B—l [PT. IV]

WESTPORT HARBOUR ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1942. Expenditure. £ Income. £ Dredging .. .. .. ■■ •• 28,947 Special coal rate .. .. .. .. •• 24,371, Harbour-maintenance .. .. .. •• 3,398 Endowment revenue .. .. .. ..15,865 Breakwater-protective works .. .. .. 3,015 Port dues .. .. .. .. •• 3,5-0 Working-expenses of tug and launch .. .. .. 87 Sale of stores, &c. .. .. •• •• •• -1.409 Office administration (local) .. .. .. .. 1,182 Hire of plant .. .. •• •• •• Endowments: Administration expenses .. .. 463 Rent .. .. .. • • • • • • Audit fees.. . . • • • • • • • • 65 Use of transmission line .. .. .. • • 3d Telephone services .. .. .. .. • • 104 Launch-hire .. . . . • ■ • • ■ 15 Compensation for accidents .. .. .. .. 234 Supervision of explosives magazine .. .. .. 75 Travelling-expenses .. .. .. •• 99 Balance carried down .. .. .. .. It,ZZ4 Head Office administration .. .. .. • • 600 Depreciation — £ Buildings .. .. • • • • 139 Dredge wharf, &c. .. .. .. 137 Dredges, launches, &c. .. .. .. 2,145 2,421 Interest on loan .. .. .. •. .. 17,360 £57,975 £57,975 ~~jT Balance brought down .. .. .. 12,224 Excess expenditure over income carried down .. .. 18,694 Transfer to Sinking Eund .. .. .. .. 6,470 £18,694 £18,694 Excess expenditure over income, 31st March, 1942, brought £ down .. .. .. •• 18,694 Balance carried down .. .. .. •• 65,062 Balance, 31st March, 1941 .. .. .. •• 46,368 £65,062 £65,062 Note. —No charge for the cost of exchange on payments made in London is included in the account. Receipts and Payments Account for the Year ended 31st March, 1942. Receipts. £ s. d. Payments. £ s. d. Marine Revenue: Westport Harbour receipts .. 45,153 14 8 Refunds of revenue .. .. .. ■■ 10 ,j 3 Final charges : Adjustments .. .. .. 170 2 3 Westport Harbour payments .. .. .. 35,771 19 6 Credits-in-aid (gross) .. .. .. 68 1 6 Pinal charges: Adjustments .. .. .. 170 Z 3 Balance carried down .. .. 9,43J 1 5 £45,391 18 5 £45,391 18 5 Treasury Adjustment Account for the Year ended 31st March, 1942. Dr. £ s. d. Cr. £ s - d - Balance brought down .. .. .. 9,439 1 5 Administration charges : Head Office .. .. o 600 0 0 Balance carried down .. .. •• 8,83J I o £9,439 1 5 £9,439 1 5 £ s. d. Balance brought down .. .. .. 8,839 1 5 Balance, Ist April, 1941 .. .. .. 84,119 14 2 Balance carried down .. .. .. 95,876 4 9 Interest on capital .. .. .. •• 17,d0U II ll Sinking Fund contribution .. .. •• A, too u I £104,715 6 2 £104,715 6 2 £ s. d. Balance .. .. .. •• •• 95,876 4 9 Balance-sheet as at 31st March, 1942. Liabilities. Assets. Loan capital— £ Endowment lands— £ £ New Zealand Loans Act, 1932 — Leased.. .. .. .. •• 35,6b9 3-per-cent. stock .. .. .. .. 237,559 Unleased .. .. .. 23,61-4-per-cent. debentures .. .. .. .. 6,412 59,-481 5-per-cent. debentures .. .. .. .. 117,353 Breakwaters .. .. .. . . "344,333 Westport Harbour Act, 1920: 5-per-cent. debentures .. 8,251 Training-walls .. .. .. Protective works and relief channel . . . . • • 17,385 369,575 Limestone quarry . . .. .. •• •• 128 Finance Act, 1932, section 16 .. .. .. 92,421 Gridiron.. .. .. .. •• 1.274 Dredge wharf .. .. . . • • • • 807 461,996 Martin's Island .. .. .. .. •• 700 Endowment capital .. .. .. .. 59,281 Harbour buildings.. .. .. • • 1.787 Sinking Fund Reserve .. .. .. .. 263,293 Dredges, tug " Mana," plant, &c. .. .. .. 7,188 Writing-off, Reserve Account .. .. .. 98 Cape Foulwind Railway .. .. . . 8,-51 Payments in advance .. . . .. . . 547 Office furniture and fittings.. . . .. • • 28 Creditors— £ Stock and stofes .. .. .. . . •• £.347 Accrued Sinking Fund .. .. 3,235 Breakwater Repairs Suspense Account .. .. 5,670 Accrued interest .. . . .. 1,133 Debtors — £ Departmental . . .. . . .. 474 Accrued Revenue .. .. .. 229 Sundrv ■■ ■■ •• 1,762 Departmental .. .. .. 115 6,604 Sundry .. .. .. •• 3,686 Treasury Adjustment Account .. .. 95,876 oco'ooq Sinking fund investments .. .. .. •• J63,/9d Writing-off, Suspense Account .. . • • • 98 Excess of expenditure over income .. .. •• 65,062 £887,695 £887,695 L. B. Campbell, Secretary, Marine Department. William C. Smith, Accountant. 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].— Cyril G. Collins, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given; printing (546 copies), £75.

Authority: E. V. Paul, Government Printer, Wellington. —1943.

Price Is.]

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