Calendar: 1874-1875 Page 66

04 SPECIAL DONATION FUND The following document was issued by the Council in 1871 "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 certain political differences with which the College itself was entirely unconnected leaving 12 000 of Shares forfeited besides promised Donations of which the amount cannot now be ascertained but it is believed to have been at least 000 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 On the other hand new buildings have been needed and consequent debt has from time to time been incurred in order 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 further increased by the destruc- tion of the Dining Hall in consequence of the excavations and pumping for the Thames Embankment and the railway under it for which no legal redress can be obtained "The College also advanced 500 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 this sum is practically an addition to the College debt "The Medical Scholarships of 240 a-year and the payment of 100 year to the Professor of Chinese which were in- tended to have distinct endowments have never been per-