.—l [PT. IV].

MARINE DEPARTMENT—continued. HARBOURS BRANCH. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Salaries and wages .. .. .. .. 1,434 Pilotage .. .. .. .. .. .. 494 Repairs and maintenance .. .. .. .. 678 Port charges .. .. .. . . .. 751 Cargo-working gear .. . . .. . . .. 1 Wharfage .. .. .. .. .. .. 268 Services of lighthouse steamer .. . . .. 65 Harbour boat license fees .. .. .. .. 10 Supervision and maintenance of foreshore .. .. 1,036 Watermen's license fees .. .. .. .. 1 Rent .. .. .. . . .. .. 27 Contribution from local authorities .. . . .. 40 Office expenses .. .. .. .. .. 23 Foreshore rentals .. .. .. .. .. 718 Printing and stationery .. .. . . .. 7 Royalty on shingle, sand, &c. .. . . .. 2,802 Telephone rentals, &c. .. .. . . .. 30 Order in Council and permit fees .. .. . . 32 Transfer expenses .. .. .. .. .. 38 Rents of buildings and reserves .. .. .. 42 Travelling-expenses . . . . .. .. .. 36 Sale of books .. .. .. .. .. 6 Little Wanganui Wharf: Repairs .. .. .. 215 Services to Customs Department .. .. .. 90 Grants and subsidies .. . . . . .. 802 Balance carried down .. .. .. .. 438 Loss on sale of stores .. .. .. .. 2 Reserve for bad debts .. .. .. .. 60 Head Office administration .. .. .. .. 595 Depreciation £ Buildings .. .. .. .. 113 Equipment, launches, &c. .. .. .. 530 643 £5,692 £5,692 £ 7 Balance brought down .. .. .. .. 438 Excess of expenditure over income .. .. .. 853 Interest on capital .. .. .. .. .. 415 £853 £853

INSPECTION OF MACHINERY BRANCH. Income and Expenditure Account for the Year ended 31st March, I'JdU. Expenditure. £ Salaries .. .. .. .. .. .. 14,902 Income. £ Rent .. .. .. .. .. .. 743 Inspection fees .. .. .. .. .. 21,899 Printing and stationery . . .. .. .. 188 Examination fees .. .. .. .. .. 547 Office fittings and requisites . . .. . . .. 66 Drawings, examination of .. .. . . 329 Safety posters .. .. .. .. .. 28 Sale of publications .. .. .. .. 7 Postage, telegrams, and rent of boxes .. .. 303 Sale of stores . . . . .. .. .. 5 Telephone rentals, &e. . . . . .. .. 207 Recoupment overtime : Inspectors of Machinery .. 155 Commission on revenue collected by Post and Telegraph Costs awarded the Department : Prosecutions under the Department .. . . .. .. .. 206 Inspection of Machinery Act .. .. .. 19 Books, newspapers, &c. .. .. .. .. 44 Miscellaneous receipts .. .. .. .. 4 Fuel, light, and cleaning .. . . .. .. 27 Inquiries and technical investigations .. .. 15 Overtime .. . . .. .. .. . . 88 Removal of offices .. .. .. .. .. 4 Transfer expenses .. .. .. .. .. 140 Travelling-expenses .. .. .. .. 2,780 Miscellaneous .. . . .. . . . . 1 Reserve for bad debts .. .. .. .. 30 Head Office administration .. .. .. .. 2,389 Depreciation— £ Motor-vehicles, &c. .. .. .. 187 Furniture and equipment .. .. .. 29 216 Balance carried down .. .. .. .. 588 £22,965 £22,965 £ £ Interest on capital .. .. .. .. .. 46 Balance brought down .. ~ .. , . 588 Excess of income over expenditure .. .. .. 542 £588 £588

B.—l [PT. IV].

