3

B.—l FPT. IV

AUDIT DEPARTMENT. Income and Expenditure Account fob the Year ended 31st March, 1929. Expenditure. £ s. d. Income. £ s. d. To Salaries.. .. .. .. .. 47,809 811 By Fees Account .. .. .. .. 29,695 810 Advertising .. .. .. .. 84 16 5 Excess of expenditure over income .. .. 27,006 4 2 Allowances, London .. .. .. 69 9 0 Allowances, higher duties .. .. .. 18 18 6 Law-costs .. .. .. .. 3 3 0 Office fittings .. .. .. .. 67 11 2 Postages .. .. .. .. 240 5 0 Rent- .. .. .. .. .. 1,386 15 4 Telephones .. .. .. .. 166 18 7 Temporary assistance .. .. .. 1,035 19 7 Travelling-expenses .. .. .. 4,980 9 7 Audit fee reduced .. .. . . 100 0 0 Furniture now unserviceable .. .. 4 8 4 Depreciation .. . . .. .. 206 4 0 Printing and stationery . . .. .. 337 12 3 Removal expenses .. .. .. 122 3 9 Overtime, &c. .. .. .. .. 65 4 7 Damage to officer's clothing .. . . 2 5 0 £56,701 13 0 £56,701 13 0 £ s. d. £ s. d. To Balance .. .. .. .. 27,006 4 2 By Excess of expenditure over income .. .. 27,134 11 7 Interest on capital .. .. .. 128 7 5 £27,134 11 7 £27,134 11 7 Note. —The following charges are included for which the Department possesses no parliamentary appropriation : la) Rental value as assessed by Public Works Department; (ft) interest at 4J per cent, on capital as at Ist April, 1928. Balance-sheet as at 31st March, 1929. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 2,906 9 5 Furniture and fittings .. .. .. 1,824 17 9 Treasury Adjustment Account .. .. 29,249 6 7 Mechanical appliances .. .. .. 273 5 9 Creditors — Books .. .. .. .. .. 902 7 1 Departmental .. .. 16 5 9 Stationery .. .. .. .. .. 148 13 0 Sundry .. .. .. 333 10 1 Stamps .. .. .. .. .. 47 17 8 ■ 349 15 10 Debtors — £ s. d. Fees paid in advance .. .. .. 10 17 0 Departmental .. .. 73 11 0 Depreciation Reserve .. .. .. 1,298 12 7 Sundry .. .. .. 3,514 511 Writings off Suspense .. . . .. 104 8 4 3,587 16 11 Excess of expenditure over income .. .. 27,134 11 7 £33,919 9 9 £33,919 9 9 J. H. Fowler, Chief Clerk. 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, subject to the above departmental note. —G. F. C. Campbell, Controller and Auditor-General. BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1929. Expenditure. £ s. d. Income. £ s. d. To Interest on consolidated stock .. .. 32,500 0 0 By Dividends received and declared for the year.. 244,433 11 10 Management charges on consolidated stock .. 262 10 0 Balance 211,671 1 10 £244,433 11 10 £244,433 11 10 Balance-sheet as at 31st March, 1929. Liabilities. Assets. Capital Account — Bank of New Zealand shares — £ s. d. New Zealand consolidated stock — £ £ s. d. 500,000 preference A shares (nominal value).. 500,000 0 0 per cent. 1940 .. .. 500,000 1,375,000 preference B shares (nominal value) 1,375,000 0 0 4"per cent. 1943-63 .. .. 375,000 234,375 long-term mortgage C shares (nominal — value) .. .. .. .. 234,375 0 0 875,000 Dividends declared but not paid .. .. 146,614 11 8 Bank of New Zealand Shares Account — Treasury Adjustment Account .. .. 71,707 3 11 Investment Account .. .. 984,375 1,859,375 0 0 Capital reserve .. .. • • ■ ■ 250, 000 0 0 Accrued interest on consolidated stock .. 6,650 13 9 Balance of Income and Expenditure Account.. 211,671 1 10 £2,327,696 15 7 £2,327,696 15 7 Accumulated profits to 31st March, 1929, £1,849,558 12s. Bd., credited to Consolidated Fund. A. I). Park, F.1.A.N.Z., F.R.A.N.Z., Accountant to the Treasury. 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. —G. F. C. Campbell, Controller and Auditor-General.