E.—l2

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1. General Statement of Accounts for Year ended 31st December, 1903. Receipts. £ s. d. Expenditure. £ s. d. Balance, Ist January, 1903 (on mortgage Office salaries .. .. .. 65 0 0 £2,800; Dr. balance at bank, £778 Bs. 2d.) 2,021 11 10 Other office expenses .. .. .. 14 Id M Endowments— Teachers' salaries . . .. • ■ 2,047 1J 0 Current income from reserves . . .. 370 0 0 Boarding-school Account . . .. 4*41 11 !-. Interest on moneys invested . ... 140 0 0 Examinations— Paid by School Commissioners .. .. 175 13 10 | Examiners' fees .. ~ • • 3b 15 O School fees .. .. ' •■ •■ 2,060 4 2 Other expenses ... .. .. 3 7 o Boarding-school fees 2,391 0 0 Prizes .. .. ■ ■ • • 0 0 Church sittings 33 2 0 Printing, stationery, and advertising .. «4 5 Temporary advances .. .. ■ • 90 lb W Site and buildings from current revenue— New works .. .. . • .. 102 12 6 Fencing, repairs, &c. .. .. . • 50 0 10 Rates and insurance .. .. .. 57 4 0 Interest on current account and bank charges .. .. • • • • 42 3 6 Other expenditure — Caretaker .. .. .. ■• 54 15 0 Church sittings .. .. • • 33 16 0 Furniture — School 39 4 8 House 247 3 7 School fees refunded .. .. • • 8 4 4 Rent of site .. .. • • • • 41 0 0 „ cottage .. • • ••22 15 0 Improvements to endowments .. . • 25 0 0 Balance on 31st December, 1903 — £ s. d. On mortgage .. .. 2,800 0 0 Less balance at bank ... 1,128 15 7 1,671 4 5 £7,197 11 10 £7.197 11 10 Geo. S. Bridge, Chairman. W. J. Carson, Secretary and Treasurer. Examined and found correct. — J. K. Wakbubton, Controller and Auditor-General.

2. Work of the Highest and Lowest Classes. Highest. To University junior scholarship standard ; a English, French, Latin, mathematics, science (botany and heat), and German. Lowes*.—Approximately Standard 111. with the addition of French. English is more advanced than for Standard 111.

3. Scholarships. The number of Education Board scholarship holders at the school was ten, to eight of whom the Governors gave free tuition as well. The Governors also gave a scholarship to one other and free tuition to six.

WANGANUI COLLEGIATE SCHOOL. Staff. Mr W. Empson, B.A. ; Mr. J. R. Orford, M.A. ; Mr. H. B. Watson, M.A. ; Mr. E. G. Atkinson B.A ; Mr. J. Harold ; Mr. E. Jardine ; Mr. J. E. Bannister, M.A. ; Mr. W. A. Armour, M.A. ; Mr. J. S. Lomas, B.A. ; Mr. &. O. Hardwicke, M.A. ; Mr. E. T. Norris, M.A. ; Mr.SC. F. Browne, M.A. ; the Rev. P. Williams, M.A. ; Mrs. Atkinson. 1. General Statement of Accounts for the Year ended 31st December, 1903. Receipts. £ s. d. Expenditure. £ s. d. Balance at beginning of year .. .. 400 12 7 Management— Current income from reserves .. .. 1,080 17 0 Office commission .. ■ • • • 59 14 I Interest on prize-moneys invested .. 6 5 7 Other office expenses .. .... 2.1 9 b School fees .. .. • ■ • • 2,591 16 0 Other expenses of management, including Boarding-schooi fees . . .. .. 577 0 0 costs inquiry 115 10 0 Interest on deposit .. .. • • 216 6 Teachers' salaries and allowances . . 2,865 7 8 Lease fees collected .. .. .. 10 10 0 Boarding-school Account .. .. 57 310 Refund of insurance premiums . . .. 3 8 6 Examinations— Examiners' fees .. • • • • oo U U Other expenses .. • • • • 20 2 2 Prizes 35 0 0 Printing, stationery, and advertising .. 65 8 1 Cleaning, fuel, light, &c. . . .. • • 78 19 4 Site and buildings, from current revenue— and new works .. .. 262 7 0 "Fencing, repairs, &c. .. .. • • 242 17 2 Rates, insurance, and taxes .. .. 91 510 Interest on current account, &c. .. .. 40 14 3 Law and lease fees .. • • • ■ 9 2 0 Purchase of furniture .. .. • • 479 15 6 Balance at end of year .. .. .. 182 9 8 £4,682 6 2 £4,682 6 2 Frederic Wellington, Chairman. Ed.W. Liffiton, Secretary and Treasurer. I have examined the books, rent accounts, and vouchers, and certify the balance-sheet as correct.— H. E. Dymock, Auditor.