MARINE DEPARTMENT—continued. FISHERIES BRANCH. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Salaries and wages .. .. .. .. .. 5,106 Fishing-boat licenses, registration fees, &c. ->o<) Fresh-water fisheries research .. .. .. 1,251 Fresh-water fisheries license fees, &c. . " 1200 Salmon fisheries .. .. .. .. .. 1,593 Redemption fees .. .. Kakahi Hatchery: Loss by fire ~ .. .. 225 Salmon license fees .. .. 05 Repairs to Te Anau Hatchery .. .. .. 6 Toheroa areas : Rentals and license fees .. sr.ii Maintenance of launches .. .. .. .. 430 Sale of salmon and salmon ova .. . . R ent • • • • • • ■ ■ •. . • 189 Rental of buildings .. 05 Office cleaning .. .. .. . . .. 8 Launch hire .. o Printing and stationery .. .. .. .. 164 Sale of publications " " r . Office fittings and requisites .. .. .. .. 142 Sale of stores .. .. .. " ] ' , Postage, telegrams, &c. . . .. .. . . 104 Costs awarded the Department in connection with prolelephone rentals, &c. . . .. .. .. 97 secutions under the Fisheries Act 34 Books, newspapers, &c. . . .. .. .. 27 Balance carried down . . .. " "10 503 Legal expenses, &c. .. .. . . .. 56 Transfer expenses . . .. .. .. 2 Travelling-expenses .. .. .. .. 1,327 Whitebait spawning-grounds : Fencing .. .. 35 Protection of toheroa-beds .. .. .. .. 78 Fisheries investigation .. .. .. .. 101 Slipways for fishermen— Taieri Mouth .. .. .. .. 1 Waikawa .. .. .. .. 291 292 Miscellaneous expenses .. .. .. . . 11 Grants and subsidies . . . . .. .. 325 Head Office administration .. .. . . .. 785 Depreciation— £ Buildings .. .. .. ~ ill Launches, &c. .. .. .. .. 91 Motor-vehicles .. .. .. .. 42 244 £12,598 £12,598 £ Balance brought down .. .. .. .. 10,593 Excess of expenditure over income .. 11 857 Net loss on rock-oyster industry transferred from Profit and Loss Account .. .. .. . . 954 Interest on capital . . . . .. ~ ~ 310 £1] ' 857 £11,857

ROCK OYSTER INDUSTRY. Profit and Loss Account for 1939 Season. £ Cr. £ Salaries and wages .. .. .. .. .. 6,682 Sales .. .. .. .. d ofiMaintenanee of ketch and launches, &c. .. .. 1,076 Rent of depot .. " ' rji. Freight and cartage .. .. .. .. 473 Balance carried down ! ' ] " " 744 Stores and materials . . .. . . . . 192 Repairs and replacements to tools, &c. .. .. 47 Wharfage and cranage . . . . .. . . 86 Rent, fuel, light, &c. .. .. . . .. 208 Administration expenses . . . . .. .. 114 Travelling-expenses . . .. .. .. 103 Office expenses .. . . .. .. .. 20 Printing and stationery .. .. .. .. 22 Advertising .. .. .. .. .. 8 Depreciation : Launches, &c. .. .. .. 31 £9,062 £ £9,062 Balance brought down .. .. .. .. 744 ™ Interest on capital .. .. .. .. .. 210 Net loss .. .. .. . # # # gg4 Note. —This account includes expenditure on oyster-cultivation amounting to £2,423. ROSS DEPENDENCY. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. f Postages, telegrams, &c. .. .. .. .. 1 Excess expenditure over income . r Head Office administration .. .. .. 5 *' ' * 0 ff &

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.

B.—l [Pt. IV

ARAWA DISTRICT TRUST BOARD. Statement of Income and Expenditure for Year ended 31st March, 1938. _ Expenditure. Income. £ Aged and infirm 266 * paym ° nt " ndcr Stat f 6 >°°° Education • • •• •• 616 Levies and contributions .. ~ 278 Hospital (General and Waikato) .. . . 490 Commissions . a Maraes .. .. .. .. ~ gyg Special .. .. .. ~ , , gg2 Maraes: Contributions .. ~ Mr. Sundry development scheme contracts .. 134 Special grants: Contributions .. '33 3,036 Interest— Interest— Shares (Europa) .... 1 Treasury loans 021 Board loans .. .. " 30 9 Robert King bonds .... ..118 310 , , , •— 1,039 Arawa Maori Council .. .. ~ ~ 4 Maketu 1) arm Sundry development scheme contracts . 53 General expen5e5.......... 14 Sundry accounts written oft' .. .. ~ 2 Administration expenses—Members expenses and allowances .. .. 116 Office rent .. . . .. 65 Office expenses .. .. ~ 200 Legal costs . . .. . . , , 26 Salaries.. .. .. .. , , 435 • • Depreciations— Maketu Farm .. .. . , ~ 85 Office furniture and tools .. . . .. ](i T, . • — 101 Isalance carried down . . .. ~ _ 2 177 ! 1:7 ■ - 11 ! £7,211 £ p Instalment on loans repaid 1,274 Balance brought down .. . 9177 Balance to balance-sheet 20,483 Balance, 31st March, 1937 .. .. io,V»80 mjni

