53

B.—l [Pt. lIIJ.

NAURU AND OCEAN ISLANDS. Balance-sheet as at 31st March, 1921. Liabilities. Assets. Capital — Debentures 1 to 12, issued 1/12/20, £ s. d. I Share (of 16 per cent.) in Nauru and Ocea,n £ s. d under Finance Act, 1920, s. 15, maturing Islands, including £5,040 paid to employees of 1/12/25 (interest at 5 per cent., payable Ist vendor company as compensation for loss of June and Ist December) .. .. .. 600,000 0 0 employment; £9,300, the estimated New ZeaSundry creditors — land share of adjustments between the vendors British Phosphates Commission for working and Commissioners on the transfer of the busicapital .. .. .. .. 6,000 0 0 ness; £6,000, portion of working capital to Other creditors .. .. .. .. 19,317 7 9 British Phosphates Commission .. .. 580,340 0 0 Interest accrued on debentures .. .. 9,863 0 0 Sundry debtors— £ s. d. Interest Reserve Account .. .. .. 4,237 16 0 On account of interest .. 25,426 16 0 £ s. d. On Trading Account .. 6,216 18 10 Balance from Trading Account .. 362 510 31,643 14 10 Balance from Interest Account .. 992 7 1 Interest accrued on investments .. 617 5 9 1,354 12 11 Investments .. .. .. 10,000 0 0 Cash in Public Account .. 17,85116 1 Contingent liability — New Zealand's share of Imprest outstanding in London 320 0 0 legal expenses in connection with purchase of 18,171 16 1 Nauru and Ocean Islands from Pacific Phos- j phates Company .. .. .. .. £640,772 16 8 j £640,772 16 8 Trading Account for the Nine Months ended 31st March, 1921. Dr. £ s. d. i Cr. £ s. d. To Purchase of phosphates .. .. .. 8,854 1 1 By Sales of phosphates .. .. .. 20,340 711 Administration charges .. .. .. 203 8 1 Brokerage .. .. .. .. 80 15 3 Agents' commission .. .. .. 203 8 1 Freight on cargo .. .. .. 10,768 811 Loading charges .. .. .. .. 19 6 9 General expenses .. .. .. .. 10 4 5 Net profit on Trading Account .. .. 362 5 10 £20,421 3 2 £20,421 3 2 Interest Account for the Nine Months ended 31st March, 1921. £ s. d. j £ s. d. To Interest accrued on debentures .. -. 9,863 0 0 By Interest on investments paid and accrued to Interest on advance from Consolidated Fund.. 11,391 14 10 j date .. .. .. .. .. 1,058 111 Balance of interest .. .. .. 992 7 1 Interest charged British Phos- £ s. d. phates Commission, 6 per cent, on £565,040 for nine months .. .. 25,426 16 0 Less provision for reduction of interest to 5 per cent. .. 4,237 16 0 21,189 0 0 £22,247 1 11 £22,247 1 11 A. R. Stone, For Director-General, Department of Agriculture.

PENSIONS DEPARTMENT. Balance-sheet as at 31st March, 1921. Liabilities. Assets. £ £ Capital funds— £ Office furniture, fittings, and equipCapital as at Ist April, 1920 .. • .. 4,300 ment .. .. ..3,500 Sundry creditors — Less depreciation, 5 per cent. .. 175 Instalments paid but not cleared by • 3,325 Treasury— £ Stationery .. .. .. .. 800 War Pensions Act, 1915 .. 337 Sundry debtors— Pensions Act, 1913 .. .. 257 Amount owing by Commonwealth Epidemic pensions .. .. 19 Government .. .. .. 24,198 613 Amount owing by Canadian GoUnpaid instalments— . ment .. .. .. 1,078 War Pensions Act, 1915 .. 13,427 Amount owing by Union of South Pensions Act, 1913 .. .. 5,474 Africa Government .. .. 73 Miner's Phthisis Act, 1915 .. 333 • 25,349 Epidemic pensions .. .. 107 Excess of expenditure over income for year 19,341 ended 31st March, 1921 .. * ..2,981,510 Amount paid by Commonwealth Government to 31st December, 1920 .. .. .. 21,760 Amount estimated to have been paid by Commonwealth Government from Ist January, 1921, to 31st March, 1921 .. .. 7,078 Amount paid by Union of South Africa Government .. .. 277 Amount paid by Canadian Government .. .. .. 1,679 30,794 Amount owing to Post Office .. .. 2,518 Amount owing to Printing and Stationery Department .. .. .. 179 Treasury Adjustment Account .. .. 2,953,239 £3,010,984 £3,010,984