Paragraph 5 Application of income.

(1)

Subject to clauses 3 and 4 above and to the provisions of this clause, the Trustee shall apply the yearly income of the Charity in furtherance of the object of the Charity.

(2)

The application of the yearly income in furtherance of the objectof the Charity shall be in accordance with rules made by the Trustee andapproved by the Commissioners from time to time.

(3)

The rules made under sub-clause (2) above for the application ofthe yearly income shall include provision for:—

(a)

the local authority of each of the areas specified in clause2(1)(a) above to be consulted by the Trustee about the application ofincome within the area of such authority; and

(b)

the extent to which the Trustee may give priority to the needs ofthe inhabitants of any of the said areas.

Notes on Schedule APPENDIX

Footnotes

f1: 1803 c. 104 (Local and Personal).
f2: 1819 c. 21 (Private).
f3: 1827 c. 31 (Private).
f4: 1839 c. 21 (Private).
f5: 1872 c.xlix.