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Paragraph E Endowments transferred to The Scottish Borders Council

Original text. Later amendments are not shown.

Johnstone Bequest

  • Wright Prize Fund.

  • For the purpose of this Part, the amount of each endowment transferred shall be such share of the total endowment of the Midlothian Educational Trust as may be agreed to be appropriate by the five transferee Councils (or failing agreement as may be determined by arbitration) having regard (as far as information is available) to the original value of each endowment, any subsequent events affecting the endowments, the amounts of any preferences or prizes to be provided out of each endowment, and any other relevant considerations.