444 Lord Milner and Imperial Scholarships 



be very great, especially after the return of one such Fellow 

 who had made conscientious use of the opportunities thus 

 afforded him. 



In a college which is endowed with such an augmentation 

 fund, when a new ordinary Fellow is elected, he would be 

 offered the augmentation for one year on his engaging to 

 spend the first year of his Fellowship at a foreign University 

 to study some subject which will bring him as much as 

 possible in contact with the students and teachers and to 

 make himself thoroughly acquainted with the University 

 administration and educational system in the country where 

 his selected University is situated. With regard to ways and 

 means, it is not necessary to provide a perpetual annuity for 

 the purpose ; it is enough to provide a fund which shall be 

 sufficient for furnishing the annuity for such a number of 

 years as will enable a judgment to be formed as to whether 

 the scheme is going to be a success or not. Provisionally, 

 I take it that fifteen annuities of 100 each would meet the 

 case. An annuity of this amount for fifteen years is bought 

 and is every year paid into the college chest. When a new 

 Fellow is elected he is offered one of these annual sums as 

 an augmentation of his first year's stipend on his agreeing 

 to comply with the conditions indicated above. Next year 

 perhaps another new Fellow is elected and the augmentation 

 is offered as before, but it is declined ; it therefore remains 

 in the college chest. Hearing of this the first Fellow who 

 received the augmentation applies for it to be continued on 

 the same terms for the next year. Should his request be 

 granted ? I think not. The object of the fund is to produce 

 as large a body of Fellows with sound foreign experience as 

 possible, and it is more likely to be profitably expended in 

 giving a new Fellow the experience than in increasing that 

 of the old Fellow. In due course a third new Fellow would 

 fall to be elected, and I assume that he and those following 

 him will take the augmentation. We may take it that fifteen 

 Fellows would be added to the list in twenty years. 



The advantage accruing to the college would be that 

 after twenty years its management would be in the hands 



