Salient. Newspaper of the Victoria University Students' Association. Vol 42 No. 14. July 2 1979
Reserves
Reserves
Some other universities have met the cuts by eating into their reserves. That's what reserves are for, after all. But at Victoria, uncommitted reserves stood, at the time of the last university budget, "at a mere two percent of our annual expenditure" (Tomlinson's report to Council.) The administration has taken the view that it would not be prudent for them to be reduced any further.