1. The investments from time to time representing the endowment created by the benefaction conveyed to the University in 1871 by the Executive Committee of subscribers to a memorial of the late Reverend William Harness, M.A., Prebendary of St Paul’s and Incumbent of All Saints’, Knightsbridge, and formerly of Christ’s College, shall constitute a trust fund called the Harness Fund.
2. The income of the fund shall be used to provide a prize called the Harness Prize for the best English essay upon some subject connected with Shakespearian Literature.
3. The University may from time to time make regulations for the prize.