H.—37.

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

3—H. 37

17

Canterbury. Marlborough. Otago. Southland. West Coast United. As at 31st As at 31st As at 30th As at 31st As at 31st As at 31st As at 30th As at 31st As at 31st As at 31st March, 1937. March, 1938. June, 1937. March, 1938. March, 1937. March, 1938. June, 193/. March, 1938. March, 1937. March, 1938. Assets. ££££££°^^°^°^ Cash in hand and in bank .. .. .. .. 1,203 754 965 24 396 900 198 54 219 394 Investments 2,240 2,240 2,130 2,107 1,000 2,016 1,509 2,735 Sundry debtors 736 697 300 768 665 214 698 624 225 216 M%Snes S aSd a eq^lament' " •' 2,580 5,224 700 2,323 1,404 712 462 1,570 Land and buildings 1,156 1,383 2,656 2,616 .. .. 35 110 Stock on hand 80 532 265 235 88 108 83 85 28 99 Accumulated loss Totals .. .. .. •• 9,466 9,377 8,924 10,991 2,849 5,561 4,017 4,320 934 2,569 Liabilities. £ £££££££££ Bank overdraft .. .. •• •• 1,507 .. •• •• •• •• Sundry creditors 1,126 1,124 309 39 381 242 188 63 104 291 Loans and mortgages .. .. .. .. ■ • • • • • • • . • • • • •• " '' w j. New Zealand Government loan .. .. .. • • 1,200 .. .. .. 1,519 .. . . .. nSi Reserves: Depreciation, repairs, funds, &c. .. .. 2,000 800 549 1,156 1,000 2,016 .. 224 801 <71 Miqppllanpous • • • • • • • • • 21 .. •• •• ■ ■ * * i Accumulated funds !. 6,340 6,253 8,045 8,289 1,468 1,784 3,829 4,033 2 Totals .. .. .. .. .. 9,466 9,377 8,924 10,991 2,849 5,561 4,017 4,320 934 2,569 Flying-hours. 2,892 I 958 .. 1,670 .. 1,004 .. 697