B.—l [PT. IY].

PUBLIC WORKS DEPARTMENT—continued. ACQUISITION AND OPERATION OP QUARRIES (PUBLIC WORKS FUND) : TAURAROA QUARRY. Trading and Profit and Loss Account foe the Year ended 31st March, 1926. Cr. £ s. d. £ s. d. Dr. £ s. d. £ s. d. By Sales of metal — To Stocks, Ist April— Transfers to works .. .. 30,337 11 5 Running-stores .. .. 682 4 11 Cash sales .. .. .. 3,727 14 8 Coal .. .. .. 67 1 0 34,065 6 1 Metal .. .. .. 57 10 9 Stocks 31st March, 1926 — Miscellaneous equipment .. 1,032 3 6 Running stores .. .. 2,166 4 '5 1,839 0 2 Coal .. .. .. 329 10 0 ' Quarrying .. .. .. .. 16,627 13 9 Metal .. .. .. 14 7 6 Crushing .. .. .. .. 16,190 16 6 Miscellaneous equipment .. 773 17 6 Shunting to station-yard .. .. .. 355 10 3 3,283 19 5 Gross profit .. .. .. .. 2,336 410 £37,349 5 6 £37,349 5 6 £ s. d. £ s. d. To Salaries .. .. .. .. 570 19 3 By Gross profit .. .. .. .-. 2,336 410 Accident compensation .. .. .. 63 19 4 Net loss for year .. .. .. 534 13 1 Hire and depreciation of crushers and engines 568 14 2 Depreciation, land, buildings, sidings, &c. .. 1,014 711 Interest— £ s. d. On capital .. .. .. 464 1 9 On plant on loan .. .. 188 15 6 652 17 3 £2,870 17 11 £2,870 17 11 £ s. d. £ s. d. To Net loss, 1925-26 .. .. .. 534 13 1 By Profit from 1924-25 .. .. .. 707 5 2 Balance, profit to 31st March, 1926.. .. 172 12 1 £707 5 2 £707 5 2 Note. —The following charges have been included for which no parliamentary appropriation is held : (a) Interest (temporary charge) on net payments to 31st March, 1926, at 4J per cent, and on value of plant on loan from Plant vote ; (b) allowance for depreciation of fixed assets. Balance-sheet as at 31st March, 1926. Liabilities. A ssets. Present Head Office — Cost. Depreciation. Value. Capital advanced — £ s. d. £ s. d. Sundry assets— £ s. d. £ s. d. £ s. d. To 31st March, 1925 Land .. .. .. 45 0 o 13 10 0 31 10 0 (net).. .. 1,815 2 6 Sidings .. .. .. 225 0 0 67 10 0 157 10 0 Eor year 1925-26 Bridge-girders .. .. 369 0 0 11 )14 0 258 6 0 (net).. .. 9,037 0 1 55 lb. rails .. .. .. 321 7 5 44 11 7 276 15 10 10,852 2 7 Sleepers .. .. .. 571 4 5 142 11 8 428 12 9 Interest— Service rails .. .. . . 354 12 0 56 9 4 298 2 8 To 31st March, 1925 24 14 7 Accommodation .. .. 2,451 19 5 633 19 5 1,815 0 0 For-vear 1925-26 — Bins, housing, engines, rooms, &c. 700 0 0 247 18 4 452 1 8 Quarries vote .. 464 1 9 Ironwork for same .. .. 62 10 0 22 2 9 40 7 3 Plant vote .. 188 15 6 677 U 10 5,100 13 3 1,342 7 1 3,758 6 2 Sundry creditors .. .. 1,783 1 5 Stock of metal on hand . . . . • ■ 14 7 6 Profit and Loss Account—Accumu- Running-,stores on hand.. .. .. 2,166 4 5 lated profit .. .. 172 12 I Coal on hand .. .. . . .. 329 10 0 Tools and equipment on hand . . .. 773 17 6 3,269 11 11 Sundry debtors— Transfer to works .. .. .. 6,272 18 4 Cash sales .. .. .. 170 4 0 6,443 2 4 £13,485 7 11 £13,485 7 11

18 B, 1 [Pt, IVj.

137