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Balance-sheet of the New Zealand State Coal-mines. Statement of Liabilities and Assets at -ilst March, 1908. Liabilities. £ s. d. £ a. d Assets. £ s. d. £ ». d £ s d Debenture loan .. .. .. .. .. 100,000 0 0 Point Elizabeth Colliery and Development Property Account — Sundry creditors .. .. .. .. 19,128 2 11 Cost at 31st March, 1907 .. .. .. .. 16,419 1 11 Acorued interest .. .. .. .. 1,750 0 0 Additional outlay during the year .. .. ... 2,061 4 6 Debenture sinking fund .. .. .. 7,600 0 0 28,478 2 11 18,480 6 5 Depreciation, 10 per cent. .. .. .. .. 1,848 0 7 General Profit and Loss Account— Maohinery, plant, ropes, and rolling-stook— IP 632 5 in Balance of profit at 31st March, 1907 .. 33,468 14 2 Cost at 31st Maroh, 1907 .. .. .. .. 27,628 13 3 Net profits for the year ended 31st Maroh, Additional outlay during the year .. .. .. 5 523 15 9 1908 .. .. .. .. 8,440 8 3 41,909 2 5 33,152 9 0 Depreciation, 10 per cent. .. .. .. 3,915 4 11 Buildings at mme—• 29 837 4 1 Cost at 31st March, 1907 .. .. .. .. 2,200 0 1 Additional outlay during the year .. .. .. 1,275 9 6 „ 3,475 9 7 Depreciation, 10 per oent. .. .. ~. .. 347 n 0 Cottages— 3 joy jg 17 Cost at 31st March, 1907 .. .. .. 218 14 0 Additional outlay during the year .. .. 1,816 1 5 2,034 15 5 Depreciation, 10 per cent. .. .. .. .. 203 9 6 Stores (stook on hand) .. .. .. .. .. 4,398 13 6 Timber (stock on hand) .. .. .. .. • .. ' 155 911 Coal (stook on hand, at mine and wharf) .. £597 16 1 Coal (stock on hand, afloat) .. .. 876 16 1 1,474 12 2 Beddonville Colliery and Development Property Account— _!_ _ e 7 , w ,„ „ Cost at 31st Maroh, 1907 .. .. .. .. 12,445 10 4 o<,4S, 10 0 Additional outlay during the year .. .. 1 414 ig 2 ' 13,860 8 6 Depreciation, 10 per cent. .. .. .. 1 386 0 10 Maohinery, plant, ropes, and rolling-stook— —! 10 474 7 a Cost at 31st March, 1907 .. .. .. .. 13,178 8 7 Additional outlay during the year .. .. .. 38 5 3 13,216 13 10 Depreciation, 10 per cent. .. .. 1,821 13 4 D -.j, 11,895 0 6 Buildings at mineCost at 31st March, 1907 .. .. .. .. 430 2 2 Depreciation, 10 per cent. .. .. 43 0 3 Cottages— —, 387 l ~ Cost at 31st March, 1907 .. .. .. .. 262 8 10 Depreciation 10 per cent. .. .. .. ~ 26 4 11 Briquette plant— oac .j i. Cost at 31st March, 1907 .. .. .. 11,863 11 5 Additional outlay during the Year .. .. .. 3,658 5 5 — 15,521 1(1 10