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2

Resignation of Professor Macgregor. —Professor Macgregor, who held the Chair of Mental and Moral Philosophy in the University for fifteen years, much to the regret of the Council, resigned his professorship on his appointment to a responsible position under the Government. On the vacancy being reported to the Presbyterian Board of Property, steps were immediately taken to fill the Chair. In January last this Board appointed the Bev. W. Sahnond, D.D., to bo the Professor of Mental and Moral Philosophy, the Synod concurring in terms of the Presbyterian Church Lands Act of 1866. Chair of Natural Philosophy. —The Chair of Natural Philosophy, recently established by the Synod of the Presbyterian Church of Otago and Southland, has been filled by the appointment, by the Board of Property with the concurrence of the Synod, of Professor Shand, who has held the Chair of Mathematics and Natural Philosophy from the opening of the University. The Council has made the necessary arrangements for filling the vacant Chair of Mathematics. Tenure of Future Appointments. —The Council, after a good deal of consideration, has resolved that the tenure of all future appointments of professors be for five years, thereafter terminable at six months' notice on either side. The offices of Chancellor and Vice-Chancellor having, during the month of September, become vacant by the effluxion of time, the Bev. D. M. Stuart, D.D., was re-elected Chancellor, and His Honour Mr. Justice Williams was re-elected Vice-Chancellor. Dr. Macdonald having resigned his seat in the Council, the vacancy has been filled by the appointment of Mr. John Boberts, of Dunedin. Abstract of Beceipts and Expenditure for the Year ending 31st March, 1886. Receipts. £ s. d. Expenditure. £ s. d. Balance in bank .. .. .. 1,186 511 Salaries and allowances,— Balance in bank, fixed deposit .. .. 212 0 0 Professors, — Endowments, — Classics .. .. .. .. 600 0 0 Rent of Buns,— House allowance .. .. .. 100 0 0 Burwood and Mararoa .. .. 1,300 0 0 Mathematics and natural philosophy.. 600 0 0 Barewood (half-year only) .. .. 1, 250 0 0 Mental and moral philosophy .. 600 0 0 Benmore .. .. .. .. 3,600 0 0 Chemistry.. .. .. .. 600 0 0 House, Castle Street .. .. 39 11 1 Anatomy .. .. .. .. 600 0 0 Church Trustees .. .. .. 1,200 0 0 Biology .. .. .. .. 500 0 0 Fees,— Mining .. .. .. .. 600 0 0 College .. .. .. .. 135 19 6 English language and literature .. 600 0 0 Class .. .. .. .. 1,031 12 6 Lecturers,— Analysis .. .. .. .. 20 16 0 Law .. .. .. .. 150 0 0 Government contribution for chemicals (two French .. .. .. .. 100 0 0 years) .. .. .. .. 100 0 0 German .. .. .. .. 50 0 0 Government contribution, goldfields .. 50 0 0 Surgery .. .. .. .. 200 0 0 Interest on fixed deposit .. .. 10 12 0 Materia medica .. .. .. 100 0 0 Interest on Forest Hill sales .. .. 31 5 6 Practico of medicine .. .. 200 0 0 Interest on mortgage, less charges .. 3 1 11 Pathology .. .. .. .. 200 0 0 Rent of Museum endowment .. .. 916 13 4 Midwifery (four months only) .. 33 6 8 Assistants, — Mathematics .. .. .. 25 0 0 Physical laboratory.. .. .. 40 ' 0 0 Chemical laboratory .. .. 50 0 0 Officers, — Registrar .. .. .. .. 250 0 0 Janitor .. .. .. .. 70 0 0 Porter, anatomical department .. 125 4 0 Porter, chemical laboratory .. .. 26 0 0 Fees, — Professors and lecturers .. .. 1,004 17 0 Local analyst .. .. .. 13 17 4 Museum maintenance .. .. .. 874 2 11 Athenaeum, proportion of rent of Museum endowment .. .. .. 91 13 4 Apparatus and chemicals .. .. 606 7 1 Repair and construction of apparatus .. 15 0 0 Furniture and fittings .. .. .. 143 2 3 Repairs to buildings .. .. .. 39 12 7 University grounds .. .. .. 017 0 Law costs (two years) .. .. .. 137 8 4 Library .. .. .. ~ 17 8 9 Prizes .. .. .. .. .. 24 15 0 Insurance .. .. .. .. 34 16 0 Printing, advertising,:stationery, and bookbinding .. .. .. .. 101 16 0 Water, fuel, and light .. .. .. 198 8 11 Municipal rates .. .. .. 106 5 0 Rates and taxes, Forest Hill .. .. 24 0 8 Incidental expenses .. .. .. 51 4 11 Class-books .. .. .. .. 48 15 1 Interest on loan .. .. .. 900 0 0 Interest on overdraft .. .. .. 2 0 0 Balanco in bank, current account .. 9 0 11 Balance in bank, fixed deposit .. .. 222 12 0 Total.. .. £11,087 17 9 Total .. .. £11,087 V7~9 D. M. Stuart, Chancellor. I have compared this abstract with the treasurer's books and vouchers, and I certify it to be correct.—H. Livingston, Auditor.*

* Note.—The sum of £371 6s. 3d. receipts from sales of land, has not been invested, nor has the money been retained in hand.—H. L.