E.—7,

SCHOOL OF MUSIC. Statement of Receipts and Payments. Receipts. £ s. d. Payments. £ s. d. Education Board .. .. .. .. 330 0 0 Salaries .. .. .. .. .. 725 0 0 Student fees . . .. .. . . .. 258 16 6 Library .. . . .. .. .. 519 9 Deficit, transferred to Arts and General .. .. 185 6 5 Sundries .. .. .. .. .. 18 3 2 Administration .. .. .. .. 25 0 0 £774 2 11 £774 2 11 Statement of Income and Expenditure. Expenditure. £ s. d. Income. £ s. d. Salaries .. .. . . .. .. 725 0 0 Auckland Education Board .. .. .. 300 0 0 Sundries .. . . .. . . .. 18 3 2 Student fees .. .. .. .. .. 258 16 6 Share of administration .. . . .. .. 25 0 0 Balance .. .. .. .. .. 209 6 8 £768 3 2 £768 3 2 £ s. d. Balance from Income and Expenditure .. .. 209 6 8 Deficit for 1937 transferred to Arts and General In- £ s. d. Capital purchases, 1937, Library .. .. .. 519 9 come and Expenditure Account . . .. 215 6 5 £215 6 5 £215 6 5 WORKERS' EDUCATIONAL ASSOCIATION. Statement oe Receipts and Payments. Receipts. Payments. Balance, Ist January, 1937 — £ s. d. £ s. d. Salaries— £s. d. £ s. d. Bank of New Zealand .. .. 61 4 8 Director .. .. .. 500 0 0 Post Office Savings-bank .. .. 351 7 7 Tutors .. .. .. .. 424 0 0 412 12 3 924 0 0 Statutory grant — Library books and periodicals .. .. .. 47 11 9 January-March, £750 .. .. 187 10 0 Stationery .. .. .. .. . . 67 8 2 April-December, £1,000 .. .. 750 0 0 Advertising .. .. .. .. . . 32 17 0 Extra, April-December, £250 .. 187 10 0 Lighting and heating .. . . . . .. 13 8 6 1,125 0 0 Lecture requisites .. .. .. .. 20 11 1 Interest, Post Office Savings-bank .. .. 5 3 8 Sundries .. .. .. .. .. 4 17 1 Grant from national endowment .. .. 250 0 0 Balance, 31st December, 1937— Post Office Savings-bank .. .. 594 1 3 Bank of New Zealand .. . . 88 1 I — 682 2 4 £1,792 15 11 £1,792 15 11 Statement op Income and Expenditure, Expenditure. Income. £ s. d. Salaries. £s. d. £ s. d. Interest, Post Office Savings-bank .. . . 5 3 8 Director .. .. .. 500 0 0 Share of national endowment grant: Auckland Tutors .. .. .. .. 424 0 0 University Council . . .. .. 250 0 0 924 0 0 Statutory grant .. .. .. ■ • 1,125 0 0 Stationery .. .. .. .. .. 67 8 2 Advertising .. .. .. .. .. 32 17 0 Lighting and heating .. .. .. .. 13 8 6 Lecture requisites .. .. .. .. 20 11 1 Sundries .. .. .. .. . . 4 17 1 Excess income over expenditure .. .. 317 1 10 £1,380 3 8 £1,380 3 8 £ s. d. £ s. d. Capital purchases: Library .. .. .. 47 11 9 Balance from income and expenditure .. .. 317 110 Transfer to accumulated funds .. .. .. 269 10 1 £317 1 10 £317 1 10 Balance-sheet as at 31st December, 1937. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Carnegie grant for adult education . . .. 412 12 3 Library .. .. .. .. .. 565 0 0 Accumulated funds . . .. 600 0 0 Office equipment .. . . .. 18 0 0 Add capital purchases . . .. 47 11 9 Cash — Add excess income over expenditure, Bank of New Zealand .. .. 88 1 1 1937 .. .. .. 269 10 1 Post Office Savings-bank .. .. 594 1 3 682 2 4 917 1 10 Less depreciation .. . . 64 11 9 852 10 1 £1,265 2 4 £1,265 2 4

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