H—4s

CO-OPERATIVE CONTRACTS EUND— continued Balance-sheet as at 31st March, 1947 Liabilities £ £ £ Assets £ Profit distributions— Cash at Bank of New Zealand: Head Office Accounts .. 10,849 As per Balance-sheet, 31st March, 1946 .. 33,075 Debtors : contracts, &c. .. .. .. .. .. 238,144 Appropriated for year .. .. .. 205,328 Eixed: stevedoring gear— £ £ 238,403 As per Balance-sheet, 31st March, 1947 .. 1,217 Payments during year .. .. .. ..199,679 Purchases during year .. .. .. 161 ■ 38,724 Deposits .. .. .. .. .. .. 111,431 1,378 Creditors .. .. .. .. .. .. 29,073 Sales during year .. .. .. .. 401 Reserves : stevedoring gear purchase, as per Balance- 977 sheet, 31st March, 1946 • .. .. .. .. 35,000 Depreciation for year .. .. .. ..307 Accumulated Funds— 670 As per Balance-sheet, 31st March, 1946 .. .. 28,533 Balance brought in for year .. .. .. 6,902 35,435 £249,663 ' £249,663 A. E. Bockett, General Manager. A. G. Davidson, Chief Accountant. I hereby certify that the Bevenue Account and the Balance-sheet relating to the Co-operative Contracts Fund have been duly examined and compared with the books and supporting documents, and correctly state the position as disclosed thereby. The audit of the records of disbursements through the central pay offices was carried out by auditors appointed for the purpose by the Audit Office in terms of Begulation 15 (5) of the Waterfront Industry Emergency Begulations 1946.— J. P. Butherford, Controller and Auditor-General.

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