Gwrthrychau elusennol
THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME AND ALL OR SUCH PART OR PARTS OF THE CAPITAL FOR THE PUBLIC BENEFIT AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT FOR OR TOWARDS THE PROVISION OF FINANCIAL ASSISTANCE FOR THE REPAIR AND MAINTENANCE GENERALLY OF ST HUBERT'S CHAPEL, THE SLIPS, GREAT HARROWDEN ("THE PRIMARY OBJECTS"); AND
ON THE CONDITION THAT ALL OF THE TRUSTEES AGREE THAT THE PRIMARY OBJECTS HAVE BEEN MET, FOR THE PROMOTION AND ADVANCEMENT OF THE ROMAN CATHOLIC RELIGION AND OTHER CHARITABLE PURPOSES AS SELECTED BY THE TRUSTEES.
THE TRUSTEES MAY IN THEIR DISCRETION, FOR THE PERIOD OF 21 YEARS FROM THE DATE OF THIS DEED, INSTEAD OF APPLYING THE INCOME OF THE CHARITY IN ANY YEAR, ACCUMULATE ALL OR ANY PART OF SUCH INCOME BY INVESTING THE SAME, AND THE RESULTING INCOME, IN ANY INVESTMENT AUTHORISED BY THIS DEED OR BY LAW AS AN ACCRETION TO AND AS PART OF THE CAPITAL OF THE CHARITY, WITHOUT PREJUDICE TO THEIR RIGHT TO APPLY THE WHOLE OR PART OF SUCH ACCUMULATED INCOME IN ANY SUBSEQUENT YEAR AS IF THE SAME WERE INCOME OF THE CHARITY ARISING IN THE THEN CURRENT YEAR.
