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NEW ZEALAND NATIONAL AIRWAYS CORPORATION— continue Balance-sheet as at 31st March, 1949— continued Capital and Liabilites £ s. d. Assests £ s. d. Brought forward .. .. 1,796,603 19 11 Brought forward .. .. 1,420,767 4 5 Cash on hand and in bank .. .. .. 29,744 7 6 Acquisition of other airlines .. .. .. .. 61,004 3 1 Acquired Assets Value Adjustment Account .. .. 8,938 10 5 Preliminary development and deferred expenses .. 32,831 7 0 Profit and Loss Account— £ s. d. Credit balance, 31st March, 1948 .. 3,426 7 1 Less loss, year ended 31st March, 1949 .. .. .. 246,744 14 7 : 243,318 7 6 £1,796,603 19 11 £1,796,603 19 11 Leonard Isitt, Chairman. D. E. Foley, Chief Accountant. . Wellington, 29th August, 1949. I hereby certify that the Profit and Loss 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.— J. P. Kutherford, Controller and Auditor-General. Approximate Cost of Paper. — Preparation, not given ; printing (1,359 copies), £2B.

By Authority: B. E. Owen, Government Printer, Wellington.— IS>49, Price 6d.\

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