E.—6

8

(iii.) Income from the secondary-school reserves controlled by the School Commissioners, divided among the secondary schools in the several land districts in proportion to the number of pupils, exclusive of lower departments ; (iv.) Interest upon moneys derived from the sale of reserves, and invested in accordance with the Education Keserves Act; (v.) Statutory capitation upon free pupils under the Act; (vi.) Capitation on pupils in classes recognized under the Manual and Technical Instruction Regulations ; (vii.) Special grants from Government for buildings and apparatus ; (viii.) Statutory subsidies on voluntary contributions ; (ix.) Tuition fees of pupils ; (x.) Boarding fees of pupils ; (xi.) Miscellaneous sources, such as interest on moneys other than those obtained by the sale of reserves, donations, and special endowments (for scholarships, prizes, &c), rent of premises, &c. The revenue derived from the sources (i) to (iv) is the income derived from endowments, and the " net annual income derived from endowments " is the average for the three preceding years of this revenue, less the expenditure upon the endowments and investments and upon buildings, and less mortgage and other charges. Table J gives a summary of the receipts under the several heads named above, and of the various items of expenditure for the year. Table J. —Summary of the Accounts op Income and Expenditure for 1909 furnished by the Governing Bodies op Secondary Schools. Receipts. Expenditure. £ s. (J. £ s. d. Credit balances on 1st January, 1909 .. 25,037 17 9 Liabilities on 1st January, 1909 .. 6,627 14 6 Endowment reserves sold and mortgage Expenses of management .. .. 3,636 18 3 moneys repaid .. .. .. 1,064 12 5 School salaries .. .. .. 56,493 12 8 Rents, &c, of reserves .. .. 30,704 10 2 Boarding-sohool accounts .. .. 14,663 7 6 Interest on moneys invested .. .. 2,307 10 7 Scholarships and prizes .. .. 2,234 0 4 Reserves Commissioners'payments .. 4,066 7 4 Printing, stationery, fuel, light, &c. .. 4,092 11 10 Government payments— Buildings, furniture, insurance, rent, For manual instruction .. .. 900 15 9 and rates .. .. .. .. 41,911 7 2 For free places .. .. .. 33,489 14 8 On endowments .. .. .. 2,249 19.5 Subsidy on voluntary contributions .. 346 8 11 j On manual instruction .. .. 953 10 7 Grants for buildings, sites, furniture, Interest .. .. .. .. 2,044 11 10 &c. .. .. .. .. 4,746 6 10 ; Examination expenses .. .. 235 18 4 Statutory grant (Marlborough High Repayment of loans .. .. .. 800 0 0 School).. .. .. .. 400 0 0 Payments of High School Boards to Technical instruction— Education Boards .. .. .. 300 0 0 Government payments .. .. 6,521 6 0 i Sundries not classified .. .. 3,239 2 0 From other sources .. .. 1,353 13 4 On technical instruction .. .. 7,793 5 8 School fees (tuition) .. .. .. 18,887 8 5 Credit balances, 31st December, 1909 .. 22,793 8 5 Boarding-school fees .. .. .. 17,715 9 5 Books, &c, sold, and refunds .. .. 209 10 5 Borrowed on loan .. .. .. 5,850 0 0 Speoial voluntary contributions, bequests, and local subsidies .. .. 6,684 12 5 Sundries not classified .. .. 1,350 16 7 Debit balances, 31et December, 1909 .. 7,532 7 6 | £170,069 8 6 £170,069 8 6 It may be as well to compare the chief items of income and expenditure in 1907, 1908, and 1909. 1907. 1908. 1909. £ £ £ Income from reserves and endowments ... 33,636 36,774 37,478 Grants from Government (exclusive of building grants)* ... ... ... ... 24,948 29,108 41,258 Building grants ... ... ... ... 9,473 16,164 4,746 Tuition fees ... ... ... ... 20,128 19,160 18,887 Salaries of staff ... ... ... ... 50,038 52,340 56,494 Expenses of management ... ... ... 3,421 3,412 3,637 Buildings, &e 38,153 40,103 41,911

• These include, in addition to grants for seoondary education properly so called, amounts paid to secondary sohools as controlling authorities of technical classes: These amounts in the years 1907, 1908, and 1909 were respectively £1,307, £2,208, and £6,521.