1. The lecture shall be on the LXX version of the Hebrew Scriptures, its history, its philological character, its bearing on the criticisms of the New Testament, and its value as an evidence of the authenticity of the Old and New Testaments.
2. The lecture shall be given three times in each academic year, after due notice, in such place as the Vice-Chancellor shall appoint, and shall be open, without fee, to all members of the University.
3. The lecture shall be delivered by a person to be elected for two years who may be reelected for further periods of two years. The lecturer shall always enter upon this office at the beginning of Michaelmas Term and shall receive from the trust fund such annual stipend (payable on completion of the lectures for the year in question) and such expenses as the board of electors shall determine. The person elected shall not be considered as a public university professor or reader.
4. The person who shall deliver this lecture shall be elected by a board of electors consisting of:
(1) the Vice-Chancellor;
(2), (3) two persons appointed by Council;
(4), (5) two persons appointed by the Board of the Faculty of Theology;
(6), (7) two persons appointed by the Board of the Faculty of Oriental Studies.
5. The board of electors may apply any surplus income and balance on the fund to the furtherance of Septuagint Studies within the University, subject to the provisions of clause 6 below.
6. This decree may, but with the consent of the founder during his life, be amended from time to time; so nevertheless, that the main object of the founder, namely the promotion of the study of the LXX version, and, through this, the just interpretation of the New Testament, shall be in no wise set aside.