B—9a

Profit and Loss Account for the Year Ended 31st March, 1949 Salaries and general working-expenses 535,255 Commission and other income (net) .. .. •• 539,575 Losses on realization of mortgages 485 Balance, being net loss for year, transferred to Appropriation Depreciation on office premises, furniture, &c. .. .. 9,636 Account .. •• •• •• •• *■ > £545,376 £545,376 Profit and Loss Appropriation Account for- the Year Ended 31st March, 1949 n £ ] Or. Profit and Loss Account: Balance transferred .. .. 5,801 Profit on sale of investments .. 650 Transfer to Investment Fluctuation Account 650 Transfer from Assurance and Reserve Fund b,»Ui H. Pearce, 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.

Approximate Cost of Paper.— Preparation, not given; printing (669 copies), £B.

By Authority: E. E. Owen, Government Printer, Wellington.— 1949. Price 3d.]

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