The Commission appointed by Mr. Gladstone to inquire into the
financial resources of the two great Universities has made its. report, and the general result is to income is as follows :- Corporate Property.
Held under Trusts.
University of Oxford
£32,151 1 0 ... £15,487 19 3 University of Cambridge 23,642 19 5 ... 10,407 17 10 Colleges and Halls of Oxford 330,836 16 1 ... 35,417 0 2 Colleges of Cambridge 278,970 13 8i .., 27,640 17 8 Total 1.665,601 10 2f ... £88,803 14 11
Further, it appears that the Colleges expend their revenues Olb Fellowships,—i.e., rewards to distinguished graduates, proportion- ally very few of whom do anything in return for their income,—and on Scholarships, which are, no doubt, real subventions to educa- tion, in the following proportions (the year for which the returns are given being 1871) :—
Oxroaa. Mmasman.
Fellowships £101,171 4 5 £102,976 11 2 Scholarships and 26,225 12 0 24,808 13 0 Exhibitions ...
In other words, about four times as much is spent on giving re- wards to academical success, which rewards are not often used to promote education, as is spent on direct aide to young learners. Trinity College, Cambridge, is the richest College in either Univer- sity, possessing a total revenue of 160,000 a year ; theArcomes Christ- church, Oxford, with £49,000; and then St. John's, Cambridge, with -245,000. These are all rich Colleges, but all of them do a large educational work. When, however, we hear of Colleges so rich as Magdalen, New, and St. John's Colleges, Oxford, with, respectively, 135,000, 130,000, and 123,000 a year,. and of a Cambridge College 'so rich as King's, with £34,000,. while BaLliol, Oxford, which does so great a work, has only 18,000, it is obvious that the chief result of the inquiry will be- to stimulate a great reform in the use of the Collegiate revenues, devoting them more exclusively to educational purposes, and especially to bring about a better appropriation of the income now spent in non-educational fellowships.
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