43

E.—7

efficiency of the management. The farm stock has also been maintained at its former high standard, the proof of this so far as the stud stock is concerned being the most gratifying result obtained by sending a small consignment of stock to the last Royal Show at Auckland, when ten entries succeeded in carrying off eight championships, in addition to class and special prizes. The Board of Governors is pleased to be able to state that more interest is being taken in the College work each year. The attendance at the annual gathering last December was by far the largest that has been at these gatherings, and not only was the attendance gratifying, but the genuine interest taken in the College work by those attending was most encouraging. There is no question nowadays of the farmers' appreciation of education and research work into his problems. R. E. Alexander, Director. STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER, 1926. Receipts and Payments. Receipts. £ s. d. Payments. £ s. d. Balance brought forward from 1925 .. 2,472 17 11 Books for students .. .. .. 84 9 6 Books for students (sales) .. .. 44 2 6 Buildings, repairs, and maintenance .. 235 14 10 College contingencies .. .. .. 284 0 3 College contingencies .. .. .. 1,183 510 Students'fees .. .. .. 2,262 0 0 College insurances .. .. .. 78 17 11 Insurance commissions .. .. 22 12 6 Laboratories .. .. .. .. 230 4 1 Interest on Deposit Account .. .. 40 0 0 Library .. .. .. . . 40 14 11 Interest on Capital Account .. .. 684 8 3 Orchard and grounds .. .. . . 198 16 6 Interest on Post Office Savings-bank Ac- Premiums on endowment, policies .. 179 6 6 count .. .. .. .. 112 0 Permanent improvements .. .. 1,191 13 9 Laboratory and veterinary fees . . 129 2 6 Prizes and certificates .. .. .. 914 6 Refund premiums on endowment insurance 93 12 8 Printing and advertising .. .. 18 910 Prizes and Certificates Account .. 24 0 0 Rates .. .. ... .. 215 15 8 Rents of reserves .. .. .. 3,544 14 2 Staff salaries .. .. .. .. 3,000 8 2 Stationery sales .. .. .. 13 10 6 Students'maintenance .. .. 3,848 13 4 Wheat Board Account (seed-cleaning) .. 1,190 16 6 Stationery .. .. .. .. 97 9 4 Grants from New Zealand Government .. 1,700 0 0 Students'travelling-expenses .. .. 89 14 3 Grants from New Zealand Government on Board travelling-expenses .. .. 129 16 2 Bursar's Account .. . . .. 40 0 0 Wheat Board Account (seed-cleaner) . . 389 0 0 Farm contingencies—Refunds .. .. 103 10 5 Donations to Churches .. .. 10 0 0 Wool, skins, and fat .. .. .. 900 7 6 Farm contingencies .. .. .. 1,889 15 7 Dairy-produce .. .. .. 261 10 3 Grain .. .. .. .. 518 13 0 Wheat .. .. .. .. 1,939 4 0 Farm insurances .. .. .. 43 12 7 Other grain .. .. .. .. 986 0 9 Farm implements .. .. . . 767 2 6 Live-stock .. .. .. .. 6,152 15 6 Live-stock .. .. .. .. 1,047 18 9 Saddlery—-Refunds .. .. .. 516 0 Manures .. .. .. .. 356 5 4 Farm trades .. .. .. .. 392 1 2 Seeds .. .. .. .. 195 19 11 Farm wages—Refunds.. .. .. 28 0 7 Saddlery .. .. .. . . 90 7 6 Farm trades .. .. .. . . 682 15 3 Farm wages .. .. .. .. 2,145 19 10 Workshops .. .. .. .. 286 11 11 Balance .. .. .. .. 4,059 8 10 £23,316 16 I £23,316 16 1 Investment Account. £ s. d. [ £ s. d. Balance brought forward from 1925 .. 11,500 0 0 I Balance in Mortgage of Freehold Account 11,500 0 0 Bank Reconciliation. £ s. d. £ s. d. Cash in bank, 31st December, 1926 .. .. .. .. 2,066 7 4 Less outstanding cheques, 31st December, 1926 .. .. 48 15 0 2,017 12 4 In Post Office Savings-bank .. . . .. .. .. .. 41 16 6 On deposit with Permanent Investment and Loan Co. .. .. .. 2,000 0 0 £4,059 8 10 Examined and found correct, subject to the exception that the deposit of College funds with the Permanent Investment and Loan Co. is without statutory authority.—G. F. C. Campbell, Controller and Auditor-General.

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