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2. Geneeal Statement of Eeceipts and Expenditure for the Year ending 31st December, 1891. Receipts. £ s. d. j Expenditure. £ s. d To Capital Account—Price of reserves sold.. 888 8 0 By Dr. balance at beginning of year .. 3 253 0 6 Endowments— ManagementCurrent income from reserves .. 2,560 4 8 Office salary .. .. .. ]80 0 0 Interest on moneys invested and on Incidentals .. .. 38 11 4 unpaid purchase-money .. .. 156 12 3 Stamps and telegrams .. 22 19 0 Paid by School Commissioners .. 428 16 3 Other expenses (legal account) .. 11 5 0 School fees— Teachers' salaries and allowancesBoys ■ • ■• .. .. 1,732 7 6 Boys'school .. .. .. 3,097 17 10 Girls ■• ■• •• •■ 1,244 8 0 Girls'school .. .. .. 1,830 15 4 Boarding-school fees—Girls .. .. 765 7 0 Boarding-oohool account— Dr. Balance— £ s. d. Boys' school .. 42 15 0 Bank overdraft .. 2,589 1 9 Girls'school .. .. .. 548 16 1 Less cash in hand 60 10 0 High-school laboratories .. .. 3 16 Scholarships .. .. 20 0 0 2,528 11 9 Prizes .. .. 37 12 6 Outstanding cheques 135 1 3 Printing, stationery, and advertising .. 124 15 7 2,663 13 0 Cleaning, fuol, light, &c, including wages of two janitors .. .. 259 10 3 Book and stationery account— Boys' school .. .. .. 96 5 0 Girls' school .. .. .. 64 8 0 Site and buildings, from current revenue— Rates, county, city, &c. .. .. 282 12 4 Repairs, &c. .. .. .. 89 11 2 Insurance .. .. .. 51 9 0 Interest on current account and advances .. .. .. .. 303 3 0 Endowments, sales account— Auctioneer's commission and expenses 38 12 i Reporting on reserves .. .. 12 6 0 Destroying rabbits .. .. 24 9 2 £10,439 16 8 £10,439 16 8 D. M. Stuaet, D.D., Chairman. C. Macandeew, Secretary.

Assets and Liabilities on 31st December, 1891. Assets. £ s. d. Liabilities. £ s. d. Eents overdue .. .. .. 320 2 7 Tradesmen's accounts unpaid .. .. 191 0 6 School fees overdue .. .. .. 299 12 0 Board fees overdue .. .. .. 615 0 Amounts due on mortgage land, instalments, including interest .. .. 2,870 14 8 D. M. Stuaet, D.D., Chairman. C. Macandeew, Secretary. Examined and found correct.—James Edwaed FitzGeeald, Controller and Auditor-General.

3. Work op Highest and Lowest Classes. Boys. Highest. —Latin, French, German, English, Mathematics, Science : To the extent required by the Junior University Scholarship Examination of the University of New Zealand. Lowest. —Latin: An easy primer, with translation and exercises. French: An easy primer, with translation and exercises. English : Elementary Grammar, with memoriter work and exercises in reading and common-sense; History of England to 1485. Geography of the Australasian group. Drawing: Freehand, with writing. Gymnastics form part of the compulsory school course, and are included in the daily time-table. Girls. Highest. —English: Chaucer, the Nonne PrestesTale; Shakespeare, Much Ado about Nothing; Milton, Paradise Lost, Book II.; Selections from Prose Writers, 1490-1684; Boman History, the Later Eepublic ; Historical English Grammar; Composition, &c. Latin: Virgil, Georgics, Book IV.; ißneid IV., 500 lines; Caesar, Gallic War, Book II.; Livy, Siege of Syracuse. Advanced section (in addition) :At sight translation—Livy : Book I.; Horace, Odes, Book 11., part of Book 111. ; composition, grammar, &c. French: Saintine, Picciola ; Boielle, poetry; grammar, etymology, composition, &c. German : Macmillan's First German Course. Mathematics : Arithmetic, the whole subject. Algebra: To permutations and combinations, inclusive. Geometry: Euclid—Division A., Books 1., 11., 111., IV., VI.; Division B, Books 1., 11., 111. Trigonometry: Division A., Lock's Trigonometry; Division B, Lock's Trigonometry, Chaps. 1.-XL Science: Botany, the Morphology and Physiology of the Botanical Types specified in the Junior Scholarship Schedule. Chemistry : The metallic elements ; revision of the non-metallic elements. The Senior Division have revised the whole of inorganic chemistry. Lowest. —English : Longmans' Fourth Beader. History: Blackwood's Short Stories. Geography : Australasia, chief oceans, seas, &c.; physical geography, explanation of geographical terms, &c. Grammar: Simple analysis and parsing. Object-lessons : Simple lessons on common objects, with a view to subsequent composition on the subject of lesson. French : Chardenal's First French Course. Arithmetic : Simple and compound rules in money, simple problems, mental arithmetic.

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