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The Charles Bright Rare Books Fund
The Charles Bright Rare Books Fund has been established to enable
the University to purchase rare books. The fund initially comprised
a donation made by Sir Charles Bright prior to his death for the
establishment of the fund and other donations subsequently made
in memory of Sir Charles, a former Chancellor of the University.
The rules relating to the fund are published below.
- There shall be a charitable fund for the purposes of the University,
to be known as the Charles Bright Rare Books Fund.
- The Trustees of the fund shall be the Chancellor, the Vice-Chancellor,
the Chairperson of the Resources Committee, and the University
Librarian or their respective nominees. A nominee shall hold office
during the pleasure of the officer who nominated him or the successor
of that officer.
- The assets of the fund shall consist of such gifts whether of
monies, securities, or real or personal property of any kind,
as the Trustees may from time to time accept and of the investments
from time to time representing the same.
- Subject to any special Trusts attaching to any particular gift
or gifts made to the fund the Trustees may retain or convert into
money any assets of the fund not already consisting of money and
may invest any monies requiring investment in interest bearing
investment (whether of an authorised trustee character or not)
or any shares of public companies, with power at any time to vary
or transpose investments.
- The Trustees shall determine from time to time the amount of
the income arising from the investments which is to be expended.
In determining the amount of the income to be expended the Trustees
shall have regard to the desirability of maintaining the real
value of the capital of the fund.
- The amount of the income determined by the Trustees shall be
expended at the sole discretion of the University Librarian on
the purchase of rare books, whether original or reproduction,
or manuscripts of intrinsic interest or beauty. Anything so acquired
shall be the property of the University.
- It shall be a governing intent in the acquisition of any such
things as are mentioned in paragraph 6 that anything so acquired
would not in the opinion of the University Librarian have been
at that time purchased out of the general funds of the University.
- Each item acquired through the fund shall carry a book plate
of a form approved by the Council.
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