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Annual Report 2014

Page 1

Annual Report

2014

Annual Report

The

The Cambridge History of Australia Volume 1, Indigenous and Colonial Australia

Alison Bashford is Professor of Modern History at the University of Sydney and has been elected Vere Harmsworth Professor of Imperial and Naval History, University of Cambridge.

Cambridge

THE CAMBRIDGE H I S T O RY O F

History of

CONTENTS

Australia

Part I 1 The past 50,000 years: an archaeological view Peter Veth & Sue O’Connor 2 Newcomers, c. 1600–1800 Shino Konishi & Maria Nugent 3 Convict transportation in global context, c. 1700–88 Emma Christopher & Hamish Maxwell-Stewart 4 The early colonial presence, 1788–1822 Grace Karskens 5 Expansion, 1820–50 Lisa Ford & David Andrew Roberts 6 The advent of self-government, 1840s–90 Ann Curthoys & Jessie Mitchell 7 The gold rushes of the 1850s David Goodman 8 Colonial states and civil society, 1860–90 Stuart Macintyre & Sean Scalmer 9 Rethinking the 1890s Melissa Bellanta 10 Making the federal Commonwealth, 1890–1901 Helen Irving

Stuart Macintyre is Ernest Scott Professor of History in the School of Historical and Philosophical Studies at the University of Melbourne, Australia.

Part II 11 Environmental transformations Andrea Gaynor 12 Population and health Janet McCalman & Rebecca Kippen 13 The economy Lionel Frost 14 Indigenous and settler relations Tracey Banivanua Mar & Penelope Edmonds 15 Education Julia Horne & Geoffrey Sherington 16 Law and regulation Mark Finnane 17 Religion Anne O’Brien 18 Colonial science and technology John Gascoigne & Sara Maroske 19 Gender and colonial society Penny Russell 20 Art and literature: a cosmopolitan culture Robert Dixon & Jeanette Hoorn 21 Empire: Australia and ‘Greater Britain’, 1788–1901 Deryck M. Schreuder 22 Colonial Australia and the Asia-Pacific region Marilyn Lake 23 The Australian colonies in a maritime world Cindy McCreery & Kirsten McKenzie

for the year ended 30 April 2014

Volume 1 of The Cambridge History of Australia explores Australia’s history from ancient times through to Federation in 1901. It begins with an archaeological examination of the continent’s Indigenous history, which dates back 50,000 years. This volume examines the first European encounters with Australia and its Indigenous people, and the subsequent colonisation of the land by the British in the late eighteenth century, providing insight into the realities of a convict society and how this shaped the nation’s development. Part I traces the dynamic growth in Australia’s economy, demography and industry throughout the nineteenth century, as it moved towards a system of liberal democracy and one of the most defining events in its history: the Federation of the colonies in 1901. Part II offers a deeper investigation of key topics, such as relations between Indigenous people and settlers, and Australia’s colonial identity. It also covers the economy, science and technology, law and literature. This volume is informed by a geographic sensibility: land emerges as a central theme in Australian history, shaping its political, legal and social past; and the authors examine regional and Australian– Pacific ideas of history and identity.

Volume 1

AU S T R A L I A

Indigenous and

VO LUM E 1

Colonial

Australia

I N D I G E N OUS A N D C O L O N I A L AU S T R A L I A

E D I T E D BY

A L I S O N BA S H F O R D S T UA RT M A C I N T Y R E

VOLU M E I V

of German Emeritus in the University of

Religion

Cambridge, and a Fellow and former President

Boyle, Disley and Adams

The Impact of Idealism N ICHOL A S BOY L E is the Schröder Professor

of Magdalene College.

The first study of its kind, The Impact of Idealism assesses the impact of classical

Department of German and Dutch at the

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University of Cambridge.

German philosophy on science, religion

magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. NA M E OF EN DOR SER Affiliation of endorser affiliation of endorser affiliation of endorser

and culture. This volume explores German Idealism’s impact on theology and religious ideas in the nineteenth, twentieth and twenty-first centuries. With contributions from leading scholars, this collection not only demonstrates the vast range of Idealism’s theological influence across different centuries, countries, continents, traditions and religions, but also, in doing so, provides fresh insight into the original ideas and

Endorsements to follow. Lorem ipsum dolor

themes with which Kant, Hegel, Fichte,

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Schelling and others were concerned. As well

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as tracing out the Idealist influence in the

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work of nineteenth- and twentieth-century

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theologians, philosophers of religion, and theological traditions, from Schleiermacher to Karl Barth to Radical Orthodoxy, the essays in this collection bring each debate up to date with a strong focus on Idealism’s

affiliation of endorser affiliation of endorser Endorsements to follow. Lorem ipsum dolor

Back flap: Goethe’s colour wheel, or “Farbenkreis”, 1809, illustrates his theory of colour. It is the official logo of the Impact of Idealism International Network.

The Legacy of Post-Kantian German Thought VOLU M E I V

Religion

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VO L U M E I V C O N T E N T S

Introduction: the impact of Idealism on religion Nicholas Adams 1

The impact of Idealism on Christology from Hegel to Tillich Martin Wendte

2

German Idealism’s Trinitarian legacy: the

3

German Idealism’s Trinitarian legacy: the

4

Kierkegaard, Hegelianism and the theology

nineteenth century Dale Schlitt

twentieth century Dale Schlitt

of the paradox Joel D. S. Rasmussen 5

Biblical hermeneutics from Kant to Gadamer Nicholas Boyle

6

Cambridge Aesthetic Idealism and its relation

Language Learning with Technology

Handbooks to theological formation: reception and

Ideas for integrating technology in the classroom

for Language Teachers

critique Cyril O’Regan 7

The autonomy of theology, the moment

Series Editor

of Hegel and theScott impact of German Thornbury Idealism John Walker 8 9

Faith and reason Nicholas Adams Rabbinic Idealism and Kabbalistic realism: Jewish dimensions of Idealism and Idealist dimensions of Judaism Paul Franks

contemporary relevance.

NA M E OF EN DOR SER affiliation of endorser

Jacket illustration: Caspar David Friedrich, Winterlandschaft mit Kirche (Winter Landscape with Church), 1811 © Corbis.

Edited by Nicholas Boyle Liz Disley Nicholas Adams

The Impact of Idealism

10 ‘In the arms of gods’: Schelling, Hegel and the problem of mythology

VOLU M E IV

George S. Williamson 11 Dialectic and analogy: a theological legacy Rowan Williams

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J A C K E T D E S I G N : J A C K I E TAY L O R

NA M E OF EN DOR SER affiliation of endorser affiliation of endorser affiliation of endorser

PR I N TED I N THE U N ITED K I NGDOM

Graham Stanley

C M Y K PMS549C CER:MacAndrew, Man Hunt

Cambridge English Readers is an exciting series of original fiction, specially written for learners of English. Graded into seven levels – from starter to advanced – the stories in this series provide easy and enjoyable reading on a wide range of contemporary topics and themes. Visit the Cambridge English Readers website for free resources, including a worksheet for this title: www.cambridge.org/elt/readers Audio recording on 3 CDs

S Starter/Beginner 1 Beginner/ Elementary Lower-intermediate 2 Elementary/ 3 Lower-intermediate 4 Intermediate 5 Upper-intermediate 6 Advanced

CEF

ESOL

A1 A2 B1 B1 B2 C1

KET PET PET FCE CAE

•

Restructured to align more closely with teaching in field All new case law developments explored Introduction of leading practitioner to author team offers additional expertise Retains comprehensive coverage, rigorous analysis and pedagogical features which ensure its marketleading status

Contents 1. International trade and the law of the WTO 2. The World Trade Organization 3. WTO dispute settlement 4. Most-favoured-nation treatment 5. National treatment 6. Tariff barriers 7. Non-tariff barriers 8. General and security exceptions 9. Economic emergency exceptions 10. Regional trade exceptions 11. Dumping 12. Subsidies 13. Technical barriers to trade 14. Sanitary and phytosanitary measures 15. Intellectual property rights 16. Future challenges

Richard MacAndrew

The police are in a race against time to catch the murderer before he kills again. And again…

• •

Werner Zdouc has been Director of the WTO Appellate Body Secretariat since 2006. M. Zdouc obtained a law degree from the University of Graz in Austria. He then went on to earn a PhD from the University of St Gallen in Switzerland, and afterwards an LL.M. from Michigan Law School. M. Zdouc joined the WTO Legal Affairs Division in 1995. He moved to the Appellate Body Secretariat in 2001. Currently, he is also a lecturer and visiting professor of international trade law at Vienna Economic University and the University of Barcelona. From 1987 to 1989 he worked for governmental and nongovernmental development aid organisations.

WORLD TRADE ORGANIZATION

‘The first killing went well. Perfectly, in fact. Though I always knew it would. I had planned it well. Arrangements, organisation – these are things that I’m good at. Now I’ve discovered I’m good at killing too.’

•

The Law and Policy of the

WORLD TRADE ORGANIZATION The Law and Policy of the

Genre: Murder Mystery

4

THIRD EDITION Peter Van den Bossche has been Member of the Appellate Body of the World Trade Organization since 2009. He is Professor of International Economic Law at Maastricht University, The Netherlands, and visiting professor at the College of Europe, Bruges; the World Trade Institute, Berne; the University of Barcelona; and the China–EU School of Law, Beijing. From 1997 to 2001, he was counsellor at the Appellate Body Secretariat and in 2001 served as Acting Director of the Secretariat. In the early 1990s, he worked as référendaire at the European Court of Justice. He studied law at the University of Antwerp (Lic.jur.), the University of Michigan (LL.M.) and the European University Institute, Florence (PhD).

