Charitable objects
INCOME TO BE USED BY PRESIDENT AND COUNCIL OF ROYAL ACADEMY OF ARTS BY WAY OF ANNUITIES OR DONATIONS FOR THE BENEFIT OR RELIEF OF ANY TWO PAINTERS IN OIL OR WATERCOLOURS WHO SHALL THEN BE OF THE AGE OF SIXTY YEARS OR MORE AND SHALL FROM AGE SICKNESS OR ANY OTHER CAUSE WHATEVER BE IN WANT OF PECUNIARY ASSISTANCE.