B.—l TPT. IV

STATE FOREST SERVlCE—continued. STATE FORESTS ACCOUNT —continued. Balance-sheet as at 31st Mabch, 1935. Liabilities. Assets. £ s. d. £ s. d. Land Account .. .. .. .. 1,072,975 5 6 Capital Account .. .. .. .. 35,410,336 8 9 Standing forests .. .. .. • ■ 34,028,189 15 2 Loans — Forest improvements— £ s. d. Debentures and stock issued — Demarcation .. .. 2,360 15 10 Rate of Interest. Amount of Roads, tracks, &c. .. 5,314 15 10 Per Cent. Loan. , Protection improvements 236 19 3 £ s. d. £ s. d. r 7 q l2 in 11 q 7 nnn n n ' ~ n ft Departmental property: Lift Vo- AAA A a digenous forests— f ~i a a Buildings .. .. 6,437 19 6 t iS K Field equipment .. 1,264 19 2 fj, 20 f'396 13 5 Office equipment .. 1,967 2 6 K1 in'™ A a MotQr-vehicles .. .. 664 19 8 f ?'7?4 12 10 Telephone lines.. .. 267 1 9 ' , cm no Fire-fighting equipment . . 97 10 8 .. . „ ,93U,0 Photographic equipment .. 60 16 2 Advances from Consoli- Reference library, &c. .. 1,187 0 3 dated Fund: 4 per cent. 87,405 3 4 Forest-ecology equipment 30 011 „ , ' ' 1 Forest-entomology equipSundry creditors— ment .. .. 107 8 0 Consolidated i und Silvicultural-management Loans redeemed on con- studies equipment .. 19 910 version •• Q R Timber-testing equipment 526 6 1 For interest paid 130,324 9 6 Forest atlas . .. 1,620 11 9 For interest due and un- . Saleable publications .. 340 9 1 T, pal t Ti - '•> 20,139 Miscellaneous .. .. 54 4 9 For National-endow- 646 0 1 ment revenue .. 11,117 3 0 Sundry debtorsLands Department Departmental .. .. 405 18 6 HurakiaForest: Interest 3,202 5 y Sundry 86 137 2 0 Open accounts— .... , Q 0 Departmental .. * o Nurseries and plantations— Sundr y •• •• 5,137 18 10 „ A / anfllft „ Nurseries .. .. 27,012 6 3 „ 304,606 10 9 pi anta tions .. .. 3,328,898 5 2 Reserves: General Reserve- Administration expenses Inchgneous .. .. 452,524 7 5 not yet allocated .. 8,151 1 6 Afforestation .. .. 440,767 3 0 3,364,061 12 11 T . . ~, . j . i'oko a o Experimental and research works .. .. 620 0 9 Liability for amounts held m deposit .. 1,962 0 2 g stoek 477 4 8 Writings-off m Suspense 10,151 16 0 Deposit Account-Receiver-General's .. .. 1,379 17 9 Other (Forest Clerks') .. .. .. 582 2 5 Cash in Public Account .. .. 41,852 4 0 Cash in Post Office .. .. .. 4 5 0 Premium on loan conversion .. .. 8,404 0 0 Assets in Suspense .. .. ■■ 10,151 16 0 £38,637,799 15 8 £38,637,799 15 8 Notes. —(1) Lands and standing forests other than areas purchased have been valued as follows : Prairie value, ss. per acre; protection, £1 per acre; merchantable forest, £10 per acre; accretions during the year have been brought into the accounts at the prairie value of ss. per acre. (2) Plantations have been valued at cost plus compound interest, less returns compounded. (3) No charge for the cost of exchange on payments made in London is included in the Revenue Account. (4) The liability for advances from the Consolidated Fund is fixed by section 21 of the Finance Act, 1926, and section 3 of the Finance Act, 1927, at £104,250. £87,405 3s. 4d. only is shown as a liability of this account, £16,844 16s. Bd., representing the expenditure on sand-dune reclamation, having been transferred without statutory authority to the Crown Lands Account. A. D. McGavocKj Director of Forestry. W. Riach, 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 departmental notes enfaced thereon.—J. H. Fowler, Deputy Controller and Auditor-General.

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