What New Zealand Lacks.

Of course we have not the advantages of largo institutions like those in America and Europe. We have not the means, we have not the population, and our wealtliy men have not yet risen up to the conception of what their duty should be in helping this young community in giving the highest possible edcation to its citizens. Kvery year in America there are millions of pounds given for University purposes. Tne amount we have got for I'niversity purposes from our weiilthy men is very small. The only gentleman who left us anything large for Victoria College was the late Mr Jacob Joseph, and I hope his name will ever bo revered. He set an example which I had hoped many would ere this have followed. The only other large donation was, I think, that made by the late Mr Arthur Beverly to the Otago University. There are many wealthy men in our midst, and many wealthy citizens have passed away, but you will search our University records in vain to find many benefactions for higher edcation.