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Balance-sheet as at 31st March, 1947 Liabilities . £ s. d. Assets £ s. d. Sundry creditors .. .. 31,778 0 5 Plant, equipment, furniture, and Profit and Loss Appropriation fittings, less depreciation .. 493 10 0 Account .. .. .. 918,365 12 11 Stock on hand and in transit .. 35,879 12 3 Sundry debtors .. .. 39,019 711 Investments : New Zealand Government stock .. .. 708,868 1 7 Cash at bank, in hand, and in transit .. .. .. 161,322 12 9 Interest accrued .. .. 4,560 8 10 £950,143 13 4 £950,143 13 4 A. G. Hedgman, Secretary. I hereby certify that the Trading Account, Profit and Loss Account, Appropriation Account, and the 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.

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