19.1. The main object of the fund established under the will of Mr Charles Day Dowling Gibbs shall be the endowment and maintenance of awards, which shall be called Gibbs Prizes and shall be given to undergraduates, in Classics, Mathematics, Law, Science, History, Divinity, or other subjects as the University shall determine.
19.2. (1) Prizes shall be offered annually for proficiency in History, Chemistry, Law, Biochemistry, Zoology, Politics, and Geography.
(2) The number, value, and conditions of award of the prizes shall be fixed at the discretion of the board of management.
19.3. Candidates for the prizes shall be members of the University who at the beginning of the examination have not exceeded the twelfth term from their matriculation, and are reading for a final honour school, except that Council may grant dispensation, on grounds of protracted illness or other good reason, to a candidate who has exceeded the twelfth term from his or her matriculation.
19.4. The prizes shall be administered by a board of management consisting of:
(1) the Vice-Chancellor;
(2) a person appointed by the Humanities Board;
(3) a person appointed by the Mathematical, Physical and Life Sciences Board;
(4) a person appointed by the Medical Sciences Board;
(5) a person appointed by the Social Sciences Board.
19.5. Appointed members of the board shall hold office for five years and shall be re eligible.
19.6. (1) The board shall every year appoint examiners, not fewer than two in number for each subject in which a prize is to be awarded, who shall examine the candidates and award the prize or prizes if candidates of sufficient merit offer themselves, except that the board may arrange for the prize or some or all of the prizes in any subject to be awarded on the results of a Public Examination of the University by the examiners in that subject.
(2) Examiners shall receive such remuneration as the board shall from time to time determine.
19.7. (1) Where a special examination is held for a Gibbs Prize it shall be conducted, after due notice, at such time and place as the examiners may appoint.
(2) All expenses connected with the examination, including the remuneration of the examiners and the printing of examination papers, shall be paid out of the Gibbs Trust Fund.
19.8. The board shall have power to make provision for the award of grants to unsuccessful candidates for a prize who have done meritorious work in the examination in which they have offered themselves as candidates.
19.9. In the event of there being unspent income in the fund, this may be spent, at the discretion of the board, on additional prizes in such subjects as the board may from time to time determine.
19.10. Congregation may from time to time amend this Part so long as the main object of the fund, as defined in section 19.1 above, is always kept in view.