E.—7

6

Balance-sheet of the University of Otago for the Year ending 31st March, 1905.

Rccslvts £ s d. £ s. d. Balance, 31st March, 1904 .. .. 3,088 12 11 Rents— Burwood and Mararoa 866 13 4 Barewood .. .. 900 0 0 Benmore .. .. 3,000 0 0 Forest Hill (Miller) .. 16 13 4 Forest Hill (Hay) .. 40 0 0 79c, Barewood ' 16 19 6 Castle Street leases .. 161 10 0 Professors' houses .. 210 0 0 Leith Street houses .. 23 8 0 5,265 4 2 Church Board of Property .. .. 1,800 0 0 Fees .. .. .. 3,130 16 6 Less transferred to School of Mines account .. 297 3 0 2,833 13 6 Interest on debentures .. 584 I' 9 Less transferred to Scholarship and Prize Funds Ac- £ s. d. count .. .. 120 10 1 Less transferred to Wolf Harris Endowment Fund .. 97 17 9 218 7 10 366 9 11 Sale of Leith Street houses .. .. 513 13 11 Incidental receipts .. .. .. 23 5 4 Timber account (Burwood) .. .. 28 16 9 Goldfields revenue .. .. .. 32 15 3 Interest on hot-water supply .. .. 9 0 0 Analyst's fee .. .. .. .. 25 0 0 Legacy (Mrs. Lothian) .. .. .. 26 0 5 £14,007 12 2 School of Mii Receipts— 8. d. £ s. d. Government subsidy— Balance grant, 1903-1904 500 0 0 First half ordinary grant, 1904-1905 .. .. 250 (i (i Fees—mining classes .. 297 3 0 Battery returns .. .. 110 1,048 4 0 From General Account .. .. 822 17 2 £1,871 1 2 Museum A Receipts— £ s. d. Rent of Museum Reserve .. .. 400 0 0 From General Account .. .. 162 14 4 £562 14 4 Building £ s. d. Balance, 31st Maroh, 1905 .. .. 480 2 9 £480 2 9

Expenditure. £ s. d. £ s. d. Salaries .. .. 7,296 6 8 Less salaries professors and lecturers School of Mines .. ..£1,600 Less salary of Curator of Museum .. £250 1,850 0 0 5,446 6 Apparatus— Biological laboratory .. 75 4 10 Chemical laboratory .. 32 9 0 Physics laboratory .. 53 13 8 Medical School .. .. 108 5 10 Pathological laboratory .. 12 7 0 282 0 4 Fees—Professors, lecturers, and supervis >rs 2,315 5 0 Repairs and alterations .. .. 89 10 5 Balance painting contr ct .. .. 108 0 0 I Expenses—Professors' houses .. .. 33 0 2 Expenses—Advertising Burwood .. 43 9 6 Library .. .. .. .. 50 16 2 Insurance .. .. 47 12 10 Less proportion charged to School of Mines .. 9 0 0 38 12 10 Water, fuel, and light .. .. .. 196 14 6 Printing, advertising, and stationery .. .. 93 4 0 Less proportion charged to School of Mines .. 10 0 0 ■ S3 4 0 Law-costs .. .. .. .. 63 15 0 Incidental expenses .. 32 13 0 Grant to Ulrich Prize Fund 15 0 33 18 0 Examination expenses .. .. .. 7 17 6 Bank ch-irges and commission .. .-. 8 5 0 Interest on overdraft .. .. .. 0 6 3 Commission to Government for administering reserves .. .. .. .. 54 17 5 Interest on loan transferred to Interest Account .. .. .. .. 722 5 0 Transferred to School of Mines Account .. 822 17 2 Museum Account .. .. .. 162 14 4 Balance 31st March, 1905 .. .. 3,443 10 11 £14,007 12 2 ines Account. Expenditure— £ s. d. £ s. d. Salaries — Director and lecturers .. 1,200 0 0 Proportion of salaries of professors .. .. 400 0 0 Assistant .. .. 54 0 0 1,654 0 0 Government soholar (fees) .. .. 23 12 0 Proportion of general expenses .. .. 10 0 0 Proportion of insurance premium .. • .. 9 0 0 Chemicals,water, fuel, light, and repairs .. .. 174 9 i 193 9 2 £1,871 1 2 \CCOUNT. Expenditure— £ s. d. Salary of Curator .. .. .. 250 0 0 Attendant and maintenance .. .. 312 14 4 £562 14 4 Account. £ s. d. Progress-payments on new building .. 450 0 0 Inspector of works .. .. .. 28 0 0 Bank charge .. .. .. .. 0 5 0 Interest on overdraft .. .. .. 1 17 9 £480 2 9