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prospective reduction or increase in the number of Fellowships, in accordance with the state of the revenues, with a disposition to approximate to an uniform average value in all cases.
7. The Commissioners are of opinion that Bye Foundations should in all cases, as far as practicable, be merged in or assimilated to, the main Foundation of the College.
8. The Commissioners are inclined to adopt a general rule with regard to the period of eligibility to Fellowships, limiting it in all cases to the standing of Master of Arts.
C. Scholarships. 1. The Commissioners are of opinion that Foundation Scholarships should be introduced, if practicable, in all cases where they do not
2. The Commissioners think it desirable that Scholarships should as far as practicable be fixed at or made to approximate to, an average value of from £40 to £60 a year, and that they should not be fewer in number than the Fellowships in the same College, nor more than double that number.
3. The Commissioners are of opinion that Scholarships generally should be open to competition for all members of the University in their first year, but that a certain proportion of them in each College should be reserved for students of the College, to be competed for in their second and third year.
4. The Commissioners are disposed to recommend that the preferences attached to particular Schools in the election or appointment to Scholarships be abolished in all cases where this is practicable under the provisions of the Cambridge University Act.
D. Revenues. The Commissioners desire to suggest to the College (with reference to the 4th clause of sect. 27 of the University Act) the expediency of appropriating a portion of the divisible revenues of the College to University purposes, or of making some equivalent provision for the same end by appropriating one or more Fellowships to Professorships in the University.
EDWARD H. BUNBURY,