H—4s

Balance-sheet as at 31st March, 1950 1948-49. 1948-49. £ Liabilities £ £ £ Assets £ £ Profit distributions— Cash at Bank of New Zealand : Head Office accounts .. 1,459 1,084 157 As per Balance-sheet, 31st March, 1949 151 Debtors: Contracts, &c. .. . . .. .. 531 600 389 Appropriated for year .. . . 401 546 552 395 Payments during year .. .. 412 151 140 10 Creditors .. .. . . . . .. 8 Accumulated funds— 754 As per Balance-sheet, 31st March, 1949 .. 1,523 147 Less transfer back to Appropriation Account 916 Balance brought in for year .. .. 319 1,523 1,842 £1,684 £1,990 £1,990 £1,684 A. E. Bockett, General Manager. A. G. Davidson, F.R.A.N.Z., Secretary - Chief Accountant. I hereby certify that the Revenue Account and the Balance-sheet relating to the Supervision Fund have been duly examined and compared with the books and supporting documents, and correctly state the position as disclosed thereby. The audit of the records of disbursements through the central pay offices was carried by auditors appointed for the purpose by the Audit Office in terms of Regulation 15 (5) of the Waterfront Industry Emergency Regulations 194-6.— J. P. Rutherford, Controller and AuditorGeneral.

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