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Students, as usual, competed at the competitions for judging stock and sheep-shearing, promoted by the Canterbury Agricultural and Pastoral Association, at the Metropolitan Show. All the prizes offered for the stock-judging competitions were won by students, and two prizes in the sheep-shearing were also won by students. At the end of the year Mi. G. S. Mackenzie resigned his position as Lecturer on Mechanics, Surveying, &c, to take up business in Waimate. Mr. C. W. Foster, surveyor, North Auckland, has been appointed to the position. As indicated in the last annual report, the experimental work on the improvement of cereals has progressed so far that we are able to state definitely that we have secured improved strains of wheat. About 20 acres have been sown with improved Hunters and smaller areas with Tuscan and Velvet, and the produce of these areas will be available for distribution for 1915 sowing, and should prove valuable to the farmers in the districts suitable to these wheats. All the buildings attached to the College and farm have been kept in good repair : upwards of £1,100 out of revenue has been spent in renovations and improvements. The improvements include a new residence for the Biologist, additions to the farm overseer's house, and new farm buildings on our outlying farm at Ashley Dene. The College farm, which is run on a purely commercial basis, has been maintained at a high state of fertility. The College stock has also been kept up to its high standard : this is indicated by the number of awards gained by the stud stock exhibited at two principal shows in the pjovinoeAshburton and Christchurch—awards being as follows: ten championships, thirty-eight first - prizes, thirty-three second prizes, seven third prizes, and a number of minor awards. As usual, a large number of farmers from the surrounding districts, and a number of outsiders with, agricultural interests, were invited to the annual gathering in December. The attendance at the gathering showed that the farmers take a keen interest in the work being'carried on at the College, those present commenting very favourably on the crops, stock, and general College work. I have, &c, R. E. Alexander, Director. The Hon. the Minister of Eduoation.

accounts and balance-sheet. Statement of B.eceipts and Expenditure for the Year ending 31st December, 1914. General Aooount. Receipts. £ s. d. Expenditure. £ s. d. Balance, Ist January, 1914 .. .. 521. 6 9 Salaries of staff .. .. .. 1,787 1.4 6 Students' books —Sales .. . . 419 5 Maintenance of students and staff .. 2,506 4 2 Contingencies (farm) —Show prizes . . 29 18 0 Farm wages (including £270, part of Direc-Dairy-produce and wool—Sales.. .. 1,290 15 3 tor's salary) .. .. .. 1,528 6 .'! Students'fees .. .. .. 1,587 13 11 Live-stock (including refund of prize-money, Grain Account—Sales .. ... .. 665 4 0 £15 155.) .. .. .. .. 1,298 7 5 Insurance (farm) —Rebate .. .. 211 4 Students' books —Purchase of books .. 58 19 9 Insurance (college)— Rebate .. .. 36 19 1 Contingencies (College) — Travelling - ex-Live-stock—Sales .. .. .. 3,945 6 5 penses (staff), motor-car', and half farmers' Rent of reserves .. .. .. 2,848 17 10 luncheon .. .. .. .. 1.45 11> I I ••>■ Stationery—Sales and exchange .. 3 119 1 Mortgage Aocount . . . . .. 500 o 0 Students' maintenance —Board of farm Buildings—Ropairs, &c. (including new . hands .. .. .. .. 67 17 6 house) .. .. .. .. 888 4 5 Travelling-expenses (students') —Refund . . 019 0 Contingencies (farm) —Expenses of shows, Laboratories —Refunds anil veterinary foes 29 6 0 &c. .. .. .. .. 252 13 1 Implements —Refund . . . . .. 16 0 Churches and sports . . .. .. 912 0 Farm wages (shearing payments) .. 11 15 6 Grain —Railage, &c. .. .. .. 219 6 Prizes and certificates . . .. . . 24 8 6 Insuranco (college) — Buildings and AcPrinting and advertising—Rebate .. 010 0 countant's guarantee .. .. 61 19 I Trade Account —Refunds .. . . 85 15 5 Insuranco (farm) —Implements, &c. .. 40 0 1 Library—Refund .. .. . . 0 2 0 Library—Books and periodicals .. 28 18 6 Potty cash—Refund .. .. . . 20 0 0 Manure .. .. .. .. 353 4 0 Rates—Refund .. .. .. 0 5 0 Orchard and grounds .. . . .. 92 19 0 Interest on mortgages . . . . .. 761 5 0 Permanent improvement—Labour, material, &c. .. .. .. .. 431 14 2 Seeds .. .. .. .. 141 13 5 Stationery—Stamps, telegrams, telephones, &c. .. .. .. .. 58 7 2 Trade Account (including sacks, dip, &c.) 581 8 9 Saddlery—Wages and material .. 87 16 6 Travelling-expenses—Students' .. 59 10 4 Travelling-expenses—Board .. .. 45 11 0 Workshops—Wages and material .. 117 18 2 Laboratories —Instruments, drugs, &c. .. 23 1 4 Implement Acoount—Purchase, ropairs, &c. 325 10 10 Prizes and certificates .. .. .. 21 19 3 Printing and advertising .. .. 614 0 Rates—Local and water rates . . .. 136 5 0 Fuel . . . . .. .. 71 18 I Petty expenditure .. .. .. 162 8 4 Credit balanoe, 31st December, 1914 .. 112 18 8 £11,940 13 8 £11,940 13 8