B. —6.

Table No. 17. State Balance-sheet as at 31st March, 1935. Liabilities. Assets. Capital— £ s. d. Land and buildings, including Crown, settlement, and £ s. d. Public debt* .. .. .. 284,431,217 610 endowment land, departmental land and buildings 40,283,405 17 7 Rural Advances'bonds .. .. 4,213,050 0 0 State forests, nurseries, and plantations .. .. 38,473,759 5 3 Public Debt Redemption Fund .. 17,225,644 10 6 Railways, including permanent-way and works, rollingCreditors — stock, and unopened lines .. .. .. 59,176,273 4 11 Sundry .. .. .. 2,144,585 16 0 Telegraphs, telephones, and wireless systems .. 11,021,636 3 6 Interest on debentures and stock due Electrical schemes .. .. .. 12,992,304 14 8 and unpaid* .. .. .. 17,412 15 0 Drainage and irrigation schemes .. .. .. 4,164,244 12 7 Interest on public debt accrued but Collieries, sawmills, quarries, &c. .. .. 388,633 3 10 not due* .. .. .. 2,333,270 14 1 Armament and military stores, aviation equipment .. 2,785,708 7 4 Wages and other payments accrued 7,245 13 5 Oyster-beds, fish-hatcheries, equipment, &c. .. 122,345 13 0 Payments in advance, &c. .. .. 457,359 6 1 Wharves, bridges, harbour-works, lighthouses, &(j. .. 726,493 9 11 Reserves— Plant, material, and furniture .. .. .. 2,985,316 3 1 General .. .. .. 3,767,466 4 6 Libraries, books, museum exhibits, stationery, Sinking fund and reserves for loan- stamps, &c. .. .. .. .. .. 219,971 4 10 redemption .. .. .. 3,272,681 10 1 Live and dead stock, farm crops, &c. .. .. 252,915 3 9 Depreciation .. .. .. 6,424,618 4 8 Government steamers, launches, motor-cars, &c. .. 495,506 2 6 Fire, accident, and marine insurance, Advances on loan or mortgage .. .. .. 55,731,964 12 2 bad debts, &c. .. .. 1,156,094 11 II Debtors— Amount held on deposit .. .. 570,376 311 Sundry .. .. .. .. .. 2,058,346 16 2 Suspense .. .. .. 298,611 5 1 Unpaid purchase-price of land and buildings, and Post Office investment and war-loan interest thereon .. .. .. .. 2,157,948 2 9 certificates .. .. .. 1,147,086 3 4 Postponed rents, &c. .. .. .. .. 433,304 4 11 Miscellaneous liabilities ~ .. 53,892 10 9 Interest and rent, due and unpaid, and due and Excess of assets over liabilities .. 59,010,458 911 accrued .. .. .. .. .. 3,579,597 14 9 Special investments — Nauru phosphate, rights .. .. .. 565,040 0 0 Bank of New Zealand shares .. .. .. 2,109,375 0 0 Reserve Bank of New Zealand .. .. 1,000,000 0 0 Public Trust Office (Public Debt Redemption Fund, &c.) .. .. .. .. 7,966,688 11 2 Special assets of various accounts — Native land schemes, &c. .. .. .. 950,416 7 4 Unallocated loan charges . . .. . . 627,663 7 9 Payments in advance .. .. .. .. 251,218 10 9 Properties acquired by Crown and properties in course of realization .. .. .. .. 1,122,023 18 3 Investments— Reserve Fund .. .. .. .. 324,907 9 3 Sinking funds .. .. .. .. 657,140 8 2 Miscellaneous, including investment of Treasury accounts .. .. .. .. .. 5,138,417 17 4 National Development Account— Expenditure on— £ s. d. Main highways, roads, &c.. . 29,943,424 0 11 Development of mining .. 867,467 15 11 Education . . .. 8,238,834 3 9 Immigration .. .. 3,319,158 9 4 Harbour-works .. .. 1,045,081 10 0 Land-development .. 783,799 7 6 Cost of raising loans .. 76,475 3 8 44,274,240 11 1 Other loan expenditure— War expenditure .. .. 65,142,599 9 8 Naval defence .. .. 1,389,656 1 5 Local bodies .. .. 3,037,229 19 2 Maori-land settlement .. 247,050 0 0 Miscellaneous .. .. 6,163,496 18 8 75,980,032 8 11 Cash — Public Account .. .. 5,666,605 17 5 Receiver-General .. .. 23,724 3 10 State Advances Office Account 980,157 18 4 Post Office or Post Office Savings-bank .. .. 508,386 9 0 Deposit accounts .. .. 34,335 9 1 In hand and in transit .. 37,173 0 6 Deposit with Bank of International Settlements .. 36,023 0 0 Public Trust Office .. 185,602 4 8 : 7,472,008 2 10 Miscellaneous assets .. .. .. 42,223 15 9 £386,531,071 6 1 £386,531,071 6 1 * See Note (2) below. Notes. —(1) To account for the whole public debt, loan expenditure on war and other purposes not represented by tangible assets has been included under the heading " Other Loan Expenditure." Interest is received in respect of portion of the local bodies' loan expenditure. (2) Of the amount shown as public debt, £1,193,441 17s. Id. is held by investment accounts within the Public Account. Interest accrued and interest due and unpaid in respect of this sum is also shown in both sides of the Balance-sheet. (3) Contingent liabilities :—- Subsidies (not including accumulated interest) short paid to — £ s. d. Teachers' Superannuation Fund .. .. .. * .. 1,403, 084 0 0 Public Service Superannuation Fund .. .. .. .. 2,304,085 0 0 - 3,707,169 0 0 Excess of subsidies recommended by Actuary over subsidies paid: Railway Superannuation Fund .. .. .. .. .. 1,273,000 0 0 4,980,169 0 0 Local authorities, loans guaranteed by the Govern- £ s. d. ment _ •• 2,975,075 0 0 Less accumulated sinking funds .. .. 941,541 14 0 2,033,533 16 0 £7,013,702 16 0

XV