H—2

REVENUE AND EXPENDITURE The following is a table of revenue and expenditure over two consecutive years to the end of the year in review:— 1944-45. 1945-46. £ £ Expenditure .. .. .. 249,485 277,396 Less revenue and credits-in-aid .. 207,841 227,643 Excess of expenditure over revenue .. .. 41,644 49,753 Development of tourist resorts .. 38,550 31,125 Total net expenditure .. £80,194 £80,878

APPENDIX HIGH ASCENTS IN THE MOUNT COOK DISTRICT DURING THE 1945-46 CLIMBING SEASON

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Peak. Party. Guide. Elie de Beaumont H. Ayres and S. Bodger. Minarets J. Reeve S. Bodger. Minarets Miss E. Pilbrow and Miss J. Muirhead S. Bodger. Minarets Mrs. Drew, Miss McAuley, and Dr. F. M. Bowie. Smith De la Beche Miss E. Pilbrow and Miss J. Muirhead S. Bodger. De la Beche Miss McAuley, Mrs. Drew, and Dr. F. M. Bowie. Smith Aiguilles Rouge Miss E. Pilbrow and Miss J. Muirhead S. Bodger. Aiguilles Rouge Miss McAuley and Dr. F. Smith M. Bowie. Hamilton Dr. F. Smith M. Bowie. Malte Brun Miss McAuley M. Bowie Hamilton S. Brockett M. Bowie. Malte Brun S. Brockett M. Bowie. Annan S. Brockett M. Bowie. Traverse of Madonna, Du S. Brockett D. Webster. Faur and Cadogan Silberhorn Miss P. McMahon and D. Mackenzie .. H. Ayres. Tasman Miss P. McMahon and D. Mackenzie .. H. Ayres. Tasman J. Ede H. Ayres. Silberhorn J. Ede H. Ayres. Dixon Miss P. McMahon and D. Mackenzie .. H. Ayres.