Charitable objects
(A) THE OBJECT OF THE FUND IS TO PROMOTE EDUCATION BY THE PROVISION OF SCHOLARSHIPS, GRANTS OR AWARDS TO PERSONS UNDERTAKING A COURSE OF FURTHER OR HIGHER EDUCATION, OR A WHOLLY EDUCATIONAL EXPEDITION, OUTSIDE THE UNITED KINGDOM.
(B) IN SELECTING THE PERSONS TO RECEIVE SCHOLARSHIPS, GRANTS OR AWARDS A PREFERENCE MUST BE GIVEN TO PUPILS OR EX-PUPILS OF THE HABERDASHER'S SCHOOLS.
(C) THE TRUSTEES MAY, IN ANY YEAR, APPLY UP TO 4% OF THE CLEAR INCOME OF THIS FUND FOR THE PROVISION OF SCHOLARSHIPS, GRANTS OR AWARDS FOR PERSONS LIVING OUTSIDE THE UNITED KINGDOM TO VISIT THE UNITED KINGDOM FOR WHOLLY EDUCATIONAL PURPOSES.