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Balance-sheet. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Accumulated funds, Ist January, Library .. .. .. . . 292 12 7 1925 .. .. .. 682 18 4 Furniture .. .. .. .. 100 Plus excess income over ex- Cash at Post Office Savings-bank .. . . 487 5 8 penditure, 1925 .. .. 97 19 11 780 18 3 £780 18 3 £780 18 3 SINCLAIR AND GILLIES SCHOLARSHIPS. Receipts and Payments Account. Receipts. Payments. Cash in Auckland Savings-bank, £ s. d. £ s. d. Waitemata County Council de- £ s. d. £ s. d. Ist January, 1925 .. .. .. 292 9 0 bentures .. .. .. .. 3,200 0 0 Interest—• Scholarships.. .. .. .. 200 0 0 Mortgages.. .. .. 132 14 0 Cash in Auckland Savings-bank, Auckland Savings-bank .. 817 8 31st December, 1925 .. 77 0 8 New Zealand inscribed stock 49 10 0 Cash in hand, 31st December, Soldier Settlement Loan de- 1925 .. .. .. 45 0 0 bentures .. .. 5 10 0 122 0 8 Auckland Electric - power Board debentures .. 33 0 0 229 11 8 Repayment of mortgage—Gleeson .. 3,000 0 0 £3,522 0 8 £3,522 0 8 Income and Expenditure Account. Expenditure. £ s. d. | Income. Scholarships .. .. .. .. 200 00 j Interest — £ s. d. £ s. d. Excess income over expenditure .. .. 68 3 5 Mortgages.. .. .. 126 5 9 Inscribed stock—Soldier Settlement Loan debentures .. 55 0 0 Auckland Electric -power Board debentures .. 33 0 0 Waitemata County Council debentures .. .. 45 0 0 259 5 9 Auckland Savings-bank .. 3 17 8 Auckland Savings-bank accrued .. .. .. 5 0 0 ' 8 17 8 £268 3 5 . £268 3 5 Balance-sheet. Liabilities. j Assets. £ s. d. £ s. d. J £ s. d. £ s. d. Capital Fund . . .. .. 3,000 00 J SJ-per-cent. stock (£900) .. 829 2 6 Accumulated Income, 3 Ist j New Zealand Government December, 1925 j bonds (Soldier Settlement (£1,867 95.); less amount Loan) .. .. .. 100 0 0 written back on New —— 929 2 6 Zealand Government bond Auckland Electric - power (£1) .. .. .. 1,866 9 0 Board debentures, 5J per Plus excess income over ex- ! cent. .. .. .. 600 0 0 penditure, 31st December, j Waitemata County Council de--1925 . ; .. 68 3 5 ! bentures, 6 per cent. .. 3,200 0 0 1,934 12 5 3,800 0 0 Interest accrued— ■ H Soldier Settlement Loan— I New Zealand inscribed stock .. .. 25 4 3 Auckland Electric - power Board debentures .. 8 5 0 j Waitemata County Council debenture .. 45 0 0 Bank interest . . .. 5 0 07. .'"v: . S3 3 .. Cash in Auckland Savings-bank 77 0 8 •- Cash in hand .. .. 45 0 0 " V• • 122 0 8 £4,934 12 5 £4,934 12 5

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