✨ State Coal-Mines Balance Sheet
BALANCE-SHEET OF THE NEW ZEALAND STATE COAL-MINES—continued.
Statement of Liabilities and Assets at 31st March, 1909—continued.
| Liabilities. £ s. d. | Assets. £ s. d. |
|---|---|
| Wanganui Depot Property Account— | Cost at 31st March, 1908 1,681 18 9 |
| Additional outlay during the year | 70 14 6 |
| —————————— | |
| 1,752 13 3 | |
| Loss of horse | 40 0 0 |
| —————————— | |
| 1,712 13 3 | |
| Depreciation | 85 12 8 |
| —————————— | |
| 1,627 0 7 | |
| Stocks on hand | 993 16 5 |
| —————————— | |
| 2,620 17 0 | |
| Dunedin Depot Property Account | 1,068 6 9 |
| Stocks on hand | 980 0 10 |
| —————————— | |
| 2,048 7 7 | |
| Wellington office furniture— | Cost at 31st March, 1908 95 5 2 |
| Depreciation | 4 15 3 |
| —————————— | |
| 90 9 11 | |
| Sundry debtors | 20,170 2 6 |
| Deposits, contracts account | 65 0 0 |
| Cash in hand and in the Public Account at 31st March, 1909 | 27,021 8 0 |
| Less vouchers outstanding | 8,974 9 5 |
| —————————— | |
| 18,046 18 7 | |
| —————————— | |
| £196,462 15 0 | £196,462 15 0 |
State Coal-mines Office, Wellington, 4th June, 1909.
LOUIS H. EILERS, Accountant.
P. HEYES, F.S.A.A.Eng., Inspecting Accountant.
Examined and found correct, subject to the following remarks:—
- The Sinking Fund shown as a liability has not been established by being set apart from the moneys of the State Coal-mines Account.
- There is no authority of law for the establishment of the Reserve Fund shown as a liability.
J. K. WARBURTON, Controller and Auditor-General. 7/9/9.
The explanation in reply to the foregoing tag is as follows:—
- The Sinking Fund is as truly established by a transfer from Profit and Loss Account as if the actual “moneys” had been paid or “set apart.”
- Whilst there is no authority of law to compel the establishment of a Reserve Fund, there is no law prohibiting the foundation of such a desirable fund to provide against the possibility of losses which may occur at some future time.
P. HEYES, F.S.A.A.Eng., Inspecting Accountant.
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NZ Gazette 1909, No 94
✨ LLM interpretation of page content
🌾 New Zealand State Coal-Mines Balance Sheet
🌾 Primary Industries & Resources4 June 1909
Coal mines, Balance sheet, Liabilities, Assets, Depots, Furniture, Debtors, Cash, Sinking fund, Reserve fund
- Louis H. Eilers, Accountant
- P. Heyes, F.S.A.A.Eng., Inspecting Accountant
- J. K. Warburton, Controller and Auditor-General