E.—7.

STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER, 1938. Statement of Receipts and Payments. n Receipts. £ s. d. Payments. £ s. d. Balance .. .. .. ~ .. goo 0 0 Canterbury Agricultural College .. .. 11 500 0 0 Government grant .. .. 27,000 0 0 Massey Agricultural College 15,000 0 0 Interest, Post Office Savings-bank .. .. 012 10 Office equipment .. .. .. .. 75 4 Travelling . . .. .. .. ~ 326 1 2 Printing, stationery, &c. .. .. .. 23 5 2 Honorarium .. .. .. .. 50 0 0 Audit fee .. .. .. .. ~ 018 0 Balance .. ~ .. .. .. 599 3 2 £27,506 12 10 £27,506 12 10 Statement op Income and Expenditure. Expenditure. £ s. d. Income. £ s d Canterbury Agricultural College .. .. 11,500 0 0 Balance .. .. .. .. .. 463 5 6 Massey Agricultural College .. .. .. 15,000 0 0 Government grant .... 27 000 0 0 Travelling allowances and expenses .. .. 289 6 8 Post Office interest .. .. .. " '61210 Printing, stationery, and postages .. .. 23 5 2 Secretary's honorarium .. .. .. 50 0 0 Audit fee .. .. .. .. ~ 018 0 Depreciation : Office equipment .. .. 0 7 0 Balance .. .. .. .. .. 606 1 6 £27,469 18 4 £27,469 18 4 Balance-sheet as at 31st December, 1938. Liabilities. £ s. d. Income and Expenditure Account: Balance .. 606 1 6 Assets. £s d £ s d Office equipment .. .. ..754 Less depreciation .. .. ..070 6 18 4 Cash at Bank of New Zealand .. .. .. 72 10 4 Cash at Post Office Savings-bank .. .. .. 526 12 10 £606 1 6 £600 x 6

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