Price 6d. j

C.—-2A

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

Approximate Cost of Paper.—Preparation, not given ; printing 530 (Copies), £22 10s

Authority: E. V. Paul, Government Printer, Wellington. —1938.

14

Tnt.nl rnnital Total Amount of Assets as per I Liabilities as per Name of Works. t?. JjiV,;.,, Depreciation Balance-sheet, Net Profits. Net Losses. Balance-she 4 lixpenditurc. written off. 31st March, 193s. . 31st March, 1<*< 8. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Brought forward .. •• 210,502 7 7 220,382 8 1 117,002 1 6 22,013 1 7 Royalties (from 1st April, 1928, ' ■■ •• •• 45,290 2 7 only) Interest on investments .. •• •• •• 79,563 3 7* Discounts .. .. . . [ • • • • • • 13 .2 9 Cash lost (highway robbery) .. j ■ . • ■ • • • ■ 89 0 1 Transfer to Accident Insurance i .. • • i ■ • • • 2,960 0 0 Reserve Refund — Mines Department, .. •• j •• •• 5,000 0 0 1932-33 (administrative expenses incurred in previous years) Total, profit and loss .. •• •• •• 345,248 17 0 125,141 1 7 Balance—Profits over losses .. .. . • •• 220,107 15 5 £345,248 17 0 £345,248 17 0 ~ ' r " Stocks on hand less provision- .. .. 36,284 12 9 ally written off Interest on investments accrued j •• •• j 3188 Sinking Fund investments .. •• •• | 9,525 10 0 Sundry debtors . . . ■ • • ■ ■ 44,552 10 3 Cash in Public Account .. •• •• j 11,956 5 2 Cash in Receiver-General's De- .. •• 1,110 0 0 posit Account Housing advances to workmen . • .. j 7,489 0 5 and accrued interest Loan Account .. . . • • f .. .. .. .. 69,243 6 8 Bad-debts Reserve . . . . • • • ■ • • • • ■ • 13 6 Accrued interest payable .. . • • • • ■ • • • • 362 0 10 Sinking Fund .. .. ■■ 9,525 10 0 .. 9,525 10 0 General Reserve . . . ■ • • ■ ■ ■ • 206,938 2 1 .. 206,938 2 1 General Profit and Loss Account .. • • • • 3,644 3 4 . . 3,644 3 4 Deposits on contracts .. .. i •• 1,110 0 0 Accident Insurance Reserve .. •• •• , •• 7,710 16 10 £321,461 14 10 £220,107 15 5 £321,451 14 10 I , _ ----- * Includes interest on sinking fund investments.