Charitable objects
SCHOLARSHIP TO BE AWARDED TO A) THE SON OF A NAVAL OR MERCANTILE MARINE OFFICER OR OF A CLERGYMAN OF THE CHURCH OF ENGLAND OR OTHER GENTLEMAN WISHING TO BE TRAINED IN 'THE MERCURY' WITH THE VIEW OF ENTERING ROYAL NAVY OR MERCANTILE MARINE AND B) TO ANY BOY WHOSE PARENTS OR PARENT ARE OR IS IN REDUCED CIRCUMSTANCES AND WHO WISHES TO JOIN ROYAL NAVY AFTER TRAINING IN 'THE MERCURY'.