Paragraph 2
Application of income. If and insofar as the income of the Charity cannot usefully be applied in any year in accordance with the subsisting trusts the Trustee may apply the same in one or both of the following ways:—
in or towards the provision of transport and access to it for elderly or disabled people in the Greater London area;
for other charitable purposes for the general benefit of the inhabitants of Greater London in such ways as the Trustee thinks fit:
Provided that no payment shall be made which directly relieves the said body corporate (in its capacity otherwise than as Trustee of the Charity) or any other body corporate or person or any government department of expenditure which they are under a statutory or other legally enforceable duty to incur:
And provided further that in any year when there shall be income applicable as provided in this clause the Trustee shall settle a policy for the application of such income and in doing so shall consult such persons or bodies corporate or government departments as the Commissioners may direct by order after consulting the Trustee.
Notes on Schedule APPENDIX
Footnotes
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