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tion's November show: One championship; one reserve champion; five first prizes; nine second prizes; seven third prizes; ten " very highly commended " and " highly commended " tickets. Arrangements have been made with the New Zealand University whereby matriculated students attending this College and taking a further year at one of the Colleges affiliated with the University, and passing the prescribed examinations, are granted a degree of B.Sc. in Agriculture. I am glad to say that there are two students at present taking the course. The division of the agricultural and pastoral societies' electoral roll into wards (suggested by the Board of Governors of this College last year) has been adopted by Parliament and embodied in a short Act. The first election under the new Act took place last year. His Excellency the Governor, Lord Islington, favoured us with a visit last October, and, after inspecting the College, farm buildings, and the students at work, gave a short address to the students, in which lie expressed himself as very highly pleased with everything he had seen. The farm with its crops and stock was inspected by a large gathering of Canterbury farmers, invited to the College, in the middle of December, and the opinion was generally expressed that the College was fulfilling its object, in that it was teaching the students the principles of scientific agriculture, and showing how these could be applied to a farm run on a commercial basis. I have, &c, The Hon. the Minister of Education, Wellington. R. E. Alexander, Director.

ACCOUNTS AND BALANCE-SHEET. Statement of Receipts and Expenditure for the Year ending 31st December, 1910. General Account. Receipts. £ a. d. I Expenditure. £ a. d. Balance, 31st December, 1909 .. .. 13 6 1 j Salaries of staff .. .. .. 1,770 5 5 Interest on capital .. .. .. 780 00 j Maintenance of students and staff .. 2,145 1 7 Rent of reserves .. .. .. 2,750 510 Farm wages (including £250, part of Sales of farm-produce — Direotor's salary) .. .. .. 1,432 410 Wool .. .. .. .. 924 1 3 Purohases of live-stock— Dairy .. .. .. 102 4 8 Sheep .. .. 1,553 12 1 Wheat .. .. .. .. 756 17 1 Horses .. .. 196 2 0 Peas .. .. .. .. 112 15 6 Cattle .. 43 1 0 Oats, &o. .. .. .. 267 2 2 Pigs .. 9 11 3 Sales of live-stock— Trade accounts (including sack*, dip, Sheep .. .. .. .. 2,575 17 7 binder-twine, oil, tools, &c.I .. .. 428 811 Horses (refund of railagel .. .. 014 6 | Manures .. 212 9 1 Cattle .. .. .. .. 113 18 0 , Seeds 205 3 1 Pigs .. .. .. .. 151 11 11 J Implements—Purchases and repairs .. 194 18 i Students'fees .. .. .. .. 1,702 4 5 j Laboratories — Chemicals, drugs, instruMaintenance of students and staff (includ- ments, &c. .. .. .. .. 35 14 It ing refunds for board of farm employees) 103 14 8 Contingencies (College) — Expenses of Trade accounts —Sales of sacks, eggs, &c. 56 19 2 I Director and Staff, Ac. .. .. 95 4 3 Implements—Sale of separator, &c. .. 5 4 0; Orohard and grounds—Wages, planting, &c. 222 2 4 Farm wages—Refunds .. .. .. 16 8 Buildings—Repairs .. .. .. 164 14 11 Laboratories—Refunds of veterinary fees . 52 17 8 Rates—Local and water rates .. .. 137 5 9 Contingencies (farm) —Show prize-money.. 18 10 0 Insurance (College) — Buildings, and acStationery, exchange, telephone charges,&c. 4 8 0 countant's guarantee .. .. .. 26 7 7 Saddlery—Sale of kits .. .. .. 4 18 0 Insurance (farm) — Buildings, maohinery, Students' books —Bales .. .. .. 20 4 8 &c, and employers'liability .. .. 42 9 8 Staff salaries — Credit by unpresented Contingencies (farm) —Expenses at shows, cheques .. .. .. .. 468; farmers'lunoheon, &c. .. .. 130 611 Buildings—Discount refund .. .. 0 9 0. Farm fuel—Coal for engine .. .. 33 13 6 Contingencies (College)— Refund .. 0 16 6 Permanent improvements — Labour and Permanent improvements—Refund .. 011 6 material at sheds, painting, &o. .. 345 17 11 Prizes and certificates—Donations .. 12 10 0 Stationery, stamps, telegrams, rent, mail-Travelling-expenses of Board —Refunds .. 119 6 bag, and telephone, &c. .. .. 78 17 11 Library—Books and periodicals .. .. 27 15 9 Students' books —Purchases of books, &c. 27 2 6 Workshops—Wages and material .. 114 8 7 Students' travelling-expenses .. 48 6 8 Travelling-expenses of Board of Governors 43 2 6 Printing and advertising .. .. 22 6 3 Contributions to ohurches and sports .. 15 0 0 Prizes and certificates .. .. .. 27 17 6 Saddlery—Wages and material .. .. 73 13 0 Scholarships .. .. .. .. 60 0 0 Fa:rm-produce (railage)— Wool .. .. .. .. 2 12 1 Wheat .. .. .. .. 22 13 8 Peas .. .. .. .. 0 3 7 Oats, &c. .. .. .. .. 10 4 Credit balance, 31sc Decemoer, 1910 .. 549 19 4 i £10,539 15 0 ! £10,539 15 0 Capital Accocnt. £ a. d. , £ a. d. Balance, Ist January, 1910 .. 13,700 7 5 J Purchase Cemetery Blook, Ashley Dene .. 100 0 0 Expenses re purchase Cemetery Block .. 414 8 Balanoe, 31st Deoember, 1910 .. .. 13,595 12 9 £13,700 7 5 £13,700 7 5