THE M'LEAN INSTITUTE, CHRISTCHURCH, N.Z.

Press, Volume LXVIII, Issue 20630, 20 August 1932, Page 20

THE M'LEAN INSTITUTE, CHRISTCHURCH, N.Z.

We have examined tho foregoing Statements and Balance-Sheet and compared tliem with tho Books, Vouchers, and other recordsof the McLean Institute. In our report to tho Boai'd undor date 30th July, 1932, we have drawn attention to the fact.that the sum of £20,500, part of the assets taken over from the Buckley Trust, is represented by Contributory Mortgages which, in. our opinion, are not an authorised investment' for Trustees. We are obliged also to draw attention to the fact that Income Account-is overdrawn to the extent of £4580 ISr. and the Capital Bounds depleted accordingly. Subject to our report regarding one of the beneficiaries and the above,' we • certify that tho Accounts, a« presented, ■ show the correct position 6f:the financial affairs of* the | institute as disclosed by tho books and according to explanations given ns. ■ , • \YM. JAMESON and SON, F.P.A.X.Z.. Auditors. ABSTRACT APPROVED. T>. <?. SULLIVAN, Chairman, . - . Board of Governors. 19/8/82. - 5819

JIKVENUK ACCOUNT FOR THE YE All ENDING 31st MAT, 1932. i:\PKNDITUKK. 1931-3'.'. To Salaries anil Wages— £ R. d. i Office .. 500 13 - Homes .. 1,922 Jl 4 Gardens .. 9SI 9 10 17 d. 4 INCOME. 1931-82. £ B. d. Cr Interest on Mortgages and Debentures .. . • 9,185 6 J „ Rent .. •• •• 27 10 0 „ i,ebit Balance, 31st May, jg # ,, Stipends .. 1,541 4 ,, Allowances . . 1,101 8 11 13 1 ,. Provisions . , ,, Fuel and Gas 6J 6 11 ,, Lighting • . 8113 ,, liadiators and Power . . 75 1' 1,648 0 1 4 19 3 (i ,. Misc-ellanc out* Renewals and Hepairs Insurances .. 107 17 ,, JUles . . :i0 9 „ Kent .. 1U0 0 478 7 6 0 1 7 11 1 ,, Drills and Medicines . . 49 11 ,, Medical Fees 77 12 ,, Medical Comforts .. 22 18 ,, Nursing Fees 3 0 in 0 u ? 0 ,, Advertising . . 3 15 Printing .. ">1 6 ,, Stationery . . 25 15 10 0 5 7 4 6 8 0 0 5 6 0 6 0 3 6 0 O 7 1 ,, Postages > • 20 15 ,, Telephones .. SO 1>> 0 10 18 19 !) 16 0 0 5 9 0 18 7 4 11 18 „ Garden-Expenses ,, JJooks . • '— ,, Magazines - . I t 7 ,, Newspapers . . 23 12 ,, Funeral Expense* ,, Legal -Expenses ,, lv-cmuncralion ot Hoard ,, Audit fee, 1031 ,, Founder's Dinner ,, Cleaning Windows ,, Cleaning Chimneys ,, Cleaning ,, Leasing Fee . . ,, Laundry . . ,, Cleaning Tank* ,, Taxi Hires ,, Tuning Pianos ,, Sundric* ,, Excess Water 51 29 50 4 2 2 9 13 1 1 6 :t 36 1 i!9,960 ,, Interest oil Sinking Funds Reserves . . • • 1,069 ,, Amounts Set Aside as Sinking Funds under Will . . 500 ,, Balance of income, 31st May, 1931 .. . . 2,263 19 2 0 11 0 0 7 ' i'13,793 13 2 £13,793 13 a BALANCE-SHEET AS AT Slst MAT, 1932. T.I ABILITIES. IS £ Capital as at 31st May, 1932 307,778 Suspense Account . . 3 Sinking Funds Reserve, as per Contra . . 21.950 Special Suspense Account . . 431 31 s. 7 19 7 !2. d." 5 8 1 ASSETS. "Holly Lea" Freehold "Quamby". Freehold "Morven" Freehold Fittings and Furniture, "Holly Lea" Fittings and Furniture "Quamby" Fittings . and Furniture, "Morven" Fittings and Furniture, Office Loans on Mortgages (including £24,950 19b 5d set aside for Sinking Funds as per contra) Debentures Inscribed Stock Bank of New South Wales Loans to Beneficiary W. F. M. Buckley Estate, Mortgages Chertsey Property Ongarue Stock, etc. Income Account, Debit Balance 1931- £ s. 19.677 0 10,544 16 2,035 12 3.744 12 2,180 5 606 0 185 0 203,315 16 47,598 6 6,800 0 2,680 O 982 0 20,500 0 4,913 19 2,819 8 4,580 18 °d. 11 0 0 3 8 9 3 8 0 11 S 0 8 0 £333,163 17 T £333,163 17 7 W. F. HILSOX. Secretary. 22/7/32. H. D. ACLAXD, Honorary Treasurer ■