TREASURER'S REPORT

The report of the Treasurer of Dartmouth College for the fiscal year closing June 30, 1915 has been compiled and printed and is ready for distribution to those who are interested.

As usual this report which is prepared by Assistant Treasurer Edgerton, is a model of arrangement, and of precise and accurate presentation of the financial affairs of the College. Some parts of it will perhaps be of greater interest to the expert accountant than to the layman. The latter will, however, find short cuts to information in the form of summaries.

The report shows educational plant assets of $1,778,119.23 and investment assets of $3,861,717.70. The College owes considerable money, most of which represents debts contracted in the process of making necessary additions to the College plant; $214,500 is owed for the heating plant, the completion of the gymnasium, the remodelling of Bissell Hall, the Chapel and Wentworth Hall, the purchase and rebuilding of the President's House and the purchase of the lot where Robinson Hall now stands. .

The total College deficit stands at $38,397.44. This is the same as that at the close of 1914, the current deficit for 1915, amounting to $3,158.40, having been wiped out by timely application of the Alumni Fund; a fact which is among the most notable in the entire report.

The past year has seen on the part of the Treasurer's office a laboring and painstaking valuation of College property, together with the re-classification of a' considerable part of it. The results of this work appear in certain changes in the report.

Most persons will be largely interested in the comparative summary of income and expense which occurs on page 7. During a troubled financial period income from investments fell off less than might have been expected. Income from other sources, notably tuitions, which rose nearly $12,000, offset this shrinkage and made a total increase in the income account of almost exactly $13,000.

The expense account shows careful management. Maintenance of buildings and grounds exhibits a slight decrease, all other accounts a slight increase. In a total expenditure of nearly $400,000, a deficit of but slightly more than $3,000 was incurred. This is a remarkable showing; and since the alumni reduced the deficit to zero the showing is better yet.