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Balance-sheet as at the 31st March, 1939. Liabilities. Assets. Capital— £ s. d. £ s. d. Land, building, and improve- £ s. d. £ a. d. Funds provided by public sub- ments — seriptions and accumulated Land .. .. .. 30,000 0 0 interest .. .. .. 100,408 1.1 6 Buildings .. .. .. 196,099 16 10 Funds provided by New Zea- Approach steps and terraces.. 4,300 0 0 land Government.. .. 127,650 0 0 Ground improvements .. 6,084 13 4 Value of land, exhibits, fur- ———— ■ 235,484 10 2 nishings, and equipment Exhibits— taken over .. .. 108,011 12 6 Museum .. .. .. 50,121 12 7 336,070 6 0 Art Gallery .. .. 27,000 0 0 Centennial Art Exhibition Loan ——_ 77,121 12 7 Account— Furnishings and equipment—■ New Zealand Government . . 245 7 6 Cinematograph equipment .. 679 1 6 Private lenders .. .. 1,000 0 0 Furnishings .. .. 18,247 3 3 1,245 7 6 Library .. .. .. 625 611 Sundry creditors .. .. .. 205 I 3 Mechanical appliances .. 173 18 8 Special reserves —• .. .. Photographic apparatus .. 296 7 7 Centennial Art Exhitition Tea-rooms equipment .. 662 13 9 Reserve .. .. .. 610 5 0 Tools .. .. .. 138 4 9 Educational Purposes Reserve 700 0 0 20,822 16 5 Picture Purchase Reserve .. 162 11 3 Publications (stock) . . .. . . . . 10 14 9 Ropairs, Renewals, and Exten- Sundry debtors .. .. .. .. 41 10 9 sions Eeserve .. .. 1,750 0 0 Investment with Public Trustee .. .. 568 19 11 ——— 3,222 16 3 Exhibition of plate, deposit against expenses of.. 12 9 2 Accumulated surplus— Centennial Art Exhibition: Preliminary expenses 577 14 7 Amount brought forward .. 330 15 8 £ s. d. Surplus, current year .. 173 17 11 Cash in hand .. .. .. 9 15 504 13 7 Cash at bank, less unpresented cheques .. .. .. 6,598 14 10 •-— — 6,607 16 3 £341,248 4 7 £341,248 4 7 J. It. Deal, Treasurer. The Audit Office, having examined the Balance-sheet and accompanying Accounts required hv law to be Audited, hereby certifies them to be correct subject to the following exception: The borrowing of moneys, otherwise than on overdraft as authorized by section 7, National Art Gallery and Dominion Museum Amendment Act, 1936, is without authority of law. -J. H. Fowler. Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given; printing (770 copies, including illustrations), £22 10s

Authority: E. V. Paul, Government Printer, Wellington. —1939,

Price 6d.]

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