Don't Sell the Books, says the Royal College of Physicians
January 7 2021
Posted by Adam Busiakiewicz:
The Royal College of Physicians in London has backtracked from a proposal to sell of their historic rare books collection, for now. This proposal had been put forward after the institution was facing a £14m drop in income for 2020.
To quote a paragraph found in a full statement from the college:
The Board of Trustees acknowledges this concern [surrounding the sale of books] and, while as the governing body it has the authority to progress with the plans, trustees have agreed to delay such a sale for the immediate future. Trustees have taken this decision because after much hard work, potential ways to achieve a balanced budget for 2021 have been identified, although these will result in reduced activity in some areas. All financial avenues will continue to be explored, including continuing to review risks and explore appropriate mechanisms for any potential sale of non-medical assets in case it should be required in the future.
