E.—l

46

Junior University, Senior National, Taranaki, and Queen's Scholarships. M. F. Total. 1906 . . . . . . . . .. 20 16 36 1907 . . . . . . . . .. 18 12 30 1908 . . . . . . . . .. 24 -Ji 30 Totals .. .. ..62 34 96 Finances of the Affiliated Institutions in 1908. The detailed accounts of the four University colleges will be found in E.-7 ; the following summary will give a general view of their finances, as in it are massed all the accounts, except the special trust accounts and the accounts of non-university institutions under the same control:—

TABLE M4.— Summary of Accounts.

" The University Endowment Act, 1868." The income accrued under this Act, and applicable to purposes of higher education yet to be determined by Parliament, amounted, on the 3kt March, 1909, to £292 2s. 6d., received from reserves in Westland. General. Expenditure out of Public Funds on Education. An attempt is made in Tables N and Nl, 2, 3, 4, to analyse the public expenditure on the various branches of education, and to show under what heads the increase of expenditure in recent years has taken place ; to give the expenditure per head of the population and per head of the roll of the schools, colleges, &c.; and to present a comparative statement of the increase in the number of persons under instruction. Tables N and Nl give an analysis of the expenditure for the years 1907-8 and 1908-9 respectively.

Expenditure, (i Deficits, M07. University College. General. Special. exclusive of Special Trusts). £ £ Sites, Buildings, Adminis- „.,-_,,,. and tration, Interest, Salaries. Bquip . Scholar . &c . mont En- ships, Ac. dowment. £ £ £ £ 5,192 3,093 1,193 6,322 1,295 ! 2,358 14,662 7,046 ! 2,749 590 9,893 3,634 I 1,646 498 36,069 15,068 ! 7,946 1,088 £ 4,634 5,079 Balances, December, 1908. General. Special. £ ■ £ * 14,112 ! 15,054 ? : 60,345 J 28,780 118,291 Total. Auckland Victoria (to 31st March, 1909) Canterbury . . . . .. 1,346 637 Otago .. . . .. .. 433 137 ! 33,315 12,539 Total of four University col- 1,346; 1,070 leges 9,850 45,854 1,489 871 4,894 624 7,878 Canterbury AgriculturaHJollege B< '.ceipts (exclusive of Sped ial Trusts). Balances, 1907. From University Colleges. -g j .S Statu- § I tor yi , i Government. Special Buildand ings, other. &u. i ! I _l a I I J Deflcil cembei 1 5 to, De- :, 1908. i 1 CO Total. I . £ £ £ Auckland .. .. 5,181 1,877; 4,000; Victoria 4,944 .. 4,000 Canterbury .. 26,400 . .| Otago University .. .. 483 12,249 . .jj Total of four University 10,608 40,526, 8,000 colleges Uanterbury Agricultural College; 292; £ £ 2,075 .. 3,363! 200' 3,771 471 2,000 2,793 £ £ 502 66, 54 126 15,582 985: 8,238 814 £ 99! 1,950 4,296 i 1,740 £ < 114! i 417 - 1,393 26! £ 6,497 £ 198 950 437 14,112 15,054 60,345 28.780 ' 11,209 3,464 24,376J 1,991 \ 8,085 1,950 0,497^ 1,585 118,291 2,642 .. 1,739 3,205 ; 7,878