Van den Bossche and Zdouc

Man Hunt Richard MacAndrew

Intermediate

Since its first edition, this textbook has been the first choice of teachers and students alike, due to its clear introduction to the basic principles of the multilateral trading system and its detailed examination of the law of the World Trade Organization. The third edition continues to explore the institutional and substantive law of the WTO. Material has been restructured to align closely with teaching approaches, making it even more user-friendly. It has been updated to incorporate all new developments in the WTO’s body of case law. Questions and assignments are integrated to allow students to assess their understanding, while chapter summaries reinforce learning. Chapters end with an exercise reflecting real-life trade problems: these challenge students (and practitioners) and enable them to hone their analytical skills. This title is an essential tool for all WTO law students and will also serve as the practitioner’s introductory guide to the WTO.

Man Hunt

English for Spanish Speakers

Series editor: Philip Prowse

Van Den Bossche & Zudouc 9781107024496 PPC. C M Y K

English Readers

978 1 107 69269 5

9781107039841 BOYLE ET AL THE IMPACT OF IDEALISM CMYK

N ICHOL A S A DA M S is Senior Lecturer in Theology

and Ethics at the University of Edinburgh.

The Impact of Idealism

Endorsements to follow. Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do

L I Z DI SL E Y is a research associate in the

Peter Van den Bossche Werner Zdouc

British English Total word count: 20,497

The Dyslexia Debate Activity Book

JULIAN G. ELLIOTT E L E N A L . G R I G O R E N KO

Herbert Puchta Günter Gerngross Peter Lewis-Jones

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Annual Report

2014

Who We Are Cambridge University Press is part of the University of Cambridge, one of the world’s leading research institutions. It furthers the University's mission by disseminating knowledge in the pursuit of education, learning and research at the highest international levels of excellence. The Press’s publishing comprises some 50,000 academic and professional titles, over 300 research journals, school-level education, English Language Teaching and bible publishing. This output – from authors based in over 100 countries – is available globally: the Press has over 50 offices around the world. The Press places great emphasis on being a part of the communities it serves: researchers, teachers and learners at every level of education.

Annual Report

2014

Contents

Contents Chair’s Introduction

2

Chief Executive’s Overview

3

Academic Publishing

6

English Language Teaching

10

Educational Publishing

14

Our People

16

Awards and Prizes

19

Abstract of the Financial Statements

21

Appendix

24

Cambridge on the internet View this report online cambridge.org/annualreport Information about Cambridge University Press cambridge.org/aboutus

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Chair’s Introduction

Annual Report

2014

Chair’s Introduction 2013–2014 was a difficult year for all publishers. The ongoing precariousness of the global economy and disruption to traditional business models posed an extreme challenge; and UK-based businesses making sales in other parts of the world suffered a doublewhammy as the pound continued to strengthen significantly against other currencies in the course of the year. Even so, the Press is in a good place. The success of our tenders to provide curriculum-related products in Education, our ability to attract the very best Academic books and journals as seen in the astonishing list of awards and prizes at the end of this Report and the ground-breaking blended learning courses we are producing in ELT, are all examples of our momentum, in the right direction and at quite a pace. Once the effects of exchange-rate movements are stripped out, both the Press’s sales and its surplus are up on the previous year, demonstrating strong underlying growth and more robust profitability in key areas. These trends are very encouraging at a time when there is so much change going on. They are due to the vision and hard work of the first-rate teams of people we are fortunate to employ in all parts of our operation. As a former Director for People myself, I know how important it is for an organisation to have a good recruitment and retention strategy in order to attract and maintain the right skill-sets in a dynamic environment. When publishing models, markets and consumer behaviour are

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Annual Report

2014

Chief Executive’s Overview

Chief Executive’s Overview all in a state of flux, it is vital that we combine creativity and intelligence with energy and persistence in all parts of our work. Wherever I look around the Press I see people doing that. To their commitment we can add the expertise of our governors on the Press Syndicate, in which regard I record my sincere thanks to Jim Potter who stood down at the end of 2013 after four years of service to the Audit Committee, and my cordial welcome to Professor Chris Kennedy who joins the ELT & Education Publishing Committee. We are fortunate that Professors Tony Minson and Tim Cox, whose term as Syndics ended in 2013, remain with us offering their expertise and experience to the Operating Board and Academic Publishing Committee. The world is seeing the most radical transformation in the distribution of knowledge and information for 500 years. Managing the consequent changes to our culture, our systems, our working environments and indeed our products is not easy; but the values which have sustained us as the world’s oldest publisher will continue with us on our journey into an exciting future.

Sir David Bell Chair of the Press Syndicate

Over the four years I have been at the Press, we have seen an unprecedented pace of change within the publishing industry, which is now deep in the throes of its second revolution. Significant further growth in open access and social sharing of research, new channels of digital delivery and personalised digital education mean that all publishers are operating in an environment different from even a year ago. Yet the Press’s purpose rightly remains unchanged and aligned to that of our University: to advance learning, knowledge and research worldwide. To deliver our purpose within this rapidly evolving world, we are investing heavily to make the transition from a publisher of printed books to a provider of content-related products and services in many media, while retaining the standard and quality of our research and learning content at the heart of everything we do. Despite the precipitous pace of change, I believe the Press made considerable progress in that journey over the last year. Our Cambridge English Language Teaching (ELT) group has seen an impressive and diverse year of publishing. Unlock and Cambridge Discovery Education Interactive Readers are two innovative products launched in partnership with Discovery Education, combining rich video content, pedagogy supported by a unique base of research and a range of educational support services to support teachers and students. Cambridge Dictionaries Online had huge growth in its user numbers. A new ELT website, launched after

extensive customer research and rigorous user testing, was received very positively by students and teachers. New handbooks were published for teachers as part of the Motivating Learners, Motivating Teachers and Teaching with Technology series, the latter a part of Cambridge English Teacher. Our partnership with Knewton, one of the leading adaptive learning technology providers, is helping us to provide richly personalised content through the Cambridge Learning Management System. We developed second editions and new support services for two of our most successful courses, Kid’s Box and Touchstone. It has been another year of rapid growth for our joint exams publishing unit with Cambridge English Language Assessment, notably with enhanced and interactive e-books for the first official IELTS course, The Official Cambridge Guide to IELTS. Our ELT business in Spain continued to grow strongly. Complementing our ELT products, we announced a new partnership in the third top global language with Editorial Edinumen, a pioneering Spanish language publisher in the field of technology in the language classroom. The Education group had a similarly successful year. It has been deepening our partnership with other parts of the University of Cambridge through joint projects with Cambridge International Examinations (CIE) and the Faculty of Education to support education reform in Kazakhstan. That was just one of many examples across all our publishing groups of the mutual benefits

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Annual Report

from the Press’s ever-deepening relationships across the University. The year also saw notable success with publishing for new curricula in Australia and South Africa. In India, Click Start became our second title to achieve sales of over a million copies. One of our most innovative launches during the past year was the massive open online course (MOOC) for GCSE Computing, launched in partnership with Cambridge Assessment’s OCR exam board and RaspberryPi, the Cambridge-based organisation producing very low cost credit card-sized computers to help more people globally to learn coding.

The Press’s most valuable assets are its reputation for excellence and its place as part of one of the world’s greatest universities Our Academic group maintained its centuriesold tradition of the highest standards of scholarly publishing. We published major additions to our authoritative and extensive Cambridge Histories series, and one of the year’s most significant bodies of scientific evidence: the 2013 report of the Intergovernmental Panel on Climate Change: Climate Change 2013: The Physical Science Basis. We were one of the biggest winners at the Publishers’ Awards for Professional and Scholarly Excellence (PROSE), winning top prizes in seven categories; and many other Press

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2014

titles and products won awards throughout the year, all demonstrating how our publishing is valued within the academic and educational communities we serve. There has been much distinguished new digital scholarly publishing too. The Cambridge Edition of the Works of Ben Jonson Online launched in early 2014 complemented the printed product already in existence with a vast online digital archive three times bigger than the seven-volume print edition. It marries the best of the Press old and new: 15 years of the most meticulous scholarship given the greatest reach and ease of use through a range of functionality only possible in a digital product. We have continued to add to our stable of open access journals, including Global Mental Health and Journal of Applied Agricultural Economics, and have grown our publishing on behalf of learned societies around the world. A new website to support Press authors – Author Hub – launched, giving our authors a range of new tools to help them. We have continued to grow the number of scholarly publishers available on University Publishing Online, an online portal that provides access to e-books from the publishing programmes of our partner presses alongside our own. The market for Academic books has remained hard to predict. Sales in North America recovered well during the course of the year, while library budgets in Europe – which have been resilient over recent years – in their turn came under greater pressure. The longterm trends of declining traditional retail channels and growing online retail have continued, while humanities and social science books have outperformed those in science, where course-related material is now the dominant form of long-form publication. With those

Annual Report

2014

fundamental shifts, the global Academic management team have been focusing on streamlining our processes and creating richer digital publishing, whilst remaining as committed as ever to the highest scholarly standards. The Press’s most valuable assets are its reputation for excellence and its place as part of one of the world’s greatest universities. As a result, we place huge importance on our commitment to carry out our business transparently, ethically and with integrity. We have been updating the Press’s Code of Ethics, along with the policies, guidance and training that help us ensure all colleagues and our business partners know what is expected of them in their day-to-day work. We have made a number of operational changes across Asia, one of our fastest growing and most important regions for the future. The Press has acquired the remaining minority stake in its subsidiary in India, and has new leadership both there and in Japan. We have also restructured to build closer relationships between our organisations in Asia and the global publishing teams. We are continuing the complete renewal of our back-office systems. Following the successful implementation of a new royalties system and the first phase of new finance and procurement systems, we have introduced the Press’s first global HR system and a new financial consolidation system. This major investment programme is giving us a much greater insight into our global business and the talent we have working for us around the world, and helping us introduce our new products and business models more quickly. In the financial year to 30 April 2014, Cambridge University Press’s sales were £263.4m. Our operating surplus was £8.0m. Our underlying growth in sales on a constant currency basis was 4.6 per cent, reflecting major expansion in ELT and Education offset by much

