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Balance-sheet, 31st March, 1924. Liabilities. £ s. d. Assets. Road Development Account ... .. 1,000 0 0 Cash— £ s. d. £ s. d. Sundry creditors .. .. .. 424 19 3 Bank of New Zealand .. 491 4 6 Capital .. .. .. .. 7,734 18 1 Post Office Savings-bank .. 919 5 0 In transit .. .. 11 5 6 — 1,421 15 0 Erua milling-timber .. .. 5,490 18 6 Park buildings .. .. .. 1,517 11 9 Park equipment .. 154 19 1 Less depreciation .. 10 0 0 144 19 1 Horse. .. .. .. 14 0 0 Less depreciation .. 3 0 0 II 0 0 Sundry debtors— Park foes .. .. . . 512 6 Timber royalties .. .. 568 0 6 £9,159 17 4 £9,159 17 4 J. B. Thompson, Chairman, Tongariro National Park Board. J. H. O'Donnell, Hon. Treasurer, Tongariro National Park Board.

Approximate. Cost oi Paper. — I'reparatioi., not Riven : printing (62_ copies). £6 10s.

By Authority: W. A. G. Skinner, Government Printer, Wellington.—l 924.

Price 3d.}