B.—l [Pt. IV].

20

EDUCATION DEPARTMENT —continued. Income and Expenditure Account —continued. SPECIAL SCHOOL STORES—continued. Profit and Loss Account. Expenditure. £ s. d. Income. £ s. d. To Repairs and sundries .. .. .. 312 5 By Balance brought down .. .. .. 36 6 0 Lighting, power .. .. .. .. 6 6 4 Balance (loss) carried to Stores Depreciation . . .. .. .. 19 0 0 Summary Account — £ s. d. Head Office salaries and administration charges 15 0 0 1923-24 .. .. .. 214 710 Interest .on capital .. •• •• 21 0 0 1924-25 .. .. .. 28 12 9 Additional charge for 1923-24 (stock overstated, — —-— 243 0 7 31st March, 1921) .. .. .. 214 710 £279 6 7 £279 6 7 Balance-sheet as at 31st March, 1925. Liabilities. £ s. d. Assets. Capital provided by Treasury, at Ist April, 1924 3,368,227 19 4 National Development Account — Education Loans Account — £ s. d. Grants to Education and other Loans raised .. .. 1,924,221 13 3 Boards for sites, buildings, Transfer from Consolidated equipment, &c. — £ s. d. £ s. d. Eund .. .. 1.00,000 0 0 For elementary education .. 3,466,225 7 0 —-— — 2,024,221 13 3 For kindergartens .. 4,201 14 5 Reserve for depreciation .. .. 29,608 12 9 For secondary education .. 440,213 1 11 Former inmates of departmental For higher education .. 360,199 0 5 institutions —-Wages in hands For technical education .. 577,307 6 5 of Department .. .. .. 74,842 10 5 For training of teachers .. 112,518 18 0 Sundry creditors .. .. 47,055 16 1 For education of the blind . . 13,000 0 0 Amounts paid to the Depart- 4,973,665 8 2 ment in advance .. .. 222 15 11 Departmental assets — Amounts paid to Department Land, &c. .. .. 53,841 12 10 and held in suspense .. 19 12 8 Buildings .. .. 205,646 5 11 Hutt High School Board— Water service .. .. 616 17 1 Amount of rent held in trust 219 10 6 Furniture, fittings, &c. .. 19,850 0 4 Fire Insurance Fund —Amount Farm and other plant, impleoverclaimed .. .. 77 15 0 ments, &c. .. .. 5,104 9 0 ——•—-— 47,595 10 2 Motor cycles and cars .. 4,159 8 1 Treasury Adjustment Account .. 3,138,111 10 9 Typewriters and mechanical appliances .. .. 1,374 18 6 Examination models .. 139 16 0 Boat .. .. .. 32 0 0 Library .. .. .. 316 0 11 i School Cadet equipment .. 2 14 3 Hydro-eleetric works (preliminary surveys) .. 14 19 1 — 291,099 2 0 Stocks of material on hand, 31st March, 1925 —• School-books and requisites 2,391 12 7 General stores .. .. 27,658 18 6 Farm-produce .. .. 2,017 0 0 Live-stock .. .. 2,771 0 0 — — 34,838 11 1 Amounts paid in advance . . 47 0 0 Sundry debtors .. .. 71,821 10 3 Less reserve for bad debts .. 22,722 1 1 49,099 9 2 Amounts due by Government Departments .. .. 1,86119 6 00,061 8 8 Deposits in Post-office Savings-bank (wages of former .. .. .. .. 74,842 10 5 OfjiQjal stamps on hand .. .. .. 44 0 8 Education Loans Account—Balance in account 126,454 19 4 Balance from Income and Expenditure Account 3,130,654 16 4 £8,682,607 16 8 £8,682,607 16 8 Note.—The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value of offices, &c., as assessed by Public Works Department; (b) interest on capital. C. E. Crawford, Accountant. A. Bell, Secretary. I hereby certify that the Income and Expenditure, Trading, Profit and Loss Accounts, 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 above departmental notes. 1. The fees received for maintenance of inmates of the Child Welfare Division are not credited to the accounts of the individual institutions. The Department, however, explained that the. expense of making such allocation would not be warranted. 2. Certain suggestions are also being made by Audit with reference to future accounts. G. P. C. Campbell, Controller and Auditor-General.