✨ Financial Accounts
10
ABSTRACT of the Accounts of the Nelson Trust Funds, for the Year ended the
1st December, 1857—continued.
COLLEGE FUND.
Dr.
To Amount of Fund, from 1st December, 1856: £13,163 18 6
To Appropriation to this Fund from the £20,000, drawn for this Year upon the Lords Commissioners of her Majesty's Treasury, the Sum of: £11,523 5 6
To Interest Account, for Interest received on Loans from 1st December, 1856, to 14th November, 1857: £1,675 0 6
To Rent of Land at Massacre Bay: £10 0 0
£26,374 4 6
Cr.
By re-transfer to the Steam Navigation Fund of £2,000 transferred therefrom in 1855, and £2,000 transferred therefrom in 1856: £4,000 0 0
By transfer to Governors of Nelson College—
Loans on Mortgage, 1st December, 1856: £12,170 0 0
Loans on Mortgage in 1857: £6,590 0 0
18,690 0 0
Deduct Loans repaid in 1857: £400 0 0
18,290 0 0
Amount handed over in Cash: £1,710 0 0
£20,000 0 0
By Final Payment for Purchase of Town Acre, No. 503, and House: £689 4 0
By Expenditure on Head-Master's House and Ground: £37 13 0
Insurance of House against Fire: £7 10 0
£45 3 0
By Balance upon Erection of School-room: £11 5 0
Sundry Work to ditto: £5 11 0
Cost of erecting Entrance Porch: £50 10 0
£67 6 0
By School Furniture: £22 11 0
By Cost of Books for Library, and Amount remitted to England for an additional Supply of Books: £102 5 3
By Prizes: £15 0 0
By One Year's Stipend to Head-Master to 31st December: £350 0 0
Less for Occupation of House to 31st Dec: £75 0 0
£275 0 0
By One Year's Payment of Bonus towards Assistant-Master's Salary: £100 0 0
£375 0 0
By Amounts awarded for Scholarships: £50 0 0
Do. for Exhibitions: £105 0 0
£155 0 0
By Cost of Cleaning School-room: £15 6 0
By Advertising: £21 12 8
By Cultivation of Land, and cost of Grass Seeds: £94 5 0
By Land Agency for 12 Months, to 1st October, 1857: £20 0 0
By Charges for Surveying: £5 5 0
By Architect's Charges for Design, Specifications, &c., for the College Buildings: £138 12 0
By Amount transferred to the Reserve Fund: £607 14 7
£26,374 4 6
RELIGIOUS RESERVE FUND.
To Amount of Fund, from December 1st, 1856: £1,169 0 0
To Interest Account, for Interest on Loans received during the Year 1857: £147 10 0
£1,316 10 0
By Loans on Mortgage, 1st of December, 1856: £1,150 0 0
By Loans on Mortgage, in 1857: £150 0 0
£1,300 0 0
By Balance in hands of Trustees: £16 10 0
£1,316 10 0
STEAM NAVIGATION FUND.
To Balance of Fund, from 1st of December, 1856: £2,000 0 0
To Amounts transferred to the College Fund, in 1855 and 1856, and this Year re-transferred from that Fund: £4,000 0 0
To Amount appropriated to this Fund, from the £20,000 drawn for upon the Lords Commissioners of her Majesty's Treasury: £3,000 0 0
£9,000 0 0
By Loan to Immigration Commissioners: £2,000 0 0
By Loan to Nelson Coast Steam Association, without interest, for a period of 5 years: £4,000 0 0
By a further Loan to Nelson Coast Steam Association, without interest, but to be Repaid before any Division of Profits shall be made: £3,000 0 0
£7,000 0 0
£9,000 0 0
RESERVE
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Nelson Provincial Gazette 1858, No 2
✨ LLM interpretation of page content
🏘️
Abstract of the Accounts of the Nelson Trust Funds
(continued from previous page)
🏘️ Provincial & Local Government1 December 1857
Nelson Trust Funds, Financial Statement, Accounts, Nelson Province, College Fund, Religious Reserve Fund, Steam Navigation Fund