# Chevening Estate Act 1959, Paragraph 16


. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . the Boardat its discretion may sell any of the Contents and where any of the Contents are sold the net proceeds of sale may be dealt with either as part of the capital or income of the Chevening Trust Fund or may be invested in the purchase of other chattels of the same or any other nature which when purchased shall be held by the Boardupon and subject to the same trusts and powers as the chattels sold.

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Source: https://www.legislation.gov.uk/ukpga/Eliz2/7-8/49/schedule/paragraph/16 (the official version)
Page: https://openlegislation.uk/chevening-estate-act-1959/schedule/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.