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Balance-sheet as at 31st March, 1950 Liabilities & 4,070,032 8 4 General Reserve Tund .. ,n OSi " ".. 46 156,490 17 0 Bank-notes 53,031,090 10 0 .. 126 ,651 18 10 Demand liabilities- 33,296,116 6 6 Advances(o) State .. .. •• •• 67,395,419 11 ITo State or State undertakings—wotC :: :: :: :: :: :: » « Liabilities in currencies other than New Zealand cur- Other PP. __ _ 5,202,666 19 10 13,55y lo y utner .... _ ~ reney " " " " 4,350,303 10 0 Investments .. .. •• •• " i'Vqo'olS 9 10 Profit and° Loss' Appropriation Account .. .. 774,832 17 9 Other assets .. •• •• •• >_ .1 £ £i6i ' u4 ' 395 6 4 N.8.-Holdings of sterling have been converted into New Zealand currency at the rate of £(stg.)loo equals £(N.Z.)IOO. E. C. Fussell, Governor. A. Ross, Deputy Governor. W. R. Eggers, Chief Accountant. Auditors' Certificate and Report _ . We have andited the Balance-sheet as at 31st Mareh. 1950, above set forth " ' We have accepted the certificate of the Bank of England as to the assets h state of affairs 0 f the Bank as at 31st March, ,950^^ ' D. A. i. Orombie I p u bli 0 Accountants, Auditors. P. H. Harris J Wellington, New Zealand, 31st May, 1950.

By Authority: R. E. Owen, Government Printer, Wellington. 1950, Price 9d. |

Approximate Cost of Paper— Preparation, not given ; printing (716 copies), £7O.

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