Finances:
Objects:
1) income of the foundation shall be applied in awarding exhibitions tenable at any higher institution of learning to persons of either sex who have not attained the age of 25 years, who are resident in the area formerly comprising the poor law union of orsett exclusive of the parish of grays thurrock. 2) providing financial assistance, outfits, clothing, tools, instruments or books. income of the foundation shall be applied in awarding exhibition to persons of either sex who have not attained the age of 25 years, who have for a period of at least two years in attendance at the grays, palmer's endowed school, and who in opinion of the governors, are in need of financial assistance. (for further details see scheme) one-third of the yearly income of the charity in providing prizes and such special benefits of any kind not normally provided by the local educational authority. the residue of the said income in promoting the education of persons under the age of 25 years who are in need of financial assistance. (a) in awarding to beneficiaries exhibitions tenable at any college of education, university or other institution of further (including professional and technical) education approved by the trustees; (b) in providing assistance to beneficiaries who are preparing for, entering upon or engaged in any profession, trade, occupation or service by providing them with outfits, tools or books, or by payment of feeds, travelling or maintenance expenses or by such other means for their advancement in life as the trustees think fit. (2) within the limits prescribed by this scheme the trustees shall have full power to make rules for the award of exhibitions 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.
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