21

E.—7.

SANDERS MEMORIAL SCHOLARSHIP. Receipts and Payments Account. Receipts. £ s. d. Payments. £ s. d. Balance, Auckland Savings-bank, Ist January, 1927.. 26 12 0 Scholarship .. .. .. .. ... 75 0 0 Interest — £ s. d. Supervising .. .. .. .. .. 1.1 .0 Waitemata County Council debentures 126 0 0 Advertising .... .. .. .. .. 18 0 Auckland Savings-bank .. .. 3 116 , Stationery .. .. .. ... .. 014 0 129 11 6 Investment —Auckland City Council debentures .. 100 0 0 From Auckland Savings-bank (Capital Fund) .. 79 5 3 Balance, Auckland Savings-bank, 31st December, 1927 57 5 9 £235 8 9 £235 8 9 Income and Expenditure Account. Expenditure. £ s. d. Income. £ s. d. Scholarship .. .. .. .. 75 0 0 Interest— Expenses .. .. .. .. .. 3 3 0 Waitemata County Council debentures .. .. 126 0 0 Excess income over expenditure .. .. .. 51 8 6 Auckland Savings-bank .. .. .. 311 6 £129 11 6 £129 11 6 Balance-sheet as at 31st December, 1927. Liabilities. Assets. £ s. d. £ s. d. Investments — Capital Fund .. .. .. .. 2,179 5 3 Waitemata County Council debentures, 6 per £ s. d. Accumulated funds .. .. .. 26 12 0 cent. .. .. .. .. .. 2,100 0 0 Add excess income over expenditure • - Auckland City Council debentures, 5J per cent... 100 0 0 for period ending 31st Deeembor, Cash at Auckland Savings-bank .. .". 57 5 9 1927 .. .. .. .. 51 8 6 ——— 78 0 6 £2,257 5 9 £2,257 5 9 LISSIE RATHBONE SCHOLARSHIP. Receipts and Payments Account. Receipts. £ s. d. £ s. d. Payments. £ s. d. Balance, Auckland Savings-bank, Ist Scholarship .. .. .. .. 50 0 0 January, 1927 .. .. .. 162 3 5 Investment—Auckland City Council debentures, Balance in hand .. .. 12, 0 0 5J por cent .. .. .. .. .. 300 0 0 174 3 5 Balance, Auckland Savings-bank, 31st December, Interest— 1927 .. .. .. .. .. 40 18 2 Northcote Borough Council debentures 180 0 0 Waitemata County Con noil debentures.. 30 0 0 Auckland Savings-bank debentures ~ 6 14 9 216 14 9 £390 18 2 £390 18 2 Income and Expenditure Account. Expenditure. £ s. d. Income. £ s. d. Scholarship .. .. .. .. 50 0 0 Interest .. .. .. .. .. 216 14 9 Excess income over expenditure .. .. .. 166 14 9 £216 14 9 £21.6 14 9 Balance-sheet as at 31st December, 1927. Liabilities. £ s. d. Assets. £ s. d< Capital Fund .. .. .. .. 3,500 0 0 Northcote Borough Council debentures, 6 per cent. 3,000 0 0 £ s. d. Waitemata County Council debentures, 6 per cent. 500 0 0 Accumulated funds. .. .. 174 .3.5 Auckland City Council debentures, 5J per cent. .. 300 0 0 Add excess income over expenditure . Cash at Auckland Savings-bank .. .. 40 18 2 for period ending 31st December, 1927 ...... 166 14 9 ■ 340 18 2 , . £3,840 18 2 £3,840 18 2