11

E.—B.

Receipts and Expendituee for the Tear ending 31st December, 1881. £ s. d. Expenditure. £ s. d. Balance at Bank of New Zealand on the 31st Scholarships— December, 1880 ... ... ... 1,394 18 9 Foundation ... ... ... ... 70 0 O Interest on mortgage securities ... ... 1,006 18 3 Endowed ... ... ... ... 84 0 0 Eents from endowments ... ... ... 409 5 0 Governors'fees ... ... ... 50 0 0 Boarding account ... ... ... 2,669 17 6 Exhibitions ... ... ... ... 177 10 0 Tuition account ... ... ... ... 1,562 0 0 Boarding account ... ... ... 2,130 0 0 Stationery account ... ... ■•• 65 17 6 Tuition account... ... ... ... 1,780 10 10 Miscellaneous receipts ... ... ... 79 11 10 Stationery account ... ... ... 86 2 3 Repairs account, including additions to buildings and improvements to grounds ... 783 13 6 Miscellaneous expenses — Further payment on account of arrears of Governors'fees ... ... ... 200 0 0 Purchase of right to paddock ... ... 30 0 0 Audit expenses ... ... ... 960 Appliances for science classes ... ... 28 10 5 Subscriptions to College sports, &c. ... 15 3 0 Legal expenses ... ... ... 23 1 6 Insurance from fire ... ... ... 67 4 0 City rates ... ... ... ... 23 17 4 Furniture ... ... ... ... 181 1 8 Printing and advertising, and office rent and expenses ... ... ... ... 134 15 2 Examiner's fee ... ... ... 25 0 0 Secretary's salary ... ... ... 225 0 0 Balance at Bank of New Zealand on the 31st December, 1881 ... ... ... 1,063 13 2 £7,188 8 10 £7,188 8 10

Assets and Liabilities on the 31st December, 1881. Assets. £ s. A. Liabilities. £ a. cL Mortgage securities— Governors of College— General endowment ... ... ...11,904 17 6 Amount of fees invested ... ... 1,000 0 0 Scholarship endowments ... ... 1,000 0 0 Balance of fees due to 31st December, 1880 320 17 6 Simmons prize ... ... ... 100 0 0 Fees payable for the year 1881 ... ... 100 0 0 Governors' fees ... ... ■•• 1,000 0 0 Outstanding accounts ... ... ... 100 0 0 Balance of loan account at Bank of New Zea- Estimated loss in collection of arrears included land ... ... ... ... 1,067 12 9 in statement of assets ... ... 500 0 0 Freehold property, exclusive of buildings ...10,650 0 0 Balance of assets over liabilities ... ...35,111 5 1 College buildings ... 7,500 0 0 Additions and repairs in 1881 556 0 5 8,056 0 5 Less depreciation, 5 per cent. 402 13 0 7,653 7 5 College furniture, as valued July, 1881 ... 867 9 1 Additions since that date... ... ... 51 12 0 Interest due upon loans ... ... ... 1,082 12 4 Rents due from endowments ... ... 186 0 0 Board and tuition fees due ... ... 504 18 4 Balance of current account at Bank of New Zealand 1,186 5 8 Less cheques not presented 122 12 6 1,063 13 2 £37,132 2 7 £37,132 2 7

Absteact of the Loan Account for the Tear ending 31st December, 1881. £ a. A. £ a. d. Amount {outstanding upon loan on 31st De- Amount outstanding upon loan on 31st December, 1880 ... ... ... ...14,304 17 6 cember, 1881 ... ... ... ...14,004 17 6 Balance to credit of loan account on 31st De- Balance to credit of loan account at Bank of cember, 1880 ... ... ... ... 567 12 9 New Zealand on 31st December, 1881 ... 1,067 12 9 Receipts from current funds on account of arrears of Governors' fees ... ... 200 0 0 £15,072 10 3 £15,072 10 3 Oswald Ctjetis, Secretary. We hereby certify that we have examined the above accounts, and compared them with the several Vouchers relating thereto, and found them correct.—H. C. Daniell, J. T. Catlet, Auditors.