6. Jones ships 400 cases of wine to his agent at Hobart, who has to return the proceeds, when sold, less freight and landing charges equal to 4 d. per case, duty equal to 1s. 44d. per case, commission on gross proceeds at rate of 7 per cent. The lot was sold at prices averaging 14s. a case, but the buyer of 50 cases at that price became insolvent and paid nothing. What was the net result of the venture?

7. A bought a stock of drapery from the trustee of an estate for £350. He sold the greater portion for £475, and then had left goods valued at £50. His expenses amounted to £45.

What was his whole profit, and what percentage was it of the purchase money?

8. If water flows at the uniform rate of 100 yards a minute through a circular pipe of 14 inches radius, find the number of gallons that flow past any point in an hour.

COMMERCIAL GEOGRAPHY.

Time: two hours.

1. Write short notes on the following terms: a. Roaring forties; b. Most favoured nation clause; c. Postal Union; d. Hour-zone system of time; e. Consuls.

2. "Generally speaking the exports of a country pay for its imports." But British exports as valued at the port of departure are much less in value than the imports. Explain this.

3. Where does Australia find markets for wool and for wheat what countries are her chief rivals in their production; and what advantages, if any, have they over her?

4. Name the chief lines of steamers that trade to Australia, and give their termini.

5. Name five ship canals, and in each case mention the saving effected.

6. Where are the following raw materials obtained, and for what are they used: Guano, jute, esparto grass, asbestos, cinchona, flax? 7. On the accompanying map write the names of the towns indicated by numbers, and state for what they are important.

;

[The following were the towns: Vancouver or New Westminster, Winnipeg, Fort William or Port Arthur, Duluth, St. Paul or Minneapolis, St. Louis, Pittsburg, Buffalo, Montreal, Halifax, Chicago, and Havana.]

BOOKKEEPING.

Time: three hours.

1. State clearly the principle of the system of double entry Bookkeeping.

2. Give an example of a Ledger Account in each of the following classes :

a. Personal.

b. Real.

c. Nominal.

3. State the distinction between Gross Profit and Net Profit. In what statements would they be respectively shown?

4. Enter the following transactions in a 3 column Cash book ; rule off and bring down balances :

5. Journalise the following transactions of Wilfrid Airy; post to the Ledger, balance the Cash Account and the Personal Accounts:

6. a. John Smith, a Merchant of Adelaide, sold to William Brown, Storekeeper, Mount Gambier, on the 1st January, 1903, 12 pieces of French Merino at 75s. per piece, and 12 pieces of Satin Plush at 105s. per piece; terms of payment, Promissory Note at 3 months' date for amount of invoice, less 2 discount. Make out the invoice; draw out in proper form the Promissory Note.

b. What entries would John Smith make, and in what books in respect to the Sale and Promissory Note?

7. Draw up (from the following Trial Balance) the Trading and Profit and Loss Accounts and Balance Sheet of Richard Wardley. The Stock at 31st December, 1902, was £1,573 9s. :

TRIAL BALANCE, 31ST DECEMBER, 1902.

Richard Wardley, Capital

£8,149 0 0

2,500 0 0

as

BUSINESS CORRESPONDENCE.

Time two hours and a half.

1. Write a letter to a Firm of Merchants applying for a position: a Junior Clerk which you understand to be vacant, and mentioning that, although you have not previously been employed in an office, you have passed the University junior commercial examination after studying at one of the Commercial Colleges. 2. Write a letter from Finlayson & Co., Storekeepers in Broken Hill, to Denny, Sims, & Co., Wholesale Chemists & Druggists in Adelaide, enclosing a list of supplies which the former wish to order, and asking Denny, Sims, & Co. to name their lowest prices and best terms.

3. Write a letter from the Eastern Tea Trading Co. in Adelaide to their Perth branch office to advise having drawn on them a draft, £200, at 30 d/s in favour of the Bank of West Australia. 4. Write a letter as from J. Williamson, an Importer of bicycles, to the Coventry Cycle Co., Manufacturers of these machines in Coventry (England) asking for their price list and catalogues, and requesting them to name their lowest quotations, c. f. & i, London or Liverpool, for 12 machines of a specification enclosed. Terms, bank draft with order.

5. Write a letter as from the Bonanza Gold Mining Co., Ltd., to Mr. F. Ledger, F.S.A., the Company's Auditor, informing him that the books are ready for audit, and asking him to attend at his early convenience with a view to the usual examination and certificate.

6. Write a circular letter from a Firm of Jewellers to their principal Customers inviting their inspection of some new and special designs in artistic jewellery recently imported.

7. Write a confidential letter from a Firm of house and estate Agents to the Bank of South Australia asking for information at to the means and credit of Mr. E. Thackeray, who is offering to take a lease of a large residence through them, and has named the Bank as a reference.

8. Write a letter from the Angaston Vineyard Co., trading as Wine Merchants, to Mr. V. Slack, a considerable Customer, drawing his attention to the amount and period of his account, and asking for a settlement or remittance on account.

:

SHORTHAND.

Time five minutes for the reading; sixty minutes for the transcript.

[An extract from Hansard.]

TYPEWRITING.

Time two hours.

[Accuracy and neatness are essential. Mistakes in spelling should be corrected, and the papers must be properly punctuated. No pen corrections of any description are allowed. No abbreviations are allowed, except th se customary for dates, measures, &c. Candidates are recommended to read the rough drafts through before commencing the typewritten copy.]

1. Make a properly arranged typewritten copy of the following draft of a business letter, punctuating where necessary, and substituting figures where numbers are given in words:

Sheet 1.