Balance-sheet of the New Zealand State Coal-mines.

Mines Department, Wellington, 17th September, 1913.

THE following balance-sheet of the New Zealand State Coal-mines for the year ending 31st March, 1913 is published in accordance with the requirements of subsection (4) of section 118 of the Coal-mines Act, 1908.

W. FRASER,
Minister of Mines.

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

Statement of Liabilities and Assets at 31st March, 1913.

Liabilities. £ s. d. £ s. d.
Debenture loan 175,000 0 0
Loan under Appropriation Act, 1912, instalment 34,404 0 0 209,404 0 0
Accrued interest 3,229 7 10
Debenture sinking fund 13,200 0 0
Reserve for bad debts 150 0 0
Sundry creditors 18,960 5 5 35,539 13 3
Reserve fund 10,226 8 6
Less: To General Profit and Loss 4,341 17 4 5,884 11 2

General Profit and Loss Account—
Balance of profit at 31st March, 1912 50,648 11 1
Reserve fund: Amount transferred 4,341 17 4
£ s. d.
Less: Special depreciation 45,000 18 4
Loss for year 9,989 10 1 54,990 8 5

Assets. £ s. d. £ s. d. £ s. d.
Point Elizabeth Colliery No. 1 and Development Property Account—
Cost at 31st March, 1912 19,177 5 8
Additional outlay during the year 1,765 2 1
20,942 7 9
Special depreciation 20,942 7 9

Machinery, plant, ropes, and rolling-stock—
Cost at 31st March, 1912 34,383 7 0
Additional outlay during the year 3,726 15 5 38,110 2 5
Special depreciation 4,057 12 3
Depreciation (annual) 8,807 10 0 12,865 2 3
25,245 0 2

Buildings at mine—
Cost at 31st March, 1912 2,673 16 5
Additional outlay during the year 150 0 0
2,823 16 5
Depreciation (annual) 475 1 10 2,348 14 7

Cottages—
Cost at 31st March, 1912 2,536 12 1
Depreciation (annual) 340 11 3 2,196 0 10

Stores (stock on hand) 1,788 2 7
Timber (stock on hand) 21 11 2
Coal (stock on hand at mine and wharf) 204 1 0
Coal (stock on hand, afloat) 1,672 5 1 3,685 19 10

Point Elizabeth Colliery No. 2 and Development Property Account—
Cost at 31st March, 1912 65,019 2 8
Additional outlay during the year 21,676 16 8 86,695 19 4

Machinery, plant, and rolling-stock—
Cost at 31st March, 1912 23,815 4 10
Additional outlay during the year 15,938 8 4 39,753 13 2

Buildings at mine—
Cost at 31st March, 1912 1,126 19 8
Additional outlay during the year 396 16 4 1,523 16 0

Cottages at mine 175 4 11
161,624 8 10