H—4s

Balance-sheet as at 31st March, 1949 1947-48. 1947-48. £ Liabilities £ Assets .£ , £ 378 Creditors .. .. .. .. .. 4,458 Cash at Bank of New Zealand: Head Office accounts .. 16,561 21,186 Reserves— Fixed— Buildings:— £ Buildings— £ £ 50,000 As per Balance-sheet, 31st March, 1948 .. 65,000 As per Balance-sheet, 31st March, 15,000 Appropriated for year: National Admini- 1948 .. .. .. 44,817 32,565 stration Fund .. .. .. 10,000 Less works in progress at 31st 65,000 * 75,000 March, 1948 .. .. 13,176 210 Depreciation :- Depreciation to 31st March, 1948 .. 2,061 31,641 32,355 Depreciation for year .. .. 1,625 Add depreciation to 31st March, 3,686 1948 .. .. .. 2,061 Accumulated funds (Repairs and Maintanance Additions during year .. . . 34,593 154 Account)— Works in progress, 31st March, 794 As per Balance-sheet, 31st March, 1948 .. 1,550 1949 .. .. .. 22 756 Balance brought in for year .. .. 1,092 36,676 13,175 _ 2,641 1,550 68,317 45,684 Sales during year .. .... 18 Depreciation for year .. .. .. .. 867 On hand at cost .. .. .. 68,299 44,817 Land— As per Balance-sheet. 31st March, 1948 (at cost) .. 925 925 £66,928 £85,785 £85,785 £66,928 A. E. Boceett, General Manager. A. G. Davidson, F.R.A.N.Z., Secretary - 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.

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