E.—9

24

2. Statement of Receipts and Expenditure for the Year ending 31st December, 1890. Receipts. £ s. d. Expenditure. £ s. d. To Endowments— By Overdraft at beginning of year .. 2,563 8 3 Beserves sold — Instalments received Management— in oasli .. .. 745 3 9 Office—salaries .. .. .. 180 0 0 Proceeds of discount Incidentals .. .. .. 75 18 0 of promissory notes 153 8 5 i Other expenses (legal account) .. 5 7 7 Current income from reserves .. 2,393 10 4 '. Teachers'salaries and allowances .. 5,708 1 3 Interest on moneys invested and on Boarding-school account — unpaid purchase-money .. .. 91 8 4 ' Boys .. .. .. .. 25 0 0 Paid by School Commissioners .. 368 11 0 Girls .. .. .. .. 602 17 11 School fees .. .. .. .. 3,059 2 6 Prizes .. .. .. .. 410 0 Boarding-school fees— Printing, stationery, and advertising .. 155 10 5 Boys .. '• •• 35 1 0 Cleaning, fuel, light, &c, including the Girls ~ .. .. 726 5 0 wages of two janitors .. .. 235 7 6 Dr. Balance— £ s. d. Site and buildingsBank overdraft .. 2,992 5 9 Laboratories .. .. .. 21 8 8 Less cash in hand 13 15 0 Fencing, repairs, and furnishing .. 71 7 1 Insurances and taxes .. .. 384 7 0 2,978 10 9 Interest on current account .. .. 220 6 9 Outstanding cheques 274 9 9 Endowments—Sales, management, &c. 50 17 0 y, 253 0 6 Amounts paid for retirement of promissory notes on account of purchase of land .. .. .. .. 521 3 5 £10,825 10 10 £10,825 10 10

Gbey Russell Scholaeship Fund. Statement of Income and Expenditure for Hie Year ending 31st December, 1890. 1890. Receipts. & s. d. 1890. Expenditure. £ s. d. 1 Jan ' Balance brought forward .. .. 44 4 1 Paid J. Watt, scholarship .. 40 0 0 Bent from land at Signal Hill .. 815 0 Fee, inspecting security .. .. 2 2 0 Interest on deposit .. .. 17 10 0 31 Dec, Balance in bank .. .. 28 7 1 £70 9 1 £70 9 1 Capital Account. 1890. & s. d. I 8. d. 31 Dec. To Amount invested on mortgage 187 10 0 By Capital .. .. .. .. 1,000 0 0 Amount due by W. Beid, deficiency on sale of Signal Hill security 398 2 11 Balance in Colonial Bank of New Zealand .. .. •■ 414 7 1 £1,000 0 0 £1,000 0 0 D. M. Stuart, Chairman. C. Macandrew, Secretary.

Eichabdson Cadet Cobps Fund. Statement of Income and Expenditure for the Year ending 31st December, 1890. 1890 Receipts. £ s. d. ! 1890. Expenditure. £ s. d. 1 Jan. Balance brought forward .. .. 113 6 9 Paid Otago High School Cadet Corps 26 10 0 31 Dec. Balance on 31st December — In Colonial Bank .. .-. 36 16 9 Invested on mortgage .. .. 12 10 0 Due by W. Beid, short paid on sale of security .. .. 37 10 0 £113 6 9 £113 6 9 Capital Account. £ s. d. | £ s. d. To Amount deposited in Colonial Bank of I By Original capital ... .. 150 0 O New Zealand .. • • 179 12 ° ! Amount of profit on Bank of New Zealand shares sold .. .. .. 29 12 0 £179 12 0 £179 12 0 D. M. Stuabt, Chairman. C. Macandbew, Secretary. Examined and found correct —James Edward FitzGeeald, Controller and Auditor-General.

3.. Work of Highest and Lowest Classes. Boys. Highest.— Latin: University Scholarship Standard—Livy, Tacitus, Cicero; selections for unseen translation; grammar and composition. French: Same standard—Selections for unseen translation; grammar and composition. German: Same standard—Selections for unseen trans-