B. —1 [Pt. IV]

NEW ZEALAND STATE COAL-MINES— continued. Balance-sheet as at 31st March, 1937. Liabilities. Assets. Loan capital— £ s. d. £ s. d. Collieries. £s. d. £ s. d. Loans at 3J-per cent. .. .. .. .. . • 416 13 4 Development and Property Accounts .. .. .. 111,110 11 2 Loans at 4 per cent. .. .. •• .. •• 78,006 13 4 Electrical plant (James colliery) .. .. .. .. 2,744 15 10 78,423 6 8 Machinery, plant, ropes, and rolling-stock .. .. .. 28,612 5 8 Accrued interest on loan capital .. .. ■■ .. 378 2 9 Buildings at mines .. .. .. ... .. .. 8,154 3 6 Sundry creditors— Cottages at mines .. .. .. .. .. 3,300 13 3 Departmental. Sundry. Plantations at mines .. .. .. . • .. 884 5 8 £ s. d. £ s. d. Coal stocks (bins, wharf, and afloat) .. .. .. .. 1,081 7 0 Liverpool Colliery .. .. 3,277 4 5 14,050 10 3 17,327 14 8 Stores on hand .. .. .. .. .. .. 17,970 4 0 James Colliery .. .. .. .. 4,496 1 8 4,496 1 8 New Mine .. .. .. 469 10 4 469 10 4 173,858 6 1 Wellington Depot .. .. 24 14 7 664 7 11 689 2 6 Less provisionally written off .. .. .. .. 4 3 8 Christchurch Depot .. .. 3,614 14 2 170 9 5 3,785 3 7 173,854 2 5 Wanganui Depot .. .. 1 13 4 718 8 15 0 Plant, equipment, &c., on hire .. .. .. .. .. 487 14 3 Depots— 6,918 6 6 19,858 1 3 26,776 7 9 Property Accounts .. .. .. .. .. .. 8,830 1 11 Deposits on contracts .. .. •• ■■ •• 1,110 0 0 Stocks and stores on hand .. .. .. .. .. 12,666 19 1 Sinking Fund .. .. .. .. .. •• •• 9,181 12 1 Reserves— 21,497 1 0 General Reserve .. .. .. •• 192,378 5 9 Less provisionally written off .. .. .. .. 1,656 15 11 Bad Debts Reserve .......... 986 12 10 19,840 5 1 Accident Insurance Reserve .. .. .. .. 8,191 14 9 Sinking Fund investments .. .. .. .. .. .. 9,181 12 1 ■ — 201,556 13 4 Housing advances to workmen .. .. .. .. 7,243 4 4 General Profit and Loss Account— Interest accrued due .. .. .. .. .. 100 18 1 Net surplus for year .. .. .. .. .. .. .. 5,379 16 4 7,344 2 5 Investments (ordinary) .. .. .. .. .. 42,800 0 0 Interest accrued due .. .. .. .. .. 277 10 7 43,077 10 7 Departmental. Sundry. Sundry debtors— £ s. d. £ s. d. Liverpool Colliery .. .. 1,212 0 0 4,489 18 2 5,701 18 2 James Colliery .. .. .. .. 26 16 6 26 16 6 Mac Donald Colliery .. .. .. 1,038 8 9 1,038 8 9 Wellington Depot .. .. 346 17 4 29,803 14 10 30,150 12 2 Christchurch Depot .. .. 219 13 11 3,176 14 3 3,396 8 2 1,778 11 3 38,535 12 6 40,314 3 9 Less provisionally written off .. .. .. 6 2 3 40,308 1 6 Cash in Receiver-General's Deposit Account .. .. .. .. 1,110 0 0 Cash in Public Account .. .. .. .. .. .. 27,602 10 7 £322,805 18 11 £322,805 18 11 State Coal-mines Office, Wellington, C. 1. A. W. Gyles, A.R.A.N.Z., Accountant. P. C. Webb, Minister of Mines. I hereby certify that the attached Working and Profit and Loss Accounts of Depots and Collieries, General Profit and Loss 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 hereby.— J. H. Fowlee, Controller and Auditor-GeneraL

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