Chief Executive’s Overview

lower increases in Academic. However, our consolidated figures have been heavily affected by the marked strengthening of sterling. With some 90 per cent of our sales outside the UK, the vast majority of our business is transacted in currencies other than the pound. Every major currency in which we operate has weakened against sterling – most from 10 to 20 per cent lower. That has led to consolidated sales and operating surplus in sterling remaining flat against last year, despite underlying growth that is higher than many of our competitors. Building on the achievements of the year just gone and the major investments we have been making, our priorities are: accelerating the introduction of new digital products and services; building on the deepening and broadening partnerships across our University; streamlining every aspect of how we work to make us more efficient and responsive to our customers’ changing needs; and completing the next phases of our back-office transformation to help prepare us for a digital future. I am continually delighted by the way colleagues across the world show their commitment to advancing knowledge, learning and research, not only through the daily work that they do, but also through a truly impressive range of community educational projects. Almost a quarter of the Press’s employees gave their time in this way, many of them working to help improve the lives of disadvantaged children. From our partnership with Publicolor in New York to our longestablished programmes in Brazil; from workshops to support literacy in rural schools in India to the opportunity for schoolchildren in Cambridge to create their own digital products; colleagues are using their energy and creativity to help students in our local communities the world over. That community work is just one example of the commitment and passion that our people show every day in delivering our mission around the world. None of the many things the Press has accomplished would be possible without that spirit, which is the heart of our future success.

Peter Phillips Chief Executive

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Academic Publishing

Annual Report

2014

Annual Report

2014

Academic Publishing

1

Academic Publishing

Cambridge University Press’s Academic Publishing delivers a core component of the University of Cambridge’s mission, advancing the worldwide dissemination of research and learning at the highest scholarly levels. Its output is available in multiple digital, print and hybrid formats. It operates within a global network of relationships with authors, academic institutions and learned societies. Quality assurance of the editorial programme, constantly validated by the Press Syndicate, remains among the most robust of any scholarly publisher anywhere in the world. For the last three years Academic Publishing has seen unprecedented changes in the market and 2013–2014 was a challenging year for the group. In last year’s Annual Report the Press reported significant market transition in much of Europe, an uneven sales performance in the Asia-Pacific region, and early signs of recovery in North America, the largest academic market. This pattern continued over last year with the North American market continuing to improve, but more mixed performance in Europe and Asia. Of the 1,439 new book titles published, 27 per cent were on scientific themes and 73 per cent were concerned with subjects in the humanities and social sciences. New book publishing is now routinely available simultaneously in print, online and in other consumer digital formats such as Amazon Kindle, and there has been significant strengthening in our digital platforms and productivity, which will support delivery of new digital products over the next year. For our UK authors, one important achievement of the Academic publishing team in 2013–2014 was to ensure every title required for the 2013 Research Excellence Framework was submitted on time. This was highly sensitive, given the pressurised timelines involved, and potential funding implications for authors, and the presence in the REF cohort of such significant scholarship as The Impact of Idealism (four substantial volumes, edited by Nicholas Boyle and Elizabeth Disley) emphasised the significance of the Press contribution, not least for our parent University. The Press’s already outstanding Journals list expanded in 2013–2014 by 15 titles, and new notable

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publishing agreements were signed with major learned societies including The Society for Infection Control and Hospital Epidemiology and The Palaeontology Society. Humanities and Social Sciences As in 2012–2013, global funding continued to flow away from the humanities and social sciences, which has been the traditional core of all university presses’ publishing globally. Nonetheless, individual subjects such as political science, management, music and (especially) classics and archaeology all performed strongly, as did the burgeoning programme of textbooks for the Australian market. Major publications included a number of important multi-volume Cambridge Histories, including The Cambridge History of Australia, The Cambridge History of Capitalism and The Cambridge History of the First World War. Other important reference publications included the online edition of the works of Ben Jonson (see overleaf), The Cambridge Wagner Encyclopedia, The Cambridge Verdi Encylopedia and The Law and Policy of the World Trade Organization. Individual titles of note included James Crawford on State Responsibility, Julian Elliott and Elena Grigorenko on The Dyslexia Debate, Carol Genetti

on How Languages Work, Paul Guyer on A History of Modern Aesthetics, Hew Strachan on The Direction of War and John Robb and Oliver Harris on The Body in European History. A different kind of important launch was Chris Jephson and Henning Morgen on Creating Global Opportunities, a business history of the MAERSK line and containerisation over the past 40 years. From a rather older scholarly tradition, the three volumes of Sir John Baker’s Collected Papers on English Legal History were a fitting monument to a very distinguished Cambridge career. Among the new journals taken on or launched in the course of 2013–2014, the Journal of Roman Archaeology is an important addition in an area of considerable existing strength, as is Enterprise and History, the latter linking neatly with Business Ethics Quarterly and Management Organization Review (both also new to Cambridge). A major new journal, the Journal of the American Philosophical Association, will be launched by the Press, on behalf of the American Philosophical Association. This will be the first APA journal since the Association was founded in 1900 and will be provided free to the Association’s 10,000 members.

2

1 Journals subscriptions grew, and 1,439 new Academic titles were published last year. 2 Creating Global Opportunities, a business history of the MAERSK line was a significant launch.

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Academic Publishing

Annual Report

2014

Annual Report

2014

Global Health Open Access Journal Programme In 2014, a new gold Open Access journal was announced – Global Mental Health. The launch of a Cambridge journal in this area comes at a significant time for ‘global mental health’, and will grow the Press’s presence in this field, complementing our book publishing programme, and other titles such as Psychological Medicine, Epidemiology and Psychiatric Sciences, CNS Spectrums, and Behavioral and Brain Sciences. Global Mental Health is the first Open Access offering in global health from the Press and expands on our current Open Access programme of journal publishing, including Journal of Nutritional Science, Forum of Mathematics, APSIPA Transactions on Signal and Information Processing and High Power Laser Science and Engineering.

The Press has significantly strengthed its digital platforms and productivity, which will support delivery of new digital products Science, Technology and Medicine The science disciplines are now migrating rapidly towards digital dissemination, and Open Access publishing models continue to make significant headway in a number of scientific subjects: most academic institutions continue to see enhanced usage of scientific materials, as compared with usage levels of scholarly content in the arts and social sciences. However, the incentives (especially for younger scientists) to write full-length books continue to decline within many sectors of the scientific community. In response, the Press is developing new short-form content, designed to accommodate research outputs of between 10,000 and 30,000 words, which will be launching over the next year. Major scientific book publications in 2013–2014 included Climate Change 2013: The Physical Science Basis (published on behalf of the Intergovernmental Panel on Climate Change), Richard Forman on Urban Ecology, Chris Bird on The Fundamentals of Horticulture, the first volume of Ben Garling’s Course in Mathematical Analysis and a number of titles published with an important new medical partner, The Royal College of Obstetrics and Gynaecology. Important new

8

Academic Publishing

global mental health

The Cambridge Edition of the Works of Ben Jonson Online Three times bigger than the seven-volume print edition (published to critical acclaim in 2012), The Cambridge Edition of the Works of Ben Jonson Online was launched in January 2014. This landmark project charts the life and works of the seventeenth-century playwright and sets a new standard for digital scholarly publishing. The interactive website presents the complete writings in a digital format for the first time and includes a vast critical and documentary archive

of scholarly essays, life and court records, music sources and more. Advanced digital functionality also provides enhanced search capabilities as well as a unique text comparison tool, allowing different versions of transcriptions to be viewed together. The project was supported by generous funding from The Andrew W. Mellon Foundation and was built with the technical expertise of the Department of Digital Humanities at King’s College, London.

scientific textbooks included Ronald and Carol Frost on Essentials of Igneous and Metamorphic Petrology, and the third edition of Modern Computer Algebra by Joachim von zur Gathen and Jürgen Gerhard. Important science publishing partnerships expanded to include further association with the Association of Symbolic Logic, for whom the Press now publishes all three of their journals, Journal of Symbolic Logic, Review of Symbolic Logic and the Bulletin of Symbolic Logic, joining the book series the Press already publishes on behalf of the Association. Major new journal launches include Global Mental Health, a new Open Access journal serving the emerging field of global mental health and MRS Energy and Sustainability, expanding the Press’s growing portfolio of Materials Research Society titles.

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English Language Teaching

Annual Report

2014

Annual Report

2014

1

English Language Teaching 2

English Language Teaching The English Language Teaching (ELT) industry continues to grow at a remarkable pace, fuelled by its increasing consolidation as the language of global business, academic advancement and economic mobility. A young global workforce is driving demand for reliable customised English language learning resources and support, a demand which is supported by growing levels of investment by institutions and governments in addition to the learners themselves. The Press is outpacing market growth due to the growing demand for international standards of assessment, the flexible use of digital resources to support personalised learning and learning solutions. Rigorous customer and pedagogic research remains the basis of Cambridge’s ELT publishing, enhanced by a rapidly evolving capability to offer a range of educational services. This year, the ELT group saw strong market growth across the globe, with particular success in Latin America, Asia and Spain, driven by exceptionally strong growth in Schools and Exams.

