H—4s

BUILDINGS FUND— continued Balance-sheet as at 31st March, 1946 Liabilities £ Assets £ Creditors .. .. .. .. .. .. 465 Cash at Bank of New Zealand : Head Office Account .. .. 15,672 Reserves: Buildings— £ £ Fixed— As per Balance-sheet, 31st March, 1945 .. .. 30,000 Buildings— £ £ Appropriated for year— As per Balance-sheet, 31st March, 1945 .. 9,981 Co-operative Contracts Fund .. .. 5,000 Less works in progress .. .. 406 National Pay Office Fund .. .. 5,000 9,575 —— 10,000 Additions during year .. .. .. 112 40,000 Works in progress .. .. .. 14,789 Accumulated funds (Repairs and Maintenance Account)— 14,901 As per Balance-sheet, 31st March, 1945 .. .. 93 Balance brought in for year .. .... 134 24,476 227 Sales during year .. .. .. 40 Depreciation for year .. .. .. 340 3BO 24,096 Land— As per Balance-sheet, 31st March, 1945 .. .. .. 924 £40,692 £40,692 A. E. Bockett, Secretary. A. G. Davidson, Accountant. I hereby certify that the Revenue Account and the Balance-sheet relating to the Buildings Fund have been duly examined and compared with the books and supporting documents, and correctly state the position as disclosed thereby. The audit of the records of disbursements through the central pay offices was carried out by auditors appointed for the purpose by the Audit Office in terms of Regulation 16 (5) of the Waterfront Control Commission Emergency Regulations 1940.— J. P. Rutherford, Controller and Auditor-General.

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