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CANTEEN BOARD—continued Profit and Loss Appropriation Account for the Year Ended 31st March, 1948 Dr. £ s. d. Gr. £ s. d. Distribution of profits to defence Balance brought forward .. 918,365 12 11 services .. .. .. 15,365 11 11 Net profit from Profit and Loss Balance forward to next year .. 928,356 17 9 Account .. .. .. 25,356 16 9 £943,722 9 8 £943,722 9 8 Balance-sheet as at 31st March, 1948 Liabilities £ s. d. Assets £ s. deSundry creditors .. .. 28,364 16 5 Plant, equipment, furniture, and Profit and Loss Appropriation fittings, less depreciation .. 1,230 1 2 Account .. .. .. 928,356 17 9 Stock on hand and in transit .. 60,694 7 0 Sundry debtors .. .. 30,655 9 3 Investments : New Zealand Government stock .. .. 708,868 1 7" Cash at bank, in hand, and in transit .. .. .. 150,713 6 4 Interest accrued .. .. 4,560 8 10" £956,721 14 2 £956,721 14 2 A. Gr. Hedgman, Secretary. I hereby certify that the Trading Account, Profit and Loss Account, Appropriation Account, and the Balance-sheet have been duly 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.

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