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The Council must again refer to the need of a Professor of Biology. Students have to go elsewhere in order to complete their course for a science degree. The drain upon the funds of the College for the Queen's Scholarships precludes the Council from making this necessary appointment, and the Council urge upon the Government that this burden should be removed from them, a burden which no other University College in the colony has to bear. Auckland College, which has a statutory annual grant of the same amount as this College (£4,000), has no scholarships to pay out of it, and, in addition to the grant, has some reserves which produce revenue. The Victoria College possesses a reserve, but it is of such a nature that it cannot be let, even though offered at 6d. an acre. I enclose a copy of the statement of accounts for the year ended the 31st March last. I have, &c, Chas. P. Powles, Eegistrar. The Hon. the Minister of Education, Wellington.

Statement of Eeceipts and Expenditure for the Year ended 31st March, 1902. Receipts. £ a. d. I Expenditure. £ 8. d. Balance brought forward .. .. 7,143 16 5 Salaries .. .. ..£3,33117 4 Statutory grant .. .. £4,175 16 6 Office salaries and expenses.. 145 3 4 Pees .. .. .. 570 0 1 Printing, advertising, and Examination fees .. .. 116 0 6 stationery .. .. 88 3 2 Sale of calendars .. .. 6 18 3 Caretaker, cleaning, lightInterest .. .. .. 175 0 0 ing, &o. .. .. 132 8 0 Laboratory fund .. 30 0 0 Kent .. .. .. 50 0 0 Sir George Grey Scholarship Insurance .. .. 4 12 6 money .. .. .. 50 0 0 College examination expenses 45 18 5 — ■ 5,123 15 4 Library books .. .. 108 17 1 Laboratory fittings, apparatus, &c. .. .. 247 4 3 Freights, carting, &o. .. 21 15 7 Furniture .. .. 8 15 0 Travelling-expenses (members of Council) .. .. 33 0 0 Queen's Scholarships .. 440 0 0 Queen's Scholarships examination expenses .. 117 18 2 Sir George Grey Scholarships 50 0 0 Site expenses .. .. 2 12 6 4,828 5 4 Balance 31st March, 1902— On fixed deposit .. .. 7,000 0 0 In hand .. .. 3 3 0 In Bank of New Zealand 436 3 5 7,439 6 5 £12,267 11 9 £12,267 11 9 Wellington, 10th April, 1902. J. E. Blaie, Treasurer. Examined and found correct. — J. K. Wabbueton, Controller and Auditor-General. Approximate Oost of Paper .—Preparation not given; printing (1,555 copies), £1 6e.

By Authority : John Maokay, Government Printer, Wellington.—l9o2. Price 3d.]