3

6.

The Rev Mr Mitchell, on behalf of the Committee on Finance,
presented the following Report.

The Committee on Finance, in presenting
their Report, beg leave, in justice to themselves,
respectfully to remind the Board, that the
duties of the Committee are defined in
the following Resolution, passed at the last
meeting of the Board, held at University Place,
Oct. 9, 1860, to wit : --

"Resolved, That a Committee of three
be appointed by the President of the Board,
to be known as the Committee on Finance,
which shall meet at University Place, at
least three days before the next annual
meeting of the Board, and to which shall be
reported by the Commissioners, Executive
Committee, Diocesan Treasurers, and Treasurer
of the University, all such matters as may
be under their direction & control connected
with the financial affairs of the University,
so as to enable that Committee to prepare
a Report of the financial affairs of the
University to be furnished to the Board
on its assembling."

The Journals, containing
this Resolution, and the other Proceedings of the
Board at its last meeting, through printed
by order of the Board, have not, so far as the
Committee can ascertain, been distributed
even to the parites named in the Resolution;
and this, it is presumed is one reason why
only a small part of the Reports called for by
said Resolution have been furnished to the
Committee. The few which have been
received were obtained in response to a request