E.—7,

GENERAL ACCOUNT—continued. Statement of Income and Expenditube. Expenditure. £ a. d. Income. £ s d Advertising.. .. .. .. .. 50 17 0 Sale of calendars .. .. .. .. 31 1 3 Biology .. .. .. .. , . 579 io 2 Examination fees .. .. . . 843 10 6 Calendars .. .. .. .. .. 16113 8 Fees .. .. .. 13 153 16 6 Chemistry 310 8 6 Government grant .. .. .. .. 17! 252 0 0 Cleaning and. general . . .. . . .. 101 11. 0 Payment from Students' Association .. .. 20 0 0 Contingencies .. .. .. .. 158 9 2 National-endowment grant .. .. 3 381 16 9 Examination expenses .. .. .. 146 19 11 Interest .. .. .. .. .. '5210 0 Geology .. .. .. . ~ 311 T. G. Macarthy Account: Interest .. .. 370 16 3 "rounds .. .. .. .. 5 7 9 Sale of notes .. .. 155 14 0 Heat and light .. .. . . .. 690 16 5 Rent of reserves .... 10 Insurance .. .. .. .. .. 161 7 7 Interest, School of Economics Account .. .. 144 10 0 Legal expenses .. .. .. .. 9 16 Rent of garage .. .. .. .. 4 0 0 Special grant: Library .. ~ .. 28 10 0 Library salaries .. .. .. 1,138 15 0 Maintenance.. .. ~ .. 158 0 0 Office expenses .. .. .. .. 296 12 7 Office salaries .. .. „ . .. 1,698 6 3 Physics .. .. .. .. .. '550 16 9 Printing and stationery .. .. . . 173 12 7 Psychology .. .. .. .. . . 75 3 2 Salaries . . .. .. .. . . 24,674 7 2 Telephone .. .. .. .. .. 112 1 8 Travelling-expenses .. .. .. .. 532 9 6 Water .. .. .. .. .. 67 7 0 Grant to Students' Association.. .. .. 73 9 3 Hire of films.. .. .. .. .. 5 10 0 Balance .. .. .. .. .. 3,480 12 1 £35,444 16 9 £35,444 16 9 Balance-sheet as at 31st December, 1938. Liabilities. £ s. d. Assets. Scholarships Funds Accounts, &c. .. .. 68,954 6 8 General Funds— £ s d £ s d Weir House Capital Account and liabilities .. 47,757 3 5 Cash at Bank of New Zealand .. 1,171 810 Carnegie grant for Workers' Educa- £ s. d. Cash at Post Office Savinfstional Association Library .. 167 6 0 bank Less balance, Income and Ex- General Account .. .. 5,778 4 9 penditure Account .. .. 8 7 4 Subsidy Account .. .. 196 14 9 158 18 8 A. D. Crawford Account: Received 7 140 s 4 from trustees .. 5,000 0 0 LessPlus balance, Income and Ex- Workers' Educational Assopenditure Account .. .. 48 12 10 ciation tutorial classes, — 5,048 12 10 £579 12s. lid.; S. A. Fees in advance .. 3 3 0 Rhodes Account, £49 Fees overpaid .. .. .. 0 10 0 17s. lOd. ; T. G. Macarthy Sundry creditors 149 15 0 Account, lis. 4d. .'. 630 2 1 £ s. d. Accumulated Fund .. ..112,129 2 5 6 516 6 3 Less depreciation .. .. 2,551 16 2 Plus due from Carnegie Library i Account .. .. 27 3 1 109,577 6 3 | q 543 9 4 Plus balance, Income and Expen- Trust Funds : Cash at Bank of New Zealand .. 1,353 5 5 diture Account .. .. 3,480 12 1 : Cash at Post Office Savings-bank .. .. 5,389 10 8 113,057 18 4 Debentures: School of Economics .. .. 3,400 0 0 Debentures and inscribed stock: Trust Funds .. 57,182 2 6 Shares—S. A. Rhodes Account: Paparoa Co. .. 330 0 0 Weir House loan .. .. .. .. 2,681 0 0 Sundry debtors .. . . ~ ~ 41 6 5 Accrued interest .. .. .. ~ 873 13 0 College buildings and equipment (less depreciation)—- £ s. d. College buildings .. . . 59,795 0 3 Library books .. .. 10,991 10 0 Caretaker's cottage .. .. 268 0 0 Laboratory fittings .. . . 2,009 3 5 Apparatus .. .. .. 5,492 9 6 Fencing and grounds .. .. 1,751 6 5 Furniture and fittings.. .. 5,454 16 0 Bicycle-shed . . . . 97 5 0 Carpenter's shop . . .. 87 10 8 S. A. RhodesOffice equipment .. . . 86 3 7 Motor-car .. . . . . 225 5 10 Carnegie Library Books— General ..' .. .. 4,886 4 9 Workers' Educational Association .. .. .. 158 19 6 Workers' Educational Association— Office equipment . . . . 517 10 Office car .. . . . . 269 4 5 I - 91,578 17 2 College land .. .. . . .. .. 18,000 0 0 Weir House assets .. ~ . . . . 47,757 3 5 £235,130 7 11 £235,130 7 11

18