2

E.—9

The stock look well, though the feed is scarce. The cattle consist of a herd of Shorthorns and a couple of the following breeds, kept for educational ■ purposes : Jerseys, Ayrshires, Herefords. The sheep include a small flock of pure-bred Border Leicester, English Leicester, Lincoln, Rorrmey Marsh, and Shropshire, besides a small flock of crossbreds. The live-stock stand at present as follows : Sheep and lambs. 1,373 ; cattle, 84 ; horses, 21 ; pigs, 77. The annual valuation of stock took place on Thursday, 21st December, and was conducted by the Executive Committee of the Board, consisting of Messrs. H. Overtoil, W. Boag, H. P. Gray, and J. Rennie. The results compare favourably with those of last year. To the Executive Committee and to the other members of the Board, Hon. W. Rolleston and Hon. E. C. J. Stevens, and Mr. F. de C. Malet, I desire to express my indebtedness for their ready and judicious co-operation in carrying on the work connected with the Agricultural College. I have, &c, The Chairman, Board of Governors, J. Bayne, Director. Canterbury Agricultural College, Lincoln.

FARM ACCOUNT. Statement of Receipts and Bxpenditube for the Year ending 31st December, 1897. Receipts. £ s. d. Expenditure. £ s. <1. To Rent of la,nd .. .. .. .. 15 0 0 By Farm wages (including share of DiSale of grain, &o. — rector's salary) .. .. .. ■ 806 6 7 Wheat ... .. .. .. 267 011 Students' wages .. .. .. 102 15 2 Grass-seed .. .. .. .. 77 12 8 Trade accounts —repairs, sheep-dip, com-Clover-seed.. .. .. .. 95 8 0 j aaoks, &o. .. .. .. .. 236 11 0 Barley .. .. .. .. 29 5 0 Manures .. .. .. .. 26 6 7 Potatoes .. .. .. 104 7 0 Seeds .. .. .. .. 10 8 2 Sacks .. .. .. .. 9 18 10 Fuel (farm) .. .. .. .. 16 13 1 Sale of live-stock— Rates .. .. .. .. 36 14 4 Sheep .. . . .. '.. 557 7 0 Insurance of farm-buildings .. .. 34 5 9 Cattle .. .. .. .. 143 14 6 Implements .. .. .. .. 18 7 6 Horses .. . . .. .. 12 5 0 Repairing gates and fences, material and Pigs .. .. .. 226 510 labour .. .. .. .. 117 18 8 Sale of wool .. .. .. 173 2 0 Lochead's drain .. .. .. 15 0 Sale of dairy-produce .. .. .. 175 16 11 Permanent improvements .. .. 11 12 0 Contingencies (farm) .. .. .. 30 7 9 Live-stock, Purchase of, &c.— Sheep .. .. .. .. 117 14 1 Horses .. .. .. .. 34 19 7 Cattle .. .. .. .. 16 2 8 Balance carried to General Account .. 268 15 9 £1,887 3 8 £1,887 3 8

GENERAL ACCOUNT. Statement of Receipts and Expenditure for the Year ending 31st December, 1897. Receipts. £ s. d. j Expenditure. £ s. d. To Bent of reserves .. .. .. 1,623 4 7. By Salaries of staff .. .. .. 1,367 4 6 Interest on Supreme Court award of Library—Books, periodicals, &c. .. 20 18 3 £6,250 .. .. .. •• 159 4 11! Travelling-expenses of students .. 20 5 0 Receipts from students— Printing and advertising .. .. 17 17 3 Pees .. .. ■■ •■ 1,380 10 0 Laboratories —Apparatus, &o. .. .. 9 8 0 Sale of books .. .. .. 53 10 1 Office requisites—stationery, stamps, and Penalties .. .. .. .. 8 7 10 telegrams .. .. .. .. 79 14 10 Laboratories —Refund for breakages .. 13 18 10 Prizes and certificates .. .. 1 12 6 Loan from Agricultural and Pastoral As- Inspection of reserves .. .. 14 11 3 "sociation .. .. .. .. 500 0 0 Maintenance of students and teaching Balance from Farm Account .. .. 268 15 9 staff .. .. .. .. 1,593 17 6 Balance at 31st December, 1897 • • 428 6 8 Maintenance of buildings and grounds— Insurance of buildings .. .. 42 12 11 Repairs to college buildings, watersupply, new furniture, &c. . . 180 17 0 Labour in grounds and plantations, &c. 157 17 8 Books and instruments for students .. 27 5 0 Contingencies (college), including premiums on guarantee policies .. 82 8 3 Experimental work .. .. .. 36 3 6 Orchard—Labour, &c. .. .. 70 3 0 Workshops— Wages .. .. .. .. 84 11 0 Material and tools .. .. .. 24 7 6 Interest on loan from Agricultural and Pastoral Association .. .. 14 5 9 Extras for visitors .. .. .. 815 0 Telephone Exchange, subscription .. 19 0 0 Lawn-mower .. .. .. 24 0 0 Changing sink and fitting up servants' room .. .. .. .. 16 6 5 Meeting-room for Board, and library, and office of Director .. .. .. 21 11 2 Repayment of loan to Agricultural and Pastoral Association .. .. 500 0 0 £4,435 13 3 £4,435 18 3