C.—2a

NEW ZEALAND STATE COAL-MINES— continued. Balance-sheet as at 31st March, 1938. Liabilities. A'sisets. Loan capital— £ s. d. £ s. d. Collieries. £s. d. £ s. d. Securities at 3J per cent. .. .. .. .. .. 416 13 4 Development and property accounts .. .. .. 143,665 18 3 Securities at 4 per cent. .. .. .. .. .. 68,826 13 4 Machinery, plant, ropes, and rolling-stock .. .. .. 41,194 3 4 69,243 6 8 Electrical plant (James Colliery) .. .. .. .. 2,626 15 2 Accrued interest on loan capital .. .. .. .. .. 362 0 10 Buildings at mines .. .. .. .. .. •• 9,572 14- 5 Cottages at mines .. .. .. .. .. 3,062 0 3 Departmental. Sundry. Plantations at mines .. .. .. .. .. 884 5 8 Sundry creditors— £ s. d. £ s. d. Coal stocks (bins, wharf, and afloat) .. .. .. .. 4,034 4 2 Liverpool Colliery .. .. 3,853 10 4 11,857 11 6 15,711 1 10 Stores oil hand .. .. .. .. .. .. 18,187 18 3 James Colliery .. .. .. 524 0 2 524 0 2 Wellington Depot .. .. 11 6 0 532 4 0 543 10 0 223,227 19 6 Christehurch Depot .. 4,030 1 1 345 6 9 4,375 7 10 Less provisionally written off .. .. ... .. 176 0 4 Wangknui Depot .. .. 1 13 4 4 16 8 6 10 0 223,051 19 2 New Mine .. .. .. 795 17 1 795 17 1 Plant, equipment, &c., on hire .. .. .. .. . - 316 11 1 Mac Donald Colliery .. 56 14 8 .. 56 14 8 Depots— Property Accounts .. .. .. .. .. .. 9,385 1 6 7,953 5 5 14,059 16 2 22,013 1 7 Stocks and stores on hand .. .. .. .. .. 15,923 11 9 Deposits on contracts .. .. .. .. .. .. 1,110 0 0 Sinking Fund .. .. .. .. .. .. .. 9,525 10 0 25,308 13 3 Reserves— Less provisionally written off .. .. .. 1,890 3 2 General Reserve .. .. .. .. .. .. 206,938 2 1 23,418 10 1 Bad Debts Reserve .. .. .. .. .. 904 13 6 Sinking Fund investments .. .. .\ .. .. .. 9,525 10 0 Accident Insurance Reserve .. .. .. .. .. 7,710 16 10 Housing advances to workmen .. .. .. .. 7,399 4 10 215,553 12 5 Interest accrued due .. .. .. .. .. 89 15 7 General Profit and Lbss Account— 7,489 0 5 Net surplus for year .. .. .. . .. .. 3,644 3 4 Interest accrued due on investments .. .. .. .. .. 31 8 8 Departmental. Sundry. Sundry debtors— £ s. d. £ s. d. Liverpool Colliery .. .. 1,902 17 6 4,411 6 5 6,314 3 11 James Colliery .. .. .. 10 0 10 1 18 9 11 19 7 Mac Donald Colliery .. .. .. 814 4 1 814 4 1 Wellington Depot" .. .. 403 16 2 34,430 13 1 34,834 9 3 Christchurch Depot .. .. 168 14 1 2,522 10 6 2,691 4 7 2,485 8 7 42,180 12 10 44,666 1 5 Less provisionally written off .. .. .. .. 113112 44,552 10 3 Cash in Receiver-General's Deposit Account .. .. .. .. .. 1,110 0 0 Cash in Public Account .. .. .. . • •. ■ • ..11, 956 5 2 £321,451 14 10 £321,451 14 10 State Coal-mines Office, Wellington, C. 1. C. H. Benney, 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 thereby— J. H. Fowler, Controller and Auditor- General.

2—C. 2A

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