PART I.-RECEIPTS AND Expenditure of THE COUNCIL OF THE BOROUGH FOR THE YEAR ENDED ON THE

If a separate rate is made under Section 18 (1) of the Act, or the expenses are payable out of some fund or rate other than the borough fund or rate under Section 18 (4), this should be indicated.

† Small items of receipt under this heading may be classed as "Miscellaneous."

This phrase is used throughout to denote Schools and Institutions the financial responsibility for which is undertaken by the Council.

† Small items of expenditure may be classed as "Miscellaneous."

Under this heading should be included the cost of stationery, books. postage, printing, advertisements, gas, and fuel for offices, and rent, rates, taxes and insurance paid in respect of offices.

Loans paid off by means of re-borrowings should not be entered here.

The amount shewn here should include interest and dividends which have accrued on the funds and been added to the funds during the year. Any amounts set aside for sinking funds, but remaining in the Treasurer's hands at the end of the year should not be entered here as expenditure. They should be included in the balance at the foot of the statement.

* Capital receipts other than moneys borrowed, e.g., receipts from the sale of surplus materials which had been purchased with borrowed money, or interest on unexpended balances of loans, should be entered under one or other of the headings in Part I., provided for Receipts other than from Loans," and not in this Part.

Purchase of land, and erection, enlargement, or alteration of

school buildings

...

£ s. d.

£ s. d.

Total Expenditure out of Loans to be carried to Summary

Payments made out of capital other than moneys borrowed (see note * on opposite page) should be entered under one or other of the headings in Part I. provided for Expenditure other than out of Loans," and not in this Part.

† Repayments of principal made out of borrowed moneys should be shown separately under these headings,

* Col. 1.-Particulars should be shown in respect of each separate loan, and totals be given for each purpose. Where one loan has been raised for different purposes, the amount in respect of each purpose should be stated. Loans raised for the purpose of raying off other Loans should not be included in Columns 10 and 11; nor should they be included in Column 13 unless they have been applied in the repayment of Loans, and a note as to the amounts so applied should then be appended. When, however, a Loan has been obtained for the repayment of a Loan and has not been so applied, or when a lcar has been temporarily repaid which it is intended to re-borrow, a note should be appended stating the facts, the amount temporarily repaid being still included as outstanding.