E.—lo,

7

Statement of Receipts and Payments for the Year, ended 31st December, 1928- —continued. Receipts—continued. £ 3. d. Payments■— continued. £ s. d. Brought forward .. .. 53,764 14 4 Brought forward .. .. 40,133 14 7 By Dairy cattle purchased, plus charges .. .. 1,062 11 3 Horses purchased .. .. ~ ... 50 0 0 Sheep Account— Sheep purchased .. .. .. ] ~278 9 2 Wages and sundry expenses .. .. 217 15 10 Pig Research Account — £ s. d. Pigs purchased .. .. 220 1 8 Wages and sundry expenses .. 160 0 10 Feed for feeding trials .. 55 18 7 — 436 1 1 Milking-shed wages and expenses .. 604 18 9 Maintenance of horses.. .. .. 143 8 8 Maintenance of tractor .. .156 17 M) Less refunds duty .. .. 14 5 4 — 142 12 6 Wages—Sowing and cultivation of farm crops, harvesting, top-dressing, &c. .. 701 13 4 Manure .. .. .. .. .. 419 15 2 Manurial experiments—Manure and labour .. 192 1 0 Seed .. .. ... .. .. 151 5 5 Rates .. .. .. .. .. 34 5 7 Water rates .. .. ... .. I'o> 19 4 Renewal tools and implements ... .. 50 5 1 Sundry farm expenses .. .. .. 58 7 1 Draining (materials and wages) .. .. 253 9 6 £ s. d. Fencing (materials and wages) .. 1,489 17 9 Less refunds .. 13 6 2 — 1,476 11 7 Roading (materials and. wages) .. .. 1,098 9 4 Shelter-belts (materials and wages) .. .. 32 15 3 Water-service (materials and wages) .. .. 725 6 6 Sundry wages .. .. ... 253 10 1 Wages accrued, 31st December, 1927 .. 44 1 11 Balance— £ s. d. Bank of New Zealand .. 4,917 18 11 Less outstanding cheques .. 780 0 11 .4,137 18 (l Post Office Savings-bank .. 54 8 4 4,192 6 4 £53,764 14 4 £53,764 14 4