B—l [Pt, IV!

Balance-sheet as at 31st March, 1948 Liabilities £ Assets Reserve for depreciation .. .. .. .. .. 59 Office— £ £ Sundry creditors .. .. .. .. .. .. 38 Eurniture .. .. .. .. .. 42 Balance, Income and Expenditure Account .. .. .. 7,284 Appliances .. .. .. .. .. 17 59 Tongariro Timber Owners Claim Account .. .. ... 2 , 000 Ngati-Tuwharetoa compensation claim : Principal .. .. 1,100 Barclay, G. .. .. .. .. .. ... 4 Sundry debtors for advances .. .. .. .. .. 2,110 1 National Savings .. .. .. .. .. .. 1,081 Liberty Bonds .. .. .. .. .. .. 250 Victory Bonds .. .. .. .. .. .. 100 • Bank of New Zealand .. .. .. .. .. 677 £7,3.81 £7,381 Werihe Te Tuirp, Chairman. P. Alfred Grace, Secretary. The Audit Office, having examined the Balance-sheet and accompanying accounts, required by law to be audited, hereby certifies them to be correct.— J. V. Kutherford, Controller and Auditor-General.

91