B.—l [PT. IY].

LAND AND INCOME TAX DEPARTMENT. Income and Expenditure Account foe the Year ended 31st March, 1926. Expenditure. Income. £ s. d. £ s. d. £ s. d. To Advertising, books, &c. .. .. 525 11 7 Contingencies .. .. .. .. 66 4 3 By Land-tax Account .. 1,223,414 0 0 Law-costs .. .. .. .. 247 211 Income-tax Account .. 3,346,048 4 7 Office requisites (including printing and 4,569,462 4 7 stationery) .. .. .. .. 2,366 17 5 Interest and dividends .. .. .. 305 3 3 Overtime and meal allowances .. .. 146 8 8 Postages and telegrams .. .. 1,842 10 11 Removal of fittings .. .. .. 307 15 0 Rent.. .. .. .. .. 2,544 0 0 Repairs and renewals .. .. .. 204 5 11 Salaries .. .. .. .. 35,786 15 0 Services rendered by other Departments— Customs Department, collecting deposits 200 0 0 Post and Telegraph Department, receiving payments of tax .. .. .. 1,766 18 6 Public Works Department, cleaning and removal of rubbish.. .. .. 36 17 7 Telephone services .. .. .. 154 12 10 Travelling allowances and expenses .. 1,406 2 2 Valuation Department (contribution to) .. 8,041 9 0 Readjustment of tax under Parliamentary authority— Booth and Co. (Limited) .. .. 4,936 14 3 D. Fit] lay son and others .. .. 2,198 9 2 Maraetai Farms (Limited) .. .. 6,103 0 2 William Matthews .. .. .. 10 4 2 R. D. Robinson .. .. .. 50 11 5 Tax on Commissioner's salary (Wembley) 100 0 0 Grant to officer .. .. .. 625 0 0 Reward to informer .. .. .. 20 0 0 Permanent charges (special Acts) —Payment of interest under section 134, Land and Income Tax Act, 1923 .. .. 659 2 8 Depreciation on office furniture, fittings, mechanical appliances, and library .. 535 16 3 Balance carried down .. .. .. 4,498,878 18 0 £4,569,767 7 10 £4,569,767 7 10 £ s. d. £ s. d. To Interest on capital .. .. .. 234 6 3 By Balance brought down .. .. 4,498,878 18 0 Excess of revenue over expenditure .. 4,498,644 11 9 £4,498,878 18 0 £4,498,878 18 0 Percentage cost of collection of revenue, 1*246. Note.—The following charges are included for which the Department possesses no parliamentary appropriation : (1) Interest at 4J per cent, on capital as at Ist April, 1925, £234 6s. 3d. ; (2) rent of offices as assessed by Public Works Department, £2,471. Balance-sheet as at 31st March, 1926. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Capital Fund .. .. .. 5,206 18 4 Office furniture and fittings .. 3,369 9 4 Sundry creditors— Additions during year .. 994 4 10 Outstanding expenses .. 9,747 14 3 Land-tax* .. .. 3,566 18 6 4,363 14 2 Income-tax* .. .. 19,578 13 5 Less transfers to Public Works 32,893 6 2 Department .. .. 87126 Depreciation Reserve .. .. .. 2,171 15 7 4,276 1 8 Suspense Account, for default assessments, &c. 150,000 0 0 Library .. .. .. 213 15 0 Excess of revenue over expenditure .. 4,498.644 11 9 Additions during year .. 12 17 3 — 226 12 3 Office appliances .. .. 1,623 14 0 Additional during year .. 33 15 0 1,657 9 0 Forms and stationery .. .. 1,142 5 8 Official stamps .. .. .. 5 3 4 Sundry debtors — Land-tax.. .. .. 158,237 7 2 Income-tax .. .. 338,636 19 7 496,874 6 9 Treasury Adjustment Account .. 4,165,631 12 2 Cash in hand, Post Office, 31st March, 1926 — Land-tax.. .. .. 7,308 17 0 Income-tax .. .. 11,794 4 0 • 19,103 1 0 £4,688,916 11 10 £4,688,916 11 10 Contingent liability in respect of bills discounted by Bank of New Zealand, £21,248 13s. * Includes amounts paid in advance and overpayments, subject to adjustment. A. E. Fowler, Commissioner of Taxes. 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 subject to the above departmental notes, —6. F. C. Campbell, Controller and Auditor-General.

74