D.—l,

TABLE 5.—MAIN HIGHWAYS ACCOUNT— continued. General Balance-sheet as at 31st March, 1939.

Notes.—(a) No liability is included for interest on loans redeemed out of Public Debt Repayment Account. (6) The two funds, previously known as "Construction" and "Revenue," were amalgamated as from Ist April, 1936, and are now termed the "Main Highways Account," in accordance with section 3, Finance Act (No. 2), 1935. J. W. Scott, A.R.A.N.Z., Chief Accountant, Public Works Department. J. Wood Chairman, Main Highways Board. I hereby certify that the Income and Expenditure 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, subject to the departmental notes enfaced thereon.— J. H. Fowler, Controller and Auditor-General.

154

LIABILITIES. Total. ASSETS. Total. £ s. d. £ s. d. Cash in Public Account — £ s. d. £ s. d. Excess of income over expenditure for 1938-39 .. .. .. .. 312,131 8 3 At call .. .. .. .. .. .. .. .. 164,788 6 0 Add Balance at 31/3/38 .. .. .. .. .. .. 321,189 12 11 Sundry debtors — 633,321 1 2 Public Works Department .. .. .. .. .. 12,351 10 11 Sundry creditors — Other Government Departments .. .. .. .. .. 2,353 1 11 Public Works Department .. .. .. .. .. 47,295 13 1 Non-departmental .. .. .. .. .. .. 7,876 5 6 Other Government Departments .. .. .. .. .. 8,944 4 3 22,580 18 4 Non-departmental .. .. .. .. .. .. 342,278 5 4 Advances to local authorities (Main Highways Amendment Act, 1926, 398,518 2 8 section 2) .. .. .. .. .. .. .. .. 106,461 2 1 Interest accrued on loans .. .. .. .. .. 47,189 1 11 Motor-registration fees in hands of Postal Department .. .. .. .. 464 10 8 Reserves for redemption of securities .. . .. .. .. 1,558 10 7 Interest due and accrued .. .. .. .. .. .. .. 2,979 11 4 Writings-off in Suspense .. .. .. .. .. .. 2,223 2 10 Buildings and land .. .. .. .. .. .. .. 42,709 0 0 Stocks of materials, tools, &c. .. .. .. .. .. .. 242,610 7 3 || Furniture, fittings, &c. — Expenditure to 31/3/39 .. .. .. .. .. .. 917 13 10 Less depreciation to 31/3/39 .. .. .. .. .. 550 14 5 366 19 5 j Plant and equipment — For Main Highways Board — Expenditure to 31/3/39 .. .. .. .. .. 542,390 8 5 Less depreciation charged to works .. .. .. 113,380 10 9 429,009 17 8 Purchased for local authorities — Expenditure to 31/3/39 .. .. .. .. .. 288,841 IS 7 Less repayments of principal .. .. .. .. .. 221,784 5 7 67,057 13 0 j Amount transferred to Loans Redemption Account .. .. .. 904,203 10 7 Less amount utilized for redemption of securities .. .. .. 902,645 0 0 1,558 10 7 j! Stocks Deficits Account .. .. .. .. .. .. .. 2,223 2 10 1,082,809 19 2 jl,082, 809 19 2