B.—3a.

1888. NEW ZEALAND.

EDUCATION: THE COSTLEY TRAINING INSTITUTION. ("THE COSTLEY TRAINING INSTITUTION ACT, 1885.") [In Continuation of E.-3a, 1887.]

Presented to both Houses of the General Assembly by Command of His Excellency.

COSTLEY TEAINING INSTITUTION. Ebceipts and Disbursements for the Year ended 31st December, 1887. Receipts. £ s. d. Disbursements. £ g. <J, Balance in Bank of New Commission .. .. £17 13 6 Zealand, Ist Jan., 1887 £423 10 10 General expenses .. 23 15 4 Cash in hand .. .. T 19 S$ Legal expenses .. .. 14 12 10 431 10 3} Maintenance .. .. 399 14 7 Interest on loans, received 706 5 0 Repairs and improvements 44 10 10 Earnings, &o. (by boys) .. 63 12 3 Footpath .. .. 7 0 0 769 17 3 Library .. .. 812 6 Rebecca Hodge bequest .. .. 672 3 9 Furniture .. .. 20 4 0 536 3 7 Loan on mortgage .. 1,000 0 0 Paid in to credit of boys, in Auckland Savings Bank 13 7 6 1,549 11 1 Balances at 31st December, 1887— Bank of New Zealand 309 13 0 Cash in hand .. 14 7 2£ 324 0 2J Total .. .. .. £1,873 11 3J Total .. .. .. £1,873 11 3J

Capital Account at 31st December, 1887. & a. a, £ s. a. Received from Costley be- Lent on mortgages .. .. .. 10,000 0 0 quest .. .. £12,150 0 0 Land held for investment .. .. 378 0 0 Less expended on building and site .. .. 3,000 0 0 Amount for investment .. .. 9,150 0 0 Received from Rebecca Hodge bequest for investment .. .. .. 672 3 9 9,822 8 9 Excess in investments, being part of revenue funds— In land item .. £228 0 0 Cash .. .. 327 16 3 555 16 3 Total .. .. .. £10,378 0 0 Total .. .. .. £10,378 0 O