✨ Financial statements of Nelson Trust Funds
8
RESERVE FUND.
DR.
To Amount of Fund from 1st of December, 1859 ... ... ... 6,511 6 0
,, Amount borrowed temporarily from the Steam Navigation Fund ... ... 2,000 0 0
,, Interest Account, for Interest received on Loans to 1st of December, 1860 ... 236 13 0
£ 8,747 19 0
CR.
By Loans on Mortgage 1st Dec., 1859 ... £2,350 0 0
Deduct Loan since repaid ... 200 0 0 ... 2,150 0 0
,, Balance of Loan to the Provincial Government for Educational purposes 1st December, 1859 ... 2,850 0 0
Deduct second Instalment paid ... 150 0 0 ... 2,700 0 0
,, Loan to Nelson Institute in 1859* ... 300 0 0
,, Loan to Nelson Institute in 1860* ... 500 0 0 ... 800 0 0
,, Grant to Governors of Nelson College ... 2,500 0 0
,, Salary to Secretary ... 75 0 0
,, Fees to Members of the Board ... 48 6 0
,, Office Expenses ... 6 10 0
,, Fee to Mr. Henderson ... 2 2 0
,, Fee to Auditors ... 4 4 0
,, Balance in hands of Trustees ... 461 17 0
£ 8,747 19 0
- These Loans to the Trustees of the Nelson Institute are not expected to be repaid so long as the present objects of the Nelson Institute are carried out in their integrity.
INTEREST ACCOUNT.
DR.
To Amount of Interest from sundry individuals during the year 1860 ... 360 3 0
£ 360 3 0
CR.
By Religious Reserve Fund ... 123 10 0
,, Reserve Fund ... 236 13 0
£ 360 3 0
TOTAL FUNDS UNDER ADMINISTRATION OF THE BOARD OF TRUSTEES ON THE 1ST OF DECEMBER, 1860, AS SHOWN IN THE FOREGOING.
| Invested in Securities bearing Interest. | Invested in Securities not bearing Interest. | Cash Balances unappropriated. | TOTALS. | |
|---|---|---|---|---|
| Religious Reserve Fund | 1,300 0 0 | 4,000 0 0 | 141 17 6 | 1,441 17 6 |
| Steam Navigation Fund | ... | 3,000 0 0 | 7,000 0 0 | |
| Reserve Fund | 2,150 0 0 | 3,500 0 0 | 461 17 0 | 6,111 17 0 |
| 3,450 0 0 | 7,500 0 0 | 3,603 14 6 | 14,553 14 6 |
MEMORANDUM.—In the item of £3,500, under the heading "Invested in Securities not bearing Interest," are comprised the Loans of £800 granted to the Trustees of the Nelson Institute.
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.
(Signed) H. C. DANIELL, Auditors.
JOHN SHARP,
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Nelson Provincial Gazette 1861, No 2
✨ LLM interpretation of page content
🏛️
Annual Report of the Board of Trustees of the Nelson Trust Funds
(continued from previous page)
🏛️ Governance & Central AdministrationFinancial Statement, Nelson Trust Funds, Reserve Fund, Interest Account, Nelson Institute
- Henderson (Mr.), Received fee from Trustees
- H. C. Daniell, Auditor of accounts
- John Sharp, Auditor of accounts
- H. C. Daniell, Auditor
- John Sharp, Auditor