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ment with regard to controlling pure strains of wheat after they had passed from College control. A scheme has been evolved whereby the Department takes charge of this part of the work, inspects and distributes the seed. The addition to the residential part of the College was completed early in the year. The Board again considered the building and equipping of a new chemical laboratory, which is very much required. They were compelled to abandon their idea owing to lack of funds, but they feel this is an improvement which must be effected as soon as possible, and they hope to induce the educational authorities to help in the matter. The College and farm buildings have been kept in good repair, and the average proportion of income has been spent in renovating and repairing the buildings. The farm has been maintained in its former high state of fertility, the return from stock and crops being the best evidence of this fact. Stock on the farm have also maintained their high standard. Exhibits from the flocks and studs forwarded to three of the leading shows in Canterbury gained a large portion of the prizes. Some three years ago the Board availed themselves of the opportunity of buying a small farm which lay between portions of the College farm, and decided to sell the smaller of the two light farms acquired tome years ago, and which are eight miles away from the College. We found that the larger farm was quite big enough for the purpose for which the two were bought—viz., to act as winter country for sheep. We succeeded in selling the smaller farm at an advance on the purchase price. The Hon. Minister of Education, Wellington. R. E. Alexander, Director.

ACCOUNTS AND BALANCE-SHEET OF LINCOLN AGRICULTURAL COLLEGE. Statement op Receipts and Expenditure for the Year ended 31st December, 1920. Receipts. £ s. d. Expenditure. £ s. d. Balance, Ist January .. .. 915 12 1 Students' books .. .. .. 57 1 5 Students'books .. .. .. 63 18 11 Buildings .. .. .... .. 57114 3 College contingencies .. .. .. 723 0 0 College contingencies—lnterest, &c. .. 1,794 311 Students' fees (including £297 10s. paid in Churches and sports .. .. .. 30 0 0 advance) .. .. .. .. 2,036 3 8 College insurance .. .. .. 95 17 8 College insurance (rebates) .. .. 13 011 Laboratory .. .. .. .. 265 15 7 Interest on deposit .. .. .. 34 2 6 Library .. .. .. .. 62 19 2 Interest on investments .. .. 897 10 0 Orchard and grounds .. .. 219 18 8 Laboratory—Veterinary fees .. .. 17 9 0 Permanent improvements .. .. 1,617 010 Library .. . . .. .. 018 9 Printing and advertising .. .. 26 1 0 Permanent improvements (refund) .. 225 0 0 Prizes and certificates .. .. 39 18 0 Prizes and certificates .. .. 23 4 6 Rates .. .. .. .. 205 2 3 Rates (refund) .. .. .. 014 6 Scholarship.. .. .. .. 20 0 0 Rents .. .. .. .. 2,850 7 10 Staff salaries .. .. .. 2,209 10 10 Students'maintenance (refunds) .. 117 6 0 Students'maintenance .. .. 3,776 19 11 Stationery and exchange .. .. 29 3 8 Stationery, telephone, exchanges, &c. .. 166 6 1 Farm contingencies .. .. .. 66 5 3 Students' travelling-expenses .. .. 43 14 8 Dairy-produce and wool .. .. 1,099 16 2 Board travelling-expenses .. .. 38 15 0 Grain .. .. .. .. 2,813 13 0 Farm contingencies .. .. .. 368 610 Live-stock .. .. .. .. 6,538 11 1 Farm fuel .. .. .. .. 37 3 9 Seeds .. .. .. .. 167 7 4 Farm insurance .. .. .. 29 17 8 Saddlery fees .. .. .. 810 0 Implements .. .. .. .. 105 2 2 Farm trades (sacks, dipping, &c.) .. 263 111 Live-stock .. .. .. .. 2,833 3 0 Farm wages (refund) .. .. .. 210 0 Manures .. .. .. .. 672 9 4 Seeds .. .. .. .. 213 9 6 Saddlery .. .. .. .. 157 14 4 Farm trades (sacks, fodder, &c.) .. 767 18 9 Farm wages .. .. .. 1,945 17 6 Workshops .. .. .. .. 247 6 0 Balance .. .. .. .. 287 19 0 £18,907 7 1 £18,907 7 1 Investment Account. £ s. d. I £ s. d. Balance, Ist January, 1920 .. .. 14,041 5 7 ' Mortgages .. .. .. .. 17,000 0 0 Amount transferred —Proceeds of sale of i War stock .. .. .. .. 1,000 0 0 property .. .. .. 4,134 18 0 Balance .. .. .. .. 176 3 7 £18,176 3 7 j £18,176 3 7 Statement of Balances. £ s. d. I £ s. d. £ s. d. Investment Account, Cr. .. .. 176 3 7 ! Post Office Savings-bank, Cr. 1,034 2 6 General Account, Cr. .. .. .. 287 19 0 Cash in hand .. .. 5 13 8 1,039 16 2 Bank of New South Wales, Dr. 432 6 5 Add outstanding cheques .. 143 7 2 575 13 7 £464 2 7 £464 2 7 R. E. Alexander, Director. The Audit Office, having examined the balance-sheet and accompanying accounts required by law to be audited, hereby certifies the same to be correct. —R. J. Collins, Controller and AuditorGeneral.

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