Caption: Board of Trustees Minutes - 1970
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88 BOARD OF TRUSTEES [September 18 Pure rinses * $1 000 000 Household Finance 6 per cent notes due 3/4/69 500 000 U.S. Treasury bills due 4/22/69 1 000 000 Local Loan tyi per cent notes due 7/18/69 Construction Florida Avenue Residence Halls Purchase: $380 000 U.S. Treasury bills due 10/3/69 Orchard Apartments Sale: $32 000 U.S. Treasury bills due 11/30/68 Assembly Hall Sinking Funds Purchases: $386 000 U.S. Treasury bills due 9/19/68 250 000 U.S. Treasury bills due 3/24/69 455 000 U.S. Treasury 6 per cent notes due 8/15/69 153 000 U.S. Treasury 4 per cent bonds due 2/15/70 Housing Revenue Bonds Purchases * $1 350 000 U.S. Treasury 6 per cent notes due 8/15/69 120 000 U.S. Treasury 4 per cent bonds due 2/15/70 Funds 996 706 50 500 000 00 100000000 374 877 20 31 345 54 383 240 457 150 451 115 488 465 86 56 28 94 1 353 796 88 117 300 00 This report was received for record. COMMUNICATIONS FROM NJALA UNIVERSITY COLLEGE (18) I am pleased to report for the record of the Board of Trustees several communications concerning Njala University College. There follows a letter from the Principal of Njala University College which was received in the President's Office on July 10, 1968: "Dear President Henry, "It is with pleasure that I write to inform you officially that the Senate of the University of Sierra Leone last week Saturday formally approved the pass list for the degree students in their final year of studies at Njala University College. "Please find attached the complete pass list, together with a break-down of the results. I enclose also copies of the reports of the External Examiners. "To all of us at Njala this achievement is significant in many ways. W e have demonstrated that Njala can make a worthwhile contribution to the overall development of Sierra Leone. "Between now and the beginning of the next school year we have time to pause and reflect back over the past five years and re-examine ourselves critically with a view to determining our weak spots and planning remedial measures. We hope to maintain the standards that we have reached and improve upon them as the years go by. "The development of Njala University College has been a joint educational effort between the University of Illinois and this College. Without your interest and support what we have just achieved would have been impossible. I send you and all your staff members who have participated in this very stimulating experiment at Njala my personal gratitude for all that has been done here. I am particularly happy that Russ Odell, Karl Gardner, Ray Karnes, and Jim Crawford are being proved right in the recommendations they made. "We still have formidable problems which are being aggravated with happenings in the country during the past eighteen months. Notwithstanding this I have firm faith that the situation will improve gradually so that we could be able to work in an atmosphere congenial to sound academic performance." On August 1, the following communication was received from Mr. Thomas A. McCowen, Director of the University Projects under the Agency for International Development and the University of Illinois: "The Njala University College Council at its 20th meeting held on Saturday, July 26, passed the following resolution:
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