21

B,—l [Pt. 111, Sup.

LAND AND INCOME TAX DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1922. Dr. £ s. d. Cr. £ s. d. To Advertising, books, &c. .. .. 482 14 11 By Land-tax Account .. .. .. 1,744,430 19 6 Cleaning and removal of rubbish .. .. 47 13 10 Income-tax Account .. .. .. 6,164,846 7 2 Contingencies .. .. .. .. 20 3 10 Forms, stationery, efcc. .. .. .. 4,040 15 11 Law-costs .. .. .. .. 196 0 5 Postages and telegrams .. .. .. 3,743 5 4 Post and Telegraph Department collection fee 1,475 7 8 Rent .. .. ... .. .. 1,732 3 0 Repairs to machines .. .. .. 43 1 4 Salaries .. .. .. .. 32,143 11 0 Telephone services .. .. .. 111211 Temporary assistance .. .. .. 1,812 1 5 Travelling allowances and expenses .. 1,450 2 4 Contribution to Valuation Department .. 15,771 10 0 Depreciation on office furniture, fittings, library, &c. .. .. .. .. 186 6 1 Suspense Account for default assessments, &c. 75,000 0 0 Balance carried down .. .. .. 7,771,02.1 0 8 £7,909,277 6 8 v £7,909,277 6 8 £ s. cl. £ s. d. To Interest on capital .. .. .. 228 1 2 By Balance brought down .. .. 7,771,021 6 8 Excess of revenue over expenditure .. 7,770,793 5 0 £7,771,021 6 8 £7,771,021 6 8 Percentage cost of collection of revenue, 1-748. Balance-sheet as at 31st March, 1922. Liabilities. Assets. Capital Fund—Liability to Treasury, Ist £ s. d. Office furniture and fittings, £ s. d. £ s. d. April, 1921 .. .. . . .. 4,845 15 9 Ist April, 1921 .. .. 3,585 0 0 Liability to Treasury in respect of outstanding Additions during year .. 45 14 6 accounts, Ist April, 1921 .. .. 3163,523 6 10 Sundry creditors — £ s. d. 3!,63!0 14 6 Outstanding expenses .. 19,216 9 9 Deduct transfer to Internal Land-tax* .. .. 15,917 12 5 Affairs Department .. 2 5 0 Income-tax* .. .. 253,500 7 6 . 288,634 9 8 3,628 9 6 Suspense Account for default assessments, &c. .100,000 0 0 Depreciation (5 per cent, on Excess of revenue over expenditure .. 7,770,793 5 6 £3,582 155.) .. .. 179 2 9 1 3,449 0 9 Forms and stationery .. .. 1,074 14 6 Library Account, Ist April, 1921 .. .. .. 143 7 6 Additions during year .. 6 17 0 150 4 6 Less depreciation (5 per cent. on £143 7s. 6d.) .. .. 7 3 4 143 1 2 Official stamps .. .. .. 22 2 3 Value of unexpired portions of railway passes.. 297 8 8 Sundry debtors— £ s. d. Land-tax .. .. 309,025 10 4 Income-tax .. .. 609,918 15 5 918,944 5 9 Treasury Adjustment Account .. 7,603,865 18 8 £8,527,796 17 9 £8,527,796 17 9 Contingent liability in respect of bills discounted by Bank of New Zealand, £167,540 12s. lid. * Includes amounts )iiiiu in advance and overpayments subject to adjustment. Land and Income Tax Department, 6th September, 1922. D. G. Clark, Commissioner of Taxes. 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.—G. E. C. Campbell, Controller and Auditor-General.