E.—6

10

Finance. (Tables K7-K9.) The income of secondary schools is derived from the following sources : — (i.) Rents from special reserves allocated to them by statute : (ii.) Statutory grant given in lieu of special reserves (in one case) : (iii.) Interest upon moneys derived from the sale of reserves and invested in accordance with the Education Reserves Act: (iv.) Income from the secondary-school reserves controlled by the Land Boards divided among the secondary schools in the several land districts in proportion to the number of pupils in average attendance, lower departments excluded : (v.) Government payments—(a) For teachers' salaries and incidental expenses ; (b) subsidies on voluntary contributions ; (c) capitation for manual-instruction classes: (vi.) Special Government grants for buildings and apparatus : (vii.) Tuition fees of pupils: (viii.) Boarding-fees of pupils : (ix.) Miscellaneous sources, such as interest on moneys (other than those obtained by the sale of reserves), donations, and income from special endowments (for scholarships, prizes, &c), rent of premises, &c. The revenue derived from sources (i) to (iv) is the income from endowments, the " net annual income derived from endowments" being this sum less the expenditure incurred in connection with the endowments and school property and upon building purposes approved by the Minister. The " net annual income " and receipts from tuition fees are deducted from the amount payable to the High School Board by the Department for salaries. The following is a summary of the receipts and payments of all operative secondary schools: — Summary op the Statements o\? Receipts and Payments for the Year 1921 furnished by the Governing! Bodies of Operative Secondary Schools. (Wanganui Collegiate and Christ College Grammar Schools not included.) Receipts. Payments. Endowments— £ Sales .. .. .. .. 1,330 Endowments (including proportion of office £ Lands vested in High School Boards .. 43,373 expenses) .. .. .. .. 7,454 Secondary-education reserves .. .. 12,701 Teachers' salaries and allowances .. .. 153,543 Interest on moneys invested .. .. 516 Incidental expenses of secondary departGovernment grants— ments — Grants for buildings, sites, rent, apparatus, Office expenses and salaries (excluding &c, and subsidies .. .. .. 92,663 endowments) .. .. .. 4,705 For salaries .. .. .. .. 139,516 Printing, stationery, and advertising .. 3,813 For incidental expenses.. .. .. 25,076 Cleaning, heating, lighting, and care of Tuition fees .. .. .. .. 10,106 school-grounds .. .. .. 12,069 Lower Department Account .. .. 8,179 Material, examinations, prizes, games, and Hostels Account .. .. .. 66,962 j other incidentals .. .. .. 4,945 Loans, interest, &c. .. .. .. 3,811 Maintenance of buildings, rates, and taxes ... 9,028 Technical Classes Account .. .. 5,394 Sites, buildings, furniture, and apparatus .. 130,584 Voluntary contributions, income from property Lower Department Account .. .. 8,137 not reserves, refunds, capitation for manual Hostels Account .. .. .. 69,171 instruction, and sundries .. .. 13,815 Loans repaid, and interest .. .. 8,402 Technical Classes Account .. .. 4,755 Scholarships, manual instruction, advances to pupils, and miscellaneous .. . . 8,547 £423,442 Total .. .. £425,153 The amount expended exceeded the sum for the previous year by £78,000 ; the capital expenditure on new buildings being £59,000 greater, and the expenditure on hostels £12,000 greater. The latter increase was balanced by a corresponding increase in the receipts. The cost of maintenance, including salaries and incidental expenses, was practically the same as in the previous year. The Department's allowance of £2-5 per head for incidental expenses should have been sufficient to cover the total expenditure under this heading, but in some schools the expenditure was greater than the allowance. The cost ranged from £l'B6 to £3*3 per head, with the outstanding exception in which the cost was £5 - 05. The average cost per head for all schools was £2-54.