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2s. Bd. respectively. These credits, satisfactory though they appear to be, must not be accepted without qualification as exhibiting the true financial position of the Board. A portion of the credit balance is accounted for by a prepayment of £1,572 (the amount being deducted from the ordinary grants for the month of January) by the School Commissioners of Otago on account of primaryreserves rents due for the last quarter of the year. In assessing the financial position of the Board, account must also be taken of the statement of assets and liabilities which accompanies the balancesheet, and from which it will be seen that a sum of £1,372 is due in respect of the maintenance and repairs of school buildings. When, however, every contingency is taken into consideration, the Board may well congratulate itself on the soundness of its financial position. By order of the Board. John Fisher, Chairman. The Hon. the Minister of Education, Wellington.

General Statement of Eecbipts and Expenditure for the Year ending 31st December, 1907. Receipts. £ s. d. Expenditure. £ s. d. Balance at beginning of year .. .. 8,743 19 11 Staff salaries and clerical assistance .. 1,551 15 0 Grants from Government for— Office contingencies .. .. .. 1,105 16 4 Teachers' and pupil-teachers' salaries, and Teachers' and pupil-teachers' salaries, and allowances to pupil-teachers.. .. 32,177 15 1 allowances to pupil-teachers .. .. 35,900 10 4 Reserves revenue for primary education 3,821 2 1 Relieving-teaohers' salaries .. .. 122 8 5 Capitation at 6d. for relieving-teachers .. 212 6 8 Conveyance and board of school-ohildren .. 330 14 0 Capitation at 11s. 3d. and grant of £250 5,027 010 Special capitation to School Committees .. 317 17 2 Special oapitation at 9d. for School Com- Incidental expenses of schools .. ~ 2,370 19 4 mittees .. .. .. .. 317 8 9 Physical Instructor's salary .. .. 100 0 0 Conveyance and board of school-ohildren 328 2 6 Truant Offioer's salary .. .. ~ 75 0 0 Reoeipts from other sources— Donation to New Zealand International Interest .. .. .. .. 120 0 0 Exhibition .. .. .. .. 25 0 0 Rents of school-sites .. .. .. 59 8 5 Allowanoe to scholarship-holders and exSubsidies, household schools .. .. 44 10 0 penses of examination— Refunds .. .. .. .. 66 3 6 Board scholarships .. .. .. 638 15 0 Grants from Government for — National Scholarships .. .. 290 0 0 Scholarships— Salaries of teachers and additions to salaries Education Board .. .. .. 638 15 0 of head teachers on staffs of district National .. .. .. .. 290 0 0 high schools .. .. .. 1,060 0 0 Distriothighschoolß—Salaries of teachers 1,123 5 6 Manual and technical— Grants from Government for manual and School classes .. .. .. 1,031 12 3 technical instruction — Special classes .. .. .. 981 19 11 Capitation— Other expenses—Office salaries .. 94 4 8 On all olasses .. .. .. 1,707 7 3 General maintenance of school buildings— On account of free places .. .. 221 11 6 Alterations, small additions, repairs, Material for class-work .. .. 106 4 2 repainting, &o, .. .. .. 3,380 14 1 Receipts from other sources — Rebuilding .. .. .. .. 339 0 0 Pees .. .. .. .. 240 2 6 Rent .. .. .. .. 55 7 3 Voluntary contributions .. .. 15 14 0 House allowances .. .. .. 477 xi 3 Rent .. .. .. .. 32 10 0 New school buildings, additional classSale of materials .. .. .. 109 811 rooms, furniture, sites, &c. .. .. 4,308 18 8 Grants from Government for— Buildings, class-rooms, furniture, &c, for Maintenance of school buildings, re- manual and technical purposes— building schools, &o. .. .. 3,359 0 0 Sohool classes .. .. .. 235 1 i House allowances .. .. .. 524 17 1 Special olasses .. .. .. 214 19 7 New sohool buildings, additions, furni- Other expenses— ture, sites, &o. .. .. .. 2,899 14 0 Purchase of sites (Land Sales Aooount) 45 3 1 Other receipts—Donations to Building Ac- Appliances .. .. .. .. 371 15 8 count .. .. .. .. 150 14 6 Advertising tenders .. .. .. 37 6 6 Freight Aooount .. .. .. 77 8 0 Insurance, employees.. .. .. 10 0 0 Balance at end of year .. .. .. 6,787 4 4 £62,337 2 2 £62,337 2 2 John Fisher, Chairman. 24th March, 1908. John Neill, Secretary.