E.—7,

STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER, 1938. Statement oe Receipts and Payments. Receipts. £ s. d. Payments. Grant ex New Zealand School of Agriculture .. 15,000 0 0 Balance, Ist January, 1938 — £ s. d. £ s. d. Research grants— £ s. d. Bank of New Zealand .. .. 1,023 14 10 Field-drainage research .. .. 200 0 0 Less credit at Post Office SavingsFlax research . . .. .. 530 810 bank .. .. .. 1 17 4 Pig research .. .. .. 300 0 0 1,021 17 (i Plant research .. .. .. 307 6 0 Salaries and and wages .. .. .. 20,465 4 1 Sterility research .. .. 750 0 0 No. 13 Scheme: Subsidized labour .. .. 1,493 311 2,087 14 10 Replacements of plant .. . . .. 302 5 0 Proportion salaries of Librarian and Professor of Repayment of balance of loan .. .. .. 120 0 0 Dairying: Ex Department of Scientific and Repayment to Depreciation Reserve Fund .. 40 0 0 Industrial Research .. .. .. .. 829 6 0 Transfer of donation to Reserve Fund .. . . 21 8 3 Carnegie Library grant .. .. .. 123 10 10 Investment: Bailey Bequest .. . . .. 280 0 0 Donations — £ s. d. Farm purchases, research and administration exSterility research .. .. 14 14 0 penses, and sundry expenditure .. .. 17,345 17 1 General .. .. .. 21 8 3 Balance, 31st December, .1938 — £ s. d. 30 2 3 Bank of New Zealand .. .. 372 10 11 Interests- Post Office Savings-bank .. 1 17 11 Sir Walter Buchanan Endowment 782 10 0 - 374 8 10 Sir John Logan Campbell Endowment .. .. .. 902 7 8 Sundry .. .. .. I 16 11 1,686 14 7 Fees .. .. .. .. 5,297 7 II Less refund .. .. .. 6 0 0 5,291 7 11 Subsidies—No. 13 Scheme : Labour .. .. 1,351 14 11 Proceeds of farm stock and produce, and sundry receipts .. .. .. .. .. 14,777 17 11 Bailey Bequest .. .. .. .. 279 15 5 £41,464 4 8 £41,464 4 8 Statement oe Income and Expenditure. Expenditure. Income. Salaries and wages — £ s. d. £ s. d. £ s. d. Professors, Lecturers, &c. .. 11,477 13 4 Grant ex New Zealand School of Agriculture .. 15,000 0 0 Administrative .. .. 1,523 0 0 Interest — £ s. d. Cleaning and caretaking .. 397 3 8 Sir Walter Buchanan Endowment 763 15 0 Grounds .. .. .. 625 9 4 Sir John Logan Campbell Endow - Sundry .. .. .. 292 10 9 ment .. .. .. 902 7 8 — 14,315 17 1 Sundry .. .. . . 9 5 5 Calendars and prospectuses .. .. .. 62 14 6 1,675 8 1 Advertising courses .. .. .. .. 53 4 0 Fees — Bulletins .. .. •• •• •• 60 8 6 Full-time courses .. .. 4,361 4 3 Stationery, printing, and sundry office expenses .. 182 14 1 Short courses .. .. .. 1,415 2 0 Telephones and postages .. .. .. 233 16 8 Lighting, heating, and power .. .. .. 430 10 1 5,776 6 3 Water .. • • • • ■ • • • 182 9 3 Less demonstration excursions 53 12 0 Staff travelling-expenses .. .. .. 273 8 1 5,722 14 3 Library .. .. .. • • • • 388 13 6 Balance carried down .. .. .. 106 1 0 Lectures : Materials .. .. . . .. 444 17 10 Repairs, maintenance, and alterations of buildings 511 16 8 Repairs to artesian well .. .. .. 48 4 8 Cleaning-materials .. .. .. . • 26 17 2 Roads 187 15 4 Grounds : Materials .. .. .. .. 68 7 7 Audit expenses .. .. .. .. 42 10 6 Expenses of Board meetings .. .. .. 219 3 9 Insurance .. .. .. .. 75 511 Wool research expenses .. .. .. 208 17 0 Dairy-factory working .. .. .. 76 10 4 Unauthorized expenditure .. .. .. 27 2 7 Sundry expenses .. .. .. . • 124 5 3 Chairs, lecture benches, and lockers .. .. 185 3 1 Hostel maintenance .. .. .. 3,788 19 11 Depreciation furniture, office equipment, hostel equipment, and grounds equipment .. .. 284 10 0 £22,504 3 4 £22,504 3 4 £ s. d. Surplus. £s. d. Balance brought down .. .. .. •• 106 I 0 Sheep Farm Account .. .. .. .. 212 11 Deficiency Pig Experimental Account .. .. 40 .15 3 Dairy Farm Account .. .. .. .. 93 11 0 Balance, being surplus for year .. .. .. 68 12 3 Poultry Farm Account.. .. .. .. 119 4 7 £215 8 6 £215 8 6

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