Budget Shows '52-'53 Deficit For University

The University absorbed a loss of $69,268.07 during last year, according to the 1952-52 financial report issued yesterday by Paul C. Cabot '21, Treasurer of Harvard College, and Edward R. Reynolds, administrative vice-president.

The loss is considerably less than the 1951-52 figure of $161,884.87. In 1950-51, however, the University showed a profit of $200,000 and the year before that of $827,220.56.

The 1952-53 figures represent a budgetary deficit for the University but not an actual one.

Expenses this year totaled $36,063,011.36, an increase of approximately $3,026,111 over the preceding year. Income also went up by more than two million to $35, 993,743.29.

The biggest single loser was the Committee on Athletics which went $456,189.75 into the red. Last year the Committee lost over $466,000. But the present figure represents a much bigger loss than those accumulated two and three years ago.

The Faculty of Arts and Sciences, less than $15,000 behind in 1951-52, accumulaed a $155,861.62 deficit in the pas year. The Graduate School of Education, $11,110.46 in the red in 1951-52, jumped to the third largest deficit during the past year, showing losses totalling over $90,000.

The Hygiene Department and Stillman Infirmary, which lost $24,788.38 the previous year, totaled the fourth biggest loss for 1952-53, dropping $55,379.45.

Showing the biggest gain over the past year was the Law School, which was $47,016.04 in the red in 1951-52, but which showed a profit of $22,356.22 for last year.

The Graduate School of Design also picked itself up financially. Over $3,000 in the red for the 1951-52 year, it showed a profit of $4,277.41. The Design School has been headed by a new dean, Jose Sert, for the past year.

The Fogg Art Museum $22,336.47 behind during 1951-52 also surged ahead financially, showing a profit of $2,687.34.

The Graduate School of Public Administration, which had reported a $790.97 deficit for the 1951-52 year, showed a profit of over $11,000 for the past fiscal year.