POST AND TELEGRAPH DEPARTMENT— continued Balance-sheet as at 31st March, 1942 Receipts and Expenditure on Capital Account

B.—l [PT. IV]

— .— I -— i u■ ■ , i__ i i _ : General Balance-sheet Liabilities £ £ Assets £ Sundry creditors Capital Account balance .. .. .. 1 397 776 Money-order payees for unpaid money-orders .. .. .. 75,962 Stock at stores .. .. .. .. ' " 706' 034 Other Administrations, on money-order, postal, and cable accounts .. 131,890 Sundry debtors ' £ Postal-note payees for unpaid postal-notes 89,128 Other administrations on money-order account . 9 930 National savings coupons sold and unredeemed .. .. .. 1,399 Sundry other debtors " I 476'-873 Other Government Departments .. .. .. .. .. 3,322,875 """ " " " , 4sfi Sundry other creditors 1,093,303 _ Investments in Government stocks on account of— ' . ... „ _ , 4,714,557 Post Office investment Certificates .. .. .. .. 342,650 Assets written off Reserve Account .. .. .. .. .. .. 2,957 National savings deposits and bonds .. .. . 6 013 000 War Loan Certificate Account .. .. .. .. .. .. 4 244 » r Post Office Investment Certificate Account Postmasters' balances .. 6 648 999 ' ds ' boU Money-order Settlement Account 37,189 Less Savings-bank funds held in balance " ! '802'846 National Savings Fund Account .. .. .. .. .. 2.845 141 ' _ 0 ,„ National Savings Bonds Fund Account .. .. .. .. 3,'386!566 Cash in bank, stock of postal notes, &c. .. 5*429 298 lostmasters: For advances to Postmasters of stamps, postal notes, Bulk stock of stamps held in Head Office " 34'977' 206 British postal orders, and other documents of value, including stocks Assets written off Suspense Account .. .. .. .. " ' 2'957 held m General Post Office .. .. .. .. .. 10,079,636 Post Office investments under section 100 of Post and Telegraph Act, btamps held m Head Office and m transit .. .. .. .. .. 35,120,638 1928 - oq~ ri-o Depreciation Reserve 5,' Interest accrued on investments ! ' 75'838 Pire Insurance Reserve 200,000 Loan Conversion Expense Account . 695 War Damage Insurance Reserve .. .. .. .. .. .. 420 908 Reserve for accumulated leave .. .. .. .. .. .. 50 000 Profit and Loss Appropriation Account .. .. .. .. .. 474 994 £63,513,406 £63,513,406 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 Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position a's disclosed thereby.— Cyril G. Collins, Controller and Auditor- General.

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Dr. A3 at 1st April, Amount debited As at 31st March, Capital as at 1st ! Amount received Capital as at 31.1 1941. ! during Year. 1942. Ur - April, 1941. j during Year. March, 1942. || . r Expenditure— £ £ £ ; Receipts— £ £ j £ Telegraph and toll systems, including 3,033,436 12,361 3,045,797 Public Works Fund .. .. 16,571,187 389,320 16,960,507 \voris m progress Aeradio Adjustment Account (Con- ' IKiUlS 24 816 138,229 Telephone-exchange systems, including 9,946,613 148,750 10,095,363 solidated Fund contribution to works in progress aeradio agsets) Wireless systems .. .. .. 48,312 2,487 - 50 799 Buildings and sites .. .. 4,332,941 214,467 4,547^408 Tools and plant .. .. .. 66,649 4,469 ' 71 118 Motor assets .. .. .. 330,264 Or. 2,021 328'243 Furniture and fittings .. 213,619 5,936 Aeradio systems — Catl ° n CqUi^ment • 76,302 10,473 86,775 16,684,600 4lZl36 ! 17,098,736 g •• 3/,111 14,343 51,4o4 Balance carried to General Balance-sheet .. .. 1,397,776 18,085,247 411,265 j 18,496,512 , | .. 18,496 512 — : : 1 : ' • I I | '