E.—2.

16.—Statement or Affairs and Balance-sheet of the Whanganui College Board of Trustees for the Year ended 31st December, 1935 —continued. General Account. £ s. d. £ s. d. £ s. d. £ s. d. To Interest .. .. .. 265 8 3 By Rents .. .. .. 4,977 0 9 Rates .. .. .. .. 411 11 7 Book-room .. .. .. 40 4 0 Salaries .. .. .. 701 19 5 Boys' extras, Collegiate School .. 92 17 11 Audit fee . . .. 23 2 0 Boys' extras, St. George's School 9 0 10 Management .. .. 123 10 9 6,119 3 6 Office rent .. .. .. 60 0 0 Bonuses on policies— Postages, &c. .. .. .. 106 13 ! Re St. George's loan .. 173 0 0 Printing, advertising, &c. .. 90 14 2 Re First earthquake loan .. 16 16 0 Repairs and maintenance, estate 21 3 0 Re Second earthquake loan .. 14 18 0 Legal expenses .. .. . . 49 7 8 204 14 0 Contributions to Provident Fund .. 522 18 8 Garden .. .. .. 5 0 5 2,381 9 0 Transfer from School Account .. .. 329 13 4 Transfer from St. George's Account .. .. 936 18 1 Transfer to Balance Account .. .. 1,675 17 1 £5,323 17 6 £5,323 17 6 Balance-sheet. Liabilities. Assets. Balance Account at 31st December, £ s. d. £ s. d. Boys' accounts outstanding— £ s. d. £ s. d. 1934 .. .. .. 4,624 15 7 Collegiate School .. .. 2,252 15 5 Plus transfer from General Ac- St. George's School .. .. 280 17 7 count .. .. .. 1,675 17 1 2,533 13 0 6,300 12 8 Rent accounts outstanding .. .. 2,195 1 10 Sundry creditors .. .. . . 32 5 6 Collegiate School — School funds— Buildings .. .. .. 81,705 0 0 Collegian Fund .. .. 179 2 7 Furniture .. .. .. 3,125 0 0 Camera Club .. .. 2 17 6 Pianos .. . . .. 455 0 0 182 0 1 85,285 0 0 Provident Fund .. .. .. 7,244 17 0 St. George's School — Mortgages— Buildings .. .. .. 25,797 011 A.M.P. Society .. .. 109,000 0 0 Furniture .. .. .. 1,200 0 0 Less repaid, 1935 .. .. 408 15 0 26,997 0 11 Earthquake alterations— 108,591 5 0 Collegiate School .. .. 1,872 0 0 Tayforth land .. .. 1,455 0 0 St. George's School .. .. 1,566 0 0 Grey Street house .. .. 850 0 0 3,438 0 0 110,896 5 0 Estate improvements— Temporary deposits .. .. .. 7,538 18 9 Roads .. .. .. 13,004 1 11 Reserve for doubtful debts .. .. 1,449 610 Buildings .. .. .. 2,650 0 0 Prize Fund endowments .. .. 511 14 0 Block 1b .. . . .. 650 0 0 Scholarship endowments .. .. 3,000 0 0 Grey Street house .. ' 973 4 4 Suspense Account— Avenue house .. .. 349 14 11 Accrued interest .. .. 1,318 7 5 17,627 1 .2 Rates unpaid .. .. 552 1 3 Tayforth land .. .. .. .. 2,093 15 8 Household accounts .. .. 219 18 10 Mortgage redemption accounts — St. George's loan .. .. 5,576 18 9 2,090 7 6 First earthquake loan.. .. 311 8 6 Less. £s. d. Second earthquake loan .. 167 14 6 Fees .. 148 18 6 6,056 1 9 Sundries .. 20 5 5 Steward's stores on hand .. .. 297 1 0 169 3 11 Boys'extras paid but not charged — 1,921 3 7 Collegiate School .. .. 1,040 16 8 Bank of New South Wales .. 10,698 8 8 St. George's School .. .. 192 511 Plus unpresented £ s. d. 1,233 2 7 cheques .. 218 15 6 Sundry debtors .. .. .. 2,118 15 10 Less January pay in- Steward's cash on hand .. 60 0 0 eluded in Decern- Cash on hand, office .. .. 12 17 2 ber cash-book .. 46 16 8 72 17 2 171 18 10 10,870 7 6 £149,947 10 11 £149,947 10 11 Auditor's Certificate. —I have audited the books and accounts of the Whanganui College Board of Trustees for the year ended 31st December, 1935, 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. Ballinghall, F.P.A.N.Z., Auditor.

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