B. —1 [PT. TV], SUP. TO 1939.

EMPLOYMENT PROMOTION FUND. Income and Expenditure Account for the Year ended 31st March, 1939. Expenditure. Income. £ s. d. Administration expenses: Con- £ s. d. £ s. d. Registration levy .. .. .. .. 471,615 17 1 tribution to— Employment chargeVote " Labour," Subdiv. 11l 240,000 0 0 Tax on salary or wages paid £ s. d. Vote" Land and Income Tax" 60,000 0 0 in cash .. .. 1,868,777 0 3 300,000 0 0 Tax on salary or wages paid General work relief .. .. .. 113,612 13 2 by sale of employment Gold-prospecting schemes .. .. .. 52,288 15 0 stamps .. .. 1,529,818 12 2 Promotion of— Employment on farms .. .. .. 51,837 16 8 3,398,596 1 5 Employment in building trades .. .. 20,762 3 8 Tax on income other than Full-time employment .. .. .. 4,575,862 610 salary or wages .. 1,747,1.33 3 2 Employment amongst boys .. •• 1,882 1 0 5,145,729 4 7 Employment amongst women . ■ • • 7, 686 8 6 Fines .. .. .. .. .. 2,06793 Grants to Native Department for relief of unera- Penalties for late payment of levy .. .. 28,284 6 0 ployment amongst Maoris .. .. 415,006 17 9 £ s. d. Assistance to industry .. .. .. 96,429 12 0 Interest on loans .. .. 1,917 1 10 Sustenance allowances .. .. .. 666,719 14 4 Interest on investments .. 18,226 3 9 Miscellaneous grants and subsidies .. .. 3,602 4 8 — 20,143 5 7 Compensation, ex gratia payments, &c. .. 5,151 510 Miscellaneous .. .. .. .. 284 17 5 Purchase of food, clothing, &c. .. .. 2,795 4 1 Excess of expenditure over income .. .. 753,759 17 11 Bonuses to workers .. .. .. 32,405 12 10 Transport of workers .. .. .. 5,957 19 5 Losses in Suspense .. .. .. 68,62523 Depreciation .. .. . • • • 758 19 10 Bad debts Reserve .. .. .. 500 0 0 £6,421,884 17 10 £6,421,884 17 10 Balance-sheet as at 31st March, 1939. Liabilities. Assets. Creditors — £ s. d. £ s. d. Debtors— £ s. d. £ s. d. Sundry .. .. .. 160,994 16 11 Sundry .. .. .. 22,042 10 11 Departmental .. .. 725 0 9 Departmental .. .. 7,978 11 9 161,719 17 8 30,021 2 8 Registration levies paid in advance .. .. 4,909 0 0 Registration levies due and unpaid .. .. 26,670 0 0 Employment charge paid in advance .. .. 3,218 4 5 Employment charge due and unpaid .. .. 181,956 13 5 Refunds due and unpaid .. .. .. 77 9 3 Interest due and unpaid .. . . . . 568 4 2 Writings off, Reserve .. . . .. .. 76,738 2 3 Interest accrued but not due .. .. .. 2,230 1 3 Loan Premium Account .. .. .. 83 12 5 Tobacco redrying factory at Motueka .. .. 6,751 2 3 Accumulated Fund — Motor-vehicles .. .. . . . . 10 0 0 Exeess of income over expendi- £ s. d. Plant, machinery, and tools .. .. .. 8,288 10 0 ture to 31st March, 1938 1,355,004 22 Humphreys Gully water-race .. .. .. 300 0 0 Less excess of expenditure Loans .. .. .. .. .. 191,443 11 7 over income for year ended Stocks of boots and blankets .. .. .. 197 9 0 31st March, 1939 .. 753,759 17 11 Investments .. .. .. .. 2,500 0 0 601,244 4 3 Assets in Suspense .. .. .. .. 76,738 2 3 £ s. d. Cash in Public Account .. 32,123 2 4 Cash invested by Treasury .. 175,000 0 0 Cash held by Post Office .. 112,771 13 1 Imprests outstanding .. 420 18 3 320,315 13 8 £847,990 10 3 £847,990 10 3

Note. —Part of the subsidy granted to the gold-mining industry is recoverable out of the proceeds of the gold sold.

A. J. Ridler, Assistant-Secretary of Labour. H. Parsonage, Accountant. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. — J. H. Fowler, Controller and Auditor-General.

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