FINANCIAL STATEMENTS, &c.

(No. 1.) EXPENDITURA FROM EDUCATION GRANTS.

(TABLE A.)-Classified according to Object of Grunt.

Total

326,436 763

77,670 17 11

1,893 8 8

1,633,284 12 9

(TABLE B.)–Classified according to Denomination of Recipients.

* The greater part of this charge used to be borne on the grant for the establishment of the Council Office. The whole is now borne on the grant for

education, and that for the Council Office is diminished in proportion. NOTE.- The net increase of Expenditure during the year 1854 over that of the year 1853 is £75,777 98.3d.

Balance Sheet for Year ended 31 December 1854.
DR.

£
Cr.

£ 8. d. To balance in hand 155,989 13 11) By grants to schools

286,898 97 To Parliamentary grant (voted

By expenses of administration 30 June 1854) 263,000 0 0 and inspection

39,537 17 111 By balance in hand (on 31 December 1854) •

92,553 6 5 £418,989 13 111

£418,989 13 11}

Balance Sheet from 1839 to 31 December 1854.
DR.

£ 8. d.
CR.

£ 8. d. To Parliamentary grants 1,703,000 0 0 By grants to schools 1,422,693 13 2) To balance transferred from

By expenses of administraTreasury

22,282 2 0 tion and inspection 210,690 1961 To repayment of grants 655 17 2 By balance in hand

92,553 6 £1,725,937 192

£1,725,937 19

2

(No. II.) SUMMARY of Grants awarded in aid of ERECTION, ENLARGEMENT, or

IMPROVEMENTS of School BUILDINGS from 1 January to 31 December 1854.

MEMORANDUM. A period of eighteen months from the date of cach award is allowed for claiming the payment of Building Grants. Grants for improvement or enlargement, if exceeding 507., may be claimed within twelve months from the date of the award; if less than 501., within six months. Beyond these periods the Committee of Council on Education does not hold itself responsible for payments. From this arrangement it results that a great proportion of the grants for building, or enlargement, improvements, paid in each year, were awarded in preceding years. See two following Tables.

1

The following Explanatory Table (A.) exhibits, under the foregoing heads, all the payments made between i January and 31 December 1854, including the foregoing sum of 17,6781.158.1d.

EXPLANATORY TABLE,

(No. II a.)

The following Explanatory Table (B.) exhibits, under the foregoing heads, all the Building Grants (including from the first Table the sum of 63,7007. 48. 9d.) remaining unpaid; and which, not having lapsed before 31 December 1854, may be claimed within the year now current, in addition to those awarded within the year now current.

EXPLANATORY TABLE.

(No. II 6.)

The Parliamentary Estimate for Building Grants, in each year, is calculated with refer. ence to the three foregoing Tables.