25

B. —1 TPT. IV SUP. TO 1928

EDUCATION DEPARTMENT—continued. Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. £ s. d. Capital provided by Treasury at Ist April, 1927 3,418,630 7 6 National Development Account— Education Loans Account— £ s. d. Grants to Education Boards Loans raised .. .. 3,288,191 13 3 and other Boards for Inscribed stock .. .. 56,640 0 0 sites, buildings, equipTransferred from Consoli- • ment, &c., for— £ s. d. dated Fund .. .. 100,000 0 0 Elementary education .. 4,168,922 19 I 3,444,831 13 3 Kindergartens .. 4,462 3 10 Reserve for depreciation .. .. 34,795 110 Secondary .. .. 794,579 2 0 Boys and girls at service— Higher .. .. 618,070 17 11 Wages in hand of Depart- Technical .. .. 684,665 610 ment .. .. .. .. 86,472 10 9 Training .. .. 160,521 3 1 Sundry creditors .. .. .. 52,750 18 6 Education of the blind 38,000 0 0 Amounts paid to Department 6,469,221 12 9 in advance— Departmental assets — Education Gazette .. 34 2 4 ' Land .. .. .. 50,300 0 0 School Journal .. .. 215 8 1 Buildings .. .. 246,034 5 8 Gramophones .. .. 590 610 Hydro-electric service .. 1,269 17 4 Pianos .. .. .. 135 0 0 Water service .. .. 993 12 10 974 17 3 Furniture, fittings, &c. .. 21,808 6 3 School for the Deaf, Sumner— Farm and other plant, impleIncome from bequests for special purposes .. 224 16 6 ments, &c. .. .. 5,586 0 4 Capital Account—Bequests for special purposes 2,120 16 1 Motor cars and cycles .. 5,065 111 Stores Suspense Account .. .. .. 72 15 4 Typewriters and office apTreasury Adjustment Account .. .. 3,437,153 16 7 pliances .. .. 1,569 13 9 Library .. .. 392 18 1 333,019 16 2 Stocks of material on hand, 31st March, 1928 — School-books and requisites 1,654 15 7 General stores .. .. 11,416 13 0 Farm-produce .. .. 2,445 19 9 Live-stock .. .. 3,407 1 6 Pianos .. .. .. 145 7 0 19,069 16 10 Stores Deficiency Account .. .. .. 72 15 4 Amounts paid in advance .. .. .. 16 5 0 Sundry debtors — General .. .. 86,148 0 10 Less reserves .. .. 18,302 0 1 67,846 0 9 Government Departments 507 3 7 68,353 4 4 Official stamps on hand, 31st March, 1928 .. 27 0 10 Cash in Post Office Savings-bank—Sumner bequests .. .. .. .. 224 16 6 Cash in hands of Public Trustee — Sumner bequests .. .. .. .. 2,120 16 1 Cash in Post Office Savings-bank—Wages of boys and girls at service .. .. .. 86,472 10 9 Cash in Education Loans Account, 31st March, 1928 .. .. .. .. .. 57,714 8 9 Balance'—Excess of expenditure over income .. 3,461,714 10 3 £10,498,027 13 7 £10,498,027 13 7 Note.-—The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value of offices, &c., as assessed by the Public Works Department; (6) 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. A. Bell, for Director of Education. C. E. Crawford, A.R.A.N.Z., Accountant. 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. —G. F. 0. Campbell, Controller and AuditorGeneral.

4—B. 1 [PT, IV SUP. to 1928].