B.—l [PT. IV], SUP. TO 1936.

STATE FOREST SERVICE —continued. STATE FORESTS ACCOUNT —continued. Balance-sheet as at 31st March, 1936. Liabilities. £ s. d. Assets. £ s. d. Capital Account .. .. .. .. 35,669,031 14 8 Land .. .. .. .. .. 1,115,036 12 2 Loans— Standing forests .. .. .. .. 34,028,189 15 2 Debentures and stock issued — Forest improvements— £ s. d. Bate of Interest Amount of Demarcation .. .. 2,330 5 6 Percent. Loan. Roads, tracks, &c. .. 10,498 0 2 0 0 ,„ 5 0 „ S ō s " Protection improvements.. 206 12 1 6 a o iq Aoj. 17 q of 125'000 0 0 Departmental property: Ina i oka 'a in a a digenous forests — 1 ' n n Buil W •• 6,745 8 3 ?f a a Field equipment .. 1,596 0 6 « ~ Office equipment .. 1,879 11 9 b , noo aoa , Motor-vehicles .. .. 1,520 1 6 ~ ~ ~ ~ J ° 1 Telephone-lines.. .. 246 910 Advances from Consoli- Fire-fighting equipment .. 97 9 10 dated Fund: 4 per cent. 87,405 3 4 Photographic equipment .. 48 17 4 c , , Z,0Z0,44i 19 0 Reference library .. 1,113 810 Sundry creditors- Poregt ecol equipment 2 5 14 9 Consolidated Fund- Porest ento^ / e j Jbor loans redeemed on , 0,7 104. 7 fi conversion .. 133,759 1 7 SilTcultural management For interest paid .. 2 1,151 14 0 studies equipment .. 19 910 For interest accrued .. 19,244 9 5 Timber-testing equipment 607 6 0 lor National-endow- Forest atlas .. 1,580 12 0 ment revenue .. 14,934 1 7 Saleable pubhcations .. 297 16 8 Lands Department- Miscellaneous .. .. 86 14 1 Haurakia btate .b orest: , K 0 o n In " ■; ■ 3 ' 202 5 9 Sundry debtorsOn open accounts- „00,01, : Departmental .. .. 286 1 7 Departmental .. 499 19 1 Sundry .. .. 127,188 14 11 Sundry .. 10,121 3 10 J 127 474 16 6 qqo qio ia i iw u x> n it> ' Nurseries and plantations— Reserves: General Reserve- Nurseries .. .. 22,824 17 4 Indigenous forests .. 544,246 18 8 Plantations .. ..3,787,124 17 8 Afforestation .. .. 518,134 18 8 Administration expenses T . ~,.t „ , , , 1,00i,d5l 4 not yet allocated .. 7,748 19 11 Liability for amounts held 3,817,698 14 11 t « j" j -1* ' Experimental and research works .. .. 2,464 0 6 Liability for fixed deposits Tree-seed in stock 790 5 2 on contracts .. .. 1,750 0 0 Deposit Account- £ s. d. m -j-- « ■ a 1n „ Receiver-General's .. 2,242 7 9 Wntmgs-ofi m Suspense 1,939 19 0 other (Forest Clerks') .. 1,367 16 2 Fixed deposits on contracts 1,750 0 0 5,360 3 11 Cash in Public Account .. .. .. 14,565 6 8 Premium on loan conversion .. .. 7,353 10 0 Charges and expenses of converting loan .. 7,191 0 0 Assets in Suspense .. .. .. 1,939 19 0 £39,157,068 10 5 £39,157,068 10 5 Notes. —(1) Lands and standing forests other than areas purchased have been valued as follows : Prairie value, ss. per acre ; protection, £1 per acre; merchantable forest, £10 per acre; accretions during the year have been brought into the accounts at the prairie value of ss. per acre. (2) Plantations have been valued at cost plus compound interest, less returns compounded. (3) The liability, for advances from the Consolidated Fund is fixed by section 21 of the Finance Act, 1926, and section 3 of the Finance Act, 1927, at £104,250. £87,405 3s. 4d. only is shown as a liability of this account, £16,844 16s. Bd. representing the expenditure on sand-dune reclamation having been transferred without statutory authority to the Crown Lands Account. A. D. McGavock, Director of Forestry. W. Riach, A.R.A.N.Z., 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 departmental notes enfaced thereon, and to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —J. H. Fowleb, Deputy Controller and Auditor-General.

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