The Board and Visitors have now the power of altering the subjects for the Scholarship Examination, and by a recent Statute the tenure of the Scholarship has been limited to five years. 10. Twenty Senior and twenty Junior Exhibitions of £25 each tenable for two years have been founded, and they are open to students without respect to creed. 11. No distinction is now made between Pensioners, Fellow Commoners, and Noblemen as to the course of education required for the B.A. degree. 12. The formal exercises then required for the different degrees have been discontinued, and (except the M.A. degree) all the higher degrees have been made real tests of merit. 13. Full power to admit readers to the College Library has been conferred upon the Provost and Senior Fellows. 14. An auditor of the College is now appointed by the Visitors, and an audited balance sheet and account of income and expenditure is annually presented to them, and is open to the inspection of all members of the Corporation. 15. The Bursar is now paid by salary and not by fees, and local land agents have been appointed in cases in which the occupying tenants hold directly from the College. 16. The College officers formerly paid by fees are now paid by salaries in proportion to the services performed by them. 17. There has been a gradual reduction in the number of Non-Tutor Fellows created by the Statute of 1840. These form the great majority of the recommendations of the Royal Commissioners. In addition to these alterations some considerable improvements were effected by the Royal Statute of the 18th Victoria. The whole of the College Statutes were carefully revised, and the obsolete and injurious enactments were repealed. The power of assigning or of transferring pupils from one tutor to another, which Provost Hutchinson attempted to exercise in an arbitrary manner, was removed from the Provost and vested in the Board; and to the Board, with the consent of the Visitors, was given the power, which they had not before, of founding new Professorships and offices, and of assigning salaries to be paid to them from the revenues of the College.