Universities (Scotland) Act 1858

XXI How Parliamentary Grant to be applied.

The Commissioners of Her Majesty's Treasury shall be empowered to pay out of such Moneys as may be provided by Parliament for the Purpose, by Pour equal Quarterly Payments, on the Fifth Day of January, the Fifth Day of April, the Fifth Day of July, and the Tenth Day of October in every Year, such Sums of Money as the Commissioners herein appointed shall recommend to be paid for any One or more of the following Purposes ; (that is to say,)

1.

For providing retiring Allowances to aged and infirm Principals and Professors;

2.

For providing additional Teaching by means of Assistants to the Professors in any Professorships already established or to be established;

3.

For providing Remuneration to the Examiners appointed in pursuance of this Act;

4.

For increasing the Salaries presently attached to existing Professorships and to any other Offices in the University ;

5.

For the Endowment of new Professorships :

6.

For providing full Compensation to the present Holders of Professorships or other Offices for the Loss of Emoluments consequent on the Abolition or Conjunction of such Professorships or other Offices in the present Universities and Colleges of Aberdeen :

And it is hereby provided that the whole of such Payments shall be subject to whatever Rules, Statutes, and Ordinances the Commissioners herein appointed shall from Time to Time see fit to prescribe in reference thereto: Provided always, that all Rules, Statutes, and Ordinances providing for or affecting the Application or Distribution of such Sums of Money shall be laid before both Houses of Parliament, if Parliament be sitting, or if not then, within Three Weeks after the Commencement of the next ensuing Session of Parliament, and shall thereafter be submitted for the Approval of Her Majesty in Council; and no such Rule, Statute, or Ordinance shall be effectual until it has been so laid before Parliament and approved of by Her Majesty.