B —l [Pt. IV]

NEW ZEALAND FOREST SERVICE— continued Balance-sheet as at the End of Each of the Two Years Ended 31st March, 1949— continued

58

As at 31st. March. 1948. 1949. Liabilities Capital — £ £ £ £ Value of forests and land taken over free of charge 36,451,893 36,467,982 National development loans 5,977,439 Public Works Account capital 6,790,705 Liability to Consolidated FundAdvances 87,405 • 87,405 Interest 1,787,261 2,011,687 Loans redeemed . . . . . . .. . . •. 141,554 141,554 11 4-15 55° A \ nq qqo to, tJJ,ooo Treasury Adjustment Account Dr. 191,543 123,596 Net deficit in General Revenue Account Dr. 144,309 Dr 191 513 T)r 90 7 1 1J! . iJV , / ±»} Accumulated profits of Rotorua Utilization Branch (Waipa) 77,673 104,936 Miscellaneous reserve, pool, and suspense accounts 67,987 66,732 Liability for cash held on deposit 30,707 33,403 Less cash held against same 30,707 33,403 Sundry creditors . . 93,346 111,085 £44,493,015 £45,761,373 ' .