E.—B

6

WELLINGTON COLLEGE. Balance-sheet for the Tear ended 31st December, 1882. Receipts. £ a. d. Expenditure. £ a. d. Tuition fees ... ... ... ... 1,341 16 8 Masters'salaries ... ... ... 1,220 16 8 Rents ... ... ... ... ... 999 310 Secretary, Balary and commission ... ... 114 18 6 Refund ... ... ... ... 0 2 6 Janitor ... ... ... ... 37 17 6 Interest (Moore Scholarship Fund) ... 2112 6 Printing, advertising, and stationery ... 40 6 9 Levin prize ... ... ... ... 10 0 0 Insurance ... ... ... ... 30 0 0 On account of year 1881—- Repairs, &c, to buildings... ... ... 14 18 11 Tuition fees ... ... ... ... 130 8 0 Sundries ... ... ... ... 21 16 0 Rents ... ... ... ... 26 10 0 Board for masters ... ... ... 150 0 0 Levin prize ... ... ... ... 10 0 0 Advertising leases ... ... ... 1 11 6 Balance ... ... ... ... 639 19 4 Examiner ... ... ... ... 15 15 0 Moore scholarship ... ... ... 30 0 0 Rhodes scholarship ... ... ... 30 0 0 Levin prize ... ... ... ... 10 0 0 Roads, &c, in reserve ... ... ... 95 13 11 Interest ... ... ... ... 528 16 4 Payments on account of year 1881 — Printing, advertising, and stationery ... 101 11 9 Repairs, &c, to buildings ... ... 122 4 6 Legal expenses from 1876 to 1882 ... 45 16 8 Levin prize ... ... ... ... 10 0 0 2,622 4 0 Balance brought forward from 1881 557 810 £3,179 12 10 £3,179 12 10 Scholaeship Funds. Turnbull Scholarship Fund. Receipts. £ a. d. Expenditure. £ s. d. Balance brought forward— Turnbull prizes, 1881 ... ... ... 25 0 0 Capital sum invested ... ... ... 1,000 0 0 „ „ 1882 ... ... 25 0 0 Interest in P. O. Savings-Bank ... ... 246 9 0 Balance ... ... ... ... 1,319 510 Interest on mortgages ... ... ... 112 10 0 „ Savings-Bank ... ... ... 10 610 £1,369 5 10 £1,369 5 10 Balance invested in mortgages ... ... 1,000 0 0 „ deposited in Savings-Bank ... 319 510 £1,319 5 10 Moore Scholarship Fund. Balance brought forward ... ... ... 500 0 0 Paid to General Account ... ... ... 21 12 6 Interest ... ... ... ... 21 12 6 Balance ... ... ... 500 0 0 £521 12 6 £521 12 6 Balance — Invested in mortgages ... ... ... 400 0 0 In hand ... ... ... ... 100 0 0 £500 0 0 Rhodes Scholarship Fund. Balance brought forward ... ... ... £500 0 0 1 Nil. Wellington, 19th March, 1883. Chaeles P. Powles, Secretary.

NELSON COLLEGE. Theee is little in the proceedings of the year just ended to call for special remark on the part of the Governors. In fact, when an institution is doing its work steadily and successfully, without noticeable change of any kind, there cannot be much occasion for comment on the part of its managers. The Governors pointed out in their report of last year that sudden and unlooked-for changes in the teaching staff, without any concurrence on their part, had had the ordinary effect of reducing the number of pupils. The comparative statement of the rolls for 1881 and 1882 shows that the number of pupils upon the roll during the latter half of the year 1881 has remained without substantial alteration, and, looking to the absence of any material increase in the population, and to the competition arising from the establishment of Government high schools in almost every centre of population in the colony, the Governors of Nelson College look with satisfaction upon the position which the institution under their management continues to maintain. The accounts appended to this report show that the balance of receipts over expenditure during the twelve months under review amounts to £400.