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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.
(B) IN SELECTING THE PERSON TO RECEIVE SCHOLARSHIPS, GRANTS OR AWARDS, PREFERENCE MUST BE GIVEN TO:
(1) PUPILS OR EX-PUPILS OF THE HABERDASHER'S SCHOOLS, AND
(2) PERSONS UNDERTAKING THE STUDY OF DIVINITY, WHERE APPLICABLE.