B.—l

114

Statement of Assets and Liabilities.

Liabilities. Nil.

Thomas V. Bybne, Chairman. A. J. Morton, Secretary. Examined and found correct, subject to the remark that the amount of outstanding rents is equal to 60 per cent, of the annual charge.— J. K. Wahburton, Controller and Auditor-General.

CANTERBURY. Sib, — Government Buildings, Ghristchurch, 4th January, 1908. In accordance with Order in Council of date 17th September, 1878, I have the honour to forward the report of the School Commissioners for the Canterbury Provincial District for the year ending the 31st December, 1907, together with a copy of its accounts duly audited. The total area of the Primary Education Estate under lease on the 31st December, 1907, was 67,162J acres, producing an annual rental of £19,000 Is. 4d. : of this area 23,315 acres is contained in what is known as Pastoral Run No. 5. The fixed deposit of £278 10s. 7d. with the Bank of New Zealand, which matured on the 23rd December last, has been redeposited for another year. During the year twelve holdings fell in ; of these one on which the occupier was living was renewed by arbitration and the remainder was let by tender, several of which were under 20 acres, being small hillside accommodation-paddocks adjoining the Waikari Township. A large number of leases fall in on the 30th April next, and in June last the School Commissioners agreed to renew the leases of twenty-six tenants by arbitration (who were chiefly living on the land and had made many improvements, such as building, fencing, draining, &c., for most of the land was unimproved swamp when leased in 1887), and the remainder, chiefly of very small area on which there are no buildings, it was decided to let by tender. I have, &c, John Rennie, Chairman. The Hon. the Minister of Education, Wellington.

General Statement of Receipts and Expenditure for the Year ending the 31st December 1907.

.ssets. iredit balance on the 31st December, 1907 ients due— Arrears Current loyalties due, current ... I £ s. d. 77 2 1 2 0 0 71 13 9 50 0 0 £ 8. d. j 58 9 7 4 17 6 £ s. d. 135 11 8 2 0 0 76 11 3 50 0 0 Total assets ... 200 15 10 63 7 1 264 2 11

c* Primary. Total. Receipts. 'o Balance brought down from 31st December, 1906 Arrears of rent from last account collected ... Moneys payable within the year 1907, and collected— On account of half-year's rent payable in advance on the 1st May, 1907 On account of half-year's rent payable in advance on the 1st November, 1907 Other receipts—Bank of New Zealand : Interest on £278 10s. 7d. placed on deposit for one year (see statement of 31st December, 1906) £ 8. 9,448 16 7,572 12 d. _ s. 2,560 16 2,087 8 8 7 17,021 9 8 6 d 5 1 3 9 Total receipts 21,678 0 6