B—l [Pt. IV]

NEW ZEALAND FOREST SERVICE— continued UTILIZATION BRANCH, ROTORUA CONSERVANCY— continued Balance-sheet as at 31st March, 1949 Liabilities £ Assets Sundry creditors .. . . . . .. . . 40,802 Current assets— £ £ Invested funds and reserves— £ Sundry debtors— Interest-bearing advances .. .. .. 536,285 Trading accounts .. .. .. .. 70,811 Accumulated profits as shown in the Appropriation Other departmental undertakings .. .. 19,858 Account .. .. .. .. .. 104,936 90,669 Fire insurance reserves .. .. .. 18,569 Stocks and stores— 659,790 Logs .. .. .. .. .. 2,498 Sawn timber .. .. .. .. 57,433 Box-shook .. .. .. .. .. 11,708 Treated produce .. .. . . .. 3,892 Untreated produce .. .. .. 18,528 Creosote . . . . . . . . . . 1,539 General stores . . . . .. 54,051 149,649 Fixed assets—- £ Plant .. .. .. .. 224,994 Less depreciation .. .. . . 15,590 209,404 Less reserves for abnormal depreciation and maintenance of general plant and for renewals of motor-vehicles . . . . . . .. 18,506 190,898

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