1. The University accepts with gratitude the sum of £750, to establish a fund as a memorial to the late Dr Cecil Roth, formerly Reader in Jewish Studies, the income from which shall be applied towards the promotion or encouragement of Italian Studies within the University, and, in particular, by the provision of a prize to be called the Cecil Roth Memorial Prize for Italian Studies.
2. The fund shall be administered by a board of management consisting of:
(1) the Warden of Merton College, or a deputy appointed by the Warden;
(2) the Fiat-Serena Professor of Italian Studies, or a deputy appointed by the professor;
(3) a Fellow of Merton College to be appointed by the Warden of Merton College;
(4) a person appointed by the Board of the Faculty of Medieval and Modern Languages;
(5) a person appointed by the Board of the Faculty of History.
3. The board of management shall apply the income, after the payment of all proper expenses, and may, in any one year, apply up to £75 of the capital towards the provision of the Cecil Roth Memorial Prize for Italian Studies which shall be offered once in every three years for an essay on such subject or subjects, approved by or on behalf of the board, as shall fall within the field of Italian art, history, and literature of the period from the end of the Roman Empire in the west until the end of the eighteenth century.
4. The prize shall be of the value of £50 (or such greater or lesser amount as the board may from time to time determine) and be open to all members of the University reading for a Final Honour School who, on the day appointed for sending in the essay, have not exceeded four years from the date of their matriculation.
5. The board shall appoint two judges, to whom the essays shall be submitted and by whom the prize shall be awarded, upon such terms (as to remuneration, tenure, and otherwise) as the board shall from time to time determine.
6. Any surplus income available, either because the prize has not been awarded or for any other reason, may be:
(i) applied in making such travel or research grants to members of the University in statu pupillari as shall be conducive to the promotion or encouragement of Italian Studies within the University, such grants to be known as Cecil Roth Grants for Italian Studies;
(ii) applied towards such other purpose or purposes conducive to the promotion or encouragement of Italian Studies within the University as the board shall from time to time determine; or
(iii) carried forward for application in future years either towards the provision of the prize or for any of the purposes referred to in (i) and (ii) above.
7. Council shall have power to alter this decree from time to time, provided that the main object of the fund, namely the promotion or encouragement of Italian Studies within the University, is kept in view.