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    live on half exhibitions . Mr . Payne and Mr . Ryland having : completed their course of education , hare left the College : and on the vacancies thus occasioned * Mr . Edward Higginson and Mr . Francis

    Darbi shire have succeeded to the full exhibitions . Mr . Russell , a Divinity Student on the foundation of the Hackney Education Fund , has retired from the College , and his place has been supplied by Mr . Joseph Ketley .

    The number of Divinity Students in the College , at the commencement of the present Session , was twenty , viz . Messrs . Mitchelson , Beard , Brown , Wreford , Tagart and Worthington , iu the last year of their course ; Messrs . Howaith , Aspland and Lee , in the fourth ; Messrs . Talbot , Martineau and Ketley , in the third ; Messrs . Rankin , Squire ,

    Higginson , Darbishire and Philipps , in the second ; and Mr . Thomas Davis , son of the Rev , Timothy Davis , of Oldbury , ( on the Hackney Education Fund Foundation , ) and Mr . Samuel Cockroft , of Kendal , in the first ; the latter of whom , the Trustees regret to state , has since been obliged , in consequence of ill health , to retire from the College . There are also ten Lay Students .

    At this Meeting the Treasurer ' s accounts were produced and read , duly audited by Mr . Samuel Kay and Mr . Benjamin Heywood , and were allowed . The Trustees have the satisfaction of stating that the report of the state of the funds was a favourable one . The receipts for

    the year 1823-4 have been so far satisfactory as to enable them , after discharging the current demands of the year , to clear off the arrear of the former year , and to make the customary appropriation to the Permanent Fund for covering the progressive deterioration of value in the building property .

    There has been a small increase in the Aunual Subscriptions ; the Congregational Collections have amounted to 210 / . 6 s . 4 d . ; the Receipts from Fellowship Funds to 31 / - 10 s . ; and the Benefactions to 313 / . 14 * . ; the latter amount includes a donation of Fifty Pounds ' from Mrs . Toogood , of Sherborne , in Dorsetshire , and another for the like sum from an

    anonymous female friend . The Trustees have also to acknowledge the receipt of 165 / . 12 s . l \ d . from the executors of Mrs . Hannah Webb ,-of Barrington , Somersetshire , relict of Francis Webb , Esq ., the produce of a legacy , bequeathed by that lady to the Treasurer , " for the benefit of the Institution . "

    it was stated iu the last report that the Committee were in treaty for the purchase of an estate near Kirby Moorside , hi Yorkshire , as an investment for the

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    Permanent Fund . This purchase has since been completed , and the Committee are now in possession of the estate . The great depression which had taken place in the value of landed property , combined with the high price of the funds , and the small rate of interest to be got for money , seemed to point out that the moment was

    particularly propitious for an investment of this nature ; and it is hoped that the selection which the Committee have made , of the estate in question , will prove a valuable addition to the real property of the College . The purchase considerably exceeds the amount of the funds at present available , but the eligible nature of the estate made the Committee feel

    unwilling not to secure it ; the objections to making a purchase beyond the existing means were not overlooked , but they did not appear on consideration to be of a formidable nature , whilst such a step seemed to carry with it some prospective advantages . The Committee moreover felt the difficulty of postponing the purchase till an estate should offer of the

    precise value required , and which should be suitable in point of situation and in all other respects to their wants . By the existence of a temporary debt on the estate , the Trustees will be spared the necessity of looking out for further investments , for a considerable time to

    come , for those gradual accumulations for replacing the progressive decrease of value in their building property , which the policy of the Trustees has so long sanctioned , and by which the permanent value of the College estates can alone be maintained . These accumulations will

    by degrees discharge the debt , and the advantage of possessing a compact estate of considerable value , rather than different detached properties , will then be obvious . The arrangements which have been made for obtaining the required pecuniary accommodation , cannot fail , it is

    hoped , to prove as satisfactory to the Trustees as they have done to the Committee . The purchase-money is 9000 / ., towards which it will be necessary , for the present to borrow 4000 / . ; nearly the whole of which sum has been most handsomely offered to the acceptance of the Committee by various friends , in sums of 200 / . each , at an interest of 3 § per cent *

    per annum ; the principal to be repaid by instalments , at the convenience of the Committee , but at a rate of not less than 5 per cent , per annum . As the rental of the estate is likely to produce 3 ^ per cent , on the purchase , it is expected that no loss of income will be occasioned by the circumstance of a part of the money requiring to-be borrowed .

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    S ? 4 , Intelligence *—Manchester College , Yorh

• Citation
  • Monthly Repository (1806-1838) and Unitarian Chronicle (1832-1833), June 2, 1825, page 374, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/mruc/issues/vm2-ncseproduct2537/page/48/