B—l [Pt. IV]

STATE FORESTS ACCOUNT— continued Balance-sheet as at 31st March, 1946 Liabilities £ 1 Assets £ Land and forest capital .. .. .. .. 36,433,051 Land taken over or purchased .. .. .. .. 1,719,945 National-development loans .. .. .. .. 4,177,438 I Indigenous standing forests taken over or purchased .. 34,028,190 Advances from Consolidated Fund .. .. .. 87,405 Indigenous forests improvements (roads, tracks, protection, Sundry creditors— &c.) .. .. .. .. .. .. 6,663 Consolidated Fund for— £ Regeneration of cut-over areas (including planting) .. 58,346 Interest paid on loans .. .. .. 1,385,072 Indigenous forests under management .. .. .. 95,158 Loans redeemed .. .. .. 141,554 | Cost of establishment of exotic forests .. .. .. 7,199,105 National-endowment revenue collected but not j Seed stocks .. .. .. .. .. .. 1,924 paid over .. . . .. .. 20,023 I Utilization plant, stocks, &c.— | Whakarewarewa: Sawmill, box-factory, and £ 1,546,649 creosoting .. .. .. .. 360,785 On open account .. .. .. .. 97,996 Hanmer Springs: Creosoting .. .. 4,760 1,644,645 Southland: Creosoting .. .. .. 17,574 Reserves—• Miscellaneous .. .. .. .. 3,247 General reserves— 386,366 Indigenous forests .. .. .. 1,121,119 Departmental property (indigenous forests and Exotic forest .. .. .. .. 941, 376 general administration)— Utilization (sawmilling, &c.) .. .. 31,790 Buildings .. .. .. .. .. 17,919 Field, office, and miscellaneous equipment . . 13,498 2,094, 285 Forest atlas . . . . .. . . 3,608 Fire Insurance Reserve .. .. .. 8,105 Motor-vehicles .. .. .. .. 22,336 Reserve for assets held in suspense (see contra) 4,560 Reference library and saleable publications . . 1,444 2,106,950 Stamps on hand .. .. .. .. 193 Credit Suspense Account .. .. .. .. 31 58,998 Amounts held in deposit (see contra) .. .. .. 15,644 Sundry debtors on open account .. .. .. 137,178 Net interest payable capitalized but not charged against specific assets .. .. .. .. 724,242 Assets in Suspense (see contra) .. .. .. 4,560 Cash held in dejjosit (see contra) .. .. .. 15,644 Cash in Public Account and outstanding imprests .. 28,845 £44,465,164 £44,465,164

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