H.—l

106

Estimated Assets and Liabilities of Nelson College, December, 1877.

CHRIST'S COLLEQE, CANTERBURY. Statement foe the Tear ending Ist Mat, 1878. Constitution. Christ's College, Canterbury, is an institution governed by a Warden, Sub-Warden, and Fellows who were declared to be a body corporate by an Ordinance of the Provincial Council of Canterbury dated 27th June, 1855. It is endowed by the Church Property Trustees with rural and town land in the Christchurch, Lyttelton, and Mandeville Districts, and received a grant of ten acres of the Government Domain from the Superintendent of Canterbury on the 24th February, 1857, as a site for buildings and grounds. It possesses also endowments for the following professorships and scholarships : Watts Eussell Divinity Professorship, Hulsean Chichele Professorship of Classics and English Literature, Somes Scholarships, Buller and Eeay Scholarship, Eowley Scholarship, Dudley Divinity Scholarship. The value of the various endowments is as follows : General estate, £19,000 ; Watts Eussell Professorship, £5,600; Hulsean Chichele Professorship, £2,300 ; Somes Scholarship, £5,750; Buller and Eeay Scholarship, £0,000 ; Eowley Scholarship, £2,800 ; Dudley Scholarship, £240; site and buildings, £12,000 : total, £53,690. Income for ihe Tear ending Ist May, 1878. —Eents, £2,334 3s. 3d.; school fees, &c, £3,003 4s. sd. ; College fees, £22 Is. 4d.; chapel receipts, £71 12s. lid.; library, £38 175.; interest on loans, £15 4s. 6d. : total, £5,485 3s. sd. Expenditure for the Year ending Ist May, 1878.—Salaries of masters, £2,681 75.; salaries of professors, £224 2s. 5d.; scholarships, £241 13s. 4d.; school requisites, £589 ss. Id.; College requisites, £171 14s. 3d.; chapel expenses, £73 os. 4d.; library, £38 2s. 2d.; repairs to buildings, £248 Bs. 3d.; insurance, £88 10s. lid.; office expenses, £287 3s. 3d. ; printing and advertising, £114 95.; labour, £133 Is. 6d.; sundries, £9 45.; sinking fund, £195 Is. Bd.: total, £5,095 3s. 2d. Number of Boys. —In consequence of illness breaking out among the boys, the numbers were fewer than usual during the second and third terms of 1877, but in the first term of 1878 the numbers rose again to 188. Students. —There were three students in residence. Scholarships. —Somes scholarships were awarded as follows: Senior scholarships to H. W. Williams, W. H. Herbert, J. H. Deamer, G. F. Bridge. Sons of Clergy scholarships to H. B. M. Watson, F. M. M. Watson, H. H. Mathias, H. E. Mathias. The Buller and Eeay Scholarship was obtained by J. E. Wilkinson. The Eowley Scholarship is vacant at present. The Dudley Scholarship is also vacant. University scholarships were won by James Hay, John Innes, W. H. Herbert, and B. M. Connal, while pupils of Christ's College ; H. W. Williams also holds a University scholarship. Examinations.- —Christ's College is affiliated to the University of New Zealand, and conducts matriculation examinations for the University. It is also empowered to examine candidates for the medical profession in the preliminary examination required by the Medical Council of Great Britain. Teaching Staff and Accommodation for Boarding. I. Christ's College — Upper Department. —Jesse Watts Eussell Professor of Divinity: The Very Eev. Dean Jacobs, M.A. Oxford; salary, £150 per annum. Hulsean Chichele Professor of Classics and English Literature, Tutor and Chaplain : The Eev. E. A. Hare, M.A. Cambridge; salary, £300 per annum, and house with rooms for six students. 11. Grammar School Department. —Headmaster: C. C. Corfe, B.A. Cambridge; salary, £400, and house with rooms for thirty boarders (takes the mathematics in Divisions 1., 11., 111., and A). Chaplain : The Eev. E. A. Hare, M.A. Cambridge; salary as above (takes the Divinity of the whole school). Second Master: E. A. Worthy, B.A. Oxford ; salary, £300, and house with rooms for thirty boarders (takes classics aud English VI. Form, and rest of school occasionally ; also Greek of Lower V. Form). Science Master :C. M. Phillips ; salary, £325 (takes science in VI., V., IV., and 111. Forms ; classics and English in Lower V.). Assistant Masters :T. D. Condell, salary, £250 (takes classics and English in the Upper and Middle V. Form). B. Church ; salary, £250 (takes classics and English in

Assets. Liabilities. £ s. d. £ s. d. Loans on mortgage, General En-' dowment... ... ...12,719 17 6 Endowment scholarships ... 1,000 0 0 3alance in bank to credit of Loan Account ... ... 246 2 6 £ s. d. £ s. d. Outstanding accounts ... ... ... 10 19 6 Suspense Account— Governors' fees from 1864 to 1876, inclusive ... ... 535 17 6 Ditto ditto for 1857 ... ... 71 0 0 13,966 0 0 freehold property, estimated at ... 6,500 0 0 .ollege buildings, estimated at 8,955 19 2 _dd amount paid for repairs and upkeep ... ... ... 377 13 5 9,333 12 7 .ollege furniture, books, &e. ... ... 720 5 2 [nterest due on mortgages to 31st Dec, 1877 789 9 5 imount due for rents to 31st Dec, 1877 328 10 0 Arrears boarding and school fees ... 331 3 6 Insurance premium advanced on account of mortgage security ... ... ... 8 19 8 .alance to credit of receipts, 31st Dec, 1877 636 3 7 606 17 6 Depreciation in College buildings for 1877, say £8,955 19s. 2d. at 2£ per cent. ... 223 18 0 Difference in estimated value of College buildings from 1864 to December, 1868 ... 2,420 13 9 Difference in value of furniture and first cost 924 12 3 Estimated balance, represented by endowment property ... ... ... ... 28,427 2 11 Total £32,614 3 11 Total ... ... ... £32,614 3 11