H—24c

Income and Expenditure for Year Ended 31st March, 1950 Expenditure ' Income £ s. d. £ s. d. Excess income over expenditure .. 18 4 6 Conditional licences .. ' .. 18 4 6 £lB 4 6 £lB 4 6 Balance-sheet Liabilities A ssets £ s. d. £ s. d. Accumulated Fund .. .. 18 4 6 Cash Bank of New Zealand.. .. 18 4 6 £lB 4 6 £lB 4 6 Ashburton, 27th April, 1950. R. C. Major, Interim Secretary. Examined and found correct.—J. P. Rutherford, Controller and Auditor-Greneral. Approximate Cost of Paper.—Preparation, not given; printing (664 copies), £7 10s.

By Authority: R. E. Owen, Government Printer, Wellington. —1950. Price 3d.]

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