25

B.—l [Pt. IV].

EDUCATION DEPARTMENT— continued. Balance-sheet as at 31st March, 1923. Liabilities. £ s. d. Assets. £ S. d. Capital provided by Treasury .. .. 3,356,781 12 3 National Development Account— Education Purposes Loans Ac:- Grants to Education and other Boards for count — £ s. d. sites, buildings, equipment, <fee. .. .. 4,149,217 17 9 Debentures .. .. 1,350,900 0 0 Assets held by the Department— £ s. cl. Inscribed stock .. .. 32,599 13 8 Land .. .. .. 43,99115 10 1,383,499 13 8 Buildings .. .. 209,474 3 10 Reserve for depreciation .. 12,720 2 3 Furniture, fittings, &c. .. 19,403 8 4 Reserve for bad debts .. 10,314 14 4 Farm plant, implements, &c. 4,022 10 9 23,040 10 7 Motor cycles and cars .. 3,736 2 5 Sundry creditors .. .. 58,471 17 10 Typewriters and mechanical Amounts paid to Department appliances .. .. 1,094 0 0 in advance .. .. 0 3 3 Examination models .. 139 10 0 58,478 1 1 Boat .. .. .. 32 0 0 Amounts held in suspense .. .. 27 0 10 Library .. .. .. 229 17 11 Treasury Adjustment Account .. .. 2,858,305 3 0 School Cadet equipment .. 22 0 0 282,745 15 1 Stocks of material, &c, on hand— School-books, &c. .. 1,356 3 11 General stores .. .. 44,837 15 8 Farm-produce .. .. 2,105 19 4 Live-stock .. .. 2,998 2 6 51,298 1 5 , iindcry debtors— Government Departments .. 2,800 17 7 Other debtors .. .. 62,046 6 7 64,847 4 2 Amounts paid in advance; . . . . .. 444 3 2 Official stamps on hand .. .. .. 80 0 8 Education Purposes Loans Account — Cash in account .. .. .. 243,025 12 8 Balance from Income and Expenditure Account 2,887,807 12 0 £7,080,132 7 5 £7,080,132 7 5 C. E. Crawford, Accountant. A. Bell, Secretary. 4 I hereby certify that the Income and Expenditure, Trading, Profit and Loss Accounts, and balance-sheet have, been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, except that the accounts include charges for rent, interest, furniture, and grants to the the Teachers' Superannuation Fund for which the Department possesses no parliamentary appropriation, and that certain amendments, of which the Department has been duly notified, are desirable in future statements. —• G. F. C. Campbell, Controller and Auditor-General.

4—B. 1 [Pt. IV].