1. The University accepts from the Trustee of the Campaign for Oxford Trust Fund the endowment of £2,500 and such further sums as shall be made available for the same purpose, made possible by a generous donation occasioned by the publication of a festschrift for Professor C.A.R. Hoare, James Martin Professor of Computing, to establish a fund, to be known as the Hoare Prize Fund, for the encouragement of the study of Computation within the University by the award of Hoare Prizes in Computation for performance in that subject in an Honour School of the University.
2. The prize, of a value to be determined from time to time by the Board of the Faculty of Mathematical Sciences, shall be awarded, if there is a candidate of sufficient merit, by the examiners for the Honour School of Computation to the candidate whose performance in that examination they judge to be the best.
3. The administration of the fund shall be under the direction of the Board of the Faculty of Mathematical Sciences, which may delegate this responsibility to the Standing Committee for Computation and Mathematics.
4. Income not expended in any year shall be carried forward for expenditure in subsequent years.
5. Council shall have full power to alter this decree from time to time, provided always that the purpose of the fund, as defined in clause 1 above, shall be kept in view.