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CORPORATION
MARCH 31, 1949
FIXED ASSETS
Buildings and Installations
Excluding Southern Province (Schedule I)
(For valuation see Note 4)
Southern Province at cost (See Note 5)
Plant, Machinery and Vehicles (Schedule II)
(For valuation see Note 6)
Furniture and Office Equipment
(For valuation see Note 7)
TOTAL
Cost or Valuation
Depreciation Net Values
£
£
£
1,293,733
107,860
1,185,873
1,911,326
1,911,326
5,231,269
1,388,426
3,842,843
..
450,296
51,139 399,157
...
8,886,624
1,547,425 7,339,199
...
95,066
9,183,801
16,618,066
....
117,600 152
117,448
...
Loose Tools and Tentage at Cost, less amounts
written off Development, Land Clearing and Agriculture
Expenditure (See Note 8)
·
QUEENSLAND BRITISH FOOD CORPORATION Advances under Section 23 of the Queensland
British Food Production Act, 1948 Less amount due on Current Account
-CURRENT ASSETS
Expenditure recoverable from East African Railways
and Harbours (See Note 9)
Stocks (Schedule IH) (For valuation see Note 10)
(For valuation see Note 11)
Cultivation in Progress (Schedule IIIA)
Debtors and Payments in advance
Balance at Bankers and Cash in Hand
953,129
4,699,793
85,144
367,732
471,960
6,577,758
£23,313,272
(Sgd.) L. A. PLUMMER (Chairman). (Sgd.) J. Rosa (Member).
THE AUDITORS APPOINTED UNDER SECTION 16 (3) OF THE OVERSEAS ACT, 1948, BY THE MINISTER OF FOOD.
Statement of Development, Land Clearing and Agricultural Expenditure (amplified by "with the books of account.
account have been kept by the Corporation and that we have obtained all the information were necessary for the purposes of our audit because→
records of the expenditure relating to both Fixed and Current Assets were not maintained, support of transactions recorded in the books have not been produced to us.
disclosed in the Explanatory Notes on the Balance Sheet, in our opinion such Balance view of the state of the Corporation's affairs at the 31st March, 1949, as is possible from the
COOPER BROTHERS & CO.,
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67
Chartered Accountants.
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