3

1 The first products produced in partnership with Discovery EducationTM launched in 2014.

The Press is outpacing market growth due to the demand for international standards of assessment Cambridge English Cambridge English combines the world-class content and assessment capabilities of the Press and Cambridge English Language Assessment, to provide an everexpanding range of products and services to learners, institutions and ministries of education. A growing range of educational services are on offer, including online continuous professional development with Cambridge English Teacher, as well as the development of unique learning products centred on validated formative assessment and measurable outcomes. Central to these publishing efforts is Cambridge Exams Publishing, which combines the expertise of both organisations to develop official exam preparation resources. The exceptional growth of Exams was supported by the publication of Compact Key for Schools, new editions of Complete First and Objective First and Spanish editions of Complete First for Schools and Complete Key for Schools. The first-ever fully interactive e-books were published for Complete IELTS 4-5. The highlight of the year came with the publication

10

2 Complete IELTS fully interactive e-books were published. 3 Man Hunt won first prize in the Extended Reading Foundation’s Language Learner Literature Award.

in January 2014 of The Official Cambridge Guide to IELTS, the first-ever official Cambridge publication for IELTS. Schools Publishing School-age learners represent the largest and fastest growing market, with ample areas of opportunity for growth. Our presence in both Primary and Secondary remained strong this year, with global growth in Primary reaching nearly 50 per cent thanks to continued strong global performance of flagship courses such as Kid’s Box and an increasing number of market- and customerspecific adaptations of a range of titles. Already off to a strong start since it was published in 2012, Super Minds grew threefold with strong performance across the globe, and with particular success in Mexico, Spain and China. New components have been published to strengthen the overall proposition, as was a new American edition. In early 2014, the Spanish publishing team released the first levels of Quick Minds, a major adaptation of Super Minds, tailoring its effective

approach to language learning – based on the development of cognitive tools and skills and with a strong emphasis on cross-curricular development – to the specific needs of the Spanish market effectively opening up a new learning segment for the Press. In order to offer learners a more complete Cambridge learning experience in Primary, new pre-Primary classroom material is in development for launch early next year. In Secondary, growth was more modest ahead of an upcoming wave of new products. Key titles such as English in Mind continued to perform well and a proliferation of customised and market-specific editions of existing courses and the first levels of the second edition of More! helped to increase market share. New to the Secondary list is the publication of the first products resulting from a partnership with Discovery EducationTM: Cambridge Discovery EducationTM Interactive Readers. This groundbreaking graded readers’ collection was designed on the principle that students are motivated to read when presented with materials that are engaging

and innovative – materials that change the ways the learners interact with them. Each reader comes with access to an immersive online environment with audio, video and interactive exercises, all designed to match the way today’s students learn. Adult Publishing The highlight of the year in adult publishing came with the release of Unlock, our new four-level paired skills course launched in March 2014 at TESOL Arabia. Another title developed in partnership with Discovery EducationTM, the course benefits from a high-impact video integrated into the course and is supported by an extensive digital package. The course is already off to a very strong start, especially in its target markets, and Unlock is expected to reinforce an already strong position in English for Academic Purposes, an area that has grown by almost 25 per cent in the last year alone. ELT’s flagship course, Touchstone, was refreshed with a new second edition and with the completion of the upper level of Viewpoint. Touchstone Blended

11


English Language Teaching

Annual Report

2014

Annual Report

English Language Teaching

2014

1 1 Quick Minds, a major adaptation of Super Minds for the Spanish market launched in 2014.

Unlock Unlock is a four-level English for Academic Purposes (EAP) skills course, published in response to a specific market demand from university foundation programmes in The Gulf, Turkey and the UK. Developed in close collaboration with customers at every stage, Unlock makes creative use of documentary-style videos from partner, Discovery Education™, to provide a powerful introduction to a range of subjects by activating students’ awareness of the topic and adding interest and authenticity to the lesson. The clean page design makes the course easy to use, and the carefully selected topics ensure culturally sensitive issues are avoided and the themes are relevant. Unlock is underpinned by its extensive use of the Cambridge Learner Corpus, Cambridge Academic Corpus and the English Vocabulary Profile to ensure that learners focus on up-to-date, relevant language, which will lead to effective learning outcomes. Similarly, critical thinking skills, based on educational psychologist Benjamin Bloom’s classification of learning objectives, are integrated into the course to help learners develop thinking skills, which are essential for academic success.

2 Cambridge Dictionaries Online

now attracts five million unique visitors every month.

Cambridge English exam:

Kid’s Box 6

A2

Flyers

Kid’s Box 5 Kid’s Box 4

• Windows 2000, XP or Vista • 300MB free hard disk space • 512MB RAM for Windows 2000 and XP, 1GB for Vista • Adobe Acrobat Reader 6.0 or higher • Sound card and speakers for listening and/or headphones

CEF level

Primary i-Dictionary

Cambridge ESOL exams

1

Starters

A1

2

Movers

A2

3

Flyers

Primary i-Dictionary 1 High Beginner Workbook 978 0 521 14509 1

Cambridge University Press is the only official publisher of Young Learners past papers from Cambridge English Language Assessment – an essential part of any preparation course for the Cambridge English: Toung Learners tests.

Student’s Book

Cambridgw English: Young Learners tests are designed to evaluate the English level of primary learners aged 7 to 12 – and make testing fun. They consist of three key levels of assessment: Starters, Movers and Flyers. This edition contains three Starters papers from Cambridge English Language assessment. These colourful test papers contain engaging activities and attractive illustrations to motivate young learners at this level. They also provide an excellent opportunity for children, parents and teachers alike to familiarise themselves with the format of the test. The CD contains the recorded material for the Listening test. The Answer Booklet includes tapescripts, answers and examples of the type of interchange to expect in the Speaking test.

978-1-107-62901-1 • Young Learners English 8 Starters C M Y K

Ideal for classroom use with interactive whiteboard or computer and projector. Multi-classroom and Single Classroom versions are also available.

CEFR level:

Cambridge English exams:

An interactive picture dictionary for young learners of English A2 A1

Cambridge English: Flyers (YLE Flyers)

Cambridge English: Movers (YLE Movers)

Cambridge English: Starters (YLE Starters)

Anna Wieczorek

ISBN 978-0-107-61108-5

• •

A1

Movers

Kid’s Box 3

Covers key areas of the grammar, vocabulary and skills needed in the test. Encourages enjoyment of reading and listening to stories and promotes these skills in a fun way.

The Teacher’s Book includes: • Audio CD with lively recordings of the stories and accompanying listening activities. Step-by-step guidance and tips on how to approach the reading and listening of the stories. • Detailed notes on how to guide learners through the activities. • Extra photocopiable resource material. • Summaries highlighting the main grammar and vocabulary points covered in each story. • Details of exam parts practised in the activities.

Kid’s Box 2

•

CEFR level:

A2 A1

Student’s Book

ISBN 9780521740388 i-Dictonary Home Study version COVER CMYK

• Bright, appealing animation and sound makes learning new words memorable. • Pictures and pronunciation in British and American English for EVERY word. • Games, songs and stories, plus extra practice worksheets for every topic – learning has never been so much fun!

Storyfun for Starters is a book of story-based exam preparation material for students taking the Cambridge Young Learners Starters Test. Ten lively stories based on the Starters syllabus provide a springboard for language practice. Each story is followed by activities that check learners’ comprehension of the stories, provide an opportunity to learn and practise key points of grammar and vocabulary and try out exam-style questions. The story-based approach and enjoyable accompanying activities also make Storyfun for Starters suitable for learners not taking the test.

Storyfun for Starters Star

Starters 8

Authentic Examination Papers from Cambridge English Language Assessment

Ho me ver Stu sio n dy

CEF

At last – an innovative way to build children’s vocabulary and develop their confidence in English!

With animated stories and songs and over three hundred illustrated words needed for the Starters level of the Cambridge Young Learners English (YLE) tests, the Primary i-Dictionary CD-ROM is ideal for practising general English as well as exam preparation.

978-0-521-18810-4 Saxby Storyfun for starters stuedents book. cover. C M Y K

Home Study version

Low beginner to high beginner

Karen Saxby

CMYK ISBN 13: 9781107617575 KIDS BOX PUPILS BOOK 1 2nd Ed

1 NIXON & TOMLINSON

CEFR level:

Second Edition

PUPIL’S BOOK

Kid’s Box is a six-level international primary course that fully covers the syllabus for the Cambridge Young Learners English (YLE) tests. Originally Pupil’s Book 1 publishedThefor Primary full schools and fun course for seriously goodcurriculum results! Loved by children and teachers the world over, Kid’s Box is bursting with exist bright ideasin private language schools, versions now to inspire you and your pupils. Perfect for general use, this seven-level course also fully prepares students for success in the Cambridge English: Young Learners (YLE) tests. both British and American English, and marketLevels 1 & 2 cover the Cambridge English: Starters test syllabus. specific editions have been published for Mexico, In the Pupil’s Book: Spain, China, and Greece. NEWPoland CLIL sections build on children’s knowledge of other subjects through English Values pages develop their social awareness Teacher NEW enthusiasm was immediate, with NEW Phonics sections help improve pronunciation, spelling and reading skills almost 80 per cent of users rating the course A NEW Starter level is also now available. either ‘Excellent’ or ‘Very Good’, highlighting www.cambridge.org/kidsbox You could also try: the engaging characters, songs and stories; the sense of fun andStarters enjoyment through creative 8 activities leading to effective learning; rigorous benchmarking to the Cambridge YLE suite of exams; the flexibility of the course components and Level 1 Interactive DVD Pupil’s Book Plus the attractive design.Presentation Activity Book with Flashcards Online Resources Language Portfolio Teacher’s Book of Kid’s Tests CD-ROM The success Box has established Teacher’s Resource Book Posters Class Audio CDs Monty’s Alphabet Book Cambridge as an international Primary publisher and has contributed to making Primary the fastest growing segment for Cambridge. Market demand has led to the early publication of the second edition with a number of versions, bringing a range of new benefits designed after exhaustive Home Study version

Spanish Language Teaching (ELE) The Press’s first entry into ELE was announced through a new partnership with Editorial Edinumen, which will build on the Press’s expertise in language teaching and learning. Editorial Edinumen is one of the world’s leading ELE publishers, renowned for their innovative pedagogy and approaches to the use of technology in the language classroom. In the first year, a full suite of Schools courses and supplementary products was published for the North American market, featuring a wide range of digital platforms, enhanced e-books and experiential learning apps for a wide range of mobile devices. Mundo real and ¡Hola, mundo! were launched as the flagship courses for the secondary and primary segments.

