3

E.—ll

GENERAL ACCOUNT. Receipts. & a. d. Expenditure. £ s. d. To Rent of reserves .. .. .. 1,583 59 By Balance, Ist January, 1899 .. .. 362 7 0 Interest on Supreme Court award .. 290 0 0 Salaries of staff .. .. .. 1,421 12 5 Interest on capital .. .. .. 900 0 0 Library .. .. .. .. 25 9 8 Reoeipts from students— Students' travelling-expenses .. 38 0 0 Fees .. .. .. .. 1,135 15 0 Printing and advertising .. .. 132 4 8 Sale of books and instruments .. 49 8 3 Laboratories—Reagents, apparatus, &c. 23 13 10 Penalties .. .. .. 618 6 Stationery, stamps, and telegrams .. 58 2 6 Maintenance of students and staff— Law-costs .. .. .. .. 31 14 11 Board of Direotor, refund for Prizes and certificates .. .. 214 0 breakages, &c. .. .. .. 82 10 8 Maintenance of students and staff .. 1,359 011 Buildings—Refund for breakages .. 9 3 0 Contribution to churches .. .. 20 0 0 Stationery, stamps, and telegrams— Insurance of buildings, &c. .. .. 40 6 6 Refund for cable to England .. 2 6 6 Repairs to buildings and water-supply 167 15 11 Laboratories —Refund for breakages .. 12 2 9 Labour in grounds and plantations .. 78 10 2 Workshops material—Sale of boxes for Books and instruments for students .. 39 6 1 pigs .. .. .. .. 012 6 College contingencies .. .. 67 17 2 Balanoe from Farm Account .. 147 19 11 Experimental work .. .. .. 28 14 7 Balanoe at 31st Dacember, 1899 .. 153 17 1 Orchard .. .. .. .. 45 13 6 Workshops— Wages .. .. .. .. 43 15 11 Material and tools .. .. 34 13 11 Telephone connection .. .. 22 5 4 Veterinary laboratory .. .. 37 310 Examination expenses .. .. 112 14 0 Scholarships (four at £20 each) .. 80 0 0 Travelling - expenses of members of Board .. .. .. .. 89 210 Interest on loan .. .. .. 11 0 3 &M 73 19 11 £4,373 19 11

CAPITAL ACCOUNT. Receipts. £ s. d. Expenditure. £ a. d. To Balanoe, Ist January, 1899 .. ..21,573 711 By Share of indemnity to Mr. G. H. Saxton 539 10 5 Payment of part of Supreme Court Imprest for purohase of threshing plant 750 0 0 award .. .. .. .. 500 0 0 Cost of bank draft for threshing plant.. 6 7 6 Prooeeds from sale of old combine .. 42 0 0 Imprest for purchase of seal .. .. 50 0 0 Cost of bank draft for seal .. .. 017 8 Balance .. .. .. .. 20,768 12 4 £22,115 7 11 £22,115 7 11

MORTGAGE OF FREEHOLD ACCOUNT. Receipts. £ s. d. 1899. Expenditure. £ s. d. To Balance .. .. .. .. 20,000 0 oBy Loan on seourity of 6,001 acres .. 20,000 0 0 By Balance, Ist Jan., 1900 .. £20,000 0 0

LOAN ACCOUNT. Receipts. £ s. d. Expenditure. £ a. d. To Loan .. .. .. .. 750 0 0 By Repayment of loan .. .. .. 750 0 0

STATEMENT OF BALANCES. Accounts. £ s. d. Bank and Investment. £ s. d. Cr. Capital Account .. .. .. 20,768 12 4 Cr. Drawing Account .. £750 4 6 Dr. General Acoount .. .. .. 153 17 1 Less outstanding cheques 135 9 3 614 15 3 Mortgage on freehold .. .. .. 20,000 0 0 £20,614 15 3 £20,614 15 3 J. Bayne, Director. Examined and found correct, except as to the sum of £11 os. 3d. paid for interest on a loan of £750 which the Board was not authorised by law to borrow.—J. K. Wabbueton, Controller and Auditor-General.

EXAMINERS' REPORTS. The reports of the outside examiners who examined the students of the Canterbury Agricultural College at Lincoln in December last were submitted to the Board on the 30th January, and are summarised as follows :—■ Mr. H. A. Knight, examiner in agriculture, reported that the first-year students could not be considered, on the whole, as a satisfactory class, although there were six students that had obtained a good average. A higher standard had been reached by the second-year students, and a better general average obtained, some of the papers being very good indeed, and none of them really bad.