E.—7

54

Balance-sheet as at 31st December, 1927. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Capital at 31st December, 1926 .. 5,384 10 3 Furniture .. .. .. .. .. 794 15 6 Add excess income over expenditure 468 II 7 Site .. .. .. .. .. 1,100 0 0 5,853 110 Buildings .. .. .. .. .. 3,500 0 0 Amount owing to General Account .. .. 37 17 8 Cash .. .. .. .. .. 496 4 0 £5,890 19 6 £5,890 19 6 * BEVERLY TRUST ACCOUNT. Statement of Receipts and Payments. Receipts. £ s. d. Payments. £ s. d. Balance on Ist January, 1927— Repairs .. .. .. .. .. 338 12 6 Debentures .. .. .. .. 7,605 5 0 Expenses .. .. .. .. .. 12 12 0 Cash .. .. .. .. .. 462 2 3 Rates .. .. .. .. .. 344 15 3 Rents .. .. .. .. .. 1,577 3 0 Commission .. .. .. 83 13 2 Interest .. .. .. .. .. 440 3 1 Insurance .. .. .. .. .. 13 6 7 Scholarships .. .. .. .. .. 120 0 0 Salaries .. .. .. .. .. 600 0 0 Interest advanced .. .. .. .. 10 8 9 Balance on 31st December, 1927— Debentures .. .. .. .. 8,315 5 0 Cash .. .. .. .. .. 246 0 1 £10,084 13 4 £10,084 13 4 Statement op Income and Expenditure. Expenditure. £ s. d. Income. £ s. d. Repairs .. .. •■ •• •• 338 12 6 Rents .. .. .. .. .. 1,635 16 8 Expenses .. .. .. • ■ • • 12 12 0 Interest, .. .. .. .. .. 449 14 9 Rates .. .. .. .. • • 344 15 3 Commissions and petty expenses .. .. 103 17 7 Insurance .. .. . • •■ • - 13 6 7 Salaries 600 0 0 Scholarships .. .. .. .. .. 120 0 0 Balance carried to Accumulated Income .. 552 7 6 £2,085 11 5 £2,085 11 5 Accumulated Income Account. £ s. d. £ s . d. Appropriation to capital .. .. .. 755 17 7 Balance, Ist January, 1927 .. .. .. 571 9 8 Balance, 31st December, 1927 .. .. .. 367 19 7 Balance transferred from Income and Expenditure Account .. .. .. .. .. 552 7 6 £1,123 17 2 £1,123 17 2 ' ■I'TTT" T ■" i f » Tfl ,v-ii r-t CTV Balance-sheet as at 31st Decembeb, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital Account .. .. .. •• 20,961 5 6 Freehold property as per Government valuation . . 12,600 211 Accumulated income .. .. .. •• 367 19 7 Debentures and inscribed stook .. .. 8,315 5 0 Trustees, Executors, Co.—Amount owing, for com- Rents accrued .. .. .. .. 58 13 8 missions and petty expenses .. .. .. 20 4 5 Interest accrued .. .. .. .. 129 710 Cash in bank .. .. .. .. 246 0 1 £21,349 9 6 £21,349 9 6 * Memo. —The transactions incorporated in these accounts in respect of tho administration of certain assets by the Trustees, Executors, and Agency Co., Ltd., cover a period of fifteen months.