AGRICULTURAL COLLEGE BOARD.

Press, Volume LX, Issue 11505, 11 February 1903, Page 8

AGRICULTURAL COLLEGE BOARD.

.» . V , The Canterbury Agricultural Oollegf -if ,, ' Board met at Lincoln yesterday, when there |ft were present—The Hon. E. C. J. Steven* (chairman), and . Messrs J. Studholme, », i juo., H. A. Knigbt, D. McMillan, M. "f r; Murphy, W. F. M. Buckley, and E. V j Richardson, jun. •: Oriihe motion of Mr Knight.'a echola* "* "I ship was granted to E. A. Maude. , J Accounts amounting to £444 2s 10d weflt * * J passed for payment. ' ' i The annual htatentent of accounts was , ' j laid before the Board. The receipts on the ) general account were £3733 16s 4d, of J which the chief items were—lnterest ob i capital £1165, rent of reserves and facia * cottage £1595 6e 7d, and etud«nte* feet * \i £855 16s sd. The expenditure was £3661 ,'| 3s Id, including salaries of etaff £1316 IS* J lid, maintenance of etudenta and staff r V? £1102 Aβ, scholarships £100, contingenejea "£ £112 Iβ 6d, transferred to farm account jj. £241 2s 4d, leaving a credit balance of :*M £172 13s 3d. ?$ The receipts on the farm account wen */.<& £1826 12s sd. The chief items were—Sales tl of produce, grain, etc, £614 lla Bd, ttattl .VI of sheep £594 10a 3d, cattle £216 Qβ 7d, ' £g» and pigs £194 19s lid, and'a sum of *'&£ £241 2s 4d transferred from the general account. The expenditure, which totalled s Js% £1826 12s sd, included the following item*: *■£ —Purchases of sheep £194 18e 4d, horses £162, farm wages (including £260, proper. .'., n £4 tion of director's salary) £673 13s, manure! ~..\|s £147 13a Bd, trade accounts £271 9* Bd, l;||| and implements £109 2e 6d. agg In reply to Mr Richardson, Jfr earid the accounts did l not abow' tiie profittf l ' ir jv resulting from the farm, which were. aboot " J ". aP £750, without allowing for interest on I' >Jfi capital. - <- ijj|| Mr Richardson eaid it was th* gene« 4 £ *'$%& opinion of farmers in South OtoterburJ % : that the farm did not pay. * *"?$& The Chairman 1 explained that the aUto*,.. ment showed the receipt* and of the institution as a wttole,' and was poet pared in accordance with the Act. It w**v •'-sjaj i not a profit and loea account. / £fM Mr Lowrie Eaid it did not chow thai thf," form paid at all, and did' not take into con- '■ '£pf| eideration the stock, wool, end crop* to b* \ sold this year. , /^| i Mr Studholme eaid that the farroem in» MM*. I the Ajshourton county had a poor opinion '<S|f of the result* from vie working of farm, nnd they based that' opinion, on tt*,vi>;|| audited aceonnte of the Board. ' ".^ Mr Lowrie said-.these was aboub £10001 worth of crope and stock to be put on th» £§S credit side. He could not chow that tto\>J||| fainn paid 5 per cent, profit over and above i-~£fst interest, but no toped to be able to do 50,., The estimated receipts and expenditure <»'-\%J|| the farm for the curren* year would show tj» VsS- 1 position better than did. the statement* accounts. The receipts were set down £2460, and the expenditure £2234, Sat ia**%|§ eluded in tihe expenditure woe £500 ft*«,|#«f crossbred ewes and a stud ram, and guineas for a bull, that he proposed to chase. These two items, with the baJaoM of receipte over expenditure,. would show. JWm nearly £10OQ to the credit of the farm o» }Wm the, year's working. * * r $%Bm Mr Itichordeon said it was only fair Mr Lowrie, and would Temove the impreeeions that existed, if a aeparate ment were published showing the yeMiy < profit from the farm. ■ C ?S%M After some discuesion it was agreed something of this kind was necessary, fa? >js|| tne information of the public, but theßoerf, \$%M was compelled by the Act under worked to out the statement «( ••* counts in the form that had been wtw mitted. \, tpM The Board then considered the eeUmawi;, for the current Jsear. The estimated re- J:sj| cerpta on the general account were £3»» 6s, and the expenditure £3329 10s. Oα the 1 farm account the eetimated receipte wW* -, v|| £2460, and expenditure £2234. The «•*»*. mates, ac submited, were passed. . «si *j& Mr Studhobne moved that the date of tie ' Board's meetings be altered from the eeoond -Jt Tuesday t« the first Thursday in tbt month. ■ '' i>^ Mr McMiEan eeconded the motion, t«. - ',« it was agreed, on 3lr Buckley's eagge«tio?r l <. fy to defer further consideration of the matW __ • s? till next meeting. « t* ,^ ! ' J>-;