NEW ZEALAND UNIVERSITY.

Lyttelton Times, Volume LIII, Issue 5953, 25 March 1880, Page 3 (Supplement)

NEW ZEALAND UNIVERSITY.

.i fche annu& l meeting of the Senate of T® "°f Zealand -University, the. following report from: the Finance Committee was brought up aad road:— J, ? ‘l'ha Committee submit the following ostlmate of_ the income end expenditure of the Umyoreity for the eurront yew i GENEEAL ACCOUNT. J ■ - 1 Ikccmb. Bovonummt grant ... ... £o^ Fees and oalo ol Calendar ... 200 I I ■ y." 1 £3200 J , Expenditure, Ematnaliona’ ... -moi/i Scholarships- V * Transfer from general account, leas £520 ■ 1 expenses ot examinations 080 .■ Senate and Office ... ... ... ... 700 1 Printing, advertising, and contingencies (95 i , ' . '£3316

• Balance of oxpondltnra over income ... £lls ! “ Last year there was a balance of income oyer .expenditure on the general account of SJ.OS 18s 3d; and besides this a sum of over £6OO was added to the Accumulated Scholar*. ship 1 Fund, This sudden transition froip/ai, favourable to a less satisfactory position is due mainly to a.notable increase in the post of tlio examinations. While the whole expenses * of the examinations of; 1878 amounted only to £633 18s Id, the whole expenses of the last examination,' held in November and December, 1879, amount to not less than £134010s lOd, inclusive .of an estimated sum of £IOO required to pay telegraph and other charges cbnnebted with the sending of a portion of the papers to. be examined in England. The oast of the, examinations has thus increased in bfio year by a turn of £686 12s 9d. The in-. Crioase is cuatiibuted over the several items os follows':— 1 ■ 1 ' ■

Increase of payments to examiners ... £38115 10 Increase of cost of supervision " ■ ... 913 8 Increase in cost of printing,, advetiis- ; ’ . 1 ing.Ao. ... . ... 113 13 8 Extra charges due to examination in , ; i England... /;;■ v .;. ... 10(5 0 0 . . Total increase ... , ... .... £660 13 9, [“ .This very large increase of expenditure is dije to several causes. The matriculation ex* anpinition>Twhioh the' University 'undertook last year for the first time, was; conducted ■ at on expanse.of a little.more than. £240. / The' examination for the LLB. degree was also a new .examination, and. cost about £9O. : The extra expense of that portion or the examinations foritheß.A. degree and senior, scholarships ,which was conducted in the Colony, due to.the:appointment of:two examiners in each subject, amounted to £l3O, and the estimated extra charges above referred to: as entailed by thb of;examiners, in England, to£loQ/ uThe remainder is • for by the ’circumstance of a larger number ofpapers being required for the B.A. examination, and by the natural jincrease .in the geiieral expenses of the exaxninations. ‘ . * ‘‘The Committee desire to suggest that it' moy bepossible in future - years to diminish’ thb expense of the examinations by reducing the number of ipbpers'prescribed for matriculation, and also, psrhaps.for soma < of the other 'examinations. : The resolution to 'double. the number of supervisors will of’course entail a considerable additional; expenditure. The reqolutinn:'. on : the’ other hand to send the whole of the degree papers to be examined in England will save next year the item of £l3O , sat down above asthe extra on the degree examinations conducted in the Colony.. ■ “On the supposition that none of the cor-, rent scholarshipa, are vacated otherwise ’than by| the effluxion of tim and that only; seven. senior scholarships are awarded this year; the scholarships’ account will-, stand thus :<— . . ■ : "BCEtpEAESHtf S’ ACCOUNT. ■ ?’i;:,'Eeosiptß. ”)'’ - ■ ! Transfer from general account , ... £ISOO 0- 0 ’ Interest pnfixed deposits. 369 10 0 . £1869 10 0 I!’: f i. IIABIUITiSS. Otoeeht Sohoiabships— . , .. ■■•.-,■■ : B'Junior,' at'£4sj'l Benior; at £6O ... 420 0 Q -New Scholaeships—- ■! 10 Junior, at £45; 7 Senior, at £6O 879. 0 0 X medical scholarsUlp... ... . 7,-. : 103. 0 0

i Total atnonntof scholarships... 1390 0 0 Expenses of scholarship examinations 520 0-' 0 Total liabilities ... ...i6191Q,,Q 0 ■ Excess of liabilities over receipts ... £4oloa. .. “ In the report of the Finance Committee: for. last year (minutes p, 43), it, irasehown .that, if the expenses of the Scholarship, Bxamina" turns were covered fey mtegarts.onf thft.accumulated capital, the., scholarship; fund : ■would barely allow of 10 junior and six; senior, scholarships being awarded Since then,,the medical scholarship; of £IOO a year has beep instituted,-and the; examination expenses hayp. increased.-. Judging, : moreover, ■from the returns of the Examiners whoso reports have already been received, as well as. •by; the character of - thoexaminatiops, it'iisfp; be; feared, that- more than the usual number■ of j senior scholarships will be awarded • .tins Senate adopted ; the report and agreed to the following recommendations :-r-' «1. That tie -Chancellor nhe requested , jbo obtajn-the,opinion of, the;. Attorney-General as to wliediej* tho accumulated balauco standing at the credit of, the j Fund, ; and ; now amounting to, £6406 2s can. be lent on mort*. gage. " If this can.legally; )?e dpne iV is r the; Thctro desirable on account of the probability, that the ratelof ; interest ~pow ‘ received, fromthO Panic, 6h per ; centj .wUljtie, reduced at the expiry.of the present, term*; • , ijc, - v.i * ‘‘ 2. That the expenses. of the examination, ■be! resuped bydiminishing, as. hoa already beensuggested,. the number of papers let, as wejl as by-any practicable meaps., i; , ’ VB. That some mode be devised of limiting the Senior .Sciolarships that may be awarded, yearly toa.atated number. say not more than fivL. ~ Until : thip is done i,t_.will be impossible . to calculate beforehand, with any,approach to : certainty, the liabilities of the Fund. > - ! “ Th,e Committee regret they cannot;re-cqmv mendv uudcr present eircumstfnpcs, that more then eight Junior Scholarships be offeyed at ‘the next examination. , ;.-f r ■ si: ■■ : V 4. That the Chancellor bo requested to.introduce -as far as practicable a .system pf; public, lender; fpp, printing in connection the Museum, and University. . -v “ : *5. QChati the Senate-rdo npt offer another, medical scholarship for till the scholarship fund is in a better condition.;;.,. f - V 6. That-.the resolution. to - employ two supervisors to superintend the examinations be inot brought into operation this year, i ; ‘‘7. That a Committee , consisting of the Chancellor, the Eev ,J. C- Andrew, the Bey D, ißrmsej iDr Heptor, i Professor Brown, apd Professor Shahd, he appointed to considerand Teppet- pa ; so,me imeans of carrying• -out; the thifd recommendation of ; the. Finance ■ Committee.” i ■■!;■■-. !j.;: ; ■ I