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[image: College coat of arms with ribbon: SPIENTIA ET DOCTRINA STABILITIAS]

quarter of a million dollars must be raised to endow
chairs, lectureships, and tutorships, to build an additional
Science Hall, and to meet loss of income owing to the
lapse of our five year list of subscription and the steadily
declining rate of interest." It was also proposed:

(1) That this endowment be known as the Jubilee Fund,
and be a commemoration both of the Jubilee of the Queen
and the University, inasmuch as the movement to establish
Queen's commenced in 1837, though the first money
was not collected till 1839.

(2) That it should consist of
500 shares of $500 each, and that a subscriber should be
responsible for the share or shares taken by him, not
sooner than December 1888, but not at all, unless the
whole 500 are taken: and that from that time he
became responsible for a share he would have to pay
$30 of interest on or before 1st December 1888, unless he
had paid his $500, and so on from year to year-interest
being on the amount of capital unpaid.

(3) That a certain number of shares should be divided into fifths, each
representing stock in the Jubilee Fund and the University to
the amount of $100, or $6 a year :

(4) That a number of persons or a congregation may become responsible for a share
or shares:

(5) That contributors to the Jubilee Fund should be
ex-officio members of the Queen's University Endowment
Association, and that the same educational privilages
be connected with their subscription as the by-law

[image: morrocan lamp]

1886-87

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