9

C.—'2a

General Profit and Loss Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. I Cr. £ s. d. .£ s. d. To Net loss—• j By Net profit— James Colliery.. .. 305 9 8 j Liverpool Colliery .. 18,959 5 2 Wellington Depot .. 946 0 6 { Christchurch Depot .. 1,551 9 0 ——— 1,251 10 2 j Wanganui Depot .. 303 3 9 Balance —Profit for year, carried down 22,669 7 9 j Net recoveries—■ Seddonville Colliery .. 31 5 9 | Point Elizabeth Colliery 1,369 0 0 Net revenue from hire of plant, buildings, &c... 13 12 1 ——22,227 15 9 Interest on investments .. .. 1,693 2 2 £23,920 17 11 £23,920 17 11 — | ~ — | £ s. d. £ s. d. To Sinking Fund Account for redemption By Balance—Profit for year 1926-27 .. 22,669 7 9 of loan capital .. .. .. 4,552 0 5 Balance —-Net profit for year .. 18,117 7 4 £22,669 7 9 | £22,669 7 9 I Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. Loan under Coal-mines Act, 1908 150,000 0 0 ; Collieries— Loan under Coal-mines Act, 1908, Development and Property Acand Appropriation Act, 1912 .. 25,000 0 0 counts .. .. .. 174,015 0 8 New Zealand Consolidated In- Machinery, plant, ropes, and scribed Stock .. .. 52,601 0 7 rolling-stock .. .. 39,435 6 0 227,601 0 7 Buildings at mines .. .. 5,821 411 Accrued interest on loan capital .. .. 3,8111311 Cottages at mines .'. .. 6,235 7 2 Reserves — Plantations at mines .. 2,299 7 4 General Reserve .. .. 63,854 15 5 Preliminary expenses (James Bad Debts Reserve .. .. 599 8 4 Colliery) .. .. .. 1,103 8 6 Accident Insurance Reserve .. 2,994 510 Coal stocks (bins, wharf, and —— 67,448 9 7 afloat) .. .. .. 6,363 11 8 Sundry creditors — Stores on hand .. .. 6,771 18 11 Liverpool Colliery .. .. 11,618 15 4 —— James Colliery .. .. 4,042 13 9 242,045 5 2 Wellington Depot .. .. 582 10 7 Plant, buildings, &c., on hire .. 4,104 I 6 Christchurch Depot .. .. 4,693 4 3 — 246,149 6 8 Wanganui Depot .. .. 239 8 8 Depots— 21,176 12 7 Property Accounts .. 14,291 6 7 Deposits on contracts .. .. .. 1,000 0 0 Stocks and stores on hand .. 9,826 8 9 Unclaimed wages, &c., in Suspense .. 3 18 6 —— 24,117 15 4 Sinking Fund .. .. .. .. 55,105 610 Prospecting on State Coal Reserve .. 398 810 General Profit and Loss Account—■ Housing advances to workmen .. 148 0 0 Net profit for year .. .. .. 18,117 7 4 Interest accrued due .. 0 16 5 — 148 16 5 Investments (ordinary).. .. 24,300 0 0 Interest accrued due .. .. 276 11 6 — 24,576 11 6 Sundry debtors — Liverpool Colliery .. .. 4,389 18 4 James Colliery .. .. 306 14 1 Wellington Depot .. .. 7,411 12 10 Christchurch Depot .. .. 4,486 18 7 Wanganui Depot .. .. 16,626 1 6 33,221 5 4 Less provisionally written off 19 1 1 33,202 4 3 Sinking Fund investments .. .. 55,105 6 10 Cash in hand and in Public Account .. 10,565 19 6 £394,264 9 4 £394,264 9 4 State Coal-mines Office, Wellington, 18th August, 1927. G. Jas. Anderson, A. W. Gyles, Accountant. Minister of Mines. I hereby certify that the attached Working and Profit and Loss Accounts of Depots and Collieries, General Profit and Loss Account, Statement of Receipts and Payments, 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 tliat in the opinion of the Audit Office interest on capital expenditure on the unopened Mac Donald Colliery should be charged to General Profit and Loss Account instead of being capitalized, as development was sufficiently completed several years ago. —J. H. Fowler, Deputy Controller and Auditor-General.

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