Statutes and Ordinances of the University of Cambridge
Statute E
p. 46

Chapter XL


1. The investments from time to time representing

  1. (a)the benefaction accepted by Grace 1 of 23 May 1912 of £20,000 for the endowment of a Professorship of Genetics to be called the Arthur Balfour Professorship of Genetics and
  2. (b)the benefaction conveyed to the University by the Right Honourable Arthur James Balfour and the Right Honourable Reginald Baliol, Viscount Esher, in a Trust Deed dated the tenth of December nineteen hundred and thirteen

shall together constitute a trust fund called the Arthur Balfour Fund. The first charge on the income of the Arthur Balfour Fund shall be the cost of the stipend, national insurance, pension contributions, and family allowances, if any, of the Arthur Balfour Professor of Genetics.

2. Notwithstanding any provision of the Trust Deed referred to in subparagraph (b) of the foregoing Section 1 to the contrary the whole of the property described therein as Whittingehame Lodge shall be available for the Department of Genetics and if that Department shall at any time not have need of the whole or any part of the property the income deriving from it or from capital sums accruing from its disposal shall be credited to the Arthur Balfour Fund.