This prize was founded in 1907 by subscription in memory of Sir Samuel and Lady Ferguson. It is awarded every third year. Work submitted for it may take the form of (a) an investigation of some aspect or feature of Irish linguistic development, or (b) a study of Irish literary sources, or (c) an edition of an important text including translation, commentary and linguistic analysis. The prize is open to all undergraduates and to graduates of not more than seven years’ standing.