C—2a

Balance-sheet as at 31st March, 1948 Liabilities «£ Assets Liability to Consolidated Fund under section 6, National 3,448,147 Collieries— £ £ £ Development Loans Act, 1941 Machinery, plant, &c. .. ~ 539,249 Deposits on contracts .. .. .. .. .. 4,039 Development and Property 676,837 Debt Redemption Reserve to be applied for redemption of 49,004 | Accounts capital | Buildings at mines .. .. 151,599 Sundry creditors .. .. .. .. .. 479,062 Cottages at mines .. .. 204,724 Reserves £ Plantations at mines .. .. 19 General Reserve .. .. .. .. 113,688 Accident Insurance Reserve .. .. .. 118,302 1 572 428 Bad Debts Reserve .. .. .. .. 1,633 Less provisionally written oft' .. 1,371 Restoration Opencast Areas Reserve .. .. 2,452 1 57 j 957 236,075 Purchase of Westport Coal Co., Ltd. .. '888^395 Opencast mining— Purchase-price .. .. 66,633 Development, preliminary expenses, 31,316 &c. Plant, machinery, &c. .. .. 21,372 Buildings and accommodation .. 50,790 Railway, sidings, &c. .. .. 20,878 190,989 Blackball sawmill: Plant, buildings, .. 1,757 &c. Plant, equipment, &c., on hire .. 96,664 Less provisionally written oft' .. 10 96,654 Depots: Property Accounts .. 13,420 Less provisionally written oft' 1 l3 419 Head Office furniture, &c. .. .. '769 Purchase of land .. .. .. 2,246 Briquetting: Preliminary expenses . . 743 Prospecting on State coal reserve .. .. 35,757 2,801,786 Shares .. .. .. .. .. .. 168 Stores on handCollieries .. .. ~ 287, 368 Spares for mechanical equipment.. 9,854 297,222 Less provisionally written off .. . . 485 296,737

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