Finances:
Objects:
the trustees shall hold the trust fund as to both capital and income upon of the same to pay or apply at any time or times in such manner in their absolute discretion think fit to united kingdom charitable institutions or for such charitable purposes as are defined in section 272 of the inheritance tax act 1984 and section 506(1) of the taxes act 1988 (or any statutory re-enactment or modification thereof) and in particular (without prejudice to the generality of the foregoing) to benefit:-1) the governing body of stockport grammar school and2) the history department of university college londonwhilst such institutions are charitable within the law of the united kingdom.
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