E.—7

8

Balance-sheet, 31st December, 1926, Capital. Assets. £ s. d. £ s. d. £ s. d. £ s. d. General Account .. 12,766 11 10 Bank of New Zealand Ordinary Scholarship Ac- (Ordinary Scholarship count .. .. 45,526 8 3 Account) .. .. 509 2 0 Macmillan-Brown Scholar- Less unpresented cheques 8 16 0 ship in Agriculture .. 2,198 14 7 500 6 0 Tinline Scholarship .. 2,094 6 9 Bank of New Zealand (UniPrize Accounts— versify National ScholarBowen .. .. 183 9 6 ship Account) .. 69 16 8 Macmillan-Brown .. 372 9 3 Less unpresented cheques 69 16 8 Cook .. .. .. 175 15 10 Habens .. .. 187 9 4 Bank of New Zealand (Tinvon Haast .. .. 383 19 2 line Account) .. 45 17 0 Arnold Atkinson .. 131 2 5 Less unpresented cheques 17 10 6 Haydon .. .. 47 7 4 — 28 6 6 Christie . . .. 129 1 2 Post Office Savings-bank Sir J. G. Wilson .. 176 0 3 (General Account) .. 8,946 17 3 64,372 15 8 Accrued interest .. 143 II 7 Interest accrued undivided .. 194 8 5 — 9,090 8 10 Suspense Account .. 43 9 1 Post Office Savings-hank (Ordinary ScholarBank of New Zealand .. 1,454 16 3 ship Account) .. .. .. 71 10 6 Add unpresented cheques 875 3 9 Cash in hand .. .. . . 21 6 0 2,330 0 0 Cash in hand (English Agent) .. .. 4,853 0 1 Due to petty cash .. 5 7 5 Fixed deposits .. ~ 3, 753 0 3 Due to Ordinary Scholarship Mortgages .. .. .. .. 20,250 0 0 Account .. .. 17 10 6 Municipal debentures .. .. .. 13,182 8 3 22 17 11 War-loan certificates .. .. .. 262 8 0 New Zealand Government inscribed stock 14,249 8 3 Shares .. .. ~ .. 50 0 0 Sundry debtors . . .. . . 151 3 5 Office furniture . . .. . • 500 5 0 £66,963 11 1 £66,963 11 I E. T. Nokkis, Registrar. Tlie Audit Office, having examined the balance-sheet and accompanying accounts required by law to be audited, hereby certifies the same to be correct subject to the following exceptions : (1) The payment of the travelling-expenses of a member of the Rhodes Scholarship Selection Committee is without authority of law ; (2) the bank overdraft* is without statutory authority.— G. F. C. Campbell, Controller and Auditor-General.

* Immediately adjusted by transfer from Post Office Savings-bank of £2,300.