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Revenue Account for the Year ended 31st December, 1887. Received. £ s. d. Expended. £ s. d. Balance from 1886 .. .. .. 659 10 3| On Commission .. .. £17 13 6 Income from interest on . General expenses .. 23 15 4 loans— Legal expenses .. 14 12 10 Costley trust .. £695 6 6 Maintenance .. .. 399 14 7 Rebecca Hodge trust 10 18 6 Repairs and improveReceived for boys' earn- ments .. .. 31 10 10 ings, &c. .. .. 63 12 3 Library .. .. 8 12 6 . 769 17 3 Furniture .. .. 20 i 0 536 3 7 Deposited to credits of boys, in Auckland Savings Bank .. " .. .. 13 7 6 Balance unexpended— Costley trust .. .. £868 17 11J Rebecca Hodge trust .. 10 18 & 1 879 16 8| Total .. .. .. £1,429 7 6J Total .. .. .. £1,429 7 6J

Balance-sheet at 31st December, 1887. Assets. £ s. d. Liabilities. £ s. d. Investments in land .. .. .. 378 0 0 Costley trust— Loans on rnortgago .. .. .. 10,000 0 0 Amount for investment, capital account 9,150 0 0 Cash in Bank of New Zealand .. 309 13 0 Balance of revenue account .. .. 868 17 11J Cash in hand .. .. .. 14 7 2J Rebecca Hodge trust — Amount for investment .. .. 672 3 9 Income unexpended .. .. 10 18 6 Total .. .. ..£10,702 0 2J Total .. .. ..£10,702 0 2J T. M. HAULTAIN, \ William C. Daldy,[-Trustees. Bdwaed Withy, J Examined and found to be correct.—L. A. Dueeieu, Auditor. 30th January, 1888. [Approximate Cost of Payer.—Preparation, nil; printing (1,425 copies), £1 4s.]

Authority : Geobge Didsbuby, Government Printer, Wellington.—lBBB.