Calendar: 1968-1969 Page 355

xii Annual Report of the Council King's College Hostel During 1966-67 vacation letting brought in £3 435 compaired with £1 080 last year The total income was £18 397 compaired with £16 328 in 1965-66 Expenditure was £16 619 compared with £15 103 in 1965-66 This was due to increases in wages and furniture and equipmient The year's working has shown surplus of £1 778 compaired with surplus of £1 225 1965-66 The net credit balance carried forward on July 31st 1967 was £4 305 King's College at St Boniface College Warminster During the present year the total income amounted to 20 125 compared with £15 124 last year the increase being due to an increase in the number of residents and also to higher fees from 66 Expenditure for 1966-67 was £17 894 compared with £1 320 in 1965-66 Higher wages salaries and National Insurance rates account for part of this rise together with increased costs on Repairs and Decorations and Furniture and Equipment The result of the year's working was surplus of £2 231 compared with deficit of £1 196 in 1965-66 The credit balance carried forward on 31-7-67 was £1 485 GENERAL As the result of proposal made by Professor Lewis the Profes- sorial Board of the University of London King's College set up com- mittee to consider the relationship between the Faculty of Theology and the Theological Department It had been the joint agreeiment of the Delegacy and the Council in 1958 in response to the desire of the Senate to provide money for teaching posts in theology to meet the predicament of the Board of Studies to establish these posts in the Faculty of Arts and for these theological teachers so appointed form one teaching unit with recognised and appointed teachers in the Theo- logical Department under the chairmanship of the Dean of King's College This arrangement has worked well in all essentials Buit more lecturers and readers had been added to the original new professsors on the Delegacy side making an imbalance of numbers leading to pro- posal for reconsidering the arrangement after nearly ten years After much discussion following the report of the committee which was endorsed by both the Professorial Board of and Iby the Theological Professorial Board the Delegacy and the Councill with some reservations agreed to give more definite form to the ailready existing joint Faculty of the two schools To this end it was decided that the body made up of the recognised and appointed teachers in theology