E.—6

8

Finances of Secondary Schools. The income of secondary schools is derived from the following sources : — (i.) Rents from the special reserves allocated to them by statute : (ii.) Statutory grants given in lieu of special reserves : (iii.) Interest upon moneys derived from the sale of reserves and invested in accordance with the Education Reserves Act: (iv.) Income from the secondary-school reserves controlled by the Land Boards, divided among the secondary schools in the several land districts in proportion to the number of pupils in average attendance, lower departments excluded : (v.) Government payments — (a) Statutory capitation upon free pupils under the Act; (b) subsidies on voluntary contributions for the general purposes of the school: (vi.) Government payments — (a) Capitation for manual - instruction classes ; (b) subsidies on |voluntary contributions for manualinstruction purposes : (vii.) Special Government grants for buildings and apparatus : (viii.) Tuition fees of pupils : (ix.) Boarding fees of pupils : (x.) Miscellaneous sources, such as interest on moneys (other than those obtained by the sale of reserves), donations, and special endowments (for scholarships, prizes, &c), rent of premises, loans raised, &c. The revenue derived from the sources (i) to (iv) is the income derived from endowments, and the " net annual income derived from endowments " is the average of this revenue for the three preceding years, less the expenditure upon the endowments and investments and upon buildings, and less mortgage and other charges. The following is a summary of the receipts and expenditure of all secondary schools for the year 1912 :— Table X.—Summary of the Accounts of Income and Expenditure for 1912 furnished by the Governing Bodies of Secondary Schools. Receipts. Expenditure. £ s. d. £ s. d. Credit balances on Ist January, 1912 .. 27,863 17 6 Debit balances on Ist January, 1912 . . 9,025 16 11 Endowment reserves sold, and mortgage Expenses of management .. .. 4,336 1 9 moneys repaid and insurance .. 1,266 1 3 School salaries .. .. .. 69,806 5 4 Rents, &c, of reserves .. .. 34,458 12 1 Boarding-school accounts .. .. 23,028 11 7 Interest on moneys invested .. .. 1,456 13 7 Scholarships and prizes .. .. 2,626 18 5 Reserves revenue .. .. .. 6,240 13 5 Printing, stationery, fuel, light, &c. .. 6,033 4 0 Government payments — ' Buildings, furniture, insurance, rent, and For manual instruction, capitation, rates .. .. .. .. 37,982 611 and subsidies .. .. .. 1,404 12 11 On endowments .. .. .. 6,237 9 5 For free places, capitation, and subsidy On manual instruction, exclusive of on voluntary contributions .. 52,143 9 9 buildings.. .. .. .. 1,745 16 11 Grants for buildings, sites, furniture, Interest .. .. .. .. 4,494 12 6 &c. .. .. ■■ 5,254 611 Sundries not classified .. .. 2,463 19 4 Statutory grant (Marlborough High Credit balances, 31st December. 1912 .. 31,368 10 2 School) .. .. .. 400 0 0 School fees (tuition).. .. .. 17,972 16 1 Boarding-school fees, &c. .. .. 27,644 17 0 Sundries not classified .. .. 8,683 3 8 Debit balances, 31st December, 1912 .. 14,360 9 1 £199,149 13 3 £199,149 13 3 The following table gives a comparison of the chief items of income and expenditure with those for 1910, 1911, and 1912 :— Income. 1910. 1911. 1912. £ £ £ Income from reserves and endowments ... 38,980 39,975 42,156 Grants from Government (exclusive of building orants) ... ... ... ... 42,492 48,055 53,948 Building grants ... ... ... ... 11,794 11,588 5,254 Tuition fees ' 17,828 17,769 17,973