B. —1 [PT. IV Sup. TO 1928].

64

PUBLIC WORKS DEPARTMENT —continued. TIMBER-SUPPLY AND SAWMILLS (PUBLIC WORKS FUND) : WAIKAREMOANA. Trading and Profit and Loss Account for the Year ended 31st March, 1928. Trading Account. Br. Cr. £ s. d. To Logging— £ s. d. £ s. d. By Sales of timber .. .. .. .. 12,618 4 2 Tram-maintenance .. .. 264 9 4 Sales of firewood .. .. .. .. 18139 Wages .. .. .. 3,497 12 1 Timber used for mill purposes .. .. 589 16 10 Supplies .. .. .. 671 13 6 Depreciation .. .. 1,857 15 10 6,291 10 9 Lees logs on hand, 31st March, 1928 .. .. .. 7 10 0 6,284 0 9 Milling— Wages .. .. .. 2,891 3 6 Supplies .. .. .. 595 13 1 3,486 16 7 Add timber on hand, 31st March, 1927 .. .. . . 72 18 0 3,559 14 7 Less sawn timber on hand, 31st March, 1928 .. .. 956 15 7 — 2,602 19 0 Gross profit .. .. .. .. 4,339 15 0 £13,226 14 9 £13,226 14 9 Profit and Loss Account. Dr. £ s. d. £ s. d. Cr. £ s. d. To Supervision .. .. .. .. 375 13 0 By Gross profit .. .. .. .. 4,339 15 0 Royalty .. .. .. .. .. 712 19 6 Insurance .. .. .. .. 89 15 4 Road-maintenance.. .. .. .. 169 8 6 Timber used in maintenance .. .. 174 8 3 Interest on plant on loan .. 415 0 Interest on capital .. 308 5 8 313 0 8 Depreciation of assets .. .. .. 1,840 17 0 Net profit for the year .. .. .. 663 12 9 £4,339 15 0 £4,339 15 0 TIMBER-SUPPLY AND SAWMILLS (PUBLIC WORKS FUND) : DONNELLY'S CROSSING. Profit and Loss Account for the Year ended 31st March, 1928. £ s. d. £ s. d. To Wages of watchman, &c. .. .. .. 79 6 0 By Rents of cottages and stacking-site .. .. 33 12 0 Fire insurance .. .. .. .. 308 17 6 Net loss for the year, carried down .. .. 923 8 1 Rentals of land and sidings .. .. .. 73 15 0 Repairs, &c. .. .. .. .. 22 11 0 Depreciation on plant, buildings, &c... .. 472 10 7 £957 0 1 £957 0 1 £ s. d. £ s. d. To Net loss brought down .. .. .. 923 8 1 By Net profit from previous periods, brought forward 6,170 7 4 Adjustment—Planer now charged to Sawmill Account .. .. .. .. 240 19 4 Balance, net profit, carried forward .. .. 5,005 19 11 £6,170 7 4 £6,170 7 4 Notes. —(a) The above-named sawmill was not operated during the year. (6) The charge for depreciation is included without special parliamentary appropriation. PLANT, MATERIAL, AND STORES (PUBLIC WORKS FUND). Income and Expenditure on Capital Account for the Year ended 31st March, 1928. Expenditure. Income. To Expenditure, including salaries, By Sundry recoveries from miscellaneous works — £ s. d. wages, &c., on— £ s. d. £ s. d. Plant— Plant .. .. .. 28,175 1 5 Hire, depreciation, sales, and transfers to Material and stores .. 49,817 2 2 separate accounts .. .. .. 42,368 9 5 77,992 3 7 Material and stores — Balance, excess of capital income over capital Issues, &0., including overhead charges .. 41,486 15 3 expenditure for the year, transferred to Balance, excess of capital expenditure over Plant Account .. .. .. .. 14,193 8 0 capital income for the year, transferred to Material and Stores Account .. .. 8,330 6 11 £92,185 11 7 £92,185 11 7 Note.—The following have been transferred to Public Works Departmental Account without appropriation : (a) Depreciation, &c., of plant not in service, £340 12s, 3d.; (6) amounts to be written off in Appropriation Act, 1928, in connection with material and stores, £1,284 6s, 4d.