E.—2.

16. Statement of Accounts and Balance-sheet of the Whanganui College Board of Tbustees fob the Yeab ended 31st December, 1938—continued. General Dr. .. .. .. £ s. d. £ s. d. Gr. £ s, d. Kates .. .. .. .. 491 1 8 Rents .. .. .. .. .. 4,634 13 1 Salaries .. .. .. .. 843 0 0 Garden .. .. .. .. .. 107 12 7 Audit fee .. . . .. .. 23 2 0 Boys' extras — Management sundrios .. .. 77 14 8 School .. .. . . .. .. 75 15 7 Office rent .. .. .. 72 0 0 St. George's .. .. .. .. 11 2 5 Postages, &c. . . .. .. 121 310 Commissions . . .. . . .. .. 412 2 Printing, stationery, &c. .. .. 66 18 10 Repairs and maintenance : Estate .. 63 13 3 4,833 15 10 Legal expenses .. .. .. 34 19 3 Transfer from School Account .. .. .. 169 11 5 1,793 13 6 Contributions to Provident Fund .. .. 656 3 5 Reserve for doubtful debts .. . . .. 180 0 0 Tayforth land written off .. .. .. 550 0 0 3,179 16 11 Transfer from St. George's Account .. .. 1,409 15 8 4,589 12 7 Transfer to Balance Account .. .. .. 413 14 8 £5,003 7 3 £5,003 7 3 Balance-sheet as at 31st December, 1938. Liabilities. Assets. £ s. d. £ s. d. Boys' accounts outstanding—- £ s. d. £ s. d. Balance Account at 31st December, Collegiate School .. .. 1,616 13 9 1937 .. .. .. 8,174 12 1 St. George's .. .. .. 202 2 4 Plus— 1,818 16 1 Bonuses on insurance policies 204 14 0 Rent accounts outstanding .. .. 886 5 9 Transfer of Interest Account. . 82 8 2 Collegiate School— Transfer from General Account 413 14 8 Buildings .. .. .. 81,705 0 0 8,875 911 Furniture .. .. .. 2,370 0 0 Sundry creditors .. .. .. 41 11 11 Pianos .. .. .. 350 0 0 School funds .. .. . . . . 161 4 6 84,425 0 0 Provident Fund .. .. .. 8,731 12 8 St. George's School—■ Mortgagos— Buildings .. .. .. 25,797 011 A.H.P. Society, Ist January, 1934 109,000 0 0 Furniture .. .. .. 920 0 0 Less repaid to 1938. . .. 2,985 0 0 26,717 011 Estate improvements— 106,015 0 0 Roads .. .. .. 13,004 1 11 Tayforth land .. .. 1,455 0 0 Buildings .. .. .. 2,650 0 0 Grey Street house .. .. 850 0 0 Block 1b .. .. .. 650 0 0 108,320 0 0 Grey Street house .. .. 973 4 4 Temporary deposits .. .. .. 7,479 0 10 Avenue house .. .. 335 14 11 Prize Fund endowments . . 596 14 0 — 17,613 1 2 Scholarship endowments .. 3,716 19 3 Tayforth land .. .. .. .. 950 0 0 4,313 13 3 Sinking funds — Reserve for doubtful debts .. .. 508 7 2 St. George's loan .. .. 7,493 15 0 Suspense— First earthquake loan.. .. 511 18 0 Accrued interest .. .. 1,154 8 2 Second earthquake loan . . 352 1 0 Rates .. .. .. 728 18 9 8,357 14 0 Household accounts .. .. 640 16 11 Steward's stores on hand .. .. 354 1 9 Repairs, &e. : Buildings . . 250 0 0 Boys' extras paid but not charged— Sundries .. .. .. 156 18 0 Collegiate School .. .. 1,242 16 5 St. George's .. .. .. 239 19 7 2,931 1 10 1,482 16 0 Less. £s. d. Earthquake alterations— Fees .. . . 187 5 0 School .. .. .. 700 0 0 Sundries .. 38 15 5 St. George's . . . . .. 600 0 0 226 0 5 1,300 0 0 —- 2,705 1 5 Sundry debtors .. .. 2,577 19 6 Bank of New South Wales .. 5,148 11 4 Steward's petty cash .. .. .. .. 50 18 6 Plus unprosented cheques .. 257 I 5 Cash on hand .. 1. .. .. 7 19 9 5,405 12 9 £146,541 13 5 £146,541 13 5 G. W. Cubeie, Chairman. J. P. Williamson, Secretary. Auditor's Report and Cebtificate.—l have audited the books and accounts of the Whanganui College Board of Trustees for the year ended 31st December, 1938, and have obtained ail the information and explanations required by me. 1 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 the explanations given to me and as shown by the books at that date. —T. Ballingall, F.P.A.N.Z., A.1.C.A., auditor.

Approximate Cost of Paper.—Preparation, not given: printing (1,310 copies), £150.

By Authority: E. V. Paul, Government Printer, Wellington—l 939.

Price Is. yd.]

85