B.—l [PT. IV],

DEPARTMENT OP LABOUR —continued. IMMIGRATION. Income and Expenditure Account foe the Year ended 31st March, 1939. Expenditure. Income. £ s. d. £ s. d. Recoveries on account of expenditure of previous Passage-money for immigration . • 346 10 0 years: New Zealand Government contributions £ s. d. Less contributions by—- £ s. d. towards passage-money .. .. .. 58 7 8 Immigrants .. .. 33 0 0 Excess of expenditure over income after charging Imperial Government .. 156 15 0 interest .. .. .. .. •• 133,205 17 11 ———— 189 15 0 156 15 0 Refunds passage-money deposited previous years 133 10 0 Loans for passage-money written off . . .. 66 5 3 Increased provision for doubtful debts .. .. 98 5 1 Interest on capital .. .. 132,697 7 3 Excess income on account of Public Works Pund National Development Account .. .. 58 7 8 Pares to immigrant artisans in New Zealand .. 47 9 10 Grants, accommodation, and initial expenses .. 6 5 6 £133,264 5 7 £133,264 5 7 Balance-sheet op Labour Department (Immigration) as at 31st March, 1939. Liabilities. Assets. Capital Account Public Works £ s. d. £ s. d. £ s. d. Pund, 31st March, 1938 ■ 3,317,487 17 6 Loans for passage-money to immigrants .. 201 14 5 Less recoveries on account of Sundry debtors: Immigrant artisans . . .. 2,334 5 0 expenditure of previous Administration Account .. .. .. 133,205 17 11 years, 1938-39 . . 107 13 I £ s. d. ——-— 3,317,380 4 5 National Development Account 3,318,782 4 4 Deposits— Less excess income, 1938-39 58 7 8 Passage-money .. .. 47 0 0 3,318,723 16 8 Miscellaneous .. .. 10 0 0 57 0 0 Imperial Government — Loans to immigrants recovered but not paid .. 24 14 2 Contributions on passage - money recovered but not paid .. .. . • 38 15 4 63 9 6 Less proportion passagemoney owing . • 16 10 0 46 19 6 Passage-money an d other charges owing for immigrant artisans— Departmental . . . . 834 410 Ordinary .. .. 1,557 .10 0 — 2,391 14 10 Reserve : Bad debts .. .. .. 200 0 0 Treasury Adjustment Account .. .. 134,389 15 3 £3,454,465 14 0 £3,454,465 14 0 Henry E. Moston, Secretary. 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —J. H. Eowler, Controller and Auditor-General.

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