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

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946 TRUST EMOLUMENTS Unexpended income. Proviso. 11. Any unexpended income accumulated in the Fund shall be applied at the discretion of the Electors for the encouragement of research in Botany in such ways as they shall from time to time determine. 12. These regulations, except Regulation 1, shall be subject to alteration by Grace, but so always that the principal object of the Fund, namely, the encouragement of research in Botany, shall be maintained. Title. Value. By whom awarded. For proficiency in Botany and Zoology. Proviso. If no award. Regulations may be altered. FRANK SMART PRIZES 1. The annual income of the Frank Smart Prize Fund shall be used to provide a Frank Smart Prize for Botany and a Frank Smart Prize for Zoology. 2. The value of each Prize shall be half the annual income of the Fund. 3. The Prizes shall be awarded by a Board consisting of the Regius Professor of Botany, the Professor of Zoology, and the Examiners in Plant Sciences and Zoology for the Natural Sciences Tripos of the year in which the award is made. No business shall be transacted unless three members of the Board be present. 4. The Prize for Botany shall be awarded in June of each year to that member of the University who, having passed Part IB of the Natural Sciences Tripos and not being of more than ten terms’ standing, is in the opinion of the Board most proficient in the Science of Botany. The Prize for Zoology shall be awarded in June of each year to that member of the University who, having passed Part II of the Natural Sciences Tripos and not being of more than thirteen terms’ standing, is in the opinion of the Board most proficient in the Science of Zoology. 5. Neither Prize shall be awarded more than once to the same candidate. 6. In case no person be deemed worthy of one of the Prizes the sum available for that Prize shall be added to the capital of the Fund. 7. These regulations shall be subject to alteration by Grace, but so always that the principal object of the Fund, namely, the encouragement of the study of Botany and Zoology in the University, shall be maintained. Prizes. Value. Grants. Amendment of regulations. ADAM SMITH PRIZE ENDOWMENT FUND 1. Two Adam Smith Prizes shall be awarded annually by the Examiners for Part IIB of the Economics Tripos, as follows: (a) the Adam Smith Prize shall be awarded for the best overall performance in Part IIB; (b) the Adam Smith Dissertation Prize shall be awarded for the best dissertation submitted by a candidate for Part IIB. 2. The value of each Prize shall be one quarter of the annual income of the Fund. 3. In awarding the Prizes the Examiners shall be governed chiefly by the quality of the work done, and shall have regard to the candidates’ constructive ability and their grasp of scientific principles rather than to the erudition displayed. 4. After provision has been made, in accordance with the foregoing regulations, for the award of Adam Smith Prizes, the balance of the annual income and any unexpended income accumulated in the Fund shall be applied from time to time at the discretion of the Faculty Board of Economics, on the recommendation of a committee of Managers consisting of the Chairman and the Secretary for the time being of the Degree Committee for the Faculty of Economics and one other person appointed for a period of three years from 1 January by the Faculty Board of Economics, for the purpose of making grants to registered Graduate Students who are following a course of research in Economics and are in need of financial assistance. In considering a student for the award of a grant from the Fund, the Board and the Managers shall have regard to evidence not only of financial hardship but also of academic merit. 5. It shall be open to the University, on the recommendation of the Faculty Board of Economics, to alter these regulations from time to time provided that (a) the Fund shall be devoted to the encouragement of study or research in Economics; (b) any Prize provided from the Fund shall be entitled an Adam Smith Prize and shall be awarded in accordance with the provisions of Regulation 3.
FUNDS, STUDENTSHIPS, PRIZES, LECTURESHIPS, ETC. 947 HERBERT SMITH PRIZE IN THE CONFLICT OF LAWS 1. The sum made available annually by Messrs Herbert Smith shall be used to provide a prize called the Herbert Smith Prize in the Conflict of Laws. 2. The Prize shall be awarded by the Examiners for Part II of the Law Tripos to the candidate who has shown the greatest distinction in the subject Conflict of Laws in that examination. Prize. How awarded. HERCHEL SMITH FELLOWSHIP FUND 1. The sum of £17.25m bequeathed to the University by the late Dr Herchel Smith to support postdoctoral research at Cambridge shall form a fund called the Herchel Smith Fellowship Fund. The income from the Fund shall be used for the purpose of providing the stipends, national insurance, pension contributions, and indirect costs of such number of Herchel Smith Fellows as shall be determined from time to time by the Managers of the Fund, such expenses incurred by the Fellows as may be approved by the Managers, and expenses connected with the administration of the Fund. 2. The Fund shall be administered, and the Fellows elected, by a Board of Managers consisting of: (a) one person each appointed by the Schools of the Biological Sciences and the Physical Sciences; (b) two persons appointed by the General Board, one of whom shall be Chairman. 3. The Managers shall give not less than three months’ notice of their intention to proceed to an election. They shall be empowered to indicate in their Notice that for election in any particular year preference will be given to candidates working in a specific field or fields. If in any year, whatever the number of vacancies, in the Managers’ opinion there are no suitable candidates, they shall not be bound to make an election. 4. A graduate of any university, but normally excepting the Universities of Cambridge and Harvard, who is of postdoctoral or equivalent status shall be eligible to apply for a Fellowship provided that a Fellow shall have been awarded his or her Ph.D. Degree, or equivalent, not more than three years before the date on which tenure of the Fellowship will commence. 5. The Fellowship shall be tenable for at least two but not more than three years and shall not be renewable. 6. It shall be the duty of a Fellow to undertake full-time research in a subject approved by the Managers within the fields of Pure Mathematics, Physics, Organic Chemistry, Biochemistry, or Molecular Biology, or in related fields in the Experimental Natural Sciences (but excluding the History and Philosophy of Science). The research work shall be carried out in Cambridge (unless in special circumstances the Managers give leave for it to be carried out elsewhere) and shall be subject to such conditions as the Managers may impose. In any books, papers, or other publications containing the results of investigations carried out during the tenure of the Fellowship, the Fellow shall, where practicable, use the title ‘Herchel Smith Fellow’. 7. A Fellow may, with the permission of the Managers, undertake not more than six hours’ teaching work a week for remuneration without suffering any deduction from the stipend of the Fellowship. 8. The annual stipend of a Fellow shall be such sum as shall be determined by the Managers, within a range approved from time to time by the Council. 9. The Managers shall make grants from the Fund to cover the expenses incurred in the appointment of the Fellows. They shall also be empowered to make grants for purposes in support of a Fellow’s research, provided that the income of the Fund is capable of bearing such a charge. 10. The Managers may make the payment of the stipend of a Fellow, or of an instalment of the stipend, conditional on their approval of a report from the Fellow on the progress of his or her research. The Managers may delegate the consideration of a Fellow’s report to one or more of themselves. The Managers may terminate the tenure of a Fellow at any time if, in their opinion, he or she is unfit to continue to hold the Fellowship. 11. A Fellow shall inform the Managers of the award of any other emolument or his or her intention to undertake work other than work approved by the Managers in accordance with Regulations 6 and 7. On receiving such information the Managers shall consider whether a reduction should be made in the amount of the Fellow’s stipend. 12. After provision has been made for the Fellowships in accordance with Regulations 1 and 9, any unexpended income of the Fund in a financial year may, at the discretion of the Managers: (a) be added to the capital of the Fund; (b) be accumulated for use as income in subsequent years; Title and purpose. Managers. Notice of election and application. Tenure. Duties. Teaching work. Stipend. Grants. Stipend conditions. Unexpended income.
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Chapter XII - 1451k - the University Offices - University of Cambridge

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