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WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT. * Income and Expenditure Account from Ist April, 1911, to 31st March, 1923. Expenditure. £ s d. Income. £ s. d. To Interest on first loan of £150,000* .. 51,393 16 6 By Interest earned on loan-money temporarily Sinking fund contributions on first loan invested pending use.. .. .. 13,740 11 2 of £150,000* .. .. .. 2,782 4 6 Contributions from— £ s. d. Expenses of administration .. .. 120 2 3 Gold-mining companies 8,074 16 11 Consolidated Fund .. 8,074 16 11 Gold duty .. .. 24,224 11 0 40,374 4 10 Balance, deficiency carried to balance-sheet 181 7 3 £54,296 3 3 £54,296 3 3 * Interest and sinking fund on loans in excess of £150,000 are provided out of Consolidated Fund, and are not therefore a charge against this account. Balance-sheet at 31st March, 1923. Liabilities. Assets. Debentures issued— £ s. d. £ s. d. Value of works at Waihou and £ s. d. £ s. d. Waihou and Ohinemuri Ohinemuri Rivers at cost to date .. 312,492 13 0 Rivers Improvement Act, Debtors for contributions— 1910 .. .. 150,000 0 0 Consolidated Fund .. .. 1,228 8 11 Waihou and Ohinemuri Gold duty .. .. .. 3,703 3 3 Rivers Improvement Act, Gold-mining companies .. 161 11 0 1910, and Finance Act, 5,093 8 2 1919, sec. 6 .. .. 150,000 0 0 Cash in the Public Account at 31st Waihou and Ohinemuri March, 1923 .. .. 6,629 1 6 Rivers Improvement Act, Imprests outstanding in London 8,514 0 0 1910, and Finance Act, 15,143 1 6 1922, sec. 16 .. .. 26,000 0 0 326,000 0 0 332,728 17 8 Arrears of interest payments 2,745 8 4 Excess of expenditure over income, carried from I nterest accrued .. .. 969 6 3 Income and Expenditure Account .. 181 7 3 Arrears of sinking fund contributions .. .. 376 12 10 4,091 7 5 Sundry creditors .. .. .. .. 2,818 17 0 £332,910 4 11 £332,910 4 11 J. J. Gibson, Acting Accountant, Public Works Department. 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 rate authorized by section 17 (d), Waihou and Ohinemuri Rivers Improvement Act, 1910, has not been levied. —G. F. C. Campbell, Controller and Auditor-General.