Edinburgh College of Art Prize Fund
7.—(1) The Edinburgh College of Art Prize Fund(1) (in this article referred to as “the fund”) is to be held and administered by the transferee in accordance with the provisions of this article.
(2) The transferee is to apply the free income of the fund in each financial year in providing prizes in the form of gold medals or in such other form as the transferee may from time to time determine for students of the University of outstanding merit on programmes of study in the reconstituted College including, in particular, architecture and the work of goldsmiths or silversmiths and as far as possible the various prizes shall be associated with the following names—
(a)James Clason-Harvie;
(b)Alexander Dowell;
(c)Nancy Rosemary Henderson;
(d)Sir Robert Kirk Inches.
(3) Income unused at the end of a financial year may be carried forward to the next financial year or added to the capital of the fund or both.
Created by section 28 of the 1959 Order.