3The J.B. Watt Travelling Scholarships

3 The J.B. Watt Travelling Scholarships

3 The J.B. Watt Travelling Scholarships

(1) The trusts and conditions which, immediately before the commencement of this Act attached to the fund shall, as from such commencement, be varied to the extent and in the manner indicated in this Act.

(2) It shall be lawful for the University to establish one or more travelling scholarships each of which shall be known as the J.B. Watt Travelling Scholarship and to apply the income of the fund, in whole or in part, for the purpose of any such scholarship.

Any surplus of such income shall be added to and shall form part of the fund.

(3) Any scholarship so established shall be awarded on such terms and conditions as the Senate thinks proper to a graduate of the University who desires to prosecute his studies or researches in some place or places approved by the Senate and who, in the opinion of the Senate:

(a) is of sufficient merit, and

(b) is unable so to prosecute his studies or researches without the assistance afforded by the scholarship.