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At the same time it was recognized that our major budget difficulty arose from the large number of entrance awards of more than one year's duration (in 1993/94 $577,250 of a budget of $2,317,006 was needed to fund continuing entrance scholarships).
If the total of the Graduate Fellowship and the other support exceeds $20,000 per annum, the value of the Graduate Fellowship will be reduced so that the total equals $20,000.