2. Applications for permission to compete for the Exhibition, accompanied by the necessary certificates, must be sent to the Registrar at least fourteen days before the first day of the Annual Examinations.

3. The Exhibition shall be awarded to that candidate, of those who are allowed to compete, who shall show the greatest proficiency in the First Year Examination of the Arts course.

4. The holder, who shall at once proceed with his studies in the Faculty of Medicine shall receive the sum of £50 per annum for five years; provided that he shall only continue to hold it on the condition that he is diligent and of good conduct, and that he passes creditably all the examinations of his course. In the event of illness of the holder causing prolongation of his course of medical study, the case will be subject to the special consideration of the Senate. The Exhibition is open to students of either sex. The last award was made in March, 1897.

4.-HORNER EXHIBITION.

Founded in 1889 by a bequest of £200 from Francis Horner, Esq., M.A. Awarded for proficiency in Mathematics at the Matriculation Examination. It cannot be held with two other Scholarships in the University. In case of equality in order of merit in competition for the Exhibition, preference shall be given to a student matriculating direct from The King's School, Parramatta, or in the absence of a student from that School, to a candidate from Newington College, Stanmore. £8, tenable for one year.

The Bursaries at the disposal of the University have all been created (on the initiation of the late Dr. Badham, when

Awarded to D. G. Stewart; Strickland being the holder of two Scholarships.
+ Awarded to W. G. Forsyth; Griffiths being the holder of two Scholarships.

Professor of Classics) by private foundations at a cost of £1000 each, together with a margin in some cases to ensure prescribed annual awards amounting to £50; and they are helped, on the part of the Senate, by an accompanying exemption from all lecture fees and the fee for Matriculation,

They were created for the purpose of placing the advantages of education in this University within the reach of students who, whilst giving sufficient promise of benefit, would otherwise be excluded through the want of financial means. And in order to secure privacy as regards the poverty of the candidates and their friends, the nominations are directed to be made by the Chancellor alone.

Other bursaries in greater number have lately been created by the Government in connection with the Public School system, but the University is not concerned in their award, although the Senate has conceded to them a like exemption from fees, upon like conditions.

Some of the Founders indicate a preference for students from the country, but the majority are silent on this subject. In two, they "trust that the Senate will coincide in their opinion that except in cases where religion offers an insurmountable barrier, the bursar shall be required to reside in one of the Affiliated Colleges ;" and in several, it is expressed that the bursaries are "to enable the recipient to reside in one of the Affiliated Colleges, or in some other place approved of by the authorities of the University from which he may attend the prescribed courses of lectures:" but in the great number, there is no corresponding expression. In practice, the Senate has abstained from imposing any restrictions as to residence, not only in the case of bursaries, but of the whole body of students, notwithstanding Section 18 of the Incorporation Act.

In some cases the founders contemplated full bursaries of £50 a year, as for students from the country, though without prohibiting divisions of the amount; but more generally they either expressly allow of awards of £25 a year, or other less sums than £50, or leave the matter open. And of late years the absence of new foundations has created a necessity for extending the usefulness of the bursaries by frequent divisions into halves; and the Senate has granted the same exemptions from fees as in the case of full bursaries.

No bursary is subject to any distinction of creed or of position, except that in one case a preference is expressed, but not imposed, for a student belonging to the donor's own Church, and in another the nomination is confined to sons of a minister of religion, but without distinction of Church; in both of which cases the founder bestowed a second bursary without any restriction.

All the bursaries, except five, which were given by Mr. Thomas Walker, in July, 1881, were founded before women were admitted to the University, and they were ostensibly for men only. But Mr. Walker's bursaries were for both sexes, and his instructions required that women should participate. The practice has since been to observe no distinction of sex.

All the bursaries were founded before the introduction of Professional Schools into the University, except those of Mr. Walker, which were on the verge of such introduction and which referred to a past intention, and all appear to have contemplated only the established three years' course in "Literature, Science, and Art," according to the Foundation Act of 1850. On which ground, and for appropriate and independent reasons, they are not considered to be ordinarily available for students in Professional Schools.

The total number of full bursaries is fourteen, in addition to which two more will eventually be created by means of surpluses which are required to be accumulated for the purpose. This enumeration is exclusive of the Exhibitions of Mr. Watt (3), and Mr. Struth, and of the Levey and Alexander Endowment for graduates, all of which are based on the bursary principle as to inadequacy of means.

