B.—l [FT. IV]

STATE FOREST SERVICE UTILIZATION BRANCH, ROTORUA Working Accounts for the Year ended 31st March, 1944 Waipa Creosote Plant Dr. £ tV. £ Stocks, Ist April, 1943 .. .. . • ■ • 17,540 Sales .. .. .. .. •• •• 12,151 Wages, creosote, timber purchases, &c. .. .. 17,232 Stocks, 31st March, 1944 .. .. .. •• 23,708 Balance to Profit and Loss Account .. .. .. 1,147 £35,919 £35,919 Waipa Sawmill and Box-factory Dr. £ G r - ®, Stocks, Ist April, 1943 .. .. •• •• 26,901 Sales .. .. .. •• •• •• 244,631 Milling, kiln-drying, maintenance, &c. .. . • 223,649 Stocks, 31st March, 1944 .. .. .. 33,493 Balance to Profit and Loss Account .. .. .. 27,574 £278,124 £278,124 Profit and Loss Account for the Year ended 31st March, 1944 Dr. £Cr. £ Profit and Loss Appropriation Account .. .. 28,721 Sawmill and Box-factory Working Account .. .. 27,574 Creosote Working Account .. .. • • • • 1,147 £28,721 £28,721 Appropriation Account Dr, Or. £ Balance £ £ Profit and Loss Account .. .. .. .. 28,721 Interest to Ist April, 1943 .. •• 39,574 Reserve on motor-vehicles transferred to Rotorua ConLess General Account .. .. .. 6,161 servaney office .. .. .. . ■ ■■ MM ■ 33,413 Balance .. .. .. .. •• 17,825 Interest for year 1943-44 .. •• •• 14,633 £48,046 £48,046 Balance-sheet as at 31st March, 1944 Liabilities £ Assets £ Sundry creditors .. .. .. 5,706 Plant (at cost, loss depreciation and reserves) .. 96,573 Fire insurance reserve .. •• •• 2,405 Buildings and construction units (at cost, less depreciation) 137,030 Head Office .. .. .. •• •• 393,238 Departmental property and stores .. .. .. 29,782 £ Stocks .. .. .. .. •• •• 57,261 Main Balance-sheet figure .. .. 392,428 Sundry debtors .. .. .. .. .. 33,555 Less .South Island utilization plants .. 24,574 Establishment Account and miscellaneous .. .. 29,386 Appropriation Account .. .. .. •• 17,825 367,854 *Plus debtors .. .. .. •• 33,555 401,409 *Minus creditors .. .. •• 5,766 395,643 *Minus fire insurance reserve .. .. 2,405 £393,238 £101,409 £401,409 * Incorporated in main Balance-sheet.

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