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

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

Liabilities. Assets. £ s. d. £ s. d. £ s. d.
Christchurch Depot Property Account—
Cost at 31st March, 1912.. .. .. .. 5,282 7 1
Additions during the year .. .. .. 9 17 6

                                                                    5,292   4   7
Depreciation (annual)                                               ..    ..    ..      342   6  11
                                                                    ------------------
                                                                    4,949  17   8
Stocks on hand                                                      ..    ..    ..    1,292   4   2
                                                                    ------------------
                                                                                       6,242   1  10

Wanganui Depot Property Account—
Cost at 31st March, 1912 .. .. .. .. 1,477 13 8
Additional outlay during the year .. .. .. 30 0 0

                                                                    1,507  13   8
Depreciation (annual)                                               ..    ..    ..       94   0   7
                                                                    ------------------
                                                                    1,413  13   1
Stocks on hand                                                      ..    ..    ..    1,702   4  10
                                                                    ------------------
                                                                                       8,115  17  11

Dunedin Depot Property Account—
Cost at 31st March, 1912 .. .. .. 1,800 8 4
Special depreciation .. .. .. £400 0 0
Depreciation (annual) .. .. .. 100 7 10

                                                                      500   7  10
Stocks on hand                                                      ..    ..    ..    1,300   0   6
                                                                    ------------------
                                                                    1,565  16   6
                                                                                       2,865  17   0

Wellington Office Furniture Account—
Cost at 31st March, 1912 .. .. .. .. 77 7 5
Depreciation (annual) .. .. .. 8 14 8

                                                                      68  12   9
                                                                                      12,292   9   6

Sundry debtors .. .. .. 14,225 2 7
Suspense Account, Premiums, Deposits, &c. .. .. .. 212 14 6
14,437 17 1
Cash in hand and in Public Account at 31st March, 1913 .. .. .. 51,067 8 6
Less vouchers outstanding .. .. .. 5,505 17 8

                                                                                      45,561  10  10
                                                                    ==================

£250,828 4 5 £250,828 4 5
==================

Note.—With regard to the loss for the year, it must be stated that £10,130 has been written off to depreciation in excess of last year's amount, this being based on a 10-per-cent. gross capital expenditure as against 5 per cent. on a reduced capital.

State Coal-mines Office, Wellington, 31st May, 1913.
Louis H. Eilers, F.R.A., N.Z., Accountant.

Examined and found correct.
Robert J. Collins, Controller and Auditor-General.

W. Fraser,
Minister of Mines.