§ 60. Mr. G. Thomasasked the Chancellor of the Exchequer what reports he receives on the expenditure of the University Grants Committee; and what safeguards are employed by him to ensure the proper use of public funds.
§ Mr. H. BrookeMy right hon. Friend looks to the University Grants Committee, which is appointed by him and in which he has full confidence, to supervise the use made by the universities of the grants made to them by the Treasury on the Committee's recommendation. These grants are borne on the Universities and Colleges Vote, for which the Treasury accounts. The Committee publishes a five-yearly review of university development, and an annual summary of the statistical and financial returns made to it by universities and colleges. The Committee also reports fully to my right hon. Friend on the occasion of his quinquennial review of university finance, as well as on any special problems on which he may require its advice from time to time.