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Turnbull Fund. To Interest on mortgages due ... ... 25 0 0 Nil. At Post Office Savings Bank ... ... 172 13 4 Invested on mortgage ... ... ... 1,000 0 0 £1,197 13 4 Moore Scholarship Fund. To Principal deposited at Bank of New Zealand £500 0 0 1 Nil. Hhodes Scholarship Fund. To Principal deposited at Bank of New Zealand £500 0 0 1 Nil. Wellington, 15th February, 1881. Chaeles P. Powles, Secretary. Examined and passed.—R. Macalistee, Provincial District Auditor.

NELSON COLLEGE. The Governors are glad to be able to report that the steady increase in the number of pupils attending the College, to which reference was made in their last annual report, has been well maintained during the past twelve months. The rolls for 1879 and 1880 show the following relative numbers: — 1879. 1880. First quarter ... ... ... 131 ... 142 Second quarter ... ... ... 125 ... 153 Third quarter ... ... ... 131 ... 149 Fourth quarter ... ... ... 134 ... 144 The results of the late Civil Service examination may, the Governors think, be justly referred to as evidence of the character of the teaching work, for which they are indebted to the principal and masters of the College. Of the thirteen candidates who from all parts of the colony passed the senior examination, seven, and of the thirty-six who passed the junior examination, twelve, were pupils of the Nelson College. As none of the endowed scholarships fell in this year, the competition was confined to six Foundation, four Governors' Fees, and six Provincial Scholarships. The annexed table gives the names of the present holders and the date at which each scholarship in connection with the College will be free for competition:—

The accounts which are appended to this report will show that the finances of the institution are in a satisfactory condition. In the course of the year the Governors have lost, with deep regret, the services of two of their colleagues, by death, at a comparatively early age, namely, the Hon. N. Edwards and Mr. A. J. Richmond. Two other vacancies have been caused by the retirement of Mr. Henry Adams, under the provisions of the deed of foundation, and the resignation of Mr. Oswald Curtis. His Excellency the

Scholarships. Tenable for Amount per Annum. When Obtained. Name of Holder. Expires. Jndowed— Newcome Richmond Stafford ... Fell foundation— 1st classical 2nd „ 3rd 1st mathematical... 2nd 3rd (•overnors' Fees — 1st modern languages 2nd „ 1st English literature 2nd 'rovincial— Nelson Town 3 years 3 „ 3 „ 3 „ 1 year 1 „ 1 „ 1 „ 1 >. 1 „ £ s. 24 0 24 0 20 0 16 0 20 0 10 0 5 0 20 0 10 0 5 0 Christmas, 1878 ... „ 1879 ... 1879 ... 1879 ... Not awarded Christmas, 1880 ... „ 1880 ... 1880 ... 1880 ... „ 1880 ... Thompson Hark n ess Fleming Andrew Harknoss, ii. ... Caro Kelling Talbot Fookes, ii. Christmas, 1881 „ 1882 „ 1882 1882 1881 „ 1881 „ 1881 „ 1881 1881 1 „ 1 „ 1 „ 1 .. 12 10 12 10 12 10 12 10 1880 ... „ 1880 ... 1880 ... „ 1880 ... Parltrop Meyer Drey er Chaytor, ii. „ 1881 „ 1881 1881 „ 1881 „ ... ,, ... ,, ... Country... 2 years 2 „ 2 „ 2 „ 2 „ 2 „ 2 „ 2 ,, 2 „ 2 „ Annual 12 10 12 10 12 10 12 10 52 10 52 10 52 10 52 10 52 10 52 10 6 0 „ 1879 ... 1879 ... 1880 ... 1880 ... 1879 ... „ 1880 ... „ 1880 ... 1879 ... „ 1880 ... „ 1880 ... „ 1880 ... Johnson Bartell l_arltrop Rose Harkness Hodgson Terry Talbot O'Leary Tindill Peat „ 1881 „ 1881 1882 „ 1882 „ 1881 1882 „ 1882 1881 „ 1882 „ 1882 „ 1881 ,, ... ... „ ... ... ,, ... ... Marlborough „ ... Simmons' Prize ...

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