1. The University hereby accepts with deep gratitude the offer of the Rhodesian Selection Trust Group of Copper Mining Companies to provide for the permanent endowment of a Rhodes Professorship of Race Relations.
2. The Rhodes Professor of Race Relations shall lecture and give instruction in interracial relations.
3. The professor shall be elected by an electoral board consisting of:
(1) the Vice-Chancellor, or, if the head of the college specified in (2) of this clause is Vice-Chancellor, a person appointed by Council on the occurrence of a vacancy to act as an elector on that occasion;
(2) the head of the college to which the professorship shall be for the time being allocated by Council under any regulation in that behalf, or, if the head is unable or unwilling to act, a person appointed by the governing body of the college on the occurrence of a vacancy to act as an elector on that occasion;
(3) a person appointed by the governing body of the college specified in (2) of this clause;
(4), (5) two persons appointed by Council; (6) a person appointed by the Social Sciences Board;
(7)-(9) three persons appointed by the Oxford School of Global and Area Studies.
4. Any part of the income of the endowment of the professorship which is not required to meet the costs (including support costs) thereof may be expended, under conditions to be determined from time to time by the Oxford School of Global and Area Studies Committee (the OSGA Committee), to support teaching and research in interracial relations. The OSGA Committee shall appoint a Rhodes Professor of Race Relations Management Committee to advise it. That committee will consist of:
(1) the Head of the Oxford School of Global and Area Studies;
(2) an appointee of the Social Sciences Division;
(3) the Rhodes Professor of Race Relations;
(4) the head of the college in which the post-holder is based.
5. The professor shall be subject to the General Provisions of the regulations concerning the duties of professors and to those Particular Provisions of the same regulations which are applicable to this chair.
6. Subject to regulation 7, Council may amend, repeal or add to these regulations in accordance with Part D of Statute XVI, but no amendment is valid if it would cause the Fund to:
(1) cease to be exclusively charitable according to the law of England and Wales; or
(2) be outside the objects of the University.
7. Any amendment to regulation 2 is an amendment to the main object of the Fund for the purposes of Part D of Statute XVI and must be approved both by Congregation of the University and subsequently by Her Majesty in Council.