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8
(6) The most disquieting feature, which agitates the mind of those closely
connected with the institution, is its finance,
The Principal, Mi. Barry, has reduced tho deficit from Rs. 12,224 in
1931-32 and Rs. 11,696 in 1932-33 to Rs, 5,300 in the current year by making
drastic retienchment in every possible way. Theso rotrenchments cannot
bo allowed to becomo permanent without serious consequonces both to the
efficioncy of instruction and to the College property. The English staff has
heen reduced in number from 3 to 2 and essontial works of ropairs to College
buildings and roads, playing fields and clectrical wiring, ete., are suspended,
These cannot, however, bo postponed indefinitely, but if they are taken in
hand the College will be faced with a deficit of Rs. 30,000 noxt year. Thus
it appears that the finances of the Collogo arc ina bad way and it may be
said to bo hoading for bankruptcy.
The income of the College from fees is Ra. 46,000 and from donations,
ants, subscriptions and from the income-carning Departments of tho
‘ollege, etc., is Rs. 55,950. Thus the latlor income oxceeds the former by
Bs. 9,000 but donations and grants from Princes cannot be said to be constant
or assured, nor is it sound finance to balance a budget on the strength of such
variable income,
The total income from investments and endowments is Rs. 14,000 per
annum, bat this entire income is not enough to meet the cost in fecs of scholar-
ship-holders which amounts approximately to Rs. 24,000 per annum. Thus
it would appear that thore is a clear deficit under this head of approximately
Rs. 10,000 per annum as an encumbrance on the Colloge finances.
The intention of o scholarship is to cnablo a student to study at
Aitchison College without having to pay foes of any kind. 30 such scholar-
ships were endowed when the rato of focs was Rs. 25 per mensem and the
intorest on oach scholarship was thon sufficient to meet the loss of fee income.
Since that dato, howevor, the rate of fees has I-cen considerably inereased and
now varios from Rs. 55 to Rs, 85 per mensem; but the total intorest on
Scholarship Endowments hes remained constant. This means thore is a
dead loss on every scholarship amounting to Rs. 30 in the casc of the minimum
grade of fee and Rs. 60 in the maximum grade of feo.
The only solution appears to me to re-errange the scholarship endow-
ments and to re-allot the total interest to a smaller number of scholars.
But before this can be dono, certain legal difficulties will have to to
surmounted. as there is a Trust Deed in the case of each scholarship.
Iam not competent to offer any suggestion as to how to oxtricat®
the college from the financial morass into which it has fallen, but it seems
to me that unloss financial assistance is forthcoming by way of grants-in-aid,
donations or increase in foes the future cf the institution is very gloomy.
A further inoroase in grants-in-aid does not appear to be justified in view
of the smail number of boys from Indian States and aristocratic familics
who take advantago of the institution, Donations appear to be om the
decrease, as—apart from financial stringency—the Ruling Houses are taking
less and loss interest in the College ; ina recent case the Maharaja of Jind
has withdrawn his patronage by sending his sons to Mayo College, Ajmer.
Increase in toes will only keep more boys away. ' *
The only other alternative appears to be to liberaliso admission and to
reduce the scale of foes in order to attract a considerable number of boys
from outside the limited class for which the College now caters.
The prosent staff of the College is sufficient to moet the needs of at least
200 boys. For 75 boys thore are at present. about 12 mastera on the teaching
staff apart from religious teachers and clérks, ctc.,,and this number cannot
be reduced because of the variations in the ages and capacitios of pupils in
each individual class. In the-Government High Schools the minimum number
of boys allotted to one teacher is 25,
Thus it would appear that bya largely-increasod enrolmontof boysin the
College expenditure on teaching will not materially ‘be enhanced, while income
in fees will greatly increase.