BALANCE-SHEET OF THE NEW ZEALAND STATE COAL-MINES.

Statement of Liabilities and Assets at 31st March, 1908.

Liabilities.

£ s. d. £ s. d.
Debenture loan .. .. .. 19,128 2 11 100,000 0 0
Sundry creditors .. .. .. 1,750 0 0
Accrued interest .. .. .. 7,600 0 0
Debenture sinking fund.. .. .. ———————— 28,478 2 11

General Profit and Loss Account—
Balance of profit at 31st March, 1907 .. 33,468 14 2
Net profits for the year ended 31st March, 1908 .. 8,440 8
———————— 41 909 5

Assets.

£ s. d. £ s. d.
Point Elizabeth Colliery and Development Property Account—
Cost at 31st March, 1907 .. .. .. 16,419 1 11
Additional outlay during the year .. .. .. 2,061 4 6
———————— 18,480 6 5
Depreciation, 10 per cent. .. .. .. 1,848 0 7
———————— 16,632 5 10
Machinery, plant, ropes, and rolling-stock—
Cost at 31st March, 1907 .. .. .. 27,628 13 3
Additional outlay during the year .. .. .. 5,523 15 9
———————— 33,152 9 0
Depreciation, 10 per cent. .. .. .. 3,315 4 11
———————— 29,837 4 1
Buildings at mine—
Cost at 31st March, 1907 .. .. .. 2,200 0 1
Additional outlay during the year .. .. .. 1,275 9 6
———————— 3,475 9 7
Depreciation, 10 per cent. .. .. .. 347 11 0
———————— 3,127 18 7
Cottages—
Cost at 31st March, 1907 .. .. .. 218 14 0
Additional outlay during the year .. .. .. 1,816 1 5
———————— 2,034 15 5
Depreciation, 10 per cent. .. .. .. 203 9 6
———————— 1,831 5 11
Stores (stock on hand) .. .. .. 4,398 13 6
Timber (stock on hand) .. .. .. 155 9 11
Coal (stock on hand, at mine and wharf) .. .. .. £597 16 1
Coal (stock on hand, afloat) .. .. .. 876 16 1
———————— 1,474 12 2
———————— 6,028 15 7
———————— 57,457 10 0
Seddonville Colliery and Development Property Account—
Cost at 31st March, 1907 .. .. .. 12,445 10 4
Additional outlay during the year .. .. .. 1,414 18 2
———————— 13,860 8 6
Depreciation, 10 per cent. .. .. .. 1,386 0 10
———————— 12,474 7 8
Machinery, plant, ropes, and rolling-stock—
Cost at 31st March, 1907 .. .. .. 13,178 8 7
Additional outlay during the year .. .. .. 38 5 3
———————— 13,216 13 10
Depreciation, 10 per cent. .. .. .. 1,321 13 4
———————— 11,895 0 6
Buildings at mine—
Cost at 31st March, 1907 .. .. .. 430 2 2
Depreciation, 10 per cent. .. .. .. 43 0 3
———————— 387 1 11
Cottages—
Cost at 31st March, 1907 .. .. .. 262 8 10
Depreciation 10 per cent. .. .. .. 26 4 11
———————— 236 3 11
Briquette plant—
Cost at 31st March, 1907 .. .. .. 11,863 11 5
Additional outlay during the year .. .. .. 3,658 5 5
———————— 15,521 16 10