B._l [Pγ. TV].

LAND AND INCOME TAX DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1931. Expenditure. Income. f s. d. £ s. d. £ s. d. To Salaries .. .. .. .. 43,753 15 8 By Land-tax Account .. .. 1,195,037 6 10 Advertising, books, &c... .. .. 883 12 3 Income-tax Account .. 4,180,515 7 5 Gas and lighting .. .. .. 10 7 2 Film-hire Tax Aooouni .. 41,756 4 10 Hardship Commission .. .. .. 701 8 5 Dividends on shares .. 162 17 6 Law-costs .. .. .. .. 232 8 1 Mortgage interest .. .. 250 0 0 Office-cleaning.. .. .. .. 22 19 11 Postage and telegrams .. .. 2,407 8 4 Printing and stationery .. .. 2,761 18 2 Rent .. .. .. .. 2,255 19 0 Repairs and renewals .. .. .. 85 0 4 Sundry expenses .. .. .. 5 12 1 Telephone services .. .. .. 160 0 3 Travelling allowances and expenses .. 972 8 4 Services rendered by other Departments — Customs Department— Collecting Depo its 200 0 0 Post and Telegraph Department —Receiving payment of tax .. .. 1,960 12 0 Valuation Department— Contribution towards expenses .. .. .. 13,507 11 10 Interest on payments in advance under section 134 of Land and Income Tax Act, 1923 .. .. .. 599 13 4 70,529 15 2 Depreciation on office furniture, fittings, mechanical appliances, and library .. .. .. .. 492 3 6 Balance carried down .. .. .. .. 5,346,699 17 11 £5,417,721 16 7 £6,417,721 16 7 £ s. d. £ s. d. To Interest on capital .. .. .. .. .. 299 Iβ 10 By Balance brought down .. 6,346,699 17 II Excess of revenue over expenditure .. .. .. 6,346,406 18 1 Proceeds sale of typewriter .. 5 17 0 £5,346,7(15 II II £5,346,705 14 11 Percentage of cost of collection, 1-305 = £1 6s. Id. Note. —The above accounts include assessed rent (£2,240) and interest on capital for which parliamentary appropriation has not been obtained. Balance-sheet as at the 31st March, 1931. Liabilities. ■ I *ieto. £ s. d. £ s. d. £ s. d. £ s. d. Capital Fund .. .. .. .. 6,663 4 7 Office furniture and fittings .. 4,420 19 10 Sundry departmental creditors 16,340 1 3 Additions during year .. 50 511 Sundry other creditors* ..17,064 13 4 4,471 5 9 32,404 14 7 Office appliances .. .. 1,965 11 9 Depreciation reserve .. .. .. 4,677 11 11 Additions during year .. 47 0 0 Suspense Account for default, assessments, &e. 150,000 0 0 2,012 11 9 Excess of revenue over expenditure .. .. 5,346,405 18 1 Library .. .. .. 276 13 0 Additions during year .. 6 9 6 283 2 6 Forms and stationery .. .. .. 1,031133 Sundry departmental debtors .. 28 9 4 Sundry other debtors .. 574,867 13 0 574,896 2 4 Cash in hand and in I , <>sM < .. .. 24,008 10 11 Treasury Adjustment Account .. .. 4,933,448 2 8 £5,540,151 9 2 £5,540,151 9 2 • Includes amount - paid in advance and overpayments subject to adjustment. Contingent liabilities in respect of bills discounted by Bank of New Zealand, £63,659 Bs. 10d. E. J. R. Cumming, F.1.A.N.Z., Commissioner of Taxes. 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.

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