The bursary regulations at present in force were framed at a time when the first section of a degree could not be taken till the end of the second year of the candidate's course. Experience has shown that the regulations have become defective in some important respects and the new regulations aim at removing these defects. The object of the regulations is to insure the greatest possible freedom to the student who is making good use of his opportunities and to terminate at once the bursary of anyone who has shown that he is not equal to the work or that he is not alive to the responsibilities of a bursar. The following points in the new regulations should be carefully noted by all bursars:—

(1)	Award of the bursary may be made at any time within two and a half years after the qualification has been obtained, but bursars should not apply till they are ready to attend the University See 5 (a).
(2)	A bursary may be postponed or suspended for one year, but no longer.
(3)	The bursary may be held for three years, with a possible extension to a fourth year, but this period includes the years during which the holder has had the advantages of free university education under any other scholarship or studentship.
(4)	The bursary may be used for only one university course and, without the consent of the Professorial Board, no bursar will be allowed to change his course from one university degree to another.
(5)	Every bursar must— (a) Within three months of the award of the bursary enter a university college; (b) in each year attend the lectures of his course and make satisfactory progress therein; (c) in each year pass the university examinations in the minimum number of subjects required for a section in his course;