H—4s

STORE FUND— continued Balance-sheet as at 31st March, 1950 1948-49. 1948-49. £ Liabilities £ £ £ Assets , £ £ 7,483 Creditors .. .. .. .. .. 115 Cash at Bank of New Zealand: Head Office accounts .. 7,271 10,132 Reserves— Debtors .. .. .. .. .. .. 3,174 1,873 Depreciation— Fixed— £ As per Balance-sheet, 31st March, Office furniture and fittings— 1949 .. .. .. 1,724 As per Balance-sheet, 31st March, 1949 .. 239 175 1,457 Depreciation to 31st March, 1948 .. Add depreciation to 31st March, 1948 .. .. 86 Adjustments : Sales, &c., during Purchases during year . . .. 2 7 year .. .. .. 34 Transferred from National Administration Fund: Office furniture and fittings .. 1 1,690 Add depreciation for year— 242 268 42 Office furniture and fittings.. 36 Sales during year .. . . .. 3 29 225 Store plant .. .. 482 239 2,208 On hand at cost . . . . . . .. 239 1,724 Store plant— Store plant purchase— As per Balance-sheet, 31st March, 1949 .. 4,815 3,397 3,500 As per Balance-sheet, 31st March, Add depreciation to 31st March, 1948 .. .. 1,370 1949 .. . . 5,000 Purchases during year . . .. 4 48 1,500 Appropriated for year .. .. 2,000 " 7,000 4,819 4,815 . 5,000 9,208 Adjustments during year (writings-off, &c.) 31 4,788 6,724 On hand at cost .. .. .. .. .. 4,815 Accumulated Fund— 722 Asper Balance-sheet, 31stMarch, 1949 .. 2,852 2,130 Balance brought in for year .. .. 3,297 ' 6,149 2,852 £17,059 £15,472 £15,472 £17,059 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 Store 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.

92