ors, and
refused to co-operate with them.

"Between the Governors and the Board of the Royal Institution certain
differences do also exist in respect of the possession of the funds of
the College, now held in trust by the Board. The Governors are of
opinion that such funds should be unreservedly handed over to them. The
Royal Institution, acting on the opinion of eminent Counsel, and holding
that in this course they are supported by manifest expediency, as well
as Law, decline to make such transfer. The knowledge of the Public that
such differences exist is also stated as one ground of the want of
public confidence in the Institution.

"A more full and accurate account of the whole investigation, contained
in the Minutes of the Board, is herewith respectfully submitted for Your
Excellency's information; but such, we have to state to Your Excellency,
is generally the disorderly and inefficient state of an Institution from
which the public looked, and were justly entitled to look, for great
benefits.

"The remedy for existing evils is, it appears to the Board of Visitors,
to be sought in various quarters. In part, it rests with the Board
itself to apply a remedy; and, in so far, they are prepared to act
without delay.

"The differences between the Board and the Governors may be settled by
an amicable suit in a Court of Law; or by the opinion of the Law
Officers of the Crown. The Board have repeatedly expressed to the
Governors their desire to have the matter so decided.

"And the debts of the Institution the Board are also prepared to
liquidate, though in doing so they must of necessity trench deeply on
the capital in their possession.

"And the changes of the Institution itself, which the Board consider
necessary, and which it is more immediately the province of the
Governors to effect, are these:

"1st. To obtain the services of an able and efficient Principal,
possessing the public confidence, who should reside in the College, and
take an active part in the education of the students.

"2ndly. To dispense with the Office of Vice-Principal altogether, which,
in that case, would be unnecessary, and to confine Professor Lundy's
duties entirely to the work of Classical Instruction.

"3rdly. To dispense with the Office of Bursar, and require the nowise
onerous duties thereof to be performed by some of the Resident Officers
of the College.

"4thly. To dispense with the services of a Classical Tutor till the
atte