H—44b

THE LINEN FLAX CORPORATION OF NEW ZEALAND— continued Final Accounts, Nine Months ended 31st December, 1946— continued Trading Account Dr. £ s. d. Cr. £ s . d. Cost of production .. .. .. .. .. 133,82113 10 Sales of fibre .. .. .. .. .. 138,890 6 10 Stocks fibre, Ist April, 1946 .. .. .. .. 2,750 5 0 Stocks fibre, 31st December, 1946 .. .. .. 2,698 6 7 Export charges .. .. .. .. . . 1,404 6 10 Insurance, fibre-store .. .. .. .. 375 0 0 Gross profit, transferred to Profit and Loss Account .. 3,237 7 9 £141,588 13 5 £141,588 13 5 Profit and Loss Account Dr. £ s. d. Cr. £ B . d. Travelling-expenses .. .. .. .. .. 973 7 11 Cost of Production Account: Gross profit, transferred .. 3,237 7 9 Head Office salaries . . .. .. .. .. 2,696 3 8 Commission .. .. .. .. .. 737 General expenses .. .. .. .. .. 125 6 10 By-products Factory Account .. .. .. 165 2 7 Telephones .. .. .. .. .. 183 14 1 Linen Flax Section No. 2 (net loss transferred) .. 1,535 14 7 Stationery .. .. .. .. .. .. 179 2 11 Directors' fees .. .. .. .. .. 229 7 5 Removal expenses .. .. .. .. .. 90 0 0 Cartage, general .......... 3 13 6 Unallotted .. .. .. .. .. .. 731 Audit fees .. .. .. .. .. .. 75 0 0 Exchange .. .. .. .. .. .. 147 11 5 Discount .. .. .. .. .. .. 5110 Advisory Committee expenses .. .. .. 13 7 6 Fidelity insurance .. .. .. .. .. 33 14 3 Rent, heat, light .. .. .. .. .. 182 4 11 £4,945 8 6 £4,945 8 6

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