Balance-sheet as at 31st March, 1038. Liabilities. Assets. Native trustee CJreasury) £ £ Property investments— £ £ Siv finance Adjustment Loan .. 22,409 (a) Maketu Farm equipment, &e. .. ..28 608 (b) lllage improvement .. .. .. 1,659 (6) Maketu consolidated purchases .. .. 5,'834 T . ..... ~,,,, ,i. , , — 24,068 (<•) Whakapoungakau 4k .. .. .. '438 Liability to bondholder: Maketu purchase (R. King) 2,110 Id) Other properties 48<; Sundry creditors— (a) Materials and goods .. .. .. 34<S Other investments: Shares (Associated Motorists) ' 5 (ft) Services rendered 471 Loans (including interest)— . , . 817 Miscellaneous .. .. (; 707 Amounts hold in trust Workers'dwellings .. . 5**198 Sundry Natives 2 55 Agricultural .. . " i '57. Sundry villages ........ 941 " _1 ... Sundry tribes 49 Sundry debtors .. i^,- _ ~ 1,245 Amounts expended (recoverable) — Deposit— Sundry villages .. .. .. 104 Otamarakau rents .. .. .. 63 Sundry tribes .. " Opotiki rents ........ 60 ' " _ 737 — 123 Equipment, plant, &c.— Miscellaneous— Office furniture and fittings . . ~ 153 Rent accrued due .. .. .. 16 Less depreciation .. . 115 Suspense (unallocated credits) .... 24 " j<j B T „ — 40 Tools (less depreciation) .. .. •! Loan .Repayment Reserve Account .. .. .. 2,812 Carvings 7 Income and Expenditure Account .. .. .. 20,483 Library !' 32 — 42 Sundry debtors for interest .. .. .. ]0 Cash on hand and in bank .. .. .. ~ (ig £5M>9B £51,698

Raniera Kino, Secretary.

The Audit Office having examined the balance-sheet and accompanying accounts, required by Jaw to be audited, hereby certifies them to be correct—Cyril G. Collins, Controller and Auditor-General.

10— B. 1 I PT. IVI.

B.—l [FT. TV].

ARAWA DISTRICT TRUST BOARD —continued. Statement of Income and Expenditure for Year ended 31st March, 1939. Expenditure. Income. £ Grants £ £ New Zealand Government: Annual payment under statute 6,000 Aged and infirm .. .. . • • • 183 Hospital (General): Levies, contributions, and commissions 167 Education .. .. .. • • .. 514 Interest— £ Hospital (General and Waikato) .. .. 489 Board loans .. .. .. .. 352 Maraes .. .. • • • ■ • • 533 Shares (Europa) .. .. . . .. I Special .. .. .. . • • • 402 353 2,121 Special grants: Contributions .. .. .. 31 Interest Marae: Contributions .. .. .. .. 8 Treasury bonds .. .. .. • • 903 Arawa Maori Council .. .. .. .. 2 R. King bonds .. .. .. 57 960 Maketu Farm : General expenses.. .. .. 19 Administration expenses — Members' expenses .. .. .. 159 Office expenses .. .. .. ~ 88 Office rent .. .. .. .. 65 Audit reserve fees .. .. .. 25 Salaries .. .. .. .. ■ • 444 — 781 Depreciation — Maketu Farm .. .. .. .. 81 Office furniture and tools .. .. .. 15 — 96 Arawa Maori Council: Balance carried down .. 2,584 £6,561 £6,561 £ £ Instalment on loans repaid .. .. .. 1,910 Adjustments : Depreciation of office furniture .. .. 16 Balance to balance-sheet .. .. .. 21,173 Balance brought down .. .. .. .. 2,584 Balance, 31st March, 1938 .. .. .. .. 20,483 £23,083 £23,083

•4 i Balance-sheet as at 31st March, 1939. Liabilities. Assets. Native Triißt.ce (Treasury)— £ £ Properties investments — £ £ (a) Finance Adjustment Loan .. .. 22,355 (a) Maketu Farm property .. .. .. 28,570 (ft) Village improvement .. .. .. 1,027 (ft) Maketu purchases .. .. .. 5,833 23,382 (c) Whakapoungakau 4k .. .. .. 418 Liability to bondholder: Robert King .. .. 943 (a!) Other properties .. .. .. 491 Sundry creditors — 35,312 (a) Materials and goods .. .. .. 458 Other investments: Shares (Associated Motorists) .. 10 (ft) Services rendered .. .. .. 436 Loans (including interest) — 894 Miscellaneous .. .. .. .. 0,943 Amounts held in trust— Workers'dwellings .. .. .. 5,550 Sundry Natives .. .. .. .. 370 Agricultural .. .. .. .. 1,726 Sundry villages .. .. .. 1,706 14,219 Sundry tribes .. .. .. .. 49 Sundry debtors .. .. .. .. .. 1,934 — 2,125 Amounts expended (recoverable) —■ Deposit— Sundry tribes .. .. .. .. 1,029 Otamarakau rents.. .. .. .. 63 Sundry villages .. .. .. .. 376 Opotiki rents .. .. .. .. 55 1,405 — 118 Equipment, plant, &c.— £ Miscellaneous — Office furniture .. .. .. 155 Rent accrued due .. .. .. .. 27 Less depreciation .. .. 15 Suspense (unallocated credits) .. .. 43 141 Audit fees reserve .. .. . • 25 Tools (less depreciation) .. .. .. 4 — 95 Carvings .. .. .. .. .. 6 Loans Repayment Reserve Account .. .. .. 4,722 Library .. .. .. .. .. 42 Income and Expenditure Account .. .. .. 21,173 — 193 Sundry debtors for interest .. .. .. . . 10 Cash on hand and in bank .. . . .. .. 369 £53,452 £53,452

