E.—9

23

Balance Account, 1889. £ s. d. I £ »■ dBalances brought down, Ist January, 1889— | Balances down, uncompleted purchases, Ist Gunn > .. .. .. .. 533 19 8 January, 1889 .. .. .. 8,723 3 7 Bank .. .. .. .. 1,778 0 1 Ordinary revenue .. .. .. 7,793 19 6 Ordinary expenditure .. .. .. 8,249 910 I Interest due, personal accounts .. .. 529 11 0 Amount of-uncompleted purchase cancelled 1,643 6 0 I Balances carried forward, 31st Dec, 1889— Balance uncompleted purchases .. .. 7,672 15 9 I Gunn .. .. .. •• 267, 8 I Colonial Bank .. .. .. ' 2,563 8 3 __^877~101_ | £19,877 10 11 £ s. d. £ s- ABalances brought down. Ist January, 1890— . ' Balance down, uncompleted purchases, Ist Gunn .. .. .. .. 267 8 7 January, 1890 .. .. •• 7,672 15 9 Colonial Bank .. .. .. 2,563 8 3 £2,830 16 10

3. Statement of Assets and Liabilities on 31st December, 1889. Assets. £ s. d. [ Liabilities. £ s. d. Rents overdue .. .. .. .. 689 8 8 Salary unpaid .. .. .. .. 125 0 0 | Tradesmen's accounts unpaid .. .. 73 210 j £198 2 10

4. Statements and Balance-sheets of Special Funds for the Year ending 31st December, 1889. Statement of Income and Expenditure of the Gray Bussell Scholarship Fund. Receipts. £ s. d. j Expenditure. £ s. d. To Balance brought forward, Ist January, 1889 02 6 7\ By Amount paid J. Watt, scholarship .. 40 0 0 Rent from farm, Signal Hill .. .. 4 7 6 j Balance in bank .. .. .. 26 14 1 Interest on deposit .. 17 10 0 Cash in hand .. .. .. .. 17 10 0 £84 i 1 j £84 41 Capital Account, Gray Bussell Scholarship Fund. £ s. d. £ s. d. To Amount invested on mortgage .. 726- 4 11 By Capital .. .. .. .. 1,000 0 0 Balance in bank on 31st December, 1889 273 15 1 £1,000 0 0 £1,000 0 0 Statement of Income and Expenditure of the Bichardson Cadet Corps Fund. Receipts. £ s. d. . Expenditure. £ _. d. To Balance brought forward, Ist January, 1889 139 16 9I By Amount paid Otago High School Cadet Corps .. .. .. .. 26 10 0 Balance on 31st December, 1889 — In bank .. .. .. 63 6 9 Invested on mortgage .. .. 50 0 0 £139 16 9 j £139 16 9 Capital Account, Bichardson Cadet Corps Fund. £ s. d. £ s. dTo Amount deposited in Colonial Bank of By Original capital .. .. .. 150 0 0 New Zealand .. .. .. 179 12 0 Amount of profit on Bank of New Zealand shares sold .. .. .. 29 12 0 £179 12 0 £179 12 0 D. M. Stuakt, Chairman. C. Macandrew, Secretary. Examined and found correct.—James Edward FitzGerald, Controller and Auditor-General.

5. Work of Highest and Lowest Classes. Boys. Highest. —Subjects of the junior University scholarship examination, and according to the range thereof — viz., Latin, mathematics, French, German, English literature and language, chemistry, and mechanics. It is attempted to offer the fullest teaching that time and circumstances allow. Lowest. —Latin, drawing (much time is devoted to this subject), object-lessons, arithmetic, English grammar (and especially memoriter work), first notions of science, reading, and writing. Two lessons in gymnastics are included in the weekly time-table. Girls. Highest. —English : Chaufcer, Prologue ; Shakespeare, Coriolanus ; Pope, Essay on Criticism ; Macaulay, Essay on Milton; Selections from Prose Writers, 1490-1684; Roman history, Kings and early'Republic; Morris's Historical English Grammar; composition, &c. Latin: Virgil, _Eneid, Book Vl.; Livy, Book XXII. (advanced section in addition); Horace, Odes, Book IV.; selections from Tacitus and Cicero ; at-sight translation—Sallust, Jugurtha, 61 chapters; grammar,