28 A. LIVERSIDGE. 



Although I have not seen it specifically stated that the course 

 is to extend over four years, it is probably so intended, as all the 

 other professional and scientific courses, e.g., for mathematics, 

 civil, electrical, and mining engineering, etc., are to be four year 

 courses. It is rather expected that the fees will be sufficient to 

 render the Faculty self-supporting, as they will probably amount 

 to .£50 a year. Our University also might, perhaps, take part in 

 the higher professional commercial education of this country, 

 without interfering with the work undertaken by the Chamber 

 of Commerce. Co-operation would be of advantage to both, and 

 more economical, for many of the teachers required are already 

 provided at the University. In reference to this subject of com- 

 mercial education, I should state that I am merely expressing 

 my own opinions, and I have no knowledge of the views of other 

 members of the University. 



The following from " Nature," of March 28th, is interesting in 

 reference to this subject : — " The Lord Mayor, in opening the 

 proceedings in connection with the London School of Economics 

 and Political Science, stated ' that the object of the school was to 

 provide a scientific training in the structure and organisation of 

 modern industry and commerce, and the general causes and 

 criteria of prosperity as they were illustrated or explained in the 

 policy and the experience of the British Empire and foreign 

 countries. Mr. Passmore Edwards had generously contributed 

 £10,000 towards the erection of a building for the Faculty of 

 Economics and Political Science, and Lord Rothschild had given 

 .£5000.' In the course of his address Lord Rosebery said : ' From 

 whatever standpoint we may regard the age, I think we must all 

 be aware that we are coming to a time of stress and of competition 

 for which it is necessary that we should be fully prepared. It is 

 not necessary here to indicate what form that stress or that com- 

 petition may take, but in military matters, in naval matters, in 

 commercial matters, in educational matters, we see more clearly 

 day by day that we shall not be allowed to rest on any reputation 

 that we possess already, but that we shall have to fight for our 



