E.—l

47

The revenue derived from the sources (i) to (iv) is the income derived from endowments, and the " net annual income derived from endowments " is the average of this revenue for the three preceding years, less the expenditure upon the endowments and investments upon buildings approved by the Minister, and less mortgage and other charges. Capitation payments are made on a sliding scale according to the net annual income of a school from endowments, the maximum payment per free pupil being £13 10s. per annum. In addition a lump sum of £100 is paid to each secondary school. Certain conditions as to staffing and salaries of teachers have to be fulfilled before full rates of payment on account of the attendance of free pupils can be claimed. The income from endowments of the various schools in 1916 ranged from £0-58 to £29 per head of the roll number, while the net annual income from endowments, as defined above, was nil in eight cases and ranged from £0-191 to £9-195 per head in the remaining schools. This difference is adjusted, as previously stated, by the Government's paying capitation on a sliding scale, which varied in 1916 from £5-95 to £13-5 per free pupil. The result is that the sum of the net annual income from endowments and the capitation grant does not vary very materially in the individual schools. Nearly the whole of the endowments consist of grants of public lands. The following is a summary of the receipts and expenditure of all secondary schools (lower departments included; Wanganui Collegiate and Christ's College Grammar Schools excluded) for the year 1916 : — Summary of the Statements of Receipts and Expenditure for the Year 1916 furnished by the Governing Bodies of Secondary Schools. Christ's CollegeJ'Grammar Schools not included.) Endowments- ***«*• £ s . d. - Expenditure. £ g _ ± Sales and mortgage-money repaid .. 568 8 9 Teachers'salaries and allowances .. 84,459 II 10 Lands vested in High Sohool Boards 38,844 11 9 Incidental expenses— Secondary education reserves .. 9,145 19 2 Office expenses and salaries (exoluding Interest on moneys invested .. 730 0 7 endowments) .. .. .. 3,341 8 9 Government grants— Printing, stationery, and advertising 2,558 13 4 Grants for buildings, sites, rent, appa- Cleaning, heating, and lighting .. 6,767 1 4 ratus, &o. .. .. .. 9,096 13 9 Examinations, prizes, games .. 1.511 6 3 Capitation for free plaoes and subsidies 89.041 5 1. Material and other incidentals .. 1,467 6 0 Capitation and subsidies for manual Interest, repayment of mortgages, and instruction .. .. .. 1.901 1.4 3 j investments .. .. .. 6,880 II il Sohool fees .. .. .. 11,390 :i 0 : Manual instruction (excluding buildings) 1,186 510 Boarding-school Account .. .. 20,993 4 5 Boarding-school Aooount .. .. 17.587 110 Loans, transfers from Capita] Aooount, Land, buildings, furniture, insurance, interest, &o. .. .. .. 34.016 ILO rates, &c. .. .. .. 62,561 4 2 Technical Classes Account .. .. 2,364 15 :! j Endowments (including proportion of Refunds and sundries .. .. 4.4(H 0 7 office expenses) .. .. 5,855 2 I Technical ('lasses Account .. .. 2,545 8 5 Scholarships, advances lo pupils, and miscellaneous .. .. .. 5,676 4 I £222,613 18 5 £202,397 8 10 Although the yearly income exceeded the expenditure by £20,216 9s. 7d., it should be pointed out that the income includes a sum of £34,016, made up for the most part of loans raised for the purpose of erecting new buildings or additions. The expenditure on buildings, furniture, &c, amounted to £62,561, as compared with £36,811 in the previous year. The expenditure on salaries shows an increase of £7,710 over that of the year 1915, and the expenditure on incidental expenses likewise shows an increase of £4,670. The cost of incidentals (which include office administration, caretaking, material, &c.) varies in the different schools from £1 Bs. to £5 4s. per head of average attendance, or, excluding one school where the amount is exceptionally high, from £1 Bs. to £3 18s. per head. The total expenditure on salaries and incidentals was £100,105, and the total income from Government capitation and pupils' fees £100,431, so that these two sources of income covered the working-expenses of the schools. A profit of £3,406 was made on the Boarding-school Account, although in several cases the finances of the boarding establishments are not in the hands of the governing bodies. Tn such cases a clear source of revenue is being allowed by the Boards to pass into other channels.