MINISTRY OF AGRICULTURE AND FISHERIES. CONWAY MUSSEL CLEANSING. TRADING AND PROFIT AND LOSS ACCOUNT FOR THE (EIGHTH) YEAR ENDED 31 AUGUST 1926 To Parochial Rates 24 3 6 By Gross Profit brought down 210 3 6 ... ... Rent of Tanks chargeable to Oyster Breeding and Purification 5 33 2 7 Net loss, transferred to Balance Sheet 57 11 8 66 37 5 2 Interest on Net Exchequer Issues (b) 232 18 8 ... Less one-third of interest on capital charged to Oyster Experiments 91 15 8 141 3 (a) Headquarters Administrative Expenses consist of proportions of salary of Higher Grade Clerk £5, District Inspector and Clerical Assistant £5, other Staff £15, and incidentals £12. (b) Interest on advances has been calculated (i) on fixed capital at minimum Local Loans rates in force when the expenditure was incurred and (ii) on working capital at average Bank rate during the year of account. (c) Estimated premium to cover Workmen's Compensation and loss of buildings, furniture, etc., by fire. (a) At Cost less annual depreciation as follows:-Tanks 1 per cent., Engine House, etc., 3 per cent., Gas Engine and Pump 7 per cent., Shed and Improvements 10 per cent., Furniture, Grids, and Apparatus 10 per cent., Loose Tools and Sacks 10 per cent. F. L. C. Floud, 17 February 1927. Accounting Officer. I have examined the above Account and Balance Sheet in accordance with the provisions of the Exchequer and Audit Departments Act, 1921. I have obtained all the information and explanations that I have required, and I certify, as the result of my audit, that in my opinion this Account and Balance Sheet are properly drawn up so as to exhibit a true and correct view of the transactions and state of affairs of the undertaking. Malcolm G. Ramsay, Comptroller and Auditor General. MINISTRY OF AGRICULTURE AND FISHERIES. CONWAY MUSSEL CLEANSING. TRADING AND PROFIT AND LOSS ACCOUNT FOR THE (NINTH) SEASON ENDED 31 MARCH 1927. £ s. d. £ 8. d. To Working Expenses : Salary and expenses of Tank Superintendents ... 7207 205 16 Wages 79 1 Repairs to tanks 21 9. 10 36 18 Miscellaneous stores and chemicals : 44 8 1 By Fees for cleansing of mussels at 1/6 per bag ... : 99 7 52 13 3 ... Depreciation Less proportion of depreciation chargeable to Oyster Experiments 54 9 7 Rent of Tanks chargeable to Oyster Breeding and Purification 2 18 4 18 3 2 36 6 5 (a) Headquarters administrative expenses are charged at following rates per annum; proportions of salary of Higher Grade Clerk £5, District Inspector and Clerical Assistant £5, other staff £15, and incidentals £12. (b) Interest on advances has been calculated (i) on fixed capital at minimum Local Loans rates in force when the expenditure was incurred and (ii) on working capital at average Bank rate during the year of account. (c) Estimated premium to cover Workmen's Compensation, loss of buildings, furniture, etc., by fire, and marine fire and third party risks on motor boat. (a) At Cost less annual depreciation as follows:-Tanks 1 per cent., Engine House, etc. 3 per cent., Gas Engine and Pump, 7 per cent., Shed and Improvements 10 per cent., Furniture, Grids, and Apparatus 10 per cent., Loose Tools 10 per cent., plus breakages. Annual depreciation of Motor Boat for future accounts will be 10 per cent. 26 October 1927. Charles J. H. Thomas, Accounting Officer. I have examined the above Account and Balance Sheet in accordance with the provisions of the Exchequer and Audit Departments Act, 1921. I have obtained all the information and explanations that I have required, and I certify, as the result of my audit, that in my opinion this Account and Balance Sheet are properly drawn up so as to exhibit a true and correct view of the transactions and state of affairs of the undertaking. Malcolm G. Ramsay, |