The Council submit the following Graces to the Regent House. These Graces, other than any which is withdrawn or for which a ballot is requested in accordance with the regulations for Graces of the Regent House (Statutes and Ordinances, p. 107), will be deemed to have been approved at 4 p.m. on Friday, 15 December 2006.
1. That a Mott Fund for Physics of the Environment be established in the University, to be governed by the following regulations:1
1. The sum received from an anonymous benefactor by way of an endowment will form a fund called the Mott Fund for Physics of the Environment in tribute to the memory of Sir Nevill Mott, CH, FRS, formerly Cavendish Professor of Physics. The income of the Fund shall be used for the purpose of providing Ph.D. studentships, bursaries, travel funds, and post-doctoral fellowships relating to research in Physics of the Environment in the Department of Physics. The Fund may include other sums received from other bodies or persons for the same purpose.
2. The Managers of the Fund shall be (a) the Head of the Department of Physics, (b) the Cavendish Professor of Physics, and (c) a person appointed by the General Board. If the Head of the Department of Physics and the Cavendish Professor are the same person, the Faculty Board of Physics and Chemistry shall appoint one other person as a Manager so as to ensure that there are three Managers. A person appointed by the General Board in class (c) shall be appointed for three years from 1 January of the year in which he or she is appointed.
3. After provision has been made out of the income of the Fund for the purpose of providing Ph.D. studentships, bursaries, travel funds, and post-doctoral fellowships relating to research in Physics of the Environment in the Department of Physics, the income of the Fund may be applied for the support of research in Physics of the Environment in the Department of Physics in such a manner as shall be approved by the Managers.
4. Any unexpended income in a financial year may be expended in accordance with Regulations 1 and 3 in any one or more subsequent years.
2. That a Fitzwilliam Museum Endowment Fund be established in the University, to be governed by the following regulation:2
The income of the Fitzwilliam Museum Endowment Fund shall be used for the benefit of the Fitzwilliam Museum.
3. That the regulations for the Bernard Wolfe Health Neuroscience Fund be amended by renumbering Regulation 7 as 8, replacing in that regulation the reference to Regulation 6 by reference to Regulation 7 and by inserting the following new Regulation 7:3
7. Pending the appointment of the first Bernard Wolfe Professor for Health Neuroscience or (if earlier) the appointment of the first holder of the office mentioned in Regulation 4, the income of the Fund may be applied in support of such research in Health Neuroscience as the Woco Foundation may approve in writing, provided that the General Board is satisfied that, after applying reasonably prudent assumptions, the unexpendable capital of the Fund is sufficient to generate income to support the primary purpose of the Fund, as set out in Regulations 2 to 4, in perpetuity.
4. That the recommendations in paragraph 6 of the Report of the Council, dated 24 July 2006, on Statutes K, 5 (review) and K, 9 (delegation) (Reporter, 2005-06, p. 881) be approved.
1 See the Vice-Chancellor's Notice, (p. 206. The General Board have agreed to nominate Mrs Alice Crampin, Sir Neville Mott's daughter, as the Manager in class (c).
2 This Fund has hitherto been administered informally. It is now proposed to establish it on a formal basis.
3 Statutes and Ordinances, p. 905. The General Board have been advised by the Faculty Board of Clinical Medicine that an early appointment to the Bernard Wolfe Professorship of Health Neuroscience is unlikely and that both the Faculty Board and the donor would welcome provision for the income of the Fund to be made available to support research in the field of Health Neuroscience. This arrangement would be short term and sufficient safeguards are in place to protect the primary purpose of the Fund in the long run.