Abstract
ABSTRACT The PEF was founded as a charity, relying almost entirely on public generosity for its funding. Its insecure financial basis was at odds with its ambitious programme of surveys and excavations, which required sizeable and stable funding for periods of years. This dichotomy precipitated financial crises which occasionally brought the organisation almost to its knees. Yet, despite all the odds, it managed to chalk up impressive achievements. The financial shortcomings and the ways in which they were addressed, as well as the special factors responsible for the ultimate success of early PEF endeavours, are examined and discussed.
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