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KING GEORGE THE FIFTH MEMORIAL FUND. Receipts and Payments Account for the Period 14th September, 1938, to 31st March, 1940. Receipts. £ s. d. Payments. £ s. d. Amount of the Fund at 14th September, 1938 Purchase of inscribed stock .. .. .. 179,620 0 0 (vide King George the Fifth Memorial Fund Purchase of property " Glenelg" .. .. 6,500 0 0 Act, 1938) .. ... .. .. 177,03 a W 6 Expenses of" Glenelg" .. .. .. 253 18 1 1 )onations .. .. .. .. .. 850 Payment to Consolidated Fund of advance to Interest on investments .. .. .. 9,548 7 8 Wellington Children's Health Camp Association 6,300 0 0 Sale of investments .. .. .. .. 11,000 0 0 Grants— Otaki Health Camp — £ s. d. Equipment and furnishings .. 750 0 0 Fire-fighting equipment .. 500 0 0 Wanganui Health Camp Equipment and furnishings .. 1,500 0 0 Waikato Hoalth Camp : Purchase of lockers .. .. .. 216 16 0 2,966 16 0 Balance held by the Treasury .. .. 2,551 9 1 £198,192 3 2 £198,192 3 2

Income and Expenditure Account for the Period 14th September, 1938, to 31st March, 1940. Expenditure. £ s. ft. Income. £ s. d. Maintenance of" Glenelg" property .. .. 253 18 1 Interest on investments .. .» .. 11,234 8 9 Repayment to Consolidated Fund of advance to Donations .. .. .. .. .. 850 Wellington Children's Health Camp Association 6,300 0 0 Grants — Otaki Health Camp— £ s. d. Equipment and furnishings .. 750 0 0 Fire-fighting equipment .. 500 0 0 Wanganui Health Camp : Equipment and furnishings .. 1,500 0 0 Waikato Health Camp : Purchase of lockers .. .. .. 216 16 0 2,066 16 0 Excess of income over expenditure .. .. 1,721 19 8 £11,242 13 9 £11,242 13 9 Balance-sheet as at 31st March, 1940. Liabilities. Assets. £ s. d. £ s. d. Si ». d. Cash held in Treasury .. .. 2,551 9 1 Accumulated Fund .. .. 177,635 10 6 Interest accrued .. .. .. .. 1,686 1 1 Add excess of income over Inscribed stock .. .. .. .. 168,620 0 0 expenditure .. .. 1,721 19 8 Land and buildings .. .. .. .. 6,500 0 0 179,557 10 2 £179,357 10 2 £179,357 10 2 H. T. Armstrong, Chairman. E. A. Dobbie, Secretary. I hereby certify that the Receipts and Payments Account, Income and Expenditure Account, 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.—Cyril G. Collins, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (550 copies), £2 ss.

Authority: E. V. Paul, Government Printer, Wellington. —1940.

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