B.—l [PT. IY].
WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT. Income and Expenditure Account fob the Year ended 31st March, 1926. Expenditure. £ s. d. Income. To First loan (£150,000) —Interest for 1925-26 .. 6,534 2 3 By Contributions from— £ s. d. £ s. d. Second and subsequent loans (£355,000) —In- Gold-mining companies .. 1,133 6 2 terest for 1925-26 .. .. .. 13,510 13 2 Gold duty .. .. 3,399 18 7 Maintenance of completed works .. .. 249 17 1 Consolidated Fund.. .. 1,133 6 2 5,666 10 11 Rents, royalties, &c.— Royalties from sale of sand .. 185 1 4 Rents of cottages, reserves, wharves .. .. 267 19 11 .... — 453 I 3 Balance, being deficiency for the year, carried down .. .. .. .. .. 14,175 0 4 £20,294 12 6 £20,294 12 6 £ s. d. £ s. d To Accumulated deficiency brought forward .. 34,058 11 5 By Balance carried forward .. .. .. 48,233 .11 9 Deficiency for 1925-26 brought down .. 14,175 0 4 £48,233 11 9 £48,233 11 9 Balance-sheet as at 31st March, 1926. Liabilities. Assets. £ s. d. Debentures issued — £ s. d. Land purchase and compensation .. .. 2,884 1 1 Waihou and Ohinemuri Rivers Improvement Fencing .. .. .. .. .. 1,787 11 11 Act, 1910 .. .. .. .. 150,000 0 0 Clearing and destroying willows .. .. 35,456 1 8 Waihou and Ohinemuri Rivers Improvement Moving of houses .. .. .. .. 2,969 17 11 Act, 1910, and Finance Act, 1919, section 6.. 150,000 0 0 Flood-gates .. .. .. .. 27,660 8 7 Waihou and Ohinemuri Rivers Improvement Interior drainage .. .. .. .. 36,398 15 1 Act, 1910, and Finance Act, 1922, section 16 150,000 0 0 Canals .. .. .. .. .. 11,789 13 8 Waihou and Ohinemuri Rivers Improvement Bridges .. .. .. .. .. 7,443 10 0 Act, 1910, and Finance Act, 1924, section 6.. 55,000 0 0 Stop-bank formation .. .. .. 277,756 2 0 Surveys, engineering investigations, &c. .. 20,703 1 0 505,000 0 0 Gauges .. .. .. .. .. 1,993 7 9 Liability to Consolidated Fund for unrecouped Slips, groynes, and dredging at wharves .. 3,029 0 0 expenditure— Wharves and goods-sheds .. .. .. 9,927 5 7 First loan —Interest .. .. .. 12,634 18 10 Stores and tools on hand .. .. .. 4,875 8 5 Second and subsequent loans— £ s. d. Buildings and accommodation .. .. 1,440 0 0 Interest .. .. .. 41,733 19 5 £ s. d. Sinking fund .. .. 1,612 10 8 Plant .. .. .. 47,080 7 0 43,346 10 1 Less depreciation charged to Maintenance of completed works .. 442 14 2 works .. .. .. 12,442 7 0 Sundry creditors—■ — 34,638 0 0 Construction works .. .. 4,286 5 5 Pontoons .. .. .. .. .. 1,799 5 0 Maintenance .. .. 46 18 0 Maintenance during construction .. .. 3,802 1 4 4,333 3 5 Accrued interest— 486,353 11 0 First loan .. .. .. 1,032 17 7 Advance to Waihi Borough, Finance Act, 1923, Second and subsequent loans.. 2,368 9 3 section 10 .. .. .. .. 1,997 7 9 3,401 6 10 Debtors for contributions towards Sinking Fund Reserve — interest, sinking fund, and First loan .. .. .. 3,304 0 4 maintenance— £ s. d. Second and subsequent loans .. 1,612 10 8 Consolidated Fund .. .. 1,133 6 2 4,916 11 0 Gold duty .. .. .. 7,626 17 4 Gold-mining companies .. 1,448 14 4 10,208 17 10 Sundry debtors— Stop-banking, &c. .. .. 639 6 9 Rents and royalties .. .. 16 2 7 655 9 4 Cash in Public Debt Redemption FundOn first loan .. .. 3,304 0 4 On second and subsequent loans 1,612 10 8 — 4,916 II 0 Cash balance — In the Public Account .. 19,455 19 4 In hands of imprestees .. 2,253 16 4 — 21,709 15 8 Income and Expenditure Aeoount— Accumulated deficiency to 31st March, 1925 .. .. 34,058 11 5 Deficiency for 1925-26 .. 14,175 0 4 48,233 11 9 £574,075 4 4 £574,075 4 4 J. J. Gibson, Accountant, Public Works 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. The following comment is appended : The authority to levy rates contained in section 17 (d), Waihou and Ohinemuri Rivers Improvement Act, 1910, has not yet been availed of.—-G. F. C. Campbell, Controller and AuditorGeneral.
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