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from outside of the Province, the remaining twenty
per cent are Queen's men. Therefore it will be time
enough to ask where financial recognition is to stop,
when any other University in any other centre shows
that it is contributing to the teaching work of the
Province, something like twenty per centre of the High
School teachers. There is thus no difficulty, if you
take the test established by the Department of Education
itself. At any rate our financial position
may be said to be satisfactory. We have a surplus of
revenue over expenditure of seventy dollars. Such a
surplus is not bad housekeeping, when an annual
expenditure is concerned of nearly $50,000 not including
that of the Medical Faculty, or of the
School of Mining and Agriculture."

The following confidential memorandum
was submitted to the Board of Trustees by the
Principal,

Confidential Memorandum on
proposed changes in the Constitution of the Board
of Trustees with the view of increasing its representative
character and on the creation of a special
Board of Management for the Theological Faculty,
to be appointed by the General Assembly.

According to the Charter of Queen's
granted in 1841, the Board of Trustees

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1899-1900

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