B.—l [Pt. IV].

EDUCATION DEPARTMENT—continued. Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. Capital provided by Treasury .. 3,343,917 17 1 National Development Account— Education Loans Account—• £ s. d. Grants to Education and other Loans raised .. .. 1,383,987 14 0 Boards for sites, buildings, Transfer from Consolidated equipment, &c. — £ s. d. £ s. d. Fund .. .. 100,000 0 0 For elementary education 3,201,861 13 3 1,483,987 14 0 For kindergartens .. 3,580 7 0 Reserve for depreciation .. .. 20,898 17 9 For secondary education .. 346,605 17 5 Sundry creditors .. .. 76,758 13 3 For higher education .. 296,933 0 9 Amounts paid to the Depart- For technical education .. 543,678 17 1 ment in advance .. 82 16 5 For training of teachers .. 80,018 3 8 Amount paid to Department For education of the blind.. 3,000 0 0 and held in suspense .. 7 10 6 4,475,677 19 2 76,849 0 2 Departmental assets — Treasury Adjustment Account .. .. 2,959,888 9 5 Land (including plantations) 51,549 1 2 Buildings .. .. 204,912 7 1 Water-service .. .. 616 17 1 Furniture, fittings, &c. .. 19,629 5 7 Farm plant, implements, &c. 5,046 8 0 Motor cycles and cars .. 4,155 3 1 Typewriters and mechanical appliances .. .. 1,233 9 0 Examination models .. 139 16 0 Boat .. .. .. 32 0 0 Library .. .. 251 3 11 School Cadet equipment .. 210 0 Hydro-electric works (preliminary surveys) .. 14 19 1 Sawmill (preliminary expenses) .. . . 130 13 7 ————- 287,732 3 7 Stocks of material, &c., on hand, 31st March, 1924 — School-books requisites, &c. 1,737 10 5 General stores .. .. 34,130 0 1 Farm-produce .. .. 1,650 10 9 Live-stock .. .. 2,715 1 10 40,233 3 1 Sundry debtors .. .. 67,008 10 3 Less reserve for bad debts 16,844 7 7 50,164 2 8 Amounts due by Government Departments .. .. 1,391 7 9 51,555 10 5 Amounts paid by Department in advance .. 47 0 0 Official stamps on hand .. .. .. 92 7 0 Education Loans Account— Balance in account .. .. 48,433 0 6 Balance from Income and Expenditure Account 2,981,770 14 8 £7,885,541 18 5 £7,885,541 18 5 C. E. Crawford, Accountant. A. Bell, Secretary. I hereby certify that the Income and Expenditure, Trading, Profit and Loss Accounts, and balance-shee have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, except that the accounts include charges for rent, interest, furniture, and grants to the Teachers' Superannuation Fund for which the Department possesses no parliamentary appropriation, and that in the opinion of the Audit Office the fees received for maintenance of inmates should be allocated to the various institutions.—J. H. Fowler, Deputy Controller and Auditor-General.

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