Graces

Graces submitted to the Regent House on 13 June 2012

The Council submits the following Graces to the Regent House. These Graces, unless they are withdrawn or a ballot is requested in accordance with the regulations for Graces of the Regent House (Statutes and Ordinances, p. 107), will be deemed to have been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, 22 June 2012.

1. That, with effect from 1 September 2012, the Table of Fees attached to the regulations for University Composition Fees (Statutes and Ordinances, p. 160) be amended as set out in the Council’s Notice, dated 11 June 2012 (p. 699).

2. That a John Marks and Mulberry Trust Fund be established in the University to be governed by the following regulations:1

John Marks and Mulberry Trust Fund

1. The sum of £1m received from the charity formed and funded by John and Morwenna Marks and known as the Mulberry Trust, to support teaching and research in Christian Theology and to support the Regius Professorship of Divinity, together with other funds allocated for the same purpose out of a donation to the University from Trinity College, shall form a permanent endowment fund called the John Marks and Mulberry Trust Fund.

2. The first charge on the income of the Fund shall be the stipend, national insurance, pension contributions, and associated indirect costs of the Regius Professor of Divinity payable by the University, provided that the work of the Professor at the time of her or his election to the Professorship is in the field of Christian Theology.

3. The Fund shall be administered by four Managers, who shall comprise:

(a)The Chairman of the Faculty Board of Divinity, who shall be Chairman

(b)The Regius Professor of Divinity

(c)The Head of the School of Arts and Humanities

(d) A person appointed by the Faculty Board of Divinity.

If two or more of these offices are held by the same person or if one or more of the named posts is vacant or its tenure has expired, the General Board shall appoint one or more additional Managers to ensure that there are always four Managers. The Manager in class (d) shall be appointed for periods of five years at a time.

4. If and whenever the income of the Fund shall exceed the amount required to meet the costs specified in Regulation 2, the excess of the income over that amount may be applied in support of teaching and research in Christian Theology in such manner as may be approved by the General Board on the recommendation of the Managers.

5. Any unexpended income in a financial year shall either be added to the capital of the Fund or held as an income reserve and expended in any one or more subsequent years in accordance with Regulations 2 and 4 above.

3. That the recommendations in paragraph 7 of the Report of the General Board, dated 9 May 2012, on the Senior Academic Promotions (SAP) procedure (Reporter, 2011–12, p. 606) be approved, with effect from 1 October 2012.2

J. W. NICHOLLS, Registrary

END OF THE OFFICIAL PART OF THE ‘REPORTER’