FELLOWSHIPS 199 



the fact that one of the larger colleges has in the 

 last thirty years suffered a loss of revenue amounting 

 to ; 1 0,000 a year. 



We now turn to the question of the fellowships. 

 The sum of 78,000 was in 1904 divided among seven- 

 teen heads of houses and about 315 ordinary fellows. 

 Of this sum the heads of houses received among them, 

 as far as can be ascertained, the not excessive amount 

 of I 5,ooo, very unequally divided. The average 

 stipend of a fellow is thus about 200 per annum. 

 When the last Commission sat, the maximum stipend 

 of a fellow was fixed at 250; and it was thought that 

 this sum would usually be reached. But, except in 

 the case of one or two colleges, which are the fortu- 

 nate possessors of town property, the maximum is 

 now never reached ; and in certain cases the value of 

 a fellowship has fallen to less than 100 per annum. 

 Of the 315 fellows, some 245 were in 1904 resident 

 and some 70 non-resident. Of the residents, about 

 225 were holding some University or college office, 

 educational or administrative. Of the non-residents, 

 and of the residents who were holding no office, the 

 greater number had earned their fellowships by hold- 

 ing some qualifying position, such as a lectureship for 

 a given number of years, usually twenty. Among the 

 non-residents, in addition to fellows who hold their 

 fellowships as a pension, were to be found students 

 who are prosecuting research away from Cambridge; 

 such students are, as a rule, liable to be summoned to 

 reside, as college exigencies may demand. Several 

 other non-residents are fellows who have but recently 

 received appointments away from Cambridge ; their 

 fellowships will, under the new statutes, lapse in a 

 year or two. 



The analysis shows that the number of * prize fellow- 

 ships' is small; and it is believed that they are steadily 

 vanishing. To assist the reader in obtaining a general 



