UNIVERSITY FINANCES.

Auckland Star, Volume LVIII, Issue 45, 23 February 1927, Page 12

UNIVERSITY FINANCES.

VALUE OF SCHOLARSHIPS.

LARGE REVENUE FROM FEES.

The New Zealand University Council continued its sittings to-day, the Chancellor (Professor J. Macmillan Brown) , presiding.

At yesterday afternoon's sitting the Council received the finance committee's report on the finances of the year. A recommendation was submitted by the committee that the Government should be asked to increase the value of the University National Scholarship from £20 to £25, and tlie boarding allowance from £30 to £35.

Reporting that there had been a large increase of recent years in the amount of revenue obtained in examination fee* the committee stated that the university had been in a position to make transfer* of consider able sums from the general account to the scholarship account. The capital of the scholarship account had thus been largely swelled. The committee proposed that this building up should be continued until the interest from the capital was large enough to meet all scholarship claims.

Referring specially to changes that had been brought about under the new University Act, the committee submitted that the claims of the university should be kept at a minimum in order that the urgent needs of the university colleges might receive greater attention. The committee recommended an increase of £2500 a year in the statutory grant to provide for the payment of a salary and the travelling expenses of a principal and the ordinary expenses of the university.

Dr. W. E. Collins, C.M.G, was ap pointed treasurer of the council.