Calendar: 1931-1932 Page 54

18 SCHOLARSHIPS AND EXHIBITIONS The income of the Centenary Scholarships and Bursaries Fund shall be allotted annually by the Dean for Bursaries for promising regular day students who have satis- factorily completed the First Year Course such Bursaries to be granted only when the circumstances of the applicant make such grant necessary and to be subject to revision annually Loans for needy students on the following conditions That the applicant shall be in his final year in College ii That he shall be considered to be of sufficient promise iii That the loan shall be repaid within two years of the time when the student has completed his course and that no interest shall be charged in respect of repayments made within that period The Finance Committee of the Council may however if they think fit extend the time for repayments to maximum period of five years in all on the condition that if such an extension is granted interest at the rate of per cent per annum on amounts out- standing after the end of the second year shall be charged Any surplus remaining in the fund at the end of any Academic year shall unless otherwise determined by the Finance Committee of the Council be invested and added to the capital III -FACULTY OF ARTS Sambroofee Scbolarsbip in Hrts Scholarship of £40 per annum for three years will be offered annually to candidates entering the Faculty of Arts Candidates must be under 19 years of age on May 1st in the year of election The Scholarship is open to men and women The following are the subjects of the examination -The writing of an English Essay and either Latin and Greek or ii two of the following subjects-English Language and Literature History Geography French German The successful Candidate will be required to enter the Faculty of Arts at King College as an Internal Student of the University of London in October next following the examination with the under- standing that he will proceed to an Honours Degree in Arts in the University of London The payments will be made in nine terminal instalments pro- vided the Student continues in attendance as Regular Student in the Day Classes and produces to the Secretary at the end of each Term Certificate of good conduct and of satisfactory progress signed by the Dean of the Faculty The next Examination will be held in March by the London Inter- Collegiate Scholarships Board Candidates should apply in February