E.—7

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Institution of Mining and Metallurgy, London. —This is the supreme body governing mining procedure and standardizing technological methods throughout the Empire. It is gratifying to say that the associate membership of this institution is now open to our graduates without examination or further academic qualification. Laboratory.' —During 1913 assays were made at schedule rates, most of the determinations being for gold and scheelite.

ACCOUNTS AND BALANCE-SHEETS. Statement of Cash Receipts and Expenditure por Year ending 31st March, 1914. Receipts. £ s. d. Expenditure. £ s. d. Proceeds Mining School conversazione .. 4 2 0 Balance, 3lst Mirch, 1913 .. .. 190 9 8 Donation honorary staff of Dental School.. 35 14 0 Purchase of King Street section .. .. 1,028 8 8 Donation to Library by Medical Association 10 0 0 Insurance .. . . .. .. 103 310 City Corporation grant to Museum and Dunedin Technical School, conducting Hocken Wing .. .. .. 75 0 0 physics class for home science.. .. 30 0 0 Sale of apparatus from Mining School . . 32 1 9 1 Otago Education Board, use of kitchen in Donation from Otago Law Society . . 100 0 0 North Dunedin Technical School .. 100 0 0 Grants from Beverly Trust .. .. 495 18 7 Bank of New Zealand, interest and charges 19 2 0 Donation from Mr. J. Studholme for home Interest on University debentures .. 400 0 0 science .. .. .. . . 300 0 0 Law-costs .. .. .. .. 9130 Donation from Citizen's Committee for Hospital Board, one-tenth dental fees for home science .. .. .. 200 0 0 six months .. .. .. 15 13 4 Interest on investments .. .. 644 11 3 Hospital Board, contribution in aid of Hospital Board refund of quarter of salary Forth Street Home .. .. . . 37 10 0 of A. Logan .. .. . . 13 0 5 Expenses . . .. .. .. 372 6 4 Hospital Board subsidy to Dental School.. 200 0 0 Library .. .. .. .. 243 14 7 Subsidy received from Hospital Depart- Materials and renewals of stock.. .. 671 14 4 ment on donation from staff of Dental Repairs .. .. .. .. 214 2 1 School .. .. .. .. 58 (> 5 Printing, advertising, and stationery .. 305 3 2 Bale of calendars .. .. .. 17 210 Consulting-fees paid to Dr. Inglis .. 3 3 0 Fees for Dr. Inglis's consulting-work .. 800 Fees paid to professors and lecturers .. 4,165 I 5 Students' fees .. . . .. 7. 452 5 0 ' Expenses in connexion with popular Dental patients'fees .. .. .. 280 17 3 lectures .. .. .. .. 29 4 6 Receipts from popular lectures .. .. 10 12 0 j Water, light, and fuel .. .. .. 377 12 6 Presbyterian Church Board .. .. 1,800 0 0 New works .. .. .. .. 59.13 8 Government grants — £ t>. d. Equipment and apparatus .. .. 501 911 Specialization .. .. 3,500 0 0 Government commission on rents .. 142 17 6 School of Mines, portion of Salaries .. .. .. .. 13,202 17 9 1912-13 grant .. 250 0 0 Payments to Public Trustee, for superSchool of Mines, annual animation contributions of members of grant .. .. 500 0 0 the staff .. .. .. .. 529 11 8 School of Mines, special Commissioner of Taxes, income-tax .. 710 0 grant . . .. 250 0 0 Balance .. .. .. .. 357 14 1 Subsidies for home science 500 0 0 Subsidy for commercial classes .. .. 100 0 0 Capitation for commercial classes .... 47 3 10 5,147 3 10 ! Goldfields revenue .. .. .. 24 3 6 Timber licenses .. .. .. 7 5 0 Rents .. .. .. .. 6,202 9 10 £23,117 17 0 £23,117 17 0

Audited and found correct. —R. J. Collins, Controller and Auditor-General. Balance-sheet op the University of Otago for the Year ending 31st March, 1914. Liabilities. £ a. d. Assets. £ s. d. Capital Accounts —■ Mrs. Leask's Trust .. .. .. 417 8 Sales of property .. .. .. 3,801 14 9 Arts and Science Account .. .. 958 7 9 Dunedin Savings-bank .. .. 6,500 04) Hospital Board, one-fourth salary of A. Subscribed Fund .. .. .. 2,249 0 0 Logan for quarter ending 31st March. Wolff Harris Endowment .. .. 2,100 0 0 1914 ... .. 14 11 8 Mrs. Lothian's Bequest '.. .. 600 0 0 Fees short-banked .. . . .. 0 0 6 Beverly Trust Account .. .. 6 9 8 Fees due by Education Department .. 248 15 6 Home Science School .. .. 1,253 4 7 Pees overpaid to Dr. Shand .. .. 6 6 0 Income-tax Department .. .. 710 0 Education Department, capitation due .. 155 13 10 Scholarship Trust Account . . .. 8 8 9 Rents due on professors' houses for Dental feos due to Hospital Board .. 28 1 9 quarter ending 31st March. 1.914 .. 60 0 0 Chemistry Apparatus Account .. 17 13 0 . Stock Exchange debentures .. .. 1,800.0 0 Fees due to professors .. .. 423 13 6 Dunedin City Tramway debentures .. 2,689 .9 0 New Zealand Government debentures .. 10,000 0 0 Borough of Mornington .. .. 700 0 0 Bank of New Zealand .. .. 357 14 1 £16,995 16 0 £16,995 16 0 Debentures owing by University .. £8,000 0 0