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

Statement of Liabilities and Assets at 31st March, 1909.

Liabilities. £ s. d. £ s. d.
Debenture loan .. .. .. 30,921 2 1 100,000 0 0
Sundry creditors .. .. .. 1,750 0 0
Accrued interest .. .. .. 9,600 0 0
Debenture sinking fund.. .. .. 6,000 0 0
Reserve fund .. .. .. ———————— ————————
48,271 2 1

General Profit and Loss Account—
Balance of profit at 31st March, 1908 £ s. d. 41,909 2 5
Net profits for the year ended
31st March, 1909 .. .. .. 14,282 10 6
Less sinking fund .. £2,000
reserve fund .. 6,000 ————————
8,000 0 0 6,282 10 6
———————— ————————
48,191 12 11

Assets. £ s. d. £ s. d. £ s. d.
Point Elizabeth Colliery and Development Property Account—
Cost at 31st March, 1908 .. .. .. 16,632 5 10
Additional outlay during the year .. .. .. 2,742 2 3
————————
19,374 8 1
Depreciation .. .. .. 968 14 5
————————
18,405 13 8
Machinery, plant, ropes, and rolling-stock—
Cost at 31st March, 1908 .. .. .. 29,837 4 1
Additional outlay during the year .. .. .. 5,973 16 10
————————
35,811 0 11
Loss by fire .. .. .. 100 0 0
————————
35,711 0 11
Depreciation .. .. .. 1,785 11 1
————————
33,925 9 10
Buildings at mine—
Cost at 31st March, 1908 .. .. .. 3,127 18 7
Additional outlay during the year .. .. .. 14 9 6
————————
3,142 8 1
Loss by fire .. .. .. 360 17 8
————————
2,781 10 5
Depreciation .. .. .. 139 1 6
————————
2,642 8 11
Cottages—
Cost at 31st March, 1908 .. .. .. 1,831 5 11
Additional outlay during the year .. .. .. 1,249 18 1
————————
3,081 4 0
Depreciation .. .. .. 154 1 3
————————
2,927 2 9
Stores (stock on hand) .. .. .. 2,843 19 1
Timber (stock on hand) .. .. .. 241 5 4
Coal (stock on hand, at mine and wharf) .. .. .. 593 19 0
Coal (stock on hand, afloat) .. .. .. 2,465 5 11
————————
6,144 9 4
Point Elizabeth Colliery No. 2, Development and Property Account
Point Elizabeth Colliery No. 2, machinery, plant, ropes, and rolling-stock
.. .. .. 6,301 4 9
Point Elizabeth Colliery No. 2, buildings at mine
.. .. .. 1,592 2 1
.. .. .. 176 6 8
————————
8,069 13 6 72,114 18 0
Railway-construction Property Account—
Balance outstanding .. .. .. 1,684 6 5
Construction during the year .. .. .. 25,195 18 0
————————
26,880 4 5

THE NEW ZEALAND GAZETTE.
[No. 46