Raniera King, Secretary.

The Audit Office having examined the balance-sheet and accompanying accounts, required l>y law to be audited, hereby certifies them to be correct, subject to the following exception : Part of moneys received by the Board in trust to be applied towards the costs of erection of the proposed Maninihau meeting-house has been used for other purposes—Cyril G. Collins, Controller and Auditor-General.

B—l | I't. IV].

ARAWA DISTRICT TRUST BOARD— continued. Statement of Income and Expenditure for the Year ended 31st March, 1940. Expenditure. Income. £ Grants- — £ £ New Zealand Governinent: Statutory payment .. 0,000 Aged and infirm .. .. .. .. 21 Special grants: Contributions .. .. .. 17 Educational . . .. .. .. 261 Interest — £ Marae .. .. .. .. 841 Board loans . . .. .. .. 353 Special .. .. .. .. .. 546 Shares (Europa) .. .. .. .. 1 1,669 354 Interest — Commissions oil collection of accounts .. .. 17 Treasury bonds .. .. .. .. 879 Arawa Maori Council fees .. .. .. .. 2 R. King .. .. .. .. 3 882 Administration Expenses— Members' expenses .. .. . . 100 Office expenses .. .. .. .. 135 Office rent .. .. .. .. 65 Audit Pees Reserve .. .. .. 25 Salaries .. .. .. .. 455 780 Depreciation— Maketu Farm ........ 84 Office furniture .. .. .. .. 13 -— 97 Maketu Farm : General expenses .. .. .. 21 Balance carried down .. .. .. .. 2,941 £6,390 £6,390 £ ~£ Adjustments of depreciations . . . . .. 196 Adjustment of depreciation . . .. .. .. 6 Loans repayment reserve .. .. .. .. 1,594 Balance brought down .. .. .. .. 2,941 Amount written off.. .. .. .. .. 24 Balance, 31st March, 1939 .. .. .. ..21,173 Balance to balance-sheet .. .. .. .. 22,306 £24,120 £24,120

Balance sheet as at 31st March, Jll4O. Liabilities. Assets. Native Trustee (Treasury) — £ £ Property investments— £ £ (а) Finance Adjustment Loan .. .. 22,016 (a) Maketu property (farm) .. .. 27,787 (б) Village Improvement Loans .. .. 718 (b) Maketu purchases ... .. .. ■ 0,104 22,734 (e) Whakapoungakau 4k .. .. .. 418 Sundry creditors — (d) Other properties .. .. .. 491 (a) Materials and goods .. .. . . 502 34 ( 800 (b) Services rendered .. .. . . 445 Other investments: Shares (Associated Motorists) .. 10 947 Loans (including interest) — Amounts held in trust — Miscellaneous .. .. .. .. 7,173 Sundry Natives .. .. .. . . 471 Workers' dwellings .. .. .. 5,819 Sundry villages .. .. .. 2,033 Agricultural .. .. .. .. 1,597 Sundry tribes .. .. .. .. 40 14,589 _ 2,544 Sundry debtors — Deposits— Ordinary .. .. .. .. 2,357 Otamarac rents .. .. . . .. 03 Maketu fencing .. .. .. .. 484 Opotiki rents .. .. .. .. 00 New Zealand Government .. .. 158 Otamarakau rents .. .. .. 40 Interest .. .. .. .. 10 — 169 3,009 Miscellaneous— Amounts expended (recoverable) — Rent accrued due .. .. .. 59 Sundry tribes .. .. .. 1,220 Suspense (unallocated credits) .. .. 32 Sundry villages .. .. .. .. 1,210 Audit Fees Reserve .. .. •. 50 —— 2,430 Warden fees (for disbursement) . . .. 32 Equipment, plant, &c.— £ — 173 Office furniture .. .. .. 130 Loans Repayment Reserve .. .. .. 0,310 Less depreciation .. .. 12 Income and Expenditure Account .. .. .. 22,300 124 Tools .. .. .. .. .. 3 Carvings .. .. .. .. 5 Library .. .. .. .. 42 Timber on hand .. .. .. .. 9 183 Cash on hand and in bank .. .. .. .. 102 £55,189 £55,189

Raniera King, Secretary.

