E.—s.

9

WELLINGTON COLLEGE. Balance-sheet for the Tear ended 31st December, 1880. Receipts. £ s. d. Expenditure. £ s. d. To Tuition fees ... ... ... ... 954 19 3 By Masters'salaries ... ... ... 1,697 3 4 Boarding fees ... ... ... 35 10 0 Secretary, salary and commission ... 83 9 1 Rents of reserves ... ... ... 974 0 4 Janitor ... ... ... ... 37 17 6 Rents from School Commissioners ... 24 11 4 Examiner ... ... ... ... 10 10 0 Fees for evening classes ... ... 29 14 0 Printing, advertising, and stationery ... 219 12 3 Levin prize, 2 years ... ... ... 20 0 0 Prizes ... ... ... ... 16 12 0 Refund ... ... ... ... 25 0 0 Repairs ... ... ... ... 34 4 7 Government grant ... ... ... 2,450 0 0 Insurance ... ... ... ... 27 6 3 Balance ... ... ... ... 229 14 2 Sundries ... ... ... ... 7 5 6 Rhodes scholarship ... ... ... 30 0 O Moore scholarship ... ... ... 30 0 O Boarding fees paid to principal ... .., 3116 6 ~ for scholars „ ... ... 42 0 O Rates and fencing ... ... ... 36 17 5 Roads, &c, in College Reserve ... ... 315 15 9 Interest ... ... ... ... 549 5 10 Expenses, change of loan .., ... 19 3 0 £3,188 19 0 Balance brought forward from 1879 ... 1,554 10 1 £4,743 9 I £4,743 9 1 Balance ... ... ... ... 229 14 2 Wellington, 15th February, 1881. Charles P. Powles, Secretary. Examined and passed.—R. Macalistee, Provincial District Auditor.

Scholarship Funds. Tumbnll 'Fund. Receipts. £ s. d. Expenditure. £ t. A. To Balance brought forward— By Prizes, 1879 and 1880... ... ... 50 0 0 Capital sum invested ... ... 1,000 0 0 Scholarship, 18S0 .., ... ... 25 0 0 Interest in Savings Bank and in hand 177 0 3 Balance ... ... ... ... 1,172 13 4 Interest on mortgages ... ~. 65 0 0 „ Savings Hank ... ... 513 1 £1,247 13 4 £1,247 13 4 To Balance invested in mortgages ... ... 1,000 0 0 „ deposited in Savings Bank ... 172 13 4 £1,172 13 4 Moore Scholarship) Fund. To Balance brought forward ... ... £500 001 By Balance ... ... ... ... £500 0 0 _; ~..i.rT.T_-ir~_i r. iii . — Balance down (deposited at Bank of New Zealand) ... ... ... £500 0 0 | Rhodes Scholarship Fund. To Balance brought forward ... ... £500 0 0 By Balance ... ... ... ... £500 0 0 Balance down (deposited in Bank of New Zealand) ... ... ... £500 0 0 Wellington, 15th February, 1880. Charles P. Powles, Secretary. Examined and passed, subject to observations herewith. R. Macalistee, Provincial District Auditor. It is observed that a sum of £500, being the amount of the Moore Scholarship Fund, was placed as a fixed deposit in the bank, bearing interest. This interest is erroneously appropriated by the bank against interest accrued upon the overdraft of the ordinary College account kept at tho bank. Trust Funds given for specific purposes, together with all interest which may accrue thereon, should be applied to such purposes only. 26th May, 1881. R. Macalisteb, Provincial District Auditor.

Assets and Liabilities for the Tear ending 31sfc December, 1880. Assets. £ s. d. Liabilities. £ s. A. To Rent due ... ... ... ... 56 15 0 By Masters'salaries ... ... ... 470 6 8 Fees due ... ... ... ... 163 7 0 Sundry College expenses ... ... 76 17 0 Levin prize money ~. ... ... 10 0 0 Departmental expenses ... ... 28 13 3 Printing, advertising, and prizes ... 54 8 6 £230 2 0 Repairs, &c. ... ... .., ... 37 16 1 — i — Roads, &c, in Reserve... ~. ... 61 9 6 Insurance ... ... ... ... 810 0 Interest ... ... ~, ~, 181 9 7 Scholarships ... ... ~, ... 20 0 0 Levin prizes ... ... ... .., 10 0 0 Bank of New Zealand overdraft ... 229 14 2 Boarding fees ... ... ... 3 13 6 £1,182 18 3 College buildings (cost £9,000) and Collogo , — : reserves, together not less than ...£5,000 0 0 Loan contracted for building purposes ~,£5,000 0 0

2—E. 5.