B—l3

HOUSING ACCOUNT— continued Profit and Loss Account for the Year Ended 31st March, 1950 £ Cr. £ Balance, Ist April, 1949 .. .. .. .. 220,595 , Balance, 31st March, 1950 .. 419 861 Administration of Termites Act, 1940 .. .. .. 579 | Borer-treatment investigation .. . . . . . . 171 Pre-treatment of timber .. . . . . , 597 Loss for year (see combined Revenue and Expenditure Account) 197, 919 £419,861 £419,861 Balance-sheet as at 31st March, 1950 Liabilities £ Assets £ £ Loan liability.. .. .. .. .. .. 50,850,952 Principal owing under agreements for sale and Sundry creditors— £ purchase .. . . . . . . 82 060 Tenancy deposits .. .. .. ..32,038 Advances underState Advances Corporation of New Zealand .. 242, 407 Part 111, Housing Act, 1919 (loans to employers) 58,421 Departmental .. .. .. .. 1,293 Part V, Housing Act, 1919 (local authorities: Miscellaneous .. .. .. .. 15,086 Urban housing) .. .. .. .. 988,726 ——— 290,824 | Rural Housing Act, 1939 .. .. .. 127'638 ' 1,256,845

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