E.-9.

up to the present all its income is more than swallowed up by charges for rates and fencing, <fee. Surely it was intended when the Act of 1877 was passed that secondary education should be assisted from time to time by reserves out of Crown lands as they were opened up and brought into the market. And, moreover, it is only fair that Wellington should, in the matter of endowments for secondary education, be placed on a similar footing to other centres in the colony. In early provincial days large endowments of land were set aside in the South Island for the benefit of colleges and high schools in the centres of population, but a similar course could not be pursued in this Island, where there was not only difficulty experienced by Provincial Governments in finding moneys for the purchase of only small blocks of land from the Native owners in order to open them up for settlement, but they were further hampered by the Native difficulty. Wars with the Natives hindered the acquisition and settlement of land to an extent not realised by those who had to administer the affairs of the South Island provinces, where no such difficulties presented themselves. The large endowments for higher education in the South Island came out of the lands of_ the colony; why should not Wellington equally share with other places in the benefits to be derived from such lands ? Wellington, 27th February, 1891. J. R. Blaie, Chairman.

2. Statement of Eeceipts and Expenditure for the Year ending 31st December, 1890. p ~«,„/„ -p q rl Expenditure. £ s. d. To Current income from reseTs" .. .. 1,704 6 0 By Overdraft at beginning of year .. 2,926 17 2 a l l f nn 2 2qi SlO Office-salary .. .. •• •• low ' i- 1 llt^s Tor scholarship's V. \\.III V i\ Teachers'salaries and allowances '.2,755 2 1 Levin scholarships 20 0 0 Examiners'fees 4o 15 0 Contributions for prizes .. ■■ 311 0 * -Scholarships 81 oO ■p f fl 14 0 Prizes .. .. • • ■ • dl Id b Advance from Government Y. Y. 1,000 0 0 P™^g, station^, and advertising .. 12146 Kepairs, &o. .. .. • • • ■ 26 7 9 Insurance .. ■. • • • • 95 i Interest on'current account .. .. 216 19 10 Kates, fencing, &c. .. .. - • 476 1 5 Legal expenses .. .. • • 48 18 10 Chemicals .. .. • ■ • • 519 11 Cartage .. .. • ■ • • 511 6 Sundries .. .. •• ■• 9 2 0 Overdraft at end of year .. ..2,798 5 1 Interest on cost of buildings .. .. 708 5 4 £7,848 7 3 j k,t,UiS I d

3. Balance-sheet of Special Funds for the Year ending 31st December, 1890. Turribull Fund (Wellington College). n■ t. £ g H Expenditure. & s. d. By^^ bro"gllUocward' ':: ::_^]H, Tolsr°:: :: :: :: J^^J Balance down £1,985 12 3 i Moore Scholarship Fund (Wellington College). By Balance brought forward .. 500 00: To Tranced to C^n^Ac count for pay- & inS p :: :: :: it ii s|b^ .. .. •■ q q ifeooO 6 a ; _ i - '" "■ -^———— Balance down .. • ■ • • £515 3 ° I Rhodes Scholarship Fund (Wellington College). By Balance brought forward 500 0 0j To *-^*g^*»^ fOT 14 18 s Interest deposited i? is «■' Bnl-mce •• 515 5 0 Interest v 18 8 Balance £530 3 8 £580 _8_ 8 Balance down £51S 5 ° i Barnicoat Prize Fund (Wellington College). BY forward .. .. 109 10 0, To «90 .. .. •• •• iHTIi .a £117 n 3 Balance down .. • • • • £n2 1T 3

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