B.—l [Pt. IV, Sup. BJ.

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LAND AND INCOME TAX DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Advertising, books, &c. .. .. 502 5 3 By Land-tax .. .. ..1,401,785 19 11 Contingencies .. .. .. 39 9 2 Income-tax .. .. .. 3,851,058 11 5 Hire of machines .. .. 1 7 11 Conscience-money .. .. 80 18 0 Law-costs .. .. .. 2,037 2 11 Interest and dividends .. .. 395 11 9 Office requisites (including printing and stationery) .. .. 2,477 7 5 Payment to Customs Department for services of officers .. ' .. 200 0 0 Payment to Post and Telegraph Department for services of officers.. 1,769 18 10 Postages and telegrams .. '.. 2,238 0 5 Repairs and renewals to office equipment .. .. .. 177 1 3 Rent .. .. .. .. 1,702 0 0 Salaries .. .. .. 31,004 15 4 Telephone services .. .. 45 6 6 Temporary assistance .. .. 610 2 2 Travelling allowances and expenses 1,848 8 8 Contribution to Valuation Department .. .. .. 2,626 8 0 Credits to Consolidated Fund— Re D. Finlayson and others .. 50 2 8 Re W. J. and A. W. Entwistle .. 191 12 10 Interest allowed to taxpayers in pursuance of section 184, Land and Income Tax Act, 1923 .. 2,407 1 4 Depreciation on office furniture, fittings, mechanical appliances, and library .. .. .. 444 5 2 Balance carried down .. ..5,202,828 5 3 £5,253,321 1 1 £5,253,321 1 1 £ s d. £ s. d. To Interest on capital .. .. 213 0 0 By Balance brought down .. ..5,202,828 5 3 Excess of revenue over expenditure 5,202,614 19 3 £5,202,828 5 3 £5,202,828 5 3 Percentage cost of collection of revonue, 0-901. Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital—Liability to Treasury, Ist April, Office furniture and fittings 3,260 12 8 1923 .. .. .. .. 4,739 19 2 Add additions during Sundry creditors— £ s. d. year .. .. 142 12 6 Outstanding expenses .. 4,214 1 5 Land-tax* .. .. 0,990 13 2 3,403 5 2 Income-tax* .. .. 17,341 1 3 Less transferred to In--28,551 15 10 ternal Affairs .. 68 3 6 Depreciation reserve.. .. .. 1,238 5 0 3,335 1 8 Suspense Account for default assess- Library .. .. 181 7 0 ments, &c. .. .. .. 150,000 0 0 Additions during year 10 15 6 Excess of revenue over expenditure 5,202,014 19 3 192 3 0 Office appliances .. 1,297 19 0 Additions during year 315 17 0 1,613 16 0 5,141 1 2 Forms and stationery . . .. 984 5 9 Official stamps .. .. 33 10 11 Sundry debtors— Land-tax .. .. 337,921 12 8 Income-tax .. .. 398,001 12 9 730,523 5 5 Treasury Adjustment Account .. 4,031,801 5 7 Cash in hands of Postoffice, 31st March, 1924— Land-tax .. .. 8,507 10 2 Income-tax .. . . 4,093 14 3 12,601 10 5 £5,387,144 19 3 £5,387,144 19 3 * Includes amounts paid in advance and overpayments, subject to adjustment. Contingent liability in respect of bills discounted by Bank of Now Zealand, £32,318 lis. 9d. 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, except that the accounts include charges against the Department for rent and interest for which the Department possesses no parliamentary authority.- -G. F. C. Campbell, Controller and Auditor-General.