Auckland Institute. 561 



The balance-sheets show that the total revenue of the Working Ac- 

 count, omitting the balance of £76 6s. 6d. in hand at the commencement 

 of the year, has been £851 14s. 8d., a satisfactory increase on the ordinary 

 income of the previous year, which was £809 8s. lOd. Examining the 

 separate items, it will be seen that the receipts from the invested funds 

 of the Costley Bequest have been £325 13s. 9d., the amount for 1901-2 

 having been £365 8s. 2d. The Museum endowment has yielded in rents 

 and interest £375 15s. 7d., the sum for the previous year having been 

 £309 10s. The members' subscriptions have amounted to £141 15s., 

 being a gratifying advance on the amount collected during the previous 

 year. The total expenditure has been £868 2s. 8d., leaving a balance of 

 £59 18s. 6d. in the Bank of New Zealand. There is no change of im- 

 portance with respect to the invested funds of the Institute, the total 

 amount of which is £13,996 6s. 2d., showing an increase of £108 7s. 5d. 

 during the year. Practically the whole of this sum is invested in mort- 

 gage on freehold securities or in Government debentures. 



The Institute still retains the management of the Little Barrier 

 Island as a reserve for the preservation of the avifauna of New Zealand. 

 The Curator reports that no attempts have been made to interfere with 

 the birds, and that no unauthorised persons have landed upon the island. 

 The Council are satisfied that if a resident guardian is maintained the 

 island will long remain a secure home for a considerable portion of the 

 avifauna of New Zealand. 



Election of Officers for 1903. — President — Professor 

 A. P. Thomas, F.L.S. ; Vice-presidents — E. Koberton, M.D., 

 and J. Stewart, M.I.C.E. ; Council — Professor F. D. Brown, 



C. Cooper, H. Haines, F.E.C.S., E. V. Miller, T. Peacock, 



D. Petrie, J. A. Pond, J. Eeid, Professor H. W. Segar, Pro- 

 fessor H. H. Talbot-Tubbs, J. H. Upton ; Secretary and 

 Curator— T. F. Cheeseman, F.L.S., F.Z.S. 



Paper. — " New Species of New Zealand Grasses," by Pro- 

 fessor E. Hackel; communicated by T. F. Cheeseman, F.Z.S 

 (Transactions, p. 377.) 



36— Tr. 



