THE UNIVERSITY COUNCIL.

Evening Star, Issue 4951, 15 January 1879, Page 4

THE UNIVERSITY COUNCIL.

At tjie adjourned I 'meeting;of this, body ! yesterday afternoon there were present—The 'jße'v.;l)ij Stuart, vice-chancellor (in tne chair), H. JReynolds,, Judge Bathgate, jE. B; ) Cargill' anti Dr Burns. \ \\.^'.',^:.„ t " '<','.,' : ' l' ; ''., .'•■... « -The Rev". Dr"'Stuart and Professor Shand iwerere-elected.as the Council's fepresenta•tives the 'High .Board of •Govbrhors. -j t . ", v -•- It'was .decided.that, in the monthly meeting should take place on the.first ,Tuesfdiy of overy month; and,",until the Univer- 1 :s^ty f ;;Jb4ilding6 are that the meetings should be held in" the Education 'Office/ | "' ! •■' -'■ ■ '■ '■' ■

?!; <.Tbe finance co.mmiltee, reported that, after careful jinqiiiify, it was found that exclusive pfjencing or laying,out the, grounds' L 4.924 ibeyondjthe funds at disposal was required to• completcexieting contracts for the-buildings and processors' houses'; and that as-in the ; g«Bneral| account,for the current year there: will be a deficiency of L 1,260 ,! immediate application should h6 made to the University for authority-to borrow LI 0,000. It was p'6jnj;ed out that .if. no'further; addition. ;ia made in the expenditure,-there were reasonto believe thatr.-with the inCreased.; rent anticipated : from, -the'release of the'Barewood run, together with the rents from the sections'in Albany street, .the reveuue and expenditure will be fairly balanced in the financial year of "1881-2. The'increased rent anibiojpatecb, from the re-leasing of the Benmore- C rups;'(100,000 acres) in. 1882 and 1883 wiltplace/. iunds at the" disposal of ih» Council;^-Afterjdiscussion, it was agreed.to Chancellor t»'write, to ;the Colonial ■-'Secretary'?.'for- power to borrow LIO.OOO, and to the ' Benevolent Institute Committee'asking whether they, would be willing! to lend at. interest the LB,OOO to be received-by theni from the Savings Bank, in , accordance with the Act of last session*—lt was agreed tp make the allowance of LIOO a year requested by-Professor Sale, under the Bpecial|icircurnß'tanceß of 'bis ill health requiring hihrto reside out ofDuhedia.