B. —1 [FT. IV], SUP. TO 1938.

AIR DEPARTMENT —continued. ROYAL NEW ZEALAND AIR FORCE —continued. Balance-sheet as at 31st March, 1938. Liabilities. Assets. £ S. d. Capital Account — £ s. d. £ s. d. Land. .. .. •• •• •• 72,723 11 9 Public Works Fund . . 154,623 19 6 Buildings, including development work on Air Consolidated Fund .. .. 440,115 14 6 Force aerodromes .. .. .. •• 334,216 1.6 0 600,739 14 0 Air and marine craft, motor-vehicles, plant and Value of «ift assets .. .. .. 17,330 0 0 machinery, equipment, and stores .. .. 205,088 9 4 Furniture .. .. .. •• 4,836 9 3 618,069 14 0 Mechanical appliances .. .. . • 528 13 9 Creditors— Libraries .. .. .. •• 354 5. 6 Departmental .. .. 567 6 5 Stationery and publications .. .. • • 308 17 11 Sundry .. .. • • 4,022 730 Stamps .. .. .. • • ■ • 12 10 .6 — 4,589 .14 3 Rents accrued .. .. . , 56 16 1 Rents received in advance .. . . ■ ■ 22 3 0 Debtors— £ s. d. Writings-off, Suspense Account .. ■■ 8,695 2 4 Departmental .. .. 91 8 0 Treasury Adjustment Account .. . • 248,707 14 0 Sundry .. .. 829 15 6 Loans to aero clubs, excluding exchange .. 14,117 16 5 Assets in suspense . • • • 8,695 2 4 Excess of expenditure over income— £ s. d. Air Force Revenue Account.. 196,061 17 7 Civil Aviation Revenue Account .. .. . • 42,161 17 8 238,223 15 3 £880,084 7 7 £880,084 7 7 T. A. Babrow, Air Secretary. J. K. Deal, Accountant. I hereby certify that the Income and Expenditure Accounts and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Ft. IV].~— Cyril G. Collins, Deputy Controller and Auditor-General.

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