21

E.—7

SIR JOHN LOGAN CAMPBELL ENDOWMENT. Statement of Receipts and Payments. Receipts. £ s. d. Payments. £ s. d. Balance, Ist January, 1928 .. .. .. 2,629 1 8 New Zealand Insurance Co., for reinvestment .. 2,300 0 0 Interest — £ s. d. Massey Agricultural College .. .. .. 1,222 15 2 New Zealand Insurance Co., Ltd. 1,225 12 5 Salaries .. .. .. .. .. 237 10 0 Less commission .... 60 16 6 £ s. d. Library .. .. .. 0 15 11 1,164 15 11 Periodicals .. .. .. 10 12 1 Post Office Savings-bank .. 10 11 8 11 8 0 1,175 7 7 Duplicating .. .. .. .. .. 513 10 T. P. and E. . . .. .. .. .. 0 6 5 General expenses .. .. .. .. 0 9 0 Stationery .. .. .. .. .. 040 Cash at Bank of New Zealand, 31st December, 1928 26 2 10 £3,804 9 3 £3,804 9 3 Statement op Income and Expenditure. Expenditure. £ s. d. i Income. Salaries .. .. .. .. .. 237 10 0 ! Interest— £ s. d. Library periodicals .. .. .. .. 10 12 1 On investments —New Zealand Insurance Co. .. 1,251 16 5 Duplicating .. .. .. .. .. 5 13 10 Post Office Savings-bank .. .. .. 10 11 8 T. P. and E. .. .. .. .. .. 0 6 5 General expenses .. .. .. .. 0 9 0 Stationery .. .. .. .. .. 040 Commission .. .. .. .. .. 60 16 6 Excess income over expenditure .. ~ 946 16 3 £1,262 8 1 £1,262 8 1 Balance-sheet as at 31st December, 1928. Liabilities. £ s. d. I Assets. £ s. d. £ s. d. Capital .. .. .. .. .. 20,000 0 0 1 Mortgage investments .. 19,700 0 0 £ s. d. Mount Eden Borough Council deAccumulated funds .. .. 823 10 8 bentures .. .. .. 300 0 0 Add excess income over ex- 20,000 0 0 penditure, 1928 .. .. 946 16 3 Library .. .. .. .. .. 231 16 8 Interest— 1,770 6 11 Accrued .. .. .. 210 17 3 Less funds transferred to Arrears .. .. .. 78 15 0 Massey Agricultural 289 12 3 College, 1928 .. .. 1,222 15 2 Cash at Bank of New Zealand, 31st December, 1928 26 2 10 547 11 9 £20,547 11 9 £20,547 11 9 SINCLAIR AND GILLIES SCHOLARSHIP. Statement of Receipts and Payments. Receipts. £ s. d. Payments. £ s. d. Balance at Auckland Savings-bank, Ist January, 1928 93 2 7 Scholarships .. .. .. .. .. 200 0 0 Interest — £ s. d. Investment surplus funds—Auckland City Council Soldier Settlement Loan —Government debentures .. .. .. .. .. 100 0 0 bond .. .. .. .. 510 0 Cash in hand at Auckland Savings-bank, £ s. d. New Zealand inscribed stock .. 49 10 0 31st December, 1928 .. .. 97 2 8 Auckland Electric-power Board de- Less Arts and General Suspense Account 510 0 bentures .. .. .. 33 0 0 91 12 8 Waitemata County Council debentures 192 0 0 Auckland City Council debentures .. II 16 0 Auckland Savings-bank .. .. 6 14 1 298 10 1 £391 12 8 £391 12 8