B.—l TPT. IYI.

MARINE DEPARTMENT—continued. ROCK OYSTER INDUSTRY. Profit and Loss Account toe 1934 Season. „ o P r ' j £ s. d. Or. £ 3< d. To Salaries and wages .. .. .. .. 3,806 110 By Sales .. .. . . . ~ 5,925 8 4 Maintenance of ketch and launches .. .. 572 1 6 Freight and cartage .. .. .. 287 15 10 Stores and materials .. .. .. 222 4 2 Repairs to depot .. .. ~ .. 3 0 8 Wharfage and cranage .. .. .. 44 18 4 Rent, fuel, light, &c. .. .. .. 66 0 0 Administration expenses .. .. . . 80 12 5 Travelling-expenses .. .. .. 73 6 1 Office expenses .. .. .. .. 20 17 0 Printing and stationery .. .. .. 14 1 Advertising .. .. .. .. 16 2 3 Compensation for accident .. .. .. 55 3 11 Depreciation: Launches, &c. .. .. 96 18 7 Balance carried down .. .. .. 579 1 8 £5,925 8 4 £5,925 8 4 £ s. d. £ s . d. To Interest on capital .. .. .. .. 69 14 5 By Balance brought down .. .. ~ 579 1 8 Net profit .. .. .. .. 509 7 3 £579 1 8 £579 1 8 Note—This account includes expenditure on oyster cultivation amounting to £910 6s. lid. ROSS DEPENDENCY. Income and Expenditure Account for the Year ended 31st March, 1935. Expenditure. £ s. d. Income. £ s . d. To Head Office administration .. .. .. 10 00 By Whaling-license fees .. .. ~ .. 600 oo' Depreciation : Furniture and equipment.. .. 1 19 9 Balance carried down .. .. .. 588 0 3 £600 0 0 £600 0 0 £ s. d. £ s _ (j. To Interest on capital .. .. .. .. 0115 By Balance brought down .. . .. 588 0 3 Excess of income over expenditure .. .. 587 810 £588 0 3 £588 o 3 Aggregate Income and Expenditure Account for the Year ended 31st March, 1935. Expenditure. £ s, d. Income. £ s d To Head Office .. .. .. .. 8,612 55 By Head Office .. .. .. .. 25 11 8 Mercantile Marine .. .. .. 59,819 511 Mercantile Marine .. .. .. 102 962 1 8 Harbours .. .. .. .. 2,997 16 11 Harbours .. .. .. .. 9 0 Inspection of machinery .. .. .. 15,130 55 Inspection of machinery .. .. .. 19'690 19 4 Fisheries .. .. .. .. 10,491 16 10 Fisheries .. .. .. .. Q' 755 g g Ross Dependency .. .. .. .. Ross Dependency .. .. .. ' goo 0 0 97,051 10 6 133,709 7 1 Depreciation .. .. .. .. 13,140 4 9 Proportion of administration charges transBalance carried down .. .. .. 24,017 11 10 ferred to Westport Harbour Account .. 500 0 0 £134,209 7 1 £134,209 7 1 £ s. d £ s. d. To Interest on capital .. .. .. 14,331 17 2 By Balance brought down .. .. .. 24,0]7 11 10 Balance, being excess of income over expenditure after charging depreciation and interest on capital .. .. .. .. 9,685 14 8 £24,017 11 10 £24,017 11 10 £ s d To Subsidy paid to Greymouth Harbour Board in £ s. d. By Balance brought down .. .. .. 9 685 14 8 terms of section sof the Greymouth Harbour Balance, 31st March, 1935.. .. " 2314 5 4 Board Amendment Act, 1920 .. .. 12,000 0 0 0 0 £12,000 0 0 Notes. —(1) The subsidy payable from time to time to Greymouth Harbour Board was formerly charged to Permanent Appropriations under special Acts. (2) The following charges are included for which the Department possesses no parliamentary appropriation: (a) Services of Customs officers; (b) rental value as assessed by Public Works Department; (c) interest at 4J per cent, on capital; (d) proportion of cost of raising public-works loans;'(e) Public Works Department overhead cost. Depreciation has been allowed for on balances of assets as at Ist April, 1934, the total charge being carried to Depreciation Reserve; (/) credit has been taken without appropriation for services rendered to the Customs Department. (3) No- charge for the cost of exchange on payments made in London is included in the account.

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