Finances:
Objects:
(1) to promote the education (including social and physical training) of persons who are in need of financial assistance and are resident in betws cedewain or, in the case of persons under the age of 25 years, whose parents are resident in betws cedewain, and in particular but without prejudice to the generality of the foregoing;(a) in awarding to such persons scholarships, exhibitions, bursaries, maintenance allowances or grants tenable at any school, university college of education, or other institution of further (including professional and technical) education approved for the purpose by the trustees; and(b) in providing financial assistance, outfits, clothing, tools, instruments or books to assist such persons to pursue their education (including the study of music and other arts), to undertake travel in furtherance thereof, or to prepare for or enter a profession, trade, occupation or service on leaving school, university or any other educational establishment.(2) within the limits prescribed by this scheme the trustees shall have full power to make rules for the award of scholarships, exhibitions, bursaries, maintenance allowances and other benefits, including rules as to the value and period of tenure of the awards and the qualifications, method of ascertainment and selection of candidates for benefit.(3) the trustees shall have regard to the desirability of consulting the local education authority as to their general action under sub-clause (1) of this clause and, if occasion requires, as to the educational qualifications of candidates for benefit.(4) if and in so far as the income of the charity is not required for application as aforesaid the trustees may apply the same for any charitable purpose for the benefit of the inhabitants of betws cedewain including all or any of the following purposes:-(a) the provision and support of facilities for recreation and other leisure-time occupation with the object of improving the conditions of life of the said inhabitants;(b) the relief of the aged, sick, impotent and poor;(c) the advancement of religion.
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