Second Edition

Kid’s Box

KID’S BOX

of two new titles in the award-winning Cambridge Handbooks for Teachers series: Motivating Learners, Motivating Teachers and Teaching with Technology. The latter title was published as part of Cambridge English Teacher (CET), an online professional development service in partnership with Cambridge English Language Assessment. CET was enhanced by the availability of new courses and institutional membership, allowing institutions to offer fully online continuous professional development to their staff.

Anna Wieczorek

12

2

Primary i-Dictionary

Learning continues to help a growing number of customers improve learning outcomes both in class or through individual online work. Collaborative work with large institutions to conduct detailed research on implementing and managing online, distance and blended learning to achieve better learner outcomes has resulted in stronger partnerships, new major adoptions and new online customised editions of Touchstone. The Press also entered into a partnership with Knewton, the world leader in the fast-emerging area of adaptive learning, to enhance personalised learning paths. Development of new innovative products is advancing quickly and providing a crucial learning experience, which offers an opportunity to develop new more flexible and adaptable ways of developing content. The second editions of face2face, Ventures, Making Connections and Academic Encounters resulted in considerable increases in adoptions. These very different products have in common a highly collaborative development process, with customers at the centre, and a robust array of digital components. Similarly, ELT’s most successful course ever, Interchange, now in its fourth edition, was strengthened with market-specific editions and new digital components. In other areas, Cambridge Dictionaries Online (CDO) continued to grow in popularity and now attracts five million unique visitors every month, reaching in some countries top-ranking status in Google dictionary searches. A number of bilingual dictionary sets in CDO and the release of two dictionary apps – in tradition and simplified Chinese – of the Cambridge Advanced Learner’s Dictionary were launched, following shortly after the publication of the fourth edition of the dictionary. The Press’s highly acclaimed In Use collection was broadened with the release of the English Grammar in Use Fourth Edition app, a new market-specific edition of Essential Grammar in Use and the second edition of English Vocabulary in Use Advanced. The Press’s ongoing commitment to teacher development was strengthened with the publication

Cambridge ESOL exams:

Kid’s Box 1

Cambridge English: Flyers (YLE Flyers)

Cambridge English: Movers (YLE Movers)

Cambridge English: Starters (YLE Starters)

AUTHENTIC EXAMINATION PAPERS FROM CAMBRIDGE ENGLISH LANGUAGE ASSESSMENT

ISBN 978-1-107-62901-1

Starters

Karen Saxby

ISBN 978-1-521-18810-4

Kid’s Box Starter

Perfect preparation for

Cambridge English: Starters Caroline Nixon & Michael Tomlinson

1

Pupil’s Book

market research, including a completely new starter level, new classroom software, teacher training and links to the Cambridge Learning Management System (LMS).

13


Educational Publishing

Annual Report

2014

Educational Publishing The past year saw significant transformation for the Education businesses. Being mainly a curriculumdriven business, it deals with markets, territories and stakeholders that move at different speeds with different levels of complexity. Delivering 700 new blended titles and solutions that cater for this diversity extended our reach into various markets and delivered double-digit growth. Local Curricula The Press has five publishing operations, four of which are aimed at supporting teachers and learners with resources that are closely aligned and focused on the local curricula for particular countries. In India, Manas Saikia, who had been associated with the Press’s business for more than two decades, retired and was succeeded by Ratnesh Jha who is leading the business, which is now wholly owned by Cambridge. Click Start: Computer Science for Schools sold its millionth copy this year. This is an eight-level series covering the latest trends in the field of information and communication technology, and serves as a key to understanding the latest software, programming concepts and programming languages. A platform was launched in Australia to deliver interactive textbooks, tests and assessments for the Australian curriculum. A combination of a strong author team, a robust and proven digital component 1

and focused sales and marketing activities, including professional development workshops, has led to our maths resources being the number one choice in New South Wales. We are fulfilling our goal of providing teachers and students with greater choice by offering comprehensive digital options, including interactive textbooks and apps for new and key backlist resources. In South Africa we have increased market share and have enjoyed significant growth for a number of years with the majority of new publishing still aimed at delivering learning resources for the last year of the curriculum implementation. In the rest of Africa, sales in Cameroon were adversely impacted by piracy of one of our flagship series, while imports into Kenya and Nigeria exceeded expectations. One of the highlights was the publication of The Archaeological Heritage of Africa, the fifth title in our Indigenous Knowledge Library series. It covers the diversity of ancient cultures across the African continent and demonstrates their significance to the modern world. Backlist sales in the UK were impacted by cautious spending patterns as a result of the education reforms to be launched in the next 12 months. International Education The International Education Business strengthened its position through new market-leading resources for teachers and learners, targeting international exam boards’ syllabus review cycles with new publishing, and strengthening offers with digital products and services.

Annual Report

2014

New editions of the best-selling Cambridge School Shakespeare series were published in collaboration with the Shakespeare Birthplace Trust. The digital portfolio was expanded with a series of i-textbooks published for Geography, History and English, along with the launch of Cambridge International Maths Online. Cambridge Primary Maths is bringing together a world-class Cambridge Primary mathematics curriculum from Cambridge International Examinations, with highquality maths resources from Cambridge University Press and engaging, online enrichment materials from NRICH, a project run by the University of Cambridge supporting a team of qualified teachers offering advice and support to both learners and teachers of mathematics. A growing list of academic publications to support professional development, as well as debates around education reform and language policy, was developed further through working with the Faculty of Education at the University of Cambridge, helping to increase its research output and establishing further collaboration between the various departments.

Educational Publishing 2

3

1 Cambridge International Maths Online launched in partnership with CIE. 2 The digital portfolio was expanded with a series of i-textbooks. 3 Click Start: Computer Science for Schools sold its millionth copy.

GCSE Computing MOOC With the introduction of Computing as the fourth science in the new National Curriculum for England, students will be learning how computers and computer systems work, designing and building programmes, developing their ideas and using technology in creating a range of content. The free Cambridge GCSE Computing Massive Open Online Course (MOOC), developed by a partnership of Cambridge University Press, RaspberryPi and OCR, teaches secondary school students the basics of computer programming and demystifies the world of algorithms, logic gates and RAMS. The content includes a rich combination of video and interactive learning exercises and can be used in the classroom as a traditional teaching resource, as a revision aid, as a self-teaching resource for flipped classrooms or as a combination of all three. The course has attracted more than 100,000 visitors and 10,000 course registrations in the first six months after launch.

14

15


Our People

Annual Report

2014

Annual Report

2014

Our People

Our People The Press fulfils its mission to serve communities of learners, educators and researchers, not only through its publishing output, but also through its people. Press people have always been passionate about their work and, despite a period of unprecedented change in the industry, this year has seen the same unwavering commitment to the Press’s authors, customers, students and teachers. We have stepped up further our investment in attracting, developing and retaining excellent people, with new learning and development opportunities, particularly in the areas of digital and sales skills. Particular contributions of individuals and teams have been recognised in 51 new awards given to individuals and teams around the globe for delivery, teamwork and collaboration, innovation and customer focus. Our approach to recruitment of new colleagues has continued to focus on the skills we need for the Press’s digital transformation, and we have recently reintroduced a Graduate Development Programme, which offers the opportunity to learn about all aspects of our business and gain experience in the editorial, marketing, sales, administration and production teams. The Press is proud to have a diverse workforce, with over 2,100 colleagues working in over 50 countries, across five continents. Investing in our people helps to advance knowledge, learning and research globally, with the benefit of having colleagues on the ground in a variety of local markets. Our Communities In 2013–2014 colleagues from around the globe supported community partners. Around a quarter of our people gave their time to educational projects

internationally. Press support for the charitable sector resulted in £44,000 in charitable donations, through corporate support, colleague fundraising and payroll giving. Individuals and teams raised half of this total. Community Partnerships The Press celebrated its fifth year of partnership with CIDA Empowerment Fund (CEF). As part of this, 25.1 per cent of profits achieved in South Africa are given to CIDA to support disadvantaged black South African students in attaining business degrees. The team in Africa also partnered with two not-for-profit organisations, The Shine Centre and Sosebenza Sonke. Cambridge teams have undertaken a wide range of activities to support the Press’s UK partner school, Coleridge Community College. ‘Business Class’ is a Business in the Community initiative, which links companies with local schools, with a particular focus on raising work aspirations. Over 100 colleagues have supported activities, which included World Book Day sessions to practise job interviews and careers talks. Cambridge University Press, along with six other businesses, form the Cambridge Business Class ‘cluster’. Despite being one of the newest Business Class regions, Cambridge was the top-performing area nationwide during this period. Teams in India have a range of partnerships supporting young people and teachers. Colleagues in Mumbai provided a rare development opportunity for 56 teachers through a free workshop. Rural schools, where many parents of students are unable to read, were provided with educational materials, and books were supplied to an NGO, Make a Difference, to help those in most need. The Press supported the building

World Book Day in South Africa

of a school library in Hyderabad, giving disadvantaged children greater access to learning materials. The Press also joined forces with our sister organisation, Cambridge English Language Assessment, to improve the skills of teachers in the Government Corporation Schools in Chennai. A new partnership was forged in New York with Publicolor, an education-focused not-for-profit organisation, on the ‘Serve our Schools Initiative’. This aims to counter inner-city public school dropout rates, by reconnecting young people who are falling out of the education system, using design-based programmes and academic support.

