OTAGO UNIVERSITY

New Zealand Mail, 27 August 1902, Page 48 (Supplement)

OTAGO UNIVERSITY

DUNEDIN, August 22. A meeting of leading citizens, convened by the Chancellor, was hem today to consider the financial position of the Otago University and to. take steps to place the finance on a sound basis. A circular issued showed that tho falling off in rents from endowments was £2270 yearly. To carry out the work on which the university is now engaged an auciitional income of £SOO was required. More than this, however, was needed to establish a Chair of Physiology, and place it on a sound basis £ISOO was required.

Mr Justice Williams, chancellor, who pi-esidod, explained the position, referring to the liberality of tho press the public and the Government. ’ On the motion of the Rev A. Cameron, seconded by Mr G. Fenwick, it was resolved that the university endowment fund be raised, and that an appeal be ma-de to the people for that purpose.

On the motion of Kir G. Bell, a strong committee, representing the mercantile, legal, medical and clerical interests and graduates and past students, was appointed to give effect to the first resolution.

Bishop Nevill. Acting-Primate, who was among tho speakers, announced that the Acting-Premier had given notice of a Bill to authorise the Savings Bank Trustees to pay over to the university HGSOO out of it's surplus promts. The statement was received with great applause.