H—44b

THE LINEN FLAX CORPORATION OF NEW ZEALAND— continued Final Accounts, Nine Months ended 31st December, 1946— continued Balance-sheet of the Linen Flax Corporation of New Zealand as at 31st December, 1946 — continued £ s. d. | £ s. d. £ s. d. Brought forward .. .. .. 362,736 9 10 Brought forward .. .. .. 177,479 4 5 Assets in course of liquidation— Work in progress (at prime cost of straw plus direct wages to 31st December) .. .. .. 44,574 13 11 Wages in advance, 31st December, 1946 1,529 15 5 Stocks— £ s. d. Meal .. .. 564 0 11 Seed .. .. 8,149 7 4 Tow .. .. 301 16 11 *■ Fibre .. .. 2,698 6 7 * By-products, factory stocks .. .. 1,792 1 11 *- 13,505 13 8 Sundry debtors (mainly sales to U.K.) 110,327 5 1 169,937 8 1 Bank of New Zealand Current Account 14,797 7 8 Balances on Imprest Accounts at factories .. .. .. 522 9 8 15,319 17 4 £362,736 9 10 £362,736 9 10

F. Johnson, Chairman of Directors. J. W. Hadfield, General Manager. 24th January, 1947. I hereby certify that the statement of Accounts 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.— J. P. Rutherford, Controller and Auditor-General. Approximate Cost of Paper. — Preparation, not given ; printing (840 copies), £l4.

By Authority: E. V. Paul, Government Printer, Wellington.— 1947. Price 6d.]

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