Bulletin Supplement Feb 1968

5. Subject to the provisions of the Ordinance and the Statutes and without derogating from the generality of its power, it is specifically prescribed — (1) that the Council shall have the power — (a) to make Statutes, provided that no Statute shall be made until the Senate of the University and the Board of Governors of each College shall have had an opportunity of reporting thereon to the Council; (b) to make decrees for any purpose for which decrees are or may be authorized to be made, provided that no decree shall be made until the Senate of the University and the Board of Governors of each College shall have had an opportunity of reporting thereon to the Council; (c) to invest any money belonging to the University; (d) to borrow money on behalf of the University ； (e) to sell, buy, exchange, lease or accept leases of any real or personal property on behalf of the University; ( f ) to enter into, vary, perform and cancel contracts on behalf of the University ； (g) to require the Board of Governors of each College annually and for such longer periods as the Council may determine from time to time to submit in such form and at such time as the Council may determine estimates of the expenditure necessary to carry out the work of that College ； (A) to require the Board of Governors of each College annually to produce its audited accounts in such form and at such time as the Council may determine; (i) to receive from public sources grants for capital and recurrent expenditure; ( j) to receive gifts ； (k) to make grants to the Boards of Governors of the several Colleges for capital and recurrent expenditure; (l) to provide for the welfare of persons employed by the University as distinct from the Colleges and the wives, widows and dependants of such persons, including the payment of money, pensions, or other payments and to subscribe to benevolent and other funds for the benefit of such persons; (m) to provide for the discipline and welfare of students; (n) to recommend the award of degrees honoris causa; (o) after report from the Senate to establish additional Faculties or to abolish, combine or subdivide any Faculty ； (p) with the consent of the Senate and the Board of Governors of the College in which the appointment is tenable to abolish or hold in abeyance any professorship, readership or senior lectureship; ( q) to prescribe fees of the University. (2) that it shall be the duty of the Council — (a) to elect a Treasurer and to determine his duties; (b) to appoint bankers, auditors and any other agents whom it seems expedient to appoint; (c) to appoint an Administrative and Academic-Planning Committee, consisting of the Vice-Chancellor and the Presidents of the several Colleges; {d) to cause proper books of account to be kept for all sums of money received and expended by the University and for the assets and liabilities of the University so that such books give true and fair statement of financial transactions and position of the Univeristy; ( e) to cause the accounts of the University to be audited within six months after the termination of each financial year as the Council may determine; ( f ) to receive annually and for such longer periods as the Council may determine from time to time from the Vice-Chancellor, after he has consulted the Senate, and to approve estimates of expenditure required to carry out the central activities of the University a s defined in Statute 25 ； {g) to receive annually and for such longer periods as the Council may determine from time to time from the Board of Governors of each College the estimates of expenditure required to carry out the work of that College and approve these estimates with such amendments as the Council deems necessary after consultation with the Administrative and Academic-Planning Committee; ( h) to authorize capital expenditure upon the provision of buildings, libraries, laboratories, premises, furniture, apparatus and other equipment needed for carrying on the central activities of the University as defined in Statute 25; (i) to receive from the Boards of Governors of the several Colleges estimates of the capital funds required to enable the Colleges to provide buildings, libraries, laboratories, premises, furniture, apparatus and other equipment needed for carrying out the work of the Colleges and University, and to approve the same with such amendments as the Council deems necessary; 10