258 Gain in Exchange Increase in Tuitions in Exchange Unfilled Position of Mr. Gordon in S _O.S. Total 45,043.70 (L.E.1003.740) 12,112.87 (L.E.2422.575) 1,732.50 (L.E. 346.500) 40_8 $$9 07 L.E.3 777.315, (4) Over against this Surplus, we acknowledge with gratitude a return to the University by the Trustees of the gains in exchange for the payment to the staff of a war bonus in view of the high cost of living and the willingness of the Trustees to carry in a separate account all exceptional expenditures due to travel to and from the U.S.A. during the war. These special grants offset in some measure the savings in question. (5) The Auditors' Report is attached to the Bursar's Statement. In accord-ance with action of the Finance Committee in A...