R6.42 – David Thompson Scholarship

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Recitals-

1. The University received from the executors of the will of Bessie Thompson deceased widow of David Thompson late of Castlemaine the sum of £500 for the purpose of founding a scholarship in the University in the science of Civil Engineering such scholarship to be known as the ‘David Thompson Scholarship’.

2. The testatrix in her will expressed the wish that the University should in selecting students to hold the scholarship give preference to students who are the sons of residents at Castlemaine.
3. The executors have explained to the University that it was the desire of the testatrix that the income from the fund established should be paid to a student to assist that student in pursuing an Engineering course.
4. The sum of £500 increased to $1,339 at 31 December 1994.

It is provided as follows-

1. The sum of $1,339 and any accumulations and additions to the sum forms a fund called the ‘David Thompson Scholarship’ (‘the fund’) and the fund must be paid into an investment pool and remain there until the Council directs otherwise.

2. The scholarship is awarded to a student enrolled in the course for any bachelor’s degree in Engineering.
3. When awarding the scholarship due regard is to be had to the desire of the testatrix that preference be given to the sons of residents of Castlemaine.
4. The scholarship is awarded on the recommendation of the Students Loan Fund and Bursaries Committee.
5. Applicants must produce evidence of their financial situation and of the place of residence of their parents for the previous ten years.
6. The ordinary tenure of the scholarship 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.
7. The scholarship must not exceed the net annual income of the fund.
8. 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 way as the Council may direct.