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Volume 72, 1942-43
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Trust Accounts for the Year Ending March 31, 1942.

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Hector Memorial Fund.
Dr. Cr.
£ s. d. £ s. d.
To Hector Prize 50 0 0 By Capital Invested 1,184 18 1
” Audit Fee 0 [ unclear: ] 0 ” Balance Revenue Account 31/3/41 81 5 11
” Engraving Medal 0 8 6
” Advertisements 0 7 3 ” Interest 53 2 3
” Administration Exs. 1 0 0
” Balance 1,267 5 6
£1,319 6 3 £1319 6 3
By Balance £1267 5 6

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Hutton Memorial Fund.
Dr. Cr.
£ s. d. £ s. d.
To Grants 22 10 0 By Capital Invested 1,506 8 6
” Audit Fee 0 5 0 ” Balance Revenue Account 31/3/41 211 1 7
” Engraving Medal 0 6 6
” Advertisements 0 7 3 ” Interest 68 8 6
” Administration Exs. 1 0 0
” Balance 1,761 9 10
£1,785 18 7 £1,785 18 7
By Balance £1,761 9 10

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T. K. Sidey Summer-time Fund.
Dr. Cr.
£ s. d. £ s. d.
To Audit Fee 0 5 0 By Capital Invested 500 0 0
” Administration Exs. 1 0 0 ” Interest added to Capital 29 13 4
” 1/10th Interest to Capital 2 6 3 ” Balance Revenue Account 31/3/41 73 5 3
” Balance 622 9 10 ” Interest 23 2 6
£626 1 1 £626 1 1
By Balance £622 9 10

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Hamilton Memorial Fund.
Dr. Cr.
£ s. d. £ s. d.
To Audit Fee 0 2 6 By Capital 48 7 11
” Administration Exs. 0 2 6 ” Interest added to Capital 21 5 8
” Half Interest to Capital 1 1 7 ” Balance Revenue Account 31/3/41 3 9 2
” Balance 73 19 4 ” Interest 2 3 2
£75 5 11 £75 5 11
By Balance £73 19 4
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Carter Library Legacy.
Dr. Cr.
£ s. d. £ s. d.
To Revenue Account 31/3/41 16 10 11 By Capital 162 19 0
” Audit Fee 0 5 0 ” Interest 7 18 3
” Administration Exs. 0 10 0 ” Loan from R.S.N.Z. (£18 4s 1d), repaid £8 10 4 1
” Balance 163 15 5
£181 1 4 £181 1 4
By Balance £163 15 5

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Cockayne Memorial Fund.
Dr. Cr.
£ s. d. £ s. d.
To Administration Exs. 0 2 6 By Capital Account 249 12 0
” Balance 304 5 1 ” Balance Revenue Account 31/3/41 42 4 9
” Interest 11 6 7
” Contribution 1 4 3
£304 7 7 £304 7 7
By Balance £304 5 1

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Endowment Fund.
Dr. Cr.
£ s. d. £ s. d.
To Interest Invested 291 15 0 By Capital Invested 1,864 2 5
” Audit Fee 0 5 0 ” Balance Revenue Account 31/3/41 303 6 6
” Administration Exs. 1 5 0 ” Interest 69 8 5
” Balance 2,011 8 4 ” Interest from General Account 26 9 7
” Sales of publications 41 6 5
£2,304 13 4 £2,304 13 4
By Balance £2,011 8 4

Mr. Eliott drew attention to the fact that the amount of the insurance on the library and stocks had been increased. Mr. Aston objected to the amount put down as the valuation of the stock, and moved that in future the Hon. Treasurer's report and balance sheets be placed before the Standing Committee for approval before circulation to members. Mr. Eliott said that his report was to the Council, not the Standing Committee. It was pointed out that the Standing Committee had previously adopted the report containing the figures mentioned. Mr. Aston's motion was not seconded and lapsed.

On the motion of Dr. Marshall, a sub-committee consisting of Mr. Aston and Professor Evans advise the Standing Committee regarding any necessary adjustment of valuation and insurance.

Mr. Eliott moved that half the amount of this year's interest in the Endowment Fund be devoted to binding periodicals in the Library. Professor Evans seconded the motion. Mr. Aston objected to the interest in the Endowment Fund being utilised in this way, stating that the Fund should be allowed to grow, and he moved as

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an amendment that the matter be referred to the Standing Commitee to find the amount required for binding from other sources. This amendment was carried, and it was further recommended to the Standing Committee to ensure that £50 be spent on binding in the coming year.

Hon. Editor's Report: On the motion of Mr. Hudson, the report of the Honorary Editor was adopted.