B—l [Pt. IV]

Waipa Wood-preservation Plant Operating Account for the Year Ended 31st March, 1949 Dr. £ / Or. ' £ Purchases of untreated produce .. .. .. .. 7,876 Sales of treated produce .. .. .. . . .. 32,915 Seasoning-yard costs— Transfers to treated produce .. .. .. .. 2,158 Wages and salaries .. .. .. .. .. 3,542 Other expenses .. .. .. . . .. 1,358 35,073 Reduction in stocks of treated produce on hand .. . . 3,466 Total cost of operating seasoning yard .. .. .. 12,776 Treatment plant expenses— Wages and salaries .. .. .. .. .. 2,146 Creosote and other preservatives .. . . .. 6,717 Other expenses .. .. .. .. .. 5,855 Net profit .. .. .. .. .. .. 4,113 £31,607 £31,607 Profit and Loss and Appropriation Account for the Year Ended 31st March, 1949 Dr. £ Gr. Interest charged to 31st March, 1949 . . .. .. 135,980 Net profits from operating accounts— £ Less interest up to previous year .. .. .. 116,715 Waipa Sawmill •• •• •• •• •• 19,229 Kaingaroa Sawmill .. .. . . . . . . 3,584 Charge for interest for year .. .. .. .. 19,265 Waipa Box-factory .. .. .. .. .. 19,602 Balance, being net profit since the inception of operations .. 104,936 Waipa wood-preservation plant .. .. .. .. 4,113 Total .. .. .. .. .. .. 46,528 Net profits brought forward from previous years .. .. 77,673 £124,201 | £124,201

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