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  Item Reference: KCLCAL-1973-1974-387

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xiv Annual Report of the Council King's College at St Augustine's College Canterbury Total income amounted to £33 678 which included an amount of £1 481 received from Special Lettings Expenditure was £39 875 which resulted in deficit on the year's working of £6 197 King's College Hostel Total income amounted to £20 431 which included £2 555 received from Special Lettings Expenditure amounted to £22 248 which resulted in deficit on the year's working of £1 817 BENEFACTIONS sum of £1 597 under the will of the late White was received and is set aside to be invested in the Chair of Moral and Social Theology Appeal sum of £1 000 under the will of the late Reverend Hunt was received and is invested in the Chair of Moral and Social Theology Appeal GENERAL The financial problems of the Council have continued to exercise the Finance Committee residential conference at Cumberland Lodge March 24th to 26th 1972 of members of the Council and the Delegacy was assisted by the Bishop of Rochester and the Bishop of St Albans the Reverend Baker the Reverend Canon David Edwards Sir Richard Way and Mr John Reading of The nature of the problem and possible ways of approaching it were identified and dis- cussed The conference encouraged the Council in consultation with the Delegacy to explore ways of remedying the situation The year ended with resolution of the Council and of the Delegacy to set up committee under the chairmanship of Sir Ivison Macadam to consider the present position and financial problems of the Council as they affect the College as whole' It was noted that the Report of the Committee of Enquiry into the Governance of the University of London of which Lord Murray of New- haven was chairman might be expected to make observations on the future of the University's Schools of Divinity
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