1. The investments from time to time representing the endowment created by the will of Mrs Clerk Maxwell, who died on 5 November 1879, shall constitute a trust fund called the Clerk Maxwell Fund.
2. The income of the fund shall be used to provide one or more Scholarships, called Clerk Maxwell Scholarships, for the advancement by original research of Experimental Physics, especially Electricity, Magnetism, and Heat, and, after provision has been made for at least one such Scholarship, to further original research in those subjects by any other means.
3. The University may from time to time make regulations governing the administration and application of the fund.