808 Proceedings. 
Financial.—A report from the Hon. Treasurer was received, and ordered 
to be incorporated in the Standing Committee’s report. The reports of the 
Hon. Treasurer—namely, statement of receipts and рои e 
of liabilities and assets, statement of trust funds—were then nsidered, 
and the financial position of the Institute was discussed, and a pec for 
ublishing the Transactions was received. On the motion of the Hon. 
Treasurer, the financial statements, all duly audited by the Auditor- 
General, were adopt 
Нох. TREASURER’S REPORT. 
Finances.—The ment of assets and liabilities shows that the credit balance, 
£31 15s. 10d., “on 31st poen 1920, is now turned into a a balance of £678 4s. 2d., 
so that our finances are £710 worse off. This is ser irely due to the greatly 
increased cost of the annual volume of the T'ransactio 
The decision of the Standing Committee to Vicar the funds of the Carter 
Hector, and Hutton Trusts from the ati of Mis Public Trustee to New Zealand 
Government inscribed stock has proved a very wise step. e bonds were purchas 
at £91 5s., and to-day's quotations are £93 1s, . Showing a rise of £2 10s., which 
represents about pen increase of capital. The rate of jaterat earned represents 
about £6 10s. per 
I would Payne that the books of the Institute should be kept under the 
double-entry am stem 
esire t о expre s my appreciation of the careful and accurate manner in whic v 
Miss Wood, the Ass Mcd Secretary and Treasurer, has at all times kept the books an 
accounts of the Institute 
M. A. Етлотт, Hon. Treasurer. 
New ZEALAND INSTITUTE.—STATEMENT OF RECEIPTS AND EXPENDITURE FOR THE 
YEAR ENDING 3lst DECEMBER, 1921. 
Receipts. £ need. vase £ sd. 
Balance at 31st December, Government Printe "E 750 0 0 
1920 2,586 2 5 | A. A. Lawson, "Sydney 
Part Government statutory sera plates) je 45 16 8 
gra. 250 0 0 velling - expenses, Go- 8 
Publications sold 96 14 3 mios i annual meeting 33 7 
Incorpora sure societies’ levy 103 13 0 | Travelling-expenses, Presi- 4 
Government grants for re- dent, семан 4 Committee 24 3 0 
search £s т 405 0 0 | Petty cash, postages, &c. 28 10 0 
Grants refunded by grantees 95 4 4 ed cash, balance in hand 5 2 0 
Interest (Endowment Fund) Sala: 222 5 
Post Office Savings-bank 6112 6 | Le ONG Typewriting Com- 0 
rter Bequest Fund, from š pany—Typewriter z 28 10 0 
Public Trustee .. 4,865 15 10 | Insurance premium .. 5,000 
к Carter Fund, from Bank commission .. 0 10 
bed stock S is 12 9 8 | Lawyers fee dorm re 0 
^ eva Memorial Fund, trust funds) .. 99 4 
from Public Trustee 1,092 6 0 one weg grants, as per r list 318 3 
— p Fund, from. bip: Bequest inscribed 3 
o ascribed stook - 4119 0 ik 4,899 16 
utton emoria Fund, Hector Memorial "Ansoribed 
from Public Trustee .. 924 8 3 1,137 14 ; 
Haee Hutton Fund, from ons Memorial inscribed 3 
stoc 35 5 2 | воск 945 19 
(All i interest to 15th July. ) Balance, as under , 
£10,520 10 5 
