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  Item Reference: KCLCAL-1899-1900-682

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XXX ENDOWED PROFESSORSHIPS The duties attaching to this Chair are given in the follow- ing extract from the Deed of Settlement "That the Tooke Professor shall be required to deliver in each year beginning the 1st day of April and ending March 31 at such times as may be arranged by the Council of King's College at least Twenty Lectures and that in order to promote the popular diffusion of knowledge of Economic Science at least Ten of these Lectures shall take place in the evening so as to admit of the attendance of young men and others engaged in business during the day and any non-compliance with this condition shall operate in an immediate forfeiture of the Professor- ship and the Council shall adopt such measures as may from time to time be found necessary to secure due discharge of the duties imposed by this Reso- lution upon the Professor for the time being מ The Endowment arises from the Interest on £1 250 per cent perpetual Debenture Stock of the London and North Western Railway Company and the due delivery of the minimum Course of Twenty Lectures in each year is condition absolute of the Endowment without any reference whatever to further payments from fees The tenure of the Tooke Professorship is for Five Years but the Professor may be re-elected The Professor is eligible for re-election but such re- eligibility is not in any way to interfere with the public announcement of the vacancy III -Gilbart Lectureship on Banking Founded in 1872 by the Trustees of the Will of James William Gilbart Esq for the purpose of providing an Endowment for an Annual Course of Lectures on the subject of Banking The duties attached to this Lectureship are given in the following extract from the Deed of Settlement "And it is hereby also agreed and declared that the said Governors and Proprietors and their successors
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