R.—2.

16.—Statement of Affairs and Balance-sheet of the Whanganui College Board of Trustees for the Year ended 31st December, 1937—continued. General Account. Dr. £ s. d. £ s. d. Or. £ s. d. Interest .. .. .. .. 30 7 10 Rents .. .. .. .. 4,674 7 0 Rates .. .. .. .. 429 0 5 Book-room .. .. . . .. .. 144 10 1 Salaries .. .. .. .. 777 0 0 Garden .. .. .. .. 263 Audit fee .. .. .. 23 2 0 Boys' extras — Management .. .. .. 128177 School .. .. . . . . .. 98 8 11 Office rent .... .. 62 0 0 St. George's .. .. . . .. 1409 Postages, &c. .. .. .. 98 8 6 Commissions .. .. .. .. .. 3 16 4 Printing, stationery, &c. .. .. 71 19 11 Repairs and maintenance : Estate .. 130 10 5 4,937 9 4 Legal expenses .. . . .. 47 19 2 Transfer from Collegiate School Account .. .. 848 4 2 1,799 5 10 Contribution to Provident Fund .. . . 557 15 3 Tayforth land written ofi .. .. .. 593 15 8 Transfer from St. George's School Account .. 1,974 11 4 Transfer to Balance Account .. .. 860 5 5 £5,785 13 6 £5,785 13 6 Balance-sheet as at 31st December, 1937. Liabilities. Assets. Balance Account at 31st December, £ s. d. £ s. d. Boys' accounts outstanding— £ s. d. £ s. d. 1936 .. .. .. 7,109 12 8 Collegiate School .. .. 1,781 0 8 Plus — St. George's School .. .. 270 6 9 Bonuses on insurance policies 204 14 0 2,051 7 5 Transfer from General Account 860 5 5 Rent accounts outstanding .. .. 1,408 7 9 8,174 12 1 Collegiate School— Sundry creditors .. .. .. 15 10 0 Buildings .. .. .. 81,705 0 0 School funds .. .. .. .. 170 19 11 Furniture .. .. .. 2,669 0 0 Provident Fund.. .. .. . . 7,929 0 7 Pianos .. .. .. 400 0 0 Mortgages— 84,774 0 0 A.M.P. Society .. .. 107,773 15 0 St. George's SchoolLess repaid, 1937 .. .. 817 10 0 Buildings .. .. .. 25,797 011 Furniture .. .. .. 1,020 0 0 106,956 5 0 26,817 0 11 Tayforth land .. . . 1,455 0 0 Estate improvements— Grey Street house .. .. 850 0 0 Roads .. .. .. 13,004 1 11 109,261 5 0 Buildings .. .. .. 2,650 0 0 Temporary deposits .. .. .. 6,785 12 2 Block 1b .. .. .. 650 0 0 School Prizes Endowment Fund .. . . 596 14 0 Grey Street house .. .. 973 4 4 Scholarship endowments .. .. .. 3,716 19 3 Avenue house .. .. 340 14 11 Reserve for doubtful debts .. .. 684 16 3 17,618 1 2 Suspense Account — Tayforth land .. .. .. .. 1,500 0 0 Accrued interest .. .. 1,288 1 5 Sinking Funds— Rates .. .. .. 694 2 8 St. George's loan .. .. 6,854 16 3 Household accounts, &c. .. 655 5 3 First earthquake loan .. .. 445 1 6 Second earthquake loan .. 290 12 2 2,637 9 4 7,590 9 11 Less. £s. d. Sundry debtors .. .. .. .. 2,842 10 0 Fees .. .. 181 4 9 Steward's stores on hand .. .. .. 235 3 1 Sundries .. 31 5 5 Boys' extras paid but not charged— 212 10 2 Collegiate School .. .. 1,178 17 5 2,424 19 2 St. George's School .. .. 209 3 6 Bank of New South Wales .. 8,285 2 3 1,388 011 Plus unpresented cheques . . 360 13 4 Steward's cash on hand .. . . .. 96 4 4 8,645 15 7 Cash on hand .. .. .. .. 84 18 6 Earthquake alterations .. .. .. 2,000 0 0 £148,406 4 0 £148,406 4 0 G. W. Currie, Chairman. J. P. Williamson, Secretary. Auditor's Certificate. —I have audited the books and accounts of the Whanganui College Board of Trustees for the year ended 31st December, 1937, and have obtained all the information and explanations required by me. I report that in my opinion the above Balance-sheet is properly drawn up so as to show the true position of the affairs of the Trust according to the best of my information and explanations given to me and as shown by the books. —T. Ballingall, F.P.A.N.Z., A.1.C.A., Auditor.

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