The commission appointed to make a new distribution of the university and collegiate revenues of Oxford has finished its work. A "common university fund" has been established to which all the colleges must contribute. This will be applied to various uses, including a provision for pensions for professors. Buildings, tutors and scholarships are to be provided for students unattached to any of the colleges. Ordinary salaries of professors are to be pound900, of some only pound400. Those receiving the larger sum are required to give at least forty-two lectures a year, and to set examinations, etc. The function of the professors is proclaimed to be teaching rather than research. Scholarships are to be obtained as before by competition; but a special fund is to be created for poor students. "These changes," says the Spectator, "are not revolutionary, but they are considerable, and it is of necessity impossible to criticise them, except in the light of future experience."