These scholarships, established by the Hibernia Management and Development Company Ltd. are tenable at Memorial University of Newfoundland and are valued at an amount determined by the annual income on the investment. They are awarded annually as follows:
Four students entering Term 3 of the Faculty of Engineering and Applied Science with two awarded to male students and two awarded to female students.
Two students entering Term 3 of the Faculty of Business Administration with one awarded to a male student and one awarded to a female student.
Candidates for these awards must be of scholarship standing but consideration may also be given to their financial circumstances. All candidates must be residents of Newfoundland and Labrador. The awards will be made by the Senate Committee on Undergraduate Scholarships, Bursaries and Awards on the recommendation of the Deans, Faculty of Business Administration and Faculty of Engineering and Applied Science.
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