Calendar: 1937-1938 Page 67
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scholarships and exhibitions 63 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
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