B—l [Pt. IV]i

Balance-sheet as at 31st March, 1949 Liabilities £ I Assets £ Loan capital .. .. .. .. .. 489,073 Land .. .. .. .. .. .. .. 35 Free capital from Employment Promotion Fund .. . . 891 Drainage works— Reserve Account for repayment of capital cost .. .. 15,092 Recoverable capital expenditure (section 11, Finance Act, 1937, Unpaid purchase-money for land taken .. .. .. 210 No. 2) .. .. .. .. .. .. 205,000 Payments in advance: Rates .. .. .. .. 42 Not recoverable: Capital expenditure and irrecoverable Rate Account— £ interest .. .. .. .. .. 657,224 Capital .. .. .. .. .. 6,183 Plant, machinery, and tools .. .. .. .. 1,710 Maintenance .. .. .. .. .. 7,201 Buildings .. .. .. .. .. .. 4,941 13,384 Goods .. .. .. .. .. .. .. 2,061 Writings-off in Suspense .. .. .. .. .. 2,789 Debtors— £ Treasury Adjustment Account .. .. .. .. 362,217 Rates— Capital .. .. .. .. .. 4,068 Maintenance.. .. .. .. .. 3,503 Miscellaneous .. .. .. .. .. 754 8,325 Cash in transit from Post-office .. .. .. .. 722 Expenditure from Employment Promotion Fund .. .. 891 Losses in Suspense .. .. .. .. 2,789 £883,698 £883,698 I). M. Greig, Director-General of Lands. V. J. H. Pledger, A.R.A.N.Z., Chief Accountant. I hereby certify that the Rate and Revenue Accounts and 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

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