Environment We have continued to make progress in reducing our UK site environmental impact in 2013–2014.

15%

reduction in electricity use*

The Press has over 2,100 colleagues working in over 50 countries.

International Events World Book Day was celebrated around the globe through a variety of events. In Cambridge 160 students from 13 local schools attended workshops, where they were taken through the publishing process and challenged to design a GCSE Computing product; in Cameroon, students and head teachers from 15 schools participated in a spelling bee and reading competition; in New York colleagues worked with 24 public school students to create their own e-books; and in South Africa colleagues spent time

19%

reduction in overall waste

76%

reduction in gas and oil use*

26%

reduction in energy usage*

23%

drop in water consumption

*Figures compiled according to DEFRA June 2013 Conversion factors.

17 16


Our People

Annual Report

2014

Annual Report

Awards and Prizes

2014

1

Awards and Prizes Language Learning with Technology won the HRH The Duke of Edinburgh English Language Book Award.

Viscomm won the Australian Publishers’ Association Education Awards: ‘Secondary Student Resource – Senior’.

with students and teachers, reading stories and talking about the benefits of reading. Give and Gain Day, an initiative from Business in the Community, also took on an international flavour this year. Colleagues worked with 30 students from the Press’s Cambridge partner school on ideas to make gaming educational, fun and relevant to them. In New York a team of colleagues spent a day at Urban Assembly Bronx Academy of Letters, helping to improve the learning environment for students. Press Support for Charities In Australia the Melbourne team supported the Smith Family Christmas appeal for disadvantaged children, and book donations were made to the Aboriginal Literacy Fund in the Northern Territory. In Brazil support for disadvantaged children continued. Donations of books, teacher training and pedagogical assistance were made through the Bookstep programme, benefiting 29 organisations. Colleagues contributed to a Grupo AMAR Christmas appeal, and teachers attending Cambridge events donated items via the Food for Thought programme, through which four tons of food were given to seven charities. In Korea colleagues prepared and distributed lunches at the Dail Community Centre in Seoul, a notfor-profit organisation for the homeless. In the Philippines, the entire Manila team painted houses built by Gawad Kalinga, a charity that aims to restore the dignity of the poor and eradicate poverty. In Singapore colleagues ran regular cooking sessions with ‘at-risk’ children from New Town Primary School.

18

Achieving Nuclear Ambitions by Jacques E. C. Hymans, won 2014 Grawemeyer Award for Ideas in Improving World Order.

2

Ja Ian Chong’s External Intervention and the Politics of State Formation: China, Indonesia, and Thailand, 1893–1952, won the 2014 Best Book Award, International Security Studies Section, International Studies Association. 1 The New York office teamed up with an education-focused charity Publicolor.

Tim Armstrong, The Logic of Slavery: Debt, Technology, and Pain in American Literature, winner of the 2013 Hugh Holman Award, Society for the Study of Southern Literature

2 World Book Day in Cambridge.

Leonardo R Arriola, Multi-Ethnic Coalitions in Africa: Business Financing of Opposition Election Campaigns, co-winner of the 2012 Best Book Award, African Politics Conference Group

In South Africa ‘Mandela Day’ saw colleagues fundraising and preparing food for Cape Town’s shelters, crèches and orphanages. In Thailand colleagues were involved in book donations and literacy activities in Ayutthaya and Cambodia. In the UK colleagues raised funds and gave their skills to Charity of the Year, Blue Smile, which provides counselling and therapy for disadvantaged children. 183 colleagues took part in the annual Bridge the Gap charity walk, raising money for the Arthur Rank Hospice and for Press Relief. 2013–2014 saw more colleagues than ever using their time to support community partners around the world, expanding our reach and advancing knowledge and learning through these activities.

John Coggon, What Makes Health Public?: A Critical Evaluation of Moral, Legal, and Political Claims in Public Health, highly commended, Health and Social Care Category, British Medical Association Book Awards 2013 Brigid Cohen, Stefan Wolpe and the Avant-Garde Diaspora, winner of the 2013 American Musicological Society Lewis Lockwood Award

Severine Autesserre, The Trouble with the Congo: Local Violence and the Failure of International Peacebuilding, winner of the 2011 Chadwick F. Alger Prize, International Studies Association

Alon Confino, Foundational Pasts: The Holocaust as Historical Understanding, finalist, Yad

John Frederick Bailyn, The Syntax of Russian, winner of the 2013 AATSEEL Book Prize for Best Contribution to Slavic Linguistics

Fotini Christia, Alliance Formation in Civil Wars, winner of the 2014 Distinguished Book Award, Ethnicity, Nationalism and Migration Section, International Studies Association

Robert C Basner, Case Studies in Polysomnography Interpretation, highly commended, Neurology Category, British Medical Association Book Awards 2013 Bear F Braumoeller, The Great Powers and the International System: Systemic Theory in Empirical Perspective, received honourable mention for the 2014 Best Book Award, International Security Studies Section, International Studies Association Lars-Erik Cederman, Kristian Gleditsch, Halvard Buhaug, Inequality, Grievances, and Civil War, joint winner, Conflict Research Society Book of the Year, 2014 Ja Ian Chong, External Intervention and the Politics of State Formation: China, Indonesia, and Thailand, 1893–1952, winner of the 2014 Best Book Award, International Security Studies Section, International Studies Association Winson Chu, The German Minority in Interwar Poland, commended, 2012 Fraenkel Prize in Contemporary History (Category B), The Wiener Library for the Study of the Holocaust and Genocide, London

Vashem 2013 International Book Prize for Holocaust Research

James Epstein, Scandal of Colonial Rule: Power and Subversion in the British Atlantic during the Age of Revolution, co-winner of the 2013 Stansky Book Prize, North American Conference on British Studies Alberto J Espay and Anthony Lang, Common Movement Disorders Pitfalls: Case-Based Learning, highly commended, Neurology Category, British Medical Association Book Awards 2013 Christopher B Field, Vicente Barros, Thomas F Stocker and Qin Dahe, Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation: Special Report of the Intergovernmental Panel on Climate Change Kathleen J Frydl, The G.I. Bill, winner of the 2010 Louis Brownlow Book Award Thomas Gammeltoft-Hansen, Access to Asylum: International Refugee Law and the Globalisation of Migration Control, winner of the 2013 K. G. Idman Award

19


Awards and Prizes

Annual Report

Edward L Gibson, Boundary Control: Subnational Authoritarianism in Federal Democracies, winner of the 2014 V. O. Key Award, Southern Political Science Association

David P Williamson and David B Shmoy, The Design of Approximation Algorithms, winner of the 2013 Lanchester Prize

Stephen Gillam, Jan Yates and Padmanabhan Badrinath, Essential Public Health: Theory and Practice 2nd edition, highly commended, Public Health Category, British Medical Association Book Awards 2013 Julian Go, Patterns of Empire: The British and American Empires, 1688 to the Present, winner of the 2014 Francesco Guicciardini Prize for Best Book in Historical International Relations, International Studies Association Julia Guernsey, Sculpture and Social Dynamics in Preclassic Mesoamerica, Grand Prize winner of the 2013 University Co-op Robert W. Hamilton Book Awards Martin Harwit: In Search of the True Universe: The Tools, Shaping, and Cost of Cosmological Thought, winner of the 2013 Association of American Publishers PROSE Award in Cosmology and Astronomy Philip Hasleton and Douglas B Flieder, Spencer’s Pathology of the Lung, 6th edition, highly commended, Pathology Category, British Medical Association Book Awards 2013

2014

The following titles have all received the prize, ‘A Choice Outstanding Academic Title, 2013‘:

The Members of the Press Syndicate are pleased to present the following abstract of the financial statements of the Press for the year ended 30 April 2014.

• Scott Aaronson, Quantum Computing since Democritus • Pascale Aebischer and Kathryn Prince, Performing Early Modern Drama Today • Michael Alpert, The Republican Army in the Spanish Civil War, 1936–1939 • Tim Armstrong: The Logic of Slavery, Debt, Technology, and Pain in American Literature • Ivan Berend, An Economic History of Nineteenth-Century Europe: Diversity and Industrialization • Ezio Biglieri, Andrea J Goldsmith, Larry J Greenstein, Narayan B Mandayam and H Vincent Poor, Principles of Cognitive Radio

Jacques EC Hymans, Achieving Nuclear Ambitions: Scientists, Politicians, and Proliferation, winner of the 2014 Grawemeyer Award for Ideas in Improving World Order

• David J Cantrill and Imogen Poole, Vegetation of Antarctica through Geological Time

Robert E May, Slavery, Race, and Conquest in the Tropics: Lincoln, Douglas, and the Future of Latin America, finalist for the 2014 Gilder Lehrman Lincoln Prize John P McCormick, Machiavellian Democracy, winner of the 2013 Spitz Prize, International Conference for the Study of Political Thought Michael B Miller, Europe and the Maritime World: A Twentieth Century History, winner of the 2013 Hagley Prize in Business History Jeremy Mynott, Thucydides: The War of the Peloponnesians and the Athenians, winner, New Republic Best Book of 2013

• Simon Esmonde Cleary, The Roman West, AD 200–500: An Archaeological Study • Edward Copeland, The Silver Fork Novel: Fashionable Fiction in the Age of Reform • Lawrence A Cunningham, Contracts in the Real World: Stories of Popular Contracts and Why They Matter • Alin Fumurescu, Compromise: A Political and Philosophical History • Douglas M Gibler, The Territorial Peace: Borders, State Development, and International Conflict • Andrew Hiscock, Reading Memory in Early Modern Literature Kate Flint, The Cambridge History of Victorian Literature • Patrick Colm Hogan, How Authors’ Minds Make Stories • Stephen B Kaplan, Globalization and Austerity Politics in Latin America • Vernon James Knight, Jr, Iconographic Method in New World Prehistory

Rachel Neis, The Sense of Sight in Rabbinic Culture: Jewish Ways of Seeing in Late Antiquity, received honorable mention at the 2013 Jordan Schnitzer Book Awards, Biblical Studies, Rabbinics, and Jewish History and Culture in Antiquity category

• JS Maloy, Democratic Statecraft: Political Realism and Popular Power

Derek R Peterson, Ethnic Patriotism and the East African Revival: A History of Dissent, c.1935–1972, winner of the 2013 Martin A. Klein Prize in African History, American Historical Association and winner of the 2013 African Studies Association Melville J. Herskovits Award

• Cas Mudde and Cristóbal Rovira Kaltwasser, Populism in Europe and the Americas: Threat or Corrective for Democracy?

