B.—l [Pγ. IV].

KAURI-GUM INDUSTRY ACCOUNT. Trading Account for the Year ended 31st March, 1981. Dr. £ s. d. Or. £ s. d. To Gum on hand, Ist April, 1930 .. .. 5,151 10 2 By Sales of gum .. .. .. .. 2,477 910 Gum on hand, 31st March, 1931 .. .. 2,648 10 6 Balance to Profit and Loss Account.. .. 25 9 10 £5,151 10 2 £5,151 10 2 Profit and Loss Account for the Year ended 31st March, 1931. Dr. £ s. d. Cr. £ s. d. To Trading Account .. .. .. .. 25 910 By Interest on investments .. .. .. 346 6 0 Gum-cleaning expenses .. .. .. 313 0 0 Intereet allowed on Binking Fund contributions 31 18 5 Wages .. .. .. .. .. 14 3 5 Miscellaneous .. .. .. .. 10 0 Freight and cartage .. .. .. 4 19 Balance, net loss for year, carried down .. 3,210 16 3 Depreciation .. .. .. .. 13 0 0 Insurance .. .. .. .. 40 1 8 Printing and stationery .. .. .. 22 6 Rent .. .. .. .. .. 267 3 3 General expenses .. .. .. 196 17 10 Interest on debentures .. .. .. 2,714 0 5 £3,590 0 8 £3,590 0 8 £ s. d. £ s. d. To Balance from previous year .. .. 61,103 11 3 By Adjustment on account previous year .. 173 17 2 Balance carried down .. .. .. 3,210 16 3 Balance—Accumulated loss to 3lst Miirch, 1931 71,350 22 Loss on realization .. .. .. 7,209 11 10 £71,523 19 4 £71,523 19 4 Balance-sheet as at 31st March, 1931. Liabilities. Asse's. £ s. d. Capital £ s. d. £ s. d. Realization Account—Assets in course of realization 7,839 11 7 Debentures at 4 per cent. .. 57,000 0 0 Gum on hand .. .. .. .. 2,648 10 6 Crown Lands Account .. 500 0 0 Advances on gum .. .. .. •.. 27 11 11 57,500 0 0 Debtors— £ s. d. Consolidated Fund, for interest paid on debentures 18,665 12 6 Kauri-peat Oils .. .. .. 52 6 8 Interest accrued but not due .. .. .. 936 19 8 Sundry.. .. .. .. 25 16 0 Creditors— £ s. d. 78 2 8 Interest due and unpaid on debentures 917 3 Investment in Public Debt Redemption Fund .. 829 19 6 Kauri-gum Control Board .. 39 15 0 Losses in Suspense Account .. .. .. 58 18 4 49 12 3 Profit and Loss Account .. .. .. 71,350 22 Writings-off reserve .. .. .. .. 7,268 10 2 Cash in Public Account .. .. .. 1,587 17 11 £84,420 14 7 £84,420 14 7 W. Robertson, Under-Secretary for Lands. W. E. Shaw, Accountant. I hereby certify that the Trading and 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. The following comments are appended : (1) The certificate of the Secretary has been accepted for the stocks of gum on hand ; (2) losses of stocks of gum amounting to £6,108 Bs. 10d , the value of the accumulated shrinkage and dust, have been written off without the authority of Parliament.—G. F. C. Campbell, Controller and Auditor-General.

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