B.—l [PT. IV

PUBLIC WORKS DEPARTMENT —continued. WAIHOU AND OHINEMURI RIVERS IMPROVEMENT SCHEME. Income and Expenditure Account fob the Year ended 31st March, 1935. Expenditure. Income. To Interest for 1934-35 — £ s. d. £ s. d. By Contribution from — £ s. d. £ s. d. First loan (£150,000) .. .. 5,250 0 0 Gold-mining companies .. 1,159 10 6 Second and subsequent loans .. 19,964 11 10 Gold duty .. .. 3,451 1 7 Public Works Eund capital .. .. 1,237 10 6 Consolidated Eund .. .. 1,150 7 2 Maintenance of works .. 3,090 4 10 5,760 19 3 Less subsidy from Unem- Rents and cottages and royalties from sale of ployment Board .. 1,382 15 0 sand .. .. .. .. .. 359 9 2 1,707 9 10 Interest credited for on investments in Public Debt Redemption Fund .. .. 210 12 5 Balance, being deficiency for the year carried down .. .. .. .. 21,828 11 4 £28,159 12 2 £28,159 12 2 £ s. d. i £ s. d. To Accumulated deficiency to 31st March, 1934 220,215 10 7 By Balance carried forward .. .. .. 242,044 1 11 Deficiency for 1934-35 .. .. .. 21,828 11 4 £242,044 1 11 £242,044 1 11 Balance-sheet as at 31st March, 1935. Liabilities. Assets. Loan liability— £ s. d. £ s. d. £ s. d. £ s. d. Debentures at— Land purchase and compensation 3,710 12 5 3i per cent. .. .. 584,925 0 0 Fencing .. .. .. 4,016 6 4 3§ per cent. .. .. 20,075 0 0 Clearing and destroying willows 52,185 6 8 4 per cent. .. .. 95,510 0 0 Moving of houses .. .. 4,016 4 1 700,510 0 0 Flood-gates .. .. .. 45,645 8 9 Liability to Public Works Fund .. 28,474 19 9 Interior drainage .. .. 56,203 10 II Liability to Consolidated Fund for Canals .. .. .. 11,789 13 8 unrecouped expenditure — Bridges .. .. .. 8,458 11 9 First loan: Interest .. 48,552 12 0 Stop-bank formation .. .. 492,630 16 3 Second and subsequent loans— Surveys, engineering, investigaInterest .. .. 224,583 3 3 tions, &c. .. .. .. 21,667 1 8 Sinking fund .. .. 1,612 10 8 Gauges .. .. .. 2,224 18 8 Public Works Fund capital 4,374 7 2 Slips, groynes, and dredging at Maintenance of completed wharves .. .. .. 3,076 14 9 works.. .. .. 11,103 7 5 Wharves and goods-sheds .. 9,927 5 7 —— Stores and tools on hand .. 1,579 16 7 290,526 0 6 Buildings and accommodation .. 233 17 6 Less contributions received Plant, £51,139 7s. ; less depreciatowards interest, main- tion charged to works, £50,677 tenance, &c. .. .. 18,027 5 8 7s. .. .. .. 462 0 0 , 272,198 14 10 Pontoons .. .. .. 818 10 0 Sundry creditors — • Maintenance during construction 3,820 8 4 Works, &c. .. .. 222 5 9 Contribution towards Criterion Accrued interest .. . . 5,157 15 3 and Ohinemuri Bridges and — —— 5,380 1 0 Paeroa Station-yard .. 11,480 0 0 Sinking-fund reserves—■ — 733,947 311 First loan .. .. 3,304 0 4 Advance to Waihi Borough: Second and subsequent loans 1,612 10 8 Finance Act, 1923, section 10 .. 1,997 7 9 4,916 11 0 Debtors for contribution towards interest, sinking fund, and maintenance— Gold-mining companies .. 2,095 15 0 Gold duty .. .. 22,920 16 10 Consolidated Fund .. .. 1,150 7 2 26,166 19 0 Sundry debtors : Miscellaneous .. 236 1 2 Investments, Public Debt Redemption Fund — First loan .. .. 3,304 0 4 Second and subsequent loans 1,612 10 8 4,916 11 0 Interest credited .. .. 2,172 110 7,088 12 10 Income and Expenditure Account: Accumulated deficiency on interest, sinking fund, and maintenance charges to 31st March, 1935 . . 242,044 111 £1,011,480 6 7 £1,011,480 6 7 T. A. Barrow, Accountant, Public Works Department. 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. The following comment is appended : The deficiency in contributions towards expenditure has not been met by levying a rate as required by section 17, subsection 4 (d), Waihou and Ohinemuri Rivers Improvement Act, 1910. —J. H. Fowler, Deputy Controller and Auditor-General.

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