M Anne Pitcher, Party Politics and Economic Reform in Africa’s Democracies, received honourable mention for the 2012 Best Book Award, African Politics Conference Group Serhii Plokhy, The Cossack Myth: History and Nationhood in the Age of Empires, winner of the 2013 Historia Nova Prize for the Best Book on Russian Intellectual History, Mikhail Prokhorov Foundation and the Academic Studies Press Andrew I Port, Conflict and Stability in the German Democratic Republic, winner of the 2013 DAAD Prize for Distinguished Scholarship in German and European Studies George H Rieke, Measuring the Universe: A Multiwavelength Perspective, winner of the 2013 Chambliss Astronomical Writing Award Jerrold Seigel, Modernity and Bourgeois Life: Society, Politics, and Culture in England, France and Germany since 1750, winner of the 2014 Laura Shannon Prize in Contemporary European Studies

• Jason L Mast, The Performative Presidency: Crisis and Resurrection during the Clinton Years • David Moore, Fungal Biology in the Origin and Emergence of Life

• James Carleton Paget and Joachim Schaper, The New Cambridge History of the Bible: From the Beginnings to 600 • Brenda Gayle Plummer, In Search of Power: African Americans in the Era of Decolonization, 1956–1974 • David B Resnik, Environmental Health Ethics • Michael Rowan-Robinson, Night Vision: Exploring the Infrared Universe • Walter Scheidel, The Cambridge Companion to the Roman Economy • Harold Schobert, Chemistry of Fossil Fuels and Biofuels • Jerrold Seigel, Modernity and Bourgeois Life: Society, Politics, and Culture in England, France and Germany since 1750 • Philip J Stooke, The International Atlas of Mars Exploration, The First Five Decades Volume 1: 1953 to 2003 • John K Thornton, A Cultural History of the Atlantic World, 1250–1820 • Ian P Wei, Intellectual Culture in Medieval Paris: Theologians and the University, c.1100–1330

Mahmood Shafi and Saloney Nazeer, Colposcopy: A Practical Guide 2nd edition, winner, first prize, Obstetrics and Gynaecology Category, British Medical Association Book Awards 2013

Viscomm: A Guide to Visual Communication Design Units 1–4, winner of the Australian Publishers Association Education Awards: Secondary Student Resource – Senior

Osama Siddique, Pakistan’s Experience with Formal Law: An Alien Justice, winner of the 2014 Karachi Literature Festival Coca Cola Best Non-Fiction Book Award

A title from the long-standing Cambridge English Readers collection, Man Hunt, won first prize in the Extended Reading Foundation’s Language Learner Literature Award, and two other readers have been selected as Finalists for the 2014 awards later this year.

Sherrill Stroschein, Ethnic Struggle, Coexistence, and Democratization in Eastern Europe, received honourable mention for the 2014 Distinguished Book Award, Ethnicity, Nationalism and Migration Section, International Studies Association Joel P Trachtman, The Future of International Law: Global Government, winner of the 2014 ISA International Law Section Book Award

20

Abstract of the Financial Statements

Abstract of the Financial Statements

• Jason Brownlee, Democracy Prevention: The Politics of the U.S.Egyptian Alliance

Adria K Lawrence, Imperial Rule and the Politics of Nationalism: AntiColonial Protest in the French Empire, a 2013 Foreign Policy Best Book on the Middle East

2014

Lawrence R Walker and Aaron B Shiels, Landslide Ecology, winner of the Postgraduate Textbooks category, Society of Biology Book Awards 2013

David Hopkin, Voices of the People in Nineteenth-Century France, winner of the 2013 Katharine Briggs Folklore Award

Pauline Kleingeld, Kant and Cosmopolitanism: The Philosophical Ideal of World Citizenship, winner of the 2013 NAKS Biennial Book Prize

Annual Report

For the second consecutive year, a Cambridge Handbooks for Language Teachers series title, Language Learning with Technology, was awarded the prestigious HRH The Duke of Edinburgh English Language Book Award, by the English Speaking Union. This same title was also shortlisted for the ‘Innovation in Teacher Resources’ ELTon Award by the British Council.

The Press Syndicate Members of the Press Syndicate who served during the 12 months ended 30 April 2014 and up until the date of approval of these financial abstracts, unless otherwise stated, were as follows: Sir David Bell, Chair Dr Toke Aidt Professor Ron Carter, MBE, appointed 1 January 2014 Dr Jean Chothia Professor Cathie Clarke Professor Tim Cox, resigned 1 January 2014 Dr Emily Gowers Dr Tim Harper Professor David Ibbetson Professor Frank Kelly, CBE Dr Joan Lasenby Professor David McKitterick Professor Tony Minson, resigned 1 January 2014 Mr Andrew Reid, University Director of Finance Dr Nigel Richardson Professor David Runciman Dr Sue Swaffield Mr Stan Webster, OBE Professor Sarah Worthington The Secretary of the Press Syndicate is Mr Peter Phillips, Chief Executive of Cambridge University Press and University Printer of Cambridge University.

Operating Board The Operating Board is the body that exercises general oversight of the Press’s operations on behalf of the Syndicate and approves key decisions and financial commitments according to clearly defined criteria set out in its Terms of Reference. The Operating Board receives the recommendation of the Audit Committee on the annual financial statements and reviews and approves them on behalf of the Syndicate as a whole. Members of the Operating Board who served from 1 May 2013 and up until the date of approval of these financial statements, unless otherwise stated, were as follows: Sir David Bell, Chair, Syndic Professor Ron Carter, MBE, Co-optee/Syndic1 Mr Andrew Chandler, Executive Mrs Sherry Coutu, CBE, Co-optee Dr Joan Lasenby, Syndic Professor David McKitterick, Syndic Professor Tony Minson, Syndic/Co-optee2 Mr Peter Phillips, Executive Mr Andrew Reid, University Director of Finance, Syndic Professor David Runciman, Syndic Mr Kevin Taylor, Secretary, Executive Mr Nick Temple, appointed 22 November 2013, Co-optee Mr Stan Webster, OBE, Syndic Professor Sarah Worthington, Syndic 1

On 1 January 2014 Professor Ron Carter, MBE was appointed as and served as a Syndic rather than Co-optee from that date.

2

On 1 January 2014 Professor Tony Minson resigned as a Syndic, but continued his service as a Co-optee.

Academic Publishing Committee The Academic Publishing Committee approves every Academic title (books and journals). Members who served from 1 May 2013 and up until the date of approval of these financial statements, unless otherwise stated, were as follows: Professor David McKitterick, Chair, Syndic Dr Toke Aidt, Syndic Dr Jean Chothia, Syndic Professor Cathie Clarke, Syndic Professor Tim Cox, Syndic/Co-optee1 Mr Richard Fisher, Executive Dr Emily Gowers, Syndic Dr Tim Harper, Syndic Professor David Ibbetson, Syndic Professor Frank Kelly, CBE, Syndic Dr Joan Lasenby, Syndic Professor Tony Minson, Syndic/Co-optee2 Mr Peter Phillips, Executive Mr Simon Ross, Executive Professor David Runciman, Syndic Mr Kevin Taylor, Secretary, Executive 1

On 1 January 2014 Professor Tim Cox resigned as a Syndic, but continued his service as a Co-optee.

2

On 1 January 2014 Professor Tony Minson resigned as a Syndic, but continued his service as a Co-optee.

ELT & Education Publishing Committee The ELT & Education Publishing Committee approves the publishing programmes of the ELT and Education businesses. Members who served from 1 May 2013 and up until the date of approval of these financial statements, unless otherwise stated, were as follows: Professor Ron Carter, MBE, Chair, Co-optee/Syndic1 Ms Linden Harris, appointed 21 February 2014, Executive Professor Chris Kennedy, appointed 8 April 2014, Co-optee Mr Michael Peluse, Executive Mr Peter Phillips, Executive Mrs Hanri Pieterse, Executive Dr Nigel Richardson, Syndic Dr Sue Swaffield, Syndic Mr Kevin Taylor, Secretary, Executive Mr Neil Tomkins, appointed 21 February 2014, Executive 1

On 1 January 2014 Professor Ron Carter, MBE was appointed as and served as a Syndic rather than Co-optee from that date.

Audit Committee Professor Sarah Worthington, Chair, Syndic Mr Jim Potter, resigned 1 January 2014, Co-optee Mr Nick Temple, Co-optee Mr Stan Webster, appointed 15 November 2013, Syndic Mrs Joanna Womack, Co-optee Members of the Executive and senior management are invited to attend as required, but are excluded from regular confidential sessions with external auditors.

21


Abstract of the Financial Statements

Annual Report

Remuneration Committee

Independent auditors’ statement to the Syndics of Cambridge University Press

Sir David Bell, Chair, Syndic Professor Tony Minson, Syndic/Co-optee1 Mr Stan Webster, OBE, Syndic 1

On 1 January 2014 Professor Tony Minson resigned as a Syndic, but continued his service as a Co-optee.

