B.—l [Pt. IVI.

WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT. Income and Expenditure Account fob the Year ended 31st March, 1924. Expenditure. £ a. d. Income. £ s. d. £ s. d. To Interest on first loan of £150,000 .. .. 6,447 10 8 By Contributions from—• Sinking fund contribution on £150,000 .. 270 3 4 Gold-mining companies .. 1,135 11 6 Interest on second and third loans from Ist Gold duty .. .. .. 3,406 14 3 April, 1920, borne by Consolidated Fund .. 19,330 15 11 Consolidated Fund .. .. 1,135 11 4 Sinking fund on second and third loans from — 5,677 17 1 Ist April, 1920, borne by Consolidated Fund 1,192 0 0 Royalty on sand .. .. .. .. 17181 Maintenance of works —Administration expenses 92 12 1 Balance deficiency carried down .. .. 21,637 610 £27,333 2 0 £27,333 2 0 £ s. d. Adjustment on account of previous years contriBalance brought down from 31st March, 1923 181 7 3 butions .. .. .. .. .. 1,434 14 6 Balance brought down .. .. .. 21,637 610 Balance carried forward .. .. .. 20,383 19 7 £21,818 14 1 £21,818 14 1 Balance-sheet as at 31st March, 1924. Liabilities. Assets. Debentures issued — £ s. d. £ s d. £ s. d. Waihou and Ohinemuri Rivers Improvement Value of works and plant, &c... 358,579 0 0 Act, 1910 .. .. .. .. 150,000 0 0 Surveys .. .. .. 16,000 0 0 Waihou and Ohinemuri Rivers Improvement General engineering, &c., expenses 7,474 5 1 Act, 1910, and Finance Act, 1919, section 6.. 150,000 0 0 382,053 5 1 Waihou and Ohinemuri Rivers Improvement Advance to Waihi Borough Council under secAct, 1910, and Finance Act, 1922, section 16 86,000 0 0 tion 10, Finance Act, 1922 .. .. .. 1,997 7 9 Contributions accrued but not due .. .. 889 0 9 386,000 0 0 Debtors for contributions— £ s. d. Sinking fund reserve on first loan .. .. 3,036 14 7 Consolidated Fund .. 1,116 3 8 Sinking fund reserve on second and third loans .. 1,192 0 0 Gold duty, &c. .. .. 6,549 0 9 Sundry creditors .. .. .. .. 1,571 2 3 Gold Mining companies .. 1,116 3 8 Liability to Consolidated Fund — £ s. d. . Interest on first loan .. .. 6,350 0 0 8,781 8 1 Sinking fund on first loan .. 273 5 11 Debtors for royalty on sand .. 17 18 1 Sinking fund on second and third —- 8,799 6 2 loans .. .. 1,192 0 0 Sinking fund under Public Debt Interest on second and third loans 17,662 14 5 Extinction Act, 1910 — 25,478 0 4 On first loan .. .. .. 3,036 14 7 Interest accrued on first loan .. .. .. 1,066 16 11 On second and third loans .. 1,192 0 0 Interest accrued on second and third loans .. 1,668 1 6 — — 4,228 14 7 Cash in Public Account .. .. 1,660 9 6 Imprests outstanding in London .. 0 12 2 —— — 1,661 1 8 Income and Expenditure Account — Balance as at 31st March, 1923.. 9,585 15 2 Deficiency for year 1923-24 .. 10,798 4 5 20,383 19 7 £420,012 15 7 £420,012 15 7 Chas. E. Bennett, Assistant Under-Secretary, Public Works Department. J. J. Gibson, 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. The authority to levy rates contained in section 17 (4) (d), Waihou and Ohinemuri Rivers Improvement Act, 1910, has not been availed of. —G. F. C. Campbell, Controller and Auditor-General.

13— B. 1 IPT. IV].

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