B.—l [PT. IY].

PUBLIC WORKS DEPARTMENT—continued. ACQUISITION AND OPERATION OF QUARRIES (PUBLIC WORKS FUND) : TE WERA QUARRY (TARANAKI). Revenue Account for the Year ended 31st March, 1926. Dr. £ s. d. Cr. £ s. d. To Stripping (proportion written off) .. .. 800 0 0 By Sales of quarry output-for the year (21,682 cubic Quarrying and feeding crasher .. .. 4,247 8 10 yards).. .. .. .. .. 8,686 12 0 Repairs to plant, access, and jig-line .. .. 852 5 6 Stocli of output on hand (604 cubic yards) .. 211 16 0 Coal and oil .. .. .. .. 433 2 2 Drivers'and firemen's wages .. .. 1,152 12 2 Gross profit .. .. .. .. 1,410 19 4 £8,898 8 0 £8,898 8 0 £ s. d. £ s. d. To Supervision .. .. .. .. 242 13 5 By Gross profit for year .. .. .. 1,410 19 4 Loading trucks .. .. .. .. 217 1 9 Balance, being loss for the year .. .. 1,422 19 I Fettling access line.. .. .. .. 106 4 8 Freight on coal, stores, &e., and sundry expenses 372 9 1 Accident and holiday pay .. .. .. 257 1 0 Installation of plant and preliminary expenses (propoition written off) .. .. .. 676 12 0 Interest on capital at 4J per cent. .. .. 656 4 6 Reserve for depreciation, 4 per cent. — £ s. d. Buildings .. .. .. 70 1 7 Access line .. .. .. 136 13 8 Permanent-way .. .. 61 3 3 Jig-line and trucks .. .. 37 13 6 305 12 0 £2,833 18 5 £2,833 18 5 Note. —The following charges have been included for which the Department possesses no parliamentary appropriation under the Quarries vote : (a) Interest at 4f per cent, on net expenditure and on value of plant on hire from the Plant vote ; (b) depreciation for fixed assets has been provided for. Balance-sheet as at 31st March, 1926. Liabilities. ■ Assets. Head Office Original Less Reserve, Present Value ot assets taken over from £ s. d. Cost. or Written off. Value. Railways vote at 1/4/25 .. 11,912 10 4 £ s. d. £ s. d. £ s. d Net expenditure, 1925-26 .. 3,314 10 1 Land.. .. .. .. 624 17 11 .. 624 17 11 Buildings and workers' accommoda--15,227 0 5 tion .. .. .. 1,843 10 1 195 1 7 1.648 8 6 Sundry creditors .. .. 369 6 7 Access line .. .. .. 3,499 211 452 13 8 3,046 9 3 Interest on capital, 1925-26— £ s. d. Permanent-way .. .. 2,849 9 4 219 510 2.630 3 6 Quarries vote ..612 3 0 Jig-line on trucks .. .. 941 18 10 118 13 6 823 5 4 Plant vote .. 44 1 6 Installation of plant and prelimin656 4 6 ary expenses .. .. 3,120 11 7 2,185 8 0 935 3 7 Stripping (in advance of quarrying) 7,043 4 0 3,633 19 11. 3,409 4 1 19,922 14 8 6,805 2 6 13,117 12 2 Supplies and tools on hand .. .. .. 474 19 3 Stock of metal on hand .. .. .. .. 211 16 0 Revenue Account—Loss since commencement of operations under Quarries vote (1/4 .. .. .. 1,422 19 1 Sundry debtors .. .. ~ .. 1,025 5 0 £16,252 11 6 £16,252 11 6

ACQUISITION AND OPERATIONS OF QUARRIES (PUBLIC WORKS FUND). General Balance-sheet as at 31st March, 1926.

138

I Tauraroa Quarry, j Te Wera Quarry. Total. I I Liabilities. £ s. d. £ s. d. £ s. d. Treasury capital (value of assets at 1st April, 1925) .. .. .. 3,355 11 7 11,912 10 4 15,268 1 11 Treasury Adjustment .. .. .. .. .. .. .. 8,174 2 10 3,970 14 7 17 5 Sundry creditors .. .. .. .. .. .. .. 1,783 1 5 369 6 7 2,152 8 0 Profit and Loss (profit) .. .. .. .. .. .. .. 172 12 1 .. 172 12 1 13,485 7 11 16,252 11 6 29,737 19 5 Assets. Sundry assets after allowing for depreciation or charging a proportion against expenses of working" £ s. d. £ s. d. £ s. d. Land .. .. .. .. .. .. .. .. 31 10 0 624 17 11 656 7 11 Buildings and workers'accommodation . . .. .. .. .. 2,307 8 11 1,648 8 6 3,955 17 5 Sidings, access lines, rails, sleepers, &c. .. .. .. .. .. 1,419 7 3 5,676 12 9 7,096 0 0 Jig-line and trucks .. .. .. .. .. .. .. .. '823 5 4 '823 5 4 Installation of plant, &c. .. .. .. .. .. .. .. 935 3 7 935 3 7 Stripping in advance .. .. .. .. .. .. .. .. 3,409 4 1 3,409 4 1 Supplies and tools on hand .. .. .. .. .. .. 3,269 11 11 474 19 3 3,744 11 2 Metal on hand .. .. .. .. .. .. .. 14 7 6 i 211 16 0 '226 3 6 Sundry debtors .. .. .. .. .. .. .. 6,443 2 4 1,025 5 0 7,468 7 4 Profit and Loss (loss) .. .. .. .. .. .. .. 1,422 19 1 1,422 19 1 13,485 7 11 16,252 11 6 29,737 19 5