B.—l [Ft. IV].

WAR EXPENSES AOOOUNT— continued. Treasury (Consolidated Fund) Account, 31st March, 1922. 1922. £ s. d. 1921. £ s. d. Mar. 31. Mar. 31. To Interest on investments, including accrued 138,119 10 0 Byßalance .. .. .. .. 10,217,709 19 10 Proportion of interest on loans (Ropatria- 1922. tion Department) to 31st March, 1922.. 145,074 I 8 Mar. 31. Balance carried down .. .. .. 18,719,712 5 7 By Interest on loans, including accrued .. 5,007,815 4 2 Contributions to Sinking Fund, 1915-22,. 3,132,630 13 9 Loans redeemed (15.-1, Pt. 1, page 30) .. gf 500,000 0 0 National Provident Fund and friendly socioties .. .. .. .. 85,350 0 0 £19,003,505 17 9 £19,003,505 17 9 £ s. d. By Balance brought down .. .. 18,719,712 5 7 L. 0. FORQIE, Officer in Charge War Expenses. Balance-sheet as at 31st March, 1922. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. War-loan capital .. 81,550,540 0 0 Cash in Public Account .. .. 85,073 13 6 Less loans redeemed 500,000 0 0 Imprests outstanding— ■ 80,990,510 0 0 New Zealand .. 71,138 13 2 Securities issued to cover expenses of raising London . . . . 56,225 19 3 loans .. .. .. .. 695,289 8 0 127,364 12 5 Contributions, &c, re- Investments Account (War-loan moneys) .. 3,498,000 19 6 ceived towards War Ex- £ s. d. Investments on account of Sinking Fund penses funds. . .. 174,148 10 6 (see contra) .. .. .. .. 3,451,100 19 0 Less amounts re- Sundry debtors (interdepartmental only; see funded and trans- ] footnote;) .. .. .. .. 25,020 11 2 forred .. .. 3,274 13 9 Ordnance and equipment stocks .. .. 57,085 19 7 170,873 10 9 £ s. cl. Pay-warrants issued .. 19,400 0 0 Divisional equipment .. 1,370,449 13 4 Less pay-warrants re- Less depreciation .. 130,702 8 4 deemed.. .. 19,301 10 0 1,233,087 5 0 38 10 0 Forage and rations stocks .. .. 5,942 11 0 Remittances received for Medical and surgical stocks .. .. 44,390 16 6 transmission to and from Offioe furniture and cquipsoldiers .. .. 468,573 11 10 ment .. .. 10,588 1 8 Less remittances paid 467,161 14 3 Less depreciation on 1,411 1.7 7 portion (balance at Sinking Fund (see contra).. .. .. 3,451,106 19 0 valuation) .. 359 19 5 Sundry creditors (interdepartmental only ; see 10,228 2 3 footnote) .. .. .. .. 50,815 10 8 Motor-transport vehioles at valuation (inoludDivisional Equipment Reserve .. .. 393,839 5 0 ing those on loan to other Departments, Treasury (Consolidated spare parts, &c.) .. .. .. 39,937 14 9 Fund) Account — In- £ s. cl. Artificial - limb factory tercst, e&c. .. .. 18,719,712 5 7 (building, .machinery, Less Treasury Inter- tool s, and Btoeks departmental Ac- throughout New Zeacount .. .. 448,050 19 0 Zealand, including voca- £ s. d. 18,271,001 0 1 tional) .. ' .. 11,974 17 0 Less depreciation on building and machinery .. .. 123 19 1 11,850 18 0 Lands and buildings (camps, hospitals, &o.) 85,866 0 0 Less depreciation on buildings .. 1,926 3 0 83,939 17 0 Advances to Repatriation Department .. 1,424,835 18 10 Excess of expenditure over income— £ s. d. Balanoe, 31st March,l92l 85,490,335 9 0 For year ended 31st March, 1922, as per account .. .. 8,943,769 5 7 94,434,104 14 7 Less recovery from Germany for cost of Army of Occupation .. 507,000 0 0 93,927,104 14 7 £104,025,570 13 1 £1.04,025,570 13 1 Sundry creditors (other than Now Zealand £ s. d. Sundry debtors (other than New Zealand £ s. d. Government Departments : estimated) .. 1,451,172 0 0 Government Departments : estimated) .. 672,045 9 9 Note. —Owing to the contingent nature of many of the items, the outstanding liabilities and assets (sundry debtors and creditors) have not been included in the above figures, being shown as estimates only. The item " Sundry debtors " consists principally of recoveries expected on the final adjustment of accounts with the Imperial authorities and shipowners in London. The item " Sundry creditors " includes various amounts, totalling approximately £1,380,000, which it is anticipated will have to be paid on adjustment of transport and other accounts in London, the balance representing the approximate figure of remaining liability in New Zealand and Australia. L. C. Forgie, Officer in Charge War Expenses. 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, find correctly state the position as disclosed thereby.—C. F. C. Campbell, Controller and Auditor-General.

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