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Profit and Loss Account for. the Year ended 31st March, 1926. £ s. d. £ sf. <1, £ s. d. To Salaries .. .. .. .. 165,603 2 0 By Commission and other income .. .. 282,386 410 Overtime .. .. .. .. 306 X 4 Service charges — Agents' commission .. 7,908 11 1 Services of High Commissioner 1,150 0 0 Services of General Post Office 608 13 6 9,667 4 7 Audit of books and accounts ~ .. 700 0 0. Maintenance of premises and plant— Repairs, insurances, (fee. .. .. 4,445 8 6 Rent .. .. .. .. 1,905 0 2 General charges— Advertising .. .. 4,396 12 11 JDunedin Exhibition display .. 897 18 8 Cleaning, lighting, heating, and power .. .. .. 3,893 14 1 Legal expenses .. .. 195 1 11 Rates .. .. . . 815 15 2 Miscellaneous payments . . 668 4 7 Postages and freight .. 3,404 6 6 Stamp duty on receipts arid cheques .. .. .. 682 11 7 Telephone subscriptions .. 1,333 8 9 Printing, stationery, and requisites .. .. .. 6,379 4 3 Travelling-expenses .. 5,463 5 2 Salaries and expenses of Farm Inspectors .. .. 3,446 0 11 Salaries of custodians and staff 5,789 16 9 37,366 1 3 Depreciation on office premises, furniture, plant, &c. .. .. 14,194 8 4 Retiring-allowances— Mr. C. Zachariah .. .. 382 10 0 Mr. T. D. Kendall .. .. 332 10 0 715 0 0 Balance, being net profit for year, transferred to Appropriation Account .. .. 47,483 17 11 £282,386 4 10 £282,386 4 10 J. W. Macdonald, Public Trustee. W. Barr, Chief Accountant. Profit and Loss Appropriation Account for the Year ended 31st March, 1926. £ s. d. £ s. <1. To Public Service Superannuation Fund— By Profit and Loss Account — Proportion of subsidy for year 1925-26 .. 4,367 18 3 Balance transferred .. .. .. 47,483 17 11 Reserve for Income-tax, 1926-27 .. . . 500 0 0 Profit on sale of office premises .. .. 44 13 3 General Legal Expenses Account .. .. 1,000 0 0 Balance transferred'to Investment Fluctuation Account .. .. .. .. 41,660 12 11 £47,528 11 2 £47,528 11 2 1 J. W. Macdonald, Public Trustee. W. Barr, Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. In the case of one mortgage a sum of £27 has been advanced in excess of the statutory limit. —G. F. C. Campbell, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given; printing (500 copies), £6.

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