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1) INCOME OF THE FOUNDATION SHALL BE APPLIED IN AWARDING EXHIBITIONS TENABLE AT ANY HIGHER INSTITUTION OF LEARNING TO PERSONS OF EITHER SEX WHO HAVE NOT ATTAINED THE AGE OF 25 YEARS, WHO ARE RESIDENT IN THE AREA FORMERLY COMPRISING THE POOR LAW UNION OF ORSETT EXCLUSIVE OF THE PARISH OF GRAYS THURROCK. 2) PROVIDING FINANCIAL ASSISTANCE, OUTFITS, CLOTHING, TOOLS, INSTRUMENTS OR BOOKS.