B.—l [PT. IV], SUP. TO 1932.

MINES DEPARTMENT —continued. Balance-sheet as at 31st March, 1932. Liabilities. Assets. £ g. d. Capital Account— £ s. d. £ s. d. Land .. .. .. .. .. 4,349 0 0 Consolidated Fund .. .. 8,303 1 11 Buildings .. .. .. .. .. 311 17 6 Public Works Fund .. 806,388 5 11 Stores .. .. .. .. .. 174 814,691 7 10 Motor-cars .. .. .. .. .. 469 10 3 Creditors— Furniture and fittings .. .. .. 1,093 17 1 Departmental .. .. 37 16 1 Mechanical office appliances .. .. .. 342 6 8 Sundry .. .. .. 8,370 4 9 Stationery .. .. .. .. .. 10 0 0 —- 8,408 010 Stamps .. .. .. .. .. 25 12 5 Reserves— Saleable publications .. .. .. 240 8 2 Depreciation .. .. 4,313 10 11 £ s. d. Bad and doubtful debts .. 750 0 0 Mortgages .. .. .. 5,840 0 0 — —— 5,063 10 11 Interest accrued due.. .. 65 4 4 Amounts held on deposit .. .. .. 6,824 11 4 5,905 4 4 Writings-off, Suspense Account .. .. 33 16 6 Debtors— Treasury Adjustment Account .. 6,074 3 1 Departmental .. .. 177 2 4 Sundry .. .. .. 12,604 8 5 12,781 10 9 National Development Account —Development of mining .. .... .. .. 793,900 5 11 Drills and equipment .. .. .. 6,773 16 3 Library and maps .. .. .. .. 184 7 0 Exhibits .. .. .'. .. .. 273 2 5 Mineral collections .. .. .. .. 66 11 0 Instruments .. .. .. .. 188 13 9 Assets in Suspense .. .. .. .. 33 16 6 Deposit Accounts — £ s. d. Coal-mines Amendment Act, 1922 10 0 0 Mining Act, 1926 .. .. 206 15 1 Receiver-General .. .. 870 12 1 Local bodies .. .. 3,030 13 7 Receivers of Gold Revenue .. 1,474 15 6 Post Office .. .. .. 39 0 0 Fixed deposits .. .. 1,192 15 1 6,824 11 4 Excess of expenditure over income, Mines Department .. 15,670 18 10 Less excess of income over expenditure, Coal Revenue Accounts.. .. .. 8,351 7 0 7,319 11 10 £841,095 10 6 £841,095 10 6 Contingent liability: Rent and royalty, Blenheim Bore, £164 16s. Bd. Notes.—Subsidies totalling £2,358 3s. lid. made to mining companies are recoverable, but only if payable gold in sufficient quantities is won, and subsidies totalling £29 Bs. lid. are repayable by 10 per cent, of the proceeds of gold won. The following charge is included for which the. Department possesses no parliamentary appropriation : Interest at 4J per cent, on capital. The item, National Development Account, £793,900 ss. lid., represents expenditure out of the Public Works Fund from 1870 to 1922, and which is not included in other items of the Balance-sheet. A. H. Kimbell, Under-Secretary. A. W. Giles, A.R.A.N.Z., Accountant. I hereby certify that the Income and Expenditure Account, Revenue 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 notes. —J. H. Fowler, Deputy Controller and AuditorGeneral. MINING ADVANCES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1932. Expenditure. £ s. d. Income. £ s d. To Interest on loan capital .. .. .. i, 879 19 11 By Interest on advances .. .. .. 1,179 3 8 Reserve for losses .. .. .. 670 19 0 Interest on investments .. .. .. 13 9 2 Balance, net loss .. .. .. .. 1,358 6 1 £2,550 18 11 £2,550 18 11 Balance-sheet as at 31st March, 1932. Liabilities. Assets. £ g . d. Loan capital: Securities at— £ s. d. £ s. d. Advances .. .. .. .. .. 37,370 210 3f per cent. .. .. .. 5,000 0 0 Sundry debtors .. .. .. .. 4,136 15 5 4 per cent. .. .. .. 24,500 0 0 Accrued interest on advances .. .. .. 124 5 3 4J per cent. .. .. .. 13,490 0 0 Cash in Public Account .. .. .. 528 14 6 5J per cent. .. .. .. 2,000 0 0 Losses. £s. d. 44,990 0 0 Losses in previous years .. 25,557 7 5 Liability to Consolidated Fund .. .. 2 15 Loss per Income and ExpendiInterest due to Consolidated Fund .. .. 6,420 9 3 ture Account .. .. 1,358 6 1 Accrued interest on loan capital .. .. 693 13 0 — 26,915 13 6 Reserve for losses .. .. .. .. 16,969 710 £69,075 11 6 £69,075 11 6 Note. —Loan capital amounting to £16,893 9s. has been redeemed from the Consolidated Fund, being amount of capital losses £16,849 4s. Bd.) written off under the 1920, 1924, 1927, and 1929 Appropriation Acts, £42 2s. lid. redeemed from the investment in the Public Debt Redemption Fund, leaving a balance of £2 Is. sd. due to the Consolidated Fund. The amount of interest due to the Consolidated Fund has been reduced by the sum of £5,897 16s. 9d., representing losses of interest due to this acoount. A. H. Kimbell, Under-Secretary for Mines. A. W. Giles, A.R.A.N.Z., Accountant. 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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