C.—2 a

NEW ZEALAND STATE COAL-MINES—continued. Table showing the Position of the State Coal-mines Account from Inception to 31st March, 1938.

13

Tntoi ranitfti Total Amount of Assets as per Liabilities as per Namo of WorKs. i Depreciation Balance-sheet, 81st I Net Profits. Net Losses. Balance-sheet. Expenditure. written off. March, 1938. 31st March, 1938. I , ' 1 'i I. I £ s. d. £ s. d. £ s>. d. £ s. d. £ s. d. £ s. d. Point Elizabeth Colliery .. 98,210 9 0 Less sales and loss by fire .. 2,291 6 11 95,919 2 1 95,919 2 1; .. 147,583 4 11 Liverpool Colliery .. .. 330,319 9 4 Less sales, transfers, and loss 9,094 10 9 bv tire 321,224 18 7 253,710 10 6 67,514 8 1 53,65113 5 .. 15,711 110 Seddonville Colliery .. 38,243 2 5 Less sales .. .. 548 17 0 j 37,694 5 5 37,694 5 5 .. .. 36,981 10 5 Briquette-works property .. 16,135 2 6 Less sales of plant .. 2,066 5-0 14,068 17 6 ! 14,068 17 6 .. .. 22,660 18 10 1 ; ! Prospecting on State Coal 11,174 12 0 Reserve Less transfers .. .. 10,785 8 0 I j | S 389 4 0 389 4 0 I Plant, buildings, &c., on hire : 6,863 16 3 Less sales, transfers, &e. .. ! 3,548 5 2 : 3,315 11 1 2,999 0 0 316 11 1 279 13 7 Charming Creek prospecting .. i 5,956 18 6 5,956 18 6 .. .. 5,545 1 11 James Colliery .. .. 73,766 14 3 Less sales, transfers, &e. .. ! 2,589 0 5 I i—i 71,177 13 10 ! 63,487 17 2 7,689 16 8 .. 12,420 14 4 524 0 2 Development of new mine— 78,355 9 4 .. 78,355 9 4 .. .. 795 17 1 Nine-mile Area MacDonald Colliery .. 93,600 4 11 ! Less recoveries .. .. 693 10 2 92,906 14 9 45,586 0 9* 47,320 14 0 . 32,144 15 4* 56 14 8 Wellington Depot property .. 20,060 12 8 Less sales and transfers .. 872 0 2 | 19,188 12 6 ; 12,895 19 6 6,292 13 0 .. 690 0 7 543 10 0 Christehurch Depot property 14,701 11 4 Less sales and loss on horses 344 13 7 14,356 17 9 11,448 8 3 ! 2,908 9 6 17,081 3 3 .. 4,375 7 10 Wanganui Depot property .. 3,735 13 0 Less sales and loss on horses 308 18 11 3,426 14 1 3,322 8 2 104 5 11 .. 2,228 7 11 6 10 0 Dunedin Depot property .. 2,023 3 7 Less sale of plant .. 641 10 0 1,381 13 7 1,381 13 7; * .. 4,248 3 5 Hulks property .. .. 4,033 15 5 Less sales .. .. 1,948 17 0 2,084 18 5 | 2,084 18 5 1,786 12 11 Office furniture .. .. 189 13 9 Less sales .. .. 17 5 0 172 8 9 172 8 9 172 8 9 Grand total .. 797,370 8 3 Less losses, sales, 35,750 8 1 transfers, &c. < — ; £761,620 0 2 £551,117 12 7 £210,502 7 7 Carried forward . .. • • 210,502 7 7 220,382 8 1 117,092 1 6 22,013 1 7 * Includes interest (£30,285 19s. lOd.) capitalized from date of purchase to date lease was granted—now written off.