B.—l [Pt. IV].

STATE FOREST SERVlCE— continued. STATE ACCOUNT. Balance-sheet as at 31st Maeoh, 1931. £ s. d. £ s. d. I £ s. d. Forest, Capital Account .. .. .. 36,383,550 9 2 Land Account .. .. .. .. 2,021,183 15 1 Loans — ', Standing forests .. .. .. 34,028,189 15 2 Debentures and stock Forest improvements— £ s. d. issued— Demarcation .. .. 3,052 18 9 Kate of Amount of Roads and tracks .. 4,896 13 10 Interest Loan Protection improvements 328 6 6 PerOent. £ s. d. * 4 27,000 0 0 t> . , ' J ' 41 130 700 0 0 Departmental property—249>6 13 5 Indigenous forests--54 185,000 0 0 ■; •• ! 5J 527,010 0 0 Field equipment .. 2,470 14 4 -f i,n mn ~ ~ Office equipment .. 3,776 14 7 „- 1-7-7,1 in m Motor-vehicles .. 2,463 9 3 I -ro 17. /. o lelephone-lines .. 403 1 0 Advances from Consoli- ' ' Kre-fighting equipment 275 18 4 dated Fund- Photographic equipment 129 11 2 Finance Act, 1926 Reference library and ,-_..,. (section 21)- forest exhibits .. 1,234 19 10 PerCent £ s d ■ ForeBt ecolo gy' elulP--41 59 250 0 0 ment, &c. .. .. 237 15 3 Finance Act, 1927 Timber-testing equipment 794 14 11 (section 3)— Forest atlas .. .. 2,129 9 5 ~ ' n j Stores and miscellaneous 46 14 2 PorCent. £ s. d. „ 5i 45,000 0 0 „ , , „ 21 ' 018 10 U 10 4 250 0 0 Sundry debtors— 1,657,421 6 3 departmental .. 9 179 15 9 Sundry creditors- Sundr y •• •• 90,297 19 9 Consolidated Fund intere t St a + oorued on ln " ... . . (National Endowment vestments .. .. 5m 5 0 Revenue) .. .. 10,594 6 6 , T , . 100,074 0 0 Lands Department-Hu- ! Nurseries and plantations- „._.,„ o rakia Forest .. 5,822 0 0 Nurseries .. . 68,473 13 2 Open Plantations .. .. 2,379,904 11 4 Departmental .. 3,373 8 10 i Administration expenses Sundry .. .. 2,197 810 not yet allocated .. 14,487 0 0 Interest accrued on loans 12,035 7 7 _ , Z,ibZ,»bo 4 o ... m ! i q Experimental and research Reserves works — Bad debts .. .. 2,500 0 0 Sand-dune reclamation . 20,099 1.4 8 Public Debt Redemption Auckland Experimental Fund .. .. 3,129 7 5 „ . •• T - 2 ' 468 9 7 General Reserve- Re-establishment, LongIndigenous forests .. 390,678 1 6 w" ' Afforestation .. 239,069 17 4 Re - establishment, Waigjjrj jj77 (j 3 I kaia i< orest .. . . 0 10 o Liability for amounts held in deposit .. "'988.11 0 Rβ - establishment, Erua Writings-off in Suspense .. .. 2,119 0 8 A f Orest ' \ V 2,033 14 b Arboretum and sample plots .. .. 567 16 8 26,791 14 10 Seed in stock .. .. .. .. 6,700 19 7 I Investment in Public Debt Redemption Fund 4,163 13 10 Assets in Suspense .. .. .. 2,119 0 8 Deposit Account— £ s. d. Receiver-General's .. 689 7 11 Other (Forest Clerks) .. 299 3 1 988 11 0 Cash in Post Office .. 2 10 0 Cash in Public Account .. 31,103 9 11 31,105 19 11 £38,713,479 5 1 £38,713,479 5 1 Notes.—(l) Lands and standing forests other than areas purchased have been valued as follows: Prairie value, ss. per acre: protection, £1 per acre ; merchantable forest, £10 per acre. Accretions during the year have been brought into the accounts at the prairie value of ss. per acre. (2) Plantations have been valued at cost plus compound interest less returns compounded. A. D. McGavook, Director of Forestry. W. Eiach, A.R.A.N.Z., Accountant. I hereby certify that the Income and Expenditure 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, subject to the above departmental notes. —Gr. F. C. Campbell, Controller and Auditor-General.

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