5

E.—l2

The balance-sheet (Table L 2) shows that the finances of the Boards generally are on a sound basis. The income of the schools for 1907 from school fees, not including fees for boarding, amounted to £20,128; from rents and interest, £29,332; from endowments administered by the School Commissioners, £4,304; from Government payments (irrespective of building grants), £24,948. The principal items of expenditure were —for salaries, £50,038; and for buildings, &c, £38,153. The expenditure under the latter heading again appears as an exceptionally heavy item, exceeding by £3,351 the amount set down for similar purposes in 1906, and pratically doubling that for 1905. Of the amount stated, the contribution from special Government grants during the year was £9,473.

Table L2.—Summary op the Accounts of Income and Expenditure for 1907 furnished by the Governing Bodies of Secondary Schools. Receipts. jg s $ Expenditure. g g Credit balances on Ist January, 1907 .. 38,236 12 4 Liabilities on Ist January, 1907.. .. 1,593 6 8 Endowment reserves sold and mortgage Expenses of management .. .. 3,421 2 1 moneys repaid .. .. .. 1,054 13 4 School salaries .. .. .. 50,037 16 11 Rents of reserves .. .. .. 25,731 12 11 Boarding-sohool accounts .. .. 6,177 13 7 Interest on moneys invested .. .. 3,600 8 0 Examination expenses.. .. .. 297 13 1 Reserves Commissioners' payments .. 4,304 13 7 Scholarships and prizes .. .. 2,026 19 0 Government payments— Printing, stationery, fuel, light, &c. .. 4,127 15 0 For technical instruction .. .. 1,046 14 3 Buildings, furniture, insurance, rent, and For free places .. .. .. 22,945 14 5 rates .. .. .. .. 38,153 2 3 Subsidy on voluntary contributions .. 555 18 6 Expenditure on endowments .. .. 2,558 8 0 Grants for buildings, sites, furniture, &c. 9,473 10 11 Interest .. .. .. .. 1,668 17 11 Statutory grant (Marlborough High Sundries not classified.. .. .. 13,251 19 4 School) .. .. .. 400 0 0 Credit balanoes, 31st December, 1907 .. 27,729 4 4 School fees (tuition) .. .. .. 20,128 3 8 Boarding-school fees .. .. .. 7,559 5 3 Loans for buildings, sites, furniture, &c. 3,700 0 0 Books, &c, sold, and refunds .. .. 586 16 11 Sundries not classified.. .. .. 5,938 6 2 Debit balanoes, 31st December, 1907 .. 5,781 711 £151,043 18 2 £151,043 18 2