B.—l [PT. IY, Sup.] .

TEACHERS' SUPERANNUATION FUND—continued. BALANCE-SHEET AS AT 31ST JANUARY, 1927 —continued. Liabilities—continued. £ 3. d. Assets —continued. £ s. d. Brought forward .. .. .. 1,093,551 1 7 Brought forward .. . . 1,121,188 4 8 Government subsidy—Statutory grant paid in advance to 31st £ s. d. December, 1927 . . 39,416 13 4 Leas portion of additional subsidy (£25,000) voted for year to 31st March, 1927, not paid at 31st January, £20,833 6s. Bd.; additional subsidy under section 27 of Finance Act, 1925, not yet paid, £600 17s. 9d. .. 21,434 4 5 17,982 8 11 Vouchers issued but unpaid at 3lst January, 1927 .. .. 12,373 8 3 Less cash in hands of Post Office 2,720 14 1 9,652 14 2 £1,121,186 4 8 £1,121,186 4 8 Education Department, 0. E. Crawford, A.1.A.N.Z., Wellington, 30th April, 1927. Secretary, Teachers' Superannuation Board. I hereby certify that the Revenue Account 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. — G. F. C. Campbell, Controller and Auditor-General. TREASURY DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1927. Expenditure. Income. £ s. d. To Administrative charges— £ s. d. By Inscribed stock fees .. .. .. 761 19 0 Salaries .. .. .. .. .. 24,411 0 11 Fees—Stock transferred, London to New ZeaOffice requisites, &c. .. .. .. 195 3 4 land .. .. .. .. .. 226 Allowances, overtime .. .. .. 212 19 5 Balance carried down .. .. .. 63,370 6 11 Postages, &c. .. .. .. .. 1,762 12 2 Printing and stationery .. .. .. 4,286 5 3 Telegrams beyond Dominion .. 1,598 5 3 Telephone subscriptions .. .. .. 207 1 8 Office expenses .. .. .. .. 12 16 10 Travelling-expenses .. .. .. 1,095 1.9 7 Annual rental value of premises (a) .. .. 2,276 0 0 £ s. d. Bank exchange .. .. 1,006 8 3 Less recoveries .. .. 389 0 1 617 8 2 Expenses Local Government Loans Board .. 53 19 0 Legal expenses .. .. .. .. 017 6 Refund unclaimed money .. .. .. 178 13 2 Interest coupon lost in transit .. .. 2 5 0 Government Life Insurance Office Work performed .. .. .. .. 52 1 8 Depreciation .. .. .. .. 325 14 7 Consolidated stock—Management charges .. 26,816 5 0 Losses irrecoverable .. .. .. 28 19 11 £64,134 8 5 £64,134 8 5 £ s. d. To Balance brought down .. .. .. 63,370 611 By Recoveries on account of expenditure of £ s. d. Interest on capital (A) .. .. .. 165 2 3 previous years .. .. .. .. 30 0 0 Excess of expenditure over income .. .. 63,505 9 2 £63,535 9 2 £63,535 9 2 Notes. — The following charges are included for -which the Department has not obtained parliamentary appropriation : (a) Rental value as assessed by the Public Works Department; (6) interest at 4|- per cent, on capital as at Ist April, 1926. Depreciation has been allowed for on balances of assets as at the Ist April, 1926, the total charge being carried to Depreciation Reserve. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. Capital as at Ist April, 1926 .. .. .. 3,669 3 0 Office furniture, fittings, and equip- £ s. d. £ s. d. Sundry creditors for outstanding expenses .. 1,452 5 5 ment .. .. 1,525 7 7 Depreciation Reserve .. .. .. 1,157 14 0 Less provisionally written off .. 615 11 Treasury Adjustment Account .. .. 61,136 3 1 1,518 11 8. Mechanical appliances .. .. 2 ,151 18 5 Less provisionally written off .. 22 4 0 2,129 14 5 Library .. .. .. .. .. 84 9 1 Sundry debtors .. .. .. . . 166 5 4 Stock of stamps .. .. . . .. 7 7 4 Expenses paid in advance .. .. .. 3 8 6 Excess of expenditure over income .. 63,505 9 2 £67,415 5 6 £67,415 5 6 2nd September, 1927. A. D. Park, F.1.A.N.Z., Accountant to the Treasury. I hereby certify that the Income and Expenditure Account 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, subject to the above departmental notes, —G, F, C, Campbell, Controller and Auditor-Genera],

19— B. 1 [PT. IY, SUP.].

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