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MAIN HIGHWAYS STATEMENT OF ACCOUNTS— continued General Balance-sheet as at 31st March, 1949

Note.— The Main Highways Account was abolished by Finance Act (No. 2), 1947, and has been replaced by votes in the Consolidated Fund and the Public Works Account. J. W. Scott, A.R.A.N.Z., Chief Accountant, Ministry of Works. F. Langbein, M.1.C.E., Chairman, Main Highways Board. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit and correctly state the position as disclosed thereby, subject to the departmental notes enfaced thereon.— J. P. Ruthebfobd, Controller and Auditor- General,

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LIABILITIES. Total. | ASSETS. 1 Total. Accumulated Revenue Account — Balance at 1/4/47 Sundry creditors .. £ £ 332,886 648,127 Sundry debtors Advances to local authorities (Main Highways Amendment Act, 1926, section 2) .. Interest due and accrued Buildings and land Stocks of materials, tools, &c. Furniture, fittings, &c. — Expenditure to 31/3/49 Less depreciation to 31/3/49 £ 927 920 £ 31,138 52,551 2,156 112,361 ■434,411 y Plant and equipment — For Main Highways Board — Expenditure to 31/3/49 Less depreciation charged to works 612,044 587,975 24,069 95,026 229,294 ' Purchased for local authorities — Expenditure to 31/3/49 Less repayments of principal 529,266 434,240 Liability of Public Works Account and Consolidated Fund — Balance at 1/4/48 Less decrease to 31/3/49 237,858 8,564 £981,013 £981,013