B.—l [PT. IV],

WESTPORT HARBOUR. Income and Expenditure Account fob the Year ended 31st March, 1937. Expenditure. £ s. d. Income. £ s. d. Dredging .. .. .. .. .. 8,161 11 10 Special coal rate .. .. .. .. 17,275 7 0 Harbour-maintenance .. .. .. 3,695 0 1 Endowment revenue .. .. .. .. 12,059 7 5 Cape Foulwind Railway: Maintenance .. .. 556 4 0 Port dues .. .. .. .. .. 3,800 15 0 Working-expenses of tug and launch . . .. 379 16 1 Sale of surplus stores .. .. .. .. 31 4 3 Harbour lights : Conversion to electricity .. 131 16 7 Hire of plant .. .. .. .. 187 13 1 Office administration (local) .. .. .. 1,108 10 5 Rent .. .. .. .. .. 64 13 0 Endowments : Administration expenses .. 343 19 0 Subsidy from Employment Promotion Fund .. 806 9' 10 Audit fees .. .. .. .. .. 39 16 6 Supervision of explosives magazine . . .. 75 1 6 Telephone services .. .. .. .. 63 9 9 Balance carried down .. .. .. 1,014 11 4 Compensation for accidents .. .. .. 204 9 2 Travelling-expenses .. .. . . .. 1117 Head Office administration .. .. .. 500 0 0 Depreciation— £ s. d. Buildings .. .. .. 138 11 5 Dredge wharf, &c. .. .. 136 18 5 Dredges, launches, &c. .. 2,261 11 3 2,537 1 1 Interest on loans .. .. .. .. 17,591 16 4 £35,315 2 5 £35,315 2 5 £ s. d. £ s. d. Balance brought down .. .. .. 1,014 11 4 Transfer from General Reserve.. .. .. 7,484 11 6 Transfer to Sinking Fund .. .. .. 6,470 0 2 £7,484 11 6 £7,484 11 6 Note. —No charge for the cost of exchange on payments made in London is included in the account. Balance-sheet as at 31st March, 1937. Liabilities. Assets. Loan capital— £ s. d. Endowment lands — £ s. d. £ s. d. New Zealand Loans Act, 1932 — Leased .. .. .. 36,980 8 2 3-per-cent. stock .. .. .. 237,558 16 6 Unleased .. .. .. 22,144 1 0 4-per-cent. debentures .. .. .. 6,411 15 3 59,124 9 2 5-per-cent. debentures .. .. .. 117,352 18 10 Breakwaters .. .. .. .. 344,332 15 3 Westport Harbour Act, 1920: 5-per-cent. de- Training-walls .. .. .. 102,998 0 0 bentures .. .. .. .. 8,250 19 6 Protective works and relief channel .. .. 17,384 9 0 Limestone quarry .. .. .. .. 128 0 0 369,574 10 1 Gridiron .. .. .. .. .. 1,493 5 5 Finance Act, 1932, section 16 .. .. 92,421 14 3 Dredge wharf .. .. .. .. 1,302 0 0 Martin's Island .. .. .. .. 700 0 0 461,996 4 4 Harbour buildings .. .. .. .. 2,401 17 5 Endowment capital .. .. .. 59,124 9 2 Dredges, tug " Mana," plant, cfcc. .. .. 16,639 15 4 Sinking Fund Reserve .. .. .. 193,166 4 5 Cape Foulwind Railway .. .. .. 8,250 19 6 General Reserve .. .. .. .. 8,482 12 3 Office furniture and fittings .. .. .. 10 7 10 Writing-off, Reserve Account .. .. 2 7 9 Stock and stores .. .. .. .. 5,302 0 5 Payments in advance .. .. .. 450 15 2 Survey costs, Suspense Account .. .. 89 14 9 Survey charges: Endowment lands .. .. 89 14 9 Debtors — £ s. d. Creditors— £ s. d. Accrued revenue .. .. 5,271 2 6 Accrued interest .. .. 1,132 18 3 Departmental .. .. 276 19 3 Departmental .. .. 234 5 6 Sundry .. .. .. 1,787 1 5 Sundry .. .. 313 6 7 " 7,335 3 2 1,680 10 4 Sinking Fund investments .. .. .. 193,166 4 5 Treasury Adjustment Account .. .. 35,668 11 3 Writings-off, Suspense Account .. .. 2 7 9 £760,661 9 5 £760,661 9 5 L. B. Campbell, Secretary. William C. Smith, 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Part IV]. —J. H. Fowler, Controller and AuditorGeneral, 15— B. 1 [PT. IV].

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