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In page Oxford University Press:

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Offered to Oxford by James Murray and the Philological Society, the "New English Dictionary" was a grand academic and patriotic undertaking. Lengthy negotiations led to a formal contract. Murray was to edit a work estimated to take ten years and to cost approximately £9,000.[26] Both figures were wildly optimistic. The Dictionary began appearing in print in 1884, but the first edition was not completed until 1928, 13 years after Murray's death, costing around £375,000.[27] This vast financial burden and its implications landed on Price's successors.[citation needed]