UNIVERSITY INCOME 201 



tions from colleges, 32,000 ; income from endowments, 

 2,000 64,000 in all. 



In 1904 the University, in the course of its ordinary 

 work, expended 65,300, distributed roughly as 

 follows : 





 Officers, secretaries, and servants... ... 4,100 



Maintenance of business offices, registry, 



senate house, and schools ... ... 1,300 



Rates and taxes ... ... ... 3,400 



Obligatory payments from income ... 1,300 



Stipends of professors ... ... ... 12,400 



Stipends of readers, University lecturers, 



demonstrators, and other teachers ... 9,100 

 Maintenance and subordinate staff of scientific 

 departments (including the botanic garden 



and observatory) ... ... ... 9,600 



University library, staff, and upkeep ... 6,300 



Examiners' fees, etc. ... ... ... 5,900 



Debt on buildings, sites, sinking fund, and 



interest on building loans ... ... 8,500 



Printing and stationery ... ... ... 2,600 



Pension funds (professors, 200 ; servants, 



150) ... ... ... ... 350 



Miscellaneous expenses ... ... ... 450 



65,300 



There are forty-four professors, very few of them 

 receive 800 or more a year (including fellowships), 

 while the lowest limit of a professor's stipend, unless 

 he holds a fellowship, is about 90 a year. The 

 average annual income of a professor is not more than 

 550, and of the yearly revenue of 24,000 required to 

 produce this average, 7,000 are paid in the shape of 

 fellowships by the colleges, and about 4,600 from the 

 income of special trust funds and other benefactions, 

 one payment of 800 a year being for a term of years 

 only. One or two professors at most receive a pro- 

 portion of the fees paid for lectures and laboratories 



