EDUCATIONAL RESERVES.

53

A.—No. 3,

The third column expresses the names of the several endowments to which those rents or portions of them are respectively appropriated, and the present annual amounts of such appropriations. Each amount is subject to a deduction of 5 per cent, for expenses of management. Section 340, Christchurch District (book 13, p. 51), containing 100 acres, has been sold before the transfer to these trustees; it was subject to a purchasing clause in a lease executed by Mr. Sewell. The trustees completed the sale for £500. Sections 338 a and 338b, containing 100 acres, were in like manner subject to purchase, and the sale thereof was so also completed for £500. Section 338, containing 50 acres, was in like manner under contract and sold for £400, and conveyed by the Church Property Trustees. Section 333, containing 100 acres, Christchurch District (book 13, p. 83), was also under contract for sale, and sold for £500, and conveyed to the Church Property Trustees. Sections 327, Christchurch District, containing 200 acres (book 13, p. 84), also under contract, was sold for £1,025, and conveyed by the Church Property Trustees. Sections 328, Wa Raepa Valley, Malvern Hills, containing 250 acres, (book 13, p. 89), and 328 a, in a valley of the Malvern Hills, containing 250 acres (book 13, p. 85), were sold by the Church Property Trustees together for £2,550. Section 5,877, Christchurch District, containing 50 acres (book 14.5 L, p. 136), is let for seven years from the 2nd December, 1867, at an annual rent of £12 10s. Section 5,947, Oxford District, containing 55 acres (book 14.5 M, p. 7), is let from year to year at an annual rental of £13 15s. Section 5,956, Bllesmere, containing 30 acres (book C. 16, p. 109) was let with a purchasing clause by the College, and sold for £90. Section 5,824, Ellesmere District, containing 14 acres (book C. 26, p. 285), has been sold by the College for £70. Sections 10,022, 10,023, 10,024, 10,025, Banks' Peninsula (book C. 27, pp. 227 to 2,230), were purchased by the College for £300, and are still in possession of the College, and let for £45 per annum rent, for five years from 30th April, 1866. Reserves out of Reserve 24, Town Reserves, 597 acres, in schedule to Canterbury Associations Ordinance, Session IV., No. 6— Purpose. A. E. P. Public Recreation, Hagley Park Town Belt. Free Church of Scotland ... ... ... ... ... 3 0 0 Corporation of Christchurch ... ... ... ... ... 10 0 0 Roman Catholic Chapel and Schools ... ... ... ... 300 Bishop of Christchurch, for Churches, Schools, and Parsonages : — In North Christchurch ... ... ... ... ... 3 0 0 In South Christchurch ~. ... ... ... ... 3 0 0 Wednesday, 19th January.—l know the land in North Christchurch, containing 3 acres, reserved for the Bishop of Christchurch. It is fenced in with a live fence, in good order. There is a school erected upon it —of wood, shingled, I think —for girls, except the portion occupied for the school. This land is let to a market gardener for £10 a year, upon the terms that he will render it up when required for the purposes of the church, and will, in the meantime, maintain the fences, and plant ornamental trees, &c. The rent, as received, is applied in reduction of tho debt left upon the cost of building the school; I believe about £40. I know the land in South Christchurch, containing 3 acres, so also reserved. It is fenced in. There is a school thereon for boys and girls. It is a weatherboard building, and shingled. This land, except so much as is required for the school, is let as a paddock at an annual rent of £5, upon terms of maintaining the fences and giving same up when required for church purposes. In addition to my evidence respecting section 468, Kaiapoi (ante), I can now state that Mr. Harper accepted a conveyance of the land in his occupation, and executed a mortgage thereof to the trustees for £140, bearing interest at £10 per centum per annum. The remainder of the section was sold, and realized £306 14s. 9d. Section 9,512, Lincoln District, containing 38 acres (C. 26, p. 124), was purchased by Mr. W. T. L. Travers as a gift for an endowment for the Christchurch Orphan Asylum. It is let at an annual rent of £14 per annum, as far as I recollect, and tho rent is applied towards the expenses of the Asylum. I produce a paper (G., pp. 66-7). It contains a list of the lands in Christchurch and Lyttelton, and rural lands, which are now, or ever have been, in the possession of the College, distinguishing the numbers and localities of the sections, those which are let from those which are unlet, and stating the amounts of the rents of such as are let. It also distinguishes such as have been sold, and sets forth the respective prices at which they were sold. These sales took place pursuant to contracts entered into by the College under the powers conferred by the Christ's College Ordinance, Session IV, No. 4, of the Superintendent and Provincial Council of Canterbury. Out of the proceeds of the lands sold, there have been paid the several sums of £400 and £500 mentioned in tho Deed of Foundation set forth in the schedule to the Ordinance, and which was bearing interest. But in addition to the balance of the land fund, £233 6s. 6d., for which an investment is being sought, the College is making arrangements to accumulate out of annual income sufficient money to replace in the Land Fund Account, for the purchase of other land, the above-mentioned sums of £400 and £500. I have obtained the above information from the ledger of the College. Tho paper marked E comprises in addition to the lands referred to in the Commissioner's schedule as granted, to Christ's College, the lands which have been from time to time purchased with proceeds of other lands sold by the College.