Salient. An Organ of Student Opinion at Victoria College, Wellington, N.Z. Vol. 13, No. 10. June 1st, 1950
Even before Capping Day last when Mr. Holland sprang on an unwary public the news of his latest efforts to make the pound buy more, the economic position of students, as of wage-[unclear: earners,] was lukewarm. The official Abstract of Statistics for 1948/59 showed that the proportion of the National Income going to the wage and salary earners had dropped by 14 per cent, at compared with 1938/89, and trade unions were asking for a general increase in wages. Similarly, at Easter Conference of the N.Z. University Students' Association this year, requests for an increase in Junior and Senior Scholarships to meet rising living costs, was added to a revival of the 1948 Bursary Scheme proposed by the New Zealand Student Labour Federation.
In that year, the S.L.F. National Executive put forward a proposal for an "Improved and Rationalised Bursary Scheme." It began by reviewing the current position. Even then. Ordinary National Bursaries £20 p.8., 2342 granted in 1947); Boarding Bursaries (£50 p.a.); Special Bursaries (£40 p.a., 165 granted in 1947 including Medical and Dental bursaries; Secondary Teachers' Bursaries were added; numbers granted have been reduced); University National and Junior Scholarships (formerly £60 p.a., about 40 granted); and the research and other post-graduate scholarships, were felt to be inadequate in themselves as well as complicated as a whole.