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SAPIENTIA ET DOCTRINA STABILITAS

£ 15, 000 to £ 17, 000. Cy., while the number of Students was less than
40, it was to be expected, as the framers of the Act certainly did
expect, that, after making ample provision for the suppotrt of the
University and University College, of two thirds of the income, even
then more than £ 10, 000 Cy. a large surplus would remain to
aid Academical Education in other Colleges which it was proposed
should be affiliated to the University. The expectation was a rea-
sonable one, as the result of the observance of the terms, and intention of
the Act for a year of two shewed. In 1855 the surplus fund amount-
ed to no less than £ 6, 580. Cy. The new Act, however, had most
unwisely constituted so many of the Professors of University College,
along with the Principal of Upper Canada College, members of the
Senate of the University, that they formed a majority of the number
of the quorum fixed for the meetings of that body, which its members
outside of Toronto seldom attended. In this way, it was virtually left
in the first place, contrary to the declared intention of the Act to make
a complete separation between the Examining and Teaching Bodies, in
the power of the University College Professors, to appoint the Exam-
iners of their own Students as well as those from other Colleges which
might become affiliated: And in the 2nd place, the Authorities
of University College were thus enabled so to direct
the proceedings of the University Senate, that in a few years

1859-60