H—4s

Balance-sheet as at 31st March, 1950 1948-49. 1948-49- £ Liabilities £ Assets £ £ 4,458 Creditors .. .. .. .. .. 1,221 Cash at Bank of New Zealand : Head Office Accounts . . 31,673 16,561 Reserves— Fixed— Buildings— £ Buildings— £ £ 65,000 As per Balance-sheet, 31st March, 1949 . . 75,000 As per Balance-sheet, 31st March, 10,000 Appropriated for year: National Admini- 1949 .. .. .. 68,300 44,817 —— stration Fund .. .. .. 20,000 Less works in progress at 31st 75,000 95,000 March, 1949 .. .. 22 13,176 Depreciation— As per Balance-sheet, 31st March, 1949 . . 3,686 68,278 31,641 2,061 Depreciation to 31st March, 1948 .. .. Add depreciation to 31st March, Adjustment: Sales, &c., during year .. 2 1948 .. .. .. 2,061 1,625 Depreciation for year . . . . 1,926 Additions during year . . . . 3,264 34,593 5,614 Works in progress at 31st March, 3,686 1950 .. . . .. 1,894 22 Accumulated funds (Repairs and Maintenance • 5,158 Account) : 1,550 As per Balance-sheet, 31st March, 1949 .. 2,642 73,436 68,317 1,091 Balance brought in for year .. .. 1,063 Transferred to National Adminis3,705 tration Fund : Office furniture 2,641 and fittings .. .. 82 Sales during year .. .... 18 B2 On hand at cost .. .. 73,354 68,299 Land— As per Balance-sheet, 31st March, 1949 (at cost) .. 925 925 Sales during year .. .. 374 Loss on sales .. 38 412 On hand at cost .. .. 513 925 £85,785 £105,540 £105,540 £85,785 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 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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