R7.24 - Herald Chair of Fine Arts

View/Print PDF (8 KB)

Recitals-

1. The Herald and Weekly Times Ltd., in commemoration of the victory of the allied nations in the Pacific, presented £30,000 to the University (hereinafter called the fund) for the purpose of endowing a chair of Fine Arts, known as the "Herald Chair of Fine Arts",
   
   "For teaching the understanding and appreciation of the fine arts and the application of their principles and practice to the life of the community."
2. The sum of £30,000 increased to $102,306 at 31 December 1994.

It is provided as follows-

1. The sum of $102,306 and any additions and accumulations to the sum forms a fund called the “Herald Chair of Fine Arts Fund” (“the fund”) and the fund must be paid into an investment pool and remain there until the Council directs otherwise.
2. There is a professor in the University styled the "Herald Professor of Fine Arts".
3. The professor is appointed for such period and on such conditions as the Council from time to time determines.
4. The income from the fund is applied in the first instance to the payment of the stipend of the professor including provision for his or her retirement, and any balance is to be applied as the Council from time to time directs in meeting the expenses of the department and for the purposes of furthering the understanding and appreciation of the fine arts and the application of their principles and practice to the life of the community.