23

E.—6,

Balance-sheet. Liabilities. £ s. d. Assets. Balance Account .. .. .. 4,736 3 9 Boys' accounts outstandLess transfer from General Account .. 930 16 5 ing— £ s. d. £ s. d. ■ Collegiate School .. 1,542 17 4 3,805 7 4 St. George's School .. 128 16 6 Sundry creditors .. .. .. 458 15 1 1,671 13 10 Endowments— Rent accounts outstanding .. 1,135 18 8 Scholarships .. .. .. 3,000 0 0 ——— School prizes .. .. .. 511 14 0 2,807 12 6 School funds .. .. .. 1,364 5 2 Collegiate School—Provident Fund .. .. .. 7,406 7 6 Buildings .. .. 81,380 13 5 Mortgages .. .. .. .. 108,950 0 0 Expenditure, 1928 .. 238 6 7 Temporary loans .. .. .. 5,713 2 6 Furniture .. .. 4,475 6 0 Suspense .. .. .. .. 2,086 18 8 Pianos .. .. 952 0 2 £ s. d. 87,046 6 2 Bank of New South Wales 6,063 18 0 St. George's School— Plus unpresented cheques 46 6 11 Buildings .. .. 23,137 5 1 6,110 4 11 Grounds .. .. 2,143 19 8 Furniture .. .. 1,452 2 2 26,733 6 11 Estate buildings .. .. 2,650 0 0 Roads .. .. .. 13,004 111 Section Ib, London Street .. 650 0 0 Grey Street house .. .. 973 4 4 Tayforth land .. .. 2,093 15 8 Steward's stores on hand .. 376 2 8 Boys' extras paid but not charged— Collegiate School .. 1,678 13 8 St. George's School .. 132 13 10 — 1,811 7 6 Sundry debtors.. .. .. 49 8 1 Sinking fund, St. George's School Loan.. .. .. 1,105 19 6 Cash on hand .. .. 105 9 11 £139,406 15 2 £139,406 15 2 I have audited the books and accounts of the Whanganui College Board of Trustees for the year ended 31st December, 1928, and certify that the foregoing statements of account are in accordance therewith, and that in my opinion the above Balance-sheet is properly drawn up so as to show the true position of the Trust as disclosed by the books at 31st December, 1928.— T. Ballingall, F.P.A., N.Z., Auditor. Wanganui, 27th February, 1929. A. (i. Bignell, Chairman. J. P. Wilmamson, Secretary.