The local treasure was taken to the capital where it remained in the possession of the Edinburgh club until two years ago when it was eventually returned to Selkirk to be housed on display in the Town Hall.

Now, Border archers will compete among themselves for the prize for the first time in nearly 350 years in a tournament organised by the newly-formed Ettrick Forest Archers.

The Selkirk Silver Arrow Shoot will take place on Sunday, July 13, and will see longbow archers compete to hit the ‘clout’, a small target 180 yards away – 120 yards for ladies – with the winner having their name inscribed on a silver medallion, to be placed on a plinth alongside existing medals dating back to 1660. A presentation ceremony will take place later in the year.

The Silver Arrow was handed back to Selkirk in an agreement with what is now the Royal Company of Archers – which will retain shared ownership – and members will continue to compete among themselves for the prize on a six-yearly basis.

Ettrick Forest Archers secretary, Dr Lindsay Neil, said: “In reaching this point we acknowledge the help and support received from members of the Royal Company who have afforded us much encouragement and given us valuable instruction.

“Through this we have completed a historical cycle and resurrected this ancient competition to add to the unique tradtions of the Royal Burgh of Selkirk in the hope that it will be perpetuated for many years to come.”

The Selkirk Silver Arrow Shoot takes place at 1pm on Sunday, July 13 at Thirladean in Philiphaugh. For more information visit www.ettrickforestarchers. co.uk