I would differentiate within the total in that universities may have to be bolder in the expenditure of their own funds than they would be in the expenditure of public money, but this I think would be an encouragement to collect some endowments. Secondly, we might also succeed in making them more in favour of higher fees. This is a personal view and I cannot take my Committee with me on this because we did not discuss it in Committee, thinking it was being dealt with by the Public Accounts Committee.
In his letter to which I referred earlier, Lord Bowden said:
I have spent many hours reading the Fifth Report of the Estimates Committee and I hope you will allow me to congratulate everyone concerned in the preparation of what must be counted on any standards a most important State document.
You have unearthed a tremendous amount of information which would not have been available or accessible to anyone else, and the preparation of the summary and the report by presumably some anonymous civil servant is quite masterly. I think in fact that it is in many ways as valuable as the more famous report prepared by Lord Robbins.
Even if we are not very popular with the present Minister and the Minister of State, the right hon. Gentleman's predecessor appreciated our Report, and I thank the House for giving me this opportunity to discuss it.