UNIVERSITY INCOME 201 



tions from colleges, ;£'32,ooo ; income from endowments, 



;£'2,OQO — ;^64,ooo in all. 



In 1904 the University, in the course of its ordinary 



work, expended ;£'65,3oo, 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) ... ... ... g,6oo 



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 fiinds (professors, ^200 ; servants, 



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



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



£65,300 



There are forty-four professors, very few of them 

 receive ;£'8oo or more a year (including fellowships), 

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

 he holds a fellowship, is about £go a year. The 

 average annual income of a professor is not more than 

 £SSo, and of the yearly revenue of ;^24,ooo required to 

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

 fellowships by the colleges, and about ;^4,6oo 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 



