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Paragraph 21

F1The Board shall pay and apply the income of the Chevening Trust Fund for such one or more of the following purposes and in such manner as it thinks fit that is to say—

(i)

In payment . . . F2of rates and other necessary outgoings and expenses

(ii)

In payment of the board and remuneration of any persons employed in any capacity pursuant to the powers conferred by Clause 19 hereof

(iii)

In the upkeep repair maintenance and insurance of Chevening House and other buildings and the gardens pleasure grounds and other lands comprised in the Chevening Estate

(iv)

In the maintenance insurance valuation renovation and repair of the Contents or any part hereof and the purchase where deemed necessary of new or additional furnishings for Chevening House

(v)

In payment of any expenses of the F3BoardF4(or of members of the Board)

(vi)

In payment to the Nominated Person of such sums in respect of expenses incurred by him in connection with his occupation of Chevening House (not being more than One hundred pounds for any one month) as the Boardshall from time to time think fit

(vii)

In any other manner authorised by law for the application of the income of trust property

(viii)

If from time to time there is any income of the Chevening Trust Fund which in the opinion of the Boardis not required to meet the payments hereinbefore in this paragraph mentioned or to be set aside for making future payments thereunder the Boardshall direct that income to be added to the capital of the Chevening Trust Fund and it shall be . . . F5held as part of that fund accordingly.

Annotations

Textual amendments

F1

Words substituted by Chevening Estate Act 1987 (c. 20, SIF 57), s. 3(1), Sch. 2 para. 1(8)(a)

F2

Words repealed by Chevening Estate Act 1987 (c. 20, SIF 57), s. 3(1), Sch. 2 para. 1(8)(b)

F3

Word substituted by Chevening Estate Act 1987 (c. 20, SIF 57), s. 3(1), Sch. 2 para. 1(1)

F4

Words added by Chevening Estate Act 1987 (c. 20, SIF 57), s. 3(1), Sch. 2 para. 1(8)(c)

F5

Words repealed by Chevening Estate Act 1987 (c. 20, SIF 57), s. 3(1), Sch. 2 para. 1(8)(d)