Charitable objects
1. FOR THE BENEFIT GENERALLY OF THE RUGBY CLUBS AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT. 2.I)A) IN ESTABLISHING AND MAINTAINING THREE SCHOLARSHIPS TO BE CALLED THE RUGBY CLUB SCHOLARSHIPS TO BE AN AGGREGATE VALUE OF ú100. B) IN THE PAYMENT OF SUBSCRIPTIONS OR CONTRIBUTIONS AMOUNTING TOGETHER TO ú50 PER ANNUM TO THE RUGBY NAVAL BRIGADE TO BE HELD AND ENJOYED AS HEREINAFTER PROVIDED;AND C) IN PAYMENT OF SUMS AMOUNTING TO ú50 PER ANNUM TO THE RUGBY CLUBS TO BE HELD AND ENJOYED AS HEREINAFTER PROVIDED II) THE TRUSTEES SHALL BE AT LIBERTY TO PAY SUCH GREATER OR LESSER SUMS OR SUM IF THE TRUSTEES IN THEIR ABSOLUTE DISCRETION SHALL THINK FIT. (FOR FURTHER DETAILS SEE INDENTURE).