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R6.6 - THE HOWITT NATURAL HISTORY SCHOLARSHIPS

Recitals-

1. Godfrey Howitt late of Caulfield in Victoria Esquire Doctor of Medicine by his last will and testament bequeathed to the University his entomological collection and all his books on Entomology and Botany to be maintained and kept intact without addition or replacement and bequeathed the sum of £1,000 to be invested and the profits to be accumulated as provided in this regulation in order to form the endowment for the foundation of three scholarships in the science of Natural History the first and second of such scholarships to be each of the annual value of £50 ($100) and the third of such scholarships to be of the annual value of the residue of the income derived from the said foundation after payment from the said income of the expenses of or incidental to the execution of the trusts relating to the said scholarships or any of them and all such other expenses as the said Council for the time being deems conducive to the above purpose and also the expenses of or incidental to the proper maintenance and preservation of the said entomological collection and the first and second scholarships.
   
   

2. Godfrey Howitt died on 4 December 1873.

3. The Council agreed to accept the said bequests.

4. The Council having declared that the fund so accumulated had reached an amount which would provide the sum of £150 a year clear of all expenses the scholarships were founded and open for competition in the first term of 1919.

5. The testator by his will authorised the Council for the time being to authorize a scheme for the award of the several scholarships by statute or otherwise.

6. The University received £1,000 in satisfaction of the bequest, which sum increased to $26,560 at 31 December 1994.

7. On 31 October 2002 the Attorney-General of Victoria made an Order concerning the terms of the Will relating to the value of the scholarships that-

   'The first scholarship have a value of 50% of the net annual income and the second and third scholarships each have a value of 25% of the net annual income'.
   

It is provided as follows

1. The collection and books must be maintained and kept intact and without addition or replacement.
   
   

2. The sum of $26,560 and any accumulations and additions to the sum forms the endowment of three scholarships called the 'Howitt Natural History Scholarships' ('the fund').

3. The fund must be paid into an investment pool and remain there until Council directs otherwise.

4. There are to be three scholarships, each of which is tenable for three years-

   1. the first scholarship must have an annual value of fifty per cent of the net annual income; and
   2. the second and third scholarships each must have the value of twenty-five per cent of the net annual income
      
      
5. The scholarships are to be awarded to students undertaking research in botany, genetics, geology or zoology which may be the Honours year of a degree or a higher degree by research provided that no student will be awarded a scholarship who has more than three years' standing in the University since the date of the candidate's first enrolment in the University.
   
   
6. Each scholarship is to be tenable for three years and is to be open for award when it falls vacant.
   
   
7. The scholarships are to be awarded by Council on the recommendation of the dean of the faculty of Science provided that before making any such recommendation the dean must consult the heads of the relevant departments.
   

[Recital G made, ss. 3-7 subst. 7/4/03.]