The advisory powers of the Boards are very real, for the expenditure of all moneys out of the Endowment funds is subject to their concurrence.

Hence, while they have not specific administrative powers and apparently have only the right of veto, it is obvious that, if they wished, they might largely force their own views upon the Department by refusing to sanction the expenditure of money upon any of the Department's proposals, until these were so modified as practically to be their own proposals.

It is, therefore, clear that the machinery can only work harmoniously and efficiently so long as it is moved by a right spirit.

Above all it is necessary that the central administrative body should gain such a measure of popular confidence as to enable it, without loss of influence, to resist proposals for expenditure upon schemes which might ensure great popularity at the moment, but would do permanent harm to the industrial character we are all trying to build up.

I need not fear contradiction at the hands of a single member of either Board when I say that up to the present perfect harmony has reigned throughout.