Calendar: 1870-1871 Page 64

SPECIAL DONATION FUND The following document has been during the past Summer issued by the Council and is especially commended to the notice of all friends of the College "This College was founded by Royal Charter in 1829 on site granted by the Crown for the teaching of various branches of Literature and Science and also the Doctrines and Duties of Christianity as the same are inculcated by the United Church of England and Ireland number of its original promoters both Donors and Shareholders withdrew their support at the last moment in consequence of their difference with the Duke of Wellington and Sir Peel re- specting the Roman Catholic Relief Act leaving 12 000i of Shares forfeited besides promised Donations of which the amount cannot now be ascertained but is believed to have been at least 0001 The debt thus involved in the building of the College has been in regular course of liquidation by sinking fund which is rigorously kept up even though it is often necessary as it is this year to tax the salaries of all the College Officers for the purpose On the other hand fresh building and consequent debt has from time to time been incurred to meet the requirements of efficient teaching and especially the increased demands of Physical Science for which more accommodation is still urgently needed This debt has been now further increased by the destruction of the Dining Hall in consequence of the excavations and pumping for the Thames Embankment and the railway under it for which it seems no legal redress can be obtained The College also advanced 500Z for the building of the Hospital which is necessarily connected with its Medical School and although one-third of this will be gradually repaid by charges on certain medical salaries the rate of repayment is very slow and meanwhile that is practically an addition to the College debt