Hector Memorial Research Fund.
This deed, made the thirty-first day of July, one thousand nine hundred and fourteen, between the New Zealand Institute, a body corporate duly incorporated by the New Zealand Institute Act, 1908, of the one part, and the Public Trustee of the other part: Whereas by a declaration of trust dated the twenty-seventh day of January, one thousand nine hundred and twelve, after reciting that the New Zealand Institute was possessed of a fund consisting of the sum of £1,045 10s. 2d., held for the purposes of the Hector Memorial Research Fund on the terms of the rules and regulations therein mentioned, which said moneys had been handed to the Public Trustee for investment, it was declared (inter alia) that the Public Trustee should hold the said moneys and all other moneys which should be handed to him by the said Governors of the Institute for the same purpose upon trust from time to time, to invest the same in the common fund of the Public Trust Office, and to hold the principal and income thereof for the purposes set out in the said rules and regulations in the said deed set forth: And whereas the said rules and regulations have been amended by the Governors of the New Zealand Institute, and as amended are hereinafter set forth: And whereas it is expedient to declare that the said moneys are held by the Public Trustee upon the trusts declared by the said deed of trust and for the purposes set forth in the said rules and regulations as amended as aforesaid:
Now this deed witnesseth and it is hereby declared that the Public Trustee shall hold the said moneys and all other moneys which shall be handed to him by the said Governors for the same purpose upon trust from time to time to invest the same in the common fund of the Public Trust Office, and to hold the principal and income thereof for the purposes set out in the said rules and regulations hereinafter set forth:
And it is hereby declared that it shall be lawful for the Public Trustee to pay, and he shall pay, all or any of the said moneys, both principal and interest, to the Treasurer of the said New Zealand Institute upon being directed to do so by a resolution of the Governors of
the said Institute, and a letter signed by the Secretary of the said Institute enclosing a copy of such resolution certified by him and by the President as correct shall be sufficient evidence to the Public Trustee of the due passing of such resolution: And upon receipt of such letter and copy the receipt of the Treasurer for the time being of the said Institute shall be a sufficient discharge to the Public Trustee: And in no case shall the Public Trustee be concerned to inquire into the administration of the said moneys by the Governors of the said Institute.
As witness the seals of the said parties hereto, the day and year first hereinbefore written.
Rules and Regulations made by the Governors of the New Zealand Institute in relation to the Hector Memorial Research Fund.
1. The funds placed in the hands of the Board by the Wellington Hector Memorial Committee be called “The Hector Memorial Research Fund,” in memory of the late Sir James Hector, K.C.M.G., F.R.S. The object of such fund shall be the encouragement of scientific research in New Zealand, and such fund shall consist of the moneys subscribed and granted for the purpose of the memorial and all other funds which may be given or granted for the same purpose.
2. The funds shall be vested in the Institute. The Board of Governors of the Institute shall have the control of the said moneys, and may invest the same upon any securities proper for trust-moneys.
3. A sum not exceeding one hundred pounds (£100) shall be expended in procuring a bronze medal, to be known as the Hector Memorial Medal.
4. The fund, or such part thereof as shall not be used as aforesaid, shall be invested in such securities as may be approved by the Board of Governors, and the interest arising from such investment shall be used for the furtherance of the objects of the fund by providing thereout a prize for the encouragement of such scientific research in New Zealand of such amount as the Board of Governors shall from time to time determine.
5. The Hector Memorial Medal and Prize shall be awarded annually by the Board of Governors.
6. The prize and medal shall be awarded by rotation for the following subjects, namely—(1) Botany, (2) chemistry, (3) ethnology, (4) geology, (5) physics (including mathematics and astronomy), (6) zoology (including animal physiology).
In each year the medal and prize shall be awarded to that investigator who, working within the Dominion of New Zealand, shall in the opinion of the Board of Governors have done most towards the advancement of that branch of science to which the medal and prize are in such year allotted.
7. Whenever possible the medal shall be presented in some public manner.
Award of the Hector Memorial Research Fund.
1912. L. Cockayne, Ph.D., F.L.S., F.R.S.—For researches in New Zealand botany.
1913. T. H. Easterfield, M.A., Ph.D.—For researches in chemistry.
1914. Elsdon Best—For researches in New Zealand ethnology.
1915. P. Marshall, M.A., D.Sc., F.G.S.—For researches in New Zealand geology.