B- I [Pt. IV]

WESTPORT HARBOUR ACCOUNT— continued Balance-sheet as at 31st March, 1948 n Liabilities Assets Creditors £ £ £ Debtors— £ £ £ Departmental 802 Accrued revenue 203 Sundr y 5,133 Departmental 1,287 „ ~ . 5,935 Sundry .. .. .. 11'346 Revenue paid m advance 26 • 00f , t • i,M 0 + ta l 0f n I ! a s il | tieS 1 5 > 961 Stock and stores at cost 12 565 Liability to Consolidated Fund- Total of current assets ! ' 25 401 Finance Act, 1926, section 22 .. .. ..64,783 Fixed assets at cost, less depreciation— Fmance Act p 32 section 16 92,422 Breakwaters .. 344333 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, 1947 .. . . 132, 374 Martins Land Account .. .. 700 Less excess expenditure over income for 1946-47 .. 49,819 Limestone-quarry .. .. .. 128 m . .. , , 82,555 Harbour buildings .. .. . 94.4. Treasury Adjustment Account 298,865 Cape Foulwind Railway " 8 251 Writmg-off Reserve Account .. n Dredge Wharf .. 279 Contingency: Sale of unleased land* .. .. 650 Dredges, tug, plant, launch, and truck !! !! 1^099 Office furniture, fittings, and mechanical appliances .. 10 Total of fixed assets ... .. ... .. 493 130 . Endowment lands— r ■ Leased •• •• .. .. .. 36,985 Unleased .. .. .. .. .. 22 147 59,132 Deferred expenditure : Harbour lights .. ..' 706 706 Writing-off Suspense Account .. .. .. H Suspense Account . . .. .. .. , # 10 Excess of expenditure over income .. .. .. .. 25 333 £603,729 £603,729 * Advice received that this £650 will be received during the year 1948-49. W. C. Smith, Secretary. J, Southward, Assistant Accountant,

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