C—2a

Balance-sheet as at 31st March, 1949 Liabilities £ Assets Liability to Consolidated Fund under Section 6, National Collieries— £ Development Loans Act, 1941 .. .. .. .. 4,622,918 Machinery, plant, &c. .. .. 677,200 Deposits on contracts .. .. .. .. .. 5,664 Development and Property Debt Redemption Reserve to be applied for redemption of Accounts .. .. 1,009,204 capital .. .. .. .. .. .. 81,928 Buildings at mines .. .. 197,755 Sundry creditors .. .. .. .. .. 422,301 Cottages at mines .. .. 221,522 Reserves— £ Plantations at mines .. .. 19 General Reserve .. .. .. ..111,423 Land at mines .. .. 7,056 Accident Insurance Reserve .. .. .. 169,354 Bad Debts Reserve .. .. .. .. 1,730 2,112,756 Restoration Opencast Areas Reserve .. .. 4,132 Less provisionally written off .. 365 P 1— 286,639 2,112,391 Shares Taupiri Coal Mines, Ltd. .. .. 807, 241 Opencast mining— Purchase -price .. .. 63,730 Development, preliminary expenses, &0..T 47,061 Plant, machinery, &c. .. .. 23,522 Buildings and accommodation .. 58,122 Railway sidings, &c. .. .. 18,789 211,224 Blackball sawmill: Plant, buildings, &c 8,657 Plant, equipment, &c., on hire .. 218,142 Less provisionally written off 10 218,132 Depots : Property Accounts .. 35,399 Less provisionally written off 35,399 Head Office furniture, &c. .. .. 3,249 Purchase of land .. .. .. 3,104 Briquetting : Preliminary expenses.. .. 1,986 Prospecting on State coal areas .. .. 18,481 3,419,864 Investments .. .. .. .. •• 74,576 Carried forward .. ..5,419,450 Carried forward ~ . - .. ..3,494,440

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