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best candidates is fully up to the average of that of an English public school, but some of the inferior papers were so bad as to have made it impossible to assign any marks at all for intrinsic merit. In Mathematics, many of the candidates appear to have shown considerable ability and careful training. In Physical Science, it appears that this examination showed a much more advanced state of instruction in the rudiments than might have been anticipated from the absence of any regular course of study in this branch in the schools generally. The papers on Natural Philosophy and Chemistry were particularly well answered, some of the candidates showing a practical acquaintance with tbe latter subject. The papers in Zoology, Botany, and Geology were not so well answered, showing the knowledge of these subjects was derived chiefly from books. Modern Languages —Ist. Trench. In this subject there were comparatively few good papers, but among those candidates who stood highest on the list the answers were very creditable. 2nd. German. Tor the most part the papers were very unsatisfactory. Of the whole thirty-eight candidates, only two were able to translate with ease and correctness, showing that they had really made a study of the language, and acquired a knowledge of its structure and laws. Of the remaining thirty-six, only eight gave evidence of having received a few elementary lessons ; but none of these attempted to translate, and the few questions in grammar which they tried to answer were for the most part answered incorrectly. The remainder did not even attempt the subject. In history, some of the papers, indeed it appears the larger portion of them, were very satisfactory, and, considering that no special test-books were given, showed a very fair knowledge of the subject. Some of the papers were excellent; in others, however, some very gross mistakes occurred. In English Literature a great number of the essays were very good, and upon the whole the result was satisfactory in this subject. It will be seen from the list published in the Government Gazette, under date 3rd August, 1872, that thirty-eight candidates presented themselves for examination from the following places, viz :— Auckland 1 ... St. John's College. Bay of Islands 1 ... Private tuition. Nelson 10 ... Nelson College. Wellington 2 ... 1 private tuition, 1 Wellington College. Christchurch 10 ... 1 private tuition, 9 Christchurch College Grammar School. Dunedin 12 ... 2 University of Otago, 10 Dunedin High School. Tokomairiro 1) -n n , ~. Popotunoa lj - Presumably private tuition. 38 Of these, only one was recommended fora scholarship of the value of £70, for peculiar excellence in Class IV. of subjects —Modern Languages, History, English Literature. The candidate who gained this distinction was also first in all the other subjects. The sixteen scholarships of £45 each were awarded to the sixteen candidates who stood highest on the list, and were recommended as deserving of these scholarships by the Examiners. It will be seen by a reference to a notice published in the Government Gazette, of 4th September, 1872, that notice has been given of the particular subjects, and in some cases of the text books, in which the candidates for this year's scholarships are to be examined. A copy of this notice has appeared in several of the newspapers of the Colony. Several ad eundem degrees have been conferred. Copies of the minutes of the Council, and the accounts, are hereto appended. Henby John Tanceed, 21st April, 1873. Chancellor. The Uniyeesitt of New Zealand.—Statement of Eeceipts and Expendituee. Receipts. £ s. d. £ s. d. Prom the General Government:— Grant in aid under " New Zealand University Act, 1870" ... 3,000 0 0 Pees for Matriculated Students ... ... ... ... 4 4 0 Bank balance on 31st March, 1872 ... ... ... 2,483 11 9 Less unpresented cheque ... ... ... ... 276 2,481 4 3 £5,485 8 3 Expenditure. To payments, per Statement attached ... ... ... ... 1,2G8 4 0 Bank balance, 31st March, 1873... ... ... ... 4,289 14 3 Less unpresented cheques ... ... ... ... 72 10 0 4,217 4 3 £5485 8 3 Umiveesity of New Zealand. —List of Matriculated Students. July, 1872. George Whitcombe, University of Otago, scholar, free. „ „ Henry Cotterill, Canterbury Collegiate Union, scholar, free. „ „ Eichard Wilding, University of Otago, scholar, free.

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