INCOME OF THE COLLEGES 197 



may be better organized than another for this par- 

 ticular purpose, but the colleges may safely be trusted 

 soon to come into line. 



The corporate income of the seventeen colleges is, 

 roughly, ;£'3 10,000 per annum. This, with a sum of 

 about ;£'52,ooo (called the Tuition Fund), received 

 annually from the lecture and laboratory fees of the 

 3,200 students, and ;£"30,ooo received annually by the 

 University for degree and other fees, constitutes the 

 whole available income for college as well as Uni- 

 versity purposes, if we except certain Trust Funds 

 for the endowment of some professorships, and those 

 funds of the nature of charities of which the colleges 

 are merely administrators. 



The corporate income of the colleges consists of 

 (i) endowments, usually in the form of estates, which 

 bring in ^$'220,000 a year; (2) fees, rent of rooms, profits 

 on kitchens, and so forth, which bring in ;^9o,ooo. But 

 the colleges are great landowners and have the out- 

 goings of landowners. Though the expenses of the 

 estate management are only about 7 per cent, of the 

 revenues arising from the estates, yet ;£■ 130,000 a year 

 are spent on management, repairs, and improvements 

 on the estates, rates and taxes,* interest on loans, and 

 the maintenance of the costly college buildings in 

 Cambridge. Many of the latter are national monu- 

 ments of surpassing interest, the proper care of which 

 is a duty to the nation. When allowance has been 

 made for the inevitable expenditure under these heads, 

 there is left only ;^i 80,000 for all other purposes. The 

 fellowships and the stipends of the heads of houses 

 absorb ;^78,ooo ; and the contributions of the colleges 

 towards scholarships, as determined in the main by 

 statute, and as distinct from any separate endowment, 

 account for ;^3 2,000. 



An analysis of the distribution of the fellowship 



* Rates, taxes, and tithe alone swallow up ^45,000. 



