B.—l [PT. IV],

AUDIT DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1935. Expenditure.. £ s. d. Income. £ s. d. To Salaries .. .. .. .. .. 50,034 14 9 By Fees due.. .. .. .. .. 32,906 14 1 Books, &e. .. .. .. .. 193 17 0 Excess of expenditure over income .. 28,432 11 11 Allowances, London and Samoa , . .. 442 0 2 Allowances, higher duties .. .. .. 280 0 0 Law-costs .. .. .. .. 15 15 0 Office fittings .. .. . . .. 88 16 2 Postages .. .. .. .. .. 263 19 8 Rent .. .. .. .. 1,360 0 0 Telephone services .. .. .. 207 16 0 Temporary assistance .. .. .. 902 18 6 Travelling-expenses .. .. .. 5,947 8 5 Contingencies .. .. .. .. 0110 Transfer expenses, Audit Officers, London .. 185 8 0 Depreciation— £ s. d. Mechanical appliances .. 17 6 2 Furniture and fittings.. .. 144 910 Books .. .. .. 61 10 7 223 6 7 Printing and stationery .. .. .. 316 10 10 Transfer and removal expenses .. .. 112 4 3 Overtime and meal allowances .. .. 742 4 2 Assets provisionally written off .. .. 1 15 6 £61,339 6 0 £61,339 6 0 £ s. d. £ s. d. To Balance .. .. .. .. .. -28,432 11 11 By excess of expenditure over income .. .. 28,482 3 11 Interest on capital ...... 49 12 0 £28,482 3 11 £28,482 3 11 Note. —(1) The following charges are included for which the Department possesses no parliamentary appropriations: (a) Rental value as assessed by the Public Works Department; (b) interest on capital; (2) No charge for the cost of exchange on payments made in London is included in the account. Balance-sheet as at 31st March, 1935. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 1,072 13 7 Furniture and fittings .. .. .. 343 15 7 Treasury Adjustment Account .. .. .. 31,043 18 1 Mechanical appliances .. .. .. 117 14 6 Creditors— £ s. d. Books . . .. . . . . .. 611 3 6 Departmental .. .. .. 39 10 9 Stationery .. .. .. .. .. 167 7 5 Sundry .. .. .. 282 5 8 Stamps .. .. .. .. .. 46 0 2 321 16 5 Debtors — £ s. d. Fees paid in advance .. .. .. 29 17 0 Departmental.. .. .. 27 9 0 Writings-off, Suspense .. .. .. 115 6 Sundry .. .. .. 2,672 11 0 2,700 0 0 Assets in Suspense .. .. .. 1 15 6 Excess of expenditure over income .. 28,482 3 11 £32,470 0 7 £32,470 0 7 J. H. Fowler, F.R.A.N.Z., Chief Clerk. 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 departmental notes enfaced thereon. —G. F. C. Campbell, Controller and Auditor-General. BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1935. Expenditure. £ s. d. Income. £ s. d. To Interest on consolidated stock .. .. 32,500 0 0 By Dividends received and declared for year .. 164,062 10 0 Management charges on consolidated stock .. 258 4 6 Excess of income over expenditure .. .. 131,304 5 6 £164,062 10 0 £164,062 10 0 Balance-sheet as at 31st March, 1935. Liabilities. Assets. Loan capital— £ £ s. d. Bank of New Zealand shares (at nominal £ s. d. New Zealand consolidated stock— value) — 3J per cent., 1940 .. .. 500,000 500,000 preference A shares .. .. 500,000 0 0 4 per cent., 1943-63 .. .. 375,000 1,375,000 preference B shares .. .. 1,375,000 0 0 875,000 0 0 234,375 long-term mortgage C shares .. 234,375 0 0 Consolidated Fund capital .. .. .. 984,375 0 0 Dividends declared but not paid .. .. 75,781 5 0 Capital reserve .. .. .. .. 250,000 0 0 Treasury Adjustment Account .. .. 62,173 14 3 Accrued interest on consolidated stock .. 6,650 13 9 Excess of income over expenditure .. .. 131,304 5 6 £2,247,329 19 3 £2,247,329 19 3 Accumulated profits to 31st March, 1935, £2,874,440 4s. 3d., credited to the Consolidated Fund. B. C. Ashwin, Accountant to the Treasury. 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 comment that no charge for the cost of exchange on payments made in London is included in the Account. —J. H. Fowler, Deputy Controller and Auditor-General,

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