■C—2A.

NEW ZEALAND STATE COAL-MlNES—continued General Profit and Loss Account Dr. Gr - Net Loss, 1942-43— £ . £ Net profit, 1942-43— £ £ Dobson Colliery 456 Liverpool Colliery 4,968 Blackball Colliery 19,497 James Colliery 6,215 19,953 Strongman Colliery .. .. .. 3,516 Runanga Water-supply Scheme 1,000 Mangapehi Colliery 3,968 Interest on loans 12,573 Mac Donald Colliery 4,653 Balance: Net profit for year carried down .. .. 4,079 Wellington Depot .. .. .. 7,519 Christchurch Depot .. ■ ■ • ■ '2,334 Wanganui Depot .. .. .. 17 33,190 Net recoveries— Seddonville Colliery .. .. .. 27 Royalties .. .. • ■ • • 4,088 4,115 Net revenue from hire of plant, buildings, &c. .. 300 £37,605 £37,605 Profit and Loss Appropriation Account Dr £ Cr. £ Taxation reserve for income and other taxes .. .. 7,107 Net profit for year 1942-43 4,079 Sinking Fund Account for redemption loan capital .. 14,324 Transfer from General Reserve .. .. .. 17,302 £21,431 £21,431 Balance-sheet as at 31st March, 1943 Liabilities £ I Assets Loan capital: Securities at 4 per cent. .. •• 536,967 Collieries— o«if s q £ Accrued interest on loan capital 1,809 Development and Property Accounts .. 261,483 Sundry creditors- £ Machinery plant, ropes, and rolling-stock .. 157,279 South Island collieries 68,204 Electrical plant 1,101 North Island collieries 18,300 Bui dings at mines 67,889 Christchurch Depot 3,738 Cottages at mines 90,718 WplUniTtnn Denot, ■■ 14,655 Plantation at mines .. .. .. 631 Wellington .Depot 104,897 Coal stocks (bins, wharf, and afloat) .. 7,501 Deposits on contracts MfO Stores on hand 87,581 Excess receipts over expenditure : Wallsend Colliery .. 2,088 Sinking Fund Less provisionally written off .. . . "90 General Reserve 233,650 674,093 Accident Insurance Reserve .. 25,412 Prospecting on State coal reserve .. . .. 6,001 Bad Debts Reserve 2,025 Plant, equipment &c., on hire .. .. 1,956 Taxation Reserve 7,013 Less provisionally written off .. .. 10 Depots— Property Accounts .. .. .. 13,361 - Stocks and stores on hand .. .. 10,100 23,461 Less provisionally written off .. .. 2,106 — 21,355 Sinking Fund investments .. .. .. 14,324 Housing advances to workmen .. .. 54,215 Interest accrued and due .. . . 462 54,677 Miscellaneous advances .. .. .. .. 6,175 Sundry debtors— South Island collieries .. .. 39,845 North Island collieries .. .. .. 3,314 Mac Donald Colliery .. .. • . 1,366 Wellington Depot .. .. . . 64,761 Christchurch Depot .. .. •• 10,952 120,238 Less provisionally written off . . 68 120,170 Cash in Receiver-General's Deposit Account .. 1,640 Cash in Public Account .. .. • • • • 29,444 £929,825 £929,825 State Coal-mines Office, Wellington C. 1, P. 0. Webb, Minister of Mines. M. L. Thomas, Accountant. 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, Controller and Auditor-General.

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