B.—l [PT. IV].

MINING ADVANCES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ s. d. To Interest on loan capital .. .. .. 2,372 16 11 By Interest on Advances for mining .. .. 1,189 4 0 Reserve for losses on realization of securities .. 2,500 0 0 Interest on investments .. .. .. 11 1 11 Balance, net loss for year .. .. .. 3,672 10 t» £4,872 16 11 £4,872 16 II Balance-sheet as at 31st March, 192(5. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Capital—Loans under,various Acts .. .. 55,550 0 0 Advances for mining .. .. 33,015 7 7 Sinking Fund under Public Debt Extinction Act, Less Reserve for Losses Account 11,500 0 0 1910 .. .. .. .. .. 1,082 19 1 21,515 7 7 Interest due to Consolidated Fund .. .. 3,624 18 3 Sundry debtors— Interest accrued but not due .. .. .. 891 0 0 Interest due on advances .. 8,395 4 4 Consolidated Fund—Refund due 9 10 7 8,404 14 11 Interest on advances accrued but not due .. .. .. .. 189 3 8 Interest on investments accrued but not due .. .. .. .. 11 1 11 Cash in Public Debt Redemption Fund .. .. .. .. 1,082 19 1 Cash— In Treasury .. .. .. 2,646 0 5 In Investment Account .. 10,000 0 0 12,646 0 5 Losses— In previous years .. .. 13,626 19 3 Loss per Income and Expenditure Account .. .. .. 3,672 10 6 17,299 9 9 £61,148 17 4 ; £61,148 17 4 G. Jas. Anderson, Minister of Mines. A. W. Gyles, A.1.A.N.Z., Accountant, Mines 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. —G. F. C. Campbell, Controller and Auditor-General.

13— B. 1 [PT. IVJ.

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