8.—7

16

School of Economics Fund. Receipts. £ s. d. Expenditure. £ s. d. Balance brought forward .. .. 3,482 4 10 Balance, 31st March, 1922— Interest .. I., .. .. 187 0 0 Wellington City debentures .. .. 3,400 0 0 National endowment, New Zealand Uni- In Bank of New Zealand, current account 822 8 11 versity .. - ... .. .. 553 4 1 £4,222 .8 II £4,222 8 II T. G. Macaktuv Fund. Receipts. £ s, il. Expenditure. £ s. d. Balance brought forward .. .. 503 0 3 Balance, 31st March, 1922— Interest .. .. .. .. 27 10 0 Wellington City debentures .. .. 500 0 0 In Bank of New Zealand, current account 30 10 3 £530 10 3 £530 10 3 G. G. S. Roihson, Registrar.

D. REPORT OF THE CANTERBURY COLLEGE, 1921* (The Canterbury College and Canterbury Agricultural College Act, 1896.) Visitm-. —The Minister of Education. Board of Governors (H. D. Acland, Esq., 8.A., Chairman). Appointed by His Exoellency the Governor-General—Leonard Monk Isitt, Esq., M.P., and the Rev. Samuel Lawry. Eleoted by members of the Legislature—Jonathan C. Adams, Esq., B.A. ; J. J. Dougall, Esq.; and Colonel George J. Smith, C.8.E., M.L.C. Elected by graduates—Very Rev. Dean Harpjr, M.A. ; William Brock, Esq., M.A.; Dr. George Mackenzie Lester Lester, M.R.C.S., M.R.C.T., M.A. ; Arthur Edward S. Flower, Esq., M.A., M.So ; J. R. Cunningham, Esq., LL.B. ; and G. T. Weston, Esq., B A., LL.B. Eleoted by public-school toachers Thomas Hughes, Esq., B.A. ; Christopher T. Ascbman, ; and Lawrence Berry Wood, Esq., M.A. Eleoted by School Committe9S—Charles H. A. T. Opie, Esq. ; Henry D. Acland, Esq., B.A ; and Hugh Boyd, Esq. Elected by Professorial Board—Andrew Fairbairn, Esq. Registrar. —L. A. Stringer, Esq. Staff, Professors.— Classics—H. Stewart, C.M.G., M.A. Mathematioi and Natural Philosophy—J. P. Gabbatt, M.A., M.Sc English Language and Literature—Arnold Wall, M.A. French and German—T. G. R. Blunt,, M.A. Chemistry—W. P. Evans, M.A., Ph.D., M.S.C.I. Engineering—Robert J. Scott, M.1.C.E., &o. BiologyCharles Chilton, M.A., D.Sc, M.8., &c History—James Hight, M.A., Litt.D., F.R.E.S. Physics—C, C. Parr, D.Sc, A.M.I.CE. Mental and Moral Philosophy—C. P. Salmond, M.A. (N.Z.). Economics—J. B. Condliffe, M.A. Education—James Shelley, M.A. Geology—A. Speight, M.A., M.Sc, F.G.S. Also lecturers, assistants, and demonstrators. EXTRACT FROM: THE ANNUAL STATEMENT OF THE CHAIRMAN OF THE BOARD OF GOVERNORS. Finance. —The total revenue on Maintenance Accounts, from all sources, shows a decrease of £2,040 on the previous year. The figures for 1921. are £80,851, and for 1920 £82,891. The difference is more than accounted for in outstanding rents at the close of the year, a large proportion of which have since been received. The total payments on all accounts amounted to £77,680, being £222 more than the year 1920. The income exceeded payments by £3,171. Government subsidies, grants, and capitation, included in the above revenue, amounted to £30,744. Other Government grants were £3,950 for buildings and sites, and £1,708 from the national endowment, making a total sum of £36,402 received from the Government. The revenue on the College Maintenance. Account was £30,025, anil the payments £31,821. The payments were £1,796 more than the income, but the difference was more than covered by outstandingrents at the close of the year. The revenue was £571 less than the previous year, and payments were £4,575 more than the previous year. The increase in payments is accounted for largely by an aggregate increase of salaries amounting to £3,280. The rent received from the College endowments was £12,206, and other items of revenue were —fees, £5,447; Government grants, £3,046; national endowment, £2,561 ; and boarding fees, £4,343. The larger items of expenditure were —salaries, £18,591 ; interest, £1,363 ; College library, £881 ; Workers' Educational Association, £350; contribution to School of Engineering, £614 ; and hostels, £5,006, including £756 for furniture, &c. The College Buildings and Sites Account was reduced by £1,197, the total debit at the close of the year being £14,912. The total revenue of the School of Engineering was £9,986, and the total payments were £8,430. Revenue showed an increase on the previous year of £2,509, and payments an increase of £1,900. Government grants and capitation amounted to £5,945. Fees were £2,274, and appropriations from endowments £1,614. Salaries, £6,297, are the main items of expenditure ; £500 was transferred to the Replacement and Contingencies Fund, which now amounts to £1,564. Payments on account of the new building amounted to £659.