B. —1 [PT. IV Sup. TO 1928],

66

PUBLIC WORKS DEPARTMENT —continued. ACQUISITION AND OPERATION OP QUARRIES (PUBLIC WORKS PUND) : TAURAROA QUARRY. Trading and Profit and Loss Account for the Year ended 31st March, 1928. Dr. Cr. To Stocks, Ist April, 1927— £ s. d. £ s. d. By Sales of metal —• £ s. d. £ s. d. Running-stores and equipment 3,641 13 9 Transfers to works .. 20,454 6 11 Coal .. .. .. 391 18 6 Cash sales .. .. 2,910 18 6 Metal .. .. .. 32 10 0 23,365 5 5 4,066 2 3 Stocks, 31st March, 1928 — Quarrying .. .. .. .. 10,937 5 2 Running-stores and equipment 2,556 19 6 Crushing .. .. .. .. 4,143 17 3 Coal .. .. .. 390 0 0 Shunting to station-yard .. .. .. 1,329 13 4 2,946 19 6 Gross profit . . .. .. .. 5,835 611 £26,312 4 11 £26,312 4 11 £ s. d. £ s. d. To Salaries and supervisory wages .. .. 598 18 0 By Gross profit .. .. .. .. 5,835 611 Hire of crushers and engines from plant vote .. 272 15 4 Rental of quarters . . .. .. 7 10 Depreciation of land, buildings, sidings, &c. .. 2,465 7 0 Interest — £ s. d. On capital .. .. .. 206 510 On plant on loan .. .. 249 15 11 — 456 1 9 Net profit for the year .. .. .. 2,049 510 £5,842 7 11 £5,842 7 11 £ s. d. £ s. d. To Balance, total profit to 31st March, 1928 .. 2,206 2 2 By Balance of profit at Ist April, 1927 .. 156 16 4 Net profit for 1927-28 .. .. 2,049 5 10 £2,206 2 2 £2,206 2 2 Note. —The following charges have been included for which no parliamentary appropriation is held : (a) Interest (temporary charge) on net cash advances to 31st March, 1928, at 4J per cent., and on value of plant on loan from Plant vote ; (b) allowance for depreciation of fixed assets. ACQUISITION AND OPERATION OF QUARRIES (PUBLIC WORKS FUND) : TE WERA QUARRY (TARANAKI). Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Or. To Metal on hand, Ist April, 1927 .. .. 145 0 0 By Sales of quarry output for the Stripping .. .. .. .. 1,208 3 9 year (14,009-5 cubic yards)— £ s. d. £ s. d. Quarrying and feeding crusher .. .. 2,841 17 2 Metal, sand, and screenings .. 7,669 12 6 Repairs to plant, access, and jig-lines .. 348 210 Haulage on same .. .. 2,235 4 6 Coal and oil .. , .. .. 806 16 5 9,904 17 0 Drivers' and firemen's wages .. .. 2,077 19 2 Metal, &c., on hand, 31st March, 1928 .. 36 0 0 Gross profit, carried down .. .. 2,512 17 8 £9,940 17 0 £9,940 17 0 £ s. d. £ s. d. To Supervision .. .. .. .. 196 13 8 By Gross profit, brought down .. .. 2,512 17 8 Loading trucks .. .. .. .. 108 4 3 Accident and holiday pay .. .. .. 253 10 10 Miscellaneous expenses .. .. .. 265 10 7 Installation of plant and preliminary expenses (proportion written off) .. .. .. 188 1 8 Interest on capital at 4J per cent. .. .. 670 2 8 Depreciation— £ s. d. On plant hired, from Plant vote 79 0 0 On quarry assets .. .. 388 711 467 7 11 Balance, net profit for the year .. .. 363 6 i £2,512 17 8 £2,512 17 8 Note. —The following charges have been included for which the Department possesses no parliamentary appropriation under the Quarries vote : (a) Interest at 4J per cent, on net cash advances and on value of plant hired from Plant vote ; (b) depreciation of quarry assets.