E.—l.

There are no arrears of rent of 1894, and only £91 19s. 6d. is unpaid of the half-year's rentdue in advance on the Ist of May, 1895, which may be considered very satisfactory, and of the unpaid advance November rent, the greater part will be paid during the first quarter of this year. Of the half-yearly rents due in advance on the Ist of November, 1895, a rather larger amount than usual is shown as uncollected, which is to some extent caused by the lessee of Pastoral Run No. shaving put in a claim for relief owing to the loss of stock sustained by him last winter ; and, as his application has not been finally dealt with, his rent was allowed to stand over. I have, &c, H. R. Webb, The Hon. the Minister of Education. Chairman of the School Commissioners.

General Statement of Receipts and Expenditure for the Year ending 31st December, 1895. Receipts.

Expenditure.

102

Primaryeducation Estate. Total. £ s. d. £ s. d. 304 3 0 3 0 0 To Balance brought down from 31st December, 1894 Arrears of 1893, from last account ... Arrears of 1894, from last account ... Less written off as irrecoverable 1,725" 3 48 16 2 4 Moneys payable within the year 1895, and collected— On account of half-year's rent payable in advance on the 1st May, 1895 On account of half-year's rent payable in advance on the 1st November, 1895 1,676 6 10 7,973 3 3 13,931 4 11 5,958 1 8 Other receipts— Bank of New Zealand—Interest on £163 3s. 5d. placed on deposit for one year (see statement of 31st December, 1894) 6 10 5 Total receipts 15,921 5 2

By Office expenses and management — Salary of steward (inclusive of all travelling-expenses) Stationery and postage ... Bank exchange on cheques School Commissioners, railage and expenses £ s. 540 0 11 0 0 14 27 7 d. 0 2 0 0 £ s. d. 579 1 2 Expenses of leasing— Advertising and printing Law costs Subdivisional survey of Beserve No. 1145 ... 12 18 2 1 16 10 3 6 0 31 9 9 Payments to Education Boards— North Canterbury South Canterbury 12,142 2,858 0 0 0 0 15,000 0 0 Balance in Bank of New Zealand, 31st December, 1895— At credit of Current Account On fixed deposit 147 10 10 163 3 5 310 14 3 Total expenditure 15,921 5 2