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OBJECT OF THE FUND
(A) THE OBJECT OF THE FUND IS TO PROMOTE EDUCATION BY THE PROVISION OF SCHOLARSHIPS, GRANTS OR AWARDS TO PUPILS OR INTENDED PUPILS OF MONMOUTH SCHOOL.
(B) IN SELECTING PERSONS TO RECEIVE SCHOLARSHIPS, GRANTS OR AWARDS, A PREFERENCE MUST BE GIVEN TO THOSE PUPILS OR INTENDED PUPILS WHOSE FINANCIAL CIRCUMSTANCES, OR THOSE OF THEIR PARENTS, MAY PRECLUDE THEM FROM OTHERWISE ATTENDING THE SCHOOL.