(Click here to obtain a document in proper legislative form for printing - Acrobat Reader software required.)

R6.39 - WILLIAM GEORGE SHARP BURSARY

Recitals-

1. Mrs W.G. Sharp widow of the late William George Sharp of Melbourne timber merchant presented to the University the sum of £1,000 for the purpose of founding a bursary for a medical student, the bursary to be named the 'William George Sharp Bursary' in memory of her late husband.
   
   
2. The sum of £1,000 increased to $2,200 at 31 December 1994.

It is provided as follows-

1. The sum of $2,200 and any accumulations and additions to the sum forms a fund called the 'William George Sharp Bursary' ('the fund') and the fund must be paid into an investment pool and remain there until the Council directs otherwise.
   
   
2. The bursary is awarded to a student enrolled in the course for the degrees of bachelor of Medicine and bachelor of Surgery ('the course').
   
   
3. The bursary is awarded by the Council on the recommendation of the Students Loan Fund and Bursaries Committee.
   
   
4. Applicants must produce evidence that without assistance they will suffer financial hardship.
   
   
5. The ordinary tenure of the bursary is the period required to complete the course but the Council may if it thinks fit extend the ordinary tenure by a period not exceeding one year.
   
   
6. The bursary must not exceed the net annual income of the fund.
   
   
7. Any unexpended income may be added to the capital of the endowment or may be applied in carrying out the objects of the foundress in such a way as the Council may direct.

 

[Am. 3/5/99, effective 1/7/99, ss. 2, 3, 4, 5 and 6 substituted 6/11/00.]