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PROFIT AND LOSS APPROPRIATION ACCOUNT. To Appropriations as under— £ s. d. £ s. d. £ a d Premises— By Balance brought forward .. .. .. .. .. .. 51,391 12 11 Head Office .. .. .. .. .. 8,027 00* Balance from Profit and Loss Account, being net profit for year {ended Masterton .. 2,100 0 0 31st March, 1918 '.... ' .. 68.602 17 11 Nelson .. .. .. .. .. 84 0 0 Wanganui .. .. .. .. .. 42 1 3 10,253 1 3 FVItKITURE, ETC.— Furniture and library .. .. .. .. 1,527 16 8 Office appliances .. .. .. .. 827 11 6 Motor cars and cycles .. .. .. .. 435 13 10 2,791 2 0 Bonus to estates .. .. .. .. .. .. 27 000 0 0 Investment Fluctuation Account .. .. .. .. 4 195 0 0 Assurance and Reserve Fund .. .. .. ... 24 391 12 11 Balance in hand .. .. .. .. .. gi ogo 1. o £119,994 10 10 £119,994 10 10 R. Trigos, Public Trustee. M. C. Barnett, Chief Accountant. * This amount is subject to an adjustment which could not be properly made during the year ended 31st March, 1918, owing to the condition of the work rendering it impossible to make an allocation on that date as between capital and maintenance. The adjustment will be made in the accounts for the year ending 31st March, 1919. No results are materially affected.

By Authority : Marcus F. Marks, Government Printer, Wellington.— 1918.

Approximate Cost of Paper. — Preparation, not given; printing (2.850 copies), £15.

Price 6d.)