NEW ZEALAND STATE COAL-MINES.

Balance-sheet of Point Elizabeth Mine at 31st March, 1904 (as required by the Audit Office).

Liabilities. £ s. d. £ s. d.
Proportion of debentures allocated to Point Elizabeth Mine 80,449 7 1
Proportion of sundry creditors .. .. .. 754 4 11
Proportion of accrued interest payable .. .. .. 1,277 0 0
————————
82,480 12 0

Assets. £ s. d. £ s. d.
Point Elizabeth Mine—
Cost at 31st March, 1903 .. .. .. 4,024 12 3
Additional expenditure during the year .. .. .. 24,765 7 2
————————
28,789 19 5
Point Elizabeth Railway—
Cost at 31st March, 1903 .. .. .. 27,901 8 0
Additional expenditure during the year .. .. .. 25,084 16 8
————————
52,986 4 8
Proportion of cost of Greymouth office furniture .. .. ..
35 4 7
Balance in hand, State Coal-mines Account .. .. .. 4,032 17 9
Less vouchers passed outstanding .. .. .. 2,694 11 0
————————
£1,338 6 9
Proportion of balance in State Coal-mines Account allocated
to Point Elizabeth Mine .. .. .. ..
669 3 4
————————
£82,480 12 0

Balance-sheet of Seddonville Mine at 31st March, 1904 (as required by the Audit Office).

Liabilities. £ s. d. £ s. d.
Proportion of debentures allocated to Seddonville Mine .. 26,550 12 11
Proportion of sundry creditors .. .. .. 754 4 11
Proportion of accrued interest payable .. .. .. 381 8 5
————————
27,686 6 3

Assets. £ s. d. £ s. d.
Seddonville Mine—
Cost at 31st March, 1903 .. .. .. 7,497 9 9
Additional expenditure during the year .. .. .. 16,879 1 1
————————
24,376 10 10
Proportion of cost of Greymouth office furniture .. .. ..
35 4 8
Sundry debtors .. .. .. ..
1,723 1 3
Balance in hand, State Coal-mines Account .. .. .. 4,032 17 9
Less vouchers passed outstanding .. .. .. 2,694 11 0
————————
£1,338 6 9
Proportion of balance in State Coal-mines Account allocated
to Seddonville Mine .. .. .. ..
669 3 5
Profit and Loss Account .. .. .. ..
882 6 1
————————
£27,686 6 3

Seddonville Colliery Profit and Loss Account for the Year ended at 31st March, 1904.

Dr. £ s. d. £ s. d.
To Coal-winning—
Wages .. .. .. 2,662 15 9
Materials used .. .. .. 234 12 9
Stores used .. .. .. 70 8 6
————————
2,967 17 0
Management and office salaries .. .. .. 284 10 8
Interest .. .. .. 310 17 11
Travelling-expenses .. .. .. 105 5 2
Printing, stationery, and advertising .. .. .. 5 13 1
Railway haulage .. .. .. 874 3 8
Insurance .. .. .. 3 2 6
General expenses .. .. .. 115 2 3
————————
£4,666 12 3

Cr. £ s. d. £ s. d.
By Sales of coal .. .. .. 3,523 18 4
Stock of coal on hand .. .. .. 221 7 6
————————
3,745 5 10
Discounts .. .. .. 39 0 4
Balance (loss) .. .. .. 882 6 1
————————
£4,666 12 3

State Coal-mines Office, Greymouth, 10th July, 1904.
LOUIS H. EILERS, Accountant.
P. HEYES, F.S.A.A. Eng., Inspecting Accountant.

Examined and found correct—J. K. WARBURTON, Controller and Auditor-General.

The foregoing is the balance-sheet and statements of accounts drawn up as required by the Audit Department in accordance with section 14 of “The State Coal-mines Act, 1901.”

JAS. McGOWAN,
Minister of Mines.