E.—9.

7. Banfurly Medals. —The Countess of Eanfurly donated two handsome silver medals to be competed for at the annual examination of students of the School of Music, which were awarded as follows: Senior division, Miss Florence B. Williams ; junior division, Miss Edith E. Clarke. 8. Sinclair Scholarship. —The Sinclair Scholarship, tenable for three years, of the value of £70 per annum, was awarded to Miss Anne F. Ironside. 9. Accounts. —The accounts will be forwarded as soon as the Audit Inspector has passed them. I have, &c, G. Maurice O'Eorke, Chairman. The Eight Honourable the Minister of Education, Wellington.

Statement of the Eecbipts and Expenditure for the Year ended 31st December, 1902.

I.—Genebal Account. Receipts. £ s. d. Expenditure. £ s. d. Balance, 1st January, 1902 .. .. 401 1 6 Salaries .. .. .. .. 3,609 2 8 Statutory grant .. .. 4,000 0 0 Office expenses .. .. .. 21 0 9 Interest .. .. .. .. 15 0 0 Stationery .. .. .. .. 31 13 6 Miscellaneous .. .. .. .. 23 13 9 Advertising .. '.. .. .. 47 5 10 Examination fees .. .. 38 17 0 Printing .. .. .. .. 56 6 6 Endowments— Rent .. .. .. 197 3 7 Cleaning, lighting, and warming .. 67 7 9 Taupiri rent .. .. .. .. 110 0 0 Fidelity bond .. .. .. 3 0 0 Waitemata rent .. .. .. 2 13 9 Insurance .. .. .. .. 47 5 0 Calendar .. .. .. .. 1 11 0 Interest and commission .. .. 0 14 6 Furniture and fittings .. .. .. 9 0 1 Repairs .. .. .. .. 38 16 2 Water-rate's .. .. .. .. 17 9 6 Lecture requisites .. .. .. 166 3 9 Library .. .. .. .. 119 3 8 Premiums .. .. .. .. 31 10 0 Examination expenses .. .. 23 5 6 Endowments — Whakatane.. .. .. .. 1 11 4 Miscellaneous .. .. .. 3 0 0 Balance, 31st December, 1902— At Bank of New Zealand £116 17 5 Less cheque outstanding 37 10 0 — ' 79 7 5 On fixed deposit .. £400 0 0 Cash in hand .. 16 16 8 496 4 1 £4,790 0 7 £4,790 0 7 II.—Separate Accounts. I. — Sinclair-Gillies Trust Account. £ s. d. £ s. d. £ s. d. Balance, 1st January, 1902 .. .. 3,372 16 10 Scholarship (one) .. .. 50 0 0 Interest on mortgage (four payments) .. 150 0 0 Advertising ... .. 3 10 0 Interest, Auckland Savings-bank .. 3 10 0 53 10 0 Interest, Post-office Savings-bank .. 6 19 1 Balance, 31st December, 1902 — At Auckland Savings-bank 128 10 6 At Post-office Savings-bank 351 5 5 On mortgage .. .. 3,000 0 0 — 3,479 15 11 £3,533 5 11 £3,533 5 11 II. —/. L. Sinclair Trust Account. £ s. d. £ s. d. Balance, 1st January, 1902 .. .. 19 0 2 Balance, 31st December, 1902— Interest .. .. .. .. 0 13 3 At Auckland Savings-bank .. .. 19 13 5 £19 13 5 £19 13 5 D. W. Eunciman, Registrar. Examined and found correct—J. K. Waebueton, Controller and Auditor-General.

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