E.-7.

20

Income and Expenditure Account. Expenditure. £ s. d. Income. £ s. d. Salaries .. .. .. .. .. 1,847 1 9 Government grant .. .. .. .. 750 0 0 Office expenses .. -.. .. .. 780 National endowment from Auckland University Stationery .. ..- .-.- .. .. 3 9 0 College Council .. .. .. .. 350 0 0 Travelling-expenses .. .. .. .. 88 10 0 Subsidies on donations— £ s. d. General exponses .. .. .. .. 0 5 0 Received .. .. .. 326 17 3 Excess of income over expenditure .. .. 77 0 9 Due .. .. .. 135 0 0 — 46.1 17 3 Donations, District Council .. .. . . 461 17 3 £2,023 14 6 £2,023 14 6 £ s. d. £ s. d. Capita] purchases—Library books .. .. 43 1 7 Balance from income and expenditure .. .. 77 0 9 Balance .. .. .. .. .. 33 19 2 £77 0 9 £77 0 9 Balance-sheet as at 31st December, 1927. Liabilities. £ s. d. £ s. d. Assets, £ s. d. Carnegie Library Fund .. .. 254 7 11 Library .. .. .. .. .. 437 15 11 Subsidy .. .. .. 254 711 Furniture .. .. .. .. .. 10 0 508 15 10 Subsidy due.. .. .. .. .. 135 0 0 Accumulated funds .. .. 761 9 0 £ s. d. Add excess of income over expend!- Cash at Bank of New Zealand .. 264 13 10 ture .. .. .. 77 0 9 Cash at Auckland Savings-bank .. 508 15 10 838 9 9 • 773 9 8 £1,347 5 7 £1,347 5 7 SINCLAIR AND GILLIES SCHOLARSHIP. Receipts and Payments Account. Receipts. £ s. d. £ s. d. 1 Payments. £ s. d. Balance at Auckland Savings-bank, Ist Scholarships .. .. .. .. .. 200 0 0 January, 1927 .. .. .. 202 9 3 Investment surplus funds —Auckland City Council Balance in hand .. .. .. 6 0 0 debentures .. .. .. .. .. 200 0 0 208 9 3 General expenses .. .. .. .. 212 6 Interest — Cash at Auckland Savings-bank at 31st December, Soldier Settlement Loan—Government 1927 .. .. .. .. 93 2 7 bond .. .. .. .. 5 10 0 New Zealand inscribed stock .. 49 10 0 Auckland Electric-power Board de- ■ bentures ...... 33 0 0 Waitemata County Council debentures 192 0 0 Auckland City Council debentures .. 0 6 11. Auckland Savings-bank .. .. 6 18 11 — ■ 287 5 10 £495 15 1 £495 15 1 Income and Expenditure Account. Expenditure. £ s. d. Income. Scholarship .. .. .. .. .. 200 0 0 Interest— £ s. d. Expenses .. .. .. .. .. 212 6 Soldier Settlement Loan —Government bond .. 510 0 Excess income over expenditure .. .. .. 84 13 4 New Zealand inscribed stock .. .. .. 49 10 0 Auckland Electric-power Board debentures .. 33 0 0 Waitemata County Council debentures .. .. 192 0 0 Auckland City Council debentures .. .. 0 611 Auckland Savings-bank .. .. .. 6 18 11 £287 5 10 £287 5 10 Balance-sheet as at 31st December, 1927. • Liabilities. £ s. d. Assets. Capital Fund .. .. .. .. .. 3,000 0 0 New Zealand inscribed stock (5 per £ s. d. £ s. d. £ s. d. cent. (£900) .. .. .. 829 2 6 Accumulated income ' .. .. 1,937 11 9 New Zealand Government bond (Soldier Add excess income over expenditure Settlement Loan) .. .. 100 0 0 for period ending 31st December, 929 2 6 1927 ..' .. .. 84 13 4 Auckland Electric-power Board de2,022 5 I. bentures (5J per cent.) .. .. 600 0 0 Waitemata County Council debentures (6 per cent.) .. .. .. 3,200 0 0 Auckland City Council debentures (5J percent.) .. .. .. 200 0 0 — 4,000 0 0 Cash, Auckland Savings-bank .. .. .. 93 2 7 £5,022 5 1 £5,022 5 1 "Ti- —ttt—.t ■ ■■ sc^= =saaa= ,r.', ■ .111,111 |