POST AND TELEGRAPH DEPARTMENT— continued. Balance-sheet as at 31st March, 1941. Receipts and Expenditure on Capital Account.

Ill" ' General Balance-sheet. for unpaid money-orders .. .. .. 68,474 Capital Account balance .. .. .. .. •• •• 1,400,647 Other Administrations, on money-order, postal, and cable accounts .. 96,717 Stock at Stores, Telegraph Engineers and Workshops, and in transit .. .. 643,212 Postal-note payees for unpaid postal notes .. .. •• 83 > SS uS y d ?m aa + d -Vili National savings coupons sold and unredeemed 623 Other Administration on Money-order Account 4,330 Sundry other creditors I ' 2 ® 1 ' ( » I Sundry other debtors 532 ' 267 Other Government Departments .. .. •• •• 1,855,922 + q + i t f ' 3,306,746 Investments in Government Stocks on account 01— Assets written off Reserve Account 3,895 Post Office investment certificates 392,650 War Loan Certificate Account *,601 National savings deposits and bonds 1,246,000 . „,, B Post Office Investment Certificate Account .. .. •. •• •• -n 4. 4. >u i * 7i« 791 Money-order Settlement Account 21,577 Postmasters balances •• •• * 3.™, 721 National Savings Fund Account «37,705 Less Savings-bank funds held m balance 699,739 „ QS , National Savings Bond Fund Account .. •• •• •■ •• 603,830 . q's7n'ftl3 Postmasters : Por advance to Postmasters of stamps, postal notes, British Cash in bank stock of postal notes &c 3, 870, 013 postal orders, Post Office investment certificates, and other documents Bulk stock of stamps held m Head Office .. .. .. .. .. 20,200,841 of value, including stocks held in the General Post Office 6,027, 332 Assets written off Suspense Account •• ■ • • • • • * > Stamps held in Head Office and in transit 25,254,244 Post Office investment under section 100 of the Post and Telegraph Depreciation Reserve (including maintenance and renewals, equalization Act, 1928 .. .. .. .. .. .. •- reserve, telegraph, toll, and telephone systems) 5,396,077 Interest accrued on investments 2b,^10 Eire Insurance Reserve 170,000 Loan Conversion Expense Account 1,390 War Damage Insurance Reserve .. .. . • •• •• •• Profit and Loss Appropriation Account .. .. •• 524,428 £42,578,510 £42,578,510 Notes— (a) Interest on so much of capital as is equal in amount to Depreciation Reserve investments is at the average earning-rate on such investments; interest on balance of capital is at £4 ss. per cent. (6) Depreciation has heen allowed £or on balance of assets as at Ist April, 1940, the total charge being carried to Depreciation Reserve. P. Cuteorth, A.R.A.N.Z., Director of Accounts. J. G. Young, Director-General, Post and Telegraph Department. I hereby certify that the Profit and Loss Accounts 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— Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. IV], SOP. TO 1941.

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As at 1st April, 1 Amount debited j As at Slst March, |i c , I Capital as at 1st | Amount received j Capital as at 31st Dr. | 1940- during Year. j 1941. j 0r ~ j April, 1940. j during Year. | March, 1941. £ £ £ Receipts — £ £ £ Telegraph and toll systems, including 3,000,686 32,750 3,033,436 Public Works Fund 15 > 9^' "'lia'iia works in progress Aeradio Adjustment Account (Consoli- 68,094 4o,319 lld,41d Telephone-exchange systems, including 9,678,891 267,722 9,946,613 dated Fund contribution to aeradio works in progress . ,, assets) Wireless systems .. •• •• 47,262 1,050 48,312 Buildings and sites •• 3,985,679 347,262 4,332,941 Tools and plant .. .. •• 61,228 | f'ffi Motor assets .. 334,476 Or. 4,212 330,264 Furniture and fittings .. •• 204,982 8,637 213,619 A GommvScatio7eQuipment .. 66,258 10,044 76,302 16,036,391 648,209 16,684,600 •• 1 830 35,275 37,111 Balance carried to General Balance-sheet 1,344,907 55,740 1,400,647 17,381,298 703,949 18,085,247 17,381,298 703,949 18,085,247