In order to aid in fostering good will between the United States and Great Britain, and recognizing that mutual understanding is the essence of such good will, Mrs. Henry P. Davison has established, in memory of her husband, a trust fund to be known as "The Henry P. Davison Scholarship Fund".

The idea of giving opportunities to young men from England to obtain a portion of their education at three of the leading American universities, appealed most strongly to Mr. Davison. The accomplishment of this he would have assured had he lived. For this reason as well as for the inherent merits of the plan, Mrs. Davison is establishing the fund. The income from the trust is to be devoted to defraying the expenses of six English students, who will pass at least one year as undergraduates in three American universities, Harvard, Yale, and Princeton.

Every year, committees at Oxford and Cambridge, established for this purpose, will select the three applicants who, in their opinion, best represent the highest type of university men, basing their choice upon character and general standing. The scholarships will be open to any undergraduate or bachelor of arts in actual residence, but preference will be given to second year students in so far as they may qualify in the discretion of the English committees. The American universities have agreed to furnish these scholars free tuition, each admitting one man from Oxford and one from Cambridge for the period of a year.

In the event that any student wishes to remain at the American university for two years, he will still be entitled to this scholarship fund provided he has the consent of both his English and American universities.