E.—7

62

ACCOUNTS AND BALANCE-SHEET. Statement of Eeceipts and Expenditure for the Year ending 31st December, 1908. General Account. Receipts. £ s. d. Expenditure. £ s. d. Balance, 31et December, 1907 .. .. 292 2 5 Salaries of etaff .. .. .. 1,489 7 7 Interest OD capital .. .. .. 929 1 10 Maintenance of students and staff .. 1,866 17 11 Rent of reserves .. .. .. 1,712 6 3 Farm wages (including £250, of Director's Sales of farm-produce— salary) .. .. .. .. 715 9 10 Wool .. .. .. .. 82 11 2 Purohases of live-stock-Dairy .. .. .. .. 108 0 8 Sheep .. .. .. .. 207 14 0 Wheat .. .. .. .. 589 6 11 Horses .. .. .. .. 45 0 2 Oats, &c. .. .. .. .. 98 14 2 Trade accounts (including freights, sackx, Sales of livestock — woolpucks, binder-twine, bran, linseed, Sheep .. .. .. .. 1,157 15 8 cement, hardware, &o.) .. .. 273 17 5 Pigs .. .. .. .. 333 5 3 Manures .. .. .. .. 235 9 2 Cattle .. .. .. .. 72 14 9 Seeds .. .. .. .. 160 3 9 Students'fees .. .. .. .. 1,739 7 7 Implements—Purchasea and repairs .. 113 12 3 Maintenance of students and staff (includ- Laboratories —Chemicals, drugs, &o. .. 93 16 5 ing refunds for board of farm employees) 69 0 3 Contingencies (College)— Sundry expenses Trade accounts—Sales of Racks, poultry, &c. 80 9 3 of Director and staff, farmers'luncheon, Sales of books to students .. .. 33 8 6 expenses in connection with appointLaboratories—Refunds for drugs, &o. .. 53 2 11 ment of Director, &c.. .. .. 294 18 1 Contingencies (farm) —Show prizes .. 27 12 0 Orohard, grounds, and plantations—Wages, Stationery, exchange on cheques . w 16 0 &o. .. .. .. .. .. 133 11 6 Staff salaries—Refund of excess paid .. 018 8 Buildings, repairs .. .. .. 72 13 5 Contingencies (College)— Deposit paid to Rates—Local and water .. .. 66 17 11 hold for students' expenses, &c. .. 47 14 10 Insurance (College) — Buildings, and acEgg laying competition—Sales of eggs .. 279 211 countant's guarantee .. .. .. 26 10 4 Subdivision of Hakataramea (refund) .. 163 10 0 Insurance (farm) — Buildings, maohinery, Prizes and certificates (donations) .. 6 6 0 grain, and employers' liability.. .. 47 11 7 Contingencies (farm) —Expenses in conneotion with shows, sales, &c. .. .. 35 6 1 Farm fuel—Coal for engine .. .. 1 14 0 Permanent improvements — Labour and material .. .. .. .. 162 14 1 Stationery, stamps, telegrams, rent of telephone, and mail-bag, &c. .. .. 64 4 2 Library—Books and periodicals .. .. 29 14 8 Students' books—Purchase of books and instruments .. .. .. .. 33 13 1 Workshops—Wages, material, and tools .. 126 12 0 Students'travelling-expenses .. .. 47 12 8 Travelling-expenses of Board of Governors 38 0 0 Printing and advertising .. .. 22 14 0 Contributions to churches .. .. 10 0 0 Prizes and certificates .. .. .. 19 11 6 Saddlery—lnstructor's fees and material.. 57 1 10 Egg-laying competitions—Wages and feed 219 2 2 Examiners' fees .. .. .. 10 10 0 Scholarships .. .. .. .. 60 0 0 Students'fees—Refund of overcharge .. 13 6 8 Subdivision of Hakataramea Runs .. 458 6 10 Credit balance, 31st December, 1908 .. 624 211 £7,877 18 0 £7,877 18 0 Capital Account. £ c. d. £ s. d. Balance, Ist January, 1908 .. .. 23,213 10 5 Balanoe, 31st December, 1908 .. .. 25,506 3 8 Sale of freehold, at Hakataramea .. 2,292 13 3 £25,506 3 8 £25,506 3 8 Investment Account. £ s. d. £ s. d. Repayment of deposit at call with Perma- Balanoe, 31st December, 1907 .. .. 1,500 0 0 nent Investment and Loan Association.. 1,500 0 0 Deposited with Permanent Investment and Balance, 31st Deoember, 1908 .. .. 2,500 0 0 Loan Association at 4 per cent, for one year .. .. .. .. 2,500 0 0 £4,000 0 0 £4,000 0 0 Mortgage of Freehold Account. £ ' s. d. ] £ s. d. Part repayment of principal .. .. 5,000 0 0 Balanoe, 31st Deoember, 1907 .. .. 20,000 0 0 Balance, 31st Deoember, 1908 .. .. i 5,000 0 0 £20,000 0 0 £20,000 0 0