A nearly seventy-year-old literary award that honored works in all genres by young, emerging writers is buckling under the pressure of budget woes. Booktrust, the organization that has for the past nine years sponsored the John Llewellyn Rhys Prize, given since 1942 to writers under the age of thirty-five, announced earlier this week that government funding cuts forced it to revamp its program portfolio, shuttering the award—at least for 2011.

The prize, according to author Margaret Drabble, who won the award in 1966 and lamented its loss in the Guardian, is "one of the most romantic and distinguished of prizes," more so than the oldest major U.K. award, the James Tait Black Memorial Prize, or the Booker. The five-thousand-pound award (roughly eight thousand dollars) is given to writers "at the outset of their careers, when a sign of approval means much more than it does in their cynical, competitive, commercial later years."

The 2009 winner, Evie Wyld—who won for her novel, After the Fire, a Still Small Voice (Pantheon)—says the award "gave me a platform to work off, and I'm not sure I'd be in the position I am in now, had the Rhys not brought such a large amount of attention with it," including radio appearances and articles. Among the other poets and prose writers who have taken the prize in the past are Angela Carter, Andrew Motion, V. S. Naipaul, and Jeanette Winterson.

Booktrust, which is pursuing alternate avenues for maintaining the prize, told the Guardian it hopes to bring the Rhys "back with a bang as soon as possible," possibly even in 2012.

In the video below, Wyld reads from her winning book, a "romantic thriller about men who aren't talking."

Open your medicine cabinet and choose something from it that one character will use to kill another in a story.