Charitable objects
AFTER PAYMENT OF ANY EXPENSES OF ADMINISTRATION, AND OF ANY SUMS REQUIRED UNDER THE FOREGOING CLAUSE THE INCOME OF THE FOUNDATION SHALL BE APPLIED BY THE GOVERNORS IN EITHER OR BOTH OF THE FOLLOWING WAYS:-
(I) IN ASSISTING QUALIFIED BENEFICIARIES TO ATTEND SCHOOLS, UNIVERSITIES OR OTHER INSTITUTIONS OR CLASSES FOR PURPOSES OF EDUCATION OTHER THAN ELEMENTARY, BY MEANS OF EXHIBITIONS.
(II) IN ASSISTING QUALIFIED BENEFICIARIES, IN SUCH MANNER AS THE GOVERNORS THINK FIT (OTHERWISE THAN BY MEANS OF EXHIBITIONS AS IN THIS SCHEME PROVIDED) TO PREPARE FOR OR ENTER UPON SOME PROFESSION, TRADE OR CALLING.
