E.—7

24

Balance-sheet on 31st December, 1920. Liabilities. £ s. d. Assets. ' £ s. d. Capital Account — Debentures .. .. ' .. .. 51,203 19 0 Sales of property .. .. .. 3,801 14 9 Companies'shares— Dunedih Savings-bank .. .. 6,500 0 0 Union Steamship Company (preference) 1.200 0 0 Glendining gift .'. .. .. 16,000 0 0 Maeky, Logan, Caldwell (preference) .. 924 0 0 Wolff-Harris endowment .. .. 2,100 0 0 D.T.C. (Limited), (preference) .. 376 0 0 Benmore exchange .. .. . . 255 0 0 Sundry debtors— Subscribed fund .. .. .. 2,249 0 0 Beverly Trust—Payment due .. 15 16 7 Lothian bequest .. .. .. 600 0 0 Fees due for bacteriological reports .. 177 8 6 M.oritzson Fund .. . . . . 222 3 0 Fees due for pathological reports .. 83 6 6 Donald Roid bequest 5,000 0 0 Students'fees due .. .. .. 241 10 0 Ethnology gift .. .. .. 2,500 0 0 Government grants due .. .. 3,289 4 1 Sir John Roberts's endowment .. 2,000 0 0 Rents due from — The Dean's Fund .. .. .. 2,000 0 0 Otago reserves .. .. .. 262 4 8 Dr. Barnett's Fund .. .. 2,000 0 0 Southland reserves .. .. 118 17 10 Mrs. Oliver's bequest .. .. 2,006 17 0 Professors'houses .. .. 75 0 0 Government grant .. .. .. 6,500 0 0 Education Board .. .. 0 5 0 Unexpended balances of special accounts — Studholme House -Account — PayProfessor Boys Smith's donation .. 33 I 0 ments due .. .. .. 168 10 6 B.M.A. grant .. .. .. 39 19 11 Arts and General Account—Dr. balance 4,196 9 7 Medical bursary grant .. .. 586 2 0 Dental bursary grant .. .. 8 8 0 Chamber of Commerce grant .. 0 2 11 Chemistry Apparatus Fund .. .. 8 2 11 Bacteriology special grant .. .. 552 6 5 Pathology special grant .. .. 121 4 4 Hocken Library Account .. .. 436 11 0 Hocken Library Books Committee . . 37 4 2 Grant from Dunedin Hospital staff .. 750 0 0 Physiology Research Fund .. .. 101 16 5 Workers' Educational Association Account .. .. .. .. 231 6 9 Sundry income accounts at credit] .. 684 0 3 Sundry creditors .. .. .. 3,843 6 2 Home Science School — Cr. balance .. 1,164 6 3 £62,332 12 3 £62,332 12 3 The University owes £7,000 on account of debenture debt.

P. REPORT OF THE CANTERBURY AGRICULTURAL COLLEGE (LINCOLN), 1920. Board of Governors. Appointed by His Excellency the Governor-General—Dr. Ohas. Chilton. Elected by momherß of the Legislature—H. A. Knight, Esq. (Chairman) ; Hon. D. Bilddo ; and R. W. Lochhead, Esq. Elected by governing bodies of agricultural and pastoral associations—J. Deans, Esq.; T. Blackley, Esq.; and B. E. H. Tripp, Esq. Staff. Director. —R. E. Alexander. Lecturer on Veterinary Science. —A. Taylor, M.A., F.R.C.V.S. Lecturer on Biology. —F. W. Hilgcndorf, M.A., D.Sc. Lecturer on Chemistry.— L. J. Wild, M.A... B.Sc., F.G.S.. Lecturer on Applied Mathematics, dc— F. G. Thomas.

REPORT OF DIRECTOR (ABRIDGED). Sir,' — I have the honour, by direction of the Board of Governors, in pursuance of the Canterbury College and Canterbury Agricultural College Act, 1896, to submit the following report on the work of the institution for the year ending 31st December, 1920: Fifty-five students were enrolled in 1920, the average number in residence being up to the full limit of accommodation. Of the students in residence, eight were holders of bursaries under the Education Department's scheme, two were holders of Kitchener Scholarships, and thirteen of the total were returned soldiers or men who had been in camp. The work of the students, both in class and on the farm, was satisfactory, and competition for the prizes and scholarships offered by the Board was very gratifying. Thirty-one students left at the end of or during the year. Of these, thirteen had been in residence for one year, five for two years, and thirteen for three years. Of the latter, eleven passed all their examinations and satisfied the examiners, and were awarded the diploma of the College. In addition, nine students entered for various subjects set for the Degree of Bachelor of Agriculture under the New Zealand University, and were able to sit for the examination at the College. All succeeded in passing. Two students completed the Bachelor of Agriculture course and gained their degrees. A third completed B.Sc, and was also successful in obtaining his degree. The seed wheat and oat improvement scheme is still being carried on, the co-operation and assistance of the Agricultural Department being continued. A new nursery has been netted in, being about one-ninth of an acre in area. This will, not only, be useful in the wheat and oat scheme, but will assist the Biologist in his educational work. Representations were made to the Agricultural Depart-