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HOUSING ACCOUNT —continued Profit and Loss Account foe the Year ended 31st March, 1945 Dr. £ Gr. Administration of Termites Act, 1940.. .. .. 590 Balance, Ist April, 1944 .. .. .. .. Borer-treatment investigation .. .. .. 95 Profit for the year (see combined Revenue and Expendi-Pre-treatment of timber .. .. .. .. 296 ture Account) .. .. .. .. Balance, 31st March, 1945 .. .. .. .. 64,821 £65,802 £i Balance-sheet as at 31st March, 1945 Liabilities £ Assets £ Loan liability .. .. .. .. .. 22,443,297 Principal owing under agreements for Sundry creditors —• £ sale and purchase.. .. .. 89,307 Tenancy deposits .. .. .. 17,556 Advances under —■ Rent paid in advance.. .. .. 13,124 Part 111, Housing Aot, 1919 (loans to Departmental .. .. .. 44,376 employers) .. .. .. 6,693 Miscellaneous .. .. .. 35,384 Part V, Housing Act, 1919 (local 110,440 authorities : Urban housing) .. 44 3,957 Insurance Reserve .. .. .. .. 381,500 Rural Housing Act, 1939 .. .. 144,719 Reserves : Rented properties (new), (rates, maintenance, bad debts, and vacant tenancies) .. .. 1,106,792 689,676 Profit and Loss Account.. .. .. .. 64,821 Instalments of principal overdue .. 4,219 Interest receivable — Overdue .. .. .. 2,370 Accrued .. .. .. 2,429 Recoverable expenditure .. .. 101 698,795 Less amount in hand unallocated .. 3,850 65 Rented properties (old) .. .. 709,386 Less Depreciation Reserve .. 97,286 61 Rented properties (new) .. .. 23,595,985 Less Depreciation Reserve.. .. 864,828 22, Tc Rent receivable— Overdue .. .. .. 19,866 Postponed .. .. .. 214 Accrued .. .. .. 11,732 Sundry debtors .. .. .. .. £ Writings-off Suspense .. .» £24,106,850 " £24,1 C Note.—Dwellings under construction and vacant land are under the control of the Public Works Department, and all expen in connection therewith is included in the accounts of that Department. W. G. Dent, 8.C0m., A.R.A.N.Z., for Chief Accountant. A. D. Park, F.1.A.N.Z., F.R.A.N.Z. 1™ . tv , ■ T. N. Smallwood Managing Directors I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and com] with the books and documents submitted for audit, and correctly state the position as disclosed thereby, subje the above departmental note. —J. P. Rutherford, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (655 copies), £18.

By Authority: E. V. Paul, Government Printer, Wellington. —1945.

Price 6d.]

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