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1867-1868
Twenty-Seventh Session

The Students enrolled during this year were
In Arts 28
" Theology 12
" Medicine 75 [handwritten note of 67]
------
115 [handwritten note of 103]

Freed from the injurious influence of intestine troubles,
amd with an income, straitened indeed, yet with careful manage-
ment, balancing its expenditures, the University had for the last
three years greatly prospered. This year, however, it was plunged
into very grave and unexpected financial difficulties, affecting more
than half its revenue, threatening seriously to impair its means of
usefulness, and even to endanger its existence. The suspension of the
Commercial Bank in which the principal part of the funds of the College
was invested was almost immediately followed by the withdrawal from
the Estimates, by the Government of Mr. Sandfield Macdonald, of Parlia-
mentary Grants in aid of higher education. By the former, in addition
to the loss of a year's dividends, the Bank Stock held by the
University was reduced to One third of its former value, from

1867-68

[handwritten number of 500]