Council and Main Committees

  • Thursday 3 May 2012
  • NO. 4987
  • VOL. 142

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 18 May.

Establishment of Thalmann Scholarship Fund

Explanatory Note

These regulations establish the Thalmann Scholarship Fund to provide scholarship assistance to students studying at the University. The gift was received in 1992, but, due to an oversight at the time, a trust regulation was not created to record the terms of the trust. The opportunity is now being taken to correct this.  

Text of Regulations

In Part 2 of Council Regulations 25 of 2002 (Statutes, 2000, p 731, as redesignated as regulations by Decree (5) of 11 July 2002, Gazette, Vol 132, p 1461), concerning trusts, insert new § 352 as follows, and renumber existing §§ 352–396 as §§ 353–396:

'§ 352. Thalmann Scholarship Fund

1. The University receives with gratitude a substantial legacy from René Hugo Thalmann to be held as expendable 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 Thalmann Scholarship Fund ("the Fund").

2. The University shall retain as permanent endowment those of the assets in the Fund (if any) 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 (if any); and (2) apply the income and, in its discretion, the capital of the remainder of the Fund, towards scholarships for students studying at the University and meeting such criteria as the administrators of the Fund from time to time shall see fit.

4. The administration of the Fund, and the application of its income and capital, shall be the responsibility of the Board of Management of the Oxford Graduate Scholarship Fund (a broad purpose fund within the University of Oxford Development Trust Fund).

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.'

Council of the University

Register of Congregation

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

Betts, P R, St Antony's

Boyden, J, Department of International Development

Bysouth, S, Merton

Cleworth, C A, Mathematical, Physical and Life Sciences Division

Hill, K V, Oriel

Knox, K A K, University Development Office

Kuznetsov, V, Brasenose

Ross, A S, Mansfield

Suich, H C, School of Geography and the Environment

Thompson, B A V, Department of Primary Health Care

Divisional and Faculty Boards

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