POST AND TELEGRAPH DEPARTMENT. Balance-sheet as at 31st March, 1929. Receipts and Expenditure on Capital Account.

General Balance-sheet. Liabilities. .:lsscts. £ s. *d. Sundry creditors— £ s. d. £ s. d. Capital Account balance .. .. .. .. .. .. .. 1,547 .738 2 5 Money-ord?r payees for unpaid money-orders .. .. 79,286 10 1 Stock at stores, District Telegraph Engineers' and workshops, and in transit .. 465,411 17 11 Other administrations, on money - order, postal, and cable Sundry debtors ° £ s. d. accounts .. . . .. .. .. .. 239,390 2 1 Other administrations, on money-order account .. .. 4.4 8 2 4 Postal-note payees, for unpaid postal notes .. .. .. 72,049 9 6 Government Departments .. .. .. 40,779 18 9 Sundry other creditors .. .. .. .. .. 392,353 11 8 Sundry other debtors .. .. .. .. .. 54,816 5 0 Other Government Departments .. .. .. .. 230,229 18 1 100,014 6 1 1,013,309 11 5 War Loan Certificate Account— Assets written off Reserve Account .. .. .. .. .. .. 5,433 19 7 Investments held in Government loans .. .. .. .. .. 116,700 0 0 War Loan Certificate Account .. .. .. .. .. .. 138,304 17 0 Post Office Investment Certificate Account— Post Office Investment Certificate Account .. .. .. .. .. 1,191,032 3 11 Investments held in Government loans .. .. .. .. ■■ 1,141,330 0 0 Money-order Settlement Account .. .. .. .. .. .. 4,595 2 11 £ s. d. Imperial stamps and postal orders .. .. .. .. .. .. 449 13 6 Postmasters' balances .. .. .. .. .. 1,617,380 17 0 Postmasters—for advance to Postmasters of stamps, postal notes, British postal Less Savings-bank funds held in balances .. .. 321,299 6 4 orders, Post Office investment certificates, and other documents of value, including stocks held in the General Post Office .. .. .. .. 1,465,615 9 11 1 296 081 10 8 Depreciation Reserve (including maintenance and renewals, equalization reserve, Head Office Account, including cash in bank .. .. '958', 214 15 11 telegraph, toll, and telephone systems) .. .. .. .. .. 2,414,784 3 0 2,254,296 6 7 Fire Insurance Reserve .. .. .. .. .. .. .. 5,000 0 0 Assets written off Suspense Account .. .. .. .. .. 5,433 19 7 Profit and Loss Appropriation Account .. .. .. .. .. 28,582 0 3 Post Office investments under section 100 of the Post and Telegraph Act, 1928.. 515,410 0 0 Investment (Radio Broadcasting Company of New Zealand, Ltd.) .. .. 15,000 0 0 Interest accrued on investments .. .. .. .. .. .. 4,256 8 11 Loan-conversion Expenses Account .. .. .. .. .. 101,516 0 0 £6,267,107 1 6 £6,267,107 1 6 Notes.— (a) Credit has been taken without appropriation for rents received. (b) Interest at 4J per cent, on capital as at 1st April, 1928, and 2A per cent, on accretions for the year. (c) Depreciation has been allowed for on balance of assets as at 1st April, 1928, the total charge being carried to Depreciation Reserve. H. D. Edwards, A.I.A.N.Z., Controller of Accounts. G. McNamara, Secretary, General Post Office. I hereby certify that the Statement of Transactions, the Profit and Loss Accounts, 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, subject to the above departmental notes.— G. F. C. Campbell, Controller and Auditor-General.

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As at 31st March, Amount debited As at 3lst March, n Capital as at 1st Amount received Capital as at 31st 1928. | during Year.* i 1929. Lr - April, 1928. j Year 1928-29. j March, 1929. To Expenditure on— £ s. d. £ s. d. £ s. d. I By Receipts — £ s. d. £ s. d. £ s. d. Telegraph and toll systems, including 1,938,596 10 3 216,604 9 7 2,155,200 19 10 Public Works Fund .. .. 10,609,490 12 5 :831,2S9 13 10 { works in progress ! Revenue contribution to capital outlay 828,520 7 7 Telephone-exchange systems, includ- 6,282,690 5 1 1,127,238 5 9 7,409,928 10 10 j ing works in progress ] 11,438,011 0 0; Wireless systems .. .. .. 49,953 19 3 3,684 3 3 53,638 2 6 [ Lessf .. .. .. .. 1 423 928 0 0 Buildings and sites .. .. 2,160,017 0 5 194,868 14 3 2,354,885 14 8 j - - j Plant and workshops .. .. 15,896 17 9 7,915 9 6 23,812 7 3! 10 014 083 0 0 831,289 13 10 10,845,372 13 10 Motor-garages, &c. .. .. 224,931 15 0 677 16 7 225,609 11 7 1 I — Furniture and fittings .. .. 164,239 0 2 5,796 9 5 170,035 9 7 10,014,083 0 0 831,289 13 10 10,845,372 13 10 Balance carried to General Balance- .. .. 1,547,738 2 5 10,836,325 7 11 1,556,785 8 4 12,393,110 16 3 j 12,393,110 16 3 * Includes proportional cost of raising loans and Public Works administration expenses on capital expenditure prior to 1st April, 1928. f Amount of surplus funds paid to Consolidated Fund prior to 1st April, 1928, treated as repayment of capital under section 103, subsection (3), of the Post and Telegraph Act, 1928.