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The cost per loan for the manual circulation system at the University of Essex Library is calculated for 1970/71 and predicted for 1973/74 and 1976/77. An allowance is made for the time spent by library users when borrowing books. Likely costs for an on‐line circulation system are also calculated. A table is given for manual, off‐line and on‐line circulation systems costs for several university libraries.

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