Calendar: 1926-1927 Page 420

XII ANNUAL REPORT These sums together with £2 043 the accumulated balance of the two previous years will fall short by £300 only of the amount estimated to be required for the buildings The College was again able to make considerable provision for Special Apparatus for the laboratories and has spent £1 557 as compared with £1 380 in the previous year on this purpose The total expenditure on the salaries of the Staff remained practically stationary and the Delegacy were again able to renew the bonuses granted in the previous year The Senate have accepted the pro- posals of the Delegacy mentioned in last year's report for consoli- dating these bonuses in salaries and for placing other salaries on more satisfactory basis but they regret that they have not yet been able to carry the proposals into effect pending the settlement of the negotiations between the Senate and the London County Council Some further improvements were made in the Refectory which fully main- tained its popularity with the students and on the working of which there was again small surplus From this surplus the Refectory Committee have voted the sum of £200 towards the reduction of the debt on the Athletic Ground The total income for the year amounted to £103 764 16s tkl and the expenditure including the amount set aside for Buildings to £103 723 14s leaving credit balance of £41 2s 2d 10 Benefactions The International Western Electric Company presented to the College two amplifier valves for the use of the Physics Department The Jugo-Slav Government increased their grant to the College making it possible to raise the Lectureship in Serbo-Croatian Language and Literature to Readership Messrs Brunner Mond Company renewed the grant which they made last year in aid of the prosecution of Chemical Research The late Mr Frederick Godwin who was student of the College from 1865 to 1868 and received his Associateship in 1868 bequeathed the sum of £100 to the College for the benefit of the Evening Class Department Professor Seton-Watson presented gift of furniture for the rooms of the School of Slavonic Studies at the Institute of Historical Research Professor Hewlett presented to the College certain old prints and pictures illustrative of the early history of the College Lord Ullswater one of the Life Governors of the College presented framed portrait of himself from the collection of Grillon portraits The Founders' Company made grant to establish an annual Engineering Entrance Scholarship of the value of £40 per annum tenable for three years The Roumanian Government endowed Lectureship for three years on the Social and Economic History of Central Europe and the Balkans