8.—7.

Balance-sheet of the Univeesity of Otago for the Year ending 31st March, 1903. Receipts. £ s. d. £ s. d. Expenditure. £ s. d. £ a. d. Balance, 31st March, 1902 .. .. 677 10 8 Salaries .. .. 7,274 0 0 Burwood and Mararoa .. 1,300 0 0 Less salaries professors Barewood .. .. 900 0 0 and lecturers School Benmore .. .. 3,000 0 0 of Mines .. ..£1,600 ■ • Forest Hill (Miller) .. 16 12 10 Less salary of Curator Pebbly Hill (Claims) .. 18 15 0 of Museum .. £250 Prebb'ly Hill (Hay) .. 39 19 6 1,850 0 0 79c, Barewood .. .. 25 9 3 5,424 0 0 Professors' houses .. 240 0 0 Apparatus— Leith Street houses .. 41 16 0 Chemical laboratory .. 121 16 10 Castle Street houses .. 55 0 0 Physics laboratory .. 20 3 6 Castle Street houses (White) 6 0 0 Biological laboratory .. 29 1 1 5,643 12 7 Medical School .. .. 105 0 4 Church Board of Property .. .. 1,800 0 0 276 1 9 Pees .. .. .. 2,773 19 6 Fees—Professors and lecturers .. .. 2,072 11 0 Less transferred to School Repairs and alterations .. .. 70 3 2 of Mines Account .. 301 7 0 Library .. .. .. .. 58 14 0 2,472 12 6 Insurance .. .. 51 16 8 Interest on debentures .. 180 0 0 Less proportion charged to Less transferred to Scholar- School of Mines .. 10 0 0 ship Account.. .. 107 2 2 41 16 8 — 72 17 10 Water, fuel, and light .. .. .. 227 5 7 Incidental receipts .. .. .. 8 4 9 Printing, advertising, and staGoldflelds revenue (Barewood) .. .. 22 16 0 tionery .. .. .. 55 8 7 Analyst's fee .. .. .. .. 25 0 0 Less proportion charged to Interest on hot-water supply .. .. 9 0 0 Sohool of Mines Account .. 10 0 0 Special subscription, Even- 45 8 7 ing Star .. .. 819 5 0 Incidentals .. .. .. .. 36 2 1 Government subsidy .. 1,650 0 0 Expenses— Special subscription, Otago Leith Street house .. 21 18 9 Daily Times .. .. 100 0 0 Castle Street house .. 713 4 2,569 5 0 29 12 1 Sir George Grey Scholarship (from Treasury) 50 0 0 Bank charge, interest .. .. .. 8 8 6 Law-costs .. .. .. .. 20 16 8 Examination expenses .. .. .. 16 0 6 Retaining-wall .. .. .. 42 1 0 Special subscription paid to Endowment Fund Committee .. .. .. 100 0 0 Interest on loan .. .. .. 724 10 0 Transferred to— School of Mines Account 601 9 11 Museum Account .. 41 11 6 Sir George Grey Scholar- 50 0 0 ship Account 693 1 5 Balance 31st Maroh, 1903 .. .. 3,464 6 4 £13,350 19 4 £13,350 19 4 School of Mines Account. Receipts— £ s. d. £ s. d. Expenditure— £ s. d. £ s. d. Balance 31st March, 1902.. 250 0 0 SalariesGovernment subsidy .. 500 0 0 Direotor and lecturers .. 1,200 0 0 Extra grant .. .. 250 0 0 Proportion of salaries of 1,000 0 0 professors .. .. 400 0 0 From Mining Sohool classes .. .. 301 7 0 Assistant .. .. 79 10 0 Battery .. .. .. .. 12 8 6 Demonstrator .. .. 10 10 0 From General Account .. .. 601 9 11 1,690 0 0 Scholar .. .. .. .. 23 2 0 Proportion of general expenses 10 0 0 Proportion of insurance premiums .. .. 10 0 0 Chemicals, water, fuel, light, and repairs .. .. 182 3 5 202 3 5 £1,915 5 5 £1,915 5 5 Museum Account. lieceipts—■ £ s. d. : Expenditure— £ s. d. Rent of Museum and Reserve .. .. 550 0 0 Salary of Direotor .. .. .. 250 0 0 From General Account .. .. 41 11 6 Attendant and maintenance .. .. 341 11 6 £591 11 6 £591 11 6 Bichabdson Scholarship Account. £ s. d. £ s. d. £ s. d. Balance, 31st March, 1902 .. .. 837 15 3 Holder .. .. .. .. 25 0 0 Interest on debentures .. .. .. 30 16 0 Bank charge .. .. .. .. 0 10 0 Balance, 31st Maroh, 1903— Debentures .. .. 769 14 5 In Bank of New Zealand, current acoount .. 73 6 10 j g £868 11 3 £868 11 3

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