E.—ll.

Capital Account. Receipts. £ s. d. Exptnditure. £ s. d. Balance, Ist January, 1902 .. .. 20,587 15 8 Balanoe, 31st December, 1902 .. .. 20,587 15 8 Mortgage of Freehold Account. Receipts. £ s. d. Expenditure. £ s. d. Balance, 81st December, 1902 .. .. 20,000 0 0 Loan on security of 6,001 acres .. .. 20,000 0 0 Statement of Balances. Or. Accounts. £ s. d. Or. Bank and Investment. £ s. d. Capital Acoount .. .. .. 20,587 15 8 Drawing Acoount ..£1,169 7 6 General Account .. .. .. 172 13 3 Less outstanding oheques 408 18 7 760 8 11 Mortgage on freehold .. .. 20,000 0 0 £20,760 8 11 £20,760 8 11 W. Loweie, Director. Examined and found correct.—J. K. Waebueton, Controller and Auditor-General.

Approximate Cott of Paper.— Preparation, not given; printing (1,555 copies), JS2 16». 6d.

Authority : John Maokay, Government Printer, Wellington.—l9o3.

Price 3d.]

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