Sir: Were Thomas Holloway to rise from his grave today to see the results of his endowment, he would loudly cry hurrah. He would find a major university institute on a glorious site of his choosing with an impressive range of new buildings, swarming with students, and academic research burgeoning.
Were a painting to be sold for many millions, I believe he would advise re-investing pounds 1m on 77 carefully selected 20th-century paintings 'for the decoration of the College buildings' which might well induce a similar dilemma for the trustees in 2092.
Yours faithfully,
PETER RICE-EVANS
Department of Physics
Royal Holloway
Egham, Surrey
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