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IN 1880, the late John Henry Challis, Esq., formerly of Sydney, bequeathed his residuary real and personal estate to the University, "to be applied for the benefit of that Institution in such manner as the governing body thereof should direct." The bequest was subject to a tenure until death or re-marriage on the part of his widow, and to the payment of various annuities, and also to a period of five years' accumulation after such death or re-marriage. By the death of the widow, in September, 1884, the University became entitled to the accumulated property in September, 1889. The assets are invested partly in England and partly in New South Wales, and all the specific bequests have been paid.
The assets in England, amounting to £30,000, are retained by the Trustees until the expiration of certain annuities. Those in Australia amount to £245,200.
By a resolution of the Senate passed in 1885, it was determined that the Challis Fund should be applied as a permanent provision of income for educational uses.
From the income of the Fund a sum of £7,500 was applied for the payment of half the cost of the erection of a new Chemical Laboratory, and a further sum of £1,200 devoted to the erection of a marble statue of Mr. Challis, which has been placed in the Great Hall opposite to that of Mr. W. C. Wentworth.
The income arising from the Australian assets is now devoted to the maintenance of seven Challis Professorships in the following subjects, viz., Anatomy, Biology, Engineering, History, Law, Logic and Mental Philosophy and Modern Literature; and three Challis Lectureships in Law.
Anatomy, 1890-James T. Wilson, M.B., Ch.M. (Edin.)
Engineering, 1890-William H. Warren, M.I.C.E.
Law, 1890-Pitt Cobbett, M.A., D.C.L. (Univ. Coll., Oxon.)
Modern Literature, 1890-Mungo W. MacCallum, M.A. (Glasg.)
Equity, Probate, Bankruptcy, and Company Law, 1890-G. E. Rich, M.A.
The Law of Status, Civil Obligations and Crimes, 1890-F. Leverrier, B.A., B.Sc.
Law of Procedure in Civil and Criminal Cases, Evidence and Pleading, 1901-David Ferguson, B.A.
Reader in the Law of Property, 1901-J. B. Peden, B.A., LL.B.
THE PETER NICOL RUSSELL ENDOWMENT FOR
In 1896, Peter Nicol Russell, Esq., formerly of Sydney, but now living in London, presented to the University a sum of £50,000 for the endowment of the Department of Engineering in the University.
The conditions of the gift are the following :—
1. That the Department of Engineering at present existing in the University, together with such additions as may be made thereto, shall be called the P. N. Russell School of Engineering.
2. That the University shall, out of the income to be derived from the sum of £50,000, afford both practical and theoretical teaching in the following subjects, in so far as such subjects relate to the School of Engineering-viz., Mechanical Engineering, Surveying, Mining, Metallurgy, Architecture, and such further instruction as the Senate of the University may deem necessary to give effect to the intention of Mr. P. N. Russell in connection with the P. N. Russell School of Engineering.
3. The University shall apply the income of the Fund in the maintenance of the P. N. Russell School of Engineering, but shall not charge such income with any proportion of the cost of the existing buildings, nor with the expense or any proportion thereof of service by ordinary attendants, nor with the expense or any proportion thereof of the Professorships of Mathematics, Chemistry, Physics, Geology, or the Challis Chair of Engineering.
Other conditions of the Deed of Gift relate to the mode of investment of the principal sum, and provide that any unused surplus of income shall be added to the principal sum and invested as if it formed a part of the original donation.
Under the second clause of the Deed of Gift above recited, a portion of the income of the Russell Fund has been devoted to the maintenance of the following offices:
Assistant Lecturer in Mechanical Engineering and Drawing, 1897-S. Henry Barraclough, B.E. (Sydney), M.M.Ě. (Cornell), Assoc. M. Inst. Č.E.
Lecturer in Surveying, 1890-George H. Knibbs, L.S., F.R.A.S. Lecturer in Mining, 1892-Edward F. Pittman, A.R.S.M. Lecturer in Metallurgy, 1899-Basil W. Turner, A.R.S.M. Lecturer in Architecture, 1897-John Sulman, F.R.I.B.A. Mechanical Instructor-Henry Blay.
PETER NICOL RUSSELL SCHOLARSHIPS FOR
Under the gift of PETER NICOL RUSSELL, Esq., for the Endowment of the School of Engineering at the University, the Senate has determined, with the donor's approval, to award one Scholarship annually, until further notice, for the encouragement of higher education in Mechanical Engineering, under the following conditions::
1. Every candidate must present evidence that he has satisfied one of the two following conditions:-(i.) That he has been engaged in an approved workshop for a period of at least one year, and has, in addition, obtained certificates of the following courses in the Sydney Technical College :
(a) Applied Mechanics, First and Second Year Courses.