SCHEME DATED 05/12/1956 AS AMENDED BY SCHEME DATED 17/08/1965 AS AMENDED BY SCHEME DATED 22/01/1973 AS AMENDED BY SCHEME DATED 24/10/1975 AS AMENDED BY SCHEME DATED 21/07/1993 AS AMENDED BY RESOLUTION DATED 02/04/2009

OBJECTS THE RESIDUE OF THE ANNUAL INCOME OF THE PRINCIPAL TRUST FUND SHALL BE APPLIED BY THE COUNCIL IN ONE OR MORE OF THE FOLLOWING WAYS FOR THE BENEFIT OF BOYS AND GIRLS RESIDENT IN THE COUNTY OF MONMOUTH WHO HAVE FOR NOT LESS THAN TWO YEARS AT ANY TIME ATTENDED A COUNTY SECONDARY SCHOOL IN THE COUNTY OF MONMOUTH OR THE COUNTY SECONDARY SCHOOLS AT GELLYGAER IN THE COUNTY OF GLAMORGAN, OR THE COUNTY SECONDARY SCHOOLS IN THE COUNTY BOROUGH OF NEWPORT, AND WHO, IN THE OPINION OF THE COUNCIL, ARE IN NEED OF FINANCIAL ASSISTANCE: A)THE AWARD OF EXHIBITIONS TENABLE AT ANY TRAINING COLLEGE FOR TEACHERS, UNIVERSITY OR OTHER INSTITUTION OF FURTHER (INCLUDING PROFESSIONAL AND TECHNICAL) EDUCATION APPROVED BY THE COUNCIL, TO BE AWARDED UNDER RULES TO BE MADE BY THE COUNCIL, INCLUDING RULES AS TO THE VALUE AND PERIOD OF TENURE OF THE EXHIBITIONS AND THE QUALIFICATIONS, AND METHOD OF ASCERTAINMENT AND SELECTION OF CANDIDATES; B) THE PROVISION OF FINANCIAL ASSISTANCE, OUTFITS, CLOTHING, TOOLS, INSTRUMENTS OR BOOKS TO ENABLE BENIFICIARIES ON LEAVING SCHOOL, UNIVERSITY OR ANY OTHER EDUCATIONAL ESTABLISHMENT, TO PREPARE FOR, OR TO ASSIST THEIR ENTRY INTO, A PROFESSION, TRADE OR CALLING; C) THE AWARD OF SCHOLARSHIPS OR MAINTENANCE ALLOWANCES TO ENABLE BENEFICIARIES TO STUDY MUSIC OR OTHER ARTS; AND D) OTHERWISE PROMOTING THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF BENEFICIARIES.

• 22 February 2012 : Standard registration