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Trading Account. £ s. d. £ s. d. To Gum on hand, Ist April, 1921 . . 34,042 8 1 By Gum on hand, 31st March, 1922 .. 60,276 18 7 Purchases of gum .. .. 38,64117 10 Sales of gum .. .. .. 21,852 6 1 Wages .. .. .. . 2,920 15 5 Gum sent on consignment .. .. 366 18 1 Freights inward .. .. .. 2,209 2 2 Balance, being gross profit to Profit and Loss Account .. .. 4,681 19 3 £82,496 2 9 £82,496 2 9 Profit and Loss Account. £ s. d. I £ s. d. To Freights outward .. .. .. .1,602 13 8: By Trading Account .. .. .. 4,68119 3 General expenses .. .. .. 178 13 9 Timber Account .. .. .. 4 12 6 Cables .. .. . . .. 49 11 0 Gum cases and sacks . . .. 393 7 7 Fire insuranoe .. .. .. 205 12 10 Printing and stationery . . .. 17 12 10 Depreciation .. .. .. 77 7 9 Travelling-expenses <>f Superintendent and staff . . . . . . 24 I) 6 Kent .. .. ' . . .. 300 0 0 Consumable stores .. .. 31 13 0 Salaries .. . . . . . . 645 8 4 Balance carried down .. .. 1,160 1 6 £4,686 11 9 £4,68!> 11 9 To Balance on Ist April, 1921 .. .. 4,154 4 31 By Balanco brought down .. .. 1,160 I 6 Interest on debentures .. .. 2,879 16 1 i Interest, on inscribed stock .. 014 2 Balance carried to balance-sheet .. 5,873 4 8 £7,034 0 4 £7,034 0 4 Balance-sheet. Liabilities. £ s. d. Assets. £ s. d. Loan Account, Debentures Land at face-works and elsewhere, with issued under Kauri-gum £ s. d. buildings, fences, and improvements .. 5,256 18 7 Industry Act, 1914 .. 75,000 0 0 Vaouum tank, fittings and plant, and Less sinking fund in hands royalty short-workings .. .. 2,900 610 of Treasury . . .. 102 12 8 Plant aiid store fittings .. .. 295 12 6 74 897 7 4 Tools, Auckland and depots .. .. 61 17 7 Crown Land Account .. .. 500 0 0 Live and dead stock .. .. .. 58 14 3 Sundry creditors for supplies, ifco. .. 177 13 2 Furniture and ollice fittings .. .. I 17 (I 5 Sundry creditors for gum purchases .. 713 2 0 Sacks, gum-cases, and consumable stores 629 12 8 Interest on debentures .. .. 2,658 2 9 j Charges paid in advance .. .. 100 12 8 Gum on hand .. .. . . 60,276 18 7 Gum on consignment .. .. 1,429 14 4 Cash on hand .. .. .. 1,945 6 2 Profit and Loss Account .. .. 5,873 4 8 £78,946 5 3 j £78,946 5 3 R. P. GsEVTLLE, Kauri-gum Superintendent. I hereby certify that the balance-sheet and supporting statements have been duly examined and compared with tho relative books and documents submitted for audit and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

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