E.—B

12

Statement op Balances at 31st December — continued. Bank and Investments. £ s. d. £ s. d. Drawing Account .. .. .. .. .. .. •■ •• 11,481 Oil Less outstanding cheques .. .. .. .. .. .. 313 3 1 11,167 17 10 Cash in hand .. .. .. .. .. ■• •• •■ 3 11 1 Mortgages of freeholds .. .. .. .. .. .. .. 19,483 11 6 Mortgages of freeholds (Public Library) .. .. .. .. .. 1,666 8 6 City Council debentures .. .. .. .. .. .. .. 400 0 0 Post-Office Savings-Bank deposit .. .. .. .. .. .. 66 16 9 £32,788 5 8 Liabilities. Bank of New South Wales (No. 2 Account) .. .. .. .. .. .. .. 10,834 0 0 Public Library scrip .. .. .. .. .. .. .. .. .. ■ • 98 10 2 Canterbury Agricultural College (award) .. .. .. .. .. .. .. 5,300 0 0 Public Trust Department (loan) .. .. .. .. .. .. .. 4,000 0 0 Hon. E. C. J. Stevens (section, Hereford Street) .. .. .. .. .. .. 2,000 0 0 Emily Foster Memorial Fund.. .. .. .. .. .. •. • • • • 66 16 9 £22,299 6 11 Canterbury College, 12th January, 1904. Examined and found correct, except as to the payment of £100 interest on purchase-money of Hereford Street sections, the purchasing of the property mortgaged not being a transaction authorised by law. J. K. Warburton, Controller and Auditor-General.

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