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

FUNDS, STUDENTSHIPS, PRIZES, LECTURESHIPS, ETC.
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ERSKINE CHAMBERS PRIZE FOR COMPANY LAW
1. The sum received annually from Erskine Chambers shall be applied in equal amounts as follows:
(a) to provide a prize called the Erskine Chambers Prize for Company Law, which shall be awarded
annually by the Examiners for Part II of the Law Tripos, for the best first class performance in
the Company Law paper in that examination; and
(b) towards the purchase of books for the Squire Law Library.
2. If in any year the Prize is not awarded, the unexpended income for that year shall be applied for
the purpose specified in paragraph 2(b) above.
Prize and how
awarded.
Unexpended
income.
ESTATE MANAGEMENT DEVELOPMENT FUND
By Grace 1 of 28 January 1956 the University accepted the offer made on behalf of Mr Harold Samuel,
Chartered Surveyor, to provide an Estate Management Development Fund, to be held in trust for the
furtherance in the University of research and study in estate management at the discretion of Managers. 1
The terms of the Trust were specified in a letter, dated 24 October 1955, from Mr B. G. K. Allsop,
Chartered Surveyor, to the Vice-Chancellor, which is reproduced below. By Grace 4 of 3 November
1962 the University suppressed the Department of Estate Management and dissolved the Board of
Estate Management and established in their place a Department and a Board of Land Economy. When
interpreting the terms of the Trust, references to the Department of Estate Management and to the
Board of Estate Management shall therefore be deemed to be references respectively to the Department
of Land Economy and the Board of Land Economy.
1. Mr Samuel is willing to enter into a covenant with the University to make seven annual payments of £35,700
(less income tax at the standard rate current at the date of payment) to provide a fund to be called the Cambridge
University Estate Management Development Fund. This will produce a total of about £250,000.
2. The Fund shall be administered by Managers. There shall be four Managers, Mr Noël Dean, Mr E. P.
Weller, Mr T. C. Thomas and myself. When I cease to be a Manager this number shall be increased to five as
described below.
3. Upon the death or resignation of Mr Dean or Mr Weller they shall be succeeded respectively by the Head
of the Department of Estate Management and the Chairman of the Board of Estate Management, each ex officio,
and upon the death or resignation of Mr Thomas or Mr Allsop they shall be succeeded respectively by a person
nominated by the General Board of the Faculties and two persons nominated by the President of the Royal
Institution of Chartered Surveyors, each appointed by the Board of Estate Management for a period of four years
and to be eligible for reappointment.
4. The Managers shall regulate their own procedure, subject to the following provisions. They may pay out of
the Fund their own expenses and all other expenses, costs, and charges which they deem necessary in connection
with the administration of the Fund.
5. The Fund shall be held upon trust for the furtherance in the University of Cambridge of research and study
in Estate Management at the discretion of the Managers. Without prejudice to the exercise of that discretion, or
to the generality of the foregoing provisions, the objects for which it may be used shall include the establishment
of offices and posts, scholarships, and research studentships, and the provision of buildings and equipment.
6. The Managers shall decide from time to time after consultation with the Board of Estate Management what
part of the Fund shall be available as income and what part shall be invested and used as capital.
7. On the recommendation of the Board of Estate Management and subject to any approval required by the
Statutes and Ordinances of the University, the Managers may from time to time authorize expenditure of income
or capital from the Fund.
8. The Fund, or any part of it, may from time to time be invested in the name of the Chancellor, Masters, and
Scholars of the University of Cambridge in such manner as the Managers shall think fit, and the Managers shall
have power to vary or realize such investment at their discretion.
EVANS FUND
1. The capital and income of the Evans Fund, which was established under the Will of the late Ivor
Hugh Norman Evans, M.A., of Clare College, is held by the National Westminster Bank (hereinafter
called the Trustees) 2 and is to be applied as the Advisory Committee specified in Regulation 2 shall
from time to time think fit for the purpose of furthering research in anthropology and archaeology
1
See Harold Samuel Studentships, p. 931.
2
Pursuant to a Deed of Retirement and Appointment of new Trustees dated 24 March 2009 the University has been appointed
as sole Trustee in place of the bank.
Title and
purpose.