B.—l [PT. IV], Sup. TO 1936.

WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1936. Expenditure. £ s. d. Income. Interest for 1935-36 on loans .. .. .. 25,828 5 3 Contribution— £ s. d. £ s. d. Maintenance of works .. .. .. 1,986 18 7 Gold-mining companies .. 1,177 5 9 Gold duty .. .. .. 3,531 17 5 Consolidated Fund .. 1,177 5 9 5,886 8 11 Rents of cottages and royalties from sale of sand 381 15 0 Interest credited for 1934-35 on investments in Public Debt Redemption Fund .. .. 219 0 10 Balance, being deficiency for the year carried down .. .. .. .. .. 21,327 19 1 £27,815 3 10 £27,815 3 10 £ s. d. £ s. d. Accumulated deficiency to 31st March, 1935 .. 242,044 1 11 Balance carried forward .. .. .. 263,372 1 0 Deficiency for 1935-36 .. .. .. 21,327 19 1 £263,372 1 0 £263,372 1 0 Balance-sheet as at 31st March, 1936. Liabilities. £ s. d. Assets. Liability to Public Works Fund .. .. 729,344 4 1 £ s. d. £ s. d. Liability to Consolidated Fund for Stopbanks, drainage, canals, floodunrecouped expenditure— £ s. d. gates, &c. .. .. .. 727,353 14 1 Interest on loans .. .. 308,496 211 Stores and tools on hand .. 1,723 19 10 Sinking Fund —Loans .. 1,612 10 8 Buildings and accommodation .. 227 7 6 Maintenance of completed works 12,917 2 1 Plant .. .. .. 300 0 0 Pontoons .. .. .. 721 10 0 323,025 15 8 Maintenance during construction.. 3,820 8 4 Less contributions received to- 734,146 19 9 wards interest, maintenance, Advance to Waihi Borough, Finance &c. .. .. •• 22,263 4 3 Act, 1923, section 10 .. .. .. 1,997 7 9 300,762 11 5 Debtors for contribution towards Sinking Fund reserves .. .. .. 4,916110 interest, sinking fund, and maintenance — Gold-mining companies .. 1,179 5 9 Gold duty .. .. .. 25,842 12 10 Consolidated Fund .. .. 1,177 5 9 28,199 4 4 Investments, Public Debt Redemption Fund— Loans .. .. .. .. .. 7,307 13 8 Income and Expenditure Account — Accumulated deficiency on interest, sinking fund, and maintenance charges to 31st March, 1936 263,372 I 0 £1,035,023 6 6 £1,035,023 6 6 T. A. Barrow, A.R.A.N.Z., Accountant, Public Works Department, Wellington. 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. The following comment is appended : The deficiency in contributions towards expenditure has not been met by levying a rate as required by section 17, subsection 4 (d), Waihou and Ohinemuri Rivers Improvement Act,. 1910. —J. H. Fowler, Deputy Controller and Auditor-General.

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