THE boat-house has at last passed out of the hands of the H. U. B. C. into those of the College, and the work of remodelling the building is to begin immediately. The change is for the better, and a new impulse will be given to boating. The Corporation has made no present to the H. U. B. C., but their action is as liberal as could be expected, considering both their own position as to the funds at their disposal, and their knowledge of the manner in which business in general is carried on by undergraduates. We are not and probably never shall be sound financiers, yet there is some little hope that we shall not in the future be as extravagant in boating matters as we have been in the past. A new era in boating began with the building of the boat-house in 1869, -an era of excessive expenditure and of much defeat. Before this time the boats had been housed in wooden sheds of the cheapest construction, and the crews had always paid their own expenses. But those good old days are gone. Rowing has become a science, and training-tables uniforms, hats, and sundry other items have swelled the cost of a crew into the thousands. Ten years ago the undergraduates gave the "Varsity" its boat. What does it not give them now?