E.—2.

Statement of Affairs and Balance-sheet of the Whanganui College Board of Trustees for the Year ended 31st December, 1934 —continued. General Account. „ Gr • £ S. d. £ S. d. Dr. £ a. d. £ s. d. By Rents .. .. .. 4,623 710 To Interest .. .. .. 651 2 7 Garage rents .. .. .. 8 2 0 Rates .. .. .. .. 338 17 9 Boys' extras—Collegiate School .. 88 7 7 Salaries .. .. .. 766 9 0 Boys' extras—St. George's School 7 9 3 Audit fee .. .. ~ 23 2 0 Book-room .. .. . . 58 7 6 Management sundries .. .. 72 15 5 Anonymous remittance transferred 5 0 0 Office rent .. .. .. 60 0 0 4 790 14 2 Postages, &c. .. .. 97 13 3 Bonuses on endowment policies— Printing and stationery .. .. 72 9 1 Re St. George's loan.. .. 169 6 0 Repairs and maintenance, estate .. 24 I 1 Re First earthquake loan .. 15 12 0 Legal expenses .. . . .. 130 5 9 Re, Second earthquake loan .. 13 4 0 Garden .. .. .. 4 8 1 jgg g n Contributions to Provident Fund .. 466 16 3 Reserve for doubtful debts .. 625 0 0 3,333 0 3 Transfer from School Account .. .. 333 6 10 Transfer from St. George's Account .. 1,310 5 10 Transfer to Balance Account .. .. 12 3 3 £4,988 16 2 £4,988 16 2 Balance-sheet. Liabilities. Assets. Balance Account at 31st December, £ s. d. £ s. d. Boys' accounts outstanding— £ s. d. £ g d 1933 .. .. .. 4,612 12 4 Collegiate School .. .. 3,119 411 Plus transfer from General Ac- :f St. George's School .. .. 402 10 3 count .. .. .. 12 3 3 Ss2] 15 2 4,624 15 7 Rent accounts outstanding .. .. 2,059 2 4 Sundry creditors— Collegiate SchoolCommunity stores .. .. 10 0 0 Buildings .. .. -.. 81,705 0 0 Pees paid in advance .. .. 183 0 0 Furniture .. .. :. 3,290 0 0 193 0 0 Pianos .. .. .. '506 0 0 School Funds— 0 0 Collegian .. .. .. 149 10 4 St. George's SchoolCamera Club .. .. 22 0 Buildings .. .. .. 25,797 011 151 12 4 Furniture .. .. .. 1,237 0 0 Provident Fund .. .. .. 5,677 11 10 27 034 0 11 Mortgages— Earthquake alterations— A.M.P. Society .. .. 104,050 0 0 Collegiate School .. .. 2,080 0 0 A.M.P., first earthquake loan .. 3,800 0 0 St. George's School .. .. 1,740 0 0 A.M.P., second earthquake loan.. 1,150 0 0 _J 3 g 2 O 0 0 Estate improvements— 109,000 0 0 Roads .. .. .. 13,004 1 11 Tayforth land .. .. 1,455 0 0 Buildings .. .. .. 2,650 0 0 Grey Street House .. .. 850 0 0 Block 1b .. .. .. 650 0 0 — 111,305 0 0 Grey Street House .. .. 973 4 4 Temporary deposits .. .. .. 7,531156 Avenue House .. .. 354 411 Reserve for doubtful debts .. .. 1,638 1 4 \- ggj ] j 9 Prize Fund endowments .. .. 511 14 0 Sinking Funds— Scholarship endowments .. .. 3,000 0 0 St. George's loan .. .. 4,938 0 0 Suspense Account— First earthquake loan.. .. 244 12 0 Accrued interest .. .. 1,402 811 Second earthquake loan .. 106 5 8 - Rates unpaid .. .. 551 14 3 g 288 17 8 Household accounts .. .. 221 14 8 Tayforth land .. .. .. .. 2'093 15 8 Sundries .. .. .. 28 4 7 Steward's stores on hand .. .. '254 11 5 Boys' extras paid but not charged— 2,204 2 5 Collegiate School .. .. 885 12 6 Less— £ s. d. St. George's School .. .. 206 9 6 Fees.. . . 132 16 6 ' j 2 0 Sundries .. 31 5 5 Sundry debtors .. .. 92 0 4 164 1 11 Secured accounts .. .. 937 18 2 — 2,040 0 6 1,029 18 6 Bank of New South Wales .. 12,486 6 9 Hadfield housemaster's house furniture taken Plus unpresented cheques .. 210 11 10 over .. .. .. ~ 33 18 0 — 12,696 18 7 Steward's petty cash on hand .. .. 916 10 £149,370 9 8 £149,370 9 8 Auditor's Certificate. —I have audited the books and accounts of the Whanganui College Board of Trustees for the year ended 31st .December, 1934, and have obtained all the information and explanations required by me. I report that in my opinion the above balance-sheet is properly drawn up so as to show the true position of the affairs of the Trust according to the best of my information and explanations given to me, and as shown by the books.—T. Ballingall, F.P.A.N.Z., Auditor.

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