Charitable objects
THE ANNUAL VALUE OF THE PRIZE SHALL BE SUCH A SUM AS THE COUNCIL SHALL FROM TIME TO TIME DECIDE AND IT SHALL BE AWARDED FOR PROGRESS IN STUDIES FOR ANY PART OF THE GENERAL ORDINATION EXAMINATION OR THE ALTERNATIVE ESSAY SCHEME OR IN ANY EXAMINATION DEEMED BY THE JUDGE TO BE THE EQUIVALENT THEREOF, AND IT SHALL GO TO THE CANDIDATE WHO SHALL BE DEEMED TO HAVE GIVEN THE MOST CREDITABLE PERFORMANCE IN THOSE STUDIES DURING THE YEAR, HAVING REGARD NOT ONLY TO THE MARKS OBTAINED OR THE STANDARD OBTAINED IN THE SAID EXAMINATION OR SCHEME, BUT ALSO TO THE PROGRESS OF THE CANDIDATE DURING THE YEAR AND TO ALL THE CIRCUMSTANCES IN WHICH THE CANDIDATE'S WORK WAS PERFORMED