B.—l [Pt. IV, Sup. B].

69

EDUCATION ENDOWMENT DEPOSIT ACCOUNT.-SECONDARY. Revenue Account for the Year ended 31st March, 1924. £ s. d. £ s. d. To Loan repayments (principal and interest) By Accrued rents, &o. .. .. .. 9,314 19 9 section 63, Land Laws Amendment Interest on cash held by Public Trustee 43 14 1 Act, 1913 .. .. .. 22 17 9 Balanoe carried down .. .. 72 6 7 Administration expenses .. .. 480 11 9 Rotorua College and Grammar School 640 8 8 Payments to secondary schools .. 8,287 2 3 £9,431 0 5 £9,431 0 5 £ s. d. £ s. d. To Balanoe brought down .. .. 72 0 7 By Balance from previous years .. 4,529 410 Adjustment on account of previous years 290 16 9 Balance .. .. .. .. 4,100 I (i £4,529 4 10 £4,529 4 10 Statement op Receipts and Payments for the Year ended 31st March, 1924. Receipts. £ s. d. : Payments. £ s. d. To Balance in Public Account, Ist April, ; By Payments to secondary schools .. 8,287 2 3 1923 .. .. .. .. 3,014 010 I Rotorua College and Grammar School 040 8 8 Rents, &c, received under Education Administration expenses .. .. 661 4 4 Reserves Amendment Act, 1914 .. 9,504 10 1 i Refunds of revenue .. .. 2 0 0 Balance in Public Account, 31st March, 1924 .. .. .. .. 3,588 7 8 £13,179 2 11 £13,179 2 11 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Capital, including loading for roads, &c. 199,114 13 3 Land .. .. .. .. 199,370 510 Sundry creditors— £ s. d. Miscellaneous .. .. .. 1,452 911 Sundry debtors for rents .. 817 0 7 Rents paid in advance .. .. 610 0 Less reserve for irrecoverRoyaltios pajd in advance .. .. 0 16 able rents .. 15 15 11 Rents written off Suspense . . .. 54 18 2 801 10 8 Rotorua College and Grammar School .. 5,763 12 0 Miscellaneous —Sundry debtors .. 112 4 Revenue Account—Balance .. .. 4,166 1 6 Rents written off Suspense .. .. 54 18 2 Overpayments to secondary schools .. 5,763 12 0 Cash held by Public Trustee .. .. 971 19 8 Cash in Public Account .. .. 3,588 7 8 £210,558 6 4 £210,558 0 4 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Chief Accountant. I hereby certify that the Receipts and Payments Statement, Revenue Account, and balancesheet have been duly examined and compared with the copies of journal entries of the District Land Boards, and correctly state the position as disclosed thereby, except that the Revenue Account includes rents due for the period Ist July, 1923, to 30th June, 1924, and that Capital Account is overstated by the total amount the land was loaded for roading, &c, and in the opinion of the Audit Office instalments of principal included in loan repayments should not be a charge against Revenue Account. —G. F. C. Campbell, Controller and Auditor-General.