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B.—l [Pt. IV].

STATE FOREST SERVlCE— continued. Balance-sheet as at 31st March, 1923. Liabilities. Assets. Sundry creditors— £ s. d. £ s. d. £ s. d. £ s. d. National Endowment Standing forests .. .. .. 33,745,646 0 0 Account .. 21,415 15 7 Forest improvements— On Open Account. .. 4,872 14 0 Demarcation .. 194 0 5 Interest aoorued to Roads and trails .. 166 18 3 3.lst March, 1923 .. 4,545 0 1 Protection improve--30,833 15 8 ments .. .. 35 1 10 Consolidated Fund—Grants made .. 59,250 0 0 390 0 0 Loan Account—Debentures and stock Plantations and nurseries .. .. 951,200 3 11 issued .. .. .. .. 501,171 0 3 Land .. .. .. .. 1,834,002 10 0 Reserve Account—Balance from lncomo Experimental works— and Expenditure Account .. .. 83,594 12 5 Sand dune reclamaForest Capital Account .. .. 36,146,892 2 3 tion .. .. .1,370 5 8 Westland Forest Experimental Station 1,153 7 5 2,523 13 1 Departmental property— Field equipment .. 2,312 10 0 Office equipment .. 2,254 5 0 Motor-vehicles .. 1,188 7 3 Telephone-lines .. 23 910 Fire-fighting equipment .. .. 214 14 10 Photographic equipment .. .. 153 7 6 Reference library .. 517 18 7 Ecology equipment .. 50 4 8 Timber-testing equipment .. .. 51 17 3 Forest atlas .. 497 9 3 7,264 4 2 Sinking Fund—Amounts paid with interest .. .. .. .. 1,340 12 10 Sundry debtors— State forests .. 97,940 8 9 Nurseries and plantations .. .. 197 7 II Interest accrued on Investment Account 1,148 4 3 Accounts paid in advance .. .. 84 9 3 99,370 10 2 Cash— Investments .. 100,843 19 1 In Publio Aooount .. 1.0,532 6 4 Imprests outstanding 2,413 0 8 Treasury Stamp Duties Suspense Account .. .. 208 15 10 179,998 1 11 £36,821,741 16 7 £36,821,741 10 7 Notes, (1.) All lands under the jurisdiction of the State Forest Service have been non inally valued at ss. per acre. (2.) The value of standing indigenous forests has been established by the Director of Forestry. (3.) Plantations have been valued at cost plus compound interest less returns compounded. E. Phillips Turner, Secretary of Forestry. A. W. Gyles, Accountant. I hereby certify that the Income and Expenditure Ace aunt 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. F. C. Campbell, Controller and Auditor-General.