 When the college was dissolved in 1854, the books of the collection listed for preservation were transferred to the newly formed Calcutta Public Library, now the National Library.The court of directors of the British East India Company were never in favour of a training college in Calcutta, and for that reason there was always a lack of funds for running the college.Subsequently, a separate college for the purpose, the East India Company College at Haileybury (England), was established in 1807.