H—4s

BUILDINGS FUND—continued Balance-sheet as at 31st March, 1947 Liabilities £ Assets £ Creditors .. .. .. .. .. .. 754 Cash at Bank of New Zealand: Head Office Accounts .. .. 18,058 Reserves: Buildings—■ £ Fixed— As per Balance-sheet, 31st March, 1946 .. .. 40,000 Buildings— £ £ Appropriated for year— £ As per Balance-sheet, 31st March, 1.946 .. 24,096 Co-operative Contracts Fund .. .. 5,000 , Less works in progress .. .. 14,789 National Administration Fund .. .. 5,000 9,307 lO,OOO Additions during year . . .. .. 23,867 • 50,000 Works in progress .. .. .. 210 Accumulated Funds (Repairs and Maintenance Account)— 24,077 As per Balance-sheet, 31st March, 1946 .. .. 226 Balance brought in for year .. .. .. 567 33,384 - 793 Sales during year .. .. .. 91 Depreciation for year .. .. .. 728 Bl9 32,565 Land— As per Balance-sheet, 31st March, 1946 .. .. .. 924 £51,547 £51,547 A. E. Bockett, General Manager. A. G. Davidson, Chief Accountant. I hereby certify that the Revenue Account and 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.— J. P. Rutherford, Controller and Auditor-General.

74