Statutes and Ordinances of the University of Cambridge
Statute E
p. 33
TRUSTS

Chapter II

THE BELL, ABBOTT, AND BARNES FUNDS

1. The investments from time to time representing the endowment given by deed of foundation executed on 18 July 1810 by William Bell shall constitute a trust fund called the Bell Fund.

2. The investments from time to time representing the endowment given by the will of John Abbott, who died on 13 May 1870, shall constitute a trust fund called the Abbott Fund.

3. The investments from time to time representing the endowment given by deed of trust executed on 19 February 1844 by John Barnes shall constitute a trust fund called the Barnes Fund.

4. The first charge on the income of the Bell, Abbott, and Barnes Funds shall be the provision of exhibitions or grants (or both) for students for proficiency in some branch or branches of University studies. The University shall have power to determine the eligibility of candidates. Any part of the income of any of the funds that is not expended in any year as aforesaid may, at the discretion of the electors, be used to enable awards to be made to students who are in need of financial assistance by the governing bodies of such Colleges and such institutions recognized under Statute G I as may from time to time be determined by Grace or Ordinance.

5. No award shall be made by the electors which is not in their opinion justified by the financial circumstances of the candidate.

6. In the case of each of the Bell and Abbott Funds, if the electors are of opinion that one or more of the candidates, being children of clergymen of the Church of England, show adequate proficiency, they shall make provision for the needs of such candidates before they may make any award from the fund to any other candidate.

7. In the case of the Barnes Fund, if the electors are of opinion that one or more of the candidates, having been educated at Christ’s Hospital, now at Horsham in the County of Sussex, St Paul’s School, now in the County of London, or the Merchant Taylors’ School, now in the County of Hertfordshire, show sufficient proficiency, they shall make provision for the needs of such candidates before they may make any award from the fund to any other candidate.

8. In the case of the Abbott Fund, if two or more candidates show equal proficiency preference shall be given to candidates born in the West Riding of Yorkshire.