Statutes and Ordinances of the University of Cambridge
Statute E
p. 40

In this section

Chapter XXVIII


1. The investments from time to time representing the endowments given by the will of Robert Smith, who died on 2 February 1768, shall constitute a trust fund called the Smith Fund.

2. The net income of the fund shall be applied annually as follows, namely,

  1. (a)one-half shall be applied towards the payment of the stipend of the Plumian Professor;
  2. (b)one-half shall be used to provide one or more prizes for original work in any subject in Mathematics and its applications.