B.—l [PT. IV].

HOUSING ACCOUNT—continued. Factories and Plant Capital Account as at 31st March, 1939. lactones— £ s. d. £ s . d. £ s. d. | „ , Auckland .. 13,467 8 2 Balatire £ s " d ' Less depreciation 668 16 4 ••••••.... 44,931 18 4 12,798 11 10 Wellington .. 15,103 15 4 Less depreciation 750 3 9 14,353 11 7 „ 27,152 3 5 Plant— Auckland ..10,115 8 1 Less depreciation 1,011 10 10 9,103 17 3 Wellington .. 9,639 17 5 Less depreciation 963 19 9 8,675 17 8 17,779 14 11 £44,931 18 4 £44,931 18 4 „ . £ s. d. Balance .. .. .. .. .. 44,931 ig 4 Construction Branch : Construction Expenses Account as at 31st March, 1939. c ° ns * ruct i on 14,871 14 °3 Transfer to factories and plant— £ fcd- :: :: :: !;S3£ SSStrr** I—■-*1—■-* ■■ Audit fees .. .. .. .. ..1 000 0 0 iOi(,9t>o 8 5 Depreciation (furniture and motor-cars) .. '804 2 5 Light, heating, and cleaning .. .. . . 940 4 g Plans and schedules .. .. .. .. 15 512 411 Quantity surveying .. .. .. .. 12 11 Valuation fees .. . . .. .. 229 14 0 ( Postages and telegrams .. .. .. gg4 13 1 Printing and stationery . . .. 3 048 13 11 Office maintenance .. .. .. .. 649 9 7 Motor-vehicle maintenance .. .. .. 1,027 14 6 ent •• •• •• - • .. 3,'462 18 5 Salaries .. .. .. .. .. 90,820 4 3 Telephones .. .. .. .. # . 737 5 7 Travelling-expenses .. .. .. 7 oiO 8 3 Workers' compensation insurance .. .. 1,407 19 0 Administration costs payable to State Advances Corporation .. .. .. .. 12,447 12 10 Contingencies .. .. .. .. 575 13 0 £164,712 8 5 £164,712 8 5 £ s. d. " ~ Balance .. .. .. .. .. 163,966 8 5 t Revenue Account for Year ended 31st March, 1939. ,£ g d p '• 69 ' 590 10 Merest and rentals on investments 151 f 3 O Bdi £ S ' d Gross profit, transferred to Profit and Loss Account 13,501 2 5 Less reserves for depreciation, maintenance, rates, vacant tenancies, and insurance .. 84,563 15 7 T . . v , 67,166 12 9 Interest capitalized— *fnd •• 4,648 0 0 Dwellings in course of erection .. 10,665 0 0 Preliminary expenses .. .. 23 0 0 Factory and Plant Revenue Account .. .. 589 5 g £83 ' 091 18 3 £83,091 18 3

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