Neiv Zealand Institute. 



597 



Assets — continued. 



Brought forward . 



Preliminary expenses, &c. — ctd 



Kent of office 



Legal charges 



Salaries 



Travelling-expenses 

 Stationery 

 Office expenses ... 

 Postage and telegrams 



Less one-fifth thereof transferred 

 to Income and Expenditure 

 Account ... 



Amount due from countries, &c, 

 for volumes sold 



Suspense Account — 



Payments on account of 



second annual issue 

 Less received for volumes 



sold ... 



Balance at bauk — 



Kobarts, Lubbock, and Co. 



Union of London and Smiths 

 Bauk 

 Balance in hand 



Excess of expenditure over in- 

 come on the first annual issue 



192 2 1 



81 9 8 

 5 



273 16 9 

 33 9 9 



£5,272 4 10 



I have examined the above balance-sheet and accompany- 

 ing Income and Expenditure Account with the books and 

 vouchers, and have found them correct. I have also verified 

 the balance at the bankers'. Administrative expenditure has 

 been apportioned by the directors between preliminary ex- 

 penses and expenses of the first and second annual issues. 



W. B. Keen, Chartered Accountant. 

 3, Church Court, Old Jewry, E.C., 

 27th April, 1904. 



