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Show A. C. ENDS YEAH WITH BALANCE SHOWN Every Merchandizing Department De-partment Makes Profit. Report Says IrOGAN. Aug. -11. The ftah Agricultural college completed the fiscal year ending- June SO, with a small baJance in Its general fund and with every merchandising; department de-partment showing a profit. It appears ap-pears from a report of the year's receipts and expenditures just presented to President Elmer O. Peterson by John L Coburn. secretary sec-retary treasurer of the Institution. The report of. the secretary treasurer shows instead of a small deficit, which waa feared by col--lege officials because of the limited lim-ited budget upon which the Institution, Insti-tution, must operate, a balance of 14230 In the general college funds. The- report shows further that the college creamery earned 1M3.4S lest year: that the college bookstore, book-store, after all expenses have been paid, will have made tUlO.TS, and, that the college cafeteria made $841 40. These Isst two named de-; eartwMHts nw nnt el temp e twahe a profit on their sales, but try only to break even, returning to the students In lower costs what would be proflta In- commercial Institutions. In-stitutions. The class locker fund haa a balance of IHi W while the college printing department paid all expenses but did not- show a pmflC The college has also been able, during the past three years to pay off the entire Indebtedness on the college, dormitory, amounting to I2&.000. Three yeare ago , when , there waa aerlous houalng short-: sge In Logan, business men of the city raleed 2ft.04 with which to equip a modern dormitory of twenty-two suites on the college campus.' These bueinees jnen agreed to give alt of this equipment equip-ment to the college upon the repayment re-payment of this $26,043 from dormitory dor-mitory rents and from othsr miscellaneous mis-cellaneous sources by the college. This indebtedness has now been cleared and this equipment becomes the property of the institution. President Peterson Is highly pleased with the financial showing of the college which he ascribes to the strict economy which has been practised by all officers of the Institution. In commenting upon the general savings effected, effect-ed, the president said: "The Institution a year and a half ago. In anticipation of the financial fi-nancial stringency through which It 1 now passing, began very vigorous vig-orous retrenchment and this applied ap-plied not only to the teachlnr force, but also to the equipment for departments. The result is that despite the fact that the prorata pro-rata appropriations to the Utah Agricultural college from the state are lower than to any other Northern North-ern or Western agricultural college, col-lege, the Institution has been able to survlTS this period without Incurring In-curring a deficit.' |