Calendar: 1858-1859 Page 44

Η ANNUAL REPORT APRIL 1858 object to-day the subscriptions have reached 27 605 5i lid The Council most heartily congratulate the Court on the great stride thus made towards finishing work which is of the greatest importance to themselves Their Medical School can never take the position due to its connexion with the College until larger and more efficient Hospital is built The Council are rejoiced to recognise in the list of the largest subscribers to the New Building many members of their own body and they feel therefore the more bold in strongly com- mending this work to every member of the Corporation The Council think it right to put on record an important alteration made during the past year in the rules under which they had hitherto dealt with the accumulations arising from lapsed forfeited and non-awarded Scholarships on the founda- tion of the Rev Warneford LL These accumu- lations were by the Trust Deed directed to be laid out in "extra Scholarships open only to Medical Students resident within the College or in the houses of Professors but the number of Students thus qualified was found to be insufficient to use up the accumulated interest unless indeed the standard of professional learning should have been very greatly reduced Under these circumstances the Council felt it right to put in exercise under the direction of counsel the power vested in them by the Foundation Deed of altering with the consent of His Grace the Visitor and the Lord Bishop of London the rules under which these accumulations were dealt with and they have enacted series of new regulations by which the extra Scholarships created out of these accumulations are no longer open exclusively to Students resident within the College or in the houses of Professors but are offered in addition to those already established by Dr Warneford himself for the further encouragement of the previous education of young men intended for the Medical Profession to be com- peted for at the commencement of their Medical studies at King's College London