47

B.—1 |~PT. TV SUP. TO 19281.

MINES DEPARTMENT—continued. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 40,719 5 2 Land .. .. .. .. .. 4,349 0 0 Treasury Adjustment Account .. .. .. 19,325 7 7 Buildings .. .. .. ■■ •• 518 1 6 Depreciation Reserve .. .. .. .. 4,271 17 6 £ s. d. Sundry creditors .. .. .. .. 7,855 16 6 Furniture and fittings .. .. 1,069 2 1 Deposits .. .. .. 14,522 6 0 Less prbvisionally written off .. 9 9 7 1,059 12 6 Mechanical appliances .. .. 379 6 8 Less provisionally written off .. 37 0 0 342 6 8 Instruments .. .. .. .. 216 12 6 Plant and machinery .. . . 1,034 8 1 Less provisionally written off .. 1,034 8 I Library, maps, &e. .. .. .. 184 7 0 Exhibits .. .. ■ ■ .. 273 2 5 Mineral collections .. .. .. 66110 Motor-ears .. .. .. . • 618 2 1 Drills and equipment .. .. 9,588 12 8 Less provisionally written off .. 2 3 4 9,586 9 4 Water-races .. .. .. 2,850 16 0 Less provisionally written off .. 2,850 16 0 Loans to oil-boring companies and others .. .. .. 17,447 7 10 Less reserved for losses.. .. 15,289 7 10 2,158 0 0 Sundry debtors .. .. .. 14,973 8 1 Less reserved for losses.. .. 639 17 2 14,333 10 11 Interest accrued but not due .. .. 68 7 10 Rent accrued but not due .. .. 15 1 8 Stocks and stores on hand .. .. 97 18 9 Cash in Deposit Accounts — Receiver-General's .. .. 4,585 16 9 Receivers of Gold Revenue .. 889 11 3 Coal-mines Amendment Act, 1922 10 0 0 Local bodies' .. .. 5,667 6 3 Mining Act, 1926 .. .. 1,439 4 0 Post Office .. .. .. 9 15 0 Fixed deposits .. .. 1,920 12 9 14,522 6 0 Deficiency for year — Mines Department .. .. 44,704 1 9 Less profit from coal revenue .. 6,418 19 2 38,285 2 7 £86,694 12 9 £86,694 12 9 Note. —Subsidies totalling £37,268 14s. Id. made to mining companies are recoverable, but only if payable gold in sufficient quantities is won. The following charge is included for which the Department possesses no parliamentary appropriation: Interest at 4£ per cent, on capital as at Ist April, 1927. A. H. Kimbell, Under-Secretary. A. W. Gyles, A.1.A.N.Z., Accountant. I hereby certify that the Income and Expenditure Account, Revenue 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 notes. —G. F. C. Campbell, Controller and Auditor-General.