Calendar: 1957-1958 Page 403

ANNUAL REPORT xvii crowded The College has been fortunate enough to acquire some further properties in Surrey Street and the basements of two houses there have been put at the disposal of the library for storage purposes this will tide the library over its difficulties but only for some little time longer It is more urgent than ever therefore that new library with all suitable facilities and amenities both for readers and for library staff should be provided as soon as possible The College is most anxious therefore that the plans for rebuilding the Strand frontage which will provide the library it desires should be proceeded with without delay The question of central library depository for the University which has been raised again recently will be of the greatest interest and con- cern to all the colleges and institutions not least to King's College 10 FINANCE Grants from the Court of the University amount to £451 400 compared with £412 500 in the previous year In addition supplementary salaries grant of £34 200 was received Fee Income was £83 300 com- pared with £78 700 an increase of £4 600 over 1954-55 The total Income from Donations for the year was £22 000 which showed an increase of £2 200 over last year's receipts These Donations have been given mostly by firms or by foundations interested in the promotion of research and as in the past have been expended on materials and the salaries of the research workers employed Departmental expenses increased from last year's figure of £357 300 to £413 200 This figure included the cost of salaries wages and super- annuation of academic and technical staffs together with the cost of tutorial students and also the expenditure on departmental and laboratory maintenance which was £29 900 more than last year Maintenance of Premises cost £104 600 compared with £93 000 last year The Rates assessment for the College was nearly trebled but so far Charity relief has been obtained The cost of light and power has risen very considerably by more than £1 200 owing to increased con- sumption and higher charges Wages of porters and of attendants and wages of the works staff have also been increased during the year The total expenditure for the year was £611 200 and the total Income was £610 100 showing deficit of £1 100 on the year's working Both Halliday Hall and Bang's College Hall were full throughout the Session and at both Hostels the summer lettings were exceptionally good In spite of this the rise in costs of food fuel and wages together with an unusually heavy repairs programme resulted in deficit of £1 100 at King's College Hall and more than £500 to be carried forward against future Income for Repairs and Decorations at Halliday Hall During the year 1955-56 capital grants totalling £151 000 were made available to the College by the University Grants Committee through the Court of the University Of this £122 300 was for the acquisition of land and property £17 500 for new construction and £11 200 for furniture and equipment The acquisition of 162 Strand