The Audit Office, having examined the Balance-sheet and accompanying accounts required by law to be audited, hereby certifies tlicm to be correct subject to the following exception : Part of moneys received by the Board in trust to be applied towards the costs of erection of the proposed Maninihau Meeting-house has been used for other purposes.—-Cyril G. Collins, Controller and Auditor-General.

J 5.—1 [PT. IV].

NATIVE DEPARTMENT. Income and Expenditure Account for the Year ended 3U>t March, 1940. Expenditure. Income. Administration expenses — £ £ Departmental receipts: Native Land Court and Maori £ Salaries and allowances .. .. .. !)'J,744 Land Board fees .. .. .. .. 5,020 Travelling allowances and expenses .. 13,590 Administration receipts— £ Advertising, books, and newspapers .. 90 Native Trustee .. .. .. .. 12,200 Agent's commission .. .. .. 10 Maori Land Boards .. .. .. 10,009 Audit fees .. .. .. .. 250 Wi Pere Trust .. .. .. .. 300 Expenses of Board of Native Affairs .. 59 22,509 Expenses of consolidation of Native lands .. 092 Other receipts . . .. . . . . . . 12 Freight and cartage .. .. .. 143 Balance carried down .. .. .. .. 540,899 Fuel, light, and cleaning .. .. .. 706 Law-costs . . .. .. . . 202 Maintenance of furniture, equipment, and motor-vehicles .. .. .. 3,507 Postages and telegrams .. .. .. 5,323 Printing and stationery .. .. .. 3,128 Public Service Superannuation Fund : Native Trustee's contribution . . .. . . 78 Kent .. .. .. .. .. 2,677 Services of Lands and Survey Department.. 166 Services of Post and Telegraph Department 719 Miscellaneous expenses .. .. .. 58 Depreciation .. .. .. .. 1,062 Furniture and equipment written off .. 11 Native housing: Special fees .. .. 26 132,241 Expenses of other services— Ahuwhenua Trophy : Expenses of presentation .. .. .. .. .. 20 Centennial Exhibition Maori participation .. 6,637 Compensation to Natives for Taranaki lands 5,000 Destruction of rabbits on Native lands .. 807 Eradication of noxious weeds .. .. 5,000 Maori Purposes Fund Board, expenses of .. 600 Recoupment to Public Works Fund : Survey liens written off .. .. 8,000 Water-supplies for Natives .. .. 50 Contribution towards cost of memorials .. 300 Grant to Chief Judge .. ... .. 81 Hawke's Bay flood relief .. .. .. 19 Payment to widow of officer deceased .. 26 Transfer to Public Works Fund for employment promotion .. .. .. 400,000 426,540 Expenditure under special Acts of the Legislature : Native Purposes Act, 1931, scction 51 (Arawa Lakes Claim) .. .. .. .. 6,000 Expenditure under Civil List Act, 1920, Part V (Native Purposes)— £ Medical services.. .. .. .. 3,600 Food and clothing .. .. .. 262 Funeral and tangi expenses .. .. 85 Water-supplies and sanitation .. .. 8 Native hostels, expenses of .. . . 197 Hawke's Bay flood relief .. .. .. 64 Miscellaneous .. .. .. .. 48 4,264 ! . £569,045 £569,045 - I —— £ £ Excess of expenditure over income .. .. 541,516 Balance brought down .. .. .. 540,899 Interest on capital .. .. .. ■. 617 £541,516 £541,516 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital Account: Consolidated Fund .. .. 15,436 Land . . .. .. .. .. .. 6,765 Sundry creditors— £ £ Departmental .. .. .. .. 1,665 Buildings .. .. .. .. 3,402 Miscellaneous .. . . .. . . 700 Less Reserve: Unemployment subsidies .. 2 2,365 * 3,400 Amounts held on deposit .. . . . . .. 286 Furniture ond fittings . . .. .. .. 2,250 Writings-ofl in Suspense .. . . . . .. 11 Office appliances and survey equipment . . 766 Treasury Adjustment Account .. .. .. 558,373 Motor-vehicles .. .. .. . .. 2,255 Sundry debtors— £ Departmental .. . . .. .. 353 Sundry .. .. .. ..18,205 18,558 Stationery on hand . . .. .. .. 439 Stamps on hand .. .. .. .. .. 225 Deposits Account .. . . .. .. .. 286 Losses in Suspense .. .. .. .. 11 Excess of expenditure over income .. .. .. 541,516 £576,471 £576.471

0. N. Campbell, Under-Secretary. M. J. Lawless, A.R.A.N.Z., 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 stato 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.

