H.—3o.

PRIMARY PRODUCTS MARKETING DEPARTMENT- —continued. INTERNAL MARKETING DlVlSlON—continued. INVESTIGATIONAL AND ADMINISTRATIVE BRANCH, HEAD OFFICE, WELLlNGTON—continued. Balance-sheet as at 31st March, 1938. Liabilities. Assets. £ Internal Marketing Account (Reserve Bank of New £ Cash on hand . . . . . , .. .. 109 Zealand) .. .. .. .. .. 56,231 Sundry debtors— £ Sundry creditors — £ Departmental .. .. .. .. 1,564 Departmental .. .. .. .. 150 General .. .. .. .. 91,278 General .. .. .. .. 80,167 80,317 92,842 Local Pool Account (Honey).. .. .. .. 749 Less reserve for bad debts .. . . 150 Butter Equalization Account .. .. .. 48,412 92,692 Fruit Advertising Suspense Account .. .. .. 3,777 Export Pool Account (Honey) .. .. .. 8,727 Reserve for liability under Workers' Compensation Act.. 467 Egg Export Account .. .. .. .. 468 Reserve against liability for subsidy to Publio Service Stocks on hand .. .. .. . . 37,599 Superannuation Fund .. .. .. .. 200 Motor-cars, trucks, &c. .. .. .. .. 1,800 Writings off Reserve .. .. .. .. 23 Plant and machinery .. .. .. .. 5,016 Combined Profit and Loss Account — £ Loose tools .. .. .. .. .. 31 Profit, Thorndon Trading Branch (Wellington) 6,804 Furniture and fittings .. .. .. .. 640 Add profit, Butter Patting Depot (Auckland) 131 Mechanical office appliances .. .. .. .. 993 Libraries .. .. .. .. .. .. 21 6,935 Buildings .. .. .. .. .. .. 15,623 Deduct Head Office (Wellington) administra- Land .. .. .. .. .. .. 12,000 tive and investigational expenses not Goodwill .. .. .. .. .. .. 19,000 allocated to trading accounts .. .. 2,211 Expenses paid in advance .. .. .. .. 158 4,724 Bad debts in Suspense .. .. .. .. 23 £194,900 £194,900 Thore is a further liability in the Butter Equalization Account to pay 0-41 d. per pound and 0-21 d. per pound on butter and cheese respectively manufactured from milk or cream received at the factory stage between Ist August, 1937, and 31st July, 1938, inclusive, and not exported. (The amount due at the date of the Balance-sheet is approximately £71,128, and has now been paid.) F. Picot, Director. P. F. Shirley, 8.C0m., Acting Accountant. I hereby certify that the Wellington Trading Branch Trading and Profit and Loss Accounts, the Butter Equalization Account, the Egg Export Account, the Honey Section Local and Export Pool Accounts, the Head Office Income and Expenditure Account, and the Balance-sheet as at 31st March, 1938, have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the departmental notes enfaced thereon. —J. H. Fowler, Controller and Auditor-General.

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