The Remuneration Committee determines the remuneration of the Chief Executive and other specified senior executives. The Press’s Director for People is normally invited to attend meetings of this committee.

The Executive and Management The day-to-day management of the Press is delegated to the Chief Executive, who appoints the Press Board (currently consisting of 11 (2013: 12) Directors), and other staff as he deems necessary to conduct the Press’s business around the world. Members of the Press Board who served during the 12 months ended 30 April 2014 and up until the date of approval of these financial statements, unless otherwise stated, were as follows: Mr Peter Phillips, Chair Mrs Cathy Armor Mr William Bowes Mr Andrew Chandler Mr Richard Fisher Mr Tony Lund, resigned 1 May 2014 Mr Mark Maddocks Mr Michael Peluse Mrs Hanri Pieterse Mr Simon Ross Mr Kevin Taylor Mrs Sandra Waterhouse

Syndics’ Statement The Abstract of Consolidated Statement of Financial Activities, the Consolidated Balance Sheet and the Abstract of Funds Reconciliation of Cambridge University Press for the year ended 30 April 2014 (the ‘abstract of the financial statements’) presented on ‘Abstract of the Financial Statements’ on page 23 are not full financial statements of Cambridge University Press, but a summary of information derived therefrom. Under Statute J of the University of Cambridge, the Syndics are responsible for preparing full financial statements and for having these audited. The Syndics have elected to prepare the full financial statements in accordance with the requirements of Statement of Recommended Practice: Accounting and Reporting by Charities (revised 2005). The full financial statements, from which the abstract of the financial statements is derived, were approved by the Syndics on 31 July 2014. The independent auditors’ report on the financial statements was unmodified. The full financial statements are available on request from Cambridge University Press, University Printing House, Shaftesbury Road, Cambridge CB2 8BS.

2014

We have examined the abstract of the financial statements of Cambridge University Press which comprise the Abstract of Consolidated Statement of Financial Activities, the Consolidated Balance Sheet and the Abstract of Funds Reconciliation set out on page 23.

Respective responsibilities of Syndics and auditors The Syndics are responsible, under Statute J of the University of Cambridge, for preparing the Cambridge University Press Annual Report for the year ended 30 April 2014 (the ‘Annual Report’), including the abstract of the financial statements. The Syndics have elected to prepare the abstract of the full financial statements in accordance with relevant requirements of Statement of Recommended Practice: Accounting and Reporting for Charities (revised 2005) (‘the SORP’). Our responsibility is to report to you our opinion on the consistency of the abstract of the financial statements within the Annual Report with the full financial statements, and their compliance with the relevant requirements of the SORP. We also read the other information contained in the Annual Report and consider the implications for our statement if we become aware of any apparent misstatements or material inconsistencies with the abstract financial statements. The other information comprises only the Chair’s Introduction and the other items listed on the contents page. This statement, including the opinion, has been prepared for and only for the Syndics of Cambridge University Press as a body in accordance with our engagement letter dated 9 October 2013 to assist in discharging its responsibilities under Statute J of the University of Cambridge and for no other purpose. We do not, in giving this opinion, accept or assume responsibility for any other purpose or to any other person to whom this statement is shown or into whose hands it may come save where expressly agreed by our prior consent in writing. We conducted our work in accordance with Bulletin 2008/3 issued by the Auditing Practices Board. Our report on the full financial statements of Cambridge University Press describes the basis of our audit opinion on those financial statements.

Our opinion In our opinion the abstract financial statements are consistent with the full financial statements of Cambridge University Press for the year ended 30 April 2014, which themselves comply with the relevant requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities (revised 2005).

Chair of the Press Syndicate

Abstract of the Financial Statements

Abstract of the Financial Statements Abstract of Consolidated Statement of Financial Activities for the year ended 30 April 2014 Incoming resources from charitable activities

2014 £’m

2013 £’m

263.4

261.7

Operating surplus

8.0

8.2

Profit on disposal of tangible fixed assets

0.6

6.0

Net incoming resources before transfers, tax and minority interests

8.6

14.2

Taxation

(2.0)

(2.3)

Attributable to minority interests

(0.1)

(0.1)

Net incoming resources before other recognised gains and losses

6.5

11.8

Other recognised gains and losses Actuarial gain/(loss) on post-retirement benefits

8.2

(3.6)

Currency translation loss

(8.1)

(0.7)

Net movement in funds

6.6

7.5

2014 £’m

2013 £’m

Consolidated Balance Sheet at 30 April 2014 Fixed assets Intangible fixed assets

3.3

2.6

Tangible assets

49.8

44.1

Investment in joint ventures

0.2

0.2

53.3

46.9

Current assets Pre-publication costs

25.8

28.7

Stocks

23.7

29.7

Debtors

70.6

80.4

Cash at bank and in hand

39.3

47.4

159.4

186.2

Creditors: amounts falling due within one year

(79.9)

(89.1)

Net current assets

79.5

97.1

Total assets less current liabilities

132.8

144.0

Creditors: amounts falling due after more than one year Net assets excluding post-retirement liabilities

(3.5)

(5.0)

129.3

139.0

Defined benefit pension scheme liability

(72.9)

(82.5)

Other post-retirement benefits liability

(20.7)

(24.1)

Net assets

35.7

32.4

General (unrestricted)

128.8

137.4

Pension and other post-retirement benefit reserve

(93.6)

(106.6)

Minority interest PricewaterhouseCoopers LLP 31 July 2014

a) The maintenance and integrity of the Cambridge University Press website is the responsibility of the Syndics; the work carried out by the auditors does not involve consideration of these matters and, accordingly, the auditors accept no responsibility for any changes that may have occurred to the financial statements since they were initially presented on the website. b) Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

22

2014

Funds

Notes

Sir David Bell

Annual Report

0.5

1.6

35.7

32.4

2014 £’m

2013 £’m

Abstract of Funds Reconciliation for the year ended 30 April 2014 Net movement in funds

6.6

7.5

Transfer of funds to the University of Cambridge

(2.2)

(1.9)

Net addition to funds

4.4 35.2

5.6 30.8

Closing funds before minority interests Minority interests Closing funds

0.5

1.6

35.7

32.4

23


Appendix

Annual Report

2014

Appendix Statute J of the University of Cambridge: The University Press 1. There shall be in the University a University Press which shall be devoted to printing and publishing in the furtherance of the acquisition, advancement, conservation, and dissemination of knowledge in all subjects; to the advancement of education, religion, learning, and research; and to the advancement of literature and good letters. 2. There shall be in the University a Press Syndicate. The management of the finance, property, and affairs generally of the University Press shall be the responsibility of the Press Syndicate which shall exercise in relation thereto all the powers of the University except in so far as the Statutes and Ordinances expressly or by necessary implication provide otherwise. The Press Syndicate shall consist of the Vice-Chancellor or a duly appointed deputy as Chairman and such number of members of the Senate appointed in such manner as shall be determined from time to time by Ordinance. 3. The Press Syndicate shall have power in the name of the University and for the purposes of the University Press to exercise the powers in section 1 of Chapter III of Statute F. These powers shall apply to investment as well as to any other activity or function of the University Press. Save only insofar as the Statutes, Ordinances or regulations enacted under Statute J, 5 expressly or by necessary implication provide otherwise, these powers may be exercised at the absolute discretion of the Press Syndicate. 4. All income accruing to the University Press shall be credited to the accounts of the Press Syndicate and all University Press capital and income shall be controlled by the Press Syndicate and applied by them at their sole discretion for the purposes of the University Press. 5. The Council shall have authority to impose limitations on the power of the Press Syndicate to enter into any financial commitments or to grant security on the property of the University Press. 6. The Press Syndicate shall have power in the name of the University to engage persons for employment in the service of the University Press, determine their salaries and pensions, and prescribe the conditions of their service. 7. Persons holding certain posts in the University Press which have been specially designated under this section by the Council on the recommendation of the Press Syndicate shall be treated as University officers for the purposes of Statute A, III, 7(b), Statute B, I, 1, Statute

24

B, III, 6, and Statute K, 3(h). The following have been specially designated under this section: the Secretary of the Press Syndicate, Directors, Associate Directors, Senior Editors, and Senior Managers of the Press. 8. The accounts of the University Press shall be audited annually by one or more qualified accountants appointed by the Council. The Council shall in every year appoint one or more persons from among the members of the Finance Committee, who shall examine these accounts, confer with the auditor or auditors, and report to the Council. 9. There shall be a Press Seal, as a seal of the University to be used on the directions of the Press Syndicate in matters relating to the affairs of the University Press; but the existence of the Press Seal shall not invalidate the use in connection with such matters of any other seal of the University. The University shall have power to make Ordinances concerning the custody and affixing of the Press Seal. 10. The Press Syndicate shall have power to delegate any of their powers under this Statute subject to any limitations imposed by Ordinance. 11. The term property of the University Press here and elsewhere in Statutes and Ordinances shall refer to property of the University, both real and personal, held or used for the purposes of the University Press. In favour of any person having dealings with the University Press a certificate signed by the Registrary that any particular property is the property of the University Press, or that any limitations imposed under Statute J, 5 have been complied with, shall be conclusive. 12. The Press Syndicate shall make an Annual Report to the Council, which shall be published to the University either as a whole or in summary. 13. Notwithstanding the provisions of the foregoing sections, the Council shall have power in circumstances which the Council deems to be exceptional, on the advice of its Finance Committee, to discharge the Press Syndicate, and to assume full responsibility itself for the management of the Press for the time being. If the Council has occasion to exercise the powers available under this section, the Council shall make a full report to the University on the circumstances necessitating such action.


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