H—2l

J. R. Deal, Treasurer. The Audit Office, having examined the Balance-sheet and accompanying accounts required by law to be audited, hereby certifies them to be correct.— J. P. Rutherford, Controller and Auditor-General. Approximate Cost vf Paper.—Preparation, not given ; printing 979 copies), £29.

By Authority: E. E. Owen. Government Printer, Wellington.— 1949. Price 6d.'j

Balance-sheet as at 31st March, 1949

15

(Figures to nearest pound) Liabilities. 1948-40. 1947-48. Assets. 1948-49. 1947-48. £ £ £ Land, buildings, improvements — £ £ £ Capital: Balance at beginning of period 348,336 Land 30,000 Add— Buildings 197,776 Capital purchases from revenue2,078 Approach steps and terraces 4,300 Capital purchases from reserves 2,680 Ground improvements Floodlights 6,185 482 353,094 238,743 236,481 Less cost-price of assets sold 10 Exhibits — 353,084 463 348,337 283 52,357 Sundry creditors Art Gallery 31,257 Special reserves — 86,614 85 547 Art Gallery and Museum Rehabilitation 3,447 Furnishings and equipment — Reserve Cinematograph equipment 821 Art Gallery Special Purposes Reserve 1.050 Furnishings 19,419 Beauehamp Trust Reserve 2, 180 Library 3,228 Buildings Fund Reserve 301 Mechanical appliances 208 Educational Purposes Reserve — Miscellaneous equipment 1,340 Art Gallery 3,800 Photographic apparatus 1,080 Museum .. .. 2,517 Scientific apparatus 520 Elgar Legacy Reserve 51 Tea-room equipment 695 Macgregor Legacy Reserve Museum Exhibits Purchase Reserve 100 Tools 416 2,445 27,727 26 308 Picture Purchase Reserve — Publications (stock) 569 '324 General 1,765 Restoration of Building Suspense Account . . 535 346 Maearthy Trust 161 Sundry debtors 75 126 Repairs, Renewals, and Extensions Reserve 9,601 Investments — 27,418 29,781 Deposit with Public Trustee National Savings Account 11,496 11,148 Centennial Art Exhibition Suspense Account . . 126 2,263 2,197 Accumulated surplusNew Zealand Government stock 7,000 7,000 General 84 146 Fixed deposit: Bank of New Zealand 3,000 3,000 Tea-rooms ' [ 75 75 Deposit. Post Office Savings-bank Imprest accounts Cash in hand and in bank (less unpresented cheques) 591 242,487 577 24 5,675 £381,124 £378,748 381,124 378.748