11.—37.

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

24

Canterbury. Marlborough. Otago. Southland. West Coast United. March, 19*38. Ma'rch/llfo 1988. j Ifarch, 1939. Mtorch, 3 1938. [ Itoch, WSQ. March, wis. Stach, m March, 1938. | MsV Assets. Cash in hand and in bank .. .. .. .. £ 754 £ 531 £ 24 & 94. am £ qok £ £ „ £ £ Investments 2 240 2 24? 9 107 9 in, 9 m« , 3 £' 54 63 394 67 SSSSS3+. :: :: :: ii J! « - *« *« '« *9 '« N# > «, SZ'dwiZ™?"'"':: :: :: :: :: :: ?;3£ 1;§! 5® t:™ 2,323 3 -" 5 >:il S I ' 5 ™ '• 312 btoek on hand .. .. .. fi1 < 0 „~ u Accumulated loss .. ...... - 4 235 161 108 46 85 110 99 117 __U i; - •• 237 138 T ° tals " " " " ■■ •• ; 9,377 9,513 10,991 10,098 5,561 8,484 4,320 5,386 2,569 2,275 Liabilities. Bank overdraft .. .. .. .. .. # # j 2 £ £ £ £ £ loans y and e mortgages " " " " ;; " j l ' lM 268 39 j g 'j 2 242 302 63 i,128 "291 " 391 New Zealand Government loan .. .. .. .. . , 748 " l'666 i'fJIQ o'< !7(1 " " 22 23 MS»o?™: at ™' repairs ' ftm . dK ' &C " ;; 1 800 800 '- 156 " 2 ;016 3,-098 •"224 -'225 'In HI Accumulated funds j 6>253 6>697 8 ; 289 6j00g 4,033 4,033 53 T ° talS " " " " " " '• 9,513* 10,991 10,098 5,561 8,484 4,320 5,386 2,569 2,275 Flying-hours. I 2 ' 892 j 2 ' 622 j 958 | 820 j 1,670 j 1,709 j 1,004! 1,182] 697 | 813 * Contingent liability, £630, re purchase of Gipsy Moth aircraft. ~ ~