H-45

SUPERVISION FUND— continued Balance-sheet as at 31st March, 1948 1946-47. Liabilities 1946-47* £ Profit distribution— ££ £ Assets _£ £ 227 As per Balance-sheet, 31st March, 1947 116 Cash at Bank of New Zealand: Head Office account .. 287 10,660 710 Appropriated for year .. .. 380 Debtors: contracts, &c 624 390 496 937 821 Payments during year .. .. .. 339 116 157 23 Creditors Accumulated funds— 13,416 As per Balance-sheet, 31st March, 1947 .. 10,910 Less transfer back to Appropriation Account .. .. .. 9,610 2,505 Less balance brought in for year .. 546 10,911 10,156 754 £11,050 £9ll £9ll £11,050 A. E. Bockett, General Manager. A. G. Davidson, Chief Accountant. 1 hereby certify that the Revenue Account and the Balance-sheet relating to the Supervision 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 Regulation 15 (5) of the Waterfront Industry Emergency Regulations 1946.— J. P. Rutherford, Controller and Auditor-General.

92