Council and Main Committees

  • Thursday 28 June 2012
  • NO. 4995
  • VOL. 142

Council of the University

Register of Congregation

Mr Vice-Chancellor reports that the following names have been added to the Register of Congregation:

Elder, L A, University Development Office

Martinovic, I, Kellogg

Sharma, S, Nuffield Department of Clinical Medicine

Divisional and Faculty Boards

For changes in regulations for examinations see 'Examinations and Boards' below.

General Purposes Committee of Council

Changes in Regulations

The General Purposes Committee of Council has made the following changes in regulations, to come into effect on 13 July.

(a) Establishment of Broadbent Junior Research Fellowship in American History Fund

Explanatory Note

These regulations establish the Broadbent Junior Research Fellowship in American History Fund, to be used towards the salary and expenses of the holder of the Fellowship and associated overheads.

Text of Regulations

In Sect III of Council Regulations 24 of 2002 concerning academic and other posts (Statutes, 2000, p 435, as redesignated as regulations by Decree (5) of 11 July 2002, Gazette, Vol 132, p 1461), insert new § 128 as follows and renumber existing §§ 128–326 as §§ 129–327:

'§ 128. Broadbent Junior Research Fellowship in American History Fund

1. The University receives with gratitude the sums from the Broadbent Family Foundation to be held as permanent endowment on the trusts declared in this regulation. Further money or property may be paid or transferred to the University as either expendable or permanent endowment to be held on the same trusts. The assets so held will be known as the Broadbent Junior Research Fellowship in American History Fund ("the Fund").

2. The University shall retain as permanent endowment those of the assets in the Fund which are contributed on the express understanding that they are to be treated as permanent endowment ("the Permanent Endowment").

3. The University shall (1) apply the income of the Permanent Endowment; and (2) apply the income and, in its discretion, the capital of the remainder of the Fund, towards the salary and expenses of the holder of the Broadbent Junior Research Fellowship in American History and associated overheads. The Fellow shall undertake research on a topic or topics in American History from 1600 onwards. If the salary, expenses and overheads of the Fellow are wholly or partly covered from other sources or there are further funds available, there shall be discretion to apply the income and/or capital of the Fund to support the Fellow's research.

4. The administration of the Fund, and the application of its income, shall be the responsibility of the Executive Committee of the Rothermere American Institute.

5. The Fellow shall be appointed by a committee appointed by the Executive Committee of the Rothermere American Institute.

6. The University may in its absolute discretion in the period ending 21 years from the date of this regulation, instead of applying the income of the Fund in any year, accumulate all or any part of such income by investing it, and holding it as part of the capital of the Fund. The University may apply the whole or any part of such accumulated income in any subsequent year as if it were income of the Fund arising in the then current year.

7. The University shall have power to pay out of the capital or the income of the Fund all costs of and incidental to the creation of the Fund, and the management and administration of the Fund and the Fellowship.

8. The University may exercise any of its corporate powers in the management and administration of the Fund in so far as those powers are not inconsistent with these regulations.

9. Regulations 1–4 and 6–11 shall be deemed to be Trust Regulations under the provisions of Part D of Statute XVI.

10. Subject to regulation 11, Council may amend, repeal or add to these regulations in accordance with Part D of Statute XVI, but no amendment is valid if it would cause the Fund to:

(1) cease to be exclusively charitable according to the law of England and Wales; or

(2) be outside the objects of the University.

11.  Any amendment to regulation 3 is an amendment to the main objects of the Fund for the purposes of Part D of Statute XVI and must be approved both by Congregation of the University and subsequently by Her Majesty in Council.'

(b) Establishment of David Walton Memorial Fund

Explanatory Note

These regulations establish the David Walton Memorial Fund in support of graduate scholarships at the Department of Economics, with preference being given to students entering their final year of registration for the DPhil in Economics and undertaking research in the field of macroeconomics or finance.

Text of Regulations

In Part 2 of Council Regulations 25 of 2002 concerning trusts (Statutes, 2000, p 743, as redesignated as regulations by Decree (5) of 11 July 2002, Gazette, Vol 132, p 1461), insert new § 372 as follows and renumber existing §§ 372–396 as §§ 373–397:

'§ 372. David Walton Memorial Fund

1. The University receives with gratitude sums given in memory of David Walton to be held as permanent endowment on the trusts declared in this regulation. Further money or property may be paid or transferred to the University as either expendable or permanent endowment to be held on the same trusts. The assets so held will be known as the David Walton Memorial Fund ("the Fund").

2. The University shall retain as permanent endowment those of the assets in the Fund which are contributed on the express understanding that they are to be treated as permanent endowment ("the Permanent Endowment").

3. The University shall (1) apply the income of the Permanent Endowment; and (2) apply the income and, in its discretion, the capital of the remainder of the Fund, towards graduate scholarships at the Department of Economics, with preference being given in the first instance to students entering their final year of registration for the DPhil in Economics and undertaking research in the field of macroeconomics or finance.

4. The administration of the Fund, and the application of its income, shall be the responsibility of the Economics Departmental Board.

5. The University may in its absolute discretion in the period ending 21 years from the date of this regulation, instead of applying the income of the Fund in any year, accumulate all or any part of such income by investing it, and holding it as part of the capital of the Fund. The University may apply the whole or any part of such accumulated income in any subsequent year as if it were income of the Fund arising in the then current year.

6. The University shall have power to pay out of the capital or the income of the Fund all costs of and incidental to the creation of the Fund, and the management and administration of the Fund and the scholarships.

7. The University may exercise any of its corporate powers in the management and administration of the Fund in so far as those powers are not inconsistent with these regulations.

8. Regulations 1–10 shall be deemed to be Trust Regulations under the provisions of Part D of Statute XVI.

9. Subject to regulation 10, Council may amend, repeal or add to these regulations in accordance with Part D of Statute XVI, but no amendment is valid if it would cause the Fund to:

(1) cease to be exclusively charitable according to the law of England and Wales; or

(2) be outside the objects of the University.

10. Any amendment to regulation 3 is an amendment to the main objects of the Fund for the purposes of Part D of Statute XVI and must be approved both by Congregation of the University and subsequently by Her Majesty in Council.'

(c) Oxford Graduate Scholarship Fund

Explanatory Note

These changes reflect Council's approval of the scheme of operation for the Graduate Scholarship Matched Fund, specifically the use of the Board of Management of the Oxford Graduate Scholarship Fund as the Board of Management of the Graduate Scholarship Matched Fund, with the addition to the Board membership of the Pro-Vice-Chancellor (Development and External Affairs). This addition to the membership of the Board of Management is recommended in order to reflect the key relationship between the fundraising strategy for graduate scholarships and the management of funds within the Oxford Graduate Scholarship Fund.

Text of Regulations

In Part 2 of Council Regulations 25 of 2002, concerning trusts (Statutes, 2000, p 644, as redesignated as regulations by Decree (5) of 11 July 2002, Gazette, Vol 132, p 1461), in § 270 delete existing regulation 6 and substitute (new text underlined, deleted text scored through):

'6. The administration of the Fund, and the application of its income, shall be the responsibility of a Board of Management comprising:

(1) Pro-Vice-Chancellor (Education), or his or her nominee, who shall be chairman;

(2) Pro-Vice-Chancellor (Development and External Affairs);

(2)–(5)(3)–(6) the chairmen of the Education Committees (or their equivalent) of each division;

(6)(7) the chairman of the Graduate Admissions Committee;

(7)(8) the chairman of the Graduate Committee of the Conference of Colleges.'