The event was held just once, from 30 August to 1 September 1956, and had total prize money of £5,250.
The event was sponsored by Sir Stuart Goodwin, a Yorkshire steel industrialist.
The £5,250 was the largest ever for a British golf event, surpassing the £3,750 at the 1956 Open Championship.
A feature of the prize money distribution was that it was spread more evenly than other tournaments at the time.
The final ten received prizes ranging from £500 to £100.