H—37.

APPENDIX C— continued. Balance-sheets of Aero Clubs. North Island Aero Clubs.

16

Auckland. Hawke's Bay and East Coast. Middle Districts. Wairarapa and Kuahine. Wellington. Western Federated. As at 1st As at 31st As at 31st As at 31st As at 31st As at 31st As at 31st As at 31st As at 31st As at 31st May, 1937. j March, 1938. 1937 March, 1938. March, 1937. March, 1938. 1987 March, 1938. March, 1937. March, 1938. May, 1937. March, 1938. Assets. £ £ £ £ £ £ £ £ £ £ £ £ Cash in hand and in bank .. .. .. 144 66 947 1,408 488 1,324 79 1,080 2,576 3,565 71 1,459 Investments .. .. .. .. . . .. 100 100 .. .. 500 500 770 1,204 .. 4,256 Sundry debtors .. .. .. .. 460 1,074 652 539 147 755 415 418 953 638 208 774 Payment in advance .. .. .. 32 .. 5 .... .. .. .. 497 504 .. 82 Machines and equipment .. .. .. 10,280 10,545 1,468 1,303 770 1,865 359 1,912 2,843 4,250 3,256 2,628 Land and buildings .. .. .. 15,735 17,998 2,970 3,070 .. .. 4,888 4,836 .. .. .. 6,515 Stock on hand .. .. . . .. 412 447 100 104 .. 66 394 361 674 306 83 533 Income and expenditure Account .. .. .. .. .. .. .. .. .. •• .. .. 6,131 Totals .. .. .. .. 27,063 30,130 6,242 6,524 1,405 4,010 6,635 9,107 8,313 10,467 9,749 16,247 Liabilities. £ I £ £ £ £ £ £ £ £ £ £ £ Bank overdraft .. .. .. .. 3,919 6,708 .. .. .. .. 299 Sundry creditors .. .. .. .. 1,134 1,166 183 383 280 262 200 158 444 545 317 757 Loans and mortgages .. .. .. .. .. •• 500 500 2,311 2,310 New Zealand Government loan .. .. .. 3,600 1,080 1,000 .. 1,500 .. 1,600 .. 3,250 Reserves: Depreciation, repairs, funds, &c. .. 4,110 2,277 .. .. .. 990 34 1,089 .. 464 5,272 256 Miscellaneous .. .. . . .. 209 136 125 160 .. .. 36 17 47 61 .. 39 Accumulated funds .. .. .. 17,691 16,243 4,854 4,981 625 758 3,755 3,933 7,822 6,147 4,160 15,195 Totals .. .. .. .. 27,063 30,130 6,242 6,524 1,405 4,010 6,635 9,107 8,313 10,467 9,749 16,247* Flying-hours. 3,586 .. 1,561 .. 1,282 .. ] ,219 .. 2,520 .. ! 1,589 * Combined Balance-sheet of Western Federated, Kew Plymouth, and Wanganui Aero Clubs. Liability to Government not shown in Balance-sheet (ZK-AGA).