Y Gofrestr Elusennau - Y Comisiwn Elusennau THE CLERGY RETIREMENT HOUSING TRUST

SCHEME SEALED 9TH SEPTEMBER 1991

1.THE TRUSTEES MAY APPLY CAPITAL OF THE CHARITY IN THE PURCHASE OF LAND AND BUILDINGS TO BE SETTLED UPON TRUST FOR USE AS RESIDENCES UNDER THE PROVISIONS OF THE CLERGY PENSIONS MEASURE 1961. 2.THE TRUSTEE SHALL APPLY THE CLEAR INCOME AND AT ITS DISCRETION CAPITAL OF THE CHARITY FOR THE PURPOSE OF MAINTAINING, REPAIRING AND IMPROVING BUILDINGS USED AS RESIDENCES AS AFORESAID BUT NEVERTHELESS UPON SUCH TERMS WITH REGARD TO RECOUPMENT OF CAPITAL EXPENDED AND OTHERWISE AS THE COMMISSIONERS UPON SUCH APPLICATION MADE TO THEM FOR THE PURPOSE AS THEY SHALL THINK SUFFICIENT.

NOT DEFINED

THE CHURCH OF ENGLAND PENSIONS BOARD