E.—3a.

2

the amounts of interest paid, and by whom. Other than house accounts all bills are passed for payment at a monthly meeting of the trustees, and at such meeting a cheque for each account is drawn and signed by two trustees. At each monthly -meeting the receipts and expenditure for the previous month are audited by the trustees, and the receipts for all moneys paid are produced to and examined by them. In addition to the above, the receipts and expenditure account for each month is audited by a paid auditor. W. C. Daldt, Chairman.

2.—Statement of Accounts. Beceipts and Expenditure Account for the Year ending 31st December, 1891. Dr. Beceipts. £ s. d. | Cr. Expenditure. £ s. d. To Balance from 1890 .. .. .. 10G 11 5' By Maintenance Account .. .. 1,013 7 9 Interest received .. .. .. G7l 9 0 Commission Account .. .. 16 15 6 Earnings Account .. .. .. 518 0 7 ■ General Expenses Account .. .. 27 3 6 Gifts Account (to Boys) .. .. 10 9 4 Repairs and improvements .. .. 54 1 9 Mortgages repaid .. .. .. 780 0 0 Savings-bank for boys .. .. 132 17 6 Boys' allowance .. .. .. 22 16 0 Holland, building workshop, and extras 183 17 0 In bank, 31st December, 1891 .. 620 0 2 Cash (manager's) .. .. .. 15 11 2 £2,080 10 4 ! £2,086 10 4 Capital Account. Dr. £ s. d. £ s. d. Cr. £ s. d. Costley bequest .. .. 12,150 0 0 Land and buildings .. .. .. 996 6 6 Less expended on buildings Mortgages .. .. .. .. 9,635 0 0 (authorised by statute) 3,000 0 0 Balance in cash .. .. .. 635 11 4 " • • 9,150 0 0 Eebccca Hodge bequest .. .. 672 3 9 Accrued interest invested .. 1,444 14 1 £11,266 17 10 £11,266 17 10 Revenue Account. Dr. £ s. d. Cr. £ s. d. To Commission Account .. .. 1C 15 6 By Balance from 1890 .. .. .. 1,077 7 8 General expenses .. .. .. 27 3 6 Interest received .. .. .. 671 9 0 Maintenance .. .. .. 1,013 7 9 Capital Account .. .. .. 434 9 6 Repairs and improvements .. .. 54 1 9 Earnings Account .. .. .. 518 0 7 Savings-bank for boys .. .. 132 17 6 Gifts Account (to Boys) .. .. 10 9 4 Boys' allowance .. .. .. 22 16 0 Accrued interest unpaid .. .. 174 11 4 Sundry creditors (interest unpaid) .. 174 11 4 Balance unexpended .. .. 1,444 14 1 £2,886 7 5 £2,886 7 5 I certify that I have examined the books and vouchers of the Costley Training Institute for the year ending the 31st December, 1891, and compared them with the balance-sheet and receipts and expenditure account, and find them to be correct, and that the above statements exhibit a true and correct statement of the affairs of the Institute ; and I further certify that I have personally examined the mortgage deeds, and find that the above sum of £9,635 is secured thereby. Auckland, 12th January, 1892. A. H. Gosset, Auditor. Approximate Cost of Paper.— Preparation, nil; printing (1,450 copies), £1 7s. 6d.

By Authority : Geobge Didsbuby, Government Printer, Wellington.—lB92. Price 3d.]