TABLE 1.—MAIN HIGHWAYS ACCOUNT— continued. General Balance-sheet as at 31st March, 1935.

D.—l

E. L. Greensmith, Accountant, Public Works Department. C. J. McKenzie, Chairman, Main Highways Board. 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 departmental notes enfaced thereon. The following comment is appended: A reserve of £449,542 4s. Bd. for redemption of securities has been set up and paid over to Loans Redemption Account, but only £60,720 has been applied to the redemption of securities.—J. H. Fowler, Deputy Controller and Auditor-General.

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LIABILITIES. l Revenue | ° 0I f™f 0n Total. | ASSETS. : | 0 " Total " . - " - — — Construction Fund — l£ s. d. £ s. d. £ s. d. Cash in Public Account — £ s. d. £ s. d. £ s. d. Balance at 31/3/34 .. .. .. .. .. 55,619 9 4 At call .. .. .. .. .. .. 33,568 8 1 125,058 17 9 158,627 5 10 Add excess of income over expenditure for 1934— 35 .. 106,013 19 7 Temporarily invested until required .. .. .. .. 57,077 0 0 57,077 0 0 161,633 8 11 161,633 8 11 33,568 8 1 182,135 17 9 215,704 5 10 Sundry debtors — Public Works Department .. .. .. .. 1,506 9 6 168 4 8 1;674 14 2 Other Government Departments .. .. .. 770 7 11 1,083 6 5 1,853 14 4 Sundry creditors — Non-departmental .. .. .. .. •• 5,794 18 7 5,191 0 10 10,985 19 5 Public Works Department .. .. .. 5,463 17 10 654 12 0 6,118 9 10 Advances to local authorities (Main Highways Amendment Other Government Departments .. .. .. 3,949 15 3 275 6 1 4,225 1 4 Act, 1926, section 2) .. .. .. .. .. 74,939 7 0 .. 74,939 7 0 Non-departmental .. .. .. .. 94,648 11 2 29,280 2 6 123,928 13 8 Advance on subsidies (Finance Act, 1930, sections 37 and 39, Interest accrued on loans .. .. .. .. 27,502 16 6 .. 27,502 16 6 and Finance Act, 1932, section 36) .. .. .. 4,320 1 10 .. 4,320 1 10 Motor-registration fees paid in advance .. .. 70,319 0 0 .. 70,319 0 0 Motor-registration fees in hands of Postal Department .. 4,552 15 0 .. 4,552 15 0 Writings-off in Suspense .. .. .. .. 86 8 6 16 4 1 102 12 7 Interest due and accrued .. .. .. .. 3,505 8 0 .. 3,505 8 0 Reserve for redemption of securities .. .. .. 392,414 19 1 .. 392,414 19 1 Stocks of materials, tools, &c. .. .. .. .. 26,436 2 3 3,264 19 10 29,701 2 Stocks Deficits Account.. .. .. .. .. 86 8 6 16 4 1 102 12 7 Furniture, fittings, &c. £ s. d. Expenditure to 31/3/35 .. .. 1,674 17 4 Less depreciation to 31/3/35 .. 654 10 8 1,020 6 8 .. 1,020 6 8 Plant and equipment — For Main Highways Board —• Expenditure to 31/3/35 .. .. 105,270 18 2 Less depreciation charged to works 82,134 19 5 23,135 18 9 .. 23,135 18 9 Purchased for local authorities — Expenditure to 31/3/35 .. .. 177,703 13 0 Less repayments of principal .. 163,127 6 8 14,576 6 4 .. 14,576 6 4 Amount transferred to Loans Redemption Account .. .. .. .. 449; 542 4 8 ! Interest accrued to 31/3/35 .. .. 3,592 14 5 453,134 19 1 Less amount utilized for redemption of securities .. .. .. .. 60,720 0 0 392,414 19 1 .. 392,414 19 1 Revenue Fund — Excess of expenditure over income for 1934-35.. .. .. .. 188,772 1 0 Less Balance at 31/3/34 .. .. 181,014 10 2 7,757 10 10 .. 7,757 10 10 594,385 8 4 191,859 13 7 786,245 1 11 594,385 8 4 191,859 13 7 786,245 1 11