B.—l [Pt. IV].

WAR EXPENSES ACCOUNT—continued. Balance-sheet as at 31st Mabch, 1924. Liabilities. Asseis. £ s. d. War-loan capital (including £ s. d. £ s. d. Cash in Treasury Loans Redemption Account 46,590 0 0 securities issued to cover Cash in Public Account .. .. .. 58,118 3 5 expenses of raising loans) Imprests outstanding (New Zealand and Lonas at Ist April, 1923 .. 80,563,884 8 0 don) .. .. .. .. 210 4 Less loans redeemed during Investment Account (war-loan moneys) .. 87,760 10 8 1923-24 .. .. 3,129,700 11 5 Investments on account of £ s. d. 77,434,183 16 7 sinking fund (see contra) 4,882,452 6 9 Contributions, &c., received Less withdrawal for retowards war funds .. 174,148 10 6 demptions .. .. 200,000 0 0 Less amounts refunded and ——— 4,682,452 6 9 transferred .. .. 3,274 13 9 Sundry debtors (for interest) .. .. 11,244 5 8 170,873 16 9 Discount on Treasury Bills paid in advance .. 1,200 15 5 Pay warrants issued .. 19,400 0 0 Sundry debtors (interdepartmental).. .. 2,599 3 8 Less pay-warrants redeemed 19,361 10 0 Ordnance and equipment stocks .. .. 22,449 7 9 38 10 0 Rations and forage stocks . .. .. 108 2 6 Kemittances received for Medical and surgical stocks .. .. 1,224 17 9 transmission to and from Office furniture and equipment .. .. 4,987 2 6 soldiers .. .. 469,682 11 3 Motor transport vehicles .. .. .. 156 12 0 Less remittances paid .. 469,682 11 3 j Artificial-limb factory (building, machinery, .. tools, and stock) .. .. .. 6,646 13 II Sinking fund (see contra) .. 4,882,452 6 9 Repatriation Department (Advances Account) 1,196,192 411 Less withdrawal for re- Assets Accounts in suspense (see contra) Assets demptions .. .. 200,000 0 0 transferred and losses incurred previously 4,682,452 6 9 audited and written off, but not yet Sundry creditors (for interest only) .. .. 1,196,031 2 2 sanctioned by ParliamentSundry creditors (interdepartmental and miscel- Losses owing to reductions laneous) .. .. .. .. 74,046 16 2 in selling-prices and Depreciation reserve .. .. .. 750 9 6 deficiencies at sales in £ s. d. Writings-off Suspense Account (sundries as various centres .. 14,518 1 1 per contra) .. .. .. .. 28,674 2 11 N.Z.E.F.--Overdrawn pay, Treasury Consolidated Fund £ s. d. irrecoverable .. 3,699 11 8 Account (interest, &e.) .. 27,019,050 12 6 Hospital buildings and Less Treasury Interdepart- Equipment handed over mental Account .. 1,554,790 15 10 to other organizations 25,464,259 16 8 for continuation of medical treatment of soldiers .. .. 9,651 8 2 Motor-lorry handed over to Samoan Administration .. .. 625 0 0 Medical stores issued and receipt disputed by Health Department .. 16 8 Clothing lost in s.s. " Tasman " wreck .. 12 12 0 Scholarship fees advanced and irrecoverable .. 121 8 6 Goods stolen from Army Service Corps Depot, Buckle Street .. 5 3 7 Married allowance fraudulently drawn and irrecoverable .. .. 39 11 3 28,674 2 11 Excess of expenditure over income— Balance, 31stMarch, 1923 99,197,670 17 7 For year ended 31st March, 1924, as per aocount .. .. 4,210,232 19 9 103,407,903 17 4 Less recovery from Germany .. .. 507,000 0 0 —-— -102,900,903 17 4 £109,051,310 17 6 £109,051,310 17 6 Sundry creditors (Australian Government) .. £32,249 18 8 Sundry debtors (Australian Government) .. £104,364 11 3 Note. —The items of sundry credits and debits with the Australian Government refer to transactions between the N.Z.E.F. and the A.I.F. during the war period, and are still in dispute with the Commonwealth authorities. As any definite settlement is problematical, the items are treated as contingencies and are not included in the balance-sheet figures. 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, and correctly state the position as disclosed thereby, except that the accounts include credits for the value of assets transferred to the Defence Department (£935,048 2s. Id.) and motor-vehicles transferred to the Health Department, for which those Departments possess no parliamentary appropriation.—G'. F. C. Campbell, Controller and Auditor-General.

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