Oxford University’s St John’s College has bought the city’s Eagle and Child pub as an investment which is expected to help fund scholarships and grants for poorer students. The college already owns the Lamb & Flag and has three Lamb & Flag scholarships for graduate students, funded from the pub’s £60,000-a-year profits. The Eagle and Child is currently leased to Mitchells & Butlers. The lease expires in several years’ time. The college’s governing body has discussed running the pub itself, as it does the Lamb & Flag, which it took over from Scottish & Newcastle. St John’s also owns the Royal Oak, in North Oxford and the Gardeners Arms, on Plantation Road, in the city. The Times 10/07/04 page 55 (Need to know), page 56