The conditions on which the bursaries are conferred are:1. That the Chancellor shall have received satisfactory assurance that the candidate's own means, and those of his parents, guardians, "or other friends" (as expressed in some of the foundations) are insufficient to enable him to bear the cost of attending the University without the assistance of a bursary.

2. That the candidate is qualified by education and capacity to benefit by the University course, with which view some of the earlier foundations required that the candidate should be examined by the Professor of Classics and (in some cases "or") the

Professor of Mathematics and certified by them, or
one of them, to be intellectually fit. But as the
University bursaries are now ordinarily granted after
the Matriculation Examination, or an equivalent at
the Public Examinations, this stipulation has dropped
out of use.

3. That the bursar, if not already matriculated, shall
matriculate at the commencement of the next
Academic Year after his appointment, and shall come
into his attendance on lectures as the Senate may
direct; and that he shall be diligent, and of good con-
duct; and that he shall pass creditably at the annual
examinations during his tenure of the bursary.
4. Subject to the above conditions, the bursary is held for
three years, except when granted to undergraduates
who have already gone through part of the three
years' course, and have then become unable to finish
their course without help, in which case the tenure is
confined to the residue of the ordinary three years'

course.

1. MAURICE ALEXANDER BURSARY.

In 1874, debentures for £1000, at 5 per cent., were given by Mrs. Maurice Alexander for the endowment of a Bursary in memory of her late husband. The annual value is £50.

2.-THE LEVEY AND ALEXANDER ENDOWMENT.

In 1879, debentures for £1000, at 5 per cent, were given by Mrs. Maurice Alexander for the purpose of establishing an endowment in the University, in memory of her late parents, Isaac and Dinah Levey. It is intended for young men who shall have gone through the regular University course, and shall have passed the statutory Examination for the Degree of Bachelor of Arts in the University of Sydney, and graduated with credit to themselves, and who shall then be desirous of entering a liberal profession, but be without sufficient pecuniary means to bear the cost of the necessary preparation and superior instruction.

It is provided that no regard whatever shall be had to the religious creed or denomination of any candidate, provided that his personal character and repute shall be good, and that in determining any such award the only considerations shall be such

as have reference to the character and to the abilities and learning of the candidate, as proved by University Examinations, and to his financial position.

The award is to be made to a Graduate who shall have recently taken his B.A. Degree; but the choice would be given to one who had graduated in Honours.

The professions which are held specially in view are those of Medicine and Surgery, and of Law in either branch, and those of Architects, Surveyors, and Engineers; but full discretion is given to the University Senate to include any other secular profession which shall be deemed by them to be of a learned or liberal character.

It is intended that the graduate selected under this endowment shall enjoy the income for three years, either by one payment of not exceeding one hundred and fifty pounds (when sufficient accumulations are available) for fees or premiums on articles of pupilage; or by half-yearly payments of twenty-five pounds for three years; or partly in each way, as may be deemed by the Senate best for carrying out the objects in view.

3-JOHN EWAN FRAZER BURSARY.

In 1876, debentures for £1250, at 4 per cent., were given by the Honourable John Frazer, M.L.C., for the endowment of a Bursary, of the annual value of £50, to be called after the name of his deceased son, John Ewan Frazer.

4. ERNEST MANSON FRAZER BURSARY.

In 1876, debentures for £1250, at 4 per cent., were given by the Honourable John Frazer, M.L.C., for the endowment of a Bursary, of the annual value of £50, to be called after the name of his deceased son, Ernest Manson Frazer.

5.-WILLIAM CHARLES WENTWORTH BURSARY, No. I.

In 1876, the sum of £1000 was given by Fitz-William Wentworth, Esq., for the foundation of a Bursary, of the annual value of £50, to be called after the name of his deceased father, William Charles Wentworth, Esq.

6.-WILLIAM CHARLES WENTWORTH BURSARY, No. II.

In 1876, the further sum of £1000 was given by FitzWilliam Wentworth, Esq., for the foundation of a second Bursary, of the annual value of £50, to be called after the name of his deceased father, William Charles Wentworth, Esq.; but