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Grey Eussell Scholaeship Fund. Statement of Income and Expenditure for the Year ending 31st December, 1888. 1888. Receipts. £ s. d. I 1888. Expenditure. £ s. d. 1 Jan. Balance brought forward .. .. 43 17 6 ! Paid J. Watt, half-year's instalment Eent from farm on Signal Hill .. 4 7 6 ofjsoholarahip .. .. .. 20 0 0 Interest .. .. .. .. 54 1 7 1 Ditto .. .. .. 20 0 0 131 Dec. Balance in bank;.. ..28 5 0 Cash in hand, received after bank hours .. .. 54 1 7 82 6 7 Less unpaid cheques .. 20 0 0 62 6 7 £102 6 7 £102 6 7 Capital Account. £ s. d. £ s. d. To Amount invested on mortgage .. 750 0 0 By Capital .. .. .. .. 1,000 0 0 Balance in bank, 31st December, 1888 250 0 0 £1,000 0 0 £1,000 0 0 D. M. Stuart, Chairman, High School Board. C. Macandbew, Secretary. Examined and found correct.—James Edward FitzGeeald, Controller and Auditor-General. Eichabdson Cadet Corps Fund. Statement of Income and Expenditure for the Year ending 31st December, 1888. 1888. Receipts. £ s. d. 1888. Expenditure. £ s. d. 1 Jan. Balance brought forward .. .. 166 6 9 Paid Otago High School Cadet Corps 26 10 0 31 Dec. Balance — In Colonial Bank of New Zealand 89 16 9 Invested on mortgage .. .. 50 0 0 £166 6 9 ' £166 6 9 Capital Account. £ s. d. £ s. a. To Amount deposited in Colonial Bank of New By Original capital .. .. .. 150 0 0 Zealand .. .. .. .. 179 12 0 „ in shares sold current year, profit.. .. .. .. 29 12 0 £179 12 0 ' £179 12 0 D. M. Stuart, Chairman, High School Board. C. Macandrew, Secretary. Examined and found correct.—James Edward FitzGerald, Controller and Auditor-General. 3. Work of Highest and Lowest Classes. Boys' School. Highest.- —Latin : Translation of passages unseen ; selected portions of authors; continuous prose; grammar, philology, and criticism. English : English language and literature— King Lear; Chaucer's Prologue to Canterbury Tales; philology and criticism. French: Translation —selected portions and passages taken from authors of repute ; composition and grammar. German: 'Translation —selected portions and passages taken from authors of repute ; composition and grammar. Mathematics : Euclid, first six books; algebra, to end of quadratics, indices, and surds ; arithmetic, the whole subject, problems ; trigonometry, to end of solution of triangles. Science : Chemistry and physics, complete course of elementary inorganic chemistry, with practical laboratory work; mechanics and hydrostatics, elementary, as required for the Medical Preliminary and Junior Scholarship Examinations. Lowest. —Latin : Declensions of nouns, substantive and adjective; comparison of adjectives; conjugations of regular verbs; rules on gender, &c. English: Beading, spelling, and dictation; outline of British history from B.C. 55. Elementary physical geography. French: Eules for number and gender, &c. ; conjugation of avoir, etre, and the regular verbs; translation and retranslation of easy sentences. Arithmetic: The four simple rules, and easy questions on the moneytables. Drawing: Freehand. Gymnastics: According to a fixed course. Object Lessons: According to a fixed course.