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MARKETING DEPARTMENT (EXPORT DIVISION) Balance-sheet as at 31st July, 1947 Liabilities & Assets Cash— £ £ Sundry creditors for accrued charges and sundry credit balances .. 5,910,801 Held in London .. .. .. .. .. 568 Farm products stabilization accounts— £ Reserve Bank of New Zealand— Dairy Industry Stabilization Account .. .. .. 8,907,459 Dairy Industry Account .. .. .. .. 1,046,048 Meat Industry Stabilization Account .. .. .. 7,059,968 Sundry Products Account .. .. .. .. 931,197 Bobby Calf Stabilization Account .. .. .. 423,684 16,391,111 1,977,813 Meat Pool Account .. .. .. .. .. .. 11,162,172 Less Meat Industry Account .. .. .. 179,455 Bobby Calf Pool Account .. .. .. .. .. 387,896 1,798,358 Net surpluses on administration allowances— Sundry debtors for produce and amounts accrued due .. .. 1,378,673 Meat Account .. .. .. .. .. 26,919 . Stocks .. .. .. .. .. .. .. 9,437,580 Tallow Account .. .. .. .. .. 3,546 Investments in Treasury bills and Government stock .. .. 21,200,000 War Office Contracts Account .. .. .. 150 Office and departmental equipment .. .. .. .. 9,003 30,615 Advances to Milk Marketing Division .. .. .. .. 58,981 £33,882,595 £33,882,595 1 ===== G. M. POTTINGER, Acting-Director. W. J. Pratley, Accountant. I hereby certify that the several Purchase and Sale and Revenue Accounts, Administration and General Expenses Accounts, together with the Balance-sheet as at 31st July, 1947, have been examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— J. P. Rutherford, Controller and Auditor-General.

Approximate Cost of Printing.—Preparation, not given; printing (1,408 copies), £166.

By Authority: E, Y, Paul, Government Printer, Wellington.— 1948. Price Is. 3d.

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