15. 1 [ ?t. TV |.

MAORI PURPOSES FUND BOARD. Receipt and Payments Account for the Year ended 31st March, 1940. ... .. tiecetpts. £ Payments. Balance, Ist April, 1939: Native Trust Office .. .. 58,837 Administration expenses-— £ £ Interest: Native Trust Office, 3 per cent, to 31st March, Salary .. .. .. .. .. 100 1940 .. .. .. .. .. .. 1,719 Audit fee .. .. 21 Grant from Consolidated Fund— Commission .. .. . . , 00 Administration expenses .. .. .. 500 Insurance . . . 1 Equipment and materials .. .. .. 100 Rent and rates .. .. . . '' 172 000 Repairs and maintenance .. .. .. 12 Kent from cottages, Rotorua .. .. .. 35 Sundry expenses .. . . , . 4 Sale of Board's publications, net .. .. .. 35 Water charges .. 0 Sale assets not required .. .. .. .. 22 370 Recoveries of cost of timber sold .. .. .. 173 Grants from Carnegie Corporation Fund— Deposit for Te Kaha Carved Meeting-liouse .. .. 400 Whangara Carved Meeting-house .. . . 236 Waitangi Carved Meeting-house .. .. 250 480 Miscellaneous grants— Subsidized salary and expenses of medical assistance to Natives .. .. .. 214 Half-salary : Princess Te Puea Herangi .. 104 Polynesian Society .. . . . . 250 Te Kaha Carved Meeting-house .. . . 400 Waitangi Carved Meeting-house .. .. 480 Expenses, Native meetings .. .. 10 1,470 interest on grants committed— Turakina College .. .. .. 182 St. Peter's School .. .. .. 108 St. Stephen's School .. .. .. 075 965 Balance, 31st March, 1940 : Native Trust Office .. 58,1fe4 *01.821 £61,821

Income and Expenditure Account for the Year ended 31st March, 1940. . . Expenditure. Income. £ Administration expenses— £ £ Interest at 3 per cent, per annum: Native Trust Office 1,719 Audit lee . . .. . . .. 21 Grant from Consolidated Fund .. .. . HI II) Commission .. .. .. .. 01 g a l e publications, net .. .. .. I Depreciation . . .. .. .. 116 ! Profit on sale asset .. .. .. .. 10 Insurance .. .. .. .. 6 Rent and rates, net . . .. .. 08 Repairs and maintenance .. .. .. 12 Salary .. .. .. .. .. 100 Sundry expenses .. .. .. .. ( Water charges .. .. .. .. 0 391 Grants— Educational: Interest on outstanding school grants .. .. .. .. .. 044 Health services .. .. .. .. 214 Publishing: Polynesian Society .. .. 250 Native meetings and meeting-houses . . 25 Miscellaneous .. .. .. .. 104 1,237 Balance : Excess of income over expenditure transferred to Accumulated Fund .. .. .. .. 702 £2.330 £2,330

