B.—l [Pt. IV, Sup. B].

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DEFEN( !E DEPARTMENT—conimMd. Balance-sheet as at 31st March, 1924. Liabilities. Assets. £ s. d. £ s. d. Capital funds— £ s. d. £ s. d. Public Works Fund — Liability to Treasury Land and buildings .. .. 601,243 4 5 Ist April, 1923 .. 2,708,567 17 11 Additions .. .. .. 109,589 Hi 4 Value of gifts from Imperial Govern- 710,833 0 9 ment .. .. 47,677 10 4 Less Buildings Suspense Account .. 2,804 0 I 2,756,245 8 3 708,029 0 8 Treasury Adjustment Account .. 1,470,079 12 5 Mortgage on building— . Depreciation Reserve Account .. 31,741 19 9 Invercargiil .. .. .. 400 0 0 Stores Depreciation Reserve Account .. 381,441 4 0 Less repayment .. .. 200 0 0 Nelson Province Rifle Prize Fund .. 1,134 0 0 ! 200 0 0 Rents received in advance .. .. 282 9 9 Advance to the New Zealand Flying Sundry creditors .. .. .. 23,190 610 School .. .. .. .. 4,850 0 0 Consolidated Fund— Armament and small-arms ammunition .. .. .. .. .. 738,025 6 3 » Ordnance stocks at vocabulary figures 2,237,842 0 7 Less Stock Suspense Account .. 419 16 6 2,237,422 4 1 Less Stock Adjustment Account .. 40,000 0 0 2,197,422 4 1 A.S.C. supplies .. .. .. .. 165 14 4 Unit equipment and stocks .. 466,401 1 4 Less Stock Suspense Account .. 2,464 3 3 463,936 18 1 Less depreciation and stocks consumed .. .. .. 104,012 5 5 359,924 12 8 Stationery and publications .. .. 620 6 0 Libraries .. .. .. 540 14 9 Additions .. .. .. 184 12 0 725 6 9 Defence vessels and stores .. .. 6,740 6 1 Aerial machines and spares .. 43,920 5 0 Additions .. .. .. 12,245 5 7 56,165 10 7 Less depreciation and spares consumed .. .. .. 4,453 6 6 51,712 I I Oil and spirits (aircraft) .. .. .. 2,595 13 9 Wireless sets .. .. .. .. 1,693 2 10 Furniture .. .. .. .. 22,351 1 7 Live-stock—Horses at valuation .. .. 279 16 7 Nelson Province Rifle Prize Fund Investment Account .. .. 1,000 0 0 Deposits Account .. .. 134 0 0 1,134 0 0 Sundry debtors .. .. .. 5,1.48 14 7 Rents accrued .. .. .. 221 1 4 5,369 15 II Value unexpired portion railway passes. &c. .. 1,753 2 5 Stamps .. .. .. .. .. 293 4 10 Recoverable items of expenditure .. .. 600 0 0 Excess of expenditure over income— Aviation Revenue Account .. 12,839 10 10 Headquarters General Activities Revenue Account .. .. 221,993 Hi 6 Territorial Revenue Account .. 170,574 19 10 Cadet Revenue Account .. 80,064 13 11 Army Ordnance Stores Revenue Account .. .. .. 73,167 19 1 " Janie Seddon " Revenue Account 819 8 10 " Lady Roberts " Revenue Account 175 13 2 559,636 2 2 £4,664,121 1 0 £4,664,121 1 0 H. M. Griffen, Lieut.-Oolonel, Director of Financial Services. Guy C. Pelton, Captain, Accountant. I hereby certify that the Revenue Accounts 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 —(I) The accounts include charges against the Department for rent, interest on capital, and £935,048, the value of assets taken over from War Expenses Account, for which there is no appropriation of Parliament, and also credits for rents for which the Departments concerned possess no parliamentary appropriation ; (2) the reduction of £40,000 in value of equipment stocks is as estimated by the Chief Ordnance Officer. —G. F. C. Campbell, Controller, and Auditor- General.