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

766 TRUST EMOLUMENTS
Professor.
Unexpended
income.
3. The first charge on the Fund shall be the stipend, national insurance, pension contributions, and
associated indirect costs payable by the University in respect of the BP Foundation McKenzie Professor
of Earth Sciences and any other University offices and posts in the field of quantitative physical Earth
Sciences as may be established from time to time by the University, or the General Board, as a charge
on the Fund.
4. After provision has been made in accordance with Regulation 3, or during a vacancy in the
Professorship, the income of the Fund may be applied at the discretion of the Managers for the support
of research in quantitative physical Earth Sciences, including supporting the work of the Professor.
5. Any unexpended income of the Fund in a financial year may be either added to the capital of
the Fund or accumulated for use as income in future years, as the Managers may determine.
Title and
purpose.
Managers.
Duties.
Professor.
Unexpended
income.
BP INSTITUTE FUND
1. The sums received from British Petroleum plc for the support of work in Petroleum Science shall
form a fund called the BP Institute Fund.
2. The Fund shall be under the control of a Board of Managers who shall be:
(a) three persons appointed by the General Board, two of whom shall be appointed on the nomination
of British Petroleum plc;
(b) the Heads of the Departments of Earth Sciences, of Applied Mathematics and Theoretical Physics,
of Chemistry, of Engineering, and of Chemical Engineering and Biotechnology, or their
representatives;
(c) the BP Professor of Petroleum Science;
(d) one person appointed by the Council of the School of the Physical Sciences and one by the
Council of the School of Technology;
(e) not more than three persons co-opted at the discretion of the Managers.
Members of the Board of Managers in classes (a) and (d) shall be appointed in the Michaelmas Term
to serve for four years from 1 January following their appointment. Members in class (e) shall serve
until 31 December of the year in which they are co-opted or of the following year, as the Managers
shall determine at the time of their co-optation.
3. The General Board shall appoint one of the Managers in class (a) to be Chairman. The Managers
shall elect one of their number to act as Secretary.
4. The Managers shall be responsible for the administration of the Fund in support of teaching and
research in Petroleum Science, for guiding the work of the Institute, and for encouraging collaboration
with cognate Departments in the area of Petroleum Science.
5. The first charge on the Fund shall be the stipend, national insurance, pension contributions, and
associated indirect costs payable by the University in respect of the BP Professor of Petroleum Science,
and of the holders of such other University offices and posts as may be established from time to time
by the University or the General Board as a charge on the Fund.
6. After provision has been made in accordance with Regulation 5, the capital and the income of
the Fund shall be applied at the discretion of the Managers for the support of work in Petroleum
Science in the Institute.
7. Any unexpended income of the Fund in a financial year may be either added to the capital of
the Fund or accumulated for use as income in future years, as the Managers may determine.
Fund and
purpose.
Managers.
JAMES BAIRD FUND
1. The sum of £720,000 received under the Will of Mrs A. D. Sennitt shall form a fund which, in
accordance with the terms of the Will, shall be called the James Baird Fund and shall be used to assist
postgraduate students of the University in undertaking research in Medicine.
2. The Fund shall be administered by a Board of Managers consisting of:
(a) the Regius Professor of Physic;
(b) two persons appointed by the Faculty Board of Clinical Medicine;
(c) one person appointed by the Faculty Board of Biology.
Managers in classes (b) and (c) shall be appointed in the Michaelmas Term to serve for four years
from 1 January following their appointment. The Managers shall elect annually one of their number