15

E.—7

Income and Expenditure Account. Expenditure. £ s. d. Income. Salaries .. .. .. .. 906 5 0 £ s. d. f s. d. Library periodicals .. .. .. 25 15 1 Interest on investments ..1,336 2 8 Administration expenses .. .. .. 150 0 0 Interest on Post Office Savings-Travelling-expenses .. .. .. 249 14 2 bank .. .. .. 13 10 9 Commission—New Zealand Insurance Co. .. 64 17 11 — 1,349 13 5 Stationery .. .. .. .. 119 0 DonationsTelegrams, postage, and exchange.. .. 10 9 Stonex Bros. .. .. 2 2 0 General expenses .. .. . . 5 19 9 Auckland Milk Co. .. 2 2 0 Lecturing expenses .. .. .. 15 6 Amburys Ltd. .. .. 2 2 0 Furnishings .. .. .. .. 29 10 9 — 6 6 0 Excess expenditure over income .. 80 8 6 £1,436 7 11 £1,436 7 II Balance-sheet as at 31st December, 1926. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Capital . . .. .. .. 20,000 0 0 Mortgage investments .. .. 20,000 0 0 Accumulated funds .. 903 3 11 Library .. .. .. .. 114 14 9 Less expenditure over in- Interestcome for period ending Accrued .. .. 205 7 6 31st December, 1926 .. 80 8 6 Arrears .. .. 191 15 0 — 822 15 5 397 2 6 Cash, Post Office Savings-bank 304 12 2 Cash in hand .. .. 6 6 0 310 18 2 £20,822 15 5 £20,822 15 5 SINCLAIR AND GILLIES SCHOLARSHIP. Receipts and Payments Account. Receipts. ' Payments. Cash, Auckland Savings-bank, £ s. d. £ s. d. £ s. d. £ s. d. Ist January, 1926 .. .. 77 0 8 Scholarships.. .. .. 200 0 0 Cash in hand, Ist January, 1926 45 0 0 Expenses .. .. .. 2 2 6 122 0 8 202 2 6 Interest— Cash at Auckland Savings-bank, New Zealand inscribed stock 49 10 0 31st December, 1926 .. 202 9 3 Soldier Settlement Loan de- Cash in hand, 31st December, bentures .. .. 5 10 0 1926 .. .. .. 6 0 0 Auckland Electric-power Board , 208 9 3 debentures ... .. 33 0 0 Waitemata County Council debentures .. .. 192 0 0 Auckland Savings-bank .. 8 11 1 -———— 288 11 1 £410 11 9 j £410 11 9 Income and Expenditure Account. Expenditure. £ s. d. Income. Scholarships .. .. .. .. 200 0 0 Interest— £ s. d. Expenses .. .. .. .. 2 2 6 New Zealand inscribed stock .. .. 49 10 0 Excess income over expenditure .. .. 81 8 7 Soldier Settlement Loan debentures .. 5 10 0 Auckland Electric-power Board debentures 33 0 0 Waitemata County Council debentures .. 192 0 0 Auckland Savings-bank .. .. 3 111 £283 11 1 £283 11 I