B—l [Pt. HI

49

LAND AND INCOME TAX DEPARTMENT. Balance-sheet as at 31st March, 1921. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. Capital Fund— Office furniture, fittings, Liability to Treasury, &c, Ist April, 1920 .. 3,550 10 6 Ist April, 1920 .. 3,294 2 6 Additions during year .. 212 0 0 Add interest on capital 148 4 9 3,442 7 3 3,762 10 6 Liability to Treasury in respect of Less depreciation outstanding tax accounts, Ist April, (5 per cent, on 1920 .. .. .. .. 676,433 9 3 £3,550 10s. 6d.) .. 177 10 6 Sundry creditors— 3,585 0 0 Outstanding expenses, 31st March, Forms and stationery .. .. 1,090 5 2 1921 .. .. .. .. 594 12 2 Library as at Ist April, Suspense land-tax .. .. 1,831 15 11 1920 .. .. 132 10 0 Suspense income-tax* .. .. 277,013 7 4 Additions during year.. 17 10 0 Excess of revenue over expenditure .. 9,702,075 1 9 150 0 0 Less depreciation .. 6 12 6 143 7 6 Official stamps .. .. 27 3 1 Sundry debtors— Land-tax .. .. 190,014 14 1 Income-tax .. 495,383 6 11 685,398 1 0 Treasury Adjustment Account .. 9,971,146 16 11 £10,661,390 13 8 £10,661,390 13 8 Contingent liability on bills under discount, £505,505 4s. sd. Income and Expenditure Account for the Year ended 31st March, 1921. Dr. £ s. d. Or. £ s. d. ToSalaries .. .. .. 29,835 0 0 By Land-tax Account .. ..1,693,148 15 5 Advertising .. .. .. 588 12 1 Income-tax Account .. .. 8,060,007 10 0 Contribution to Valuation Office .. 7,740 0 0 Law-costs .. .. .. 1,383 11 6 Printing and stationery (office requisites) .. .. .. 3,144 5 5 Repairs to machines .. .. 65 0 0 Post and Telegraph (service of officers) 1,343 0 0 Postage and telegrams .. .. 3,091 7 0 Temporary assistance .. .. 1,113 13 10 Travelling allowances and expenses.. 1,217 0 1 Contingencies (miscellaneous ex - penses) .. .. .. 48 6 0 Credits to Consolidated Fund (re Bisson, £199; re Oppenheimer, C. C, Ltd., £130) .. .. 329 0 0 Rent .. .. .. .. 850 0 0 ♦ Depreciation, office furniture, &c. .. 184 3 0 Balance carried down .. ..9,702,223 6 6 £9,753,156 5 5 £9,753,156 5 5 £ s. d. £ s. d. To Interest on capital .. .. 148 4 9 By Balance carried down .. ..9,702,223 6 6 Excess of revenue over expenditure 9,702,075 1 9 £9,702,223 6 6 £9,702,223 6 6 Percentage cost of collection of revenue, 0-535. D. G. Clark, Commissioner of Taxes. * Includes income-tax paid in advance, subject to adjustment.

7—B. 1 [Pt. Ill].