Charitable objects
FOR THE PAYMENT OF PROMINENT PREACHES APPOINTED BY THE MASTER AND WARDONS FOR A SERIES OF SERMON TO BE PREACHED YEARLY, IN THE CHAPEL OF MERCERS HALL, DURING LENT AND ADVENT. AND ALSO IN OR TOWARDS DEFRAYING THE FEES OF THE ORGANIST OF THE SAID CHAPEL. ANY INCOME NOT APPLIED TO BE USED FOR THE ADVANCEMENT OF RELIGION IN THE CITY OF LONDON.