The degree of B.C.L.—like the Research degrees of B.Litt. and B.Sc.—is open to all who have taken an Oxford B.A., and to persons above twenty-one years of age who have obtained a degree in Arts or in Philosophy or in Science in some other University, and who have satisfied the Board of the Faculty of Law that they will be qualified to pursue an advanced course of legal study.[63] Honours can be obtained only by those candidates who at the time of examination have not exceeded twelve Terms (i. e. three years) from the date of their matriculation. The minimum residence requirement is eight Terms. The examination for the B.C.L. includes the following subjects:— 1. Jurisprudence (and Theory of Legislation). 2. Roman Law:— (1) The principles of Roman Private Law, as set forth in the Institutes of Justinian (to be read in the original). (2) One special subject.—_Either_ Ownership and Possessions (cf. _Digest_ xli. and xxiii. 1) _or_ Theory of Contract generally (cf. _Digest_ xlv. 1). 3. English Law:— (1) Real and Personal Property. (2) Common Law (including Contracts, Torts, Criminal Law, and the Procedure of the High Court). (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:— (_a_) Agency. (_b_) Sale. (_c_) Easements and Profits-à-prendre. (_d_) Specific Performance. (_e_) Criminal Law. (_f_) Evidence. 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.’