B.—l [Pt. IV]

NEW ZEALAND STATE COAL-MINES —continued. Balance-sheet as at 31st Maech, 1940. Liabilities. Assets. Loan capital— £ s. d. £ s. d. Collieries • Securities at 3 per cent 116,286 13 4 Development and Property Accounts 197,704 8 11 Securities at 4 per cent. .. .. .. .. .. 51,666 13 4 Machinery, plant, ropes, and rolling-stock .. •• I Q 167,953 6 8 Electric plant (James Colliery) .. .. •• •• i,9bb Id 9 Accrued interest on loan capital .. .. .. .. .. 1,340 19 8 Buildings at mines .. .. •• •• •• 9 , Departmental. Sundry. Cottages at mines .. .. • • • - • • > -J Sundry creditors— £ s. d. £ s. d. Plantations at mines .. .. • • • • • • Liverpool Colliery .. ..2,032 11 6 15,231 12 5 17,264 3 11 Coal stocks (bins, wharf, and afloat) .. .. .. '9/ i lu James Colliery .. .. .. .. 210 16 1 210 16 1 Stores on hand .. .. .. • • • • • • 18 Strongman Colliery .. .. .. 966 7 3 966 7 3 , Wellington Depot .. .. 83 18 10 986 19 3 1,070 18 1 a 9 Christchurch Depot .. .. 902 4 7 648 2 3 1,550 610 Less provisionally written off .. .. .. .. 01 u 334 072 12 11 Wanganui Depot.. ...... 11001 10 0 ' -<•> , - M Prospecting on State Coal Reserve .. .. .. • • • • 74d 15 U 3,018 14 11 18,045 7 3 21,064 2 2 Plant, equipment, &c., on hire ~ .. •• •• •• * Deposits on contracts .. .. .. .. .. • • 1 > 090 0 0 Depots— Sinking Fund .. .. .. .. .. .. •• 5,502 3 8 Property Accounts .. .. .. •• 10,096 17 i 0 Reserves Stocks and stores on hand .. .. •• •• 1d,4U0 0 1 General Reserve .. .. .. .. .. •• 233,418 13 8 Bad Debts Reserve .. .. .. .. .. 1,480 0 0 o'a™ ,s k Accident Insurance Reserve .. .. .. .. 9,648 8 3 Less provisionally written off .. .. .. •• > 244,547 1 11 "" o o General Profit and Loss Account: Net surplus for year .. .. ■■ 9,340 1 4 Sinking Fund investments .. .. •• •• •• •• Housing advances to workmen .. .. .. •• 15,4d7 11 1 Interest accrued due .. .. .. •• 180 12 9 15,618 3 10 Departmental. Sundry. Sundrv debtors— £ s. d. £ s. d. Liverpool Colliery .. .. 12 2 0 4,381 17 6 4,393 19 6 James Colliery .. .. .. •• 21 11 7 21 11 7 Strongman Colliery .. .. 67 4 4 963 17 4 1,031 1 8 Mac Donald Colliery .. .. • • 871 12 1 871 12 1 Wellington Depot .. • • 53 13 1 41,140 16 2 41,194 9 3 Christchurch Depot .. •• 872 12 2 4,822 13 7 5,695 5 9 1,005 11 7 52,202 8 3 53,207 19 10 Less provisionally written off .. .. .. • • 104 6 0 F 53,103 13 10 Cash in Receiver-General's Deposit Account .. .. .. .. 1 > 090 0 0 Cash in Public Account .. .. •• •• •• 18,774 10 6 Imprests outstanding .. . • • • • • • • 144 7 1 £450,837 15 5 £450,837 15 5

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. Cyril G. Collins, Controllei and Auditor-General.

State Coal-mines Office, Wellington, C. 1. . H. H. Gibson, for Accountant. P - C. Webb, Minister of Mines.

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