(3) Equity (with special reference to Trusts and Partnership).

(4) One Special Subject to be selected by each Candidate for himself from the following list:—

4. International Law or the Conflict of Laws.

CHAPTER VII
EXPENSES

The question of Expense, like many other Oxford questions, is very difficult to discuss within the limits of a general statement. And yet this has arisen with probably greater frequency than any other single question since it was announced that the Rhodes Scholarships were to have an annual value of £300. Is Oxford expensive? How far will £300 carry a man? Why and how do the various Colleges vary in expensiveness? What are the necessary expenditures?

In one of its memoranda (U.S.A.) the Rhodes Trust makes the following statement:—

‘The sum of £300 is no more than is necessary to cover the expenses of the year, including Vacations as well as Term. A Scholar must not therefore count on his Scholarship as leaving any margin—least of all in his first year, in which, owing to unavoidable initial payments, expenses are heaviest. Experience suggests that a Scholar should start his Oxford career free from financial embarrassment.’

Mr. Wells, in his chapter on expenses of Oxford Life,[64] discusses and gives reasons for the various financial demands which the average student has to meet. Stripped of the discussion, his opinion is, ‘it may fairly be said that a man who wishes to live like other people, but is willing to be careful, may be at College for about £160[65] a year, out of which he can pay for his clothes, travelling, &c., and find himself in pocket-money.’ But this, of course, implies that he has a home at which to spend his Vacations, while no allowance is made for travelling in Vacation.