Nelson Provincial Gazette – 1858 – No. 2

Page 11

✨ Nelson Trust Funds Accounts



11

ABSTRACT OF THE ACCOUNTS of the NELSON TRUST FUNDS, for the Year ended the
Dr. 1st December, 1857—continued. Cr.

RESERVE FUND.

£ s. d. £ s. d.
To Amount of Fund, from 1st December, 1857 16 15 6 By Loans on Mortgage during this Year 3,050 0 0
To Amount appropriated from the £20,000, drawn for upon the Lords Commissioners of her Majesty's Treasury 5,476 14 6 By Fees to Auditors, for 1856 20 0 0
To Interest Account, for Interest on Loans received during the Year 115 0 0 By Exchange on two Drafts on England, for £10,000 each 150 0 0
To Amount transferred from the College Fund 607 14 7 By Cost of Salver, manufactured in England from Nelson Gold, to be presented to Mr. Tytler 125 0 0
By Salary to Secretary, to 31st December 137 10 0
By Fees to Members of the Board 100 0 0
By Fees to Auditors, for 1857 20 0 0
By Legal Expenses at Nelson, for the Years 1855, 1856, and 1857 187 13 4
By Stationery and Office Expenses 14 17 9
By Balance in hands of the Trustees 2,411 3 6
£ 6,216 4 7 £ 6,216 4 7

INTEREST ACCOUNT.

£ s. d. £ s. d.
To Amount of Interest received from sundry Individuals, during the Year 1857 1,037 10 6 By College Fund 1,675 0 6
By Religious Reserve Fund 147 10 0
By Reserve Fund 115 0 0
1,037 10 6 1,937 10 6

Memorandum.
Arrears of Interest due upon the £ s. d.
College Fund . . . 155 0 0
Religious Reserve Fund . . 37 10 0
Reserve Fund . . . 12 10 0
£205 0 0

The College Fund having been transferred to the Governors of Nelson College, it is understood that the amount of Arrears of £155, owing on the 14th of November, 1857, is to be paid over to the Trustees of the Nelson Trust Funds when the same shall be received.

TOTAL FUNDS UNDER ADMINISTRATION OF THE BOARD OF TRUSTEES, ON THE 1ST OF DECEMBER, 1857, AS SHOWN IN THE FOREGOING :—

Invested in Securities. Cash Balances Unappropriated. TOTALS.
£ s. d. £ s. d. £ s. d.
Religious Reserve Fund 1,300 0 0 16 10 0 1,316 10 0
Steam Navigation Fund (advanced to Immigration Commissioners, and Nelson Coast Steam Association, without Interest) 9,000 0 0 . 9,000 0 0
Reserve Fund 3,050 0 0 2,411 3 6 5,461 3 6
£ 13,350 0 0 2,427 13 6 15,777 13 6

We hereby certify, that we have examined the Accounts referred to in the preceding Abstract, and the Vouchers connected with them, and have found them to be correct.

December 17, 1857. (Signed) ROBERT POLLOCK, } Auditors.
H. C. DANIELL,

APPENDIX

REFERRED TO IN THE ACCOMPANYING REPORT.

  1. The object of the Deed of Foundation is to establish an educational institution, to be called "Nelson College," for the advancement of religion and morality, and the promotion of useful knowledge, by offering to the youth of the province a general education of a superior character.

  2. The funds of the Institution having arisen from the contributions of persons of different religious persuasions, creed cannot be admitted as a disqualification, either as regards teachers or pupils.

  3. The governing body of the Institution shall consist of a Council of Governors, nine in number, the first council being appointed by the Deed of Foundation.

  4. There shall also be a Visitor, who shall be the Governor for the time being of the colony, or some person appointed by him for that purpose.



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✨ LLM interpretation of page content

🏘️ Abstract of the Accounts of the Nelson Trust Funds (continued from previous page)

🏘️ Provincial & Local Government
17 December 1857
Nelson Trust Funds, Financial Statement, Accounts, Nelson Province, Reserve Fund, Interest Account, Audit
  • Mr. Tytler, Recipient of a salver

  • Robert Pollock, Auditor
  • H. C. Daniell, Auditor

🎓 Appendix to the Report on the Foundation of Nelson College

🎓 Education, Culture & Science
Nelson College, Deed of Foundation, Education, Religious Education, Governance