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Statement No. 2. Liabilities. Fixed Assets. £ s. d. Endowment Sales InvestEndowment sales .. .. .. 10,534 12 7 ment — £ s. d. £ s. d. Endowment royalty .. .. .. 580 12 4 Auckland City Council Endowment sinking fund .. .. 4,930 4 0 debentures .. 10,200 0 0 Engineering building reserve .. .. 1,200 0 0 Auckland Electrio-power Forestry funds .. .. .. 715 8 6 Board debentures .. 300 0 0 Annual examination fees in advance .. 515 6 Fixed deposit .. 34 12 7 Rents in advance .. .. .. 8 13 3 10,534 12 7 Students' fees in advance .. .. 11 10 0 Endowment Royalty InNew Building Fund .. .. .. 11,907 11 7 vestment— Revenue balance as at 31st £ s. d. Northcote Borough December, 1925 .. 8,411 7 10 Council debentures .. 400 0 0 Plus excess income over Waitemata County » expenditure .. 39 12 10 Council debentures .. 100 0 0 —— 8,451 0 8 500 0 0 Depreciation and Endowment Fund investment— Mortgages .. .. 3,525 0 0 Auckland City Council debentures .. 400 0 0 War-loan certificates .. 5 4 0 Ellerslie Town Board debentures .. 1,000 0 0 -—— 4,930 4 0 Physics notes in stock .. .. 13 12 0 Law notes in stock .. .. 13 10 0 DebtorsRent aocrued— Cooper .. .. 12 6 2 Yates .. .. 8 2 6 Rent arrears— Starr .. .. 38 7 3 Clinch .. .. 20 0 0 78 15 11 Mortgage interest — Accrued—Johnson .. 26 0 0 Arrears—-Ward .. 48 15 0 74 15 0 Students' fees—Arrears .. 9 5 0 Rathbone suspense .. .. 210 0 Cash, Bank of New Zealand, 31st December, 1925 .. .. 22,339 0 0 Less unpresented cheques 150 16 1 22,188 3 11 £38,345 8 5 £38,345 8 5 WORKERS' EDUCATIONAL ASSOCIATION. Receipts and Payments Account. Receipts. Payments. Cash at Post Office Savings- £ s. d. £ s. d. Salaries (1924, £37 10s.; 1925, £ s. d. £ s. d. bank, Ist January, 1925 .. .. 33 17 9 £1,835 2s. 7d.) .. .. 1,872 12 7 National-endowment grant .. 350 0 0 Library .. .. .. 106 2 0 Statutory grant, (1924, £500; General expenses .. .. 1 10 0 1925, £750) .. .. 1,250 0 0 Furniture .. .. 10 0 Donations.. .. .. 517 0 0 Stationery .. .. 818 1 Subsidies .. .. .. 390 0 6 Office expenses .. .. 12 17 0 Auckland University College Travelling-expenses .. 36 7 4 Council grant to library .. 25 0 0 Telegrams, postage, and ex2,532 0 6 change .. .. .. 0 9 11 Interest Post Office Savings- Appointments to Staff .. 46 17 2 bank .. .. .. .. 8 1 6 2,086 14 1 Cash at Post Office Savings-bank, 31st December, 1925 .. .. .. 487 5 8 £2,573 19 9 £2,573 19 9 Income and Expenditure Account. Expenditure. Income. £ s. d. £ s. d. Salaries. £s. d. £ s. d. Statutory grant .. .. 750 0 0 Mander .. .. .. 450 0 0 National endowment .. .. 350 0 0 Richmond .. .. 400 0 0 Grant to library (Auckland UniTutors .. .. .. 985 2 7 versity College) .. .. 25 0 0 1,835 2 7 1,125 0 0 General expenses .. .. 1 10 0 Donations .. .. .. 517 0 0 Stationery .. .. .. 818 1 Subsidies .. ~ .. 390 0 0 Office expenses .. . . 12 17 0 907 0 6 Travelling-expenses .. .. 36 7 4 Interest, Post Office Savings-bank .. 8 16 Telegrams, postage, and exchange 0 9 11 Appointments to staff .. 46 17 2 106 19 6 Excess of income over expenditure .. 97 19 11 £2,040 2 0 £2,040 2 0

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