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Report On The Inspection Of Chiefs College 1937PDF 17
44 pagesrevision 6909
PDF 17
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12
in this systom that x boarding house may assume tho form of a commodiens
hotel rather than thet of an institution which preserves close contact between
itsiesidonts, Tn addition, the abuso resulting from the employment of Jarge
numbers of private servants can scarcely he oxnggerated, The presence of
suoh sorvants, who receive their remunoration from sources outside the College,
must always bo a menace to good disciplins, while tho not unnatural desire
of sorvants to please their youthtul masters cannot but lead to sycophancy
and other distressing defects of charactor. .
The introduction of common messing arrangomonts under the direct
contral of the College is therefore ossential to its welfare, It isan achievement
that this salutary change has beon introduced into ag many assix of the nino
hoarding. houses, four of theso having boon added since the date of tho Inst
inspoction ; but the College cannot be regarded ag being ina really healthy
condition until the practico of common mossing has heen mado universal,
10. Tho College is also fortunate in the state of its finances,
In the first place, it is richly endowed, Tho total amount of endowments
invested in securities is Ry, 13,09,000, while that of the Post.Diploma Fund is
Rs, 1,83,000. In addition, cortain States relieve the College from the cost of
maintaining the boarding houses.
The donations promised or paid to the Inbiles Eudowmont Fund now
amount to Rs, 3,406,250, This Fund is designed not only (o strenuthen the
financial position, of tho College jut also to provide an insurance against the
uncortainties of tho future, especially in tho matter of Government grant,
11, Tho rovisod Budgot of the Maya Colloge Fund for 1993-3! closed with
a balance of Rs. 2,66,006 as compared with one of Ra, 1,88,087 in 1932-33, The
large credit balance for the year amounting to Rs. 77,919 is partially accounted
for by the inclusion of nn item of Rs, 25,000 under donrtions to the Jubilee
Endowmont Fund, which should have been excludad from tho reckoning,
‘Tho main sourees of income are -—
Ra.
Intereat on Endowments. . . . . . . 64,030
School Fees. . . . - . - . . 37,760
Contribution from Government . . . . . . 558,190
Contribution from States . . . . . . . 4,730
Tho rovisod budget of the Post-Diploma classes for 1933-34 closed with o
credit balanco of Rs. 1,39,192 os against Rs. 1,36,272 in tho provious yoar.
The total recoipts for the year 1934-95 ate estimated at Rs. 35,200.a8 undor :-—
Rs:
Donations froin Princes. ee ee 16,600:
Tnterest on unutilised amounts. . . . . : 7100
Fees soe et 12,500
36,200
2
The accounts of tho Colloge are now audited by Messrs. A. F. Ferguson
and Co., Chartored Accountants, an innovation which has: been introduced
sinco the timo of the last inspection..
12. Though the financial position ot tho Collogo is goncrally satisfactory+
there aro‘disquioting featuros.
’ Only a very.small proportion of tho rovonue is dorivod from foes ; by far
the lurger proportion is receivod. oither from intorost on ondowmoents:(s stable
factor) or Pon Government contributions (an unstable ‘factor).
" Tho rates of foos vary very widely. In addition to subscriptions towards
the modical, games,and stationery funds, boys from Rajputena pay a
minimum fee of Rs. 10 per mensem; thosc from Contral India pay from
Rs: 300.t0 Rs. 600 per annum according to thd Glass in which cach is onrolicd ;
those outside Rajputana and Central India pay anything betwoon Bs. 450
AY