$200,000 Increase in Income of University Applied Entirely to Raising of Wages and Salaries

That Harvard's $123,000 increase in income from Departments of Instruction, Research, and Administration during last year has been applied entirely to raising teaching salaries, and that building expenses have been cut over the previous year in order to raise wages $75,000 is revealed by the report tendered to the Board of Overseers yesterday by Henry L. Shattuck '01, Treasurer of the College.

Total Income Up

Total income for the year ending June 30, 1936 was $12,532,000 and for 1935, $12,328,000. The $200,000 increase went into paying higher wages and salaries.

Although the University was able to show an increase of $200,000 which could be applied to paying for instruction and administration, it was necessary to cut one item, "Academic buildings and grounds, improvements" from its former figure of $113,000 to $24,000 since the expense entitled "Income from dormitories credited to other income of certain departments of instruction and research" rose by a corresponding amount, $83,000.

Scholarships and other student aids exclusive of loans rose $14,000 which made it necessary to reduce some other item if the increased income over last year was available for increasing salaries. To do this a drastic cut was made in the "buildings and grounds, improvements" item.

No Other Big Change

Such would seem to be the important changes in the report for the last academic year, made public in its first, and most condensed form last night. Later in the year the full report will be published, a volume containing 385 pages for 1934-35. The present figures are so condensed (all figures now available on page 3) that details as to where economies have been affected are hidden. The only major changes in important items of revenue and expenditure are the increase in total income and the corresponding increase in salaries and wages. Other items in the expenditures which have changed, such as the "income from dormitories credited to other income of certain departments of instruction and research", cancel each other.