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EDUCATION DEPARTMENT—continued. Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital provided by Treasury at Ist April, 1926 3,403,709 1 11 National Development Account— Education Loans Account — £ s. d. Grants to Education and other Loans outstanding .. 2,931,071 13 3 Boards for sites, buildings, Loans redeemed £ equipment, &c.— £ s. d. under Public Debt For elementary education .. 3,979,345 16 9 Repayment Act 16,780 For kindergartens .. .. 4,462 310 Loans redeemed For secondary education .. 700,720 2 1 from Ordinary For higher education .. 571,337 15 7 Revenue Account 21,980 For technical education .. 653,390 1 9 Transfers from Con- For training of teachers .. 154,172 310 solidated Fund 100,000 For education of the blind .. 33,000 0 0 138,760 0 0 6,096,428 > J > 3,069,831 13 3 Departmental assets — Reserve for depreciation .. .. .. 44,703 0 4 Lands, &c. .. .. 50,278 15 7 Boys, &c., licensed at service—Wages in hands Buildings .. .. .. 231,846 12 7 of Department .. .. .. .. 83,494 6 10 Hydro-electric service .. 834 4 3 Sundry creditors .. .. .. .. 47,453 12 7 Water service .. .. 946 17 1 Amounts paid to Department in advance .. 737 10 2 Furniture, fittings, &c. .. 20,975 1 2 School for the Deaf Account—lncome from Farm and other plant, implebequests for special purposes .. .. 155 14 10 ments, &c. .. .. 5,576 2 5 School for the Deaf Capital Account—Bequests Motor-cycles and cars .. 3,648 9 8 for special purposes .. .. .. 2,120 16 1 Typewriters and mechanical Stores Suspense Account .. .. .. 489 18 5 appliances .. .. 1,506 16 6 Treasurv Adjustment Account .. .. 3,382,862 19 5 Libraries .. .. .. 392 18 1 316,005 17 4 Stocks of material on hand 31st March, 1927 — School books and requisites .. 1,794 10 4 General stores .. .. 12,323 6 9 Farm-produce .. .. 2,638 17 0 Live-stock .. .. 3,062 11 6 19,819 5 7 Stores Deficiency Account .. .. 489 18 5 Amounts paid by Department in advance .. .. .. .. 11 15 0 Sundry debtors .. .. 71,584 16 3 Less reserve for bad debts .. 17,329 0 0 54,255 16 3 Amounts due by Government Departments .. .. 370 19 4 54,626 15 7 Official stamps on hand .. .. .. 33 2 2 Cash in hands of Public Trustee—Sumner bequest 2,120 16 1 Cash in Public Account—Sumner bequest .. 155 14 10 Deposits in Post Office Savings-bank (wages of boys and girls at service, &c.) .. .. .. 83,494 6 10 Education Loans Account — Balance in Account, 31st March, 1927 .. 56,161 16 10 Balance from Income and Expenditure Account .. 3,406,211 1 4 £10,035,558 13 10 j £10,035,558 13 10 | = 7 -.- r - rr^ C. E. Crawford, A.R.A.N.Z., Accountant. 13th October, 1927. A. Bell, for Director of Education. Note. —The following charges are included for which the Department possesses no parliamentary appropriation : (a) Rental value of offices, &c., as assessed by the Public Works Department; (b) interest on capital.* The fees for the maintenance of children in the care of the State have not been credited to separate institutions. The working-expenses of the institutions have little connection with the amount of fees collected on account of the inmates, and in any case the work involved in making an allocation of this revenue is out of proportion to any result obtained. I hereby certify that the Income and Expenditure, Trading, Profit and Loss Accounts, and Balamce-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-General.

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