B—9a

Profit and Loss Account for the Year ended 31st March, 1947 Dr. £ Cr. £ Salaries and general working expenses .. .. .. 489,366 Commission and other income (net).. .. .. .. 485,169 Losses on realization of mortgages .. .. .. .. 24 Over-provision for taxation on income for year ended 31st March, Depreciation on office premises, furniture, &c. .. .. 16,608 1946 .. .. .. .. .. .. • • 10,266 Balance, being net loss for year, transferred to Appropriation Account .. .. .. .. .. .. 10,563 £505,998 £505,998 Profit and Loss Appropriation Account for the Year ended 31st March, 1947 Dr. £ Cr. £ Profit and Loss Account: Balance transferred .. .. 10,563 Balance .. .. .. .. .. .. .. 4,127 Balance .. .. .. .. .. .. .. 4,127 Transfer from Assurance and Reserve Fund .. .. .. 10,563 £14,690 £14,690 Balance \(being one-half profits for year ended 31st March, 1946, payable to Consolidated Fund in accordance with section 24 (1), Finance Act, 1929) .. .. .. .. .. £4,127 W. Gr. Baird, Public Trustee. A. J. Anderson, F.R.A.N.Z., Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— J. P. Rutherford, Controller and Auditor-General.

By Authority: E. Y. Paul, Government Printer, Wellington. —1947.

Price 3d.]

Approximate Cost of Paper.—Preparation, not given ; printing (588 copies), £6.

3