15. I [IV IV].

MAORI PURPOSES FUND BOARD—continued. Balance-sheet as at 31st Makcii, 1940. Liabilities. £ Assets. £ Sundry creditors .. .. 648 Cash: With Native Trust Office .. .. •• 58,524 Writings-off in Suspense: Sundry assets .. 148 , , Unpaid school grants 14,300 Sundry debtors, including payments in advance (.4 Special funds £ Timber issued to meeting-houses (recoverable) Katikati Carved Meeting-house .. •• 38 Plus issues for year .. •• 12 Ruatoki Carved Meeting-house .. .. 41 Ngati-Kahunguiw Trust . . . • .. 10 ■ , „ , Western Samoa grant .. .. .. 165 Less recoveries of cost Iroin meeting-houses 172 Carnegie Corporation grant for Maori " arts and crafts .. .. .. •• 342 ■> •inn — 590 Stock of publications .. . . ■ • • • '0. Accumulated fund as at Ist April, 1939 .. 46,316 Bulk stock, Pingao, held for resale .. .. • • 24 pj ug £ Miscellaneous assets, Wellington .. • • Excess income over expenditure .. 702 Plus transfers from other assets and apprcAppreciation of assets to show true ciation .. .. • • • • 4 value 1 , — 143 Publications and library books not Less previouslv recorded .. .. 12 Transfers to losses 111 Suspense .. • ! * 721 Sales .. .. •• ..10 — 44 Loss 47 - 037 15 library books unaccounted .. 02 Office furniture, Wellington '' , „'' 91 Publications held for sale unaccounted 47 Less transfers to losses 111 Suspense and other Other assets unaccounted .. .. 39 assets .. .. • • •' Asset written off .. .. .. 1 ,■ ~. ... ~ - — 14!) Mechanical office appliances, Wellington • • Ho :— 46,888 Plus transfers from other assets .. .. 54 109 300 Less aggregate depreciation .. • • 81* 218 Library at Wellington .. .. • • 262 Plus transfers and additions .. • • 11 27:s 'Less transfers to losses in Suspense .. 62 211 429 Maori Arts and Crafts School, Rotorua- - Cottages .. .. • • • • 397 Workshop .. •. • • • • 305 Office and workshop fittings .. . . 20 Workshop equipment and tools . . . . 16 Less transfer to other assets .. . • 7 — 9 Photographic equipment .. • • 3 Miscellaneous assets .. .. • • 6 Less transfers to other assets .. .. 4 2 Office furniture and equipment . . .. 6 Less sales .. .. .. • • 2 — 4 740 • Less aggregate depreciation .. .. 34 7(Mi Stock of timber .. .. ' .. •• 108 Less disposals .. .. .. .. 12 •—- 96 802 Losses in Suspense: Sundry assets .. •• '48 £62,580 £62,580

. . NoT * —Since the (late of preparation of this balance-sheet assets to the value of £104 2s. sd„ which are shown above as held in a " Losses in Suspense Account," have been located by the Board and will be adjusted in the 1940-41 accounts.

0. N. Campbell, Under-Secretary and Native Trustee. M. J. Lawless, A.R.A.N.Z., Accountant. Colin W. Morrison, Acting Secretary to Board.

I hereby certify that the Receipts and Payments Account, 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 footnote enfaced thereon. —Cyril G. Collins, Controller and Auditor- General.

B.—l [Pt. TV

TRANSPORT DEPARTM ENT. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. Income. £ £ General administration — £ £ Fees under Transport Licensing Act, ,1931 .. 50,787 Advertising, books, newspapers .. .. 119 Less refunds and amounts written off .. 550 Office cleaning .. .. .. • • 37 50, 237 Depreciation— £ Fees under Motor-vehicles Act, 1924 .. .. 88 Motor-car .. .. .. 44 Less refunds .. .. .. 2 Departmental library .... 5 -— ,86 Furniture and fittings .. . . 233 Contributions by Main Highways Board and local bodies Mechanical office appliances .. 68 towards cost of traffic control .. .. .. 11,791 350 Contribution by Third-party Motor Pool towards cost Fuel, light, power, and water . . .. 243 of road-safety education . . .. .. . . 500 Maintenance of mechanical office appliances . . 28 Balance carried down .. .. .. .. 32,342 Expenses of National Safety Council .. 18 Overtime and meal allowances .. .. 95 Postages and telegrams . . .. .. 1,330 Printing and stationery .. .. .. 1,293 Rent of offices .. .. • • • • 1,910 Expenses of Road Transport Compensation Tribunal . . .. .. . . 08 Salaries .. .. • • ..17,085 Telephone services .. .. . . 698 Alterations and repairs to offices .. .. 280 Sundry expenses .. .. . . 44 " L " plates for motor-cycles .. .. 17 Travelling-expenses .. .. .. 415 — 24,636 Expenses of Licensing Authorities — Advertising .. .. . • • • 706 Depreciation : Motor-cars .. . . 193 Travelling allowances and expenses . . 457 I Car-running expenses .. .. .. 559 Expenses of Conferences .. .. .. 40 Salaries .. .. •• •• 2,600 Services of Registrar of Motor-vehicles .. 320 Travelling-allowances —• £ Secretaries .. . . .. 340 Inspection of accounts .. .. 822 1,162 6,037 V ehicle-inspection — Car-running expenses .. .. .. 2, 365 Depreciation — £ Motor-cars .. .. •. 636 Brake-testing machines .. .. 18 Ramp . . • • • • 3 657 t . Repairs to vehicles damaged in brake-test .. 61 Maintenance and replacement of sundry equipment .. ■ • • • • • 170 Salaries .. .. • • • • 9,201 Telephone services .. .. • • 167 Travelling-expenses .. .. .. 1, 325 13,946 Traffic Inspection — Car-running expenses .. .. .. 15,123 Depreciation — £ Motor-cars and cycles .. .. 2,849 Loadometers .. • . .. 128 Loadometer testing-machine .. 3 First-aid equipment .. .. 6 Loud-speaker equipment .. 6 Sirens .. • • ■ • 26 3,018 Fees for courses of instruction .... 1 Maintenance of equipment .. .. 225 Printing and stationery .. .. . • 131 Sundry equipment .. .. • • 33 Salaries 20,962 Telephone services .. .. • • 933 Translation fees and witnesses' expenses .. 96 Travelling-expenses . . .. • • 2,256 Uniforms .. .. -1.013 Expenses consequent on death of Traffic Inspector .. . . • • • • 1,092 1 44,883 Civil EngineeringStatistics of accidents .. .. •. 300 Salaries .. .. • • • • 1 > 286 Travelling-expenses .. .. • ■ 118 Depreciation .. . ■ • • • • 2 ' 1.706 Safety education and propaganda— General education and propaganda . • 1,194 Travelling-expenses .. .. •• 512 Salaries .. .. •• •• 2,028 Depreciation .. .. • ■ ■ • 14 3,748 £94,956 £94,956 £ £ £ Balance brought down .. .. .. 32,342 Excess of expenditure oyer income .. .. ..32,878 Interest on capital .. .. ■. ■ • 536 £32,878 £32,878

