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' STOttfc FUND— Continued Balance-sheet as at 31st March, 1949 i 947-48. 1947-48- £ Liabilities £ £ £ Assets £ £ .5,938 Creditors .. .. .. .. .. 7,483 Cash at Bank of New Zealand: Head Office accounts .. 10,132 5,104 Reserves— Debtors .. .. .. .. .. 1,873 1,484 Depreciation— Fixed— To 31st March, 1948 .. .. 1,457 Office furniture and fittings—- £ £ Add depreciation for year— As per Balance-sheet, 31st March, 1948 175 236 Office furniture and fittings ..42 [ Add depreciation to 31st March, 1948 . . 86 Store plant .. .. .. 225 Purchases during year .. .. 7 1,724 268 Store plant purchase— 236 1,500 Asper Balance-sheet, 31st March, 1948 3,500 Adjustment: plant (sales, 1946-47) .. 18 2,000 Appropriated for year .. .. 1,500 Sales during year .. .. ..29 5,000 Depreciation for year .. .. 29 43 3,500 6,724 . Accumulated funds— On hand at cost .. .. 239 175 346 As per Balance-sheet, 31st March, 1948 722 Store plant—--376 Balance brought in for year .. 2,130 As per Balance-sheet, 31st March, 1948 .. 3,397 2,317 2,852 Add depreciation to 31st March, 1948 1,370 722 Adjustment: office furniture and fittings 18 Purchases during year .. .. 48 2,512 4,815 4,847 Sales during year . . .. .. . . 850 Depreciation for year .. .; .. 600 On hand at cost .. .. .. .. 4,815 3,397 £10,160 £17,059 £17,059 £10,160 A. E. Bockett, 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 Stores 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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