B.—l [PT. IV].

EDUCATION DEPARTMENT —continued. Income and Expenditure Account—continued. Factory, Wellington. Trading Account for the Year ended 31st March, 1926. Expenditure. £ s. d. Income. £ s. d. To Stocks of material and unfinished work at Ist By Goods manufactured and issued .. .. 1,721 3 I April, 1925 .. .. .. .. 1,310 9 6 Sale of rags .. .. .. .. 4 9 2 Issues from Central Store .. .. 187 5 3 £ s. d. Wages .. .. .. .. .. 466 7 2 Stock (material) at 31st March, 1.926 613 3 Balance carried down .. .. .. 319 7 9 Stock (partly manufactured) at 31st March, 1926 .. .. .. 551 4 2 557 17 5 £2,283 9 8 £2,283 9 8 Profit and Loss Account. Expenditure. £ s. d. Income. £ s. dTo Bemoval expenses .. .. .. .. 23 16 10 By Balance brought down .. .. .. 319 7 9 Alterations to fittings, &c. .. .. .. 54 8 8 Power and light .. .. .. .. 20 4 11 Bent .. .. .. .. .. 20 0 0 Depreciation on plant, &c. .. .. .. 26 0 0 Head Office administration charges .. .. 15 0 0 Interest on capital .. .. .. .. 27 0 0 Balance (profit) carried to Stores Summary Account 132 17 4 £319 7 9 £319 7 9 Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 3,401,927 8 0 National Development Account— Education Loans Account — £ s. d. Grants to Education and Loans raised .. .. 2,402,871 13 3 other Boards for sites, Transfer from Consolidated buildings, equipment, Fund .. .. 100,000 0 0 &c. — £ s. d. £ s. d. —-— — 2,502,871 13 3 For elementary education 3,737,704 18 2 Reserve for depreciation .. .. .. 37,644 12 7 For kindergartens .. 4,384 6 2 Boys, &0., licensed at service—Wages in hands of For secondary education 559, 629 13 5 Department .. .. .. .. 77,376 14 0 For higher education .. 445,225 5 0 Sundry creditors .. .. .. .. 51,364 2 3 For technical education.. 615,789 7 1 Amounts paid to Department in advance .. 342 10 9 For training of teachers.. 144,341 2 8 Hutt High School Board—Amount of rent held For education of the blind 26,725 15 2 intrust .. .. .. .. 219 10 6 5,533,800 7 8 School for the Deaf Account—lncome from Departmental assets — bequests for special purposes .. .. 124 9 4 Land, &c. .. .. 55,181 10 1 Stores Suspense Account .. .. .. 4,988 14 1 Buildings .. .. 217,946 10 9 Treasury Adjustment Account .. .. 3,267,572 16 6 Hydro-electric service .. 703 18 6 Water service .. . . 616 17 1 Furniture, fittings, &c. .. 20,030 8 1 Farm and other plant, implements, &c. .. 5,084 15 2 Motor-cycles and cars .. 3,930 10 7 Typewriters and mechanical appliances .. .. 1,403 16 6 Library .. .. 340 5 1.0 305,238 12 7 Stocks of material on hand, 31st March, 1926 — School-books and requisites 378 9 9 Genera] stores .. .. 16,203 19 3 Farm-produce .. .. 2,689 5 5 Live-stock .. .. 2,732 19 6 Stores Deficiency Account 4,988 14 1 26,993 8 0 Amounts paid by Department in advance .. 279 3 4 £ s. d. Sundry debtors .. .. 79,283 13 5 Less reserve for bad debts.. 20,538 2 1 58,745 11 4 Amounts due by Government Departments .. .. 2,104 5 3 60,849 16 7 Deposits in Post Office Savings-bank (wages of boys at service, &c.) .. .. .. 77,376 14 0 Official stamps on hand .. .. .. 91 2 5 Education Loans Account—Balance in account 40,155 7 6 Balance from Income and Expenditure Account 3,299,647 19 2 £9,344,432 11 3 I £9,344,432 11 3 Note. —The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value of offices, &c., as assessed by Public Works Department; (b) interest on capital. The fees for the maintenance of children in the care of the State have not been credited to separate institutions. The working-expenses of the institutions have little connection with the amount of fees collected on account of the inmates, and in any case the work involved in making an allocation of this revenue is out of proportion to any result obtained. C. E. Crawford, A.R.A.N.Z., Accountant. 11th November, 1926. A. Bell, Secretary. I hereby certify that the Income and Expenditure, Trading, Profit and Loss Accounts, and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes.' —J. H. FOWLER, Deputy-Controller and Auditor-General.

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