E.—7,

SCHOOL OP ENGlNEERlNG—continued, Balance-sheet as at 31st December, 1938. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Capital .. .. .. 33,026 18 8 Buildings .. .. .. .. .. 20,668 6 0 Less Income and Expenditure .. 421 16 10 Equipment and apparatus .. 6,506 18 6 32,605 110 Less depreciation .. .. 650 12 0 Sundry creditors .. .. .. .. 27 6 6 5,856 6 6 Furniture and fittings .. 295 19 11 Less depreciation .. .. 29 10 0 266 9 11 Plus purchases, 1938 .. .. 20 1 1 286 11 0 Library books .. .. .. .. 800 0 0 Sundry debtors— Students'fees .. .. .. .. 15 11 6 Testing fees .. .. .. .. 59 13 6 Investments .. .. .» .. 2,254 17 6 Cash .. .. .. . • • 2,691 2 4 £32,632 8 4 £32,632 8 4 WORKERS' EDUCATIONAL ASSOCIATION. Statement of Receipts and Payments. Receipts. £ s. d. Payments. £ s. d. Balance .. .. .. .. .. 425 15 1 Salaries .. .. .. .. .. 1,426 17 8 Government grant .. .. .. .. 1,145 16 8 Library books .. .. .. .. 31 12 5 National endowment .. .. .. .. 250 0 0 Rental of rooms .. .. .. .. 86 12 6 Box Scheme fees .. .. .. .. 82 1 2 Box Scheme expenses.. .. .. .. 162 0 8 Interest .. .. .. .. .. 47 7 3 Administration .. .. .. .. 39 0 0 Carnegie Corporation grant .. .. .. 124 310 Printing and stationery, &c. .. .. .. 75 16 3 Balance .. .. .. .. .. 253 4 6 £2,075 4 0 £2,075 4 0 Statement of Income and Expenditure. Expenditure. £ s. d. Income. £ s. d Salaries .. .. .. .. .. 1,426 17 8 Government grant .. .. .. .. 1,437 10 0 General expenses .. .. .. .. 393 14 7 Grant from Carnegie Corporation .. .. 124 3 10 Equipment and apparatus depreciation .. .. 5 18 0 Box Scheme fees .. .. .. .. 82 I 2 Capital: Transfer of balance .. .. .. 114 12 0 National endowment .. .. .. .. 250 0 0 Interest .. .. .. .. .. 47 7 3 £1,941 2 3 £1,941 2 3 Balance-sheet as at 31st December, 1938. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Capital .. .. .. .. 938 17 4 Equipment and apparatus .. .. 59 3 0 Plus Income and Expenditure .. 114 12 0 Less depreciation .. .. 518 0 1,053 9 4 53 5 0 Sundry creditors .. .. .. .. 19 13 6 Library books .. .. .. .. 100 0 0 Government grants not yet applied .. .. 187 10 0 Investments .. .. .. .. 750 0 0 Government grants owing .. .. .. 104 3 4 Cash .. .. .. .. .. 253 4 6 £1,260 12 10 £1,260 12 10

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