5

E.— l,

two. As showing the success of the standard of teaching of the curriculum prepared by the" late Professor Ulrich, out of these sixty-two associates, &c, of the School of Mines, eleven are at present in charge of or on the staff of ten Schools of Mines in six colonies—viz., Tasmania, Victoria, South Australia, Western Australia, Queensland, and New Zealand. Besides these in teaching positions, nearly the whole of those who left the school up to the end of 1899 (forty-five in uumber) hold responsible positions in many of the various branches of mining work and in many countries. Begretting as I do the incident which has necessitated my making up this report, it has been a pleasing duty to tabulate and place on record the results obtained by the school since its inception, and under the directorship of Professor Ulrich. I wish also to express my thanks to the other members of the staff who assisted me in every way in carrying on the work of the school. D. B. Watees, A.0.5.M., Lecturer on Metallurgy and Assaying, 31st March, 1901. and Acting-Director of the Otago School of Mines.

Balance-sheet of the University of Otago for the Year ending 31st March, 1901. Receipts. £ s. d. Expenditure. • £ a. d. Balance, 31st March, 1900 .. .. 1,585 16 4 Salaries .. .. .. .. 5,501 9 0 Rents— Apparatus, &c. — Burwood and Mararoa .. .. 1,300 0 0 Chemical laboratory .. .. .. 93 6 4 Barewood .. .. .. .. 900 0 0 Physics laboratory .. .. .. 12 10 1 Benmore .. .. .. .. 3,000 0 0 Biological laboratory .. .. 15 18 5 Forest Hill .. .. .. .. 16 13 4 Medical School .. .. .. 135 13 1 Castle Street house .. .. .. 75 0 0 Fees —Professors and lecturers .. .. 2,041 8 0 Leith Street houses .. .. .. 38 4 0 Repairs, alterations, &o. .. .. 85 17 0 Professors' houses .. .. .. 240 0 0 Library .. .. .. .. 59 611 Pebbly Hills .. .. .. .. 12 10 0 Insurance .. .. .. .. 41 16 8 Church Board of Property .. .. 1,800 0 0 Water, fuel, and light .. .. .. 189 7 4 Fees .. .. .. .. .. 2,664 17 9 Printing, advertising, and stationery .. 40 10 3 Interest on debentures .. .. .. 36 811 Incidentals .. .. .. .. 46 15 10 Interest on fixed deposits .. .. 34 17 1 Expenses, Leith Street houses .. .. 17 1 8 Incidental reoeipts .. .. .. 20 16 8 „ Castle Street house .. .. 7 0 0 Mining olaims .. .. .. .. 19 9 0 Bank charges .. .. .. .. 25 9 3 Analysis fees .. .. .. .. 25 0 0 Discount .. .. .. .. 3 7 9 Premiums paid for debentures .. .. 22 10 0 Law-costs .. .. .. .. 37 9 0 Special expenditure— Grant to Hospital .. .. .. 50 0 0 Hot-water supply to professors' houses 25 11 9 Management of reserves .. .. 2 2 6 Fees repaid to Hospital Trustees .. 14 14 0 Examination fees returned .. .. 4 4 0 Supervisor's fees .. .. .. 7 17 6 Transferred to Interest Acoount .. 711 0 0 Transferred to Museum Acoount .. 106 7 0 Transferred to School of Mines Account .. 1,129 4 10 Balance .. .. .. .. 1,341 14 11 £11,769 13 .1 £11,769 13 1 School of Mines Account. Receipts— £ s. d. Expenditure— £ s. d Government subsidy .. .. .. 500 0 0 Salaries— Battery returns .. .. .. 5 0 0 Director and lecturers .. .. 895 0 0 Transferred from General Aocount .. 1,129 410 Proportion of salaries of professors .. 400 0 0 Assistant .. .. .. .. 66 5 0 Proportion of general expenses .. 20 0 0 Proportion of insuranoe .. .. 10 0 0 Chemicals, water, fuel,light, and repairs 242 19 10 £1,634 4 10 £1,634 4 10 Museum Account. Receipts— £ s. d. Expenditure— £ s. d. Rent of Museum Reserve .. .. 550 0 0 Salaries of attendants and maintenance 415 7 0 Sale of specimen .. .. .. 24 0 0 Salary of Curator .. .. .. 250 0 0 From General Account .. .. 106 7 0 Payment on account of purchase of moa's egg .. .. .. .. 15 0 0 £680 7 0 £680 7 0 BICHAEDSON SCHOLAESHIP ACCOUNT. £ s. d. Expenditure— £ a. d. Balance .. .. .. .. 780 8 6 Bank charge .. .. .. 010 0 Interest on fixed deposit .. .. 5 5 0 Discount of fixed deposit .. .. 10 2 3 Interest on fixed deposit .. .. 42 0 0 Debentures .. .. .. .. 769 14 5 Interest on debentures .. .. .. 15 8 0 Balance .. .. .. .. 62 14 10 £843 1 6 £843 1 6