SPLENDID OFFER.

Dominion, Volume 7, Issue 1935, 18 December 1913, Page 5

SPLENDID OFFER.

12900 TO VICTORIA COLLEGE. " BY MACARTHY TRUST. 'Die following letter, forwarded t«. "Mi'/H. 'H. Ostfoiyelwirinan of tlio Victoria College Council, from tho Pii.hlie'; Trustee, was read at tho meeting lrf tIICJ; council held last night'v ; "1 have the honour to iiiform you, f : that at a meeting of the board j? ■..(Mr. 'J'. G. MaearUiy's Trust), held ) on Saturday, the 6th inst., it was i ■ resolved to favourably consider- a grout of £201)0 for .sonic purpose..., connected with the College, and associated with the name of Mr. Macarthy, according to a scheme to be submitted to, and approved by, tho hoard. If you will let mo havu an outline of the scheme as pr-n.*7. [ posed by the Collego authorities, .1 I will submit it to tile board." Sir Robert Stout suggested that t) 5 i matter should bo r<;ierred to tl- ■ Finance Committee. It was very graiv ■ 'lying that tho offer should be nuul| 110 suggested that a sohwno should j; : tried, with a view to the endowment I ■ a lectureship in economics. ).!!;< id.J « was that if this £"000 was received ths". • should approach the CovcrmneiatoYK'■ ' what subsidy they would give. T'he'y..■ 1 might strive also to givo something out.: ' of their own funds, £000, say. .11 th« v' > could get the endowment up to £1001) • or more, and with that specially s'.'t aside at interest, and • with the fees., they would get from students, t'liey would bo able to endow a T. G. Maearv thy Lectureship of Economics. If.' would associate the name of Mr. Ma^ai, . thy with tho Collego for over, and would: be tiro most- popular memorial they could get. Possibly the Macaitiiy; Trust might increase tho grant a littiff; ' afterwards.' Tho scheme would bo'a; great benefit, and although he (lid 1 know personally tho views of the Maeaiy tli.v Trustees, ho was suro that thej*: | would sco that it \«m.ld bo a s.ploiidij'l ; memorial, to a public-spirited gentleman)* and a groat example te other wealths: gentlemen to do something for the Oil- . lego. Ho moved that tho Finance Coni'-; miti.eo shoßld soo that a scheme. wd* ! outlined. ! Mr. C. B. Morison seconded i'lie p.ro4 ' posal. lie sva.s entirely in agreement' ' with every word spoken by Sir Robcr(i Stout. He was anro there was nothing, tho country wanted more than a Chair' of Kconeutics. Mr. W. Ferguson: I suppose tho; Finance Ceimuittco will consult tl>u: Professorial Board? Mr. C. Wilson: I don't think, so. It- 1 is for a certain definite purpose. K : ss not a. question of dotail or manapnmenfc in any particular branch of !l:\ college management. I don't tiling; wo should bo asked to bring in the Pro* fossorial Board. It seems to me thai tho Professorial Board is dragged 011 every possible occasion now, \vit:'h' ; . out any necessity. Tho opinion of the: Professorial Board as to tn« advisabil-; jty or not of establishing such a CL..r, is of no more definite value than thai/ of any ordinary well-informed person in' the community, or'of Members of tbif. council, Purely on an occasion like, this wa can lesive this fetish of having to approach tin? Professorial Paard: alone. _ Here wo have a definite pro*' posal by Sir Robert Stont, seconded' by Mr. Morison. If we are grills to liavo out- ojomiort:,.supplanted by that body; why snould'wo sit hi : re at all? ' : Mr. H. H. Ostler: I take ii, that, as' 0110 of the. members of the Finance ; Committee, Wp have every right to call= on any body we like for advice? The' advice of the Professorial Board will b<i of considerable assistance. <Ho;>>y hear.) [ _ Mr. Wilson: T suggest you might jus!; as well ask the opinion of (lie Chamber of Commerce. Their opinion: , on the question of establishing a Chair: ; of Economics will be of far more value,. t Mr. Ostler: I presume we have tho. . ri-sht to consult them if ?;e desire. . Sir Robert Stout's motion was carried. and it was decided to write to the, Public. Trustee to convoy the eriUßriT.s thanks to the trustees for the generous . offer made.