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UBC Library News Feb 28, 1986

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 ubc library news
new series no. 14/february 1986
LIBRARY COLLECTIONS BUDGET
The coming fiscal year looks as if it will be a time of considerable difficulty for book purchases
and serial subscriptions. We have managed to survive the effects of inflation over the last few
years, despite the fact that our collections budget has increased only five percent in that time.
In recent months, however, the Canadian dollar has dropped drastically against the major world
currencies, particularly those of Europe and Japan. Current exchange rates for the most
important European currencies and for the yen are 30-35% worse than they were last January.
The fall against the U.S. dollar has not been as large, but it is still down 5% from January 1985
to January 1986. Of course internal cost increases in the country of origin must be added to the
above figures to get a complete picture of the cost increases to Canadian libraries.
The effect of these changes in the current fiscal year has been mostly cushioned by a reserve
carried forward from the previous year for just this purpose - to buy time to deal with the
effects of drastic exchange rate problems. Next fiscal year, however,.we must live within our
budget and this may mean substantial reductions in the books and serials which we can afford to
buy. At this time we have no indication of what the collections budget for 1986/87 will be. We
certainly hope that there will be no actual dollar reduction, but whether any increase will be
possible cannot be determined until something is known about the University's overall funding for
next year. We estimate that a budget increase of 10-12% ($400,000 - $500,000) would be
necessary to avoid any reductions in purchasing levels.
REDUCTIONS IN PURCHASING
The Library has had to begin making plans for the sort of reductions which may be necessary and
is discussing these with the Senate Library Committee. At present, the detailed planning is
chiefly within the individual library units, which are examining their serials for possible
cancellations and assessing whether the reductions should be primarily in book acquisitions or in
serial subscriptions.
CONSULTATION ON SERIAL CANCELLATIONS
A letter describing the details of the process of consultation with academic departments has
been sent to the department heads and departmental library representatives. Briefly the process
is as follows -
Up to the end of February
March and April
Library staff will prepare lists of
proposed cancellations.
Faculty members may consult a list
of the library's subscriptions in the
major library units and suggest
possible cancellations if they wish.
These should be channeled through
library representatives or academic
department heads.
Lists of proposed cancellations will
be sent out to academic departments May and June
as early in this period as possible.
Comments on the proposals and
alternative suggestions should be
returned by the end of April.
The final decisions will have to be
made on the extent of the reductions
which are necessary and how these
will be achieved. The Senate Library
Committee will be fully involved in
this process.
If you have any questions, please phone Tony Jeffreys, Assistant Librarian for Collections, 2740.
EXCHANGE RATES FOR SOME MAJOR CURRENCIES
Canadian dollars per unit
U.S.
dollar
$1.2948
U.K.
pound
1.7300
French
franc
0.1487
German
mark
0.4564
Japanese
yen
1984 average
0.005457
1985 January average
$1.3238
1.4925
0.1365
0.4177
0.005210
January 10, 1986
$1.3935
2.0289
0.1855
0.5687
0.006893
Increase in cost of
one unit of foreign
currency from January
1985 to January 1986
5%
36%
36%
36%
32%
Editor: Julie Stevens
Information & Orientation Division
University of British Columbia Library
issn 0382-0661

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