Word: pound103
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...museum (pound15,000, all of which, except the cost of the site, has been paid out of income); an observatory (pound7,500); a new chemical laboratory (pound7,500); the restoration of the Bodleian edifice (pound20,000); the new schools site (pound38,000), and the new schools building (pound103,000), or a total of pound208,000, of which more than one-half was unremunerative expenditure. So far from there being no means of reducing expenditures, there is rather an obligation to increase them, and all this while the loss from agricultural depression is great and the future clouded with uncertainty...
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