E.—7

10

STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER, 1924. Income and Expenditure Account. Income. Expenditure. Government grants— £ s. d. £ s. d. £ s. d. £ s. d. Statutory .. .. 12,665 7 9 Temporary accommodation .. 35 17 0 Capitation .. .. 165 0 0 Salaries.. .. .. 19,942 6 4 Education library .. 100 0 0 Less grant to Professor of 12,930 7 9 Education .. .. 779 3 4 University of New Zealand— 19,163 3 0 National endowment .. 1,031 14 4 Premiums .. .. .. 11l 4 5 Less grant to Workers' Printing .. .. 312 1 9 Educational Associa- Printing calendars .. 60 19 5 tion .. .. 350 0 0 Stationery and advertising 175 11 6 681 14 4 — 548 12 8 Endowments— Cleaning .. .. 44 15 4 Rents from property .. .. 769 5 3 Lighting and heating .. 376 310 Sales investments, interest — — — 420 19 2 Auckland City Council Water .. .. .. 53 8 6 (£10,200) .. .. 510 0 0 Electric power .. .. 125 7 4 Auckland Electric - power 178 15 10 Board (£300) .. 10 13 10 Insurances .. .. .. 140 11 2 War bonds .. .. 5 0 0 Lecture requisites— Fixed deposit .. .. 0 15 9 Accountancy .. .. 3 8 0 526 9 7 Architecture .. .. 9 3 6 Education reserves .. .. .. 553 5 11 Geology .. .. 12 5 1 Royalties .. .. .. .. 84 18 0 Law .. .. .. 2 7 0 Interest on invested funds —• Education .. .. 266 11 5 Mortgages .. .. 218 11 4 293 15 0 Debentures, Auckland City Grants— Council (£400) .. 16 0 0 Biology .. .. 62 4 8 234 11 4 Chemistry, general .. 336 8 2 Donation, New Zealand Society of Chemistry, special .. 72 1 0 Accountants .. .. .. 100 0 0 Engineering .. .. 136 2 6 Subsidy accrued .. .. .. 100 0 0 Physics .. .. 154 1 5 Student fees, 1924 .. .. .. 8,550 17 6 760 17 9 College fees, 1924 .. .. .. 1,037 8 0 Office expenses .. .. .. 35 19 9 Sundries— Audit expenses .. .. .. 22 10 0 Annual examination en- Graduation expenses .. .. .. 13 6 0 trance fees .. .. 308 3 6 General expenses .. .. .. 48 6 7 Less expenses .. .. 295 8 6 Interest and commission .. .. 9 3 2 — 12 15 0 Library and maintenance .. .. 167 3 9 Music examination entrance Legal expenses .. .. .. 21 19 3 fees .. 90 10 6 Property expenses .. .. .. 51 11 6 Less expenses .. 67 1 6 j Repairs .. .. .. .. 487 3 3 23 9 0 School of Music .. .. .. 24 8 6 Sale of calendars and books 31 10 3 Travelling-expenses .. .. .. 44 011 Duplicating .. .. 15 3 Appointments to staff .. .. 250 0 0 Fines .. .. ..56 15 6 Music scholarship . . .. .. 2110 Testing fees .. 90 10 0 Workers' Educational Association burHire of rooms .. .. 010 6 sary .. .. .. .. 14 2 0 ———— 180 11 6 Telegrams, postage, &c. .. .. 158 19 10 Depreciation— £ s. d. Science equipment .. 908 4 2 Engineering equipment .. 413 17 6 Engineering building .. 359 2 6 Library .. .. 331 13 2 Science furniture .. 81 14 1 Engineering furniture .. 15 10 4 Arts accommodation .. 351 11 0 Office furniture and fittings 156 8 7 2,618 1 4 Excess of income over expenditure .. 162 10 4 £25,785 13 2 £25,785 13 2