B.—l | Pi. IV].

TRANSPORT DEPARTMENT—continued. Balance-sheet as at 31st March, 1940. Liabilities. £ Afsets. £ Capital as at 31st March, 1940 .. .. •• 12,020 Brake-testing machines .. .. .. .. 289 Fees under Transport Licensing Act, 1931, received in First-aid equipment .. .. .. 72 ' advance .. . . • • ■ • • • 458 Forms and stationery on hand . . .. .. 700 Sundry creditors— £ Furniture and fittings .. . . .. .. 2, 326 Departmental . . . . . . • • 1,247 Library .. .. .. . ■ .. .. ' Other .. .. •• •• 1,121 Loadometers .. .. .. .. .. 1,394 2,368 Loadometer testing-machine .. .. .. 21 Writings-off, Reserve .. .. ■■ • • 121 Loud-speaker equipment .. .. .. .. 107 Treasury Adjustment Account .. .. .. 32,501 Mechanical office appliances .. .. .. .. 466 Motor-cars .. .. .. -. 6,681 Ramp for vehicle-inspection .. .. .. 39 Sirens .. .. . • . • • • • • 330 Stamps on hand .. .. .. .. •. 103 Sundry debtors — £ Departmental .. .. .. .. 92 Other .. .. .. .. .. 1,423 1,515 Civil engineering equipment .. . . .. 24 Stocks of motor-cars accessories .. .. .. 91 Stocks of first-aid requisites .. .. . . 4 " L " plates on hand .. .. .. .. 29 Projectors and other road-safety equipment .. .. 198 Sundry payments in advance .. .. .. 8 Assets in Suspense .. .. .. .. .. 121 Income and Expenditure Account .. .. .. 32,878 £47,468 £47,468 n r G, L. Laurenson, Commissioner of Transport. C. W. Harper, A.R.A.N.Z., 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, Controller and Auditor-General.

MINING ADVANCES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1910. Expenditure. £ Income. £ Interest on capital .. .. •• •• 1,200 Interest on advances .. .. .. ■■ 740 Reserve for losses .. .. • • • • • ■ 386 Balance: Loss .. .. .. .. .. 1 > all Losses irrecoverable .. •. • • • • 072 £2,257 £2,257 Balance sheet as at 31st March, 1910. Liabilities. £ Assets. £ Capital Account— £ Advances .. .. •• •• •• 14.010 Loans at 3 per cent. .. .. 2,510 Sundry debtors .. .. .. .. •• 0.^74 Loans at 34 per cent. .. .. .. 23,545 Assets in Suspense .. .. .. •• «7^ Loans at 4 per cent. .. .. .. 7,515 Treasury Adjustment Account .. ~ 17,14.1 ■ 33,570 Excess of expenditure over income .. .. .. 1,511 Reserve for losses .. .. .. • • • • 0,274 Writings off Suspense .. •• (l £40,516 £40,516

C. H. Benney, Acting Under-Secretary. M. L. Thomas, 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, Controller and Auditor-General.

Approximate Cost of Paver.—Preparation, not given ; printing (548 copies), £125.

By Authority: E. V. Paul, Government Printer, Wellington.—l94o.

Price Is. fid.]

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1939-40. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.), Appendix to the Journals of the House of Representatives, 1940 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1939-40. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1940 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1939-40. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1940 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1939-40. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1940 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1939-40. AUDITED ACCOUNTS. (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932.) Appendix to the Journals of the House of Representatives, 1940 Session I, B-01-part04

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