SCHOOL FINANCES.

Manawatu Standard, Volume XLIX, Issue 111, 10 April 1929, Page 2

SCHOOL FINANCES.

POSITION AT TERRACE END. SUBSIDY QUESTION SETTLED. The financial position of the Terrace End School was defined at the meeting of the committee last evening. The chairman, Mr W. B. Cameron, referred to the fact that the Wanganui Education, Board had at first not agreed to the subsidy on the grounds improvements asked for by the committee. Recently he and Messrs W. L. Macpherson and J. All air had journeyed to Wanganui and had interviewed the secretary of the board,'' Mr A\. H. Swanger. They had met' with great courtesy and, tho difficulty had been satisfactorily settled. As the'balancesheet would show a small debit balance, lie considered that the cpidniittee should be conversant with tlie position and he asked the treasure):,Mr. Macpherson, to explain ,the .position. The mistake the committee had made, said Mr Macpherson, was in.the estimate of tho voluntary, contributions towards tlie improvement of the school grounds. This work' had cost about £430 and approximately £2BO had been raised by the committee: On these figures the board had granted a subsidy of £l5O which had brought the committee’s amount up to the total figure, whereas the committee had desired half of the total amount of £430, i.e., £215. They had pointed out their views to Mr Swanger and he had advised them to forward an amended application for a subsidy showing voluntary contributions as' £215, the remaining £SO being transferred to the general account. The committee would then receive tlie full subsidy. A letter from the Education Board was then read stating that, as soon as the department approved, the amount of tlie subsidy would be increased to £197 while an additional £25 would be granted when work to that value had been completed. The chairman stated that this was satisfactory, but lie considered that the committee would have to watch future expenditure carefully. “We will be left with a small amount in credit, about £SO, for the next four months,” lie added. Rev. J. H. Bredin stated that the members who had interviewed Mr Swanger should be congratulated on the successful outcome of that visit. A motion to . this effect was carried by acclamation. It was decided to write a letter of thanks to Mr Swanger and his staff for tlie unfailing courtesy with which they had treated the committee throughout the year.