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NEW ZEALAND STATE COAL-MlNES —continued General Profit and Loss Account Dr. Or. Net loss, 1943-44— £ £ Net profit, 1943-44— £ £ Liverpool Colliery .. .. 10,830 James Colliery .. .. .. 787 Dobson Colliery .. .. .. 26,046 Strongman Colliery .. .. .. 929 Wallsend Colliery .. .. .22,747 Mangapehi Colliery .. .. .. 7,049 Blackball Colliery .. .. .. 21,768 Mac Donald Colliery .. .. .. 5,825 Tatu Colliery .. .. .. .. 28,423 Wellington Depot .. .. .. 13,542 109,814 Christchuroh Depot .. .. .. 1,262 Interest on loans .. .. .. .. ■■ 23,484 Wanganui Depot .. .. .. 26 29,420 Net recoveries— Seddonville Colliery .. .. .. 35 Royalties .. .. .. .. 4,419 4,454 Net revenue from hire of plant, buildings, &c. .. 268 Balance : Net loss for year carried down .. .. 99,156 £133,298 £133,298 Profit and Loss Appropriation Account Dr. £ Cr. £ Net loss for year 1943-44 .. .. .. .. 99,156 Transfer from General Reserve .. .. .. 120,209 Taxation reserve for income and other taxes (amount short-transferred, 1942-43) .. .. . ■ 1 Loans Redemption Account .. .. .. 21,052 £120,209 £120,209 Balance-sheet as at 31st March, 1944 Liabilities £ £ Assets Loan capital: Securities at 4 per cent. .. .. 842,643 Collieries — £ £ Sundry creditors— Development and Property Accounts .. 295,606 South Island collieries .. .. .. 117,376 Machinery, plant, ropes, and rolling-stock .. 257,807 North Island collieries .. .. .. 13,919 Electrical plant .. .. .. 15 Christchuroh Depot .. .. .. 2,499 Buildings at mines .. .. .. 84,138 Wellington Depot .. .. .. 16,061 Cottages at mines .. .. .. 129,737 149,855 Plantations at mines .. .. .. 627 Deposits on contracts .. .. .. . . 1,620 Coal stocks (bins, wharf, and afloat) .. 10,666 Debt Redemption Reserve— Stores on hand .. .. .. 73,280 Applied for Redemption of Capital .. .. 21,052 Reserves— 851,876 General Reserve .. .. .. 127,764 Less provisionally written off .. .. 800 Accident Insurance Reserve .. .. 24,710 851,076 Bad Debts Reserve .. .. .. 2,023 Open cast mining: Works in progress .. , .. 9,988 154,497 Briquetting : —Preliminary expenses .. .. 380 Prospecting on State coal reserve .. .. .. 9,853 Plant, equipment, &c., on hire .. .. 798 Less provisionally written off .. .. 10 788 Depots— Property accounts .. .. ' 12,667 Stocks and stores on hand .. .. 4,006 .16,673 Less provisionally written off .. .. 2,132 — 14,541 Housing advances to workmen .. .. 59,189 Interest accrued and due .. .. 629 59,818 Miscellaneous advances .. .. .. 7,933 Less provisionally written off .. 64 — 7,869 Sundry debtors — South Island collieries .. .. .. 52,211 North Island collieries .. .. .. 4,532 Mac Donald Colliery .. • .. .. 1,296 Wellington Depot .. .. .. 71,240 Christchuroh Depot .. .. .. 10,537 139,816 Less provisionally written off .. .. 137 139,679 Cash in Receiver-General's Deposit Account .. .. 1,620 Cash in Public Account .. .. .. 47,803 Imprests outstanding .. .. .. 5,200 — 53,003 Cash in Loans Redemption Account .. .. 21,052 £1,169,667 £1,169,667 State Coal-mines Office, Wellington C. 1, P. C. 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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