B.—l [PT. IV].

WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT. Income and Expenditure Account foe the Year ended 31st March, 1927. Expenditure. £ s. d. Income. To Interest on first loan of £150,000 for 1926-27 6,500 0 0 By Contributions from— £ s. d. £ s. d. Interest on second and subsequent loans and Gold-mining companies .. 1,291 4 0 transfers (£400,000) for 1926-27 .. .. 15,681 13 1 Gold duty .. .. 3,873 12 0 Maintenance of completed works .. .. 1,247 310 Consolidated Fund .. 1,291 4 0 ■ 6,456 0 0 Rents from cottages, &e., and royalties from sale of sand .. .. .. .. 675 8 0 Balance, being deficiency for the year, carried down.. .. .. .. .. 16,297 8 11 £23,428 16 11 £23,428 16 11 £ s. d. £ s. d. To Accumulated deficiency to 31st March, 1926.. 48,233 11 9 By Balance carried forward .. .. .. 64,531 0 8 Deficiency for 1926-27 .. .. .. 16,297 8 11 £64,531 0 8 £64,531 0 8 Balance-sheet as at 31st March, 1927. Liabilities. Assets. £ s. dLoan liability—• Land purchase and compensation .. .. 3,382 12 4 Waihou and Ohinemuri Rivers £ s. d. £ s. d. Fencing .. .. .. .. .. 2,111 711 Improvement Act, 1910 .. 150,000 0 0 Clearing and destroying willows .. .. 39,080 4 0 Waihou and Ohinemuri Rivers Moving of houses .. .. .. .. 3,382 11 6 Improvement Act, 1910, and Flood-sates .. .. .. .. 32,071 17 6 Finance Act, 1919, section 6 150,000 0 0 Interior drainage .. .. .. .. 40,452 17 3 Waihou and Ohinemuri Rivers Canals .. .. .. .. .. 11,789 13 8 Improvement Act, 1910, and Bridges .. .. .. .. .. 7,740 11 6 Finance Act, 1922, section 16 150,000 0 0 Stopbank formation .. .. .. 321,138 2 3 Waihou and Ohinemuri Rivers Surveys, engineering investigations, &c. .. 20,447 3 8 Improvement Act, 1910, and Gauges .. .. .. .. .. 2,003 10 0 Finance Act, 1924, section 6 75,000 0 0 Slips, groynes, and dredging at wharves .. 3,029 0 0 Temporary transfer from other Wharves and goods-sheds .. .. .. 9,927 5 7 accounts .. .. 25,000 0 0 Stores and tools on hand .. .. .. 6,318 3 9 550,000 0 0 Buildings and accommodation .. .. 1,355 19 1 Liability to Consolidated Fund £ s. d. for unrecouped expenditure— Plant .. .. ..47,312 7 0 First loan—interest.. .. 15,834 18 10 Less depreciation charged to Second and subsequent loans — works .. .. .. 15,205 7 0 interest.. .. .. 57,166 1 10 32,107 0 0 Sinking fund on second and Pontoons .. .. .. .. .. 3,640 5 0 subsequent loans .. .. 1,612 10 8 Maintenance during construction .. .. 3,802 1 4 Maintenance of completed works 1,613 19 4 Contribution towards Criterion and Ohinemuri 76,227 10 8 Bridges and Paeroa Station-yard .. .. 9,629 8 11 Sundry creditors — Works, &c. .. .. 8,533 8 11 553,409 15 3 Accrued interest .. .. 3,528 9 4 Advance to Waihi Borough, Finance Act, 1923 12,061 18 3 section 10 .. .. .. .. 1,997 7 9 Reserve—• Debtors for contributions towards First loan .. .. .. 3,304 0 4 interest, sinking fund, and Second and subsequent loans.. 1,612 10 8 maintenance — £ s. d. 4,916 11 0 Gold-mining companies .. 1,301 14 10 Gold duty .. .. .. 10,528 15 7 Consolidated Fund .. .. 1,291 4 0 13,121 14 5 Sundry debtors—Miscellaneous .. .. 3,563 3 0 Investments, Public Debt Redemption Fund— £ s. d. First loan .. .. 3,304 0 4 Second and subsequent loans.. 1,612 10 8 4,916 11 0 Cash balance — In Public Account .. .. 1 ,666 7 10 In hands of imprestees — 1,666 7 10 Income and Expenditure Account: Accumulated deficiency on interest, sinking fund, and maintenance charges to 31st March, 1927 .. 64,531 0 8 £643,205 19 11 £643,205 19 11 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 deficiency in contributions towards expenditure has not been met by levying a rate as required by section 17, subsection 4 (d), Waihou and Ohinemuri Rivers Improvement Act, 1910. —G. F. C. Campbell, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; Printing (585 copies), £125.

Authority : W. A. G. Skinner, Government Printer, Wellington.—l92B.

Prcie Is. 9d.]

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