Charitable objects
THE TRUSTEES SHALL HOLD THE TRUST INCOME UPON TRUST TO APPLY IT FOR THE BENEFIT OR IN FURTHERANCE OF SUCH CHARITABLE PURPOSES , CHARITABLE INSTITUTIONS OR CHARITABLE FOUNDATIONS IN UNITED KINGDOM OR ELSEWHERE AS THE TRUSTEES MAY FROM TIME TO TIME DECIDEAND IT IS HEREBY DECLARED THAT THE WORD "CHARITABLE" HAS THE MEANING ASSIGNED THERETO BY THE LAW FOR THE TIME BEING IN FORCE IN ENGLAND AND WALES.
