B.—l [PT. IV].

NEW ZEALAND STATE COAL-MlNES—continued. General Pkofit and Loss Account for the Year ended 31st March, 1932. Dr. To Special depreciation— £ s. d. Or. £ s. d. James Colliery .. .. .. .. 12,361 17 10 By Transfer from General Reserve Account .. 64,580 14 10 Liverpool Coliiery .. .. .. 17,8X9 18 1 Mac Donald Colliery .. .. .. 34,398 18 11 64,580 14 10 64,580 14 10 Net loss, Wanganui Depot .. .. 200 2 4 Net profit— £ s. d. Balance —Profit for year, carried down .. 16,032 0 5 James Colliery .. .. 2,027 410 Liverpool Colliery .. .. 1,789 8 1 * Mac Donald Colliery .. 781 15 3 Wellington Depot .. .. 812 18 0 Christchurch Depot .. 1,153 10 1 — 6,564 16 3 Net recoveries— Seddonville Colliery .. 60 16 7 Royalties .. .. .. 5,007 16 7 Charming Creek area .. 63 2 1 — 5,131 15 3 Net revenue from hire of plant, buildings, &c... 5 15 2 Interest on investments .. .. .. 4,529 16 1 £80,812 17 7 £80,812 17 7 £ s. d. £ s. d. To Sinking Fund Account for redemption of loan By Balance —Profit for year 1931-32 .. .. 16,032 0 5 capital.. .. •• 7,885 15 7 Mines Department, proportion of administrative expenditure incurred in past years, but not refunded.. .. •• •• 5,000 0 0 12,885 15 7 Balance —Net profit for year .. .. 3,146 410 £16,032 0 5 £16,032 0 5

94