E.—s

2

A very gratifying proof of the growing importance of the University was afforded during the year by the receipt from Her Majesty's Commissioners for the Exhibition of 1851 of the offer of a scholarship of £150, tenable for two years, for original research in science, principally in its application to the industries of the colony. The Senate, in accepting this offer, has confined the competition for the scholarship to graduates with honours, or who are candidates for honours, in subjects of technical science, and has directed that the competition shall take place by October, 1891. At the annual session the Senate resolved to again record its earnest conviction that, in the interests of higher education in the colony, the establishment of a University College at Wellington is urgently needed ; and, further, that it is necessary that such College should be fully equipped, for the prosecution of University work on at least the same scale as has been provided by Parliament for the University College at Auckland. James Hectob, Chancellor.

ACCOUNTS AND BALANCE-SHEETS, YEAE ENDING 31st DECEMBEE, 1890. [Summarised from fuller details in the original.] A.—CLASSIFIED RECEIPTS. I.—Genebal Account. £ s. d. £ s. a Statutory grant (half-share) .. .. 1,500 0 0 Brought forward .. ..1,993 12 5 Interest .. .. .. .. 105 0 0 Fees— continued. Miscellaneous .. .. .. .. 47 10 5 5. Junior scholarship matriculation .. 21 0 0 Fees— 6. Examinations— 1. Degrees .. .. .. 315 0 0 (a.) May, 1890 .. .. .. 5 5 0 2. Ad eundem .. .. ■ ... 10 10 0 , (6.) November, 1890 .. .. 310 16 0 3. Certificate .. .. .. 3 0 0 (c.) December, 1890 .. .. 904 1 0 4. Medical registration .. .. 12 12 0 £3,234 14 5 Carried forward .. .. 1,993 12 5 -L^-^n ll.—Oedinaky Scholabship Account. £ s. d. Statutory grant (half-share) .. .. .. .. .. .. .. 1,500 0 0 Interest .. .. .. .. •. .. .. .. 397 0 0 £1,897 0 0 111. —Loan Account (Tinline Scholarship). £ s. d. Interest .. .. .. •• •• •• •• .. ... 60 0 0 IV. —Bowen Pbizb Account. £ s. d. Interest .. .. .. .. .. .. .. .. .. 580 B.— CLASSIFIED EXPENDITURE. I.— General Account. 1. Senate sessions— £ s. d. £ s. d. Expenses of Fellows .. ... .. 205 810 Brought forward.. .. 1,968 19 11 Expenses of sessions .. .. .. 88 14 11 4. Examinations — continued. 2. Office and salaries— (b) December, 1889— Registrar .. .. .. .. 500 0 0 Supervision— £ s. d. Messenger .. .. .. .. 14 0 0 Fees .. 172 10 0 3. Miscellaneous— Expenses .. 106 10 1 Presentation of diplomas .. .. 25 16 0 Examiners' fees 330 1 0 Printing— & s. d. Committee expenses 23 17 2 Calendar .. 71 10 0 Printing .. 45 13 6 Minutes 55 10 0 Advertising .. ■ 13 16 0 Diplomas .. 17 11 0 Stationery .. 35 2 6 General .. 21 1 0 Miscellaneous .. 13 5 2 165 12 0 740 15 6 Stationery 15 7 0 (c) May, 1890— Miscellaneous .. .. .. 67 13 2 Special medical .. .. .. 30 0 0 4. Examinations— (d) November, 1890— (a) November, 1889— Examiners' fees.. 53 8 6 Supervision— Printing .. 63 3 0 Pees .. .. .. .. 71 0 0 Cable messages .. 13 1 0 Expenses .. .. .. 51 14 7 Miscellaneous .. 12 8 0 Examiners' fees .. .. .. 624 8 3 142 0 6 English agent— («•) December, 1890— Fee .. .. .. ... 75 0 0 Printing .. 43 13 6 Expenses .. .. .. 56 9 6 Advertising .. 94 12 9 Printing .. .. .. - •• 300 Stationery .. 413 6 Stationery .. .. ~ ~ 3 2 6 : 142 19 9 Miscellaneous .. .. ■. 113 2 5. Convocation, subsidy .. .. .. 20 0 0 Carried forward .. ..£1,968 19 11 £3,044 15 8