14 president's address. 



Senate first learned that Parliament had voted an increased 

 endowment of £5,000 for the year 1882, early in the month of 

 December, 1881 ; and such prompt action was taken that a 

 " Scheme of University Teaching in accordance with the increased 

 -endowment lately voted by Parliament," was drawn up by a 

 special committee, adopted by the Senate, and forwarded for the 

 approval of the Government before the end of the same month. 

 About three months after this date Sir William Macleay had 

 already matured his scheme, and executed a new Will, with a view 

 to giving legal effect to it. In a letter to the Chancellor, of date 

 March 29th, 1885, after enumerating the qualifications for a 

 Fellowship, he added — " These are, as far as I recollect, the chief 

 conditions made in my Will three years ago." 



In his Commemoration Address of April 23rd, 1892, the 

 Chancellor of the University, Sir William Manning, once more 

 referred to the Fellowships in the following words: — "Four Fellow- 

 ships, of so great an amount, exclusively for our graduates in 

 Science .... can hardly fail, when a\ ailable, to cause a 

 great expansion in a School which has hitherto languished for 

 lack of prospective advantages, except in its contributions to the 

 School of Medicine. The want of candidates for graduation in 

 pure science was well known to Sir Wm. Macleay; and he must, 

 therefore, have distinctly contemplated that his endowment 

 would, after the more or less remote date at which it would 

 come into operation, give new life to the School, and multiply 

 graduates who would fill his Fellowships." 



No exception can be taken to this statement of the case, except 

 that it leaves out of sight the important point that Sir William's 

 scheme for Fellowships was based entirely upon foresight, and 

 not upon experience, as the Chancellor's remarks might, perhaps, 

 be taken to imply. 



The Chancellor's announcement is now only of historical 

 interest. Sir William Macleay's plan, as therein outlined, pro- 

 vided for an endowment fund of £30,000, but otherwise did not 

 differ materially from the later one. It was subsequently set 



