E.—l

106

II. Endowments Account.

H. N. Gabland, Secretary and Treasurer. Examined and found correct— J. K. Waeburton, Controller and Auditor-General.

TAKANAKI. Sie, — School Commissioners' Office, New Plymouth, 13th June, 1908. I have the honour to hand you the statement of accounts and balance-sheet of the* Commissioners for the year ended 31st December last, duly certified by the Controller and AuditorGeneral " with exceptions." The exceptions taken are (a) payments without the previous approval of the Commissioners, (b) an increase in the amount of outstanding rents. I have to state that all the payments referred to were made on the definite authority of the Commissioners previously obtained, the amounts being chiefly for wages and contracts, which the Secretary was instructed to pay on presentation of vouchers. The matter of the rents has been fully considered by the Commissioners, who resolved on 13th March last " That . . . the Board is quite satisfied with the present system of collecting the revenues from reserves." I have only to add to this that the Taranaki Commissioners have rents payable every month in the year, some of them in advance, and that all our leases provide a certain period of grace. During the year we have had one leasing of lands, both bush and town sections, which resulted satisfactorily. There have been no changes in the membership of the Board, which consists of Messrs. F. Simpson, W. T. Jennings, M.P., and C. E. Major, M.P., as Government representatives, and Mr. H. Faull and myself elected by the Taranaki Education Board. I have, &c, James Wade, Chairman. The Hon. the Minister of Education, Wellington.

Primary. Secondary. Total. Receipts. balance, 31st December, 1906 iale of timber ... jand sold and taken for railway ... £ s. d. 1,054 13 2 221 17 0 87 0 0 £ s. d. 85 11 10 £ s. d. 1,140 5 0 221 17 0 87 0 0 Total receipts ... 1,363 10 2 85 11 10 1,449 2 0 Expenditure £ s. d. 1,363 10 2 £ s. d. £ s. d. 1,363 10 2 85 11 10 Irection of building balance, 31st December, 1907 85"ll 10 Total expenditure 1,363 10 2 85 11 10 1,449 2 0 III. Statement op Assets and Liabili' 'IES. Assets. ank balance (General Account) ... „ (Endowments Account) .ents, 1905, unpaid „ 1906, „ „ 1907, „ £ s. d." 398 18 9 10 15 0 46 12 10 753 1 2 £ s. d. 172 19 7 85 11 10 3 15 0 22 7 2 242 1 9 £ s. d. 571 18 4 85 11 10 14 10 0 69 0 0 995 2 11 Total assets 1,209 7 9 526 15 4 1,736 3 1 Liabilities. lease deposits held £ 14 14 s. d. 8 0 8 0 £ 4 8. 2 d. 0 £ s. d. 18 10 0 Total liabilities 4 2 0 18 10 0