Charitable objects
TO APPLY THE INCOME:- (A) IN THE ASSISTANCE OR BENEFIT OF ANY SUCH PERSONS SERVING OR HAVING SERVED AS OFFICERS IN THE SCOTS GUARDS OR BEING DEPENDENTS, WIVES, WIDOWS (WHETHER OR NOT REMARRIED) SERVING OR HAVING AT ANY TIME SERVED AS OFFICERS IN THE SCOTS GUARDS AS MAY FOR THE TIME BEING BE IN NEED OF CHARITABLE ASSISTANCE OR BENEFIT. (B) IN MAKING GRANTS TO ANY CHARITY OR CHARITABLE FUND OR CHARITABLE INSTITUTION (WHETHER THE SAME BE A MILITARY OR CIVIL CHARITY) EXISTING OR HEREAFTER INSTITUTED WHICH IN THE OPINION OF THE MANAGING TRUSTEES DIRECTLY OR INDIRECTLY BENEFITS THE PERSONS OR DEPENDENTS OF PERSONS WHO ARE SERVING OR WHO HAVE SERVED AS OFFICERS IN THE SCOTS GUARDS WHETHER OR NOT THE OBJECTS OF ANY SUCH CHARITY OR CHARITABLE FUND OR CHARITABLE INSTITUTION SHALL EXPRESSLY INCLUDE PROVISIONS FOR THE BENEFIT OF SUCH PERSONS OR DEPENDENTS OF PERSONS AS AFORESAID.