B.—l [Pt. IV].

WAIHOU AND OHINEMUEI RIVERS IMPROVEMENT ACCOUNT. Income and Expenditure Account foe the Year ended 31st March, 1931. Expenditure. Income. To Interest for 1930-31— £ s. d. By Contribution from— £ s. d. £ s. d. First loan (£150,000) .. .. .. 6,000 0 0 Gold-mining companies ..1,180 810 Second and subsequent loans and transfers .. 22,503 18 2 Gold duty .. .. .. 3,541 6 5 Maintenance of works .. .. .. 1,177 12 11 Consolidated Fund .. .. 1,180 810 Cost of exchange on cash remitted to London 5,902 4 1 for investment .. .. .. .. 29 10 0 Rents from cottages and royalties from sale of sand .. .. .. .. .. 407 18 9 Interest credited for 1930-31 on investments in Public Debt Redemption Fund .. 180 0 9 Balance, being deficiency for the year, carried down .. .. .. .. .. 23,220 17 6 £29,711 1 1 £29,711 1 1 £ s. d. £ s. d. To Accumulated deficiency to 31st March, 1930 .. 126,719 10 6 By Balance carried forward .. .. .. 149,940 8 0 Deficiency for 1930-31 .. .. .. 23,220 17 6 £149,940 8 0 £149,940 8 0 Balance-sheet as at 31st March, 1931. Liabilities. Assets. Loan liability — £ s. d. £ s. d. £ s. d. £ s. d. Debentures at— Land purchase and compensation 3,530 12 5 4 per cent. .. .. 644,925 0 0 Fencing .. .. .. 3,996 711 4| per cent. .. .. 20,075 0 0 Clearing and destroying willows .. 52,012 13 10 5| per cent. .. .. 35,000 0 0 Moving of houses .. .. 4,016 4 1 700,000 0 0 Flood-gates .. .. .. 45,826 2 0 Transfer from Public Works Fund .. 10,000 0 0 Interior drainage .. .. 55,110 7 4 Liability to Consolidated Fund for Canals .. .. .. 11,789 13 8 unrecouped expenditure— Bridges .. .. .. 8,458 11 9 First loan—lnterest .. .. 26,177 18 10 Stop-bank formation .. .. 458,961 5 9 Second and subsequent loans— Surveys, engineering investigaInterest .. .. .. 140,105 5 9 tions, &c. .. .. .. 21,337 18 0 Sinking fund .. .. 1,612 10 8 Gauges .. .. .. 2,207 611 Maintenance of completed works 6,930 1 9 Slips, groynes, and dredging at 174,825 17 0 wharves .. .. .. 3,029 0 0 Sundry creditors— Wharves and goods-shed .. 9,927 5 7 Works, &c... .. .. 1,933 4 6 Stores and tools on hand .. 3,878 19 10 Accrued interest .. .. 4,632 4 6 Buildings and accommodation .. 513 10 0 6,565 9 0 Plant, £50,790 7s. ; less depreciaSinking fund reserves — tion charged to works, £40,729 7s. 10,061 0 0 First loan .. .. .. 3,304 0 4 Pontoons .. .. .. 1,286 10 0 Second and subsequent loans .. 1,612 10 8 Maintenance during construction 3,820 8 4 4,916 11 0 I Contribution towards Criterion and Ohinemuri Bridges and Paeroa Station-yard .. .. 11,480 0 0 711,243 17 5 Advance to Waihi Borough—Finance Act, 1923, w section 10 .. .. .. .. 1,997 7 9 Debtors for contribution towards interest, sinking fund, and maintenance — £ s. d. Gold-mining companies .. 1,180 810 Gold duty .. .. .. 18,306 12 10 Consolidated Fund .. .. 1,180 8 10 20,667 10 6 Sundry debtors—Miscellaneous .. .. 646 11 11 Investments, Public Debt Redemption Fund— £ s. d. First loan .. .. .. 3,304 0 4 Second and subsequent loans .. 1,612 10 8 4,916 11 0 Interest credited .. .. 1,376 19 7 6,293 10 7 Cash balance in Public Account .. .. 5,518 10 10 Income and Expenditure Account —Accumulated deficiency on interest, sinking fund, and maintenance charges to 31st March, 1931 .. .. 149,940 8 0 £896,307 17 0 £896,307 17 0 J. J. Gibson, Accountant, Public Works Department. 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. The following comment is appended : The deficiency in contributions towards expenditure has not been met by levying a rate as required by section 17, subsection 4 (d), Waihou and Ohinemuri Rivers Improvement Act, 1910.— G. F. C. Campbell, Controller and Auditor-General.

14— B. 1 [Pt. IV].

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