E.-7

SCIENCE RESEARCH SCHOLARSHIP. Receipts and Payments Account. Receipts. £ s. d. Payments. £ s. d. io Cash in bank, Ist January, 1925 .. 52 6 8 By Scholarship .. .. .. 75 0 0 Interest, Ellerslie Town Board debentures 82 13 4 Cash in bank, 31st December, 1925 .. 61 17 10 Bank interest .. .. .. 1 17 10 £136 17 10 £136 17 10 Income and Expenditure Account. Expenditure. Income. , £ s. d. Interest— .. £ s. d. £ s. d. Scholarship .. .. ~ .. 75 0 0 Ellerslie Town Board debentures 82 13 4 Excess income over expenditure .. .. 911 2 Bank .. .. .. 117 10 84 11 2 £84 11 2 £84 11 2 Balance-sheet. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Capital .. .. 2,000 0 0 6-per-cent. Ellerslie Town Board debentures 2,000 0 0 Accumulated funds .. .. 52 6 8 Cash at Auckland Savings-tank .. .. 61 17 10 Plus excess income over expenditure, 1925 .. .. 9 11 2 61 17 10 £2,061 17 10 £2,061 17 10 OUNSON SCHOLARSHIP OF AGRICULTURE. Balance-sheet. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. 1,300 0 0 i 6-per-cent. Waitemata County Council deben- ! tures .. .. .. .. 1,300 0 0 LI SSI E RATH BONE SCHOLARSHIP. Balance-sheet. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. 3,500 0 0 Northcote Borough Council debentures .. 3,000 0 0 Waitemata County Council debentures .. 500 0 0 £3,500 0 0 £3,500 0 0 M. R. O'Shea, Registrar.

16