B.—l [PT. IV]

STATE FOREST SERVICE UTILIZATION BRANCH, ROTORUA Working Accounts foe the Year ended 31st March, 1942 Waipa Sawmill Dr. £ Cr. £ Stocks, Ist April, 1941 .. .. .. .. 12,236 Sales .. .. .. .. .. .. 44,347 Logging, milling, kiln-drying, purchases, &c. .. .. 74,342 Issues to boxmill, &c. .. .. .. .. 28,534 Balance, to Profit and Loss Account .. .. .. 4,259 Stocks, 31st March, 1942 .. .. .. .. 17,956 £90,837 £90,837 Waipa Boxmill Dr. £ Or. £ Stooks, Ist April, 1941 .. .. .. 610 Sales of box-shooks.. .. .. .. .. 40,374 Wages, stores, timber, maintenance, &c. .. .. 40,065 Stock, 31st March,l942 .. .. .. .. 1,444 Balance, to Profit and Loss Account .. .. .. 1,143 £41,818 £41,818 Waipa Creosote Plant Dr. £ Or. £ Stocks, Ist April, 1941 .. •• •• •• 12,999 Sales .. .. .. . . .. .. 21,384 Wages, creosote, timber purchases, &c. .. .. 23,422 Stocks, 31st March, 1942 .. .. .. ..15,257 Balance, to Profit and Loss Account .. .. .. 220 £36,641 £36,641 Balance-sheet as at 31st March, 1942 Liabilities £ Assets £ Sundry creditors .. .. .. .. •• 11,834 Plant (at cost, less depreciation and reserves) .. .. 98,150 Head Office .. .. •• •• 372,784 Buildings and construction units (at cost, less depreciation) 127,567 £ Departmental property and stores .. .. .. 24,468 Main Balance-sheet figure .. .. .. 381,275 Stocks .. .. .. .. .. .. 34,657 Less South Island plants .. .. .. 28,470 Sundry debtors .. .. .. .. .. 31,447 Establishment account and miscellaneous .. .. 32,114 352,805 Appropriation Account .. .. .. .. 36,215 Plus amounts in suspense between Head Office and Utilization Branch .. .. .. 19,979 372,784 £384,618 £384,618 Profit and Loss Account for the Year ended 31st March, 1942 Dr. ' £ Cr. £ Profit and Loss Appropriation Account .. .. 7,408 Sawmill Working Account .. .. .. ~ 4,259 Boxmill Working Account .. .. .. .. . 1,143 Creosote Working Account .. .. .. .. 220 Round timber and miscellaneous .. .. .. 1,786 £7,408 £7,408 Appropriation Account Dr. Or. ' £ Balance £ £ Profit and Loss Account .. .. .. .. 7,408 General Account .. .. .. 17,301 Balance .. .. .. .. .. .. 36,215 Interest to Ist April, 1941 .. .. 10,586 27,887 Interest for year 1941-42 .. .. .. •• 14,865 Loss on Waiotapu Portable Mill .. .. y- 871 £43,623 £43,623

26