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11.
A second proposal that bears upon these
contingent proposals affecting chemistry, physics and
mathematics is in resolution XXIV (a) (1). It was
felt that to end the grouping of the sciences in an
Arts Faculty, to develop a separate Faculty of
Engineering and Science and to institute a degree in
science might stimulate the study of the sciences.
This change in the grouping of studies also provides.
an adequate framework within which can be organized
the more restricted engineering teaching proposed for
the immediate future.
12.
Certain of the resolutions of the Court
will affect the financial position of the University
(i) Resolution V, when implemented, will mean
that for the safeguarding of its capital endowment
the University hereafter must be content with a
less rate of interest than that which it obtained on
mortgage loans in more favoured days.
(ii)
Resolution VII dissents from the University
(1937) Committee's recommendation that house
allowances should be reduced.
(iii) Resolution VIII proposes new expenditure on
the building of staff residences, but this should
produce an annual saving on house allowance of
nearly $7,500 after all interest charges have been
met.
(iv)
Resolution XXI proposes a reduced rate of
salaries for professors, readers and lecturers but joins thereto a proposal for improved Provident Fund
provision for members of the University staff
recruited in Great Britain. The comparison inevitably
was made of the value of pensions of Government
servants in positions of like responsibility with
professors and lecturers of the University, and a
over
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