Charitable objects
INCOME SHALL BE PAID ANNUALLY TO DESERVING PEOPLE OFTHE CITY OF PORTSMOUTH IN THE FORM OF CASH OR COMFORTS AS THE LORD MAYOR AND CORPORATION CONSIDER DESIREABLE, SUCH PEOPLE BEING NOT LESS THA 60 YEARS OF AGE AND PREFERENCE BEING GIVEN TO NAVAL MEN OR THEIR WIDOWS PROVIDED ALWAYS THAT IF THE LORD MAYOR AND CORPORATION SHOULD IN THEIR ABSOLUTE DISCRETION CONSIDER THAT AN INSUFFICIENT NUMBER OF PEOPLE ARE ELIGIBLE IN ANY ONE YEAR TO BENEFIT UNDER THE TRUST THE BALANCE OF THE INCOME OF THE SAID TRUST SHALL BE PAID TO THE ROYAL SAILOR'S REST PORRTSMOUTH ABSOLUTELY.