At the examination, the first that has ever been held, for honours in Arts, Mr. M. G. Ranade, the first M.A. in India. one Bachelor was a candidate, and obtained a high position in the 2nd class. The result of this examination entitles him, at the end of five years from his Matriculation to the degree of M.A., and I would warmly congratulate Mr. Mahadev Govind Ranade on being the first student of this University, indeed one of the first in India, who has passed his examination for his degree as M.A.
I would note with pleasure another signal mark of progress. Mr. Cowasjee Jehangeer. One of the most respected and trusted of our fellow townsmen has, during the year, devoted the large sum of £10,000 to provide a suitable building for the Elphinstone College. This is not the place for empty compliment, and the act is only one in a series of deeds of public and private benevolence, but I would congratulate Mr. Cowasjee Jehangeer for being one of the first Fellows whose name will appear on what I hope will be a long and honorable roll of the Founders and Benefactors of this University.
The Senate has also accepted Munguldas Nathoobhoy's Travelling Fellowship. Mr. Munguldas Nathoobhoy's gift of £2,000 to endow a travelling fellowship, and I trust the University will not be tardy in furnishing candidates to take advantage of the enlightened liberality of their countryman.
During the year your second Vice-Chancellor resigned the office which he had ably filled from the time when the University was yet in its infancy, feeling that the pressure of his judicial duties did not allow of his devoting so much time and attention as he wished to the affairs of the University, Sir Joseph Arnould. and I am glad of having an opportunity of thus publicly expressing to Sir Joseph Arnould, the high sense which I am sure every member of the Senate entertains of the value of the services he rendered while he filled the office.When I last addressed you I dwelt on the important part which this University Bearing of Universities on the administration of public affairs. seemed to me destined to play as the interpreter to India of Western thought and Western civilization. I believe that some of those who then heard me were disappointed that I said little on the bearing which the University would have on the formation of public servants, and through them on the administration of public affairs. You will