Charitable objects
(1) SUBJECT TO PAYMENT OF THE EXPENSES AFORESAID THE MANAGING TRUSTEES SHALL APPLY THE INCOME OF THE CHARITY IN MAKING TRAVEL OR HOLIDAY GRANTS TO MISSIONARIES.
(2) IF AND SO FAR AS INCOME IS NOT REQUIRED FOR APPLICATION IN MANNER AFORESAID THE MANAGING TRUSTEES MAY APPLY THE SAME FOR THE BENEFIT OF RETIRED MISSIONARIES OR FOR IMPROVING THE HOMES BELONGING TO THE CHARITY.