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recommendations by the degree of wisdom and economy with which the institution manages its affairs. Applications for grants must be backed by estimates, but grants will not be specifically tied to the details of those estimates. This will leave the Governing Bodies of the institution freer to determine their own financial policies and to reallocate their income and expenditure if later development make some departure from the scheme of allocation envisaged in the original estimates
The Secretary of State will not therefore himself responsibility for formally approving the details of the annual estimates of the institution or require any other body external to the institution to do so.
necessary.
assume
(6) For the purpose of acquainting the Inter-University Council and the Colonial University Grants Advisory Committee with developments and enabling them to offer informal expressions of opinion and advice to the Governing Bodies on the expenditure of grants, members of the Council or Committee will make periodical visits to the institutions, normally at intervals of not more than eighteen months.
(7)
The Secretary of State and the Treasury have agreed to the adoption of these procedures for grants to the Colonial university institutions as a contribution towards safeguarding their acedemic autonomy, and hope that other grant-contributing authorities will adopt similar measures.
Colonial Office July, 1948.