X

E.—1.

As no part of this last distribution was made in 1887 the whole of the money will appear in the Boards' accounts for 1888. It is included, however, in the assets of the Boards at the end of 1887. In the following tables (N and 0) account is taken of all money due to the Boards from the Government, including the sum of £31,107 from the Public Works Vote, as stated in the paragraph last preceding; and of all money received by the Boards from School Commissioners on account of reserves in the last quarter of 1887, and therefore deducted from the payments made by the Department in the first quarter of 1888 : —

TABLE N.—Money Assets (and Deficits), December, 1887.

TABLE O.—Money Liabilities (and Balances), December, 1887.

The peculiar construction of these tables is due to the desire to show the distinction between balances (or deficits) on account of ordinary current expenditure, and balances (or deficits) on account of the special grants made out of Public Works votes for the building of schools. If this distinction be disregarded it will appear that only one Board is without sufficient assets to cover its liabilities. That one Board is the Board of the Grey District, which shows a deficit of £289 12s. 5d., and is in that respect in a worse position —to the extent of £889 2s. sd.—than it was a year ago, when it had a balance of assets over liabilities to the amount of £599 10s. But when the distinction in question is observed it is found that the Grey Board has during the year exceeded its means for ordinary expenditure to the extent of more than £416, and is in debt on its ordinary account to the extent of £589 ; so that in order to get its ordinary account into a solvent condition by the end of the year it must reduce its rate of expenditure on maintenance and administration by over £1,000 a year, while its whole income, at £3 15s. capitation allowance, is only about £4,700. Besides Grey there are three other districts whose ordinary account shows a debtor balance, the liabilities exceeding the assets. In the case of Auckland, the deficit (£27 os. 4d.) is insignificant in comparison with the income; and the

Duo from Deficit on Account of Education Districts. Cash. Totals. Government. Other Sources. Building. Other Purposes. iuckland Earanaki Wanganui Wellington Hawke's Bay .. Marlborougb. STelson Irey Westland STorth Canterbury south Canterbury Dtago southland £ s. d. 5,239 17 11 702 16 0 893 10 4 1,300 16 4 £ s. d. 6,091 8 0 668 7 0 1,889 8 4 3,542 1 0 1,994 8 0 1,328 17 10 1,108 8 0 436 8 0 727 5 9 £ s. a. 48 G 8 44 10 11 £ s. d. £ s. a. 27 0 4 £ s. cl. 11,406 12 11 1,415 13 11 3,276 16 5 6,439 6 1 1,994 8 0 1,624 12 9 4,638 10 11 1,085 8 0 1,356 13 7 9,996 17 11 3,217 9 4 7,308 0 1 3,435 3 4 493'il 9 1,536' 8 9 295 14 11 3,530 2 11 614 8 8 9,240 0 3 1,712 5 4 1,503 1 5 1,477 13 4 26,570 13 5 CO 0 0 14 19 2 9 4 6 589' 0 0 747 13 2 1,405 4 0 5,804 18 8 1,957 10 0 I I > Totals.. 26,954 4 7 177 1 3 493 11 9 2,900 2 3 57,195 13 3

Liabilities for Balances for Education Districts. Totals. Buildings. Other Purposes. Buildings. Other Purposes. iuckland .. laranaki .. Wanganui Wellington Hawke's Bay Marlborough Nelson 3-rey Westland North Canterbury .. South Canterbury .. Dtago Southland.. & s. d. 2,496 4 9 313 14 0 187 2 1 206 7 0 t937 19 0 123 1 8 683 2 0 137 0 5 40 15 0 921 11 0 £ s. d. 5,110 13 3 334 0 1 •l,08G 15 0 & s. d. 3,799 14 11 760 16 7 £, s. d. 13 3 2,002 19 4 £ s. d. 11,406 12 11 1,415 13 11 3,276 16 5 6,439 6 1 1,994 8 0 1,624 12 9 4,638 10 11 1,085 8 0 1,356 13 7 9,996 17 11 3,217 9 4 7,308 0 1 3,435 3 4 404 12 10 1,387 10 10 649 0 0 60 0 0 5,077 7 6 1,645 18 7 150 0 0 416 8 8 6,232 19 1 95 3 9 459 0 11 1,106 6 2 299 7 7 772 18 4 3,997 19 5 1,542 1 3 2,733 4 0 2,834 9 7 961 5 3 637 17 4 1,401 11 11 477' 0 3 2,72816 0 155 0 0 29 9 6 1,690 0 1 29 5 1 Totals 16,322 6 9 J 24,700 1 7 8,936 12 11 7,236 12 0 57,195 13 3 * Not including £588 Is. due to llees bequest account, (eneral account (£1,461 5a. 3d.) i Difference between building liabilities (£,2399 4s. 3d.) and balance in