E.—lo

8

Statement of Income and Expenditure for the Year ended 31st December, 1928. Expenditure. Income. £ s. d. £ s. d. £ s. d. To Salaries .. .. .. 7,240 5 7 By Government maintenance grants .. .. 15,000 0 0 Less refunds, Department of Students' fees .. .. .. .. 372 5 0 Scientific and Industrial Re- Interest— search, on account of dairy Sir Walter Buchanan endowment ~ .. 1,100 0 0 research and phormium re- Sir John Logan Campbell endowment .. 1,245 18 5 search .. .. .. 612 11 8 Bank of New Zealand .. .. .. 18 2 0 6,627 13 11 Post Office Savings-bank .. .. .. 53 8 4 Wages, cleaning offices and upkeep of grounds .. .. .. 382 1 2 j Sundry wages .. .. 261 15 1 Less sales of firewood cut .. 92 1 0 169 14 1 Staff house allowance .. .. .. 279 0 0 Examiners' expenses .. .. .. 24 17 10 General expenses .. .. .. .. 8196 Stationery .. .. .. .. 135 5 7 Printing calendars, prospectuses, pamphlets, &c. 72 10 0 Advertising courses .. .. .. 11 14 0 | Postages, telephones, telegrams, exchange and bank charges .. .. . . .. 154 6 9 Audit expenses .. .. .. .. II 14 0 Insurance, fire and accident.. .. .. 60 2 8 Expenses of meetings .. .. .. 229 13 7 ! Expenses of appointments .. .. .. 921 10 10 Staff travelling-expenses .. .. .. 190 14 5 \ Lighting, heating, and power .. .. 82 6 5 Materials, cleaning offices and upkeep of grounds 135 2 5 Sundry cartages and railages .. .. 17 17 10 Lecture maintenance grants .. .. 87 19 1 Hire lecture-room .. .. .. .. 15 0 0 Flax research expenses (our share) .. .. 48 0 8 Repairs and alterations— £ s. d. Batchelar homestead .. 145 9 9 Soil chemistry laboratory, motor-shed and sundry .. 126 8 9 271 18 6 Surveyor's fees .. .. .. 96 0 7 Farm Account —Balance as per Farm Income and Expenditure Account .. .. .. .. 670 1 1 i Depreciation—Apparatus (10 per cent.) .. 185 13 1 Furniture (7J per cent.) .. 80 14 6 Office furniture and equipment (7£ per cent.) .. .. 14 9 2 Library (10 per cent.) .. 170 3 0 Temporary laboratories (12J percent.) .. .. 116 15 9 Carpenters' tools (12£ per cent.) 26 7 2 Factory cottage (5 per cent.).. 39 10 0 633 12 8 Balance, being excess of income over expenditure 6,379 6 2 £17,789 13 9 £17,789 13 9 To Revenue contributions to capital— £ s. d. £ s. d. £ s. d. Drainage .. .. .. 259 9 6 By Balance brought down .. ' .. .. 6,379 6 2 Fencing .. .. .. 1,383 8 2 Roading .. .. .. 940 18 10 Shelter-belts .... 32 15 3 Water-service .. .. 510 11 5 Cow-shed alterations .. 51 12 5 Cow-shed equipment .. 153 11 9 Harness .. .. .. 13 17 10 Implements .. .. 114 17 11 Calf-shed .. .. .. 282 11 7 Pig-shelters, &c. .. .. 160 7 2 Bull-shed, blacksmith's shop, crush, silo, &c. .. .. 145 7 5 Additions, &c., cottages .. 128 15 10 Tools .. .. .. 118 13 11 Library .. .. .. 661 10 0 4,958 9 0 Balance, being surplus for year.. .. 1,420 17 2 £6,379 6 2 £6,379 6 2