B—l [PP. IV]

MARINE DEPARTMENT— continued WESTPORT HARBOUR ACCOUNT— continued Balance-sheet as at 31st March, 1947 Liabilities Assets Creditors— £ £ £ Debtors— £ £ £ Departmental .. .. .. .. 486 Accrued revenue .. .. .. 123 Sundry .. .. .. .. 4,773 Departmental .. .. .. .. 1,187 5,259 Sundry .. .. .. .. 2,800 Revenue paid in advance .. .. .. 101 4,110 Total of current liabilities .. .. .. 5,360 Stock and stores at cost .. .. .. .. 9,904 Fixed-term liabilities: Liability to Consolidated Fund— Total of current assets .. .. .. 14,014 Finance Act, 1926 (No. 2), section 22 .. .. 64,783 Fixed assets at cost, less depreciation— Finance Act, 1932, section 16 .. .. .. 92,422 Breakwaters .. .. .. .. 344,333 Total, fixed-term liabilities .. .. .. 157,205 Training -walls .. .. .. .. .. 102,998 Endowment capital .. .. .. .. .. 59,132 Protective works and relief channels .. .. 17,384 General reserve as at 31st March, 1946 .. .. 158,540 Martins Land Account .. .. .. .. 700 Less excess expenditure over income for 1945-46 .. 26,166 Limestone- quarry .. .. .. .. 128 132,374 Harbour buildings .. .. .. .. 1,085 Treasury Adjustment Account .. .. .. .. 248,867 Cape Foulwind Railway .. .. .. .. 8,251 Writing off Reserve Account .. .. .. .. 17 Dredge wharf .. .. .. .. .. 372 Contingency: Sale of unleased land* .. .. 650 Gridiron .. .. .. .. .. 1,054 Dredges, tug, plant, launch, and truck .. .. 2,703 Office furniture, fittings, and mechanical appliances .. 13 Total of fixed assets .. .. .. .. 479,021 Endowment lands— Leased .. .. .. .. .. 35,935 Unleased .. .. .. .. .. 23,197 59,132 Deferred expenditure: Harbour lights .. .. .. 942 Writing off Suspense Account .. .. .. .. 17 Suspense Account.. .. .. .. .. .. 10 Excess expenditure over income .. .. .. 49,819 £602,955 £602,955 * Awaiting legal 'decision as to whether proceeds of sale accrue to Lands Department or Marine Department. W. C. Smith, Secretary of Marine. J. Southward, Assistant 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 B-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (583 copies), £172.

By Authority: E. Y. Paul, Government Printer, Wellington. —1948.

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