H—4s

CO-OPERATIVE CONTRACTS FUND— continued Balance-sheet as at 31st March, 1946 Liabilities ££ £ Assets 1A . Profit distributions— Cash at Bank of New Zealand: Head Office accounts .. KM, Mi As per Balance-sheet, 31st March, 1945 .. 26,455 Debtors: contracts, &c. .. .. .. • • •• 134,532 Appropriated for year .. .. 187,598 Fixed: stevedoring gear— £ » 214,053 As per Balance-sheet, 31st March, 1945 .. 1,323 Payments during year .. ~ .. 180,978 Purchases during year .. .. •• 115 33,075 1.438 Deposits .. .. .. .. .. .. 136,807 Depreciation for year .. .. .. •• 221 Creditors .. .. .. .. .. .. 6,579 1,217 Reserves: stevedoring gear purchase, as per Balancesheet, 31st March, 1945 .. .. .. .. 35,000 Accumulated Funds— As per Balance-sheet, 31st March, 1945 .. .. 11,717 Balance brought in for year .. .. .. 16,815 28,532 £239,993 £239,993 A. E. Bockett, Secretary. A. G. Davidson, Accountant. I hereby certify that the Revenue Account and the Balance-sheet relating to the Co-operative Contracts 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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