Paragraph 6 Free Fund and Restricted Fund.
The Trustee shall divide intotwo funds, to be known respectively as the Free Fund and the RestrictedFund, the property of the Charity other than land and other than the sumof £1,525,000 in cash (that sum being referred to in this andthe next following clause as“the specified sum”) so as to secure that the value of the property allocated to theFree Fund is equal to twice the value of the property allocated to theRestricted Fund.
When the division required by sub-clause (1) above has beenmade—
property representing, or constituting a capital accretion to,property included in one of the funds shall be included in that fund;
subject to paragraph (a) above, any property of the Charity (otherthan land and other than the specified sum) which is not included ineither fund and is to be invested shall be divided between and added tothose funds so as to secure that the value of the property added to theFree Fund is equal to twice the value of the property added to theRestricted Fund.
Notes on Schedule APPENDIX
Footnotes
- f1
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1803 c. 104 (Local and Personal).
- f2
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1819 c. 21 (Private).
- f3
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1827 c. 31 (Private).
- f4
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1839 c. 21 (Private).
- f5