ivided it between the Bursar and the two Lecturers in
proportion to the amount of salary in arrears, and as a result the
Lecturer in French, M. Montier, received L2 14s. as his share from
January 1st, 1848, to November 29, 1848. That was the full amount of
salary received by him during the year; but he still had his cow and his
garden! As if to increase the worries of the College authorities the
College buildings caught fire on January 24, 1849. Fortunately the
damage was only small, but any damage, however trifling, could at that
time be ill-afforded. To add to the embarrassment, several of the few
students enrolled failed to pay their fees, and the Bursar could not
collect them. In February, 1849, he was in urgent need of funds, and on
the 13th he sent out to the student debtors appealing letters of which
the following is typical: "I beg that you will pay your fees this week
if possible, as I have a heavy College claim to meet on Saturday without
the wherewithal to pay it." He supported this appeal by letters to
parents, "I beg that you would be good enough to pay your son's College
fees on or before Saturday next, as I have a heavy College debt to pay
on that day and not sufficient funds to meet it." These appeals were not
always successful, and the revenue from this source remained indefinite.
In the spring the students who had paid their dues were not given back
the caution money they had deposited because "no funds were available."
There is a record of one student, more persistent than the others, who
was difficult to placate. He was finally promised that his "caution
money would be refunded when possible," and he was assured that "funds
would soon be available because the Statutes would soon be ratified."

The gross revenue available to the College in 1849 was L494, made up of
L70 from the rent of Burnside House, L274 from rents of building lots
and other lands, and L150 from the rent of a large stone building known
as the King's Arms or Mack's Hotel, situated on Jacques Cartier Square,
formerly Nelson's Market. The rent of this latter building was first
L250 a year, but from depreciation in value because of the removal of
the Market it had decreased by L100. After deducting the amounts
required for insurance, etc., the net revenue was only about L440. Only
thirteen students were in attendance; two of these had obtained
exhibitions and were admitted free, and the income derived from the fees
of the remaining eleve