B.—l [Pt. IV].

NAVAL DEFENCE. Income and Expenditure Account for the Year ended 31st March, 1937. Expenditure. Income. £ s. d. £ s. d. £ s. d. Purchase of discharge .. .. .. 155 0 0 Pay and salaries .. .. .. 250,219 1 8 Rents of buildings .. .. .. .. 358 8 0 Fleet Air Arm .. .. .. 4,327 10 6 Forfeited deferred pay .. .. .. 885 11 10 Clothing and victualling .. 41,390 15 0 Marine Department, re H.M.S. " Endeavour" .. 800 0 0 Add writings-ofi .. .. 583 810 Balance .. .. .. .. .. 513,598 4 7 41,974 3 10 Medical services .. .. 2,41813 4 Add writings-off .. .. 164 6 11 2,583 0 3 Calliope Dock .. .. .. .. 3,525 0 0 New agreement, Auckland Harbour Board 5,358 0 0 Repairs .. .. .. 16,259 16 0 Add writings-off .. .. 0 12 2 16,260 8 2 Oil-fuel expenses .. .. .. 32,658 14 5 Coal'.. .. .. •• 940 4 1 Electricity .. .. . . .. 3, 665 6 9 Naval stores .. .. .. 24,129 16 11 Add writings-off .. . . 302 8 5 24,432 5 4 Armament stores .. .. 34,779 10 0 Add writings-off .. .. 2,164 1] 7 r— 36,944 1 7 Works at base .. .. .. 3,573 11 5 Completion, Naval Armament Depot .. 316 3 1 Completion, Naval Base .. .. 184 4 1 Reserves: Various .. .. 10,410 5 2 Add writings-off .. .. 0 9 7 10,410 14 9 Printing and stationery .. .. 2,212 8 4 Freight .. •• •• •• 10,208 16 8 Office fittings .. .. .. • • 180 12 5 Passages .. .. •• 10,398 19 10 Postages . . • • • • • • 625 2 7 Training in England and Australia .. 2,651 6 6 Miscellaneous effective services .. .. 1,902 16 6 Deferred pay .. .. .. •• 42,214 0 8 Miscellaneous non-effective services 1,853 9 6 Add writings-off .. .. 52 0 0 1,905 9 6 Rental assessment .. . . .. 482 0 0 Depreciation .. .. . • • • 5, 643 1 6 £515,797 4 5 £515,797 4 5 £ s. d. Recoveries on account of expenditure of previous £ s. d. Balance brought down .. .. .. 513,598 4 7 years .. .. .. .. .. 1,010 13 9 Interest on capital .. .. .. 15,414 6 2 Balance .. .. .. -■ .. 528,001 17 0 £529,012 10 9 £529,012 10 9 £ s. d. Balance 528,001 17 0 Balance-sheet as at 31st March, 1937. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Capital Account .. ..412,622 10 5 Land ° a 2 Capital Account Unemployment Buildings .. .. .. .. .. 149,182 18 3 Fund: Contribution .. 9,281 13 4 Plant and fittings .. .. .. .. 05,849 15 8 421,904 3 9 Stores on hand .. .. .. .. 177,969 16 6 Sundry creditors — Deposits Account £ s. d. Departmental .. .. 612 5 8 Radiograms .. .. 230 4 4 Other .. •• 8,014 3 6 Remittances .. .. 2,615 19 0 8,626 9 2 Deferred pay .. . . 92,782 15 9 Amounts held on deposit— 95 'mn ] Radiograms ■ • • • 230 4 4 Assets in Suspense .. .. . . .. 910 8 1 Remittances .. ■■ 2,615 19 0 Excess of expenditure over income .. .. 528,001 17 0 Deferred pay .. ■■ 92,782 15 9 95,628 19 1 Writings-®ff Suspense Account .. 910 8 1 Treasury Adjustment Account .. 510,093 14 6 £1,037,163 14 7 £1,037,163 14 7 E. L. Tottenham, Naval Secretary. I hereby certify tliat 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].—J. H. Fowler, Controller and Auditor-General, 10— B. 1 [PT. IV].

73