B.—l [Pt. IV].

MAIN HIGHWAYS ACCOUNT— continued. General Balance-sheet as at 31st March, 1936.

Note.—No liability is included for interest on loans redeemed out of Public Debt Redemption Fund. T. A. Babkow, A.R.A.N.Z., Accountant, Public Works Department. J. Wood, 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 £547,891 19s. sd. for redemption of securities has been set up and paid over to Loans Redemption Account, but only £5,000 has been applied to the redemption of securities.—J. H. Fowler, Deputy Controller and Auditor-General.

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LIABILITIES. Fmd." 6 Total. 1 ASSETS. 0 " Total - Revenue Fund — £ s. d. £ s. d. £ s. d. Cash in Public Account — £ s. d. £ s. d. £ s. d. Excess of income over expenditure for 1935-36 .. 34,637 1 11 At call .. .. .. .. .. .. 87 522 17 0 1 868 5 7 89 391 2 7 Less Balance at 31/3/35 .. .. .. 7,757 10 10 Sundry debtors Public Works Department .. .. .. .. 1,684 2 4 1,254 8 0 2,938 10 4 26,879 11 1 .. 26,879 11 1 Other Government Departments .. .. .. 5,378 3 11 2,063 5 0 7,441 8 11 Sundry creditors— Non-departmental .. .. .. .. .. 3,961 17 0 3,870 10 4 7,832 7 4 Public Works Department .. .. .. 5,119 0 7 2,417 15 0 7,536 15 7 Advances to local authorities (Main Highways Amendment Other Government Departments .. .. 1,936 16 5 669 11 8 2,606 8 1 Act, 1926, section 2) .. .. .. .. .. 89,797 3 11 .. 89,797 3 11 Nou-d-epartmental .. .. .. .. 141,565 18 3 44,990 19 5 186,556 17 8 Advance on subsidies (Finance Act, 1930, sections 37 and 39, Interest accrued on loans _ .. .. .. 28,471 6 5 .. 28,471 6 5 and Finance Act, 1932, section 36) .. .. .. 3,002 1 3 .. 3,002 1 3 Motor-registration fees paid in advance .. .. 80,000 15 0 .. 80,000 15 0 Motor-registration fee in hands of Postal Department .. 4,290 11 10 .. 4,290 11 10 Writings-off in Suspense .. .. .. .. 71 4 0 69 11 4 140 15 4 Interest due and accrued .. .. .. .. 2,244 2 1 .. 2,244 2 1 Reserve for redemption of securities .. .. 547,891 19 5 .. 547,891 19 5 Stocks of materials, tools, &c. .. .. .. .. 29,696 12 4 25,631 5 0 55,327 17 4 Stocks Deficits Account.. .. .. .. .. 71 4 0 69 11 4 140 15 4 Furniture, fittings, &c. .. £ s. d. Expenditure to 31/3/36 .. .. 2,016 17 9 Lest s depreciation to 31/3/36.. .. 780 2 11 1,236 14 10 .. 1,236 14 10 Plant and equipment — For Main Highways Board — Expenditure to 31/3/36 .. .. 120,147 6 1 Less depreciation charged to works .. 88,260 19 5 31,886 6 8 .. 31,886 6 8 Purchased for local authorities — Expenditure to 31/3/36 .. .. 193,911 16 6 Less repayments of principal .. 170,639 1 11 23,272 14 7 .. 23,272 14 7 Amount transferred to Loans Redemption Account .. .. .. .. 548,948 7 7 Less amount utilized for redemption of securities .. .. .. .. 5,000 0 0 543,948 7 7 Interest accrued to 31/3/36 .. .. 3,943 11 10 547,891 19 5 .. 547,891 19 5 Construction Fund — ! Excess of expenditure over income for 1935-36.. .. .. .. 175,024 1 1 Less Balance at 31/3/35 .. .. 161. 635 8 11 .. 13,390 12 2 13,390 12 2 831,936 11 2 48,147 17 5 880,084 8 7 831,936 11 2 48,147 17 5 880,084 8 ~7 1