Calendar: 1951-1952 Page 371

ANNUAL REPORT XV able to arrange for its continued use as hotel during the interval and this not only minimised financial loss but also enabled certain necessary reconstruction to be carried out before its opening as hostel Mr Shaw formerly Warden at King's College Hall will be the first Warden house committee has been set up under the chairmanship of Professor Bullough At King's College Hall Mr Michael Howard also of the Department of History will succeed Mr Shaw as Warden As mentioned in the Delegacy are anxious to secure an out- station for the Department of Botany and negotiations with regard to site which would seem eminently suitable for this purpose are now in progress 10 finance The Block Grant from the Court was increased from £187 500 to £194 500 and the Home Counties Grant remained at £14 700 In addition special grant of £36 128 was received from the Court to meet the cost of introducing new scales of salaries from October lst 1949 including superannuation contribution The Pee Income was £72 366 an increase of £3 068 over the income for the previous year Expenditure on Staff Salaries was £154 316 compared with £120 055 in the previous year and the expenditure on Tutorial Studentships amounted to £5 032 compared with £5 245 The cost of Family Allowances was £4 951 Supplementary pensions amounting to £2 650 were paid to retired members of the staff in accordance with the interim scheme recommended by the Court The cost of Maintenance of Premises increased from £35 948 to £44 378 chiefly on account of the additions to the College premises The cost of Departmental Maintenance including Wages and Special Apparatus amounted to £42 136 and £11 828 was spent on the Library including salaries The total Expenditure for the year amounted to £332 558 which exceeded the Income by £3 661 The deficit has been charged against the Revenue Surplus Account During the year the College purchased the freehold of the Montrose Court Hotel Clapham Common for the purpose of College Hostel and for the remainder of the session this was carried on as hotel pending adaptation and redecoration which was carried out in the Long Vacation The University Grants Committee made special grant of £132 000 for the purchase and further expenditure of £4 115 has already been incurred in connection with this project for which further grant has been requested The College also purchased the lease of 163a Strand at cost of £16 755 towards which Capital Grant of £16 000 was received Another Capital Grant of £6 750 rendered it possible to acquire the leasehold of 161a 166 Strand Both of these premises are being brought into use for College purposes as existing leases expire Further expenditure of £43 869 has been incurred on the Quadrangle Laboratories now under construction the cost of which is being met by