B—9a

Profit and Loss Account for the Year ended 31st March, 1946 Dr. £ Cr. £ Salaries and general working expenses .. .. .. 434,439 Commission and other income (net) .. .. .. 486,781 Losses on realization of mortgages and reserve for anticipated losses .. .. .. .. . . .. 15,233 Depreciation on office premises, furniture, &c. .. .. 16,020 Taxes and reserve therefor .. .. .. 12,835 Balance, being net profit fat year, transferred to Appropriation Account .. .. .. .. .. .. 8,254 £486,781 £486,781 I Profit and Loss Appropriation Account for the Year ended 31st March, 1946 Dr. £ Cr. £ Investment Fluctuation Account .. .. .. .. 4,300 Profit and Loss Account: Balance transferred .. .. 8,254 Balance .. .. .. .. .. .. 4,127 Profit on sale of investments .. .. .. .. 173 £8,427 £8,427 Balance .. .. .. .. .. .. £4,127 W. G. Baird, Public Trustee. A. J. Anderson, F.R.A.N.Z., Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— J. P. Rutherford, Controller and Auditor-General. Approximate Cost of Paper.—Preparation, not given ; printing (533 copies, £5-10-0)

By Authority: E. V. Paul, Government Printer, Wellington.— 1946. Price 3d.]

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