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During Clay's administration, the Press also undertook a sizeable co-publishing venture with Oxford: the Revised Version of the Bible, which was begun in 1870 and completed in 1885. Wright as Secretary of the Press Syndicate in 1892 marked the beginning of the Press's development as a modern publishing business with a clearly defined editorial policy and administrative structure.
It was in this period as well that the Syndics of the press turned down what later became the Oxford English Dictionary - a proposal for which was brought to Cambridge by James Murray before he turned to Oxford. It was Wright (with two great historians, Lord Acton and F. Maitland) who devised the plan for one of the most distinctive Cambridge contributions to publishing - the Cambridge Histories.
The London Stationers objected strenuously, claiming that they had the monopoly on Bible printing.
The university's response was to point out the provision in its charter to print "all manner of books".
The Syndicate has delegated its powers to a Press & Assessment Board, which has an Audit Committee, Remuneration Committee and Nominations Committee (all shared with Cambridge Assessment); and to an Academic Publishing Committee and an English Language Teaching & Education Publishing Committee.
It originated from letters patent granted to the University of Cambridge by Henry VIII in 1534, and has been producing books continuously since the first University Press book was printed.