Charitable objects
TO APPLY THE INCOME OF THE FOLLOWAY WAYS:- (A) IN THE RELIEF OF ANY PERSONS SERVING OR HAVING SERVED AS WARRANT OFFICERS OR GUARDSMEN IN THE SCOTS GUARDS AND THEIR DEPENDANTS, WIVES, WIDOWS (WHETHER OR NORT RE-MARRIED) AND CHILDREN WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS. (B) IN MAKING GRANTS TO ANY CHARITIABLE INSTITUTION (WHETHER THE SAME BE A MILITARY OR CIVIL CHARITY) EXISTING OR HEREAFTER ESTABLISHED WHICH IN THE OPINION OF THE MANAGING TRUSTEES DIRECTLY OR INDIRECTLY BENEFITS THE PERSONS REFERRED TO IN (A) ABOVE, WETHER OR NOT THE OBJECTS OF AN SUCH CHARITY OR CHARITIABLE FUND OR CHARITABLE INSTITUTION SHALL EXPRESSLY INCLUDE PROVISION FOR THE BENEFIT OF SUCH PERSONS.