Chapter XII - 1451k - the University Offices - University of Cambridge

866 TRUST EMOLUMENTS
Fund.
Purpose.
LEVERTON HARRIS FUND
1. The moneys received by the University under the Will of the Rt Hon. F. Leverton Harris in 1926,
and announced in the Reporter on 7 December 1926, shall be called the Leverton Harris Fund.
2. The income of the Fund shall be expended from time to time by the Director of the Fitzwilliam
Museum on the purchase of works of art.
Stat. E,
XXXVIII.
Name.
Managers.
Studentship
endowed.
Increase of
Fund.
Who may be
candidates.
Emolument.
Tenure.
Unexpended
income.
Duties of the
Student.
Alterations.
BENN W. LEVY FUND AND STUDENTSHIP
1. The Fund shall be called the Benn W. Levy Fund, and shall be devoted to the furtherance of
original research in Biochemistry.
2. The Managers of the Fund shall be
(a) the Sir William Dunn Professor of Biochemistry, who shall be Chairman of the Managers;
(b) one person appointed by the Faculty Board of Clinical Medicine;
(c) one person appointed by the Faculty Board of Veterinary Medicine;
(d) two persons appointed by the Faculty Board of Biology;
(e) one person appointed by the Faculty Board of Physics and Chemistry.
Managers in classes (b)–(e) shall be appointed in the Michaelmas Term to serve for four years from
1 January following their appointment. No resolution of the Managers shall be valid unless approved
by at least three of them at a meeting to which they have all been summoned, save that a resolution
circulated to and signed by all the Managers shall have the same validity as a resolution carried at a
meeting.
3. The income of the present Trust Fund not exceeding £100 per annum shall from time to time as
and when received be paid to the Managers and placed to a separate account, and shall be applied
from time to time to endow a Studentship to be called the Benn W. Levy Studentship, the holder of
which shall undertake original research in Biochemistry. Any income from the Trust Fund not applied
for the purpose aforesaid or accruing during any vacancy in the Studentship shall be accumulated and
added to the capital of the Fund, 1 and when such Trust Fund together with such accumulated income
shall amount to £4,000 2 the full income of such Trust Fund and accumulated fund shall be applied for
the purposes of the said Studentship; but the Managers shall have power at any time and from time to
time to apply the accumulations or any part thereof to make good any deficiency in the income of
£100 per annum in any year.
4. The Managers shall give due notice of their intention to proceed to an election.
5. The Studentship shall be open to members of the University of Cambridge who have been
admitted to a degree. It shall not be awarded on the result of a competitive examination.
6. The emolument of the Studentship shall be determined by the Managers within a range approved
from time to time by the Council.
7. The Studentship shall be tenable for such period as the Managers shall determine on the occasion
of each election.
8. Any balance of the income of the Fund, after payment of the stipend of the Student, may be
used by the Managers at their discretion
(a) to provide one or more additional Studentships;
(b) to make grants to the holder of a Studentship towards the expenses of his or her research.
9. The Student during the tenure of the Studentship shall undertake original research in Biochemistry,
and shall not systematically follow any business or profession, or engage in any educational or other
work, which, in the opinion of those entrusted with the administration of the Fund, would seriously
interfere with his or her inquiries. In any books, papers, or other publications containing the results of
investigations carried out during the tenure of the Studentship, the Student shall, where practicable,
use the title ‘Benn W. Levy Student’.
10. These regulations, except Regulations 1, 3, 9, and this regulation shall be subject to alteration
by Grace, always provided that the main object of the Fund, namely the furtherance of original research
in Biochemistry, shall be adhered to.
1
But see also Statute E, XXXVIII and Regulation 10.
2
The Trust Fund together with accumulated income currently amounts to over £4,000.