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Owing to the increase in the collections of the museum of the Medical School, two additional rooms have been allotted to the Medical Department. Mr. A. C. Purdie, the Lecturer on Geology, resigned his appointment on receiving the Directorship of the Kyneton School of Mines; and the work was undertaken by Mr. D. Wilkinson, the Lecturer on Assaying. It is with great pleasure that the Council report that they have been able to offer, for the first time, the Women's Scholarship, accruing from the investment of a sum of money collected by the late Mr. Sperrey, Mrs. Burn, and Miss Dalrymple, from the ladies of Otago. The scholarship is of the value of £20 a year, and is held by Miss J. M. Poison. The Eichardson Scholarship was awarded to J. B. Howes. The Council have had careful valuations made of the apparatus, chemicals, fittings, and the property generally of the University; and, finding that the estimated value of the insurable property (£57,000) was far beyond the amount covered by insurance, they made arrangements with the insurance offices to largely increase the amount insured for. The valuation of £57,000 does not include the value of the specimens in the Museum. During the year, Professor T. J. Parker, F.E.S., Curator of the Museum, paid a visit to England, and devoted much time and labour to the interests of the University. The Council having voted the sum of £150 for specimens for the Museum and Biological Laboratory, many useful and instructive specimens have been secured, and exchanges made with several of the leading Museums. Professor Parker, just before leaving, received the degree of Doctor of Science from the University of London. The Museum Eeserve Endowment lease having expired, it was offered at auction in two lots with a view to obtaining a higher rental than that hitherto paid, £766 13s. 4d. The result, however, was that the gross rental now obtained is only £616 9s. 2d. By the Act, the Dunedin Athenaeum receives one-tenth of all the revenue if the amount is over £700 ; under the new lease the Athenasum will receive nothing for the next ten years from this run. It will be difficult to properly support the Museum with the present revenue. The Council appointed Mr. W. Cutten to the lectureship on applied mechanics in the School of Mines, Mr. J. Thomson having resigned. Messrs. W. A. Stout, A. E. Barclay, A. -Dallas, H. B. Williams, and M. Begg were reappointed for a term of three years to the lectureships previously held by them. The Council propose to open the session of 1893 by celebrating the completion of the twentyfirst year of University work. A general gathering of the friends of the University, its graduates and students, will be held. The following statistics will be introduced into the speech on the past work of the University, and are here inserted for your information : In the opening session of 1871 there was an attendance of 81 students, and the whole number of classes taken was only 121. In 1872, the number attending was 70 ; in 1873 it fell to 50, its lowest point. Taking periods of five years' after that time, for 1877 the whole attendance was 76, the number of classes taken was 114, and the number of matriculated students was 19, or 25 per cent, of the whole. In 1882 the attendance was 122, the number of classes taken was 223, and the matriculated students were 43, or 35 per cent, of the whole. In 1887 the attendance was 168, the classes taken were 455, and the matriculated students numbered 99, or 59 per cent. In 1892 the attendance was 213, the classes taken were 568, and the matriculated students were 176, or 82 per cent. The first year in which it was possible to obtain a degree was 1873. In the first quinquennium, ending 1877, only 5 degrees were obtained, and 1 student took honours ; in the period ending 1882, 19 degrees were obtained, and 3 students took honours; in the period ending 1887, 56 degrees were obtained, 12 students taking honours ; in the last period, ending in 1892, and including therefore the last examinations, 143 degrees were obtained, and 44 students took honours. Of the whole number of 223 degrees that have been obtained, 189 are in arts and science, 9 in law, and 25 in medicine. Since the opening of the Medical School in 1875, 83 students have gone Home to complete their studies ; 18 of them before it was announced, in 1883, that the medical curriculum would be completed, and degrees in medicine conferred by the New Zealand University, and 65 since that date. The whole number of medical degrees up to the present time is made up as follows :21 have taken the degree of M.8., and 4 of these have subsequently proceeded to the degree of M.D. The School of Mines, of which a separate report is appended, has had an average of about twenty students in attendance since the time when the staff was made more complete, and a diploma course instituted. Fourteen of the students have finished their courses and obtained diplomas, the most of them in several divisions of the school. There is one point which the Council would specially note, that all classes have been open to women from the outset. Since 1872 women have been in regular attendance, and their numbers have increased from year to year. Last session 35 women were enrolled, 2 in the Faculty of Medicine, and the rest in the Faculty of Arts. Since the commencement 2 women have obtained the degree of B.A. ; 10 have obtained the degree of M.A.; and 9 have taken honours. The Council believe that this was the first University in the British dominions to throw open its doors to women as widely as to men. D. M. Stuart, D.D., Chancellor.