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8
Fund and General Fund Investments amount to
The Endowment Rs. 2,583,100 is specifically earmarked for awarding
Rs. 9,71,676, of which
thirty scholarships.
In 1987 the Government of India decided to continue their grant of
Rs. 16,180 per annum for a period of five years, subject to certain conditions
and to the reconsideration of the position in 1941-42. The following state-
ment shows the credit and debit balances since 1933-34. ,
Year. Doficit. Surplus.
Rs, Rs.
yo9a-g4 . ke lk 10,649-11-0
1984-35. - + «© oe ‘ 20,732-4-0
1035-36. we . 6,161-11-4
1936-37. . . . . ’ . . . §,028-10-5
1937-88 . . . . . . . . . 13,737-4-3
The surplus of Rs. 13,737 in 1937-38 was used to complete the liquida-
tion of the overdraft in the College current account and it is now proposed
that any surpluses available in 1938-39 and 1939-40 should be devoted
towards the cost of a new class-room and Administrative Block which is
urgently required. The College Council has also ngreed to realise provi-
sionally for this purpose Rs. 40,000 Punjab Bonds, which had been invested
from the accumulated surpluses of good years prior to 1939 and does not
form part of the original Endowment of the College. It is satisfactory that
the ordinary fees together with the income (approximately Rs. 26,000) from
the Dairy, Farm, Rent and interest from investments cover all but Rs. 43,000
of the tgtal expenditure. As soon as the enrolment reaches the figure of
170, boys it should be possible for the College to face the future with
confidence.
4. Staf.—A statement showing the qualifications and salaries of the
staff is appended to this Report. Out of a total of 22 (including two
house mistresses), seven members including the Principal are Europeans.
Of the 14 Indians only six are trained. There are four ladies, three of
whom are Europeans and one Indian. The Indian Lady Assistant Mistress
acts also as Housekeeper and is responsible for the catering of the messes.
One post of Indian Master was vacant at the time of my visit while one of
the Indian masters has been on deputation to Bahawalpur State since
February 1935. Seven Indian masters are Government servants in the
service of the College, but are due to retire from Government service on Ist
April 19389. Apart from these seven, all members of the teaching staff
ate now on contract with the College and subject to College regulations.
Members of the staff are present in the messes at meals, play games wit.
the boys and review in fortnightly staff meetings and monthly housemasters
meetings the welfare and progress of individual boys.
5. Enrolment.—The enrolment for the last five years is shown below :—
34. wk 76
1935 . + 96
98. ee ee ee
87. ww kk - 107
8. ee . 10