TREASURER'S REPORT

The report of the Treasurer of Dartmouth College for the year ending June 30, 1918, has been issued.

As was the case last year, Mr. Edgerton adds interest and value to his report by means of an introduction summarizing the aspect of College finances as shown in the figures of the report itself.

The report points out the excellent financial position of the College due primarily to the aid rendered by the Alumni Fund in wiping out the deficit for the year.

As it stands the only mortgage indebtedness of the College now remaining is a $40,000 debt on the Gymnasium. This is the lowest point reached in fifteen years.

The most important gift of the year is, as usual, from Mr. Tuck and consists of 2770 shares of Great Northern Ore Properties.

Of the College investments 34.7% is invested in stocks; 17.2% in bonds; 6.1% in real estate mortgages; 18.8% in real estate outside of Hanover; 18.5% in dormitories and 4.7%; in miscellaneous Hanover real estate. The average income return is 4.68%. If the unproductive College Grant investment is deducted the return increases to 4.95%.

Income during the past year showed a heavy decline. That from students, exclusive of dormitory rentals, fell off nearly $74,000; or more than 35% and this sum represents very nearly the total decrease in income.

Expenses were held to a minimum and, in spite of increased cost of nearly every individual item, the total was cut $45,000.

The actual deficit instead of an estimated $100,000, proved to be $50,000 and this was met and cancelled in full by the Alumni Fund.

The Treasurer's report may be secured upon application to H. C. Edgerton, Treasurer of Dartmouth College. For those who do not need the complete document, a digest including the introduction has been prepared.