C.—2a

NEW ZEALAND STATE COAL MINES— continued. Balance-sheet as at 31st March, 1939. Liabilities. Assets. Loan capital— £ s. d. £ s. d. Collieries. £s. d. £ s. a. Securities at 3 per cent. .. .. .. .. .. 95,000 0 0 Development and property accounts .. .. .. 187,241 17 2 Securities at 3J per cent. .. .. .. .. .. 416 13 4 Machinery, plant, ropes, and rolling-stock .. .. .. 49,411 7 11 Securities at 4 per cent. .. .. .. .. .. 59,301 13 4 Electric plant (James Colliery) .. .. .. .. 2,291 15 5 154,718 6 8 Buildings at mines .. .. .. .. .. 14,186 15 6 Accrued interest on loan capital .. .. .. .. .. 1,047 13 5 Cottages at mines .. .. .. .. .. 3,620 9 7 Departmental. Sundry. Plantations at mines .. .. .. .. .. 678 11 6 Sundry creditors— £ s. d. £ s. d. Coal stocks (bins, wharf, and afloat) .. .. .. 3,732 8 6 Liverpool Colliery .. .. 3,460 19 8 13,822 8 10 17,283 8 6 Stores on hand .. .. .. .. .. .. 58,862 13 8 James Colliery .. .. .. 621 10 8 2,113 7 2 2,734 17 10 Wellington Depot .. .. 347 5 2 571 0 6 918 5 8 320,025 19 3 Christchurch Depot .. .. 5,353 4 1 246 16 9 5,600 0 10 Less provisionally written off .. .. .. .. 158 1 3 Wanganui Depot.. .. .. .. 6 10 0 6 10 0 319,867 18 0 Strongman Colliery .. .. 131 2 4 1,216 15 11 1,347 18 3 Prospecting on State Coal Reserve .. .. .. .. .. 426 14 3 Plant, equipment, &c., on hire .. .. .. .. .. 706 13 4 9,914 1 11 17,976 19 2 27,891 1 1 DepotsDeposits on contracts .. .. .. .. .. .. 1,110 0 0 Property Accounts .. .. .. .. .. 10,267 15 6 Sinking Fund .. .. .. .. .. .. .. 11,767 3 8 Stocks and stores on hand.. .. .. .. .. 15,472 5 1 Reserves— General Reserve .. .. .. .. .. .. 220, 107 5 5 25,740 0 7 Bad Debts Reserve .. .. .. .. .. 1,240 3 9 Less provisionally written off .. .. .. .. 1,491 9 1 Accident Insurance Reserve .. .. .. .. 8,066 6 4 24,248 11 6 229,413 15 6 Sinking Fund investments .. .. .. .. .. .. 11,767 3 8 General Profit and Loss Account: Net surplus for year .. .. .. .. 1,546 8 3 Housing advances to workmen .. .. .. .. 11,540 7 8 Interest accrued due .. .. .. .. .. 138 19 7 11,679 7 3 Departmental. Sundry. Sundry debtors— £ s. d. £ s. d. Liverpool Colliery .. .. 77 7 8 4,794 17 8 4,872 5 4 James Colliery .. .. .. 24 10 0 12 1 11 36 11 11 Mac Donald Colliery .. .. .. 1,123 14 1 1,123 14 1 Wellington Depot .. .. 1,572 18 8 35,627 9 6 37,200 8 2 Christchurch Depot .. .. 169 14 1 6,187 13 1 6,357 7 2 Strongman Colliery .. .. 11 6 10 468 5 9 479 12 7 1,855 17 3 48,214 2 0 50,069 19 3 Less provisionally written off .. .. .. 7 5 7 50,062 13 8 Cash in Receiver-General's Deposit Account .. .. .. .. .. 1,110 0 0 Cash in Public Account .. .. .. .. .. .. .. 7,625 6 11 £427,494 8 7 £427,494 8 7 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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