8.—6,

Table No. 17. State Balance-sheet as at 31st March, 1936. Liabilities. Assets. Capital— £ s. d. Land and buildings, including Crown, settlement, and £ s. d. Public debt* .. .. .. 285,461,097 19 9 endowment land, departmental land and buildings 40,660,489 8 8 Rural Advances bonds .. .. 4,213,050 0 0 State forests, nurseries, and plantations .. .. 38,976,424 0 6 Employment Promotion Fund .. 455,100 5 4 Railways, including permanent-way and works, Public Debt Redemption Fund .. 17,225,644 10 6 rolling-stock, and unopened lines .. .. 59,483,494 11 5 Creditors— Telegraphs, telephones, and wireless systems .. 11,198,102 9 7 Sundry .. .. .. .. 2,730,392 18 1 Electrical schemes .. .. .. .. 13,249,117 9 2 Interest on debentures and stock due Drainage and irrigation schemes .. .. 4,389,963 0 3 and unpaid* .. .. .. 19,910 10 0 Collieries, sawmills, quarries, &c. .. .. 408,864 6 5 Interest on public debt accrued but Armament and military stores, aviation equipment 2,771,459 9 6 not due* .. .. .. 2,280,729 3 7 Oyster-beds, fish-hatcheries, equipment, &c. .. 122,708 19 2 Wages and other payments accrued 55,478 7 5 Wharves, bridges, harbour-works, lighthouses, &c... 718,824 19 0 Payments in advance, &e. .. .. 443,165 0 1 Plant, material, and furniture .. .. .. 2,964,902 11 2 Reserves — Libraries, books, museum exhibits, stationery, General .. .. .. 4,102,075 12 11 stamps, &c. .. .. .. .. 222,445 16 11 Sinking fund and reserves for loan- Live and dead stock, farm crops, &c. .. .. 406,449 7 1 redemption .. .. .. 3,291,129 1 6 Government steamers, launches, motor-cars, &c. .. 462,156 0 9 Depreciation .. .. .. 6,723,957 10 4 Advances on loan or mortgage .. .. .. 15,649,595 5 0 Fire, accident, and marine insurance, Debtors — bad debts, &c. .. .. 1,014,496 9 5 Sundry .. .. .. .. .. 2,472,602 6 8 Amount held on deposit .. .. 594,208 911 Unpaid purchase-price of land and buildings, and Suspense .. .. .. .. 209,234 16 6 interest thereon .. .. .. .. 2,080,200 7 3 Post Office investment and war-loan Postponed rents, &c. .. .. .. 316,974 9 9 certificates .. .. .. 897,590 8 0 Interest and rent, due and unpaid, and due and Miscellaneous liabilities .. .. 74,742 16 6 accrued .. .. .. .. .. 1,424,126 5 4 Excess of assets over liabilities .. 60,958,217 10 3 Special investments — Nauru phosphate rights .. .. .. 565,040 0 0 Bank of New Zealand shares .. .. .. 2,109,375 0 0 Reserve Bank of New Zealand .. .. 1,000,000 0 0 Public Trust Office (Public Debt Redemption Fund, &c.) .. .. .. .. 7,966,688 11 2 Crown interest in State Advances Corporation .. 41,617,964 17 1 Special assets of various accounts — Native land schemes, &c. .. .. .. 1,020,105 7 7 Unallocated loan charges .. •• •• 655,788 5 3 Payments in advance .. .. .. .. 297,196 12 3 Properties acquired by Crown and properties in course of realization .. .. .. .. 1,045,612 22 Investments — Reserve Fund .. .. .. .. 324,653 14 0 Sinking funds .. .. .. •• 1,121,197 9 8 Miscellaneous, including investment of Treasury' accounts .. .. .. •• 6,521,473 12 5 National Development Account — Expenditure on— £ s. d. Main highways, roads, &c. 30,861,589 4 1 Development of mining .. 867,467 15 11 Education, &c. .. .. 8,467,610 18 3 Immigration .. .. 3,318,944 0 9 Harbour-works .. .. 1,045,668 15 1 Land-development .. 840,061 0 3 Cost of raising loans .. 295,978 11 7 45,697,320 5 11 Other loan expenditure— War expenditure .. .. 67,863,693 3 6 Naval defence .. . . 1,389,656 I 5 Local bodies .. .. 3,037,229 19 2 Maori-land settlement . . 247,145 0 0 Miscellaneous .. .. 4,599,386 0 3 77,137,110 4 4 Cash — Public Account .. .. 3,812,109 7 2 Receiver-General .. .. 133,442 18 3 State Advances Office Account 736,009 11 0 Post Office or Post Office Savings-bank .. .. 682,467 11 5 Deposit accounts .. .. 66,757 18 3 In hand and in transit .. 34,608 13 0 Deposit with Bank of International Settlements .. 36,023 0 0 Public Trust Office .. 185,819 12 3 5,687,238 11 4 Miscellaneous assets .. .. .. 4,555 13 4 £390,750,221 10 1 £390,750,221 10 1 * See Note (2) below. Notes. —(1) To account for the whole public debt, loan expenditure on war and other purposes not represented by tangible assets has been included under the heading " Other Loan Expenditure." Interest is received in respect of portion of the local bodies' loan expenditure. (2) Of the amount shown as public debt, £1,801,417 10s. Id. is held by investment accounts within the Public Account. Interest accrued and interest due and unpaid in respect of this sum is also shown in both sides of the Balance-sheet. (3) Contingent liabilities : — Subsidies (not including accumulated interest) short paid to— £ s. d. Teachers' Superannuation Fund .. .. . . .. . . 1,565,284 0 0 Public Service Superannuation Fund .. .. .. .. 2,678,167 0 0 4,243,451 0 0 Excess of subsidies recommended by Actuary over subsidies paid : Railway Superannuation Fund .. .. .. .. 1,580,800 0 0 5,824,251 0 0 Local authorities, loans guaranteed by the Govern- £ s. d. ment .. .. .. .. .. .. 2,704,575 0 0 Less accumulated sinking funds .. .. .. 898,700 5 7 1,805,874 14 5 £7,630,125 14 5

XV